February 19, 2020

The Daily Bankruptcy News

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Law:

Dissolved law firm has no right to profits in hourly fee matters taken to new firm, appeals court says
(DBN)

Judge tosses law firm’s suit alleging rival’s ads inflated recoveries
(DBN)

War of Words Follows Class Action Retreat in MoFo 'Mommy Track' Suit
(DBN)

The Most Selective Law School (This Year)
(DBN)

Financial Restructuring Partner Alastair Goldrein Joins Dechert’s London Office
(DBN)

World Class Marketing—A Law Firm Call to Action
(DBN)

As U.S. Firms Warily Eye the Big Four, They're Becoming a Force in Asia
(DBN)

Bar Exam Pass Rate Jumps to 80% Nationwide for First-Timers • Law schools see an increase in bar passage rates, new ABA data shows
(DBN)

In ‘Bart Simpson-esque’ punishment, lawyer is ordered to pledge compliance with ethics rules in legible handwriting
(DBN)

Mammas, Don’t Let Your Babies Grow Up To Be Litigators
(DBN)

Don’t Look Now, But The DOJ May Be Ever So Slightly … ON FIRE!
(DBN)

Judge in Harvey Weinstein Trial Issues Gag Order in Wake of Defense Lawyer's Op-Ed • Prosecutors Claim Rotunno Op-Ed is Jury Tampering • Deliberations in Weinstein Rape Trial Begin • Judge Warns Weinstein’s Defense After Op-Ed by Lead Lawyer • My Prediction On The Harvey Weinstein Verdict, And Why The Prosecution Already Won Even If There’s An Acquittal
(DBN)

Roger Stone Judge Completely Ignores Resignations, Trump Tweets During 10-Minute Conference Call • Judge will sentence Roger Stone on Thursday, but could delay imposing punishment • Trump joins calls for new Roger Stone trial • President Donald Trump Threatens To Sue ‘Everyone’ Over Mueller Investigation And Roger Stone Trial • ‘Serial Abuser of the Legal System’: Lawyers Dismiss Trump’s Mueller Lawsuit Threats as ‘Lies and Smears’ • Trump’s call for Roger Stone to receive a new trial, briefly explained
(DBN)

‘Will He Resign?’: Lawyers React After Trump Ignores Barr's Plea to Stop Tweeting About Judges • Barr: Stop Tweeting About Judges. Trump on Twitter: The Judge Should Grant Roger Stone a New Trial • Reports: Barr is considering leaving over Trump's tweets • AP source: Barr tells people he might quit over Trump tweets
(DBN)

President Trump Appears to Believe He Is the Attorney General of the United States
(DBN)

Trump administration waives contracting laws to speed construction of border wall
(DBN)

Trump's clemency spree • Trump grants clemency to ex-Gov. Rod Blagojevich, Bernard Kerik and Eddie DeBartolo Jr. • Trump pardons Michael Milken, face of 1980s insider trading scandals • The Milken Pardon and the Trump Connection?
(DBN)

Justice Department says U.S. attorneys are reviewing Ukraine information
(DBN)

Asylum-seekers deserve greater legal protections and better treatment, declares ABA House
(DBN)

Wait, What Wild Theory Is Alan Dershowitz Peddling Now?
(DBN)

Ohio Attorney Who Had Sex With Client Gets Suspended
(DBN)

6-year-old is held without mother’s consent under involuntary commitment law
(DBN)

Utah Senate Votes to Make Polygamy Legal
(DBN)

Grand jury declines to indict defense lawyer for digging up shell casings
(DBN)

Ring and Nest helped normalize American surveillance and turned us into a nation of voyeurs
(DBN)

Former Colo. mayoral candidate drugged new mom with cupcake in scheme to steal her baby, police say
(DBN)

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Judges:

Invitation for Public Comment on the Reappointment of U.S. Bankruptcy Judge Dennis Montali
(DBN)

Invitation for Public Comment on the Reappointment of U.S. Bankruptcy Judge Michael Kaplan
(DBN)

A group of federal judges will hold an emergency meeting over Trump's role in the DOJ's sentencing recommendations for Roger Stone
(DBN)

Roger Stone Sentencing Is Seen as Test of Judicial Independence
(DBN)

Meet Cynthia Rufe, Who Leads the Group of Federal Judges Holding an 'Emergency Meeting' on Roger Stone
(DBN)

Chief Justice Roberts’ Surprising Views on the Public’s Right to Know
(DBN)

B-b-b-but, Gorsuch?
(DBN)

Ruth Bader Ginsburg Wows Fans With Glittery Fashion Statement
(DBN)

A Fifth Circuit Love Story
(DBN)

Kansas Federal Judge Will Resign Amid New Scrutiny of Workplace Harassment Claims
(DBN)

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Wall Street:

US futures point to a slightly higher open
(DBN)

Dow falls for a third day, dropping 165 points after Apple’s coronavirus warning
(DBN)

The stock market is ignoring these ‘white swan’ events that could upend everything, Roubini warns
(DBN)

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Retailing:

Americans have $21 billion in unused gift cards — here’s how to cash in
(DBN)

The rise and fall of Pier 1, the once-beloved home goods store that just filed for bankruptcy
(DBN)

Walmart earnings and outlook fall short as holiday season disappoints
(DBN)

Richmond lands another big retailer bankruptcy case
(DBN)

Bed Bath & Beyond to invest $1 billion in buybacks, store upgrades in a bid to turn around business
(DBN)

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Fraud:

MLB's Rob Manfred is latest villain in Astros' cheating scandal • In the Astros scandal, Rob Manfred has taken a bad situation and made it worse • For Astros Owner, Leadership Means Never Taking Responsibility For Anything
(DBN)

Trump commutes sentence of former Illinois Gov. Rod Blagojevich
(DBN)

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Newspapers:

National newspapers thrive while local outlets struggle to survive
(DBN)

Bankruptcy court approves McClatchy’s mediation request, fueling hope of resolution
(DBN)

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Crypto:

Blow To Bitcoin As ‘Significant’ U.S. Crypto Crackdown Suddenly Revealed
(DBN)

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Religion:

Protest at Catholic Archdiocese over ouster of gay Kennedy High teachers
(DBN)

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Aviation:

Boeing finds debris in fuel tanks of undelivered 737 Max jets
(DBN)

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Disasters:

A bankruptcy judge granted more time for the Gessner explosion site to be cleaned up before allowing lawyers, experts to enter
(DBN)

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Coal:

Entities tied to Oak Grove mine file Chapter 11 bankruptcy amid restructuring plan
(DBN)

Why the world’s third largest economy is still betting on coal
(DBN)

King Coal Isn’t Dead Yet. Ask Glencore
(DBN)

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Student Debt:

How to pay back your student-loan debt, no matter where you start or what type of loans you have
(DBN)

HBCUs try to spare graduates from crushing student loan debt
(DBN)

Dems battle Education Secretary Betsy DeVos over student loan forgiveness
(DBN)

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Economy:

Federal Reserve’s Robert Kaplan sees no changes in interest rates this year
(DBN)

US Treasurys fall as part of the yield curve inverts again
(DBN)

You’ll Never Guess What Happened To Trump’s Latest Fed Nominee
(DBN)

Empire State manufacturing index hits highest level in nine months • NY Fed: Manufacturing "Business activity picked up in New York State"
(DBN)

Trump attacks Obama on Twitter over who gets credit for economy
(DBN)

Obama’s 2009 Recovery Act Kicked Off Over 10 Years Of Economic Growth
(DBN)

Here’s the reason Americans are saving such a high percentage of their income
(DBN)

1 in 5 people making more than $100,000 a year are still living paycheck to paycheck
(DBN)

America’s monopoly problem, explained by your internet bill
(DBN)

How much Americans spend on dating at every age
(DBN)

Outside of the big 5 tech companies, earnings growth is zero
(DBN)

U.S. credit card debt is $930 billion. What the 2020 candidates would do to help
(DBN)

Trump blasts proposed U.S. restrictions on sale of jet parts to China
(DBN)

Experts on People About to Lose Food Stamps
(DBN)

Tense times for small business owners who import products from China
(DBN)

It’s never been this hard for companies to find qualified workers
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

NAHB: Builder Confidence Decreased to 74 in February
(DBN)

Weekly mortgage applications take a hit as mortgage rates tick up
(DBN)

A homeless Detroit man bought an abandoned house for $1,500 and spent 10 years renovating it for his wife. Here's how he did it — and what it looks like now.
(DBN)

Bankruptcy judge approves sale of San Antonio apartments to L.A. nonprofit
(DBN)

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Municipalities:

Forecast dives into Detroit's economic prospects
(DBN)

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Oil/Gas:

US oil industry is expected to cut spending by 10-15%, Dallas Fed says
(DBN)

Bankrupt Houston energy co. to award millions in exec bonuses
(DBN)

Here's how much McDermott owes contractors with ties to Louisiana, amid bankruptcy
(DBN)

Chinese Oil Refiners Deepen Run Cuts in Sign Worst Not Over
(DBN)

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Healthcare:

Why US hospitals are closing • 1 in 4 rural hospitals is vulnerable to closure, a new report finds
(DBN)

With No Buyer, Another West Virginia Hospital Is Closing
(DBN)

Economists warn coronavirus risk far worse than realized • Here are vulnerable parts of the U.S. economy that coronavirus may infect • Coronavirus cases rise, posing a growing threat to tech and biz • These 2 questions will determine if the coronavirus becomes a deadly pandemic • A new Bank of America survey shows large fund managers slashing growth expectations for the first time in months amid coronavirus fears
• Coronavirus is more fatal in men than women, major study suggests • More than 73,000 cases, 1,873 deaths • Wuhan hospital director dies as China cases climb • Coronavirus death toll tops 2,000 • Apple sees $45 billion in market value wiped out after warning the coronavirus will push revenue below forecasts • Apple’s coronavirus warning wasn’t a total surprise, but magnitude rattles Wall Street • COVID-19 stumped Apple, showing we don’t know how long the threat will last • Apple set to lose title of most valuable U.S. companies to Microsoft • Apple is still reportedly planning to launch a new iPhone next month, even though the coronavirus has rattled its supply chain in China • Chip stocks dive after Apple’s coronavirus warning, led by iPhone suppliers • Facebook cancels global marketing summit because of COVID-19 concerns • I've been traveling in Asia for 3 weeks in the midst of the deadly coronavirus outbreak, and catching the virus is far from my biggest fear • Gottlieb: Japan is on ‘cusp’ of coronavirus epidemic, could indicate pandemic • Coronavirus could be ‘Chernobyl-like’ event for China leaders: Raymond James • Walmart CEO Doug McMillon says ‘too soon’ to forecast hit from deadly coronavirus • What Apple, Walmart and other U.S. companies are saying about the coronavirus • Confusion complicates efforts to contain new virus from China • My 14 days in coronavirus quarantine weren't totally terrible • Coronavirus: Oman, Bahrain vulnerable to a potential rating downgrade • As Cases Mount, Japan Is Rapidly Becoming a Coronavirus Hotbed • Some of China’s Top Suppliers Are Readying for a Virus Rebound
(DBN)

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Politics:

Trump pardons the swamp • Trump frees Blagojevich, grants clemency to 10 others • Everything You Need to Know About All of Trump’s Latest Pardons and Commutations • The Rod Blagojevich scandal and Trump’s commutation of his sentence, explained
(DBN)

Sanders leads by double digits in latest NBC/WSJ poll as Biden sinks, Bloomberg rises • Bernie Sanders Jumps to Commanding 32% Lead in California Poll
(DBN)

Mike Bloomberg releases plan to rein in Wall Street • Reactions to Bloomberg’s plan to curb Wall Street: ‘He’ll need this for the debate tomorrow’ • Michael Bloomberg Surges in Poll and Qualifies for Democratic Debate in Las Vegas • Mike Bloomberg sees Bernie Sanders as his only threat to capturing nomination • Mike Bloomberg's formula has proved the doubters wrong. Now comes the hard part. • Bloomberg has barbs at the ready for his first 2020 debate • Bloomberg is getting a serious look from suburban Democrats who just want to beat Trump • Bloomberg drops $124 million in Super Tuesday states. Rivals go on the attack • Bloomberg is affecting the marketplace of political information in ways reminiscent of a certain president • Video Raises Questions About Bloomberg’s Views On Health Care For Older Americans • Michael Bloomberg has already spent more on campaign ads than Obama did in his entire 2012 race • Mike Bloomberg’s proposed Wall Street transaction tax explained • Bloomberg to go face to face against rivals after ad blitz
(DBN)

Bernie Sanders draws thousands to rally in Tacoma
(DBN)

In interview, Democratic presidential candidates Klobuchar, Steyer can’t name Mexican president
(DBN)

Warren faces pressure to revive fighter persona after 'unity' pitch falls flat • Warren says she will take on ‘egomaniac billionaire’ Bloomberg in debate • CNBC’s Jim Cramer: Elizabeth Warren’s attack on billionaire Leon Cooperman hurt us all and could cost her the presidency • Bloomberg's plan to rein in Wall Street borrows from Warren's playbook
(DBN)

Buttigieg’s infrastructure plan is just more democratic socialism
(DBN)

Democratic candidates seek a big and unprecedented K-12 funding boost
(DBN)

Experts rank the U.S. Presidents from worst to best of all time
(DBN)

Energy deputy secretary nominee faces heat after contradicting Trump
(DBN)

The Oreo Workers Trump Betrayed
(DBN)

How Much Has Gov't Spent at Trump's Resorts?
(DBN)

____________

Mass Torts:

Saddled With Abuse Claims, Boy Scouts of America Taps Sidley for Chapter 11
(DBN)`

Boy Scouts of America Files for Bankruptcy, Encourages Victims of Sexual Abuse to File Claims
(DBN)

Boy Scouts' future uncertain after bankruptcy filing
(DBN)

Boy Scouts bankruptcy: What we know about victims, assets and the future of scouting
(DBN)

Release of 'perversion files' in Oregon case a key factor in Boy Scouts bankruptcy
(DBN)

'Tens of thousands of victims': Boy Scouts of America files for bankruptcy over sex abuse cases
(DBN)

Attorney: No justice in Boy Scout bankruptcy
(DBN)

For Boy Scout Abuse Victims, 'It's Not About the Money'
(DBN)

Bankruptcy filing probably means less compensation for Scout victims who 'wanted their day in court,' attorney says
(DBN)

Boy Scouts bankruptcy may put NJ sex abuse lawsuits on hold
(DBN)

Boy Scouts’ bankruptcy filing seen as bid to limit 'exposure to abuse claims.’ Local groups say they won’t be impacted, but lawyers could be eyeing assets.
(DBN)

Boy Scouts bankruptcy bid prompts other sex abuse victims to step forward • Boy Scouts bankruptcy a warning to others who have ignored sexual abuse
(DBN)

Boy Scouts filing Chapter 11 leaves parents seeking alternatives
(DBN)

____________

Solar:

U.S. Solar Jobs Are Rebounding From Donald Trump’s Tariff Blow
(DBN)

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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 (54 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (61 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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Cross-Border:

Enforcement of an Insolvency-Related Judgment Does Not Require Recognition under Chapter 15
(DBN)

First cross-border insolvency case recognizing Mainland China administrators in Hong Kong
(DBN)

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Secured Debt:

Third and Seventh Circuits Preserve Secured Lenders’ Rights
(DBN)

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Debt Collection:

U.S. Supreme Court Ruling on FDCPA Limitations Period Leaves Issues Unresolved
(DBN)

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Mediation:

Evaluating Choices in Mediation
(DBN)

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Awards:

Latham Named 2019 Bankruptcy Practice Group of the Year
(DBN)

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Seating Products:

Luxury Theater Seating Product Manufacturer Files In BK DE - First Day Dec • VIP Cinema, which makes luxury movie theater seating, files for bankruptcy
(DBN)

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Climate:

Climate activists accuse Jeff Bezos of hypocrisy over his $10 billion environment pledge because Amazon works with oil and gas firms
(DBN)

Scientist: Irreversible Melting in Antarctica
(DBN)

Christine Lagarde Has a Troubling Ambition on Climate Change
(DBN)

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Utilities:

What’s Happening With Plans to Restructure PG&E?
(DBN)

PG&E shares slide 2.5% premarket after it posts another big quarterly loss • PG&E posts $3.6bn quarterly loss after wildfire settlement
(DBN)

PG&E banking on big profits after utility leaves bankruptcy
(DBN)

PG&E says on track for wildfire fund and for subrogation payments
(DBN)

PG&E bankruptcy will test California’s climate goals
(DBN)

PG&E Union Warns Bernie Sanders Against ‘Bird-Brained’ State Takeover
(DBN)

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Cannabis:

GenCanna's $2.3M Suit Vs. Vendor Halted Amid Bankruptcy
(DBN)

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Maritime:

Bestway Marine & Energy receives approval for restructuring
(DBN)

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Autos:

Moody's Cut Renault to Junk
(DBN)

France Tells Renault Not to Cut Jobs
(DBN)

How the government drove the iconic car marker out of Australia by abandoning the automotive industry
(DBN)

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UK:

U.K. pay growth slows as productivity stalls
(DBN)

U.K. Plans to Boost Growth Won’t Meet Challenge of Brexit Future
(DBN)

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EU:

Shares of European automakers slide after new-car sales slump in January
(DBN)

Distressed-Debt Funds Sit Idle in Europe’s Era of Cheap Money
(DBN)

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PIIGS:

Search for the Source of Italy's Malaise
(DBN)

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Venezuela:

U.S. targets Russian oil giant in escalating campaign vs. Venezuela
(DBN)

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MENA:

Israeli court sets date of Netanyahu corruption trial
(DBN)

Desperation Might Just Drive Lebanon To Reform
(DBN)

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China:

Coronavirus scare leads fund managers to slash China growth outlook
(DBN)

China’s economy remains derailed by coronavirus, and here’s what to watch next
(DBN)

GM, Fiat Chrysler and Toyota resume auto production in China
(DBN)

Oyo fights to keep hotels open in China amid coronavirus
(DBN)

Fewer Than a Third of China’s Nearly 300 Million Migrant Laborers Have Returned to Work
(DBN)

Adidas says business activity in China has tanked roughly 85% due to coronavirus
(DBN)

Morgan Stanley says China’s first-quarter growth could fall as low as 3.5%
(DBN)

China’s Xi, under fire from virus outbreak, could also face an ‘economic crisis’
(DBN)

Russia’s Exports to China Slump by a Third Amid Coronavirus
(DBN)

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Africa:

Huge locust outbreak in East Africa reaches South Sudan
(DBN)

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Australia:

Australia shuts up shop for good: Holden joins a long list of retailers struggling to stay afloat as overseas investors buy up home-grown brands
(DBN)

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Singapore:

Crisis-Hit Hyflux Gets New Offer a Day Before Next Court Hearing
(DBN)

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India:

Jet Airways Bid Deadline Extended Again With Liquidation Looming
(DBN)

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South Africa:

South Africa’s Plan to Seize Land Would Be a Disaster for the Economy, Pompeo Says
(DBN)

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Russia:

Debt limits ... and poison pills
(DBN)

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