August 7, 2019

The Daily Bankruptcy News

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Law:

BigLaw firms are taking ‘two steps forward, one step back,’ new Thomson Reuters report says
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How to Build a Virtual Law Firm
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Litigation Finance Users Say They'd Do It Again, Survey Finds
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T14 Student Steps Up To Focus On Mental Health Initiatives When Law School Won’t
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Legal Tech Investments Down, But Definitely Not Out, In Q2
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Judge drops one charge against Obama White House counsel Greg Craig in foreign lobbying case
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Federal authorities open domestic terrorism investigation into Gilroy shooting
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Video shows how close the Dayton shooter came to entering a packed bar before being killed by police The Dayton shooter modified his gun with a 'pistol brace,' a device that could become the new bump stock of the gun-control debate Man who drove with Dayton mass shooter and sister before massacre was his best friend - who Connor Betts then shot and is now cops' best hope of finding motive for murders Ex-Girlfriend: Showed Pittsburgh Synagogue Shooting Video -- On First Date Dayton shooting victims: Here are their stories El Paso shooting victims: Here are their stories
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Hundreds gather at NRA headquarters for gun victims vigil
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Sean Hannity's solution to mass shootings: More guns
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These lawmakers receive the most campaign money from gun-rights backers like the NRA
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FBI Agents Association urges Congress to make domestic terrorism a federal crime in the wake of Dayton and El Paso mass shootings A former senior FBI official said agents are hamstrung in fighting white nationalist violence because they're 'wary of pissing off the guy in the Oval Office'
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After mass shootings, people may feel more willing to shoot someone, research says
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‘Red Flag’ Gun Control Bills Pick Up Momentum With G.O.P. in Congress Republicans Fear 'Extinction in Suburbs' Over Gun Control GOP congressman from Dayton backs assault-weapon ban, magazine limits
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Only 3 countries in the world protect the right to bear arms in their constitutions: the US, Mexico, and Guatemala
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Trump incorrectly blamed mental illness for mass shootings, but blocked a rule that would have made it harder for some people with mental illnesses to buy guns
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The owner of 8chan, the online message board that's been repeatedly linked to mass shootings, vows to bring it back from the dead Homeland Security Committee calls on 8chan owner to testify after mass shootings The Lawless Way to Disable 8chan We Cannot Arrest Or Prohibit Our Way Out Of An Ideology
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Walmart corporate employee sends mass email urging workers to go on strike until the company stops selling guns
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What America’s gun fanatics won’t tell you
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Guns surge to top of national conversation
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Mass Shootings Can Be Contagious, Research Shows
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The El Paso shooting isn’t an anomaly. It’s American history repeating itself.
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FactCheck: There are "more gun deaths by far" in the United States than any other country in the world
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Four California voters sue to block law that would force Trump to release his tax returns Trump, GOP sue California over law requiring Trump to release his tax returns
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Mysterious 66th Street NYC building at center of Epstein web Dubin family ties to Epstein included at least one massage referral FL gov orders state criminal probe into Jeffrey Epstein case
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Former FBI agent Peter Strzok sues Justice Department for wrongful firing
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A 5-year-old Florida boy called 911 to order a pizza and cops actually delivered him a pie
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Galveston officers on horseback seen leading handcuffed black man with rope
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Man charged for midair meltdown challenges law, saying it was just rudeness
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Teen Strangled Sister Over WiFi, Gets Life
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Police are Now the Leading Cause of Death for Young Men
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Judges:

House Democrats ask National Archives for Brett Kavanaugh’s White House records
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Judge admonished for ‘deep-seated antagonism’ blames overzealous protection of child’s interests
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NY judge cites 'urgency' of FOIA case regarding Khashoggi
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Ethics rules don’t apply to Supreme Court nominees as long as they get confirmed, a panel of judges concluded
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Wall Street:

Dow futures lower amid lingering trade war concerns
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Dow closes higher after China blinks Markets recover from Monday sell-off after China buttresses its currency
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The stock market is exactly where it was one year ago
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Brace for a 2nd wave of stock-market volatility that could be ‘Lehman-like’, says Nomura
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Tim Mullaney: What if Trump doesn’t back down and calm the markets?
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U.S. government bond yields dip near lowest level in more than 2 years
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Layoffs:

Unemployment is at a record low — yet bankruptcy-related job losses are rising at a rate not seen since the Great Recession
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NPR Announces Newsroom Job Cuts Amid Restructuring
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Remember Floor Traders?
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Most people would rather lose their job to a robot than another human
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With sale of bankrupt company's mines, laid-off workers a step closer to getting back pay
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Agribusiness:

China halts purchase of U.S. farm products China’s exit from US agriculture is a devastating blow to an already struggling sector China Deals ‘Body Blow’ to Struggling U.S. Farm Belt Trump teases more aid to American farmers as China halts buying U.S. products
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Food/Beverage:

Bumble Bee Considers Bankruptcy to Ease Debt and Legal Costs
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Climate:

The New Ruins of the Melting Alps
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El Paso Gunman's Climate Change Manifesto
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Texas Electricity Prices Triple on Heat Wave
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57 dead in Japanese heat wave
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Education:

How Financially Troubled Colleges Rip Off Veterans
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Healthcare:

Cedar Haven owner files for bankruptcy, citing millions in debt
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Westlake Hospital files for Chapter 7 bankruptcy
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Economy:

Fed’s Bullard says he has one more interest-rate cut ‘penciled in’ this year
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The past 4 Fed chairs teamed up for an op-ed warning against political meddling amid pressure from Trump to cut rates further
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Trump’s war on the Fed could shatter the stock market
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Trump's Economy is Decelerating
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The Fed Will Keep Cutting Interest Rates. Thank the Trade War.
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Summer Teen Employment
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US 10-year Treasury yield hits lowest since October 2016 as global bonds rally
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Goldman Sachs predicts the Fed will do something thought unthinkable just a month ago
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BLS: Job Openings "Little Changed" at 7.3 Million in June
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Yield Curve Blares Loudest U.S. Recession Warning Since 2007
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Here’s why the economy feels so bad when it sounds so good
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The most dangerous country in the world is warning its residents about traveling to the U.S.
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China trade fight seen dragging on through 2020 in threat to economy, Trump reelection Trump’s tariffs cost US businesses $3.4 billion in June, trade group says Now it’s getting serious: U.S. import tariffs on Chinese goods heading up to levels last seen in 1930s The Real Costs of Trump's Trade Wars Trade Wars Are Not Good, or Easy to Win Trump Dismisses Fears of Lasting Trade War After series of dramatic escalations, Trump suggests the trade war with China could last until 2020 Trump shrugs off trade war concerns; China warns of market chaos Trump's top economic advisor says the Chinese economy is 'crumbling' even though it continues to grow despite the trade war Here's a breakdown of which healthcare stakeholders are likely to be affected by Trump's China tariffs Here's why Trump is wrong about China manipulating its currency Trump’s designation of China as a currency manipulator, explained Why the ‘tail risk of a currency war can’t be ruled out’ as U.S.-China tensions mount This will be Wall Street’s new obsession as the trade war intensifies Where the U.S.-China Trade Dispute Goes From Here Imported Cheese Prices Are About to Double Due to Proposed Tariffs China sets the yuan midpoint at 6.9996 per dollar, slightly weaker than expected China’s yuan could weaken past 7.5 per dollar if Trump hikes tariffs further Bridgewater’s Ray Dalio backs China despite trade war escalation No, Tariffs Won’t Ruin Christmas China could unleash this weapon on the financial markets to wallop the US
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If Trump backs off, the economy will take off again, award-winning forecaster says
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Bankruptcy-related job losses are rising at rates not seen since 2009, invoking bad memories of the Great Recession
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Where Americans Lack Running Water
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US Debt Clock
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World Debt Clock
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How People Really Live
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Real Estate:

CoreLogic: House Prices up 3.4% Year-over-year in June
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Five surprising new markets enter 2019′s top 10 ZIP codes
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Municipalities:

Puerto Rico Revenue Tops Forecasts by $1 Billion Despite Turmoil
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The Economic Implications of Puerto Rico’s Political Crisis
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What comes next for Puerto Rico?
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Anxious wait for Puerto Rico as court mulls governorship
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Oil/Gas:

Halcón Resources Files for Court Approval of Prepackaged Plan of Reorganization
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Louisiana creditors seek to force Houston offshore marine business into bankruptcy
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Continental to shift focus to electric vehicles
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Politics:

As Biden holds double-digit poll lead, here are the Democrats running for president
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Some skeptical as Trump prepares to visit sites of shootings Trump taunts Beto O'Rourke ahead of El Paso visit Trump's Coming, Tells Beto to be Quiet El Paso Residents Ask Trump to Stay Away
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President Trump Job Approval: 43% Tracking Trump: The President’s Standing Across America
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Trump goes after Google CEO Sundar Pichai in tweetstorm, says the tech giant is being watched 'very closely'
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Here's the salary of every governor in the United States
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Sanders, Warren gain on Biden
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7 Democrats didn't get a single supporter in this New Hampshire primary poll
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Latest GOP retirement highlights party’s growing peril in TX Texas faces turbulent political moment
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Palin Wins Appeal Reviving Defamation Lawsuit Against NYT Sarah Palin’s Back In The News, So That Seal Has Been Opened
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Joe Biden says Trump uses the language of ‘white nationalists’ Joe Biden: Trump "has fanned the flames of white supremacy"
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Tucker Carlson calls white supremacy "a hoax" after El Paso shooting
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Trump promised to end 'American carnage'.
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A 'Fox & Friends' host said it's 'a fact' that America is experiencing a Hispanic invasion, directly echoing the El Paso shooter's manifesto El Paso shooter targeted Latinx people, letting white and black shoppers leave, says victim’s relative
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Dayton shooter may be antifa’s first mass killer FBI finds gunman in Dayton, Ohio, rampage was obsessed with violence
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41% Say U.S. Heading in Right Direction
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Mass Torts:

Boy Scouts failed to protect nearly 800 from sexual abuse, new lawsuit says Boy Scout scandal could be bigger than Catholic Church crisis Boy Scouts failed to stop hundreds of previously unknown sexual predators, lawsuit says
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Claimants Committee Motion to Dismiss Denied by Bankruptcy Court; Finding that Bestwall’s Bankruptcy Reorganization was not Filed in Bad Faith
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Coal:

Judge OKs sale of Blackjewel coal assets to Contura Court approves sale for many Blackjewel mines, promising some upfront cash and jobs Judge approves bid for Black Mountain, Lone Mountain mines
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DOL: Blackjewel coal on tracks ‘hot goods’, asks bankruptcy judge to halt transport
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Protesting Blackjewel Miners To Get Some Overdue Pay From Bankruptcy Sale
(DBN)

Why Coal Country Is Struggling ... Even Under Trump
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Waste:

California's largest recycling business closes all 284 centers, lays off 750
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Television:

Cord-Cutting Speeds Up as TV Providers Scramble to Boost Profits
(DBN)

The Cold, Hard Math Says Netflix Could Crash 70%
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New Bankruptcy Opinions
(6 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Chapter 7, 12 & 13 Private Trustee Locator
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Recent Ch. 11 Filings (Temporarily Unavailable)
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Recent Ch. 11 Adversary Proceeding Filings (6 new filings today)
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Bankruptcy Code (html) - Bankruptcy Code (pdf) Prior BK Codes (pick year from list) - Bankruptcy Rules
(large downloads)

UCLA-LoPucki Bankruptcy Research Database
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Chapter 11 Bankruptcy Case Studies
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Bankruptcy Jobs:

(1) (2) (3) (4) (5) (6) (7) (8)
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Seminars - (Contact us to list your seminar)

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Bankruptcy Statistics:

Chart: Retail Ch. 11 Bankruptcies 2019 YTD
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This common life event can double your risk of filing for bankruptcy
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These 5 states have the most commercial and personal bankruptcies per capita
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Exemptions:

Suspended lawyer can’t shield home in bankruptcy from malpractice judgment, 7th Circuit says
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Bankruptcy Reform:

Anticipated Changes to Bankruptcy Laws will Affect Farmers & Small Businesses
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Administrative Claims:

Fifth Circuit Establishes Test for Determining Administrative Claim Status for a Drilling Contractor’s Post-Rejection Damages Claims
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IP:

Tempnology : Trademark License Rejection in Chapter 11
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Litigation:

Litigation finance firm Burford Capital drops as Muddy Waters says it's shorting it
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Retailing:

Barneys is closing 15 of its 22 stores after filing for bankruptcy. Here's the full list.
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Barneys Taps Kirkland, Katten for Chapter 11 as Retailers' Woes Continue
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Barneys Shows It’s Getting Tougher to Sell a $4,820 Dress
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Barneys New York Secures a Larger Capital Infusion to Pay Bills, Reorganize
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Of Barneys’ Bankruptcy, Pride and the Fall
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Experts weigh in on Barneys’ bankruptcy filing
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Barneys, Near Death Days Ago, Juggles Multiple Rescue Bids
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We went to Barneys' New York flagship store shortly before the retailer filed for bankruptcy. Here's what it was like.
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These 14 retailers have filed for bankruptcy or liquidation in 2019
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Walgreens to close 200 stores in US
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Sears and Kmart store closings list: 21 Sears and 5 Kmart locations to close in October
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Fraud:

North Korean hackers reportedly stole $2 billion from banks and cryptocurrencies to build Kim Jong Un's nuclear weapons
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Student Debt:

All student debt in the US, visualized
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Meet the lawyer who had $38,000 in student debt forgiven — he’s one of just 5% of applicants who did it
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Maritime:

Fascinating history of Belfast shipyard Harland and Wolff revealed as Titanic builder looks set to sink
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Pensions:

Companies are racing to dump their pension plans
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Pharma:

Opioid distributors offer $10 billion settlement
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Wall Street's fear of an opioids settlement
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Autos:

Tesla received a cease-and-desist letter from US agency over Model 3 safety claims
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How VW's Scandal Hurt Other Automakers
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Religion:

October mediation looms in church bankruptcy case to settle clergy sex abuse claims
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Institutional failings on display
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Celebs:

Tori Spelling Assures Good Day New York’s Rosanna Scotto She Can Pay Her Bills After Probing Finance Questions
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UK:

UK PM Delusional About Trade Deal with US
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Venezuela:

Embargo on Venezuela pits U.S. against China and Russia Trump administration threatens penalties on Russia, China for aiding Venezuela's government
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Venezuela Embargo Puts Citgo Bond Payment at Risk
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Hong Kong:

China warns punishment is coming for Hong Kong protesters
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MENA:

Khashoggi killing: Judge orders federal agencies release records
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India:

Jet Airways creditors back small steps towards revival
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The IBC Amendment Bill: Defending the Design of the IBC
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India's Auto Industry is Crashing
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China:

China’s economy faces currency devaluation drag
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