August 28, 2019

The Daily Bankruptcy News

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Law:

Where In Biglaw Are Midlevel Associates The Happiest? (2019)
(DBN)

ABA Profile of the Legal Profession • What lawyers earn in 2019 • The best places to practice in 2019
(DBN)

Kim Kardashian Thinks Her Whole Life Up Until This Point Might Be Why People Aren’t Taking Her Law School Studies Seriously
(DBN)

Eckert Seamans expands bankruptcy practice with hire from LeClairRyan
(DBN)

Where’s The Best Place To Be A Lawyer?
(DBN)

From Glass Walls to Free Snacks, Associates Dish on What They Love, Hate and Fear
(DBN)

What New Supreme Court Cases Reveal About Big Law Billing Rates
(DBN)

Hammer-Wielding Attorney Sues 14 Defendants Over Trademarked Moniker
(DBN)

A group of Harvard law students is trying to get rid of mandatory arbitration clauses
(DBN)

Bankruptcy Lawyer: No magical cure for anxiety, but with persistence, you can train your mind to relax
(DBN)

Why GCs Aren't Buying What Legal Tech Is Selling and Why It Matters for Firms
(DBN)

MPAA General Counsel Arrested for Alleged Blackmail, Sex Abuse Threats
(DBN)

When a Managing Partner Exits a Firm, Does It Signal New Career Goals or Firm Troubles?
(DBN)

Nonlawyer Ownership Push Picks Up Steam in Utah
(DBN)

Lawyer speech triggers both civility and constitutional concerns
(DBN)

For Kirkland junior associates, mock trial program creates court experience
(DBN)

U.S. Rests Case in Greg Craig Trial, Gives Way to Defense Team • Greg Craig Trial Poses Public Relations Test for Skadden • At Greg Craig Trial, Questioning of Ex-Skadden Partner Sparks Tense Exchange Among Lawyers
(DBN)

'I've suffered and he has won': More than 20 of Jeffrey Epstein's accusers gave emotional testimonies in court as prosecutors moved to shut down his case • Epstein accusers in court: ‘He robbed me of my dreams’ • Jeffrey Epstein’s lawyers ‘skeptical’ of suicide ruling, say he wasn’t ‘despairing, despondent’ • Epstein Lawyers Tell Judge Murder Is More Likely Explanation of Death • 'Public Hearings Are Exactly What Judges Do,' Judge Says of Victim Testimony at Post-Death Epstein Hearing • Epstein's accusers get a day in court, though not the one they'd hoped for
(DBN)

Deutsche Bank Tells Court It Has Some Tax Returns Related to Trump Inquiry • Trump's bank has tax records Congress seeks in subpoenas investigating his finances • Trump 'Extremely Nervous' About Tax Returns: Nixon's White House Counsel
(DBN)

Attorney General William Barr booked Trump's DC hotel for $30,000 to host a holiday party for 200 people
(DBN)

U.S. appeals court urged to revive hotel 'emoluments' case against Trump
(DBN)

Federal judge temporarily blocks Missouri's 8-week abortion ban • Indiana's 2017 Anti-Abortion Law Halted Again In Federal Court • Where abortion restrictions stand: The states that have passed laws • How white nationalists aligned themselves with the antiabortion movement
(DBN)

Trump’s push to hold the G7 at a resort he still owns and profits from, explained • Trump: Doral Resort Doesn't Have Bed Bugs • Trump says 'no bedbugs' at his Doral resort. But inspectors have found a host of other problems • Trump has publicly name-dropped his properties at least 70 times as president • Fox & Friends wants you to believe Trump would have G7 at Doral even if he didn’t own it
(DBN)

Trump Wants Border Want Before Election. Promises Pardons if It Breaks the Law • Pro bono hotline for immigrants says ICE retaliated after portrayal on ‘Orange Is the New Black’ • Trump administration pulling millions from FEMA disaster relief to send to southern border • No barrier too high in pursuit of wall
(DBN)

Fourth attacker sentenced in Charlottesville parking garage beating of black man
(DBN)

Ten Years Later, the ‘Gathering Storm’ of White Supremacist Terror Is Here
(DBN)

Idaho must pay for inmate's gender surgery, court says
(DBN)

Harvard freshman says he was denied entry to U.S. over friends' social media posts
(DBN)

Man Spent 82 Days in Jail on Meth Charges. The Meth Was Actually Honey
(DBN)

The Secret Life Of A Bankruptcy Attorney Shows Itself In Fantasy Novels And Drawings
(DBN)


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Judges:

BK PR Closed For Weather
(DBN)

Supreme Court taking on big issues that have been percolating for a while
(DBN)

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Wall Street:

US futures turn lower after key yield curve inverts further
(DBN)

Stocks close lower as trade-fight concerns linger, yield-curve inversion deepens
(DBN)

Americans are googling ‘Dow Jones’ and that could spell trouble for the stock market
(DBN)

Stock dividends are yielding more than the 30-year Treasury bond for the first time in a decade
(DBN)

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Layoffs:

 

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Travel:

A flight was forced to make an emergency landing after the pilot reportedly fainted
(DBN)

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Taxis:

A review of 14,756 rides found Uber and Lyft taking a much bigger slice of drivers' fares than they say they do
(DBN)

Uber made nearly $500 million from a 'safe rides fee' — and that money went straight to the company's pockets
(DBN)

Test Riders Hate Self Driving Taxi Service
(DBN)

Uber and Lyft Have Problems Paying Their Drivers. Here's What It Says About Both Companies
(DBN)

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Aviation:

A Russian company is suing Boeing for hundreds of millions of dollars over its 737 Max order, and it could be the first of dozens of similar lawsuits against the planemaker
(DBN)

Leaked Video of Chairman’s ‘Bankrupt’ Flub Sends Avianca to Record Low
(DBN)

South American Airlines Readjust Post-Avianca • How Avianca Brasil’s Exit From Star Alliance Will Affect South America
(DBN)

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Fish:

US court grants catfish farmer more time to submit bankruptcy plan
(DBN)

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Electricity:

PG&E bankruptcy case keeps getting more complex
(DBN)

How much does PG&E owe wildfire victims?
(DBN)

Government Wildfire Claims Against PG&E Won’t Be Estimated
(DBN)

PG&E starts publicly predicting power shutoffs one week out
(DBN)

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Crypto:

4 Agencies Are Investigating Crypto Exchange QuadrigaCX
(DBN)

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Fraud:

Loughlin & Husband Due in Court
(DBN)

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Healthcare:

Hahnemann University Hospital: Healthcare Bankruptcy Highlights the Tension When Private Equity Collides with the Public Interest
(DBN)

Hahnemann bankruptcy pays millions to consultants, lawyers charging up to $795 an hour
(DBN)

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Politics:

A recession in 2020 would hurt Trump, but it wouldn’t necessarily sink his reelection
(DBN)

Fox News contributor slams Obamas for their $15 million ‘house of hypocrisy’
(DBN)

Joe Biden Says Racism Is 'Institutional' in America
(DBN)

Warrren: Here's how we get broadband Internet to rural America • Elizabeth Warren advised women: 'Don't have children'
(DBN)

Joe Biden gets personal in latest ad
(DBN)

Who will Trump blame if we have a recession?
(DBN)

Trump's approval is way down in key states - as long as you compare it to that one time he was popular 31 months ago
(DBN)

That time Sacha Baron Cohen got Joe Walsh to promote arming small children • The problem with primarying Trump
(DBN)

Rep. Steve King jokes about forcing Muslims in China to eat pork
(DBN)

Officials confirm multiple cases of voting machines changing votes in GOP governor runoff
(DBN)

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Economy:

Richmond Fed: "Manufacturing Activity Was Moderate in August"
(DBN)

Americans' outlook on the current economy is the brightest in 19 years • Consumers still very confident in the U.S. economy despite festering China trade war • Consumer confidence takes slight dip in August
(DBN)

Citizens Business Conditions Index Shows U.S. Corporate Strength Despite Global Economic Headwinds
(DBN)

Trump's stumbles still don't overwhelm the economy for America's small businesses
(DBN)

Key yield curve inverts to worst level since 2007, 30-year rate under 2% • Key yield curve inverts even further as 30-year yield hits new record low
(DBN)

America's Debt Burden Will Fuel The Next Crisis
(DBN)

Jim Cramer breaks down recession fears — ‘I think the yield curve linkage is wrong’
(DBN)

Warning signs are flashing in funds that buy leveraged loans
(DBN)

These charts warn that there is something wrong with the American consumer
(DBN)

Here's why Morgan Stanley thinks the world's biggest economies may be powerless to stop the next recession
(DBN)

Dozens of US manufacturers have told the Trump administration that more China tariffs would hurt them • Farmers’ frustration with Trump grows as U.S. escalates China fight • A year into the trade war, China learns to ride out Trump's turbulence • Trump Wants the Fed to Put Money in His Pocket. His Trade War Is Helping • Could pandas get caught in trade war? • Google to move Pixel smartphone production out of China into Vietnam • US Corporations Have Had It with Trade War • Insiders: Trump Botching Chance of China Deal
(DBN)

Trump reportedly derailed a meeting with G7 leaders when he insisted Russia should be readmitted to the group and everyone slapped him down • Who Was Trump Representing at G7? Not Us • Donald Trump misleads on Russia, Crimea, Obama and the G-8
(DBN)

Former Fed official Bill Dudley urges the central bank not to embolden Trump on trade or his 2020 re-election bid • Dudley encourages the Fed to help sway the 2020 election against Trump • The most dangerous idea in central banking, explained
(DBN)

Do you know what these 17 common workplace buzzwords and phrases really mean?
(DBN)

How a controversial gig economy bill became a test for 2020 candidates
(DBN)

Companies are facing an employee burnout crisis
(DBN)

FactCheck: Last year, South Carolina spent $21,756 per prison inmate and $11,552 per student
(DBN)

Japan Surpasses China as Top Foreign Holder of US Debt
(DBN)

"Chemical Activity Barometer Down in August"
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Want to Fight Foreclosure? Good Luck After Ditech’s Bankruptcy
(DBN)

Case-Shiller: National House Price Index increased 3.1% year-over-year in June • A few comments on the Seasonal Pattern for House Prices
(DBN)

Case-Shiller says home-price gains have slowed to a near 7-year low
(DBN)

Here are the best markets for real estate
(DBN)

NAHB: 20% of homebuyers expect searching for a home to get easier
(DBN)

Mortgage Defaults Rise First Time Since Financial Crisis
(DBN)

FHFA: American home price growth weakens in second quarter of 2019
(DBN)

Millennials aren't buying baby boomers' luxury ranches — and it's a sign of a much larger problem in the US real-estate market
(DBN)

CA: Judge rules Altavita Village bankruptcy sale can move forward
(DBN)

Inside most expensive home for sale in America
(DBN)

Maybe low rates aren’t a panacea? Fitch throws cold water on presumed mortgage lending boom
(DBN)

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

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Municipalities:

Tropical storm Dorian: Puerto Rico braces for emergency as storm blows past Barbados • Tropical Storm Dorian: what we know about its path and its impact on Puerto Rico • Tropical Storm Dorian barrels toward Puerto Rico, Dominican Republic • Tropical Storm Dorian to test a fragile Puerto Rico • Tropical Storm Dorian shifts, could hit Puerto Rico head on
(DBN)

Puerto Rico emergency plan published ahead of TS Dorian
(DBN)

Firefighter union: Serious deficiencies to face Tropical Storm Dorian
(DBN)

Trump complains of 'yet another big storm' as Puerto Rico comes under hurricane watch • Trump repeats false disaster relief claim as Puerto Rico faces storm Dorian • Presidential emergency declared for Puerto Rico
(DBN)

Puerto Rico National Guard activated ahead of Tropical Storm Dorian
(DBN)

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Oil/Gas:

The US is about to send a lot more oil into an already oversupplied world market
(DBN)

Sanchez Energy: Equity Will Be Wiped Out In Bankruptcy
(DBN)

BP's Alaska Exit Is a Sign of Oil's Times
(DBN)

New Mexico’s Oil Boom Is Under Threat
(DBN)

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Retailing:

Bye Bye, Barneys? Why Luxury Is the Latest Retail Casualty
(DBN)

Could Barneys be saved from bankruptcy by online retailer?
(DBN)

Bankrupt Barneys Still on the Hunt for a Buyer as Farfetch Won’t be the One
(DBN)

The 117-year rise and fall of JCPenney, one of America's largest department stores
(DBN)

Foot Locker downgraded twice as analysts say guidance is overly-optimistic
(DBN)

Stop Blaming Private Equity For The Problems Of The Retail Industry
(DBN)

Liberty Tax to buy Sears Outlet stores for $132.9 million
(DBN)

Charming Charlie’s brand assets up for sale
(DBN)

Countdown: Retail Armageddon in 5 Days
(DBN)

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Pharma:

Sackler Family Backs $11B Settlement of Opioid Lawsuits That Would See Purdue Pharma File for Bankruptcy • Sacklers Would Give Up Ownership of Purdue Pharma Under Settlement Proposal
(DBN)

J&J was ordered to pay $572 million for helping fuel the opioid epidemic. The company's market cap increased $15 billion in response • The $572 million fine Johnson & Johnson has to pay for its role in the opioid epidemic is only 4% of its annual profit • Opioids stole approximately 250,000 years of life expectancy in Oklahoma
(DBN)

Johnson & Johnson's Fine May Be the Pin Prick That Keeps Bleeding
(DBN)

Here's How Rising Litigation Charges Are Impacting Johnson & Johnson's Earnings
(DBN)

What risks lie ahead for Johnson & Johnson after $572M opioid ruling?
(DBN)

A 'Danger and Menace': Landmark Ruling Could Bankrupt Opioid Industry, Johnson and Johnson Vows Appeal
(DBN)

Yale law professor: Oklahoma decision likely to impact other drug cases
(DBN)

The J&J Opioid Verdict Is Just How the U.S. Does Regulation
(DBN)

$572M verdict against Johnson & Johnson in opioid suit is based on Oklahoma’s unusual public nuisance law
(DBN)

The thousands of lawsuits against opioid companies, explained
(DBN)

Purdue Pharma reportedly offers $10 billion to settle opioids lawsuit • Purdue Pharma Offers Massive Settlement for Role in Opioid Crisis
(DBN)

Opioid Fines Could Reach $150 Billion in Worst-Case Scenario
(DBN)

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Bankruptcy Crimes:

Former Owner of Two Downtown Houston Bars Set to Appear in Court for Tax and Bankruptcy Fraud
(DBN)

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Hollywood:

Despite Financial Woes, Annapurna Pictures Avoids Bankruptcy
(DBN)

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Pensions:

CalPERS gets candid about ‘critical’ decade ahead
(DBN)

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Student Debt:

In about-face, several ABA employees are told they qualify for Public Service Loan Forgiveness
(DBN)

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New Bankruptcy Opinions
(1 new opinion today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (13 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (50 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:

Sanders’s flawed statistic: 500,000 medical bankruptcies a year
(DBN)

Corporate insolvencies rise for first time in 10 years • Global insolvencies ‘rising faster than expected’
(DBN)

Why A Drop In Bankruptcies Could Signal A Future Corporate Debt Crisis
(DBN)

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Bankruptcy Reform:

Small Business Reorganization Act Signed Into Law—A New Frontier for Small Business Bankruptcies
(DBN)

Four key takeaways from the August 2019 bankruptcy code amendments
(DBN)

President Trump Signs New Bankruptcy Legislation – Is Relief from Questionable Bankruptcy Preference Claims In Sight?
(DBN)

President Signs HAVEN Act to Assist Veterans in Bankruptcy Matters
(DBN)

U.S. Government Raises Chapter 12 Debt Limits
(DBN)

New Legislation Likely to Spur Increase in Bankruptcy Filings
(DBN)

Some Financial Help for the Little Guy: President Trump Does Something Uncontroversial for a Change and Signs Four New Bankruptcy Bills into Law
(DBN)

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D&O:

D&O Policy’s Bankruptcy Exclusion is a Prohibited Ipso Facto Provision and Unenforceable
(DBN)

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Mediation:

“Voluntary” Ideal Leads to Under-Utilization of Court-Connected Mediation Programs: An Experiment Solution
(DBN)

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Private Equity:

Private Equity's Abuse of Limited Liability
(DBN)

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Avoidance Actions:

Second Circuit Holds Trustee’s Recovery of Fraudulent Transfer Is Not Double Recovery
(DBN)

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Personal Finance:

The 25 most valuable college majors
(DBN)

6 things I wish I could tell my 20-year-old self about money
(DBN)

‘Never, ever use a debit card,’ warns fraud expert and ex-con artist—here’s what to do instead
(DBN)

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Celebs:

The hardships of 11 former NFL players show why Andrew Luck's early retirement shouldn't come as a surprise
(DBN)

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Student Debt:

Biden has a plan for student debt. It’s not forgiveness
(DBN)

This state will help you pay off your student loans (and it also has great blueberry pie)
(DBN)

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Agribusiness:

Trump is lying to farmers, and they're finally getting angry about it
(DBN)

Iowa Corn Farmers Fume at Trump for Backing Oil Refineries Instead of Them
(DBN)

Trump Scrambles To Win Back Angry Farmers
(DBN)

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Cross-Border:

Brazilian-based engineering giant Odebrecht S.A. files new bankruptcy case in Manhattan
(DBN)

Selling Assets in Chapter 15 Matters: Practical Considerations in Cross- Border Insolvencies
(DBN)

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Climate:

The Land Battle Behind the Fires in the Amazon
(DBN)

Is the Amazon rainforest really Earth’s lungs? These scientists say it isn’t
(DBN)

Why the Amazon Burns
(DBN)

Eco-Anxiety Over Climate Change
(DBN)

Lake Erie Toxic Algae Bigger Than Los Angeles
(DBN)

____________

Coal:

Blackjewel miners to lose health insurance on Saturday
(DBN)

Attorney: Blackjewel miners need to submit creditor forms for bankruptcy case
(DBN)

Expansion of Montana coal mine gets backing after sale
(DBN)

____________

UK:

Sterling falls as Boris Johnson moves to suspend parliament, making a no-deal Brexit more likely • U.K. government will ask Queen Elizabeth II to suspend Parliament
(DBN)

Bolton bankruptcy battle: Club misses deadline to complete takeover
(DBN)

Creditors of Gulf Marine Services look at hiring adviser as part of debt negotiations
(DBN)

EU Will Block Trade Deal if UK Reneges on Bill
(DBN)

Reporting misconduct by companies, directors and bankrupts to the Insolvency Service
(DBN)

Thomas Cook gets rescue package from China’s Fosun Group • Thomas Cook agrees main terms of rescue deal
(DBN)

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PIIGS:

Five Ways Greece Will Benefit from the Lifting of Capital Controls
(DBN)

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Canada:

QuadrigaCX Trustee Wants Crypto Exchange Case to be Heard in Toronto
(DBN)

Oklahoma ruling in opioid lawsuit gives new hope to Canadians seeking billions from Big Pharma
(DBN)

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MENA:

Iran's president open to talks with U.S. but not a "photo-op" for Trump
(DBN)

FactCheck: We made a ridiculous deal (with Iran). We gave them $150 billion. We gave them $1.8 billion, and we got nothing
(DBN)

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Columbia:

Leaked video showed an airline chairman telling employees the company was 'bankrupt' — and its stock plummeted to an all-time low
(DBN)

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Mozambique:

Group of Mozambique Eurobond creditors to support government Eurobond swap plan
(DBN)

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India:

Recent liquidation regulation changes will not be retrospective
(DBN)

Credit Suisse warns of a new wave of bad loans
(DBN)

A year after IL&FS collapse: Debt, destruction and dithering
(DBN)

Creditors try again to woo new investors for Jet Airways
(DBN)

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Nigeria:

Nigeria Fears Fiscal Crisis as Debts Take Big Pie of Revenues
(DBN)

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Hong Kong:

Hong Kong Protests: Cash Bounties Are Being Offered to Identify Activists
(DBN)

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Singapore:

Bad debt in Singapore predicted to increase due to Sino-US trade war, part of overall dismal economic trends
(DBN)

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