August 1, 2019

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Struggling LeClairRyan faces suits over closed office, alleged gender bias Struggling Biglaw Firm Begins The Process Of Dissolution Problems Pile On For Struggling Biglaw Firm LeClairRyan Takes Steps to Dissolve as Its Lawyers Seek New Homes
(DBN)

2 bright spots in law-grad hiring: more BigLaw jobs, higher rate of JD-required employment Job Market For Law School Grads Is The Best We’ve Seen In 10 Years
(DBN)

Open Letter From Dentons Partner: Mental Health Crisis Requires Rethinking Firm Business Models
(DBN)

Want A Job At Cravath? Maybe You Should Check Out These Law Schools
(DBN)

The Case for Client-Facing Legal Sales Professionals
(DBN)

Max Duncan lost $6 million investing in litigation. Now he’s blaming his ex-lawyers
(DBN)

Jenner & Block Latest Firm to Roll Out Preferred Pronoun Policy
(DBN)

Manatt Sued for Malpractice By Former Client
(DBN)

I bought a Gucci handbag and pretended to like rugby in a bid to fit in with my magic circle peers
(DBN)

Former Baker McKenzie London chief faces prosecution for alleged sexual misconduct
(DBN)

Jones Day Pro Bono Clients Sue Firm, Call Work ‘Fiasco’
(DBN)

Why Can’t Anyone Give Us A Straight Answer About Average Law School Student Loan Debt?
(DBN)

California Bans Bar Examiners From Asking Law School Grads About Their Mental Health
(DBN)

Ethics fix can stop CEOs from acting like sociopaths, former BigLaw lawyer says
(DBN)

Eating Disorders Took My Daughter And Changed My View Of Lawyer Wellness
(DBN)

A Reckoning For Mental Health In The Legal Profession
(DBN)

Texas Litigation Funder Sues Baker Donelson Over Dispute With Plaintiffs Firm
(DBN)

House Judiciary and DOJ agree to timeline for Mueller grand jury petition
(DBN)

Judge tosses Democratic party lawsuit against Trump campaign, Russia, WikiLeaks
(DBN)

Jeffrey Epstein reportedly told prominent scientists he wanted to impregnate 20 women at a time at his New Mexico ranch in order to 'seed the human race with his DNA' Epstein Trial Will Have a Million Pages of Evidence, Lawyers Tell Court Jeffrey Epstein’s Lawyers Say They Need Year to Review Documents Trump and Epstein partied together. Then a Palm Beach mansion came between them Jeffrey Epstein became an FBI informant to secure sweetheart deal
(DBN)

A lawyer for R. Kelly called his alleged victims 'disgruntled groupies' in a court filing
(DBN)

Why Is David Boies Bothering to Sue Alan Dershowitz?
(DBN)

Harvard Law Profs Clash Over California Law Aimed at Trump’s Tax Returns
(DBN)

FBI Went to Comey's House to Retrieve Memo
(DBN)

US uses loophole to split up immigrant families after judge’s order to halt separations, ACLU says Asylum Seekers’ Suit Against Federal Government Continues in California Flood of illegal migrants to the border outpaces last two years with 1.1M expected in fiscal year 2019 To deter migrants, Trump administration pushes elaborate scaffolding at the border and on the books
(DBN)

If Trump Were an Immigrant, the U.S. Might Not Let Him In
(DBN)

Man learns mom’s body was sold to US military for ‘blast testing’
(DBN)

Former Attorney General Released From Prison
(DBN)

‘A Watershed Moment’ for Bail Reform in Harris County
(DBN)

Sorry, you’re not getting $125 from the Equifax settlement, FTC says
(DBN)

Could a lawyer shortage compromise Vermont's criminal justice system?
(DBN)

'You're gonna kill me!': Body camera footage show police restraining man in his final moments
(DBN)

Ex-Big Law Attorney Opens Luxury Hamptons Retreat
(DBN)

Alleged Spanish Hit-Man Contract and Resumé Translated
(DBN)

Trump orders Navy to rescind medals from prosecutors in SEAL trial
(DBN)

Lawyer who tried to steal mobile phones at airport disbarred
(DBN)

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Judges:

Sometimes It’s Fine To Use Humor In Judicial Opinions
(DBN)

Trump Nominee Who Clerked for Kavanaugh Grilled Over Inexperience
(DBN)

Trump Female LGBT Judicial Nominee Advances in Senate Female LGBT Nominee Confirmed, Senate Accelerates Judicial Push
(DBN)

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Wall Street:

Dow futures muted after Fed cools expectations of further rate cuts
(DBN)

Dow decline steepens, now down 470 points after Powell hints rate cut not the start of a trend
(DBN)

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Layoffs:

IBM reportedly axed as many as 100,000 employees in recent years because it wanted to appear as 'cool' and 'trendy' as Amazon or Google
(DBN)

Gawker staff laid off as website's relaunch pushed back
(DBN)

IFB Solutions Cutting 137 Jobs
(DBN)

Shelby County plant laying off nearly 200 employees
(DBN)

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Pharma:

Trump is exploring ways to let the US import cheaper prescription drugs from Canada and other countries Importation isn't a silver bullet to lower drug prices
(DBN)

Arizona sues Sackler family at Supreme Court, alleging effort to avoid payouts over opioid crisis
(DBN)

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Credit Reporting:

FTC: Equifax might run out of cash, so please take the credit monitoring
(DBN)

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Festivals:

Woodstock 50 is Officially Dead
(DBN)

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Food/Beverage:

Restaurant group that owns ‘Babalu’ files for bankruptcy
(DBN)

Elite Restaurant Group acquires Gigi’s Cupcakes franchise out of bankruptcy
(DBN)

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Religion:

Sex abuse lawsuits will strain finances of New York's Catholic dioceses
(DBN)

Still for sale: Former Accion Hotel site visit in archdiocese's bankruptcy case
(DBN)

Law firm to release names of more than 300 clerics accused of child sexual abuse
(DBN)

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Music:

No Bankruptcy, No Refunds, No Liability — PledgeMusic Files Wind Up Order, Absolving Executives of Any and All Wrongdoing
(DBN)

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Logistics:

Logistics Firm Syncreon Files Ch. 15 In Del. With $1.1B In Debt
(DBN)

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Publishing:

Why Ebony Magazine’s Archives Were Saved
(DBN)

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Healthcare:

Frisco diagnostic firm lays off workers, files for bankruptcy after feds yank payments
(DBN)

On the Auction Block: True Health Group
(DBN)

Closing a hospital now more difficult in Illinois
(DBN)

Injecting yourself with dog insulin? Just a normal day in America
(DBN)

Why Won’t Democrats Blame Hospitals?
(DBN)

The messy health care discussion at the second Democratic debate, explained
(DBN)

____________

Economy:

The Fed has enabled an army of debt-laden 'zombie' companies — and its expected rate cut could make the situation even worse
(DBN)

Fed Cuts Rate by a Quarter Point, Cites 'Global Developments,' 'Muted Inflation' FOMC Statement: 25bp Decrease Fed Chief Powell says rate move was a ‘midcycle adjustment,’ hinting more cuts not a guarantee Powell is ‘confusing’ the markets about Fed intentions, but a new cut is expected If the US economy is in good shape, why is the Federal Reserve cutting interest rates? Powell says Fed will never move rates because of political factors or to prove its independence Dow drops 330 points in worst day since May after Powell hints rate cut not the start of a trend The two words from Jerome Powell that rocked the financial markets Two Fed officials disagree with decision to cut interest rates How the Fed sets interest rates — and why it matters How the Fed and Jerome Powell sent shockwaves through financial markets Wall Street Blasts Fed for Rate Cut Trump blasts Fed Chairman Powell even after getting the interest rate cut the president has been demanding for months
(DBN)

Negative-Yielding Debt Pile Hits Record $14 Trillion as Fed Cuts
(DBN)

Private Debt Boom Exposes the Dark Side of Rate Cuts
(DBN)

Chicago PMI "Softens to 44.4 in July"
(DBN)

U.S. Record Debt Sales Continue as Deficits Head to $1 Trillion
(DBN)

American Wealth Is Broken
(DBN)

ADP: Private Employment increased 156,000 in July
(DBN)

The shrinking working-age population
(DBN)

Moderate Democrats don't have the guts to do what it takes to beat China in a tech war
(DBN)

Why small businesses could be the biggest losers in Trump's trade war Gary Cohn: Tariffs Backfiring on US
(DBN)

What Happens When the World’s Population Stops Growing?
(DBN)

Poll: Less than half of students say US is most powerful country
(DBN)

The 28 richest American families, ranked
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Exclusivity and Tenant Mix: The Case of the Missing Shopping Center
(DBN)

Stearns Holdings Beats Justice Objection to Hiring Skadden
(DBN)

Commercial Real Estate in Dangerous Bubble
(DBN)

Fannie Mae: Mortgage Serious Delinquency Rate Unchanged in June Serious Delinquency Rates on Single Family Home Mortgages Since 1998
(DBN)

Zillow Case-Shiller Forecast: Mostly Lower YoY Price Gains in June compared to May
(DBN)

Rental Applicant Credit Quality Improves Nationwide for Fifth Consecutive Year According to CoreLogic Report
(DBN)

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


The 20 best cities for millennials who want to buy a home, where housing is affordable and jobs are strong
(DBN)

Young people are putting off buying homes because of student loans
(DBN)

Efforts to sell bankrupt San Antonio office complex near an end
(DBN)

22 firms related to Central Florida hotel investor file for Ch. 11 bankruptcy protection
(DBN)

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Municipalities:

Puerto Rico Lawmakers Set to Tangle Over Governor’s Successor
(DBN)

Despite nomination, Pierluisi confirmation in doubt
(DBN)

Opposition in legislature, streets to Puerto Rico governor's pick for successor
(DBN)

Puerto Rico’s Time Is Running Out Amid Succession Crisis
(DBN)

Puerto Rico finally ‘woke up.’ What happens next?
(DBN)

Puerto Rico braces for clashes over island’s next governor
(DBN)

Outgoing Puerto Rico governor makes several appointments
(DBN)

IEEFA update: Puerto Rico at a crossroads
(DBN)

Aerial photos show that tens of thousands of water bottles intended for Puerto Rico hurricane victims have been lying in a field
(DBN)

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Oil/Gas:

Bakken Oil Boom Faces New Bottleneck
(DBN)

It's time for Texas oil and gas to even the odds
(DBN)

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Personal Finance:

Here’s what that Fed rate cut means for your finances
(DBN)

____________

Politics:

4 big takeaways from Night 2 of the second Democratic debates 13 big takeaways from the second night of the 2020 Democratic presidential debates in Detroit Democratic Debate Night 2: Fact-checking candidates' claims 4 winners and 3 losers from the second night of the July Democratic debates 5 Revelations from the Biden Pile-On The winners of Democrats’ two-night debate extravaganza Here are the top moments from night two of the second Democratic debate How Badly Did Kamala Harris Stumble at the Democratic Debate? Democratic debate transcript: July 31, 2019 Laid-off Blackjewel coal miners continue to block train as protest for back pay AP Fact Check: Dems gloss over econ, migrant complexities Cory Booker Exposed a Key Biden Weakness Biden stumbles over statistics, phrases, and titles in 2020 debate Joe Biden Gave Out A Bizarre Website At The Debate And People Were Very Confused Biden Isn’t the Only One Trying to Have It Both Ways on Obama Booker to Biden: "You invoke Obama more than anybody in this campaign" Democrats Blasted Obama More than Trump What Biden doesn’t get about immigration Bennet Steals the Moment From Harris and Biden on School Segregation Gabbard vs. Harris: You Kept Prisoners Locked Up For Labor, Blocked Evidence That Would Free Man On Death Row Debates are great for candidates like Andrew Yang but bad for candidates like Joe Biden Kirsten Gillibrand Targets Biden’s Views on Women Here are the winners and losers of night two of the 2020 Democratic presidential debates in Detroit The Most Bonkers Phrase From CNN’s Presidential Debate What Biden meant to say in his bungled debate closing statement Protesters hit Democratic debate: 'I can't breathe' chants interrupt NYC mayor Bill de Blasio Shade? Kamala Harris calls Joe Biden 'senator' after he addressed her as 'kid' Trump fires off some half-truths and blames Obama's immigration policy during 2020 Democratic debate Joe Biden mangled his campaign’s web address at the end of the Democratic debate — and then Pete Buttigieg's campaign bought the domain name Gabbard Tells Kamala Harris She Was a Dirty Prosecutor Did Kamala Block Exculpatory Evidence?
(DBN)

Warren Buries Some Inconvenient Truths
(DBN)

In swing state Michigan, 2020 Democrats mostly ignore a key piece of Trump’s trade agenda
(DBN)

Democrats aren’t going to win working-class voters this way, says labor union president
(DBN)

Trump is reportedly worried that Fox News is being taken over by liberals trying to undermine him, as his war on the network escalates
(DBN)

8.7 million watched Night 1 of second Democratic debate
(DBN)

Half House Dems now support impeachment
(DBN)

Trump Sends Top U.S. Hostage Negotiator to Attend A$AP Rocky Assault Trial In Sweden
(DBN)

The Senate confirms Kelly Craft as the new UN ambassador Trump's New Pick for UN Ambassador was 'Gold-Level Member' at the Trump International Hotel
(DBN)

Senate Democrats' request to probe WH security clearances rejected by watchdog
(DBN)

“Have We No Decency?”: National Cathedral questions Americans’ silence over Trump’s racism
(DBN)

Here’s how socialism went mainstream in American politics
(DBN)

What Trump mocked in Baltimore is America
(DBN)

Trump Is in an Abusive Relationship With America
(DBN)

Tom Barrack Snagged Saudi Money After Trump Transition Meetings
(DBN)

____________

Climate:

BoE's Carney Warns of Bankruptcy for Firms That Ignore Climate Change
(DBN)

Andrew Yang urges Americans to move to higher ground because response to climate change is ‘too late’
(DBN)

____________

Skiing:

Vermont ski club assets to be sold under Chapter 7 bankruptcy
(DBN)

____________

Crypto:

Court approves $1.1 million in fees for accountants, lawyers in QuadrigaCX collapse
(DBN)

____________

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 (18 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (8 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)

______________

Consignments:

Consignments: The Sports Authority Cases, Article 9 and the PEB
(DBN)

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Student Debt:

5th Circ. Defends Difficulty Of Discharging Student Loans
(DBN)

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Advisors:

Alix Can't Reopen Telecom Ch. 11 To Probe Rival McKinsey
(DBN)

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Miscellaneous:

July 2019 - Recent Developments in Bankruptcy Law Update
(DBN)

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Cross-Border:

New Chapter 15 Bankruptcy Filing – syncreon Automotive (UK) Ltd.
(DBN)

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Discharge:

BAP affirms award of attorneys fees to debtor after defense of 523(a)(2) action
(DBN)

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Retailing:

The biggest mall owner in the US could save retailers on the cusp of going out of business Simon Says It Hopes To Save Struggling Mall Retailers
(DBN)

Bankrupt retailer Gymboree in deal to give headquarters lease to Juul
(DBN)

Once a shrine to a retailer’s brand, ‘flagships’ lose lustre
(DBN)

Nordstrom soars on report that its namesake family wants to own a greater stake
(DBN)

____________

Non-Profits:

NRA May Be Shooting Itself In The Foot With Out-Of-Control Legal Bills
(DBN)

Ethical Concerns on NRA Outside Counsel
(DBN)

____________

Electricity:

PG&E pushes back on WSJ investigation
(DBN)

PG&E says it 'strongly disagrees' delayed maintenance played role in Camp Fire
(DBN)

____________

Aviation:

New Details on Fatal Boeing 737 Max Crash
(DBN)

Suspected drunk Delta pilot arrested just before flight
(DBN)

____________

Movie Theaters:

IPic Entertainment warns of a possible bankruptcy
(DBN)

Why bankruptcy may be iPic's best option
(DBN)

____________

Coal:

Wyoming Coal Company Bankruptcy Auction Pushed Back a Week
(DBN)

Attorney: Bankruptcy a "scheme to beat the miners out of their pay"
(DBN)

‘I’m not going back.’ For many, this coal company’s bankruptcy is unbearable.
(DBN)

Blackjewel coal company did not have bond for miners' wages
(DBN)

This law protects Kentucky coal miners from cold paychecks. Blackjewel didn’t comply.
(DBN)

Auction set for bankrupt coal producer Blackjewel’s assets
(DBN)

Campbell County objects to Blackjewel sale
(DBN)

____________

Fraud:

July 2019 Ponzi Scheme Roundup
(DBN)

“Morally bankrupt” orchestrator of Ponzi scheme Madison Financial Services gets prison sentence
(DBN)

To Cheat and Lie in L.A.: How the College-Admissions Scandal Ensnared the Richest Families in Southern California
(DBN)

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Autos:

One year later: Timeline of RDAG bankruptcy and legal action
(DBN)

____________

Agribusiness:

Trump Fails Farmers
(DBN)

____________

UK:

Insolvency Round-up: 4 Cases
(DBN)

Q2 2019 insolvency statistics – R3 response
(DBN)

Prepare for a no deal Brexit or prepare to fail? Practical steps for UK businesses
(DBN)

No-Deal Brexit Risks $4.2 Billion Loss to British Legal Industry
(DBN)

Pound Pushed Toward Historic Low as Investors Worry Over Brexit
(DBN)

Deteriorating finances forced hundreds of Derbyshire residents into insolvency last year
(DBN)

Threat of possible expulsion from Football League still hanging over Bury
(DBN)

Why Leaving the EU Could Mean Britain Loses Scotland
(DBN)

Johnson's government is spending billions of pounds extra on no-deal planning as opponents brand it an 'appalling waste'
(DBN)

Bank of England says rate rises would be appropriate if Brexit smooth, global economy recovers
(DBN)

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PIIGS:

Eleven Years Later, Mortgage 'Tsunami' Hits Ireland; Residents Protest Vulture Funds
(DBN)

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Bulgaria:

Ombudsman Maya Manolova: Personal bankruptcy law will encourage enterprising Bulgarians
(DBN)

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India:

Tycoon’s Death in a River Lays Bare India’s Mounting Debt Crisis
(DBN)

Insolvency law amendments to ensure greater timeliness: Sitharaman
(DBN)

Jaypee homebuyers still hoping for dream houses
(DBN)

Jet Airways lenders to meet today; decide on bid evaluation criteria
(DBN)

____________

MENA:

US Sanctions Iran's Top Diplomat The Confusing Sanctions Against Iran’s Foreign Minister
(DBN)

____________

Australia:

Developer Ralan Group Collapses, Creditors in the Red $500m Does this large property developer collapse signal the start of a recession?
(DBN)

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