September 6, 2019

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Jones Day, Women Attorneys Battle It Out in Latest Court Filings
(DBN)

Who’s Afraid of Flat Fees? Not the GC of Panasonic
(DBN)

Patrick Trostle Joins Moses & Singer As Chair Of High Yield & Distressed Debt Group
(DBN)

Morgan, Lewis & Bockius Snaps Up Financial Trio Morgan Lewis hires 3 bankruptcy partners, new practice chair
(DBN)

Welcome Back To Law School, Tiffany Trump!
(DBN)

Have Law Firms Lost Their Urge to Merge?
(DBN)

Biglaw Sure Has Gotten A Lot… Bigger In The Last 40 Years
(DBN)

5 Ways Law Firms and ALSPs Are Adapting to the Big Four
(DBN)

A New Way To Avoid Associate Burnout: Offer Credit Hours For Non-Billable Work
(DBN)

New lawyers must prepare for ‘culture shock’ of billable time recording, vlogging junior lawyer warns
(DBN)

Allen & Overy’s US merger collapses Allen & Overy Still Open to Merger, but Transatlantic Deals Rare
(DBN)

M&A Activity Quiets Down in BigLaw, Becomes Necessity in MidMarket
(DBN)

Bankruptcy Services Company Beats Law Firm’s Antitrust Appeal
(DBN)

The California Bar Is Still Clamping Down On Fee Splitting With Nonlawyers
(DBN)

Keep Judges and Lawyers Out of Legal Predictions, Tech CEO Says
(DBN)

Greg Craig Wasn’t Guilty. The American Lobbying Industry On The Other Hand….
(DBN)

‘Negative impacts of the travel ban have been felt around our nation,’ ABA president says
(DBN)

Manafort's lawyers: State charges are double jeopardy
(DBN)

States, congress members back gun maker in Sandy Hook appeal
(DBN)

Trump's shift of Pentagon funds to border wall hits key states The biggest losers from Trump's diversion of military funds for his wall More than two years later, Trump's wall remains unbuilt Border arrests drop in August while “Remain in Mexico” policy continues Judge Likely to Reinstate Nationwide Injunction Against Trump's Asylum Rule Trump Admin Humiliated as Federal Court Rules Several Deported Parents Can Return to U.S. Judge Likely to Reinstate Nationwide Injunction Against Trump's Asylum Rule Judiciary panel issues subpoena on Trump's alleged offer to pardon DHS officials Pentagon chief suggests European allies replace funds diverted to border wall Immigration Officials Deport 120 Cubans To Havana — And That’s Just The Beginning
(DBN)

Texas Attorney General Stayed Quiet For Months as a Gun Owner Sent Threats to Kill Immigrants
(DBN)

Walgreens, CVS Joins In: No Guns in Stores
(DBN)

Red flag laws spur debate over due process
(DBN)

GAO: Trump Violated Law on National Parks GAO: Interior broke law in reopening parks during shutdown
(DBN)

Thieves are now using AI deepfakes to trick companies into sending them money
(DBN)

American Woman Allegedly Tried to Smuggle 6-Day-Old Boy Out of Philippines in Carry-On Bag
(DBN)

Feds recommend 10-month sentence for extremist in gun case
(DBN)

Kentucky Principal Who Banned Books For Their “Soft P---” Is Arrested For . . .
(DBN)

Utah Mother Arrested After Impersonating Daughter At Traffic Stop
(DBN)

11 landmark SCOTUS cases that changed American education (gallery)
(DBN)

Suits cast say emotional farewells after filming final ever season
(DBN)

Legal YouTube star documents first day as legal trainee
(DBN)

Trainee lawyer pleads guilty to r--- and kidnap after police discover work ID at crime scene
(DBN)

Firm boss asked Muslim staff if they were terrorists
(DBN)

‘Bengal Tiger’ lawyer dares airport security to arrest him in meltdown video
(DBN)

Cut off in traffic, a man flung a glass bottle. The other driver opened fire
(DBN)

Bonkers Law Firm Website: Everybody was Kung Fu drafting
(DBN)

______________

Judges:

BK NH Seeks Term Law Clerk
(DBN)

BK WD OK Seeks Term Law Clerk
(DBN)

BK SD GA: Brunswick and Savannah Divisions Closed
(DBN)

Judge rejects prosecutor bid to drop charges against ‘straight pride’ protesters; defense lawyer handcuffed
(DBN)

Justice Filtered: Plans To Manage Diversity In The Federal Judiciary
(DBN)

ABA Gives Ethics Advice on Judges’ Friendships, Romances
(DBN)

Gorsuch Says It’s Just Fine to Be Forgotten Someday
(DBN)

Senate Democrats threaten the Supreme Court
(DBN)

Jewish Death Row Inmate Bids for New Trial Because Judge Allegedly Called Him a ‘Godd*** K*ke’
(DBN)

______________

Wall Street:

US stock futures higher as investors focus on nonfarm payrolls
(DBN)

Stocks Close Sharply Higher, Clearing An Important Level Dow notches best day in 3 weeks on rising trade optimism, rosier economic data
(DBN)

Goldman is culling the ranks of its richest employees amid CEO David Solomon’s internal review
(DBN)

______________

Layoffs:

Sears closing more stores as hundreds lose jobs at HQ
(DBN)

Cerner will let go of 255
(DBN)

265 At Kayenta Mine
(DBN)

Oregon food processor to cut close to 500 jobs
(DBN)

______________

Pharma:

Mallinckrodt's stock hits all-time low on report of hiring bankruptcy advisor
(DBN)

Mallinckrodt downplays bankruptcy fears, says hires advisers "all the time"
(DBN)

More opioid makers are going bankrupt - and it's showing up in the alternative data
(DBN)

Mallinckrodt investors stream for the exits as opioid-tied bankruptcy talk mounts
(DBN)

Americans hate big pharma more than they do the government (but they still really dislike the government)
(DBN)

Where did the Sacklers move cash from their opioid maker?
(DBN)

Report: Healey balked at proposed Purdue settlement
(DBN)

Why Endo International Shares Are Tanking Today
(DBN)

Too Much Rope, Too Much Hope? The Oklahoma Case Against Johnson & Johnson Might Not Stand
(DBN)

Ex-Aegerion CEO Says Ch. 11 Plan Vote Is Unfair
(DBN)

____________

Mass Torts:

Michigan State fined $4.5 million for handling of Larry Nassar complaints
(DBN)

How the Larry Nassar scandal has affected others
(DBN)

BigLaw lawyer’s closing argument struck by judge in case alleging talcum powder caused mesothelioma
(DBN)

J&J Wouldn't Risk 'Golden Egg' With Talc Warning, Jury Told
(DBN)

Philip Morris Attorney Tells Jury Cancer-Stricken Plaintiff Could've Quit 'Anytime She Wanted'
(DBN)

____________

Retailing:

After 'bleak' Q2, prospects dim for department stores
(DBN)

More broken promises at Sears as layoffs and store closures top original projections
(DBN)

Sears and Kmart keep shrinking. Here's what's left
(DBN)

More layoffs, store closings reportedly coming at Sears
(DBN)

Purchase Order Financing: A Turnaround Tool for Companies Selling to Retailers
(DBN)

Target to suppliers: Keep tariffs to yourself
(DBN)

Luxury Retail Finds New Avenues As Brick-And-Mortar Fades
(DBN)

____________

Cannabis:

Newest opinion may pave way for cannabis industry bankruptcy protection
(DBN)

Forget Reefer Madness, Pot Law Goes Mainstream
(DBN)

____________

Travel:

Passengers were in for a long flight delay, but one of them stepped up to fly the plane
(DBN)

This is the worst airport in the U.S. for delayed flights
(DBN)

American Airlines mechanic accused of sabotaging flight
(DBN)

____________

Newspapers:

Newspapers are already struggling. California might make things even worse
(DBN)

New Chapter 11 Bankruptcy Filing - The News-Gazette Inc.
(DBN)

____________

Corporate Governance:

Creditors Increasingly Willing to Seize Company Control
(DBN)

Shareholder Primacy Means Shareholders Are Paid Last
(DBN)

CEOs are suddenly having a change of heart about what their companies should stand for — and the diverging fates of 2 major corporations show why
(DBN)

____________

Taxis:

Uber's Nightmare Has Just Begun
(DBN)

____________

Economy:

ISM Non-Manufacturing Index increased to 56.4% in August Service-oriented firms grow faster in August, cushion U.S. economy from China trade war
(DBN)

Powell will get the last word on interest rates after Friday’s job report
(DBN)

Visualizing the Purchasing Power of the Dollar Over the Last Century
(DBN)

A slowdown in US business formation poses a risk to economy
(DBN)

What Medicare For All Might Mean For Jobs
(DBN)

Weekly Initial Unemployment Claims increased to 217,000
(DBN)

The $86 Trillion World Economy in One Chart
(DBN)

Fed GDPNow Latest forecast: 1.5 percent
(DBN)

Goldman: August Payrolls Preview August Employment Preview What to expect from the August jobs report
(DBN)

The Fed is expected to cut rates only a quarter point, and that may not satisfy markets Fed officials disagree on interest rate cuts, despite investor certainty
(DBN)

Elizabeth Warren’s Detailed Economic Plan Could Shape 2020 Election The Holes in Warren’s Wealth Tax Can’t Be Plugged
(DBN)

ADP: Private Employment increased 195,000 in August
(DBN)

August Employment Preview
(DBN)

Trump said he'd rebuild manufacturing. Now it's in decline. What happened?
(DBN)

The Evolution of Private Capital Markets and Restructuring Dynamics
(DBN)

With 49 Deals in 30 Hours, U.S. Corporate Bond Market Ignites
(DBN)

Closer Look at Private M&A Reveals Increasing Risk of Ownership Distress
(DBN)

Global Trade Issues Reverberate Through the U.S. Economy The True Cost of the Trade War U.S., China more divided than ever as new trade talks loom Trump's 'chosen one' schtick makes him put fighting China over helping US economy Reliable China insiders hint that this round of trade talks could lead to a ‘breakthrough’ Cramer: US economic strength empowers Trump to continue to play hardball on China trade Drug-smugglers are circumventing Trump's border crackdown by stuffing ocean freighters with cocaine US-China talks: A breakthrough is 'a bit optimistic' — Carlos Gutierrez Trump ditched tariffs on Mexican tomatoes Trump’s Tomato Trade-War Deal Averted a Dreaded 2020 Scenario
(DBN)

The specter of global disintegration
(DBN)

Globalization may be changing the fundamentals of economics
(DBN)

Trump's trade war and Brexit are creating a "flying blind" economy
(DBN)

Alaska’s universal basic income problem
(DBN)

Japan is a Trumpian paradise of low immigration rates. It's also a dying country
(DBN)

Retail credit cards are squeezing the financially vulnerable as their delinquency rate rises
(DBN)

Ray Dalio breaks down why he sees a 25% chance of recession through 2020
(DBN)

Roubini Says Markets Too Complacent, Chance of Recession Over 25%
(DBN)

Ernst: Gut Social Security Behind Closed Doors
(DBN)

Healthcare, living costs, and security makes US one of world's worst places to live Ranked: The 20 Most Dangerous Places to Live
(DBN)

The Problem with US' Fastest Growing Jobs
(DBN)

White Americans’ Hold on Wealth Is Old, Deep, and Nearly Unshakeable
(DBN)

Why Are Marriage Rates Down? Study Blames Lack Of ‘Economically-Attractive’ Men
(DBN)

Krugman: Trumpism Is Bad for Business
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

Mortgage rates sink to new 3-year lows on weak manufacturing data Mortgage rates fall again — and the Fed could push them even lower
(DBN)

Trump Moves to Send Mortgage Giants Back to Private Sector Trump Fannie-Freddie Plan Urges Ending Decade of U.S. Rule Trump administration plan to overhaul Fannie Mae and Freddie Mac would allow firms to keep more capital Trump administration plan to overhaul housing finance system calls for more private sector involvement Trump administration’s road map for GSE overhaul Trump Plan For Home Loans Rattles Watchdogs
(DBN)

Trump administration releases plan to revamp the housing market
(DBN)

Half of home shoppers say they can't find a house in their budget
(DBN)

Good news for the mortgage business: Nearly all homebuyers are happy they stopped renting
(DBN)

Trump's blueprint for Fannie Mae, Freddie Mac reform expected "within days"
(DBN)

Hovnanian Enterprises Q3 Loss Widens
(DBN)

Philadelphia: Clock ticks for Seven Tower Bridge development
(DBN)

Here's how much space $1 million will get you in 25 major US cities
(DBN)

Sam Zell: WeWork's Horrible Business Model
(DBN)

____________

Municipalities:

Trump is taking money from Puerto Rico’s recovery and European security to fund his wall
(DBN)

Puerto Rico's bond mediation proceeds at snail's pace
(DBN)

Puerto Rico economic activity for July drops compared with last year
(DBN)

‘Assured’ Uncertainty: Why First Circuit’s Decision Related to Puerto Rico’s Insolvency May Shake Up The Municipal Bond Market
(DBN)

Chicago’s deficit heralds US pensions crisis
(DBN)

Illinois GO decision has little bearing on Puerto Rico GO challenge
(DBN)

New Yorkers Are Leaving The City In Droves: Here's Why They're Moving And Where They're Going
(DBN)

Where Is the Best City to Live, Based on Salaries and Cost of Living?
(DBN)

____________

Oil/Gas:

Oil company files for bankruptcy protection citing Colorado rule changes
(DBN)

Louisiana offshore services business looks buy troubled Houston operator for $75M
(DBN)

U.S. shale firms cut budgets, staff as oil-price outlook dims
(DBN)

Wall Street Gets Burned by Oil Patch's Fire Sales
(DBN)

2020 Election Could Put Oil Out Of Business
(DBN)

The Coming M&A Wave In U.S. Shale
(DBN)

Lenders poised to take over bankrupt offshore energy producer Furie, says creditor
(DBN)

____________

Personal Finance:

7 rules for creating an engaging elevator pitch that actually works
(DBN)

____________

Education:

Boston Language Institute accused of ‘unfair or deceptive acts’ by AG's office
(DBN)

The 20 top-tier schools where the most students get financial aid
(DBN)

By the numbers: Is college worth the cost?
(DBN)

____________

Aviation:

Offshore Helo Services Company PHI Exits Bankruptcy DLA Piper advises PHI, Inc. and various affiliates in their successful emergence from chapter 11
(DBN)

The Boeing 737 Max grounding is still affecting air travel Boeing 737 Max: Airlines eye end of 2019 for aircraft's return
(DBN)

____________

Healthcare:

The problem of medical debt, and the wonky fight behind Bernie Sanders’s plan to eliminate it, explained
(DBN)

Philadelphia: Concerned for their future, St. Christopher's Hospital employees hold a rally St. Christopher’s doctors call for local nonprofit to buy hospital
(DBN)

Residency sale stalemate hangs up ruling in Hahnemann bankruptcy Sale of Hahnemann’s medical-residency program approved by bankruptcy judge Judge approves sale of Hahnemann residency programs Court approves $55M sale of Hahnemann's residency program to area health systems
(DBN)

Carson City sober-living facility closes, declares bankruptcy after client's death
(DBN)

Health Care in America: Searching for Ways to Make $2 Million Seem Less Like $2 Million
(DBN)

Black women are more likely to die from a pregnancy
(DBN)

____________

Celebs:

Tori Spelling & Dean McDermott At Four Season Amid Money Woes
(DBN)

'RHOBH' Star Dorit Kemsley's Husband Grilled By Judge Over $1.2 Million Debt
(DBN)

____________

Electricity:

PG&E Pays a Million a Day for America’s Biggest Utility Bust
(DBN)

PG&E seeks to prevent state court trial over 2017 Tubbs Fire PG&E fights judge’s order clearing way for Tubbs fire trial
(DBN)

PG&E Seeks More Than $14 Billion in Equity in Restructuring Plan
(DBN)

A 'Cat and Mouse Game': PG&E's Long Record of Run-Ins With Regulators and Courts
(DBN)

PG&E Wildfire Assistance Program distributes first checks to fire victims
(DBN)

Sale of Diablo Canyon Could Provide Wildfire Victims With Up to $5 Billion in Relief
(DBN)

____________

Awards:

18th Annual M&A Advisor Awards Finalists
(DBN)

____________

Religion:

Catholic Pastor Bans Harry Potter Books Because They Contain “Actual Curses and Spells”
(DBN)

____________

Fraud:

California Woman Accused Of $300 Million Liquor License Financing Ponzi Scheme
(DBN)

Have You Seen This Man? Washington’s Biggest Convicted Ponzi Schemer Is Still On The Lam 18 Months After Escape
(DBN)

____________

Coal:

Fate of stockpiled coal is debated in bankruptcy court
(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 (23 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (3 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:

Commercial Chapter 11 Filings Increase 19 Percent from Last Year, Total Filings Drop 3 Percent
(DBN)

August 2019 Bankruptcy Statistics- State and District August 2019 Bankruptcy Statistics- Commercial Filings
(DBN)

August Commercial Chapter 11 Filings 2009-19 August Commercial Bankruptcy Filings 2009-19 August Total Bankruptcy Filings 2009-19
(DBN)

Rising retiree bankruptcies? It's a myth
(DBN)

______________

Sales:

8th Circuit Affirms Dismissal of Lawsuit Attacking Approved Bankruptcy Sale
(DBN)

____________

Bankruptcy Reform:

Three New Bankruptcy Amendments Become Law
(DBN)

____________

Chapter 22:

Chapter 22 Is Not Necessarily a Bad Thing
(DBN)

____________

Litigation:

Litigation Finance: A Bankruptcy Litigator’s Viewpoint
(DBN)

New Cases Provide Insights on the FRCP 37(e) ‘Reasonable Steps to Preserve’ Requirement
(DBN)

Former in-house lawyers weigh in on legal finance
(DBN)

____________

Advisors:

CohnReznick Expands Restructuring Practice
(DBN)

____________

Finance:

Recent Evolutions in Distressed Lending for Restructurings
(DBN)

____________

Bonuses:

PG&E, Insys Bankruptcies Stumble in Bids for Bonuses, Severance
(DBN)

____________

Student Debt:

More than 54,000 people have applied for student loan forgiveness. Only 661 have been approved Loan forgiveness program suffers from confusing terms, federal watchdog says Congress Promised Student Borrowers a Break. Then DOE Rejected 99% of Them
(DBN)

How Joe Biden helped inflame the student loan crisis
(DBN)

America’s debt-laden students need better policy solutions
(DBN)

Dealing With Student Loans During A Disaster
(DBN)

Bills would forgive student loan debt for beginning Wisconsin farmers
(DBN)

Attorney General Phil Weiser joins multistate lawsuit on student loan debt
(DBN)

____________

Food/Beverage:

Bankruptcy court approves sales of 16 Perkins sites, including Meadville location
(DBN)

Restaurant Performance Index declined in July
(DBN)

____________

Autos:

BEA: August Vehicles Sales increased to 17.0 Million SAAR
(DBN)

Trump meets with GM’s Barra and repeats claim Dorian threatened Alabama GM CEO Calls Trump Meeting "Valuable"
(DBN)

____________

Politics:

‘State-by-state slog’ ahead after North Carolina rules partisan maps violate state constitution Gerrymandering Is a Cancer State Courts Can't Cure The Battle Over the Files of a Gerrymandering Mastermind Three North Carolina Judges Step In Where the Supreme Court Refuses
(DBN)

President Trump Job Approval: 43.3% Approve - 53.8% Disapprove
(DBN)

Biden leads Trump by 9 percentage points in key battleground of Wisconsin, poll finds
(DBN)

6 winners and 3 losers from CNN’s climate town hall Biden bumbles while Sanders and Warren score in CNN's climate town hall
(DBN)

Pete Buttigieg says GOP will face ‘reckoning’ over Christianity
(DBN)

Rural Base May Reject Trump in 2020 Due to His Agriculture Policies, Iowa Ethanol Boss Warns
(DBN)

While Trump continues to tout North Korea talks as success, signs of any progress are hard to find
(DBN)

____________

Climate:

‘Everything is gone:’ Bahamians struggle in Dorian’s devastating wake Hurricane Dorian photos: the aftermath of a Category 5 storm Bahamas: Everything is Destroyed In Bahamas, survivors stuck waiting for relief 'Panic, pillaging, looting' 'Like zombies'
(DBN)

Hurricane Dorian is a Category 3 “major hurricane” just off the coast of the Carolinas Dorian Weakens to a Cat 1 Hurricane Hurricane Dorian howling over North Carolina's Outer Banks For third time in four years, Carolinas brace for hurricane
(DBN)

Donald Trump Won't Let the Dorian-Alabama Thing Go Trump’s Most Pointless Lie Trump was reportedly the person who used a black Sharpie to change the confusing Hurricane Dorian map White House tells CNN to ‘study up on U.S. geography,’ and the gloves are off “Sharpiegate”: Trump Ridiculed For Altered Hurricane Forecast
(DBN)

Making the global case for climate rule of law
(DBN)

____________

UK:

Philip Green's Topshop empire plunges to huge loss
(DBN)

House prices: 'Caution' dominates the market
(DBN)

British Land sparks legal battle over Monsoon rescue
(DBN)

The constitutional change at the heart of the UK Parliament’s endless deadlock
(DBN)

Brexit: What Now?
(DBN)

How A No-Deal Brexit Could Destroy The Irish Dairy Industry — And Threaten Peace
(DBN)

British prime minister pushes for new election as casualties mount in Brexit battle
(DBN)

These 5 countries are busy prepping for a post-Brexit world
(DBN)

Boris Johnson takes wrecking ball to government and gets hit himself
(DBN)

Boris Johnson loses his majority
(DBN)

Boris Johnson says snap election is the only way to resolve Brexit gridlock
(DBN)

Trump might like Brexit less when he sees what it does to the economy
(DBN)

____________

PIIGS:

ie: Number of bankruptcies increase
(DBN)

____________

Canada:

Insolvencies rise in July
(DBN)

Feds to amend insolvency legislation to protect pensions
(DBN)

____________

China:

Chinese property sector's troubles highlight debt-laden economy
(DBN)

China’s Private Bond Defaults Climb to Record $4.4 Billion
(DBN)

____________

Norway:

Norwegian Air Is Taking Last-Ditch Measures to Avoid Bankruptcy
(DBN)

____________

India:

JSW Snaps Up Second Stressed Steel Asset With Bhushan Power Win
(DBN)

____________

France:

Vivarte: creditors take control of the group
(DBN)

Cash-strapped French airline Aigle Azur to cancel all flights After filing for bankruptcy protection on Monday, Aigle Azur will suspend all operations tonight
(DBN)

____________

Argentina:

The $15 billion of distressed Argentine bonds no one talks about
(DBN)

____________

India:

Insolvency professional complains to SBI about selection criteria for RPs
(DBN)

____________

South Africa:

South Africa to Consult Eskom Debt Holders on Reorganization
(DBN)

____________

Lebanon:

Lebanon on Debt Tightrope as S&P Sets Clock Ticking to Downgrade
(DBN)

____________

Russia:

Russian troubled refinery's bankruptcy case set for December
(DBN)

____________

Australia:

Classic cross-border cooperation: joint court hearings in the Halifax insolvency
(DBN)

Australia Posts Worst GDP Growth in Years
(DBN)

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