August 22, 2019

The Daily Bankruptcy News

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Law:

How To Get Ready For The Big, Scary Recession
(DBN)

As clients scrutinize bills and unilaterally change payment terms, law firms take longer to collect
(DBN)

Bankruptcies = big dollars, big risks for Texas corporate law firms
(DBN)

In GirlsDoP--- Trial, Jane Doe Law Grad Emerges as Central Figure
(DBN)

Jones Day Gets Extra Time to Respond to Ex-Associates' Bias Suit Over Parental Leave
(DBN)

Law student sues university for 8 million after flunking
(DBN)

The Impact Of The U.S. News Rankings On The Cost Of Law School
(DBN)

2019 World Law School Rankings
(DBN)

Schulte Roth Ex-Employee Sues, Alleging Sexist, Homophobic Remarks Made in Office
(DBN)

Dentons in mindful move
(DBN)

Citi Survey: Homegrown Texas Firms Outperform Industry in Key Areas
(DBN)

Regulator ends probe into alleged harassment by ex-Reed Smith partner
(DBN)

‘Moral Delinquency and Incompetence:’ Interim Emory Law Dean Wanted Prof Fired Over Racial Slur
(DBN)

‘Caste system’ at some law firms won’t survive, consultant says; multidisciplinary teams will
(DBN)

The Elite Law Firm That Really Kicked Off The Associate Salary Wars
(DBN)

Meet the Former Supreme Court Clerks Suing Jones Day
(DBN)

A Chief Legal Officer’s Perspective on Psychology and Client-Firm Relationships
(DBN)

New Discrimination Lawsuit Against Jones Day Is Already Getting Messy
(DBN)

Trying To Stand Out Amongst An Elite Law School Class Is Tough
(DBN)

Law Students Should Aim To Have ‘Morally Defensible’ Careers
(DBN)

Microsoft Signs on as First User of ‘Standard’ Legal Language
(DBN)

Justice Department avoids gender pronouns in brief in transgender case
(DBN)

More Firms Should Offer Origination Bonuses To Associates
(DBN)

'We Will Leave': Drama Over Skadden's Ukraine Billing Gets Close Up at Greg Craig Trial
(DBN)

Epstein's jail guards warned his cellmate 'there will be a price to pay' if he talks about Epstein's suicide, lawyer claims What happens next in the legal cases involving Jeffrey Epstein Source: Jeffrey Epstein ordered 3 couples in his entourage to get married Epstein's Sex Ring Employed His Network Of Shell Companies, Lawsuits Claim Epstein’s Ex-Cellmate Cites Cut Up Note in Arguing for Move Key prison officials knew Epstein wasn't to be left alone in cell The layers of Jeffrey Epstein's connections Pilot: Price Andrew on Plane with Teen Victim
(DBN)

In Latest Filing, Trump Lawyers Signal Supreme Court May Need to Resolve Heated Subpoena Fight Congress Blasts DOJ in Subpoena Fight
(DBN)

Trump is using the same immigration policy that once kept out Jews fleeing Nazi Germany New rule would override Flores settlement, allow detention of immigrant families for more than 20 days A new Trump rule could hold migrant families indefinitely in detention Motorists harassing buses with migrant students in Idaho Trump just bought himself months of court frustration with his latest immigration rule
(DBN)

Trump Says He's 'Seriously' Considering Ending Birthright Citizenship
(DBN)

NC Governor Vetoes 'Draconian' Bill That Would Force Local Police to Cooperate With ICE
(DBN)

Trump denies parroting the NRA’s talking points: ‘They are Trump talking points’ President Says He Favors Gun Background Checks but Gives No Details A majority of Republicans join Democrats in backing red-flag gun laws Read Walmart CEO Doug McMillon's email to the corporate employee who staged a protest over gun sales I tried to buy a gun at Walmart twice, and roadblocks left me empty-handed both times
(DBN)

Federal judge allows Trump to appeal lawsuit over foreign payments to his hotels
(DBN)

The Trump administration wants to make it easier to fire women who act too ‘masculine’
(DBN)

Girl, 17, found bound and gagged on freeway; CHP says family was taking her to drug rehab
(DBN)

Texas School Officials Accused of Coloring Black Student’s Head
(DBN)

It’ll Take More Than A Jury Verdict To Get Two Ex-Hedgies’ Bonuses From 2004-2008 Paid
(DBN)

What lawyers can learn about prosecutorial ethics from a Brad Pitt role
(DBN)

'Impossible to Comprehend': Cop Allegedly Urinated on a 12-Year-Old Girl and Tried to Kidnap Her
(DBN)

Defense Attorney Who Represented Timothy McVeigh Has Been Disbarred
(DBN)

Women ask Supreme Court to toss topless ban: Why are rules different for men?
(DBN)

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Judges:

BK WD WA Seeks Term Law Clerk
(DBN)

Mary Murphy Schroeder: She Broke Barriers From the Start
(DBN)

Disgraced judge pleads guilty to ex-wife’s murder, faces life in prison Judge Pleads Guilty To Killing Wife
(DBN)

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Wall Street:

US futures turn negative, pointing to slightly lower open
(DBN)

Dow jumps more than 200 points, Target and Lowe’s surge on strong earnings
(DBN)

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Layoffs:

Comscore lays off 8% of workforce
(DBN)

One of Central Ohio's largest employers announces 130 layoffs
(DBN)

GameStop Lays Off Over 100
(DBN)

Del Monte to Close Two US Plants
(DBN)

Weirton business to lay off 100 employees
(DBN)

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Politics:

Elizabeth Warren is such a strong orator, you may want to lend both your ears Elizabeth Warren confronted by her Republican past Is America Ready For a Professor President — Especially A Rich One
(DBN)

Poll: Only Biden & Sanders Can Beat Trump in Head-to-Head Race
(DBN)

Donald Trump Angers Danish Politicians by Canceling Visit Over Refusal to Sell Greenland: 'Are Parts of the U.S. For Sale? Please Show More Respect' Diplomats Stunned with Denmark Feud Donald Trump's failed plan to buy Greenland, explained The president crossed an important line when he canceled a meeting with the Danish prime minister Trump Trolls the Nordics. They Troll Him Back Trump calls the Danish Prime Minister 'nasty' after she nixes notion of Greenland sale Pompeo praises US ‘ally’ Denmark after Trump cancels state visit Denmark has been important U.S. ally
(DBN)

'Nasty' is Trump's insult of choice for women, but he uses it plenty on men, too
(DBN)

Trump and the fragile belonging of American Jews Trump says American Jewish Democrats are disloyal, claims “king of Israel” title Trump doubles down on American Jewish "disloyalty" comments Disloyal to What? The liberal Jewish resistance goes far beyond #DisloyalToTrump Trump tweets claim that he’s like ‘the king of Israel’ and ‘the second coming of God’
(DBN)

Trump's fake accent angers Asian Americans as they veer left
(DBN)

Napolitano: Trump Wants to Spy on Everyone
(DBN)

Trump says he is "the chosen one" to take on China in trade war
(DBN)

Joe Walsh set to challenge Trump in Republican primary race: Reports
(DBN)

Bernie Sanders releases plan to overhaul labor laws to benefit unions
(DBN)

Trump campaign is worried about suburban women for good reason
(DBN)

Roughly Half of Trump Voters Would At Least Partially Blame Him for a Recession Don’t Root for a Recession That old truism of American politics—“It’s the economy, stupid”—could come back to haunt the money-minded president in 2020
(DBN)

The #MeToo election isn't happening
(DBN)

Playing Into Russia's Hands
(DBN)

Court rules Electoral College members aren't bound by popular vote even if state law requires 10th Circuit finds Colorado wrongly removed faithless presidential elector in 2016
(DBN)

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Coal:

Moody’s cuts outlook for coal
(DBN)

Hearing set to resolve labor dispute over bankrupt Blackjewel's 'hot goods'
(DBN)

Kentucky company plans to buy 11 Blackjewel assets
(DBN)

Appeals court sides with state in opposing coal terminal
(DBN)

Kentucky senator looks to close 'Blackjewel loophole' affecting Harlan County Schools
(DBN)

Judge gives final OK to Cloud Peak Sale
(DBN)

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Mining:

Elliott-funded Avocet Mining goes into administration
(DBN)

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Autos:

Big Auto's rupture with Trump Trump Mad Automakers Want More Fuel Efficient Vehicles FactCheck: Trump's Fuel Economy Claims
(DBN)

Tesla Has Failed as a Public Company Tesla is now facing its most dangerous adversary yet, and it could be proof that buying SolarCity was a huge blunder
(DBN)

FactCheck: It "is estimated that as many as 300,000 auto workers may be out of a job before the end of the year."
(DBN)

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Food/Beverage:

Popeyes Chicken Sandwich Is an Economic Indicator
(DBN)

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Biofuels:

The Fatal Flaw In The Ethanol Industry
(DBN)

Ethanol Plant to Stop Production, Indiana Corn Growers Blame EPA
(DBN)

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Construction:

Winter Park construction firm files for Ch. 11 bankruptcy protection
(DBN)

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Telecoms:

New Chapter 22 Bankruptcy Filing - Maxcom USA Telecom Inc.
(DBN)

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Religion:

Woman Accuses Top US Cardinal of Dismissing Sex Abuse Case
(DBN)

Vermont diocese to release priest abuse report
(DBN)

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Economy:

Deficit Will Reach $1 Trillion Next Year, Budget Office Predicts U.S. budget deficit set to hit $1 trillion 2 years earlier than expected Deficits to exceed $12 trillion through 2029: CBO
(DBN)

National Debt to Hit Levels Not Seen Since WWII
(DBN)

With deficit rising, worries grow the U.S. may be 'out of bullets' if recession hits
(DBN)

How I Learned to Stop Worrying and Love the Deficit
(DBN)

FOMC Minutes: A Wide Range of Views Federal Reserve officials were divided on whether to cut rates, meeting minutes show Fed minutes show more rate cuts likely through 2020 Fed officials shied away in July from planning future interest-rate cuts
(DBN)

Bond market yield curve inverts, signaling Fed may be too slow to cut rates, risks recession Yield curve briefly inverts again with 2-year Treasury yield topping 10-year rate
(DBN)

Fed says July rate cut was ‘recalibration’ and not part of ‘pre-set course’ for more easing
(DBN)

Bank of America’s CEO has one simple reason why he doesn’t see a recession looming
(DBN)

Hedge funds aren’t betting on a recession, Goldman data show
(DBN)

Stocks say the consumer isn’t as strong as government data suggests
(DBN)

Employment: Preliminary annual benchmark revision shows downward adjustment of 501,000 jobs
(DBN)

Trump says it doesn't matter if the US has a recession because the trade war is more important Target CEO: The US trade war creates ‘uncertainty’ and ‘complexity’ for retailer ‘I am the Chosen One,’ Trump proclaims as he defends trade war with China China Moves to Realign Global Investors Away from US Trump’s trade war will cost households nearly $600 by 2020, CBO estimates Trump claims the stock market would be higher if he hadn’t confronted China — is he right? What We Don't Get About China's Economy Fed sees tariffs as ‘persistent headwind’ to economic growth Fed Minutes Show Doubt About Trade War McConnell shreds China over Hong Kong, calls for global confrontation China's Warning to Global CEOs: Toe the Party Line on Hong Kong
(DBN)

A trade war with Europe would be more damaging than Washington’s dispute with China
(DBN)

Are Tariffs Bringing Jobs Back to America?
(DBN)

Trump Weighs Options to Spur the Economy Trump's economic dissonance Trump flip-flops on tax cuts, saying US has ‘strong economy’
(DBN)

Here’s what a payroll tax cut would cost the government How Much You'd Get in a Payroll Tax Cut Trump backtracks on payroll tax cut Trump reverses course, says he’s not considering tax cuts, because of ‘strong economy’
(DBN)

Trump’s fake tax cuts are back
(DBN)

Trump’s Tax Cuts Wouldn’t Necessarily Help
(DBN)

Allstate CEO: A Financial Cancer is on US
(DBN)

Trump says the Fed is the ‘only problem’ with economy, calls Powell ‘a golfer who can’t putt’ Three Challenges Weighing on Fed Chief Jerome Powell
(DBN)

Bank of America CEO Moynihan says the consumer is doing well and will keep US economy going Consumer spending is a bubble waiting to burst, market bear David Rosenberg warns
(DBN)

How bad would a recession be for Trump in 2020? 8 experts weigh in.
(DBN)

America has half a million fewer jobs than we thought
(DBN)

Here’s four reasons why investors might snap up negative-yielding bonds
(DBN)

Migrants and the Jobs Americans Won't Take
(DBN)

The 10 fastest-growing jobs for women in the US
(DBN)

Brokest, loneliest, and richest: Here's how the world sees American millennials in 2019
(DBN)

The 25 Wealthiest Dynasties On The Planet Are Worth $1.4 Trillion, Up 24% From Last Year
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Origination of Unconventional Mortgages Since 2008
(DBN)

Sheriff’s Fees: Surprise, a Commission May Be Due for a Foreclosure Sale That Did Not Take Place
(DBN)

NAR: Existing-Home Sales Increased to 5.42 million in July Comments on July Existing Home Sales
(DBN)

Mortgage prepayments jump 58% as refinancings surge
(DBN)

Luxury Homebuilder's Woes Show Mounting U.S. Slowdown Fears
(DBN)

America's growing home tenure is threatening potential home sales growth
(DBN)

Here's more proof that Millennials have officially entered the housing market
(DBN)

Mortgage demand falls as interest rates flatten
(DBN)

Southwest sees fastest single-family rent increase
(DBN)

America's Fasting Shrinking Housing Markets
(DBN)

AIA: "Architecture Billings Index Continues Its Streak of Soft Readings"
(DBN)

Mortgage Market Reopens to Risky Borrowers Citigroup, Credit Suisse Re-Enter Risky Home Loans Market
(DBN)

Deals for San Antonio office buildings finally close
(DBN)

Once listed for $1 billion. Sold for $100,000. What just happened?
(DBN)

48 US cities where you can buy a mansion for under $1 million
(DBN)

No, WeWork Isn’t a Tech Company. Here’s Why That Matters
(DBN)

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Municipalities:

Ransomware attack that crippled 23 Texas towns has cost $12 million - and investigators still don't know who is responsible
(DBN)

‘It’s Just Dirt’: Anything Goes in Today’s Muni Bond Market
(DBN)

Puerto Rico economy giving mixed signals
(DBN)

Hedge Fund Cash Flows to Presidential Candidates—at Puerto Rico’s Expense
(DBN)

Puerto Rico gov appoints rep to fiscal board, chief of staff
(DBN)

With bankruptcy looming, sale of Warminster water, sewer systems could net $90M
(DBN)

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Oil/Gas:

US Fracking Sector Disappoints in 2Q
(DBN)

Furie declares bankruptcy; cites $105M in unpaid state credits Cook Inlet natural gas producer files for Chapter 11 bankruptcy
(DBN)

Bankruptcy Ruling Sides With Oil Field Realities
(DBN)

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Healthcare:

A Year After SNF Closure, Illinois’s Medicaid Issues Lead to Bankruptcy for Non-Profit Operator
(DBN)

Patient refund checks on hold amid Vermont health system's bankruptcy
(DBN)

Rates for Affordable Care Act plans aren't going up much
(DBN)

Tulare Local Health Car District Set to Emerge from Bankruptcy
(DBN)

A man threatened to “slaughter” abortion doctors. It’s part of a disturbing trend.
(DBN)

Blood Test Will Predict When You Will Die
(DBN)

Sanders changes Medicare-for-all plan in face of opposition from organized labor
(DBN)

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Call Centers:

Sanford call center isn’t bankrupt and closed, despite what competitor says
(DBN)

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Retailing:

Barneys wants ‘strong digitally focused partner’ for next stage
(DBN)

How Barneys’ Chief Tech Exec Envisions the Luxury Retailer’s Rebooting
(DBN)

Retailers struggled during boom times. What happens if there's a recession?
(DBN)

Forever 21 hires disposition company
(DBN)

Nordstrom shares jump after delivering strong second-quarter profit, even as sales weaken
(DBN)

Target’s Turnaround Approaches Mission Accomplished Target stock has biggest-ever one-day gain as store investment and online sales prove a winner
(DBN)

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Education:

Republicans Changed Their Mind About Higher Education Really Quickly
(DBN)

NY Times: More Private Colleges Cut Tuition As Discount Rate Hits All-Time High Of 52%
(DBN)

Rich parents keep behaving badly to get their children into college
(DBN)

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Corporate Governance:

Stakeholder Capitalism Will Fail If It’s Just Talk
(DBN)

Milton Friedman Was Wrong
(DBN)

Demoting Shareholders Won’t Strengthen Capitalism
(DBN)

Citing 'crisis' for corporations, Marty Lipton launches feud with investors’ council
(DBN)

Experts Aren't Buying New CEO Stance
(DBN)

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Pharma:

Endo's $10M opioid deal could help other drugmakers 'out of the woods': analysts Endo Leads Rally by Opioid Makers After Making Pact to Avoid Trial
(DBN)

Insys creditors want assurance no severance goes to 'complicit' employees
(DBN)

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Hedge Funds:

Hedge Funds Have Already Bled $55.9 Billion This Year
(DBN)

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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 (19 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (12 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:

Average Annual Percent Change in Total Bankruptcy Filings (1990-2018)
(DBN)

National farm bankruptcies on the rise while Ohio holds steady
(DBN)

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Advisors:

McKinsey Foe Loses Lawsuit, Makes His Point
(DBN)

Racketeering lawsuit against McKinsey is dismissed
(DBN)

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Interest:

Dow Corning Settles 22-Year Interest Fight With $172M Payout
(DBN)

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Bankruptcy Reform:

Bills awaiting president's signature to affect bankruptcies
(DBN)

Bankruptcy protection bill for veterans awaiting President Trump's signature
(DBN)

Shelter from the Storm – Bankruptcy Relief Comes in Three’s
(DBN)

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Litigation:

Burford Capital Faces Investor Suit for Manipulating Metrics
(DBN)

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Bar Orders:

Bar Orders: Insurers and Indemnitors May Have Effective Alternative to Third-Party Releases
(DBN)

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Safe Harbors:

SDNY Distinguishes Supreme Court, Holds Tribune Company's Leveraged Buyout Falls Within Section 546(e) Safe Harbor Provision
(DBN)

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Tax:

Heightened IRS Collection Procedures Impacting Those with Unpaid Tax Obligations
(DBN)

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Student Debt:

Guy Whose Job It Was To Screw You On Student Loans Now In Charge Of Student Loans At CFPB Contentious Choice for Student Borrower Advocate
(DBN)

Treatment of Student Loan Debt Could be Top Predictor of Future Bankruptcy Filing Levels
(DBN)

What happens if you stop paying back student loans? Nothing good.
(DBN)

Average student loan debt for graduates is approaching $30,000, report finds
(DBN)

Trump to grant student loan forgiveness for disabled veterans Trump pledges student loan debt forgiveness for disabled veterans as he addresses AMVETS convention
(DBN)

Student Loans Are an Elizabeth Warren-backed Disaster
(DBN)

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Bankruptcy Crimes:

Centre County businessman admits concealing more than $250,000 in assets in bankruptcy proceeding
(DBN)

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Celebs:

Tisha Campbell-Martin Moves To Block $1.5 Million Home Deal Involving Will Smith Tisha Campbell Martin Doesn’t Want Duane Martin To Get Any Money From The Sale Of Their Home
(DBN)

Jamie Oliver Is Still Mad Rich Despite The Demise Of His Restaurant Empire
(DBN)

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Climate:

Climate change could cost the US 10.5% of its GDP by 2100, study warns
(DBN)

Will Climate Change Lead to a 'Fiscal Tsunami'?
(DBN)

Romney says climate change is happening and humans are contributing to it
(DBN)

The Brazilian Amazon is on Fire The Amazon is burning at a rate not seen since we started keeping track. The smoke is reaching cities 2,000 miles away Why the Amazon is Really on Fire
(DBN)

Trump to Snub September Climate Summit
(DBN)

Louisiana Island Going Underwater
(DBN)

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Event Facilities:

Developer of Oshkosh arena built for Milwaukee Bucks' affiliate files for chapter 11
(DBN)

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Personal Finance:

7 relationship experts reveal the questions you should avoid asking at all costs on a first date
(DBN)

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Fraud:

Lori Loughlin ‘Is Remorseful’ and ‘Has Definite Regrets’ Amid College Admissions Scandal: Source
(DBN)

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Nanotech:

NanoMech allowed to cast off exit deal with former CEO
(DBN)

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Electricity:

PG&E CEO asks lawmakers to approve new debt for bankruptcy exit plan
(DBN)

California utility seeks help in paying wildfire victims
(DBN)

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Non-Profits:

Inside the NRA’s scandals and financial troubles
(DBN)

NRA head Wayne LaPierre made $1.4 million in 2017. Here's what we know, and don't know, about the finances of America's most public gun rights advocate, who can reportedly change Trump's mind on gun policy with a single phone call.
(DBN)

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UK:

Germany’s Merkel says a negotiated Brexit remains within the realm of possibility Merkel Gives UK PM 30 Days to Solve Brexit
(DBN)

A 'hard Brexit' could have massive consequences for global air travel — here's what we can expect
(DBN)

Brexit Britain is becoming a failed state: here is the evidence
(DBN)

How Brexit Got a Lot Harder
(DBN)

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PIIGS:

Greek PM visiting Paris to get investments and new deal with creditors
(DBN)

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Canada:

'The American disease': Canadian companies pouring cash into stock buybacks as backlash grows abroad
(DBN)

Quebec to come up with plan for failing newspapers
(DBN)

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Argentina:

Argentina minister defends peso amid default risk
(DBN)

Argentina Bonds May Be Worth Less Than 40 Cents in a Default
(DBN)

Argentina default “possible”, but not “probable”, says credit rating agency Fitch
(DBN)

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India:

Billionaires Are Facing a Corporate Debt Reckoning in India
(DBN)

Indian Developers Slump on Bankruptcy and Tax Woes
(DBN)

Will new amendments provide IBC more teeth?
(DBN)

Jet Airways' insolvency saga: Final list of prospective applicants delayed
(DBN)

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South Africa:

South African Debt Relief Law ‘No Cause for Alarm’ for Investors
(DBN)

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Germany:

Trump praises Germany’s negative yields but doesn’t mention that its bond sale failed
(DBN)

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Venezuela:

Venezuela Crisis Pushes Women Into 'Forced Motherhood'
(DBN)

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China:

Current Trends in China’s Bankruptcy Filings
(DBN)

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Norway:

Why Norwegian Air is failing
(DBN)

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Brazil:

Bankrupt Avianca Brasil Is Officially Out of Star Alliance
(DBN)

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MENA:

Saudi Judge: Mom Too Western to Raise Child
(DBN)

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