November 27, 2019

The Daily Bankruptcy News

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Due to the Thanksgiving holiday, The Daily Bankruptcy News will not publish on Thurs. and Fri, Nov. 28 and 29, 2019



Law:

Art Melts The Heart of (An Anonymous) New York Bankruptcy Lawyer
(DBN)

Associate bonus schedule set by Milbank is largely intact as more law firms make announcements
(DBN)

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

Brown Rudnick Faces $300M Malpractice Suit Over Botched Bankruptcy Claim
(DBN)

Baker McKenzie’s Chair: ‘A Regular Guy’ Navigating Strange Times
(DBN)

Biglaw Firm In The Midst Of Massive Partner Defections
(DBN)

Weil Elects 16 New Partners and Announces New Counsel Class
(DBN)

Biglaw Firm Announces ‘Significant Expansion’ Of Benefits Offerings
(DBN)

La Verne Law School Opts For State Accreditation Rather Than Closure
(DBN)

Law Schools Are the Latest Battleground for Gender-Neutral Bathrooms
(DBN)

2019 Gifts for Lawyers guide
(DBN)

Not Enough Law Firm Victims Alleged for Collections Class Action
(DBN)

Judge tells Trump he's not a king Trump Learns The Hard Way That ‘No One Is Above The Law’ McGahn appeals ruling ordering him to comply with House impeachment subpoena Trump responds to McGahn decision by claiming he wants witnesses to testify Trump says he's 'fighting for future Presidents' in tweetstorm after a federal judge ruled he can't stop Mueller's star witness from testifying to Congress
(DBN)

Bolton's lawyer says McGahn ruling does not apply to national security officials
(DBN)

Trump Tax Returns' New Inconsistencies
(DBN)

Company That Detains Migrant Kids Cancels Holiday Party at Trump Golf Club
(DBN)

House Oversight Committee sues Barr and Ross to enforce Census subpoenas
(DBN)

Why Doesn't DOJ IG Probe AG Barr?
(DBN)

Lawyers for the guards accused of napping the night Jeffrey Epstein died say their clients are being unfairly blamed for the jail's dysfunction
(DBN)

Federal prosecutors are reportedly probing whether Rudy Giuliani acted as an 'unregistered foreign agent'
(DBN)

39 prosecutors sign pledge to visit prisons to help understand impact of their decisions
(DBN)

After Gallagher, Military Activists Lobby Trump to Intervene in These Cases Trump Wants to Campaign w/ War Criminals
(DBN)

Failed gun background checks rarely lead to charges
(DBN)

Chemerinsky: Guns and mootness at center of Supreme Court’s next big battle
(DBN)

Trump to Designate Drug Cartels as Terrorists
(DBN)

A heartbreaking Supreme Court case could be a huge win for the Christian right
(DBN)

Newborn offered for sale on Craigslist
(DBN)

Sheriff: Man lived in underground bunker with weapons for 'maybe years'
(DBN)

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Judges:

As Trump cases arrive, Supreme Court’s desire to be seen as neutral arbiter will be tested
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Wall Street:

US futures point to slightly higher open
(DBN)

U.S. stocks end at all-time highs, major indexes clinch 10th record close of November
(DBN)

Here are the most heavily shorted stocks on Wall Street
(DBN)

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Layoffs:

NYC: No FedEx Robots on the Streets
(DBN)

Audi Plans to Fire 9,500 to Save Money for EVs
(DBN)

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Politics:

Buttigieg claims 2nd, Warren sinks in new US 2020 poll Warren Plummets as Biden Tops Quinnipiac Poll: Campaign Update
(DBN)

Biden FactCheck: "The fact is that right now the vast majority of Democrats do not support Medicare for All"
(DBN)

They Voted Democratic. Now They Support Trump
(DBN)

Impeach — The Case Against Donald Trump: An Interview With Neal Katyal Poll: No change in views on impeachment after public hearings Poll: Public opinion is split on impeachment after hearings Trump's 'I want nothing' defense doesn't hold water Do the facts matter anymore on Trump impeachment? Mike Pompeo says US has a 'duty' to investigate the bogus conspiracy theory at the center of the Ukraine scandal House Judiciary Committee announces first impeachment hearing House Judiciary Committee invites Trump to its first impeachment hearing on Dec. 4 Trump administration officially put hold on Ukraine aid same day as Trump call Trump lashes out against impeachment inquiry at ‘homecoming rally’ in Florida Two WH OMB Staffers Quit Over Ukraine Aid
(DBN)

Trump Denies Sending Rudy Giuliani to Ukraine for Biden Probe Trump Is Implicating Rudy Giuliani in the Ukraine Bribery Conspiracy to Protect Himself, Ex-Federal Prosecutor Suggests Trump Denies Giuliani Acted on His Behalf in Ukraine: ‘Rudy Has Other Clients’ Trump Claims Rudy Giuliani Was Acting Alone, Despite Massive Evidence Trump distances himself from Giuliani's Ukraine efforts
(DBN)

Bloomberg's 2020 run is a test of America's entrepreneurial aspirations
(DBN)

Melania Trump booed at opioid event, even as the president donates his pay to fight drugs
(DBN)

Obama privately said he would speak up to stop Sanders: report
(DBN)

Trump's 'Crime Family...All Belong in Prison,' Says 'Art of the Deal' Ghostwriter
(DBN)

Jared Kushner’s New Big Boy Job: Building Trump’s Wall
(DBN)

Texas GOP Planned Fake News Websites
(DBN)

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Aviation:

FAA says it again: Boeing’s 737 Max is not ready for certification FAA says it will have full control over approvals for new 737 Max jets
(DBN)

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Taxis:

Uber’s London Ban Marks Global Backlash for Ride-Hailing Giants
(DBN)

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Food/Beverage:

Houlihan's The Latest Restaurant Chain To File For Bankruptcy: Here Are 3 More That Bottomed Out This Year
(DBN)

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Fraud:

Elkhart company founder accused of fraud had $98 million fortune, including 281 vehicles
(DBN)

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Economy:

Dallas Fed President Robert Kaplan says the fourth-quarter economy is ‘weak’
(DBN)

Fed’s Brainard argues for capping interest rate levels during the next downturn
(DBN)

Richmond Fed: Manufacturing Activity Softened in November
(DBN)

‘Cheap’ End-of-Year Funding Fuels Demand for Fed Repo Operation
(DBN)

Can the Fed Slowly Deflate the Credit Bubble?
(DBN)

CEOs Who Earn 1,000 Times Workers' Wages
(DBN)

I paid $300 an hour for the VIP experience at Disneyland, and it made me realize how wealth has transformed the American Dream
(DBN)

Monthly Default Probability of Corporate Loans Rated Below Investment Grade Since January 2018
(DBN)

Is Wall Street underestimating the chances of a recession in 2020?
(DBN)

Think celebrities and CEOs make way too much money? Check out this chart
(DBN)

US consumer confidence falls for fourth consecutive month
(DBN)

Market is overestimating benefits of a US-China trade deal, Asia expert Stephen Roach warns Roach: After the US-China Trade War
(DBN)

NAFTA Ministers to Meet in DC Today
(DBN)

The White House and Congress are barreling toward another government shutdown deadline
(DBN)

Bloomberg Says He Should Pay More Taxes But Opposes Wealth Levy
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

US new home sales fall in October; September revised higher New Home Sales at 733,000 Annual Rate in October, New Cycle High in September A few Comments on October New Home Sales
(DBN)

Freddie Mac: Mortgage Serious Delinquency Rate unchanged in October
(DBN)

Baby boomers are expected to move out of 21 million homes across the US in the next 2 decades, but there's a major problem: Gen X and millennials probably won't want to move into them
(DBN)

Case-Shiller: National House Price Index increased 3.2% year-over-year in September Home price gains accelerate in September, S&P Case-Shiller Index says
(DBN)

Fannie Mae, Freddie Mac will soon let borrowers take out mortgages over $500K
(DBN)

Beverly Hills mansion worth $125million, where JFK honeymooned and where The Godfather's iconic horse's head scene was shot, is in bankruptcy protection, because the owner is $75million in debt
(DBN)

Bankruptcy creditor drops suit seeking more time for east Detroit riverfront development
(DBN)

Heritage Equity’s Michael Lichtenstein Files Temporary Bankruptcy on Bklyn Bldg
(DBN)

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Municipalities:

Notes from the Puerto Rico Oversight (Not Control) Board
(DBN)

$18M in balance in Detroit pension fund dispute
(DBN)

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Oil/Gas:

McDermott board brings on bankruptcy experts
(DBN)

Report calls for ‘cleaner, safer’ future for refinery site Advisory committee releases report on refinery explosion response; offers look at past and future of site City’s report on refinery site: A cleaner use, while desirable, isn’t likely in the short term
(DBN)

SAExploration gets Nasdaq non-compliance letter
(DBN)

Drillers Keep Removing Rigs from Permian
(DBN)

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Retailing:

Dollar Tree plummets 17% after slashing its profit forecast over trade-war issues
(DBN)

Most Americans want stores to stay closed on Thanksgiving, except for Gen Z
(DBN)

More than 9,300 stores are closing in 2019 as the retail apocalypse drags on — here's the full list
(DBN)

All 145 A.C. Moore stores will shut down, but a small handful will become Michaels locations
(DBN)

2 new investigations find that some Amazon warehouses have injury rates as high as triple the industry average
(DBN)

One chart shows how far Sears has fallen from its status as the world's largest retailer
(DBN)

Fifth Avenue: The shopping district has empty stores. Short term, this means more window displays. Long term? Hmm.
(DBN)

The retail stores killed by the internet that people miss the most, according to Reddit users
(DBN)

Black Friday is losing its clout — that’s more bad news for department stores
(DBN)

Department stores fight for relevance ahead of Black Friday
(DBN)

Walmart offers Thanksgiving workers measly discount in place of holiday pay
(DBN)

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Banking:

Citigroup slammed with record $57 million fine for inaccurate reporting Citigroup's Record British Fine Is a Bad Look for Bankers
(DBN)

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Pensions:

Recent Sun Capital Decision Reverses Lower Court's Ruling That Funds Are Liable for a Portfolio Company's Withdrawal Liability
(DBN)

Why Should You Care About The Illinois/New Jersey/Connecticut Pension Crisis? A Thanksgiving Dinner Discussion-Starter
(DBN)

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Dairy:

Farmers Agree There Are Many Reasons Dean Foods Filed Bankruptcy
(DBN)

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Corporate Reform:

The 2020 corporate hit list
(DBN)

Supreme Court to hear CFPB constitutionality case in March
(DBN)

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New Bankruptcy Opinions
(12 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (12 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (34 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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SCOTUS:

Argument preview: Whose refund is it anyway?
(DBN)

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Bankruptcy Reform:

The Haven Act: A Great Law That Exposes A Really-Bad Bankruptcy Policy
(DBN)

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Climate:

Nothing is happening remotely fast enough to save the planet
(DBN)

Gauging the public pulse on climate and energy policy
(DBN)

Wind-driven wildfire threatens Santa Barbara County
(DBN)

Heavy snow on one end, ‘bomb cyclone’ on the other threatens U.S. Thanksgiving travel
(DBN)

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Pharma:

More opioid companies facing criminal probes
(DBN)

Judge partly vacates convictions of opioid maker Insys' founder, executives
(DBN)

Winners and losers from Washington's drug pricing agenda
(DBN)

Early stages of opioid litigation marked by judgments, settlements and appeals
(DBN)

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Healthcare:

Credit, Lease Defaults Send 14-SNF Cornerstone Healthcare into Bankruptcy
(DBN)

TLC still facing financial problems
(DBN)

Lourdes Hospital Transplant Center Admits Giving Wrong Person Kidney Transplant
(DBN)

'Deaths of Despair': Why U.S. Life Expectancy Has Been Falling Since 2014
(DBN)

Rising health costs hitting home
(DBN)

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Newspapers:

Care About Journalism? Maybe You Should Cancel Your Newspaper
(DBN)

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Utilities:

Rich Californians Shell Out $30,000 to Avoid Blackout Pain
(DBN)

FirstEnergy Solutions To Rename Company Amid Filing For Bankruptcy
(DBN)

Do Preventative Blackouts Put California’s Renewable Generators at Risk?
(DBN)

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Education:

Freemasons buy 115-year-old college in $32M bankruptcy bid
(DBN)

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Coal:

Point/counterpoint — Coal’s future: Cronyism can’t save coal country Is the coal industry reviving or doomed? Big Coal Trashed the Climate and Got Away With It
(DBN)

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UK:

Katie Price glams up for night out - hours after being declared bankrupt Katie Price says she is 'not bothered' she's gone bankrupt Katie Price blames ex Peter Andre for bankruptcy in epic boozy rant on train Bankrupt Katie Price blew her millions on shopping sprees, surgery and money pit mansion
(DBN)

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Argentina:

Wall Street Shocked Argentine President-Elect Who Ran Against It Not Eager To Do What It Wants
(DBN)

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Mexico:

Mexico’s economy has not been this weak relative to the US since the ‘Tequila crisis’ in the 1990s
(DBN)

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India:

Law firms are laughing all the way to the bank amid swelling IBC, GST cases
(DBN)

Finance firms’ bankruptcy: Fail, and pass the test
(DBN)

Risk of undercapitalisation for state-owned institutions: Nobel winner India doesn’t face any near-term financial crisis, says Nobel Laureate Robert Engle
(DBN)

Recent amendments to IBC: A step in the right direction?
(DBN)

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Hong Kong:

Beijing finally responds to Hong Kong election results after big win for democrats
(DBN)

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China:

China’s industrial profits post steepest fall in 8 months
(DBN)

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Russia:

A Million Russians Close to Bankruptcy
(DBN)

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MENA:

How World Bank Arbitrators Mugged Pakistan
(DBN)

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