October 3, 2019

The Daily Bankruptcy News

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Law:

Kirkland Names 6 New Restructuring Partners
(DBN)

Gibson Dunn Lures Away Three Jones Day Restructuring Lawyers
(DBN)

Star Silicon Valley Lawyer Accused of Sexual Assault in Open Letter DLA Piper Partner Alleges Harassment, Seeks Arbitration Release
(DBN)

Student Competes On ‘Wheel Of Fortune’ To Pay For Law School
(DBN)

Memo to Exiting Lawyers: You’re Not Part of the Firm’s Strategy
(DBN)

Congrats Law School Grads — Bar Exam Results Are Looking Good, Really Good
(DBN)

Clueless Attorney’s Wife Files As Indigent, Asks For Public Defender
(DBN)

Civil rights groups slam Comcast for trying to weaken a key protection against racial discrimination
(DBN)

Americans Like Most Major Federal Agencies — Except One
(DBN)

The Founders Defined Treason to Protect Free Speech
(DBN)

Fake Law Offices Of Rudy Giuliani Absolutely Skewered In Subway Ad Rudy Giuliani Is Not Practicing Law, And Billing Him As Trump’s Attorney Degrades The Value Of A Law License
(DBN)

Apple’s Tim Cook urges Supreme Court to preserve DACA U.S. government plans to collect DNA from detained migrants
(DBN)

Plaintiff: “Dressing Me Up as a Leprechaun Is Wrong”
(DBN)

Jeffrey Epstein Couldn’t Buy A Second Island So He Reportedly Used An Unaware Businessman’s Name
(DBN)

DOJ asks judge to temporarily block N.Y. Trump tax returns subpoena
(DBN)

"Making a Murderer" subject Brendan Dassey filing for clemency after 13 years in prison
(DBN)

Ex-Dallas police officer sentenced to 10 years for killing her neighbor Jean's Brother Hugs Guyger and Forgives Her
(DBN)

The Supreme Court showdown over LGBTQ discrimination, explained
(DBN)

Trader Sues Citigroup for $112 Million, Alleging Malicious Prosecution
(DBN)

Lawyer is suspended partly for fundraising appeal on law firm website
(DBN)

Self-proclaimed white nationalist accused of planning mass killing expected to plead guilty
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Judges:

Supreme Court Enjoys Majority Approval at Start of New Term
(DBN)

Judge is removed from the bench for false statements about firing gun, retaliation
(DBN)

Former Philly Judge Who Lied to FBI Gets Five-Year Suspension
(DBN)

Court packing: Where the 2020 candidates stand
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Wall Street:

US futures point to rebound on Wall Street
(DBN)

Asian markets sink amid Wall Street losses, new U.S. tariffs against EU
(DBN)

Dow dives nearly 600 points, as markets worry about US economy Wipeout Wednesday: Dow, S&P 500 mark worst start to a quarter since 2008 financial crisis
(DBN)

The Dow dropped more than 800 points in two days — here’s what’s going on
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The bull market is losing one of its most powerful backers
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Layoffs:

Kroger to lay off hundreds, as questions about its turnaround plan linger
(DBN)

Sports Illustrated’s new operator to slash jobs
(DBN)

This robot can make 300 pizzas in an hour
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Retailing:

These 28 retailers could go bankrupt in the next year
(DBN)

US shopping mall vacancies hit eight-year high
(DBN)

For mall owners like Simon, Brookfield and Vornado, Forever 21 bankruptcy signals more trouble ahead
(DBN)

Target's backrooms are becoming unsafe, overcrowded 'nightmares' as the company cuts shifts and hours, workers say
(DBN)

Vendors Stiffed by Sears Want the Company Liquidated, Not Reorganized A group of Sears vendors is pushing for the struggling retailer to liquidate, arguing they're being pushed to the brink of insolvency as they wait to be paid back
(DBN)

Cities lead the backlash against dollar stores
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Tech:

Elizabeth Warren rips into Facebook and Mark Zuckerberg on Twitter, saying the company's apps should be split up so they 'outdo each other to protect your privacy'
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Banking:

ATM bank fees hit a record high — and it’s draining your cash
(DBN)

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Healthcare:

uBiome to Close Doors One Month After Bankruptcy Filing Bankrupt microbiome startup uBiome to liquidate assets, shutter operations
(DBN)

Verity Health System Files Motion to Enforce Sale Order
(DBN)

Trump to Unveil Medicare Plan in Bid to Contrast Democrat Rivals
(DBN)

Woman cancels wedding over costly ER bill
(DBN)

Medicare for All: Where the Democratic candidates stand
(DBN)

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Motorcycles:

A cautionary tale: Luxury electric motorcycle company files for bankruptcy after crowdfunding $1M
(DBN)

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Travel:

You’ve Got 365 Days To Get A New, Different, Better ID If You Want To Board A Flight And Go Somewhere
(DBN)

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Agribusiness:

U.S. Agriculture Secretary: Family farms might not survive - "In America, the big get bigger and the small go out"
(DBN)

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Aviation:

Boeing engineer complained 737 Max safety system rejected due to cost, reports say
(DBN)

FAA orders urgent inspections on some Boeing 737s for wing-related cracks
(DBN)

US airline stocks plummet after Trump wins WTO approval for tariffs on aircraft parts
(DBN)

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Trucking:

Downside Of Commercial Vehicle Purchasing Cycle Snares Meritor
(DBN)

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Non-Profits:

Senate Democrats Ask IRS to Investigate NRA’s Tax-Exempt Status
(DBN)

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Economy:

September private payrolls report shows the pace of hiring is slowing ADP: Private Employment increased 135,000 in September
(DBN)

Rising Income Inequality Is a Fiscal Risk: Moody’s
(DBN)

A key number on Thursday will reveal whether the economic slowdown is spreading
(DBN)

CA: Thousands Close to Being Homeless
(DBN)

The number of people in the average U.S. household is going up for the first time in over 160 years
(DBN)

Economist explains when to get 'very concerned about a recession'
(DBN)

Fed’s Barkin says now might be time for caution
(DBN)

Fed’s Williams Sees Signs of Economy Slowing From Strong Pace
(DBN)

Chicago Fed's Evans says he's worried about inflation outlook, open minded on more rate cuts
(DBN)

Middle Class Household Income Gets a Boost
(DBN)

Dow plunges by almost 600 points on mounting recession fears Dow, S&P 500 on track for worst start to a quarter since 2008 financial crisis as recession fears accelerate
(DBN)

CLOs Stuffed Full of Private Debt to Risky Companies Are Booming
(DBN)

Opinion: What ever happened to Trump’s boast of 4%, 5% or even 6% growth?
(DBN)

Foreign investors have already pulled back from China America's factories are getting crushed by Trump's trade war, not the Fed The most worrying new survey for Trump has nothing to do with his polling Here are all of the Chinese products that are set to face a 30% tariff this month
(DBN)

Trump claims ‘impeachment nonsense’ is driving the stock market lower
(DBN)

US Farm Bailout Now Bigger Than Detroit's
(DBN)

Trump wins biggest-ever WTO ruling, opening the door for $7.5 billion worth of tariffs on Europe Airbus Says Trump Tariffs Would Risk U.S. Jobs After WTO Ruling US-EU trade fight could drag on after ‘big victory’ at the WTO, says ex-Trump official U.S. to implement new EU tariffs on cheese, whiskey, other goods Trump administration to slap tariffs on EU aircraft and agricultural products
(DBN)

NACM September Credit Managers’ Index Disappoints
(DBN)

2020 candidate Andrew Yang: The fundamentals of capitalism are ‘breaking down’
(DBN)

AI bias: How tech determines if you land job, get a loan or end up in jail
(DBN)

The New Realities Of Work And Retirement
(DBN)

Survey: Many Affluent Millennials Don't Think They Can Retire By 65
(DBN)

Trump’s Economy Is Failing Exactly Where He Needs It to Succeed
(DBN)

Companies and insiders are dumping stock, while share repurchases sink
(DBN)

The industries with the most jobs in 25 major US cities
(DBN)

Here’s the No. 1 highest paid, most in-demand job in every U.S. state
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Drafting Errors: The Importance of Proofreading Cannot Be Overestimated
(DBN)

Housing Might Rescue The Economy From Trump’s Trade War
(DBN)

NYC housing prices in near 'free fall,' conditions mirror recession era following tax hikes
(DBN)

Nashville: Developer dodges foreclosure, preserves stake in huge Cool Springs site
(DBN)

Four years, $13 million and dozens of hands: How ‘affordable housing’ gets made in America
(DBN)

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Municipalities:

Assured Guaranty picks apart Puerto Rico Oversight Board debt plan
(DBN)

Fiscal Board Turns Eyes on Economic Development
(DBN)

The next 16 months will define Puerto Rico's future. Is Gov. Wanda Vázquez ready?
(DBN)

The cities have the highest job and wage growth in America
(DBN)

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Oil/Gas:

Recession Risk Poses Major Threat For North American Oil
(DBN)

Oil Slides on Large Stockpile Build, Slowing Economic Headwinds
(DBN)

Judge to decide if PES refinery can give confidential bonuses to execs while owners muddle through bankruptcy
(DBN)

Elizabeth Warren is wrong to push for a ban on fracking
(DBN)

Permian Methane Mystery Is Focus of Green Group’s New Study
(DBN)

Drillers Removing Rigs in Permian Basis
(DBN)

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Autos:

BEA: September Vehicles Sales increased to 17.2 Million SAAR
(DBN)

GM stock falls nearly 4% after company's Q3 sales
(DBN)

GM strike, day 17: Issues 'yet to be satisfied and settled' Union rejects GM’s latest offer as 3-week-old strike continues
(DBN)

Ford’s third-quarter auto sales fall 4.9% as demand for its popular F-Series pickups weakens
(DBN)

GM and Ford Can’t Shake Anguish Over Where U.S. Sales Are Headed
(DBN)

Dealerships offering seven year auto loans?
(DBN)

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Personal Finance:

1 in 4 millennials are keeping a money secret from their partner
(DBN)

Here are the best (and worst) tippers in America
(DBN)

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Religion:

Pastor Robert Jeffress Says Trump Is Christian 'Warrior' and Democrats Worship Pagan God Moloch 'Who Allowed for Child Sacrifice'
(DBN)

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Pensions:

Pension Funds Sink Billions Into More Risky Alternative Assets
(DBN)

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Utilities:

A jury of our peers could now decide PG&E’s fate thanks to bankruptcy judge
(DBN)

Photos suggest PG&E may be behind Santa Rosa fires after all
(DBN)

PG&E said in 2015 it would rebury exposed East Bay gas line, but still hasn’t done it
(DBN)

PG&E is less than one-third done with its 2019 tree-trimming work
(DBN)

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Education:

Most Americans go to college in the hopes of a secure financial future. Many don’t get it
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Metals:

Bayou Steel owed more than $20.8 million before declaring bankruptcy
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Student Debt:

Debt-free college: Where the 2020 presidential candidates stand
(DBN)

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Media:

News-Gazette Gets Court OK For $4.5M Bankruptcy Sale
(DBN)

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Basketball:

Plan in place for Fox Valley Pro Basketball to exit bankruptcy Menominee Nation Arena gets funding to continue and get out of Chapter 11
(DBN)

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Food/Beverage:

Restaurants Unlimited bankruptcy fallout sinks more Oregon, Washington restaurants
(DBN)

The Grocery Business Is On Fire, And Industry Leaders Don’t Want To Talk About It
(DBN)

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Mass Torts:

1,500 Accused OSU Doctor of Sexual Assault
(DBN)

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Coal:

U.S. Coal Giant That Pressed Trump for a Bailout Faces Default
(DBN)

More closures likely at US met coal mines soon, analyst says
(DBN)

Déjà vu — Blackjewel mines sold again
(DBN)

Judge approves new sale of 2 Wyoming coal mines
(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 (35 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (2 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:

CFPB report examines bankruptcy trends
(DBN)

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UCC:

‘In re I80 Equipment’: A Matter of Reference
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Petition Preparers:

Banned bankruptcy petition preparer catches ire of judge, faces possible criminal contempt charges
(DBN)

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Tax:

CEO's Bankruptcy Can’t Kill Tax Debt Yet, Utah Judge Says
(DBN)

IRS: Easier, Cheaper to Audit the Poor
(DBN)

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Pharma:

Opioid settlement encourages sale of more opioids, critics say
(DBN)

Johnson & Johnson claim judge miscalculated by over $100 million in opioid case
(DBN)

Cities push opioid lawsuits against family that owns Purdue
(DBN)

The Market Tells Opioid Drugmakers to Settle Up
(DBN)

Virginia doctor faces up to life in prison in opioid case Doctor Gets 40 Years for Opioid Prescriptions
(DBN)

The Clock Is Ticking for the Sacklers
(DBN)

Pelosi's Plan to Slash Drug Prices Will Backfire
(DBN)

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Finance:

Absolute Priority: Shearman Finance Pros Scrutinize SOFR Surge and LIBOR Phase-Out
(DBN)

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Fraud:

Florida Brothers Plead Guilty To $7 Million Silver Ponzi Scheme
(DBN)

SEC: Colorado Man Ran "Massive" Cattle-Flipping Ponzi Scheme That Funded Weed Business
(DBN)

Connecticut Investment Adviser Arrested For $10 Million Ponzi Scheme
(DBN)

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Awards:

Smiley Wang-Ekvall Partner Lei Lei Wang-Ekvall Named 2019 Attorney of the Year By Orange County Women Lawyers Association
(DBN)

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Politics:

Warren passes Biden to lead 2020 Democrats by 4 points in weekly national poll Possible Elizabeth Warren presidency worries tech titans
(DBN)

Former Trump Campaign Manager Says Bernie Sanders and Elizabeth Warren 'Want to Have Illegal Aliens Come Across This Border and Kill Americans'
(DBN)

House chairs threaten White House subpoena in impeachment inquiry House will subpoena White House for Ukraine documents in Trump impeachment probe Schiff says Trump stonewalling on House demands will be considered obstruction Trump says Democrats are wasting the country's time on 'BULLSHIT' in angry tweet on impeachment Trump: ‘I don’t care’ about protections for whistleblower 6 things Donald Trump got wrong today on Ukraine, a whistleblower and the media Trump refuses to answer what he asked Ukrainian president to do about Bidens Trump explodes as Democrats ratchet up impeachment push Battle lines harden between Trump, House Democrats Whistleblower contacted House Intel Committee before filing official complaint Secretary of State Pompeo confirms he was on Trump-Ukraine call at the center of impeachment probe Democrats may consider obstruction charges against Trump in impeachment probe Trump personally asked U.K.'s Boris Johnson for help discrediting Mueller report: Times of London Top Democrat warns White House 'we're not fooling around' on impeachment inquiry Will impeachment inquiry derail legislation on guns, the border and prescription drugs? Donald Trump Has Claimed Multiple Times That He's the Victim of an Attempted Coup The walls are closing in around Trump's staff State Dept. watchdog highlights suspect documents in Ukraine hearing WaPo: Pence national security adviser was on Trump-Ukraine phone call Trump used Mike Pence to tell Ukraine the US would withhold military aid while demanding they investigate corruption
(DBN)

Trump disregards whistleblower protections as polls turn against him on impeachment
(DBN)

DOJ Tells White House to Preserve Records
(DBN)

Daylight between Giuliani and Barr as Trump team readies defense against impeachment 'Worse than McCarthy': Giuliani suggests suing Democrats over Ukraine probe House Democrats subpoena Giuliani for Ukraine docs in impeachment probe Giuliani’s Ukraine Work Tied to Firm Whose Website Has Vanished Giuliani tells WashPost he consulted with Manafort on Ukraine theory New Yorkers Ridicule 'Crazy' Rudy Giuliani
(DBN)

The Ukraine Scandal Exposes Pompeo
(DBN)

Poll: Despite his own admission, Only 40 percent of Republicans say Trump 'probably' mentioned Biden on Ukraine call CBS News poll: Majority of Americans and Democrats approve of Trump impeachment inquiry
(DBN)

Here’s How Much More Democrat Candidates Would Pay Under Their Own Tax Plans
(DBN)

Trump Is Going to Burn Down Everything and Everyone, and Republicans, That Means You
(DBN)

Bernie Sanders has surgery for artery blockage, cancels campaign events Sanders's heart procedure is common, quick
(DBN)

Biden's trip to China with son Hunter in 2013 comes under new scrutiny What Joe and Hunter Biden actually did in Ukraine Hunter Biden's work in Ukraine is a problem, but not just for Democrats Who benefits from a Biden collapse? Biden to Trump on Ukraine: You're not going to destroy me Joe Biden the front-runner? How the 2020 Democratic race is misunderstood by everyone
(DBN)

Trump set personal record for tweeting last month
(DBN)

Elizabeth Warren plans to unleash ‘excessive lobbying tax’ if she becomes president Elizabeth Warren proposes new lobbying tax that would cost US mega-corporations hundreds of millions
(DBN)

Donald Trump’s Sons Have Sold More Than $100 Million Of His Real Estate Since He Took Office
(DBN)

What the story of Brigham Young tells us about Donald Trump
(DBN)

Public Expresses Favorable Views of a Number of Federal Agencies
(DBN)

Democratic donor Ed Buck indicted in 2 fatal overdoses at his LA home
(DBN)

Former N.C. state GOP chair in making false statement to FBI guilty plea
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Tax:

U.S. Expats With Passports Revoked for Tax Debt Face Major Woes
(DBN)

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UK:

McCarthy Denning Expands its International Corporate Offering With New Co-Head of Finance & Restructuring
(DBN)

Prime Minister Boris Johnson to set out 'take it or leave it' Brexit proposal
(DBN)

U.K. sends "compromise" Brexit proposal to EU Boris Johnson Chooses Provocation Over Progress Johnson demands EU back down as U.K. is ready for no-deal Brexit What Boris Johnson Didn’t Say in His U.K. Tory Conference Speech Johnson’s Brexit Plan: The Sticking Points for the U.K. and EU Johnson’s Five Principles in His Bid to Break Brexit Deadlock Boris Johnson’s Brexit proposal is ‘unlikely to work,’ strategist says
(DBN)

How Did Britain Come to This?
(DBN)

The Brexit diaries: The half-hearted stockpiling begins
(DBN)

Union agrees £300 hardship payments to Thomas Cook workers Thomas Cook – the financial impact of failure beyond the holidaymakers
(DBN)

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PIIGS:

Greece struggles to cope as migrant arrivals soar
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MENA:

A year after Jamal Khashoggi's murder, Saudi trial veiled in secrecy
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Hong Kong:

Hong Kong’s August retail sales plunge in worst monthly decline on record
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Venezuela:

Venezuelan border town swells with internal migrants
(DBN)

White House Official Rebuffs Venezuela Bondholders on Trade Ban
(DBN)

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China:

Trump trade war collides with domestic discontent in China
(DBN)

China’s Rise to Commercial Superpower
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India:

Bankruptcies Double at Developers on India’s Mini-Lehman Moment
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