November 19, 2019

The Daily Bankruptcy News

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Law:

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

Morris Nichols Promotes Bankruptcy Attorney Matt Harvey to Partner
(DBN)

New California bar study finds racial disparities in lawyer discipline
(DBN)

U. Penn’s Wharton School of Business Wins 5th Consecutive Title at ABI Corporate Restructuring Competition
(DBN)

California Bar Exam Pass Rates Soar After Essay Leak
(DBN)

Lawyer on the Lam Gets Reprieve in Bankruptcy Case, for Now
(DBN)

Lawyers are just like people selling fruit on a market stall
(DBN)

Prosecutor Used Daughter As Bait For Predator
(DBN)

The Most Competitive Law School Students Of Them All
(DBN)

'Penn Law' Keeps Its Name—For Now
(DBN)

DLA Piper Leads Big Law in Social Media as More Firms Shun Facebook: Report
(DBN)

Chasing Rankings Is Starting To Strain Some Elite Universities
(DBN)

Your ex-lawyer is ratting you out to the IRS? Tough luck, says 6th Circuit
(DBN)

Law Students Evict Bird From Law School Library
(DBN)

The 23 Law School Naming Gifts ($3 Million - $125 Million)
(DBN)

Harvard 1Ls: Elite Law Schools Shortchange Students By Veering Left
(DBN)

Photos and video of Prince Andrew at glamorous French Riviera events appear to contradict his claim in BBC interview that he 'never really partied'
(DBN)

Criminal charges expected this week against Epstein guards
(DBN)

Ghislaine Maxwell Requests Extension to Argue Against Exposing 'Hundreds' of Names in Epstein Docs
(DBN)

Supreme Court temporarily blocks House subpoena for Trump's tax returns House Tells Court It Won’t Oppose 10-Day Delay on Trump Subpoena
(DBN)

Justice Department inspector general to testify on FISA investigation
(DBN)

Appeals Court to Hear DOJ Arguments Against Releasing Mueller Grand Jury Materials for Impeachment Inquiry
(DBN)

As Impeachment Draws Near, An “Agent Provocateur” May Have To Wait For An Urgent Pardon
(DBN)

IRS whistleblower case advances as Senate staff probe whether political appointee meddled with audit of Trump or Pence
(DBN)

AG Barr accuses Democrats of war on Trump that’s intended to ‘incapacitate the executive branch’
(DBN)

“Very Dangerous and Indeed Incendiary”: Barr Gives Controversial Speech To Federalist Society
(DBN)

Huh? Courts Shouldn't Rule on Laws?
(DBN)

A Trump lawyer bolsters the defense of a wealthy Ukrainian accused of laundering money
(DBN)

House investigating whether Trump lied in written answers to Mueller
(DBN)

Cybercrime Booms As Scammers Hack Human Nature To Steal Billions
(DBN)

The Walmart shooting is part of a typical week for America
(DBN)

Fresno, California, shooting: what we know
(DBN)

52% Describe Problem of Crime in the U.S. as Serious
(DBN)

The Most Dangerous Places In The World To Visit
(DBN)

Trump admin readies rule to send asylum-seekers back to dangerous countries they passed through
(DBN)

Professor Who Wrote Book Drug Crime Is Accused of Money Laundering
(DBN)

Boss slashes gay man's pay in half so he'd be on par with 'the other females,' lawsuit claims
(DBN)

Law student appears on Rich Kids Go Skint
(DBN)

Breaking Bad Goes Bad: Two University Professors Arrested For Making Meth
(DBN)

Attorney jailed in alleged shooting attempt at law office
(DBN)

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Judges:

Law School Professor Gives Mitch McConnell Giant Check To Confirm More Unqualified Judges
(DBN)

Christine Blasey Ford says her Kavanaugh testimony 'was simply doing my duty as a citizen'
(DBN)

The Biglaw Firm Taking Disgraced Former Judge Kozinski To Dinner
(DBN)

Justice Ruth Bader Ginsburg is back on the bench
(DBN)

US Supreme Court legend Ruth Bader Ginsburg now has her own Lady Hale spider pin
(DBN)

Amber Guyger Amber Guyger Judge Kicked Off of Contempt Case Against District Attorney
(DBN)

The Fall of Judge Rudy Delgado: Ex Jurist to Report to Prison
(DBN)

Three judges get into drunken brawl, two end up with bullet wounds
(DBN)

Federal Judge Pummels Lying Litigator In Unrelenting Courtroom Beatdown
(DBN)

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Wall Street:

Dow futures erase earlier gains after big Home Depot sales miss
(DBN)

Stocks hit a record, but then give up gains and end the day little changed
(DBN)

Hedge funds see diminishing returns in Trump’s tweets
(DBN)

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Layoffs:

WeWork Says Job Cuts to Begin ‘In Earnest’ This Week in U.S. WeWork braces for mass layoffs this week Read the full email from WeWork’s chairman to employees announcing layoffs The New York state attorney general is investigating WeWork amid layoffs
(DBN)

Big changes at Pheasant Run? Resort to lay off 75% of its staff amid plans to restructure
(DBN)

Biotech giant Amgen eliminating about 172 jobs
(DBN)

GEO announces 141 layoffs
(DBN)

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Politics:

Cramer: Elizabeth Warren’s ‘Medicare for All’ delay shows ‘she is not as left as you thought’ Elizabeth Warren Has a Smart Hedge on Medicare for All
(DBN)

While leading nationally, Joe Biden faces headwinds in Iowa
(DBN)

230 Years and Zero Presidents: Why Mayors Haven’t Jumped Straight to the White House
(DBN)

Iowa Poll: Trump's Ratings Still Sky High National Polls Shifting Against the President
(DBN)

Pelosi says Trump is in ‘way over his head’ in the Oval Office
(DBN)

U.S. Support for More Government Inches Up, but Not for Socialism
(DBN)

Stock image used to promote Buttigieg's plan for black America was taken in Kenya
(DBN)

Louisiana defeat shows suburban voters abandoning Trump
(DBN)

‘Medicare for All’ Is a Loser at the Polls, Analysis Finds Democrats like Medicare for All, but swing voters don't
(DBN)

The GOP's defenses in the Trump impeachment inquiry are about to blow up in spectacular fashion this week Trump says he'll "strongly consider" impeachment inquiry testimony Trump Could Be the First President to Speak at Own Impeachment Inquiry Pressure Builds On Trump to Testify Trump Says He Will Once Again ‘Consider’ Answering Investigators’ Questions in Writing AP: Zelensky feared Trump was pressuring him to investigate Biden In Trump-Nixon comparison, Pelosi raises specter of resignation Nixon's son-in-law says Trump will fight all the way through impeachment White House official sues Politico, targets Schiff’s role in impeachment Ancient Rome’s lesson for Washington as impeachment inquiry progresses Pompeo again declines to defend diplomats embroiled in impeachment Democrats add a last-minute witness to Trump impeachment hearings Read: House impeachment investigators release Hale, Holmes transcripts Trump takes his ‘scam’ message to the heartland Attacking witnesses is Trump's core defense strategy in fighting impeachment Pro-Trump group finds swing voters are unconvinced on impeachment Trump Inc. leaks on itself Impeachment hearings to focus on Trump’s Ukraine call, White House damage control ‘I’ve never seen anything like this,’ State Department official said of Trump-Sondland call Sondland Appointed Because of $1M Donation Trump Personally Directed Mob-Linked Figure Tied to Ukraine Shakedown
(DBN)

Ukraine’s president felt pressure from Trump even before July phone call
(DBN)

Congress May Depose IRS Whistleblower
(DBN)

Federal Probe of Rudy Giuliani Appears to Go Well Beyond Campaign Finance Violations
(DBN)

70% of Americans say Trump’s actions tied to Ukraine were wrong
(DBN)

House staffers on a summer trip to Ukraine learned U.S. aid was frozen. Stunned, here's what they did next.
(DBN)

The wolves are coming for Kurt Volker
(DBN)

Daily presidential tracking poll
(DBN)

Presidential Qualities Seen Lacking Among Leading Contenders
(DBN)

Trump’s weekend hospital visit draws a skeptical reaction
(DBN)

Possible pay-to-play scheme for ambassador role in Trump administration uncovered by CBS News
(DBN)

Trump views summits as chance to "brag," North Korea says
(DBN)

Neil Cavuto Rips Trump for Attack on Chris Wallace: It's Not The Job Of Journalists to Praise You’
(DBN)

Chick-fil-A no longer donates to controversial Christian charities after LGBTQ protests
(DBN)

‘No One Believes Anything’: Voters Worn Out by a Fog of Political News
(DBN)

Muslim candidates faced hatred in 2018 political races. This year, 26 won election nationwide
(DBN)

Colin Kaepernick Situation Proves NFL Collusion Is Real And Has No Bounds
(DBN)

Krugman: Trump and His Party of Pollution
(DBN)

The State Department official who embellished her résumé and appeared with a fake Time cover of herself has resigned
(DBN)

____________

Personal Finance:

10 fears you need to let go of to move forward in your life
(DBN)

11 things you should never say to your bartender
(DBN)

Prepaying Your Mortgage Is A Huge Financial Winner
(DBN)

Seven Job Interview Mistakes You Probably Don’t Realize You’re Making
(DBN)

____________


Economy:

Trump and Jerome Powell meet on economy, but Fed says decisions will remain ‘non-political’ Trump Discussed 'Negative Rates' In Unscheduled Meet With Fed Chair Trump has 'cordial' meeting with Fed Chair Powell, who was summoned to White House about interest rates Trump has 'cordial' meeting with Fed Chair Powell after calling him a bonehead Powell Meets Trump, Mnuchin to Discuss Economy in Rare Sit-Down
(DBN)

Is GDP 1.9% growth 'the greatest' or 'deep trouble' Fed GDPNow latest forecast: 0.3 percent
(DBN)

Fed Chair Jerome Powell Is Blind To These Debt Bubble Warnings
(DBN)

The national growth quilt - GDP growth for each U.S. county
(DBN)

Plan Sponsors See Recession in Three Years, Lower Targets
(DBN)

Recession Watch
(DBN)

Recession Fears Growing In Europe And US As Germany Narrowly Avoids Q3 Contraction
(DBN)

Healthcare and Housing Prices See Biggest 12-Month Hike
(DBN)

Visualized: What Countries Hold the Most Money in Circulation?
(DBN)

The History of Interest Rates Over 670 Years
(DBN)

Many Americans are planning to work through retirement, even if they don't need the money
(DBN)

$69 Trillion of World Debt in One Infographic
(DBN)

Rethinking the Debt Threat: House Panel to Hold Hearing Next Week
(DBN)

FedEx CEO challenges New York Times publisher to public debate on taxes NY Times: How FedEx Cut Its Tax Bill To $0
(DBN)

WSJ: Elizabeth Warren’s Plan Would Bring Tax Rates Over 150% For Some NY Times: Warren Wealth Tax Would Slow Economic Growth By 13% According To Penn Wharton Budget Model
(DBN)

Trump trade war between US, China has lost its meaning  Gary Cohn: Trump knows he’ll lose ‘credibility’ with China if he blinks on tariff deadline Global trade is stalling as Trump's tariff fights drag on, WTO warns Oil slumps as pessimism clouds prospect of trade war settlement In one U.S. community, trade wars aren't “easy to win” Trump’s Made-for-TV Trade War Has Few Entertained Trade war uncertainty continues to persist WTO reform could open new front in trade war Trade War Taking Its Toll At Home: Jobs, Commerce At Risk, Study Shows What is the US getting out of Trump’s trade war with China? Not much U.S.-China trade war resolution still blocked by tariffs Trade tensions to hit goods growth in fourth quarter as tariffs bite - WTO PolitiFact’s guide to understanding tariffs and international trade
(DBN)

Trump's 'Section 232' autos tariff authority runs out of time, experts say
(DBN)

U.S. car safety agency head: NAFTA successor 'big win' for industry
(DBN)

The End of the American International Order: What Comes Next?
(DBN)

Goldman sees the economy surprising in 2020 and these stocks benefiting from the rebound
(DBN)

Bernie Sanders stands apart from Democratic pack on economic issues
(DBN)

Sens. Warren and Sanders rip report defending private equity, saying it uses ‘sham research’
(DBN)

San Francisco And NYC Begin To See The Ugly Side Of ‘Fair Workweek’ Laws
(DBN)

Companies Say U.S. Consulate In India Denies L-1 Visas At Alarming Rate
(DBN)

US, Chinese, UK Data Show Global Economic Slump Persisting Into the Fourth Quarter
(DBN)

'We don't have any choice': Thousands of kids perform backbreaking labor for America's products
(DBN)

Job losses during the Great Recession may be responsible for decline in US birth rates
(DBN)

Southern California wages rise 4.2%, tops in US and biggest raises in 12 years
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

U.S. homebuilder confidence weakens in November
(DBN)

Mortgage Rates and Ten Year Yield
(DBN)

Lawler: Early Read on Existing Home Sales in October
(DBN)

Fannie Mae: Housing to help fuel economic growth in 2020
(DBN)

Housing in these cities may become unaffordable by 2028
(DBN)

NAHB: "Builder Confidence Holds Firm in November"
(DBN)

Investors are more skeptical than ever that WeWork will be able to pay back its debt WeWork's Collapse a Moment of Reckoning Despite free-flowing kombucha, WeWork tenants feel unease
(DBN)

____________

Municipalities:

Puerto Rico municipalities' finances mostly hold steady or improve
(DBN)

For municipal defaults, booms are just as dangerous as busts
(DBN)

Warminster faces bleak financial future
(DBN)

Detroit: ‘Broke: Hardship and Resilience in a City of Broken Promises’ ‘Broke’ Chronicles a City Out of Cash and Awash in Desperation
(DBN)

____________

Oil/Gas:

Approach Resources Files IN BK SD TX - First Day Dec Approach Resources Inc. Commences Voluntary Chapter 11 Case with Support of Lenders and Continues Exploring Strategic Alternatives; Receives $16.5 million Financing Commitment to Bolster Liquidity
(DBN)

The Worst is Over for Oil Markets
(DBN)

U.S. Shale Producers Slash Spending Once Again
(DBN)

Ford rolls out all-electric Mustang SUV, as EV industry poised to boom
(DBN)

McDermott - An Update On Recent Events - Prepare For Bankruptcy
(DBN)

Bankruptcy court approves settlement with wife of indicted San Antonio oilman
(DBN)

Future owner of PES refinery could be decided as soon as January
(DBN)

____________

Tech:

Jack Ma, Jedi, and surfing: These are the 10 juiciest details from Fast Company's deep dive into WeWork
(DBN)

The Most Popular Wikipedia Pages, 2007-2019
(DBN)

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Education:

International college student enrollment falls for third consecutive year
(DBN)

The college your kids attend isn’t as important as the majors they choose
(DBN)

____________

Private Equity:

How private equity is fueled by public pension plans
(DBN)

Majority of voters support curbs on private equity firms: poll
(DBN)

____________

Healthcare:

On the 363 Auction Block: Nuvectra Corporation
(DBN)

Health care jobs will keep the US labor market going — even if there's a recession
(DBN)

Half of older Americans fear that they’ll develop dementia — why most of their prevention methods are all wrong
(DBN)

With rise in patients dying from rationing insulin, U.N. tries a new solution
(DBN)

____________

Taxis:

$650 Million Tax Bill Could Signal New Legal Front for Uber Over Driver Classification
(DBN)

____________

Telecoms:

Apathy Isn't A Business Model: Major US Telcos Teeter Toward Bankruptcy
(DBN)

____________

Religion:

Judge reduces legal fees, costs by 7% in church bankruptcy case
(DBN)

Vancouver Catholic archdiocese set to release details of clergy abuse report
(DBN)

Pittsburgh: Diocese denied access to children's fund for abuse payouts A Judge’s Ruling May Push The Diocese Of Pittsburgh Into Bankruptcy
(DBN)

____________

Firearms:

Firearms industry: Supreme Court’s skip of Sandy Hook gun case presages litigation onslaught
(DBN)

____________

Aviation:

Boeing shareholders are suing the board, alleging 'careless' handling of the 737 Max development and the crisis that followed
(DBN)

Airplanes Aren’t Selling Like They Used To
(DBN)

Boeing's 737 officially lost the title of world's most popular airplane. Airbus' competitor just passed it in sales.
(DBN)

The FAA wants to change the way it certifies planes
(DBN)

Boeing attracts bids for 50 of its embattled 737 Max jets at Dubai Air Show
(DBN)

____________

Consumer Finance:

Trump Administration Declares Open Season on Consumers for Subprime Lenders
(DBN)

____________

Student Debt:

Mayor Pete's twist on college debt
(DBN)÷

____________

Coal:

A massive coal plant that asked for Trump’s help has gone dark
(DBN)

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Television:

Comcast Faces Fights on Multiple Fronts as Cable Pie Shrinks
(DBN)

____________

Agribusiness:

As Bankruptcies Mount, Farmers Urged to Diversify
(DBN)

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Pensions:

PBGC programs diverge as multiemployer deficit grows
(DBN)

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New Bankruptcy Opinions
(3 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (21 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (19 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)

______________

Bankruptcy Statistics:

Weekly Bankruptcy Claims Trading Activity
(DBN)

Farming Industry Faces Rising Bankruptcy Filings
(DBN)

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Miscellaneous:

Reed Smith November 2019 Restructuring and Insolvency News
(DBN)

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Discharge:

Following up on Taggart
(DBN)

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Proofs of Claim:

Presumption of Filed Claim’s Validity and Amount Does Not Apply in Proceeding to Determine Secured Amount of Claim
(DBN)

____________

Avoidance Actions:

First Circuit Decision Validates College Tuition Clawback in Bankruptcy
(DBN)

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Privilege:

This is a “Big Deal”: Court Provides Excellent Roadmap for 502(a) Subject-Matter Waiver Analysis
(DBN)

____________

Advisors:

Alvarez & Marsal Appoints Whittman Co-Head, Midwest Region
(DBN)

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E-Cigarettes:

Angry vapers and vaping companies convinced Trump to kill his flavored vape ban
(DBN)

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Finance:

Interview with Paul Cronin, Head of Asset Based Lending & Restructuring Finance, Santander Bank
(DBN)

Direct Lenders Poised to Fill Financing Gap Amid Economy Slowdown
(DBN)

____________

Cannabis:

Unlike many other Democratic candidates, Biden says he would decriminalize, though not legalize, marijuana Biden clarifies stance on marijuana Joe Biden says marijuana might be a ‘gateway drug’ — here’s what the research says
(DBN)

Cannabis Contract Woes in Washington State
(DBN)

Cannabis stocks are a sea of red as selloff stretches to sixth straight day
(DBN)

____________

Utilities:

PG&E Working to Fill $4.6 Billion Financing Hole in Bankruptcy PG&E working to get more funding to pay fire victims in bankruptcy case
(DBN)

Bankrupt PG&E increases offer to California wildfire victims. Here’s the utility’s new plan
(DBN)

California Lawmakers Grill PG&E Execs Over October Power Outages 'Californians deserve so much better:' North Coast senator sounds off after PG&E hearing PG&E CEO Tells California Lawmakers The Utility Failed During October Power Shut Offs PG&E Boss Says It Wasn’t Fully Ready For California Outages PG&E Power Outage: State lawmakers press utility on reducing Public Safety Power Shutoff events State lawmakers demand answers from PG&E as CEO testifies PG&E boss faces lawmakers as new California blackouts loom
(DBN)

California’s Newsom Draws Tepid Approval on Fires, Blackouts
(DBN)

PG&E Power Outage Could Affect 250,000 California Residents on Wednesday PG&E prepares to cut power to 303K Californians PG&E Warns 800,000 People May Go Dark in This Week’s Blackout
(DBN)

PG&E Nears $1.7 Billion Settlement in California Fire Penalties
(DBN)

PG&E Is Dubious of Fire Victim’s Claim for a 500-Pound Emerald
(DBN)

____________

Newspapers:

McClatchy, Publisher of 29 Newspapers, Teeters Near Bankruptcy
(DBN)

Strapped McClatchy Seeks Pension Bailout
(DBN)

____________

Retailing:

I worked at Toys R Us for 20 years before private equity killed my job. The same thing will happen to more workers if Congress doesn't take action.
(DBN)

J.C. Penney narrows loss but sales continue to fall; cites turnaround ‘progress’
(DBN)

What's going under the tree this year? Lots of bills.
(DBN)

Home Depot cuts 2019 forecast after sales miss, shares crater
(DBN)

____________

Climate:

Last month was second-hottest October on record, NOAA data shows
(DBN)

Painfully slow hurricanes, deadly heat, and cities without water: What the climate crisis will look like in the next 10 years, according to experts
(DBN)

____________

Pharma:

US Trustee Says Sackler Ties Bar E&Y From Purdue Ch. 11
(DBN)

NYC comptroller aims to 'clawback' pay of HIV pharma executives
(DBN)

Oklahoma wanted decades of funding from opioid verdict, but will get only one year's worth
(DBN)

____________

Food/Beverage:

Why Bread & Butter Concepts added bankruptcy to the menu
(DBN)

Could Dean Foods Bankruptcy Open Doors For A Monopoly?
(DBN)

Yogurt sales sour as U.S. breakfast culture changes
(DBN)

____________

Fraud:

The Bernie Madoff Saga May Almost Be Over
(DBN)

Supreme Court denies Martin Shkreli’s appeal to get out of prison
(DBN)

____________

Tax:

Bankrupt Ex-Billionaire Sam Wyly Settles A $1.3 Billion Tax Bill—For Just $500 Million
(DBN)

An Easy Way to Get $1 Trillion More in Tax Revenue?
(DBN)

____________

Celebs:

Towanda Braxton’s Former Landlord Accuses Her of Hiding Assets in Bankruptcy Case, Seeks Nearly $80,000 in Unpaid Rent & Damages 'Braxton Family Values' Star Towanda Braxton Accused Of Fraud In $76,000 Bankruptcy Battle
(DBN)

____________

UK:

Boris Johnson Follows Trump's Lead on Immigration, Promising Crackdown
(DBN)

Over half of UK’s SMEs are unprepared for Brexit despite another missed exit date
(DBN)

General election 2019: PM puts corporation tax cuts on hold to help fund NHS
(DBN)

HMRC made £50m mistake on Rangers, reports say HMRC rubbishes Rangers “mistake” report
(DBN)

'No one needs to be a billionaire', Britain's Labour Party says
(DBN)

____________

Hong Kong:

Police trap 800 students inside Hong Kong university and threaten to shoot over unrest Hong Kong University Siege Photos Show Police Storming Campus
(DBN)

China says Hong Kong courts have no power to rule on face mask ban
(DBN)

____________

MENA:

UAE's new insolvency law is a way out of debt trap UAE debtors hope new insolvency law will ease 'mental trauma' of chronic debt New UAE insolvency law: Everything you need to know
(DBN)

Saudi Minister of Justice approves new bankruptcy case rules
(DBN)

Uprisings in Iran: Nothing Left to Lose
(DBN)

Lebanese banks to reopen as withdrawal limits made official
(DBN)

Pompeo announces U.S. will no longer view Israeli settlements as illegal
(DBN)

Trump just upended 40 years of US policy toward Israel and may have shattered any hope of peace in the Middle East Settlers and Palestinians They Live Among
(DBN)

____________

India:

Homebuyers filed 1,800 cases under insolvency law since June 2018: Govt
(DBN)

Jet Airways insolvency: Will lenders give another extension to Synergy?
(DBN)

Supreme Court nod for pilot’s insolvency proceedings against Air India
(DBN)

____________

Australia:

Oz sees law firms pulse rate falling
(DBN)

'Sledgehammer to crack a walnut': $5000 bankruptcy threshold under review
(DBN)

____________

China:

China's Local Governments Now Guarantee $842 Billion of Credit
(DBN)

China Electronics Firm Struggles as Defaults Vex Private Sector
(DBN)

____________

Singapore:

When distressed companies opt for restructuring, can more be done to protect small investors?
(DBN)

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