December 4, 2019

The Daily Bankruptcy News

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Law:

Biglaw Bonus Bankroll: The Associate Compensation Scorecard (Fall 2019)
(DBN)

A Holiday Bonus That Came In Just Before The Clock Struck For Thanksgiving
(DBN)

BigLaw firm settles with 5 pregnancy-bias plaintiffs in $200M suit Partial Settlement In MoFo ‘Mommy Track’ Lawsuit MoFo Mommy Track Lawsuit - 5 Jane Does Settle, 2 to Reveal Identity, File Amended Complaint
(DBN)

New Lawyers Are Swimming in Debt
(DBN)

Law Firms Face $500M Lawsuit in Fallout of Ponzi Fraudster’s Conviction
(DBN)

Ex-Baker McKenzie London boss gave junior lawyer ‘unwanted kiss’ in hotel room
(DBN)

Freshfields Head of Tax arrested and jailed as flight risk
(DBN)

Revealed: Law firms’ average arrive and leave the office times 2019-20
(DBN)

LeClairRyan Attorney Questioned Over Bankruptcy Funds
(DBN)

The Fallacy of In-House Savings
(DBN)

And Now Another State Adopts Duty of Tech Competence, Bringing Total to 38
(DBN)

Latest Developments In The Dan Markel Case: Garcia Appeals His First Degree Murder Conviction; 'What Do You Have To Do To Get A Death Sentence Around Here?'
(DBN)

Q4 Is Bill Collection Time for Law Firms - Tricky Stuff for a Relationship Business
(DBN)

Law Firm Partner Forced to Retire Not Protected by Age Bias Law Court Rules Law Firm Partners Can't Sue Under Age Bias Law, Siding With Armstrong Teasdale
(DBN)

ABA Could Encourage States to Allow Outside Ownership of Law Firms
(DBN)

LRW Professor's Lawsuit Alleges Discrimination In Non-Renewal Of Contract After Teaching At Wake Forest Law School For 19 Years
(DBN)

California's Disappearing ABA Law Schools
(DBN)

Law School Employment Rates Are The Best Since 2008 Recession
(DBN)

Amid Dips at the Top, Most New York Law Schools See Rise in Bar Pass Rates
(DBN)

Here's a Look at Debt-to-Earnings Ratios for Grads From Top Law Schools
(DBN)

Under Pressure From Students, NALP Adds Data on Mandatory Arbitration at Law Firms
(DBN)

Are "trasformative gifts" really transformative?
(DBN)

Suicide in Legal Sector - What About Those Left Behind?
(DBN)

Childcare Commitments Are Driving Women Out of Big Law
(DBN)

Under Pressure From All Sides, Law Firms Are Responding by Scaling Up
(DBN)

What are debt and expected earnings like for those in non-JD legal education programs?
(DBN)

Man who claimed to have Epstein sex tapes duped David Boies; what are the ethical implications? Dershowitz Seeks To Bring Unknown Sketchy Dude Into Defamation Case
(DBN)

Kamala Harris cancels big-money fundraiser at New York law firm amid reports of campaign turmoil Kamala Harris dropping out of race for Democratic presidential nomination
(DBN)

How Many Times Can a Firm Talk Merger? Midsize Texas Firm Bows Out After 4 Tries
(DBN)

Centennial collection law firm files for Chapter 11 bankruptcy
(DBN)

Appeals court orders Trump's banks to turn financial records over to Congress 2nd Circuit Rejects Trump Bid to Block House Subpoenas for Tax Records Trump loses appeal to block banks from handing his financial records to Congress How Will The Supreme Court Rule In The Battle Over Trump’s Tax Returns?
(DBN)

DOJ: Don McGahn Subpoena Case Likely ‘Highly Relevant’ to Trump Tax Return Case
(DBN)

Trump's boundless corruption keeps tripping him up in court
(DBN)

‘An Existential Threat’: House Report Berates Pat Cipollone’s Legal Claims on Impeachment Inquiry
(DBN)

Rep. Devin Nunes Sues CNN for Hundreds of Millions of Dollars, Calls It the 'Mother of Fake News'
(DBN)

The 5 biggest revelations from the newly released FBI interview notes from the Mueller investigation
(DBN)

Trump looks beyond DOJ watchdog’s Russia report
(DBN)

'I just didn't expect it from royalty': Prince Andrew accuser gives tear-filled interview and implores the British public to stand with her Prince Andrew email surfaces as American woman alleges "disgusting" sexual assault Andrew's Emails Suggest He's Lying Epstein Book Spills Secrets Bill Clinton was Jeffrey Epstein's closest 'celebrity mate' and a frequent guest at his New Mexico ranch with wife Hillary Trump: 'I Don't Know Prince Andrew' Trump says he doesn't know Britain's Prince Andrew. They had a breakfast meeting in June
(DBN)

Trump deploys 'surge' of park rangers to patrol Mexican border How McKinsey Helped the Trump Administration Carry Out Its Immigration Policies
(DBN)

Law Profs: Robert Reich’s Op-Ed on Trump’s Pardon Power Got the Impeachment Exception Wrong
(DBN)

'Compelled to Come Forward': Female Lawyers Urge Justices to Protect Abortion Rights Hundreds Of Women Lawyers Who Have Had Abortions Come Forward To Ask Supreme Court To Protect Abortion Rights Women, Paul Weiss Step Up to Support Abortion Rights at SCOTUS ABA amicus brief urges SCOTUS to follow precedent in Louisiana abortion case Religious, legal and medical groups voice opposition to Louisiana abortion law to Supreme Court 368 Women Legal Professionals Tell SCOTUS Abortion Gave Them Opportunities Parenthood Would Have Delayed or Denied
(DBN)

Asylum seekers jam US border crossings to evade Trump policy
(DBN)

Trial Of The, Uh, Week To Determine Whether Billionaire Visionary Understands English
(DBN)

Small town that can't afford night patrols turns to cameras watched by citizens
(DBN)

Mother who said her children, 8 and 4, hanged themselves is charged with their murders
(DBN)

Elon Musk defends himself in ‘pedo guy’ trial
(DBN)

'I made a poor decision': Fired Chicago police superintendent speaks out
(DBN)

Motorist With "Don't Drink & Drive" Bumper Sticker On His Truck Gets Arrested For . . .
(DBN)

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Judges:

BK SD OH Seeks Term Law Clerk
(DBN)

Biglaw Firms Learn The Hard Way: If You Don’t Want Controversy Don’t Pay For A Brett Kavanaugh Event Kirkland, Other Firms Targeted in Ads Over Kavanaugh Appearance
(DBN)

Hedge Fund Lawyer Confirmed as Federal Judge in New York
(DBN)

Texas judge gets a warning for refusing to perform gay marriages
(DBN)

Confirmation Expected for Another ‘Unqualified’ Trump Judge Pick
(DBN)

Ex-Judge in Hot Water for Saying Black Defendants Disrespect Laws, Police
(DBN)

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Wall Street:

Stocks are set to rebound from a 3-day slide as Dow futures jump more than 160 points
(DBN)

Stocks log third day of losses after Trump warns China trade war could go beyond 2020 election
(DBN)

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Layoffs:

UniCredit cutting 8,000 jobs and 500 branches to bolster value
(DBN)

Trump Solar Tariffs On Pace to Slash 62,000 Jobs, Group Says
(DBN)

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Food/Beverage:

Starkist points to Bumble Bee bankruptcy in fight against lawsuits
(DBN)

Ex-Bumble Bee CEO Lischewski Convicted of Tuna Price Fixing
(DBN)

Bankruptcy judge clears path for sale of The Palm restaurants
(DBN)

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Religion:

New Jersey lawsuit alleges former Catholic cardinal abused teen in the 1990s
(DBN)

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Student Debt:

If $1.6 Trillion Of Student Loan Debt Is Forgiven, This Is What Happens
(DBN)

Education Department collected loans from 45,801 defrauded students, nearly 3 times more than estimated Betsy DeVos's DOE Admits It 'Erroneously' Forced Nearly 46,000 Scammed Students to Repay Loans
(DBN)

The student loan crisis shows how good intentions can bring bad results
(DBN)

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Taxis:

Uber’s free-wheeling era of growth is coming to an end
(DBN)

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Pensions:

Why Does the AFL-CIO Oppose The Senate’s Multi-Employer Pension Rescue Proposal?
(DBN)

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Economy:

Average American Household Has More than $31,000 In Debt
(DBN)

‘A Giant House of Cards’: How the Era of Easy Money May Come to Haunt a Slew of Debt-Ridden Companies
(DBN)

This Artificial Economic Boom Is Coming To An End
(DBN)

Mapping America's Stark Wage Inequality
(DBN)

We Could Be Nearing The Second Great Depression
(DBN)

Employers Are Acutely Aware Of Their Workers' Financial Struggles
(DBN)

What Happened to Recession Fears?
(DBN)

Dow drops 400 points, biggest fall in 2 months, after Trump says he could wait on China deal Trump says Tuesday’s market drop is ‘peanuts’ and won’t force him to make a bad China deal Investors fear repeat of last December’s sell-off if Trump lets tariffs take effect Dec. 15 10-year Treasury yield drops most in 4 months as Trump’s cautious trade talk boosts safety trade Apple shares have biggest one day drop since August amid trade war uncertainty Auto execs controlling what they can when it comes to Trump’s trade war with China Escalating the trade war is risky for Trump. Signing a deal with China may be even riskier An unexpected casualty in Washington state from Trump trade war with China Hit hard by the trade war, China’s economic outlook is uncertain – except for one thing: growth is sure to decline Trump Says U.S. Bill Supporting Hong Kong Doesn't Help Trade War Negotiations These CEOs Were Planning for Trump’s Dec. 15 Tariffs All Along Chinese to US: This is Now Our Time
(DBN)

Trump stuns Wall Street, foreign capitals with new trade fights
(DBN)

EU May Hit Back at U.S. Over 'Simply Unacceptable' French Wine Tax US threatens tax on champagne and French cheese Wine, cheese, makeup, and handbags: Here are all of the French products the Trump administration could hit with tariffs of up to 100%
(DBN)

Trump sees tariffs as lever with China, Europe, others: Pence
(DBN)

Here’s What Trump Overlooks on Brazil and Argentina Currencies
(DBN)

U.S. Has Not Ruled Out Imposing Tariffs on Imported Autos: Commerce Chief Ross
(DBN)

The Latest Trade War Could Kill The American Champagne Market
(DBN)

Mexico Offers Compromise to End Impasse with U.S. Over New NAFTA
(DBN)

Steel company sells for less than half what it was worth when Trump took office
(DBN)

The millennial wealth deficit is staggering
(DBN)

The Best and Worst States for Taxes in America
(DBN)

Immigration Plays Bigger Role for U.S. Population Growth
(DBN)

We're broke, not poor: how I became downwardly mobile
(DBN)

New Jersey Exemplifies the Long, Confusing Road Ahead to Legislate the Gig Economy
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

House Prices up 3.5% Year-over-year in October
(DBN)

Weekly mortgage applications drop 9% as refinances pull back MBA: Mortgage Applications Decreased in Latest Weekly Survey
(DBN)

Harsh housing forecast for 2020, especially in these big cities
(DBN)

30 Year Mortgage Rates at 3.75% Top Tier Scenarios
(DBN)

Following His Real Estate Scandal, Mohamed Hadid Files for Bankruptcy
(DBN)

Manhattan Luxury Condo Sales Moving Slowly, Even With Freebies
(DBN)

Senate Wants Action on Military Slumlords
(DBN)

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Municipalities:

Fewer tourists are visiting America: NYC pushed out of top 10 world destinations
(DBN)

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Oil/Gas:

U.S. hits a major milestone as a petroleum exporter
(DBN)

Halliburton shifts strategies in Oklahoma amid ongoing shale slump
(DBN)

Solar expected to disrupt Texas fossil-fuel apple cart
(DBN)

Stalled settlement talks pose new hurdle for Caribbean refinery restart
(DBN)

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Politics:

House Dems Release Impeachment Report Trump put political interests above national interests, House panel's report says Dueling Impeachment Reports Depict Wildly Divergent Narratives Impeachment Report: Trump's Biggest Mistake Democrats' impeachment report cites Trump obstruction and withholding aid, warns of 'grave harm' Biggest takeaways from FBI interview notes in Mueller investigation Trump compromised security, abused office: House report Impeaching Trump is unpopular in key election states Americans are split on impeachment, just as they were before the public hearings Congress pushes ahead on Trump impeachment with nation split Trump abused power of presidency, Dems conclude in impeachment report Former deputy foreign minister says Ukraine knew of aid freeze in July Lindsey Graham floats censure with Trump in London: Senate trial will be too ‘traumatic’ on ‘the country’ Censure could give Democrats a way out of no-win impeachment ‘Art of the Deal’ Trump should make the ultimate deal to prevent impeachment: report Romney says he has seen no evidence Ukraine interfered in 2016 Lindsey Graham: It was Russia, Not Ukraine Trump comes unglued over impeachment at London presser: ‘Adam Schiff is a deranged human being’ Yes, Trump is guilty of bribery Trump says he wants Pompeo, Mulvaney to testify in Senate trial Fox’s Napolitano Calls Trump Impeachment Strategy ‘Very Unwise’ U.S. judge weighs ordering State Department to release Volker, Sondland records about Ukraine GOP-Led Senate Committee Found No Ukraine Interference in 2016 Election: Report What Adam Schiff Doesn’t Get About Watergate Senate’s 2020 Hopefuls Map Out How to Navigate Impeachment Trial Fact-checking House Republicans’ impeachment report Trump floats taking case to Supreme Court to stop impeachment Alleged ‘Legal Scholars’ Reportedly Say Trump’s Ukraine Call Transcripts Are ‘Absolutely Perfect’ Constitution Takes Spotlight in Next Phase of Impeachment Inquiry Imagining a Senate Trial: Reading the Senate Rules of Impeachment Litigation When Nadler Was Against Impeachment
(DBN)

Impeachment Investigators Got Rudy Giuliani's Phone Records—And They’re Quite Revealing Call records show Devin Nunes in contact with indicted Giuliani associate Nunes May Have Deep Ties to Ukraine Effort Records: Giuliani, Nunes and White House in frequent contact GOP Rep. Devin Nunes' phone calls with Giuliani and one of his indicted Ukraine associates showed up in the House's impeachment report Rudy Giuliani associate Lev Parnas requests release of 'voluminous' electronic records to House impeachment inquiry Giuliani Associate Lev Parnas Cleared to Comply With Impeachment Subpoena
(DBN)

Trump and Macron spar over Turkey's role in NATO FactCheck: Trump on NATO Another summit with world leaders. Another wild display from Trump Division pervades NATO as the 'brain dead' meet the 'delinquent' What Trump Wants From NATO Allies NATO Needs to Change to Survive Boris Johnson, Emmanuel Macron and Justin Trudeau are caught on a hot mic at the Buckingham Palace NATO reception appearing to gossip about Trump's tardiness in front of Princess Anne Video: Did World Leaders Make Fun of Trump AP Fact Check: Trump's misstatements at NATO summit
(DBN)

Pence Won't Succeed Trump If He Is Removed From Office, Democrat Says
(DBN)

Bloomberg overtakes Harris in new poll
(DBN)

Kamala Harris drops out of presidential race Kamala Harris’s Withdrawal Shows That Winnowing Works Kamala's History Caught Up to Her
(DBN)

As Joe Biden woos Iowa voters, Pete Buttigieg seems increasingly to be in his way
(DBN)

Mike Bloomberg becomes a $57 million ad-buying machine after first week of his 2020 campaign
(DBN)

Trump says G-7 will meet at Camp David, after backtracking on holding it at his Doral resort
(DBN)

Hunter Cried Witch Hunt, but Plead Guilty
(DBN)

A Private Report Alerts Swiss Banks and Their Billionaire Customers About a Warren Presidency
(DBN)

Why are big-money Democrats turning their fire on progressives?
(DBN)

Gary Cohn says no one is left in the White House to stand up to Trump
(DBN)

Trump’s other “quid pro quo” is Washington’s biggest open secret
(DBN)

58% of GOP: Media Treats Politicians Fairly
(DBN)

The President's Fans Think He'd 'Operate More Effectively' Without Congress or the Courts
(DBN)

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Climate:

Climate change expected to drive private equity away from fossil fuels
(DBN)

Poll: Battleground states support clean energy tax credits
(DBN)

Carbon Emissions Hit New Record in 2019 as Oil and Gas Use Surges
(DBN)

Making sense of an oil giant's net-zero carbon pledge
(DBN)

Out of House & Home: Rise in Climate-Fuelled Displacement
(DBN)

Where Flooding Is Most Affecting Property Values
(DBN)

What is the US doing on climate change?
(DBN)

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Pharma:

Yang calls opioid crisis a 'disease of capitalism run amok'
(DBN)

CEO Named in Opioid Lawsuits to Reap $68 Million for Year’s Work
(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 Locator
(DBN)

Recent Ch. 11 Filings (15 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (34 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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Discharge:

Old Age Isn’t Excuse for Bankrupt’s Failure To Proffer Reports of Financial Condition
(DBN)

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Mediation:

Mediation — And the Role of the Small Business Trustee
(DBN)

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SCOTUS:

Justices Skeptical of Judge-Made Rule in Tax Refund Fight
(DBN)

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Litigation:

Don’t Blame Juries When One Side Loses; Blame The Trial Lawyers
(DBN)

But Is He a Hamilton? A Right-Hand Man, Confidentiality, and Privilege Loss
(DBN)

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Tax:

Leave California, Keep Paying California Taxes…Really
(DBN)

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Private Equity:

Sun Capital Update: First Circuit Rules Affiliated Investment Funds Not Responsible for Portfolio Company’s Pension Liability, Reversing District Court
(DBN)

Finally! First Circuit Overturns the Sun Capital ERISA Multiemployer Plan Liability Case—But Risks Remain for Private Equity
(DBN)

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Utilities:

Report Detailing PG&E’s Failures Raises New Hurdles for Utility
(DBN)

Camp Fire failure part of PG&E’s ‘pattern’ of poor maintenance, regulators say State regulators detail PG&E 'failures' leading to deadly Camp Fire PG&E at fault for Camp Fire, worst in California history State Investigators Discover PG&E Ignored Maintenance Problems Leading to Deadliest Fire In California History
(DBN)

Cal Fire's Own Expert Unsure on Agency's Basis to Clear PG&E in Tubbs Fire
(DBN)

'Deeply sorry' PG&E takes blame for California's deadliest wildfire, seeks 'technologies' to limit future risks
(DBN)

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Education:

The other college debt crisis: Schools are going broke
(DBN)

Survey: Chinese students outperforming in reading, math and science
(DBN)

40-Year Returns On Investment At 4,500 Colleges
(DBN)

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Tech:

Silicon Valley giants accused of avoiding over $100 billion in taxes
(DBN)

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Retailing:

Toys ‘R’ Us Bankruptcy Looms Over Deval Patrick’s Campaign
(DBN)

Elizabeth Warren introduces bill to protect part-time workers during the holiday shopping season
(DBN)

A record 190 million Americans shopped Thanksgiving weekend, most of them online
(DBN)

J.C. Penney escapes NYSE de-listing threat
(DBN)

It's riskier to work in retail than on America's factory floors
(DBN)

Here are the 10 top retailers that investors are betting against as the holiday shopping season ramps up
(DBN)

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Fraud:

Sidley Austin Vows to Fight Claims It Aided $1.3B Ponzi Scheme
(DBN)

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Accounting:

KPMG director banned for life
(DBN)

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Healthcare:

Paul Krugman explains the depressing truth about life and death in red states
(DBN)

63% Say U.S. Health Care Has Huge Problems — and That’s an Improvement
(DBN)

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Consumer Finance:

They Loan You Money. Then They Get A Warrant For Your Arrest.
(DBN)

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Coal:

New US energy secretary: ‘There’s a bright future for coal’
(DBN)

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Cannabis:

Cannabis Market To Shrink Amid Industry Struggles, Experts Say
(DBN)

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Sovereigns:

Dysfunctional Sovereign Debt Politics in Lebanon, Italy, and [Your Country Here]
(DBN)

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UK:

Allen & Overy, Linklaters and Eversheds lead race to register UK lawyers in Ireland ahead of Brexit
(DBN)

Bankrupt Katie Price forced to sell her £230,000 diamond engagement rings from Peter Andre Katie Price turns to psychic after bankruptcy and discovers she predicted everything
(DBN)

Two thirds of people struggling to afford Christmas and a third expecting to borrow for it, warns debt charity
(DBN)

Boris Johnson: Patients should be charged to use NHS services
(DBN)

The Calm After Britain's Brexit Election
(DBN)

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EU:

Lagarde: EU Growth is Weak
(DBN)

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Canada:

Recent Changes to the Bankruptcy and Insolvency Act and Companies’ Creditors Arrangement Act: Effective November 1, 2019
(DBN)

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Mexico:

Drug Cartels Muscle Into Mexican Town Packed With Americans
(DBN)

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Germany:

German Car Industry: 50,000 Jobs at Risk
(DBN)

German Prosecutors Raid Volkswagen Offices in Diesel Probe
(DBN)

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China:

China’s $17 Billion Default Wave Is About to Break a Record
(DBN)

Congress Condemns China Over Uighurs
(DBN)

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India:

Toxic Air: India Choking on Its Own Success
(DBN)

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MENA:

The Madcap Scheme to Take Syria's Oil
(DBN)

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