October 28, 2019

The Daily Bankruptcy News

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Law:

Biglaw Partner’s Reply-All Snafu Reveals Insensitive Comments
(DBN)

Jones Day Women Point to Managing Partner’s ‘Totalitarian Grip’
(DBN)

Carlton Fields Adds Bankruptcy Litigator in Tampa
(DBN)

What a Four-Lawyer Team's Move From Cleary Says For the Firm and Lockstep Models
(DBN)

This Law School May Be Gone, But Its Legacy Lives On
(DBN)

The Law School Journey: A Tale In Four Images
(DBN)

Massive Bar Exam Screw-Up Leaves Law School Graduates In Panic
(DBN)

Freshfields Hires Cleary’s Klingsberg in Push for U.S. M&A
(DBN)

Couples says law firm pressured them into paying for bankruptcy counseling
(DBN)

House Democrats say the Justice Department is orchestrating 'political revenge' for Trump amid reports it is opening a criminal investigation into the Mueller probe Comey confident Barr's findings on him, Russia investigation will restore confidence in DOJ
(DBN)

The President’s Lawyers Are Making a Dangerous Argument for Presidential Immunity
(DBN)

What I’ve Learned Staking Out Trump’s Washington Hotel President Trump's controversial Washington, D.C., hotel is for sale
(DBN)

NYC Mayor To Trump’s Lawyer: ‘You Should Not Be A Lawyer’
(DBN)

How Obama’s border enforcer is fighting Trump at the Supreme Court
(DBN)

Doc convicted of murder gets new trial because of juror’s texts and an attempt to hide them
(DBN)

Off-duty Dallas police officer accidentally shoots son after mistaking him for intruder
(DBN)

Woman, 78, gets 22 years for attempted murder of lawyer 78-year-old Louisiana woman sentenced for trying to kill her lawyer
(DBN)

'There’s Something Very Sick Going On': Lawyer Got Death Threats From Infowars Fans
(DBN)

He dropped the gun, walked out of the house and put his hands up. Then an officer shot him five times.
(DBN)

Boots to Suits: The Path from JAG Corps to Big Law and Beyond
(DBN)

Tree of Life massacre: A year later, US Jewish communities still facing 'significant threats'
(DBN)

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Judges:

Bankruptcy Judge's Testimony OK In Disbarment, Texas Justices Say
(DBN)

Longtime prosecutor is fired after judge finds him in contempt for alleged disrespect
(DBN)

Fourth Circuit Latest in Judiciary to Review Harassment Policy
(DBN)

District Judge in Conn. Recuses Self in Wrongful Arrest Case
(DBN)

'Crisis of confidence': John Roberts' impeachment role prompts recusal rumblings
(DBN)

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Wall Street:

US futures point to slightly higher open
(DBN)

Stocks Close Higher on U.S. China Trade Progress
(DBN)

'The article should've been written in crayon': Exchange boss hits out at Vanity Fair article claiming traders made billions off stock bets timed to Trump comments
(DBN)

Average Wall Street salary dropped to $399,000 last year
(DBN)

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Layoffs:

Blackjewel Miners Get More Of Their Pay As Labor Department Acts Against Bankrupt Company
(DBN)

One of America’s largest trucking companies is quietly closing a Pennsylvania warehouse and will lay off dozens
(DBN)

WeWork's new chairman says the thousands of employees soon to be laid off are 'taking one for the team'
(DBN)

With massive debt looming, Acorda to lay off about 120 in restructuring
(DBN)

MLGW proposes cutting 400 workers
(DBN)

Alliance Data Systems Corp. cut 300 jobs in its credit card services division
(DBN)

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Politics:

Elizabeth Warren’s Days Defending Big Corporations Elizabeth Warren has become a litmus test for who on Wall Street knows what America is and who does not What an Elizabeth Warren presidency would mean for stocks The Warren-Sanders turning point
(DBN)

Joe Biden is the least formidable front-runner ever. Will it matter? ‘We’re Asking You to Dig Deep’: Biden Seeks to Steady Finances as Allies Fret Key takeaways from Biden's "60 Minutes" interview Biden says Kushner not qualified for White House role
(DBN)

Tlaib endorses Sanders, the third 'Squad' member to do so
(DBN)

Electoral College Map Based on Trump's Job Approval Ratings Looks Good for Democrats
(DBN)

Trump, at Game 5 of World Series, roundly booed by crowd, fans yell 'lock him up' Trump met with boos and impeachment protest at World Series in D.C.
(DBN)

Pence denies Ukraine quid pro quo despite testimony from top officials Schiff: John Bolton is a "very important witness" in impeachment inquiry Waiting for Bolton: A Capital Speculates on What He Will Say Don’t Bet on John Bolton to Be an Impeachment Hero Trump's strategy shifts as efforts to stymie probe fail House issues subpoenas to two OMB officials in impeachment inquiry Official who defended Ukraine envoy testifies State official testifies he was disturbed by effort to oust Ukraine ambassador Top State official details chaos after Yovanovitch ouster to impeachment investigators Impeachment Witnesses Leave Clues U.S. lawmakers hear from 'corroborating' witness in Trump impeachment probe Impeachment Panels Threaten Contempt If Official Defies Subpoena Former White House national security adviser unlikely to testify, despite subpoena 10 reasons the Democrats are winning on impeachment Judge orders DOJ to turn over Mueller grand jury information for impeachment probe Trump should tell the Senate he intends to use an impeachment trial to clear his name In inquiry, Republicans ask questions about whistleblower, loyalty to Trump and conspiracy theories GOP vows to take new steps to protect Trump GOP's top leaders navigate impeachment in their own ways Former top Trump aide asks court to rule on whether he must testify in impeachment inquiry White House restores trade benefits for Ukraine after more than two months of delay Ukraine Was Just the Tip of the Iceberg Gowdy: Trump demand for Ukraine help "can't be" impeachable Steve Bannon Says Nancy Pelosi Is 'Winning' And 'Will Impeach' Donald Trump Trump opponents are ‘chasing the ghost’ on impeachment, Energy Secretary Rick Perry says
(DBN)

Giuliani associates touted ties to White House How a Veteran Reporter Worked with Giuliani’s Associates to Launch the Ukraine Conspiracy It's Giuliani on the phone, but he might not realize it Rudy Giuliani Turned NY’s Southern District Into a Spin Machine. His Legacy Is Coming Back to Haunt Him.
(DBN)

Former FBI Director James Comey Says He'll Live in New Zealand If Trump Wins Reelection
(DBN)

Here's the price Mitt Romney is paying for standing against Trump
(DBN)

GOP Rep Says U.S. Should Demand Quid Pro Quo When Giving Foreign Aid
(DBN)

We represent the whistleblower. Their identity is no longer relevant.
(DBN)

Bill Clinton Advisor: Hillary Thinks God Wants Her to be President
(DBN)

Trump says ISIS leader al-Baghdadi died 'whimpering and crying and screaming' after trying to escape through a dead-end tunnel and igniting a suicide vest which killed three children Trump's Baghdadi raid Situation Room photo has one big difference to Obama's bin Laden picture ?— and it tells you everything about their styles Inside the secret U.S. mission that took out ISIS chief Abu Bakr al-Baghdadi Trump claims the killing of ISIS leader al-Baghdadi is more significant than Osama bin Laden's assassination Activist video purports to show moment of US raid on al-Baghdadi ISIS compound. Photos show the wreckage left in its wake Trump thanks Russia and other nations for helping with the US mission to kill ISIS leader al-Baghdadi Baghdadi raid depended on international ties Trump has spurned Trump actively tried to derail the 3 biggest things that helped take out ISIS leader al-Baghdadi ISIS leader Abu Bakr al-Baghdadi ‘not killed by US military’ Russia claims Trump confirms ISIS leader Baghdadi is dead after US raid in Syria — ‘He died like a coward’ US troops demolished ISIS leader's suspected building to prevent it from becoming a shrine Trump kept Pelosi and key Democrats out of the loop on the strike against ISIS leader al-Baghdadi Trump says he didn't inform Democrats of Baghdadi raid because of potential leaks Baghdadi operation named after captured humanitarian worker Kayla Mueller Raid Gives Trump Well-Timed Win But Unlikely to Slow Impeachment ISIS Already Has a New Leader, but Baghdadi May Not Have Been Running the Group Anyway Three big questions that follow the death of Baghdadi France on high alert for revenge attacks following death of Baghdadi The CIA got key information for the raid on al-Baghdadi's ISIS compound after a wife of the leader and a courier were arrested
(DBN)

John Kelly says he warned Trump hiring a ‘yes man’ for chief of staff would lead to impeachment Grisham: Kelly Didn't Get Trump's Genius
(DBN)

At Least 20 Billionaires Behind ‘Dark Money’ Group That Opposed Obama
(DBN)

Trump wants to make a deal with Exxon or others to tap Syrian oil: ‘We should be able to take some’ Analysts: Big energy companies won't bite on Trump's Syria oil plan Russia calls US move to protect Syrian oil ‘banditry’
(DBN)

Joe Biden's changing looks have reportedly become a 'minor obsession of the White House' and Trump
(DBN)

Pete Buttigieg responded to homophobic comments made by a local Tennessee official
(DBN)

Trump allegedly ordered former Defense Secretary James Mattis to ‘screw Amazon’ one year before awarding a hotly contested $10 billion defense cloud contract to Microsoft
(DBN)

Texas Is Afraid Of A 7-Year-Old Transgender Girl
(DBN)

Rep. Katie Hill to resign amid allegations of sex with staffer
(DBN)

What Holocaust Restitution Taught Me About Slavery Reparations
(DBN)

How the baby boomers broke America
(DBN)

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Solar:

$74M SunEdison Investor Settlement Gets Judge's Approval
(DBN)

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Personal Finance:

Most people who pay off their debts don’t get a windfall or declare bankruptcy — they just have a plan
(DBN)

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Music:

The Rise and Fall of PledgeMusic ?— How the Future of Music Crowdfunding Turned Into a Nightmare
(DBN)

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Fraud:

Wall Street crackdown triggered by MF Global may get dialed back
(DBN)

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Economy:

Q3 GDP Forecasts: Under 2.0%
(DBN)

Why the U.S. economy’s bumpy ride is about to get bumpier
(DBN)

Three rate cuts in a row? Investors hope it's true Why would the Fed cut interest rates a 3rd time in a row even as stocks near records? We may find out
(DBN)

Sweden to Quit Negative Interest Rates
(DBN)

The Federal Reserve is in stealth intervention mode
(DBN)

BofA: Stress in Leveraged Credit Growing
(DBN)

How a wave of risky lending has set the world up for another financial crisis
(DBN)

Taxing CEO-Worker Pay Gap Catches on in San Francisco, Elsewhere
(DBN)

Overnight lending market drama continues, forcing the Fed to pump in more and more cash
(DBN)

U.S. Annual Budget Deficit Nears $1 Trillion With 26% Increase
(DBN)

October jobs growth expected to be less than 100,000 due to GM strike
(DBN)

A Bankruptcy Lawyer's Perspective on Why a Recession Is Probable
(DBN)

Make no mistake: Medicare for All would cut taxes for most Americans
(DBN)

Companies Should Pay Better, Survey from Paul Tudor Jones Group Says
(DBN)

Bank of America: Here are 3 reasons US consumers are likely to spend less going forward, derailing one of the economy's few bright spots
(DBN)

IMF chief applauds "bravery" of Trump tax cuts
(DBN)

Fewer Americans are giving money to charity (and it’s not just because they’re worried about money)
(DBN)

Trump administration considers blacklisting Chinese companies that repeatedly steal U.S. intellectual property US Accuses China of IPR Violations, Shakes Trade Deal Americans' Views on Trade in the Trump Era No Art To The U.S.-China Trade Deal While US-China ‘phase one’ trade deal stops escalation, analysts not optimistic for more by year end US travel industry to Chinese tourists: What trade war?
(DBN)

Top Democrat proposes adding pension fix to new NAFTA vote
(DBN)

The strong dollar is hurting the global economy
(DBN)

Millennials know their retirement won't look like mom and dad's, and they're already planning ahead
(DBN)

H&M CEO Sees ‘Terrible’ Fallout as Consumer Shaming Spreads
(DBN)

The super rich elite have more money than they know what to do with
(DBN)

About 41% of the global population are under 24. And they’re angry…
(DBN)

70% of millennials say they'd vote for a socialist
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

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

Black Knight's First Look: National Mortgage Delinquency Rate Increased Seasonally in September, Foreclosure Inventory Lowest Since 2005
(DBN)

SoftBank could have just walked away from WeWork and its $9 billion investment. Business experts explain why it didn't WeWork And The Future Of Co-Working Here's who's holding the bag for Adam Neumann's $1.7 billion WeWork payday WeWork’s Savior Doesn’t Have Such Deep Pockets Softbank's debt fears resurface following a $9.5 billion bailout for WeWork WeWork Drama Spins Off Work to Multiple Big Firms
(DBN)

Sob Story Of The New Canaanites With The $5 Million House
(DBN)

Bankruptcy May Shield Homeowners From Forgiven Mortgage Debt Tax
(DBN)

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Municipalities:

We Screwed Up Detroit. Now It's Puerto Rico's Turn
(DBN)

Chicago teachers, school district resume talks to end strike
(DBN)

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Oil/Gas:

Small oil-and-gas companies get cold shoulder from large banks Investors Brace for Poor Shale Earnings
(DBN)

Rundown of Recent Developments in Covenant Running with the Land Tension
(DBN)

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Retailing:

Struggling Nordstrom is going all-in on New York City in a major turnaround attempt — but the market doesn't seem to care Nordstrom's massive new flagship is a gamble in an age of retail doom and gloom
(DBN)

Walmart And Target Have Changed The Game For Amazon
(DBN)

Report: Sears owner exploring selling some assets
(DBN)

Slumping Halloween sales spook experts
(DBN)

Barneys plans to close San Francisco store
(DBN)

American Dream has opened, and what a wild ride it’s been
(DBN)

The C.E.O. Taking On the Gun Lobby
(DBN)

Bed, Bath & Beyond Strategy Could Be a Case Study in Retail Recovery
(DBN)

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Utilities:

New California Wildfire Unsettles PG&E Bankruptcy How a New California Wildfire Could Upend PG&E’s Bankruptcy Case
(DBN)

Governor wants Berkshire Hathaway to bid for PG&E
(DBN)

Time to leave PG? Some Sacramento-area cities and counties explore ‘public power’
(DBN)

California’s new normal: Wildfires, ash and power outages could last a decade
(DBN)

More than 2 million people expected to lose power in PG&E blackout as California wildfires rage Governor declares statewide emergency CA: Wildfire Closes Highway 101 Newsom Lashes Out at Utilities as Wildfires Grow and Blackouts Loom California Wildfires Evacuation Map: Red Flag Warning for 'Historic' Extreme Fire Weather Event as 90,000 Forced From Homes Kincade Fire Less Than 5% Contained State of emergency in California as nearly 200,000 flee wine country wildfire Firefighters struggle against massive, wind-whipped California wildfire 'Historic fire' shows its power In photos: California wildfires spread by hurricane force winds A Twin Threat as Fires Burn Across California
(DBN)

While California Fires Rage, the Rich Hire Private Firefighters
(DBN)

PG&E admits it may have ignited wildfire in California wine country
(DBN)

PG&E Power Lines Remain Risky to California, Even During Blackouts
(DBN)

Investors flee PG&E in wake of Kincade Fire, takeover threat from hedge funds Bankrupt PG&E Plunges as California Wildfires Roar PG&E Falls as Citi Says Fire Threatens Bankruptcy, Fire Fund
(DBN)

A New Front in PG&E’s Bankruptcy Case: Small Solar Projects
(DBN)

California Wineries Shut as Fire Tears Through Sonoma County
(DBN)

Sue PG&E For Power Shutoffs, Better Think Taxes
(DBN)

Would You Own PG&E Even After Chapter 11?
(DBN)

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Banking:

October 2019: Unofficial Problem Bank list Decreased to 71 Institutions
(DBN)

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Celebs:

Rapper Trick Daddy Files For Bankruptcy For The Fourth Time
(DBN)

RHOP's Robyn Dixon Owes The IRS Almost $90K Just Six Years After Filing For Bankruptcy
(DBN)

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Aviation:

TX: Airport firm Gulf Aviation files for Chapter 11 bankruptcy
(DBN)

NYC to Becoming a Helicopter No Fly Zone
(DBN)

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Pharma:

Pelosi’s Drug Pricing Plan Could Face Constitutional Challenges: Report
(DBN)

Sackler family bought $7.4M Palm Beach estate months before bankruptcy filing
(DBN)

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Payroll Services:

Former IOI owner files for personal bankruptcy
(DBN)

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Climate:

The Future of Power Still Means Fossil Fuels, for Now
(DBN)

Sierra Club Says SEC Suppresses Climate-Related Shareholder Proposals
(DBN)

Which Companies Are Responsible For the Most Carbon Emissions?
(DBN)

Trying to Plant a Trillion Trees Won't Solve Anything
(DBN)

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Travel:

Southwest Airlines: There was no bathroom camera
(DBN)

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Tech:

The Ransomware Superhero of Normal, Illinois
(DBN)

Smart home platform Wink is dying as Will.i.am’s tech company is low on money
(DBN)

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New Bankruptcy Opinions
(8 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (38 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (0 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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Advisors:

Duff & Phelps Adds Former UST Kelly Beaudin Conlan
(DBN)

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Amicus:

How to Deal with a $3 Trillion Bully
(DBN)

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Hotels:

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

Hotel Indigo in downtown St. Pete files for Chapter 11 bankruptcy to proceed with sale
(DBN)

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Student Debt:

Fifth Circuit Grants Small Victories to Student Loan Debtors
(DBN)

Tuition Climbs as State Funds Dwindle at U.S. Public Colleges
(DBN)

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Coal:

Bankrupt Blackjewel agrees to pay over $5 million to laid off coal miners who blocked train tracks
(DBN)

Former Blackjewel employees share how bankruptcy fallout has affected their lives
(DBN)

Sovereign coal? Dispute between Montana and Navajo enterprise
(DBN)

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Healthcare:

WMH files bankruptcy; hires new CEO Williamson Memorial Hospital declares bankruptcy
(DBN)

Owners accused of siphoning millions from Edina nursing home company
(DBN)

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

Reality Check: Trump’s ‘Great’ Health-Care Plan Still Doesn’t Exist
(DBN)

Poll of the Day: Warren's Health-Care Gap 5 Ways Elizabeth Warren Could Pay for Medicare for All
(DBN)

Panic in City After 900 Children Test Positive for H.I.V.
(DBN)

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Tourism:

Gulliver’s Gate tourist spot in Times Square files for bankruptcy
(DBN)

Bankrupt tour operator JG Worldwide sues Virtuoso
(DBN)

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Entertainment:

Bankruptcy plan for post-production company Deluxe wins court approval
(DBN)

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Autos:

US Marshals auction Burt Reynolds' Trans Am with bankrupt firm's 100-plus car collection
(DBN)

The Strike Is Over: UAW Members Ratify Deal With General Motors GM Strike Ends After Almost Six Weeks at Cost of $2 Billion 40 Days, Thousands of Jobs: The G.M. Strike From the Picket Lines
(DBN)

UAW takes its fight to Ford and Fiat Chrysler after deal with GM
(DBN)

Tesla short sellers lose $1.5 billion in a single day
(DBN)

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Retirement Plans:

The $100 Million 401(k) – How The Rich Use It To Get Richer
(DBN)

Sluggish Wage Growth Leads to Lagging Retirement Savings, Professor Says
(DBN)

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Religion:

Bishops urge Pope to open priesthood to married men
(DBN)

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Consumer Finance:

The True Cost of Payday Loans—And Some Borrowing Alternatives
(DBN)

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Mass Torts:

‘I was not fully informed’ — FDA recommends breast implants with ‘black-box’ warning labels about potential hazards
(DBN)

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Agribusiness:

Trustee Alleges Fraud in Farmers' Bankruptcy
(DBN)

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UK:

UK corporate insolvency reforms: the nuts and bolts of the future UK restructuring toolkit
(DBN)

Boris Johnson's government admits Brexit will not happen on October 31 Will Boris Johnson be able to call a snap UK general election before Christmas? British government steps up pressure on parliament over election vote EU agrees to give the UK a Brexit extension until January 31 Boris' Next Move in Risky Brexit Battle
(DBN)

Brexit referendum should never have been called, say majority of voters
(DBN)

Brexit negotiators removed 'adequate' from worker rights plan Brexit: 'Fears confirmed' over rights at work, says Labour
(DBN)

Forever 21 confirms UK store closures
(DBN)

Asda refuses to remove sack threat for thousands of staff over compulsory contracts
(DBN)

Weymouth & Portland has among highest rates of bankruptcies in UK
(DBN)

Staggered Lifting of the Corporate Veil: A Case for Group Insolvency Norms
(DBN)

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EU:

European Parliament’s call for protection against airline insolvency matches travel agents’ demands EU Votes to Protect Consumers, Employees in Bankruptcy Cases
(DBN)

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Australia:

Businesses 'not willing to ask for help', insolvency inquiry hears
(DBN)

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India:

Number of cases admitted under insolvency saw a rise in Sep quarter
(DBN)

‘Overall stressed assets have grown, unexpectedly’
(DBN)

Jet Airways' only bidder Synergy Group has a default history
(DBN)

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Chile:

Why Chile’s Massive Protests Started With a Subway Fare Hike Police Shoot Hundreds of Protesters in Chile Dodging Tear Gas and Debt, a Family Struggles in Santiago
(DBN)

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Hong Kong:

Hong Kong protesters hurl petrol bombs after police fire tear gas to clear rally
(DBN)

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Argentina:

Argentina votes in 'historic election' as economic woes drive Peronist left Opposition candidate Fernández wins Argentina presidential election
(DBN)

Argentina’s Frontrunner Signals Bond Haircut of About 20%
(DBN)

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China:

China’s industrial profits fall 5.3% in September as trade war toll mounts
(DBN)

Survivors and victims on shocking state-sanctioned live organ harvesting in China
(DBN)

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New Zealand:

$50m shock collapse: Former Young Rich Lister's activewear label Stylerunner goes into administration
(DBN)

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MENA:

‘They are worse than Saddam’: Iraqis take to streets to topple regime
(DBN)

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