November 15, 2019

The Daily Bankruptcy News

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Law:

Biglaw Partner Announces Firm’s Bonus Scale ‘From My iPhone’ Like It’s No Big Deal
(DBN)

Biglaw Bonus Announcement Comes With Lack Of Clarity For Mid-Level And Senior Associates
(DBN)

Skadden Enters The Bonus Game
(DBN)

Debevoise, Shearman Join Group Matching Associate Bonus Scale
(DBN)

Which BigLaw firms have jumped on the bonus bandwagon?
(DBN)

It’s Bonus O’Clock At This Biglaw Firm
(DBN)

Elite Firm Joins Milbank Scale… Earns Well-Deserved Nod Of Affirmation
(DBN)

2 sets of BigLaw firms confirm merger talks
(DBN)

Man Sues Ex-Girlfriend for Breaking up With Him (And Gets Big Law Partner to File the Case)
(DBN)

‘Human Error’ Cited in Calif. Bar Exam Snafu, Report Says
(DBN)

Why are experienced women lawyers leaving BigLaw? Survey looks for answers and finds big disparities It’s Not Your Imagination — Women Are Leaving Biglaw In Droves
(DBN)

Kirkland partner risks career by snogging junior lawyer at pumpkin party
(DBN)

Students And Alumni Are Pretty Pissed About T14 Law School’s Name Change What's In a Name for Law Schools? Money. Lots of It.
(DBN)

To Diversify the Legal Pipeline, Let's Share the Rules of the Game
(DBN)

'Offsite' Program Helps Ropes & Gray Lawyers Chart Their Own Path
(DBN)

Meet Stephen Castor, the GOP lawyer stealing the show in Trump impeachment hearings
(DBN)

Jury begins reviewing case of GOP operative Roger Stone Roger Stone trial jury begins deliberations over whether GOP strategist lied to Congress Roger Stone jury weighs evidence and a defense move to make case about Mueller
(DBN)

Donald Trump Is Taking His Tax Returns Fight to the Supreme Court—but There's No Guarantee It Will Listen Trump Asks Supreme Court to Block N.Y. Subpoena for His Tax Returns John Roberts' Supreme Court Just Got Its First Trump Tax Returns Case Trump asks Supreme Court to let him keep tax returns secret, setting up landmark fight Trump asks Supreme Court to shield his tax returns from prosecutors, setting up historic separation-of-power showdown
(DBN)

Federal Court Sets ‘Emergency’ Hearing in Trump Tax Return Case
(DBN)

Executors of Jeffrey Epstein’s Estate Are Trying to Settle Abuse Claims Confidentially
(DBN)

Rudy Giuliani 'Jokes' That He Has 'Insurance' in Case Trump Throws Him Under the Bus
(DBN)

Prosecutors Drop Two Charges Against Avenatti, Add Another
(DBN)

At least one victim dead, several others injured after California high school shooting Santa Clarita Teen Seemed Unlikely Gunman
(DBN)

AG William Barr Publishes Report on Effectiveness of Gun Background Check System
(DBN)

Trump Says Europe Should Pay More To Cover Costs Of Supporting Refugees After Letting Zero Refugees Into U.S. Last Month
(DBN)

Donald Trump says some DACA recipients are ‘very tough, hardened criminals.’ That’s False
(DBN)

Trump Prepares to Seize Texas Land for Wall
(DBN)

Apprehensions dwindle at southern border as fewer migrant families seek asylum
(DBN)

Judge rules woman who left Alabama to join ISIS is not U.S. citizen
(DBN)

For years, NYPD denied illegally saving minors' fingerprints. Now it vows to destroy the data.
(DBN)

He brought his baby to a drug ripoff as a 'human shield,' prosecutors say. The boy was shot.
(DBN)

‘Admitting to stress is not weak' says Clifford Chance partner as BPP converts classrooms into meditation studios
(DBN)

Prosecutors allege law grad who failed bar exam created law firms in name of classmate
(DBN)

Ohio lawmakers proposed a total ban on abortion. Judges say those laws are unconstitutional.
(DBN)

Judge tosses lawsuit over article tying lawyer to neo-Nazis
(DBN)

How bail keeps people locked up for being poor, and led to a $2 billion private industry
(DBN)

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Judges:

Senate confirms White House lawyer as appeals court judge
(DBN)

Milbank Partner Up for Calif. District Court Seat Reports Firm Salary of $3+ Million
(DBN)

Kavanaugh Tells Conservative Group He Went Through Ugly Process
(DBN)

Senate confirms Menashi to U.S. Court of Appeals in New York Trump Flips New York-Based Second Circuit as Menashi Confirmed
(DBN)

Three judges apologize for brawl which led to shooting
(DBN)

2019 Director’s Awards Presented for Leadership, Excellence, Bravery
(DBN)

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Wall Street:

US futures point to higher open
(DBN)

U.S. Stocks Close Nearly Flat After Another Lackluster Session
(DBN)

Ominous ‘Hindenburg Omen’ and ‘Ohama Titanic Syndrome’ are forming in a key stock index
(DBN)

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Layoffs:

Gannett finalizes deal to become nation's largest newspaper publisher, setting stage for $300 million in cuts
(DBN)

NORPAC plans to lay off 900 workers, close two facilities
(DBN)

WeWork sends non-compete letters to laid-off workers
(DBN)

Silicon Valley giant to lay off 280
(DBN)

CarePoint Health issues 2,700 layoff notices
(DBN)

Sears is laying off hundreds of corporate employees after announcing 96 store closings
(DBN)

10 things you should do if you're worried about your future after a round of layoffs, according to career experts
(DBN)

Brentwood Houlihan’s closes with no notice, employees left scrambling without paychecks Another Houlihan’s has suddenly closed in N.J. Lansing Mall Houlihan’s Restaurant & Bar closes
(DBN)

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Crypto:

Thieves targeted crypto execs and threatened their families in wide-ranging scheme, says DOJ
(DBN)

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Utilities:

California Commission Head Open to Replacing Utility Giant With Co-op
(DBN)

Sonoma Clean Power officials will explore public ownership of PG&E utility lines
(DBN)

California Congressman Calls for PG&E Oversight Hearing
(DBN)

California Governor Newsom Fielding More PG&E Takeover Calls
(DBN)

Pressure grows for California governor to allow PG&E takeover
(DBN)

California faces fraught path out of wildfire, power crisis
(DBN)

PG&E customers feel disrespected by their utility company
(DBN)

California and PG&E face uncertain futures as wildfire danger looms
(DBN)

PG&E Is Headed To Zero. Should Investors Get Out Now?
(DBN)

Beer insulting California utility PG&E brews backlash
(DBN)

Some PG&E customers haven’t received compensation for Oct. 9 shut-offs
(DBN)

California regulator to investigate PG&E, other investor-owned utilities over recent power outages
(DBN)

After PG&E's failures, Kamala Harris introduces bill targeting bankrupt utilities' executive bonuses
(DBN)

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Economy:

Global debt expected to exceed $255 trillion by end of 2019 Global debt surged to a record $250 trillion in the first half of 2019, led by the US and China
(DBN)

Powell says he doesn’t see a ‘day of reckoning’ coming for the US anytime soon Jay Powell Takes Literal ‘Same S---, Different Day’ Approach To Congressional Testimony
(DBN)

The Only Chart You Need to Understand 2019's Global Markets
(DBN)

70% in US Claim to be Struggling Financially
(DBN)

Weekly Initial Unemployment Claims increased to 225,000
(DBN)

How Trump’s trade war went from method to madness Treasury yields tick higher amid uncertainty over US-China trade deal US and China ‘getting close’ to trade deal, White House economic advisor Kudlow says Kissinger Warns of China-US Catastrophic Conflicts
(DBN)

Nancy Pelosi says a USMCA trade deal breakthrough could be ‘imminent’
(DBN)

What Damage Negative Interest Rates Would Do To Your Money Market Investments
(DBN)

Interest rates are in a ‘good place,’ New York Fed leader Williams says
(DBN)

Billionaires Bezos, Gates fortunes after Warren, Sanders wealth tax Lloyd Blankfein mocks Elizabeth Warren after attack ad: ‘Maybe tribalism is just in her DNA’ Leon Cooperman: Warren’s wealth tax is ‘probably unconstitutional’ Lloyd Blankfein Attempts A Clapback Tweet, Ends Up With A Flaming Cooperman On His Hands Billionaire 2020 candidate Tom Steyer calls on Bloomberg to support wealth tax if he enters race Elizabeth Warren stands to benefit from Leon Cooperman's expletive-laced attacks Warren's misleading pitch for her tax on billionaires “ok billionaire”: Elizabeth Warren is leaning into her battle with the super-rich
(DBN)

To reduce inequality, tax inheritances
(DBN)

How did unfettered business become a bipartisan issue? Professor Luigi Zingales explains why Democrats and Republicans are both pro-business parties, at the expense of everyone else.
(DBN)

Markets Are About To Make Trump’s Head Spin
(DBN)

A Snapshot of Each State’s Financial Health
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

MBA: "Mortgage Delinquencies Fall to Lowest Level in Nearly 25 Years"
(DBN)

Mortgage rates are increasing again — so why did more people apply for home loans?
(DBN)

Report: After easing slightly, nation's inventory of for-sale houses may tighten again in 2020
(DBN)

An end to Fannie, Freddie conservatorship by 2022?
(DBN)

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Municipalities:

Jones Day calls Duggan ‘political hack’ over claims
(DBN)

Detroit bankruptcy creditor demands more time for riverfront condos
(DBN)

California is becoming a nightmare. Here's why the state is getting unlivable, according to science.
(DBN)

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Oil/Gas:

Houston energy companies face second wave of colossal bankruptcies
(DBN)

Billionaires Circle Distressed Assets in U.S. Oil and Gas Patch
(DBN)

The Uncertain Fate Of U.S. Shale In 2020
(DBN)

City and union officials to consult on Philadelphia refinery sale process: U.S. court Future owner of PES refinery could be decided as soon as January Bankrupt oil refiner PES locks up $100 mln loan, bidding procedures
(DBN)

Weatherford swaps CFOs amid bankruptcy
(DBN)

OPEC+ risks oil below $50 without deeper supply cuts OPEC Output Soars As Venezuela Bounces Back From The Brink
(DBN)

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Cannabis:

Support for marijuana legalization is at an all-time high in a new poll Only 8 percent of Americans say marijuana should be completely illegal
(DBN)

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Education:

The 20 college majors that pay the least
(DBN)

Success Academy officials, parents say defunct Catholic school won’t meet space needs
(DBN)

Is college worth it? A study measures return on investment - with some surprising results.
(DBN)

California AG’s Legal Battle With Ashford University Rages On
(DBN)

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Politics:

Warren gains with black voters
(DBN)

Teachers' union in Los Angeles endorses a presidential candidate - and it's Bernie Sanders
(DBN)

See the viral exchange where a Republican tried calling out Trump's whistleblower during the blockbuster impeachment hearings and a Democrat had the perfect response Bill Taylor is Donald Trump's impeachment nightmare Bill Clinton to Trump: Ignore Impeachment AP source: 2nd US official heard Trump call with Sondland Trump's shadow Ukraine policy laid bare, and ex-envoy is up next Pelosi: Impeachment Inquiry Has Yielded Evidence That Trump Engaged In 'Bribery' How Trump is using Facebook to amplify his fight against impeachment Fox's prime time stars are telling Trump that the impeachment hearings are a 'disaster' for Democrats Zeldin rips media takes on impeachment 'Schiff show': Don't know what hearing they watched White House looks both to be in the impeachment fray — and appear above it Donald Trump’s impeachment: a grave and necessary process Schiff hammers Trump's Crowdstrike conspiracy theory at impeachment hearing Bill Bennett on impeachment hearings: 'No crime. No bipartisanship. No drama.' Trump Is Surrounded Kellyanne Conway says 'nothing new' in impeachment hearing despite new revelations Everyone’s Already Decided If They Want Trump to Be Impeached The Two Irreconcilable Realities of the Impeachment Hearings How Adam Schiff avoided a circus during first televised impeachment hearing One defense of Trump is literally a TV-sitcom joke Fact-checking the opening day of the Trump impeachment hearings Bill Clinton calls out Trump for refusing to work with Congress during impeachment Impeachment Is Not a Fair Fight, and on Day One It Showed Democrats' problem breaking through on impeachment White House budget official will testify if subpoenaed, lawyer says Republicans Want to Turn the Impeachment Hearings Into ‘Judge Judy’
(DBN)

Fact-checking impeachment witness William Taylor's claim about Russia treaty violations
(DBN)

Rudy Giuliani calls Trump ‘very loyal’ but jokes he has ‘insurance’ just in case
(DBN)

Poll: Biden leads Trump by 12 points in head-to-head matchup
(DBN)

Trump campaign raised $3.1M from impeachment hearing: manager
(DBN)

Lawmakers Have Found Their Strategies for Impeachment Hearings—and They're Sticking to Them
(DBN)

Erdogan returns Trump letter saying not to be 'fool,' 'devil' in Syria Trump showed he doesn’t understand Turkey — while standing next to Turkey’s president
(DBN)

The only Democratic governor in the Deep South is fighting to hang onto his seat
(DBN)

Trump returns to Louisiana, trying to flip governor's seat
(DBN)

Matt Bevin concedes Kentucky governor's race
(DBN)

State Department watchdog finds officials retaliated against career diplomats State Department inspector general slams smear campaign against employee
(DBN)

U.S. Vows to Defend South Korea With Full Military Force Following Pyongyang Threats North Korea calls Biden a 'rabid dog' who deserves to be beaten to death
(DBN)

Emails Show Stephen Miller Directed Breitbart to Attack Marco Rubio Campaign, Shared Reports from Anti-Immigrant Think Tank
(DBN)

Ethics panel extends probe; report says Tlaib likely misused campaign funds
(DBN)

Taibbi: Democrats' 2020 Clown Car Disaster
(DBN)

Americans Struggle to ID True Facts
(DBN)

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Taxis:

Uber Hit With $650 Million Tax Bill in New Jersey Drivers Aren't Employees? Uber Fined $649M
(DBN)

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Fraud:

MacFarlane's Sentence and Lori Loughlin
(DBN)

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Religion:

US bishop who investigated sex abuse accused of sex abuse himself
(DBN)

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New Bankruptcy Opinions
(6 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (22 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)
(DBN)

Seminars - (Contact us to list your seminar)

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Bankruptcy Statistics:

Bankruptcy Filing Rate Remains Flat
(DBN)

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Disclosure:

Accuracy on Bankruptcy Schedules: A Challenge in Representing Family Businesses
(DBN)

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Trustees:

Ch. 7 Trustee Sought For Guam
(DBN)

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Healthcare:

Hospital in low-income south St. Louis neighborhood struggles to pay the bills — and its new operator has a troubled track record elsewhere
(DBN)

The post-antibiotic era is here
(DBN)

Majority of anti-vaccine ads on Facebook were funded by two groups
(DBN)

Trump to introduce price transparency rules for hospitals and insurers
(DBN)

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Private Equity:

Private Equity’s Chicken Little Dance
(DBN)

Significant Retail Job Losses At Private-Equity Backed Companies Should Worry Us
(DBN)

Chamber of Commerce questions effects of bill to reform private fund industry
(DBN)

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Climate:

Climate change will affect “every single stage” of a child’s life, health researchers warn
(DBN)

Wall Street Taking Closer Look at Climate Change Risks
(DBN)

Venice hit by another ferocious high tide, flooding city
(DBN)

The Climate Crisis is Coming for Your Land Rover
(DBN)

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E-Cigarettes:

42 reported dead from vaping-related lung illness
(DBN)

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Food/Beverage:

Houlihan's files for bankruptcy; Landry's agrees to stalking horse bid Houlihan's Restaurant, Inc. second KC food group to file for bankruptcy Houlihan's Restaurants, Inc. Executes Asset Purchase Agreement; Sale Facilitated Through Voluntary Chapter 11; Restaurants Open and Serving Guests; Franchise Restaurants Not Included in Proceeding Houlihan’s The Latest Restaurant Chain To File For Bankruptcy?—Here Are 3 More That Bottomed Out This Year
(DBN)

Landry’s Offers to Snap Up Another Bankrupt Restaurant Chain
(DBN)

Farmers, co-operatives wait on Dean Foods bankruptcy Dairy cow owner reacts to news of Dean Foods bankruptcy filing Dean Foods Gets OK To Tap Into $475M In DIP Funds The decline of dairy
(DBN)

NORPAC announces plant closures, massive layoffs, union hopeful another buyer will step in
(DBN)

The worst isn't over yet for Kraft Heinz
(DBN)

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Travel:

Stuck with an annoying airline seatmate? Here's what you can do about it.
(DBN)

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Pharma:

Purdue's Law Firms Must Return Retainers, US Trustee Says
(DBN)

What lower prices would mean for drug companies
(DBN)

West Virginia May Go to Court in Lieu of Low Opioids Settlement
(DBN)

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Retailing:

Historic jewelry retailer files for Chapter 11 bankruptcy in Houston
(DBN)

If retail is dying, then pop-up shops might be what replace it.
(DBN)

Forever 21's bankruptcy forces us to confront the reality of fast fashion
(DBN)

How Prevalent are Rent Renegotiations for Ailing Retailers?
(DBN)

Retail sales data should show a spending rebound, with a little help from Amazon’s Prime Day
(DBN)

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Student Debt:

Feds urged to forgive loans for students of bankrupt for-profit Liverpool school
(DBN)

Betsy DeVos And The High-Stakes Standoff Over Student Loan Forgiveness
(DBN)

CFPB and State AGs Sue Student Loan Debt Relief Companies
(DBN)

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Personal Finance:

Billionaires' success boils down to a set of 3 personality traits that aren't directly tied to intelligence, a new report says
(DBN)

New Yorkers who bankrupt their partners would be considered domestic abusers under a new bill
(DBN)

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Consumer Finance:

Maybe The Apple And Goldman Sachs Credit Card Isn’t Gender Biased
(DBN)

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UK:

Insolvency Service launches investigation into conduct of Hadlow College directors
(DBN)

Australia Asks for Brexit Trade Compensation
(DBN)

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India:

Government notifies rules under insolvency law for resolution of financial service providers Government brings out rules for bankruptcy resolution of non-bank lenders India's bankruptcy laws tweaked to help resolve problems at non-bank lenders
(DBN)

India’s bankruptcy board Chairman explains the evolution of the country's insolvency laws
(DBN)

Bank stocks surge after Supreme Court's order on Essar Steel insolvency ArcelorMittal : Gets Approval for $5.8 Billion Essar Deal in India
(DBN)

Jet Airways plunged into deeper financial crisis
(DBN)

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