January 24, 2020

The Daily Bankruptcy News

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Law:

Biglaw Partner Accused Of Harassment Comes Out Swinging
(DBN)

Oh, That’s Right! Bunches Of Biglaw Firms Still Haven’t Announced Bonuses.
(DBN)

Reed Smith to pay 2,000 hour juniors a £25k bonus
(DBN)

Shearman Plans to Stay in Midtown Offices, Signs 20-Year Lease
(DBN)

Michael Sovern, legal scholar and unifying force at Columbia University, dies at 88
(DBN)

Millennial Lawyers Demand Mobility. Are Law Firms Ready to Provide It?
(DBN)

Law School Dean Considers Punishing Students For Offending Donald Trump’s Cabinet Just Because A Few Kids Are Dead
(DBN)

This Is A Very Popular Law School
(DBN)

Former BigLaw office manager is accused of using firm’s credit card for spending spree of over $400K MoFo manager accused of stealing $400k to buy Air Jordans and gold chains
(DBN)

Lawyer Jose Baez sues ex-client Rose McGowan over her claims of plea pressure, Weinstein ‘shadiness’
(DBN)

Michael Flynn’s Choose Your Own Adventure Sentencing Motion
(DBN)

Trump's legal team contradicts DOJ position on subpoenas, House lawyers tell appeals court
(DBN)

Impeachment Trial Without Witnesses is Unconstitutional Trump schools the Senate on the exercise of power
(DBN)

Trump ally Roger Stone shouldn’t go to prison, says comedian who testified against GOP trickster
(DBN)

Mysterious Redactions Appear in Warden’s Letter Expressing Concern for Avenatti’s Safety Jury to Hear About Michael Avenatti's Debts, Stormy Daniels Case in Nike Extortion Trial
(DBN)

Annabella Sciorra Testifies Harvey Weinstein Once Sent Her Care Package Full of Chocolate P------ `Sopranos’ actress says Weinstein raped her in the mid-1990s Weinstein Prosecutors: Rosie Perez Should Be Allowed To Testify About Annabella Sciorra Rape Claims Why didn’t accusers abandon Weinstein? Expert to weigh in
(DBN)

Bank called police when bias lawsuit plaintiff tried to deposit his settlement checks, lawsuit says
(DBN)

What’s all this I hear about lawyer lawsuits? Trump lawyer Sekulow may have misheard ‘FOIA lawsuits’
(DBN)

Now on Trump's team, Dershowitz says, 'I haven't changed'
(DBN)

Lawyers On Donald Trump’s Impeachment Trial: We’re Just Here To Be Pedantic
(DBN)

Samantha Bee Hilariously Slams Impeachment Legal Team
(DBN)

Mexican guardsmen break up migrant caravan along highway Some see end to caravans as Mexican guardsmen stop migrants Migrant parents deported without their children make historic return to the U.S. In a lawless stretch of Mexico, child soldiers as young as 6 are being drafted to fight crime
(DBN)

Aaron Hernandez’s Attorney Really Doesn’t Like The New Documentary About Aaron Hernandez
(DBN)

Michelle Carter, Convicted for Telling Conrad Roy to Take His Own Life, Released from Prison Early
(DBN)

Miami PD suspends white officer who begins identifying as 'black'
(DBN)

Virginia’s historic gun control fight, explained
(DBN)

He settled a discrimination case, but was profiled while trying to cash the checks, lawsuit says
(DBN)

Firm of the Year 2020 results reveal most lawyers are...happy
(DBN)

Slater and Gordon is the Golden Turd
(DBN)

Well-known lawyer appears as live sex cam model
(DBN)

Ashurst repays underpaid Oz lawyers
(DBN)

Student will be barred from graduation unless he cuts his dreadlocks, school says
(DBN)

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Judges:

Judge’s home allegedly burglarized by man previously in his courtroom
(DBN)

Kavanaugh: No Tax Break for Religious Scholarships Is 'Grotesque Religious Bigotry Against Catholics'
(DBN)

May federal judges be members of the ABA or the Federalist Society? Draft ethics opinion says yes and no
(DBN)

Administration Takes A Dump On Federal Court Order, Judge Responds With ‘Aw, You Got Us!’
(DBN)

Mike Lee Is Pissed Off At Chief Justice Roberts’s Sense Of Decorum
(DBN)

Judge made rape complainant testify in public to preserve his court's 'feng shui'
(DBN)

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Wall Street:

US futures point to higher open on Wall Street
(DBN)

Stocks erase losses, S&P, Nasdaq close in the green Nasdaq edges to record finish as stocks bounce back from earlier losses
(DBN)

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Layoffs:

23andMe laid off 100 employees due to slowing DNA kit sales
(DBN)

Waymo Bring Self Driving Trucks to Texas
(DBN)

Uber Bringing Self Driving Cars to DC
(DBN)

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Pharma:

Insys founder John Kapoor sentenced to 5 1/2 years for orchestrating opioid scheme 'One of the central players': Insys founder jailed over opioid fraud
(DBN)

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Healthcare:

America's lone Wuhan coronavirus patient is being isolated in a tiny room and treated by a robot as doctors try to prevent the outbreak China Puts 13 Cities on Lockdown Over Virus 'This time I'm scared': experts fear too late for China virus lockdown As China locks down 3 cities, here’s why the mysterious coronavirus continues to spread so quickly China says 26 people have died from the coronavirus as South Korea, Japan confirm second cases China building a hospital to treat virus, expands lockdowns Travel ban halts flights between Wuhan and U.S., as airports prepare to screen passengers for coronavirus China Wuhan coronavirus: Videos show patients in plastic tubes PHOTOS: Wuhan coronavirus started in a Chinese wet market Coronavirus cases rise to more than 650 worldwide as infection spreads to new countries History shows China’s coronavirus impact on markets likely to be short-lived WHO: The coronavirus outbreak is not yet a global emergency Chinese cities cancel Lunar New Year events amid Wuhan coronavirus outbreak Inside Wuhan’s quarantine zone amid coronavirus outbreak Infected people seen 'dead in streets' in quarantined Chinese virus city Texas investigates a third potential US coronavirus case as second suspected victim is hospitalized in LA and doctors monitor sixteen people who came into contact with Patient Zero in Washington State How new coronavirus differs from SARS, measles and Ebola What we know about mysterious, pneumonia-like coronavirus spreading in China and elsewhere
(DBN)

Big Pharma's bottom line is leaving the world vulnerable to pandemics
(DBN)

US Suicide Rates Up 40% in 17 Years
(DBN)

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Fraud:

'Serial fraudster' sent to prison for scheme that gutted Duluth trucking company, defrauded owners of $730,000
(DBN)

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Environmental:

Safeguards for US Drinking Water Stripped
(DBN)

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Trucking:

Unsealed court documents reveal breach-of-contract lawsuit triggered Celadon bankruptcy
(DBN)

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Economy:

Weekly Initial Unemployment Claims Increase to 211,000
(DBN)

Rogoff on Claims Central Banks are Culprits
(DBN)

Kansas City Fed: "Tenth District Manufacturing Activity Nearly Flat in January"
(DBN)

U.S. economic activity slumped in the fourth quarter, according to data from ... Yelp
(DBN)

Trump just gave away the Republican game on Social Security and Medicare Trump Doubles Down on Saving Social Security Trump Walks Back Entitlement Threats
(DBN)

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

LA area Port Traffic Down Year-over-year in December
(DBN)

The US picked the ‘wrong time’ for a trade war with China, Hong Kong businessman says Doubts on China's Fast Purchases of Soybeans
(DBN)

Europe is Next Front in Trump's Trade War
(DBN)

Ray Dalio Busts A Rhyme In Davos
(DBN)

George Soros rips Trump and Xi, says the ‘fate of the world’ is at stake in 2020 George Soros warns Trump of potential economic doom before election
(DBN)

Trump Has Another Tax Cut Plan
(DBN)

As States Add Money to Fix Roads, U.S. Is Urged to Ante Up
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Mortgage rates fall to the lowest level in three months — but this is a double-edged sword for home buyers
(DBN)

‘It’s a warzone over here’: Homes severely damaged after massive building explosion in NW Houston
(DBN)

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Municipalities:

How Racially and Ethnically Diverse Is Your City?
(DBN)

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Oil/Gas:

PES creditors fight to reject refinery sale to Hilco: court documents
(DBN)

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Aviation:

It's time to end corporate welfare. Boeing is exhibit A for why.
(DBN)

At Boeing, growing debt and 737 Max doubts cloud quarterly earnings
(DBN)

Boeing-built DIRECTV satellite may explode in orbit... Unexpected malfunction
(DBN)

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Politics:

Democrats argue ‘right matters’ in Trump impeachment trial False and Misleading Claims at Impeachment Trial GOP warns of 'drawn out' executive privilege battle over Bolton testimony Senate Impeachment Trial: Day 3 GOP senators turn to 'fidget spinner' toys during Trump impeachment trial Democrats’ opening arguments demonstrate the overwhelming case for impeachment Democrats detail abuse-of-power charge against Trump as Republicans complain of repetitive arguments The Lindsey Graham (1999) Standard of 'High Crimes': 'Important Person Hurts Somebody of Low Means' Trump impeachment trial: Dems use Republicans’ own words against them ‘Damning Bits and Pieces of the Truth’: New Ukraine Emails Detail ‘Coverup’ to Withhold Aid ’21 Empty Seats’: More Than One-Third of GOP Senators Reportedly Left Room During Schiff’s Speech ‘Bogus’ Ukraine theory led to Trump’s abuse, Dems tell trial Mick Mulvaney becomes top Democratic impeachment target Schiff, Nadler impeachment tension spills out during trial Gaetz Praises Dems Impeachment Presentation Why impeachment was the answer to 17th-century tyranny Democrats struggle to build broad support on eve of voting Trump, Democrats keep their distance as GOP moderates face crucial impeachment votes An Impeachment Smoking Gun: The Damning Letter Trump Can’t Cover Up Trump impeachment team looks at shorter trial defense
(DBN)

Trump's reelection looks more like a long shot than a slam dunk
(DBN)

Bloomberg gets under Trump's skin as he ramps up spending on 2020 ads Trump vs. Bloomberg: Fortunes collide in pricey knife fight
(DBN)

‘Material Witness’: House Picks Fight With Pat Cipollone as Trump Goes on Trial House impeachment managers target top Trump defense attorney Cipollone, claim he is 'material witness' Calls for Pat Cipollone’s Disbarment Swell After ‘Brazen Lack of Candor’ During Impeachment Trial
(DBN)

Barr Once Contradicted Trump’s Claim That Abuse of Power Is Not Impeachable
(DBN)

‘Yeah, Isn’t That Something?’: GOP Senator Explains Why He Showed Up in Photo with Parnas Actual Giuliani Response to Lev Parnas Claim: ‘It Was a Confidential Meeting — if It Did Happen’ Rudy Giuliani threatens to go public with Biden corruption allegations
(DBN)

Warren becomes fastest first-time presidential candidate to hit 3 million donations
(DBN)

Doomsday Clock set to 100 seconds from midnight The Doomsday Clock is now at “100 seconds to midnight.” Here’s what that means.
(DBN)

Nationwide Bloomberg ad blasts Trump's treatment of military leaders Trump Goes Off on ‘Mini Mike Bloomberg’ After Fox & Friends Airs Attack Ad
(DBN)

Sanders Widens Lead In N.H. In New WBUR Poll Bernie Sanders’s path to the 2020 Democratic nomination, explained Sanders tells his most ardent supporters to cool it, but not all of them are Obama feels Sanders is unfit to battle Trump – and he has told people he might say so publicly
(DBN)

Why Biden's rivals can't break his lock on black voters
(DBN)

WI: GOP Rejects Nonpartisan Redistricting
(DBN)

Our Two Party System is Killing Democracy
(DBN)

DeVos: Abortion Rights Debate Like Slavery Both sides in the abortion fight now claim to be for women's equality
(DBN)

Why Ex-Fox Female Anchors Can't Find Work
(DBN)

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Credit Reporting:

110 million consumers could see their credit scores change under new FICO scoring
(DBN)

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Corporate Governance:

Goldman Sachs CEO says bank won't take companies public without one female or minority board candidate
(DBN)

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Utilities:

PG&E Made a Deal With Bondholders: The Details, and Why California's Governor Wants Changes
(DBN)

San Diego attorney wants to send utilities CEOs to jail if they lie about wildfire prevention measures
(DBN)

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Payroll Services:

Albany: Financial services company involved in MyPayrollHR collapse files for bankruptcy
(DBN)

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Bankruptcy Crimes:

Former CT Judicial Branch worker sentenced in bankruptcy fraud case
(DBN)

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New Bankruptcy Opinions
(9 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (21 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (7 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 Statistics:

U.S. Shale Patch Sees Huge Jump In Bankruptcies
(DBN)

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Avoidance Actions:

New York Governor Approves Uniform Voidable Transactions Act
(DBN)

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Banking:

Former Wells Fargo CEO John Stumpf barred from industry, to pay $17.5 million for sales scandal
(DBN)

Wells Fargo worker says employment at the bank was more stressful than Gulf War military service
(DBN)

Jamie Dimon's Pay Rises to $31.5 Million
(DBN)

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Retailing:

The world's biggest video game retailer, GameStop, is dying: Here's what led to the retail giant's slow demise
(DBN)

Malls across the US are trying to survive the 'retail apocalypse' by adding rides, indoor ski parks, and other entertainment options
(DBN)

Farewell to Fairway? Beloved New York food market files for bankruptcy protection, looks to sell stores Fairway Is So Crowded! How Can It Be in Bankruptcy? Fairway Will Sell 5 Stores and File for Bankruptcy Protection
(DBN)

Papyrus closing all stores in the next four to six weeks, files for bankruptcy protection Papyrus, seller of ‘curated greeting cards,’ to liquidate chain and close all stores
(DBN)

For retailers, bankruptcy more likely to end in liquidation
(DBN)

Store closings pile up: With 1,200 closures already announced, retailers face another grim year
(DBN)

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Food/Beverage:

Bumble Bee Foods Cleared For $925M Ch. 11 Sale To FCF Co.
(DBN)

Trudy’s Tex-Mex seeks bankruptcy protection to stay open
(DBN)

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Mining:

Mesabi Metallics misses more deadlines
(DBN)

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Climate:

Climate change becomes a top business threat
(DBN)

9 major climate change cases that could shape the fight to save the planet
(DBN)

Greta Thunberg hits back after Mnuchin says she should study economics in college It’s Steven Mnuchin who should listen to economists on climate change
(DBN)

Real-life climate disasters are mirroring doomsday myths—and that’s worse than you think
(DBN)

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Autos:

French Anti-Corruption Agency and Renault French investigators to move ahead with Ghosn prosecution over Versailles party
(DBN)

Nissan: Ghosn May Have Stolen Millions
(DBN)

Tesla could eventually reach a trillion-dollar valuation, think tank says
(DBN)

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Cannabis:

U.S. pot retailer MedMen says it’s trying to use stock to pay its bills amid cannabis industry’s cash crunch
(DBN)

How the Feds Protect the Cannabis Industry and How Things Could Change
(DBN)

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Religion:

Pope Francis appoints a new archbishop of Philadelphia, replacing a prominent conservative prelate
(DBN)

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Gymnastics:

Athletes warily embrace progress as USA Gymnastics evolves
(DBN)

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UK:

High Court refers case on treatment in bankruptcy of foreign personal pension schemes to the Court of Justice of the EU.
(DBN)

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Canada:

Challenges and Opportunities for Canadian Investors in Brazilian Insolvency Proceedings: Lessons from the IBA's 2019 Global Restructuring Conference
(DBN)

Canadians don't mind if Harry and Meghan stay a while. But they don't want to pay for them.
(DBN)

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China:

Conglomerate’s Bankruptcy Vote Delayed Over Dueling Reorganization Plans
(DBN)

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Argentina:

(Part Of) Argentina Will Not Be Paying Its Bills (For Now Or Possibly Ever)
(DBN)

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MENA:

What might be required of Lebanon under an IMF bailout?
(DBN)

Inside the Saudi Connection to 9/11
(DBN)

‘No, No America’: Thousands of Iraqis rally against US military presence
(DBN)

The Bezos hack's shockwaves MBS' alleged Bezos phone hack touches the highest levels of American power How Jeff Bezos’ iPhone X was hacked
(DBN)

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India:

The Limits of Comity: Refusal to Recognize Foreign Insolvency Proceedings
(DBN)

Mining ban halved household incomes and led to an increase in domestic violence
(DBN)

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