November 22, 2019

The Daily Bankruptcy News

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Law:

Biglaw Bonus News! Another Firm Announces Before Thanksgiving
(DBN)

Longtime Law School Professor Sues University For Equal Pay
(DBN)

Litigation Pro Robert Elgidely Joins Fox Rothschild Bankruptcy Group in Miami
(DBN)

The Best Law Schools For Women (2020)
(DBN)

Students Here Really Think Their Law School Is Giving Them A Leg Up On Their Careers
(DBN)

Hottest Law Firms On Social Media
(DBN)

Firm fires local Managing Partner for drunk groping spree
(DBN)

Associates dismayed by treatment of partner who 'smacked bums' and 'rubbed PAs'
(DBN)

MCLE Audit Emails Spark Panic Among Some California Lawyers
(DBN)

Rudy Giuliani Strains To Explain Soros Conspiracy To Glenn Beck Over Din Of Barking Dogs
(DBN)

Prosecutors Investigating the Trump Organization Zero In on Trump CFO Allen Weisselberg Top Trump Organization Executive's Actions in Sights of Manhattan District Attorney
(DBN)

Several Trump Fundraisers Subpoenaed by Federal Prosecutors as Part of Giuliani Probe
(DBN)

Report on FBI's Russia probe expected soon
(DBN)

A former FBI staffer is reportedly being investigated over an altered document in the Russia probe
(DBN)

High Profile Now We Know When DOJ Inspector General’s FISA Report Will Be Released
(DBN)

Boies Schiller Partner Asks Fox News For Vindman Retraction
(DBN)

Trump may withhold tax returns and appear on ballot, California Supreme Court rules
(DBN)

House Urges Supreme Court to Lift Shield on Trump Financial Records
(DBN)

Prince Andrew 'Not Credible' in Jeffrey Epstein Interview, Must Cooperate with FBI, Says Victim's Lawyer Several new Epstein accusers expected to sue his estate Jeffrey Epstein estate: Talks underway to settle victim claims Jeffrey Epstein Victims Assail Settlement Process as ‘Disrespectful’
(DBN)

Why family separation is so central to Trump's immigration vision Former border agent sentenced for striking migrant with car U.S. sends first Honduran asylum seeker sent to Guatemala Refugee resettlement agencies sue Trump admin over executive order
(DBN)

Santa Clarita shooting: Weapon used in Saugus High attack a ‘ghost gun’
(DBN)

Prosecutor accidentally shot to death in court by gun that was a piece of evidence, authorities say Loaded Shotgun Submitted Into Evidence Kills Lawyer
(DBN)

Utah woman fights charge after kids see her topless at home
(DBN)

For giving $11 to incarcerated boyfriend, lawyer gets stayed suspension
(DBN)

Lawyer who suggested then abandoned ‘Breaking Bad’ money laundering plot is indefinitely suspended
(DBN)

Child porn suspect can’t be forced to disclose computer password, state supreme court rules
(DBN)

Lawyer filed bogus ADA lawsuits without telling his own disabled clients: prosecutors
(DBN)

'Insurgents' lobbied Trump for war crimes pardons with little Pentagon involvement, officials say Trump: Navy will not strip sailor acquitted of murder of SEAL status
(DBN)

Woman gets 6 years for fatally stabbing her twin
(DBN)

Christian lawyer 'ejected for screaming fit'
(DBN)

Former U.S. assistant attorney pleads guilty to stealing thousands from feds by falsifying time cards
(DBN)

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Judges:

BK WD NC: Judge George R. Hodges is recalled into service
(DBN)

Judge who shared ‘foreign mud’ article on Facebook is reprimanded for partisan posts
(DBN)

Controversial Ninth Circuit Picks Clear Senate Judiciary Panel
(DBN)

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Wall Street:

 

Dow, S&P 500 close lower for third consecutive day amid anxiety over trade
(DBN)

Impeachment Is Just Noise to Wall Street Inured to Trump Drama
(DBN)

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Layoffs:

WeWork to lay off 2,400 employees
(DBN)

AI is coming for white-collar tech jobs. Here's what that will mean for your pricey STEM degree.
(DBN)

Catholic Health announces 200 layoffs
(DBN)

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Politics:

Former New York mayor Mike Bloomberg files papers to join Democratic race for president
(DBN)

Obama: We’re "chasing after the wrong things"
(DBN)

The life of Hunter Biden: How Joe Biden's middle child landed in Trump's impeachment inquiry and a paternity scandal of his own A mother who claims Hunter Biden fathered her child went public with a DNA test because he stopped paying child support, lawyers say
(DBN)

Pete Buttigieg, polling high in Iowa, targets farmers with climate message ‘They Don’t Believe Buttigieg Will Be the Nominee’ Markets would like a 'pragmatic' Buttigieg presidency, according to Cowen Jeffrey Gundlach Lauds Buttigieg as Candidate Catches Wall Street’s Eye
(DBN)

Everybody Knows Biden Is Toast. Except Voters.
(DBN)

Fiona Hill and David Holmes testify in impeachment hearing Hill: Giuliani pushed views on Ukraine "that would probably come back to haunt us" When impeachment witness Fiona Hill was a child, a boy set her hair on fire during a test. She put it out with her bare hands and finished the test. David Holmes: "Ukraine still needs us" "Could I actually say something?": Fiona Hill fires back at House Republicans David Holmes made clear how pressure was applied to Ukraine - and how that pressure continues David Holmes recounts Trump phone call with Sondland in Ukraine Trump claims phone conversations can't be overheard as Holmes testifies Hill testifies in impeachment hearing that she told Sondland that Ukraine efforts would 'blow up' Fiona Hill defends Alexander Vindman against allegations of poor judgment Former Bolton aide Fiona Hill chastises those trafficking in ‘fictional narrative’ that Ukraine rather than Russia attacked 2016 election The GOP wanted Sondland to be Trump's Ukraine 'fall guy' - then it blew up in their faces The GOP says Trump was fighting corruption. He hasn't done that anywhere GOP Rep. Will Hurd signals that he will vote "no" on Trump's impeachment Pence Disputes Sondland's Testimony, Says He Does Not Remember 'Any Discussion' With Ambassador Before His Call With Zelenskiy How Sondland Killed the Hearsay Defense Even with impeachment hearings in full swing, Rudy Giuliani is still seeking Biden dirt from Ukraine Democrats Moving Toward Impeachment Must Decide Their Next Steps Mulvaney denies Fiona Hill testimony tying him to Ukraine scheme White House agrees to full Senate trial if House impeaches Trump
(DBN)

Trump to dine with Romney and Collins
(DBN)

Warren blasts Trump pick Sondland and pledges not to sell ambassador posts
(DBN)

Mike Pompeo Not Going to Jail 'Would Be an Extraordinary Accomplishment,' Former White House Ethics Lawyer Says
(DBN)

Michael Bloomberg to spend $20 million registering voters in battleground states
(DBN)

Secret Service spent quarter of a million dollars at President Trump's properties in first five months of his term, records show
(DBN)

President Trump reverses safety rules adopted after deadly chemical explosion
(DBN)

The Trump administration reportedly paid a PR firm more than $2 million to get a top healthcare official on 'Power Women' lists and magazine covers
(DBN)

The Republican National Committee spent almost $100,000 to buy up copies of Donald Trump Jr.'s book
(DBN)

Bankruptcy and conflict: One of California’s tightest races is packed with financial baggage
(DBN)

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Utilities:

PG&E's bankruptcy blackout
(DBN)

FERC Has A Role In PG&E Bankruptcy, 9th Circ. Told
(DBN)

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Economy:

U.S. leading indicators fall for third straight month, adding more evidence of slowing economy U.S. labor market, manufacturing data point to slowing economy
(DBN)

Ray Dalio says the global economy is heading for a 'great sag'
(DBN)

Janet Yellen says 'there is good reason to worry' about the US economy sliding into recession
(DBN)

U.S. Economic Confidence, Satisfaction Improve in November Perception of U.S. Economy Improves Despite Recession Fears, Gallup Poll Says U.S. Consumer Comfort Climbs Even as Republican Sentiment Slumps
(DBN)

The World May Have A Bigger Problem Than A Potential Recession
(DBN)

Famed economist David Rosenberg lays out the evidence that recession risks are alive and well — and warns a 'state of denial' has gripped the market
(DBN)

Philly Fed Manufacturing shows "Overall Growth in November"
(DBN)

Weekly Initial Unemployment Claims at 227,000 Filings for U.S. Jobless Benefits Hold at Highest Since June
(DBN)

Personal loans are 'growing like a weed,' a potential warning sign for the U.S. economy
(DBN)

The worst of the global economic slowdown may be in the past, Goldman says
(DBN)

Apple’s political game with Trump worked like a charm
(DBN)

The 20 fastest-disappearing jobs in America
(DBN)

Roubini explains why the stock market’s new exuberance may be irrational
(DBN)

Senate passes short-term spending bill, sending legislation to Trump hours ahead of shutdown deadline Trump signs short-term spending bill to stave off government shutdown Trump signs temporary spending bill, punting government-shutdown risks to just before Christmas
(DBN)

Trump Signing Hong Kong Bill Could Kill China Trade Deal, Analysts Warn: 'Tensions are Rising Between the Two Nations' Tariffs continue to be a major economic barrier in Midwestern industries The garlic farmers who love Trump's tariffs Pete Buttigieg Slams Trump on Trade War, Struggling Farmers
(DBN)

Trump set a deadline to impose car tariffs. Then nothing happened.
(DBN)

Trump weighs new trade investigation to justify tariffs on EU
(DBN)

Helicopter Money Isn’t the Solution to Sluggish Growth, BIS Says
(DBN)

How the Deficit Looms Over the Democratic Presidential Race
(DBN)

Economists Join Congress in Not Worrying About the Deficit
(DBN)

Democrat's New Taxes Wouldn't Hit Just Billionaires
(DBN)

In Texas, Trump takes credit for opening Mac factory . . . in operation since 2013
(DBN)

Charity Is Almost Universal Among High-Income U.S. Investors
(DBN)

Tax the Wealthy and Their Charities Will Suffer
(DBN)

Countries Ranked by Their Economic Complexity
(DBN)

14 things millennials do completely differently from their parents
(DBN)

Minimum Wage Increase Bill Passes In PA Senate
(DBN)

Ocasio-Cortez Skeptical Warren and Sanders Wealth Tax Could Pass
(DBN)

Belief in American exceptionalism on the decline: poll
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

NAR: Existing-Home Sales Increased to 5.46 million in October Comments on October Existing Home Sales
(DBN)

Mortgage rates fall to lowest level in six weeks
(DBN)

In 2020, home sales to rise but refinancing to dip, mortgage bankers say
(DBN)

How many millennials can afford to buy a home in 16 of the biggest US metro areas
(DBN)

Inside the Fall of WeWork WeWork Cuts Back Honor-System Snack Program Because No One Was Honest
(DBN)

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Municipalities:

Puerto Rico retirement system bondholders ask court to name them trustees
(DBN)

U.S. States Boost Spending At Fastest Pace Since Recession
(DBN)

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Oil/Gas:

Philly Council sends a message: ‘Sustainable’ bidders welcome for bankrupt oil refinery
(DBN)

Chicken Little Takes Center Stage At Chesapeake Energy
(DBN)

GM CEO Mary Barra Charges Ahead With Electric Cars but Shuns Hybrids
(DBN)

Seadrill in talks with banks to restructure debt -CEO
(DBN)

Putin Calls U.S. Shale “Barbaric”
(DBN)

Has U.S. Shale Seen Its Profits Peak?
(DBN)

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Pensions:

The world's best pension system is being pushed to the brink
(DBN)

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Banking:

Billionaire Fracking Brothers Hammered by Permian Holdings
(DBN)

Lawmaker seeks details about problems with Wells Fargo checking accounts
(DBN)

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Dairy:

America's milk industry is struggling. Don't blame oat milk
(DBN)

How Dean Foods' bankruptcy is a 'warning sign' to the milk industry
(DBN)

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Religion:

Church sex-abuse boards often undermine victims, help clergy
(DBN)

Pennsylvanians to get more time on sex abuse charges, suits
(DBN)

Mexico: In 10 years, 550 sexual abuse complaints against Catholic Church
(DBN)

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Aviation:

Boeing Lawyer Says More Than 60 Lion Air Crash Cases Settled
(DBN)

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Hotels:

US Hotel Revenue Growth Projections Lowest Since Great Recession
(DBN)

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Education:

Globe University Files For Chapter 11 Bankruptcy Now-defunct Globe University files for Chapter 11 Globe University, Minnesota School of Business file for bankruptcy as students seek refunds
(DBN)

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Pharma:

Bankrupt Insys reaches deal to divvy cash among opioid victims
(DBN)

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Newspapers:

Defunct newspaper titles revived as fake local news sites, report claims
(DBN)

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Radio:

Radio Cantico Nuevo Files For Chapter 11
(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 (21 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:

Nearly one-quarter of 2019's healthcare chapter 11s have been filed by businesses based in Texas. Excluding pharma/biotech companies, this number jumps to nearly one-third
(DBN)

Bankruptcy filings by Pittsburgh businesses surge 35% in 3Q
(DBN)

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SCOTUS:

Office of Solicitor General: A Biased and Conflicted Protector of Bankruptcy Laws (Ritzen v. Jackson Oral Arguments)
(DBN)

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Avoidance Actions:

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

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Cross-Border:

Court Decision Discusses the Barton Doctrine and the Automatic Stay in Chapter 15
(DBN)

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Retailing:

Black Friday is dying, and the rise of Cyber Monday may be to blame
(DBN)

Macy’s online sales growth slowed. But that also means it’s more profitable Will Macy's close more stores? Macy’s issues third profit warning this year Sluggish Sales Sink Macy’s Earnings Macy’s Stumbles Badly Despite Slew of Attempted Remedies It May Already Be Too Late for Macy’s
(DBN)

New report finds holiday spending down due to recession fear, tariff concerns
(DBN)

Ascena downgraded by S&P
(DBN)

Target and TJMaxx are killing department stores
(DBN)

Nordstrom soars after strong results, bucking retail concerns
(DBN)

Avenue Stores' owner tries to turn table on creditors in Ch. 7 row
(DBN)

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Climate:

Massive bush fires, horrendous heat and worsening drought plague Australia as summer nears
(DBN)

A Wet Year Causes Farm Woes Far Beyond the Floodplains
(DBN)

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Hedge Funds:

Hedge Funds Hit by Investor Redemptions for 8th Straight Month
(DBN)

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Autos:

Embattled UAW president resigns amid internal charges of misusing union funds United Auto Workers union to name new president as U.S. corruption probe widens
(DBN)

General Motors Declares Corporate War on Chrysler Fiat Chairman Rejects GM’s Bribery Allegations Against Ex-CEO
(DBN)

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Food/Beverage:

Bumble Bee Files Bankruptcy Amid Antitrust Fines, Lawsuits San Diego's Bumble Bee Tuna files for bankruptcy Bumble Bee files bankruptcy; document confirms pending sale to FCF
(DBN)

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Agribusiness:

Trump Pledged to Help Small Farms, But Aid Is Going to Big Ones
(DBN)

Farm bankruptcies increase nationwide, report says
(DBN)

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Travel:

Stop charging your phone like this at the airport, it's not safe
(DBN)

The 8 US airlines people like and hate the most
(DBN)

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Labor:

$93.6 Million Verdict Threatens to Bankrupt One of America’s Most Powerful Unions
(DBN)

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UK:

Irwin Mitchell and BLM burnt by Thomas Cook collapse
(DBN)

Adam Deering: The influencer who’s made millions through debt insolvency
(DBN)

British Media Company Reach Pulls Out of Talks to Buy JPI Titles-FT
(DBN)

Record employment rate masks concerns about precarious jobs and low wages
(DBN)

Government borrowing in October highest since 2014
(DBN)

Forget Brexit. The U.K. Election Is About the Fate of the NHS
(DBN)

Corbyn vows to give Britain a pay rise through taxing the rich 'Radical and ambitious': UK's Labour unveils socialist plan for Britain Traders Fear Labour’s $11 Billion Tax Will Crush London Markets Jeremy Corbyn Is Coming for Your Old Profits
(DBN)

PizzaExpress Owner Close to Controlling Company’s Unsecured Debt
(DBN)

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Canada:

Landlord finds millions of confidential files left by defunct IT firm
(DBN)

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MENA:

Netanyahu indicted for bribery, fraud and breach of trust Israeli PM Netanyahu defiant after indictment
(DBN)

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Hong Kong:

Planes stay on the ground and protests bite, as HK Airlines struggles to beat financial woes
(DBN)

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Australia:

A Model Economy Stops Drinking Its Own Kool-Aid
(DBN)

The Distinctive Features of Women in the Australian Bankruptcy System: An Empirical Study
(DBN)

More to Lose: The Attributes of Involuntary Bankruptcy
(DBN)

Director Restriction: An Alternative to Disqualification for Corporate Insolvency
(DBN)

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India:

India Lenders Brace for Possible $5 Billion Shadow Bank Writeoff
(DBN)

India's bankruptcy code set to face huge test in DHFL case
(DBN)

Wealth managers, merchant bankers may come under IBC
(DBN)

Dewan Housing Will Be Test Case For "Haircut Salon" Approach
(DBN)

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