August 8, 2019

The Daily Bankruptcy News

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Law:

LeClairRyan Leaders Moved to Launch New Firm as Partners Left LeClairRyan Acknowledges Firm's Dissolution LeClairRyan Votes To Dissolve After Months of Partner Exits
(DBN)

More people are applying to law school, but it’s not like last year’s ‘Trump bump’
(DBN)

Pace of Migration to Cloud at Law Firms Still Slow, Survey Finds
(DBN)

Fox Adds Bankruptcy Pro Harriet Wallace
(DBN)

Obit: Prominent Milwaukee bankruptcy attorney Daryl Diesing had passion for saving firms
(DBN)

It’s Hard To Be Your Best At Biglaw When You’re Watching People Have Sex
(DBN)

Skadden’s Impressively Large Summer Associate Class
(DBN)

How Kamala Harris Is Driving Big Law Campaign Donations
(DBN)

Massive Law Firm To Become Even More Massiver
(DBN)

Law School Grad Who Got Federal Loans Forgiven Is Still Drowning In Debt
(DBN)

McGahn Now Must Face a Judge After Rebuffing Democrats' Subpoena House Democrats formally file lawsuit to force Don McGahn to testify
(DBN)

Don’t Give White Nationalists the Post-9/11 Treatment Meet the Trump appointee who's putting white supremacists in jail 8chan owner heading to US as lawmakers seek answers Tucker Carlson’s claim that white supremacy is a “hoax” is false — but revealing Tucker Carlson says white supremacy is a hoax. Here are 5 reasons why that’s wrong Trump wants to “detect mass shooters before they strike.” It won’t work To Learn About the Far Right, Start With the ‘Manosphere’
(DBN)

A Doctor's Insights Into Gun Violence And Gun Laws Around The World Loved ones mourn shooting victims as policy debate rages Walmart employees staging a walkout to protest gun sales Trump says he's open to calling Congress back to strengthen background checks as he heads to El Paso and Dayton Trump says he sees 'no political appetite' to ban assault rifles Texas, reeling after El Paso shooting, is about to loosen gun laws Bipartisan ‘red flag’ gun laws plan has support in Congress Trump warned by NRA over background checks Where every 2020 candidate stands on guns Bill Clinton's claim that the assault weapons ban led to 'a big drop in mass shooting deaths' A Reformed White Nationalist Says the Worst Is Yet to Come
(DBN)

El Paso Gunman's Family Releases Statement
(DBN)

Why video games aren’t causing America’s gun problem, in one chart
(DBN)

Illegal crossing arrests at Mexican border dropped by about 20,000 in July: Officials 680 immigrants arrested in Mississippi ICE raids Trump described an imaginary “invasion” at the border 2 dozen times in the past year
(DBN)

Jeffrey Epstein ‘misappropriated vast sums of money from me,’ Les Wexner says
(DBN)

Alleged fake lawyer pleads guilty; he created website using Cravath bios
(DBN)

Lawyer may seek sanctions after winning dismissal of suit filed against him by client’s ex-husband
(DBN)

Manson Family Were Mainstream Americans
(DBN)

Trump "strongly considering" commuting Blagojevich's prison sentence
(DBN)

Disbarred Attorney Admits Stealing The Firm’s AR-15 Forcing Us To Ask, ‘Why Does The Firm Have An AR-15?’
(DBN)

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Judges:

Blue-State Judicial Emergencies Surge as Trump Rushes GOP Picks
(DBN)

'I Felt He Wanted Sex,' CA Appeals Court Judge Testifies About Harassment From Colleague
(DBN)

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Wall Street:

Stock futures rise as bond yields stabilize, China trade data beats estimates
(DBN)

Dow closes little changed after rally back from 589-point drop in wild session US stocks close mixed amid trade tensions, earnings
(DBN)

Stocks likely haven’t bottomed yet because investors aren’t scared enough
(DBN)

10-year yield drops below 1.6%, 30-year yield nears all-time low as collapse in rates accelerates
(DBN)

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Layoffs:

Jobs lost to bankruptcies reach 10-year high
(DBN)

OK: INTEGRIS eliminated 171 corporate, non-clinical positions
(DBN)

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Politics:

Three reasons Trump-Russia hasn't turned into Watergate
(DBN)

Trump the Bulldozer
(DBN)

Elizabeth Warren and Beto O'Rourke: Trump is a white supremacist
(DBN)

Trump attacks Ohio politicians, Biden, Fox News after visiting shooting victims Trump's Solemn Day of Airing Grievances Trump visits El Paso in the wake of mass shooting and praises victims and first responders before launching into tirade against Democratic lawmakers Trump Plays the Victim in El Paso, Dayton Trump words linked to more hate crime? Some experts think so
(DBN)

'Stop hate and racism, starting with yourself': Catholic archbishop hits out at Trump
(DBN)

White House invites tech companies to discuss "violent extremism online"
(DBN)

Ivanka Trump's attempt to highlight gun violence in Chicago backfired when the city's mayor slammed her misleading tweets as 'nonsense'
(DBN)

Potential Dem Senate Candidate Files for Bankruptcy Protection
(DBN)

Why people are mad about a list of Trump donors online
(DBN)

Georgia politician’s trucking business seeks bankruptcy protection
(DBN)

MSNBC’s Wallace apologizes for remark on Trump and Latinos
(DBN)

Why So Many in the GOP are Retiring
(DBN)

America has a terrible digital divide. Elizabeth Warren has a plan for that too.
(DBN)

Trump Says There Are Some Very Bad People on Both Sides
(DBN)

Trump seeks to link Dayton shooter to liberal politics
(DBN)

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Food/Beverage:

Despite stronger sales, Perkins can’t avoid bankruptcy
(DBN)

Perkins Files Chapter 11 With DIP Commitment from Bank of America
(DBN)

Biloxi Brewing Company files for bankruptcy
(DBN)

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Cannabis:

Bankruptcy Roundup XIII: Law and Marijuana
(DBN)

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Taxis:

Uber Created a $6.1 Billion Dutch Weapon to Avoid Paying Taxes
(DBN)

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Healthcare:

Westlake Hospital owners file bankruptcy, put hold on Melrose Park lawsuits
(DBN)

CHS buys back a former Mississippi hospital — for now
(DBN)

Drug overdose deaths spike in urban America
(DBN)

I Found the Outer Limits of My Pro-choice Beliefs
(DBN)

Top 10 U.S. emitters of cancer-causing gas are in Louisiana and Texas
(DBN)

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Economy:

Trump calls for the Fed to cut rates ‘bigger and faster’ and says China is not the problem
(DBN)

The Trump economy once drove interest rates rapidly higher, now they’re collapsing
(DBN)

Central banks around the world are surprising markets with aggressive rate cuts: Here’s why
(DBN)

Tumbling bond yields ramp up the pressure for the Fed to cut rates
(DBN)

China may be willing to accept an economic downturn to hurt Trump and win a better trade deal Wisconsin Farmers Let Agriculture Secretary Know They Are Not Happy With Trump's Trade War Democrats struggle to present a united front on Trump's trade war The global trade war has morphed into a currency war — and markets are tanking Investors try to figure out Trump’s trade war endgame: ‘I can’t even tell you what victory is’ Trump to ban agencies from buying equipment or services from Huawei Here are two scenarios for how the U.S.-China trade war can end Why America will be the biggest loser in the trade war There No Easy Answer to This Trade War China’s exports unexpectedly rise in July — but more US tariffs may weigh on trade China's US Imports Fells 19% in July China Rare Earth Producers Ready to Fight US
(DBN)

US Consumer Costs Surge on Trade War
(DBN)

How Economists’ Faith in Markets Broke America
(DBN)

Amount of global debt with negative yields balloons to $15 trillion How bonds with negative yields work and why the phenomenon is so bad for the economy
(DBN)

UN Warning on World's Hungry Future
(DBN)

Meet Generation Alpha, the 9-year-olds shaping our future
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Did Your Developer Go Bankrupt and Leave your Association Holding the Bag? Your Remedy May Lie Within the Developer Agreement
(DBN)

Yield Maintenance Premiums: The Continuing Saga of Premiums Charged after Involuntary Acceleration
(DBN)

Real House Prices and Price-to-Rent Ratio in May
(DBN)

Las Vegas Real Estate in July: Sales down 2% YoY, Inventory up 71% YoY
(DBN)

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

Consumers Raise Legal Claims At Ditech Ch. 11 Confirmation
(DBN)

Foreclosures fall 18% from last year in Q2
(DBN)

Zillow Using Our Data to Flip Houses
(DBN)

Housing sentiment hits record high, as bidding wars vanish
(DBN)

San Francisco's next housing battle: Corporate rentals
(DBN)

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Municipalities:

Per Puerto Rico's Supreme Court, Pedro Pierluisi is out, Wanda Vázquez will become new governor Puerto Rico's Supreme Court ousts its new governor Puerto Rico just kicked out another governor Wanda Vázquez is the new governor of Puerto Rico. She faced heat before ever taking the office: Here's why Third Puerto Rico Governor Since Friday Steps Up Reluctantly
(DBN)

Cabrillo schools will ask for parcel tax to help stave off insolvency
(DBN)

How Best to Save a Struggling City? Agency by Agency
(DBN)

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Oil/Gas:

Oil drops 5% on worries about economic growth
(DBN)

Halcon Resources files for bankruptcy again Houston upstream co. files for Chapter 11 bankruptcy protection again with $945M in debt Halcón Resources Files for Court Approval of Prepackaged Plan of Reorganization First Day Dec
(DBN)

Stranded shale assets send a warning to Argentina and others
(DBN)

Deadline set in White Star Petroleum bankruptcy: Mineral rights owners have until Aug. 23 to file claims
(DBN)

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Education:

Dowling trustees, creditors near settlement of $50M suit
(DBN)

The 50 most underrated colleges in America The 50 best colleges for your money
(DBN)

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Travel:

The best and worst US airports
(DBN)

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Pharma:

Federal judge appears likely to certify unusual ‘negotiation’ class for nation’s cities in massive opioid case
(DBN)

Opioid Uncertainties Grew and Investors Headed for the Exits
(DBN)

How Democrats want to limit drug prices
(DBN)

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Fraud:

Martin Shkreli Wants To Keep ‘Not’ Defrauding New Jersey Contractor A Little Longer
(DBN)

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Logistics:

Jack Cooper Announces Comprehensive Restructuring to Ensure Long-Term Viability Auto hauler Jack Cooper Ventures files Chapter 11, seeks buyer First Day Dec
(DBN)

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Electricity:

Rejecting Power-Purchase Agreements in Energy Cases: Do Bankruptcy Courts Have Exclusive Jurisdiction?
(DBN)

Sonoma County leaders outline plans to help residents brace for PG&E power shut-offs
(DBN)

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Religion:

More than 220 people sue on Guam alleging clergy sex abuse
(DBN)

Testimony: 12-year-old says DC priest groped, kissed her
(DBN)

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Hollywood:

Megan Ellison responds to reports of Annapurna financial woes Megan Ellison Addresses Annapurna Staff Amid Chapter 11 Reports Megan Ellison's Annapurna Pictures Exploring Bankruptcy Annapurna Bailout By Larry Ellison Likely As Chapter 11 Looms For Megan Ellison’s Oscar-Winning Studio
(DBN)

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Mass Torts:

Former Michigan State dean sentenced to prison for 'neglect of duty' in Larry Nassar abuse
(DBN)

Biles on USA Gymnastics' failures: 'You couldn't protect us'
(DBN)

Lawsuit Says Former Boy Scouts Have Named 350 More Abusers
(DBN)

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Non-Profits:

NRA chief sought purchase of luxury mansion in wake of Parkland shooting NRA board members defend LaPierre's push for Texas mansion
(DBN)

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New Bankruptcy Opinions
(4 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (69 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (25 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:

Bankruptcy filings creeping up – Central District of California
(DBN)

The boomers going bust: why elderly bankruptcy is rising in America
(DBN)

July Commercial Chapter 11 Filings 2009-19 July Commercial Bankruptcy Filings 2009-19
(DBN)

Pittsburgh: Business bankruptcies up in Q2, trend expected to continue
(DBN)

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Litigation:

Short Seller Takes Aim at Burford, Calling Litigation Funder ‘Insolvent’ Muddy Waters Short Wipes $2 Billion Off Burford Market Value
(DBN)

With Insolvent Companies, the Earlier a Litigation Funder Is Involved, the Better
(DBN)

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Bankruptcy Fees:

How Debtors Are Fighting The Ch. 11 Fee Increase
(DBN)

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Constitution:

How the Bankruptcy Stay Passed Constitutional Muster — A Depression-Era Opinion that’s a Model for Today
(DBN)

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Privilege:

Liquidating Trustee Succeeds to Privileges of Former Audit Committee
(DBN)

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Subordination:

Third Circuit’s EFH Decision Is Another Blow to Senior Secured Creditors Attempting to Enforce Subordination Agreements
(DBN)

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Agribusiness:

Trump's trade war keeps punishing farmers. But farmers remain optimistic.
(DBN)

Black families once lived off their farmland. Their descendants are struggling to hold onto it.
(DBN)

US soybean farmers are working new markets now that exports to China have tanked
(DBN)

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Retailing:

New role for mall landlords: Lender?
(DBN)

Barneys has until Oct. 24 to find a buyer and avoid liquidation
(DBN)

Barneys’ Bankruptcy Shows Dangers of Luxe Department Store Expansions
(DBN)

Can Barneys rise again?
(DBN)

Doors closing: Barneys New York files for Chapter 11
(DBN)

Richard Perry’s Bankrupt Barneys Bets Its Future on Madison Ave.
(DBN)

What We Know So Far About Barney’s Bankruptcy and Store Closing Plans
(DBN)

As Barneys files for bankruptcy, here are the best ways to get a designer deal
(DBN)

J.C. Penney Creditors Seek Talks for Potential Debt Swap
(DBN)

Eddie Lampert Loses Ruling Tied to $718 Million Claim on Old Sears
(DBN)

More U.S. Sears, Kmart Stores Are Slated for the Chopping Block
(DBN)

A'GACI Files In WD TX
(DBN)

Can Britain’s Top Bookseller Save Barnes & Noble?
(DBN)

Sinking middle class to blame for death of department stores, not just internet
(DBN)

Amazon Should Repurpose GameStop To Prime Stores
(DBN)

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Climate:

Rising global temperatures wreak havoc on urban "heat islands"
(DBN)

Administration Suppressing Climate Science
(DBN)

The hottest month ever. Literally.
(DBN)

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Tech:

White House drafting executive order to tackle Silicon Valley’s alleged anti-conservative bias
(DBN)

Trump says Google is biased against conservatives. Here’s how search actually works Trump’s executive order on social media bias is a distraction
(DBN)

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Coal:

Hundreds of Blackjewel miners gather at railroad tracks for answers from bankruptcy court Protesting Blackjewel Miners Could Get Some Overdue Pay From Bankruptcy Sale
(DBN)

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Autos:

One of the nation’s largest car haulers files for bankruptcy
(DBN)

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UK:

Trump will be ready with 'pen in hand' to sign a post-Brexit trade deal with Britain, says Mike Pompeo
(DBN)

What Exactly Is Boris Johnson Doing?
(DBN)

Britain, Show Us Growth, Not Cash
(DBN)

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EU:

The ECB Is Dragging Us Deeper Into Madness
(DBN)

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Canada:

Chase Bank forgiving all debt owed by its Canadian credit card customers
(DBN)

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Venezuela:

Maduro government pulls out of talks with Venezuela opposition over U.S. sanctions
(DBN)

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India:

Vijay Mallya makes another offer of 100 per cent loan payback
(DBN)

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MENA:

Switching up the way that insolvency and bankruptcy is dealt with in the DIFC – a review of the new DIFC Insolvency Law
(DBN)

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