February 20, 2020

The Daily Bankruptcy News

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Law:

Partners Shouldn’t Tell Associates Not To Bill Their Time
(DBN)

‘This Is A Slap In The Face,’ Say Associates After Hearing About Bonuses
(DBN)

Quinn Emanuel Faces Clawback Demand From Ex-Client’s Trustee
(DBN)

Paul Hastings Picks Up Winston Restructuring Leader
(DBN)

Law Firm Unfinished Business Doctrine ‘Finished’
(DBN)

Fox Rothschild Looks To Sink Bulk Of Graphic Sex Bias Suit
(DBN)

Akin Gump Denies Malpractice in Case Accusing Attorney of Theft
(DBN)

Sidley Austin Names New Diversity Officer
(DBN)

How Can Big Law Overcome Its Persistent Diversity Problem?
(DBN)

Lawyers Reveal True Depth of the Mental Health Struggles
(DBN)

By the Numbers: The State of Mental Health in the Legal Industry
(DBN)

Check It Out: Law Schools with the Highest Bar Pass Rates in 2019
(DBN)

Leaner Baker & Hostetler Sees Revenue Growth Across Practices
(DBN)

Lowenstein's Earnings Spike Amid Gains in Head Count, Revenue Per Lawyer
(DBN)

Powerpoint Slides Feature Avenatti Describing How It Feels to Hold 'the B---- of the Client in Your Hand'
(DBN)

UpCounsel website for freelance lawyers announces it will continue running under new ownership
(DBN)

If public speaking makes you nervous, do these 3 things to calm down and clear your head
(DBN)

As Trump Claims to Be Law of the Land, Barr’s Irritation Builds • Trump has the constitutional power to intervene in Roger Stone's sentencing • As Trump ups attacks on Justice Dept, Barr remains in post • Trump praises embattled Attorney General William Barr, says 'I do make his job harder' • What's Going on Between Trump and William Barr?
(DBN)

Roger Stone Pardon: Just a Matter of When
(DBN)

Judge Refuses Stone a New Trial
(DBN)

FactCheck: Can the president intervene in a federal criminal case?
(DBN)

Trump has declared war on sanctuary cities
(DBN)

Border Patrol Gets New Limits From Judge on Detaining Immigrants
(DBN)

Trump to DOJ: Clean House
(DBN)

Targeting the Mueller Team One by One
(DBN)

Here are all pardons and commutations Trump has given so far — and who he could choose next
(DBN)

Trump picks pardon requests from wealthy pals and GOP donors
(DBN)

Well-connected executives, investors and multibillionaires wanted White House to pardon Milken • 'It was always invevitable': Junk-bond king Michael Milken wins redemption with Trump pardon
(DBN)

DOJ Argument in Border Wall Case: Courts Should Never Resolve Disputes Between Congress and President
(DBN)

Julian Assange reportedly plans to call a witness in his trial who will say that Trump offered him a pardon if he denied that Russia hacked the DNC • Lawyers Claim Assange Was Offered a Pardon
(DBN)

George Zimmerman announces lawsuit against Pete Buttigieg and Elizabeth Warren for $265 million
(DBN)

Commit Major Medicare Fraud, Get a Pardon
(DBN)

Jim Stewart: Rule of Law in US Under Threat
(DBN)

Trump Pardoning Blagojevich was Right • Trump Confirms Blagojevich Commutation Was About Undoing ‘Another Comey and Gang Deal!’ • Trump Has Now Granted Clemency to Three People Prosecuted by James Comey’s Pal • Trump Claims Comey Set Up Blagojevich
(DBN)

The Most Corrupt States in America
(DBN)

Weinstein's legal problems extend beyond New York criminal trial • Weinstein Jurors Focus on Predatory Assault, Most Serious Charge
(DBN)

For Once, Guy Claiming Religious Discrimination May Be On To Something
(DBN)

SCOTUS Lawyer Calls Trump Actions Lawless
(DBN)

Harvey Jury Asks To See List Of Women The Producer Red-Flagged For Private Investigation
(DBN)

Ex-felons in Florida who can’t afford fees and fines are entitled to vote, 11th Circuit says
(DBN)

High-tech Miami jewel thieves stalk the rich
(DBN)

Congress Wants Answers from Ring on Police • Your Doorbell Spies on You. Now What?
(DBN)

Court Hands Animal Rights Group Some Bad News: 'Happy the Elephant' Isn't a Person
(DBN)

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Judges:

Federal judge announces resignation amid scrutiny over reprimand for sexual harassment • Federal Judge Accused Of Sexual Harassment Is Out
(DBN)

Judges Postpone Emergency Meeting
(DBN)

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Wall Street:

US futures point to a slightly lower open after new record highs on Wall Street
(DBN)

European stocks headed for lower open despite coronavirus slowdown in China
(DBN)

Stocks close at record highs as Fed sees steady rates
(DBN)

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Layoffs:

HSBC Doesn’t Need One In Seven Of You, Especially If You Work In London Or The U.S.
(DBN)

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Aviation:

This airline failed to deliver RDU promises. Its struggles continue in bankruptcy
(DBN)

Washington state moves to drop Boeing tax break to head off possible EU tariffs
(DBN)

Stricken Air Zimbabwe Fails to Raise Much-Needed Investment
(DBN)

Air France says coronavirus impact could climb above $200 mln
(DBN)

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Politics:

Pardons and Normalizing Corruption • Trump Pardons Corruption
(DBN)

The Audacity of Hate
(DBN)

Bernie Sanders isn't the frontrunner in the Democratic race. The moderates are • Bloomberg camp's "dire" warning: Sanders soon unstoppable • Sanders opens sizable lead in delegate-rich California, new poll finds • Sanders hopes early strength will prove he can beat Trump
(DBN)

Harry Reid: Brokered convention 'not the end of the world'
(DBN)

Bloomberg's baggage, and barrage • Michael Bloomberg was completely unprepared to defend himself from blistering attacks at his candidacy's first real test • Elizabeth Warren skewers Michael Bloomberg, calling him 'a billionaire who calls women fat broads and horse-faced lesbians' • Bernie Sanders' spokeswoman claims Michael Bloomberg has had heart attacks in the past and compared questions about Sanders' health to birtherism • The fundamental problem with Bloomberg is that he believes billionaire nonsense • Several Biden fundraisers abandon his struggling campaign to support Bloomberg • 55 Things to Know About Mike Bloomberg • Bloomberg Campaign Using ‘Absurd’ Non-Disclosure Agreement Pioneered by Trump Campaign • Bloomberg paying hundreds of people to promote him on social media, report says
(DBN)

4 takeaways from the Nevada Democratic debate • Takeaways from the Democratic debate • Michael Bloomberg was unprepared to defend himself from blistering attacks in his candidacy's first real test • A Clueless Billionaire with Feet of Clay • Trump taunts Bloomberg after dismal debate • Mike Bloomberg Ambushed in Free-for-All Democratic Debate • Analysis: Winners and losers from the Nevada Democratic debate • Klobuchar squares off with Buttigieg on immigration • Warren skewers Bloomberg over a "drip, drip, drip" of sexual harassment accusations • Klobuchar calls for Bloomberg to release tax returns • Warren launches at Bloomberg: We can't "substitute one arrogant billionaire for another" • Democratic debate highlights: Warren came out swinging, and Bloomberg was battered • Bloomberg botches tax return question in debate: ‘I can’t go to TurboTax’ • Pete Buttigieg turns fire on ‘socialist’ Bernie Sanders amid Bloomberg pile-on • Warren Has a Big Night in Vegas. Is It Enough?
(DBN)

Dems' civility gives way to combustible conflict
(DBN)

Sign of the times: A pro-Warren super PAC • Super PAC launches to support Elizabeth Warren, who has decried the role of super PACs • Super PACs aid Warren, Klobuchar whether they like it or not
(DBN)

Questions about Sanders’ health linger after heart attack
(DBN)

The family of 1 new Trump pardon recipient donated $200,000 to Trump's re-election effort last fall
(DBN)

The senior Pentagon policy official who certified security aid to Ukraine is being asked to resign
(DBN)

‘Democrats are angry’: Polling shows a ‘massive blue wave’ is rising in America’s cities
(DBN)

Bernie Sanders splits from AOC and says Medicare for All is 'already a compromise'
(DBN)

Rush Limbaugh says Trump told him not to apologize for his comments about Pete Buttigieg's sexuality
(DBN)

Stephen Miller's uncle trolled him by donating to a refugee-rights charity as a wedding gift
(DBN)

Bolton: Testimony wouldn’t have changed impeachment outcome
(DBN)

____________

Tech:

Groupon plummets 44% as the company flunks earnings and retreats from e-commerce platform
(DBN)

____________

Utilities:

PG&E Judge Says Bankrupt Utility Violated Probation Terms
(DBN)

Judge calls PG&E 'this convicted felon' while ripping them for poor safety record
(DBN)

Judge Scolds Feds for Not Turning Screw in PG&E Criminal Case
(DBN)

California Proposes Way for Stripping PG&E of License
(DBN)

Americans Are Spending Less of Their Money on Electricity
(DBN)

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Economy:

Fed officials feel rates are likely to stay where they are, minutes show
(DBN)

U.S. job market remains strong, economic activity rising, FOMC minutes say • Fed officials more upbeat about the economic outlook this year, minutes show
(DBN)

Warnings from a shipping titan, an airline, and Apple's main iPhone supplier show how the coronavirus is ravaging the global economy
(DBN)

Companies are racked with loads of low-quality debt - and one economic coalition warns it will make the next meltdown even worse
(DBN)

Study: New York, New Jersey Face Largest Population Decrease In The U.S.
(DBN)

Inequality Endured Through Record U.S. Expansion, Study Shows
(DBN)

Poverty Is All About Personal Stress, Not Laziness
(DBN)

White House Admits Trade Stance Depressed US Economy
(DBN)

Record-High Stock Market Value Swamped By Record U.S. Consumer Debt And National Debt Levels
(DBN)

Foreign Governments Shunning US Debt
(DBN)

Fed officials feel rates are likely to stay where they are, minutes show
(DBN)

Blue Collar Shortage to Worsen w/ Retirements
(DBN)

White House report compares Trump’s economic record to Obama’s tenure
(DBN)

Coronavirus outbreak in China spurs supply chain shifts started by trade war
(DBN)

American Capitalism is Dying
(DBN)

GOP Embraces Trump's Approach to Business
(DBN)

Newsom: California’s homelessness crisis ‘a disgrace’
(DBN)

In America’s Richest Town, $500k a Year Is Now Below Average
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

Bankruptcy Court Holds That Filing a False Rule 3002.1 Notice is an Abuse of Process Under the Bankruptcy Code and Violates FDCPA
(DBN)

Documents Under Seal: The Word “Seal” on a Preprinted Form May Be More Than a Vestige of Times Gone By (a/k/a 20 Years Is a Long Time)
(DBN)

____________

Municipalities:

Puerto Rico governor formally opposes debt-restructuring plan • Puerto Rico goes to court against debt-restructuring deal • Puerto Rico government objects to moving forward with new debt plan
(DBN)

Muni Lowdown: Schools out!
(DBN)

____________

Oil/Gas:

Bankruptcy risks rise for US shale
(DBN)

Energy Companies Face Looming Debt Burden
(DBN)

____________

Healthcare:

‘We can’t afford healthcare’: US hospital workers fight for higher wages
(DBN)

Medicare for All Would Save $450Bn a Year
(DBN)

Hygea and Affiliates File in BK DE - First Day Dec
(DBN)

Can’t swear to accuracy: Americore CEO refuses to sign financial documents
(DBN)

My $145,000 Surprise Medical Bill
(DBN)

A top research firm lays out a bleak coronavirus scenario that would cause global growth to slow significantly in 2020 • Goldman says market underestimating coronavirus: ‘Correction is looking much more probable’ • Fed calls the coronavirus a ‘new risk to global growth outlook’ • US hospitals prepare for coronavirus outbreak to become global pandemic • Maersk Says Outlook Hit by Uncertainty Due to Coronavirus • Scientists: Stop the Coronavirus Conspiracies • Investor Anxiety Rises as Coronavirus Spreads Outside China • Coronavirus cases rise, as warnings of global pandemic grow • What it's like traveling in Asia during coronavirus outbreak • Apple's more affordable 'iPhone 9' could be delayed because of the coronavirus after all, says a new report • Walmart breaks down how the coronavirus has hit its $10 billion business in China • Experts say the cruise ship quarantine was unjustified and violated human rights, letting the coronavirus 'literally pick them off one by one' • 'Bureaucrats were in charge': Japanese doctor blasts ship quarantine • China deploys 40 incinerators to Wuhan amid fears of coronavirus death toll 'cover up' • Scientists announce 'breakthrough' atomic map of coronavirus • 75,000 ill, 2,000 deaths, many thousands recovered: Can you get coronavirus twice? • 2 Diamond Princess passengers die of coronavirus as global cases rise • LMVH exec: coronavirus is 'disaster' for luxury brands • Before and after photos show how the coronavirus has left Asia's biggest tourist attractions looking like ghost towns • Coronavirus fears prompt Chinese ride-hailing app DiDi to install protective sheets in vehicles and give masks to drivers • Vietnam Will Order Banks to Cut or Delay Interest Payments for Virus-Hit Companies • Japan Sets Up Task Force to Deal With Virus Impact on Automakers • The Solar Sector Is Suffering From Coronavirus Contagion
(DBN)

80 is not the new 70: Age may bias heart care, study finds
(DBN)

Health Officials: US Experiencing Worst Flu Season For Children In Past Decade As Second Influenza Wave Spreading
(DBN)

KDKA Investigates Closure Of Ellwood Medical Center, With Ties To Joe Biden’s Brother
(DBN)

____________

Student Debt:

I had to turn down acceptances at Yale, Columbia, and Johns Hopkins because I can't take on interest-bearing loans, and I'm just one example of how the American loan system doesn't cater to Muslims
(DBN)

____________

Retailing:

Forever 21’s new owners in talks to keep most U.S. stores open • Forever 21 in talks to return to the high street after being saved from bankruptcy • Forever 21 snapped up by mall owners, Authentic Brands
(DBN)

Bed Bath & Beyond's new CEO admits that stores are so cluttered that customers are leaving without buying anything due to 'purchase paralysis'
(DBN)

Big-Box Giants’ Sales Miss Spurs Concerns About the Consumer
(DBN)

Hudson’s Bay suffered Dutch losses of 184 million euros
(DBN)

____________

Amusement Parks:

Indiana Beach to close after 94 years
(DBN)

____________

Climate:

Red-state Utah embraces plan to tackle climate crisis in surprising shift
(DBN)

Fossil Fuels to Blame for Soaring Methane Rate
(DBN)

____________

Newspapers:

McClatchy stock plummets to under 10 cents a share
(DBN)

McClatchy, PBGC set to begin mediation March 4
(DBN)

McClatchy's New Owners May Sell Newspapers
(DBN)

____________

Celebs:

Jeff Bezos just pledged $10 billion to fight climate change. Here are 11 mind-blowing facts that show just how wealthy the Amazon CEO really is.
(DBN)

____________

Religion:

Harrisburg Diocese files for federal bankruptcy protection • Another Catholic diocese seeks bankruptcy after abuse deals • Pennsylvania Diocese, Facing More Abuse Claims, Files for Bankruptcy • First Day Dec
(DBN)

Judge says abuse victims' attorney can question retired Rochester bishop
(DBN)

____________

Movie Theaters:

Decline of movie theaters leads St. Louis company into bankruptcy
(DBN)

____________

Crypto:

The Crypto Quandary: Is Bankruptcy Ready?
(DBN)

Mt. Gox Victims Could Soon See 88% of Losses Returned
(DBN)

Fortress Said to Increase Offer to Purchase Mt. Gox Claims • Fortress Financial Group Increases Buyout Offer for Mt. Gox Claims
(DBN)

____________

Debt Collection:

Bill targeting predatory medical debt collectors advances
(DBN)

____________

Tech:

IRS Sues Facebook Over $9Bn in Unpaid Taxes
(DBN)

____________

Food/Beverage:

Pizza Hut Operator NPC Considers Options Including Bankruptcy
(DBN)

____________

Pharma:

Ohio governments working to craft unusual opioid bargain
(DBN)

____________

Amusement Parks:

Six Flags: The Debt Rollercoaster Always Ends In The Same Place
(DBN)

____________

Autos:

Hackers trick Tesla with 2-inch strip of tape
(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 (33 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (6 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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Bankruptcy Statistics:

 

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Insurance:

Trustee can’t sell auto policy back to insurance carrier
(DBN)

____________

Advisors:

Notice of Appearance - Lisa Donahue, AlixPartners
(DBN)

____________

IP:

Protecting and Enforcing IP Rights in Bankruptcy: Five to Thrive (For Starters)
(DBN)

____________

Reclamation:

Supplier Reclaiming Shipments to Bankrupt Retailer Loses to Secured Super-Priority Lender
(DBN)

Seventh Circuit Holds that Reclamation Claims are Statutorily Subordinate to Prior Floating Liens on Inventory
(DBN)

____________

UST:

US Trustee Adds New Hires For Small Business Ch. 11 Act
(DBN)

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Miscellaneous:

Feast or Famine: Private Credit Restructuring Year in Review
(DBN)

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D&O:

Directors’ and Officers’ Antitrust Liability Risks and D&O Insurance Concerns
(DBN)

____________

Bankruptcy Reform:

Small Business Reorganization Act of 2019 (SBRA) is Effective
(DBN)

The First Subchapter V Small Business Chapter 11 Bankruptcy Case
(DBN)

U.S. Trustee Program Ready to Implement the Small Business Reorganization Act of 2019
(DBN)

____________

Automatic Stay:

Filing a bankruptcy petition automatically halts efforts to collect pre-petition debts from the debtor outside of bankruptcy.
(DBN)

____________

Avoidance Actions:

Major Change for Bankruptcy Preference Defendants Tucked into New Small Business Chapter 11 Law
(DBN)

Will Bankruptcy Preference Lawsuits Decline due to Statutory Changes?
(DBN)

____________

Mass Torts:

Boy Scouts' Bankruptcy Is a Troubling Use of Chapter 11 Law
(DBN)

The Boy Scouts of America Filed Chapter 11 . . . in Delaware???
(DBN)

Boys Scouts' Accusers Want Abuse Details Revealed in Bankruptcy
(DBN)

For sexual assault victims and local councils, Boy Scouts’ bankruptcy poses tough questions
(DBN)

At Stake in Boy Scouts’ Bankruptcy: $1 Billion in Assets, or Much More
(DBN)

Boy Scouts Victims Urge Judge to Release Names of Abusers
(DBN)

Attorneys For Sex Abuse Victims Not Deterred By Boy Scout Bankruptcy
(DBN)

Amid sex abuse claims, bankruptcy case raises possibility Boy Scouts may not survive
(DBN)

'Dark history' of Boy Scouts under scrutiny
(DBN)

Impact of Boy Scouts bankruptcy on child abuse claims
(DBN)

Lawyers in Boy Scout bankruptcy case to go after local councils' properties
(DBN)

Did the Boy Scouts violate their own honor code by filing for Chapter 11 bankruptcy?
(DBN)

Boy Scouts Bankruptcy Could Shorten Window For Survivors To File New Suits
(DBN)

Bankruptcy Hurts Boy Scout Victims
(DBN)

Inside asbestos bankruptcy: Insurers brand Fraser's as ‘greasing the wheels to get lawyers paid’
(DBN)

____________

Credit Repair:

Regulators Crack Down On Credit Repair Companies
(DBN)

____________

UK:

EU Clashes Over Budget as Brexit Hits Hard
(DBN)

A Quick Guide to Scottish Debt Recovery
(DBN)

____________

EU:

Europe’s Rocky Road to Economic Recovery Just Got Even Longer
(DBN)

____________

PIIGS:

Olive oil has gotten so cheap that farmers in Spain are struggling to make ends meet
(DBN)

____________

China:

A Fugitive Billionaire Isn't Creditors' Biggest Worry
(DBN)

Coronavirus is dramatically changing food consumption in China — here's how
(DBN)

China will likely keep ‘abundant’ liquidity to cushion virus impact: BlackRock
(DBN)

Here are the Chinese industries likely to be hit hardest by the coronavirus outbreak
(DBN)

China cuts benchmark lending rates amid coronavirus outbreak
(DBN)

Manufacturers entangled in logistical nightmare as virus-hit China limps back to work
(DBN)

HNA Bonds Soar on Talks of State Takeover of Debt-Laden Group
(DBN)

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Africa:

'Nothing left': Kenyan fields stripped by locust swarm
(DBN)

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Russia:

'Could you live on $170 a month?' Russian woman asks Putin
(DBN)

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MENA:

Learn About The New Insolvency Law of UAE
(DBN)

Debt-ridden Lebanon to invite 8 firms to bid to be financial adviser
(DBN)

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Myanmar:

A Guide on Myanmar’s New Insolvency Law
(DBN)

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India:

Deutsche Bank boosts loans to cash-strapped tycoons in India
(DBN)

Tweak IBC process to focus on revival
(DBN)

Hindu Nationalists Are Tearing India Apart
(DBN)

____________

Japan:

Japan Still Sees Economy Recovering Despite Recession Forecasts
(DBN)

____________

Argentina:

Argentina Gets IMF’s Seal of Approval to Hit Bondholders Hard • IMF, Argentina Re-Engage in Crucial Test of Resolve
(DBN)

IMF: Argentine debt is not sustainable, a meaningful contribution from private creditors is required • IMF to Argentina’s creditors: you must share the pain
(DBN)

____________

Cuba:

Cuba Creditor Sues Regime Over Defaulted Castro-Era Debt
(DBN)

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