December 23, 2019

The Daily Bankruptcy News

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Due to the Christmas holiday, The Daily Bankruptcy News will not publish on Tues. and Weds., December 24-25, 2019



Law:

Decade of Dissolution: The Top Law Firm Failures of the 2010s
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This Biglaw Firm May Have Matched Bonuses, But Associates Won’t See The Money For Months
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Even With Individualized Bonuses, Associates At This Firm Are Raking It In
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White Plains Bankruptcy Trio to Merge With Davidoff Hutcher
(DBN)

Sullivan & Cromwell Sued for Malpractice by Ex-Skadden Attorney
(DBN)

UT law professor sues school, says she was unfairly paid less than male counterparts
(DBN)

Harvard Law Prof Fight
(DBN)

This T14 Law School Is A Real Bargain
(DBN)

Law School Transparency Still Fighting Status Quo After a Decade
(DBN)

Can’t Imagine Overcrowding Is A Problem At This Law School
(DBN)

Bankruptcy and Mindfulness
(DBN)

Star Litigator Calls Out The Risks Facing The Jewish Community
(DBN)

Convicted Ex-Herrick Feinstein, Moritt Hock Tax Head Surrenders Law License
(DBN)

Law Department Survey Finds Operations Improving but Progress Remains an Uphill Climb for the Effective Use of Technology
(DBN)

Wither The Law Firm Technology Subsidy?
(DBN)

When and How to Include Client Discussions in Strategic Planning
(DBN)

We Know Women Are Quitting Biglaw. These Folks Want To Know Why.
(DBN)

Suit claims BigLaw firm took over corporate client’s finances and took advantage of its impaired CEO
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Ex-Akin Gump Lawyer 'Blindsided' by Allegations She Used Client Funds For Personal Reasons
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Busy Season for Law Firm Mergers Sets Stage for 2020
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Lawyer who shooed raccoon off boat needs ‘professionalism workshop,’ Florida Bar says
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Lawyer who successfully sued Roundup is accused of trying to extort $200M from unnamed company
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Trump Praises WH Counsel as ‘Fantastic’ After Privately Wondering If He Should Be Replaced
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People think you're more competent when you wear expensive clothes, according to new Princeton research
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Mexican children shiver in tents at U.S. border as temperature freezes The abandoned asylum seekers on the US-Mexico border Inspector General Finds No "Malfeasance" After Two Immigrant Children Died In Border Patrol Custody US Heads to Court Over Texas Border Wall Under secret Stephen Miller plan, ICE to use data on migrant children to expand deportation efforts
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Rampant Abuse at For Profit Detention Centers
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IA: Woman Hit Kid With Car "Because She Was Mexican" Iowa Woman Accused in Racist Hit-and-Run Charged in 2nd Hate Crime
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GOP Governors Reject Ban on Refugees
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House Democrats have asked for emails and other documents as part of a probe into how Jeffrey Epstein received a secret plea deal Turns Out Jeffrey Epstein Suicide Attempt Video Isn’t Missing After All
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Supreme Court to decide scope of exemption from bias laws for religious schools
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Paramedic Accused of Poisoning Wife to Death Allegedly Came Very Close to Getting Away With It
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Texas Cop Who Shot and Killed Atatiana Jefferson in Her Home Indicted for Murder
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We Found Villages That Hired Criminals as Cops. Now Officials Want It To Change.
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Government use of artificial intelligence growing concern
(DBN)

Two gunmen wound 13 at a Chicago house party honoring a gun violence victim Two men in custody after 13 shot at Chicago memorial for victim of gun violence, police say
(DBN)

Spokesman for Convicted Sexual Abuser Bill Cosby Releases 'Slave' Rant About Eddie Murphy
(DBN)

Police slammed a man's head into a car that they thought he had stolen, video shows. The man died
(DBN)

A mother disappeared with her newborn. Police found her body - and a kidnapping suspect.
(DBN)

He burned a church's LGBTQ flag and got 16 years. They responded by advocating for him.
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Suspended Fort Wayne bankruptcy lawyer who served theft sentence resigns
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If you made a claim for $125 from Equifax, you’re not getting it after court awards nearly $80 million to attorneys
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Judges:

U.S. appeals court rebukes federal judge in Connecticut who endorsed jury nullification in the trial of a sex offender
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Cleary appointed 14-year term as United States Bankruptcy Judge
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Attorney General defends preserving surveillance court despite past FBI mistakes FISA Court: FBI Must Identify All Cases That Involved Lawyer Who Altered Carter Page Application Napolitano: FISA Court Abused for Decades
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An American judge gets a look at the rule of law in Georgia
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Harvard Law Pushes Clerkships for New Trump Judges
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Trump Appellate Pick Ozerden in Limbo With Senate Adjourned
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Trump's Most Lasting Impact: Judiciary Trump is remaking the federal judiciary Trump's transformation of the courts barrels onward
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Wall Street:

Stock futures rise after China says it will cut import tariffs
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S&P 500, Dow and Nasdaq close at record highs, notch fourth straight week of gains
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Layoffs:

U.S. Steel to cut 1,545 Michigan jobs as weakness overwhelms Trump’s protection
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Bankruptcy Crimes:

Lawler woman indicted for false statements in bankruptcy case
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Mass Torts:

J&J Gets Second Talc Win in a Week
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Legionaries Founder Sexually Abused 60 Boys
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Celebs:

Lady Gaga Says She Was Bankrupt And $3 Million In Debt Before The End Of Her 2009-2011 World Tour
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Pharma:

Purdue’s Sacklers Ask to Publish Defense to Clear Their Name
(DBN)

Doctors Prescribe More of a Drug If They Receive Money from a Pharma Company Tied to It
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Aviation:

Boeing’s Decision To Shut Down 737 MAX Production Is Beginning To Produce Downline Impacts On Suppliers, Workers, Customers Financial pain from Boeing 737 MAX expected to deepen after production cut
(DBN)

Boeing CEO's Stumbles Deepen a Crisis
(DBN)

Pilot in Amazon Cargo Plane Crash Repeatedly Flunked Flight Tests
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Newspapers:

More Than 20% of US Newspapers Have Closed
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Coal:

US coal sector remains in rough shape into the 2020s after decade of decline
(DBN)

Year-End Spending Deal Includes Massive Bailout for Bankrupt Mine Workers Union Pensions
(DBN)

Warren Buffett’s power company takes flak for coal plant closures
(DBN)

Law saves health care for retired Kemmerer coal miners
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Crypto:

Fortress Renews Offer to Buy Mt Gox Claims for $778 per Coin
(DBN)

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Food/Beverage:

$49 million deal struck to buy NORPAC's Oregon facilities
(DBN)

What's become of the spaces that housed Mike Isabella's restaurants? Have a look.
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Religion:

AL: Pastor Gets 1,000 Yrs for Child Sex Abuse
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Holidays:

Family Finds Owl in Their Christmas Tree
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Debt Collection:

Lawsuit: A federal agency answers to no one and can harass business owners into bankruptcy
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Personal Finance:

Chalk another one up to the generation gap: Millennials tip less and stress about it more
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Economy:

The Great Recession Broke Our Economy
(DBN)

Q4 GDP Forecasts: 1.3% to 2.1% Q3 GDP at 2.1% Annual Rate
(DBN)

Kansas City Fed: "Tenth District Manufacturing Activity Decreased Further in December"
(DBN)

Personal Income increased 0.5% in November, Spending increased 0.4%
(DBN)

US economic growth and consumer spending show resilience
(DBN)

America Turns From Tea Party to MMT in a Decade
(DBN)

US-China Trade War could Re-escalate Midwestern Workers Savaged by Trade Wars China to lower tariffs on over 850 products after striking a phase one trade deal with the US China Cuts Some Tariffs to Boost Trade
(DBN)

Will NAFTA 2.0 Change Mexico for the Better? NAFTA 2.0 is a Pile of Hot Garbage
(DBN)

EU Countries Gear Up for Trade Battles
(DBN)

UK Car Industry Wants a Tariff Free Deal
(DBN)

Fed Entrenched in Repo Market, No Way Out
(DBN)

These 7 charts show Trump's tax cuts still haven't been the economic 'rocket fuel' he promised, 2 years after the fact
(DBN)

15 ways millennials changed the world in the 2010s
(DBN)

World Population Hits 7.75 Billion
(DBN)

Review: Ten Economic Questions for 2019
(DBN)

Short-Term Extenders Put Businesses in Limbo Heading Into 2020
(DBN)

A woman who gets $500 a month, no strings attached, reveals what it's like to be one of the few people in the US to get a basic income
(DBN)

Millionaires support a wealth tax — as long as they aren’t getting taxed: CNBC survey
(DBN)

Robert Shiller: ‘I put Trump as the primary cause of the recent strength in the market’
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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:

Gen Zers are more likely to become homeowners than millennials, according to some experts
(DBN)

Aspen Club bankruptcy case proving to be an endurance sport
(DBN)

How power broker George Norcross and friends got waterfront land for cheap
(DBN)

Bel-Air mega-mansion that led to charges for Mohamed Hadid must be torn down
(DBN)

Seritage Making “Significant Progress” on Diversifying Non-Sears Rental Income
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Municipalities:

Detroit hits major milestone since bankruptcy, donating $1B to local businesses
(DBN)

Muni-Bond Safeguards Weakened as Investors Scrounge for Yield
(DBN)

Vacaville on road to bankruptcy?
(DBN)

Felix Rohatyn saved NYC from bankruptcy — but couldn’t mend its risky fiscal ways
(DBN)

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Oil/Gas:

Bankruptcy Court Rules that Dedications Within Gathering Agreements "Run with the Land"
(DBN)

As Fracking Companies Face Bankruptcy, US Regulators Enable Firms to Duck Cleanup Costs
(DBN)

Arsenal Resources Ch. 11 Bankruptcy Plan Approved by Court
(DBN)

Avoiding Bankruptcy Isn't Enough for Chesapeake Energy Stock
(DBN)

‘It’s a complete mess’: Energy market in flux ahead of a global shipping revolution, analysts warn
(DBN)

What Comes After Our Oil Culture?
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Retailing:

J.C. Penney Loan Auction Scrapped by H/2 After Bids Fall Short
(DBN)

7 popular retail brands that may be on the brink of disappearing
(DBN)

Retailers announced record store closures in 2019. Here’s a list
(DBN)

We visited Dollar Tree, Dollar General, and Family Dollar to compare and only one wasn't a messy disaster inside
(DBN)

It's Time to Break Up Amazon
(DBN)

Girl finds plea for help in her Christmas card, family says
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Banking:

Is Anyone At Credit Suisse Not Under Surveillance?
(DBN)

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Fraud:

Making 1MDB Go Away Is Gonna Hurt Goldman Bad
(DBN)

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Healthcare:

New Setbacks for Former Hahnemann Residents
(DBN)

They’re Still Trying To Take Away Healthcare, You Know
(DBN)

How the Courts Broke Obamacare
(DBN)

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Politics:

New poll finds that a majority of Americans support Trump's impeachment and removal from office National Review Senior Editor Calls for Trump's Removal from Office Impeachment: Trump Shares the Blame Trump's budget officials ordered the Pentagon to deny Ukraine aid 90 minutes after Ukraine call, new documents found ‘This Is What We Call a Clue’: New Docs Show WH Halted Ukraine Aid Less Than Two Hours After Trump’s ‘Perfect’ Call Trump Asked About Ukraine Aid Before Zelenskiy Call Sen. Dick Durbin Knocks Colleagues for Preemptively Making Up Their Minds About Impeachment Trial Trump's Newest Argument Is He Wasn't Impeached, Even Though House Voted to Impeach Trump DOJ Blows Up GOP Excuse for Rejecting Witnesses at Impeachment Trial in Senate Inside impeachment: How an 'urgent' tip became 'high crimes' Holding Impeachment Articles Bad for Trump Pelosi: Power of gavel means Trump is ‘impeached forever’ Impeachment: What's the Verdict of History? Trump promotes Putin’s take on a “far-fetched” impeachment process
(DBN)

Giuliani pals leveraged GOP access to seek Ukraine gas deal Putin ally is aiding Giuliani in Ukraine
(DBN)

Ex-NSA Director Cooperating in Russia Probe
(DBN)

AP FactCheck: Trump's Letter to History/Pelosi
(DBN)

Biased Senators Should Be Disqualified From the Impeachment Trial
(DBN)

Evangelical Leaders Close Ranks with Trump
(DBN)

Christianity Today made a moral case that Trump needs to go. He responded by proving its point Christianity Today called for Trump’s removal. Here’s why that doesn’t matter Evangelical tussling over anti-Trump editorial escalates Congregants dismiss evangelical magazine editorial, if they've read it at all Christian magazine that called for Trump’s removal gets boost in new subscriptions Christianity Today took aim at Trump, but it only hurt itself Trump lashes out at evangelical magazine that supports his impeachment
(DBN)

SNL mocks the 6th Democratic debate — and turns it into the Jerry Springer show
(DBN)

The billionaire owner of the glitzy wine cave that Pete Buttigieg fundraised at says 'it's just not fair' to be seen as a symbol of excess Buttigieg shifts to the center, embodying the Democratic primary's rightward drift
(DBN)

Facebook says a pro-Trump media outlet used artificial intelligence to create fake people and push conspiracies
(DBN)

Why Symone Sanders Went From Bernie to Biden
(DBN)

Dumping Bad Presidents Should Be No Big Deal
(DBN)

Elizabeth Warren and Bernie Sanders Have a Problem: Each Other
(DBN)

All the places that have removed Donald Trump's name since he won the presidential election in 2016
(DBN)

Elizabeth Warren and her husband are worth an estimated $12 million. Here's a look at the lifestyle, finances, and real-estate portfolio of one of the leading Democratic presidential candidates Why Elizabeth Warren’s selfie lines matter Elizabeth Warren: The Rolling Stone Interview
(DBN)

In 2020, Joe Biden and the “moderates” are well to Obama’s left
(DBN)

GOP Lawmaker Participated in 3 Armed Standoffs Against U.S. Government, Report Says A GOP state legislator helped plan an armed occupation in Oregon, investigators say, calling it 'domestic terrorism'
(DBN)

Dorsey Says He Should Have Revealed Bankruptcy Earlier
(DBN)

Clinton Email Saga Drags on in Court
(DBN)

Top Trump adviser: Republicans have 'always' relied on voter suppression
(DBN)

We May Never See All The Emails About Trump’s Bogus Voter Fraud Panel
(DBN)

The law that helped the internet flourish now undermines democracy
(DBN)

2010 to 2020 was a contradictory decade that will confound future historians with a simple question: how did America go from Obama to Trump?
(DBN)

How Trump Took Over the GOP
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American democracy’s Senate problem, explained
(DBN)

Why so many people who need the government hate it
(DBN)

A Navy SEAL admiral was so troubled by Trump's revoking security clearances that he dictated his fiery column while on a remote vacation
(DBN)

Most Polls Misrepresent Democratic Electorate
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Aerospace:

Former Vector Launch CEO, board dispute reasons company filed for bankruptcy
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Autos:

US Probes 4 Automakers in New Takata Air Bag Recall
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New Bankruptcy Opinions
(8 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (9 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (12 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)
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Seminars - (Contact us to list your seminar)

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Automatic Stay:

Supreme Court Grants Cert to Resolve Circuit Split Regarding Pre-Bankruptcy Seizure
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Supreme Court Grants Cert To Decide Fate of Repossessed Cars in Bankruptcy
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Cross-Border:

A Saad compromise? Different interpretations of the model law promoting inconsistency in a law meant to remove it
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Third Party Releases:

3rd Circ. OKs Nonconsensual Ch. 11 Liability Releases
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New opinion–Third Circuit upholds nonconsensual third-party bankruptcy release
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Avoidance Actions:

New York Adopts the Uniform Voidable Transactions Act
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Litigation:

Facts Win
(DBN)

Burford Capital Investors Voluntarily End Suit Over Metrics
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Litigation Finance Sector Saw Growth—and Growing Pains—in 2019
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Student Debt:

John Ninfo: Proposals would make some student loan debt dischargeable in bankruptcy
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Globe U and MN School of Business students are owed refunds. After bankruptcy, they fear they’ll get nothing.
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Advisors:

Alvarez & Marsal Adds Two Insolvency Experts to Asia Restructuring Team
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Climate:

Australia claims 14 of the 15 hottest places in the world as heatwave continues Roads melt in Australia ahead of catastrophic fire conditions
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PG&E is the country's first climate bankruptcy but experts say it won't be the last
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Fire and flood focus minds of bosses and investors
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The Trump administration just overturned a ban on old-fashioned lightbulbs
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How we know global warming is real
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Tech:

Where Even the Children Are Being Tracked
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Utilities:

The Sixth Circuit Shifts Some Power from the Bankruptcy Court Back to FERC in Determining Whether Rejection of Power Purchase Agreements Is Appropriate
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Sixth Circuit Holds that Bankruptcy Courts Must Permit FERC Participation in Bankruptcy Proceedings Considering Rejection of FERC-Jurisdictional Contracts
(DBN)

Inside a utility's 'climate change bankrupty' choices
(DBN)

PG&E's history with blackouts signaled trouble
(DBN)

PG&E creditors offer California wildfire victims $13.5 billion in cash upfront PG&E Creditors Sweeten Deal for Fire Victims in New Proposal
(DBN)

Holden Is ‘Disappointed’ By PG&E Bankruptcy Plan
(DBN)

PG&E is on track for a $575 million rate hike. What it means for your monthly bills
(DBN)

PG&E Still Has Some Work to Do to Exit Bankruptcy. The Question Is How Much.
(DBN)

The Ad Hoc Committee of Senior Unsecured Noteholders of PG&E Sends Letter to California Governor Gavin Newsom
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America's Utilities Are On a Record Borrowing Spree This Year
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UK:

The City of London Starts to Crack Over Brexit
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What's in the Brexit Withdrawal Bill
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HMRC winding up petitions hit four-year high
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Taxman is blasted for handing workers six-figure bills backdated over 20 years that 'led to suicides'
(DBN)

After More Than 100 Days, U.S. Diplomat’s Wife Charged for Killing British Teen Harry Dunn
(DBN)

Katie Price teases 'good news' and gushes about her happiness in 2020 amid bankruptcy woes
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EU:

Here Comes European Protectionism
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Canada:

Half of Canadians Within $200 of Bankruptcy, According to New Survey
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India:

Insolvency and Bankruptcy Code: Paradigm shift and further reform
(DBN)

How bankruptcy got redefined in India
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Jet Airways insolvency process extended by 90 days
(DBN)

Thousands arrested protesting a new Indian citizenship law that excludes Muslims Young lawyers are joining the struggle against India's citizenship law The West was profoundly wrong about Modi
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It’s Crunch Time for Indian States’ Finances as Economy Slows
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China:

Here’s What Credit Pros Are Watching as China Defaults Rise
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MENA:

Saudi sentences 5 to death for Jamal Khashoggi's killing
(DBN)

The Afghanistan Papers: Critics Were Right
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Thousands protest against new PM, close roads in Lebanon
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Asia:

Asian Exports in Worst Conditions Since 2009
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Norway:

Danish Travel Agents Lose Insurance Coverage For Norwegian Air Bookings In Case Carrier Goes Bankrupt
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Argentina:

Fernández secures sweeping powers to conduct debt talks Argentina appoints team for talks with creditors
(DBN)

Argentina: facing another debt crisis
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Argentina's credit rating downgraded to near-default by Fitch and S&P
(DBN)

Argentina Debt Restructuring May Be Shaped by Just Two Words
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Argentina Asks Pimco to Roll Over Debt as Restructuring Looms
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Australia:

Bell Group settlement finally reached but WA Government losing around half to legal fees
(DBN)

Harris Scarfe collapse: 40% of department stores to close
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South Africa:

Reasonable chance SAA can be rescued, say practitioners What it means for South African Airways to be in 'business rescue' Liquidating SAA would leave most creditors with nothing: business rescue practitioners
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Venezuela:

Group of Venezuela creditors says members have not met with Maduro representatives
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France:

Three French executives were convicted in the suicides of 35 of their workers
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