September 12, 2019

The Daily Bankruptcy News

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Law:

Biglaw Associates Continue To Be Incredibly Stressed, Overworked
(DBN)

MoFo ‘Mommy Track’ Lawsuit Heats Up Over Discovery Dispute
(DBN)

Alabama Law School Statement Seems To Misunderstand How Reality Works
(DBN)

The Relationship Between Law School Coursework And Bar Exam Outcomes
(DBN)

Struggling Law School’s Dean Unexpectedly Resigns Amid News Of Missing Student Loan Funds
(DBN)

ABA legal ed section denies Florida Coastal’s nonprofit application; more info needed from school
(DBN)

Chicago's First Public Law School Makes Its Debut
(DBN)

ABA Finds UDC And WNE Law Schools Out Of Compliance With Accreditation Standards
(DBN)

The $100,000 Per Year Law School Is Slowly And Quietly Coming Soon
(DBN)

Laid-Off Attorneys Face Unfair Biases
(DBN)

Biglaw Founder Committed To The Troops
(DBN)

Why lawyers will love the iPhone 11 and iPhone 11 Pro
(DBN)

New rules in this state give break from court appearances to lawyers who are new parents
(DBN)

How power dynamics in the workplace shield perpetrators of harassment
(DBN)

Jeffrey Epstein Burrowed Into the Lives of the Rich and Made a Fortune Jeffrey Epstein seen with young girls on his plane in 2018 as authorities eyed his travel abroad FOIA Request Apparently Reveals Jeffrey Epstein’s Last Mugshot, Plus Details of Investigation Should Davis Polk Be Investigating the Epstein-Wexner Mess?
(DBN)

Trump Faces Dozens of Investigations by House Democrats
(DBN)

Trump Attorneys Accuse NY AG of ‘Conspiring’ with House Democrats to Reveal Tax Returns
(DBN)

Michael Flynn Lawyer Assails U.S. Case Against Ex-Trump Aide Michael Flynn’s Lawyer Says Going After Prosecutors Is Primary Goal, Not Withdrawing Guilty Plea
(DBN)

Prosecutors Asked Michael Cohen About Trump Org Possibly Falsifying Business Records: Report
(DBN)

Jeff Bezos, Elon Musk, Sergey Brin, and Marissa Mayer reportedly attended an elite private dinner with Jeffrey Epstein just 2 years after he served a prison sentence for soliciting sex from a 14-year-old girl
(DBN)

Supreme Court Allows Trump Administration to Block Most Central American Asylum Claims at the Border Court allows government to enforce restrictive asylum rule nationwide Supreme court decision to let Trump deny asylum reverses years of US policy Court ruling again allows Trump asylum restrictions in Texas and New Mexico Trump’s asylum ban may be a loyalty test for the Supreme Court 450 miles of border wall by next year? In Arizona, it starts Administration provides few answers for critically ill immigrants facing possible deportation
(DBN)

Ban on political robocalls violates First Amendment, 9th Circuit rules
(DBN)

Judge Blocks North Dakota’s Anti-Abortion Law: ‘Devoid of Scientific Support, Misleading and Untrue’
(DBN)

Lawyer Disciplined for ‘Bait and Switch’ of Murder Client
(DBN)

‘Sex is fun, and I can get paid for it’, says criminal lawyer who side hustles as prostitute
(DBN)

U.S. Supreme Court will decide Michigan transgender woman’s employment discrimination case
(DBN)

Trump Admin: Businesses Can Fire Men for Being Gay If They Fire Women for Being Lesbian, Too. ACLU: No.
(DBN)

The NFL could put Antonio Brown on paid leave after he was accused of rape and sexual assault
(DBN)

Sexual Misconduct in MI AG Office - All Brian Kolodziej's Cases Reviewed
(DBN)

Pistols Pulled Over Cold Food At McDonald's
(DBN)

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Judges:

Bankruptcy judge should have recused because of fiancée’s job offer, federal court says
(DBN)

Judge waives bond, releases 'high-achieving' Florida student accused of sex assault
(DBN)

“Do You Want Him To Bite You?”: Immigration Judge Accused Of Threatening Child With Dog Attack If He Did Not Keep Quiet
(DBN)

'Can Y'all Play Nice?' Judge Asks Counsel in Case of Lawyer Who Slapped Another Attorney
(DBN)

Trump's People Tried to Rush This Judge Through the Senate. I Can See Why.
(DBN)

Senate confirms 150th Trump judicial nominee
(DBN)

Administration bars access to immigration tent courts
(DBN)

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Wall Street:

US futures point to a higher open on Wall Street
(DBN)

Dow jumps more than 200 points, closes above 27,000 for the first time since July
(DBN)

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Layoffs:

600 People Are Going To Stop Talking To Chuck Schwab Fires 600 Over Fed Rate Cut
(DBN)

33,000 newsroom jobs slashed
(DBN)

Coney Island to cut 285 jobs, sell rides
(DBN)

Long Island Manufacturer To Close, Lay Off 63
(DBN)

Ex-Westlake Hospital workers bring class action vs Pipeline, say violated WARN Act in closing hospital
(DBN)

Mountain View cybersecurity giant Symantec begins layoffs
(DBN)

Harley Davidson to lay off 40 employees in Wisconsin
(DBN)

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Golf:

What’s Happening to All of America’s Defunct Golf Courses?
(DBN)

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Religion:

Worshippers flock to see ‘crying’ Virgin Mary picture in ‘bankrupt’ church in Chicago
(DBN)

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Climate:

Banks Are Finally Starting to Account for Climate Change Risk Are Financial Services Finally Catching Up With Climate Change Disclosure?
(DBN)

26 feet of water: What the worst-case hurricane scenario looks like for Tampa Bay
(DBN)

Chief climate change skeptic to leave White House
(DBN)

Dorian's devastation in Bahamas: 2,500 people are still missing
(DBN)

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Pharma:

Purdue Pharma nears partial opioid settlement, bankruptcy filing The Sacklers tentatively agreed to pay $3 billion out of their pockets and dissolve Purdue Pharma to settle thousands of opioid lawsuits Purdue Pharma reaches tentative deal to settle roughly 2,000 state and local opioid cases Tentative opioid deal won’t end court battles for Purdue New York, New Jersey, Connecticut Refuse To Join Reported Settlement With OxyContin Maker In Opioid Lawsuit What's ahead after the Purdue tentative settlement
(DBN)

States Split Over Purdue’s $12 Billion Opioid Epidemic Settlement Plan Why Cities and Counties Settled with Purdue While Some States Wouldn't Touch It At least 16 states reject settlement with OxyContin maker Purdue Pharma Purdue Opioid Plan Pits State Against State on Epidemic Cost
(DBN)

A hitch in Purdue Pharma's OxyContin settlement
(DBN)

U.S. judge approves novel framework for opioid settlement talks
(DBN)

US Bankruptcy Court Confirms Aegerion Plan Ahead Of Amryt Buy
(DBN)

New York Is Going After Opioid Makers for Billions of Dollars, Cites ‘Diabolical’ and ‘Brazen’ Scheme
(DBN)

Former NJ Prosecutor: Opioid Makers Donating to State Attorneys General Is a ‘Toxic Cocktail’
(DBN)

Amryt soars as US bankruptcy court clears way for Aegerion acquisition
(DBN)

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Healthcare:

Absolut nursing home company files for bankruptcy Absolut Care files for bankruptcy, to close Orchard Park nursing home Union official: Absolut bankruptcy was a surprise First Day Dec
(DBN)

Ex-CEO on potential merger to save bankrupt hospital: 'Perhaps this time they will succeed'
(DBN)

Albany: Colonie primary care practice, real estate company file for bankruptcy
(DBN)

StemGenex clinic bankruptcy reveals surprises including huge revenue
(DBN)

What we know about mysterious vaping-linked illnesses and deaths
(DBN)

Trump moves to ban flavored e-cigarettes
(DBN)

Millions of Americans aren't getting health insurance
(DBN)

Texas Leads Nation in Uninsured
(DBN)

Medicaid's Dark Secret
(DBN)

St. Clare’s Hospital workers sue over unpaid pension benefits
(DBN)

Health Insurers Will Refund $743 Billion to Consumers This Month
(DBN)

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Food/Beverage:

Judge: StarKist to pay $100M fine in tuna price-fixing case
(DBN)

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Mass Torts:

J&J Moves for Talc Mistrial After Judge Strikes Entire Closing Argument
(DBN)

Johnson & Johnson Hit With $37.3M Talc Verdict in New Jersey J&J Hit With $37.3M Verdict
(DBN)

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Economy:

Trump calls Fed officials 'Boneheads' as he demands zero or negative interest rates Trump reverses course, seeks negative rates from Fed ‘boneheads’ Mr. Trump, It's Not Fed Officials Who Are The 'Boneheads' Trump raises pressure on Fed, seeking rates of zero or less
(DBN)

What 0% Interest Rates Mean for Your Pocket
(DBN)

Negative Interests Rates Aren't Working
(DBN)

Recession? Manufacturing Starts to Worry
(DBN)

Is A 'Greater Recession' Inevitable?
(DBN)

Not so fast: central banks push back against markets greedy for stimulus
(DBN)

Trump Brags He’s the ‘King of Debt,’ But He Doesn’t Get It
(DBN)

US producer prices unexpectedly rise in August
(DBN)

Merrill on Retail "Consumer demand pulled back in August"
(DBN)

White House could consider capital gains tax plan Trump appeared to abandon
(DBN)

Trump's mixed economic record has a bright spot: Rising wages
(DBN)

Trump can spin economic numbers – but he likely can’t manipulate them, experts say
(DBN)

Deutsche Bank sees four rate cuts by January, says the US risks ‘zero rates’ if trade war escalates
(DBN)

Wholesale prices inch up in August, PPI shows, but inflation isn’t stirring very much
(DBN)

Trump’s approval on the economy slides as recession fears grow
(DBN)

Fact-checking Trump's claims about China's economy
(DBN)

Immigrants are driving growth in U.S. cities
(DBN)

Trump's trade war is being felt throughout the economy Trade Wars: Trump Targets Allies Too Trump Puts Off New China Tariffs for 2 Weeks China Lost the United States First Trump’s ‘small concession’ doesn’t mean the trade war is ending Mexico may be an unexpected winner of the US-China trade war Democrats should give Trump a win on his trade deal with Mexico and Canada U.S. and China Are Growing Hungry for a Trade Deal
(DBN)

Half of Americans would blame Trump for a recession if the economy tanks under his watch
(DBN)

The gig economy has costs. We can no longer ignore them The Gig Economy is in Trouble
(DBN)

America's sweeping tide of diversity
(DBN)

For the first time in US history, people of color are majority of new hires
(DBN)

It now costs $350,000 a year to live a middle-class lifestyle in a big city—here’s the sad reason why $350,000 is Barely Middle Class?
(DBN)

Illiquid assets in mutual funds pose potential ‘fire sale' crisis - Fed study
(DBN)

Here's how much police officers make in every state
(DBN)

Why this overlooked ‘black swan’ poses a ‘monstrous’ risk to the stock market
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Disruption: How buying and selling a home could soon be as simple as trading stocks
(DBN)

Here’s how many people tapped a retirement plan to buy their house
(DBN)

Houston Real Estate in August: Sales up 4% YoY, Inventory Up 8%
(DBN)

America's home price growth continues to slow as economic tension heightens
(DBN)

Stearns Reaches Agreement With Largest Noteholders on Modified Plan of Reorganization
(DBN)

CoreLogic: Lack of housing inventory drives home prices up 3.6% in July
(DBN)

Bondholders With $1.1 Billion Riding on N.J. Mall Get a Peek
(DBN)

California approves statewide rent control bill
(DBN)

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Municipalities:

Major plan for Puerto Rico debt coming this month, attorney says
(DBN)

Moody’s views addition of bond insurers for Prepa RSA as ‘significant progress’
(DBN)

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Oil/Gas:

Alta Mesa Resources Files In BK SD TX - First Day Dec Alta Mesa Resources and Alta Mesa Holdings File Voluntary Bankruptcy Petition; Announce Leadership Changes
(DBN)

Weatherford to appear back in bankruptcy court Court OK's Weatherford Chapter 11 plan
(DBN)

Electric Cars Dominate Frankfurt Auto Show
(DBN)

Oil Demand Growth Weakest In Nearly A Decade
(DBN)

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Festivals:

A party planned for the millions of Facebook users signed up to storm Area 51 is raising concerns it could become 'Fyre Fest 2.0' 'Storm Area 51' creator pulls out of his own event, calling it Fyre Festival 2.0
(DBN)

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Mass Torts:

Lawsuits. Possible bankruptcy. Declining members. Is there a future for the Boy Scouts?
(DBN)

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Politics:

Elizabeth Warren’s Plan For ‘Big Structural Change’ Threatens Joe Biden’s Delaware
(DBN)

‘Why Are You Pissing In Our Face?’: Inside Warren’s War With the Obama Team
(DBN)

Too bad Warren is a hypocrite
(DBN)

Poll: Democrats Most Like Warren, But Voters Overall Are Lukewarm On Democrats, Trump Joe Biden and Elizabeth Warren are tied at 26 percent in this new poll Warren rises as solid Democratic option behind Biden, Sanders: Reuters/Ipsos poll Poll: All 2020 Democrats but Warren beat Trump in New Hampshire President Donald Trump furious at 2020 poll showing him trailing 5 Democrats It's going to get very, very ugly: That's all we know
(DBN)

GOP Pours Cold Water on Trump Third Term
(DBN)

Democrats Brace for an Endurance Test at Houston Debate
(DBN)

Sen. Elizabeth Warren Rallies 5,000 Local Supporters at Austin Event Elizabeth Warren assails ‘corruption,’ promises change as Democrats swarm to Texas In Austin, Elizabeth Warren gives selfies, and lot of herself The rise, and rise, and rise of Elizabeth Warren in New Hampshire Elizabeth Warren goes after LGBTQ vote with booth at DragCon Apparently, Bankers Are Feeling Threatened by Elizabeth Warren
(DBN)

Warren is the only winner in polls after previous Democratic debates
(DBN)

Biden camp thinks the media just doesn’t get it Joe Biden is shaping up to be an uninspiring Hillary 2.0
(DBN)

What to expect at the September Democratic debate
(DBN)

Trump had an unusual reaction to 9/11 just hours after the attacks: Now I Have The Tallest Building In NYC FactCheck: Trump Helped at Ground Zero
(DBN)

The cracks in the GOP’s gerrymandering firewall
(DBN)

Trump ranted about poll numbers and the 'LameStream Media' minutes before the national moment of silence to remember 9/11
(DBN)

Trump Took A Big Loan From Trump And Never Paid Trump Back ... Because It's A Tax Scam
(DBN)

‘A New Low’: NC Republicans Override Governor’s Veto While Dems Attended 9/11 Ceremony
(DBN)

Trump rips into John Bolton, denies he resigned Inside Bolton’s exit: Mongolia, a mustache, a tweet Trump's Vicious Takedown of John Bolton
(DBN)

President Trump ordered NOAA statement supporting his inaccurate claim that Alabama was at risk from Dorian
(DBN)

North Carolina GOP Hits Another All New Low "Shame on You"" North Carolina GOP
(DBN)

Republican Gerrymander Whiz Had Wider Influence Than Was Known
(DBN)

Israel Accused of Planting Spy Devices Near White House
(DBN)

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Religion:

Through ‘Lookback Window,’ Jewish Orgs Face Retribution for Child Sex Abuse
(DBN)

A church lured in homeless people - then locked them in houses and forced them to panhandle, feds say
(DBN)

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Logistics:

Kansas City-based logistics company files for bankruptcy
(DBN)

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Education:

Expert predicts 25% of colleges will "fail" in the next 20 years
(DBN)

Here’s How to Make Colleges Accountable and Affordable, Sen. Rick Scott Says
(DBN)

2020 U.S. News College Rankings
(DBN)

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Hotels:

FL: Court approves $7.5M settlement over Bal Harbour hotel
(DBN)

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Electricity:

Does PG&E’s Reorganization Plan Have Any Support?
(DBN)

PG&E’s Busy Week Offers More Heat Than Light
(DBN)

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New Bankruptcy Opinions
(5 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (31 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (5 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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Sales:

Bankruptcy Sale: Maximizing Bankruptcy Estate Assets Trumps Contractual Obligations
(DBN)

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Privacy:

Data Privacy and Bankruptcy—Notable Non-bankruptcy Privacy Laws
(DBN)

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Tax:

The city in every state where you're most likely to be audited by the IRS
(DBN)

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Student Debt:

Hasan Minhaj tells Congress that student loan debt is ‘a paywall to the middle class’
(DBN)

Half of student loan borrowers worry they’ll be in debt forever, study finds
(DBN)

Student Loan Forgiveness: Where The Top Democratic Presidential Candidates Stand
(DBN)

Student Loans: 'This Is A $1.6 Trillion Consumer Protection Crisis'
(DBN)

AOC makes student loan payment during congressional hearing on student loans
(DBN)

New Research: Juggling Student Loans, Saving for Retirement and Other Priorities
(DBN)

Consumers in Their Mid-30s Have the Highest Average Student Loan Debt
(DBN)

What Americans Get Wrong About Student Debt
(DBN)

‘Brazen Act of Lawlessness’: Betsy DeVos’ Education Dept. Accused of Obstructing Student Loan Probes
(DBN)

GAO: Department Of Education Rejects 99% Of Applications For ‘Expanded’ Public Interest Loan-Forgiveness Program
(DBN)

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Arbitration:

Lawmakers want to give Americans back their right to sue companies
(DBN)

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Make-Whole:

The Fifth Circuit Rules That a Make-Whole Premium Is Unmatured Interest Generally Disallowed in Bankruptcy
(DBN)

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Retailing:

U.S. Retail Bankruptcies Rise, Store Closures Jump in First Half of 2019
(DBN)

Forever 21 to File for Bankruptcy: Report Forever 21 Prepares for Potential Bankruptcy Forever 21 could file for bankruptcy protection as early as Sunday, report says Forever 21 Bankrupt Claims Denied By Company: 'No Plans To File For Bankruptcy'
(DBN)

Bon Worth files for Chapter 11 bankruptcy
(DBN)

GameStop to close up to 200 stores by year’s end The world's biggest video game retailer, GameStop, is closing hundreds of stores as it attempts to stay afloat — and that's just the first wave of closures GameStop sales down 14% as it outlines turnaround plan
(DBN)

Fred’s Taps SB360 Capital Partners to Consult on Final 81 Store Closures
(DBN)

6 Retail Stocks on the Verge of Bankruptcy
(DBN)

The death of the department store and a dwindling middle class
(DBN)

'Retail Apocalypse' Far From Over
(DBN)

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Newspapers:

Express, commuter newspaper published by The Washington Post, shuts down after 16 years
(DBN)

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Corporate Governance:

Credit Risk Is Higher at Companies With Fewer Women Directors
(DBN)

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Coal:

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

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Taxis:

Uber Braces for Fight Over Big Change to Gig-Economy Work Rules California Senate passes ride-share bill that has divided Democrats over the future of Uber and Lyft drivers California Prepares to Upend Uber & Lyft Business Model
(DBN)

The Final Nail in Uber's Coffin
(DBN)

Uber: Drivers Aren't Part of Our Core Business
(DBN)

Prosecutors Investigating Whether NYC Taxi Drivers Were Exploited, ‘Encouraged to Take on Massive Debt’
(DBN)

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Fraud:

South Florida Woman Sentenced to Prison and Ordered to Pay $1.6 Million in Restitution for “Fortune Telling” Fraud Scheme
(DBN)

SEC Says Sports Betting Club Offering "Quintillion-Fold" Returns Was $29 Million Ponzi Scheme
(DBN)

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Agribusiness:

U.S. farmers, battered by low commodity prices and trade war, brace for things to get worse
(DBN)

Ag Lenders and Vendors: The Family Farmer Relief Act of 2019 Opens Chapter 12 Bankruptcy to More Farmers
(DBN)

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UK:

Retailers call for action as high street store closures soar
(DBN)

Sports Direct Faces Chaos After Failing to Appoint Auditor
(DBN)

Skint Katie Price faces losing £2m mucky mansion and is due back in court over £12k a month bankruptcy repayments
(DBN)

Scottish court rules Boris Johnson illegally suspended Parliament and misled the queen 'Is the Prime Minister a criminal?' projected onto British Parliament
(DBN)

The Queen Gets Dragged Into the Brexit Quagmire
(DBN)

The insidious ideology pushing us towards a Brexit cliff-edge
(DBN)

The Secret No-Deal Brexit Docs Released
(DBN)

U.K. Warns of Sweeping Risk of Chaos From No-Deal
(DBN)

What is the Irish backstop? All you need to know about the border dispute blocking an orderly Brexit
(DBN)

Europeans once hoped the British would reverse Brexit. Now, many can't wait for them to leave.
(DBN)

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EU:

EU: Transferability handcuffs and its impact on debt restructurings with JPMorgan
(DBN)

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PIIGS:

Underpopulated Italian region offers visitors €25,000 to move in
(DBN)

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Canada:

Class-action lawsuit alleges systemic abuse at defunct private Christian school in Ontario
(DBN)

Ontario formalwear retailer Tuxedo Royale closes stores amid ‘financial restructuring’
(DBN)

Canada’s Insolvency Reforms
(DBN)

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MENA:

Trump Considers $15Bn Lifeline for Iran
(DBN)

Bad loans of three energy projects in Turkey harbinger of difficult days ahead
(DBN)

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China:

China's rust belt
(DBN)

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Mozambique:

Mozambique debt restricting talks to continue This African country will continue debt restructuring talks despite 'tuna bond' court ruling
(DBN)

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South Africa:

S. Africa Unsecured Loan Boom Leaves 40% of Borrowers in Default
(DBN)

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