September 16, 2019

The Daily Bankruptcy News

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Law:

U.S. Trustee Moves to Convert LeClairRyan to Chapter 7
(DBN)

O'Melveny Duels With Bankrupt Ex-Client in $54M Malpractice Fight
(DBN)

Biglaw Didn’t Used To Be This Profitable
(DBN)

Katten Draws Respected Bankruptcy Partner James V. Drew
(DBN)

Florida Coastal federal financial aid to be released, following letter of credit submission
(DBN)

Why Can’t Emory Law School Professors Stop Using The N-Word All The Time?
(DBN)

Deputy city attorney and his family died in murder-suicide, authorities say • City Attorney Identified As Shooter In Family Murder-Suicide
(DBN)

Making the Most of Motion for Well-Being at Work
(DBN)

NY AG Rebukes Trump Claim of Coordination With Congressional Democrats
(DBN)

Eric Holder: Trump could face prosecution after leaving office
(DBN)

Justice Dept. releases part of Mueller’s conflict-of-interest waiver
(DBN)

2nd Circuit resurrects lawsuit against Trump hotel, properties • The Opinion
(DBN)

MIT Scientist: Epstein's Victims Were Willing • A meeting with Jeffrey Epstein led to a gift — and, now, regrets • Hedge fund manager told Joi Ito to keep his wife's name out of Jeffrey Epstein saga • Reid Hoffman apologizes for role in Epstein-linked donations to MIT • Harvard and MIT leaders acknowledge deeper ties to Jeffrey Epstein than previously known • Jeffrey Epstein told a journalist he funded Sophia the robot, who he claimed would have 'more empathy than a woman'
(DBN)

NY schools first to have 'red flag' petition power on guns • A novel challenge to Maryland gun laws: Trump supporters are targets • The Reasonable Right to Bear Arms • What Does the Second Amendment Really Mean? • A History of Gun Rights in America • White House expected to reveal gun control legislation this week • White House readies gun plan, but Trump still conflicted
(DBN)

McCabe asks about status of case • Lawyer for Andrew McCabe wants to know if grand jury refused to charge ex-FBI deputy director • If the Andrew McCabe grand jury refused to indict, it's a big deal • Will McCabe Bring the FBI Down With Him?
(DBN)

‘People Actively Hate Us’: Inside the Border Patrol’s Morale Crisis • The Democratic debate protesters were DACA recipients • Trump’s starting to win big on controlling the southern border
(DBN)

Joe Biden warns of the "the domestic terrorism of white supremacy"
(DBN)

The rise and fall of an Eagle Scout's deadly Fentanyl empire
(DBN)

Ohio Cheerleader Sentenced to Probation After Judge Says She Showed 'Grotesque Disregard for Life'
(DBN)

New arrests shed light on vaping's black market
(DBN)

French company held liable for death of employee after he had sex
(DBN)

LeBron James Tries To Trademark ‘Taco Tuesday,’ Proving He Understands Trademarks Better Than Ohio State
(DBN)

The DMV Is Selling Your Data To Vast Array Of Third Parties • LexisNexis Accused of Selling Driver Data to Law Firms
(DBN)

The autistic children of Donor H898
(DBN)

More than 2,000 fetal remains found at home of abortion doctor
(DBN)

September 2019 Democratic debate totally ignored abortion
(DBN)

Police arrest Minn. man for arson after a 17-year-old synagogue burns to the ground
(DBN)

The owner of a $3.6 million condo in NYC is suing the building developer because there's no wine cooler in their apartment
(DBN)

After acrimony, Georgia city closes its police department
(DBN)

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Judges:

The Enigma of Clarence Thomas
(DBN)

A former classmate of Brett Kavanaugh reportedly tipped off the FBI and senators to another allegation of sexual misconduct • A year after his confirmation hearing, Brett Kavanaugh faces a new misconduct allegation • The New York Times Anti-Kavanaugh Bombshell Is a Dud •Democrats are demanding Brett Kavanaugh's impeachment over a new sexual misconduct allegation • Trump said Brett Kavanaugh 'should start suing people' over new sexual harassment allegation • Kamala Harris and Elizabeth Warren call for the impeachment of Justice Brett Kavanaugh
(DBN)

Neil Gorsuch’s New Book Gets Dragged • Gorsuch Sides with Access to Justice Reformers in New Book • Gorsuch Says Supreme Court Justices Aren’t Liberal, Conservative • Gorsuch Joins Justices ‘Lifting the Veil’ With Memoirs
(DBN)

Judge recalled over Brock Turner rape case is fired from girls’ tennis coaching job
(DBN)

Ruth Bader Ginsburg On The One Thing That’s Missing From The Constitution
(DBN)

Judge Arrested After He Allegedly Gets All Grope-y With Client
(DBN)

Supreme Court Leaks ‘Super Rare,’ Serve ‘Ulterior Purposes’
(DBN)

Trump Closer to Flipping Next Court with Fla. Appeals Picks
(DBN)

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Wall Street:

Dow is set to slide more than 100 points on fears spiking oil will slow the global economy
(DBN)

US stock indexes end mixed; S&P 500 notches 3rd weekly gain • Dow notches 8-day winning streak, nears record on growing optimism around US-China trade
(DBN)

Goldman: That big market shift is because things aren’t as bad as everyone thought
(DBN)

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Layoffs:

Former employees accuse Illinois hospital owner of failing to give lawful termination notice
(DBN)

State Street lays off 250 IT workers in latest job cuts
(DBN)

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Education:

Hayes moves to help students hurt by college closures
(DBN)

Liberty students protest in wake of reports about Falwell • Falwell blasted Liberty student as 'retarded,' police chief as 'half-wit' in emails
(DBN)

____________

Politics:

Elizabeth Warren’s Formidable Stride
(DBN)

If everyone except for Biden, Bernie, and Warren dropped out of the 2020 race right now, Biden would be the clear loser
(DBN)

A GOP pollster said $2 billion will be spent in the 2020 election on convincing 6% of voters which party to vote for
(DBN)

President Trump blamed energy-saving bulbs for making him look orange. Experts say probably not.
(DBN)

Deal to Refuel Near Trump Resort was Obama's
(DBN)

The Suburban Vote Isn't as Blue as It Looks
(DBN)

Bolton Leaves NSC in Ruins • Bolton resigned after Trump suggested relieving Iranian sanctions • Trump and Democrats may find more foreign policy overlap post-Bolton
(DBN)

Trump is the most aggressive micromanager in the history of the Oval Office
(DBN)

What Happens if Trump Won't Step Down?
(DBN)

GOP Clashes with Trump Operatives
(DBN)

No, record players won't solve inequality
(DBN)

Trump won again
(DBN)

Kamala Harris’ debate performance fails to sway big-money donors
(DBN)

'Their only concern is for whites': Man who Trump called 'my African American' leaves GOP
(DBN)

Schiff accuses top intel official of illegally withholding 'urgent' whistleblower complaint
(DBN)

State IG Set to Recommend Discipline for Trump’s Top Iran Hand
(DBN)

Trump-Biden matchup promises epic presidential gaffes contest
(DBN)

Mike Pence said in the 1990s that being gay was 'a choice' or a 'learned behavior'
(DBN)

'Cowards run from fights': 3 Republican presidential candidates join forces to blast Trump and RNC for shutting them out of primaries • Trump's GOP challengers say canceling primaries is a mistake
(DBN)

With agency-wide email, NOAA chief moves to regain scientists' trust after defending incorrect Trump tweet • Trump administration politics have no place in weather forecasting and have damaged trust
(DBN)

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Climate:

EU Plans Tax to Combat Climate Change
(DBN)

Americans increasingly see climate change as a crisis, poll shows
(DBN)

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Pensions:

2 pension funds petition MPRA for benefit reductions
(DBN)

____________

Telecoms:

GCX Files In BK DE: First Day Dec
(DBN)

Windstream Bankruptcy: Partners Focused on Winning Business
(DBN)

____________

Personal Finance:

My husband paid me $15 an hour to be a stay-at-home mom. Here's what I learned.
(DBN)

A man who quit his law job at 49 says if you want to retire early, your income is only part of it
(DBN)

____________


Economy:

Only a few states are at serious risk of recession
(DBN)

Budget deficit smashes $1 trillion mark, the highest in seven years • Nikki Haley blasts government’s budget deficit: ‘We don’t have an endless bank account’ • House GOP to Run in 2020 on Reducing the Debt They Helped Grow
(DBN)

FOMC Preview
(DBN)

Q3 GDP Forecasts: Around 1.5% to 2.0%
(DBN)

3 things to watch as Fed meets on interest rates
(DBN)

U.S. consumer sentiment rebounds modestly in September
(DBN)

US import prices fall as petroleum, food costs decline
(DBN)

Blackstone’s Not Saying There’s A Recession Right Around The Corner
(DBN)

More Americans see Trump as responsible for economy
(DBN)

19% of Americans are considered ‘upper class’—here’s how much they earn
(DBN)

The Case for Higher US Auto Tariffs • Trump poised to hit EU with billions in tariffs after victory in Airbus case • China calls off rise in tariffs on U.S. soybeans and pork as trade overtures resume • ‘It’s not a free market’: These manufacturers say tariffs help level the playing field with China • The $400 billion outdoor industry sounds alarm on Trump’s trade war tariffs • Democratic presidential hopefuls say they wouldn’t toss Trump’s China tariffs right away • Democratic debate: Candidates hate Trump's trade war, but have no plans • Trump is failing on trade policy • There's another major trade war that's starting to heat up while everyone is focused on the US and China
(DBN)

A majority of people across the world agree that society is 'broken' — survey
(DBN)

Mario Draghi Launches Campaign For Fed Chair
(DBN)

U.S. railroad traffic and freight volume shipments slump
(DBN)

Immigration policy could handicap the U.S. in the AI talent race
(DBN)

Andrew Yang wants to pay people $1,000 a month. Is that allowed?
(DBN)

Famous economist: Government should give all French citizens $132,000 in cash when they turn 25
(DBN)

Meet the rich personal injury lawyer who is pouring millions into an effort get a $15 minimum wage on Florida’s ballot
(DBN)

Retail Sales increased 0.4% in August
(DBN)

Federal Reserve and global central banks have reached a ‘tipping point’, amplifying stock-market uncertainty
(DBN)

The case for a 4-day workweek
(DBN)

A generation of economists helped get us into this mess. A new generation can get us out.
(DBN)

The Economics Profession Desperately Needs A Recession Of Its Own
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

"Mortgage Rates' Week Goes From Bad to Worse"
(DBN)

Harlem Property Investor Who Could've Been Rich May Lose It All
(DBN)

Sacramento Housing in August: Sales Down 6.5% YoY, Active Inventory DOWN 22% YoY
(DBN)

Sanders lays out an ambitious plan on affordable housing
(DBN)

Priced out? More renters are seeking out lower cost metros
(DBN)

ATTOM: Foreclosure activity climbs slightly in August, but is still down 24% from last year
(DBN)

Reality-star-turned-fraudster highlights the risks of house flipping
(DBN)

FHFA says Fannie and Freddie must direct over one-third of multifamily loans towards affordable housing
(DBN)

____________

Municipalities:

Alphabet Soup Disaster Aid
(DBN)

A hidden cost of Chicago police misconduct: $213 million to private lawyers
(DBN)

Will Chicago Be the Largest U.S. City to Declare Bankruptcy?
(DBN)

Bankruptcy: Pain With Gain for Chicago
(DBN)

____________

Oil/Gas:

Sheridan Holding Files Prepack In BK SD TX: First Day Dec
(DBN)

More troubles for San Antonio oilman Brian Alfaro and wife
(DBN)

Battle Over $160M Claim Could Stall Elk Petroleum’s Ch. 11
(DBN)

Unsecured creditors consider challenging Alta Mesa merger • Summary: New Chapter 11 Filing - Alta Mesa Resources Inc.
(DBN)

Shale Slowdown Takes Its Toll On Oil & Gas Jobs
(DBN)

Bankrupt Philadelphia refinery to get $50 million insurance payment: documents
(DBN)

U.S. shale oil to peak in 2030 after huge growth: Rystad report
(DBN)

Drone Attacks Set Saudi Aramco Oil Facilities on Fire • Saudi Shuts Down Half Its Oil Output After Drone Strikes • Saudi attacks: Oil price to spike as production halves • Oil To Hit $100? • The US Energy Department says it 'stands ready' to deploy resources from reserves to offset oil market disruptions after drone attack in Saudi Arabia
(DBN)

____________

Electricity:

Texas Grid Capacity Overbuilt, Court to Decide Accountability
(DBN)

PG&E to Pay $11Bn for California Wildfires • PG&E takes step out of bankruptcy with $11 billion insurance settlement • Fire Victims Vow to Fight $11 Billion Settlement PG&E Reaches With Insurers PG&E to Pay Insurance Companies $11B for Wildfire Damage • In Second Major Settlement, PG&E Reaches Agreement in Principle to Resolve Insurance Subrogation Claims Relating to 2017 and 2018 Wildfires
(DBN)

PG&E's stock surges after $11 billion settlement of wildfire claims • ‘They’re not home free:’ PG&E cuts deal with insurers but angers wildfire victims
(DBN)

PG&E $11 Billion Insurance Pact Sets Up Clash With Fire Victims
(DBN)

A swift fall from political power for PG&E, California's largest utility
(DBN)

Seth Klarman’s Baupost is set to make millions on bets tied to the wildfires that bankrupted PG&E
(DBN)

As Santa Ana Winds Arrive, California Braces for Wildfire Danger
(DBN)


____________

Pharma:

Purdue Pharma files for bankruptcy following proposed agreement to settle opioid lawsuits • Purdue Pharma files for bankruptcy as part of settlement • Purdue Pharma, Accused Of Fueling Opioid Crisis, Files For Chapter 11 • Purdue Pharma Files for Chapter 11 Bankruptcy • Opioid crisis: OxyContin maker Purdue Pharma files for bankruptcy to wipe out 2000 lawsuits • First Day Dec
(DBN)

Sackler Family Wired $1Bn to Themselves • The makers of OxyContin may have tried to hide $1 billion in assets
(DBN)

Sackler Family Issues Statement Regarding Purdue Pharma Bankruptcy
(DBN)

Amid settlement talks, opioids keep taking a grim toll
(DBN)

What a Purdue Pharma bankruptcy means for the Sackler family
(DBN)

States split by party on accepting Purdue Pharma settlement
(DBN)

Drug companies seek removal of judge in landmark opioid case
(DBN)

Opioid Reckoning Hits Money Managers
(DBN)

____________

Healthcare:

Delaware Bankruptcy Court Enforces Stay, Compels Certain CMS Payments
(DBN)

A veteran tells Sanders he's drowning in medical debt
(DBN)

FL: Health care company seeks to sell headquarters through bankruptcy
(DBN)

California's governor signed a pro-vaccine bill into law last week - then the protests got weird
(DBN)

Connecticut says 11 people have been hospitalized due to severe lung injury linked to vaping • Juul says it will keep running ‘Make the Switch’ ad campaign despite FDA concerns • New York to ban sale of flavored e-cigarettes by emergency order
(DBN)

Suing patients an unbecoming look for U.Va.
(DBN)

____________

Movie Theaters:å

MoviePass ends all subscriber services • MoviePass-parent Helios & Matheson is set to shut down permanently on Saturday
(DBN)

____________

History:

Plantation museums honestly addressing slavery see visitor pushback
(DBN)

19 US federal officials have been impeached in history — here are the craziest reasons why
(DBN)

____________

Sports:

Olympic organizations face multiple investigations by Justice Department, state attorneys general
(DBN)

Federal investigations launched into the handling of abuse claims within US Olympic organizations in the aftermath of Larry Nassar sex-abuse cases
(DBN)

____________

 
New Bankruptcy Opinions
(3 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (75 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (71 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:

FTI: Restructuring Recap for 1H 2019 Filings Grind Higher But No Surge Yet in Sight
(DBN)

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Litigation:

Stay Busy (Just Enough) To Win
(DBN)

____________

Bankruptcy Reform:

How Many New Small Business Chapter 11s?
(DBN)

The Economic Consequences of Bankruptcy Reform
(DBN)

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Avoidance Actions:

Wisconsin Court of Appeals Enforces Knowledge Requirement for Preference Claims
(DBN)

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Miscellaneous:

Rochelle
(DBN)

____________

Ch. 13:

BK ED WA: Chapter 13 Trustee's Office Seeks Staff Attorney
(DBN)

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Fraud:

Felicity Gets 14 Days in Jail for College Scandal • Felicity Huffman And America's Failing Criminal Justice System • ‘I keep asking myself, why did I do this?’ — Felicity Huffman writes to judge ahead of sentencing, calls motherhood ‘bewildering’ • Abby Lee Miller Details What Felicity Huffman’s 14 Days in Prison May Be Like
(DBN)

Madoff ‘feeder Fund’ Appeal: Privy Council Rules That BVI Insolvency Remedies Can Be Granted in Foreign Courts
(DBN)

____________

Aviation:

Crisis-hit Boeing readies huge effort to return 737 MAX to the skies
(DBN)

Boeing's Troubled Tanker Has Its Wings Clipped Again
(DBN)

Backed By Ballarin, Iceland’s WOW Air Will Fly Again
(DBN)

____________

Privacy:

Bought A Car Recently? 198M Car Buyer Records Exposed In Massive Data Leak
(DBN)

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Autos:

UAW leader charged with embezzling union funds amid contract talks with Detroit automakers
(DBN)

The US auto workers union just decided to walk out on GM — here's why they're striking
(DBN)

____________

Agribusiness:

America’s Farmers Need More Than a Trade Truce
(DBN)

____________

Retailing:

More than 7K stores have closed in 2019
(DBN)

Massive store closures are a strategy, not a sign of a ‘retail apocalypse,’ experts say
(DBN)

Retail sales get big lift from auto purchases as consumers drive U.S. economy forward
(DBN)

Forever 21’s expected bankruptcy showcases the negative side of online shopping • At its peak, Forever 21 made $4.4 billion in revenue. Here's what led to the brand's downfall and near bankruptcy.
(DBN)

The downside of tradition at Dillard's
(DBN)

____________

Coal:

Idle mines portend dark days for top US coal region
(DBN)

____________

Tech:

Goldman Sachs just dramatically cut its outlook for Apple, predicts 26% downside
(DBN)

____________

Student Debt:

Some older Americans say millennials’ student debt is their own fault
(DBN)

Bernie Sanders and Kamala Harris want to erase student debt and reform healthcare by taxing Wall Street. But a new study shows college and retirement savings would take a serious hit.
(DBN)

Why Student Loan Debt Is A Retirement Bummer
(DBN)

____________

Trucking:

Grocery stores would run out of food in just 3 days if long-haul truckers stopped working
(DBN)

____________

Religion:

Summary: New Chapter 11 Bankruptcy Filing - The Diocese of Rochester
(DBN)

Abuse survivors furious over NY diocese’s bankruptcy move • Abuse claimant blasts diocese for bankruptcy filing
(DBN)

Window for sex abuse claims against Diocese of Rochester could soon close
(DBN)

Could more Catholic dioceses follow Rochester into bankruptcy court?
(DBN)

Here's what happened when other Catholic Dioceses filed bankruptcy
(DBN)

Fugitive ex-priest sentenced to 30 years
(DBN)

____________

Food/Beverage:

Bankrupt Steakhouse Investors Can't Pursue $118M Judgment
(DBN)

____________

 

UK:

David Cameron breaks his post-resignation silence • ‘Johnson is a liar who only backed Leave to help his career’ – David Cameron • Boris Johnson likens himself to Incredible Hulk • David Cameron apologizes for 'failing' as he savages 'appalling' Boris Johnson
(DBN)

____________

EU:

German tabloid likens ECB’s Draghi to Dracula as Bundesbank president adds criticism
(DBN)

____________

Mexico:

Mexico Suffers Sharp Drop in Auto Production
(DBN)

In Mexico’s Cartel Country, a Murderer Who Kills Murderers
(DBN)

____________

MENA:

Saudi Shuts Down Half Its Oil Output After Drone Strikes • Iran says it's ready for war with US after Saudi oil attack accusations • Yes, Iran Was Behind the Saudi Oil Attack. Now What? • Attack on Saudi oil field a game-changer in Gulf confrontation • Saudi Arabia reportedly aims to restore one-third of lost oil output by Monday • Saudi stock market dives, crude futures to jump after drone attack on oil plants
(DBN)

Trump says he discussed a mutual defense treaty with Israeli Prime Minister Benjamin Netanyahu
(DBN)

BoI warns on National Insurance Institute bankruptcy
(DBN)

____________

Hong Kong:

Hong Kong police use tear gas and water cannon on protesters in clashes
(DBN)

____________

Bahamas:

Bahamians struggle for a way forward after Hurricane Dorian's devastation • Bahamian survivors of Hurricane Dorian flee to Florida, an uncertain future
(DBN)

____________

India:

Debt-ridden Air India tries to cut costs with low-fat meals for crew
(DBN)

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