September 10, 2019

The Daily Bankruptcy News

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Law:

Legal jobs leap upward in August
(DBN)

Jones Day Judge Sides With Firm in Sex Bias Pleadings Fight
(DBN)

‘This is Who We Are:’ Tech-Minded Law Firms Don’t Fear Recession
(DBN)

Law school deans recently hit with noncompliance notice say they can show standards are met
(DBN)

Law Schools Take Heart: Nationwide Bar Exam Scores Are Actually Up
(DBN)

Ex-client sued by lawyer for alleged libel in negative review that stays atop ratings through editing
(DBN)

Survival of the Fittest: As Baby Boomers Retire, NY Bar Associations Face Harsh Realities
(DBN)

MetLife Benefits Denial An 'Outlier,' Ex-Weil Bankruptcy Attorney Says
(DBN)

Finding a Mentor or Sponsor—Tips for Millennial Lawyers, by Millennial Women Lawyers
(DBN)

FBI Chief of Staff's King & Spalding Income Revealed in New Disclosure
(DBN)

State Bar Leader Blasts Email To Lawyers About ‘Beautiful T---’ — A Play In Three Acts
(DBN)

The Gig Economy Comes To The Legal Profession
(DBN)

Overwhelming Majority Of Biglaw Staff Members Say Their Mental Health Needs Aren’t Being Addressed
(DBN)

Take A Walk On The Business Side: On The Mythology Of The ‘Recovering Lawyer’
(DBN)

Business of Law—What Is ‘Customer Lifetime Value’ and Why Is It Important?
(DBN)

Jeffrey Epstein directed allies to aggressively lobby for a meeting with Microsoft’s Bill Gates – he eventually got one An elite group within one of America's most prestigious universities is embroiled in the ongoing Jeffrey Epstein scandal, and its director just quit — here's what's going on
(DBN)

Michael Flynn ordered to testify before Congress on Sept. 25
(DBN)

Judge Tigar Doubles Down on National Injunction for Trump’s Latest Asylum Rule Federal judge blocks latest Trump asylum ban nationwide for 2nd time Far Fewer Mexicans Coming to US Trump: Keep Out Bad Actors from Bahamas Trump, Rubio speak out after Bahamas hurricane survivors were kicked off ferry She volunteered her time to help immigrant families. Now ICE plans to deport her. Partisan divisions over immigration widen after a year of turmoil at border Tent courthouses for migrants to open along Texas border, as questions abound
(DBN)

Bahamian Hurricane Dorian survivors weren’t allowed to evacuate to the US
(DBN)

California could expand use of gun violence restraining orders under bill sent to governor
(DBN)

Lisa Bloom Staked Her Whole Reputation On Harvey Weinstein… How’s That Working Out For Her?
(DBN)

The Weinstein Company Bankruptcy: What She Said
(DBN)

House Democrats launch probe into Giuliani efforts to dig up dirt in Ukraine
(DBN)

Did a Roger Stone Filing Just Reveal a Cellphone Number for President Trump?
(DBN)

The Plan to Make Harvey Weinstein a Hero
(DBN)

Rand Paul assailant to be resentenced after court says he got off too easy
(DBN)

Acting CBP head touts falling border numbers at rare press briefing
(DBN)

Weinstein accuser sent affectionate emails after alleged attack
(DBN)

'Trial-By-Combat' Attorney Sentenced to 4 Years for Fraud, Extortion
(DBN)

Lawyer reprimanded for discriminatory statements about Chinese optometrist
(DBN)

Prostitute Lawyer’s Husband Has Law License Suspended
(DBN)

Law student among plaintiffs challenging state law requiring couples getting married to identify race
(DBN)

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Judges:

Judge Joan N. Feeney (Ret.) to Receive the 2019 American Inns of Court Bankruptcy Inn Alliance Distinguished Service Award
(DBN)

Manipulating Random Assignment: Evidence From Consumer Bankruptcies in the Nation's Largest Cities
(DBN)

House Democrats Urge Federal Judiciary to Add Inspector General
(DBN)

The Justice Currently On The Supreme Court Without A J.D.
(DBN)

Gorsuch: Sorry, But Judge Judy Isn’t On The Supreme Court
(DBN)

Not Always Easy Being RBG, Ginsburg Jokes About Celebrity
(DBN)

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Wall Street:

US futures point to slightly lower open Stock futures drift lower, put S&P 500 in danger of back-to-back losses
(DBN)

Wall Street ends flat amid rate hopes, tech declines Dow posts 4-day winning streak amid trade optimism
(DBN)

The Volfefe Index, Wall Street’s new way to measure the effects of Trump tweets, explained A JPMorgan bot analyzed 14,000 Trump tweets and found they're having an increasingly sharp impact on markets
(DBN)

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Layoffs:

Around 4,500 truck drivers lost their jobs in August as the trucking 'bloodbath' rages on
(DBN)

Hundreds of EQT employees to be laid off
(DBN)

Transit service company’s Kent location to shave 340 jobs
(DBN)

250+ jobs being cut at North Charleston paper mill
(DBN)

Villas of Grand Cypress to lay off 178 workers
(DBN)

Bayer to lay off more than 150 in Durham
(DBN)

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Retailing:

Fred’s Inc. files for bankruptcy, closing retail stores Summary: New Chapter 11 Bankruptcy - Fred's Inc. Fred's files for bankruptcy, plans to liquidate Fred's discount chain to close all its stores, files for bankruptcy Fred's has filed for bankruptcy and will close its 300 remaining stores Fred’s Bankruptcy Could Boost CVS, Walgreens Pharmacies First Day Dec
(DBN)

Barneys looks at downsizing to survive bankruptcy
(DBN)

“Not Closed”: Barney’s faces bankruptcy with humor
(DBN)

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Concerts:

John Reese's Synergy Global Entertainment 'Hit By Perfect Storm,' Files for Bankruptcy
(DBN)

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Motorcycles:

Harley-Davidson retail sales down in July and August, say Wedbush analysts
(DBN)

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Student Debt:

How wiping out $1.5 trillion in student debt would boost the economy
(DBN)

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Tech:

State probes into Big Tech are a ‘backstop’ in case the feds back down, say antitrust experts
(DBN)

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Autos:

Moody’s downgrades Ford credit rating to junk status Ford Cut to Junk as Moody’s Doubts Hackett’s Turnaround Bid Ford’s Downgrade to Junk Revives ‘Fallen Angel’ Fears Ford Doesn’t See Impact From Moody’s Downgrade: Rowley
(DBN)

Nissan Finally Breaks with Ghosn Era
(DBN)

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Debt Collection:

Virginia health system sues thousands of patients, seizing paychecks and putting liens on homes
(DBN)

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Nanotech:

Judge's decision benefits NW city
(DBN)

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Telecoms:

Charlie Ergen Bets on Globalstar in Debt Deal
(DBN)

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Coal:

The Battle for a Paycheck in Kentucky Coal Country
(DBN)

Coal Company Bankruptcies Empower Mine Workers But Highlight Rail Carriers’ Woes
(DBN)

Workers in limbo and uninsured as Blackjewel deal languishes
(DBN)

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Economy:

Six in 10 Americans expect a recession and higher prices as Trump's approval rating slips, Washington Post-ABC News poll finds
(DBN)

Robert Shiller On Recession Risk, Why Warren And Sanders Will Struggle
(DBN)

Real US debt levels could be 2,000% of economy, a Wall Street report suggests
(DBN)

Consumer borrowing expands in July at fastest rate in nearly two years US consumer borrowing posts biggest gain since late 2017
(DBN)

Retail credit cards squeeze the financially vulnerable as their delinquency rate rises
(DBN)

These are the states getting hit the hardest by trade-war tariffs Mnuchin cites ‘conceptual’ enforcement agreement ahead of China trade talks House GOP leader McCarthy: ‘Timing is right’ for US-China trade talks as both sides feel pain Trump glosses over US pain from trade war
(DBN)

As billions flow to farmers, Trump administration faces internal concerns over unprecedented bailout
(DBN)

Many U.S. farmers fume at Washington, not Trump, over biofuel, trade policies
(DBN)

The cost of Trump keeps rising almost daily
(DBN)

CBO says fiscal year deficit running over $1 trillion Trillion Dollar Deficits Again and Mnuchin Wants More Tax Cuts
(DBN)

IMF says there is only one candidate for its top spot
(DBN)

Financial Stress Literally Making 2 In 5 Young Americans Sick
(DBN)

Why Are America’s Three Biggest Metros Shrinking?
(DBN)

6 things other governments provide that Americans still have to pay for
(DBN)

The 25 countries with the lowest percentages of children
(DBN)

Everyone should care about this report on Social Security
(DBN)

Las Vegas: Convention Attendance and Visitor Traffic up Slightly in 2019 Through July
(DBN)

AAR: August Rail Carloads down 4.6% YoY, Intermodal Down 5.4% YoY
(DBN)

Poor and middle-class Americans are much less likely to survive into their 70s than the wealthy, federal report says
(DBN)

Debt-ridden millennials have no problem spending money on football
(DBN)

Elizabeth Warren's wealth tax could have slashed billionaires' fortunes
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Eleventh Circuit Holds Informational Mortgage Statement After Bankruptcy Discharge Not a 524 Violation
(DBN)

Black Knight Mortgage Monitor for July: National Delinquency Rate near Series Low
(DBN)

Recession worries send home-price expectation to record low, Fed survey shows
(DBN)

Fall housing shifts quickly to a buyer’s market
(DBN)

This city’s real estate market is the least likely to tank during the next recession
(DBN)

5 major changes the Trump administration wants to make to housing finance
(DBN)

The 10 cheapest states to buy a home in right now
(DBN)

In our housing finance system, everyone is in favor of the wrong thing
(DBN)

University of Oklahoma Could Leave Creditors With Bill for Troubled Student Housing Development
(DBN)

The surprising ways foreclosures make housing-market downturns even worse
(DBN)

Richmond: Feds targeting dozens of Hilds’ Southside properties for potential forfeiture
(DBN)

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Municipalities:

Final bond insurers join deal over Puerto Rico electric utility debt
(DBN)

PREPA restructuring takes step forward
(DBN)

Puerto Rico fiscal board: Agreement with utility bond insurers reached
(DBN)

How American Colonialism Put Puerto Rico in Crisis
(DBN)

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Oil/Gas:

Bankrupt Philadelphia refiner paid execs millions in bonuses just after fire -documents
(DBN)

Kinder Morgan eyes deal to buy two Texas pipeline systems out of bankruptcy
(DBN)

Democrats’ fracking ban would hurt U.S. economy, give edge to Russia: IEA’s Birol
(DBN)

There Is An Oil Supply Glut Now, But The Party Won't Last Forever
(DBN)

Onshore Natural Gas Deep Dive
(DBN)

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Politics:

Biden v. Warren: Banking could take center stage in Democratic debate
(DBN)

Elizabeth Warren Is Making a Mistake By Trying to Win Over Democratic Party Elites
(DBN)

Trump says U.S.-Taliban peace talks are "dead" after Kabul attack National Security Team Splinters Over Taliban Meeting The Taliban Shoots Back at Trump
(DBN)

Trump's Alarming Behavior Forced US Intel to Pull Spy from Russia Intel veterans are floored by report that an asset was extracted from Russia in part because of Trump
(DBN)

Trump says he knew "nothing" about Air Force crews staying at Scotland resort
(DBN)

‘Your way of life is under assault,’ Trump says at fiery GOP rally
(DBN)

The biggest argument for keeping the Electoral College relies on a myth
(DBN)

NOAA's top scientist will investigate why agency backed Trump's Alabama Dorian claims NOAA scientist: agency likely broke science integrity rules Commerce Chief Threatened Firings at NOAA After Trump’s Hurricane Tweets, Sources Say Wilbur Ross Threatened NOAA Employees It’s Not the Storm; It’s the Cover-Up A brief history of how Trump came up with the false claim that Hurricane Dorian could hit Alabama Weather forecasting should never be political Being Right When Trump Is Wrong Is Apparently a Fireable Offense
(DBN)

How Democracy Dies, American-Style
(DBN)

Texas Democrats unveil plan to flip the state from red to blue in 2020
(DBN)

Southern States Closed 1,200 Polling Places
(DBN)

Fox News Has the Power Over Trump
(DBN)

Trump Claims He'll Release Financial Details
(DBN)

Trump Is Not Well
(DBN)

Trump accidentally tweeted an insult at a pastor. Here's how the pastor responded.
(DBN)

Scandal surrounding Trump’s self-dealing takes an unsettling turn
(DBN)

Why Texas GOP Congressman Are Retiring
(DBN)

Elizabeth Warren is imploring Democrats to choose inspiration over caution
(DBN)

Here's why Mitch McConnell is blocking election security bills
(DBN)

Ivanka and Donald Trump Jr. are in a 'cold war' for their father's favor and reportedly suspect each other of planting damaging stories
(DBN)

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Religion:

Virgin Mary painting shows 'tears' at Chicago church facing foreclosure: reports
(DBN)

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Taxis:

Reckless Loans Devastated Taxi Drivers. Now Prosecutors Are Investigating.
(DBN)

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Healthcare:

‘UVA has ruined us’: Health system sues thousands of patients, seizing paychecks and putting liens on homes
(DBN)

How air ambulances got so expensive
(DBN)

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Aviation:

Wow Air, the bankrupt budget airline, will make a comeback in October
(DBN)

Bankrupt Airline Leaves Thousands of Passengers Stranded
(DBN)

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New Bankruptcy Opinions
(2 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (33 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (20 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:

Weekly Bankruptcy Claims Trading Activity
(DBN)

Bankruptcy filings in Central District – August 2019
(DBN)

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Bankruptcy Crimes:

Former Owner of Trailblazers, Inc. Pleads Guilty to Bankruptcy Fraud
(DBN)

Ohio couple admits to filing inaccurate bankruptcy claim
(DBN)

Federal inmate Gets 18 More Years for Bogus Involuntary Bankruptcy Petitions Filed Against Warden, Prison Officer
(DBN)

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Bankruptcy Reform:

Family Farmer Relief Act Expands Chapter 12 Bankruptcy Protections for Small and Mid-Sized Farms
(DBN)

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Education:

The No. 1 university in America now comes with a total sticker price of over $293,000
(DBN)

Sex and self-dealing at Jerry Falwell Jr.’s Liberty University?
(DBN)

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Tech:

Attorneys general of 50 states and territories announce investigation into Google’s ‘potential monopolistic behavior’
(DBN)

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Climate:

122 degrees for days: the looming Phoenix heat wave that could harm thousands
(DBN)

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Pharma:

Judge Rejects Purdue Effort to Dismiss Claim Opioids Are Public Nuisance
(DBN)

Will opioid settlements become the tobacco settlement on steroids?
(DBN)

Purdue Pharma owners 'refused to budge' on demand they give up billions to settle opioid cases: report
(DBN)

Purdue Pharma Says Settlement Talks in Opioid Cases Not Over
(DBN)

Bankruptcy could stall landmark opioid trial Purdue Is Largely Blamed for the Opioid Crisis. Now It Might File for Bankruptcy
(DBN)

OxyContin maker filing for bankruptcy may shed light on wrongdoings
(DBN)

States Pass Record Number Of Laws To Reel In Drug Prices
(DBN)

Pelosi bill aims to negotiate Medicare prices on 250 drugs, penalize manufacturers that don't comply Pelosi and Trump want a deal on lowering drug prices. Now is their time Nancy Pelosi's drug price plan would take on Big Pharma
(DBN)

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Cannabis:

Bankruptcy Court Tells Debtors They Must Choose Between Bankruptcy Or Being Able To Buy Medical Marijuana
(DBN)

Weathering a Downturn in the Cannabis Industry
(DBN)

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Mining:

Stornoway Diamond granted creditor protection
(DBN)

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Television:

'American Idol' Lenders Close to Settling $240M Suit Over Stripped Assets
(DBN)

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Electricity:

PG&E Bankruptcy Plan Would Cap Fire Victim Compensation at $18B PG&E Plan Would Limit Direct Payments To Fire Victims At $8.4 Billion PG&E caps wildfire payments at $16.9 billion for individual victims, insurance carriers PG&E's Plan to Cap Fire Liabilities at $18 Billion Draws Outrage California Wildfire Victims Slam PG&E’s Bankruptcy Plan As ‘Extremely Disappointing’
(DBN)

PG&E Files Joint Chapter 11 Plan of Reorganization PG&E proposes reorganization plan with $17.9 billion for wildfire claims
(DBN)

PG&E Deflects Bids for Assets Ahead of Restructuring Plan
(DBN)

SF’s PG&E buyout makes political — and economic — sense SF May Own Its Own Electrical Grid By Buying It From Bankrupt PG&E
(DBN)

PG&E Pledges to Honor Renewable Contracts in Bankruptcy Plan
(DBN)

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Sovereigns:

A Sovereign Debt Restructuring Framework for the Euro Area
(DBN)

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UK:

Reporting misconduct by companies, directors and bankrupts to the Insolvency Service
(DBN)

British Airways cancels 1,700 flights due to pilot strike
(DBN)

Bill forcing Brexit delay gets royal approval
(DBN)

UK Parliament is now suspended as Brexit crisis boils over: Here’s what could happen next UK Rejects Election, Suspends Parliament A chaotic final night for Parliament leaves Johnson with bleak choices on the path to Brexit
(DBN)

Europe is genuinely worried about Britain
(DBN)

Boris Johnson as prime minister promises Brexit on Oct. 31, with or without a deal
(DBN)

Boris Johnson's bid for early general election fails as MPs hand him sixth successive Commons defeat UK leader Boris Johnson loses second bid to hold an early election
(DBN)

U.K. Parliament Speaker Bercow announces he'll step down
(DBN)

UK ambassador forced to resign after calling Trump 'incompetent' made a Lord
(DBN)

U.K. unemployment falls to 3.8% in July as wages shoot higher
(DBN)

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Hong Kong:

Hong Kong warns U.S. to stay out of its internal affairs
(DBN)

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MENA:

Saudi Arabia flags plan to enrich uranium as U.S. seeks nuclear pact
(DBN)

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France:

EasyJet ‘among bidders’ for collapsed French carrier
(DBN)

Air France-KLM knocked by Aigle Azur rescue bid
(DBN)

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India:

Jet Airways crisis: Russian bidder Treasury RA Creator may be disqualified
(DBN)

IBC amendment moves towards recognizing APR
(DBN)

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Australia:

“Going behind” a judgment debt in the bankruptcy context
(DBN)

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South Korea:

Four vying to buy ailing Asiana Airlines State-run creditor bank dismisses concerns about sale of stake in Asiana Airlines
(DBN)

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Japan:

Court sends Japan Drilling Company reorganization to a creditor vote
(DBN)

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Mozambique:

Mozambique gets green light for Eurobond debt swap plan
(DBN)

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