August 9, 2019

The Daily Bankruptcy News

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Law:

LeClairRyan closing amid budget shortfalls, partner exits • Biglaw Firm Finally Admits It’s Closing
(DBN)

Last Jones Day Jane Doe Must Reveal Identity in Bias Suit
(DBN)

Legal secretary’s suit claims partners’ tirades constituted sex bias, caused panic attack
(DBN)

Abusive Partners Are Still A Problem Firms Have A Hard Time Facing
(DBN)

Biglaw Firm Wows All Employees With Brand New Family-Friendly Benefits
(DBN)

Uproar as Allen & Overy partner dons yellow burqa
(DBN)

Conservative Law Student Objects To Being Negatively Stereotyped For Wearing MAGA Hat, #BuildTheWall T-Shirt
(DBN)

The Most Effective Tech Tools For Lawyers? New Survey Says They Ain’t What You Think
(DBN)

Harvard Beats Claim It Dumbs Down Law Review for Race and Gender
(DBN)

No-Shows Up for Calif. Bar Exam as Leak Controversy Swirls
(DBN)

Clifford Chance hikes trainee salaries
(DBN)

Worst sexist faux pas revealed by female barristers
(DBN)

Deutsche Bank and Wall Street banks reportedly gave Congress thousands of documents related to Russians with possible ties to Trump
(DBN)

Andrew McCabe sues Justice Department over "politically motivated" firing
(DBN)

House Sues McGahn Over Impeachment Issues
(DBN)

Second Major Sex Crime Charge Against Jeffrey Epstein Jogs Lex Wexner’s Memory About Being Embezzled From That One Time
(DBN)

Why the El Paso shooter isn’t being charged with terrorism • Experts push for domestic terrorism law after attacks • Gun-control policies like universal background checks have different impacts in cities and rural areas, new study says • Pelosi asks Trump to order Senate back to session to pass gun control • After El Paso Shooting, Workers Plot Their Own ‘What-If’ Escape Plans • Mother of El Paso shooter called cops BEFORE the massacre because she was worried about her son owning an AK-47
(DBN)

Scandal-ridden NRA head LaPierre digs in against gun control • After shootings, Democrats rethink reluctance on assault weapons ban • McConnell raises possibility of Senate action on gun legislation
(DBN)

Community Rallies Around Kids of Detained • Number of migrants arrested at border drops for first time in 5 months • ICE releases 300 of 680 detainees in Mississippi, some on 'humanitarian grounds' • ICE raids in Mississippi may indefinitely separate some children from their parents • Officials stand by immigration raids that left children without parents • The Mississippi ICE raids expose the biggest problem with US immigration laws • Illegal crossings at U.S. southern border drop for second consecutive month • Guatemala's next president likely to face pressure from Trump over 'safe third country' agreement
(DBN)

Harvey Weinstein Began Selling Property Before October 2017 Articles Detailed Flood of Sexual-Misconduct Allegations
(DBN)

Court Rules Texas D.A. Must Face Political Retaliation Claims by 3 Ex-Employees
(DBN)

DA can’t be sued for firing 4 higher-level employees who supported his opponent, 5th Circuit says
(DBN)

Harvard Law School Grad Gives Up Biglaw To Tell People How To Use Simple Appliance
(DBN)

McCarter & English Lawyer Leads Navy SEAL Swim Across Hudson
(DBN)

Trump, getting facts wrong, says he may free Blagojevich
(DBN)

Vandal hijacks 'shocked' firm's site to say it's 'falling apart' and 'useless'
(DBN)

How a petty fight in a wealthy neighborhood ended with a home covered in giant emoji
(DBN)

Man claims President Trump inspired him to attack 13-year-old who wore hat during national anthem, lawyer says
(DBN)

Donald Trump Has Used A Secretive Justice System To Keep Lawsuits Against Him Out Of Court
(DBN)

Appeals court rules against Obama-era proposal to restrict criminal-background checks for job applicants
(DBN)

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Judges:

Lawyer who threatened to pursue citizen’s arrest of judge is suspended for 30 days
(DBN)

Judges Can’t Appoint Their Own Prosecutor in Spat With Clerk
(DBN)

Judges Explain Rule of Law, Why It Matters
(DBN)

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Wall Street:

US stock markets set for a lower open as trade optimism fades
(DBN)

Dow closes 371 points higher; S&P 500 and Nasdaq end back in the black for the week
(DBN)

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Layoffs:

Amazon delivery robots are officially on the streets of California
(DBN)

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Food/Beverage:

Pizza Hut could shut down as many as 500 dine-in locations across US
(DBN)

Double Whammy Hits a Perkins Franchisee
(DBN)

Bumble Bee Foods said to be mulling bankruptcy to overcome debt woes
(DBN)

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Hotels:

Hotels: Occupancy Rate Decreased Year-over-year
(DBN)

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Video Games:

What Remains of Edith Finch publisher’s parent company ‘exploring bankruptcy protection’
(DBN)

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Coal:

America’s coal capital knows it must rethink its future
(DBN)

Cloud Peak auction pushed back again
(DBN)

Contura May Close Wyoming Mines Sooner Than Anticipated
(DBN)

Knoxville mining company buys 2 Blackjewel operations, pledges to repay miners • Knoxville-based company announces it will take over certain Blackjewel assets
(DBN)

Approved bankruptcy sale restores some back pay, could reopen coal mines
(DBN)

Questions surround Blackjewel debt to feds
(DBN)

Louisville group collects donations for Harlan miners
(DBN)

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Hollywood:

Is Annapurna on the Edge of Bankruptcy?
(DBN)

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Travel:

US transportation officials just said Delta can't ban pit bulls from coming aboard as service dogs
(DBN)

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Personal Finance:

5 money-saving tips people hate
(DBN)

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Newspapers:

The Sad Decline of Journalism
(DBN)

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Autos:

Tesla's chaotic year after Musk's 'funding secured' tweet
(DBN)

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Climate:

This Land Is the Only Land There Is
(DBN)

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Mass Torts:

New USA Gymnastics president offers support for Simone Biles, others who have been 'silenced'
(DBN)

New lawsuit against Boy Scouts of America by group claiming to represent more than 800 sexual abuse victims
(DBN)

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Firearms:

Vista Outdoor’s stock plunges to record low as firearms sales were ‘terrible’
(DBN)

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Skiing:

Hermitage bankruptcy proceedings 'a leap into the unknown'
(DBN)

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Economy:

Trump Pressed Fed to Start Currency War
(DBN)

Weekly Initial Unemployment Claims decreased to 209,000
(DBN)

More people are job-hopping, tempted by better salaries and the highest number of openings since 2000
(DBN)

Navarro compares Wall Street Journal to a communist paper after editorial board warns of 'Navarro Recession'
(DBN)

The yield curve everyone’s worried about is inches away from flashing a recession signal
(DBN)

Trade war escalation nudges U.S. closer to recession: Reuters poll
(DBN)

Recession Odds Pick Up as Economists Cut Growth Estimate
(DBN)

Consumer credit expands at slower pace in June
(DBN)

China fixes its daily yuan midpoint weaker than 7 for the second time this week • The big reason China won’t let the yuan go into free fall against the dollar has to do with Japan and Europe
(DBN)

I won’t be voting for the president again, says Ohio farmer who backed Trump in 2016
(DBN)

20 jobs that baby boomers loved in 1990 — but that millennials today just don't want
(DBN)

Baby boomers’ wealth is 12 times greater compared to millennials. Here’s why
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Mortgage rates fall sharply as trade concerns mount — but many would-be borrowers are likely to miss out
(DBN)

Seattle Real Estate in July: Sales up 1.3% YoY, Inventory up 45% YoY from Low Levels
(DBN)

Weekly Initial Unemployment Claims decreased to 209,000
(DBN)

Mortgage borrowers will be just fine when the economy slows
(DBN)

The family who received creepy letters about their 'young blood' and 'mysterious deaths' after buying a $1.4 million house just sold it at a $440,000 loss — and they never even moved in
(DBN)

Broward County development site entangled in bankruptcy filing
(DBN)

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Municipalities:

A Fly in the Ointment: PROMESA’s Drafting Error in Section 314(b)(7)
(DBN)

Puerto Rico bondholders rejoice in political turmoil
(DBN)

Puerto Rico's new governor says she intends to remain in office
(DBN)

Puerto Rico’s Ouster of Its Governor Isn’t Just About One Administration’s Corruption
(DBN)

National and MBIA Insurance File Lawsuit Against Wall Street Banks for Misconduct as Underwriters in Puerto Rico's Fiscal Crisis
(DBN)

Bond insurer MBIA sues banks over defaulted Puerto Rico bonds
(DBN)

Oversight board issues RFP to probe accounting firm BDO Puerto Rico
(DBN)

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Oil/Gas:

Advisory group gets earful on future of Philadelphia refinery after blast
(DBN)

Time Is Almost Up For U.S. Shale
(DBN)

Halcón Resources Announces Second Quarter 2019 Results
(DBN)

US oil is likely to be China’s next target as trade war rages, energy analysts warn
(DBN)

IEA cuts oil demand growth forecasts for this year and next amid trade war tensions • U.S.-China trade war weakening demand for oil
(DBN)

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Education:

Transferring Guardianship For Better Financial Aid Packages
(DBN)

Half of young Americans say their degree is irrelevant to their work
(DBN)

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Politics:

None of the eight patients being treated at the hospital Trump visited in El Paso wanted to meet with him • In Hospital, Trump Talks Crowd Sizes & Beto • A day of racist comments left him looking small and isolated, while the city united against him • Trump Uses a Day of Healing to Deepen the Nation’s Divisions
(DBN)

Elizabeth Warren is surging, but the question of electability looms over her
(DBN)

El Paso massacre upends white nationalists’ normalization strategy
(DBN)

GOP lawmaker's town hall erupts in shouting over mass shootings, Trump
(DBN)

You’re Not Really Surprised Kamala Harris Is Getting Big Bucks From Biglaw, Are You?
(DBN)

America’s Anger Problem Runs Deeper Than Donald Trump
(DBN)

Billionaire Trump donor explains he’s in it for the tax cuts, not the racism
(DBN)

Trump names Joseph Maguire acting director of national intelligence
(DBN)

The Soaring Cost of a New Air Force One
(DBN)

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Fraud:

Ex-Woodbridge Group CEO Robert Shapiro Pleads Guilty in $1.3 Billion Fraud • California man pleads guilty in Florida to $1.3B fraud scam
(DBN)

Congressman Collins: Reindicted And It Feels So Good
(DBN)

Malaysia files criminal charges against Goldman Sachs executives in 1MDB corruption probe
(DBN)

Suit: Biden brother invoked political clout to further fraud scheme
(DBN)

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Electricity:

PG&E Shareholders Plan a $15 Billion Equity Offering • PG&E shareholders outline possible $15 billion share sale after widlfires • Expert Take On PG&E Equity Offering, Bankruptcy Outlook
(DBN)

Moody’s Says Wildfire Catastrophe Losses the New Normal in Calif.
(DBN)

‘Absolutely catastrophic’: Northern California braces for more PG&E shut-offs
(DBN)

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Taxis:

Uber lost more than $5.2 billion in three months, and the stock is getting punished • Uber’s Q2 losses were bigger than total 2018 losses for all but three S&P 500 companies
(DBN)

Lyft could turn a profit way quicker than everyone thought
(DBN)

Uber, Lyft: Days of Cheap Rides May be Over
(DBN)

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Religion:

Guam victims say clergy sex abuse ruined their lives
(DBN)

Guam's ex-archbishop shielded culture of clergy sex abuse
(DBN)

Wisconsin Lawmakers Propose Legislation To Combat Sexual Abuse By Clergy
(DBN)

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Celebs:

24 celebrities who were rich and famous before losing all their money
(DBN)

Joe Murphy, Red Wings' No. 1 pick, is homeless again — and refusing help
(DBN)

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Pharma:

Big Pharma's Fake Generics to Hold Pricing
(DBN)

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Tech:

Trump's Secret Plan to Control Social Media
(DBN)

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Water:

Dry taps in India and Zimbabwe signal looming urban water crises
(DBN)

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Movie Theaters:

Alabama entity loaning millions to iPic in bankruptcy filings
(DBN)

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History:

Some white people don't want to hear about slavery at plantations built by slaves
(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 (18 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:

Bankruptcies make notable jump in July
(DBN)

The number of older Americans filing for bankruptcy has surged by up to 300% in recent years — and boomers are no exception
(DBN)

Dust Off Your Chapter 12 Knowledge: Increase to Debt Limits May Revive Family Farmer Bankruptcies
(DBN)

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Litigation:

How to train your expert witness
(DBN)

Litigation Funders Seek Damage Control After Burford Drop • Burford Punches Back at Insolvency Claims, Calls Muddy Waters Report ‘Deeply Disgusting’ • Burford Capital Deep Dive • Burford Capital considers share buyback after Muddy Waters short attack
(DBN)

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CBAs:

Unbalanced Bargaining: Trump Entertainment Resorts Unite Here Local 54 and Expired Collective Bargaining Agreements under § 1113
(DBN)

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In Pari Delicto:

Wagoner Rule, Episode 2: An Outsider Serving a Managerial Role Is an Insider
(DBN)

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Turnarounds:

Seemingly minor overseas issues can significantly affect a restructuring or distressed-sale transaction by a U.S. parent company.
(DBN)

When turnarounds work
(DBN)

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Committees:

Rogue Committees or Rogue Judges: The Limits of a Bankruptcy Judge’s Authority to Disband Chapter 11 Committees
(DBN)

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Intercreditor:

Third Circuit Rules Intercreditor Agreement Doesn't Apply to Plan Distributions
(DBN)

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Cross-Border:

Chapter 15 Choice of Law: How Far Do I Need to Go to Get My Money Back?
(DBN)

At the Edge of the Universe: Are Chapter 15’s Principles of ‘Universalism’ Too Parochial for the Realities of Today’s Global Economy?
(DBN)

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Student Debt:

Student Loan Discharge: Reevaluating Undue Hardship under a Presumption of Consistent Usage
(DBN)

This New Program Could Replace Student Loans
(DBN)

84% of borrowers say student loans are tanking their retirement savings
(DBN)

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Avoidance Actions:

Tuition Clawback: Whose Money Is it, and What Is It Worth?
(DBN)

Trustee Survives Judgment in Fraudulent-Conveyance Action Based on Novation Argument
(DBN)

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Bankruptcy Reform:

A New Statutory Bankruptcy Regime for Tribal Debtors
(DBN)

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Property:

Three Against Two: On the Difference Between Property and Contract and the Example of Deposit Accounts in Bankruptcy
(DBN)

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Retailing:

Thinking Outside the (Big) Box
(DBN)

Major retailers are facing backlash for selling guns. Here's how 13 chains across America sell them.
(DBN)

Barney's just declared bankruptcy. Meet the company's billionaire chairman, who was once considered one of Wall Street's most promising investors and owns at least 3 homes across the US.
(DBN)

This 75 Percent Off Barneys Tote May Be Worth a Lot More Someday
(DBN)

Barneys New York Secures $218MM in Financing from Brigade Capital, B. Riley Financial
(DBN)

What’s next for Barneys’ landlords?
(DBN)

Dean & DeLuca, Barneys and the Fate of Bohemian Consumerism
(DBN)

New York rents are down from 2014 highs. But Barneys shows massive rent hikes still happen
(DBN)

Young women's apparel retailer files for bankruptcy — again • A'gaci files Ch. 11 • Another retailer going under: Texas-based A’Gaci to close all 54 stores • San Antonio retailer files for bankruptcy again and will close all stores
(DBN)

Report: J.C. Penney Creditors Seek Meeting Over Possible Debt Swap
(DBN)

J.C. Penney faces NYSE delisting
(DBN)

Drugstore industry transforming
(DBN)


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Healthcare:

Another twist in Westlake Hospital saga
(DBN)

Melrose Park asks judge to toss Westlake Hospital bankruptcy filing, says was done in 'bad faith'
(DBN)

Hahnemann bankruptcy hearing is postponed as residency slots auction heats up
(DBN)

Workers at county-purchased O’Connor and St. Louise hospitals angry at having to reapply for their jobs
(DBN)

Moving Beyond Medical Debt
(DBN)

US Healthcare Costs vs. Other Countries
(DBN)

The Real Costs of the U.S. Health-Care Mess
(DBN)

The Return of Junk Health Insurance
(DBN)

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UK:

Rise in insolvency cases in Shropshire is 'cause for concern'
(DBN)

U.K. economy shrinks for first time since 2012 as Brexit bites
(DBN)

America Has the Upper Hand in a Trade Deal With Britain
(DBN)

____________

India:

Voluntary liquidation of companies under IBC on the rise
(DBN)

Supreme Court upholds amendments to Insolvency and Bankruptcy Code, gives status of financial creditors to homebuyers
(DBN)

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Denmark:

20-Year Mortgages Hit Zero for First Time in Danish Rate History
(DBN)

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MENA:

A scathing new Pentagon report blames Trump for the return of ISIS in Syria and Iraq
(DBN)

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Hong Kong:

Court is in session in cross-border chase
(DBN)

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Mozambique:

Mozambique Indicts 20 People Over $2 Billion Hidden-Debt Scandal
(DBN)

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