September 5, 2019

The Daily Bankruptcy News

View prior editions: Click Here
View prior case summaries: Click Here
Search prior headlines: Click Here
Search prior case summaries: Click Here

Format For Mobile Device



Law:

More law firms may close if recession hits; firm leader: ‘Once this party ends, it’s going to end very quickly’
(DBN)

Jones Day adds Michaela Crocker to Business Restructuring & Reorganization Practice in Dallas
(DBN)

LeClairRyan files for bankruptcy and lists its joint venture as a creditor • Biglaw Firm Unsurprisingly Declares Bankruptcy
(DBN)

Morgan Lewis Snags Bracewell, Proskauer Bankruptcy, Restructuring Lawyers To Bolster Practice • Morgan Lewis Adds 3-Partner Corporate Restructuring, Transactional Finance Team
(DBN)

Midlevel Associates Want More Donuts, More Staples, More Free Stuff
(DBN)

Kelley Drye & Warren LLP Moves Headquarters to 3 World Trade Center
(DBN)

This ‘Affordable’ Law School Comes With A Pretty Big Catch
(DBN)

Advice Columnist Counsels Law Students As Only Someone With No Law School Experience Can
(DBN)

Cooley Law School cuts tuition and seeks to close satellite campus • Law School Cuts Tuition 21 Percent
(DBN)

Former Obama White House counsel Greg Craig found not guilty in Mueller spinoff case
(DBN)

‘Hundreds of other people could be implicated’ in Jeffrey Epstein, Ghislaine Maxwell court documents • Jeffrey Epstein, the convicted sex offender who was friends with Donald Trump and Bill Clinton, explained • Jeffrey Epstein had a 'Frankenstein'-like plan to analyze human DNA in the US Virgin Islands • Epstein's donations to universities reveal a painful truth about philanthropy
(DBN)

More women accuse opera star Plácido Domingo of misconduct
(DBN)

San Francisco just passed a resolution calling the NRA a 'domestic terrorist organization' • San Francisco Resolution Calling NRA a ‘Terrorist’ Org Is a Ridiculous Attempt to Curtail Second Amendment • The NRA called Walmart's new stance on guns 'shameful' and predicted it would cause shoppers to flee, but a new poll shows the retail giant could benefit from the changes
(DBN)

4th Circuit says US can be sued over background check failures in church shooting
(DBN)

The Assault Weapon Ban Did Work
(DBN)

After another mass shooting, Trump chooses to focus on knife crime — in London
(DBN)

Federal judge rules that the FBI's terror watchlist violates constitutional rights
(DBN)

Smollett's Lawyers: He Shouldn't Have to Pay
(DBN)

Trump is diverting $3.6 billion from the US military to build his border wall • Pentagon pulls funds for military schools, daycare to pay for Trump’s border wall • US Border Patrol is buying 1,000 more onesies for detained infants • US watchdog says migrant children suffered trauma after family separations • Government watchdog details severe trauma suffered by separated children • Children Got PTSD Due to Trump Admin’s Family Separation Policy, Gov’t Watchdog Says
(DBN)

Won Lottery, Arrested for Robberies
(DBN)

‘Happy’ Murder Defendant Took Gym Selfie Hours After Killing Newborn Daughter, Prosecutor Says
(DBN)

Texas Judge Dismisses Alex Jones's Appeal in Sandy Hook Defamation Case
(DBN)

A venue turned down an interracial wedding, citing “Christian belief.” It’s far from the first to do so.
(DBN)

______________

Judges:

BK MD NC: Hurricane Dorian Announcements
(DBN)

Bill Clinton Wishes Ruth Bader Ginsburg Could Stay On Supreme Court ‘Forever’
(DBN)

Feeling ‘Very Good,’ Ginsburg Draws Thousands in Arkansas Appearance
(DBN)

______________

Wall Street:

Dow futures jump more than 250 points after confirmation of US-China trade talks
(DBN)

Global stocks are jumping after China says trade talks with the US will resume in October
(DBN)

Dow closes over 230-points higher as political fears ebb, Fed’s Beige Book points to ‘modest’ expansion
(DBN)

Revenues at the world's biggest investment banks have plunged to their lowest levels since 2006
(DBN)

Goldman Sachs may lose a lot more partners than usual this year
(DBN)

______________

Layoffs:

Sears plans to lay off 250 employees at its corporate headquarters and close dozens more stores
(DBN)

______________

Politics:

Trump is in serious danger, and his own advisers know it
(DBN)

Trump's schedule shows a president with plenty of downtime this summer
(DBN)

Trump's team reportedly worried about Elizabeth Warren in 2020
(DBN)

Elizabeth Warren’s Progressive Agenda Could Cast Long Shadow on 2020 Election
(DBN)

Joe Biden and Elizabeth Warren: Frenemies from way back, now 2020 rivals
(DBN)

A Shocking Number of Americans Want to 'Just Let Them All Burn'
(DBN)

Mike Pence Keeps Changing His Story on Why He Went 200 Miles Out of His Way to Line Trump’s Pockets
(DBN)

‘How can we trust you?’ Joe Biden’s ties to a former fossil fuel executive come under question during CNN town hall
(DBN)

Why Democrats' big gerrymandering win in North Carolina matters
(DBN)

Pete Buttigieg on the issues, in under 500 words
(DBN)

Trump administration voids requirements phasing out inefficient light bulbs
(DBN)

“Texodus,” House Democrats’ favorite new 2020 phenomenon, explained
(DBN)

Sarah Sanders' book is coming shortly before the 2020 election
(DBN)

GOP Rep. Jim Sensenbrenner will not seek re-election
(DBN)

Rep. Bill Flores is the 5th Texas Republican to announce retirement
(DBN)

Nunes Ends Suit on Being Called Fake Farmer
(DBN)

Union: 'Strong Evidence' Trump Appointee May Have Excluded Peer Reviewers with Views Contrary to Trump Agenda
(DBN)

The Fight for the Senate Grows
(DBN)

The Last Congressional Race of 2018 Isn’t Over Yet
(DBN)

Jeannie Pirro: Fox Wants to Fire Me
(DBN)

____________

Distressed Investing:

Chicago billionaire Sam Zell is raising cash to record levels in this dicey climate
(DBN)

____________

History:

The Original Evil Corporation
(DBN)

____________

Religion:

Bishop Malone: Diocese must decide, litigation or bankruptcy?
(DBN)

How a Drive-In Megachurch Became a Catholic Cathedral
(DBN)

Buffalo Bishop Admits Secret Recording Broke Church Law, Restates He Won’t Resign
(DBN)

____________

Personal Finance:

24 signs you have a terrible boss, and how to stop them from crushing your happiness
(DBN)

How to save a million dollars on a $50,000 salary, broken down by your age
(DBN)

How much your money could grow if you put $10, $100, or $1,000 a month in a high-yield savings account
(DBN)

I asked 21 self-made billionaires about their biggest regrets—here are the 5 most common ones
(DBN)

____________


Economy:

Alan Greenspan says it’s ‘only a matter of time’ before negative rates spread to the US
(DBN)

We may be in the midst of a historic paradigm shift in financial markets: strategist
(DBN)

Tax cuts, lower rates, and other tools used to battle recessions may be futile to stop the next meltdown
(DBN)

Fed's Beige Book: Economic Growth "Modest", Labor Market "Tight" • The Fed: US economy growing modestly as trade war dents activity
(DBN)

The Fed will cut rates by a quarter point this month, not a half point
(DBN)

Trade Deficit decreased to $54.0 Billion in July • You've Got the Trade Deficit All Wrong
(DBN)

10 charts that show why the economy feels so bad — even though it sounds so good
(DBN)

BLS: Employment Projections: 2018-2028
(DBN)

The chart that predicts recessions
(DBN)

Capitalism is in a moment of crisis – and business leaders know it
(DBN)

Thomas Hoenig On The Federal Reserve And The State Of Banking In The U.S.
(DBN)

A cynical way to make poor people disappear
(DBN)

Consumers are carrying the economy — what if they balk?
(DBN)

Greenspan says the stock market will determine whether there’s a recession
(DBN)

Dudley: I picked a fight with Trump because the Fed didn’t stand up for itself
(DBN)

'Big Short' investor Michael Burry explains why a wildly popular investing vehicle reminds him of the rotten securities that once crashed the economy
(DBN)

10 of the cheapest places in America for retirees to live
(DBN)

Trump talks up potential deals with China, Iran • President Trump is at war with American companies, toy firm CEO says • Trump says the Dow would be '10,000 points higher' if he hadn't started a trade war with China • Bank of America breaks down exactly how much Amazon and Wayfair will have to hike prices to offset US tariffs on Chinese imports • China and US agree to meet in October for trade negotiations: Chinese Ministry of Commerce • Citi sees no trade deal before 2020 election
(DBN)

Xi Rallies China for Decades Long Struggle for Global Order
(DBN)

US Treasury yields higher after US-China trade talk boosts risk appetite
(DBN)

Enjoy 2019 while it lasts, because ‘the Big Top’ is coming, B. of A. strategist warns
(DBN)

Hardship During the Great Recession Linked With Lasting Mental Health Declines
(DBN)

A third of Americans don’t get paid vacation
(DBN)

A Permanent Payroll Tax Cut?
(DBN)

People are leaving NYC in droves — and many are moving to Florida
(DBN)

The nuclear family, God, and national pride are a holy trinity of the American identity. What would happen if a generation gave up on all three?
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

MBA: Mortgage Applications Decreased in Latest Weekly Survey
(DBN)

Get ready for bigger home-price increases next year, except in these two states
(DBN)

Bad news, home sellers: You’re less likely to see a bidding war for your property
(DBN)

Dallas: Frisco custom homebuilder files for Chapter 11 bankruptcy
(DBN)

Investors with ‘smoking gun’ can sue banks for Fannie, Freddie bond rigging -US judge
(DBN)

Treasury Discussed Hiring Houlihan to Advise on Fannie-Freddie
(DBN)

____________

Oil/Gas:

Houston offshore marine business files for bankruptcy with hundreds of Louisiana creditors owed money
(DBN)

Big Oil Circles Permian Riches as Shale Stocks Collapse
(DBN)

____________

Education:

The 10 least valuable college majors
(DBN)

____________

Fraud:

Former United Auto Workers union official pleads guilty to taking kickbacks
(DBN)

____________

Climate:

As Hurricane Dorian pushes north, South Carolina braces for flooding not seen in decades • Dorian, back to a Category 3 hurricane, creeps up US coast • Serious Impacts Ahead for the Carolinas
(DBN)

Dorian’s death toll rises to 20 in Bahamas, and expected to grow • Massive international rescue and relief effort underway in ravaged Bahamas as Hurricane Dorian aims at Carolinas • Hurricane Dorian turns Bahamian paradise into miserable heap • Thousands listed as missing in the Bahamas as rescuers, family members try to find survivors • Island 70% Under Water
(DBN)

Kamala Harris’s climate plan would take polluters to court
(DBN)

Elizabeth Warren blasts the plastic straw debate as a fossil fuel industry distraction tactic
(DBN)

Biden Talks Climate Change, Attends Fossil Fuel Exec's Fundraiser
(DBN)

Climate crisis town hall: What you need to know • CNN climate town hall: 10 questions for a serious climate change debate
(DBN)

Trump uses doctored map to back false claim about Hurricane Dorian • Trump's Sharpied map of Hurricane Dorian hitting Alabama, explained
(DBN)

____________

Retailing:

How Amazon Hooked America on Fast Delivery While Avoiding Responsibility for Crashes
(DBN)

Ariana Grande’s lawyers say Forever 21 stole her image as a “desperate attempt to stay relevant”
(DBN)

Dollar store brands are facing a reckoning after customers slam the industry for selling expired items and creating 'food deserts'
(DBN)

____________

Medical Testing:

Embattled uBiome files for bankruptcy after laying off half its staff • uBiome Declares Bankruptcy, Offers Assets for Sale • Bankrupt uBiome Says Founders May Have Misled Investors • Medical testing start-up uBiome files for bankruptcy • Poop-testing startup uBiome was once valued at $600 million by Silicon Valley’s top VCs. It just filed for bankruptcy • Gut health start-up uBiome files for bankruptcy five months after FBI raid • uBiome Files Voluntary Chapter 11 Petitions to Accelerate an Orderly and Efficient Sale Process
(DBN)

____________

Taxis:

SF Law Firm Hits Lyft With 13 Driver Sexual Harassment Suits With More Planned
(DBN)

____________

Mass Torts:

Kodak Escapes Insurer's Claims Over Asbestos Suits
(DBN)

____________

Autos:

Former head of BMW i takes over as CEO at troubled Faraday Future
(DBN)

Trump to Meet With GM's Mary Barra After Criticizing Company
(DBN)

____________

Aviation:

Boeing 737 grounding, labor dispute delays American’s plan to increase seating on planes
(DBN)

When U.S. Airlines, Airports Squabble Over Who Gets To Charge Travelers More Fees, Nobody Wins
(DBN)

France's number two airline suspends some flights, ticket sales
(DBN)

____________

Music:

Texas attorney claiming Music World sold Beyoncé, Destiny's Child memorabilia to avoid creditors has appeal denied
(DBN)

____________

Agribusiness:

Agricultural Liens: Better Figure out the Right i’s To Dot and t’s to Cross
(DBN)

____________

Surfing:

California's Mavericks surf contest canceled indefinitely
(DBN)

____________

Payroll Services:

Owner of Elkhart payroll company confirms fraud investigation of his firm is underway
(DBN)

___________

 
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 (15 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (10 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)

______________

Avoidance Actions:

Changes to Preference Practices Under New Bankruptcy Law
(DBN)

____________

Critical Vendors:

Not All Creditors Are Created Equal: Critical Vendors and Bankruptcy
(DBN)

____________

IP:

August 2019: Bankruptcy Update
(DBN)

____________

Bankruptcy Reform:

Bankruptcy Code Amended: Congress Makes Chapter 12 More Accessible to Family Farmers and Creates New Chapter 11 Subchapter for Small Business Debtors
(DBN)

Small Business Reorganization Act of 2019
(DBN)

____________

Plan Confirmation:

Right to Participate in Backstop is not on Account of a Pre-Petition Claim
(DBN)

____________

Banking:

Guy In Charge Of Deutsche Bank’s Future Reportedly Decides His Future Is Not At Deutsche Bank
(DBN)

____________

Healthcare:

Can a California hospital operator save Hahnemann?
(DBN)

No room for negotiation, say federal regulators opposing sale of Hahnemann residency program
(DBN)

Residency sale stalemate hangs up ruling in Hahnemann bankruptcy
(DBN)

Medical bankruptcy is an American scandal — and that’s not debatable
(DBN)

Is Bernie Sanders right about medical bankruptcies?
(DBN)

A reality check on hospital mergers
(DBN)

Four fast-growing medical jobs that pay six figures (and don’t require an M.D.)
(DBN)

____________

Coal:

'It's The Stone Age Of Fossil Fuels': Coal Bankruptcy Tests Wyoming Town
(DBN)

The decline of American coal is taking a toll on the railroad industry
(DBN)

Court approves end to Blackjewel insurance
(DBN)

From the Tracks, Blackjewel Miners Watch the Courts
(DBN)

Hearing on Blackjewel coal stockpiles begins
(DBN)

Labor Cabinet requesting bond payment from coal companies
(DBN)

____________

Telecoms:

Bankrupt smartphone maker Gionee releasing 2 new phones to repay debts
(DBN)

____________

Pharma:

Mallinckrodt stock tanks after report it may consider bankruptcy amid wave of opioid lawsuits • Mallinckrodt taps restructuring firms, may seek bankruptcy protection, report says
(DBN)

Purdue prepping for sudden bankruptcy, one-upping states unhappy with $12B settlement offer
(DBN)

J&J: The next target of anger over America’s opioid crisis?
(DBN)

____________

Hollywood:

Deluxe Entertainment to Avoid Bankruptcy with Debt-for-Equity Swap
(DBN)

Megan Ellison's Annapurna Not Expected to Be a Buyer at Toronto Film Market
(DBN)

____________

Food/Beverage:

Chick-fil-A's CEO signed a covenant with his father — the founder — pledging to remain a committed Christian, keep the company private, and never open on Sunday
(DBN)

____________

Corporate Governance:

Does The Company Stink From The Top?
(DBN)

Walmart is cautiously rolling out its own gun control, and it's a sign of how major companies are starting to value more than just profits • New research encourages CEOs to act on guns
(DBN)

____________

Privacy:

Facebook: Sorry Again, but 419 Million Phone Numbers Exposed
(DBN)

Senator: Zuckerberg Might Prepare for Prison
(DBN)

____________

Student Debt:

Student Debt Transforms American Families
(DBN)

Trump administration sets higher hurdles for defrauded students to erase debt
(DBN)

____________

Travel:

Woman caught with 6-day-old baby inside luggage at airport
(DBN)

____________

UK:

Boris Johnson faces another possible rebellion as Parliament debates Brexit delay • Boris Johnson's own brother dramatically quit as an MP and government minister, accusing him of trashing the national interest • UK lawmakers vote to block a no-deal Brexit amid threat of a snap election • Boris Johnson wants general election after Commons defeat: Reaction from London’s finance pros • What happens now MPs have voted to delay Brexit until 2020? • The wheels come off Boris Johnson's election plan as he abandons bid to block Brexit delay bill • Boris Johnson ‘has lost control,’ experts say, but election could be a ‘lifeline’ • Failure to leave the EU will put UK democratic system ‘under real attack,’ says pro-Brexit Labour MP • Boris Johnson's Lies Finally Catch Up to Him • Boris Johnson's Make Believe Brexit Talks • Why the Queen Didn’t Say No to Boris Johnson
(DBN)

EU nationals to be granted right to stay in UK for three years in case of no-deal Brexit
(DBN)

Former shipyard owner urges MSPs to dig into government’s role in its insolvency
(DBN)

____________

EU:

State aid for airline restructuring: Does it give you wings?
(DBN)

____________

Canada:

Post-filing suppliers do not implicitly benefit from any priority on the proceeds of sales of assets in CCAA proceedings
(DBN)

Alberta Court of Appeal confirms super-priority status of restructuring charges
(DBN)

____________

Brazil:

Bankruptcy Petitions in Brazil Climb 58 Percent in August Against July
(DBN)

____________

India:

Jet Airways' creditors to recover only 10% of total dues in liquidation scenario • Synergy ready to take control of Jet Airways after debt cut
(DBN)

Anil Ambani’s Shipyard Faces Cash Crunch Amid Debt Recast
(DBN)

____________

Germany:

Germany's economy is flopping and the manufacturing sector just keeps declining — here's why recession could be around the corner
(DBN)

____________

Argentina:

Argentina’s creditors discuss Macri debt plan
(DBN)

____________


The Daily Bankruptcy News is primarily a curated news link gathering service.   Most of the headlines contained in the publication are a collection of links to stories posted on the Internet by various third party publications.  Such content is owned by third party sources, not The Daily Bankruptcy News, and in some cases, these links change or expire, which means you may not be able to view some news stories in prior editions of the Daily Bankruptcy News. The DBN subscription fee is not a fee for access to the content of the links, but is a charge for the considerable work involved in gathering, organizing and presenting the links. Use of this site and The Daily Bankruptcy News is subject to our Terms of Use. If you received The Daily Bankruptcy News via email (and you have a paid subscription account), to view a news story, click on the headline, and the story should open in your web browser. To view additional stories, click back to the email and click on additional headlines, which will cause new stories to open in your web browser.  You can view the most recent edition of The Daily Bankruptcy News on the web at BKInformation.com.

Advertising
Advertising is available in The Daily Bankruptcy News. Click here for details  Feel free to contact us with any questions.

Passwords/Subscriptions
Access to certain links in The Daily Bankruptcy News is available only to readers holding a paid service subscription. These links are currently marked with a "DBN" notation. The cost of a subscription is $66.50/year, payable annually.  Volume discounts are available for sites with multiple users. Click here to see a schedule of discounts. Complimentary subscriptions are available for full-time educational and governmental employees and for full time students. For information about discounts or educational/governmental subscriptions, contact us by clicking here. A separate password is required for each member of a firm wishing access to restricted links.

New readers can receive a free password good for 30 days by clicking here. 30-day passwords are not available to readers who have previously had a password, even if the password was associated with a different email address used by the reader. Refunds are not available after purchase.

Readers who wish to change their passwords should click here. Readers who have forgotten their password should click here.

Adding Your Email Address To The Distribution List
If you would like to start receiving The Daily Bankruptcy News by email each day, click here, and fill in the information requested. There is no charge to be placed on the distribution list to receive the headlines, although access to many of the links behind the headlines requires a paid subscription (see above, under Passwords). If, after adding your email address to the distribution list, you do not receive an email confirming the addition, please contact us by clicking here for help.

Removing Your Email Address From The Distribution List
If you already receive The Daily Bankruptcy News by email and you wish to remove your email address from the distribution list, click here and send the email that should appear. You do not need to type anything in the body of the email message. Note that the email asking for removal must be sent from the same email address which is on our distribution list. If you do not receive an email confirming deletion of your email address from the distribution list, contact us by clicking here for help.

If receive the publication forwarded from an older email address, you will need to contact us as described below for help removing that older address from our distribution list.

Press Releases/News Tips
Please send press releases and news tips to admin@bkinformation.com

Contact Us
The Daily Bankruptcy News is published each business day by BKINFORMATION.COM, L.L.C. You can phone or text us at 281-402-3957. You can email us at accounting@bkinformation.com (email inquiries are usually answered substantially more quickly than phone inquiries). Our mailing address is 935 Eldridge Road, No. 350, Sugar Land, Texas 77478.
Copyright 2019