October 23, 2019

The Daily Bankruptcy News

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Law:

A second former managing partner leaves Irell & Manella as firm shrinks
(DBN)

Biglaw Firm To Punish Partners With Stiff Financial Penalties For ‘Bad Behavior’
(DBN)

Is Lateral Hiring a Diversity Blindspot for Big Law?
(DBN)

Second woman files EEOC charge against ex-DLA partner; possible pervasive retaliation alleged Second Woman Accuses Former DLA Piper Partner Of Inappropriate Behavior
(DBN)

Former state bar employee is charged with stealing lawyer identity information
(DBN)

Orlando Attorney Is Having A Hell Of A Hangover
(DBN)

Everything You Need To Know About Biglaw Parental Leave
(DBN)

Judge sets retrial date for Katherine Magbanua in Dan Markel killing
(DBN)

Court of Appeals Grants New Murder Trial Based on Juror's Text Messages
(DBN)

Manhattan D.A., Trump lawyers strike deal to speed fight over Trump tax returns to Supreme Court
(DBN)

Trump Handed Awkward Defeat by Heavily Criticized DOJ Office of Legal Counsel
(DBN)

One Day After Trump Called Emoluments Clause 'Phony,' Court Sets Hearing in Emoluments Case Against Him
(DBN)

'I'm in charge of the Hatch Act': Trump lashes out at chief of staff over potential ethics violations, report says
(DBN)

Roger Stone's Plea for Social Media Comeback Fails at Appeals Court
(DBN)

American workers say #MeToo movement won't change workplace culture
(DBN)

Pennsylvania lawmakers want to ban abortion before many people know they’re pregnant
(DBN)

A new poll finds strong support for the Supreme Court ending LGBTQ discrimination
(DBN)

Woman breaks into house, curses homeowner and steals his toilet paper
(DBN)

Mexico's Immigration Problem Used to be Us
(DBN)

Documents Show U.S. Military Allowed To Shoot At Moving Vehicles At U.S.-Mexico Ports Of Entry
(DBN)

7 facts about guns in the U.S.
(DBN)

5 facts about crime in the U.S.
(DBN)

Connecticut College Students Charged With Violating State Law Prohibiting ‘Ridicule’ after Using Racial Slur
(DBN)

An Ernst & Young seminar reportedly suggested women have small brains and said they should avoid talking to men face-to-face Ernst & Young training seminar told women not to "flaunt" bodies
(DBN)

Cop Raped Woman in Custody, Got 90 Days
(DBN)

Why New York City DAs Offer Art Class In Lieu of Court
(DBN)

Lawyers argue Happy the elephant should have the same rights as humans
(DBN)

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Judges:

BK MD FL: Court Connection Newsletter
(DBN)

Honorable Janice Loyd Appointed to the 10th Cir. Bankruptcy Appellate Panel Honorable Michael E. Romero Reappointed to the 10th Cir. Bankruptcy Appellate Panel Honorable Robert H. Jacobvitz Reappointed to the 10th Cir. Bankruptcy Appellate Panel Honorable Tom R. Cornish Reappointed to the 10th Cir. Bankruptcy Appellate Panel
(DBN)

Motion accuses judge of ‘partisan glee’ after $8B Risperdal verdict
(DBN)

Recent polls show confidence in Supreme Court, with caveats
(DBN)

4 Pointers For Professional Success — From Justice Sonia Sotomayor
(DBN)

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Wall Street:

US futures point to flat open
(DBN)

Asian stocks follow Wall Street lower after mixed earnings
(DBN)

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Layoffs:

Pennsylvania factory layoff foreshadows Trump 2020 troubles
(DBN)

WeWork reportedly delayed layoffs because it's short on cash
(DBN)

McAfee will lay off 107
(DBN)

Krugman: The automation obsession is an escapist fantasy
(DBN)

Amazon’s new fulfillment center in Garner will place emphasis on robots Robots aren’t taking warehouse employees’ jobs, they’re making their work harder
(DBN)

And So It Begins: Google Claims a Quantum Breakthrough That Could Change Computing
(DBN)

U.S. companies facing worker shortage race to automate
(DBN)

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Politics:

Trump calls impeachment inquiry a 'lynching' as cracks emerge in Republican lawmakers' support for him Biden apologizes for calling Clinton probe a "partisan lynching" At least five House Democrats called Bill Clinton's impeachment a 'lynching' in 1998 What they're saying: D.C. reacts to Trump's "lynching" tweet McConnell Hits Trump for Lynching Comment Lindsey Graham defends Trump and incorrectly says impeachment 'is a lynching in every sense' and 'un-American' Sen. Lindsey Graham, Who Defended Trump’s ‘Lynching’ Tweet, Is from County Where South Carolina’s Last Actual Lynching Occurred Democrats see impeachment proceedings taking longer than some initially expected William Taylor testifies about deep-seated push for Ukraine quid pro quo Top diplomat Bill Taylor gave 'disturbing,' 'explosive' testimony on Trump's Ukraine dealings, Democrats say Who is Bill Taylor? 6 Critical Points in Taylor Opening Statement Taylor's Testimony Should be Game Over William Taylor Delivers the Smoking Gun Quid pro quo, spelled out Trump Tied Ukraine Aid Directly to Probing Biden, Envoy Says White House slams testimony as 'triple hearsay' Diplomat: Aid withheld until Ukraine OK’d probe Do Americans Support Impeaching Trump? With Impeachment Looming, Trump Is Threatening to Sue ‘Everybody Who Pisses Him Off’ Mitch McConnell Suggests Trump Lied, Claims He Never Spoke to President About Ukraine Call McConnell denies Trump claim that he called Ukraine call "innocent" The Trump Impeachment Inquiry: Coming Soon To A Television Near You Democrats could tie paychecks to testimony in impeachment inquiry We Asked Every GOP Senator About Impeachment. Seven Ruled It Out
(DBN)

All time high: 50% in poll want Trump impeached, removed
(DBN)

High Profile Indicted Rudy Giuliani Client Now Out on Bond: 'God Is with Me' Prosecutors suspect ties between Ukrainian gas tycoon, Giuliani associates
(DBN)

'Pilfered from His Clients’: Trump Inaugural Committee Donor Agrees to Plead Guilty to Multiple Federal Crimes
(DBN)

The Unraveling of Mick Mulvaney Trump Floats Mulvaney Replacements Including Mnuchin and Conway
(DBN)

How Jim Mattis, “iced out” and blindsided by Trump, finally concluded the president was weakening the nation
(DBN)

Trump's new reality: the daily dump
(DBN)

Trump campaign mulls facial recognition at rallies to analyze supporters
(DBN)

Trump’s Multiple Crises Are Testing Even Mitch McConnell’s Support
(DBN)

Trump’s G-7 Scheme Was a Logical Endpoint of the Imperial Presidency
(DBN)

Adam Schiff is Democrats' Ken Starr
(DBN)

Trump sends Netanyahu birthday letter calling him "one of my closest allies"
(DBN)

How Trump's falling behind in 4 battleground states
(DBN)

Fox News: Trump Not Putting America First
(DBN)

Former GOP Strategist Says Trump's Syria Retreat Tells America's Rivals 'Now Is the Time to Make Your Move' US Syria Envoy Didn't Know of Withdrawal McConnell introduces resolution opposing US withdrawal from Syria Turkey and Russia agree to Syria buffer zone cleared of Kurdish forces ISIS Reaps Gains of U.S. Pullout From Syria Graham and Fox News expert showed Trump a Syria map to change his mind What Trump gets wrong about war against the Islamic State Iraq says U.S. troops leaving Syria can't stay in Iraq Iraq gives U.S. troops from Syria four weeks in the country before they must leave Trump has sent 14,000 troops TO Middle East since May
(DBN)

To End Our Forever Wars, Bring Back the Draft
(DBN)

Trump's willingness to listen to dictators has spiraled into a crisis that could upend his presidency
(DBN)

Elizabeth Warren's 2020 ascent sends ripples through Big Oil If Sen. Elizabeth Warren wants to earn the Latino community's vote, she has more work to do
(DBN)

Democrats see weak spots in their own 2020 prospects Anxious Democratic Establishment Asks, ‘Is There Anybody Else?’
(DBN)

Trump donor hosting Romney fundraiser
(DBN)

Trump 'like a squirrel caught in traffic' during Pentagon meeting: Aide
(DBN)

Majority of Americans Think Immigrants Should Adopt the Established U.S. Culture: Poll
(DBN)

Princeton Seminary to pay $27 million in reparations
(DBN)

Krugman: Can Warren Escape the Medicare Trap?
(DBN)

Tennessee county commissioner unloads on white rights, 'queer running for president'
(DBN)

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Retailing:

Destination Maternity files for Ch. 11, plans to close nearly half its stores
(DBN)

3 maternity clothing chains could be heading toward bankruptcy
(DBN)

RILA's incoming president talks trade, antitrust and 2020 priorities
(DBN)

Nordstrom Bets On A Big NYC Store As Other Retailers Close Across U.S.
(DBN)

Gander Outdoors, Pier 1, Forever 21 headed to bankruptcy? Use gift cards now
(DBN)

The return of Gump’s: After bankruptcy, new owners test out a second act
(DBN)

More than 17 years in the making, American Dream megamall's story was shaped by retail's upheaval
(DBN)

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Pensions:

PBGC Takes Over Bankrupt Verity Health System’s Pension Plans
(DBN)

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Utilities:

Blackouts possible again as fire danger looms in California Blackout Round 2? Californians brace for possible outage
(DBN)

California Braces For More Power Outages Amid Possible PG&E Buyout
(DBN)

PG&E Judge Calls Dearth Of Wildfire Claims 'Heartbreaking'
(DBN)

3 key solutions to California’s wildfire safety blackout mess
(DBN)

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Mass Torts:

Johnson & Johnson to recall 33,000 bottles of baby powder after asbestos found
(DBN)

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Banking:

Banks Must Act Now Or Risk Becoming A ‘Footnote’: McKinsey
(DBN)

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Economy:

The IMF Warns About Rising Regional Inequality
(DBN)

Chamber of Commerce head acknowledges shortcomings of capitalism in speech
(DBN)

Trouble Brews for American Companies That Gorged on Cheap Credit
(DBN)

Warren Steps Into Repo Turmoil, Asks Mnuchin for Answers
(DBN)

Traders now see Fed cut next week as a near-certainty
(DBN)

The Longer-Term Lessons of the Repo Turmoil
(DBN)

Cities see signs of recession on the horizon
(DBN)

Richmond Fed: "Manufacturing Activity Strengthened in October"
(DBN)

Falling profit margins raise some alarm: ‘It can be a precursor to layoffs and a recession’
(DBN)

Man who rang the alarm as the Fed lost control of a $2 trillion market says central bank hasn’t done enough to avoid another rate spike
(DBN)

No. 1 Economy-Affecting Trend for the Next 30 Years
(DBN)

The World Economy Explained in 10 Visualizations
(DBN)

The World’s 20 Most Profitable Companies
(DBN)

Poll: 27% of Americans say a recession is coming next year
(DBN)

Almost Half of Americans Say Trump Is Making Recession More Likely as President Falsely Glorifies Economic Record
(DBN)

No recession? Thanks, millennials!
(DBN)

US consumers are alive — Here's proof there is no recession
(DBN)

Yelp Data Show a Tepid U.S. Economy as California Cities Falter
(DBN)

Comparing the assets of the rich, poor, and middle class
(DBN)

Protesters Are United by Something Other Than Politics
(DBN)

Zuckerberg will push cryptocurrency as remedy for inequality
(DBN)

Face-scanning algorithm increasingly decides whether you deserve the job
(DBN)

Hasbro finds nothing fun in trade war, shares plunge What the U.S.-China Trade War Means to the Port of Long Beach Trade War Fears Ripple Through Wind Energy Industry’s Supply Chain Machinery makers face a continuing trade war threat China to use ‘legitimate’ WTO retaliatory tariffs as ‘bargaining chips’ in US trade war negotiations Senior Chinese Diplomat Reiterates That U.S. Forced Trade War on China Local Economies Don't Falter Despite Trump's Trade War and Federal Reserve Deliberations, Yelp Data Finds Thai Tourist Hotspots Being Impacted by US China Trade War Cheap Brazil Beans Threaten to Derail China’s Return to U.S. Soy Trade tensions weigh on Texas Instruments revenue forecast Trump Says China Signals Trade Talks On Target For November Deal
(DBN)

6 charts show how the trade war and the GM workers strike have hit the US economy
(DBN)

Economists on the Run Over Globalization
(DBN)

Schumer: Democrats will try to overturn tax deduction cap
(DBN)

Caterpillar's 'earnings recession' points to more bad news for world economy Caterpillar's stock rallies, defying 6-quarter streak of disappointing earnings reports
(DBN)

Income Percentile by Age Calculator for the United States in 2019
(DBN)

1,160 CEOs Have Exited in 2019
(DBN)

Season of discontent: protests flare around the world
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Will the housing market continue to prop up the US economy?
(DBN)

Weekly mortgage applications tank 12% as interest rates jump
(DBN)

Regulator says government will ‘wipe out’ Fannie Mae and Freddie Mac shareholders if needed
(DBN)

NAR: Existing-Home Sales Decreased to 5.38 million in September Comments on September Existing Home Sales
(DBN)

California’s Coming Rent Control Law
(DBN)

Home prices are overheating again, causing buyers to turn away
(DBN)

NMHC: Apartment Market Tightness Index indicates tighter conditions in October
(DBN)

SoftBank, WeWork's largest investor, will reportedly take control of the company — and Adam Neumann will take home nearly $1.7 billion SoftBank takes 80% ownership of WeWork, announces $5 billion in new financing package How SoftBank plans to save WeWork WeWork Needed a Bailout—But Adam Neumann Still Leaves a Billionaire Some WeWork employees say they're outraged by the terms of SoftBank's bailout — especially after learning Adam Neumann will walk away with a $1.7 billion package As Bad as WeWork Is, It Could Get Even Worse Days before bailout, WeWork founder scrambled for $100M loan The WeWork mess, explained WeWork’s $47 billion valuation was always a fiction created by SoftBank
(DBN)

Palm House sold, but its longtime legal troubles keep churning
(DBN)

As malls struggle with retail, more are embracing alternative occupants
(DBN)

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Municipalities:

Puerto Rico Officials Reject Proposal to Cancel Some Debt
(DBN)

Debt cancellation proposal for Puerto Rico flounders at congressional hearing
(DBN)

The agency anticipates the island's recovery is not advancing due to a reduction in federal funds and no improvements in the business climate
(DBN)

Carson defends HUD for knowingly stalling Puerto Rico hurricane relief funds
(DBN)

Puerto Rico House votes to resist pension cuts
(DBN)

Proposed PROMESA amendments unlikely to derail Title III reorganization
(DBN)

Elizabeth Warren calls for 'everyone in America' to support Chicago teachers strike
(DBN)

Chicago Investors Want Mayor to Bolster Finances Beyond 2020
(DBN)

Will the school takeover help Providence avoid bankruptcy?
(DBN)

Mapped: The World’s Top 10 Cities in 2035
(DBN)

New Jersey's only option for federal help on pensions likely to be a PROMESA-style bankruptcy, expert says
(DBN)

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Oil/Gas:

Shale Slump: Oil field service sector braces for more pain
(DBN)

Chevron Sees ‘Boom Boom Boom’ Permian Despite Signs of Slowdown
(DBN)

Houston-based energy co. reaches bankruptcy deal to cut billions in debt
(DBN)

OPEC, allies to mull deeper oil cut amid worries over demand growth
(DBN)

McDermott International Secures An Expensive Lifeline The 'One McDermott Way' Might Still End In Bankruptcy Court
(DBN)

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Travel:

An Air France flight was forced to turn back in midair when staff found an unattended cellphone that wasn't claimed by any of the passengers
(DBN)

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Fraud:

What the Latest Guilty Pleas May Mean for Lori Loughlin in 'Operation Varsity Blues' Lori Loughlin and several other parents are now facing additional charges of bribery in the college admissions scandal
(DBN)

Two enter guilty pleas in what federal prosecutors call $2.5 billion Ponzi scheme with solar company Two Plead Guilty in Solar Energy Ponzi Scheme
(DBN)

Judge rules ex-Deutsche Bank traders can be prosecuted under wire fraud law for alleged ‘spoofing’
(DBN)

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Education:

The End Of College Is Coming
(DBN)

Stalking Horse Bid Approved for College of New Rochelle
(DBN)

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Student Debt:

Student Loan Refinancing Just Got Crazy Cheaper
(DBN)

Where Student Loan Debt Hits the Hardest – 2019 Edition
(DBN)

Student Debt Not Just a Millennial Problem
(DBN)

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Autos:

GM Strike Vote Is Going Down to Wire as One UAW Local Rejects Deal End of GM strike still uncertain, despite tentative labor deal Why the deal for striking GM workers is hardly a victory
(DBN)

September auto defaults rise to highest point so far in 2019
(DBN)

Faraday Sees $850 Million Fundraise Sidestepping Founder’s Woes
(DBN)

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Religion:

UT: Mormon Bishop Charged With Possession of Child P--- in Utah, Refuses Polygraph Test
(DBN)

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Aviation:

737 Max: Boeing's Problem Child
(DBN)

Boeing revelations could cost shareholders $53 billion
(DBN)

Boeing Ousts Top Executive as 737 Max Crisis Swells
(DBN)

Boeing knew for 'some months' about the dangers of the 737 Max, officials said
(DBN)

S&P cuts Boeing outlook to 'negative' on fresh 737 MAX concerns
(DBN)

Boeing CEO to Testify in Senate on Anniversary of 737 Max Crash
(DBN)

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Climate:

Rising Drought Risk Spurs Most Cash Into Water Funds in a Decade
(DBN)

ExxonMobil's climate accounting goes on trial Landmark climate trial turns on whether Exxon cooked the books
(DBN)

Fossil Fuel Execs Lied to the Public About Climate Science for Years
(DBN)

Renewable energy is booming. But it's not growing fast enough to fight climate change
(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 (18 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (26 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:

 

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Automatic Stay:

Third Circuit Reinstates Action Over Stay Violation in Investment Management Company's Bankruptcy
(DBN)

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Bankruptcy Reform:

Narrow Bankruptcy Reforms Make Big Changes for Small Business, Vets, Farmers
(DBN)

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Bankruptcy Remoteness:

Corporate Governance, Bankruptcy Waivers and Consolidation in Bankruptcy
(DBN)

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Lehman:

To Scheme or not to Scheme: the Key Issues Considered to Sanction the LBIE Scheme of Arrangement
(DBN)

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Bankruptcy Research:

Bankruptcy and teams
(DBN)

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Bankruptcy Crimes:

Farmer pleads guilty to crop insurance, bankruptcy fraud
(DBN)

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Taxis:

Only 1% of passengers always tip their Uber drivers, a new study of 40 million rides found
(DBN)

Uber Driver Accidentally Shoots Teen Rider
(DBN)

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Healthcare:

911 calls unanswered, hospitals closing: Rural America's medical services are drying up A growing emergency medical services problem in rural America
(DBN)

Mental health hospital’s sudden collapse: ‘It was just mismanagement’
(DBN)

Nearly 900 women's health clinics have lost federal funding over gag rule
(DBN)

U.S. Private Equity-Backed Health Care Buyouts by Dollars Invested
(DBN)

Private equity maximized profits while sick children were neglected
(DBN)

Top U.S. "Non-Profit" Hospitals & CEOs Are Racking Up Huge Profits
(DBN)

Stop fearmongering about 'Medicare for All.' Most families would pay less for better care.
(DBN)

ACA premiums are going down as competition increases
(DBN)

Conservative Republicans unveil Obamacare replacement "plan"
(DBN)

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Pharma:

Two counties settle opioid lawsuit, halting trial, but global deal still elusive
(DBN)

Nancy Pelosi’s drug pricing plan passes to House floor for full vote this month
(DBN)

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Toys:

Hasbro hit hard by tariffs just before the holidays
(DBN)

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Cloud Tech:

Pareteum Finally Admits To Inflating Results - Bankruptcy Might Be In The Cards Now
(DBN)

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Celebs:

Trick Daddy Dollars Reportedly Files For Bankruptcy Where the Dollars At? Trick Daddy Files For Bankruptcy, Claims $0 USD In His Checking Account
(DBN)

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Coal:

Sale of mines to ESM has former Blackjewel workers considering new offers
(DBN)

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Agribusiness:

How a major U.S. farm lender left a trail of defaults, lawsuits
(DBN)

White House Sides With EPA Over USDA, Farmers in Biofuel Deal
(DBN)

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Corporate Reform:

The Supreme Court Is Poised to Strike Down a Major Obama-Era Agency
(DBN)

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Ticketing:

Bankruptcy filing shows Home Team Marketing owed more than $10M to 2,000-plus creditors
(DBN)

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Mining:

US copper workers strike after decade with no pay rise
(DBN)

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Food/Beverage:

6 ailing Burger Kings shuttered across Charleston
(DBN)

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UK:

MPs take aim at auditors over Thomas Cook Questions over PwC’s Thomas Cook dual role
(DBN)

Begbies makes fourth acquisition this year
(DBN)

Seaside towns dominate top 20 bankruptcy list
(DBN)

Britons Souring on Leadership as Brexit Drama Drags On
(DBN)

PM aims to push Brexit bill through in three days
(DBN)

Junker: Brexit Was a Waste of Time, Energy
(DBN)

EU to rule on Brexit extension as UK faces possible election
(DBN)

Betrayal, Jealousy and Cliff Edges: Johnson’s Brexit Minefield
(DBN)

Deal or no deal – UK Businesses are not ready for Brexit
(DBN)

Johnson Threatens to Pull Deal and Seek Election
(DBN)

British government loses key vote on Brexit timetable Brexit in limbo as Boris Johnson wins 1 vote, loses another
(DBN)

Brexit deal: NI firms must declare goods heading to rest of the UK The price Northern Ireland will pay for UK's new Brexit deal
(DBN)

UK government borrowing up by a fifth over past six months
(DBN)

No-deal more likely if lawmakers reject Brexit timetable vote: Johnson's spokesman
(DBN)

KPMG launches plan to cut £100m in costs
(DBN)

Prince Andrew and Jeffrey Epstein Ties Remain Uninvestigated by London Police: 'You Don't Take on the Royal Family Lightly'
(DBN)

British police launch murder investigation after discovery of 39 bodies in a container
(DBN)

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Canada:

What is the scope of relationship to consider for an alleged transfer at undervalue?
(DBN)

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Turkey:

New Financial Restructuring Framework Agreement for SMEs
(DBN)

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Venezuela:

With Citgo’s Future on the Line, U.S. Prepares 11th-Hour Rescue
(DBN)

Venezuelans buy gas with cigarettes to battle inflation
(DBN)

Russia Attempts To Take Over Venezuelan Oil, Creating A Challenge For The U.S.
(DBN)

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MENA:

Keeping up with the Joneses: In bold cross-border move, the DIFC enacts new insolvency law
(DBN)

Lebanon’s Debt Plan Delays Day of Reckoning, But for How Long?
(DBN)

New Middle East: US Military, Russia Diplomacy, Chinese Money
(DBN)

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Hong Kong:

A Polarized City, Mirrored in Its Diaspora
(DBN)

Hong Kong government withdraws bill that sparked protests
(DBN)

Beijing reportedly developing plan to replace Hong Kong’s leader by March
(DBN)

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South Africa:

South African Lawmakers Approve $4 Billion Bailout For Eskom
(DBN)

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China:

Why China isn’t cutting lending rates like the rest of the world
(DBN)

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