January 28, 2020

The Daily Bankruptcy News

View prior editions: Click Here
View prior case summaries: Click Here
Search prior headlines: Click Here
Search prior case summaries: Click Here

Format For Mobile Device



Law:

Biglaw Firm Announces Bonuses Topping The Market Scale
(DBN)

DC Bar considers relaxing its already-lenient rules to allow nonlawyer ownership of law firms
(DBN)

Law Firms Must Innovate to Keep Up With Alternative Service Providers
(DBN)

Jones Day Says Black Box Pay Model Keeps 'Anger,' 'Ego' at Bay
(DBN)

Legal Startup Atrium Names Two New Partners After Layoffs
(DBN)

Senior DOJ Political Appointee Apologizes to Court After Bar License Lapsed
(DBN)

Quinn gains NY sovereign and insolvency disputes duo
(DBN)

In a quirky motion to continue a case, KC attorney expresses support for Chiefs
(DBN)

Always Waiting: A Lawyer’s Tale
(DBN)

Big Law Is Taking the Coronavirus Outbreak Seriously
(DBN)

Greenberg Nabs Latham M&A Co-Chair, Touts 2019 As a Record Financial Year
(DBN)

Sidley Austin’s Private Equity Bet Pays Off as Market Hums
(DBN)

Ex-Kirkland, Wilkinson Walsh Partner Calls It Quits to Escape Stress and Just 'Go Home'
(DBN)

Alan Dershowitz Assures Us He Is Hip To All That New Fangled Technology
(DBN)

Alan Dershowitz’s Greatest Accomplishment: Reminding People SNL Used To Be Funny
(DBN)

Irony Alert: Ken Starr Warns Against Impeachment as Political Weapon, Urges Quick Acquittal of Trump Ken Starr’s Former Law Professor Schools Him on His Impeachment Arguments
(DBN)

Hey, You, Get Off Of My Cloud: Cybersecurity Considerations For Managed Service Providers
(DBN)

How Corporate Lawyers Made It Harder to Punish Companies That Destroy Electronic Evidence
(DBN)

Mike Pompeo Can’t Find Friends At His Old Law Firm On A Map
(DBN)

Trump's impeachment defense: Who is paying the president's lawyers?
(DBN)

Lawyer accused of billing more than 24 hours per day is found in Nicaragua
(DBN)

New Allegations From Internet Search History Look Very Bad for Michael Avenatti
(DBN)

U.S. Attorney Calls Out Prince Andrew for Not Submitting to Interview About Jeffrey Epstein
(DBN)

Supreme Court allows Trump administration to penalize immigrants likely to use public benefits Government gets green light to implement “public charge” rule pending appeals Supreme Court allows US to implement rule curbing green cards based on likely public assistance SCOTUS Sides w/ Trump on Immigration Rule 'The American Dream isn't a private club with a cover charge': Alexandria Ocasio-Cortez trashes Trump's wealth test for immigrants SCOTUS Reshapes Legal Immigration
(DBN)

Lawyer who can’t find testators for over 500 wills can’t toss documents, ethics opinion says
(DBN)

Finance law prof gets probation for not paying taxes after being accused of embezzling millions of dollars
(DBN)

Law Professor Sentenced For Lying To The IRS
(DBN)

Second Weinstein accuser takes the witness stand to describe alleged 2006 sexual assault Tragic Testimonies of Weinstein's Accusers
(DBN)

Tennessee Lawyers Can No Longer Be Reinstated After Disbarment
(DBN)

40 Groups Calls for End to Facial Recognition
(DBN)

Tennessee Gov. Bill Lee Faces Backlash After Signing Controversial Adoption Bill
(DBN)

Virginia finalizes passage of Equal Rights Amendment, setting stage for legal fight
(DBN)

Going to Trial Is Always a Gamble, Even for “Bull”
(DBN)

Sandy Hook conspiracy theorist arrested, accused of sharing personal info of dead boy’s father
(DBN)

She fractured her spine after car ran red light. UBER said she signed away her rights to jury trial
(DBN)

______________

Judges:

Conservative justices are wrong: Separating church and state is nothing like racial discrimination
(DBN)

Judge calls ICE if he thinks defendants in his courtroom are in US illegally
(DBN)

7th Circuit is aghast at ‘obduracy’ of Board of Immigration Appeals, which refused to implement its decision
(DBN)

Several Wounded at Shooting Outside Connecticut Courthouse, Officials Say
(DBN)

Bolton Book Says AG Barr Worried Trump Compromised DOJ Independence in Two Cases: NYT
(DBN)

______________

Wall Street:

Stocks Pause as Bonds Signal Warning on Chinese Outbreak US stocks set to open higher after Dow posts worst day since October
(DBN)

Stocks close lower as coronavirus death toll rises Dow futures tumble 500 points as coronavirus spreads Dow posts worst day since October and turns negative for the year as coronavirus fears grow
(DBN)

______________

Layoffs:

3M to cut 1,500 jobs as profit sinks 28%
(DBN)

______________

Healthcare:

A Decade of Obamacare: What's the Impact? Fate of Obamacare in Limbo Following Invalidation of Individual Mandate
(DBN)

Scientist who simulated the global impact of a coronavirus outbreak says ‘ the cat’s already out of the bag’ and calls China’s efforts to contain the disease ‘unlikely to be effective’ U.S. government urges Americans to reconsider travel to China because of coronavirus 74% of Americans Fear Potential Outbreak Facebook, Google and Twitter scramble to stop misinformation about coronavirus Mayor of Wuhan, epicenter of coronavirus outbreak, says 5 million people left the city before travel restrictions were imposed Coronavirus has killed 106 and infected 4,515 people, Chinese health authorities say US Has Had 8,200 Deaths from Flu Season Worries grow that quarantine in China not enough to stem virulent coronavirus Global stock markets shudder as coronavirus spreads Worries grow that quarantine in China not enough to stem increasingly virulent coronavirus This online dashboard tracks the spread of the Wuhan coronavirus across the globe in real time Major fast-food chains and retailers in China are shutting their doors as the deadly coronavirus continues to spread. Here's a list of closures China Warns of Medical Supplies Shortage During Coronavirus Outbreak Coronavirus outbreak fuels concerns about pharma's global supply chain Misinformation about coronavirus is spreading fast Video shows the rapid progress of a hospital being panic-built in China to fight the Wuhan virus China's coronavirus might disrupt Apple's production plans for the iPhone Facebook confirms it's restricting employees' travel to China amid coronavirus concerns Chinese villages are cutting themselves off from the world with makeshift brick walls to try to stop outsiders from giving them the Wuhan virus China’s travel restrictions amid coronavirus outbreak will hit other Asian economies Coronavirus prompts automakers to evacuate workers from China, weigh production delays Coronavirus vs. SARS: Health experts on the key differences between the two outbreaks Prepares 100,000 Hospital Beds
(DBN)

____________

Retailing:

Gap closed dozens of stores in 22 US states on Sunday. Here's the full list.
(DBN)

Lucky’s Market files for bankruptcy Colorado-based grocery chain Lucky’s Market files for bankruptcy First Day Dec
(DBN)

Walmart is testing higher starting salaries for some employees in 500 stores as the war for talent heats up
(DBN)

Bankrupt Forever 21 seeks more time to sell on its own terms
(DBN)

La Senza suppliers file to put it in Ch. 7 bankruptcy
(DBN)

____________

Telecoms:

Reports: Frontier Communications possibly seeking bankruptcy
(DBN)

____________


Economy:

Poll: Confidence in the economy boosts Trump's re-election prospects Trump's approval rating on the economy jumps to all-time high
(DBN)

Fed likely to reassure markets that it is watchful of coronavirus impact
(DBN)

Recession fears return to the market
(DBN)

Treasury curve inverts as outbreak fans growth fears
(DBN)

Black Swan Event That May Have Serious Repercussions For Economy
(DBN)

Dallas Fed: "Growth in Texas Manufacturing Activity Picks Up"
(DBN)

What it means to be rich, according to 9 financial planners who would know
(DBN)

Trump Expands Steel Tariffs
(DBN)

The ‘Not QE’ Debate Looms Large Over Fed Decision
(DBN)

Homesteaders, catastrophists run for the hills to flee U.S. uncertainty
(DBN)

Year Two of Trump Tax Plan: What to Know
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

Freddie Mac: Mortgage Serious Delinquency Rate increased slightly in December
(DBN)

New Home Sales at 694,000 Annual Rate in December New Home Prices A few Comments on December New Home Sales
(DBN)

New details emerge in Shoppingtown bankruptcy filing 7 interesting things revealed in ShoppingTown Mall’s bankruptcy filing
(DBN)

____________

Municipalities:

A Tale of Two Motor Cities
(DBN)

Muni Bond Investors Beware: 'Staged' Bond Defaults Are Back
(DBN)

____________

Oil/Gas:

Southland Royalty Company File In BK DE - First Day Dec Energy co. backed by Houston PE firm files for Chapter 11 bankruptcy, citing market pressures
(DBN)

Haynes and Boone partner on energy bankruptcy wave: 'We have not seen the end of this'
(DBN)

Oil Bankruptcies Are Piling Up
(DBN)

Debt-laden energy companies are taking whatever cash they can get
(DBN)

Houston energy services co. to restructure outside of bankruptcy court
(DBN)

Oil and gas companies are facing a harsh operating environment
(DBN)

Private equity and the mark-to-market myth
(DBN)

Oil and gas M&A market poised for recovery in 2020
(DBN)

GM To Invest $2.2 Billion In First All-Electric Vehicle Plant, Create 2,200 Jobs
(DBN)

Green Deal Law To Make EU’s ‘Tectonic’ Energy Shift Irreversible
(DBN)

____________

Politics:

John Bolton just shattered Trump's defense in the impeachment trial and squeezed Senate Republicans into a corner Trump's defense team shifts from complacency to urgency Republicans brace for domino effect on witnesses Mitt Romney: 'Increasingly apparent we need to hear from John Bolton' Trump's legal team outlined its case. One day later, John Bolton appears to have kneecapped it. McConnell Angry w/ Trump Over Bolton Book Republicans take a "deep breath" on impeachment trial after Bolton report Trump FactCheck: The Democrat controlled House never even asked John Bolton to testify Schumer's "uphill fight" for impeachment evidence GOP Senators Pummel Bolton Bombshell as Nothing But a ‘Tactic to Sell Books’ John Bolton Knows What He's Doing Former allies turn on Bolton as book roils Washington John Bolton's bombshell gives the GOP a glimpse of its nightmare scenario Republicans in Trump impeachment trial on the spot over Bolton book report McConnell struggles to maintain GOP unity post-Bolton The GOP senators signaling support for witnesses following Bolton report Bolton denies coordinating with NYT on manuscript report GOP Senators Invite John Bolton To Set Fire To His Own Mustache Trump Lawyer Jay Sekulow Smartly Dodged John Bolton Book News Right Out of the Gate Whistleblower’s Lawyer: Bolton Revelation Potentially Subjects Trump’s Legal Team to Criminal Liability Romney: It's "increasingly likely" Senate Republicans will vote for Bolton testimony National Security Council says no other White House staffers saw Bolton manuscript Bolton: Right Wing Zealot to Rock of Republic FactCheck: Trump on Bolton Why the Trump White House Is Right to Fear Meticulous Note-Taker John Bolton Lev Parnas Lawyer Says It's 'Curious' Bolton Agrees With Quid Pro Quo Claim Toomey proposes a 'one-for-one' witness deal in Trump impeachment amid Bolton revelations The impeachment trial's supposed Perry Mason moment Could Bolton Be an impeachment Witness? Here’s What the Lawyers Have Said
(DBN)

Alan Dershowitz says that none of the revelations in John Bolton's new book constitute an impeachable offense for Trump
(DBN)

Trump Impeachment Defense Lawyer Dismisses Giuliani as 'Minor Player' in Ukraine Scandal
(DBN)

All the president's turncoats
(DBN)

Why You Can't Believe Mike Pompeo
(DBN)

Warren: We Can End Our Endless Wars Elizabeth Warren's urgent bet to win Iowa Elizabeth Warren’s Year of Plans Faces Judgment Day in Iowa
(DBN)

'Oh my God, Sanders can win': Democrats grapple with Bernie surge in Iowa
(DBN)

Rivals aren't throwing many roadblocks in front of Sanders Bernie Can't Win
(DBN)

Rapid change roils Virginia Republicans
(DBN)

Hillary Clinton says she wasn't thinking about the election when she said nobody likes Bernie Sanders
(DBN)

Amy Klobuchar Takes Lead Over Elizabeth Warren and Pete Buttigieg in Iowa Sanders Surges to 9-Point Lead Over Biden in Iowa a Week Before Caucus
(DBN)

Greta Slams AP for Editing Out Black Activist
(DBN)

Holocaust Survivor Warns Western Leaders Have Adopted 'Hate' as a 'Slogan' Anti-Semitism Worse Now Than in Hitler's Rise: Anti-Nazi Diarist's Grandson The first transport of Jews to Auschwitz was 997 teenage girls. Few survived Auschwitz survivors warn of rising anti-Semitism 75 years on
(DBN)

Trump Hits Jersey Shore to Rally for Party-Switching Congressman
(DBN)

New group to focus on McConnell attacks
(DBN)

Echo chambers are getting worse
(DBN)

Hunter Biden agrees to pay child support to Arkansas woman, avoids contempt hearing
(DBN)

Arizona Republicans discriminated against minority voters, court rules
(DBN)

The Mom Of "Success Kid" Sent Rep. Steve King A Cease-And-Desist Letter For Using The Meme In An Ad
(DBN)

GOP Becomes the Party of the Left Behind
(DBN)

____________

Food/Beverage:

Bar Louie files for bankruptcy, closes one-third of its restaurants Bar Louie Reaches Agreement with Lenders to Acquire the Business and Finance Post-Petition Operating Expenses Bar Louie gastrobar chain files for bankruptcy Here are the 38 Bar Louie restaurants that closed ahead of the chain’s bankruptcy filing Bar Louie puts itself up for sale after filing for Chapter 11 bankruptcy Bar Louie files for bankruptcy after closing 38 units Employees and Customers React to Bar Louie Closures First Day Dec
(DBN)

Bakers Square, Village Inn owner files for bankruptcy Parent Of Village Inn, Bakers Square Restaurants Files Ch. 11 Village Inn-Bakers Square parent files Chapter 11, closes 33 units American Blue Ribbon Holdings, LLC to Restructure Operations First Day Dec
(DBN)

Grocery Pain Spreads as Kroger-Backed Lucky’s Goes Bankrupt
(DBN)

Burger chain closes 100 locations
(DBN)

Bankruptcy rebound: Olga’s Fresh Grilles opening in W. MI
(DBN)

Lesser-Known Restaurants File Bankruptcy as Competition Heats Up
(DBN)

____________

 


New Bankruptcy Opinions
(6 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (40 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (5 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)

______________

Safe Harbors:

Merit Management’s Footnote 2 and Justice Breyer’s Point Prevail in Second Circuit (In re Tribune)
(DBN)

____________

Secured Debt:

The Decline in Secured Debt
(DBN)

Can a Lien Exist Without A Debt For It to Secure?
(DBN)

____________

Litigation:

Litigation Finance Fund Launches With $345M, Industry Veterans
(DBN)

____________

Automatic Stay:

Supreme Court Resolves the Appealability of Orders Denying Relief from the Automatic Stay
(DBN)

Supreme Court Will Tell Us Soon if Creditor Violates Automatic Stay by Passively Retaining Debtor’s Property
(DBN)

____________

Cross-Border:

Singapore company wound up in the U.S not allowed to block enforcement of charge over its shares Related people
(DBN)

____________

Distressed Investing:

Beware of the Killer B's
(DBN)

____________

Fraud:

Buffett Lost $340 Million on Ponzi Scheme
(DBN)

____________

Trucking:

Bankrupt Celadon Seeks $900,000 In Bonuses For Executives, Court Filings Show
(DBN)

The 10 largest and most unexpected trucking bankruptcies in recent history
(DBN)

____________

Newspapers:

Communities without newspapers are costly information deserts
(DBN)

____________

Autos:

Why Bankruptcy Is a Forgone Conclusion for Ford Motor Company
(DBN)

____________

Student Debt:

BK SD NY Adopts Student Loan Mediation Before Litigation Program
(DBN)

____________

Banking:

Everyone’s Banning Former Bank CEOs This Week
(DBN)

Wells Fargo Looks Outside for Next Post-Scandal Legal Chief
(DBN)

____________

Climate:

Everyone’s Favorite Climate Solution Has a Fire Problem
(DBN)

____________

Travel:

The completely correct guide to eating and drinking on a plane
(DBN)

____________

Aviation:

Boeing secures more than $12 billion in financing to help weather 737 Max crisis
(DBN)

____________

UK:

Regional trade association role for insolvency and restructuring lawyer
(DBN)

U.K. Retail Sales Stay Flat With No Sign of Imminent Pickup
(DBN)

Boris Johnson is set for a major clash with Trump after defying him and giving Huawei the green light to develop Britain's 5G network GOP Threatens to Withhold Intel from Countries That Use Huawei
(DBN)

US-UK Trade Deal Faces Big Hurdles
(DBN)

EU Warns UK: Not Giving Up Single Market
(DBN)

____________

PIIGS:

Massive Changes Greece May Experience in the 2020s
(DBN)

____________

Canada:

The New Duty Of Good Faith In Canadian Insolvency Proceedings
(DBN)

Insolvency, bankruptcy rates up in Saskatchewan: MNP report
(DBN)

____________

Venezuela:

Venezuela Weighs Privatizing Oil in Face of Economic Free Fall
(DBN)

____________

MENA:

Trump Upbeat on Peace Plan for No Reason
(DBN)

U.N. report on Jeff Bezos phone hack only adds to questions about how the National Enquirer got its scoop
(DBN)

Bribery indictment against Netanyahu filed with court
(DBN)

____________

India:

New Delhi to sell full stake in debt-ridden Air India
(DBN)

Lighthizer to Discuss Trade Deal With India Before Trump’s Visit
(DBN)

____________


The Daily Bankruptcy News is primarily a curated news link gathering service.   Most of the headlines contained in the publication are a collection of links to stories posted on the Internet by various third party publications.  Such content is owned by third party sources, not The Daily Bankruptcy News, and in some cases, these links change or expire, which means you may not be able to view some news stories in prior editions of the Daily Bankruptcy News. The DBN subscription fee is not a fee for access to the content of the links, but is a charge for the considerable work involved in gathering, organizing and presenting the links. Use of this site and The Daily Bankruptcy News is subject to our Terms of Use. If you received The Daily Bankruptcy News via email (and you have a paid subscription account), to view a news story, click on the headline, and the story should open in your web browser. To view additional stories, click back to the email and click on additional headlines, which will cause new stories to open in your web browser.  You can view the most recent edition of The Daily Bankruptcy News on the web at BKInformation.com.

Advertising
Advertising is available in The Daily Bankruptcy News. Click here for details  Feel free to contact us with any questions.

Passwords/Subscriptions
Access to certain links in The Daily Bankruptcy News is available only to readers holding a paid service subscription. These links are currently marked with a "DBN" notation. The cost of a subscription is $66.50/year, payable annually.  Volume discounts are available for sites with multiple users. Click here to see a schedule of discounts. Complimentary subscriptions are available for full-time educational and governmental employees and for full time students. For information about discounts or educational/governmental subscriptions, contact us by clicking here. A separate password is required for each member of a firm wishing access to restricted links.

New readers can receive a free password good for 30 days by clicking here. 30-day passwords are not available to readers who have previously had a password, even if the password was associated with a different email address used by the reader. Refunds are not available after purchase.

Readers who wish to change their passwords should click here. Readers who have forgotten their password should click here.

Adding Your Email Address To The Distribution List
If you would like to start receiving The Daily Bankruptcy News by email each day, click here, and fill in the information requested. There is no charge to be placed on the distribution list to receive the headlines, although access to many of the links behind the headlines requires a paid subscription (see above, under Passwords). If, after adding your email address to the distribution list, you do not receive an email confirming the addition, please contact us by clicking here for help.

Removing Your Email Address From The Distribution List
If you already receive The Daily Bankruptcy News by email and you wish to remove your email address from the distribution list, click here and send the email that should appear. You do not need to type anything in the body of the email message. Note that the email asking for removal must be sent from the same email address which is on our distribution list. If you do not receive an email confirming deletion of your email address from the distribution list, contact us by clicking here for help.

If receive the publication forwarded from an older email address, you will need to contact us as described below for help removing that older address from our distribution list.

Press Releases/News Tips
Please send press releases and news tips to admin@bkinformation.com

Contact Us
The Daily Bankruptcy News is published each business day by BKINFORMATION.COM, L.L.C. You can phone or text us at 281-402-3957. You can email us at accounting@bkinformation.com (email inquiries are usually answered substantially more quickly than phone inquiries). Our mailing address is 935 Eldridge Road, No. 350, Sugar Land, Texas 77478.

Copyright 2020