October 21, 2019

The Daily Bankruptcy News

View prior editions: Click Here
View prior case summaries: Click Here
Search prior headlines: Click Here
Search prior case summaries: Click Here

Format For Mobile Device



Law:

Key Issues in Restructurings Heading Into an Economic Downturn
(DBN)

O’Melveny Legal Malpractice Drama Heads Back to Court
(DBN)

Jones Day Says Parental Leave Suit Fails ‘On Its Own Terms’
(DBN)

Investigation Into Jones Day Reveals ‘Endemic Culture Of Sexual Inappropriateness’
(DBN)

5 Tips for Working With Men and More Career Insight from Women Lawyers
(DBN)

N.M. Adopts Anti-Bias Rule Based on Controversial ABA Standard
(DBN)

Law Firms Seek Diversity by Recruiting at ‘Overlooked’ Schools
(DBN)

More than 100 law firms have reported data breaches; 2 BigLaw firms affected
(DBN)

Kim Kardashian Turns To CBD To Handle Stress Of Law School
(DBN)

The legal industry won’t experience anything like WeWork’s $47B flameout, but that makes our problems more intractable
(DBN)

Legal Pillars Of Wellness: Physical Wellness
(DBN)

Former top lawyer for state agency pleads guilty to sending herself fake threatening emails
(DBN)

Ex-model says Jean-Luc Brunel, model agent and Jeffrey Epstein's friend, spiked her drink and raped her
(DBN)

Tennessee Deputy Sued Twice In The Same Day Over A Roadside A--- Search And A Forced Baptism
(DBN)

Trump's Unhinged 'Legal' Letter to CNN ‘Pure Theatrics’: Charles Harder Letter Threatening to Sue CNN Over Trump Coverage Derided By Lawyers
(DBN)

Ronan Farrow: ‘My Sources Were Telling Me to Get a Gun’ After Harvey Weinstein Had Private Investigators Follow Me
(DBN)

Federal Judge: DOJ ‘Improperly’ Redacted Names of Individuals Who Didn’t Testify Before Mueller’s Grand Jury Why Grand Jury Didn't Hear McGahn, Don Jr.
(DBN)

Firm Associated with ‘Putin’s Favorite Industrialist’ Caught Up in Mysterious, Possibly Mueller-Linked Investigation
(DBN)

BigLaw's George Conway (Kellyanne's Husband) Wonders How Anyone Can Set Aside ‘Morality’ to Be a Spokesperson for Trump
(DBN)

DeFazio threatens to subpoena GSA for Trump Hotel documents
(DBN)

Bill Barr a Threat to Democracy
(DBN)

Court: FL's Felon Poll Tax Unconstitutional
(DBN)

Naked Man Beat Peeping Tom to Death for Watching Him and Girlfriend Have Sex: Cops
(DBN)

WA: Authorities Seize Weapons from Neo-Nazis
(DBN)

______________

Judges:

Save the Date - A reception to honor Judge Marci B. McIvor on her retirement from the US Bankruptcy Court for the Eastern District of Michigan
(DBN)

Barbara J. Houser Retirement - Save the Date, April 30, 2020
(DBN)

BK ND NY: Clerk’s News - October 2019
(DBN)

Blind state supreme court justice will run marathon despite lasting pain from injury
(DBN)

Federal judge grants lawyer’s deadline extension so he can ‘stay up late watching baseball’ with his son
(DBN)

When Serving On The Supreme Court Is A Family Affair
(DBN)

Changes To The Federal Courts: Trump’s Most Significant And Lasting Legacy
(DBN)

GOP Votes to Advance Nomination of Ardent Kavanaugh Supporter Despite ‘Not Qualified’ ABA Rating
(DBN)

PACER Goes Down Across The Country
(DBN)

Robot judges 'will pass sentence with no human bias' in AI courts
(DBN)

______________

Wall Street:

US futures point to slightly higher open
(DBN)

Here’s what happened to the stock market on Friday
(DBN)

Goldman Sachs Has Come Around To The Logic Of Not Paying People Goldman Sachs Salaries
(DBN)

______________

Layoffs:

GM strike losses push Adient to furlough 1,300 corporate employees during the holidays
(DBN)

SF: Wells Fargo to lay off hundreds in the East Bay
(DBN)

J&J to lay off 297 Pennsylvania employees
(DBN)

Huntington Bank plans to cut 150 to 200 jobs
(DBN)

______________

Corporate Reform:

Supreme Court will hear challenge to Consumer Financial Protection Bureau Justices to review constitutionality of CFPB structure
(DBN)

____________

Crypto:

JPMorgan's Jamie Dimon dings Facebook's cryptocurrency Libra, saying it will never happen
(DBN)

____________

Personal Finance:

A 28-year-old who paid off $102,000 in student loans used the debt snowball method to 'make her loans fair'
(DBN)

I spent years ignoring my money after the shock of the Great Recession, but now I wish I could tell my younger self 6 lessons I've learned since
(DBN)

____________

Healthcare:

This nurse worked more than 30 years at the same hospital. Then the pension plan went bust.
(DBN)

UnitedHealth steering patients away from hospitals to cheaper care
(DBN)

____________

Pharma:

Committee pitches concept to settle all opioid lawsuits Opioid settlement talks fail, landmark trial expected Monday
(DBN)

1st federal opioid crisis trial to focus on distribution
(DBN)

Big Pharma's giant promotional payouts to doctors
(DBN)

Purdue Pharma settlements a window into U.S. opioid crisis
(DBN)

Settling Opioid Suits Probably Won’t End the Crisis
(DBN)

The UK universities benefiting from opioid money
(DBN)

____________

Climate:

Not a hoax or an emergency: What swing voters think of climate change
(DBN)

Massachusetts AG Ready to File Climate Case Against Exxon
(DBN)

Florida's GOP Has A Change Of Heart About Climate Change
(DBN)

____________

Retailing:

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

This Is Really Why Eddie Lampert Keeps Going At Sears
(DBN)

Toys ‘R’ Us Rises From The Dead: How To Lead A Comeback
(DBN)

Celebrity chef was worried about future of Barneys well before bankruptcy
(DBN)

____________

Aviation:

Boeing Board Holds Emergency Meeting
(DBN)

Crash Victim's Family Pushes To Keep Boeing 737 Max From Flying Again Too Soon
(DBN)

Boeing is dragging down the US economy
(DBN)

____________


Economy:

Q3 GDP Forecasts: Under 2%
(DBN)

In a Strong Economy, Why Are So Many Workers on Strike?
(DBN)

Lenders Express Increased Pessimism on U.S. Economy, Phoenix Lending Survey
(DBN)

New ECB chief Lagarde: Trump uncertainty is hurting global economy
(DBN)

Mitt Romney opposes cutting capital gains tax rate for the rich
(DBN)

Former Treasury chief Larry Summers does not like the wealth tax
(DBN)

World Economy Sleepwalking into a Crisis
(DBN)

Wall Street keeps embarrassing itself every time Trump talks about China Our overdue reckoning with China Trump Trade Wars Felt Worldwide
(DBN)

The 20 cities in the South that Americans are escaping in droves
(DBN)

Millennials sleep and work more than previous generations
(DBN)

The Gig Economy is About to Change
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

Early Read on Existing Home Sales in September
(DBN)

WeWork value plunges to $8 billion as it hemorrhages cash SoftBank and JPMorgan at odds over WeWork rescue WeWork Rescue Plan Could Backfire on SoftBank
(DBN)

Developer denies any role in Va. scandal
(DBN)

CA: Three people charged in $7 million mortgage fraud scheme targeting distressed homeowners
(DBN)

____________

Municipalities:

Puerto Rico board says future may be bleaker than expected
(DBN)

Puerto Rico Is at Risk of a $30 Billion Cut in U.S. Aid, Board Says
(DBN)

HUD officials knowingly failed 'to comply with the law,' stalled Puerto Rico hurricane relief funds
(DBN)

____________

Oil/Gas:

Midstream Dedications – Colorado Bankruptcy Court Levels the Playing Field
(DBN)

Midstream Agreements Can Still 'Run With The Land'
(DBN)

Schlumberger Rips Off Band-Aid With $12.7B Writedown
(DBN)

The late Aubrey McClendon’s Permian business merges with parent to avoid bankruptcy
(DBN)

Electric vehicles see both gains and growing pains
(DBN)

Renewable Power Capacity to Rise 50% in 5 Yrs
(DBN)

9 Energy Companies That Won't Go Bankrupt
(DBN)

____________

Politics:

A steady plurality of Americans support impeaching Trump, and a steady majority support the impeachment inquiry Mick Mulvaney reacted to being confronted with a recording of the quid pro quo comment he made on live TV, saying he didn't 'have a perfect press conference' Rick Perry will not cooperate with impeachment inquiry "at this time" Lindsey Graham: Trump was "stupid" to ask China to investigate Joe Biden Graham open to other evidence on impeachment Lindsey Graham calls Trump a 'handful' and suggests he may support impeachment if damning evidence comes out The questions that matter to Mitt Romney on impeachment Ron Chernow: Alexander Hamilton would have backed Trump impeachment Lanny Davis recalls Bill Clinton impeachment strategy Frustrated US diplomats fight back in impeachment probe Just a handful of Republican lawmakers have rebuked Trump's calls for Ukraine and China to interfere in the US election Trump's impeachment defense boils down to this: Treat me like a king Adam Schiff's Credibility for Impeachment
(DBN)

It's Not America First. It's Me First
(DBN)

Trump veterans see a presidency veering off the rails
(DBN)

Trump's Rudy problem House Intel to Call on Giuliani to Testify DOJ Distances Itself from Giuliani Fraud Case
(DBN)

Mulvaney getting second-guessed on defense of Trump Mulvaney's missteps draw scrutiny from Trump allies Mulvaney's Bad Week Just Got a Lot Worse Chris Wallace Takes Apart Mick Mulvaney Former Acting U.S. Solicitor General: Mulvaney Admitted to ‘Textbook Definition of Impeachable Offense’
(DBN)

Eric Trump’s false claim that the Trump family ‘got out of all international business’
(DBN)

Mark Esperanto? Trump misnames his defense secretary in tweet
(DBN)

A new book uncovers fresh allegations of the president’s inappropriate behavior
(DBN)

25,000 Attend Bernie Sanders Rally
(DBN)

Trump reversed course on G-7 after learning that Republicans were tired of defending him ‘Surprised’ Trump Kills Plan to Promote Doral Resort With G7 After Criticism, Trump to Select New Location for G7
(DBN)

Jim Mattis roasts Trump in keynote speech: "I earned my spurs on the battlefield. Donald Trump earned his spurs in a letter from a doctor"
(DBN)

Lindsey Graham calls Trump an "equal opportunity abuser"
(DBN)

Mitt Romney agrees with "most" of Trump's actions as president Mitt Romney asked about the dumbest things Trump has done Mitt Romney: Trump did some "not honorable" things Mitt Romney’s Trump indictment Mitt Romney: Republicans keep quiet on Trump because they fear Elizabeth Warren Mitt Romney Says He's Behind 'Pierre Delecto' Twitter Account If Report Is True, Then Mitt Romney Liked Tweet About Removing Trump Using 25th Amendment
(DBN)

Elizabeth Warren's and Bernie Sanders' 'free' college idea would be a disaster for international students
(DBN)

Warren promises to release Medicare for All funding plan soon After weeks of criticism, Warren says she will release a plan to pay for Medicare-for-all
(DBN)

The situation in Syria, explained in 30 seconds Lindsey Graham: Trump made biggest mistake of his presidency Mitt Romney learned about Trump's betrayal of Kurds on Twitter State Department circulates talking points contradicting Trump on Syria Fighting eases after flare between Turks and Kurds in Syria Kurdish forces withdraw from key town as part of cease-fire with Turkey Syria Critic Lindsay Graham Reverses Course Syrians Picket Retreating US Troops Petraeus Slams Trump's Syrian Withdrawal Syrian Family Feels Betrayed by US Leaving Experts: Erdogan Got the Best of Trump
(DBN)

FactCheck Trump: Troops Coming Home
(DBN)

Democratic challengers outpace vulnerable GOP senators in Q3 fundraising
(DBN)

How social media rules give politicians a free pass to lie
(DBN)

‘Texodus’ Bodes Badly for Republicans
(DBN)

Man Uses Bear Repellent on Trump Protesters
(DBN)

Trump Issuing More EOs Than Obama Did Trump bashed Obama for executive orders, but his own record is basically the same
(DBN)

Ex-Mossad Chief: Russia Choose Trump
(DBN)

____________

Travel:

The new longest flight in the world just landed after nearly 20 hours in the air
(DBN)

____________

Coal:

Gov. Justice still guides billion-dollar business empire, even though he said he wouldn't
(DBN)

Illinois Basin coal market faces uncertainty with low gas prices, rationalization
(DBN)

The Winding Road From Coal To Code
(DBN)

Democrats seeking votes in Trump country tout miners’ benefits
(DBN)

____________

Investment Managers:

James Dondero's No-Holds-Barred Highland Embraced Bankruptcy
(DBN)

____________

Hotels:

Hotels: Occupancy Rate Decreased Year-over-year
(DBN)

____________

Transit:

US Transit Ridership is Plummeting
(DBN)

____________

 


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 (280 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)

______________

Avoidance Actions:

The Third Circuit Determines That New Jersey Tax Foreclosure Is Subject To Bankruptcy Preference Avoidance
(DBN)

Texas Homestead Gets Constitutional Protection From Fraudulent Transfer Claim In Lapides
(DBN)

Madoff Trustee Loses Bid to Recover $343M From Citi in Clawback Suit
(DBN)

____________

Miscellaneous:

Rochelle
(DBN)

____________

Tax:

$4M Refund Belongs To Bank, Not Parent, FDIC Tells Justices
(DBN)

____________

Litigation:

Get To The Point ASAP
(DBN)

____________

Discharge:

Willful and Malicious Standard Encompasses Alienation of Affections
(DBN)

____________

UCC:

Seventh Circuit Reaffirms Notice Principle of UCC Financing Statements
(DBN)

____________

Autos:

Tesla has always struggled to build cars. Now that critical fundamental is really hurting its business.
(DBN)

G.M. Workers Begin to Size Up the Deal Their Union Is Selling G.M. Contract Terms May Be a Tougher Fit for Its Rivals UAW got a good deal from GM, labor leaders, experts say Union deal lets GM avert cash woes of its past If You Thought Strike Was Bad for GM, Look at Ford and Chrysler
(DBN)

How Much Is GE Shortchanging Pensioners Taking Lump Sums? Use Our Calculator
(DBN)

Judge shuts down Reagor Dykes request for more time to make a plan
(DBN)

____________

Education:

Cleveland company files for bankruptcy, owes millions to schools across Ohio and US
(DBN)

____________

Student Debt:

Sallie Mae employees enjoy free trip to Maui amid $1.6T student loan crisis
(DBN)

If you're planning on taking out a private student loan, the 'riskier' interest rate option may be the better one
(DBN)

____________

Religion:

Americans are increasingly shedding their religious affiliations The coming end of Christian America
(DBN)

____________

Metals:

Nickel Relives The Failed Attempt By The Hunt Brothers To Corner Silver
(DBN)

____________

Fraud:

Pay Attention to This Case If You’re Curious About Lori Loughlin’s Fate in ‘Operation Varsity Blues’ Lori Loughlin Maintains Her Innocence, But Wants Felicity Huffman to Tell Her About Prison Life Just in Case: Source
(DBN)

____________

Utilities:

PG&E plans more power cutoffs, warns of severe weather this week PG&E, under siege after mass power shut-offs, stands its ground ‘This Is Not Hard’: PG&E Gets an Earful Over Its Blackout California Utilities Warn of Power Cuts on Risk of Wildfire PG&E to California: Maybe You Should Decide On the Next Blackout
(DBN)

Utility Expert Claims PG&E Blackouts Are ‘All About Threatening the Judge’ in Bankruptcy Case
(DBN)

California wildfire compensation deadline looms, 70,000 victims may miss out on payments
(DBN)

While Wall Street Fights Over PG&E, Fire Victims Are Living in Trailers
(DBN)

____________

UK:

Michael Gove insisted the UK will leave the EU by its original October 31 deadline
(DBN)

Boris Johnson to seek a new vote Monday on his Brexit deal, as confusion swirls over exit delay UK’s Johnson asks for Brexit delay, but argues against it Sterling pushes higher amid optimism over delayed Brexit vote
(DBN)

Nigel Farage says Brexit extension would be better than Boris Johnson's deal
(DBN)

Britain’s coastal towns see highest rates of bankruptcy despite rise in staycations
(DBN)

Canary Islands holiday crisis amid fears 500 hotels popular with Brits could go under following Thomas Cook collapse
(DBN)

Jewellery maker Links Of London's administration leads to 38 job losses
(DBN)

____________

EU:

Effect of EU preventive restructuring directive on Belgian insolvency framework
(DBN)

____________

Canada:

Not Every Vote Matters: Non-Arm’s Length Parties During Proposals Under the Bankruptcy and Insolvency Act
(DBN)

____________

China:

China's economy grows at slowest pace since 1992 IMF: China Growth Could Fall Below 6% in '20
(DBN)

Many firms in China's third-biggest province struggling to pay debt - S&P
(DBN)

____________

Hong Kong:

Hong Kong descends into chaos again as protesters defy ban Hong Kong activists wear Joker and Winnie-the-Pooh masks as they form human chains in defiance of ban on face coverings
(DBN)

____________

MENA:

New 'Bankruptcy and Insolvency Law' to be implemented in Oman in 2020 Bankrupt firms, individuals need to repay their creditors in Oman
(DBN)

Hundreds of thousands take over streets as Lebanon's protests grow Lebanon's Hariri agrees to reforms amid nationwide protests over economic crisis Lebanon Heads for Showdown as Reform Vows Fail to Quell Revolt
(DBN)

When Iran Welcomed Jewish Refugees
(DBN)

____________

Chile:

Chile extends state of emergency as protest death toll hits seven
(DBN)

____________

India:

Uncertainity of one case does not reflect true efficiency of IBC
(DBN)

____________


The Daily Bankruptcy News is primarily a curated news link gathering service.   Most of the headlines contained in the publication are a collection of links to stories posted on the Internet by various third party publications.  Such content is owned by third party sources, not The Daily Bankruptcy News, and in some cases, these links change or expire, which means you may not be able to view some news stories in prior editions of the Daily Bankruptcy News. The DBN subscription fee is not a fee for access to the content of the links, but is a charge for the considerable work involved in gathering, organizing and presenting the links. Use of this site and The Daily Bankruptcy News is subject to our Terms of Use. If you received The Daily Bankruptcy News via email (and you have a paid subscription account), to view a news story, click on the headline, and the story should open in your web browser. To view additional stories, click back to the email and click on additional headlines, which will cause new stories to open in your web browser.  You can view the most recent edition of The Daily Bankruptcy News on the web at BKInformation.com.

Advertising
Advertising is available in The Daily Bankruptcy News. Click here for details  Feel free to contact us with any questions.

Passwords/Subscriptions
Access to certain links in The Daily Bankruptcy News is available only to readers holding a paid service subscription. These links are currently marked with a "DBN" notation. The cost of a subscription is $66.50/year, payable annually.  Volume discounts are available for sites with multiple users. Click here to see a schedule of discounts. Complimentary subscriptions are available for full-time educational and governmental employees and for full time students. For information about discounts or educational/governmental subscriptions, contact us by clicking here. A separate password is required for each member of a firm wishing access to restricted links.

New readers can receive a free password good for 30 days by clicking here. 30-day passwords are not available to readers who have previously had a password, even if the password was associated with a different email address used by the reader. Refunds are not available after purchase.

Readers who wish to change their passwords should click here. Readers who have forgotten their password should click here.

Adding Your Email Address To The Distribution List
If you would like to start receiving The Daily Bankruptcy News by email each day, click here, and fill in the information requested. There is no charge to be placed on the distribution list to receive the headlines, although access to many of the links behind the headlines requires a paid subscription (see above, under Passwords). If, after adding your email address to the distribution list, you do not receive an email confirming the addition, please contact us by clicking here for help.

Removing Your Email Address From The Distribution List
If you already receive The Daily Bankruptcy News by email and you wish to remove your email address from the distribution list, click here and send the email that should appear. You do not need to type anything in the body of the email message. Note that the email asking for removal must be sent from the same email address which is on our distribution list. If you do not receive an email confirming deletion of your email address from the distribution list, contact us by clicking here for help.

If receive the publication forwarded from an older email address, you will need to contact us as described below for help removing that older address from our distribution list.

Press Releases/News Tips
Please send press releases and news tips to admin@bkinformation.com

Contact Us
The Daily Bankruptcy News is published each business day by BKINFORMATION.COM, L.L.C. You can phone or text us at 281-402-3957. You can email us at accounting@bkinformation.com (email inquiries are usually answered substantially more quickly than phone inquiries). Our mailing address is 935 Eldridge Road, No. 350, Sugar Land, Texas 77478.

Copyright 2019