September 11, 2019

The Daily Bankruptcy News

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Law:

Morrison & Foerster Wants Records From Female Lawyer’s New Firm • Plaintiff in 'Mommy Track' Suit Against MoFo Fights Request for Records From Her New Employer
(DBN)

Law Firms Need to Reach Out to Clients to Endure Next Recession
(DBN)

Average score rises for law grads taking the multistate bar exam, a hopeful sign for bar pass rates
(DBN)

Seyfarth Says Ex-Lawyer Who Bribed Judges Tied to Legal Malpractice Suit
(DBN)

Weil Downplayed Atty Conflict, Convicted Insys Exec Says
(DBN)

Don't Panic: How Struggling Firms Can Keep Partners From Fleeing
(DBN)

The Many, Many Obstacles To Biglaw Diversity
(DBN)

How Law Firms Overlook Diversity of Thought in Inclusion Efforts
(DBN)

Ropes & Gray Hires First-Ever Director of Diversity
(DBN)

It's Time to Talk About the Family's Role in the Mental Health of Legal Professionals
(DBN)

North Carolina Lawyers Get Parental Leave From Litigation
(DBN)

The One Time Leader In Biglaw Profitability
(DBN)

The Dan Markel Case: Trial Approaches
(DBN)

T14 Law School Student Thinks She’ll Win Survivor Because She’s ‘Smart, Strong, And Not Annoying’
(DBN)

Playing the Long Game: Client Development Strategies for Young Lawyers
(DBN)

Law Schools Fight Back Following Accreditation Woes
(DBN)

‘Law School Is About Failure’: A Law Student’s Motivational Message For Classmates
(DBN)

Jeffrey Epstein's island temple inspired dozens of conspiracy theories. We spoke with someone who went inside • Goodwin Procter to Probe MIT Ties to Epstein
(DBN)

Michael Flynn sentencing set for Dec. 18 in case where he pleaded guilty to lying to FBI • Michael Flynn's Sentencing Judge Is Ready to Roll, Spurns Defense Play for Delay • Michael Flynn Is Looking For A Way Out Of His Guilty Plea
(DBN)

15 weird US laws you may be surprised to know exist
(DBN)

Women seek abortions out of state amid restrictions
(DBN)

A majority of Americans support Walmart’s entry into the national gun debate, even if they think the company was motivated by publicity • A gun advocacy group says members were able to bring guns into Walmart even after it asked people to stop openly carrying firearms in stores • Gun rights activists test Walmart request not to open-carry guns into store • Polls Show Gun Control Support Trending Down • Gun sales surge 15%, driven by self-protection and Pelosi-Schumer demand for limits • How many guns are on the streets in the United States?
(DBN)

Schumer and Senate Dems to block Trump’s latest effort to fund border wall
(DBN)

Investigations into Trump’s Businesses Spark Emoluments Questions
(DBN)

'Totally outrageous': Trump had deal with Glasgow airport
(DBN)

U.S. officials press Mexico to take more steps to stem migrant surge
(DBN)

Prosecutors drop case against man arrested for burning American flags outside White House
(DBN)

‘Making a Murderer’: Steven Avery’s attorney says $100,000 reward offered for 'real killer'
(DBN)

Ex-lawyer who stole from clients in part to finance his ‘Excuseman’ character given 3 years in prison
(DBN)

Secret Service arrested El Paso shooting 'hero' as he was about to be honored by Trump at White House
(DBN)

Tx. Dad Stopped Son from a Mass Shooting
(DBN)

Trial By Combat Attorney Going To Need Those Fighting Skills In Prison
(DBN)

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Judges:

Investiture of Judge John T. Dorsey and Judge Karen B. Owens
(DBN)

Third Circuit Forms Workplace Conduct Committee and Announces Appointment of First Director of Workplace Relations
(DBN)

An Unfinished Dialogue: Congress, the Judiciary, and the Rules for Federal Judicial Misconduct Proceedings
(DBN)

Appointment of Judge Meredith S. Grabill
(DBN)

Public Notice for Reappointment of the Honorable Daniel S. Opperman United States Bankruptcy Judge Eastern District of Michigan
(DBN)

Judge Olson Should Have Stepped Down From Case Involving Spouse's Firm, New Ruling Finds • Bankruptcy Judge Again Told He Should Have Recused
(DBN)

Recession Could Leave Justice Delayed or Denied in State Courts
(DBN)

Clarence Thomas’s Radical Vision of Race
(DBN)

Retired Texas judge in need of a transplant finds her match in a former colleague
(DBN)

Gorsuch, Trump’s High Court Pick, Says U.S. in ‘Civility Crisis’
(DBN)

'Do you really want me to rule the country?': Neil Gorsuch on the Supreme Court's right turn
(DBN)

Controversial Trump Court Pick Gets Expedited Senate Confirmation Hearing
(DBN)

Judge Promoted by Trump Administration Threatened a 2-Year-Old With an Attack Dog
(DBN)

Liberal Supreme Court justices vote in lockstep, not the conservative justices
(DBN)

Judge had no authority to refuse to drop charge against ‘straight pride’ parade observer, justice rules
(DBN)

Indiana judge shot at White Castle during judicial conference enters guilty plea
(DBN)

New trial ordered after judge allegedly threw pocket Constitution during voir dire outburst
(DBN)

Judge Posner Highlighted The Pro Se Litigant Crisis — The End Of His Project Underscores It
(DBN)

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Wall Street:

Stock futures little changed ahead of inflation data
(DBN)

Stocks close little changed as tech shares and Ford weigh on the market
(DBN)

US stocks are dropping after Chinese factory prices fall, stoking fears deflation is spreading
(DBN)

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Layoffs:

Trade War Has Killed 300,000 US Jobs
(DBN)

Uber lays off more than 400 engineering, product employees
(DBN)

EQT Layoffs 2019: 200 Lose Jobs In Aim To 'Empower' Employees, Memo Says
(DBN)

Layoffs coming as Fred's closes Dublin distribution center
(DBN)

More Than 200 Employees Get Pink Slips at Staples
(DBN)

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Politics:

Democratic primary voters expect Elizabeth Warren to crush the third 2020 Democratic debate, while expectations of Joe Biden have taken a sharp downturn • Biden, Warren to share a 2020 debate stage for the first time on Thursday night • Biden Aims to Use Debate to Question Warren’s Corporate Work • Biden, Warren Near First Showdown • They Meet at Last: Biden-Warren Matchup Is Main Event in Debate
(DBN)

CNN poll: 60% of Americans say Trump doesn't deserve to be re-elected
(DBN)

The Myths of the “Genius” Behind Trump’s Reelection Campaign
(DBN)

Former Reagan Advisor on Trump
(DBN)

GOP’s Bishop beats Democrat McCready in redo of North Carolina House race, NBC News projects • Republicans Hold NC Congressional Seat
(DBN)

Native American voters could help swing the 2020 presidential election
(DBN)

Democracy Is Fighting for Its Life
(DBN)

Wall Street executives are saying Elizabeth Warren’s 2020 bid has ‘got to be stopped’
(DBN)

Did CNBC’s Jim Cramer just give us ‘the greatest Warren campaign ad possible?’
(DBN)

Here’s who America’s CEOs are backing in the Democratic presidential race
(DBN)

Elizabeth Warren and Bernie Sanders would stand to benefit from the most from Andrew Yang dropping out of the 2020 presidential race
(DBN)

Trump Fires John Bolton In Final Break After Months Of Internal Policy Division Facebook Twitter Flipboard Email • Oil slides after Trump's firing of national security adviser John Bolton calms war fears • The Internet is blowing up with bewildered reactions and memes about Trump's abrupt firing of National Security Adviser John Bolton • Trump and John Bolton are fighting over whether he was fired or resigned • After jettisoning war-monger Bolton, Trump emerges as a left-winger on foreign policy • John Bolton left because Trump wouldn’t let him start a war • As frustration with Bolton mounted, Trump reached out to ex-adviser McMaster • John Bolton Will Hold This Grudge • With Bolton's departure, Pompeo gets 'more running room' • Tucker Carlson took a victory lap over John Bolton's ousting, after reports he lobbied Trump to fire him • Iranian official mocks John Bolton after he's ousted from Trump's White House • Bolton's chaotic White House departure • John Bolton's Resignation Letter
(DBN)

Senate confirms Kelly Craft to represent U.S. at UN General Assembly
(DBN)

Jim Mattis explains why he went to work for the Trump administration
(DBN)

1,688 Polling Places in Southern States Closed
(DBN)

The head of the National Weather Service led a standing ovation for staff who corrected Trump after he said Hurricane Dorian could hit Alabama • Wilbur Ross’s threat to fire NOAA officials over a tweet turns Sharpiegate into a real scandal • A Fight for the Soul of NOAA
(DBN)

Trump wants to cut the safety net. It kept 47 million people out of poverty last year
(DBN)

Trump makes unfounded voter fraud claim — while campaigning for seat opened by GOP election cheating
(DBN)

____________

Crypto:

Judge OKs transfer of QuadrigaCX cryptocurrency exchange case to Toronto court
(DBN)

Cryptomania - Libra, Cryptocurrencies And The Potential Issues They Pose for Insolvency Practitioners
(DBN)

____________

Travel:

Trustee files motion to dismiss JG Worldwide bankruptcy case
(DBN)

____________


Economy:

'Two decades with no progress for the middle class': New census data shows household income is the same as in 1999 • Income, Poverty and Health Insurance Coverage in the United States: 2018
(DBN)

Trump says Fed ‘boneheads’ should cut interest rates to zero ‘or less,’ US should refinance debt
(DBN)

Poverty rate for female-headed U.S. families falls in 2018 to lowest level on record
(DBN)

BLS: Job Openings "Little Changed" at 7.2 Million in July
(DBN)

A majority of Americans think a recession will strike in the next year — and they're blaming Trump's trade war
(DBN)

Americans are piling on credit card debt, despite recession warnings
(DBN)

Small Borrowers Continue to Struggle Without Relief
(DBN)

Trump's trade war is triggering a 'sharp slowdown' among American small businesses • 'Big Short' investor Steve Eisman says Trump 'basically has to give in' to end the US-China trade war • US companies are canceling investment into China at a faster clip, survey shows • The Trade War Will Catch Up to Trump • Critical window is about to close for U.S.-China trade deal • China Will Win Trade War And Be Tech Independent In 7 Years, Analyst Predicts • Trump’s trade war with China is hurting farmers, but they won’t abandon him yet • China to remove tariffs on some U.S. products, but not pork or soybeans • China just removed tariffs from some American exports — but ranchers are still going to feel the pain as farm produce still faces levies • China exempts 16 American products from additional tariffs — here’s the full list
(DBN)

Trump Prepares ‘Apology Package’ For Disgruntled Farmers
(DBN)

Small Business Optimism Index Decreased in August
(DBN)

Port of Los Angeles: Imports increased, Exports decreased in August
(DBN)

The economic numbers are continuing to defy the recession hype
(DBN)

Most U.S. CLO debt owners are unlikely to be ‘forced sellers’ in a downturn, says Bank of America
(DBN)

Jamie Dimon says JP Morgan is preparing for the risk of zero rates in the US
(DBN)

Even 40-something Americans who know they should be saving more for retirement are too mired in debt to do it
(DBN)

Americans have a very favorable view of almost all labor unions
(DBN)

Here’s how Elizabeth Warren’s wealth tax could hit the fortunes of Bezos, Gates and Buffett
(DBN)

Worker angst is spreading around the globe. This pilots’ strike is the latest example
(DBN)

10 charts that show how America's population, economy, and government have changed since 9/11
(DBN)

California gig workers bill clears major step
(DBN)

The $15 Trillion Phantom
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

Ditech Deal With Homeowners Paves Way for $1.8 Billion Sale
(DBN)

Mortgage Applications Increased in Latest Weekly Survey • Weekly mortgage applications rise as buyer’s market takes hold
(DBN)

Seattle Real Estate in August: Sales up 5.1% YoY, Inventory up 25% YoY from Low Levels
(DBN)

WeWork is worth 70% below where it last raised money, NYU’s ‘dean of valuation’ says • WeWork Mystery: Who Owns 75% of Its Junk Bonds?
(DBN)

Ditech Inches Closer to RMS Sale, Seeks New Bankruptcy Plan
(DBN)

Mnuchin considers appealing Fannie Mae, Freddie Mac investor lawsuit to the Supreme Court
(DBN)

Steve Mnuchin Wants To Stop Taking All Of Fannie And Freddie’s Profits, He Just Wants To Talk About It A Little More
(DBN)

US Home Finance System in Horrible Shape
(DBN)

Trump's housing finance plan will make mortgages more expensive, especially for black borrowers, say housing groups
(DBN)

Housing finance reform battle lines drawn in Senate hearing
(DBN)

Experts: New housing construction shortage expected to last until 2022
(DBN)

43-Acre Estate Of Pilgrim’s Pride Founder Lonnie Pilgrim Goes To Auction Next Month
(DBN)

These photos of abandoned malls and golf courses reveal a new era for the American suburb
(DBN)

____________

Municipalities:

Former Regional FEMA Administrator Arrested for Fraud Related with Puerto Rico’s Electrical Grid Recovery
(DBN)

____________

Oil/Gas:

What Bolton’s exit means for the oil market
(DBN)

U.S. oil prices rise as sources say API data show a sizable weekly crude supply decline
(DBN)

After fire, Philadelphia refinery paid executives $4,591,500 in bonuses while hundreds were laid off • Bonuses paid to PES refinery executives infuriate ex-workers and environmentalists
(DBN)

Natural gas prices expected to stay low through 2024
(DBN)

Oil and gas companies need to rethink their business
(DBN)

____________

Media:

Bankruptcy Sale Puts Radio Trio, Newspaper Group In New Hands
(DBN)

The death of newspapers is bad for democracy, good for Trump
(DBN)

____________

Healthcare:

Regional bank buys Eastern KY hospital in bankruptcy auction. Here’s what it plans
(DBN)

Del. Judge 'Unlikely' To Halt True Health Medicare Payments
(DBN)

Cancer patients turning to crowdfunding to help pay medical costs
(DBN)

How Greedy Hospitals Fleece the Poor
(DBN)

UVa promises changes after report on medical debt collection
(DBN)

Pallone & Neal Say Illegal Sale of Hahnemann University Hospital’s Residency Program in Philadelphia Cannot Stand
(DBN)

The number of Americans without health insurance jumped for the first time since the Obamacare debate kicked off in 2009 • The uninsured rate had been steadily declining for a decade. But now it’s rising again.
(DBN)

6 dead from vaping-related lung illness
(DBN)

____________

Travel:

Travelers flying through San Francisco are facing hundreds of delays and cancellations because of runway construction
(DBN)

____________

Pharma:

Report: Purdue Pharma owners offer to give up company that makes OxyContin
(DBN)

New Mexico sues family behind Purdue Pharma over opioids
(DBN)

Delaware Attorney General Targets Sackler Family in Opioid Lawsuit
(DBN)

Democrats just floated a new plan to take on Big Pharma and bring down the price of prescription drugs
(DBN)

Akorn And Its Growing Problems
(DBN)

____________

Aviation:

PHI emerges from Chapter 11 bankruptcy
(DBN)

Boeing’s Slow Jet Sales Send Key Demand Measure to 2009 Levels
(DBN)

French carrier Aigle Azur receives 14 takeover bids
(DBN)

____________

Taxis:

A $1.7 Million Loan, $30,000 in Income. Prosecutors Are Now Investigating
(DBN)

California passes landmark bill to treat contract workers as employees in a move that could devastate Uber and Lyft's business model
(DBN)

____________

Coal:

Coal Miners Doubt Promises of an Inclusive Energy Transition
(DBN)

Coal transports remain halted as bankruptcy judge weighs Blackjewel case
(DBN)

Blackjewel back in court over stockpiles in Honaker, Raven, Stonega, Harlan, Ky.
(DBN)

Faltering Wyoming Coal Industry Bets on Emissions Capture Breakthrough
(DBN)

McConnell Said No to Money for Miners, Yes to Russian-Backed Plant
(DBN)

____________

Payroll Services:

Auction planned to sell assets of Elkhart based-payroll company that filed for bankruptcy
(DBN)

____________

Auto Racing:

Chandler Speedway auction canceled after late bankruptcy filing
(DBN)

____________

Firearms:

Howell Munitions continues bankruptcy reorganization efforts
(DBN)

____________

 
New Bankruptcy Opinions
(7 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 (6 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)

______________

Bankruptcy Statistics:

BK ED LA: Updated Filing Statistics
(DBN)

Wisconsin Is Again Leading The Nation In Farm Bankruptcies
(DBN)

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Mediation:

Mediating a Feud: The Problem of Envisioning Future Effects
(DBN)

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Jurisdiction:

Bankruptcy Jurisdiction: The Time-of-Filing Rule Applies to “Related-To” Jurisdiction
(DBN)

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UCC:

A Recent Case Highlights the Importance of Precision in Drafting and Maintaining UCC Financing Statements
(DBN)

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Sales:

Bankrupting National Security?
(DBN)

Seventh Circuit: Section 363(m) Does Not Moot but Instead Provides a Defense to an Appeal of an Unstayed Bankruptcy Asset Sale Order
(DBN)

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Bankruptcy Reform:

The Small Business Reorganization Act Arrives in February 2020 – Here’s What you Need to Know
(DBN)

New Bankruptcy Code Amendments Change Legal Landscape for Creditors
(DBN)

The Small Business Reorganization Act – A New Subchapter for Small Businesses
(DBN)

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Litigation:

Delaware Supreme Court Instructs on Standards of Deposition Conduct
(DBN)

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Plan Confirmation:

The Same, Only Better: Eighth Circuit Affirms Peabody Chapter 11 Plan Backstopped Rights Offering Despite Alleged Disparate Creditor Treatment Under Peabody Plan
(DBN)

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Student Debt:

Warren Urges Defunct For-Profit to Stop Collecting Student Debts
(DBN)

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

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Retailing:

UPS just said it is hiring 100,000 temp workers as it braces for a 'record' year of holiday online shopping
(DBN)

A brewing FTC antitrust investigation into Amazon is looking more and more serious
(DBN)

These 17 retailers have filed for bankruptcy or liquidation in 2019
(DBN)

Nordstrom is growing its fleet of stores that sell hardly anything at all
(DBN)

Several SC towns lose shopping options as national chain is closing all of its stores
(DBN)

Once part of failed Walgreens-Rite Aid merger, retailer to go out of business
(DBN)

Stage Stores: Gordmans Provides Hope, But The Clock Is Ticking
(DBN)

Barneys is Bankrupt: Can Massive Type, Vulnerability + Wit Help?
(DBN)

____________

Fraud:

Ex-FEMA official arrested for allegedly accepting bribes after Hurricane Maria
(DBN)

Kim Kardashian Sets Raj Rajaratnam Free And What Are We Even Doing Here?
(DBN)

____________

Education:

Jerry Falwell Jr. says ex-Liberty U. board members engaged in ‘criminal conspiracy’ to oust him • Falwell: FBI to Investigate Criminal Conspiracy at Liberty University • New Photos Emerge of Falwell at Miami Nightclub
(DBN)

Betsy DeVos’s Extraordinary Crackdown on Michigan State
(DBN)

____________

Autos:

Nissan CEO: From Defiant to Fired in One Day
(DBN)

____________

Religion:

Judge approves $2.5M sale of Holy Trinity church amid ‘weeping’ Virgin Mary claims • Faithful at Chicago Church Say 'Weeping' Virgin Mary is Sign of 'Miracle'
(DBN)

Chicago Greek Orthodox Church Sold for $2.5 Million
(DBN)

Auction date set for properties once controlled by Rev. Leon Finney Jr.
(DBN)

____________

Electricity:

California wildfire victims lawyer calls PG&E plan 'totally unacceptable' • Fire victims say PG&E's $18B bankruptcy plan not enough • PG&E’s Plan to Cap Fire Liabilities at $18 Billion Draws Ire
(DBN)

PG&E offers $18 billion for wildfires — less than half would go directly to victims
(DBN)

Judge Will Use Experts to Estimate PG&E's Wildfire Liability
(DBN)

PG&E Looks to Mid-2020 to Emerge from Bankruptcy; San Francisco Bids for Power System
(DBN)

Judge unlikely to let PG&E stop trial over 2017 Tubbs Fire
(DBN)

PG&E stock slides on plan to exit bankruptcy, pay wildfire claims
(DBN)

____________

UK:

What the U.K.’s Political Drama Means for Brexit
(DBN)

Obituary: June Morrison MBE, insolvency expert
(DBN)

Court rules Boris Johnson's parliament suspension is unlawful
(DBN)

Boris Johnson plans to solve Brexit by building a bridge over the sea between Scotland and Northern Ireland
(DBN)

____________

PIIGS:

Meet the Americans, Brits, and Europeans flocking to Italy's rural ghost towns to buy abandoned, dilapidated homes for $1
(DBN)

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Canada:

To pay off or borrow more is the question facing Canadians
(DBN)

____________

China:

China August factory deflation deepens, prices fall most in three years; pork prices soar • China's factory prices fall faster as weak demand hits economy
(DBN)

Enough With the Old Chinese Debt Already
(DBN)

China's Middle Class is Growing Anxious
(DBN)

____________

MENA:

Saudi Arabia contractor Al-Khodari presents restructuring plan
(DBN)

Trump, Iran's Rouhani could meet at UN, Pompeo says
(DBN)

____________

India:

India steel tycoon attacks bankruptcy regime after deal delay
(DBN)

'Turbulence in insolvency process of Jet Airways'
(DBN)

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Belgium:

Reading Co-Owner Sold Majority Share In Sister Club Before Bankruptcy
(DBN)

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Argentina:

Why is Argentina on the Verge of Financial Collapse Again?
(DBN)

Who Lost Argentina, Again?
(DBN)

____________

Mozambique:

Mozambican creditors approve proposed restructuring of Eurobond issue
(DBN)

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Australia:

Done Deed: Court rejects application to void or terminate DOCA
(DBN)

____________

Caymans:

Court - to - court Communications and cooperation in cross - border insolvency and restructuring cases
(DBN)

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