November 14, 2019

The Daily Bankruptcy News

View prior editions: Click Here
View prior case summaries: Click Here
Search prior headlines: Click Here
Search prior case summaries: Click Here

Format For Mobile Device



Law:

Feeling Flush, Firms See Effects of 2018 Salary Hikes Recede
(DBN)

Biglaw Celebrates Solid Revenue Before The Bottom Falls Out
(DBN)

Another Biglaw Firm Matches Bonuses, Plus Extra Cash For High Billers
(DBN)

Another Firm Comes To Play In Biglaw Bonus Season
(DBN)

Abracadabra! Magic Circle Firm Enchants Associates With Bonus Bucks
(DBN)

The Impressively Large Biglaw Bonuses We Probably Won’t See Again
(DBN)

Cadwalader Moves to Match Associate Year-End Bonus Scale
(DBN)

With a Flurry of Announcements, Bonus Season Is in Full Force
(DBN)

Troutman Sanders and Pepper Hamilton in Advanced Merger Discussions Pepper Hamilton And Troutman Sanders Planning To Merge Troutman Aims for Big Law Big Leagues With Pepper Merger
(DBN)

Faegre Baker Daniels, Drinker Biddle in Merger Talks
(DBN)

How Strong Is the Discrimination Case Against Davis Polk?
(DBN)

These Law Schools Are Especially Tough To Get Into
(DBN)

'Death by a Thousand Cuts': Why Are Women Leaving Big Law? Pay Gap, Lack of Credit Push Women Out of Law Firms, Study Says
(DBN)

ATL’s Legally Themed Halloween Costume Contest: The Winner (2019)
(DBN)

GOP staff attorney is known as a straight shooter uninterested in spotlight
(DBN)

Report Reveals Frantic Scramble After California Bar Exam Blunder
(DBN)

After Trump campaign revelations, Roger Stone trial heads to closings, jury Roger Stone's Lawyers Offer Final Defense to Jurors: 'So What?' Lawyers' Private Talks With Judge at Roger Stone Trial Offer Hints About Their Tactics
(DBN)

Mazars Subpoena Destined for Supreme Court as DC Circuit Rejects Trump on Rehearing
(DBN)

Court: Congress Can Ask for 8 Years of Trump's Tax Returns
(DBN)

The cost to become a U.S. citizen is going up 61 percent Trump's misleading spin on the border crisis How many undocumented immigrants are in the United States and who are they? Woman gets prison for hiding athletes from ICE
(DBN)

Arrested Iowa hackers spark alarm among security pros
(DBN)

Russians struggled to spread DNC files until WikiLeaks helped, report says Stone trial witness suggests Trump was in know on WikiLeaks, emails
(DBN)

Race discrimination standards hang in the balance as Supreme Court takes up Comcast suit
(DBN)

Free Rodney Reed: Four New Witnesses Come Forward With Evidence a Week Before Execution Date
(DBN)

A teacher suing her school district is alleging it made her pay for school supplies and work unpaid hours
(DBN)

She failed the Bar exam. She started a law firm anyway. Now she faces prison.
(DBN)

______________

Judges:

BK AZ Has Questions About BAP
(DBN)

Justice Ginsburg taken ill, absent from Supreme Court RBG misses arguments due to stomach bug
(DBN)

Houston Judge, Indicted for Wire Fraud, Gets Suspended Without Pay
(DBN)

A drunken fight left two judges shot at White Castle. Now, they’ve been suspended.
(DBN)

______________

Wall Street:

Stocks set to open little changed as record-setting rally takes a breather
(DBN)

U.S. Stocks Turn Lower on Trade Woes
(DBN)

More Senior Traders Are Taking Their Butter And Going Home* From Goldman Sachs
(DBN)

______________

Fraud:

West Hollywood school administrator embroiled in college admissions scandal pleads guilty
(DBN)

Bush Ethics Lawyer Suggests Trump's Spiritual Adviser Paula White Committing 'Fraud,' and Running a 'Ponzi Scheme'
(DBN)

____________

Pharma:

Fee-fight emerges in Purdue Pharma bankruptcy over paying plaintiffs firms States Due to Accept Tens of Millions from Purdue Pharma—for Lawyers, Not Victims Purdue Claimants Oppose Payment Of Settling State's Costs
(DBN)

Azar: Trump says America should get "the best deal" on drug prices
(DBN)

A political race to the bottom on drug prices
(DBN)

____________

Food/Beverage:

Owner of 47 "Polished Casual" Restaurants Files In DE - First Day Dec
(DBN)

Bread & Butter Concepts files for bankruptcy KC restaurant group files for bankruptcy, plans to 'come out the other side much stronger'
(DBN)

Dean Foods taps Norton Rose Fulbright and Davis Polk for bankruptcy counsel
(DBN)

A Milk Giant Goes Broke as Americans Reject Old Staples
(DBN)

Dean Foods Bondholders Just Say No to Merger With Dairy Co-op
(DBN)

____________

Healthcare:

'I live on the street now': how the insured fall into medical bankruptcy
(DBN)

Hospital corporation bankruptcy proceedings begin in Houston Hospital operator north of Houston files for Ch. 11 bankruptcy protection Summary: New Chapter 11 Bankruptcy Filing - Walker County Hospital Corporation (d/b/a Huntsville Memorial Hospital)
(DBN)

U.S. to lose thousands of health care workers if 'dreamers' must leave
(DBN)

Hospital's plan to take 9-month-old girl off life support puts spotlight on Texas' "10-day rule"
(DBN)

____________

Personal Finance:

Why You’re Not Getting Interviews: 4 Reasons Your Résumé Is Rejected
(DBN)

____________

E-Cigarettes:

Teen’s lungs scarred so bad from vaping he needed double transplant
(DBN)

More than 2,000 people report mysterious vaping illness
(DBN)

____________

Retailing:

ACSI: In ominous sign, customer satisfaction plummets for 4th straight quarter
(DBN)

The billionaire who cofounded Gap and her 3 sons have lost $1 billion in 2019 so far amid sales slump
(DBN)

How Wegmans and H-E-B survived Amazon's onslaught
(DBN)

6 major ways malls have changed over the last decade
(DBN)

How a few former Toys ‘R’ Us employees are helping lead the brand’s comeback and putting workers first
(DBN)

____________

Student Debt:

AG James Calls On Department Of Education To Cancel Loans Of Former ITT Tech Students
(DBN)

____________

Coal:

Navajo company confident about Wyoming, Montana coal bonding
(DBN)

____________

Debt Collection:

Should I Stay or Should I Go? Bankruptcy Preemption May Bar FDCPA and FCCPA Claims Either Way
(DBN)

____________


Economy:

NY Fed Q3 Report: "Household Debt Continues to Climb in Third Quarter as Mortgage and Auto Loan Originations Grow" US household debt rises in the third quarter, boosted by mortgage borrowing and student loans Americans now have a record $14 trillion in debt US household debt rises for 21st quarter lifted by mortgages
(DBN)

Total U.S. Household Debt Share by Product Type and Age for Q3 2019 Total U.S. Household Debt Balance by Age Total U.S. Household Debt Balance by Delinquency Status Since 2003
(DBN)

BLS: CPI increased 0.4% in October, Core CPI increased 0.2% Health care prices drive up inflation
(DBN)

Cleveland Fed: Key Measures Show Inflation Above 2% YoY in October, Core PCE below 2%
(DBN)

Hedge Fund Founder Andrew Redleaf Says Prepare For Low Growth ‘For A Very Long Period Of Time’
(DBN)

Fed Chief: Get the Deficit Under Control Now
(DBN)

It’ll Take a Recession for Value to Shine, Morgan Stanley Says
(DBN)

U.S. October Budget Gap Widens to $134.5 Billion From Year Ago
(DBN)

Fed Chief Powell Says 'Sustained Expansion' Likely for U.S. Economy Fed Chair Powell: The Economic Outlook Fed’s Powell says interest rates unlikely to change as long as growth continues Fed's Powell Says Economy Can Run at Lower Level of Unemployment Than Thought Fed Chair Powell: Congress needs to watch labor force participation, productivity Fed Chief Powell on 2020 election: It isn't our role to score campaign proposals Powell: U.S. debt is 'on unsustainable path,' crimping ability to respond to recession Fed Chief Powell: It's hard to know how China's economy works Fed Chair Powell: Negative interest rates 'would certainly not be appropriate'
(DBN)

US stocks edge higher on Wall Street as Fed chairman speaks
(DBN)

More tax cuts and negative rates: Trump reveals 2020 economy push
(DBN)

Where low-wage workers are being left behind
(DBN)

AARP executive on 'OK boomer': 'Okay, millennials, but we're the people that actually have the money' 'When did you get so easily triggered?' Disney heiress asks boomers to chill
(DBN)

Report: China hacked key manufacturing group during Trump's trade talks China says the trade war should be ended by removing tariffs US-China trade talks are getting held up because of disagreements on a number of issues Trade Talks Stalled as China Resists U.S. Demands on Farm Goods Purchases China Purchases U.S. Soybeans Amid Trade Talk Uncertainty
(DBN)

Clock ticking as lawmakers move to avoid government shutdown
(DBN)

Cost of US Wars Since 9/11: $6.4 Trillion and Counting
(DBN)

Tax Break for Poor Went to GOP Donor's Superyacht Marina
(DBN)

Trump Says Business Leaders ‘Have No Choice’ but to Vote for Him
(DBN)

France Tried Soaking the Rich. It Didn’t Go Well.
(DBN)

Warren Says Big Business Shouldn’t Worry About Her Presidency
(DBN)

2020 will be a litmus test for capitalism
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

Default Interest: What Does the Plan of Reorganization Say?
(DBN)

Houston Real Estate in October: Sales up 6% YoY, Inventory Up 7%
(DBN)

Enthusiasm may be moving into housing
(DBN)

WeWork's Losses Doubled to $1.25Bn in 3Q
(DBN)

Manhattan’s Rent Surge is Cooling as Tenants Push Back on Hikes
(DBN)

Lake County suspects quid pro quo in bankrupt Gary land owner's deal with lender
(DBN)

____________

Municipalities:

Muni Lowdown
(DBN)

U.S. lawmakers clash over PREPA agreement
(DBN)

____________

Oil/Gas:

Oil Firms Braces for a Credit Crunch as Lender Patience Wears Thin
(DBN)

Top U.S. Gas Producer Looks To Ditch Major Shale Assets
(DBN)

IEA Sees $90 Crude Ahead Of Oil’s Downfall
(DBN)

Is Jerry Jones About To Save Chesapeake Energy?
(DBN)

Honda: Electric Cars Won't Go Mainstream
(DBN)

____________

Politics:

Alexandria Ocasio-Cortez calls Stephen Miller a 'bonafide white nationalist' and demands he resign after emails appear to show he promoted white nationalist ideas to Breitbart AOC and Ilhan Omar call for Stephen Miller’s resignation over his promotion of white supremacist articles
(DBN)

Economist: Warren is right. Her Medicare for All plan won't raise taxes on the middle class
(DBN)

Elizabeth Warren buys CNBC commercial time to blast billionaires in new campaign ad
(DBN)

How Major US Firms Prepared House Impeachment Witnesses
(DBN)

Americans tune in as first public impeachment hearing opens Six Questions Answered About the Public Trump Impeachment Hearings Trump Exposed in Brutal First Day Impeachment Hearings: 12 Big Moments Impeachment's dueling echo chambers Read Bill Taylor's opening statement in the impeachment hearing Taylor testifies staffer overheard Trump discuss "the investigations" with Sondland GOP Challenges Taylor Knowledge of Events Trump’s Shadow Ukraine Policy Laid Bare in Impeachment Opener At first public impeachment hearings, Taylor testifies of a 'highly irregular' channel of policymaking on Ukraine Trump: ‘I don’t recall’ newly revealed conversation with EU ambassador Sondland Top US diplomat reveals details of a previously unknown Trump phone call in bombshell impeachment hearing testimony George Kent defends colleagues against anti-immigrant attacks in impeachment testimony State Department official George Kent accuses Rudy Giuliani of 'infecting' US-Ukraine relations with 'false information' and a 'smear campaign' in impeachment hearing testimony Read George Kent's opening statement in the impeachment hearing Taylor, Kent cross-examined in first public impeachment hearing Read Adam Schiff's opening statement in the first impeachment hearing Trump prepared for impeachment hearings with an epic Fox News binge No-drama impeachment, no surprise ending House Democrats Want a Watergate Repeat. Don’t Count on It Giuliani associate said he discussed Ukraine with Trump in 2018, according to people familiar with his account Lindsey Graham Is Refusing to Watch 'Un-American' Impeachment Hearings A top State Department official blew a hole through one of Trump’s main talking points in the impeachment hearing Can the Impeachment Hearings Actually Change Anyone’s Mind? 7 ways America has changed since the last impeachment hearing What Impeachment Will Cost the GOP Read Devin Nunes' opening statement in the impeachment hearing Drag queen sashays into Trump impeachment hearings Rep. Jim Jordan's Attempt at Attacking a Whistleblower Draws Laughter at Impeachment Hearing FactCheck: William Taylor and George Kent, the public witnesses in the House impeachment inquiry, are "Never Trumpers"
(DBN)

I saw requests like Trump's when I was in the CIA; but not in democracies
(DBN)

Trump's 'little conflict of interest' in Turkey draws scrutiny as he offers Erdogan a generous deal
(DBN)

John Bolton takes heat for speaking to Morgan Stanley clients but not Congress
(DBN)

U-Fla. student president faces impeachment after bringing Trump Jr. to campus for $50,000
(DBN)

State Department faces its biggest crisis since Joseph McCarthy's hysteria
(DBN)

She inflated her resume and peddled a fake Time cover. Trump appointed her to the State Department Trump Staffer Mina Chang's BS Resume
(DBN)

Mark Cuban Makes Intellectually Dishonest Argument To Show Elizabeth Warren’s Intellectual Dishonesty
(DBN)

____________

Healthcare:

Former Hahnemann residents fear bankruptcy will leave them without malpractice insurance
(DBN)

Nearly half of Americans say they’ve been hit with a surprise medical bill
(DBN)

The Horrifying Number of Americans Who Can’t Afford Their Prescription Drugs
(DBN)

____________

Bankruptcy Crimes:

Washington County Businessman Sentenced to Prison for Conspiring to Defraud the IRS and Filing a False Declaration in a Bankruptcy Proceeding
(DBN)

OATH Corporation CEO Sentenced For Wire, Tax, And Bankruptcy Fraud
(DBN)

____________

 


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 (58 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (stone20 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)

______________

LBOs:

Here’s How KKR Might Just Pull Off the Biggest LBO in History
(DBN)

____________

Avoidance Actions:

Bankruptcy Trustees Receive Early Holiday Present – a Circuit Level Win Against Colleges in the Tuition Clawback Cases
(DBN)

Tuition As a Fraudulent Transfer
(DBN)

500 Years and Counting: 16th Century Legal Principles Resonate in Modern Fraudulent Transfer Jurisprudence
(DBN)

____________

Automatic Stay:

Argument analysis: Justices lean toward validating immediate appeals of bankruptcy orders denying relief from the automatic stay
(DBN)

3rd Cir. Holds Failure to Turn Over Collateral Repossessed Prior to Bankruptcy Does Not Violate Automatic Stay
(DBN)

____________

Bankruptcy Tourism:

The Golden Age of Bankruptcy Tourism
(DBN)

____________

Climate:

Climate change might hit the economy harder and faster than thought
(DBN)

The mammoth gap between energy trends and climate goals
(DBN)

What We Can (and Should) Do to Address Climate Change in the Next 30 Years
(DBN)

Venice Flooding Sees More Than 85 Percent of City Underwater as Right-Wing Mayor Blames Climate Change Venice Floods Are a Sad Tale of Bureaucracy and Corruption
(DBN)

A Dam Big Problem
(DBN)

Australians ordered to flee flames as fires rage in east and west
(DBN)

US Arctic Blast Breaking 100 Year Old Records
(DBN)

Countries Are Falling Far Short on Action to Tackle Climate Change as Fossil Fuel Use Increases, Says Energy Report
(DBN)

IBM hopes to change weather forecasting around the globe using big data and a new supercomputer
(DBN)

____________

Corporate Governance:

California sued again for requiring women on company boards
(DBN)

____________

Travel:

Stressed while flying? At one airport, an 'A-list celebrity' pig can help
(DBN)

____________

Agribusiness:

Packing company declares bankruptcy in the middle of farmworker class-action lawsuit.
(DBN)

____________

Utilities:

PG&E's Equity To Be Deemed Worthless
(DBN)

After Blackouts, PG&E Ranks at Bottom for Customer Satisfaction
(DBN)

Putting Out Fires – Is Restructuring The Only Future For PG&E?
(DBN)

____________

Chemicals:

Ex-DuPont CEO Now Says Chemours Liabilities Are ‘Uncapped’
(DBN)

____________

UK:

U.K. Retail Sales Unexpectedly Fall as Brexit Fears Take Toll
(DBN)

Skint Katie Price splurges on shopping trip with Kris Boyson ahead of bankruptcy hearing
(DBN)

Thomas Cook Germany cancels 2020 bookings
(DBN)

Brits lash out at Boris Johnson as he visits flooded towns
(DBN)

Leading firms 'well adrift' of target for women in top jobs
(DBN)

____________

Hong Kong:

With Hong Kong crippled by unrest, college students evacuate a burning city
(DBN)

Hong Kong shares slide as violent protests continue
(DBN)

Hong Kong protesters prepare for battle
(DBN)

Everything’s Being Canceled in Hong Kong, Deepening the Tourism Slump
(DBN)

____________

MENA:

Lebanon slides deeper into turmoil, no sign of new government
(DBN)

U.S. official rejects Israeli demands on aid for Lebanese army
(DBN)

Iraqi Protests: Where's the Oil Money?
(DBN)

____________

China:

Billionaire's son faces social exile as latest target of China's debt-shaming system
(DBN)

____________

Japan:

Japan's Economic Growth Falls Sharply
(DBN)

____________

Germany:

Germany dodges recession with unexpected third-quarter growth
(DBN)

Neo-Nazi Atomwaffen Creates Fear in Germany
(DBN)

____________

India:

Bankruptcy board tells insolvency officials to hurry up, explain reasons for delays
(DBN)

____________

South Africa:

South Africa’s Showdown With Unions Gets Ugly 
(DBN)

____________

Argentina:

Argentine Bonds Sink to 36 Cents as President-Elect Stays Mum
(DBN)

____________


The Daily Bankruptcy News is primarily a curated news link gathering service.   Most of the headlines contained in the publication are a collection of links to stories posted on the Internet by various third party publications.  Such content is owned by third party sources, not The Daily Bankruptcy News, and in some cases, these links change or expire, which means you may not be able to view some news stories in prior editions of the Daily Bankruptcy News. The DBN subscription fee is not a fee for access to the content of the links, but is a charge for the considerable work involved in gathering, organizing and presenting the links. Use of this site and The Daily Bankruptcy News is subject to our Terms of Use. If you received The Daily Bankruptcy News via email (and you have a paid subscription account), to view a news story, click on the headline, and the story should open in your web browser. To view additional stories, click back to the email and click on additional headlines, which will cause new stories to open in your web browser.  You can view the most recent edition of The Daily Bankruptcy News on the web at BKInformation.com.

Advertising
Advertising is available in The Daily Bankruptcy News. Click here for details  Feel free to contact us with any questions.

Passwords/Subscriptions
Access to certain links in The Daily Bankruptcy News is available only to readers holding a paid service subscription. These links are currently marked with a "DBN" notation. The cost of a subscription is $66.50/year, payable annually.  Volume discounts are available for sites with multiple users. Click here to see a schedule of discounts. Complimentary subscriptions are available for full-time educational and governmental employees and for full time students. For information about discounts or educational/governmental subscriptions, contact us by clicking here. A separate password is required for each member of a firm wishing access to restricted links.

New readers can receive a free password good for 30 days by clicking here. 30-day passwords are not available to readers who have previously had a password, even if the password was associated with a different email address used by the reader. Refunds are not available after purchase.

Readers who wish to change their passwords should click here. Readers who have forgotten their password should click here.

Adding Your Email Address To The Distribution List
If you would like to start receiving The Daily Bankruptcy News by email each day, click here, and fill in the information requested. There is no charge to be placed on the distribution list to receive the headlines, although access to many of the links behind the headlines requires a paid subscription (see above, under Passwords). If, after adding your email address to the distribution list, you do not receive an email confirming the addition, please contact us by clicking here for help.

Removing Your Email Address From The Distribution List
If you already receive The Daily Bankruptcy News by email and you wish to remove your email address from the distribution list, click here and send the email that should appear. You do not need to type anything in the body of the email message. Note that the email asking for removal must be sent from the same email address which is on our distribution list. If you do not receive an email confirming deletion of your email address from the distribution list, contact us by clicking here for help.

If receive the publication forwarded from an older email address, you will need to contact us as described below for help removing that older address from our distribution list.

Press Releases/News Tips
Please send press releases and news tips to admin@bkinformation.com

Contact Us
The Daily Bankruptcy News is published each business day by BKINFORMATION.COM, L.L.C. You can phone or text us at 281-402-3957. You can email us at accounting@bkinformation.com (email inquiries are usually answered substantially more quickly than phone inquiries). Our mailing address is 935 Eldridge Road, No. 350, Sugar Land, Texas 77478.

Copyright 2019