November 21, 2019

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Proskauer Names New Bankruptcy Partner - Maja Zerjal
(DBN)

Campaign Donation Figures Confirm That Lawyers Really, Really Don’t Like Trump
(DBN)

How do the states stack up? Lawyers make the most and least money in these areas
(DBN)

Harvard Professor Who Defended Weinstein Loses Tax Fight
(DBN)

Almost Half of Americans Went to Civil Court Last Year — and Not for Traffic Tickets
(DBN)

Prince Andrew's reputation is crumbling after a catastrophic BBC interview about Jeffrey Epstein. Here are all the businesses cutting ties Prince Andrew Considers Nuclear Option: Another TV Interview Prince Andrew to step back from public duties 'for foreseeable future'
(DBN)

A British socialite who stayed at Jeffrey Epstein's apartment says she felt like she 'was being watched' by 'hidden cameras' during her visit Epstein's A-list guests 'secretly filmed in every bedroom and bathroom'
(DBN)

Why Hasn't Giuliani Been Disbarred?
(DBN)

#MeToo Changed Norms, Not the Law
(DBN)

How a New Associate Shattered the Peace of a Growing Solo Practice
(DBN)

Saying 'OK boomer' at work could count as age discrimination under the law. But don't worry, millennial jokes will also soon become a workplace no-no.
(DBN)

Group building border wall with funds ordered to stop Texans to Fight Land Seizures for Border Wall
(DBN)

AZ: Activist Who Gave Migrants Aid Acquitted
(DBN)

Judges grapple with red flag laws authorizing removal of guns from people who are dangerous
(DBN)

White officer fired after video shows him stopping 2 black shoppers for 'acting suspicious'
(DBN)

Judge Pledges Fast Ruling on Trump’s Wall as New Construction Looms
(DBN)

Nearly All Mass Shooters Since 1966 Have Had 4 Things in Common
(DBN)

Pennsylvania Senate Passes Down Syndrome Abortion Ban Bill
(DBN)

'Empire' actor Jussie Smollett sues Chicago for 'malicious prosecution' in hate crime case
(DBN)

Teen arrested on suspicion of using remote-controlled car to smuggle drugs
(DBN)

Michigan priest at a teen's funeral said his suicide was 'against God.' The mother is suing.
(DBN)

Far-Right Terrorism Has Increased 320 Percent in Just 4 Years, Extremism Watchdog Warns
(DBN)

Lawyer Laundered $400 Million in Crypto Scam, U.S. Says
(DBN)

Woman Has Big Ol’ Smile After Allegedly Stabbing Husband to Death
(DBN)

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Judges:

No Excuses For Bad Judicial Behavior
(DBN)

Majority of U.S. Appeals Courts Now Have GOP-Appointed Edge
(DBN)

There’s No Scandal in the Supreme Court Being Sociable
(DBN)

With Lagoa Confirmed to 11th Circuit, Trump Flips a Third Appeals Court to GOP Majority
(DBN)

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Wall Street:

US futures point to slightly lower open U.S. stock futures softer amid volley of trade headlines
(DBN)

Stocks slip on Wall Street over new trade war concerns Stocks close lower on report trade deal may not be completed this year
(DBN)

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Layoffs:

As McKesson moves its HQ to Dallas, 329 employees to lose jobs
(DBN)

A new study uses artificial intelligence to find that jobs done by highly skilled workers are the most likely to be affected by AI What jobs are affected by AI? Better-paid, better-educated workers face the most exposure
(DBN)

Andrew Yang’s Math on the Robot Takeover Doesn’t Check Out
(DBN)

Court rules defunct mental health provider must pay employee health, annuity plans
(DBN)

Deutsche Bank To Replace 18,000 Workers With Robots
(DBN)

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Politics:

5 takeaways from the fifth Democratic debate Warren dominates Democrats' fifth 2020 debate: Issue-by-issue recap Joe Biden Stumbles Again in Debate Fact-checking the fifth Democratic presidential debate Here are the top moments from the fifth Democratic debate Trump campaign attacks Buttigieg during Democratic debate Winners and losers from the November Democratic debate A Feel-Good Night for Debating Democrats Biden Seeks High Road as Impeachment Dominates Democratic Debate Democrats spar at debate over health care, how to beat Trump Joe Biden says he would let Justice Department decide whether to prosecute Trump
(DBN)

AP-NORC/USAFacts Poll: Facts missing from American democracy
(DBN)

Wall Street sends mixed signals about a possible Warren presidency
(DBN)

The Danger of Elizabeth Warren
(DBN)

Warren tries to escape shadow of Medicare for All as crucial debate looms
(DBN)

What Warren Forgets About ‘Shameless’ Profiting in Housing
(DBN)

Billionaire dodges when asked if "tribalism" tweet referred to Elizabeth Warren's heritage
(DBN)

Buttigieg in Rivals’ Sights at Debate After Taking Lead in Iowa Is America ready for a gay president? Buttigieg surge poses question Are Your Neighbors Ready for Mayor Pete? Markets May Welcome Capitalism-Friendly Buttigieg Presidency, Cowen Says
(DBN)

U.S. Census Bureau Releases CPS Estimates of Same-Sex Households
(DBN)

Democrats Thinking Strategically About 2020 Nominee Choice
(DBN)

Gordon Sondland throws Trump, Pompeo, and Bolton under the bus: 'We followed the president's orders' Sondland embraces his role in impeachment history with nonchalance Trump before Sondland’s testimony: “He’s a great American.” Trump after: “This is not a man I know well.” Republicans are grasping at straws after EU ambassador Gordon Sondland blew up one of their last defenses of Trump
Impeachment Testimony Bombshell ‘Systematically Eliminated the Republican Defenses of Trump’ Sondland says Ukraine quid pro quo "reflected Trump's desires and requirements" 'We Did Not Want to Work With Mr. Giuliani': Gordon Sondland Knocks Trump’s Personal Lawyer Sondland Says Giuliani’s ‘Quid Pro Quo’ Was Ordered by Trump Trump's shifting story on his relationship with Gordon Sondland 'Everyone was in the loop. It was was no secret' Sondland says he told Pence that Ukraine military aid appeared conditioned on political investigations Envoy Undercuts GOP’s Defense of Trump as Hands-Off Over Ukraine America needs to hear — under oath — from Pompeo, Perry, Pence, and Bolton 5 Key Things We Learned From Gordon Sondland Testimony ensnares Pompeo in Ukraine scandal as he mulls political future Legal Analysts: Gordon Sondland Testimony Described 'Obstruction of Justice by Pompeo' The GOP warned Ambassador Sondland he'd be 'smeared' by Democrats in the impeachment hearing. Then they turned around and smeared him themselves. Sondland reportedly kept Pompeo in the loop about the Ukraine pressure campaign Sondland’s testimony shows Mike Pompeo was far more central on Ukraine than we knew 'Pence Knew' Sondland refuses to say whether he believed Trump denial of Ukraine aid quid pro quo Takeaways from Gordon Sondland's opening statement Sondland says he likely told Trump that Zelensky "loves your ass" Sondland testimony targets Trump, Pompeo and confirms deal with Ukraine Witnesses called by GOP to defend Trump offer more bad facts for the president The impeachment hearing room burst into applause when a Democratic congresswoman shot back at her Republican colleague that Trump 'has 5 Pinocchios on a daily basis'
Ken Starr: GOP Senators Might Consider Having to ‘Make a Trip’ to the White House After Sondland’s Testimony Watergate Congresswoman Says It's 'Too Soon' for Republicans to Abandon Trump Over Impeachment, Deserting Nixon Took 'Many Months' What Lindsey Graham said about a quid pro quo in October Fox News anchor Bret Baier says the latest impeachment witness testimony is 'very damaging' to the GOP Gordon Sondland’s opening testimony is the ballgame Trump didn’t want an investigation into Biden. He wanted a political show Democratic congressman wins applause for getting Gordon Sondland to say an investigation into the Bidens would benefit Trump Republicans defend Trump as concerned with Ukrainian corruption, but aides tell a different story Defense Official Says Ukraine Was Aware of Aid Hold in July Gordon Sondland's most dazzling accessory: Resting happy face Trump quoting his own denials of quid pro quo
(DBN)

Trump Approval Holds Steady in Face of Impeachment Probe
(DBN)

Read Trump’s very large, very strange Sharpie notes on impeachment
(DBN)

No, Devin Nunes, Trump in 2019 is not like George Washington in 1794
(DBN)

Giuliani Associate’s Creditor Seeks Cash From Pro-Trump PAC
(DBN)

Giuliani Rips GOP Impeachment Lawyer Castor Over His Questions
(DBN)

"Rudy was the guy," Sondland testifies
(DBN)

Vindman lawyer calls on Fox News to retract segment alleging "espionage"
(DBN)

Fact check: Schiff's claim that the whistleblower has a 'statutory right' to anonymity FBI seeks interview with CIA whistleblower Here's Why the FBI Might Want to Interview the Ukraine Whistleblower Reddit warns Trump supporters against 'systematic harassment' of potential whistleblower
(DBN)

Trump's Syria retreat is giving ISIS 'time and space' to strike the West, blistering Pentagon report says
(DBN)

State Department denies report that Pompeo has been privately telling Republicans he's planning to resign
(DBN)

Once Mulvaney's chief of staff, payday lobbyist enjoys frequent access to his old boss
(DBN)

Daily presidential tracking poll
(DBN)

Trump Aides 'Root Out Suspected Traitors' in White House by Dropping Fake Information in Meetings, Book Claims
(DBN)

State Department asked to probe top diplomats' use of personal cellphones
(DBN)

In rare move, N. Carolina county removes Confederate statue
(DBN)

Stephen Miller's Beliefs are Appalling
(DBN)

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Advertising:

Adtech company IgnitionOne further cuts head count as 2 more clients report unpaid bills
(DBN)

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Economy:

Fed officials see little need for further rate cuts, minutes say FOMC Minutes: "Most participants judged that the stance of policy, after a 25 basis point reduction at this meeting, would be well calibrated"
(DBN)

The Fed’s Torn Over Options to Control Its Benchmark Policy Rate
(DBN)

The deficit hasn't smothered growth. So why can't we keep partying on credit?
(DBN)

UBS CEO Ermotti Warns Pain From Negative Rates May Spread
(DBN)

Total U.S. Household Debt Balance by Age
(DBN)

Dalio: We Are Headed Towards a New World Order
(DBN)

Markets more fearful about trade war, but still see chance for phase one deal and tariff rollback China’s Top Negotiator ‘Cautiously Optimistic’ About Reaching Trade Deal Trump says China isn't 'stepping up,' and trade talks show signs of languishing China invited US negotiators to Beijing for another round of trade talks, report says The US and China may not sign 'phase-one' trade deal until 2020 Reuters Poll: Trade War Escalation Pushes US Closer to Recession Trump’s 2020 Campaign Collides With Trade War at Apple Plant Trump Says ‘Looking’ at Exemption for Apple on China Tariffs No President Trump, It's Not a New Factory Trade War Threatens Tech Sectors in China and Silicon Valley Trade Tariffs Take Center Stage as Trump and Tim Cook Meet at an Apple Factory Morgan Stanley: ‘Phase one’ US-China trade deal might be ‘as good as it gets’ Kissinger Says U.S. and China in ‘Foothills of a Cold War’
(DBN)

The Doomsday for World Trade is Here
(DBN)

Trump’s Tax Cuts Were Working Until He Started His Trade War
(DBN)

Societe Generale Sticks With Forecast for U.S. Recession in 2020
(DBN)

Making America Mediocre
(DBN)

The Fed is looking at a ‘standing repo’ operation to handle overnight funding issues
(DBN)

Dow Crashes as Moody’s Reveals 16 Fatal Recession Triggers
(DBN)

NAFTA rewrite runs into trouble as Mexican reform comes up short
(DBN)

ADP Employment Report - October 2019
(DBN)

Apple details plans to build a $1 billion campus in Austin ahead of Trump's visit to its Texas factory
(DBN)

World’s Rich Are Rattled and Seeking Old-Fashioned Security
(DBN)

Bay Area dominates list of richest zip codes
(DBN)

House sends Senate stopgap bill to avert government shutdown
(DBN)

The economic debate over the minimum wage, explained
(DBN)

Wall Street Has Seen The Future, And It's Here
(DBN)

Soak-the-Rich Taxes Are Unethical and Unwise
(DBN)

U.S. taxpayers have spent $6.4 trillion on post-9/11 conflicts
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Mortgages in Foreclosure: Strategies Can Get Complicated, Particularly When Bankruptcy Is on the Horizon
(DBN)

U.S. housing market experiences largest inventory decline since 2018
(DBN)

CAR on California October Housing: Sales up 1.9% YoY, Inventory down 18%
(DBN)

Student-loan debt and skyrocketing housing prices have become so bad that more millennials are planning to rent forever
(DBN)

MBA: Mortgage Applications Decreased in Latest Weekly Survey
(DBN)

'Thank you, WeWork' — 2 of the coworking startup's biggest rivals are cashing in after its public meltdown
(DBN)

AIA: "Architecture Billings Index Rebounds After Two Down Months"
(DBN)

Woodbridge Ch. 11 Trustee OK'd For Shapiro Prison Interview
(DBN)

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Municipalities:

Puerto Rico governor seeks to cancel $300M Whitefish contract
(DBN)

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Oil/Gas:

EP Energy anticipates emerging from bankruptcy in several months
(DBN)

As Oil Prices Drop And Money Dries Up, Is The U.S. Shale Boom Going Bust?
(DBN)

California Governor Cracks Down On Fracking, Requires Audits And Scientific Review
(DBN)

Billionaire Fredriksen Steps Down as Chairman of Seadrill Seadrill in talks with banks to restructure debt -CEO
(DBN)

Is There Really Any Hope for Chesapeake Energy Stock Now?
(DBN)

Approach Resources Files Chapter 11; JPMorgan Chase Agents DIP Financing
(DBN)

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Private Equity:

Alexandria Ocasio-Cortez laid out a devastating one-minute case against private equity, blaming it for massive job losses
(DBN)

House hearing on private equity lands with a whimper
(DBN)

____________

Agribusiness:

Farm bankruptcies increase nationwide, report says
(DBN)

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Climate:

2020 candidates back bill to test whether big banks can withstand climate risk
(DBN)

Years after freezing new projects, China is back to building coal power plants
(DBN)

New studies paint sobering climate picture
(DBN)

Aramco Faces Serious Risks From Climate Change, Report Says
(DBN)

____________

E-Cigarettes:

AMA calls for total ban on all e-cigarette, vaping products
(DBN)

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Aviation:

NTSB calls for redesign of key component of Boeing 737 NG after deadly Southwest incident
(DBN)

How Boeing Lost Its Bearings
(DBN)

____________

Fraud:

Judge Calls Cheating USC Parent ‘Thief,’ But Research Shows Quality Students Matter, Quality Schools Don’t
(DBN)

U.S. Colleges Step Up Admissions Spot Checks After Scandal
(DBN)

The Next Decade Will Be Just as Bad
(DBN)

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Healthcare:

Physicians balk at $225K/year price of Pfizer's heart drug that they helped to develop
(DBN)

It's time for Congress to protect patients from surprise medical bills
(DBN)

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Utilities:

California’s Governor Wants State-Appointed PG&E Board Members
(DBN)

PG&E cuts power to 50,000 California homes and businesses during wildfire risk
(DBN)

Here’s how the fight to control the utility involved in California wildfires could play out
(DBN)

PG&E faces potential showdown over its bankruptcy plan
(DBN)

____________

Mass Torts:

J&J Found Negligent by Australian Court in Vaginal-Mesh Lawsuit Johnson & Johnson loses vaginal mesh class action
(DBN)

____________

Education:

Court: More Globe University, Minnesota School of Business students can apply for refunds Minnesota School of Business Files Ch.11 In BK MN - Petition
(DBN)

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Coal:

After the Murray Energy Bankruptcy, What’s the Future of Coal?
(DBN)

Black Lung Trust Fund Likely Burdened by Murray Bankruptcy
(DBN)

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

Appalachia’s Strip-Mined Mountains Face a Growing Climate Risk: Flooding
(DBN)

Bill addresses pensions, health care for miners, retirees
(DBN)

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Religion:

US Catholic Church boards reviewing sex abuse fail victims
(DBN)

How the Catholic Church hid assets from victims.
(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 (31 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:

Chapter 11s filed by companies with more than $100 million in liabilities are at a 4-year high, up 30% from 2018
(DBN)

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Attorney Fees:

US Bankruptcy Fee Flip: Legal Expenses for Unsecured Creditors; Considerations for Lenders and Administrative Agents.
(DBN)

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Retailing:

Lowe's workers say the home-improvement giant's new scheduling policies are leaving some employees feeling like they're 'walking on eggshells'
(DBN)

Macy’s shares fall on sales miss, retailer slashes outlook
(DBN)

Carl Icahn Old Enough To Remember When Malls Weren’t A Thing, Is Ready For That Time Again
(DBN)

7 major store closure announcements from 2019 and why they matter
(DBN)

3 retail turnaround success stories, and 3 turnarounds to watch
(DBN)

L Brands CEO Les Wexner’s future may be at stake as Epstein ties, falling stock haunt company
(DBN)

Tiffany taps former Barneys CEO as top marketer
(DBN)

New Chapter 11 Filing - Anna Holdings Inc. (a/k/a Acosta Inc.)
(DBN)

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Tax:

Former U.S. Treasury chief Lawrence Summers to IRS: Audit the rich
(DBN)

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Banking:

Regulators approve biggest bank marriage since the 2008 financial crisis
(DBN)

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Autos:

GM sues Fiat Chrysler alleging bribery scheme in union negotiations GM's bombshell lawsuit against FCA alleges years of corruption and includes claims about a failed 2015 merger General Motors Declares Corporate War on Chrysler

(DBN)

UAW president resigns amid corruption probe
(DBN)

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Personal Finance:

How Does Your Personality Type Affect Your Income?
(DBN)

Men's stress jumps if their wives earn more than 40% of household income
(DBN)

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Student Debt:

Fifth Circuit Rules For-Profit Student Loans Are Dischargeable Without Proof of "Undue Borrower Hardship"
(DBN)

It's almost impossible to get rid of student loan debt when filing for bankruptcy, but help may be on the way
(DBN)

Sen. Patty Murray urges DeVos to halt changes to a popular student loan repayment plan
(DBN)

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Taxis:

Ride-Hailing Startup Juno Battered by Regulation, Lawsuits
(DBN)

Why Did It File In BK DE?

Lawsuits, Wage Laws Drive Juno Ride-hailing Firm To Bankruptcy
(DBN)

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Cannabis:

U.S. Lawmakers To Vote On MORE Act To End Federal Cannabis Prohibition House committee approves landmark bill legalizing marijuana at the federal level
(DBN)

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Taxi:

Uber plans to start audio-recording rides in the U.S. for safety
(DBN)

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Skiing:

Bankrupt West Virginia ski resort sold at auction
(DBN)

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Food/Beverage:

Bumble Bee Is in Talks With FCF Fishery for Bankruptcy Sale Bumble Bee is in talks to file for bankruptcy and sell itself Taiwan’s FCF is Bumble Bee ‘stalking horse’ with bankruptcy filing imminent
(DBN)

Suit alleges former directors of Central Grocers drove the grocery co-op into the ground Trustee seeks $80 million in damages in grocery bankruptcy case
(DBN)

Farm Bureau not concerned for local dairies in Dean Foods bankruptcy
(DBN)

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Newspapers:

A Hedge Fund Comes for Another Newsroom
(DBN)

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UK:

British PM and Labour leader spar over Brexit in first election debate
(DBN)

Boris Johnson Is Getting a Free Pass on Brexit
(DBN)

Corbyn Unveils Manifesto to Rile U.K.’s Bankers and Billionaires
(DBN)

Jeremy Corbyn's plans for a windfall tax on oil slammed by industry chiefs
(DBN)

Boris Johnson Blurts Out Election Tax Cut in Chaotic Pledge
(DBN)

Royal Mail Says U.K. Arm Could Swing to Loss on Letter Decline
(DBN)

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EU:

BlackRock Searches for Hidden Gems in Europe’s Unloved Junk Bonds
(DBN)

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PIIGS:

The Rescue of Italy’s Bankrupt Airline Faces Yet Another Delay Alitalia Faces Potential Nationalization as Bidders Pull Back
(DBN)

Italy’s Playing a Dangerous Game
(DBN)

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Canada:

Toronto area resident charged with criminal offences related to bankruptcy Français
(DBN)

The province where businesses are failing the most
(DBN)

____________

Mexico:

Inside the bloody cartel war for Mexico’s multibillion-dollar avocado industry
(DBN)

IMF Says Mexico Credit Line May Be Cut From Current $74 Billion
(DBN)

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Hong Kong:

“Outmoded” Parallel Schemes Of Arrangement And A Red Flag On Restructuring Costs In Hong Kong.
(DBN)

McConnell Says Trump Must ‘Uphold Obligations’ to Back Hong Kong
(DBN)

Congress passes Hong Kong rights bill as Trump tries to strike China trade deal
(DBN)

Hong Kong moves to center stage of U.S.-China showdown
(DBN)

____________

India:

Haircuts for Indian Finance — Bald or Bold?
(DBN)

Stalled residential projects worth $66 billion face bankruptcy proceedings
(DBN)

India cenbank to begin bankruptcy proceedings against shadow lender DHFL India’s central bank takes over troubled lender
(DBN)

The Road To Resolution Of Financial Service Providers: A Firm First Step.
(DBN)

____________

Germany:

Thyssenkrupp reports wider loss and sets new guidance
(DBN)

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France:

Why French Jews are Fleeing the Country
(DBN)

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