February 4, 2020

The Daily Bankruptcy News

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Law:

Law Firm Revenue Growth Expected to Dip in 2020, Report Says
(DBN)

Ransomware Attacks Hit Three Law Firms In Last 24 Hours
(DBN)

Stealth Layoffs And Shortchanging Associates
(DBN)

Online Lawyer Marketplace UpCounsel to Shut Down
(DBN)

Curtis Names New Bankruptcy Counsel In NY
(DBN)

Dechert Welcomes Financial Restructuring Partner Solomon J. Noh in London
(DBN)

Fabricated and wildly inaccurate: Peter Schweizer's new book gets bankruptcy law totally wrong in attack on Elizabeth Warren
(DBN)

If a Recession Is Looming, the Laterals Report Shows Firms Aren't Changing Their Ways
(DBN)

Lawyer is reprimanded for lifting quotes from Supreme Court justices on her judicial application
(DBN)

Biglaw Firm Encourages Associates To Use Preferred Gender Pronouns In Email Signatures
(DBN)

Inconsistent In-House Metrics Are Leaving Law Firms in the Lurch
(DBN)

Mandatory Bar Dues Are Defended as Challenges Pile Up at Supreme Court
(DBN)

Faegre Drinker Makes Its Debut, Pressing Size as an Advantage
(DBN)

Duane Morris Finalizes Merger With Satterlee Stephens, Adding 65 in NY
(DBN)

Top Biglaw Firm Wows All Employees With New Fertility And Family-Planning Benefits
(DBN)

Kim Kardashian Reacts To Law School Practice Questions Featuring Kim Kardashian
(DBN)

Cipollone ‘Must Come Clean’? Calls for Disciplinary Action Against WH Counsel Intensify
(DBN)

More of Mueller's Secret Memos Released
(DBN)

Trump is Hoping to Lock Up John Bolton
(DBN)

The Weinstein Trial’s Most Shocking Accuser Is Back • Defense grills Weinstein accuser at trial, says she 'manipulated' him • Harvey Weinstein Rape Accuser Shocks with Description of Defendant’s G------
(DBN)

First Epstein, Now This: Widespread Sexual Harassment of Victoria’s Secret Models Alleged in Exposé
(DBN)

Nike’s Internal Probe Didn’t Uncover Payments Avenatti Disclosed
(DBN)

Jeff Bezos sued by girlfriend's brother for defamation • Jeff Bezos accused his girlfriend's brother of 'extortion' in an escalating legal battle over photos leaked to the National Enquirer
(DBN)

An Israeli Startup Sells Panic Buttons to U.S. Synagogues
(DBN)

Super Bowl argument leads to man's shooting death
(DBN)

Deadly Greyhound bus shooting: 'Heroic' passengers helped disarm gunman
(DBN)

Ex-Wilson Elser Partner Who Took Funds From Firm Suspended
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Police Clear Gritty of Allegation He Punched 13-Year-Old Boy in the Back
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Judges:

Appeals court grapples with fight over fees for public records • Gold-Plated Toilets and SCOTUS Curtains: Federal Circuit Questions Proper Use of PACER Fees
(DBN)

Lawyer running for the bench says her experience as ‘vexatious litigant’ would make her a better judge
(DBN)

Kagan acknowledges incognito Twitter use; Ginsburg sees obstacles for women • This Supreme Court Justice Describes Herself As A Twitter Lurker
(DBN)

Which SCOTUS justices are registered Democrats or Republicans? Fix the Court investigates
(DBN)

First Openly Gay Federal Judge Dies
(DBN)

Will a Supreme Court Case Spell the Beginning of the End of Abortion?
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Wall Street:

Stocks are set to rally for a second day with Dow futures up more than 300 points
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Stocks close below session highs as virus fears linger
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5 tech companies now make up 18% of the stock market
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Layoffs:

Here's why one expert says the US has been immune to the latest coronavirus stock meltdown
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Fairway could fire 2,000 workers after bankruptcy
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Retailing:

More than 2,200 stores are closing in 2020 as the retail apocalypse drags on. Here's the full list.
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Forever 21 Reaches Sale Deal With Landlords • Forever 21 Reaches $81.1 Million Deal to Sell Business to ABG and Mall Owners • Former Forever 21 Billionaire Couple Slated To Sell Troubled Retailer For Just $81 Million • The husband and wife duo behind Forever 21 have reportedly reached a deal to sell the fast fashion retailer, after having lost nearly $4 billion from their personal net worths since 2015
(DBN)

J.C. Penney back at risk of delisting
(DBN)

Vibe at post-bankruptcy Barneys descends into boozy chaos
(DBN)

GameStop downgraded by Moody's as retailer faces 'sustained competitive threats'
(DBN)

Ann Taylor parent Ascena puts HQ up for sale
(DBN)

More disruption in grocery: Earth Fare closing all stores • Earth Fare going out of business • Another Whole Foods competitor just bit the dust • Earth Fare Files In BK DE - Petition
(DBN)

Amazon has surpassed 150 million Prime subscribers globally
(DBN)

Amazon's Escalating Logistics Costs
(DBN)

Sales were up during the holidays, but companies like Pier 1, Papyrus and Express say they’re closing 1,000 stores. And that’s just the beginning
(DBN)

Hudson’s Bay posted a loss of €74m in NL last year, still owes €86m
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Politics:

Iowa Is an 89% Match with U.S. Demographics & Predicts 70% of Democratic Nominees
(DBN)

Problems with an app threw the Iowa caucuses into chaos, indefinitely holding up the results • Democrats lay big caucus egg: No results from Iowa election • Pete Buttigieg claims victory in Iowa caucuses, though no results have been released • 2020 Democratic candidates are claiming their own Iowa caucus results to fill the vacuum caused by a technical delay. Here's what they're saying. • Biden Touts Endorsements After Uncertain Iowa Finish • Chaos in Iowa as Democratic Party finds ‘inconsistencies’ in reporting of caucus results • Here’s what happens next after chaos strikes the Iowa caucuses • The Death of Iowa • Dempocalypse Now • Iowa ‘Train Wreck’ Gives Trump an Opening
(DBN)

Democrats turn to New Hampshire as Iowa caucus debacle delays results
(DBN)

Schiff in closing arguments: Trump "will not change and you know it" • Schiff's powerful closing speech: 'Is there one among you who will say, Enough!' • House Manager References Harry Potter During Closing Arguments for Some Reason • Republicans officially have votes to acquit Trump in Senate trial • Sen. Murkowski: Trump Impeachment Trial Can’t Be Fair, So No New Witnesses • Senate GOP Sparks Outrage, Declares It Conducted a ‘Fair’ Trump Trial • GOP Made Trump Impeachment a Sham Trial • What We Learned at Trump Trial on Monday
(DBN)

OMB Withholding 24 Emails Directly Related to ‘Presidential Decision-Making’ on Ukraine Military Aid
(DBN)

Former Bush WH Lawyer Accuses McConnell of ‘Urinating’ on the Constitution
(DBN)

Michael Bloomberg Spent $700K on Venable, Campaign Disclosure Shows
(DBN)

Krugman: Does It Matter Who the Democrats Choose? In terms of actual policy, probably not very much
(DBN)

The Differences Between Warren and Sanders Matter
(DBN)

Sanders, Biden and Warren Bunched at Top in a New Hampshire Poll
(DBN)

Trump mistakenly congratulates Kansas after Chiefs win Super Bowl
(DBN)

Ernst Walks Back Biden Impeachment Remark
(DBN)

Trump Legal Adviser Jenna Ellis Slams Super Bowl Halftime Show For 'Exploiting And Demeaning' Women
(DBN)

Early Primary States Don't Favor Biden
(DBN)

Did Warren Get Her Ad Campaign Wrong in Iowa?
(DBN)

Just how demographically skewed are the early Democratic primary states?
(DBN)

Over 40% Of Andrew Yang Supporters Refuse To Support A Democratic Nominee That Isn't Him, Poll Shows
(DBN)

Iowa Caucus 2020: A guide to understanding the results
(DBN)

Few in other countries approve of Trump’s major foreign policies, but Israelis are an exception
(DBN)

The State of the Union Depends on One's Political Party
(DBN)

Second in Command at Department of Veterans Affairs Fired 145 Days After Being Confirmed
(DBN)

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Economy:

Inequality in America: 6 charts that show how much more wealth the 1% have over everyone else
(DBN)

Oxfam Highlights ‘Shocking’ Wealth, Gender Disparity Stats
(DBN)

Fed’s Bostic says new virus hasn’t changed his outlook
(DBN)

Rogoff: The Fantasy Fiscal Policy
(DBN)

Fed GDPNow: 2.9 percent
(DBN)

Negative Real Yields Show Bond Traders’ Growth Worries Deepening
(DBN)

US manufacturing climbs out of contraction territory for the first time in 6 months • ISM Manufacturing index Increased to 50.9 in January • Things are finally looking up for America's factories
(DBN)

Ranked: The Most Valuable Brands in the World
(DBN)

With Deficits Topping $1 Trillion, Is There Room for More Spending?
(DBN)

Central banking since 1701
(DBN)

M&A Will Rise in 2020, Just Not as Fast, Survey Says
(DBN)

Global mergers are off to a slow start in 2020
(DBN)

China Seeks U.S. Flexibility on Trade Targets as Virus Spreads • It’ll Be a While Before China Spends Billions on U.S. Farm Goods • Truth Versus Spin in Trump’s Trade Deal Celebrations
(DBN)

World’s Biggest Commodity Engine Is Roiled by Chinese Virus Blow
(DBN)

Good start, companies — now keep raising wages!
(DBN)

Indians Immigrating To Canada At An Astonishing Rate
(DBN)

Bernie Sanders and AOC support the 'Nordic model,' which features robust health and social-welfare systems — one that Finland's leader calls 'the American Dream' • Finland's millennial prime minister said Nordic countries do a better job of embodying the American Dream than the US
(DBN)

Outgoing NSA legal chief warns hacking threats from Russia, China, and Iran are as dangerous to the US as climate change
(DBN)

Bernie Sanders Has Some Fans In Finance, Though Few Want To Talk • A Bernie Sanders Win in Iowa Could Ripple Through Markets • A Bernie Sanders presidency presents ‘one of the key risks for markets’ in 2020: UBP • Wall Street Eyes Iowa for Hints of How Deep Sanders Support Runs
(DBN)

Bank Risk Hardly Changed Since Before Crisis by Some Measures
(DBN)

Economic Impact of Immigration by State
(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:

Black Knight Mortgage Monitor for December; "Home-price-growth rate gained steam"
(DBN)

Is the 20% down payment rule dead? Realtors, millennials say yes
(DBN)

Update: Framing Lumber Prices Up Year-over-year
(DBN)

Construction Spending Decreased in December • US construction spending dips 0.2% in December
(DBN)

Everything we know about WeWork's new CEO Sandeep Mathrani, a former real-estate executive who has been called a 'corporate turnaround artist'
(DBN)

NMHC: Apartment Market Tightness Index Decreased in January
(DBN)

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Oil/Gas:

Dallas-based energy co. emerges from bankruptcy, moving to Houston
(DBN)

Alta Mesa Resources Started Strong And Ended Up in the Bargain Bin
(DBN)

Chinese oil demand has slipped 20% amid the coronavirus outbreak, one of the largest shocks to the industry since the global financial crisis • Oil tumbles to lowest in a year as virus saps Chinese demand
(DBN)

Jim Cramer jolts fossil fuel divestment debate
(DBN)

2 giants with 2 strategies that aren’t working
(DBN)

Oil tumbles below $50 a barrel as virus saps Chinese demand • Citi: Brent Oil Could Fall To $47 As Demand In China Crashes
(DBN)

Philly refinery’s former owner, Sunoco, files formal objection ahead of bankruptcy sale
(DBN)

Oil bear market deepens as OPEC talks emergency action to deal with coronavirus crisis
(DBN)

Parker Drilling to Voluntarily Delist from the NYSE
(DBN)

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Healthcare:

Effects of Astria Regional financial woes felt long before closure • Astria Health wants to extend bankruptcy reorganization into summer
(DBN)

Coronavirus and Distress – Do Your Contracts’ Force Majeure Clauses Cover You, Harm You, Mitigate Your Distress, Exacerbate Your Distress, or Warrant a Complete Overhaul?
(DBN)

CDC Readies for Pandemic; Long Vaccine Timeline • Experts: Coronavirus May Become Pandemic • Over 25,000 China flights axed as Coronavirus panic creates disruption • Despite Global Fears, Coronavirus Concentrated in China’s Hubei • Coronavirus updates: China death toll hits 425 as new Wuhan hospital starts taking patients • Coronavirus May Trigger China Officials To Cut 2020 Growth Target : Report • Major fast-food chains and retailers in China are shutting their doors as the deadly coronavirus continues to spread. Here's a list of closures • Apple closing all stores in China amid coronavirus • Doors open at coronavirus hospital China built in 10 days • Passengers sprayed with hoses on runway after flying from hot zone • Wall Street Fixates on Every Fear Gauge to Map the Virus Fallout • What's happening with the coronavirus • Billionaires and multinationals donate to fight coronavirus • How Congress is responding to the coronavirus outbreak • The CDC recommends 3 things you can do to keep from getting Wuhan coronavirus, and 3 things you should not do • KFC and Pizza Hut have launched a contactless delivery service in China amid coronavirus fears • Traveled to China lately? Forget going on a cruise • US plans more coronavirus evacuation flights • Cotton: China Created the Coronavirus • Republican senator suggests 'worse than Chernobyl' coronavirus could've come from Chinese 'superlaboratory' • China’s Massive Economic Power Shapes Global Response To Virus • Coronavirus Outbreak Likely Began With Bats, an Omen for Next Epidemic • Princeton Isolates 108 Students as Precaution After China Trips • Coronavirus sickened cruise customer on Carnival's Princess line • Trudeau Government to Evacuate Canadians from Wuhan Region • Russia May Deport Foreigners With Coronavirus, Premier Says • Coronavirus forces China’s neighbors to make tough choices over health, fear and trade • As coronavirus panic spreads, Uber and Lyft riders of Asian descent are reporting discrimination • China gave a rare admission of fault, admitting 'deficiencies' in its response to the Wuhan coronavirus that has now infected more than 20,000 people • Apple suppliers reportedly aim to resume full production in China on February 10 despite coronavirus fears • Coronavirus Doesn’t Show Much Mutation So Far, WHO Official Says
(DBN)

Trump Admin Readies Big Changes for Medicaid • Trump Medicaid Overhaul Will Spark Furious Election-Year Fight
(DBN)

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Utilities:

PG&E Surges on Overhaul Plan, But Still Needs to Win Over Newsom
(DBN)

Sen. Scott Wiener gets serious about plan for public takeover of PG&E • California State Senator Writes Bill to Take Over PG&E • California lawmaker introduces bill to make PG&E a publicly owned utility
(DBN)

PG&E’s Updated Bankruptcy Plan ‘Honors Clean Energy Commitments’
(DBN)

PG&E pledges major reforms after bankruptcy
(DBN)

PG&E's new bankruptcy plan seeks to appease Newsom
(DBN)

PG&E Surges on Plan for Board Overhaul in Bankruptcy Exit
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Religion:

Diocese of Buffalo considering bankruptcy filing
(DBN)

Abuse Reports From Illinois’ Catholic Dioceses Are Still Missing A Lot of Data
(DBN)

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Semiconductors:

Chip Industry Had Worst Sales Year Since Dot-Com Bubble Burst
(DBN)

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Aviation:

Over 25,000 China Flights Axed as Virus Panic Creates Disruption
(DBN)

The FAA Doesn’t Care If You Feel Like a Sardine in That Plane
(DBN)

Airbus bribery scandal triggers new probes worldwide
(DBN)

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Fraud:

January 2020 Ponzi Scheme Roundup
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McMillions: How One Man Scammed McDonalds
(DBN)

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Crypto:

English Court confirms that cryptoassets are property
(DBN)

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Private Equity:

How private equity buried Payless
(DBN)

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Celebs:

Meet billionaire L'Oreal heiress Françoise Bettencourt Meyers, the richest woman in the world, who has a net worth of $58.6 billion
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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 (39 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (186 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:

More Farms Turn to Bankruptcy in 2019
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BK ME: Updated Filing Statistics
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Weekly Bankruptcy Claims Trading Activity
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Critical Thought:

50 Cognitive Biases in the Modern World
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Litigation:

Redactions Are Not the Problem, They Are a Solution
(DBN)

Litigation Funding Leader Burford Warns of Profit Dip
(DBN)

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Sovereign Immunity:

Fraudulent Transfer Claims Avoid State Sovereign Immunity, But Only If a Property Interest Exists Under State Law
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Appeals:

Supreme Court Affirms Sixth Circuit: Bankruptcy Stay-Relief Denials Immediately Appealable | Sixth Circuit Appellate Blog
(DBN)

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Coal:

Measures to help Wyoming coal workers recover pay move ahead
(DBN)

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Mass Torts:

USA Gymnastics Submits Restructuring Plan, Plaintiffs Argue It's Not Enough
(DBN)

Buffalo Diocese may file for bankruptcy citing abuse victim compensation
(DBN)

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Celebs:

Elon Musk Starts Decade With a $13.5 Billion Gain, Better Than Jeff Bezos
(DBN)

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Cannabis:

Could This Surprising Move Save The Cannabis Industry?
(DBN)

What Percentage of Americans Smoke Marijuana?
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Student Debt:

This Is What Happens If $1.6 Trillion Of Student Loans Are Forgiven
(DBN)

Student loan refinancing site LendEDU sold positive reviews, FTC says
(DBN)

Family gets 55,000 duplicate letters from loan company
(DBN)

Education Dept. Unveils Fix For Student Loan Program's 'Bureaucratic Nightmare'
(DBN)

House Threatens to Subpoena Betsy DeVos for Attending Trump Re-Election Events Instead of Testifying
(DBN)

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Food/Beverage:

Restaurant Performance Index declined in December
(DBN)

The End of Fairway?
(DBN)

Earth Fare closing all stores
(DBN)

Administrators Seize Michelin-Starred Mayfair Restaurant The Square Mid-Service
(DBN)

The Workers, Farmers And Researchers Left In The Wake Of NORPAC's Sale
(DBN)

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Climate:

Mapping Where Climate Migrants Will Move in the U.S.
(DBN)

The Two Big Climate Risks That Financial Firms Worry About
(DBN)

Major storm moving from West across the country with heavy snow, damaging winds
(DBN)

‘Flabbergasted’: Emails Reveal Harsh Backlash from Gov’t Scientists Following Sharpie-gate
(DBN)

Greta Thunberg Nominated for Nobel Prize
(DBN)

The Voyage to the End of Ice
(DBN)

Sea Level Rise Accelerating Along US Coast
(DBN)

Miami Is Doomed
(DBN)

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UK:

Britain’s Productivity Decline Is the Worst in 250 Years
(DBN)

Directors' duties survive insolvency
(DBN)

A Business Owner's View On Brexit
(DBN)

Brexit's Passport to Nowhere
(DBN)

5 Potential Clashes for Next Brexit Talks
(DBN)

London Finance Frets Johnson Will ‘Sacrifice’ Industry in Talks
(DBN)

An Unexpected Upside to Life in Post-Brexit London
(DBN)

The failing high street: top four lessons for small businesses
(DBN)

Brexit: Boris Johnson says 'no need' for UK to follow EU rules on trade
(DBN)

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PIIGS:

Spanish court widens fraud investigation to Abengoa and Deloitte
(DBN)

ie: Sean Dunne accused of trying to torpedo US bankruptcy settlement
(DBN)

Children Allegedly Teargassed As Greek Government Cracks Down On Asylum Seekers Protesting 'Dire' Living Conditions
(DBN)

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Canada:

Rising Personal Debt Putting NLers on ‘Dangerous Path’ says Licensed Insolvency Trustee
(DBN)

Consumer confidence in Canada holding firm despite slowdown
(DBN)

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South Africa:

Unions warn of thousands of job loses should SAA collapse
(DBN)

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China:

Virus Jolts China Economy, Forcing Rethink on Almost Everything
(DBN)

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Australia:

Australian property prices are now rising in every single capital city at an 'unsustainable' rate
(DBN)

Bankruptcies fall 10.6% in the December quarter 2019
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Hong Kong:

Coronavirus means Hong Kong's recession could deepen
(DBN)

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Argentina:

Inklings of a Plan to Fix Argentina’s $311 Billion Debt Bomb Emerge
(DBN)

Germany pledges support for Argentina and its foreign debt strategy compliance
(DBN)

Bondholder group backs sweetened Buenos Aires offer
(DBN)

Argentina and Venezuela Discussion with Lee Buchheit
(DBN)

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MENA:

Law allows man to kill his wife/daughter/sister/mother in adultery case
(DBN)

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