February 26, 2020

The Daily Bankruptcy News

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Law:

Biglaw Firms Abroad Encourage Employees To Work From Home As Coronavirus Outbreak Spreads
(DBN)

Casetext launches automated brief-writing product
(DBN)

Busy Litigation Docket, Big Deals Drive Gains at O'Melveny & Myers
(DBN)

Eighth Graders In Law School
(DBN)

The Psychology Of Document Review
(DBN)

Dentons Defends Sprawling Verein Structure, Blasting $32M Malpractice Verdict
(DBN)

This Law School’s Unfortunate Bar Passage Distinction
(DBN)

Elkins Kalt Expands Bankruptcy Group With Leading USC Bankruptcy Law Professor and Former Dean Robert K. Rasmussen
(DBN)

Milbank's Breakneck Revenue Growth Softened in 2019
(DBN)

The fight over whether religion is a license to discriminate is back before the Supreme Court
(DBN)

‘A Man Who Knows How to Manipulate’: Harvey Weinstein Accusers Say He’s Faking Health Scare • Weinstein is now in a wheelchair and scared of dying behind bars because his two young kids rely on him, says his lawyer • The charges in the Harvey Weinstein verdict, explained • Harvey Weinstein hires ‘prison consultant’ to prepare him for jail • Weinstein upbeat at Manhattan hospital after sex crimes conviction, lawyer says • Trump hails Weinstein convictions, distances himself from once-prominent movie producer • What About Weinstein's Enablers?
(DBN)

Attorneys Wonder Where AG Barr Is as Trump Continues to Make His Job ‘Impossible to Do' • Senate Republicans strongly back Barr after his clash with Trump
(DBN)

The Supreme Court just held that a border guard who shot a child will face no consequences • Supreme Court bars damages suit for border agent’s cross-border shooting that killed Mexican teen
(DBN)

Justices Worry for Free Speech in Immigration Inducement Case
(DBN)

Judge Amy Berman Jackson restricts Roger Stone retrial hearing to audio only due to Trump incitement • Roger Stone jurors set to testify at hearing on Trump ally’s bid for new trial
(DBN)

Chinese dissident can sue law firm over hack that exposed information online, judge rules
(DBN)

6-year-old girl cries, screams for help as Orlando police arrest her at school
(DBN)

Grandfather charged in toddler's cruise ship death accepts plea deal
(DBN)

Previously Delightful Neighborly Dispute Takes Inevitable Turn To The Dark And Gross
(DBN)

FBI, NYPD raid fashion mogul office in trafficking probe
(DBN)

N.S.A. Phone Program Cost $100 Million, but Produced Only Two Unique Leads
(DBN)

Piled Bodies, Overflowing Morgues: Inside America’s Autopsy Crisis
(DBN)

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Judges:

The Future of PACER
(DBN)

BK WD MO Seeks Term Law Clerk
(DBN)

Great Judicial Profile of Judge Margaret Mann
(DBN)

Texas Judge Kicked Lawyer Off 14 Cases. Now Judge Is in the Hot Seat
(DBN)

Trump Demands Sotomayor Recusal Over ‘Inappropriate’ Dissent • Donald Trump Demands That Ruth Bader Ginsburg And Sonia Sotomayor Recuse From His SCOTUS Cases • Trump’s demand for Ginsburg and Sotomayor to recuse themselves, briefly explained
(DBN)

Trump dials up his unusual battle with the judiciary
(DBN)

Ginni Thomas Pushing Trump on the Disloyal
(DBN)

Roger Stone Judge Calls Out Fox News's Tucker Carlson in Court • ‘Totally biased’: Trump attacks judge on Twitter as Roger Stone retrial hearing is underway • Stone judge calls back jurors to address misconduct claims • Everything We Learned from Grilling of Roger Stone Foreperson Who Trump Attacked on Twitter
(DBN)

‘Heartbroken’ appeals judge removes misunderstood Monet reference from opinion
(DBN)

Clarence Thomas Urges Overturning SCOTUS Decision Written By Clarence Thomas
(DBN)

Clarence Thomas Thinks You Shouldn’t Be Able to Sue the Feds for Civil Rights Violations
(DBN)

Supreme Court Takes Aim At Scalia ‘Originalism’ Opinion Promising Even ‘Originaler’ One Now That Republicans Want A Different Result
(DBN)

Federal Judges Association Caused Even More Confusion with Explanation of ‘Emergency’ Meeting About Trump
(DBN)

Two Trump Judicial Nominees Confirmed with Bipartisan Support
(DBN)

Trump nominee to federal court once called for abolishing Social Security, several government agencies
(DBN)

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Wall Street:

No bottom in sight as European stocks and U.S. stock futures slump
(DBN)

Stocks plunge for a second day as the Dow lost more than 800 points on Tuesday • Coronavirus doesn't tell the full story behind Dow's plunge • Dow marks its worst 2-day point slide in history — here are 5 reasons the stock market is tanking and it isn’t just the coronavirus • How the S&P 500’s 11 sectors are trading as CDC warns that coronavirus spread ‘might be bad’ • ‘This is different’ — El-Erian warns against buying coronavirus pullback fears in stock market
(DBN)

Coronavirus will keep lowering markets: Allianz chief economic adviser • Market Panic Over Coronavirus Isn’t Warranted, Says Allianz CEO
(DBN)

U.S. Stock Market Appears Most Vulnerable to Virus Shock
(DBN)

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Layoffs:

No Checkout Needed: Amazon Opens Cashier-Less Grocery Store
(DBN)

Ted Baker to Cut More Than 100 Jobs After Months of Upheaval
(DBN)

100 layoffs to hit blast-damaged TPC Group plant
(DBN)

Chevron Launching Layoffs in April
(DBN)

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Religion:

Diocese has been planning bankruptcy for over seven months
(DBN)

Are your church offerings used to settle sex-abuse claims in bankrupt Harrisburg diocese?
(DBN)

Scharfenberger says he 'deeply regrets' results of private mass with accused priests
(DBN)

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Food/Beverage:

What’s behind Cosi’s 2nd bankruptcy? • Cosi files for bankruptcy protection, has closed 30 units • Cosi files for bankruptcy, again • Così Files for Bankruptcy Amid Store Closures • Cosi files for Chapter 11 bankruptcy protection as it transitions from a restaurant company to a catering business
(DBN)

Shake Shack stock down more than 9% after fourth-quarter loss and revenue miss
(DBN)

Natural grocery stores are at risk as organic goes mainstream
(DBN)

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Celebs:

Antonio Banderas sets the record straight about rumors he’s ‘going bankrupt’
(DBN)

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Taxis:

Uber, Lyft More Polluting Than Cars Replaced
(DBN)

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Student Debt:

Retired, or Hoping to Be, and Saddled With Student Loans
(DBN)

____________

Crypto:

Tokyo District Court sets period of special investigation of MtGox clients’ claims
(DBN)

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Aviation:

Crisis-Hit Cathay Says 25,000 Staff Will Take Unpaid Leave
(DBN)

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Obstacle Races:

Tough Mudder Sold in Bankruptcy to Rival, Spartan
(DBN)

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Motorcycles:

The collapse of Norton Motorcycles
(DBN)

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Economy:

This viral chart doesn’t explain much about middle-class living standards
(DBN)

Despite market washout, the Fed is unlikely to cut rates anytime soon in response to coronavirus
(DBN)

Fed’s Clarida says ‘still too soon to even speculate’ about impact of coronavirus
(DBN)

U.S. companies so far are surviving China's factory shutdown. But the next few weeks are crucial • This Is What The Coronavirus Means For The Chinese Supply Chain
(DBN)

Coronavirus Chaos Brings Corporate Debt Market To Its Knees
(DBN)

Richmond Fed: Manufacturing Activity Softened in February
(DBN)

Fears of a ‘supply shock’ are rattling stocks and global markets as viral outbreak continues
(DBN)

MIT Published a List of the 9 Megatrends That Will Shape the World in 2030. Here's What They All Have in Common
(DBN)

Hong Kong Will Hand Out HK$10,000 Cash to Adults in Budget
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Climate change and soaring flood insurance premiums could trigger another mortgage crisis
(DBN)

U.S. home prices reach new highs in largest metropolitan areas
(DBN)

FHFA: U.S. house prices gained 5.1% in Q4
(DBN)

Case-Shiller: National House Price Index increased 3.8% year-over-year in December
(DBN)

A few comments on the Seasonal Pattern for House Prices
(DBN)

Why the Homeownership Rate Is Still Falling for Many People of Color
(DBN)

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Municipalities:

Tax Breaks: Losing Gamble for Cities, States
(DBN)

Muni Lowdown: Lights! Camera! Action!
(DBN)

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Oil/Gas:

The future of Philly’s shut-down PES refinery is wide open. Its neighbors are keeping a wary eye on what happens next
(DBN)

Oil Extends Drop Below $50 After Plunging on U.S. Virus Warning
(DBN)

Shale Decline Inevitable As Oil Prices Crash
(DBN)

Oil dives after CDC warns of impending virus outbreak in U.S.
(DBN)

China’s Floods The Market With Fuel As Coronavirus Shatters Local Demand
(DBN)

‘Nail in the coffin’: Era of big oil sands mines may be over
(DBN)

Oil Is Now More Volatile Than Bitcoin
(DBN)

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Coal:

Consol spars with bankrupt coal producer over royalty agreement
(DBN)

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Pharma:

Mallinckrodt floats $1.6B opioid deal, bankruptcy for specialty generics unit • Mallinckrodt agrees to US$1.6 bln opioid settlement, unit to seek bankruptcy
(DBN)

Drugmaker’s Opioid Settlement Offer Gains Ground With States
(DBN)

Generic drugmakers sold most opioids during overdose crisis
(DBN)

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Healthcare:

CDC warns Americans of 'significant disruption' • Brace yourself for a coronavirus outbreak • CDC officials say coronavirus is likely to spread in U.S. • US health officials say coronavirus will likely cause a global pandemic • San Francisco declares state of emergency over coronavirus • The government can quarantine you for coronavirus, and there's almost nothing you can do about it • U.S. airlines, hotels extend rebooking options as coronavirus spreads • From Virologists to Zombie Movies, Fund Managers Consult It All • Coronavirus poses tough challenge for economic policymakers • Global coronavirus cases spread as U.S. soldier tests positive in South Korea • A Kiss Is Just a Kiss Except When It Spreads the Coronavirus • Trump says coronavirus is “under control.” It’s not • Even Republicans Are Worried the Trump Administration Isn't Ready for a Coronavirus Outbreak • Larry Kudlow says US has contained the coronavirus and the economy is holding up nicely • Italy sees virus cases rise 45%; 11 dead • South Korea Coronavirus Cases May Peak at 10,000, JPMorgan Says • Iran says official who played down virus fears is infected • We can't stop the coronavirus now. But we can be ready for it. • “We are at a turning point”: The coronavirus outbreak is looking more like a pandemic • CDC outlines what closing schools, businesses would look like in a pandemic • The coronavirus cruise ship outbreak confirms cruises are bad • Annoyed GOP senator says Trump admin is giving him conflicting numbers on coronavirus vaccine timetable • Rush Limbaugh on coronavirus: 'The common cold' that's being 'weaponized' against Trump • US confirms 57 cases, CDC outlines pandemic planning • US health officials say human trials on coronavirus vaccine to start in 6 weeks • Virus to Cut Diageo Drink Sales by as Much as $420 Million • New Disney CEO’s First Big Challenge Is the Coronavirus Crisis • CDC: How Americans should prepare for school and workplace closures due to coronavirus • Shortages, confusion and poor communication complicate coronavirus preparations • The Extreme Panic The Coronavirus Is Causing Elsewhere On The Globe Could Soon Be Coming To The U.S. • Lufthansa Freezes Hiring as Coronavirus Outbreak Squeezes Demand • Amazon Merchants Spooked by Coronavirus Fallout Curtail Ad Spending • Hundreds of tourists in Tenerife hotel lockdown over coronavirus • Spanish Hotel Remains on Lockdown With Europe on High Alert • IOC senior member: 3 months to decide fate of Tokyo Olympics • The rising panic over coronavirus is likely to make containing it harder • Suddenly, That Beach Holiday Has Lost Its Appeal • Myanmar Says Air Passenger Numbers Diving Because of Coronavirus • Banks From UBS to BofA Rethink Operations to Cope with Virus in Asia
(DBN)

____________

Fraud:

Hedge Fund Fraudster Sentenced To ‘Long Enough For People To Forget The Name You Were Dropping’ Years
(DBN)

California mother sentenced to five months of prison in college admissions scandal • Heiress Gets Prison in College Admission Scam
(DBN)

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Climate:

Why big banks are breaking up with some fossil fuels
(DBN)

Administration freezes study that considered a NYC sea wall Trump called 'foolish'
(DBN)

Climate Change a National Security Threat
(DBN)

The Future Climate Economy Will Be Decentralized
(DBN)

Rio CEO says world must sacrifice growth to meet climate goals
(DBN)

____________

Trucking:

Trucking, energy loans posing problems for BMO Financial
(DBN)

Illinois Carrier Lays Off Drivers, Shutters Wisconsin Terminal On Short Notice
(DBN)

Penske Logistics to shutter Michigan cross-dock facility, lay off 120 workers and drivers
(DBN)

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Awards:

Jay M. Goffman to Receive The 2020 M&A Advisor Lifetime Achievement Award
(DBN)

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Retailing:

Airport Retail Sales Were Supposed to Hit $49 Billion by 2021 — How Coronavirus Could Crush That
(DBN)

Authentic Brands taps former H&M executive to helm Forever 21
(DBN)

Home Depot says the decline of Sears has helped it disrupt delivery
(DBN)

____________

Banking:

FDIC: Fewer Problem banks, Residential REO Declined in Q4
(DBN)

FDIC "Problem" Institutions from 2009-19
(DBN)

____________

Mass Torts:

US Trustee Asks For Ch. 11 Probe Into Owens-Illinois Spinoff
(DBN)

Use of Future Claims Representative Satisfied Due Process
(DBN)

____________

Corporate Governance:

The 10 Most Overpaid CEOs in America
(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 (18 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (9 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:

Research finds surprising winners and losers in Harvey’s wake
(DBN)

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Bankruptcy Reform:

That was Quick: California Court Holds that the SBRA can be Applied Retroactively
(DBN)

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Mediation:

Do We Ask And Expect Too Much From Mediation? (A Fourth Circuit Mediation Order)
(DBN)

____________

Tax:

Death of the Bob Richards Rule?Supreme Court Limits Federal Common Law ( Rodrigues v. Fed. Deposit Ins. Corp.) • Supreme Court rules state law applies to corporate tax refund allocation • The US Supreme Court rules unanimously in a “curious” tax refund case • SCOTUS Waves Good-Bye to Rule on Tax-Refund Distribution
(DBN)

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Agribusiness:

Number of US Farms Down 3% Since 2014
(DBN)

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Corporate Reform:

That was Quick: California Court Holds that the SBRA can be Applied Retroactively
(DBN)

____________

Tech:

Telepresence Seller Suitable Technologies Files In BK DE - First Day Dec
(DBN)

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Politics:

Florida poll: Bloomberg tops Trump by widest margin of any Democrat • Bloomberg internal poll claims Bernie would sink downballot Dems • Bloomberg Brags of Buying Congress in South Carolina Debate • Did the Bloomberg campaign stack the debate audience with supporters?
(DBN)

4 takeaways from the South Carolina debate • Democrats gang up on Sanders in South Carolina presidential debate • Sanders takes fire in an unruly debate that left no candidate truly enhanced • Fact-checking the 10th Democratic primary debate • Analysis: Winners and losers from the South Carolina Democratic debate • Not a Great Night for the Democratic Party • Free-for-all: Fact-checking the South Carolina Democratic presidential debate
(DBN)

Sanders, Bloomberg Draw Fire as Debate Asks Who Can Beat Trump
(DBN)

70 Former Senators: Senate is Failing Its Constitutional Duties
(DBN)

Sanders blasts Trump’s coronavirus response: ‘This great genius’ says it’s ‘going to end in two months’
(DBN)

Sanders hits new stratosphere of online interest
(DBN)

Sanders nomination would complicate reelection for Virginia Democrats in Congress
(DBN)

Bernie Sanders looks electable in surveys — but it could be a mirage
(DBN)

Sanders: This is how we will fund 'Medicare for All'
(DBN)

Sanders’s Cuba comments are bad politics
(DBN)

Divisiveness Among 2020 Democratic Hopefuls Hits New Low
(DBN)

Trump's opportunity to use Bernie as an economic scapegoat
(DBN)

Former Chicago Mayor Rahm Emanuel’s Dire Warning: Bernie Sanders’ Candidacy ‘Built On False Premise”
(DBN)

In a historically old presidential field, candidates refuse to release health records
(DBN)

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Newspapers:

Judge who handled Tribune Co. bankruptcy appointed to mediate in McClatchy case
(DBN)

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Utilities:

California wildfire victims fear they'll be last in payout • PG&E Executive Vows to ‘Make This Right’ For Wildfire Victims
(DBN)

PG&E CEO assures utility's safety issues are being fixed • PG&E CEO blames past management for safety failures
(DBN)

PG&E Chief Testifies At Commission Hearing That He Has Been Deeply Affected By Wildfire Tragedies
(DBN)

PG&E union resists Bernie Sanders’ calls for public takeover
(DBN)

PG&E fires debris hauler on California wildfire cleanup, alleging over-billing and payoffs
(DBN)

PG&E plans to raise up to $25.68 billion by selling securities
(DBN)

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Sovereigns:

The Emperor's Old Bonds
(DBN)

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UK:

HS2 college faces insolvency after commissioner steps in
(DBN)

Nissan warns about future of European plants as Brexit weighs
(DBN)

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PIIGS:

‘High’ Risks Ahead for Italy’s Mountain of Debt, EU Says
(DBN)

Coronavirus Piles More Woes on Business in Italy’s Economic Heartland
(DBN)

Greece Needs More Reforms to Address Risks From Debt, Banks
(DBN)

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Canada:

Trudeau Wants It All on Climate and Oil. It’s Not Working Out
(DBN)

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China:

Virus Damage to China’s Economy Clear From Early Indicators
(DBN)

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MENA:

Lebanon Bonds Plunge as Government Taps Debt Advisers
(DBN)

New Bankruptcy Law in Oman
(DBN)

Bahrain bankruptcy law
(DBN)

Syria’s worst humanitarian catastrophe in its 9-year civil war is now unfolding
(DBN)

Gulf Economies to Suffer as Coronavirus Hurts Oil and Trade, StanChart Says
(DBN)

____________

India:

Jet Air creditors to ask court to extend liquidation deadline
(DBN)

Seven killed, 150 injured in riots in New Delhi • Modi Preparing Detention Camps for Millions of Muslims in India • Trump Praises Modi's Religious Tolerance
(DBN)

IBC process: Not just companies, even jobs are at stake due to liquidation
(DBN)

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South Africa:

South Africa Curtails Debt Guarantees for State-Owned Companies
(DBN)

Eskom Cursed With No Good Choices as It Struggles to Survive
(DBN)

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