August 15, 2019

The Daily Bankruptcy News

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Law:

Couple Sues Law Firm Over Parental Leave, Wages and a Firing: "What would a man do on parental leave — watch his wife unload the dishwasher?" Ex-SCOTUS Clerks Sue Jones Day, Alleging Anti-Male Bias Jones Day Hit Again - "Mark C. Savignac, Julia Sheketoff v. Jones Day, Stephen J. Brogan, Beth Heifetz"
(DBN)

Rivals Scoop Up LeClairRyan Lawyers as Clock Ticks on Dissolution, Insurance Coverage
(DBN)

Comprehensive picture of the US legal profession
(DBN)

Plaintiff Backs Out Of Gender Discrimination Lawsuit Against Jones Day Rather Than Reveal Her Name
(DBN)

Bankruptcy Litigator Edmund S. Whitson III Joins Adams and Reese
(DBN)

Suit allowed over website's bankruptcy-lawyer ban
(DBN)

Did BigLaw arbitration agreement include a ‘firm always wins’ clause? Battle unfolds in SCOTUS briefs
(DBN)

GCs Explain Why Legal Panels Are Slimming Down
(DBN)

Legal secretary’s sex harassment suit claims BigLaw partner said, 'You need a sugar daddy' Biglaw Sexual Harassment Lawsuit Alleges Partner Wanted To Be ‘Sugar Daddy’ "Jessica Correa v. Troutman Sanders" - BigBranding Implications of The Sugar Daddy Lawsuit
(DBN)

"Tirschwell v. TCS, et al." - Play-Out of #MeToo on Wall Street or Office Romance Gone Wrong?
(DBN)

Firms Are Embracing the Cloud, But Did Clients Get the Memo?
(DBN)

Lawsuit Alleges Jones Day Doctored Firm Picture To Make Attorney Look More Caucasian
(DBN)

How Drama Is Helping Dechert Shrink Its Gender Gap
(DBN)

How experiential learning in law schools became widely accepted
(DBN)

Is The Prospect Of Being A Partner In Name Only Driving Lawyers From Biglaw To Boutiques?
(DBN)

Judge Ketanji Brown Jackson Makes Her Mueller-Arena Debut With McGahn Case
(DBN)

Prospective Greg Craig Jurors Are Pressed About Any Mueller Bias
(DBN)

Jeffrey Epstein accuser Jennifer Araoz sues ‘enablers’ Ghislaine Maxwell, 3 others Tech CEO denies report of Epstein's alleged madame living in his home Autopsy Found Broken Bones in Epstein Neck A look inside Jeffrey Epstein's real-estate portfolio Jeffrey Epstein Drops Sick Burn On Hedge Funders From Beyond The Grave Jeffrey Epstein’s Death: What Happens When A Defendant Dies? Ghislaine Maxwell Has Been Found Barr Should Recuse Himself on Epstein Case This alleged Jeffrey Epstein rape victim couldn't sue. A new law changed that French child protection group calls on prosecutors to open investigation into Jeffrey Epstein's activities in France Civil Litigation Is Complicated by Jeffrey Epstein's Death, Mysterious Estate Jeffrey Epstein's Former Business Associate: I Want To Assist Victims Body claimed by unidentified 'associate'
(DBN)

Alan Dershowitz mock trial on child trafficking in the Bible canceled after Epstein suicide
(DBN)

'No Blame?' 36 cases invoking 'Trump' in connection with violence, threats, alleged assaults.
(DBN)

Trump’s Latest Proposal Would Let Businesses Discriminate Based On LGBTQ Status, Race, Religion, And More
(DBN)

Trump Mocks Suit Over ‘Emoluments’ Because It’s A Little-Known Word
(DBN)

FactCheck: Law-abiding gun owners stop crimes "2.5 million times a year," according to the federal Centers for Disease Control.
(DBN)

Trump Immigration Plan Offers a Ticket to the American Dream. The Poor Need Not Apply Immigrants Citing ‘Horrific Conditions’ in Texas Sue for Release She Spent Her Fortune Keeping Migrants Out Trump administration defends treatment of migrant children amid backlash to D.C. shelter Statue of Liberty shown cuffed and arrested by immigration officials in new mural Wife of former Marine to be deported to Mexico Friday, after 20 years in U.S.
(DBN)

What is Trump Planning for the Census?
(DBN)

FBI Probes San Antonio ICE Shootings
(DBN)

'We die together': Man sent woman 10,000 texts in 12 days, police say
(DBN)

Teen behind online threat to 'shoot every federal agent in sight' had 10,000 rounds of ammo in house, feds say
(DBN)

Walmart CEO says there should be a discussion about the reauthorization of the assault weapons ban
(DBN)

After El Paso Shooting, Suburban Houston Voters Reexamine Their Own Views On Guns His Only Relative Died In El Paso. Now, Her Funeral May Draw Hundreds Of Strangers
(DBN)

After decriminalization, pot smell and joint didn’t justify search
(DBN)

White Mississippi sheriff calls lawmaker ‘worse than a black person’
(DBN)

Guy Suing His Son For Using His Own Name Manages To Win TRO
(DBN)

Police: Motorist was playing Pokeman Go on 8 phones simultaneously
(DBN)

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Judges:

Florida Bankruptcy Judge Should Have Recused Himself When Litigant Hired His Fiance's Firm
(DBN)

Judge resigns amid charges of failing to act impartially
(DBN)

40 Years Later, Pioneering Women Judges Savor Place in History
(DBN)

Former Ohio judge who wrongly defined rape, made demeaning comments gets suspension
(DBN)

'Old MacDonald’ Had A Tort Claim: Judge Remixes Nursery Rhymes for Bar Prep
(DBN)

SCOTUS - Power Could Be Put In Play
(DBN)

Sanction: Texas Judge Interfered in Cases to Help His Ex-Court Coordinator, Who's Now District Clerk
(DBN)

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Wall Street:

Dow futures turn higher, now up more than 80 points as Walmart shares jump
(DBN)

Asian, European Stocks Mixed After Recession Jitters Spark Sell-Off On Wall Street
(DBN)

Dow closes down 800 points as flashing recession signal rattles stock market
(DBN)

After the yield curve inverts — here’s how the stock market tends to perform since 1978
(DBN)

Stocks plunge as traders brace for a German recession and global economic turmoil The yield curve inverted, and that means stocks are living on ‘borrowed time’
(DBN)

Financial stocks led by Citigroup enter correction, down 10% from highs, on yield curve concern
(DBN)

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Layoffs:

PES to begin laying off union refinery workers on Thursday -sources
(DBN)

Machines Replace a Third of Workforce at Giant Copper Mine
(DBN)

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Retailing:

Department store stocks plummet on the heels of Macy’s dismal earnings Macy’s shares tank as deep discounting leads to big earnings miss, cut forecast Macy's posts 48% drop in profit Macy’s Turnaround Hits Harsh Retail Reality Macy’s Needs No Help to Fall Flat on Its Face
(DBN)

Macy’s is doing all the right things—except being in a mall, analyst says
(DBN)

Macy’s results indicate that the retail environment is worse than we thought, analysts say Macy’s Lackluster Q2 Hints At Troubled Future For Department Stores
(DBN)

Retail stocks hit decade lows on the heels of Macy’s dismal earnings
(DBN)

Party City is closing 55 stores
(DBN)

Beverly Hills Suffers Shopping Slump Amid Trump-China Trade War
(DBN)

Overstock plunges for a third straight day after CEO comments on ‘Deep State’ Overstock CEO spins an insane Russian-spy drama, with himself as the star
(DBN)

Life After Bankruptcy: What’s Next for Barneys New York?
(DBN)

Women’s Retailer Avenue Closing All 222 Stores in 33 States Confirmed—Avenue Stores to close all locations
(DBN)

Trump's Christmas miracle is cold comfort for retailers
(DBN)

A gang member's mother worked in the U.S. attorney's office. Now she's accused of outing 'snitches.'
(DBN)

Another fashion store bust: Maison Martin Margiela closes
(DBN)

More than 8,000 stores are closing in 2019 as the retail apocalypse drags on — here's the full list
(DBN)

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Politics:

Biden tops Democratic field by 19 points in new South Carolina poll
(DBN)

Biden just 1 point ahead of Warren in new weekly tracking poll
(DBN)

As 2020 race heats up, growing worries Warren and Sanders will split leftist vote
(DBN)

Fox News Poll: Trump Disapproval Rises
(DBN)

Trump has turned the government against the middle class
(DBN)

Americans are Sad About Politics
(DBN)

Scaramucci accuses Trump of ‘mentally declining,’ which the White House says is ‘ridiculous.’
(DBN)

Trump’s made many foreign policy mistakes — but there have been presidents who have been much worse: Paul Brandus
(DBN)

Steve King: "Would there be any population" without rape or incest? Rep. Steve King says rape and incest needed for humanity's survival King defends abortion ban with no rape, incest exceptions What is Wrong with This Man? Why Democrats May Not Want Steve King to Resign
(DBN)

The Fredo flap and the nuances of an insult
(DBN)

Warren And Harris Accuse Cleared Ferguson Officer Of Murder
(DBN)

Trump Takes Credit for 2012 Plant
(DBN)

Donald Trump Bleeds Rural America, Elizabeth Warren Plans To Save It
(DBN)

Kamala Harris makes false claim about Trump and auto jobs
(DBN)

The Pull of Andrew Yang’s Pessimism
(DBN)

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Maritime:

Mitsui unit raises $1bn in Singapore for oil-drilling vessels
(DBN)

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Resorts:

Resorts World Catskills, facing potential bankruptcy, has a casino giant as an eager suitor
(DBN)

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Trucking:

Phila. trucking company XTL files for bankruptcy protection
(DBN)

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Economy:

Global Economic Trouble Is Brewing, and the Trade War Is Only Part of It
(DBN)

The US gets its biggest recession warning yet as the most closely watched part of the yield curve inverts Dow drops 400 points led by bank stocks after bond market flashes a recession warning Dow plunges 600 points after bond market flashes a recession warning, Citigroup tanks 5% Dow decline exceeds 700 points as flashing recession signal rattles stock market The inverted yield curve explained Stocks Plunge as Bonds Signal Rising Concern About Growth What is an 'inverted yield curve,' and why does it matter? The yield curve just inverted – Jim Cramer and three other experts weigh in Don't Freak Out about the Yield Curve

(DBN)

Forget the Yield Curve. The 30-Year Treasury Is Scary 30-year Treasury yield falls below 2% for the first time ever
(DBN)

The Fed is not on red alert over Wednesday’s yield-curve inversion Wall Street bets of a 50-basis-point Fed cut jump as yield curve inverts, stocks sink Recession signal could put more pressure on the Fed to keep cutting rates
(DBN)

‘CRAZY INVERTED YIELD CURVE!’ — Trump rips ‘clueless Jay Powell’ and the Fed as the market slides Trump jacks up his Fed bashing as the markets plunge Trump is scared about the economy, and he's setting up Jerome Powell as his fall guy
(DBN)

Allies worry Trump is "running out of tools" to boost the economy
(DBN)

Forget the yield curve, here’s who will prevent the U.S. from entering a recession
(DBN)

Could managing the economy be more complicated than Trump thought?
(DBN)

Schiff: New Great Recession to Slam US
(DBN)

The synchronized global slump What a Global Economic Slowdown Means for the U.S.
(DBN)

Janet Yellen says yield curve inversion may be false recession signal this time Despite intense focus on the yield-curve inversion, some on Wall Street see it as a red herring
(DBN)

Consumers are America’s not so secret weapon to keep economy afloat, but they can’t save the world
(DBN)

AP Explains: Is the US economy nearing a recession?
(DBN)

The Next Recession Is Going to Be Brutal
(DBN)

Fed policy is White House’s ‘biggest problem,’ says Trump trade chief Peter Navarro
(DBN)

Trump 2020 Rust Belt Pitch Threatened by Manufacturing Recession
(DBN)

Bond markets are sending one big global recession warning US 30-year bond yield falls to record low, threatens to break below 2% Bond investors are not worried about inflation The bond market doesn't believe the hype
(DBN)

China Prepares Its “Nuclear Option” In Trade War US China Trade War Could Last a Decade Trump is ‘dead wrong’ in claiming the trade war hasn’t damaged the US economy, says Mark Zandi China says it has to take counter-measures to latest US tariffs China threatens countermeasures if U.S. tariff hikes go ahead U.S. Businesses Are Stuck in Trade War Uncertainty Germany and China Hit Hard by Trade War, New Data Indicates Germany Nears Recession and Chinese Factories Slow in Trade War Fallout Europe Is Stuck in the Middle of the U.S.-China Trade War U.S. Delays Some China Tariffs Until Stores Stock Up for Holidays Wilbur Ross gets slammed for backing Trump’s stance on delaying tariffs Tariff delay on popular consumer goods like iPhones expose weak link in Trump’s China trade strategy U.S. Energy Companies Are Not Winning The American Trade War With China Trump: China Wants to Buy US Ag Exports US companies getting 'the hell out of China': Eric Trump
(DBN)

The trade war won’t kill the economic expansion, but the Fed might
(DBN)

The weak defenses of Elizabeth Warren's trade plan
(DBN)

The birthplace of America’s low-road approach to capitalism
(DBN)

Macy’s CEO Jeff Gennette: Shoppers have ‘no appetite’ for price increases from looming tariffs
(DBN)

Wilbur Ross says the US economy will see a boost when the Boeing 737 Max grounding lifts
(DBN)

Banks Paying People to Borrow Money
(DBN)

CEOs at Top U.S. Public Firms Earn 278 Times More Than Their Employees
(DBN)

The U.S. doesn't spend less on social care than other developed countries
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

Reverse Mortgages: Can A Reverse Mortgage Loan Be Reinstated?
(DBN)

MBA: Mortgage Applications Increased Sharply in Latest Weekly Survey
(DBN)

Houston Real Estate in July: All Time Record One-Month Sales, Sales up 11% YoY, Inventory Up 10%
(DBN)

From bankruptcy to bidding war? 157-acre Mountain of Beverly Hills to be sold at auction
(DBN)

Roaches, Bed Bugs And Rats Plague Rent-Controlled BK Buildings Brooklyn tenants ask court to step in over repairs to 'infested' buildings
(DBN)

Albany: Plan emerges to dismiss Rip Van Dam bankruptcy and sell property for $9.6 million
(DBN)

Manhattan apartment rents rise as New Yorkers delay home purchases
(DBN)

Former Woodbridge CEO Shapiro pleads guilty, faces up to 25 years in prison
(DBN)

This is how childcare and student loans influence housing affordability
(DBN)

‘Keep the Hasidic Out’: A Small-Town Housing Showdown
(DBN)

Homeowners with debt are willing to go into more debt to renovate their home
(DBN)

____________

Municipalities:

Unlikely Leader Quells Puerto Rico Chaos as ‘Coup’ Theories Ebb
(DBN)

Puerto Rico oversight board publishes fiscal 2019 report
(DBN)

New Puerto Rico Governor Finally Overcoming Challenges
(DBN)

Puerto Rico majority party mayors pleased with new gov
(DBN)

Puerto Rico resident commissioner: There is no vacancy at governor’s office
(DBN)

'Free association' is a way out of the Puerto Rican crisis
(DBN)

Puerto Rico power utility board demands contract info
(DBN)

The Last Recession Crippled U.S. States. But Bondholders Won Big
(DBN)

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Oil/Gas:

Oil Patch Bankruptcy Monitor Oilfield Services Bankruptcy Tracker Midstream Report
(DBN)

Bankruptcy filings by U.S. energy producers pick up speed
(DBN)

Emerge Energy Gets OK To Use $35M Ch. 11 DIP Loan
(DBN)

Pioneer Energy de-listed by NYSE
(DBN)

Oil Demand Growth Slowdown Isn’t Over Yet
(DBN)

Fracking Caused Massive Methane Levels Rise
(DBN)

Oil Markets Face Nightmare Scenario
(DBN)

Oil prices fall with U.S. supplies up a second week and recession risks feeding worries about demand
(DBN)

Sanchez Energy free fall sets stage for battle of ad hoc groups
(DBN)

Another Quarter Of Losses At Key Energy Services
(DBN)

Oil Prices Crash On Recession Fears
(DBN)

Shale Pioneer Hamm Calls For Production Slowdown
(DBN)

____________

Education:

A Hedge Fund, a Bond Default and a College’s Fight to Survive
(DBN)

Insularity or Innovation: The Precarious Future of HBCUs
(DBN)

____________

Accounting:

Former regulator met privately with KPMG while firm was under scrutiny
(DBN)

Accounting expert who raised red flags about Madoff has new target: GE
(DBN)

____________

Travel:

Woman sues American Airlines, claims emotional support dog was locked in aircraft restroom
(DBN)

Labor tensions flare at American Airlines over hundreds of canceled flights
(DBN)

Miracle of the cornfield! Hero pilot safely belly-lands a flaming jet carrying 233 people on farmland after a flock of birds got sucked into both engines during take-off
(DBN)

Miniature Horses Cleared For Take Off As Service Animals
(DBN)

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Payroll Services:

Bankruptcy hearing to be held for Elkhart based payroll provider
(DBN)

____________

Healthcare:

State employees get temporary reprieve as health plan insolvency looms
(DBN)

A 'catastrophic' trend: A shortage of caregivers
(DBN)

Employee Health Care Costs to Cross $15,000
(DBN)

Astria Health making progress on emerging from bankruptcy, CEO says
(DBN)

Women Seeking Abortions Hit the Road
(DBN)

Hospitals winning big state battles, thwarting efforts to control consumers' costs
(DBN)

____________

Mass Torts:

Hundreds of Child Victim Suits Filed in NY; Lawyers Say It’s Just Beginning Flurry of lawsuits emerge as NY opens door to sex abuse claims
(DBN)

New England dioceses join reporting system for sexual abuse
(DBN)

____________

Furniture:

Shelton mattress makers file for Chapter 11
(DBN)

____________

Newspapers:

It’s Not Too Late to Save Local News
(DBN)

____________

Pharma:

Pharmacy benefit managers pass along a lot of Medicare rebates
(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 (27 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (14 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 Statistics:

Chapter 11 bankruptcy filings down across Philadelphia region
(DBN)

Bankruptcies on the rise? Consumer credit counseling agency says, 'maybe'
(DBN)

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Professional Compensation:

US Bankruptcy Fee Flip: Legal Expenses for Unsecured Creditors; Considerations for Lenders and Administrative Agents
(DBN)

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Tax:

If you owe the IRS back taxes, you may lose your passport
(DBN)

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Electricity:

Hedge Funds Have $500 Million Riding on PG&E Paying Bills Hedge Funds Buy Almost $500 Million in Claims From PG&E Vendors
(DBN)

PG&E bankruptcy: 2017 Tubbs Fire becomes central issue Tubbs fire victims urge bankruptcy judge to allow civil trial against PG&E
(DBN)

PG&E warns of week-long power shutoffs in SF
(DBN)

PG&E failed to trim ‘numerous trees’ near power lines in work to reduce fire risk, report says PG&E Inspectors Find Overlooked Tree Hazards, Deficiencies
(DBN)

‘Radical’ tree trimming: Critics say PG&E’s rush to stop fires may hurt California forests
(DBN)

PG&E holds NorCal economy hostage
(DBN)

Frustrated California Lawmakers Criticize PG&E Over Power Shutoffs
(DBN)

Judge dashes hopes of those suing over 'Wildfire Fund' law
(DBN)

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Bankruptcy Crimes:

PA: Centre County businessman accused of concealing thousands in bankruptcy assets
(DBN)

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Subscription Boxes:

Loot Crate Goes Bankrupt: The Fad is Over
(DBN)

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Student Debt:

A Dream or a Nightmare? Who pays in a world without student loans?
(DBN)

America's Student-Loan Burden Is Getting Severe
(DBN)

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Pensions:

A (Non-Satirical) Proposal For Multi-Employer Pensions: The Grand Bargain
(DBN)

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Aviation:

The Roots of Boeing’s 737 Max Crisis: A Regulator Relaxes Its Oversight
(DBN)

Tamarack is regaining its loft
(DBN)

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Agribusiness:

The Family Farmer Relief Act of 2019: Will the Increased Debt Limit Lead to an Uptick in Chapter 12 Filings?
(DBN)

American farms are billions in debt. The numbers are eye-popping.
(DBN)

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Coal:

Wyoming mines remain idle as coal giant tries to secure agreement with feds
(DBN)

Blackjewel mine sales expected to return jobs
(DBN)

Coal company compliance over wage bonds under investigation
(DBN)

Collapsing Coal Industry Leaves Miners Fighting for Benefits, Back Pay
(DBN)

Wyoming wind farm making same power with 80% fewer turbines
(DBN)

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Autos:

Karma Automotive hopes for a second chance in the auto industry
(DBN)

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Food/Beverage:

5 things to know, and a national candy store chain files for bankruptcy
(DBN)

Lolli & Pops Parachutes Into Bankruptcy
(DBN)

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Movie Theaters:

On the Auction Block: iPic-Gold Class Entertainment, Inc.
(DBN)

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Nanotech:

Ex-CEO's filing hits NanoMech on terminology
(DBN)

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Climate:

Loss of Arctic sea ice may not be causing cold winters in U.S., Asia after all, study finds
(DBN)

Arctic Permafrost is Thawing Fast
(DBN)

‘Back-Loaded’ Hurricane Season Bearing Down on U.S. Coastlines
(DBN)

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Fishing:

How a Government Board Decimated  Gulf Coast Fisheries
(DBN)

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Celebs:

Todd Chrisley from 'Chrisley Knows Best' Charged with Tax Evasion. What Does He Do for a Living?
(DBN)

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Hotels:

Rochester hotel is sold after years in bankruptcy-related limbo
(DBN)

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UK:

Final proposals for breathing space and statutory repayment plans unveiled
(DBN)

Pelosi rules out U.K. trade deal if Brexit creates hard border with Ireland
(DBN)

Deteriorating finances forces hundreds of Rugby people into insolvency
(DBN)

Jaguar Land Rover Could End UK Production
(DBN)

British retail sales in July climb 3.3%, topping forecasts
(DBN)

____________

PIIGS:

Corzine Plots Comeback as PIIGS Fly
(DBN)

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Canada:

Trudeau Broke Ethics Code
(DBN)

Koch Brothers Dump Canadian Oil Sands
(DBN)

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Australia:

The surprisingly small debts costing Australians their livelihoods Bankruptcy petitions ‘overused’
(DBN)

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Hong Kong:

Soul Searching Among Hong Kong Protesters After Chaos at Airport Hong Kong’s Economy Shudders After Protests Plunge Airport Into Chaos
(DBN)

Hong Kong Airport Resumes Operations After Court Injunction Limiting Protests
(DBN)

Hong Kong Law Firms Haven’t Started To Panic, But That Day Is Coming
(DBN)

Wilbur Ross Says Hong Kong Protests an 'Internal Matter'
(DBN)

Luxury Brands Are Caught In The Crossfire As Hong Kong Protests Continue
(DBN)

Trump Offers Meeting With China's Xi To Resolve 'Hong Kong Problem'
(DBN)

China Military in Exercises Near Hong Kong
(DBN)

Hong Kong unveils $2.4 billion economic support package as protests weigh
(DBN)

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Germany:

What Germany’s dismal GDP number really means for Europe and interest rates
(DBN)

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Singapore:

Hyflux is 'leaking value' and has to 'act without delay'
(DBN)

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MENA:

WH: Iran Broke Deal Before There Even Was A Deal???
(DBN)

The US has applied to seize an Iranian oil tanker being held in Gibraltar, report says
(DBN)

Netanyahu appears poised to block Omar, Tlaib from entering Israel ahead of a planned weekend visit
(DBN)

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