January 31, 2020

The Daily Bankruptcy News

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Law:

Best pay satisfaction is at US firms, say lawyers on ‘top of the market’ deals
(DBN)

Biglaw Bonus Bankroll: The Associate Compensation Scorecard (Fall 2019)
(DBN)

Drinker Biddle Adds Corporate Restructuring Partner Laura Appleby in New York
(DBN)

Reed Smith threatens secretaries with pay freeze if they take sick leave
(DBN)

Most General Counsels Gain Experience In-House, Harvard Tops Backgrounds
(DBN)

Well, MoFo Had A MoFo Good Year Morrison & Foerster Posts Double-Digit Revenue Growth
(DBN)

UK: Regional lawyers bemoan huge salaries of London colleagues
(DBN)

Wachtell Litigator George Conway Just Can’t Help Slamming His Wife’s Boss George Conway on Trump's Geography Ceorge Conway: Trump's defense is just one big lie
(DBN)

‘Go Chiefs!’ Lawyer Files This Touchdown Of A Continuance Motion To Watch The Super Bowl
(DBN)

'Boalt Hall' Is Officially Banished From Berkeley Law T14 Law School Removes Racist Benefactor’s Name From Building
(DBN)

'Frightening': Can These Houston Lawyers Survive the $300,000 Sanction Against Them?
(DBN)

Dershowitz says his Trump impeachment defense distorted
(DBN)

Dershowitz: Quid pro quo to win election isn’t impeachable when politician thinks it’s in the public interest for him to win Dersh Says Trump Can Shoot Opponent In The Head On Fifth Ave If He REALLY Believes It’s In The National Interest Alan Dershowitz’s Performance in Trump’s Defense Elicits Strong Reactions: ‘Patently Ridiculous’ Harvard Law Prof: Dershowitz’s Argument Means Trump Can Round Up Black People to Prevent Them from Voting for a Democrat, "If He Believes I's In The National Interest"
(DBN)

Alan Dershowitz quits Donald Trump's impeachment trial after saying the president cannot be removed for a quid pro quo to aid his re-election then claims the defense 'begged him to stay'
(DBN)

Trump lawyer blurs lines between charity and profit
(DBN)

Pelosi Suggests Trump’s Lawyers Should Be Disbarred for Their Statements at Trial
(DBN)

'Is That Really What the Framers Had in Mind?' DOJ Faces Skeptical Judge in Subpoena Fight
(DBN)

‘You Can’t Make This Stuff Up’: DOJ Says Trump Can Be Impeached for Defying Congressional Subpoenas
(DBN)

Carter Page Sues DNC, Law Firm, and Clinton Campaign Lawyers Over Steele Dossier
(DBN)

Woman who says Trump raped her seeks his DNA
(DBN)

State attorneys general sue to demand certification of Equal Rights Amendment ‘There Is No Time Limit’: Lawsuit Aims to Force Ratification of Women’s Equality Amendment
(DBN)

Ukrainians are now one of the top groups resettled as refugees in the U.S. under Trump administration
(DBN)

ABA president calls for creation of independent immigration courts, criticizes ‘remain in Mexico’ policy
(DBN)

‘This Is the Smoking Gun’: Leaked Memo Details CBP Plan to Profile and Detain Iranian Americans
(DBN)

Boies Schiller Lawyers Says Firm Helped Hire Ex-Spies to Aid Harvey Weinstein Weinstein Hired Sleuths to Squelch Women’s Stories, D.A. Says Weinstein says he hired private eyes ‘for days like this’ Harvey Weinstein’s Use Of Black Cube To Spy On Accusers Becomes Topic At Trial At Harvey Weinstein trial, prosecutors try to overcome image of 'harmless old man'
(DBN)

Lawyer once charged with murder conspiracy sues for use of ‘habitual liar’ informant
(DBN)

Virginia's Democratic-controlled House of Delegates passes seven gun control measures
(DBN)

Girlfriend of Killer Who Inspired Springsteen's "Nebraska" Seeks Pardon
(DBN)

Partner rescued from yacht sunk in 'apocalyptic' fire storm
(DBN)

Furious lawyers berate their firms for ‘dismal, bargain bucket’ pay
(DBN)

Two major banks pull support from Florida school voucher programs because of anti-LGBTQ policies
(DBN)

Judge says jail staff acted with 'indifference' when woman gave birth alone in cell
(DBN)

A man was executed for beating his ex-wife to death. Their kids begged the state to spare his life.
(DBN)

Fotis Dulos Is Dead, But His Attorney Is Trying to Pull Off Something 'Unprecedented'
(DBN)

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Judges:

Judge Vyskocil Receives the John J. Murphy Award
(DBN)

NV: Lloyd D. George Courthouse Operating Re-Opened
(DBN)

Race Narrows For Judge Position In BK WD TN (Memphis)
(DBN)

PACER Fee Battle Pits Nonprofits, Supporters Against Government
(DBN)

The Moment Chief Justice Roberts 'Declined to Read' Rand Paul's Whistleblower Question Senate and John Roberts face possibility of epic tie on witnesses John Roberts will not be silent Wednesday. But the questions he asks will not be his John Roberts publicly rejects Rand Paul's whistleblower question in Senate impeachment trial John Roberts needs to explain why he won't allow whistleblower's name in impeachment trial Sen. Chris Van Hollen to push for John Roberts to decide on impeachment witnesses Senators pose more questions ahead of crucial vote on witnesses Bolton impeachment testimony could be a test for Chief Justice Roberts It's Kind of Amazing How Fast the GOP Turned On Its Former Hero John Bolton Democrats used their impeachment questions to call out Trump’s lies and sexual misconduct Judge Napolitano: Impeachment Would be Mistrial in Real Court For Democrats, Trump isn't hawkish enough on Ukraine. That's not impeachable Trump counters Senate impeachment trial with Midwest visit Narcissism is What's on Trial in the Senate
(DBN)

Federal judge refuses to OK consent decree limiting caseloads for Missouri public defenders
(DBN)

Judge Asks Alleged Rape Victim If She Closed Her Legs. Judicial Ethics Panel Asks Judge To Step Down.
(DBN)

‘Jurist Of The Year’ Resigns Amid Investigation Into ‘Abusive Personal Demands’
(DBN)

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Wall Street:

Dow futures drop more than 100 points as coronavirus keeps investors on edge
(DBN)

Markets stage late rally as investors weigh coronavirus fallout
(DBN)

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Student Debt:

Ohio bar applicant with 'extreme' school debt runs into potential character and fitness issues
(DBN)

This Couple Owes $900,000 In Student Loans - Now, This Happened
(DBN)

Court Decision Erases a Huge Student Debt—Is that Good or Bad?
(DBN)

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Gymnastics:

USA Gymnastics plans to emerge from bankruptcy as Larry Nassar survivors offered settlement USA Gymnastics offers $215 million settlement for Larry Nassar survivors
(DBN)

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Layoffs:

Marquis Yachts may lay off 344 workers, while it seeks a buyer
(DBN)

Slate of N.J. Laws Require Severance Pay in Mass Layoffs and Increased Penalties for Worker Misclassification
(DBN)

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Amusement Parks:

Judge tells Westchester, Standard to meet to work out Playland contract
(DBN)

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Aviation:

The helicopter that crashed and killed Kobe Bryant and 8 others was reportedly not certified to fly in poor visibility
(DBN)

Jewish family who were kicked off flight for 'extremely offensive body odor' now suing for discrimination
(DBN)

Pilots, flight attendants demand flights to China stop as fear mount worldwide
(DBN)

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Cannabis:

Exploring Alternatives to Bankruptcy for Pa. Cannabis Companies
(DBN)

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Football:

Super Bowl Security Threats Range From Terrorism To Coronavirus ... Blackhawks To Patrol Skies During Game, Coast Guard To Swarm Nearby Waterways
(DBN)

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Economy:

U.S. economy grew 2.3% in 2019, the slowest of Trump's presidency BEA: Real GDP increased at 2.1% Annualized Rate in Q4 Q4 GDP: Investment
(DBN)

The Economic Reality That’s Splitting the Country Apart
(DBN)

US Treasury yields rise after briefly sending a recession signal
(DBN)

Fed proposes weakening 'Volcker rule,' key regulation enacted after financial crisis
(DBN)

Weekly Initial Unemployment Claims Decrease to 216,000
(DBN)

Caterpillar earnings top expectations, but CEO warns about ‘global economic uncertainty’
(DBN)

We're growing our deficits for all the wrong reasons
(DBN)

Here’s how we’ll pay for Trump’s trillion-dollar deficits
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

US mortgage rates continue to fall; 30-year loan at 3.51% "Mortgage Rates Basically at Best Levels Since 2016"
(DBN)

HVS: Q4 2019 Homeownership and Vacancy Rates
(DBN)

The new housing crisis
(DBN)

The most popular US metro areas for Gen Z homebuyers, ranked
(DBN)

Confirmation of the RAIT Chapter 11 Plan
(DBN)

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Municipalities:

Bondholders lose appeal over claim on Puerto Rico pension system assets
(DBN)

World's 20 Most Stressed Out Cities
(DBN)

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Oil/Gas:

U.S. refiners, chemical makers pare insurance coverage as accidents boost costs
(DBN)

Pro-refinery factions intensify pressure to negate PES sale agreement
(DBN)

Furie’s sale hearing moves again; Alaska counsel hiring approved
(DBN)

It’s Official, Hummer Is Back As A 1,000-hp Electric GMC Pickup GM relaunches Hummer to re-power its image
(DBN)

Reinstating The Crude Export Ban Would Be A Gift To OPEC and Russia
(DBN)

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Healthcare:

WHO declares deadly coronavirus outbreak a global health emergency Wary of irking China, Trump offers rosy take on virus threat U.S. issues "do not travel" advisory for China Goldman Sachs warns Wuhan coronavirus will hit US economic growth this quarter New coronavirus will likely push China to step up stimulus Satellite photos show the deserted streets of Wuhan as the city enters its 8th day of quarantine What's happening with the coronavirus Coronavirus live updates: China says death toll hits 213, Britain reports first two cases State Department authorizes personnel to evacuate China due to coronavirus 6 Americans now confirmed with coronavirus, CDC says CDC confirms first U.S. person-to-person coronavirus transmission Commerce Secretary Ross says China's coronavirus 'will help' bring jobs back to U.S. Coronavirus vaccine research is moving at record speed Wuhan coronavirus leads Airbnb, Google, Apple, and others to suspend employee travel and close stores as WHO declares global health emergency Cruise ship passengers do not have coronavirus, tests show Facebook steps up effort to fight coronavirus misinformation
(DBN)

The economics of abortion
(DBN)

Trump’s audacious new plan to cut Medicaid, explained
(DBN)

Opioid death rate in the U.S. decreased in 2018
(DBN)

Narrow majority favors 'Medicare for All', broader support for "Public Option"
(DBN)

Trump vs. Medicaid
(DBN)

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Autos:

Elon Musk is beginning to resemble a 'quiet assassin' as the arguments made by Tesla short-sellers 'are eroding,' an expert says Tesla: We'll Sell 500,000 Cars This Year Tesla stock is wrapping up its best month since 2013, adding $40 billion in value in January 'Trampled by a Tesla Semi': Tesla's post-earnings spike burns $1.5 billion of short bets in a single day
(DBN)

FirstCapital says Reagor Dykes sponsor is out, “no hope” for reorganization
(DBN)

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Religion:

Roman Catholic Diocese of Buffalo: Bankruptcy imminent
(DBN)

New Orleans Saints apparently helped shape priest pedophile list, lawyers allege
(DBN)

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Utilities:

‘Fundamentally inadequate’: PG&E faces new blackout restrictions
(DBN)

Judge approves PG&E Tubbs Fire settlements, while Newsom mulls state takeover
(DBN)

PG&E Says It Will Beat Bankruptcy Deadline Despite Dispute With Newsom
(DBN)

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Politics:

Bolton is teaching Trump the difference between loyalty and fealty
(DBN)

Elizabeth Warren’s Little-Known History in an Obscure but Influential Legal Organization
(DBN)

Dershowitz: Trump can't be impeached because he believed his reelection is in the national interest Key questions asked during impeachment trial Trump's lawyers are wrong: Calling witnesses won't lead to endless litigation A Bolton subpoena fight could tie up the Senate for months. That's exactly what Democrats want Asked and answered? Senators have their say in Trump trial Pelosi ‘Diminished Institution of Congress’ with ‘Irresponsible’ Remarks: Impeachment Expert Senate chaplain's velvet voice cuts through impeachment fray Schiff Invokes Clinton Impeachment Rules in Last-Ditch Effort to Prevent Witnessless Trial Democrats' plan to call witnesses in Trump's impeachment trial looks as good as dead Trump trial could end soon; Alexander says no to witnesses GOP Sen. Lamar Alexander, a key impeachment swing vote, says he will vote against witnesses ‘A Shameful Episode in Our History’: Carl Bernstein Scorches Senate for ‘Cover-up’ After Alexander’s Likely Trial-Ending No Vote Alexander: Democrats Proved Their Case, but It's Not Impeachable Two key Republican senators reveal how they’ll vote on Trump impeachment witnesses Republicans set to shut down Democrats' witness demands Trump insists he isn't worried about impeachment: 'This is a happy period' When impeachment collides with foreign policy
(DBN)

Trump campaign previews Super Bowl ad
(DBN)

Beware the Revenge Impeachment
(DBN)

Recording shows access Parnas, Fruman had to Trump at Mar-a-Lago donor event
(DBN)

Bernie Sanders picks up postal workers union endorsement Postal workers union with 200,000 members endorses Sanders Sanders surges, Biden plateaus in latest NBC/WSJ poll of 2020 Democratic primary voters
(DBN)

Barbara Ehrenreich on Her Endorsement of Bernie Sanders and Why Socialism Should Be Fun
(DBN)

Bloomberg Has Already Dropped More Than $100M on Trump Attack Ads
(DBN)

Biden quietly pouring money into Iowa
(DBN)

Retired Army general slams Mike Pompeo, West Point class
(DBN)

America’s democracy is failing. Here’s why.
(DBN)

I had to cancel my health care to run for Congress
(DBN)

AP-NORC poll: GOP more fired up for 2020, Democrats anxious
(DBN)

Nunes filed six lawsuits in 2019. Where are they now
(DBN)

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Agribusiness:

U.S. farm bankruptcies rise 20 percent in 2019 despite federal aid
(DBN)

Trump rallies in Iowa: "If we don't win, your farms are going to hell"
(DBN)

2 Kentucky hemp companies face bankruptcy proceedings Creditors want to force GenCanna into bankruptcy
(DBN)

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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 (17 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (114 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. farm bankruptcies hit an eight-year high: court data US farmers are filing for bankruptcy at the highest rate since 2011
(DBN)

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Intercreditor:

Covenant of Good Faith and Fair Dealing Examined: La Paloma
(DBN)

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Avoidance Actions:

New York Adopts the Uniform Voidable Transactions Act
(DBN)

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Asset Protection:

Sixth Circuit Punts On Tennessee Reverse Piercing Law In Church Joint Venture Case
(DBN)

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Pensions:

A Primer on Termination of Single Employer Defined Benefit Pension Plans in Bankruptcy
(DBN)

Detroit Pension Sues Own Investment Committee over Deputy CIO Pay Raise
(DBN)

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Food/Beverage:

Out of dough, into bankruptcy, now delivering profits
(DBN)

Bar Louie says sale of assets will pay creditors, keep it in business
(DBN)

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Climate:

A 1988 climate warning was mostly right
(DBN)

Heat, high winds may intensify bush fires advancing toward Australia's capital
(DBN)

We may avoid the very worst climate scenario. But the next-worst is still pretty awful.
(DBN)

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Banking:

Becoming Not Deutsche Bank Is Very Expensive Deutsche Bank Q4 Loss Widens
(DBN)

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Defense:

The F-35: $1.5 Trillion and It Can't Shoot Straight
(DBN)

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Risk Management:

Supply chain risk management is back
(DBN)

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Appeals:

Supreme Court: Denying Request to Lift Bankruptcy Automatic Stay Is Immediately Appealable—So Don’t Wait
(DBN)

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Retailing:

Gymboree shops returning to N.J. in 15 locations
(DBN)

Simon Property Group's Rumored Bid For Forever 21 Feels Like Desperation
(DBN)

Fast Fashion Isn’t Dead Yet — And Could Find Retail Rebirth
(DBN)

Forever 21 Proposes Auction to Keep Fashion Chain in Business
(DBN)

The Retail Renaissance Is Coming: Buy For Income, Stay For The Capital Gains
(DBN)

Hallmark stores are closing in 12 states. See if your local store is on the list.
(DBN)

Suppliers seeking to push Canadian lingerie chain La Senza into bankruptcy for unpaid bills
(DBN)

Amazon soars after huge earnings beat Bezos Adds $13.2 Billion to Personal Fortune -- in Minutes
(DBN)

We went inside Nordstrom's new secondhand store and saw how resale is the latest way department stores are reinventing themselves
(DBN)

New credit loss accounting standard expected to pummel retail income
(DBN)

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Sovereigns:

Dechert's Hranitzky Jumps to Quinn Emanuel to Launch Sovereign Disputes Group
(DBN)

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UK:

What changes does the restructuring and insolvency market expect to see in 2020?
(DBN)

Personal insolvencies reach highest annual level since 2010
(DBN)

Why Is A Company That Prints Money Running Out Of Cash?
(DBN)

What happens to 'remainers' after Brexit?
(DBN)

European Union: England Left Some Time Ago
(DBN)

Boris to declare 'dawn of new era' as Britain leaves EU
(DBN)

Pompeo reassures Britain on US relations after Brexit
(DBN)

Furious Katie Price insists she ‘doesn’t need a rich bloke’ and bids to drag herself out of her bankruptcy hell
(DBN)

Huge spike in people taking out IVAs to pay off debts should spark alarm bells, says charity Debt advice risks leaving thousands worse off, warn charities
(DBN)

Details emerge of Norton Motorcycles creditors as administrators continue to seek buyer
(DBN)

Deloitte handed record insolvency fine over Comet failures
(DBN)

Flybe's rescue under State aid rules
(DBN)

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Canada:

Alberta to overhaul 'flawed' scheme that regulates old oil and gas infrastructure
(DBN)

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MENA:

Trump peace plan leaves Palestinian capital walled off from Jerusalem
(DBN)

Struggling with debt? Guide to UAE’s insolvency law that offers a breather
(DBN)

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South Africa:

S.Africa's struggling carrier SAA to cut flights to ease cash flow South African Airways Faces Long Haul After Funding Lifeline
(DBN)

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China:

Pompeo: China is Central Threat of Our Times
(DBN)

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Argentina:

Argentina to present offer to its creditors in March
(DBN)

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Singapore:

Honestbee gets boost from key investor, makes offer to creditors
(DBN)

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