December 17, 2019

The Daily Bankruptcy News

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Law:

Susman Godfrey Does it Again: Bonus Scale Leaves Milbank in the Dust • Smashing The Biglaw Bonus Scale
(DBN)

Davis Polk Says Ex-Associate Suing for Race Discrimination Had 'Troubling' Performance
(DBN)

Chaffetz Lindsey Expands Elevates Bankruptcy Practice with Prominent Partner Hire • Willkie, King & Spalding Partners Leave Big Law for NY Boutique
(DBN)

O'Melveny Names New Bankruptcy Partner
(DBN)

Milbank Names New Restructuring Partner
(DBN)

Once Again, University of Texas Law Accused of Underpaying Women
(DBN)

The Law School With A Shockingly Low Bar Passage Rate
(DBN)

Law School Professor Gives Students Gift Of Wholly Recycled Exam Questions
(DBN)

Atlanta’s John Marshall sees some success with ABA legal ed section
(DBN)

During Final Exams, Law Students Should Heed The Words Of Legendary Basketball Coach Jim Valvano
(DBN)

Career confessions of an atypical law school graduate
(DBN)

BigLaw partner who said she worked 3,173 billable hours is suspended for overbilling
(DBN)

Could Buckley's Insurance Against Partner Exits Work for Others?
(DBN)

A Big Law Firm Aims to (Partly) Automate Big Law Before Deadline
(DBN)

Lawyering While Legally Blind
(DBN)

Suit alleges 2 lawyers sexually assaulted paralegal after firm’s annual holiday party
(DBN)

Elon Musk Is Looking For Yet Another Babysitter (Read: GC)
(DBN)

Inside Straight: How Many People Should Attend The Meeting? How Long Should The Memo Be?
(DBN)

Comey admits ‘I was wrong’ on FISA conduct, remains defiant on dossier in tense interview
(DBN)

I Headed the F.B.I. and C.I.A. There’s a Dire Threat to the Country I Love.
(DBN)

Federal Judge Rejects Flynn Attorney's Request for Evidence, Says Filing Raised 'Ethical Concerns'
(DBN)

Harvey Weinstein says he has done more for women in Hollywood than any other filmmaker, and says rape accusations made him the 'forgotten man' • Harvey Weinstein says he feels 'like the forgotten man.' His accusers are furious • Monica Lewinsky Rips Harvey Weinstein's 'Forgotten Man' Claim, Says Women 'Scarred' And 'Traumatized' by Him 'Probably Haven't Forgotten Him'
(DBN)

Former Kentucky Gov. Matt Bevin’s 428 pardons are upsetting both Democrats and Republicans
(DBN)

Don't assume the Supreme Court will give Trump a resounding victory in cases seeking financial records
(DBN)

Trump administration resists Ukraine disclosures ordered by court
(DBN)

Remain in Mexico has a 0.1 percent asylum grant rate • Asylum Seekers to Go to Honduras Without Allowing Them to Apply
(DBN)

The U.S. continues to separate migrant families. For one father, a miscommunication proved costly • Early reports warned migrant kids suffered from separations. Trump ramped up practice anyway.
(DBN)

Supreme Court won't review decision that protected homeless from tickets for sleeping on the street • Dallas Claims Homeless Camps are Illegal
(DBN)

Mississippi’s ban on abortions at 15 weeks gets shut down second time
(DBN)

Hallmark says it will "reinstate" TV ads featuring same-sex couple after outcry
(DBN)

Tulsa moves closer to learning if there are mass graves from a 1921 race massacre
(DBN)

The Latest Case of Cybercrime: A Strobe That Induces Seizures
(DBN)

Raised by radicals, parents guilty of murder: Chesa Boudin is San Francisco's next DA
(DBN)

Doctor convicted of groping woman during flight
(DBN)

NYPD Union Blamed College Student Tessa for Her Own Murder
(DBN)

Man Tried Six Times for Same Murders Gets Bail
(DBN)

9th Kid Avoids Jail in School Mass R--- Case
(DBN)

Formula 1 heiress robbed of jewelry worth $66 million in London raid
(DBN)

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Judges:

NY Lawyer Who Was Ejected From 2nd Circuit Courtroom Just Lost His Case
(DBN)

Judge’s clerk performs behind-the-back cellphone dial to test plaintiff’s claim
(DBN)

Kozinski Sued By Attorney Who Complained About Website P---
(DBN)

McConnell Forcing Year-End Action on Trump Judicial Nominees
(DBN)

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Wall Street:

US futures turn slightly lower
(DBN)

Stocks close higher for a fourth consecutive session
(DBN)

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Layoffs:

Here are the States Where Robots Rule
(DBN)

Vox Media to cut hundreds of freelance jobs ahead of changes in California gig economy laws
(DBN)

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Retailing:

Retailers edging toward the brink
(DBN)

J. Jill downgraded after marketing and merchandise misses drag sales
(DBN)

Economists shrug off downbeat November retail sales due to late Thanksgiving • November's sluggish retail sales aren't worrying the industry yet
(DBN)

Hudson's Bay take-private deal in limbo as shareholder vote postponed
(DBN)

Amazon Cuts Off FedEx Ground for Prime Shipments This Holiday
(DBN)

Retailers Gave You Free Returns and You Ruined It
(DBN)

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E-Cigarettes:

E-cigarettes linked to lung problems, first long-term study on vaping finds
(DBN)

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Fraud:

Ex-Goldman Banker Tim Leissner Barred by SEC Over 1MDB Scandal
(DBN)

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Marketing:

Acosta says the court approved its bankruptcy reorganization
(DBN)

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Asset Management:

‘Zombie’ Future Threatens Most Asset Managers, PGIM’s Hunt Warns
(DBN)

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Cannabis:

Pot Firms' Grim Reality: Cash Crunch, No U.S. Bankruptcy Access
(DBN)

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Aviation:

Boeing shares fall as company debates cutting or halting 737 Max production • The 737 Max is in deeper trouble than Boeing thought, and its stock is sinking • Boeing Max Crisis Reaches Critical Point as Board Considers Possible Halt to Output • Boeing will suspend 737 Max production in January • Southwest Airlines extends 737 Max cancellations until April • Buckle up: Boeing 737 shutdown indicates turbulence ahead
(DBN)

Foreign Pilots Used to Have Their Pick of $300,000 Jobs in China. Boeing’s 737 Max Problems Changed That
(DBN)

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Pharma:

NeuroproteXeon Files In DE - First Day Dec
(DBN)

Sackler-owned opioid maker pushes overdose treatment abroad
(DBN)

Purdue payments to Sackler family surged after OxyContin fine • Purdue paid out $10.4B amid opioid crisis
(DBN)

Chart of the Day: Drug Price Plans Compared
(DBN)

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Economy:

U.S. Economy Ends Year on Modest Note, IHS Markit Gauges Show
(DBN)

2018 corporate tax rate plunged to 11.3% under Trump law; 99% of biggest firms paid no federal tax at all
(DBN)

NY Fed: Manufacturing "Business activity was little changed in New York State"
(DBN)

Global Economy's Luck May Run Out
(DBN)

Why You Don't Believe Those GDP Numbers
(DBN)

U.S. has world’s highest rate of children living in single-parent households
(DBN)

More borrowers are getting rejected for auto loans
(DBN)

New York Fed's Factory Outlook Index Jumps to Five-Month High
(DBN)

31 counties accounted for a third of the U.S. economy last year
(DBN)

15 jobs that have practically disappeared since Trump became president
(DBN)

Not one of 14 private-sector economists predicting recession
(DBN)

Fed’s Repo Action for Year-End Crunch Date Oversubscribed
(DBN)

Trump said China would more than double its agricultural purchases from the US. Farmers are skeptical • Pork industry wants to cash in on "phase one" U.S.-China trade deal • Who Is Winning the Trade War? • Everything Covered by China Trade Deal • “Phase One” agreement: Whither the US-China trade war? • US-China Phase One Trade Deal 'Totally Done'; No New Tariffs, Lighthizer Says • Despite the US-China trade agreement, key details are unclear • Opinion: You call this a trade deal? • China says it will put off tariff hike on U.S. autos, other goods following trade deal • China suspends tariffs on US-made cars, corn and other goods amid new trade truce • Factbox: How China tariffs on U.S. commodities, energy stand after 'phase one' trade deal • The Lobster Casualties of the Trade War • 'Trump has made us weak': Paul Krugman says the US-China trade deal achieved almost nothing and consumers and farmers paid the price • China's Toy Factories Transformed by Tariffs—That Didn't Kick In • US not always going to be able to punish China with tariffs: Chine Beige Book CEO • Trade Hawks in China and the U.S. Emerge as Phase-One Winners • China Watcher Ready for Noisy Trade Ceasefire
(DBN)

Mohamed El-Erian sees US and China going into an economic war beyond trade after 2020 election
(DBN)

The Chinese Navy Is Building An Incredible Number Of Warships
(DBN)

New USMCA hurdle as Mexico says it will ‘never accept’ U.S. labor inspections • U.S. eases Mexico's concerns about new NAFTA's labor rules
(DBN)

US weighing 100% tariffs on more EU products including whiskies and Cognac, according to documents
(DBN)

U.S. Wants to Start on U.K. Trade Deal ‘Very Soon,’ Kudlow Says
(DBN)

These are the 28 US cities where employees come to work sick most often — led by New York, Miami, and Minneapolis
(DBN)

There's a lot of misinformation around the 'harms' of a $15 minimum wage. Here's why it's really a win for everyone, and how to spot a bogus claim.
(DBN)

Elizabeth Warren: The government listens too much ‘to rich guys who don’t want to pay taxes’
(DBN)

NAHB: Builder Confidence Increased to 76 in December, Highest since 1999
(DBN)

Elizabeth Warren discusses ‘accountable capitalism’ and the 2-cent tax
(DBN)

Majority of savers in the world’s fastest-growing economies set to miss their retirement goals
(DBN)

Boomers to Leave World on Edge of Collapse
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Homebuilder confidence jumps to highest level in 20 years
(DBN)

Tips to Minimize Landlord's Exposure When a Commercial Tenant Files Bankruptcy
(DBN)

Sacramento Housing in November: Sales Down 4.8% YoY, Active Inventory down 33.6% YoY
(DBN)

Having a Home by a Star Architect Is Amazing, Until You Try to Sell It
(DBN)

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Municipalities:

Puerto Rico governor says she will seek same office in 2020
(DBN)

This ‘Ponzi scheme’ surrounding development leaves most cities and towns functionally insolvent
(DBN)

Cities That Lost the Most Jobs Since 2014
(DBN)

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Oil/Gas:

Weatherford emerges from bankruptcy with $10 billion of support • Bondholders take control of Weatherford as company emerges from bankruptcy
(DBN)

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Healthcare:

New threat to Hahnemann-St. Chris bankruptcy could help former residents
(DBN)

Bankrupt uBiome preliminarily sells patents for 1% of the poop-testing startup’s original valuation
(DBN)

Watchdog Questions $6.7 Billion in Medicare Payments
(DBN)

Surprise medical bills inflate everyone's health insurance premiums
(DBN)

What Else Disappears If The ACA Is Overturned?
(DBN)

End of Freeze on Gun Safety Research Coming
(DBN)

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Crypto:

A major bitcoin trader with sole access to $137 million in crypto funds mysteriously died while on vacation. Some outraged users are asking for his body to be exhumed to prove he's actually dead.
(DBN)

Crypto Advancements Stir Legal Work in Investigations, Asset Tracing
(DBN)

Bitcoin Dives Below $7,000
(DBN)

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Education:

How a denial of tenure at Harvard became a national controversy
(DBN)

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Autos:

Once world’s largest automaker, GM retreats overseas as other companies take the lead
(DBN)

Congress Quietly Considers A De Facto Bailout For Tesla And GM
(DBN)

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Newspapers:

Small-town Alaskan newspaper seeks new owner. Price: $0
(DBN)

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Utilities:

PG&E slumps in premarket trade as California governor objects to plan to exit bankruptcy • PG&E stock falls 14% after Newsom complicates bankruptcy • PG&E Plunges as It Races to Meet Governor Bankruptcy Demand
(DBN)

Can PG&E Realistically Deliver on California Governor’s Demands?
(DBN)

First Energy Solutions bankruptcy judge must reconsider FERC authority on contracts: 6th Circuit
(DBN)

Pimco-Elliott Group Uses PG&E’s Setback to Lobby for Their Rival Plan
(DBN)

Whatever PG&E Does, Markets Can't Ignore Newsom's Letter
(DBN)

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Education:

Half in U.S. Now Consider College Education Very Important
(DBN)

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Environmental:

Arsenic Levels At Bankrupt Frac Sand Mine 7 Times Higher Than State Cleanup Standards
(DBN)

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Food/Beverage:

Granite City Restaurants File In MN - First Day Dec
(DBN)

Liquor Taxes Could Go Up 400%, Thanks to Congressional Dysfunction
(DBN)

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Coal:

Kentucky city hurt by coal layoffs gets Christmas kindness
(DBN)

IEA forecasts rising global coal consumption until 2024
(DBN)

Bankruptcy fixes take shape, meet skeptics
(DBN)

____________

Corporate Governance:

Delaware Cases Portend Key Developments in Board’s Caremark Duty
(DBN)

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Religion:

Pope abolishes 'pontifical secret' in clergy sex abuse cases
(DBN)

Mormon Church allegedly stockpiled $100 billion in donations
(DBN)

____________

Music:

Boston Children's Theatre Choir Sings Final Show As Organization Goes Bankrupt
(DBN)

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New Bankruptcy Opinions
(7 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (30 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (26 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)

______________

Make-Whole:

US Bankruptcy Code Defines Right to Receive “Make-Whole” Premium under Chapter 11 Plan
(DBN)

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Climate:

Goldman Sachs moves away from financing coal and Arctic oil
(DBN)

Goldman to Spend $750Bn on Climate Projects
(DBN)

Krugman: The Party That Ruined the Planet
(DBN)

Satellite Discovers Ohio Methane Blowout
(DBN)

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Celebs:

Here’s How Gigi and Bella Hadid Feel About Dad’s Bankruptcy Filing as Mohamed Hadid Downsizes to $4.5 Million Home Amid Accusations of Bankruptcy Fraud by Neighbors
(DBN)

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Politics:

Here's how a Senate presidential impeachment trial works • Top 4 Reasons Trump's Impeachment Trial in the Senate Is Going to Be a Total Mess • When a Chief Justice Said Senators Not Jurors
(DBN)

‘Don’t threaten me’: Records show Elizabeth Warren rejected $850/hr job over consumer group concern
(DBN)

Poll: Trump Now Leads All Democrats for 2020
(DBN)

The State of the Democratic Primary
(DBN)

Sanders surges ahead of Iowa caucuses
(DBN)

30 House Democrats are pushing for Rep. Justin Amash to be an impeachment manager in Trump's Senate trial • Trump touts poll numbers as ‘through the roof’ against impeachment — even as Fox News says otherwise • Chuck Schumer calls for a 'fair and honest' weekslong Senate impeachment trial featuring new testimony from 4 key witnesses • Schumer, Pushing McConnell to Negotiate, Lays Out Plan for Impeachment Trial • Schiff Town Hall Erupts with Protesters • Senate Republicans have already made up their minds on impeachment • Senate Democrats want to subpoena 4 witnesses in the impeachment trial • Schumer Suggests GOP Senators Will Support Call for Bolton, Mulvaney to Testify: 'They Don't Want to Be a Part of a Cover-Up' • Freshman House Democrat explains why she'll vote to impeach Trump • Republican tactics spark Democratic claims that impeachment trial is rigged • Bolstering impeachment case, Dems say Trump betrayed nation • Impeachment Could End Badly • Trump Braces for Historic Impeachment, Clouding 2020 Election • Turns Out Impeachment is Very Popular • Impeachment probe leads to an explosion of false and misleading claims from Trump • Carly Fiorina says it's "vital" that Trump be impeached • GOP monetizes impeachment as Dems try to change the subject • Over 750 historians call on House to impeach Trump
(DBN)

Rudy Giuliani Shares His Ukraine Findings in Series of Tweets • Giuliani henchman Parnas plans to ‘assist the Impeachment Inquiry to the fullest extent’: attorney • Giuliani Ally Says $1 Million From Russia Was Loan to Wife • 'I needed Yovanovitch out of the way': Rudy Giuliani discloses his role in ousting a former US ambassador in a surprising public admission • Rudy Giuliani’s ‘Investigative Special’ Featured on Russia’s State-Owned News Network • Former Federal Prosecutor: Giuliani’s Attempts to Clear Trump ‘Utterly Incoherent,’ ‘Unwittingly Self-Defeating’
(DBN)

Rick Perry's Role in Ukraine Questioned
(DBN)

Mitch McConnell: The Man Who Sold America • The Remedy for Mitch McConnell • McConnell takes heat from all sides on impeachment
(DBN)

Russia State TV: Trump is Our Agent
(DBN)

Impeachment hurts but Teflon Trump thrives
(DBN)

Dems Tell Federal Court Mueller’s Secret Grand Jury Materials Could Lead to Second Impeachment • Robert Mueller’s Top Lieutenant Believes Trump Committed Federal Crimes While in Office
(DBN)

Obama: Women are "indisputably better" leaders than men
(DBN)

Obama attributes the world's problems to 'old people not getting out of the way,' warning politicians they are not in office to 'prop up' their 'self importance'
(DBN)

Bloomberg's sexist remarks fostered company culture that degraded women, lawsuits allege
(DBN)

Biden, Sanders lead Democratic field: poll
(DBN)

What Would the Bernie Presidency Really Look Like?
(DBN)

Focus group: These Obama/Trump voters are just Trump voters now
(DBN)

SNL tackles the political divide and the electoral college with a Christmas dinner spoof
(DBN)

Trump: Fox News Trying To Be ‘Politically Correct’ By Interviewing Comey, Says Network Will Die With MSNBC, CNN • A new Fox News poll found that a majority of voters think Trump abused his power and should be impeached • Fox Impeachment Poll-Trump's Twitter Storm
(DBN)

Partisan dynamics overshadow other factors in Americans’ evaluations of the news media • Missteps, selective coverage drive Trump supporters into full revolt against press
(DBN)

Trump threatens to skip debates as he slams commission
(DBN)

Georgia county commissioner's wife arrested after dumping soda over a reporter's head
(DBN)

Trump and Stephen Miller capitalize on white America's fear its racial identity is losing value
(DBN)

New Jersey GOP club in turmoil after its president offers to scare Jewish families out of public parks
(DBN)

Judge Won't Stop Georgia Voter Purge
(DBN)

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UK:

Corporate insolvencies set to rise, says credit insurer
(DBN)

The Upside Of Brexit? More Transactional Work
(DBN)

Pound slumps 1% as Boris Johnson raises fresh risk of a no-deal Brexit • Boris Demanding EU Trade Deal by End of 2020 • No-Deal Brexit Back on the Table
(DBN)

Retail and construction failures drive rebound in large corporate failures
(DBN)

More House of Fraser stores to close, warns Mike Ashley
(DBN)

UK PM Johnson eyes parliament vote before Christmas to "get Brexit done"
(DBN)

UK PM Johnson cannot keep Scotland in union against its will - Sturgeon
(DBN)

Boris Johnson Clears Release of Report into Alleged Russian Interference in U.K. Democracy 3 Days After Election Victory
(DBN)

What does business want from Boris Johnson?
(DBN)

U.K. Fiscal Rules Under Pressure as Billions Added to Deficit
(DBN)

Bankrupt Katie Price fights in the loos at a boozy Christmas party and brags she’s ‘got loads of money’
(DBN)

Customers owed millions through outstanding claims after Thomas Cook collapse • Thomas Cook collapsed with £9bn of liabilities
(DBN)

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Canada:

Crazy Days in Alberta: The Poison Wells File
(DBN)

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France:

France records 391-mile traffic jam as public transport brought to halt by third week of strikes over pension changes
(DBN)

French Economic Outlook Dims as Trade Starts to Weigh
(DBN)

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MENA:

Syria's Assad Says the U.S. Is Working With 'Terrorists' and Selling Oil Stolen From the Country
(DBN)

Pakistan court sentences former military ruler Pervez Musharraf to death for treason
(DBN)

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Hong Kong:

China's premier urges resolution of Hong Kong's deep-rooted economic problems
(DBN)

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Australia:

As wages, jobs and economic growth sink, the government has been forced to cut its promised surplus almost in half
(DBN)

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Japan:

Stricken Local Banks in Japan Turn to Riskier Credit to Survive
(DBN)

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India:

India in a classic Darwinian mode of survival of the fittest: Uday Kotak
(DBN)

Banks to get $7.6 billion boost bankruptcy recoveries from 4 companies
(DBN)

India jumps 56 spots in global indices for its ability to resolve bankruptcy cases
(DBN)

Snapshot of Key Changes Proposed to the Indian Insolvency & Bankruptcy Code
(DBN)

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