August 2, 2019

The Daily Bankruptcy News

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Law:

Will Doing Away With The Billable Hour Cure Biglaw’s Mental Health Crisis?
(DBN)

Former Partner’s Suit Against Biglaw Goes To The Supreme Court
(DBN)

Case to Dismantle Mandatory Texas Bar Teed Up for Summary Judgment Ruling
(DBN)

Baker Botts Welcomes Veteran Financial Restructuring Lawyer to New York Office
(DBN)

Jones Day sued for alleged malpractice by pro bono clients who say eviction deal left them homeless
(DBN)

What lawyers simply fail to realize is that times have changed.
(DBN)

Reform or Revolution? California's Bid for Nonlawyer Ownership Could Spread
(DBN)

Baker McKenzie ex-London boss prosecuted for unwanted kissing and Linklaters partner indicted for cover-up
(DBN)

Ashurst partner raged at secretaries and made associate do lines
(DBN)

In ‘unorthodox’ strategy, Arizona files suit against opioid company owners directly with Supreme Court
(DBN)

Restaurant's $157M Malpractice Suit Against Seyfarth Can Proceed, Judge Says
(DBN)

This Biglaw Firm’s Wall Street Roots Go Deep
(DBN)

Bar Exam Snafu A Momentum-Killer For California Bar
(DBN)

Bar Exam Catastrophes That’ll Give You Nightmares
(DBN)

K&L Gates Adds a Flex-Time Option for Attorneys on Leave
(DBN)

Women Who Left the Profession Are Getting Back in the Saddle
(DBN)

Judge Blames Roger Stone for Roger Stone's Problems, Refuses to Dismiss Charges Judge: Stone Not Indicted for Political Stuff
(DBN)

Trump Organization subpoenaed by Manhattan prosecutors over hush money payments
(DBN)

Trump on Russian interference: "You don't really believe this, do you?"
(DBN)

Jeffrey Epstein's bizarre blue-striped building on private island raised alarm Jeffrey Epstein Wanted to Have His P---- Frozen and “Brought Back to Life in the Future” Jeffrey Epstein’s long-shot bid to get bail for child traffic case just got tougher because of new appeals court decision Epstein bankrolled Harvard, scientists to bioengineer his own human race Of Course Trump “Fell Out” With Epstein Over Real Estate, Not Underage Girls Jeffrey Epstein, Donald Trump, and a Russian Oligarch Is Peak Sleazy Corruption
(DBN)

New York Is Barred, for Now, From Handing Over Trump's State Tax Returns
(DBN)

Military Retirement Funds May Build Wall Lobbyists Wrote GOP Border Security Plans GOP Pushes Harsh Immigration Bill Number Of Migrants Reaching US Border Down 39% Since May, Hitting Five-Month Low
(DBN)

Lawyer’s hip-hop defense fails in case involving ‘an overarching pattern of misconduct’
(DBN)

What lawyers can learn about criminal liability from MTV’s ‘Beavis and Butt-Head’
(DBN)

Lawyer Jumps Off Roof Of Courthouse, Returns To Courtroom To Be Sentenced
(DBN)

Jones Day attacks women alleging it has sexist culture
(DBN)

One Lawyer. Five Years. 3,802 Cases.
(DBN)

Conspiracy theories pose a new domestic terrorism threat, according to a secret FBI document FBI Warns on American Extremists
(DBN)

Texas police officer kills woman while shooting at loose dog, police say
(DBN)

Cops in Trouble Over Stormy's Arrest in Ohio
(DBN)

Parking Spot Rage: Texas man gets 20 years for handicap parking space killing
(DBN)

‘No One Saw a Thing’: When a Small Midwest Town Banded Together to Kill the ‘Town Bully’
(DBN)

FBI: Amazon Drivers Part of Major Theft Ring
(DBN)

______________

Judges:

BK WD MI Appoints New Clerk of Court
(DBN)

Judicial Committee Won't Revive Kavanaugh Misconduct Complaints
(DBN)

Chemerinsky: Justice Gorsuch fulfills expectations from the right and the left
(DBN)

______________

Wall Street:

Dow futures extend losses after Trump’s latest China tariff threat
(DBN)

The Dow was up 300 points, it closed down nearly 300 points. All because of Trump's tariffs
(DBN)

______________

Layoffs:

Lowe’s lays off thousands of workers
(DBN)

Ryanair says it will cut 900 pilot and flight attendant jobs because of Brexit concerns and the Boeing 737 Max grounding
(DBN)

Whiting Oil lays off 254 employees
(DBN)

Terminix to lay off 99 call center employees
(DBN)

______________

Retailing:

Could Barneys Pull Off a Bankruptcy Turnaround?
(DBN)

We went on a tour of New York City's GameStop stores to see if the company is doomed to become the next Blockbuster Video — here's what we found
(DBN)

Andrew Yang is out to save the American mall
(DBN)

Trump's threat of new China tariffs sparks backlash from US retailers
(DBN)

____________

Travel:

Video shows a Southwest flight attendant surprising passengers by climbing into an overhead bin and staying there as they boarded the plane
(DBN)

____________

Newspapers:

Dying Gasp of One Local Newspaper
(DBN)

A Paradox at the Heart of the Newspaper Crisis
(DBN)

A Future Without the Front Page
(DBN)

____________

Politics:

How Democrats Will Attack Trump on the Economy
(DBN)

Looks Like DNI Nominee John Ratcliffe May Have Told One (Or Five) Little Fibs About His Résumé
(DBN)

At rally, Trump laces into Democrats but avoids race
(DBN)

Trump: I Will End AIDS Epidemic and Cure Childhood Cancer
(DBN)

Trump Pulls US Out of Cold War Pact with Russia
(DBN)

AP Dem Fact Check: Persistent distortions on migrants, economy
(DBN)

The debates exposed a glaring gap in the 2020 Democratic primaries
(DBN)

Will Hurd, the only black GOP representative, announces retirement Even More in the GOP Throw in the Towel
(DBN)

The impeachment slow-drip About half of House Democrats now support opening an impeachment inquiry against Trump
(DBN)

The presidential debates wasted too much time talking about stuff only Congress can do
(DBN)

The viral video of Lindsey Graham silencing Senate Democrats, explained
(DBN)

The Democratic debates neglected one of America’s biggest public health crises
(DBN)

Booker's claim that Democrats lost Michigan because of Russian and GOP suppression
(DBN)

17 Million Americans Removed from Rolls
(DBN)

____________


Economy:

Jay Powell Just Cannot Please You People, Can He?
(DBN)

Trump’s Fed pick compares current central bank policies to those of the Great Depression
(DBN)

ISM Manufacturing index Decreased to 51.2 in July US Manufacturing Gauge Lowest Since 2009
(DBN)

Construction Spending Declined in June
(DBN)

Weekly Initial Unemployment Claims increased to 215,000
(DBN)

The economy has problems, but the labor market isn’t one of them: U.S. likely added 171,000 jobs in July
(DBN)

The dollar climbed to its highest level in more than 2 years after the Fed cut rates. That’s the opposite of what Trump wants.
(DBN)

Goldman: July Payrolls Preview
(DBN)

July Employment Preview
(DBN)

Trump says the US will slap tariffs on virtually all Chinese imports next month The Trade War Heads to American Households Trump announces tariffs on nearly all Chinese goods starting in September China's yuan falls to 2019 low after Trump tariff threat Beijing responds to Trump’s new $300 billion tariff threat Mnuchin Wanted to Warn China on Tariffs Trump: Fine With Me if China Doesn't Want to Trade with US Goldman: Here’s China’s likely next step to Trump’s new trade threat Trump's new tariffs could unleash an avalanche of store closings on the US Stocks plunge after Trump takes his trade war with China to a new level Gary Cohn Tells The BBC That Donald Trump Isn’t Not A Racist So Now There Are More Tariffs The goods Trump's latest China tariffs would impact ‘It’s unclear what the end game is,’ former US ambassador says of Trump’s trade war with China Trump’s new tariffs show he’s reading China all wrong, risk consultancy warns China looks like it can hold out longer than the US in the trade war, strategist says Contrasting Views on US China Trade Talks Trump’s new tariffs on China might shrink the global economy, says bank CEO Analyst: Trump’s new tariffs are a ‘sword at the throat’ of the US economy — not China’s Will the U.S. Shoot Itself in the Foot in a Race to the Bottom With China? Trump’s latest broadside on China raises fear that the trade war is the ‘new status quo’ Trump tariff threat pushes up chance for Fed rate cuts as recession risks rise New Trump tariffs threaten U.S. consumer, spelling wider trouble for stocks, analysts say
(DBN)

1 in 5 children live below the poverty line: Here are the states with the highest number of kids dependent on free lunches
(DBN)

The Fed chairman confirms that uncertainty over trade is slowing the global economy and no one knows quite what to do about it
(DBN)

Construction Spending Since 1993
(DBN)

22 percent of millennials say they have “no friends”
(DBN)

White Farmers Got 100% of Trump Funds
(DBN)

Congress just passed a budget deal, taking a key step toward averting a fiscal crisis Today’s budget deal proves once again Republicans never cared about the deficit 23 Senate GOP Break with Trump on Budget
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

Trump administration plans to reduce the size of loans people can get through FHA refinancing
(DBN)

Trump administration to cap Americans' ability to tap home equity for cash
(DBN)

Rent in the Big Apple hits 3-year high
(DBN)

____________

Municipalities:

Puerto Rico Set for Political Clash Over Next Governor Puerto Rico faces a succession crisis - What now? Ahead of Rossello’s resignation, protesters in Puerto Rico still fighting for ‘sea of change’ Puerto Rico legislators delay vote on nominee to replace departing governor Choice of Puerto Rico Governor's Successor Delayed Puerto Rico vote delay raises uncertainty over next governor
(DBN)

The Stabilization of the Government of Puerto Rico and PROMESA
(DBN)

Puerto Rico Senate leader rejects lawyer Pierluisi as next governor
(DBN)

Can a Kentucky County File Bankruptcy to Restructure its Debt? Yes, with State Approval
(DBN)

Biden's Involvement in the Detroit Bankruptcy?
(DBN)

____________

Oil/Gas:

Refinery’s closure sparks calls for a ‘just transition’ in Philadelphia’
(DBN)

Kinder Morgan Terminals says Philadelphia refiner owes nearly $1.5 mln -court docs
(DBN)

Apache posts $360M loss after Permian slowdown
(DBN)

____________

Celebs:

Ex-NFL Star Shawne Merriman Filed For Chapter 13 Bankruptcy Prior to Wrongful Death Lawsuit
(DBN)

Broke reality TV couple reveals how they blew $10 million fortune in 2 years: Plastic surgery, shopping sprees and preparing for an apocalypse that never happened
(DBN)

MacKenzie Bezos is officially Amazon's second-largest individual shareholder and the third-wealthiest woman in the world
(DBN)

____________

Electricity:

PG&E Cuts Deals to Trim Prices It Pays for Solar and Storage Bankrupt PG&E makes deal to cut solar power prices. Won’t abandon CA’s clean energy goals
(DBN)

‘Much quieter than they used to be’: PG&E lobbying spending falls
(DBN)

PG&E Says Dividends, Political Payments Are Necessary
(DBN)

Decades of greed, neglect, corruption, and bad politics led to last year’s Paradise fire, the worst in California history. It should never have happened. It will happen again
(DBN)

GOP plan to provide $1.5 billion bailout to Ohio nuclear and coal plants faces stiff opposition Nuke plants' rescue jolts conservatives, environmentalists
(DBN)

____________

Religion:

Change in New York State Law to Usher in 'Tidal Wave' of Child Sex Abuse Lawsuits
(DBN)

Higher Than Expected Abuse Claims Puts Strain On Diocese Of Pittsburgh
(DBN)

Portland, Oregon archdiocese settles 8 abuse cases for $4M
(DBN)

____________

Ethanol:

Pacific Ethanol CEO says bankruptcy 'not an attractive option'
(DBN)

____________

Food/Beverage:

Creditor sues Burger King franchises in Cumberland, Atlantic
(DBN)

____________

Healthcare:

Buying and closing a failing hospital can pay off
(DBN)

Hospital union wants city to rezone Hahnemann property so it can’t be flipped
(DBN)

Hospitals are safe on the debate stage, but not in Washington
(DBN)

Tim Ryan told Bernie Sanders that Medicare-for-all would be bad for unions. Major union leaders disagree
(DBN)

Trump FactCheck: Democratic presidential candidates "support giving illegal immigrants free health care at our expense"
(DBN)

It's time for Democrats to get their facts right on Medicare-for-all
(DBN)

Democrats Are Having the Wrong Health Care Debate
(DBN)

____________

Hotels:

Hotels: Occupancy Rate Decreased Year-over-year, "Hotels’ rocket is losing fuel"
(DBN)

____________

Aviation:

PHI gets federal approval for reorganization, may emerge from Chapter 11 by end of month
(DBN)

Relatives of a Boeing 737 Max crash victim went to the FAA to demand answers for lapses that cost 346 people their lives
(DBN)

Boeing to change 737 MAX flight-control software to address flaw: sources Newly stringent FAA tests spur a fundamental software redesign of Boeing’s 737 MAX flight controls
(DBN)

F.A.A. Leaders Face Scrutiny Over Boeing 737 Max Certification
(DBN)

Boeing 737 MAX crisis: Burned bridges
(DBN)

____________

 


New Bankruptcy Opinions
(6 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (22 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (6 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:

Individual Bankruptcy Filings Continue to Fall, Business Filings Rise
(DBN)

Toledo-area bankruptcy cases rise 2 percent
(DBN)

______________

Property of the Estate:

Florida Bankruptcy Judge Says Trustee Can Pursue Miami Businessman's $600M Debt
(DBN)

____________

Bankruptcy Reform:

Senate Passes Small Business Reorganization Act, HAVEN Act and Family Farmer Reorganization Act
(DBN)

Bill Would Let Cash-Strapped Injured Veterans Keep Disability Money During Bankruptcy
(DBN)

____________

Litigation:

Litigation Finance Firms Now Ranked By Chambers And Partners
(DBN)

____________

Avoidance Actions:

When Has A Trustee Exhausted His Section 550 “Single Satisfaction”?
(DBN)

Merchant Cash Advance Loans as Preferences: Contrasting Judgments
(DBN)

____________

Personal Bankruptcy:

BK MD FL Issues General Order For Retention Of Special Counsel In Consumer Protection Cases
(DBN)

____________

UST:

Amended US Trustee Fee Schedule Ruled Unconstitutional
(DBN)

____________

Non-Profits:

Three NRA board members resign in latest sign of upheaval at gun rights group
(DBN)

____________

Infrastructure:

Governors Chart Own Path on Infrastructure
(DBN)

____________

Climate:

Climate Change and Next Financial Crisis
(DBN)

____________

Orchestras:

Here’s how three American orchestras beset by many of the same problems facing the BSO managed to come back
(DBN)

____________

Student Debt:

How NOT to Regulate ISAs
(DBN)

____________

Festivals:

As Woodstock 50's struggles continue, it seems summer music festivals may be going extinct
(DBN)

____________

Personal Finance:

Why Millennial Freelancers Are Getting Hit With Huge Tax Fines
(DBN)

____________

Autos:

GM faces declining sales and price wars in largest markets
(DBN)

____________

Coal:

Auction Set for Bankrupt Coal Producer Blackjewel's Assets
(DBN)

McConnell Says Bankrupt Blackjewel's Miners Should Get Back Pay
(DBN)

Blackjewel bankruptcy could set off ripple effects for freight rail
(DBN)

'No Pay, We Stay': Laid-off coal miners say they will block train until they get back pay
(DBN)

____________

UK:

Hedge Funds Continue To Enjoy The Brexit World They Helped Create
(DBN)

British Trade Group Demands Government Action Against PledgeMusic
(DBN)

Boris Johnson Dreams of a “Side-Deal” Brexit
(DBN)

____________

Canada:

Quebec introduces credit card regulations aimed at curbing consumer debt
(DBN)

____________

India:

Parliament approves changes to bankruptcy law
(DBN)

Four potential bidders show early interest in troubled Jet Airways
(DBN)

For Jet Airways employees, bankers show sympathy, but no money Lenders unwilling to provide extra funds to grounded Jet Airways
(DBN)

____________

Russia:

Defining cryptocurrency in Russia: does it form part of the bankruptcy estate?
(DBN)

____________

Australia:

Former senator Fraser Anning facing bankruptcy, believed to be out of the country Fraser Anning is reportedly on the brink of bankruptcy — and may be hiding out at a drive-in diner in California as the bank chases him for $185,000 debt
(DBN)

____________

Zimbabwe:

Zimbabwe's crisis is growing dangerous
(DBN)

____________

Asia:

Thai, Singapore debenture defaults the tip of the iceberg
(DBN)

____________

MENA:

Saudi Arabia allows women to travel without male consent
(DBN)

Sanctions on Iranian foreign minister add to confusion over Trump policy
(DBN)

____________

Brazil:

Avianca Brasil Left without Slots, Future, or Identity
(DBN)

____________

Russia:

Trump to sanction Russia over chemical weapons use
(DBN)

____________


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