January 22, 2020

The Daily Bankruptcy News

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Law:

Baker McKenzie Is Tops Again in Global Legal Brand Rankings
(DBN)

Too big too soon: How LeClairRyan went under
(DBN)

Under California's new privacy law, firms are disclosing too little data - or far too much
(DBN)

Law office employee is accused of stabbing manager over accounting mistake
(DBN)

An 80s Prom King Costume, Designer Clothes and a Gold Pinkie Ring: Former Morrison & Foerster Employee Accused of Misusing Firm's Credit Card
(DBN)

Ex-Freshfields Partner Accused of Lying to Avoid Cum-Ex Bill
(DBN)

Authorities Have Thrown Michael Avenatti In The Hole — Attorney Asks To Move Him To Gen Pop Defense Lawyer Reveals Avenatti Is Being Held in El Chapo's Cell at Jail Where Epstein Died Michael Avenatti Held in El Chapo’s Old Cell for His Safety, U.S. Says
(DBN)

Experts question Trump's claim that abuse of power is non-impeachable Experts are baffled by Trump's central impeachment defense that the president can't be removed from office for abuse of power Trump lawyer Dershowitz acknowledges many disagree with his take on ‘high crimes and misdemeanors’ No Crime, No Impeachment Not a Defense One of Trump’s Lawyers Called the Other Dangerous
(DBN)

2018: When Bill Barr Pushed Abuse of Power
(DBN)

Dershowitz Argument: Trump Could Let Putin Take Alaska. No Harm, No Foul
(DBN)

Trump’s Lawyers Should Be Ashamed of Themselves
(DBN)

Pat Cipollone Called Out for 'Brazen, Disgraceful, and Shameful Lie' About Impeachment Investigation
(DBN)

The Problem with Democrats' Demands of White House Counsel Pat Cipollone
(DBN)

Now That The Jury’s Picked, What To Expect In The Harvey Weinstein Trial 'Loving' emails' are Weinstein's defense: Lawyer Harvey Weinstein defense team can cite 'loving emails' from accusers in opening statements, judge rules Harvey Weinstein Can Tell Jury That Women ‘Bragged’ About Sex With Him Harvey Weinstein's Dark Days
(DBN)

Alleged Epstein victim recalls harrowing private island details: "He had a gun strapped to his bedpost"
(DBN)

$11 Billion And Counting: Trump's Border Wall Would Be The World's Most Costly Protesters Flood Boston Airport After CBP Allegedly Detains Iranian Student With Visa and Tries to Deport Him
(DBN)

For Years, Utah's LGBTQ Children Were Subjected to Conversion Therapy. That's about to End
(DBN)

Democrats reject bills to expand firearms rights one day after huge gun rights rally
(DBN)

Muslim Advocates Call New Travel Ban 'Cowardly and Reckless' Effort to 'Distract the Country,' Sow Hate
(DBN)

Do state laws on abortion reflect public opinion? Most Americans want abortion to remain legal, but back some state restrictions
(DBN)

Two people in wheelchairs wanted to buy a train ticket. Amtrak tried to charge them $25,000
(DBN)

Amtrak apologizes after Sherrilyn Ifill says conductor asked her to give up her train seat
(DBN)

AI can help find illegal opioid sellers online. And wildlife traffickers. And counterfeits
(DBN)

Convicted murderer who presented evidence of his lawyer’s racist views wins 9th Circuit appeal
(DBN)

Dad tackled son's opponent during wrestling match
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Judges:

BK PR: Notice for Reappointment of a Bankruptcy Judge
(DBN)

Supreme Court Clerk Hiring Watch: The Complete Clerk Roster For October Term 2019
(DBN)

How much power does Chief Justice Roberts have in the impeachment trial? John Roberts Finally Gets His Day as Umpire For One Roberts Clerk, Trump's Impeachment Trial Will Be Part of Experience Chief Justice Roberts admonishes impeachment lawyers, telling them to 'remember where they are'
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Wall Street:

Dow set to rise more than 100 points, led by strong IBM earnings
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Dow falls more than 100 points amid first US case of coronavirus, big decline in Boeing
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This is how far and fast the coronavirus has spread through U.S. stocks
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Paul Tudor Jones says this ‘crazy’ stock market run reminds him a lot of early ’99
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Layoffs:

Citigroup CEO Says Many Branch Jobs Are Still Safe From Machines
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NJ is 1st state to mandate severance pay for mass layoffs
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Retailing:

The rise and fall of Bed Bath & Beyond, one of America's most iconic big box retailers
(DBN)

These retailers could be winners as Pier 1 shuts 50% of its stores
(DBN)

My Fond Farewell To Barneys: Reflections From An Insider
(DBN)

Brick And Mortar Is Not Dead: Retail Real Estate Persists
(DBN)

Fairway planning to file for Chapter 7 bankruptcy, close all its stores: report
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Politics:

How Mitch McConnell's proposed Senate trial will work Roberts Admonishes House Managers and Trump Lawyers In first big vote of Senate trial, Republicans kill Democratic effort to subpoena White House records Senate approves impeachment trial rules, rejecting witnesses McConnell backs off, abruptly eases impeachment trial limits Senate Democrats privately weigh witness gambit: Bolton for Biden The nihilism of Mitch McConnell McConnell's Cynically Machiavellian Moves Pelosi slams McConnell trial rules as "deliberately designed to hide the truth" Mitch McConnell's Potemkin Trial This is how quickly Trump’s impeachment trial could wrap up Trump Impeachment Trial Opens With Senate Battling Over Rules Senate Democrats win 2 key changes to Trump impeachment trial rules White House urges swift Senate acquittal of Trump in 'rigged' impeachment What to expect at Trump’s Senate impeachment trial Trump team, Senate GOP make backup plans in case witnesses are called White House may assert executive privilege to block Bolton testimony, Republicans say Trump Limps Into Fast-Track Trial With GOP Senate in His Corner Democrats argue Trump brief "lacks a legitimate defense of his misconduct" 5 Republican senators to watch as the impeachment trial gets underway The key to understanding President Trump's impeachment trial Dershowitz calls CNN questioners 'bullies' as they ask why he reversed his thinking on impeachment Bloomberg shifts presidential ad campaign to focus on impeachment Democrats increase the pressure on Susan Collins as Senate impeachment trial begins Senators prepare for spirited debate over rules governing Trump's impeachment trial Asked why Trump's schedule had no MLK events, Conway says impeachment goes against King's ideals Far from Senate, Biden still navigates impeachment politics The latest impeachment polling reflects America’s deep polarization Noam Chomsky Torches Democrats’ Narrow Trump Impeachment: ‘A Tragedy’ That ‘May Send Him Back to Office’ Impeachment is a race to the bottom, and no one really wins Cipollone falsely claims Republicans were barred from impeachment depositions AP Fact Check: Trump defense misrepresents Mueller findings
(DBN)

Giuliani Suggests Marie Yovanovitch Unlawfully Surveilled Him, Sean Hannity, and Trump Jr. Lev Parnas Attorney Shares Video of Mike Pence With Indicted Giuliani Associate After VP Denies Knowing Him
(DBN)

Sacramento Bee Slams Devin Nunes
(DBN)

Top 2020 candidates are stuck in Washington because of the impeachment trial  Surrogates Take Center Stage as Senators Watch Impeachment Trial
(DBN)

Obstruction still isn't exoneration, no matter what Trump may argue
(DBN)

‘Nobody likes him’: Hillary Clinton rips Bernie Sanders, accuses him of supporting sexist attacks Hillary Clinton skewers Sanders in documentary Bernie Sanders Fans Slam Hillary Clinton After She Says ‘Nobody Likes Him’
(DBN)

Sanders declines to ask group to reveal donors
(DBN)

Tucker Carlson: Bernie Sanders capable of taking 'many thousands' of Trump voters
(DBN)

Sanders apologizes to Biden for supporter's op-ed alleging corruption
(DBN)

Gallup: Trump Third Year Sets New Standard for Party Polarization As Senate Trial Begins, 44% Approve of Trump
(DBN)

Warren wants task force to investigate Trump administration Warren pledges to start DOJ task force to probe Trump corruption
(DBN)

'This is cheap s---! Who told you to buy this?': Trump went apoplectic against a hotel executive for installing cheap marble that he chose himself
(DBN)

Vulnerable House Democrats unite to try and flip more House seats in Trump country
(DBN)

Worker fatally stabs Trump-loving boss in fight
(DBN)

Trump Pushed for a Sweetheart Tax Deal on His First Hotel. It’s Cost New York City $410,068,399 and Counting.
(DBN)

Finally, a novel that captures the inanity of the Trump era
(DBN)

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Economy:

White House top economic advisor Larry Kudlow says economic growth will beat 3% this year
(DBN)

Trump Blames the Fed for Everything Trump says GDP would be near 4% and the Dow would be soaring if it weren’t for the Fed
(DBN)

'Who the hell cares about the budget?': Trump tears into critics of mounting federal spending and debt under his watch
(DBN)

Jamie Dimon says his one big worry is negative interest rates
(DBN)

IMF finds new reasons to worry about the global economy
(DBN)

All of the World’s Wealth in One Visualization
(DBN)

Visualizing the Biggest Risks to the Global Economy in 2020
(DBN)

Retired Workers and the Overall Labor Force Participation Rate
(DBN)

Trump gave a rambling speech at the World Economic Forum without mentioning the elephant in the room: his impeachment A ‘pre-election speech’: Attendees react to Trump’s Davos address Trump keeps delivering wins for the Davos crowd Mnuchin Hits Sanders, Warren in Davos Remarks FactCheck: Trump at Davos Davos by the Numbers: 309 Private Jets With his mind on impeachment, Trump prepares to wrap up Davos visit with foreign policy focus
(DBN)

Patriotic Millionaires’ letter to Davos calls for ‘higher and fairer’ taxes on the global elite
(DBN)

Davos Seeks a Better World, but Who's Going to Pay for It?
(DBN)

Carlyle’s David Rubenstein: Trump ‘policies seem to be working’ to boost the US economy
(DBN)

Leaders at Davos doubt China, US will reach a phase 2 trade deal by the end of Trump’s term EU Seen Losing $11 Billion in China Exports After Phase-One Deal
(DBN)

Trump sees ‘big trade deal’ with EU, repeats auto tariff threat BAE Chairman Carr Sees Room for Optimism on EU, U.S. Trade Deals Trump says he'll weigh Europe auto tariffs without trade deal Trump threatens Europe with fresh tariffs in Davos, deepening a rift with longtime U.S. allies White House angers GOP senator with executive privilege claim on car tariff report
(DBN)

Swiss police reportedly believe Russian spies posed as plumbers to bug Davos
(DBN)

The 2020 election has supplanted the trade war as the biggest risk for stocks, survey shows
(DBN)

Houston Is Now Less Affordable Than New York City Rent and Ride - Affordability is About Both
(DBN)

Guggenheim says market a ‘ponzi scheme’ that must collapse
(DBN)

The Five Billionaires Who Have Gained The Most Since Trump Became President
(DBN)

Today’s Good Times Conceal Lurking Economic Troubles
(DBN)

"Chemical Activity Barometer Rose in January"
(DBN)

Trump says Elon Musk is like Thomas Edison: ‘He’s one of our great geniuses’
(DBN)

US Debt Clock
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World Debt Clock
(DBN)

How People Really Live
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Real Estate:

Housing market falling short by nearly 4 million homes as demand grows
(DBN)

Tons of New Apartments Are Being Built That Almost No One Can Afford
(DBN)

Weekly mortgage applications pull back slightly after strong start to 2020 MBA: Mortgage Applications Decreased in Latest Weekly Survey
(DBN)

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Municipalities:

After Teen Girl Dies of Flu, Puerto Ricans Demand Hospital Destroyed by Hurricane María Be Rebuilt
(DBN)

SCOTUS won't take case prompted by Flint crisis SCOTUS: Flint Citizens Can Sue Over Water
(DBN)

Detroit's Future Hangs on a Train Station
(DBN)

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Oil/Gas:

U.S. Shale Has Already Peaked for Drillers Like Halliburton
(DBN)

McDermott Files In BK SD TX - First Day Dec McDermott Files For Bankruptcy, Plans to Sell Lummus Unit Expert: McDermott’s pre-packaged bankruptcy expected to be ‘seamless’ McDermott Will Seek Bankruptcy, Enters Pact to Sell Lummus Unit McDermott reaches creditors’ deal, will file for Chapter 11 McDermott bankruptcy could affect SETX projects
(DBN)

Chicago-based Hilco Redevelopment Partners expected to be new PES refinery owner
(DBN)

Big Oil Wants Wastewater Dump in US Rivers
(DBN)

Halliburton Lost $1.1 Billion in 2019
(DBN)

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Climate:

Greta Thunberg says world leaders are running out of time to tackle climate emergency Greta Thunberg calls for climate action in Davos, as Trump lashes out at 'prophets of doom' Trump, climate change icon Greta Thunberg lay out starkly different visions Davos: Trump vs. Thunberg
(DBN)

Trump Drops Climate Bomb on Davos
(DBN)

Trump Commits US to Tree Initiative
(DBN)

Climate May be the Next Financial Crisis
(DBN)

Amid Australia's raging bush fires, simply breathing hurts your throat
(DBN)

The RBA could buy Australia's coal mines and dirty power plants as a last resort to save the environment and the economy
(DBN)

Wildfire Smoke Sparks Worries for Some Australian Wine Growers
(DBN)

Australian Finance Minister Sees Link From Climate Change to Bushfires
(DBN)

Plagues of extreme weather descend on Australia, with destructive hail, dust storms and flooding
(DBN)

Youth lawsuit dismissal shows challenge of using courts to tackle climate change
(DBN)

Companies Must Step Up to Tackle Climate Change, Says Larry Fink
(DBN)

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Aviation:

Boeing doesn’t expect regulators to sign off on 737 Max until June or July
(DBN)

Trump calls Boeing ‘a very disappointing company’ as 737 Max crisis grows
(DBN)

Boeing has officially stopped making 737 Max airplanes
(DBN)

United Airlines profits surge nearly 40% on cheaper fuel and strong demand
(DBN)

Bankruptcy court schedules OneJet asset sale
(DBN)

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Pharma:

Purdue, Creditors Ask To Keep Stay On Insurance Arbitration
(DBN)

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Student Debt:

Bankruptcy Court Discharges Student Loan Debt
(DBN)

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Food/Beverage:

Southern burger chain Krystal files for bankruptcy Here are all the reasons why Krystal just went bankrupt
(DBN)

Baltimore: Jimmy's Restaurant auction halted as business files for bankruptcy
(DBN)

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Agribusiness:

Trump Promises Farmer More Money
(DBN)

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Mass Torts:

Nassar survivors ask court to dismiss USA Gymnastics bankruptcy case
(DBN)

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Coal:

Wyoming, Montana seek Supreme Court ruling on coal exports
(DBN)

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New Bankruptcy Opinions
(4 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Chapter 7, 12 & 13 Private Trustee Locator
(DBN)

Recent Ch. 11 Filings (148 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (19 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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Cross-Border:

Keeping Up with the Joneses: In Bold Cross-border Move, the DIFC Enacts New Insolvency Law
(DBN)

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Estoppel:

Establishing Judicial Estoppel Defense Against Bankruptcy Plaintiff Just Became Harder
(DBN)

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Mediation:

When a Case is “Ripe” for Early Mediation
(DBN)

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Avoidance Actions:

Second Circuit Paves a Way to Protect LBO Payments from Avoidance Actions
(DBN)

Recovery of Avoided Transfers: Section 550 Run Amok (Again)?
(DBN)

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Appeals:

More Clarity on What Constitutes a Final, Appealable Order in Bankruptcy After Ritzen Group Inc. v. Jackson Masonry, LLC
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Healthcare:

Washington lawmakers look to reduce hospital closure impact
(DBN)

This map shows where China's mysterious, deadly Wuhan virus has spread across Asia, as a 6th death is confirmed Nine dead as Chinese coronavirus spreads, despite efforts to contain it US airline stocks fall on coronavirus fears CDC confirms first US case of coronavirus that has killed 6 in China Chinese scientists recommend quarantine of Wuhan to contain virus China says coronavirus that has killed 6 can spread between people. Here’s what we know China’s hypercontagious coronavirus has experts worried it could hurt the economy What we know about the coronavirus spreading in China and elsewhere Chinese officials urge people not to travel in and out of city at center of virus outbreak A SARS-like virus is spreading quickly in Asia. Here’s what you need to know WHO to decide whether China coronavirus is a global health emergency — Here’s what that means U.S. screenings for coronavirus expand to airports in Atlanta and Chicago Trump says he trusts China’s Xi on coronavirus and the US has it ‘totally under control’ here
(DBN)

Supreme Court refuses to fast-track a challenge to the Affordable Care Act
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Utilities:

Burying PG&E’s Lines to Stop Fires Could Cost $240 Billion
(DBN)

Claims by PG&E Wildfire Victims Reach 80,000
(DBN)

Wildfire-related bills debated in Senate Appropriations Committee
(DBN)

Judge Wants Bankrupt PG&E to Pay $44 Million Fine
(DBN)

Midwest utility Evergy stands by business plan as Elliott challenges
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Telecoms:

Details of Frontier's possible bankruptcy plans sought by Kanawha Commission
(DBN)

Frontier issues statement in wake of report that it's planning bankruptcy
(DBN)

Frontier Communications spins towards a mid-March bankruptcy filing—report
(DBN)

Windstream adds 1,000 long-haul fiber miles; gets approval for executive bonuses
(DBN)

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Fraud:

Goldman Sachs Takes A $1 Billion Hit Due To Ex-Hip Hop Banker
(DBN)

Convicted Hedge Fund Fraudster Now Also Accused Crypto Fraudster
(DBN)

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Autos:

Ghosn predicted Nissan will go bankrupt by 2022, lawyer says
(DBN)

The recession in global car sales shows no sign of ending
(DBN)

Trump administration won't turn over auto import probe report, defying Congress
(DBN)

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Tech:

Judge Dismisses Defunct Startup Sidecar's 2018 Lawsuit Against Uber
(DBN)

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Sovereigns:

Dimon says the only financial market bubble out there right now is in sovereign debt
(DBN)

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UK:

British job growth strongest in nearly a year
(DBN)

Setback for Boris Johnson as Lords amend Brexit bill
(DBN)

Prince Harry joins Meghan in Canada, without the half-in, half-out royal deal they wanted Harry And Meghan Threaten Another Media Lawsuit Days After Move To Canada
(DBN)

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PIIGS:

Greece Plans to Scrap Primary Residence Protection, Introduce Individual Bankruptcy
(DBN)

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Canada:

Cash-strapped rural Alberta 'can't wring money' from struggling oil and gas firms, premier says
(DBN)

Premier says rural municipalities have legal recourse for unpaid oil and gas property taxes
(DBN)

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MENA:

Saudi Arabia runs squalid, abusive jails for women disowned by their male guardians — a forgotten chapter in its rush to champion women's rights
(DBN)

Saudi Crown Prince Hacked Jeff Bezos
(DBN)

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Venezuela:

Venezuela reportedly has less than $1 billion in cash, which is less than rapper Jay-Z's net worth
(DBN)

Trump administration increases pressure on Maduro regime with new sanctions
(DBN)

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Argentina:

Argentine Governor Rattles Markets With Plans to Delay Bond Payment
(DBN)

Argentina to Send Debt Bill to Congress Ahead of Talks
(DBN)

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India:

Bankruptcy board set to tackle group insolvency
(DBN)

Telecom crisis may leave long lasting scars on Indian economy; 5G might get delayed too A $21 billion telecom war comes down to $2
(DBN)

Credit risks to remain high in India's financial sector in 2020, says S&P
(DBN)

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South Africa:

South African Airways cancels flights in fight for survival
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