August 6, 2019

The Daily Bankruptcy News

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Law:

Courts, Lawyers Must Address AI Ethics, ABA Proposal Says
(DBN)

Yet Another Biglaw Firm Is Improving Its Parental Leave Benefits For Associates
(DBN)

July Surge in Professional Jobs Leaves Legal Sector Behind
(DBN)

Hundreds Of Law School Grads Seek Refunds After California Bar Exam Essay Topic Leak
(DBN)

The Number Of People Applying To Law School Is Up Again This Year, Proving The ‘Trump Bump’ Is More Than Just A Fleeting Trend
(DBN)

This Is Where All The People Who Want To Go To Law School Come From
(DBN)

The Legal Chief Of Staff: A Critical Role For General Counsel’s Success
(DBN)

BakerHostetler Can’t DQ Pierce Bainbridge in $15M Malpractice Case
(DBN)

Never Too Soon—Business Development Strategies for Junior Associates
(DBN)

A smoking-gun document offered by ex-employee of opposing party? Beware ethical risks, opinion says
(DBN)

Who Runs The [Recruiting] World?
(DBN)

48 Words We Mispronounce
(DBN)

Inside the mysterious Manhattan apartment building on East 66th Street, where underage models, lawyers, and key players in Jeffrey Epstein’s sex trafficking circle all live. Former Israeli Prime Minister Ehud Barak is a frequent visitor • The Jeffrey Epstein–Victoria’s Secret Connection
(DBN)

Michael Cohen Sues Trump in State Court Seeking Recovery of Legal Fees and Costs
(DBN)

DC Judge Questions Continued Secrecy of Mueller Report • Judge questions Barr's handling of Mueller findings
(DBN)

Roger Stone, Still Fighting to Use Social Media Loudly, Files 1st Amendment Petition Against Gag Orders
(DBN)

Trump denounces racism and white nationalism after mass shootings • "Hate has no place in America": Trump addresses nation after mass shootings • After backlash, New York Times amends headline on Trump's response to shootings • 2020 Democrats attack New York Times for headline giving Trump an easy ride on his response to mass shootings • Trump says U.S. must condemn white supremacy with ‘one voice’ after shootings • Trump vows urgent action after shootings, offers few details • What to do about 8chan, the net's atrocity megaphone • 8chan Deplatformed • The era of white nationalism • 8chan founder calls for site to shut down after El Paso shooting • 8chan, the infamous message board linked to the El Paso shooting, was briefly back up before getting taken down again by another service provider • 8chan explained: The online message board that's been repeatedly linked to mass shootings is facing renewed scrutiny in the wake of two deadly shootings • Republican state lawmaker in Nebraska says his party is 'enabling white supremacy' • Why 'humiliation plus entitlement' is what leads certain men to commit shooting sprees • El Paso, where a gunman reportedly worried about a 'Hispanic invasion of Texas' shot up a Walmart, is one of the country's largest Latino cities • Retail workers say they're scared to go to work after 2 shootings this weekend at a Texas Walmart and a bar in Ohio • Mitch McConnell Remains Silent on Pushing Gun Regulation Through Senate • Ohio state representative blames shootings on gay marriage, video games, open borders • Calls Grow for GOP Rep to Quit for Blaming Dayton Shooting on Gay Marriage
(DBN)

80,000 People Killed By U.S. Gun Violence In 5 Years • America’s gun problem, explained • Schumer, Pelosi demand McConnell cancel Senate recess to pass gun control • Violent video games don't cause mass shootings • 5 countries that have taken radical steps to eliminate firearm deaths — and what the US can learn from them • Biden pledges assault weapons ban and federal buyback program • Authorities scour leads in mass shootings that left 31 dead • Protesters flock to NRA headquarters in Virginia to demand stronger gun laws
(DBN)

America's mental health problem isn't mass shootings • Mental Illness Not Driving Mass Shootings
(DBN)

Walmart Says It Won't Stop Selling Guns
(DBN)

Ex-girlfriend says Dayton shooter heard voices, talked about 'dark, evil things' • 'Leftist' Dayton Shooter's Twitter Account Praised Satan, Socialism • Police “neutralized” the Dayton shooter in 30 seconds. He still shot 14 people.
(DBN)

The NRA expressed its 'deepest sympathies' about El Paso and Dayton shootings just weeks after lobbying for looser gun laws in Texas
(DBN)

The Trump-Backed Gun Bill That Congress Might Actually Pass
(DBN)

Obama condemns leaders who "demonize" immigrants in statement on mass shootings
(DBN)

FBI Crushed Klan, Why Not Supremacists?
(DBN)

I toured the abandoned Eastern State Penitentiary in Philadelphia, and what I saw seriously creeped me out
(DBN)

Att’y Disbarred for Forging Signature, Cashing Check
(DBN)

Suspended N.Y. Attorney Disbarred For Assaulting Ex-Girlfriend
(DBN)

There’s So Much Between The Lines In This ‘Disbarred Lawyer Arrested For Shoplifting And Drugs’ Story
(DBN)

Camarillo attorney faces suspension, probation over allegations in bankruptcy case
(DBN)

Handcuffing of second grader didn’t violate his constitutional rights, 8th Circuit says
(DBN)

Ferrari Threatens To Sue Guy For Owning A Ferrari While Acting Like A D-Bag
(DBN)

Black Men 2.5 times More Likely to Be Killed by Police than White Men
(DBN)

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Judges:

Justice of the peace accused of longtime domestic abuse is suspended from the bench
(DBN)

Judge’s 20-Year Reign Of Alleged Sexual Misconduct Goes On Trial
(DBN)

Deconstructing  Clarence Thomas
(DBN)

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Wall Street:

U.S. stock futures recover from steep early losses after Chinese move on yuan • Dow futures rebound more than 200 points after China stabilizes its currency • U.S. stock futures recover after PBOC move
(DBN)

Dow plunges 760 points in worst day of 2019 as trade war intensifies • Dow futures fall, implying a 400-point drop on Tuesday as trade war fears batter Wall Street
(DBN)

Jeff Bezos' net worth plunged by $3.4 billion in Monday's stock rout — and the rest of the world's super rich lost $117 billion
(DBN)

These stocks have plunged the most since Powell and Trump crashed investors’ party
(DBN)

The Dow just posted a mighty big drop in a single day. Here’s what usually happens next...
(DBN)

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Layoffs:

Coal Miners Protesting Over Wages Take Step Toward Getting Paid
(DBN)

rePlanet lays off hundreds of workers, closes recycling centers
(DBN)

About 100 North Dakota workers impacted by Whiting layoffs
(DBN)

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Climate:

July 2019 was the hottest month on record
(DBN)

Climate liability is on the rise. Here's what it looks like
(DBN)

Water bankruptcy looms for one in four people worldwide, researchers warn
(DBN)

Climate Change Meeting: 114 Private Jets, Maserati SUVs and Mega Yachts
(DBN)

Alaska's sea ice has completely melted away
(DBN)

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Newspapers:

The largest newspaper companies in the U.S. are set to combine • Gannett Swooped Up by Newspaper Chain for $1.4B • America's two largest newspaper chains are joining forces. Will it save either?
(DBN)


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Politics:

After wave of GOP retirements, House Democrats look to break further into red stronghold Texas
(DBN)

Jared Kushner Saw Trump Presidency As Chance to 'Dig Himself Out Of' Debt, Pushed Ivanka to Move to D.C.: Report
(DBN)

Trump and Biden Both Mix Up the Locations of Mass Shootings
(DBN)

Embattled alderman and her kids’ troubled finances: a trail of bankruptcies
(DBN)

Misinformation haunts 2020 primaries
(DBN)

But Trump Said The Price of New Air Force One Went Down $1 Billion
(DBN)

Michigan Voted for Fair Elections So the GOP Sued
(DBN)

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Economy:

Former Fed chairs say the US central bank must be free of ‘political pressures’
(DBN)

Trump’s Real Target Is the Fed, Not China
(DBN)

U.S. service sector slows in July to weakest rate in almost three years • ISM Non-Manufacturing Index decreased to 53.7% in July
(DBN)

The Bond Market Goes Through the $14.5 Trillion Looking Glass
(DBN)

Negative-Yielding Debt Hits Record $15 Trillion on Trade Woes
(DBN)

China fires biggest warning shot yet in trade war and now it’s up to Trump to decide how far to go • Goldman Sachs no longer expects US-China trade deal before 2020 election • Chinese yuan weakens past key milestone as trade war heats back up • US Treasury designates China as a currency manipulator • Yale economist Stephen Roach: US declaring China a currency manipulator is an ‘empty threat’ • Kyle Bass: China’s currency would collapse 30% to 40% if they stopped supporting it • China just 'all but abandoned hopes for a trade deal with the US,' economist says • This is why large retailers like Amazon, Walmart & Costco won’t be as impacted by fresh tariffs • Trump's trade war is wreaking havoc on the private jet industry • Latest US-China tensions could be the trade version of ‘the end of the world as we know it’ • Rating China’s retaliation in the trade war: ‘On a scale of 1-10, it’s an 11’ • Why a falling Chinese yuan crushed the stock market and intensified the trade war • The US and China are dragging currencies into their escalating fight. Here’s what you need to know • Trump increasingly relies on himself, not his aides, in trade war with China • Markets are steady after Monday's rout — but Trump's 'currency manipulator' label on China means the trade war will drag on
(DBN)

Global recession will come in 9 months if Trump takes this one step, Morgan Stanley argues
(DBN)

The superrich are selling stocks, buying properties and keeping cash ready
(DBN)

Obama advisor Larry Summers warns the world is at 'most dangerous financial moment' since 2009 as global markets reel from trade war escalation
(DBN)

Bernie Sanders, Elizabeth Warren and 8 other Senators sent Sundar Pichai a letter urging him to reclassify Google's army of temp workers as full-time employees
(DBN)

Half of young Americans say college is no longer necessary
(DBN)

The U.S. Economy Has Been Growing for 10 Straight Years. See Which States Are Getting Ahead -- And Which Ones Aren't
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Black Knight Mortgage Monitor for June: Increase in Delinquencies due to Timing and Seasonal Factors • Mortgage delinquencies spike 11% in June, but blame the calendar
(DBN)

Mortgage rates sink to 3-year low, but one-third of borrowers are making this big mistake • Mortgage Rates Fall Sharply, 3.5% 30 Year Fixed
(DBN)

Update: Framing Lumber Prices Down 20% Year-over-year
(DBN)

Americans want more affordable housing, just not in their neighborhoods
(DBN)

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Municipalities:

Puerto Rico high court to weigh legitimacy of U.S. territory's governor • Puerto Ricans Await Court Decision on Potential New Governor • Puerto Rico’s Succession Drama Shifts to Island’s High Court • Puerto Rico's leadership crisis deepens as senate president sues
(DBN)

Puerto Rico’s New Governor Helped Plunge the Island Into Crisis
(DBN)

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Oil/Gas:

Weatherford gets another $250M to keep operating during bankruptcy • Weatherford Receives Final Court Approval of DIP Financing
(DBN)

5 Most Levered Firms In Midstream
(DBN)

Hornbeck Offshore: Negotiations With Creditors, Potential Equity Issue, And Even Acquisitions
(DBN)

PES Refinery Advisory Group holding 1st public meeting after fire
(DBN)

Oil Crashes On New Trade War Escalation • Oil Reverses Drop Following China Yuan Fix
(DBN)

Oil Needs To Be Below $20 To Compete With Electric Cars
(DBN)

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Personal Finance:

An Oregon man who accidentally threw $23,000 into a recycling bin has been reunited with his cash
(DBN)

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Travel:

A former flight attendant reveals the 2 good habits that make a passenger stand out
(DBN)

Airline reveals it’s monitoring passengers with onboard cameras
(DBN)

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Movie Theaters:

Luxury theater chain iPic Entertainment files for Chapter 11 bankruptcy, to pursue sale • iPic Entertainment Files for Chapter 11, Will Pursue Sale • A luxury movie theater that IPO'd 18 months ago at a $200 million valuation has filed for bankruptcy • Cinema Chain iPic Files For Chapter 11 Bankruptcy: Enter Netflix, Apple Or Amazon? • iPic theater chain files for bankruptcy protection and seeks buyer • Luxury iPic theater filed for bankruptcy but don’t worry, it’s staying open, CEO says • IPic Sinks After Filing for Chapter 11 Bankruptcy • First Day Dec
(DBN)

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Food/Beverage:

Perkins & Marie Callender's files for bankruptcy again, to sell assets • Perkins & Marie Callender’s Seeks Sale in Chapter 11 Bankruptcy • Marie Callender's Files Chapter 11 Bankruptcy, Closes 19 Locations • Perkins & Marie Callender's Restaurants Eyeing Sale In Ch. 11 • Here are the 29 closed Perkins, Marie Callender's restaurants • First Day Dec
(DBN)

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Coal:

Blackjewel Miners Continue Protest As Bankruptcy Hearing Looms • 'Pay the miners first': Laid-off coal workers go to Blackjewel bankruptcy for back wages • 'We just want our back pay': Busloads of angry laid-off Kentucky coal miners head east
(DBN)

A former coal tycoon donated over $1 million to coal miners whose employer declared bankruptcy
(DBN)

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Agribusiness:

Producers Need to Be Transparent With Bankers
(DBN)

Farmers Exasperated by Trade War Moves
(DBN)

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Tech:

Facebook hit with new questions over Cambridge Analytica
(DBN)

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Fraud:

Ex-Brixmor property CEO, CFO charged in accounting fraud
(DBN)

AIG employee arrested after cocaine-fueled fraud
(DBN)

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Private Equity:

Warren’s Private Equity Plan Has One Fatal Flaw
(DBN)

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Healthcare:

Individuals with Two-Year Gap in Medical Coverage Nearly Twice as Likely to File for Bankruptcy
(DBN)

Evena Medical files for bankruptcy after a decade trying to develop technology
(DBN)

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Television:

Nearly 25% of households will ditch traditional TV by 2022
(DBN)

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Corporate Governance:

Court of Chancery Addresses Personal Jurisdiction Over De Facto LLC Manager
(DBN)

Recent Delaware Caremark Duty Decision Underscores Board Cyber and Privacy Liability Risks
(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 (49 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (2 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:

July Total Bankruptcy Filings Increase 3 Percent from Last Year, Commercial Filings Increase 4 Percent
(DBN)

More people filed for bankruptcy per capita in these 5 states in July — and there was a 5% increase nationwide
(DBN)

Weekly Bankruptcy Claims Trading Activity
(DBN)

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Bankruptcy Reform:

Elizabeth Warren wants to change the bankruptcy code. Here's what that could mean for American workers
(DBN)

Farmer bankruptcy bill heads to President
(DBN)

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Receivers:

Fifth Circuit Affirms Bar Orders in Receivership, Bars Creditors From Pursuing Claims Against Settling Defendants
(DBN)

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Bankruptcy Rules:

Meeting Set For Advisory Committee on Bankruptcy Rules
(DBN)

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Litigation:

The Algorithm Says You’ll Win the Case. What Do You Say?
(DBN)

Litigation in the Bankruptcy Venue: Similarities with General Federal Practice in Regard to Privilege and Expert Discovery
(DBN)

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Education:

The 50 most underrated colleges in America
(DBN)

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Retailing:

Barneys Is Talking With Another Lender for Chapter 11 Turnaround • High-end retailer Barneys files for bankruptcy • Barneys New York files for bankruptcy and announces 15 closing stores. See the list • Barneys, a nearly century-old icon of New York retail, files for bankruptcy • Barneys New York Secures $75 Million in New Capital to Facilitate Going Concern Sale Process • The Fall of Barneys Burns a Hedge-Fund Star • Prediction: Barneys New York Will Liquidate • Barneys Files for Bankruptcy As Rents Rise and Visitors Fall • Barneys, Global Symbol of Creative Cool, Files for Bankruptcy
(DBN)

The Sears Bankruptcy Headwind Is Fading for Seritage Growth Properties
(DBN)

JC Penney, Tariffs And Other Challenges The Retail Industry Should Watch Now
(DBN)

For J.C. Penney CEO, debt haunts turnaround bid
(DBN)

Macy's Stock Plunges on Tariff Fears, but It Will Bounce Back
(DBN)

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Aviation:

Boeing conducts 500 test flights of troubled 737 Max jets in bid to restore trust following crashes
(DBN)

Bristow files for bankruptcy exit
(DBN)

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Electricity:

PG&E brawl provides a test case for US bankruptcy process
(DBN)

Sonoma County PG&E power shut-offs to address wildfire risk may last days
(DBN)

AI and Bionic Eyes Are Helping to Contain Raging Wildfires
(DBN)

Cali wildfire bailout results in electric rates 70% higher than national average
(DBN)

California Public Utilities Commission to hold public hearings in connection to PG&E rate increase
(DBN)

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Taxis:

Uber and Lyft Admit They Make Traffic Worse
(DBN)

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Gambling:

Casino Investor, Noteholders Want Ch. 11 Probes Into IPO
(DBN)

Caesars H1 loss widens despite increased Las Vegas revenue
(DBN)

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Maritime:

Harland and Wolff: Insolvency request to be filed
(DBN)

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Music:

PledgeMusic Moves Toward Liquidation: What Artists Who Are Owed Money Can Do
(DBN)

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Student Debt:

Should Your Student Loans Really Be Canceled?
(DBN)

New bill on students pledging future income ‘an open license for discriminatory financing’
(DBN)

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UK:

Harland and Wolff, the 158-year-old shipyard in Northern Ireland that built the Titanic, is preparing for bankruptcy
(DBN)

English Court Provides Guidance on Director Liability for Dividends
(DBN)

Boris Johnson Rejects EU's View of Talks
(DBN)

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Hong Kong:

Hong Kong’s new normal: Near-daily cycle of street protests, police crackdowns
(DBN)

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Russia:

Russians Pull Out Credit Cards, and Consumer Debt Spirals
(DBN)

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Singapore:

Honestbee faces millions in creditor demands, owes at least $209m
(DBN)

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India:

IBC unraveled
(DBN)

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Australia:

Is This The Death Of Pre-Packs? – Anti-Phoenixing Bill Rises Again
(DBN)

Clive Palmer held court in the Queensland Nickel trial. Then he settled • Clive Palmer agrees to repay millions but may still have to take the witness stand
(DBN)

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Venezuela:

Trump imposes sanctions on Venezuelan government’s assets • Trump expands Venezuela sanctions to total economic embargo
(DBN)

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