February 13, 2020

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Why the increase in malpractice risk? Lawyers for plaintiffs point to trial lawyering, bill padding
(DBN)

Big Law’s Associate Pay Scale Stagnated as Partner Profit Soared
(DBN)

Bankruptcy courts punished Synergy Law again and again. Its customers kept losing their homes anyway.
(DBN)

Paul Weiss Targeted This Time by NYU Law Students
(DBN)

Law Student Dies After Being Run Over By SUV Near Campus
(DBN)

Qualities Of Good Managing Partners
(DBN)

New Law School Ranking Gives Different Spin On The T14
(DBN)

Hacking group publishes ‘full dump’ of law firm’s data; another responds to cybersecurity incident
(DBN)

How 2 Texas lawyers are marketing their practice through song
(DBN)

Is There Such A Thing As Stealth Mentoring?
(DBN)

Associates Love Their Career Prospects At This Biglaw Firm
(DBN)

University of Michigan Law School alum revokes planned $2 million bequest
(DBN)

Reasons You—and Your Firm—Should Level Up on LinkedIn in 2020
(DBN)

Akin Gump Hires New Chief Legal Talent Officer as Part of Development Push
(DBN)

New leaders share power at Boies Schiller amid lawyer departures and compensation issues
(DBN)

'When Character Matters Most': What Lawyers Are Saying About the Stone Prosecutors Who Quit Trump attacked the judge presiding over Roger Stone's trial, and praised AG Barr after the entire DOJ prosecution team resigned in protest at his meddling The Stone Prosecutors Who Left the Case DOJ's Roger Stone Maneuvering Faces Calls for Internal Investigation Prosecutors Rage Quit After Justice Department Appears To Intervene In Case On Trump’s Behalf ‘Satisfied Customer’ Trump Openly Implicates Barr in ‘Taking Charge’ of His Friend’s Criminal Case The Attorney General is Now Trump's Lawyer Trump just congratulated Bill Barr for doing something he said was “totally illegal” not long ago Trump Praises Barr for Rejecting Punishment Recommended for Stone Trump: Stone treated badly by prosecutors Republicans ready to look past Trump's intervention in Roger Stone case Trump’s purge Can Trump Tell DOJ What to Do? Not by Our Constitution
(DBN)

American Bar Association Goes After Trump
(DBN)

Rule of Law Being Destroyed by Trump, Barr
(DBN)

Witness Retaliation is a Crime
(DBN)

Conservative Judge Has Had It with AG Barr
(DBN)

House Judiciary Committee says Barr has agreed to testify Barr faces fresh scrutiny over Stone sentencing fiasco
(DBN)

DOJ’s Roger Stone Debacle Puts New Focus on Judge Amy Berman Jackson
(DBN)

'Pardon Roger Stone' Movement Begins in Earnest with New Group Dedicated to His Freedom Don’t Be Surprised if AG Barr Himself Advises Trump to Pardon Stone, Flynn and Others
(DBN)

U.S. Attorney Who Made Bill Barr Get His Hands Dirty Is Out Of A Job
(DBN)

'Slammed': What Has Driven Departures From Trump's Justice Department
(DBN)

Former officials furious over Trump, Barr firings, DOJ intervention
(DBN)

Trump Fires Official for Refusing to Break Law
(DBN)

States Suing Administration at Record Pace
(DBN)

Mnuchin Defends Refusal to Hand Over Trump’s Tax Returns After Releasing Hunter Biden’s Financial Info
(DBN)

Donald Trump Jr. won't stop talking about Jussie Smollett saga
(DBN)

FactCheck: Who's Paying for Border Wall?
(DBN)

Flynn's claims of misconduct are baseless, prosecutors say Mueller Aide Defends Flynn Prosecution
(DBN)

Trump Campaign Attorney Volunteer to Fill Top DHS Lawyer Role 7 Years Removed from Law School
(DBN)

Barclays CEO Jes Staley is being investigated by UK regulators over his ties to Jeffrey Epstein
(DBN)

Where the Weinstein trial stands
(DBN)

Lawyers Are Bad Guys, And Worse Women, In Ronan Farrow’s #MeToo Manifesto ‘Catch And Kill’
(DBN)

Thousands of fetuses found in abortion doctor's car to get mass burial
(DBN)

Connecticut high school girls file federal suit to prevent transgender athletes from competing
(DBN)

DoorDash’s anti-worker tactics have backfired spectacularly
(DBN)

He moved into his daughter's dorm and targeted her roommates for sex trafficking, prosecutors say
(DBN)

Virginia fornication law repeal one step closer to law
(DBN)

______________

Judges:

Trump attacks judge who will sentence Stone Roger Stone Faces Judge Who Has Spurned and Sided With Trump
(DBN)

Judge who sealed documents about her beach property gets reversed by appeals court
(DBN)

Federal Judge Sexual Harassment Case Sparks Congressional Interest
(DBN)

Mitch McConnell Will Confirm Every Judge To Completely Transform The Courts Before Election 2020
(DBN)

Judge Who Blocked Release of Torture Report Will Replace Merrick Garland as Chief Judge
(DBN)

Justice Ginsberg Deals Fatal Blow to ERA
(DBN)

Clarence Thomas Suffers Cognitive Dissonance
(DBN)

______________

Wall Street:

Futures point to lower open on renewed concerns about coronavirus impact U.S. stock futures slump as China reports spate of new virus cases
(DBN)

Dow jumps more than 250 points to a record
(DBN)

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Layoffs:

Kohl's cuts 250 jobs while arguing that it is operating from 'a position of financial strength'
(DBN)

Greenville mayor lashes out over Camping World 104 layoffs
(DBN)

Viacom: 100 Layoffs
(DBN)

______________

Trucking:

Bankrupt Celadon Accuses Recovery Company Of Illegally Seizing Equipment
(DBN)

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Agribusiness:

Pennsylvania Breeders Say Governor’s Proposal Will Bankrupt Family Farms
(DBN)

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Autos:

Spike Dykes location to be sold if bankruptcy court approves
(DBN)

Amtek creditors accept US hedge fund’s offer, to take deep haircut
(DBN)

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Corporate Reform:

Let the consumer watchdog do its job
(DBN)

____________

Coal:

Is The US Coal Industry Completely Burned Out?
(DBN)

Australia is one of the last developed countries actively considering new coal-fired power stations
(DBN)

____________

Event Facilities:

Weddings chain Noah’s Event Venue closes abruptly, stranding up to 7,500 brides and grooms Thousands of couples scrambling after national chain of wedding venues abruptly shuts down
(DBN)

____________

Pharma:

Akorn Announces New Extension of Standstill with Lenders and Agrees to Pursue a Sale of its Business
(DBN)

____________

Non-Profits:

Lawmakers approve settlement in UW-Oshkosh case
(DBN)

____________

Utilities:

PG&E Tries to Steer Judge Away From Fire Safety Crackdown
(DBN)

PG&E Receives Subpoena in San Francisco Corruption Probe
(DBN)

____________

Taxis:

Lyft Loses $2.6 Billion
(DBN)

____________

Economy:

Trump's latest Fed pick heads to her confirmation hearing Thursday. She backs the gold standard, near-zero interest rates, and less central bank independence 10 of Trump Fed nominee Judy Shelton's most controversial quotes A Trump Fed choice, Judy Shelton, faces Senate scrutiny over policy views
(DBN)

There’s now a record number of 401(k) and IRA millionaires, according to Fidelity
(DBN)

Trump Cuts Federal Pay Raise Over Economy
(DBN)

Americans have more credit-card debt than ever, and millennials are really struggling to pay theirs off
(DBN)

Energy expenditures as a percentage of PCE
(DBN)

Partisanship is fueling urban-rural divisions
(DBN)

Is It About To Rain? Preparing For A Recession
(DBN)

LA area Port Traffic Down Year-over-year in January
(DBN)

AWS chief says it’s ‘folklore’ that Amazon will destroy competition in any new market it enters
(DBN)

Charlie Munger warns there are ‘lots of troubles coming’ because of ‘too much wretched excess’
(DBN)

Munger: China Companies Stronger Than US
(DBN)

CEOs are switching between industries 4 times as much due to blurring of skills
(DBN)

Which States Rely Most on Federal Money?
(DBN)

The aging future of work
(DBN)

Top Global Risks of 2020: Trade Wars
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

Birth of a rental monolith? RentPath declares bankruptcy, agrees to sell to CoStar CoStar Agrees To Buy RentPath Out Of Bankruptcy For $588M Why CoStar Group Stock Just Popped 10%
(DBN)

Houston Real Estate in January: Sales up 15.2% YoY, Inventory Up 3.7% YoY
(DBN)

Here's how much space $1,000 in rent will get you in 11 major US cities
(DBN)

Breaking Down Simon’s Bet on Taubman
(DBN)

____________

Municipalities:

Democrats blast Puerto Rico aid hold at budget hearing
(DBN)

Official: Puerto Rico govt loses $2.6M in phishing scam
(DBN)

Rashida Tlaib urges Federal Reserve to bail out bankrupt Detroit and Puerto Rico Tlaib pushes federal reserve to lend to distressed cities
(DBN)

Chicago’s Bonds Aren’t Akin to Puerto Rico’s
(DBN)

____________

Oil/Gas:

U.S. judge likely to approve Philadelphia refiner's bankruptcy plan Judge rules in favor of PES refinery’s proposed sale to Chicago-based developer
(DBN)

Here’s why Whiting Petroleum’s stock plummeted toward a record low
(DBN)

Global oil demand set to see first quarterly decline in over 10 years, IEA says IEA cuts world oil demand growth view to lowest since 2011
(DBN)

Third of Fossil Fuel Assets May be Stranded
(DBN)

BP vows to "fundamentally" change with net-zero emissions target 'Why are you not Elon Musk?': The new boss of an oil-and-gas titan isn't leaving clean energy to Tesla
(DBN)

The toxic reach of Deepwater Horizon's oil spill was much larger - and deadlier - than previous estimates, a new study says
(DBN)

Bankruptcy Plan for Southcross Energy Partners Goes Into Effect
(DBN)

____________

Politics:

Bernie Sanders wins NH primary, making him the frontrunner New Hampshire 2020: In Supreme Irony, the Horse Race Favors Bernie Sanders What winning New Hampshire - and its media frenzy - could mean for Bernie Sanders As Bernie Sanders ascends, his potential White House approach - and obstacles - come into focus The media keep falling in love - with anybody but Bernie Sanders Democratic establishment's angst over Sanders grows Goldman Sachs CEO David Solomon says markets ‘don’t care’ yet about Bernie Sanders’ surging campaign Bernie Sanders lost among New Hampshire voters focused most on beating Trump
(DBN)

John Kelly Finally Speaks
(DBN)

What we learned in New Hampshire 8 questions about where the Democratic primary stands after New Hampshire
(DBN)

Joe Biden suffers blistering loss in New Hampshire, with the former frontrunner winning no delegates just a week after a disastrous Iowa caucus showing Drop out, Joe Biden. New Hampshire proves you are done.
(DBN)

Prominent Elizabeth Warren supporter says 'she's done' after her poor New Hampshire results Warren's campaign at a crossroads as once-rising star confronts disappointing finishes Elizabeth Warren isn’t done yet
(DBN)

What Klobmentum says about women running for president
(DBN)

The boss of Iowa's Democratic Party quit after its caucus turned into an embarrassing disaster
(DBN)

Nevada officials intend to use Google forms in upcoming caucuses
(DBN)

Popular meme accounts on Instagram are suddenly posting for Mike Bloomberg's 2020 campaign Mike Bloomberg is paying online influencers to post memes for his 2020 campaign Bloomberg wins the Democratic spotlight, and the derision of his rivals Bloomberg once blamed end of ‘redlining’ for 2008 economic collapse
(DBN)

Is Pete Buttigieg Jimmy Carter 2.0?
(DBN)

Nevada and South Carolina could make or break Buttigieg and Klobuchar
(DBN)

Why Trump is beatable in 2020
(DBN)

Trump says 'I won't be changing my mind' on his view that brain injuries suffered by US troops in Iran's attack are not very serious
(DBN)

House Democrats ask Secret Service for details about its payments to Trump's company
(DBN)

The US Army is not investigating Lt. Col. Alex Vindman, despite Trump saying he 'certainly' believed it would explore the idea
(DBN)

The United States' European allies are no longer taking Trump's 'apoplectic' threats seriously
(DBN)

Westlaw Uses AI To Prove Legislatures Are Entirely Predictable
(DBN)

With impeachment over, critics see Trump 'retribution tour'
(DBN)

Trump seeks to bend the executive branch as part of impeachment vendetta
(DBN)

After impeachment: Congress adrift, oversight uncertain
(DBN)

Prosecutors in Trump impeachment trial return to reality of House
(DBN)

1st McSally ad for 2020 race slams Kelly over impeachment
(DBN)

Trump is obsessed with height; now he's trying to weaponize it in the election
(DBN)

Senate primed to pass measure restricting Trump on Iran
(DBN)

____________

Telecoms:

Frontier, nearing bankruptcy, faces scrutiny over weeks-long phone outages
(DBN)

____________

Climate:

Capitalism Steps Up as Climate Change Threatens to Reshape Markets
(DBN)

How The Financial Industry Is Confronting The Climate Threat
(DBN)

____________

Healthcare:

Bankrupt hospitals draw watchdog scrutiny over patient care
(DBN)

Pressure Mounts to Prevent Closure of Major Daly City Hospital Nurses stage protest at for-sale Daly City medical center, worried that it may close
(DBN)

W. Va. Hospital Announces Cutbacks, Gov. Justice Plans To Begin Rural Medicine Task Force
(DBN)

Hospital networks are at least $60M apart in potential sale of 2 Hudson County facilities, sources say
(DBN)

OPEC cuts oil demand outlook for the year, citing the coronavirus outbreak in China as a 'major factor' Wuhan virus numbers spike by 14,800 in a day Coronavirus cases spike after China revises diagnosis criteria China reports 254 new virus deaths as it replaces top officials Why we still don’t know how many people are dying from the new coronavirus One map shows where the Wuhan coronavirus outbreak has spread — more than 45,000 cases are confirmed across 26 countries A Beijing bun shop has started sliding customers' orders down a long wooden board in an attempt to protect its workers from the coronavirus After 13 days at sea and refusal by 5 ports, passengers aboard the Westerdam cruise ship are slated to disembark in Cambodia Dystopian revelry aboard the cruise to nowhere: Live-tweeting in a time of coronavirus The world's biggest smartphone conference was just canceled because of coronavirus concerns China boasted that it built two new coronavirus hospitals in 12 days. But they're treating less than half the people they're supposed to Ray Dalio clarifies his previous comments that the market impact of coronavirus has been 'exaggerated' Striking photo shows a wall of traders on an auction floor in China working with masks on amid spread of coronavirus 11 crew on the quarantined coronavirus cruise ship have contracted the disease — and the rest are afraid they'll be next More than 500 healthcare workers in Wuhan have gotten the coronavirus. One study found that 29% of infections were in medical staff United just extended China and Hong Kong cancellations as the coronavirus continues to wreak havoc on airlines and the entire travel industry The US has confirmed 14 coronavirus cases across 6 states. Here's what we know about all the US patients Most coronavirus cases are mild, complicating the response ‘We didn’t have a goodbye kiss’ — couple on quarantined ship separated after coronavirus diagnosis “No handshakes, please”: The tech industry is terrified of the coronavirus
(DBN)

___________

New Bankruptcy Opinions
(7 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 (8 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)

______________

Debt Collection:

Sixth Circ.: Attorneys Not Liable Under FDCPA for Reasonable Mistakes of State Law
(DBN)

____________

Appeals:

Stay Relief Orders Denied with Prejudice Immediately Appealable
(DBN)

____________

Interest:

Bankruptcy Court Rules Default Interest is Not a Penalty Where Triggered by Maturity Default
(DBN)

____________

Anti-Assignment:

Anti-Assignment Provisions: Restrictions on Transfer of Promissory Notes May Be More Enforceable Than You Might Expect
(DBN)

____________

Sanctions:

$3 Million Punitive Damages Award Was Unconstitutionally Excessive
(DBN)

____________

Finance:

You Say Loan Participation, I Say Securities, Let’s Call the Whole Thing Off
(DBN)

____________

Newspapers:

McClatchy files bankruptcy to shed costs of print legacy and speed shift to digital Newspaper publisher McClatchy files for bankruptcy protection McClatchy Company, Newspaper Publisher, Files for Bankruptcy McClatchy Commences Voluntary Chapter 11, While Soliciting Support for Plan of Reorganization McClatchy Files For Bankruptcy Petition
(DBN)

____________

Retailing:

Report: Stage Stores Exploring Bankruptcy Shares of Stage Stores plunge amid bankruptcy speculation Stage Stores reportedly eyeing bankruptcy
(DBN)

Modell's works with vendors, landlords to avoid bankruptcy
(DBN)

____________

Personal Finance:

This chart shows the exact age when you're most likely to get married This chart shows the exact age when you're most likely to get divorced
(DBN)

____________

Student Debt:

Appeal Filed From Bankruptcy Court’s Decision Granting Discharge of Student Loan Debt
(DBN)

The Democrats Are Not Going To Forgive Your Student Loans Anytime Soon
(DBN)

My parents 'refinanced' my student loans, and even though I'm still paying them off I'll save over $9,000
(DBN)

New option for student loan borrowers: bankruptcy
(DBN)

New startup aims to help student loan borrowers declare bankruptcy
(DBN)

Reset Button is approaching student debt from a new angle
(DBN)

Is It Easier to Get Rid of Student Loan Debt in Bankruptcy Than We Thought?
(DBN)

____________

Cannabis:

Marijuana Tenants and the Effects on Landlord’s Rights in Bankruptcy
(DBN)

Aurora Cannabis earnings: Here comes a billion-dollar loss
(DBN)

____________

Aviation:

AtlasGlobal Goes Bankrupt, Ceases Operations Turkish air carrier AtlasGlobal is bankrupt and stops operations AtlasGlobal Files For Bankruptcy In Turkey
(DBN)

Air Georgian heading toward bankruptcy: Report
(DBN)

5 reasons why Air Italy went bankrupt
(DBN)

12 notable airlines have gone out of business in the last 14 months — here's the full list
(DBN)

South African Airways May Sell Heathrow Slots to Raise Cash 
(DBN)

Airbus shows loss for 2019 following bribery settlement Airbus Reports Billions in Losses
(DBN)

Air India is not shutting down, says CMD Ashwani Lohani
(DBN)

Airbus and Boeing Have Both Forgotten How to Make Money
(DBN)

Chinese airlines rush to refinance fleets because of coronavirus
(DBN)

____________

Religion:

Donations to D.C. Catholic archdiocese's key appeal down nearly a third after year of controversy
(DBN)

Bankruptcy judge rules sexual-abuse victims’ attorney can question bishop emeritus
(DBN)

____________

Banking:

Wells Fargo Trying To Look Like More Successful, Less Scandal-Ridden Bank
(DBN)

____________

Sovereigns:

Judgments > CACs
(DBN)

____________

UK:

Appointing administrators: does recent guidance provide any relief for practitioners?
(DBN)

Boris Johnson won't say who really paid for his free holiday to a private Caribbean island after his millionaire friend denied footing the bill Boris Johnson claims Caribbean holiday with Carrie Symonds was £15k gift from tycoon – but he denies it
(DBN)

Number of pensioners in debt soars - 1.65 million people over 65 now in financial debt
(DBN)

EU Forecasts Cast Doubt on Johnson’s U.K. Growth Ambitions
(DBN)

____________

PIIGS:

‘Anything Is Possible’: Enter the World of Sub-Zero Greek Debt
(DBN)

Sean Dunne’s bankruptcy trustee lifts legal claim over Shrewsbury Road mansion
(DBN)

____________

India:

An Indian firm enters bankruptcy every four hours, but that’s not the only worrying trend
(DBN)

Chaos reigns, passengers fume as railway systems go defunct
(DBN)

Insolvency of Financial Service Providers and Third Party Rights Under Securitization Contracts
(DBN)

____________

China:

Despite China's appeal for a return to work, it's business as unusual in Beijing
(DBN)

Electric Vehicles Sales in China in Free Fall
(DBN)

____________

Australia:

Aussie designer Alex Perry closes glitzy bricks and mortar flagship store
(DBN)

____________

Argentina:

Argentina sees 'deep debt restructuring' ahead, rejects fiscal austerity
(DBN)

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