February 7, 2020

The Daily Bankruptcy News

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Law:

Law School Reverse Discrimination Lawsuit Alleges Bonkers Details About The School
(DBN)

UpCounsel announced shutdown after reaching deal with LinkedIn, court papers reveal
(DBN)

Latham & Watkins Bolsters Expanding Restructuring & Special Situations Practice with Addition of Counsel in New York
(DBN)

Dentons investigates if partner wrote extremist anti-US diatribe
(DBN)

The Biglaw Firm Where Associates Aren’t Complaining About Being Worked To The Bone
(DBN)

For Law Firms, Automation Could Be the Key to Millennials' Heart
(DBN)

How My Law Practice Survived A Difficult Pregnancy
(DBN)

A Chief of Staff Can Take Your Law Firm’s Productivity to the Next Level
(DBN)

Enough Is Enough: Black Millennials Are Fed Up
(DBN)

Is Guaranteed Compensation a Savvy Lateral Lure or an Unnecessary Risk?
(DBN)

Admissions Scandal at Texas Southern Law School Leads to President's Ouster
(DBN)

What Stands in the Way of Modernizing Legal Services? It Depends on Whom You Ask
(DBN)

Lawyers vote Shearman & Sterling best for career development
(DBN)

I Asked 2 Million Professionals About Remote Working — Here Are Their Top 14 Hacks
(DBN)

Bill Barr’s Not Letting A Little Thing Like Law Enforcement Interfere With Trump’s Reelection
(DBN)

Trump's done with impeachment. Here are his next legal challenges.
(DBN)

Harvey Weinstein’s trial reveals the trauma of testifying Prosecution Rests Case Against Weinstein
(DBN)

Lawyers for Trump and Stormy Daniels face off in court over libel suit Stormy Daniels Lobbies Ninth Circuit to Revive Suit Against Trump
(DBN)

Judge Blocks Trump Admin Immigration Policy: the Court Will 'Hold It Unlawful and Set It Aside'
(DBN)

Matt Gaetz Absurdly Requests ‘Criminal Referral’ Against Pelosi for Ripping Up Trump's Speech
(DBN)

Carlos Ghosn: With Wealth Equal Justice Under the Law Means Nothing
(DBN)

Snogs and catfights at firms rated OK for careers
(DBN)

Lawyer sends magnificently boastful newsletter
(DBN)

Dentist Fined by Wyoming Court for Unauthorized Practice of Law
(DBN)

Tx. Mayors to Guv: More Refugees, Please
(DBN)

Man burns $1M in bonfires to avoid paying ex-wife
(DBN)

Man trying to save neighbor in dog attack accidentally kills him with crossbow
(DBN)

Mother Says School District Called Police After 6-Year-Old Daughter With Down Syndrome Pretended To Shoot Teacher With Finger
(DBN)

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Judges:

Impeachment is over, but Trump and Chief Justice Roberts aren't done with each other
(DBN)

‘Serious’ Judicial Misconduct Prompts House to Question Reforms
(DBN)

Trump Allies 'Openly' Talk About Jay Sekulow Being 'Rewarded' with Supreme Court Nomination
(DBN)

Judge allegedly asked why ‘Aunt Jemima’ was put on the jury, spurring his reassignment
(DBN)

El Paso Walmart Mass Shooting Suspect Charged with Federal Hate Crimes: Report
(DBN)

Audit of GOP Sen. Josh Hawley’s Time as AG Finds ‘Appearance of Impropriety,’ Private Email Use
(DBN)

Language lecture is among Supreme Court chief justice’s greatest impeachment trial moments
(DBN)

Courts are the next front in Trump's battle over presidential powers
(DBN)

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Wall Street:

US futures point to a pullback at the open, ending a four-day winning streak
(DBN)

Dow rises more than 80 points to a record as Wall Street extends winning streak to four days
(DBN)

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Layoffs:

US Bank to axe 62 jobs
(DBN)

Biddeford food processing plant to lay off 93
(DBN)

Beauty Retailer Birchbox Cuts 25% of Workforce to Reduce Costs
(DBN)

NKY manufacturer to lay off 114
(DBN)

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Politics:

Trump takes aim at Pelosi and Romney during National Prayer Breakfast At Least One Republican Still Knows Right From Wrong 'IT WAS ALL B-------': Trump uses the White House podium to deliver a wild, off-script campaign-style rant against Mueller, Democrats, and 'dirty cops' Trump's Post Impeachment Speech, Explained Trump is ready to take revenge and make Mitt Romney's life a living hell after the Utah senator voted for the president's removal Trump Surrogates Reportedly Urged to Ramp Up Attacks on Romney After Vote to Convict Pr0-Trump Media Eviscerates Mitt Republicans Rally Around Mitt Romney After Calls for His Expulsion from GOP Over Vote to Convict Trump Fox legal analyst: Trump was guilty as charged in impeachment trial — and ‘morally bankrupt’ Republicans ‘trashed’ the Constitution Napolitano: Trump's Acquittal A Legal Assault on Our Constitution Trump strikes a bitterly vindictive tone during National Prayer Breakfast speech Republicans privately say Trump is unfit for office but are too scared of the president's reaction, Democratic senator says in scathing op-ed The Senate’s decision to acquit Trump is even less democratic than you think 3 winners and 3 losers from the impeachment and acquittal of Donald Trump Here Come the Impeachment Aftershocks After acquittal, Trump unleashes fury at impeachment In 1999, Bill Clinton was 'humbled' by impeachment. Now, Donald Trump unloads on a 'phony, rotten deal.' Democrats stop Republican effort to admonish Pelosi for speech ripping
(DBN)

'Blatant Double Standard'? Trump Admin Giving Highly Secretive Hunter Biden Financial Records to Senate GOP
(DBN)

Trump is reportedly considering dismissing impeachment witness Lt. Col. Alexander Vindman as part of a broad effort to clean house after being acquitted
(DBN)

Fox News Internal 'Briefing Book' Admits Rudy Giuliani Spreads ‘Disinformation’ Fox News Criticized Its Own Guests for Spewing Lies About Ukraine
(DBN)

Trump is having his best week ever, and the Democrats just handed it to him on a plate
(DBN)

Trump's post-virus, pre-election boom
(DBN)

Finger pointing continues over Iowa app fiasco NBC News review of Iowa caucus vote finds potential errors, inconsistencies
(DBN)

Bernie Sanders declares victory in the Iowa caucuses moments after the DNC demands a recanvass of the results Satellite caucuses could put Bernie Sanders over the top in Iowa
(DBN)

Pete Buttigieg Gaining Quickly in New Hampshire as Bernie Sanders Stalls: Poll
(DBN)

Obama response to 2016 Russian election meddling had ‘many flaws,’ Senate report finds Obama Was Afraid to Investigate Russian Meddling Because of Trump’s ‘Rigged’ Election Claims
(DBN)

Warren-Supporting College Professor Accused of Anti-Semitic Attack on Bernie Sanders
(DBN)

How Biden Blew It
(DBN)

Trump's former Navy Secretary Richard Spencer will endorse Mike Bloomberg for president
(DBN)

Krugman: How Zombies Ate the G.O.P.’s Soul
(DBN)

How Trump's and Obama's Approval Ratings Compare
(DBN)

Trump Campaign Loses Fight to Force Ex-Staffer to Pay $50,000
(DBN)

An Unsettling New Theory: There Is No Swing Voter
(DBN)

Trump DHS Directive Targets His Enemies
(DBN)

Public Tilts to Favoring Congress to Influence U.S. Course
(DBN)

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Fraud:

Businessman admits $13M fraud linked to defunct Clifton Park-based MyPayrollHR
(DBN)

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Disasters:

Houston: Watson Grinding files for bankruptcy following massive explosion Houston explosion: Company files bankruptcy as it faces lawsuits
(DBN)

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Satellites:

Intelsat Reaches Deal With the FCC on C-Band Airwaves Intelsat, Satellite Rivals May Share $14.9 Billion for Airwaves Debt Tantrum From Space Forces U.S. Hand in 5G Race Satellite Firms Unimpressed With Pai's $9.7B Pitch for C-Band Spectrum
(DBN)

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Distressed Investing:

Lynn Tilton Loses Another Round in Bondholder Bankruptcy Brawl
(DBN)

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Religion:

RI attorney general to release report on clergy abuse claims
(DBN)

Minnesota archbishop deepening probe into Crookston bishop
(DBN)

Donald Trump Jr mocks Nancy Pelosi’s prayers with a biblical analogy – it hilariously backfires
(DBN)

Pope Francis Isn't Infallible on Economics
(DBN)

States use Catholic clergy abuse lists to screen applicants
(DBN)

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Mass Torts:

J&J ordered to pay US$750M in punitive damages over talc
(DBN)

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Economy:

New U.S. jobless claims fall 15,000 to 202,000 and return close to a 50-year low
(DBN)

U.S. productivity increases in 2019 at fastest pace in nine years — but gains might not last
(DBN)

Mnuchin Blames Boeing for GDP Miss? Wrong
(DBN)

Small-Business Owner Optimism Dips but Still Strong
(DBN)

Trump's Economy in Three Graphs
(DBN)

Top Countries by GDP and Economic Components (1970-2017)
(DBN)

Fiscal Policy Still Boosting the Economy, but Not For Long
(DBN)

Warren FactCheck: We have an America where … hard-working families have flat wages
(DBN)

U.S. likely added 164,000 jobs in January — but hiring in 2019 might not look as rosy
(DBN)

Ken Griffin Says Markets are Unprepared for Inflation
(DBN)

US Treasury yields slide ahead of jobs data
(DBN)

End of financial ‘Ice Age’ will take US interest rates below zero, strategist predicts
(DBN)

Wall Street bull Jim Paulsen sees the economy getting stronger but warns of coming pain
(DBN)

New High of 90% of Americans Satisfied With Personal Life
(DBN)

Trump's trade policies 'do not work': Former WTO head
(DBN)

U.S. Imports From China Dropped by $87 Billion in 2019
(DBN)

China to delay release of January trade data
(DBN)

EU Sees More U.S. Trade Talks After ‘Constructive’ Hogan Visit
(DBN)

U.S. jobs growth may be going to another level
(DBN)

15 jobs that have practically disappeared
(DBN)

U.S. Taxpayers Each Spent More Than $8,000 on Iraq War, For $2 Trillion Total
(DBN)

Visualizing the 700-Year Fall of Interest Rates
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

First Circuit Bankruptcy Panel Affirms “Gavel Rule” as Determinative of When a Bankruptcy Debtor’s Right of Redemption Terminates
(DBN)

Tips to Minimize Landlord’s Exposure When a Commercial Tenant Files Bankruptcy
(DBN)

Americans are equity-rich as home values rise
(DBN)

Las Vegas Real Estate in January: Sales up 25% YoY, Inventory down 29% YoY
(DBN)

Lucky’s Longmont landlord files objection in bankruptcy case
(DBN)

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Municipalities:

Puerto Rico bonds trade higher in wake of report of tentative deal
(DBN)

GO Bondholders Reportedly Reach Tentative Deal with Puerto Rico Fiscal Board
(DBN)

After Disasters, Puerto Ricans Are Left With $1.6 Billion in Unpaid Insurance Claims
(DBN)

White House threatens to veto House bill to aid Puerto Rico earthquake recovery
(DBN)

Class-Action Lawsuit Challenges Detroit's Asset Forfeiture Racket
(DBN)

High-Tax States’ Bonds Are So in Demand That Ratings Don’t Matter
(DBN)

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Oil/Gas:

Big Oil begins to broaden scope of its carbon emissions targets
(DBN)

Exxon Climate Law Firm Paul Weiss Target of Protest at Yale
(DBN)

Russia’s reluctance for a production cut exposes possible crack in three-year-old OPEC alliance
(DBN)

Energy Capital Pauses Pipeline Deals on Widening Shale Despair
(DBN)

Natural gas prices tumble to historic lows as one energy CEO quips: 'Send me an ice blizzard'
(DBN)

IMF Predicts Gloom for Gulf Oil States
(DBN)

NOV finishes year of losses $6.1 billion in the red National Oilwell Varco profit beats estimates as cost cuts pay off
(DBN)

Peak Shale Will Send Oil Prices Sky High
(DBN)

Oil Demand Under Siege As Airlines Cancel Over 50,000 Flights
(DBN)

The World’s Projected Energy Mix, 2018-2040
(DBN)

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Healthcare:

New task force aimed at keeping rural W.Va. hospitals open
(DBN)

Tri-State bankruptcy case cites mismanagement, lawsuits
(DBN)

China grows isolated as airlines cancel more than 46,000 flights amid coronavirus epidemic Mnuchin says he is monitoring how the coronavirus spreads and its potential to harm U.S. economy WHO warns coronavirus hasn't peaked Coronavirus speeds world's retreat into national shells Coronavirus death toll reaches 636 Coronavirus has Americans rushing to buy face masks. That isn’t necessary What happens next in the coronavirus outbreak? We mapped 8 scenarios Apple's plan to dramatically ramp up AirPods production is falling apart due to the coronavirus outbreak, according to Nikkei Virus Scare Empties Malls on World’s Priciest Shopping Strip Here's how 5 industry giants are warning coronavirus will harm operations in 2020 How China Keeps 1.4 Billion People Fed as Virus Disrupts Traffic Virus Pushes Robots to the Frontlines of Hospitals Virus Threat to Global Brands Gets Shrugged Off by Investors Thousands of Chinese doctors volunteered for the frontline of the coronavirus outbreak. They are overwhelmed, under-equipped, exhausted, and even dying How deadly is the new coronavirus? Research so far suggests the fatality rate could be low Doctor's death unleashes mourning, fury at Chinese officials The Coronavirus Outbreak Could Derail Xi Jinping’s Dreams of a Chinese Century When will the threat of coronavirus end? It might return every winter Chinese tech giant Baidu has made a maps app that shows the location of coronavirus patients Burberry's CEO says the coronavirus outbreak is having a 'material negative effect' on China demand Singapore raises risk alert to SARS level as coronavirus cases rise to 33 2020 Olympics Officials 'Extremely Worried' Coronavirus Outbreak May Hamper Games Oil and tourists: Middle East starts to feel pain from coronavirus crisis Asian Junk Debt’s Weak Fundamentals Harder to Ignore After Virus AI Predicts Coronavirus Could Infect 2.5 Billion And Kill 53 Million. Doctors Say That’s Not Credible, And Here’s Why More People on Quarantined Cruise Ship Diagnosed with Coronavirus
(DBN)

The Virus Killing U.S. Kids Isn’t the One Dominating the Headlines
(DBN)

Allen & Overy helps staff fight coronavirus with...a vitamin pill
(DBN)

Governors warn Trump rule could lead to big Medicaid cuts
(DBN)

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Cannabis:

Kentucky hemp, CBD giant bankruptcy is a 'black eye' for industry, congressman says CBD producer GenCanna files for bankruptcy GenCanna Global Files Chapter 11 With $10MM DIP From MGG Investment Group
(DBN)

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Fraud:

Victims of Bernie Madoff's Ponzi scheme say the 81-year-old's early prison release request should be denied
(DBN)

Ex-Pimco CEO Douglas Hodge Cites Giving, Seeks Leniency in College Case
(DBN)

MyPayrollHR fiasco: Banks blame friendship between Michael Mann, Pioneer executive for debacle
(DBN)

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Student Debt:

3 reasons I didn't go on an income-driven repayment plan to pay my student loans, even though I would have qualified
(DBN)

Student Loan Refinancing Just Got Incredibly Cheap
(DBN)

Student loan debt driving students to drop out
(DBN)

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Utilities:

PG&E Has a Survival Plan, and Newsom Has Plan B: A Takeover
(DBN)

Another flawed PG&E power line operating near Camp Fire site, victims' lawyers say PG&E Power Line Hooks Were Wrapped in Tape, Fire Victims Say
(DBN)

Sixth Circuit Considers Rejection of a Filed Power Purchase Agreement
(DBN)

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Coal:

There’s No Promised Land for Coal, in Australia or America
(DBN)

Interior Allows for Coal Mining in Former Utah Monument Land
(DBN)

A tale of two coals as utilities face diverging futures under German phaseout
(DBN)

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Autos:

Negative auto equity has doubled in 10 years
(DBN)

Audi recalls 107K US vehicles for new Takata air bag problem
(DBN)

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Wind:

After Three Record Breaking Years, Is The U.S. Wind Energy Boom Over?
(DBN)

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Food/Beverage:

Bryn and Dane’s, a fast-casual restaurant chain, files for bankruptcy protection
(DBN)

Tuna Tales: The Antitrust Tsunami
(DBN)

Not-So-Sweet Candy Chain Ch. 11 Sale OK’d In Del.
(DBN)

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Banking:

The CEO of Credit Suisse resigned after an executive-level spying scandal engulfed the bank
(DBN)

Feds Finally Crack Down on Wells Fargo
(DBN)

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New Bankruptcy Opinions
(4 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (26 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (7 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:

Commercial Chapter 11 Filings Jumped 72% in January Y/Y
(DBN)

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Advisers:

Bankruptcy Judge Is Really Rather Sick Of Nitpicking Over The Intricacies Of Bankruptcy Law
(DBN)

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Automatic Stay:

Redeeming Repossession
(DBN)

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Extraterritoriality:

How Foreign is Too Foreign?
(DBN)

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Cross-Border:

The High Burden to Satisfy Standard of Chapter 15
(DBN)

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Avoidance Actions:

Lender Primes Trustee in Seventh Circuit
(DBN)

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Professional Compensation:

Bankruptcy Court Denies Motion for Fee Enhancement Under 'Common Fund Doctrine'
(DBN)

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Safe Harbors:

The “Customer” Argument: An Expansion of the Section 546(e) Safe Harbor?
(DBN)

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Small Business:

A Strategy for Reorganizing Medium-Size Businesses With Too Much Debt For The Small Business Reorganization Act
(DBN)

Chapter 11’s New Subchapter V: What You Need to Know About the SBRA
(DBN)

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D&O:

McKesson Opioid-Related Derivative Suit Settles for $175 Million
(DBN)

Key 2019 Management and Professional Liability Insurance Coverage Decisions
(DBN)

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Miscellaneous:

Rochelle
(DBN)

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Arbitration:

Have Lawyers Ruined Arbitration?
(DBN)

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Appeals:

Supreme Court Holds that Order Unreservedly Denying Relief from Automatic Stay is Final and Appealable
(DBN)

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Retailing:

This is how much money Earth Fare owes some of its biggest creditors
(DBN)

Bankruptcy Wave Hits Whole Foods Competitors
(DBN)

The toy category still hasn't recovered from the death of Toys R Us
(DBN)

50 stores you once loved that don't exist anymore
(DBN)

Why the ‘Closed’ sign is showing up at familiar stores
(DBN)

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Guns:

Gun Wholesalers Are Going Out of Business, Despite Record Sales
(DBN)

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Travel:

New Yorkers, Travel Industry Slam Trump’s Global-Entry Halt
(DBN)

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Dairy:

Saputo Canadian Closures Show How Much Dairy Industry Is Hurting
(DBN)

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Aviation:

New 737 Max software flaw found during tests; Boeing sticks to return timeline
(DBN)

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Taxis:

Uber Lost $8.5 Billion in 2019 Uber grows customers and revenues, but net loss widens Uber shares spike as company says it will reach a key profitability goal sooner than expected
(DBN)

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Climate:

Heat Spikes Are Contributing to a Massive Die-Off of Wild Bumble Bees Bumblebee Decline Points to Extinction
(DBN)

Biggest Rainfall in 20 Years Put Out Wildfires
(DBN)

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Fitness:

‘ClassPass Is Squeezing Studios to the Point of Death’
(DBN)

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Sovereigns:

The Bajan Debt Restructuring - 2018-19
(DBN)

Elliott Rocks (Strikes?) Again
(DBN)

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UK:

Directors of bust companies warned not to buy back undervalued assets
(DBN)

UK to 'drive hard bargain' as it seeks far-reaching US trade deal
(DBN)

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PIIGS:

Monte dei Paschi posts Q4 loss, fails to meet restructuring plan goals
(DBN)

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Canada:

A Divided Court: ONSC Sets Stage for Ruling on Admissibility of New Expert Evidence on Appeals from UNCITRAL Arbitrations
(DBN)

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MENA:

Foreign Bondholders Join Lebanese Debt Restructuring Chorus
(DBN)

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Venezuela:

Venezuela rounds up US oil executives as Guaidó visits DC
(DBN)

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South Africa:

Another state-owned airline to undergo bankruptcy protection
(DBN)

South African Airways cuts foreign, local routes to stay afloat SAA to scrap all domestic routes apart from Joburg, Cape Town
(DBN)

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Australia:

Businesses struggling to pay creditors jump 29pc
(DBN)

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India:

Amendment To The Liquidation Process: Tightening Of Norms
(DBN)

Pre-packaged Insolvency in India: Lessons from USA and UK
(DBN)

As Liquidation Threat Looms, Jet Airways Bidders Still Not Ready
(DBN)

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Brazil:

Brazilian Bankruptcy Filings Drop 29.6 Percent in January
(DBN)

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Germany:

Shocking drop for German industrial production in December
(DBN)

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Kazakhstan:

Amended Kazakh bankruptcy law: Insolvency proceedings have been simplified
(DBN)

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