February 27, 2020

The Daily Bankruptcy News

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Law:

Latham Revenues Surge to $3.76 Billion on Strong Demand
(DBN)

More Carrot, Less Stick Needed to Boost Legal Diversity: Panel
(DBN)

Clients Track Diversity But Law Firms Miss the Message
(DBN)

3 Ways Norton Rose's New Chairman Is Thinking Differently About Global Firm Leadership
(DBN)

Women Law Firm Leaders: Cogs in the Machine?
(DBN)

Paul Weiss Restricts Travel, Orrick Postpones Partner Retreat Over Coronavirus Fears
(DBN)

Amid Bankruptcy, Pier 1 Finds New General Counsel After Sudden Death of Former Top Lawyer
(DBN)

Reed Smith Boosts Revenue, Partner Profits in 'Excellent' 2019
(DBN)

See Something, Say Something: A Call to End the Bullying of Junior Women Attorneys
(DBN)

Dentons says $32.3M malpractice verdict was ‘simply wrong,’ and it will appeal
(DBN)

Who's Watching South Florida's Bankruptcy Court? DBR's Neals-Nominated Investigation
(DBN)

New York Will Officially Remove Mental Health Questions From Its Bar Exam Application
(DBN)

Test Takers Spring Into Action When Law School Grad Has Seizure During Bar Exam
(DBN)

This Is Who To Blame For The Bar Exam
(DBN)

How do we, as a profession, foster a culture of compassion toward each other when we are often at each other's throats?
(DBN)

Lawyers can post ‘restrained’ responses to negative online reviews, proposed ethics opinion says
(DBN)

Lawyer blasted by judge for conduct in Chevron case should get his law license back, ethics referee says
(DBN)

Trump Is 'Attacking Every American' by Criticizing Stone Foreperson: Juror Stone Juror: Why is Trump Attacking Us?
(DBN)

Trump's Secret Battle to Pardon Roger Stone
(DBN)

George Conway Blasts Trump Tweet That Politicized Concerns About Coronavirus
(DBN)

Trump campaign sues The New York Times for libel over Russia opinion article Does Trump’s Lawsuit Against New York Times Stand a Chance?
(DBN)

‘Blatant Violation of House Rules’: Watchdog Questions How Nunes Is Funding 6 Lawsuits at Once
(DBN)

Justice Department argues Harvard's use of race in admissions violates civil rights law
(DBN)

Weinstein's legal team looks ahead to appeal and L.A. charges after loss in New York A juror in the Harvey Weinstein case describes the 'very high' tensions behind the scenes as the jury struggled to come to a decision Jail Officials’ Treatment of Harvey Weinstein Reportedly Being ‘Influenced’ by Jeffrey Epstein’s Death Harvey Weinstein Is Behind Bars, but Has the Culture in Hollywood Really Changed?
(DBN)

Judge Rules for Ghislaine Maxwell in Huge Setback to Victims and Boon to Epstein Accomplices
(DBN)

Trump Administration May Withhold Federal Grants Over Sanctuary Policies, 2nd Circuit Rules
(DBN)

Congress Warns Pentagon on Funding Wall
(DBN)

19 signs you're a narcissist and don't even know it
(DBN)

A Florida woman is being accused of zipping her boyfriend into a suitcase and leaving him to die
(DBN)

TX: Babysitter Shoots Kid While Taking Selfie
(DBN)

Milwaukee shooting: 6 dead, including gunman, after mass shooting at Molson Coors Beverage Company What We Know About the Milwaukee Massacre
(DBN)

Murder conviction tossed after prosecutor conducts background check on only black juror
(DBN)

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Judges:

Trump Taps Bankruptcy Judge For District Court Position Trump names bankruptcy judge to long-empty seat on District Court in Milwaukee Donald Trump nominates judge for Eastern District vacancy
(DBN)

'Ridiculous and Unhelpful': Commentary on Trump's Bashing of SCOTUS
(DBN)

‘Unwarranted Attacks’ on Judges Decried by Philadelphia Bar
(DBN)

Donald Trump's bromides against judges are hallmarks of authoritarianism
(DBN)

Supreme Court can do better when speaking up for itself
(DBN)

Students At Elite Law Schools Demand Increased Sexual Harassment Protections For Federal Clerks
(DBN)

Cyber Attack Attempts on Judiciary Top 24 Million, Congress Told
(DBN)

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Wall Street:

Dow set to drop 400 points on report of first US coronavirus case of unknown origin
(DBN)

European stocks slide 2% as coronavirus outbreak spreads to more countries
(DBN)

Wall Street extends losses as spread of coronavirus outside China picks up
(DBN)

Dow falls as Wall Street struggles to rebound from this week’s market rout
(DBN)

London stocks struggle for traction as coronavirus dominates investor concerns
(DBN)

Trump is reportedly 'furious' that US stocks have tanked on coronavirus fears — and he's accusing the 'fake news' media of throwing fuel on the fire
(DBN)

'The worst is yet to come': Global stocks are under pressure as fears mount of a coronavirus pandemic
(DBN)

Coronavirus Has Finally Caught Up With The Stock Market, And Trump Is Reportedly ‘Furious’
(DBN)

What typically happens following a two-day selloff of 6%? More of the same, if 1987 and 2008 are any indication
(DBN)

Billionaire Leon Cooperman says the coronavirus selloff is a 'healthy' correction for the market 'even though I've lost a ton of money'
(DBN)

Coronavirus cuts Trump’s Dow gains since election to 48% from 61%
(DBN)

Gundlach blames Bernie Sanders for sell-off, cites ‘dark side of momentum investing’
(DBN)

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Mass Torts:

Bankrupt Boy Scouts may need to sell Norman Rockwell art to pay sexual abuse victims
(DBN)

Boy Scouts Victims Fear Delay Tactics Are Driving Ch. 11
(DBN)

Bayer says Roundup legal fiasco may force it to sell assets or borrow on bad terms
(DBN)

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Retailing:

Outdoor Voices slashes jobs as its founder abruptly leaves the struggling company Outdoor Voices cuts jobs as founder Tyler Haney resigns
(DBN)

Retail sales to rise 3.5% to 4.1% in 2020, unless coronavirus derails growth
(DBN)

Forever 21's new owners face a slowdown in fast fashion
(DBN)

Outlet Centers Continue to Post Healthy Fundamentals, But There May Be Challenges Ahead
(DBN)

Do Reports Of Store Closings And Layoffs At Stage Stores Mean The Final Act Is Near?
(DBN)

The So-Called Retail Apocalypse Isn't An End -- It's A Beginning
(DBN)

Modell's to shutter 24 stores
(DBN)

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Student Debt:

This Is How Bernie Sanders Will Pay For $1.6 Trillion Of Student Loan Forgiveness
(DBN)

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Pharma:

Mallinckrodt Pharmaceuticals Bankruptcy and Channeling Injunction Puzzle
(DBN)

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Economy:

Debt among oldest Americans skyrockets 543% in two decades
(DBN)

How much millennials need to have saved right now to retire at 67
(DBN)

Toomey says he won’t oppose Judy Shelton’s controversial Fed nomination
(DBN)

U.S. Household Debt and Credit Developments as of Q4 2019
(DBN)

Thirtysomething Baby Boomers Owned 5 Times The National Wealth Millennials Own In Their 30s, Rationalizing Rise Of Bernie Sanders
(DBN)

Why the Fed can’t defend the economy against the coronavirus outbreak
(DBN)

Coronavirus Sparks Talk of Global Recession and 'Economic Pandemic' as Stock Markets Dive
(DBN)

Nowhere to go but lower for bond yields as long as coronavirus scare persists 10-year Treasury yield drops to new record low of 1.30% on coronavirus fears
(DBN)

Amazon will grow 25% every year ‘like clockwork,’ Chamath Palihapitiya says
(DBN)

The Impact of International Students on the U.S. Economy
(DBN)

How coronavirus could force the work-from-home movement
(DBN)

Trump and Johnson line up ‘massive’ trade deal. But experts aren’t so optimistic
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Real Estate Purchase Agreement: Contract for Deed or Mortgage – It Makes a Difference
(DBN)

US new home sales surge to 12.5-year high in January New home sales soar to highest level since 2007 New Home Sales increase to 764,000 Annual Rate in January A few Comments on January New Home Sales January's new home sales spike 18.6% from 2019
(DBN)

MBA: Mortgage Applications Increased in Latest Weekly Survey
(DBN)

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Municipalities:

Puerto Rico-based creditors oppose proposed bond restructurings
(DBN)

Puerto Rico's green dreams snared by mistrust, bankruptcy
(DBN)

Municipal yields hit 38-year lows as investors fleeing coronavirus risk take refuge in state, local debt
(DBN)

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Oil/Gas:

The Oil And Gas Situation: Time For Alarm Has Arrived
(DBN)

Seadrill says rig market recovery slowing, debt talks continue
(DBN)

Major Bank Sees Abysmal Demand Growth For Oil
(DBN)

The Real Reason The Middle East Is Pivoting Towards Renewables
(DBN)

More Than A Dozen Saudi Oil Firms Book Hefty Losses In 2019
(DBN)

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Healthcare:

Report: Healthcare company CEO removed, trustee to be named
(DBN)

Management of large liabilities of health care companies through bankruptcy
(DBN)

World health official: We are not ready Coronavirus fatality rates vary wildly depending on age, gender and medical history — some patients fare much worse than others Seven Surprising Facts About Coronavirus No, the masks won't help you... Northern Californian tests positive for coronavirus in first U.S. case with no link to foreign travel Travel restrictions ‘irrelevant’ if coronavirus becomes pandemic, Fauci says Orange County officials to declare local health emergency amid coronavirus concerns Rejected by Two Ports on Virus Fears, Cruise Heads to Mexico JetBlue becomes first American airline to suspend change and cancellation fees for ALL flights over coronavirus fears As coronavirus outbreak grows, big tech company stocks are taking a hit Coronavirus spread 'deeply concerning' but not a pandemic: WHO's Tedros WHO: Trump is Ignorant on Coronavirus Trump's War on Truth and Coronavirus Reassessing the global impact of the coronavirus 81,245 cases, 2,770 deaths, Trump to hold virus news conference ‘Confusion breeds distrust:’ China keeps changing its coronavirus case counts 83 New Yorkers self-quarantined after returning from coronavirus-stricken China What to know about the virus in 8 charts... Trump facing growing coronavirus crisis amid market jitters and administration chaos Trump is facing a coronavirus threat. Let’s look back at how he talked about Ebola Trump’s Coronavirus Response Raises Alarms Trump downplays risk, places Pence in charge of coronavirus outbreak response Coronavirus screening 'missing more than half of cases': study World Health Organization: China not sharing data on health-care worker coronavirus infections Globe battles virus as cases multiply outside China Trump is furious with the CDC for doing its job Trump spent the past 2 years slashing the government agencies responsible for handling the coronavirus outbreak Trump Insists on Paying for Coronavirus Prep by Cutting Heating Aid for the Poor France records first virus death Cases on every continent except Antarctica Scramble to contain coronavirus as infections spread in Europe First coronavirus case in Latin America is confirmed in Brazil Korean Air is letting people change their flights from the US to South Korea after a flight attendant tested positive for coronavirus — but there's a catch The coronavirus epidemic could wipe out $43 billion of luxury sales in 2020 Study abroad programs halted amid coronavirus scare Universities pulling students from Italy and South Korea as coronavirus outbreak spreads Iran health official enters coronavirus quarantine as locals accuse Tehran of cover-up Senate Minority Leader Chuck Schumer to request $8.5 billion from federal government to combat coronavirus Congressional leaders launch emergency spending talks for coronavirus response Caution, cancellations mark Ash Wednesday in time of virus Ugly battles erupt as residents fight housing coronavirus patients in their cities 'We're fine but bored,' says guest in Tenerife hotel in coronavirus lockdown US, South Korea militaries face new enemy in viral outbreak How to prepare for coronavirus in the U.S. (Spoiler: Not sick? No need to buy any masks) Japan Rejects Possible Tokyo Olympics Cancellation Amid Coronavirus Threat Australia’s growth outlook dims as China falters amid coronavirus outbreak Coronavirus Lockdown Led Young Boy to Stay Home With Dead Grandfather Followers of the doomsday church that is linked to South Korea's coronavirus outbreak were meeting in Wuhan until December How to travel during the international coronavirus outbreak Can This Virus Be Stopped? Saudi Arabia temporarily bars entry for pilgrims as coronavirus fears escalate
(DBN)

Coronavirus sniping proves politics is the real problem
(DBN)

Global Bankers Throw Out Dealmaking Basics in Age of Outbreak
(DBN)

The World's Most China-Reliant Economy Reels From Virus Shockwaves
(DBN)

Coronavirus raises fears of U.S. drug supply disruptions Coronavirus Outbreak Exposes Faults in Antibiotics Pipeline
(DBN)

2020 Democrats reveal how they would address the coronavirus outbreak
(DBN)

Health savings accounts are crazy bad tax policy
(DBN)

Bernie Sanders’s new favorite Medicare-for-all study, explained
(DBN)

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Climate:

Elizabeth Warren pushes Larry Fink on BlackRock’s pledge to fight climate change
(DBN)

Cracks emerge in the oil lobby over climate change
(DBN)

The 90 companies responsible for two-thirds of historical greenhouse gas emissions
(DBN)

____________

Taxis:

New York Attorney General Accuses N.Y.C. of Fraud Over Taxi Crisis from New York Times
(DBN)

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Coal:

The FTC wants to cut one of the coal industry’s last lifelines
(DBN)

Trump appointees vote to block US coal joint-venture
(DBN)

Navajo company reaches immunity deal with US for coal mines
(DBN)

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Personal Finance:

If you have one of these 10 jobs, you're more likely to get divorced
(DBN)

Insurers Use Nondriving Habits for Pricing
(DBN)

Calculator: How Much You Need to Retire
(DBN)

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Fraud:

Lawyers: New Evidence Backs Loughlin
(DBN)

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Food/Beverage:

Shake Shack Gets A Big Wake-Up Call
(DBN)

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Event Facilities:

Here’s How Couples Are Coping After Corporate Wedding Venue Noah’s Events Shutters
(DBN)

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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 (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 Policy:

Reviewing Pre-Packed Bankruptcies: Does It Create Value for Employees?
(DBN)

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Tax:

In tax refund case, justices decide a narrow question but leave much unresolved
(DBN)

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Bankruptcy Fees:

Bankruptcy fees must be paid as cases are e-filed
(DBN)

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Bankruptcy Reform:

SBRA Springs to Life
(DBN)

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Aviation:

26 airlines have canceled flights beyond China amid fears coronavirus is spreading globally — here's the full list
(DBN)

'Not Worth It': Travelers Cancel Flights as Coronavirus Spreads
(DBN)

Airline stocks tumble as the coronavirus spreads outside of China
(DBN)

SAS CEO Frets About Coronavirus Crisis Stretching Into Airline’s Peak Summer Months
(DBN)

American Airlines shares drop to the lowest in more than 6 years amid coronavirus airline rout
(DBN)

Coronavirus outbreak to cost airlines almost $30bn
(DBN)

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Politics:

Mike Bloomberg appeared to say he 'bought' 21 Democrats their seats in Congress in a cringeworthy debate gaffe Mike Bloomberg’s momentum stalls in presidential polls ahead of Super Tuesday vote Bloomberg: Savior to Goat in Just One Week If Bloomberg is So Rich, Why Does He Steal Pay
(DBN)

‘No way out’: Demographics drive GOP nosedive on West Coast
(DBN)

Over 200 Native Americans sign letter urging Warren to retract ancestry claims
(DBN)

Prospect of Sanders as presidential nominee divides Senate Democrats
(DBN)

Pelosi's majority faces a risk she can't control: Sanders
(DBN)

Bernie Sanders rejects AIPAC
(DBN)

Trump says ‘quite a bit’ of sell-off is fear a Democrat will win election
(DBN)

Can Sanders beat Trump? A growing number of Democratic voters say yes Robert Reich: Calm down, establishment Democrats. Bernie Sanders might be the safest choice
(DBN)

Woman dangles gossip to raise big money for Warren
(DBN)

Media, political elites who didn’t see Trump in 2016 are blowing it again with Bernie Sanders
(DBN)

House Dems Want to Know Why Trump-Appointed World Bank President Was in Ukraine at ‘Apex’ of Pressure Campaign
(DBN)

The Trouble with Election Security
(DBN)

Democracy's Problem: Kids and Phones
(DBN)

Marine Corp to Remove Confederate Symbols
(DBN)

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Celebs:

Dog the Bounty Hunter is Broke
(DBN)

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Autos:

Bankruptcy judge approves Vista Bank’s $7.5M settlement with RDAG estate
(DBN)

Coronavirus causes Moody’s to slash global vehicle sales forecast for 2020 Moody's lowers its forecast for global auto sales in 2020 due to the coronavirus, anticipating lower demand and supply disruptions
(DBN)

There’s a sense of urgency and crisis as Ford stock hits 10-year low, exec says Ford COO Sees 2009 Crisis Flashback on Faces of Colleagues
(DBN)

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Utilities:

‘Sometimes things just break’: PG&E CEO grilled by fire victim
(DBN)

FEMA: PG&E’s poor power line maintenance means it intentionally caused fires FEMA wants billions for helping after California wildfires. Victims plead with judge to stop them
(DBN)

Fire Victims Fight FEMA Bid for $4 Billion Piece of PG&E Settlement Federal judge hears arguments about FEMA's $4 billion claim
(DBN)

Bankruptcy judge rules investors may not bring single claim against PG&E
(DBN)

FirstEnergy Tells 6th Circ. Ch. 11 Power Deal Ruling Is Sound
(DBN)

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UK:

Lloyds to cut 780 jobs in latest shift away from branches
(DBN)

Direct Line to axe 800 jobs as insurers see digital shift
(DBN)

Lighthizer Readies for British Trade Talks
(DBN)

Aston Martin losses deepen as it issues coronavirus warning
(DBN)

Sticking Points to New UK-EU Trade Deal
(DBN)

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EU:

1 in 5 Europeans says secret Jewish cabal runs the world, survey finds
(DBN)

Europe is Thinking Hard About Divorcing America
(DBN)

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MENA:

Children Freeze to Death as Attack Prompts Largest Exodus of Syrian War
(DBN)

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Hong Kong:

HK banks face coronavirus toll on asset quality, loan growth
(DBN)

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South Africa:

South Africa giving billions to struggling state-owned firms
(DBN)

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Netherlands:

At least 24 works of art have gone missing from bankrupt hospital collection
(DBN)

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India:

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

How Path-Breaking Verdicts, Crucial Amendments Shaped Insolvency Laws
(DBN)

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