October 16, 2019

The Daily Bankruptcy News

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Law:

Deloitte Legal Hires Consultant Bamford to Run Legal Engineering
(DBN)

Holy Crap! A Ton Of Wannabe Law School Students Got Cold Feet
(DBN)

The Challenges Facing In-House Counsel In 2019
(DBN)

More Than 100 Law Firms Have Reported Data Breaches. And the Problem Is Getting Worse
(DBN)

Once Again, This Law School Provides The Best Value To Their Students
(DBN)

Mossack Fonseca Law Firm Sues Netflix for Casting It as Villain
(DBN)

Ex-Wichita attorney who stole from bankrupt clients gets prison in embezzlement case
(DBN)

If Your Mom Wants You To Go To Law School, Maybe You Should?
(DBN)

This Law School Professor Is Kim Kardashian Approved
(DBN)

Jurors reject death penalty for accused triggerman in law prof’s murder; another trial is pending
(DBN)

4 federal judges rule against Trump on immigration issues in 1 day
(DBN)

Oxford professor accused of stealing Bible artifacts, selling them to Hobby Lobby
(DBN)

Jeffrey Epstein's Madame Traced to Brazil
(DBN)

Never-Before-Seen Trump Tax Documents Show Major Inconsistencies
(DBN)

Emoluments case over Trump's D.C. hotel gets second chance in legal challenge Appeals court to hold rehearing on Trump hotel lawsuit
(DBN)

DC Circuit upholds Democratic subpoena for Trump’s financial records
(DBN)

British vacationers who accidentally drove into U.S. spend days detained with infant U.S. officials say British family illegally crossed border from Canada on purpose
(DBN)

A newspaper accused the president's family of profiting from a foreign deal. The president sued.
(DBN)

A 14-year-old boy shot his way in to a school before turning the gun on himself. Now his mother is facing 6 felony charges.
(DBN)

Man arrives at police station with dead body in car, leads police to 3 others
(DBN)

Atatiana Jefferson Was Holding a Gun When She Was Shot by Cops in Her Own Home
(DBN)

Retired Fort Worth cop: "I'm afraid when I get stopped"
(DBN)

9-year-old central Illinois boy charged with murder in fatal fire that killed 5 ‘made a terrible mistake,’ but he’s ‘not a monster,’ mom says
(DBN)

Lawyer disbarred after she’s accused of having romantic involvement with client and hiring detective to spy on him
(DBN)

DC sniper Lee Boyd Malvo to ask Supreme Court for resentencing in case over youth punishment
(DBN)

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Judges:

Tampa’s chief bankruptcy judge sees many people 'get behind the financial 8 ball’
(DBN)

The Supreme Court Case Testing the Limits of Gorsuch’s Textualism
(DBN)

3 judges face ethics charges in White Castle shooting that injured 2 of them; what sparked the confrontation?
(DBN)

Trump Court Pick Ignores Senators’ Questions About His Role In Ukraine Scandal
(DBN)

Group Pressures Democratic Candidates on Supreme Court Picks
(DBN)

The racial pessimism of Clarence Thomas
(DBN)

‘Parks and Recreation’ reminds us how important court reporters are to the legal system
(DBN)

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Wall Street:

US futures point to slightly lower open
(DBN)

Indexes Rise More Than 1% As S&P 500 Is Now Near Record High
(DBN)

Earnings season gets off to a great start with only two misses
(DBN)

One look at this and you’ll get why Warren Buffett sits on a record cash pile
(DBN)

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Layoffs:

Amazon Cuts Contracts With Delivery Companies Linked to Deaths
(DBN)

Forever 21 to cut more than 1,000 jobs in Lincoln Heights
(DBN)

No one has a damn clue how many jobs will be lost to automation
(DBN)

Democrats’ debate about automation missed the mark
(DBN)

Hundreds more layoffs planned at Teva Pharmaceuticals
(DBN)

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Politics:

Elizabeth Warren Leads Joe Biden by Double Digits in Latest 2020 Poll
(DBN)

Warren faced sexism, shed a husband and found her voice teaching law in Houston
(DBN)

The Biden Paradox Judge Napolitano: Hunter Biden's problem is political, not legal
(DBN)

Trump is on his way to an easy win in 2020, according to Moody’s accurate election model All of These Democratic Debates (Especially This One) Just Leave Me Thinking Trump Is Going to Win in 2020
(DBN)

State Department official faces questions about Ukraine and Giuliani in impeachment probe of Trump In op-ed, 17 former Watergate special prosecutors see three grounds for Trump’s impeachment Vivid details emerge on Ukraine as impeachment quickens If Impeached, Pence Will Pardon Pence Refuses to Turn Over Subpoenaed Docs The Pete Sessions subpoena is tied to his effort to oust Ukraine ambassador, contemporaneous campaign donation Sondland prepared to deny he was warned about Ukraine work Impeachment threatens to create conflicts for Democratic candidates Trump inverts time and invents conversations to thwart impeachment The revenge of John Bolton? Congressman: 'Too Many Witnesses' to Cover Up Trump's Ukraine Scandal ‘NO ONE IS ABOVE THE LAW’ Democrats unite to call for Donald Trump’s impeachment calling him the ‘most corrupt president ever’ in 2020 debate White House, Pentagon, Giuliani reject House subpoenas House Democrats will not hold a vote authorizing impeachment probe, which White House sought Former White House official bolsters the Trump-Ukraine whistleblower’s allegations FactCheck: Trump's Ukraine Statements White House directed 'three amigos' to run Ukraine policy, State Department official says
(DBN)

Giuliani will not comply with subpoena deadline in Ukraine investigation 3rd time is not the charm: Giuliani's latest divorce is bitter, expensive and very public Watergate Prosecutor: 'More Than Enough Evidence' to Investigate Giuliani Rudy finds himself at center of House impeachment inquiry Giuliani’s $500,000 payout from Fraud Guarantee reveals the hypocrisy of his attacks on Hunter Biden Giuliani pressed Trump to eject cleric, a priority of Turkish president, former officials say
(DBN)

Trump imposed sanctions on Turkey only after advisers explained to him the obvious consequences of letting it invade Syria, report says Turns Out the Kurds Never Trusted Us at All Scrambling to limit damage, Trump tells Turkey to stop its Syria invasion The 1,000 elite US troops in Syria are making a chaotic and demoralizing retreat after Trump canceled their mission US military carries out ‘show of force’ in Syria as Turkish-backed fighters near Americans U.S.-Turkey Tensions Raise Fears Over Future of Nuclear Weapons Near Syria Trump talks tough on Turkish economy, but actions so far fall short 5 uncomfortable facts at the heart of the U.S.-Turkey relationship U.S. troops abandoned their Syrian base. Video appears to show Russians have moved in Erdogan Defends Syrian Offensive in Op-Ed, Slams International Community How Americans Feel About Trump's Syria Withdrawal Trump’s Syria withdrawal is a boon for ISIS — and a nightmare for Europe Turkey detains four Kurdish mayors in dawn raids As the U.S. withdraws from Syria, Assad and Putin are emerging as the real winners NATO Envoys to Discuss Turkey's Offensive Castro slams Trump for letting "ISIS prisoners run free" but "caging kids" Sanders: "Turkey is not a U.S. ally"
(DBN)

Elizabeth Warren is limiting donations from Big Tech executives
(DBN)

Here are the top moments from the fourth Democratic debate 5 takeaways from Ohio's Democratic presidential debate 5 winners and 3 losers from the October Democratic presidential debate Winners and losers from the October Democratic debate The best and most substantive answers of the 4th Democratic debate Fact-Checking the Democratic Debate Warren and Biden stop playing nice as she zooms in the polls Elizabeth Warren was treated like the frontrunner at the Democratic debate Warren’s in Front But Klobuchar Earned Debate Lift Here’s how 2020 Democrats attacked new front-runner Elizabeth Warren at the Ohio debate Biden’s Clash With Warren Shows Democratic Race in New Phase 2020 Democrats pile on Warren Elizabeth Warren takes heat for dodging questions on ‘Medicare for All’ taxes Everybody went after Warren over Medicare-for-all Elizabeth Warren spoke the most at the Democratic debate — a sign of her status as a frontrunner Warren responds to Biden's effort on consumer bureau: Thanks, Obama An Ohio Debate Lacking One Thing: An Appeal To Lost Ohio Voters What heart attack? Bernie bounces back at debate Biden, Warren get in tense debate exchange over accomplishments Pete Buttigieg and Beto O’Rourke’s feud boils over at the Democratic debate Andrew Yang turns question on Trump impeachment into a slam against Amazon for hurting retailers Trump campaign singles out Biden and Warren during 4th debate Kamala Harris brought up the most-ignored policy issue in the Democratic debates so far They may not move the polls, but yes, the debates are shaping the race
(DBN)

Alexandria Ocasio-Cortez to endorse Bernie Sanders for president
(DBN)

Trump brand 'has become toxic' for some people, Forbes editor says
(DBN)

A United Airlines passenger wore a shirt that referenced lynching journalists, worrying other passengers and raising a debate over threats on planes
(DBN)

Warren takes aim at private equity after Splinter News shutdown
(DBN)

Sanders, Warren are widening the Democratic Party's left lane
(DBN)

Americans divided: Neighbors turn enemies over Trump in swing-vote Michigan suburbs
(DBN)

GOP Rejects Indicted Duncan Hunter
(DBN)

____________

Autos:

GM labor union talks could be ‘in the home stretch’ as CEO Mary Barra joins negotiations
(DBN)

Bad luck if your GM car needs spare parts or a repair, as UAW strike continues into its fifth week
(DBN)

US car sales down nearly 10% YOY in Q3 as SUVs, trucks continue to gain
(DBN)

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Accounting:

Retired PwC partners split £100m windfall
(DBN)

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Fraud:

Judge Hands Down 25-Year Sentence for Massive Investment Fraud
(DBN)

Felicity Huffman begins prison sentence for college admissions scam
(DBN)

Wells Fargo takes $1.6 billion hit linked to fake-account scandal
(DBN)

____________

Media:

LBI Media Exits Bankruptcy. Founder Lenard Liberman Out, Peter Markham Named CEO Of EstrellaTV Parent Company
(DBN)

____________


Economy:

NY Fed: Manufacturing "Business activity grew slightly in New York State"
(DBN)

Fed's Bullard Wants Rate Cuts Considered Amid Downside Risks
(DBN)

2020 Social Security Increase is $23
(DBN)

Consumers are still spending, says JPMorgan Chase CEO Jamie Dimon Jamie Dimon: A Recession is Coming
(DBN)

IMF predicts slowest global economic growth since 2008 financial crisis
(DBN)

‘Awfully high’ risks of a global recession in the next 12-18 months, Moody’s chief economist says
(DBN)

October 2019 update to TIGER: Sliding into synchronized stagnation
(DBN)

Will There Be A Global Recession? US-China Trade War, Political Uncertainties Add To Predicted Slower Growth
(DBN)

Trump's trade war has reversed the world's growth story in 2 years What's Really in This Phase 1 China Trade Deal Mnuchin says Trump's trade deal needs work. China won't even say if there is one China already snapping up U.S. farm goods, Trump claims Doubts persist over China’s commitment to U.S. farm purchases China’s economy cause of growing concern in Beijing as US-China trade war takes toll on growth China threatens countermeasures in response to US bill supporting Hong Kong protesters Why China Wants Trump Re-elected An unexpected victim of the trade war: the home-improvement industry
(DBN)

Fed Brings Us A Little Closer To Those Halcyon Days Of 2008
(DBN)

More than half of millennials have credit-card debt, and it reflects a financial reality other generations didn't face
(DBN)

US Debt Clock
(DBN)

The geography of desperation in America: Labor force participation, mobility trends, place, and well-being
(DBN)

This chart shows just how much Elizabeth Warren and Bernie Sanders want to go after billionaires
(DBN)

Billionaire Salesforce co-founder Marc Benioff says capitalism is dead and needs a reboot
(DBN)

Former Mexican president says Trump is ‘isolating’ the US economy
(DBN)

Charted: The Highest-Paying Companies in the U.S.
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

Lower mortgage rates are causing an epic housing shortage
(DBN)

Housing and Recessions
(DBN)

The Refi-Fever Index: Which Places in America Are Taking on the Most Mortgage Debt?
(DBN)

Goldman Sachs says it marked down WeWork stake by $80 million SoftBank hires restructuring bankers to revive WeWork WeWork could be the venture capital boom’s ‘burning bed’ moment WeWork bonds sink as bankers circulate rescue financing proposals WeWork’s mad dash for cash rages as JPMorgan peddles risky debt Feeling Bold? WeWork’s 15% Bonds Would Be for Bravest of Brave
(DBN)

Ex-Woodbridge CEO Robert Shapiro sentenced to 25 years in prison
(DBN)

NYC: Street LP Announces Conclusion Of Bankruptcy Proceedings And New Debt And Equity Financing To Complete Downtown Luxury Hotel Project
(DBN)

This is the most affordable housing market for buyers with student debt
(DBN)

____________

Municipalities:

Supreme Court Suggests Support for Puerto Rico Oversight Board U.S. Supreme Court justices signal support for Puerto Rico oversight board Puerto Rico's oversight board, restructuring plans get hearing at Supreme Court High court focuses on federal versus local role of Puerto Rico Oversight Board Justices Tackle Bid to Invalidate Puerto Rican Oversight Board Argument analysis: Justices weigh appointments dispute – and nature of Puerto Rico oversight board Supreme Court Case Could Have Huge Effect on Puerto Rican Debt Crisis
(DBN)

Puerto Rico’s Debt Deal Leaves No Room for Error
(DBN)

Puerto Rico Consumer Spending Dropped 8.7% from 2012-2017
(DBN)

____________

Oil/Gas:

How U.S. oil output went from explosive to sluggish
(DBN)

Halcón Resources Corporation’s Bankruptcy Exit Financing
(DBN)

Behind the deal: EP Energy bankruptcy somewhere between free-fall and prepackaged
(DBN)

At Philadelphia refinery, neighbors watch warily as PES oil trains make last rounds
(DBN)

The IMF's Latest Report Could Spell Disaster For Oil Markets
(DBN)

The Crackdown On Illegal Immigration Is Hurting Oil Drillers
(DBN)

____________

Retailing:

Gymboree Will Be Revived in Early 2020, Months After Company Went Bankrupt
(DBN)

Sears’ future is still in doubt a year after bankruptcy filing
(DBN)

Barneys Bidding Starts, and It’s a Bet on the Future of Shopping Barneys could end up at Saks Barneys to wrap up US$270m bankruptcy deal to reopen stores
(DBN)

Retail Apocalypse Arrives: The Worst Case Scenario For Simon Property Group
(DBN)

____________

Media:

A Requiem for Splinter News Splinter Shutting Down Splinter, a Gawker Successor Focused on Politics, Is Shuttered
(DBN)

____________

Utilities:

California officials are unhappy with PG&E's power shutoffs PG&E power shutoff 'unacceptable': California calls for refunds, investigation and corrective action PG&E finds over 100 instances of damage in 'public safety' outage California orders a raft of “immediate corrective actions” by PG&E California Governor Calls for Customer Rebates in Wake of PG&E Blackouts
(DBN)

PG&E says it got $34 billion in debt financing to help exit bankruptcy
(DBN)

‘This Did Not Go Well’: Inside PG&E’s Blackout Control Room
(DBN)

California wildfires, electricity shutoffs and our troubled energy future
(DBN)

California Recycling: Burn, Blackout, Blame, Repeat
(DBN)

PG&E Says Power Outages Aren’t Going Away, Leaving California Businesses to Confront an Uncertain Future
(DBN)

FirstEnergy Solutions bankruptcy may end soon
(DBN)

Ohio Supreme Court rules against FirstEnergy rate cap
(DBN)

Are Northern California’s Blackouts An Image Of Our Energy Future?
(DBN)

____________

Apparel:

The 'retail apocalypse' is an apparel apocalypse
(DBN)

____________

Coal:

Peabody to Close Coal Mine Amid Price Drop Peabody to close Illinois coal mine
(DBN)

UN Pension Fund to Divest Coal
(DBN)

____________

Student Debt:

Turf War Blocked CFPB From Helping Fix Student Loan Forgiveness Program
(DBN)

____________

Aviation:

FL: Maitland airline files for Chapter 11 bankruptcy
(DBN)

____________

Religion:

Rochester diocese pressed on use of donations
(DBN)

Holy Trinity parishioners hope to buy back church with new donations after sold in bankruptcy court
(DBN)

Members of Chicago church ask judge to stop foreclosure sale
(DBN)

____________

Tech:

The simmering debate over Big Tech explodes on the Democratic debate stage
(DBN)

Elizabeth Warren compares Big Tech to Big Oil in a new fundraising ban
(DBN)

____________

Climate:

'Bomb Cyclone' Could Hit Northeast With Intense Rain and Winds
(DBN)

Five Radical Climate Policies That Most Americans Actually Like
(DBN)

USDA's silence on climate crisis makes little sense to farmers
(DBN)

____________

Entertainment:

The Weinstein Co. Gets Closer to Suing Harvey and Bob Weinstein
(DBN)

____________

Hotels:

Overrun by Tourists, American Cities Are Taking Aim at Hotels
(DBN)

____________

Forex:

AFX Rejects Bad Faith Accusations, After Missing Settlement Deadline AFX counsel says: “We find ourselves in a quandary”
(DBN)

____________

Hotels:

Court OKs inn going to prior owners
(DBN)

____________

 


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 (15 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (10 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:

New federal laws trigger bankruptcy jump to close Q3
(DBN)

BK MN: Updated Case Filing Statistics
(DBN)

Now you can predict small business failure: Industry legend who created algorithm to predict bankruptcy in large firms launches new tool
(DBN)

______________

Arbitration:

Arbitration of Bankruptcy Disputes: The Need for a “Uniformity” Rationale Under U.S. Constitution
(DBN)

____________

Cross-Border:

A Bankruptcy Code Chapter 15 Primer: Decision in New York Addresses Key Issues of Jurisdiction, Recognition, Public Policy, and More
(DBN)

____________

Education:

The shift in higher education funding since the Great Recession
(DBN)

The US needs 307,000 more teachers than it currently has — but few are taking the job due to low pay
(DBN)

House Democrats release plan to lower college costs
(DBN)

____________

Utilities:

Do power shut-offs actually prevent fires?
(DBN)

____________

Pharma:

Study: Opioid crisis cost U.S. economy $631 billion over 4 years
(DBN)

The Democratic candidates are calling for locking up opioid executives
(DBN)

How the Democratic presidential candidates would combat the opioid epidemic
(DBN)

Your Guide To The Massive (And Massively Complex) Opioid Litigation
(DBN)

High-profile trial over who should pay for the opioid crisis begins Wednesday
(DBN)

J&J Makes $4 Billion Opioid Offer as Distributors Seek Deal
(DBN)

Top drug distributors 'to pay $18billion to settle opioid lawsuits' State AGs dangle $18 billion potential settlement, but fail to delay federal opioid trial
(DBN)

New drugs are launching with ever-higher prices
(DBN)

Oklahoma judge says he miscalculated award in J&J opioid case by $107 million J&J Persuades Court to Throw Out $110 Million Talc Verdict
(DBN)

Alberta joining class-action lawsuit against opioid manufacturers, distributors
(DBN)

____________

Healthcare:

Tenet Says Philly Hospital Owner Needs To Pay Up In Ch. 11
(DBN)

Nonprofit hospitals are required to provide charity care when patients can’t pay. What’s going wrong?
(DBN)

Elizabeth Warren wades into debate on health care costs and bankruptcy
(DBN)

Medical events still a driver of bankruptcy
(DBN)

Welcome to Coffeyville, Kansas, where the judge has no law degree, debt collectors get a cut of the bail, and Americans are watching their lives — and liberty — disappear in the pursuit of medical debt collection.
(DBN)

Democrats' health care plans by the numbers
(DBN)

Health care provider agreements may be acquired 'free and clear' in bankruptcies
(DBN)

US Surgeons General Say Dementia Is Top Public Health Crisis
(DBN)

Substance Abuse Hits Home for Close to Half of Americans
(DBN)

How Non-Profit Hospitals Are Driving Up The Cost Of Health Care
(DBN)

____________

UK:

Commenting on the steepest fall in UK employment in over four years UK jobs market 'shows signs of slowing' Brexit jitters blamed for sharpest decline in employment in four years
(DBN)

Brexit talks stall on final day before crucial EU summit Pound slides after report EU refers to Brexit deal impossible without U.K. concession
(DBN)

British insurance giant warns of global recession
(DBN)

The UK just got more power from renewables than fossil fuels for the first time
(DBN)

What is the Irish backstop? All you need to know about the border dispute blocking an orderly Brexit
(DBN)

Brexit customs deal 'could cost Northern Ireland importers up to £500m a year' NI farmers face bankruptcy in no-deal Brexit, MPs warned
(DBN)

Hate crimes rising sharply in England and Wales
(DBN)

Thomas Cook ex-boss grilled over £500,000 bonus MPs slam Thomas Cook accounting 5 Takeaways From the UK’s Thomas Cook Inquiry
(DBN)

Brexit and the Decline of Brand Britannia
(DBN)

Bury FC set for HMRC winding-up
(DBN)

____________

EU:

Eurozone inflation slows to near 3-year lows
(DBN)

____________

PIIGS:

Greece Sets Out Plan to Help Banks Shed $83 Billion of Toxic Debt
(DBN)

Second Greek migrant camp in flames as arrivals continue to rise
(DBN)

____________

Canada:

Canada’s outlier trucking bankruptcy reveals millions owed to U.S. lender
(DBN)

The Priority of Unpaid Post-Filing Creditors in a CCAA Proceeding
(DBN)

____________

Hong Kong:

LeBron under fire after blaming China row on 'misinformed' Rockets GM Why everybody is mad at LeBron LeBron James undermines values he's espoused in most disgraceful moment of career
(DBN)

Pro-democracy lawmakers heckle Hong Kong leader, disrupting her annual policy speech
(DBN)

Beijing Accuses US of Sinister Intentions to Destroy Hong Kong China slams 'arrogant and dangerous' U.S. over Hong Kong democracy bill as city's dysfunction deepens
(DBN)

____________

China:

The People’s Republic of China: 70 Years of Economic History
(DBN)

China’s 2019 growth rate again cut by IMF
(DBN)

____________

India:

India’s bankruptcy code is failing to shine
(DBN)

Largest India Bank Seeks Rule Changes to Take on Bad Debt Pile
(DBN)

Group insolvency: Allow ‘subordination of claims’ in limited cases, suggests UK Sinha-led committee
(DBN)

Financial troubles mount for grounded Jet Airways – and its creditors
(DBN)

The unsafe vaults: With the financial system hit by defaults, is it time to resurrect an old law?
(DBN)

____________

Australia:

Australia Launches Small Business Insolvency Probe Insolvency Practice Inquiry should be welcomed, solicitor says
(DBN)

Clive Palmer's QNI looked to be trading while insolvent, says judge
(DBN)

To Appeal or Not to Appeal? Liquidators Could Face Personal Costs Orders
(DBN)

____________

MENA:

Affect of Recent UAE Bankruptcy Legislation on Businesses Facing Cash Flow Difficulties
(DBN)

____________

Bolivia:

Socialism doesn't work? In Evo Morales' Bolivia, an emerging middle class would beg to differ.
(DBN)

____________

Brazil:

Brazil's Renova Energia files for bankruptcy protection - filing
(DBN)

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