September 20, 2019

The Daily Bankruptcy News

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Law:

Greenberg Traurig Expands Restructuring & Bankruptcy Practice With Alison Elko Franklin in Atlanta
(DBN)

Bar Association Hires Man To Tell Women Attorneys How To Balance Their Lives
(DBN)

Jordi Guso Taking Over as Managing Partner at Berger Singerman
(DBN)

ABA urges withdrawal of proposed rule that would expand religious exemption for federal contractors
(DBN)

The "Fearsome Foursome" Firms
(DBN)

Law School Twitter’s Biggest Star
(DBN)

AI-Powered Litigation Fund Startup Raises $100 Million
(DBN)

Cuomo, Giuliani's Shouting Match on Ukraine Giuliani Admits He Asked Ukraine to Investigate Biden
(DBN)

Attorney Learns Not To Hide From Bounty Hunter
(DBN)

SRA investigators invoiced work for hotel hookups
(DBN)

Trump Sues Manhattan DA Vance in Federal Court in Wake of Tax Subpoenas Trump sues Manhattan DA Cyrus Vance Jr. and his accounting firm over attempt to get tax returns
(DBN)

Judge temporarily blocks California law requiring presidential tax returns
(DBN)

Border Patrol agents interviewing families for ‘credible fear,’ instead of asylum officers Homestead, now an empty facility for migrant children, costs $720,000 a day to staff Trump Says ‘Catch and Release’ Border Policy to End in Two Weeks General Tells Donald Trump To Keep Quiet About ‘Wired’ Border Wall And Tweeters Go Loud
(DBN)

A woman who says she tried swimming away from Epstein's Little St. James island says she 'never saw him do a day's work' Jeffrey Epstein demonstrates how capitalism rewards malign actors Jeffrey Epstein 'ran a $500M Ponzi scheme fueled by insider trading and fake stock buys
(DBN)

Whistleblower complaint involves 'multiple acts' by Trump, report says Trump administration blocks whistleblower report Whistleblower Complaint Involves Ukraine Trump denies report he made 'troubling' promise to foreign leader Trump scorns complaint about call with foreign leader Trump disputes report his interaction with foreign leader prompted whistleblower complaint Schiff: DNI's refusal to turn over whistleblower complaint is "unprecedented"
(DBN)

Trump: My Crimes Can't be Investigated Now
(DBN)

Lewandowski May be Held in Contempt
(DBN)

Colt ends production of AR-15s for civilians
(DBN)

Trump says gun control negotiations are "going very slowly" 1H AGO
(DBN)

"Lyft charged me $12.81 to be kidnapped across state lines, gang raped and trafficked," woman alleges
(DBN)

Secret FBI Subpoenas Scoop Up Personal Data From Scores of Companies
(DBN)

What the Jeffrey Epstein Case Says About Elite Men
(DBN)

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Judges:

Prominent bankruptcy judge returns to practice law in Philadelphia
(DBN)

Superior court judge said to believe DA hacked her computer is charged with computer trespassing
(DBN)

Judge who gave maximum sentence to teen in crash deaths presides at his wedding
(DBN)

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Wall Street:

Stock futures point to slightly higher open as Wall Street nears record highs
(DBN)

Stocks close mixed as the US and China resume deputy-level trade talks
(DBN)

Goldman Sachs Interns Want 8 Hours Of Sleep A Night And Use Their Mom’s Netflix Login But Don’t Want Weed To Be Legal
(DBN)

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Layoffs:

'We think we missed the mark': Amazon tells workers they can stay in their jobs, after announcing their roles would be eliminated
(DBN)

Federal judge approves WARN settlement in Vista lawsuit
(DBN)

10 U.S. Cities With The Most Jobs At Risk To Automation
(DBN)

Superior Industries to cut 250 jobs at Fayetteville plant
(DBN)

Automation Won't Make Truckers Obsolete
(DBN)

Medtronic laying off nearly 100
(DBN)

Central Valley Correctional Facility to lay off 130
(DBN)

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Politics:

Trump carries a wad of cash in his back pocket to tip staff
(DBN)

Why Elizabeth Warren’s selfie lines matter
(DBN)

Matt Drudge predicts this 2020 Dem has the 'nomination to lose'
(DBN)

Warren gets caught in Senate primary crossfire
(DBN)

Trump Job Approval 43%; Ties Party Polarization Record
(DBN)

Trump claims San Francisco's homeless are polluting the ocean with needles and threatens to fine the city
(DBN)

Trump administration won’t give ‘urgent’ whistleblower complaint to Congress
(DBN)

Leon Cooperman fears a shift to left: ‘They won’t open the stock market’ if Elizabeth Warren wins Warren presidency frightens investors at conference: ‘She’s not my candidate of choice’
(DBN)

‘Saudi Arabia’s bitch’? Tulsi Gabbard has some strong words for President Trump
(DBN)

In turnaround, McConnell backs $250 million in election security funding
(DBN)

Stephen Miller’s girlfriend just got a job as Vice President Mike Pence’s press secretary
(DBN)

Jimmy Carter: Disaster to Reelect Trump
(DBN)

Trump Wants Out of World's Mail System
(DBN)

Democrats target over 26,000 local races to unseat Republicans
(DBN)

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Pharma:

Drugmaker Insys wins bankruptcy court approval to sell off opioid Court Approves First Bankruptcy Sale of a Major Opioid Drug
(DBN)

New data reveals that Big Pharma is raking in almost half of all the profits in healthcare
(DBN)

House Speaker Pelosi unveils Democrats’ sweeping plan to lower prices on the most expensive drugs
(DBN)

Purdue Must Face Deceptive-Marketing Suit in Massachusetts Judge Denies Request To Dismiss AG Healey's Lawsuit Against Purdue Pharma
(DBN)

Faced With PR Mess, Purdue Hired Firm That Helped BP After Catastrophic 2010 Oil Spill
(DBN)

Purdue Pharma, facing thousands of lawsuits and bankruptcy, wants to pay 'certain employees' $34 million in bonuses Embattled Purdue Pharma asks judge to authorize $34M in employee bonuses
(DBN)

As Drugmakers Face Opioid Lawsuits, Some Ask: Why Not Criminal Charges Too?
(DBN)

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E-Cigarettes:

Vaping-related illnesses surge as FDA discloses criminal probe Vaping-related illnesses up nearly 50% since last week: CDC Officials just confirmed 7 deaths and 530 cases of serious lung disease tied to vaping. Here are all the health risks you should know about.
(DBN)

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Travel:

How did clapping on planes become a divisive issue?
(DBN)

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Accounting:

Cost saving drives KPMG to cut hundreds of admin roles
(DBN)

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Economy:

U.S. jobless claims inch up in mid-September Weekly Initial Unemployment Claims increased to 208,000
(DBN)

Philly Fed Manufacturing shows Continued Expansion in September, At Slower Pace
(DBN)

Fed’s Bullard, explaining his rate cut dissent, says US manufacturing appears to be ‘in recession’
(DBN)

Lagarde Warns Global Growth Fragile
(DBN)

US economy doesn’t need any rate cuts, says billionaire investor Howard Marks
(DBN)

Trump says Powell's job is safe but Fed should lower rates
(DBN)

Leon Cooperman says the Fed made a mistake cutting rates: ‘You’re screwing the savers’
(DBN)

Why it is insane to want the Federal Reserve to slash interest rates to 0%
(DBN)

Leon Cooperman Says Trump Is Doing Damage by Criticizing the Fed
(DBN)

Global economy slowing much faster than expected Global economists predict the world's lowest growth in a decade
(DBN)

Economic divide in the US is becoming as stark as its politics
(DBN)

Millennials are ‘delusional’ about how rich they’re going to be
(DBN)

Pence says other countries should ‘emulate’ US, then says US should replicate their rate policies
(DBN)

One casualty of the tight job market: U.S. Army recruitment
(DBN)

A measure of CFO optimism just turned negative for the first time on record as trade and recession fears linger
(DBN)

Recession on the Horizon? Don’t bank on a global recession just yet, BIS Chief says Recession 'What the Doctor Ordered' to Push Fiscal Stimulus: Wilson Is the U.S. economy about to enter recession?
(DBN)

Bond investor says negative yields are ‘most absurd thing central banks have done’
(DBN)

American business owners are starting to worry about the trade war, and it's time for Washington to pay attention Trump’s $28 Billion Bet That Rural America Will Stick With Him A FedEx pilot was held in Chinese custody for a week in the latest dustup amid Trump's trade war Donald Trump’s ready to escalate trade war if deal not agreed soon, says president’s adviser on China, Michael Pillsbury Trade Conflicts Weigh on Confidence, Posing a Risk to Trump US-China trade war: both sides have reason to compromise, but their differences remain intractable Upstate NY business owners tell Congress: Trump’s trade tariffs threaten jobs Business coalition urging US Congress to reclaim its power over trade and tariffs gains broad support ‘We were wrong’: Koch network to change strategy in campaign against Trump’s trade war Advisor: 100% Tariff if No China Deal Soon Trump grants tariff exemptions to plastic straws, dog leashes and more from China ‘The era of economic surrender is over,’ says Mike Pence on trade with China
(DBN)

America's consumers are happy but its CEOs are scared
(DBN)

Truckers are becoming more and more pessimistic about the US economy
(DBN)

The Fed pumps another $75 billion into markets — its 3rd straight daily injection Fed calms overnight funding market, unclear how long it will continue special operations Repo Squeeze Has Upset Funding Markets. It’s About to Get Worse
(DBN)

House set to vote on a plan to dodge a government shutdown for two months
(DBN)

Number of Striking U.S. Workers at Levels Last Seen in the 1980s
(DBN)

Warren's Wealth Tax Could Make Compliance Hard For Filers, IRS
(DBN)

Americans Are Not Saving For Retirement, Or Don't Know If They Are, Study Says
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

NAR: Existing-Home Sales Increased to 5.49 million in August Comments on August Existing Home Sales
(DBN)

Home flippers see lowest returns in 8 years as costs rise
(DBN)

Ultra-rich Americans are selling off luxury real estate faster than they're snapping it up, and it's not the only change they're making to their portfolios as recession fears linger
(DBN)

There's a simple math rule that can determine if you should rent or buy a home, according to 2 early retirees who think buying a house to live in is a 'terrible' idea
(DBN)

Bernie Sanders’s housing-for-all plan, explained
(DBN)

Here are the nation’s top real estate markets for 2020
(DBN)

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Municipalities:

Puerto Ricans push 2020 Democrats for plan to help island
(DBN)

‘It’s Not Full Citizenship’: What It Means to Be Puerto Rican Post-María
(DBN)

At half-ruined Puerto Rico base, hurricane recovery funds pulled for Trump's wall
(DBN)

Here’s What to Expect From Chicago City Council’s Ticket Reform
(DBN)

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Oil/Gas:

McDermott's stock tumbles again on heavy volume toward 16-year low
(DBN)

Mercedes Stops Developing Gas Engines
(DBN)

Amazon to Order 100,000 Electric Trucks
(DBN)

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Celebs:

Mel Gibson's Baby Mama Back On Her Feet, Bankruptcy Case Closed
(DBN)

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Banking:

The Consumer Financial Protection Bureau has been investigating Bank of America for opening unauthorized credit card accounts
(DBN)

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Student Debt:

College graduates owe $29,000 in student debt now — more than ever before
(DBN)

Average U.S. student debt hits record
(DBN)

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Fraud:

Possibly Imaginary CFO Grounds For Very Real Fraud Lawsuit
(DBN)

Revealed: how US senators invest in firms they are supposed to regulate
(DBN)

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Golf:

Louisville: East End country club operator files for bankruptcy
(DBN)

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Education:

Is It Still Possible to Pay for College?
(DBN)

MBA applications fall in the wake of strict visa rules and trade war
(DBN)

____________

Tech:

Larry Ellison calls Uber and WeWork ‘almost worthless’
(DBN)

____________

Utilities:

PG&E Fire Victims, Creditors Join Forces With Rival Reorg Plan Shareholders on the line in rival PG&E bankruptcy plan Wildfire victims in PG&E bankruptcy to present $24 billion reorganization plan
(DBN)

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Aviation:

XL Airways declares bankruptcy and stops selling tickets
(DBN)

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Coal:

For the First Time, Wind Power Is About to Surpass Coal in Texas
(DBN)

Blackjewel coal miners continue blockade demanding earned wages
(DBN)

Contura finds new potential owner for idling Wyoming coal mines Contura tries again to offload Powder River Basin coal assets
(DBN)

New company enters possible deal for idle Wyoming coal mines
(DBN)

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New Bankruptcy Opinions
(8 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (14 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (9 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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Discharge:

11th Cir. Holds No Violation of Bankruptcy Discharge for ‘Informational Statement’
(DBN)

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Advisors:

Notice of Appearance - Ted Gavin, Managing Director and Founding Partner of Gavin/Solmonese
(DBN)

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CROs:

A CRO-Type Advisory Role for Family Businesses in Financial Stress
(DBN)

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Retailing:

Fitch joins S&P in downgrading J.C. Penney on turnaround uncertainty
(DBN)

Toys R Us is making another comeback with immersive stores that have massive toys and interactive playrooms The Next Chapter In The Toys R Us Story? Interactive Play Spaces
(DBN)

Some creditors want Sears bankruptcy converted to Chapter 7
(DBN)

Tariffs Cast a Pall Over Retail: 5 Stocks on Alert
(DBN)

Sears Buyer Seeks 2nd Circ. Review After Losing Billions
(DBN)

As Dress Barn and Chico’s shutter stores, here’s where women are shopping instead
(DBN)

J.C. Penney Said to Prep for Debt Talks Ahead of Holiday Season
(DBN)

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Autos:

Driven to Bankruptcy
(DBN)

GM's labor dispute is being exacerbated by its shift to electric vehicles
(DBN)

The UAW Didn’t Learn From General Motors’ Bankruptcy
(DBN)

GM workers who picketed in 2007 say that strike was political. This time it’s ‘serious’
(DBN)

Ex Ford CEO Fields says UAW corruption probe makes rank-and-file union members skeptical of any deal
(DBN)

UAW strike threatens Michigan’s bonds, could push state economy into recession
(DBN)

St. Louis UAW Official Misused Union Funds
(DBN)

GOP Wants Hearing on UAW's Lawbreaking
(DBN)

Houston Car Sales Fell 17% in August
(DBN)

____________

Religion:

Buffalo Priest on the Diocese & Bankruptcy
(DBN)

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Climate:

Jeff Bezos unveils sweeping plan to tackle climate change
(DBN)

Tropical Storm Jerry intensifies to hurricane status, closes in on Caribbean
(DBN)

Photos show severe flooding from Tropical Depression Imelda across southeast Texas Flash flood emergency in coastal Texas as hundreds rescued from high water in 'incredibly dangerous' situation Tropical Depression Imelda overwhelms Texas with flash floods Hundreds call for help as "life-threatening" storm drenches Texas Imelda's Flooding Turns Deadly in Southeast Texas Worse Than Harvey?
(DBN)

More hot nights the sign of an off-kilter climate, scientists say
(DBN)

A guide to how 2020 Democrats plan to fight climate change
(DBN)

Climate Strikes Kick Off Worldwide Companies Supporting the Climate Strikes
(DBN)

6 tropical storms whirling at once set record
(DBN)

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Food/Beverage:

Pressure mounts on Bumble Bee as Clover Leaf sale to Bolton off, bankruptcy mulled
(DBN)

Portland: Kenny & Zuke’s Delicatessen files for Chapter 11 bankruptcy
(DBN)

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Steel:

America's steel companies are hurting US Steel, formerly a darling of Trump's trade war, plunges 15% after issuing dismal profit forecast
(DBN)

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UK:

Bank of England warns further Brexit uncertainty will damage economy
(DBN)

Britain Gets Recession Warning From OECD Over No-Deal Brexit
(DBN)

UK panel delays ruling on Thomas Cook payout under bankruptcy Thomas Cook lenders seek £200m to add to rescue
(DBN)

150,000 Brit holidaymakers face being stranded abroad if Thomas Cook fails to secure £200million over next 48 hours
(DBN)

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PIIGS:

First Irish Creditor Scheme – Complex Cross Border Securitization Restructuring
(DBN)

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Canada:

Insolvency Legislation Reforms to Take Effect November 2019
(DBN)

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MENA:

Saudi Arabia looks to import oil in order to keep exports flowing Pompeo says U.S. backs Saudi Arabia’s ‘right to defend itself’ US Military Has Range of Options for Iran US Building Coalition After Attack on Saudis Japan to Sit Out US Fight with Iran
(DBN)

After falling short in Israel's election, Netanyahu set to confront his legal fate
(DBN)

Rex Tillerson says Netanyahu used 'misinformation' to persuade Trump
(DBN)

____________

Germany:

German Auto Parts Suppliers' Stare At Insolvency Over Market Downturn
(DBN)

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Brazil:

Brazilian sugar company Moreno files for bankruptcy protection
(DBN)

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China:

China's growth could slip below 6%, analysts warn, as trade war takes toll
(DBN)

____________

Ukraine:

A bank scandal, an oligarch and the IMF: Ukraine’s president has a lot to deal with right now
(DBN)

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Venezuela:

Venezuela refugee crisis overwhelms Colombia: "We don't have the money"
(DBN)

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Colombia:

DLA Piper Martínez Beltrán boosts restructuring and competition groups
(DBN)

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