October 18, 2019

The Daily Bankruptcy News

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Law:

Arizona Task Force Calls For Wide-Ranging Practice Reforms, Including Eliminating Ban On Nonlawyer Ownership
(DBN)

Now The DLA Piper Accuser Has Been Put On Leave
(DBN)

Transperfect Must Pay $30,000 Daily Until It Drops Skadden Suit
(DBN)

How Vendor Data Breaches Are Putting Law Firms at Risk
(DBN)

Dentons' Leader Fires Back at Greenberg's 'Parochial and Condescending' Criticisms
(DBN)

Top Jones Day partner accused of contempt of court
(DBN)

In Jones Day’s London Office, an 'Endemic Culture of Sexual Inappropriateness'
(DBN)

Biglaw Partner Slams Ranking For Not Including Enough Women
(DBN)

Lawyer Gets Court-Ordered Extension To Watch Baseball Playoffs
(DBN)

Hinshaw Banks On Bankruptcy Pro From Lawrence Kamin
(DBN)

Unfortunate Google Editing Becomes Defense Lawyer’s Nightmare
(DBN)

Billionaire Ken Fisher, who compared winning clients to getting in 'a girl's pants,' lost $1 billion in client funds
(DBN)

Congress fails again to stop Trump from using military money for his border wall Failed Senate vote sets up big fight over border wall, budget Trump is still trying to collect citizenship data for redistricting Census Bureau's request for citizenship data from DMVs raises concerns Border Patrol's growing presence at hospitals creates fear
(DBN)

Jeffrey Epstein's richest friend
(DBN)

Judge rules DOJ improperly redacted court filing related to Mueller probe
(DBN)

What Kind Of Prize Do You Get If Trump Fires You?
(DBN)

Visitors horrified by Halloween display at metro Atlanta district attorney's office
(DBN)

Man sentenced to 15 years in prison for cocaine before test showed real identity of white substance
(DBN)

Panama Papers law firm sues Netflix for libel over portrayal in Meryl Streep film Netflix Says Panama Papers Law Firm Can’t Stop Movie Release
(DBN)

Norton Rose Fulbright blunder reveals lawyers' billings to colleagues
(DBN)

The CEO of Dick's, which banned AR-15 style rifles last year, says he wishes Sen. Mitch McConnell would have the 'guts' to address gun reform
(DBN)

Retailer broke law by selling rifle to former airman in Texas church attack, feds say
(DBN)

Lawyer pleads guilty in connection with cyberattacks on Leagle and RipoffReport
(DBN)

7 toxic behaviors that show low emotional intelligence
(DBN)

Clyde & Co in outstanding typo of the week
(DBN)

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Judges:

Long Island Judge Removed From Office After Emailing Slurs, Vulgar Language to Clients
(DBN)

Judge urges former teen serial killer to donate his brain to science
(DBN)

The Surprising Longevity Of Supreme Court Justices
(DBN)

Puerto Rico Cockfighting Case Is ‘No Place to Mock’ Trump: Judge
(DBN)

North Carolina judge died of fentanyl and heroin intoxication, autopsy reveals
(DBN)

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Wall Street:

US futures point to slightly lower open
(DBN)

After some wobbling, stocks close higher on solid earnings
(DBN)

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Layoffs:

Beware The #RobotLawyer Invasion
(DBN)

Timken announces 150 layoffs
(DBN)

Pharma giant Merck to slash 500 jobs based in Philly suburbs; J&J to lay off 300
(DBN)

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Politics:

Elizabeth Warren did not win the debate and now she’s got work to do
(DBN)

Elizabeth Warren raised 5 times as much money from Big Tech as Joe Biden did
(DBN)

Economists project Trump will win easily in 2020 - and by a bigger margin
(DBN)

Biden's most loyal supporters are starting to look elsewhere, according to a new Insider poll
(DBN)

Pew survey: 54% approve of House impeachment inquiry Fox News Judge Shuts Down Republicans' Impeachment Complaint, Says Inquiry 'Consistent With the Constitution and House Rules' A central figure in the Ukraine scandal threw Trump and Giuliani under the bus in his opening statement to Congress Trump ordered diplomats to work with Giuliani on Ukraine, Sondland testifies The White House admits to a Ukraine quid pro quo. Just not that one. Schiff: Mulvaney Said What? Trump's chief defends holding up Ukraine aid to compel probe of Democrats Mulvaney's twin admissions put Trump at center of emoluments and Ukraine controversies The diplomat at the center of the Trump-Ukraine scandal is spending $1 million of taxpayer money on home renovations — including $95,000 for an outdoor 'living pod' Mick Mulvaney publicly confirms Trump held up Ukraine aid for political gain Mulvaney says push for DNC server investigation was one reason for Ukraine aid freeze House Judiciary Just Added an Impeachment Scholar as Trump Inquiry Ramps Up GOP Sen. Murkowski condemns Mulvaney's argument for withholding Ukraine aid The coming appearances in House Democrats' impeachment probe Ukraine scandal deepens crisis roiling State Department “I have no idea”: Pelosi shuts down Senate Republicans’ impeachment timeline
(DBN)

Rudy Giuliani Prepares For One Million Legal Cases By Firing His Lawyer
(DBN)

Pelosi uses Trump tweet insulting her as new Twitter cover photo
(DBN)

'I'm the Meryl Streep of generals': Former Defense Secretary Jim Mattis had an epic response to Trump calling him 'overrated'
(DBN)

Adm. McRaven: US Under Attack From Trump
(DBN)

Trump joked about former President Abraham Lincoln during his rally, the same night Mattis praised Lincoln's patriotism in a speech
(DBN)

American diplomacy is crumbling under Trump, top diplomats warn
(DBN)

Trump 'meltdown' after Pelosi said he helped Putin in Syria Pelosi questions Trump's loyalty in White House clash Erdogan Threw Trump's Letter in the Trash Romney rips into Trump's betrayal of Syrian Kurds on Senate floor US special-operations secrets could fall into the hands of Russia and Syria after Trump's sudden pullout The US and Turkey reached a Syrian ceasefire. But what does that mean? Funny, It Doesn't Look Like a Ceasefire Kurds Reject Turkey Occupation Trump on Turks and Kurds: 'Like two kids in a lot, you've got to let them fight' Trump keeps dismissing Syria as just 'sand,' experts say that's wrong and 'sad' Romney raises troubling theory about Trump and Turkey Liz Cheney rebukes Trump for saying U.S. doesn't need to worry about terrorists '7,000 miles away'
(DBN)

Trump will host the G7 conference of world leaders at his struggling Florida golf resort Trump’s move to host the G7 at his Doral resort takes self-dealing to new levels US picks Trump resort for G-7; critics call choice 'brazen' Here's where other countries hosted G7s
(DBN)

Pence announces Turkey has agreed to temporary ceasefire in Syria
(DBN)

In photos: The life and work of Rep. Elijah Cummings
(DBN)

Rep. Carolyn Maloney becomes acting Oversight chair after Elijah Cummings’ death
(DBN)

Buttigieg and Klobuchar rake in over $1 million each in 24 hours after debate
(DBN)

Cop Pushes Suspect Off Roof. Docked 8 Hours
(DBN)

Hunter Biden and the glass floor for children of politicians
(DBN)

Several hundred Trump supporters rally for embattled president on Capitol lawn Why would these women back Trump?
(DBN)

Perry to Resign as Energy Secretary
(DBN)

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Autos:

Rich payouts and plant closures in GM labor deal GM deal with UAW includes closing three US plants, $11,000 ‘ratification’ bonuses
(DBN)

GM Transforms Who Wins, Who Loses in the Future of Work
(DBN)

Bank of America now says the strike at GM will cost the automaker $3.25 billion — its biggest estimate yet GM workers will remain on strike during vote at union halls
(DBN)

Lynn Tilton’s Dura Files Bankruptcy so Tilton Can Buy it Back Financier puts profitable Dura into bankruptcy in high-wire move to shed obligations
(DBN)

DURA Automotive Systems, LLC Chapter 11 Filing: Overview and Implications for Suppliers
(DBN)

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Radio:

License holder of Romanik radio stations moves to dismiss Chapter 7 bankruptcy
(DBN)

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Food/Beverage:

Founder of Scotty’s restaurants says chain’s failure led to personal bankruptcy Scotty’s post-bankruptcy rebranding brings new focus
(DBN)

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Economy:

Philly Fed Manufacturing shows slow Growth in October
(DBN)

Industrial Production Decreased in September
(DBN)

What’s the manufacturing job killer, automation or trade?
(DBN)

Weekly Initial Unemployment Claims increased to 214,000
(DBN)

Top White House adviser suggests Fed officials are part of 'deep state'
(DBN)

IMF Warns of Global Debt Risks Amid Low Interest Rates
(DBN)

Corporate debt defaults predicted to increase – survey
(DBN)

The Explosion Of Personal Loans Is A Troubling Sign
(DBN)

Trump's promises on "phase 1" deal with China fall flat Trump says China will buy $50 billion a year of U.S. farm products. That's not what China says Billionaire W.Va. governor's family business received maximum amount of trade war farm aid China says its economy grew 6% in the third quarter, slower than expected The US is becoming like China on trade policy, ex-White House negotiator says From automakers to manufacturers, Chinese businesses face a challenging environment Trump is Still Losing His Own Trade War
(DBN)

Ray Dalio says the world is in a ‘great sag’ and echoes the 1930s
(DBN)

A record number of big fund managers are worried governments aren't doing enough to avoid a global recession
(DBN)

Millennials are swamped in debt, and it's not just student loans
(DBN)

20 common jobs where the paycheck keeps getting smaller every year
(DBN)

LA area Port Traffic Down Year-over-year in September
(DBN)

Slowing economy, trade wars, drag on US rail companies
(DBN)

Disruption: Transportation's looming overhaul
(DBN)

FactCheck: "Most people below $50,000 don’t pay any income tax. The top 1 percent in our country pay 40%."
(DBN)

Taxing U.S. billionaires more will just hurt the rest of us
(DBN)

Credit Suisse to Charge Wealthy for Deposits
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Housing Starts decreased to 1.256 Million Annual Rate in September Comments on September Housing Starts
(DBN)

Mortgage rates rise sharply on positive developments surrounding Brexit and China
(DBN)

WeWork Cash Crunch Holds Bankruptcy Threat Next Month WeWork could run out of cash by mid-November — here’s what would happen next WeWork Is Slouching Toward Its Least-Worst Rescue Option
(DBN)

Economists identify an unseen force holding back affordable housing
(DBN)

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Municipalities:

Is the board overseeing Puerto Rico’s bankruptcy unconstitutional?
(DBN)

Aurelius v. Puerto Rican Control Board (or "Do Activist Hedgies Add Value?")
(DBN)

The Constitution Is a 'Promesa' to Keep
(DBN)

MBIA battles Puerto Rico bond underwriters over suit venue
(DBN)

15 US cities where wealthy families pay the least in taxes
(DBN)

Teacher strikes are changing. The Chicago walkout proves it In Chicago, 25,000 teachers on strike and 300,000 children out of the classroom
(DBN)

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Oil/Gas:

Court allows bankrupt Philly refiner to award secret bonuses
(DBN)

Midstream Companies Have Renewed Hope: Running-with-the-Land Oil and Gas Dedication Survives a Bankruptcy Challenge, Offering Precedent in Contra to Sabine
(DBN)

The Warning Signs Are Flashing For U.S. Shale
(DBN)

Lender Spat Could Push Barbecue Fuel Retailer into Debt Restructuring
(DBN)

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Crypto:

JPMorgan and Goldman Sachs reportedly rejected any involvement in Facebook's Libra cryptocurrency because of fears it would be used by criminals
(DBN)

MtGox Trustee to push for another extension to deadline for filing rehabilitation claims
(DBN)

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Tech:

Tech execs who lie about privacy violations could face 20 years behind bars under a newly proposed Senate bill
(DBN)

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Education:

The hardest colleges and universities to get into in every state
(DBN)

Colleges and universities are tracking potential applicants when they visit their websites, including how much time they spend on financial aid pages
(DBN)

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E-Cigarettes:

33 dead from vaping-related lung illness
(DBN)

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Taxis:

New York cabs shouldn’t get a government bailout
(DBN)

Lyft has made airport pickups quicker and less confusing by taking a page from the taxi playbook
(DBN)

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Payroll Services:

PrimePay buys Interlogic out of bankruptcy
(DBN)

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Solar:

Federal judge approves FirstEnergy bankruptcy plan
(DBN)

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Trucking:

Trucking company sued for 2015 deadly I-75 wreck files for bankruptcy
(DBN)

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Utilities:

Bankrupt PG&E Faces New Furor Over Power Shutdown
(DBN)

Three Men at PG&E Decide When Californians Go Dark to Stop Fires
(DBN)

California Seeks Changes After Fumbled PG&E Blackout
(DBN)

PG&E noteholders, wildfire victims file formal reorganization plan
(DBN)

The hedge fund battle to control PG&E leaves us no one to root for
(DBN)

PG&E backlash slows down decarbonization plan
(DBN)

PG&E Reiterates Commitment to Its Plan of Reorganization; Is Confident that Its Plan Is the Best Solution for All Constituencies
(DBN)

FirstEnergy Solutions bankruptcy deal finally gets court approval $3.3B FirstEnergy Ch. 11 Plan Gets Court Approval
(DBN)

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Tech:

The Valuation and Governance Bubbles of Silicon Valley
(DBN)

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Religion:

Former U.S. Catholic cardinal faces additional allegations of abuse, sources say
(DBN)

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Fraud:

Ex-Pimco Head Pleads Guilty in College Scam
(DBN)

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Coal:

Trump Vowed to Save Coal, Now Miners Are Getting Laid Off
(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 (21 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (6 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 Reform:

Small Business Reorganization Act: A Great Law With A Major Flaw
(DBN)

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Individual Bankruptcy:

Updated Means Test Information for Cases Filed On and After November 1, 2019
(DBN)

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Jurisdiction:

Bankruptcy Court Jurisdiction Does Not Always Narrow After Confirmation
(DBN)

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UST:

UST Seeks Attorneys In VA, AR, CA, NV and NY
(DBN)

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Litigation:

Are Megaverdicts Changing How General Counsel Think About Litigation?
(DBN)

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Defaults:

The Myth of Creditor Sabotage
(DBN)

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Healthcare:

Suicide is Gen Z's second-leading cause of death, and it's a worse epidemic than anything Millennials faced at that age Why we're failing to stop teen suicide
(DBN)

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Student Debt:

8 signs you can pay off your student loans in less time
(DBN)

Warren to DeVos: Drop Navient's Contract
(DBN)

Trump Administration Blocked Attempts to Address Public Service Loan Forgiveness Problems Turf War Blocked CFPB From Helping Fix Student Loan Forgiveness Program
(DBN)

Sallie Mae execs tan at Maui retreat while student debt crisis tops $1.6 trillion
(DBN)

The Student Debt Crisis Is Crushing Entrepreneurship
(DBN)

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Retailing:

All Barneys stores could close in a $271 million deal. We went to the chain's famous flagship store just after bankruptcy to see what it was like.
(DBN)

Sears Bankruptcy Case Confirmed: Choices Ahead for Administrative Creditors and Looming Preference Lawsuits for Trade Creditors
(DBN)

Lampert helps bankroll Sears as woes persist after bankruptcy: Sources
(DBN)

Bankrupt Gabriel’s earmarks San Antonio-area stores for closure
(DBN)

“Retail Apocalypse: The End – Or A New Beginning?”
(DBN)

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Climate:

Mulvaney says climate change will not be on agenda for G7 summit
(DBN)

Facing unbearable heat, Qatar has begun to air condition the outdoors
(DBN)

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Accounting:

Accounting Regulator Eagerly Adopts Trumpian Management Techniques
(DBN)

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Rail:

The US's largest railroad just had a terrible quarter and is cutting jobs because of Trump's trade war
(DBN)

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Pharma:

Johnson & Johnson: The Impossible Beckons
(DBN)

Judge summons drug company CEOs to discuss opioid settlement: source
(DBN)

Here’s What Happens If The $50 Billion Opioid Settlement Falls Through
(DBN)

Physicians' group warns of conflict for states backing Purdue settlement
(DBN)

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Agribusiness:

US Farmers Lose Out to Mexican Produce
(DBN)

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UK:

Are insolvency proceedings an acceptable method of debt collection?
(DBN)

Restructuring and insolvency post Brexit
(DBN)

U.K. and E.U. reach new Brexit deal, setting up a clash in the British Parliament What is happening with Brexit now? Johnson's plans for Irish border and the E.U. explained The New Brexit Deal Explained UK Biz: This Brexit Deal is Worse Than May's Boris Johnson’s Brexit deal faces narrow defeat on Saturday, analysts warn
(DBN)

Trump says his meeting with Harry Dunn's parents was 'beautiful.' Their spokesman calls it 'an ambush.'
(DBN)

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Estonia:

Government committee given overview of insolvency law revision
(DBN)

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India:

Jet Airways to become first Indian company to undergo Cross Border Insolvency proceedings
(DBN)

Liberty House unlikely to re-entry in stressed asset market
(DBN)

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Australia:

28th Edition – National Insolvency & Reconstruction Quarterly Review
(DBN)

Carnell Inquiry on Insolvency Practices
(DBN)

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China:

China's economy grows at slowest pace since 1992
(DBN)

China asked NBA to fire Rockets' Daryl Morey, commissioner says
(DBN)

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Russia:

Russians are nostalgic for the Soviet Union, poll shows
(DBN)

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Brazil:

Brazilian court okays Renova Energia's filing for bankruptcy protection
(DBN)

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MENA:

Surge in Bad Loans Poses New Risks to Pakistan Economy’s Revival
(DBN)

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Argentina:

IMF will stand by Argentina during crisis - Georgieva
(DBN)

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