January 29, 2020

The Daily Bankruptcy News

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Law:

High-Stakes Litigator Hangs It All Up To Spend Time With His Kids
(DBN)

The Real Bad Habits Of Law Students
(DBN)

Lawyers Ask 'How Can We Do This,' Driving Dorsey Tech Embrace
(DBN)

McDermott Expands Delaware-based Restructuring and Insolvency Strengths Bolstering Client Access in One of the Nation’s Top Bankruptcy Courts
(DBN)

How Much Business Do You Really Need to Make a Lateral Move?
(DBN)

Law School Professor Slapped Over Unauthorized Practice Of Law, Improper Referral Fee
(DBN)

Increasing Regulation the Reason Top Lawyers Will Send More Work to Outside Counsel
(DBN)

As Clients Demand More Than Ever, How Can Lawyers and Firms Respond?
(DBN)

‘Age of the CLO’ Dawns as More Chief Lawyers Report to CEO
(DBN)

Diverse Equity Partners on the Rise in Big Law, But Gaps Remain
(DBN)

Trump’s Legal Team ‘Blew Up’ DOJ Argument Against Releasing Mueller Grand Jury Materials
(DBN)

The Punk Rock Law School Lesson
(DBN)

Women, Minority and LGBTQ+ Attorneys Still Struggle to Rise Within Law Firms
(DBN)

Finance & Restructuring Lawyer Kenneth Logsdon Joins Dorsey in Salt Lake City
(DBN)

Elkins Kalt Welcomes Michael Gottfried and Roye Zur to New Bankruptcy Practice Group
(DBN)

Weinstein trial moves swiftly with more accusers on deck
(DBN)

Cop Charged for Killing Handcuffed Black Man
(DBN)

12 things people decide within seconds of meeting you
(DBN)

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Judges:

Ninth Circuit Court of Appeals Appoints New Bankruptcy Judge for District of Nevada New judge sworn in to federal bankruptcy court in Las Vegas
(DBN)

BK ED NY: Honorable Alan S. Trust Appointed Chief US Bankruptcy Judge Effective October 1, 2020
(DBN)

BK MD FL: Court Connection Newsletter
(DBN)

Request for Public Comment on the Reappointment of Bankruptcy Judge Martin Glenn for the Southern District of New York
(DBN)

Clarence Thomas speaks, but leaves many questions unanswered, in documentary
(DBN)

John Roberts Could Play More Visible Role With Witness Fight Brewing
(DBN)

Would Roberts Need to Recuse in Any Trump Suit Challenging Bolton?
(DBN)

Judge Edith Jones Wants To Know If We Can Legislate Based On Her Outdated Stereotypes
(DBN)

‘Sovereign citizen’ who targeted federal judges in Ga, gov’t officials sentenced
(DBN)

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Wall Street:

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

Stocks close higher after posting their worst day since October
(DBN)

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Layoffs:

Major Revisions to New Jersey’s WARN Act Require Payment of Severance, Expand Notice Requirements, and Increase Liability for Mass Layoffs
(DBN)

Edmunds.com to lay off 122 workers
(DBN)

3M to cut roughly 1,500 jobs
(DBN)

JPMorgan plans to cut hundreds of jobs in consumer unit
(DBN)

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Utilities:

California Senate passes bill to make PG&E pay for blackouts
(DBN)

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Retailing:

Weil Bags Another Grocery Chain Client as Retail Bankruptcies Mount
(DBN)

Scale of US retail upheaval laid bare as bankruptcies grow
(DBN)

Lucky’s Wanted To Compete With Whole Foods, Now It’s Going Bankrupt
(DBN)

Fairway Was Mismanaged and Looted by Private Equity: Joe Nocera
(DBN)

Fairway and What We Mourn in A Store
(DBN)

Retail M&A deals fell 19% in 2019, PwC says
(DBN)

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Politics:

Elizabeth Warren's Radical Critique of Corporate Bankruptcy—And How it Shapes What Kind of President She Would Be
(DBN)

A GOP lawmaker, the son of an Auschwitz survivor, compared doctors treating transgender children to Nazis. He regrets it.
(DBN)

Former top Trump aide John Kelly: "I believe John Bolton" Trump's former chief of staff, John Kelly, sides with John Bolton and says the Senate should call witnesses in impeachment trial Poll: 75% of Americans say witnesses should testify at impeachment trial McConnell Said in Private Meeting That He Doesn't Have Votes to Block Witnesses: Report Legal Experts: Trump Reaction to Bolton Effectively Waived Executive Privilege Claim, Was ‘Another Unforced Error’ WSJ Editorial Board on Bolton Book Details: It Doesn’t Matter and the ‘Timing Is Kavanaugh-esque’ “The White House Knew and Kept It Mum”: Bolton’s Revelations Set Off Three-Way GOP Impeachment Squabble Is it OK for federal employees to discuss the impeachment trial at work? Senators brace for the unknown as Trump impeachment defense wraps Ken Starr ‘Punch[ed] Himself In The Face’ MSNBC’s Morning Joe uncorks hilarious rant against ‘confederacy of dunces’ defending Trump from impeachment Trump’s team is cornered, and desperate for an off-ramp 5 Takeaways from Today's Impeachment Trial You Can't Predict Sen. Lamar Alexander Trump impeachment defense wraps up after less than allotted 24 hours Fact-checking the impeachment defense of Donald Trump What senators will ask during impeachment trial's question time Trump Trial Hits Question Phase; GOP Girds for Key Witness Vote
(DBN)

Mueller’s Top Lieutenant Says the White House Is ‘Bluffing’ on Bolton Testimony
(DBN)

Conservatives Roundly Criticize Elizabeth Warren, Say Dershowitz Took Her to 'Legal Woodshed'
(DBN)

Giuliani Allies Spar Over Giving Evidence to House Democrats
(DBN)

Bolton book leaked after the White House made copies of the single manuscript they were given: report
(DBN)

Trump: Belgium is a Beautiful City
(DBN)

Giuliani Claims Dems Won't Let Him Testify Because They Fear His 'Physical Presence'
(DBN)

The Doomsday Clock ticks closer to midnight
(DBN)

Trump to Pompeo: "You did a good job on" NPR reporter
(DBN)

"Should be on Fake News CNN": Trump attacks Fox News' Chris Wallace Trump Declares ‘Beginning of the End’ For ‘Really Pathetic’ Fox News Fox & Friends hosts visibly deflated after Andrew Napolitano destroys their hope for a quick impeachment trial
(DBN)

Private equity should breathe a sigh of relief as Sanders surges
(DBN)

Former $115K A Month Qatari Lobbyist Is SHOCKED, SHOCKED At Hunter Biden’s Sweetheart Deal
(DBN)

Who’s winning the Democratic primary in the polls, explained
(DBN)

We fact-checked the Democrats' closing push in Iowa before the caucuses
(DBN)

Virginia Conservatives Unhappy About Losing Political Power Should Secede: Jerry Falwell Jr.
(DBN)

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Pharma:

Electronic health record vendor took kickbacks from opioid maker
(DBN)

Where the Purdue Pharma-Sackler legal saga stands
(DBN)

____________

Golf:

Public auction of The Bull, Wisconsin's only Jack Nicklaus Signature golf course, canceled 20 minutes before sale was set to start
(DBN)

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Trucking:

Audio: Trump Didn't Know Trucks Use Diesel
(DBN)

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Economy:

Biz Investment Weak, Confidence is Up
(DBN)

U.S. Fed expected to keep rates steady and mull tapering
(DBN)

Richmond Fed: Manufacturing Activity Rebounded in January
(DBN)

A gauge of US manufacturing spikes to its highest in 16 months as the sector shows signs of life
(DBN)

World’s Pile of Negative Debt Surges by the Most Since 2016
(DBN)

Gen Z Is Racking Up Card Debt After Era of Tightwad Millennials
(DBN)

The US budget deficit is projected to top $1 trillion this year, its highest level since 2012
(DBN)

U.S. National Debt Will Rise to 98% of GDP by 2030, CBO Projects
(DBN)

Milton Friedman’s World Is Dead and Gone
(DBN)

Hotels are rewarding travelers for opting out of housekeeping. But where does that leave workers?
(DBN)

15 big US companies where most of the workforce say they're unhappy
(DBN)

How China’s Virus Outbreak Could Threaten the Global Economy
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

Case-Shiller: National House Price Index increased 3.5% year-over-year in November
(DBN)

US home price gains accelerate amid smaller supply of homes
(DBN)

Loan Applications to Buy U.S. Homes Climb to 11-Year High
(DBN)

U.S. new home sales fell 0.4% in December
(DBN)

The end of the mortgage refi boom?
(DBN)

Is the U.S. in a housing bubble?
(DBN)

These photos of abandoned malls and golf courses reveal a new era for the American suburb
(DBN)

Serious Delinquency Rate on Single Family Mortgages Increased Slightly in December
(DBN)

Start your timer: Leonard Ross has 4 months to sell Hearst mansion
(DBN)

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Municipalities:

Bloomberg Offers Support for Puerto Rico Statehood
(DBN)

Detroit police and fire pension fund files lawsuit over official's 70% pay raise
(DBN)

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Oil/Gas:

Now Trump Administration would like to see bankrupt Philadelphia refinery kept open
(DBN)

Oil Was Sick Even Before Coronavirus Hit
(DBN)

Exxon's difficulties run deeper than a sputtering oil market
(DBN)

Is America's Fossil Fuel Empire Collapsing?
(DBN)

Lead up to McDermott bankruptcy strained vendor relationships
(DBN)

LNG Prices Fall To 10-Year Low
(DBN)

Oil Claws Back Some Virus Losses After U.S. Stockpiles Report
(DBN)

____________

Healthcare:

Sources: $65M deal reached for St. Christopher's Hospital buildings
(DBN)

China's Xi defends response as coronavirus death toll increases China Is Perfectly Prepared to Fight the Last Virus Coronavirus causes steep reduction in flights at airports closest to Wuhan Doctors Say 10-Year-Old Boy Was ‘Shedding Virus Without Symptoms’ China-U.S. Air Traffic Is In Free-Fall Robots Deliver Food to the Sick Why it’s so frustratingly difficult to know how bad the coronavirus outbreak will be Here are all the countries warning against travel to China Virus Crisis Exposes Cracks in China's Facade of Unity China’s Virus Outbreak Triggers a Global Run on Face Masks Coronavirus cases in China overtake SARS — and the economic impact could be ‘more severe’ Virus Angst Spreads in Germany After Contagion Hits Munich British Airways cancels all flights to and from mainland China on coronavirus fears Airlines Scramble to Cancel China Flights as Virus Spreads China’s Health Scare Tempers High Hopes in U.S. Farm Markets China’s Steel Sector Braces as Virus Impacts Top Producer Surging Cost of Food Lengthens China’s List of Virus Worries Australia to quarantine coronavirus evacuees on Christmas Island U.A.E. Reports Middle East’s First Cases of Novel Coronavirus Toyota Is Halting Production in China Until Feb. 9 Property Stocks Weaken in Hong Kong Amid Coronavirus Concerns China Death Toll Climbs to 132 as Cases Soar US Flu Death Toll Passes 8,000 Why we panic about coronavirus, but not the flu
(DBN)

The Countries Best And Worst Prepared For An Epidemic
(DBN)

How 6 States Achieved Near Universal Health Coverage
(DBN)

Insulin prices loom large on the 2020 campaign trail for Democrats
(DBN)

____________

Aviation:

DOT fines Delta $50,000 for 2016 incidents of discrimination against Muslims
(DBN)

What to expect from Boeing’s earnings as 737 Max crisis continues
(DBN)

____________

Mass Torts:

J&J CEO Alex Gorsky testifies that he trusted internal experts as the company remains embroiled in legal disputes over baby powder
(DBN)

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Personal Finance:

Renting, Starbucks and other personal finance no-nos
(DBN)

____________

Religion:

'Heal Our Church': Prominent Catholics ask Archdiocese of Seattle for lay panel on abuse
(DBN)

____________

Radio:

Could iHeart layoffs be the beginning of local radio’s endgame?
(DBN)

____________

Labor:

A West Coast union faces bankruptcy. Here’s why unions nationwide are unnerved
(DBN)

____________

Fraud:

Under suspicion of massive fraud, top U.S. landlord ordered to repay $63 million to investors
(DBN)

Astros Scandal Lawsuit Highlights League Ties to Fantasy Sports
(DBN)

____________

Coal:

Coal mines' owner says deal in place to pay back taxes
(DBN)

____________

Diamonds:

Swiss Diamond Jeweler at Heart of Angolan Scandal Goes Bankrupt
(DBN)

____________

Sports:

Decline of Football is Real and Accelerating
(DBN)

____________

Agribusiness:

AR: Testimony in grain case called false
(DBN)

____________

Newspapers:

Warren Buffett Throws in the Towel on His Newspaper Empire
(DBN)

____________

 


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 (11 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)

______________

Bankruptcy Statistics:

Bankruptcy Filings Increase Slightly New bankruptcy cases creep up, despite drop in Chapter 11 filings
(DBN)

U.S. Bankruptcy Courts - Business and Nonbusiness Cases Filed, by Chapter of the Bankruptcy Code, District, and County U.S. Bankruptcy Courts - Bankruptcy Cases Filed, Terminated, and Pending U.S. Bankruptcy Courts - Business and Nonbusiness Cases Filed, by Chapter of the Bankruptcy Code (Three Months) U.S. Bankruptcy Courts - Business and Nonbusiness Cases Filed, by Chapter of the Bankruptcy Code (One Month) U.S. Bankruptcy Courts - Business and Nonbusiness Cases Filed, by Chapter of the Bankruptcy Code
(DBN)

Weekly Bankruptcy Claims Trading Activity
(DBN)

Bankruptcy Filings Decrease in Puerto Rico
(DBN)

______________

Intercreditor:

Delaware Court Holds Enforcement of Intercreditor Agreement Does not Breach Duty of Good Faith and Fair Dealing
(DBN)

Chapter 11 Plan Distributions Are Not Collateral Covered by Intercreditor Agreement’s Waterfall Provision
(DBN)

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Litigation:

Kirkland, Mayer Brown Alums Join Crowded Litigation Finance Field
(DBN)

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Mediation:

Mediation Confidentiality at Work
(DBN)

____________

Advisors:

Canada’s China envoy in New York to testify against ‘repeated false allegations about me and McKinsey’
(DBN)

AlixPartners Promotes 17 to Role of Managing Director
(DBN)

____________

UCC:

Bankruptcy trustee appeals Seventh Circuit’s ruling on sufficiency of UCC collateral description to US Supreme Court
(DBN)

____________

Crypto:

Courts, without law for guidance, setting value of cryptoassets
(DBN)

Lawyers Ramp Up Pressure to Exhume Quadriga CEO’s Body
(DBN)

____________

Food/Beverage:

An unfortunate running list of food companies that have declared bankruptcy in 2020
(DBN)

Bar Louie Files Chapter 11 to Pursue Asset Sale
(DBN)

Nashville restaurant company files for bankruptcy protection
(DBN)

____________

Student Debt:

Should You Really Get Student Loan Forgiveness?
(DBN)

Teachers Sue Betsy DeVos Over Student Loans
(DBN)

Is Student Loan Forgiveness Taxable? It Depends.
(DBN)

____________

Sovereigns:

Debt Against the People: an ABC
(DBN)

____________

UK:

Bankrupt Katie Price's pink Range Rover 'is slashed by £10k as it struggles to sell
(DBN)

A Clear or Cloudy Flight Path? The UK’s Future Airline Insolvency Regime
(DBN)

Why Brexit Opponents Lost the Vote and the Argument
(DBN)

Wall Street’s London Outposts Are Braced for a Brexit Beating
(DBN)

____________

PIIGS:

Greece Sells 15-Year Debt for First Time in More Than Decade
(DBN)

Italy Set for More Debt and Stagnation Without Reforms, IMF Says
(DBN)

____________

Canada:

Key Developments in Canadian Insolvency Case Law in 2019
(DBN)

Mega Bloks to lay off nearly 580
(DBN)

____________

MENA:

Lebanon: A sovereign debt restructuring is coming, the only question is when
(DBN)

Crunch time as govt to decide on bond payment
(DBN)

Netanyahu scraps immunity bid as graft trial moves closer
(DBN)

Trump's Middle East Peace Plan Favors Israel, Angers Palestinians Palestinians Angrily Reject Trump Plan Trump Peace Plan Designed to Help Netanyahu Jared Kushner, architect of Trump’s Middle East peace plan, still doesn’t get it Trump’s Israel-Palestine peace plan, explained Why Trump's Middle East peace plan already matters
(DBN)

Iran missile strike: 50 US troops now diagnosed with brain injuries
(DBN)

____________

Ukraine:

Ukraine- Deposit Guarantee Fund last week sold insolvent banks' assets worth almost UAH 33 mln
(DBN)

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South Africa:

State bank has funds for SAA: administrators South African Airways to Get $239 Million From State Bank
(DBN)

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Argentina:

Argentina’s Hundred-Year Bond and its Make-Whole Premium: A Spanner in the Works?
(DBN)

____________

Venezuela:

Venezuela's PDVSA, in default, says total debt remained unchanged in 2019
(DBN)

____________

Australia:

Jeanswest administrator reveals the trends he blames for Australia's 'retail killing season' More collapses to come in retail's 'killing season'
(DBN)

Jeanswest collapse laid bare: Fashion retailer owes more than $50 million to 1200 creditors including 988 staff as it moves to shut 37 stores
(DBN)

____________

Mozambique:

Credit Suisse Ignored Warning Over $2 Billion Deal With Tycoon
(DBN)

____________

Indonesia

Krakatau Steel restructures record $2 billion debt to stave off bankruptcy
(DBN)

____________

Singapore:

Hyflux’s Legal Adviser Plans to Walk Off, Adding to Woes
(DBN)

____________

Japan:

Japan Prosecutors Raid Office of Former Ghosn Lawyer, NHK Says
(DBN)

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