January 10, 2020

The Daily Bankruptcy News

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Law:

Troutman Sanders, Pepper Hamilton Vote to Seal Merger Deal • Troutman Sanders, Pepper Hamilton Vote to Combine Firms • Troutman Sanders and Pepper Hamilton agree to merge creating a top 50 US firm • 2 BigLaw firms agree to merge this spring, making it ‘ideal for our clients’ • ‘Troutman Pepper Hamilton Sanders’ Honors Both Firm’s Names Until We All Shorten It To Troutman In 6 Months
(DBN)

NYC Bar Association urges Congress to investigate AG Bill Barr for partisanship • ‘Troubling Pattern of Conduct’
(DBN)

Carlos Ghosn Claims 'Plot' by Nissan's Ex-Chief Legal Officer and Latham & Watkins
(DBN)

Shh! Don't Talk About the Rivalry in the Sisterhood
(DBN)

Justice Dept. winds down Clinton-related inquiry once championed by Trump. It found nothing of consequence.
(DBN)

Bankrupt Law Firm's Trustee Calls Negligence Claim Baseless
(DBN)

Scarsdale bankruptcy expert files for bankruptcy protection
(DBN)

New England Law School Dean Receives $5.3m Retirement Payout ($4m Deferred Comp, $1.3m For Unused Sabbaticals)
(DBN)

Law Schools Are Losing A Buttload Of Money
(DBN)

Women Need To Not Take What Law Firms Give Them At Face Value
(DBN)

Wachtell, Sullivan and Kirkland top global M&A ranking after a near-record year for mega deals
(DBN)

'Bull' Case Highlights Importance of Witness Prep
(DBN)

Kirkland & Ellis Non-Equity Partners Know Exactly Where They Should Be… Somewhere Else
(DBN)

A Lawyer's Email Account Was Compromised—And I Fell For A Phishing Scam
(DBN)

In Memoriam… To All The Law Firms We Lost Last Decade
(DBN)

50 Lessons For Women Lawyers From Women Lawyers
(DBN)

Tech company accused of bar-exam grading glitch has no liability in test-takers’ suit, 11th Circuit says
(DBN)

The law firms with the swankiest offices in the UK
(DBN)

If Trump orders war crimes, the military will face an impossible choice: Disobey the law, or the president
(DBN)

Hanukkah stabbing suspect charged with 5 additional hate crimes
(DBN)

Man Lights His Head On Fire In Attempting To Burn Down Synagogue
(DBN)

Appeals court says Trump border wall project can use military funds during legal challenge • Trump’s Wall Budget Stands at US$8 Billion • US courts rule for border walls both public and private
(DBN)

Drop in border apprehensions continued in December
(DBN)

Federal appeals court refuses to allow implementation of public charge immigration rule
(DBN)

Mexican man slits own throat at US border after being denied entry
(DBN)

Government Reverses Course: Jeffrey Epstein Suicide Attempt Video 'No Longer Exists' • ‘Deeply troubling’: Jail video of Jeffrey Epstein’s first suicide attempt deleted, prosecutors say
(DBN)

U.S. Seeks Three Months Jail for IRS Leaker of Cohen’s Bank Records
(DBN)

Federal prison reform moving slowly despite bipartisan support.
(DBN)

Avenatti’s Enron Legal Defense in Nike-Extortion Case Rejected
(DBN)

Scientology Argues Actor's Lawsuit Must Go to 'Religious Arbitration'
(DBN)

Bill Cosby asks high court to review conviction
(DBN)

Napolitano: No Legal Right to Kill Soleimani
(DBN)

2 Mississippi men tried to cash in a lottery ticket for $100,000 after supergluing the winning numbers onto it, police say
(DBN)

Australia's law firms step up efforts to help bushfire victims as crisis grows
(DBN)

TripAdvisor Sued for Negligent Camel Supervision
(DBN)

Client 'in fear for my life' after law firm hacked
(DBN)

Hellish new game makes player an overworked lawyer
(DBN)

Lawyer bugged at client's office
(DBN)

Striking facial hair captures Glamorous Solicitor of the Year 2019
(DBN)

Ex-Clients of Lawyer Who Sent Profane Emails 'Feared Him Physically'
(DBN)

Harvey Weinstein prosecutor has medical 'emergency,' gets 'something in her eye in court'
(DBN)

Bill would ban cellphone use for those under 21
(DBN)

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Judges:

Roberts would hold gavel, but not power, at impeachment trial
(DBN)

Is John Roberts a Closeted Never-Trumper? Reading Between the Lines of the Chief Justice’s Year-End Report
(DBN)

Weinstein Strikes Out in Attempt to Get New Judge
(DBN)

Witness arrested after flinging flute at judge
(DBN)

At Harvard Law, reluctance to apply for clerkships with Trump-appointed judges
(DBN)

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Wall Street:

Dow May Climb as Report Set to Show Solid Jobs Growth
(DBN)

Stocks soar to record close as investor focus shifts back to trade
(DBN)

Dow 29,000 in sight, as fading Mideast tensions help to jolt stock market higher
(DBN)

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Layoffs:

E-scooter startup Lime shuts in 12 markets, lays off around 100
(DBN)

Apache closing San Antonio office, cutting nearly 300 jobs
(DBN)

Enterprise Offshore Drilling laying off dozens of offshore oil workers
(DBN)

Layoffs begin at SoftBank-backed delivery company Rappi
(DBN)

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Aviation:

Boeing's Frightening Internal Emails Released • Boeing 737 Max Emails Show Contempt • ‘Damning’ Boeing messages reveal efforts to manipulate regulators of 737 Max • Boeing emails show workers mocking FAA, ridiculing 737 Max’s safety • Internal Boeing messages say 737 Max 'designed by clowns'
(DBN)

Tamarack Progresses On Bankruptcy Emergence
(DBN)

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Utilities:

PG&E Judge Rules that Postpetition Interest for Unsecured Creditors of Solvent Debtors Accrues at Federal Judgment Rate, Finding that Statutory Curtailment of Rights Does Not Constitute Impairment
(DBN)

PG&E Fire Victims Fight FEMA Over Multibillion-Dollar Payout
(DBN)

California's 2020 legislative session: The 'wild, Wild West' of bills targeting PG&E
(DBN)

‘Business as usual.’ PG&E’s big penalty for California wildfires could create tax write-off
(DBN)

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Religion:

One goal of Methodists' plan to split the church over same-sex marriage and clergy: Avoid lawsuits
(DBN)

Judge Allows Lawsuit Alleging Pittsburgh Diocese Created ‘Public Nuisance’
(DBN)

Wife sues Mormon church for $9.5 million after leaders report husband's confession of child molestation
(DBN)

How parishes can tackle the U.S. church’s money crisis
(DBN)

Court overturns $35 million sex abuse verdict against Jehovah's Witnesses
(DBN)

____________

Tech:

Nobel laureate Paul Krugman said he likely fell for a phishing scam. Here's how phishing scams work and how to avoid them.
(DBN)

____________

Pharma:

Biopharma Co. Gets Nod For $4.5M Ch. 11 Sale Of Drug Rights
(DBN)

California could launch its own generic prescription drug label • California's bold new drug pricing plan
(DBN)

Pharmacies facing opioid lawsuits file claims against doctors who did the prescribing
(DBN)

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Climate:

BlackRock Joins $41 Trillion Investor Climate Campaign
(DBN)

A billion animals have been caught in Australia's fires. Some may go extinct.
(DBN)

Australia urges a quarter of a million to flee as winds fan massive bushfires
(DBN)

Australia fire crisis fuels groundswell of support for bolder action on climate change
(DBN)

Australia bushfires flare as heatwave brings renewed misery
(DBN)

Australia's wildfires elicit massive donations
(DBN)

Australia's Severe Wildfires Were Predicted by the Government Over a Decade Ago
(DBN)

Fighting fire with falsehoods: As Australia burns, a battle over facts
(DBN)

'If you're told to leave, you must leave': mass evacuations as Australia's bushfires intensify
(DBN)

House Democrats tee up sweeping climate bill as alternative to Green New Deal • House Democrats' climate bill aims to achieve net-zero emissions by 2050
(DBN)

____________

Tech:

About one-in-five Americans use a smart watch or fitness tracker
(DBN)

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Trucking:

A recession slammed trucking last year — and experts predict that 2020 will bring more bankruptcies and plunging truck orders • US Trucking Industry Under Siege, Faces Many Challenges, Including Amazon
(DBN)

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Economy:

Low unemployment isn’t worth much if the jobs barely pay
(DBN)

Weekly Initial Unemployment Claims Decrease to 214,000
(DBN)

Job creation seen tapering off in December amid tight labor market and slower economy
(DBN)

U.S. Hiring at 2019 Finish Line Seen Right Around Decade Average
(DBN)

97 Percent of CFOs Surveyed Believe Economic Slowdown or Recession Coming Before End of 2020
(DBN)

Companies Are Rushing to Borrow Cheaply While They Still Can
(DBN)

CBO: First Quarter Deficit Grew by 12%
(DBN)

Fortune Poll: Investors See a 2020 Recession Coming—But Think They’ll Make Money
(DBN)

The 1% are much more satisfied with their lives than everyone else, survey finds
(DBN)

70% of Americans say U.S. economic system unfairly favors the powerful
(DBN)

Majority of Republicans Who Agree There's Too Much Inequality Say Large Corporations Should Help Fix It, Survey Shows
(DBN)

Who Killed the Knapp Family?
(DBN)

American voters think income inequality is a bigger political problem than illegal immigration • Most Americans Say There Is Too Much Economic Inequality in the U.S., but Fewer Than Half Call It a Top Priority
(DBN)

Trump's tariffs cost U.S. companies $46 billion to date, data shows • Trump says he could wait to finish China trade deal until after 2020 election • Supporting Trump Tariffs, One Exemption at a Time
(DBN)

Wine industry begs Trump administration to forgo huge trade war tariffs
(DBN)

More Americans are killing themselves at work
(DBN)

An increase of $1 in the minimum wage is linked to lower suicide rates, a study says
(DBN)

December Employment Preview
(DBN)

Old Man Bernanke Has No Idea What He’s Talking About, Slightly Less Old Mark Carney Says
(DBN)

Democrats say they won't raise taxes on the middle class. But they should.
(DBN)

'High earner, not rich yet': How to tell if you're a 'Henry,' based on your salary, savings, and lifestyle
(DBN)

Work-life balance secrets from the happiest countries in the world
(DBN)

Here’s exactly how much it may cost to retire in each state in America
(DBN)

Wealthy Investors Steer Billions Toward New Trump Tax Break
(DBN)

A look at county-level Native American population data
(DBN)

Does money buy happiness? Billionaire giving $9M to Twitter followers to find out
(DBN)

FDIC Insured Bank and Thrift Failures Since 1934
(DBN)

Study: Foxconn Deal Cost Wisc. $20 Billion
(DBN)

Liberals' wealth tax would ripple through U.S. economy, GOP economist says
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

Mortgage rates hit 13-week low in wake of Iran crisis
(DBN)

‘Even two paychecks can only go so far.’ How skyrocketing child-care costs put aspiring home buyers in a bind
(DBN)

How this couple paid off their $195,000 mortgage in under 4 years
(DBN)

Renting is more affordable than buying in 47% of these housing markets — and they tend to have one thing in common
(DBN)

Fannie-Freddie Profit Sweep Brings Dueling Appeals to High Court
(DBN)

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Municipalities:

Hit by devastating earthquakes, Puerto Rico still waiting on billions for hurricane relief
(DBN)

Families Huddle in Dark Across a Ravaged Island, Wary of the Aftershocks
(DBN)

Quake Woes Deepen in Puerto Rico
(DBN)

Earthquake triggers painful memories for Puerto Ricans still recovering from Maria
(DBN)

After earthquakes, Puerto Rico's major power plant to stay dark • Puerto Rico's biggest power plant could be offline for a year, executive warns • Damaged Puerto Rico power plant could be out for "over a year" • After quake, Puerto Rico governor says power should be back by Monday
(DBN)

US Supreme Court can strengthen recovery effort for Puerto Rico
(DBN)

____________

Oil/Gas:

Permian Oil and Gas Employs 87,000 People in 2019
(DBN)

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Fraud:

Andrew Fastow, Who Helped Bring Down Enron, Saw Himself As 'Hero'
(DBN)

____________

Politics:

House Speaker Pelosi resists pressure to transmit impeachment articles to Senate • Pelosi stands firm on Trump impeachment articles: ‘I’ll send them over when I’m ready’ • Pelosi says she won't withhold impeachment articles "indefinitely" • Pelosi Allies Stumped as Impeachment Standoff May Be Near End • Pelosi to ‘soon’ send impeachment articles for Senate trial • Why Pelosi is Going All In Against Trump • Democratic House chair: ‘I misspoke’ in saying Pelosi should send Trump impeachment to Senate • Graham predicts Senate will take up impeachment trial next week • Trump signals White House would try to restrict Bolton testimony • Trump says he is open to witnesses at Senate impeachment trial if Schiff, Biden are called
(DBN)

Rudy Giuliani Shredded for Asking Supreme Court to Invalidate Impeachment
(DBN)

Missile strike on U.S. bases 'did not intend to kill,' says Iranian commander • Iranian commander vows "harsher revenge" against U.S. • Lawmakers tear into Trump over a military briefing they say provided no evidence of an 'imminent threat' from Iran • Trump claims Iran's top general was plotting to blow up the US Embassy in Iraq — but doesn't give any evidence backing it up • Here's the unclassified copy of Trump's memo to the Senate informing it of the Soleimani strike, which shows a huge loophole in his justification • Majority of Americans Say Donald Trump Has Made the U.S. Less Safe With Strike On Soleimani: Poll • The only winner of the US-Iran showdown is Russia • Bolton says war powers resolution should be repealed • Subpoena John Bolton
(DBN)

Facebook won't limit political ad targeting or stop false claims under new ad rules
(DBN)

GOP Senator Goes Off: Trump Admin Briefing on Iran Was ‘Insulting’ and ‘Demeaning’ to the Constitution • “It’s UnAmerican. It’s Unconstitutional”: Utah Senator Denounces The Iran Briefing As “Absolutely Insane” • Tensions flare as Congress chafes at its back-seat role • House approves resolution to limit Trump • Amid GOP pushback, Pence says sharing intel with Congress could 'compromise' sources • Sarah Sanders 'Can't Think of Anything Dumber' Than Congress Voting on a War Powers Resolution • Sarah Sanders Should Read US Constitution • Defense Secretary Esper privately warned lawmakers against debating war powers
(DBN)

The new GOP line: If you criticize Trump, you support terrorism
(DBN)

Latest forecast for how many pledged delegates each candidate will win after all states have voted
(DBN

Trump loves to blame Obama
(DBN)

Trump more distrusted than Putin, Xi: poll
(DBN)

Bernie FactCheck: "In 2018, Biden lauded Paul Ryan for proposing cuts to Social Security and Medicare."
(DBN)

Anti-Trump Republican video mocks "MAGA Church"
(DBN)

Inside Elizabeth Warren's effort to court her vanquished rivals - and why it's worth her time
(DBN)

Buttigieg, Biden, Sanders battle for lead in latest New Hampshire poll
(DBN)

Trump announces rule changes to exempt big projects from environmental review
(DBN)

America's ideological balance continues to lean center-right
(DBN)

ActBlue pulled in over $1 billion for Democrats in 2019
(DBN)

Bloomberg won’t release women who sued him from secrecy agreements
(DBN)

“Past Due”: Court Declares Hunter Biden The Father Of Child In Arkansas
(DBN)

President Donald Trump: You’re doing it wrong if your ‘409K’ is up only 50%
(DBN)

It’s 1856 All Over Again
(DBN)

Pete Buttigieg unveils $1 trillion infrastructure plan
(DBN)

Elizabeth Warren's false claim that the filibuster stopped immigration reform
(DBN)

Younger Americans more likely than older adults to say there are other countries that are better than the U.S.
(DBN)

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Obstacle Courses:

Tough Mudder bankruptcy complicates Spartan acquisition bid
(DBN)

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Food/Beverage:

Broker dumped Bumble Bee as bankruptcy loomed
(DBN)

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Taxis:

A man pretending to be an Uber driver kidnapped and raped a woman, prosecutors say
(DBN)

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Mass Torts:

Bayer Roundup Mediator Is ‘Optimistic’ With Talks Heating Up
(DBN)

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Coal:

Coal’s Fortunes Look Bleak 
(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 (17 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (14 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:

Bankruptcy filings up for the year 2019 Central District of California (a little)
(DBN)

BK ED LA: Updated Filing Statistics
(DBN)

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Bankruptcy Reform:

Joe Biden Reluctantly Backed Abortion Amendment In Bankruptcy Bill Fights
(DBN)

Warren bankruptcy plan aims to close loophole for police brutality
(DBN)

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Small Business:

Stressed Family Businesses: Chapter 11 Reorganization Must Work For Them
(DBN)

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Student Debt:

Law grad wins discharge of his student debt in opinion criticizing ‘punitive standards’ • Law Grad's $221K Loan Discharge Has Bankruptcy Bar Buzzing • Bankruptcy Judge Discharges $221k Student Loan Of Cardozo Law Grad Working As Tour Guide • Bankruptcy Judge Discharges Law School Loans — Brief Moment Of Sanity Before Appeal • Cardozo Law Grad Wins Bankruptcy Discharge of $221K in Undergrad, Law School Debt
(DBN)

Changing Court Attitudes on Bankruptcies
(DBN)

Paying off $200K Law School Loans in 6.5 Years - Okeoma Moronu's Happiness Journey
(DBN)

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Advisors:

FTI Consulting Announces 2020 Senior Managing Director Promotions
(DBN)

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Retailing:

Frustrated Barneys workers say their liquidating store has devolved into chaos and become a 'free for all' of rampant theft
(DBN)

‘Kohl’s is just roadkill,’ says Cramer. ‘I’m speechless’ after ‘a terrible holiday season’ • Kohl’s lowers outlook as holiday same-store sales fall
(DBN)

Department Stores Report Lower Holiday Sales Due To eCommerce Shift
(DBN)

By the numbers: The 2019 holiday sales roundup
(DBN)

L Brands lowers guidance as Victoria’s Secret drags down holiday performance
(DBN)

JC Penney says holiday same-store sales fell 7.5%, reaffirms outlook for the year • Holiday sales fall at J.C. Penney
(DBN)

The rise and fall of Pier 1, the once-beloved destination for stylish and cheap home goods and decor
(DBN)

Bed Bath & Beyond fights for its survival • Bed Bath & Beyond's future is bleak even with a former top Target executive running things: analyst • Bed Bath & Beyond has so many ways it can improve, analysts can’t help but be bullish • Bed Bath & Beyond withdraws fiscal outlook; delays store closures
(DBN)

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Investment Managers:

Dondero will stay as settlement for bankrupt Highland Capital unit progresses • Highland Capital Management founder out in proposed settlement with creditors
(DBN)

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Television:

Discovery CEO Predicts Few Platforms Will Survive Streaming Wars
(DBN)

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History:

"Restitution Centers" - Time Travel Back to Debtor Prisons of Charles Dickens' Era
(DBN)

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Healthcare:

Hospital Bankruptcies Leave Sick and Injured Nowhere to Go
(DBN)

More bad news for owner of St. Louis hospital
(DBN)

Agreement with USDA paves way for Missouri hospital to stay open
(DBN)

Washington health system to close hospital, migrate care to surgery centers — 3 insights • Yakima to lose 1 of 2 hospitals
(DBN)

You Are Unvaccinated and Got Sick. These Are Your Odds.
(DBN)

The Staggering Cost of US Health Care Bureaucracy
(DBN)

Two Big Drug Flops Show How Health-Care Economics Have Changed
(DBN)

Kansas governor, top Republican reach deal to expand Medicaid
(DBN)

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UK:

Brexit is happening: U.K. Parliament gives final approval
(DBN)

Trump ‘Excited’ About Post-Brexit Trade Deal With U.K., Envoy Says
(DBN)

$170 Billion and Counting: The Cost of Brexit for the U.K. • Brexit Cost After ‘Boris Bounce’ Is Still $260 Billion
(DBN)

'Megxit' could pack a punch to the British economy
(DBN)

Harry & Meghan Quit the Job, Kept the Money • Harry and Meghan: Royal Hypocrites • ‘Meghan Markle found out she would be a civil servant in a tiara.’ How Meghan and Harry’s move to America will make them rich beyond their wildest dreams • 'It's a masterclass in wanting to have your cake and eat it’ • Brexit Enters Its Meghan and Harry Phase • Will Meghan Markle and Prince Harry Pursue Hollywood Deals After ‘Step Back’ From Royal Duties?
(DBN)

Carney signals 'prompt' rate cut ahead unless economy picks up
(DBN)

John Lewis warns it may not pay staff bonus
(DBN)

Tesco's sales fall in 'challenging' market
(DBN)

Worst year for retail in 25 years, says trade body
(DBN)

Liberty Steel to axe 355 jobs amid 'challenging market conditions'
(DBN)

All 79 Mothercare will close putting 2,500 out of work
(DBN)

____________

PIIGS:

There's a $40 Billion Reason to Avoid Italy
(DBN)

____________

Canada:

Nortel pensioners lose $200M refund battle with Ontario’s PBGF
(DBN)

Canada’s Justin Trudeau says evidence indicates Iranians shot down airliner
(DBN)

____________

MENA:

The Ukrainian flight that crashed in Iran was shot down by a missile, according to US satellite intelligence • Iran missile appears to have shot down Ukraine-bound Boeing airliner, US sources tell NBC News • U.S. officials say they’re confident Iran shot down Ukrainian plane in Tehran • Iran Invites Boeing, US to Help in Airliner Crash • Video of Alleged Missile Strike on Ukraine Airliner and Crash • U.S. Issued No-Fly Order Over Iran, Iraq Hours Before Ukrainian Plane Downed
(DBN)

Iraqi PM tells US to decide the mechanism for troop withdrawal
(DBN)

Iran’s Economy Can’t Afford Further Military Escalation
(DBN)

Here's what might happen if the U.S. were to suddenly quit Iraq
(DBN)

U.K.'s Boris Johnson Tells Iran His Government Is Committed to Nuclear Deal Despite Trump's Pressure
(DBN)

No Lebanese bank at risk of bankruptcy: Salameh
(DBN)

____________

France:

Tensions flare in French protests as pension dispute grinds on • French unions take to streets in make-or-break pension protest
(DBN)

____________

South Africa:

South Africa Finance Minister Warns of Cut to Junk Rating
(DBN)

____________

Japan:

Ghosn Says His Interrogations Lasted 8 Hours a Day With No Lawyer • Japan and Nissan hit back at Ghosn's claims • Low-Key Professor Name-Dropped by Ghosn Startled by Spotlight
(DBN)

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Hong Kong:

The interplay between insolvency and arbitration proceedings in Hong Kong
(DBN)

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Luxembourg:

Bankruptcy numbers hit new high
(DBN)

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Argentina:

Buenos Aires province US$ 227 million debt payment on Jan 26, a major test for creditors
(DBN)

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China:

China bond investors battle to claim cash after defaults
(DBN)

China’s Offshore Bond Defaults Increased to $3.6 Billion in 2019
(DBN)

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