January 17, 2020

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Confidence in the economy is dropping among law firm leaders, new survey finds
(DBN)

Harvard Law School Students Protest Paul Weiss Recruiting Event Harvard Law Students Protest Paul Weiss Over ExxonMobil Defense
(DBN)

Want To Lead A Law School? You Better Be Pumped During The Interview
(DBN)

Notice of Appearance - Andrew O'Neill, Sidley Austin
(DBN)

The surprising protest of Exxon’s law firm at Harvard Law
(DBN)

New Year, New Look For This Biglaw Firm
(DBN)

Duane Morris, NY-Based Satterlee Stephens To Merge in February
(DBN)

Don’t Take A Walk In This Lawyer’s Shoes
(DBN)

A dozen Boies Schiller lawyers join new boutique law firm
(DBN)

Orrick Turns to Video to Overhaul In-House Counsel CLE
(DBN)

Hogan Lovells Teams Up With Elevate for New US Document Review Center
(DBN)

Revealed: The staff who absolutely hate their firms
(DBN)

Freshfields' former Global Head of Tax charged with fraud
(DBN)

Federal watchdog finds OMB violated law by withholding Ukraine aid Turns Out Withholding Foreign Aid For Domestic Political Advantage Is Illegal After All Government Watchdog Report Also Accused Trump Allies of Constitutionally Significant Obstruction "Faithful execution of the law does not permit the President to substitute his own policy priorities for those that Congress has enacted into law" Government Watchdog Explains How Exactly Trump Violated The Law With Ukraine Aid The holdup of aid to Ukraine falls ‘squarely’ into the definition of an illegal act, congressional auditors say
(DBN)

Devin Nunes Threatened to Sue Ted Lieu for Saying He Conspired with Lev Parnas
(DBN)

Judge Said He Expects Quick DC Circuit Ruling on McGahn in Pausing Trump Tax Returns Fight
(DBN)

Former Federal Prosecutor: AG Barr 'Should Probably Retain a Criminal Defense Attorney'
(DBN)

Disturbing evidence in Jeffrey Epstein’s autopsy points to his murder: pathologist Jeffrey Epstein's Famous Running Buddies
(DBN)

Judge threatens prospective Weinstein juror with jail for tweeting about the case Supermodel dismissed as potential juror in Weinstein trial
(DBN)

Trump administration moves to protect prayer in public schools and federal funds for religious organizations
(DBN)

Comey Under Investigation? Latest News Raises 'Suspicions' of Political Revenge
(DBN)

In tiny town, immigration detainees outnumber residents
(DBN)

International Law: If there was no 'imminent' attack from Iran, killing Soleimani was illegal Iran could win war-crimes lawsuit against Trump over Soleimani
(DBN)

Apple’s fight with Trump and the Justice Department is about more than two iPhones The FBI Got Data From A Locked iPhone 11 Pro Max — So Why Is It Demanding Apple Unlock Older Phones?
(DBN)

CEO of Smith & Wesson owner out after misconduct allegations
(DBN)

FBI arrests 3 white supremacists ahead of pro-gun rally
(DBN)

Arrest warrant issued for Odell Beckham Jr. for allegedly slapping guard's backside Cops Embarrass Themselves With Arrest Warrant For Odell Beckham Jr.
(DBN)

Judge limits 97-year-old lawyer’s involvement in murder case after courtroom outburst
(DBN)

TX: Judges Denying Teens Abortion Requests
(DBN)

11th Circuit upholds dismissal of juror who said Holy Spirit told him to acquit former congresswoman
(DBN)

'Nazi Salute School' Sued for Racism, Abuse
(DBN)

Slaughter and May bans ski trips after harassment claim
(DBN)

Linklaters calls in the sobriety police
(DBN)

What's Next? Drinking Chaperones at Your Law Firm?
(DBN)

Lawyer accidentally submits his BDSM contract to court
(DBN)

Bonkers law firm website: White collar boxing weaklings
(DBN)

Attorney Suspended Over Actions in Back Rent Dispute
(DBN)

Can Police Legally Wreck Your Home?
(DBN)

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Judges:

Chief Justice Roberts swears in senators for impeachment trial Presiding Over Impeachment Trial, Roberts Urged to Embrace Cameras
(DBN)

What Rehnquist Told Senators After 'Culture Shock' of Presiding at Clinton's Trial
(DBN)

Justice Boomer Gets Laughs As He Guts Federal Employee Discrimination Statute
(DBN)

Trump Judge Tries To Put Reasonable Spin On ‘I Don’t Like Trans People,’ Fails
(DBN)

Kamala Harris calls for temporary halt to advancement of judicial nominees Senate Judiciary Pauses Nominations for Impeachment Trial
(DBN)

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Wall Street:

US futures point to higher open
(DBN)

Stocks Close at Record Highs
(DBN)

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Layoffs:

Barclays said to be cutting about 100 senior jobs at investment bank
(DBN)

Detroit braces for year of slower sales by idling auto plants
(DBN)

New Jersey Just Passed the First Law in the Nation to Guarantee Severance Pay After Mass Layoffs
(DBN)

Kentucky coal miners end protest with paychecks
(DBN)

Prisma Health to lay off 300
(DBN)

Jacksonville financial company to lay off 305
(DBN)

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Politics:

Ukraine Probes Alleged Yovanovitch Surveillance and Burisma Hack Ukraine asks FBI to help probe suspected Russian hack of Burisma
(DBN)

Nancy Pelosi angered Republicans by using 30 different personalized pens to sign Trump's 'sham' impeachment articles Impeachment of the President Normally Requires a Crime Trump impeachment trial opens with "impartial justice" oath Senate Becomes a Hushed Courtroom for Trump Impeachment Trial House prosecutors read Trump impeachment charges to Senate Trump's Senate impeachment trial formally begins Senators are banned from using their phones or any other electronics during Trump's Senate impeachment trial Trump administration broke law in withholding Ukraine aid, watchdog says as impeachment trial set Susan Collins says she would "likely" vote to call impeachment witnesses Senate impeachment trial begins with rancor over witnesses and new evidence about Trump's Ukraine dealings Impeachment Trial Brings Biden Uncomfortable Heat, Lucky Timing
(DBN)

White House Counsel Shouldn’t Act as Trump’s Impeachment Lawyer
(DBN)

These are Giuliani associate Lev Parnas' most explosive claims in his wild interview with Rachel Maddow ‘He’s Lying’: Lev Parnas Says He’ll Post a Photo With Trump Every Time President Claims Not to Know Him Lev Parnas’s dramatic new claims about Trump and Ukraine, explained Trump Says He Doesn’t Know Parnas Despite Multiple Photos Democrats release more Parnas evidence, including voicemails with Trump associates Lev Parnas' interviews and documents tie Trump more directly to the Ukraine pressure campaign 'You don't write the crime down, you dummy': Late-night comics mock Giuliani pal Parnas Nunes was 'involved in getting all this stuff on Biden,' Parnas says Devin Nunes Now Remembers Talking to Giuliani Associate Lev Parnas After Previously Saying He Couldn't Recall His Name Lev Parnas Claims Yovanovitch Was Targeted to Get Her Out of Possible Biden Probe, Says Hyde Was 'Drunk the Whole Time'
(DBN)

FBI visits home of Robert Hyde, Trump donor at center of Ukraine ambassador spy scandal Who is Robert Hyde, the newest figure in the impeachment saga? Robert Hyde, new figure in impeachment drama, is a Trump devotee with checkered past Lev Parnas and Robert Hyde Conduct Dueling TV Interviews in Response to Bombshell Document Dump
(DBN)

Trump Wanted to Get Rid of the Law His Allies Have Accused Joe Biden of Violating: Book
(DBN)

Almost 40% of the world’s countries will witness civil unrest in 2020, research claims
(DBN)

Sanders climbs and is now tied with Biden among registered voters, Reuters poll shows
(DBN)

Sanders-Warren rift highlights liberal divide: purity versus pragmatism
(DBN)

Three Fiscal Takeaways from the Democratic Presidential Debate
(DBN)

Decoding the Body Language of That Warren-Sanders Standoff A '#NeverWarren' hashtag portended a Democratic squabble. Data showed otherwise Sanders-Warren: An Alliance, if Not a Close Friendship, Suddenly Fractures
(DBN)

Where Christian evangelicals worship Trump more than Jesus – key voters stay loyal to president
(DBN)

It's not just Trump. Governors are keeping their businesses while in office, too.
(DBN)

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Aviation:

Southwest Pulls Max From Flights Until June, Joining U.S. Rivals
(DBN)

How Boeing Lost Its Way
(DBN)

DOT panel calls for more oversight after review of Boeing 737 Max approval
(DBN)

FAA's assumptions in Boeing 737 Max approval faulted by experts
(DBN)

Boeing Is Way Behind Airbus in Talks for China’s Next Big Order
(DBN)

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Climate:

‘Urgent’ need for businesses to adapt to growing threat from climate change, McKinsey says
(DBN)

Majority of Australians Unhappy With Environmental Efforts
(DBN)

Bloomberg Proposes ‘Fire Corps,’ Double U.S. Wildfire Spending
(DBN)

Texas commuters have the highest climate impact
(DBN)

Capitalism is ‘in jeopardy’ if business does not act on climate change: Microsoft CEO Satya Nadella
(DBN)

Davos Elite Take On Climate With Greta’s Help
(DBN)

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Economy:

Philly Fed Manufacturing Suggests Activity Increased in January
(DBN)

‘American Exceptionalism’ Fades for Now as U.S. Growth Weakens
(DBN)

UBS: Fed may cut rate three times in 2020
(DBN)

Trump Plans to Nominate Shelton, Waller to Federal Reserve Board Trump to Nominate a Critic to Fed Board
(DBN)

U.S. Consumer Comfort Reaches Highest Level in More Than 19 Years Consumer confidence nears a record high in the U.S., but dips in China and Europe
(DBN)

Retail Sales increased 0.3% in December Retail sales climb for third straight month in December
(DBN)

Weekly Initial Unemployment Claims Decrease to 204,000
(DBN)

Fed GDP Now latest forecast: 1.8 percent
(DBN)

Finance Professionals Split on Potential Economic Recession, Finds TD Bank Survey
(DBN)

If Fed keeps rates unchanged, this ‘policy error’ could lead to recession in the US toward late 2020
(DBN)

Working 9 to 5: Women make up more of the workforce
(DBN)

Banks That Shun Risky Borrowers Offer Rosy View of U.S. Consumer
(DBN)

EU Calls Trump Trade Tactics Short-Sighted, Focused on Election Europe Scrambles to Fight Off Threat of U.S. Tariffs on France
(DBN)

Senate passes new North American trade deal, sending it to Trump NAFTA rewrite gets final OK in Congress, giving Trump back-to-back trade deals to tout Many ‘No’ Votes on Trump’s Trade Deal Came From Presidential Hopefuls
(DBN)

The trade war is still on. Consider this a fragile truce Trade Deal Is a Real Buzz Kill for the U.S.’s Top Soy Rival 'Will you say, "Thank you, Mr. President" at least? Huh?' — Trump said some wild stuff to corporate bosses after signing the China trade deal ‘Unrealistically high:’ Experts doubt China can fulfill its targets in ‘Phase One’ of the U.S. trade deal US-China trade pact President Trump just signed fails to resolve 3 fundamental issues Trump's trade deal with China left out some of the very issues that started the tariff war "Phase one" trade deal could spur Chinese purchases of U.S. energy The next China trade battle could be over electric cars Mnuchin says China trade war ‘absolutely’ worth it even if a phase one deal is all the US gets Europe threatens legal challenge to U.S.-China trade deal at WTO Jury Still Out As U.S. China Trade War Throws Up Winners, Losers Consumer confidence readings hint China was harder hit than US leading up to 'phase one' trade deal China to stick to ‘phase one’ commitments, holding trade deal through US election, analyst says China Weathers Trump Tariff Barrage as Policy Makers Hold Nerve
(DBN)

Trump keeping promises made to manufacturers: NAM president
(DBN)

Consumers around the world are confident despite fragile global economy, data shows
(DBN)

CEOs got a pass in 2019, but they need to grow profits soon
(DBN)

Treasury Inspector General Probes Possible Trump Tax Break Abuses
(DBN)

Trump tax cut hands $32 billion windfall to America’s top banks
(DBN)

Japan Widens Lead Over China as Top Foreign Holder of Treasuries
(DBN)

Dalio, Dimon and 117 Other Billionaires Set to Descend on Davos
(DBN)

Disney heiress slams family business, says workers are at risk of ‘a death spiral’
(DBN)

America is Weaponizing Its Currency and Financial System
(DBN)

Hotels: Occupancy Rate Decreases Year-over-year
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

U.S. Homebuilder Sentiment Posts Best Two Months Since 1999 NAHB: Builder Confidence Decreased to 75 in January
(DBN)

WeWork’s leasing activity plunged 93% in the fourth quarter after failed IPO attempt
(DBN)

Mortgage rates inch forward to 3.65%
(DBN)

Housing market challenged by a dearth of construction workers
(DBN)

Fewer U.S. homeowners moved in 2019 than ever before
(DBN)

Teen who lost both parents threatened with eviction from grandparents’ home in over 55s community
(DBN)

Half of New NYC Condos Still Unsold
(DBN)

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Municipalities:

Trump Administration Places Prohibitive Restrictions On Disaster Relief for Puerto Rico Trump admin restricts Puerto Rico disaster relief funds as earthquakes persist Trump Administration Releases Puerto Rico Aid, With Strings Attached Under Mounting Pressure, Trump Administration Finally Releases Disaster Aid to Puerto Rico Trump Attaches Severe Restrictions to Puerto Rico’s Long-Delayed Disaster Aid Democrats blast Trump restrictions on Puerto Rico disaster funds
(DBN)

Americans Have Never Cared About Puerto Rico
(DBN)

Puerto Rico Retirees Could Face 8.5% Cut to Pensions, in Latest Blow for Island
(DBN)

Trump Drops Another Shoe On Puerto Rico
(DBN)

De Blasio Seeks to Limit NYC Spending With State Facing Deficit
(DBN)

____________

Oil/Gas:

Despite Sabine, Texas Bankruptcy Court finds that certain midstream gathering agreements cannot be rejected
(DBN)

Massive oil refinery leaks toxic chemical in the middle of Philadelphia Toxic refinery leaks imperiled Philadelphia residents
(DBN)

Houston energy co. rolls midstream subsidiary into bankruptcy, completes auction
(DBN)

Gas and coal fading as wind and solar grow
(DBN)

Will The Permian Peak This Year?
(DBN)

____________

Retailing:

U.S. retail sales post solid advance to close out moderate 2019 Holiday sales climb 4.1%, retail industry trade group says, on the higher end of estimates
(DBN)

Americans Hit Fresh Milestone in 2019 in Buying Stuff Online
(DBN)

Barneys Workers Feel Used as They March Store Toward Death
(DBN)

Payless is staging a comeback less than a year after closing all its US stores in one of the largest retail liquidations in history Payless ShoeSource exits bankruptcy; hints at U.S. comeback Payless is out of bankruptcy — again — as it eyes US market Payless is emerging from bankruptcy. But it's not coming back to the United States anytime soon Payless emerges from bankruptcy with US growth plan, store reopenings Payless emerges from bankruptcy with new executive team
(DBN)

Target gets brutal reminder of turnaround’s challenges from weak holiday season
(DBN)

How American Apparel is trying to make a comeback after two bankruptcies
(DBN)

Bose to close all US stores Bose is closing more than 100 stores worldwide
(DBN)

Moody's warns department stores to brace for another tough year
(DBN)

Sears woes continues as the retailer struggles to pay bankruptcy costs
(DBN)

The Rising Tides Of Buy Now, Pay Later And Flexible Ownership
(DBN)

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Personal Finance:

15 best states to retire with a low cost of living
(DBN)

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Football:

Americans Love the NFL, But Change Is Looming
(DBN)

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Travel:

Checking your bag on JetBlue is about to get more expensive
(DBN)

TSA caught record number of guns in carry-ons in 2019
(DBN)

America's Worst Airline is American
(DBN)

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Food/Beverage:

Teamsters Union Drops Objection To NORPAC Sale
(DBN)

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Agribusiness:

Trump Bailout Means Farmers Emerge Optimistic From Trade War
(DBN)

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Religion:

Texas diocese fighting lawsuit from deacon on list of accused abusers
(DBN)

Archdiocese commission accuses 14 Southcentral Alaska clergy and church employees of sexual abuse Nearly 60 years of abuse: Sexual misconduct uncovered in Alaska archdiocese review
(DBN)

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Fraud:

Carlos Beltran Out as Mets Manager in Expanding Sign-Stealing Scandal
(DBN)

"Send me a 50k check": College admissions scam emails released 7H AGO
(DBN)

Evidence Not Looking Good for USC Mom
(DBN)

____________

Hedge Funds:

Star Commodity Hedge Fund Lost 51% in 2019
(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 (16 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (18 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)

______________

Avoidance Actions:

No Futility Exception: Where Transferee is on “Inquiry Notice,” No Good Faith Defense to Fraudulent Transfer Clawback Absent Inquiry
(DBN)

Fraudulent Transfer’s Good Faith Defense: A Futility Exception to Investigation?
(DBN)

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Litigation:

Disclosure of Litigation Funding in Bankruptcy Cases
(DBN)

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Bankruptcy Reform:

Recent and Upcoming Changes to Bankruptcy Law That Affect Your Rights as a Creditor
(DBN)

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Automatic Stay:

U.S. Supreme Court Rules that Order Granting or Denying Request for Relief from Automatic Stay is Final Order that is Immediately Appealable
(DBN)

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Utilities:

Why FEMA is fighting for money set aside for California fire victims
(DBN)

PG&E Judge Demands Details on Potential Wildfire Payout Conflict
(DBN)

PG&E Bonds Hit Three-Month High on Settlement Talks
(DBN)

PG&E says talks with Newsom will likely lead to governance changes
(DBN)

Judge threatens to force PG&E to hire more tree trimmers
(DBN)

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Trucking:

Judge Puts Brakes On Celadon's Hyndman Asset Sales, Swift Exit From Canada
(DBN)

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Student Debt:

Bankruptcy Court Rejects Brunner “Myth” and Discharges $220K in Student Loan Debt
(DBN)

Student loan debt is over $1.6 trillion and hardly anyone is paying down their loans
(DBN)

Elizabeth Warren’s ambitious plan to bypass Congress and erase America’s student debt, explained
(DBN)

Where They Stand: 2020 Presidential Candidates On Student Debt, College Costs
(DBN)

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Religion:

Why the split in the Methodist Church should set off alarm bells for Americans
(DBN)

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E-Cigarettes:

CDC confirms 2,668 hospital cases of lung injury linked to vaping 60 reported dead from vaping-related lung illness
(DBN)

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Healthcare:

Judge: No turning back Yakima hospital closure
(DBN)

Judge gives tentative okay for sale of troubled Plymouth hospital
(DBN)

Reva Medical files for bankruptcy under hefty debt load Summary: New Chapter 11 Bankruptcy Filing - REVA Medical Inc.
(DBN)

Most cancer survivors suffer financial hardships
(DBN)

The Problem With Health Care ‘Choice’
(DBN)

Top Global Causes of Death
(DBN)

Former nursing home operator pleads guilty to stealing more than $4M from employee pension, health accounts
(DBN)

Private insurance is health care's pot of gold
(DBN)

____________

Pharma:

Insys exec gets 33 months in fentanyl spray scam
(DBN)

Insys Wins Court Approval Of Bankruptcy Plan
(DBN)

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Mass Torts:

EPA is now allowing asbestos back into manufacturing
(DBN)

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Autos:

Tesla slumps on Morgan Stanley downgrade
(DBN)

Ghosn's Lawyers Hit Back at Nissan Claims
(DBN)

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UK:

Why the U.K. is bailing out regional airline Flybe when it’s let others fail Flybe Rescue Is Said to Include U.K. Subsidies for Some Routes
(DBN)

U.K. Retail Sales Extend Worst Run on Record 
(DBN)

What is the “key” to validly appointing administrators?
(DBN)

Royal Money
(DBN)

Small businesses twice as likely to predict sales growth than cost-cutting for 2020
(DBN)

Flybe co-owner Stobart links airline's financial woes to EU 'delay'
(DBN)

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PIIGS:

The Greek Debt Crisis: No easy way out
(DBN)

Autostrade CEO says the toll-road firm will go bankrupt if concession revoked - media
(DBN)

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Argentina:

Argentine Who Battled Billionaire Paul Singer Takes On Creditors Once Again
(DBN)

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Sweden:

Sweden Cuts Economic Outlook and Forecasts Negative Rates
(DBN)

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Germany:

Private equity "plague" descends on Germany's elevator industry
(DBN)

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China:

China Opens Door to Riches From Bad Debt Cleanup With Trade Deal
(DBN)

Deutsche Bank Sees ‘Distressed Debt Cycle’ Beginning in China
(DBN)

Delayed China Bond Rescue Spurs Questions About White Knight
(DBN)

China's economy grew 6% in fourth quarter as demand stabilized
(DBN)

China Has a Big Economic Problem, and It Isn’t the Trade War
(DBN)

____________

Zimbabwe:

‘Debt forgiveness crucial for Zim’
(DBN)

____________

India:

Bankrupt Jet Airways to Sell Netherlands Business to KLM Royal Dutch Airlines
(DBN)

Franklin Cuts Vodafone Idea’s Debt Value to Zero on Court Snub
(DBN)

India’s Banks Face Risk From $13 Billion Telecom Dues, UBS Says
(DBN)

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MENA:

Iran’s supreme leader calls Trump a ‘clown’ who will betray Iranians with a ‘poisonous dagger’
(DBN)

11 U.S. troops were injured in Iran missile attack on Iraq bases, reports say
(DBN)

____________

France:

Casino Plunges After Bondholders Reject Rallye’s Plan
(DBN)

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Hong Kong:

A welcome red packet – Hong Kong court recognizes mainland Chinese administrators for first time
(DBN)

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