January 9, 2020

The Daily Bankruptcy News

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Law:

Ex-Jones Day Associates Blast Bid for Sanctions in Gender Bias Lawsuit Jones Day Women ‘Rebuke’ Sanctions Bid, Say Firm Hides Pay Data
(DBN)

Houston Bankruptcy Lawyer Alleges Kasowitz Fired Him Amid Compensation Dispute Ex-Kasowitz Bankruptcy Partner Says Firm Stiffed Him On Pay
(DBN)

It’s New Partner Season, But What’s a Partner Anymore?
(DBN)

Changes to US News Law School Rankings Met With Skepticism
(DBN)

The Price Tag Of Law School Doesn’t Make Any Sense
(DBN)

Carlos Ghosn Lashes Out At Latham & Watkins U.S. Legal Firm Hired by Nissan Becomes Target of Ghosn’s Wrath
(DBN)

Gaming Billionaire Gambles On Stiffing His Lawyers… Loses
(DBN)

More Law Firms Should Use Honesty Boxes To Solicit Feedback From Employees
(DBN)

Biglaw Firm Announces Generous Expansion Of Parental Leave Benefits For Lawyers
(DBN)

Can Better Negotiation Help Women Lawyers Shrink the Gender Pay Gap?
(DBN)

How to kick off 2020 with more productive business meetings
(DBN)

Public Interest Organizations Must Use Their Surge In Donations To Pay Their Lawyers A Living Wage
(DBN)

Rod Rosenstein, joining law firm, reflects on tumultuous time at Justice Rod Rosenstein lands new gig at law firm Rosenstein on his time in Trump administration: 'We got all the big issues right'
(DBN)

Maybe Hiring Sidney Powell Was A Huge, Monstrous Mistake For Michael Flynn
(DBN)

The meaning of ‘assassination’ takes on significance in debate over legality of Soleimani killing
(DBN)

Startup raises money from Jeb Bush and Bill Gates to stop mass shootings
(DBN)

U.S. to start collecting DNA from people detained at border
(DBN)

The Trump administration will start sending Mexican asylum seekers to Guatemala
(DBN)

Appeals Court Lifts Stay on Money for Border Wall
(DBN)

Harvey Weinstein asks judge in rape case to withdraw due to ‘prejudicial and inflammatory’ comments Jury selection in Harvey Weinstein's trial underway
(DBN)

Judge orders Google to turn over Jussie Smollett's emails, data
(DBN)

Cash-strapped student charged in Illinois lawyer's death
(DBN)

Avenatti's Ex-Wife Must Give Up $700K In Ex-Law Partner Suit
(DBN)

Second Amendment 'sanctuaries' will never hold up in court
(DBN)

Colorado uses its gun seizure law for the first time - one day after it took effect
(DBN)

It's (almost) always the husband: Why the arrest of Fotis Dulos shouldn't shock us
(DBN)

What 'Marriage Story' got right (and wrong) about divorce, according to lawyers
(DBN)

Krugman Says Hacker Downloaded 'Child P---' Using His IP Address
(DBN)

Stabbings, shootings, assaults weigh on US Jewish youth
(DBN)

DOJ: Too late to pass Equal Rights Amendment The drive to ratify the Equal Rights Amendment, explained
(DBN)

Sex offender’s quest for ‘Better Off Dead’ name change bites the dust in appeals court
(DBN)

Oops! Cops backtrack after touting big marijuana bust
(DBN)

1L Texts Law School Transcript Screenshot In Failed Hookup Bid
(DBN)

______________

Judges:

Inside Antonin Scalia’s FBI File
(DBN)

Ruth Bader Ginsburg says she is starting 2020 "cancer free"
(DBN)

Judge accused of courthouse threesome is suspended Judge Accused Of ‘Recreational Impleading’
(DBN)

Lawyers for Harvey Weinstein Call for NY Judge's Recusal in Criminal Trial Weinstein Defense Wants Judge to Recuse Himself Due to Outburst Over Cell Phone in Court
(DBN)

Federalist Society official Leonard Leo embarks on a new conservative venture Federalist Society Leader Will Head Pro-Trump Dark Money Group in 2020
(DBN)

Judge Pick Would Ax Tweets on Clinton, Obama, if Confirmed
(DBN)

The Trump administration’s subtle, devious plan to dismantle abortion rights
(DBN)

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Wall Street:

US futures point to higher open
(DBN)

Stocks rise, lifting Nasdaq to a record, after Trump’s comments on Iran attack ease tensions
(DBN)

Red Flags Emerge With Record-High Stocks Brushing Aside Political Turmoil
(DBN)

______________

Layoffs:

SoftBank-backed Zume is laying off half its staff and shuttering its pizza delivery business
(DBN)

Macy's is closing a call center in a move that will affect 800 jobs
(DBN)

Occidental Petroleum is slashing jobs ‘significantly’ in a cost-cutting move Occidental starting widespread layoffs in Houston and beyond
(DBN)

Walmart unveils a grocery-picking robot to take on Amazon and Kroger
(DBN)

Coal producer announces pending layoffs of 65 workers in WVa
(DBN)

CollegeHumor Hit With 100-Plus Layoffs
(DBN)

Fort Washington mortgage company to lay off 101, wind down operations
(DBN)

Mack Trucks to lay off about 305
(DBN)

Credit Card Payment Processing Company Will Lay Off 139
(DBN)

Aramark to lay off 126
(DBN)

More than 130 Wesley Gardens employees laid off
(DBN)

______________

Retailing:

More than 1,700 stores are closing in 2020 as the retail apocalypse drags on. Here's the full list.
(DBN)

Six Predictions for the Retail Sector in 2020
(DBN)

Macy's is closing more 30 more stores
(DBN)

Fairway Market on the Verge of Second Bankruptcy
(DBN)

Kohl's shares downgraded as it faces sales, margin pressures
(DBN)

Leaked email from Barneys execs tells employees they haven't been paid due to a 'cyber incident'
(DBN)

Walgreens slumps after earnings miss estimates
(DBN)

Bed Bath & Beyond CEO Pulls Forecast, Promises a Comeback Plan
(DBN)

Forever 21 unveils e-commerce first focus following bankruptcy
(DBN)

Forever 21 Accused by Creditor of Inflating Sales Projections
(DBN)

____________

Dairy:

Lenders condemn Borden Dairy for 'surprise and value-destructive bankruptcy'
(DBN)

America’s Dairy Giants Are Going Bankrupt As Plant-Based Milk Takes Over
(DBN)

Why Borden Dairy’s Bankruptcy Filing Might Be A Glass-Half-Full Scenario
(DBN)

Wisconsin farmers worry about impact of large dairy producers filing for bankruptcy
(DBN)

The Potential Ripple Effect of Borden Dairy’s Bankruptcy Filing
(DBN)

____________

Autos:

Tesla worth nearly as much as GM and Ford combined
(DBN)

Ghosn regrets not accepting US offer to lead GM for double his salary Still Talking: Ghosn Names Names at Nissan, Wishes He’d Taken Up Obama on That Whole GM Thing Ghosn outlines 'conspiracy', admits to working on alliance with FCA
(DBN)

Takata air bags trigger recall of another 10 million U.S. cars Takata recall of 10M inflators could be last of air bag saga
(DBN)

____________

Student Debt:

Bankruptcy case could make it easier to erase student debt - SK SD NY Chief Judge slams harsh standard imposed on student loan borrowers - Brunner test is "myth" The Opinion
(DBN)

Education Department could face new sanctions for violating a court order over debt collection
(DBN)

Here's how to decide whether you should refinance your student loans
(DBN)

Son’s Ex-Girlfriend Breaks Up With Student Loan
(DBN)

AARP to focus on drug price transparency, student loan debt and more
(DBN)

Colorado would repay first 2 years of student loans for grads who stay in state under “Get On Your Feet” bill
(DBN)

____________

Pharma:

Drug prices are rising again
(DBN)

____________

Aviation:

Boeing outlook after 737 plane crashes in Iran Iran crash presents embattled Boeing with new crisis
(DBN)

Avianca Secures Turnaround Agreement
(DBN)

____________


Economy:

ADP: Private Employment increased 202,000 in December
(DBN)

U.S. Consumer Borrowing Cools on Drop in Credit-Card Balances
(DBN)

World Bank trims 2020 growth forecast amid slow recovery for trade, investment World Bank Issues Warning on Global Debt World Bank warns of global debt crisis following the fastest increase in borrowing since the 1970s
(DBN)

This Is the Scariest Gauge for the Bond Market
(DBN)

Companies Bracing For Recession This Year Claims Grant Thornton Minimal 'signs of recession' for global economy in 2020: Strategist U.S. economy will have a sluggish start in 2020, but skirt a recession Yield Curve Inventor Warns Investors to Prepare for Recession
(DBN)

A shocking number of Americans are living paycheck to paycheck
(DBN)

Global Growth Poised for Modest Pickup This Year in Face of Stubborn Risks
(DBN)

The Economy Is Expanding. Why Are Economists So Glum?
(DBN)

Unemployment is low, but economy isn’t working for everyone, Bloomberg says ahead of Texas visit
(DBN)

'We didn't ask for a meditation app, we want to be able to pay our rent': Starbucks is offering new mental health benefits, but employees are demanding different kinds of support
(DBN)

Tariffs Are Having a Bigger Effect on U.S. Manufacturing Than Initially Thought
(DBN)

US tech tariffs: a bull in France's china shop
(DBN)

The World's Most Powerful Militaries
(DBN)

New Immigration Fees To Hit Businesses Hard
(DBN)

Men who are unemployed are more likely to take on female-dominated jobs — and may experience advantages
(DBN)

United States of Debt: How did the US go from debt free to owing $22 trillion?
(DBN)

Michael Bloomberg unveils economic plan
(DBN)

Who are the Boomers, Gen X, Millennials & Z?
(DBN)

Millennials are migrating north
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

Foreclosure Adjournment: Does Continue Really Mean Continue?
(DBN)

The shortage of homes for sale is getting much worse, even in luxury
(DBN)

U.S. home values rise to record $29.2 trillion, Fed says
(DBN)

Real estate bidding wars return to another 10-year low in December
(DBN)

Houston Real Estate in December: Sales up 14.7% YoY, Inventory Up 3.6%, Record Sales Year
(DBN)

Seattle Real Estate in December: Sales up 18.7% YoY, Inventory down 24.6% YoY
(DBN)

MBA: Mortgage Applications Decreased Over Last Two Weeks in Latest Weekly Survey
(DBN)

Bankruptcy trustee: Claims against GOMO could be invalid
(DBN)

Wealthy Towns Keep Housing Vouchers Out
(DBN)

As Trump Ditches a Fair Housing Rule, New York City Doubles Down
(DBN)

I Actually Won a Home in One of Those Crazy Contests. Here's What Happened Next
(DBN)

WeWork is still growing. That’s not necessarily a good thing.
(DBN)

____________

Municipalities:

Puerto Ricans sleep outside, wait for power after 'devastating' quake Puerto Ricans flee damaged structures, fear more earthquakes Puerto Rico earthquakes: State of emergency declared as millions are left without power Deadly Earthquakes Rock Puerto Rico, Causing Mass Power Outages
(DBN)

More than 2 years after Hurricane Maria, earthquake shows Puerto Rico electric grid remains 'fragile'
(DBN)

Democrats slam Trump on Puerto Rico, demand swift response to earthquake
(DBN)

After Homes Collapse in Earthquake, Puerto Ricans Ask: Are We Safe?
(DBN)

Puerto Rico judge rejects ERS bondholders’ request to be named trustee
(DBN)

With school revenues at record highs, why are California districts facing insolvency?
(DBN)

____________

Oil/Gas:

Oil sinks 5% to under $60, after Trump says Iran is ‘standing down’ in Middle East fight
(DBN)

Oil lobby fends off 2020 candidates' calls to ban fracking with new ad campaign
(DBN)

FactCheck: US is Oil Independent
(DBN)

Private equity, venture capital putting money into solar development
(DBN)

The Latest Texas Oil Boom Has Sent Emissions Soaring
(DBN)

Billions In Worthless Assets Plague The Oil & Gas Industry
(DBN)

____________

Politics:

Growing number of Senate Democrats want Pelosi to send impeachment articles McConnell has it right on impeachment Graham to submit resolution calling on Pelosi to 'immediately' send articles of impeachment McConnell says 'no haggling' as impeachment standoff deepens Republicans spar over strategies for impeachment trial
(DBN)

Trump responds to missile strikes: "Iran appears to be standing down" Trump Backs Away From War With Iran After Harmless Attack What were Iran's goals with the attack on bases in Iraq? Iran's Revenge Plans Bigger Than Missiles Iran's Revenge May Play Out Over Years FactCheck: Trump's Speech on Iran U.S. officials knew Iranian missiles were coming hours in advance Iran Deliberately Missed Hitting US Targets Trump is stepping away from the brink of war with Iran after a missile attack. But the fight isn't over. Do Americans Approve of Trump's Handling of Iran? Trump says US will hit Iran with ‘punishing economic sanctions’ after attacks on Iraqi bases Oil falls 4% after Trump says Iran is ‘standing down’ in Middle East fight Five takeaways from President Trump's deranged speech on Iran Security officials brief Congress as Iran conflict appears to de-escalate Donald Trump Says U.S. and Iran 'Should Work Together' Against ISIS, 'Embrace Peace' After Missile Strikes Satellite images show damage to bases damage after Iran launched a missile attack on US and coalition forces in Iraq Killing Iran's Soleimani was 'hasty decision' decision by Trump that could still have consequences U.S., Iran back away from imminent conflict as Trump says he is ready for peace 'with all who seek it' FactCheck: Trump Distorts Iran Payout Crisis eases, but neither side shows will to compromise
(DBN)

GOP Sen. Mike Lee calls Soleimani briefing the "worst" he's ever seen GOP Senator Goes Off: Trump Admin Briefing on Iran Was ‘Insulting' and 'Demeaning' to the Constitution “Probably the worst briefing I’ve seen”: Inside the disastrous congressional Iran meeting House to vote to curtail Trump's war powers against Iran Paul, Lee Rip Trump Over Iran Briefing
(DBN)

Trump Wants to Hide the Taxpayer's Cost of His Family's Trips Trump Wants to Keep Secret Service Travel Bill Out of Public View
(DBN)

Pew: Across 33 countries, 64% of people have no confidence in Trump How people around the world see the U.S. and Donald Trump in 10 charts World Still Likes US, Trump Not So Much
(DBN)

I am a Republican, and I hope the Democrats pick a candidate I can vote for
(DBN)

DNC chair to hit Trump on health care in battleground states tour
(DBN)

Bloomberg's $10 million Super Bowl ad highlights his unconventional approach
(DBN)

Bloomberg says he will take on Trump over the economy—and his VP would cover education
(DBN)

Sanders win fear growing among Dem establishment
(DBN)

What U.S. State Population Changes Mean for American Elections
(DBN)

Voting machines touted as secure option are actually vulnerable to hacking, study finds
(DBN)

'American Oligarchs' Reveals How Trump, Kushner Families Learned To Work The System
(DBN)

Warren's Base Getting Anxious
(DBN)

Facebook will continue letting politicians lie in ads
(DBN)

____________

Agribusiness:

China pork tariffs ruined 'opportunity of a lifetime' for U.S. farmers
(DBN)

Farm income is down, prices continue low. Stress grows.
(DBN)

____________

Fraud:

Delaware Bankruptcy Court Approves Settlement of Alleged Violation of Massachusetts Telemarketing Laws
(DBN)

This CEO lived the high life. Now his executives face charges over Ponzi-like scheme, officials say
(DBN)

____________

Crypto:

Vulture Investor Is Looking to Buy QuadrigaCX Creditors’ Claims
(DBN)

____________

Utilities:

California lawmakers eye back-up power for cellphone towers
(DBN)

____________

Distressed Investing:

Leveraged Loan Investors Brace for Repricings, Lower Yields
(DBN)

____________

Religion:

Catholic Church Shields $2 Billion in Assets to Limit Abuse Payouts
(DBN)

Diocese of New Ulm reorganization plan going to claimants for a vote
(DBN)

____________

Banking:

Four Bank Failures in 2019
(DBN)

____________

Mass Torts:

Summary: New Chapter 11 Filing - Paddock Enterprises LLC
(DBN)

____________

 


New Bankruptcy Opinions
(3 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (18 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (10 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:

Insolvencies to rise in 4 out of 5 countries in 2020
(DBN)

Commercial Bankruptcy Filings, Calendar Year 2009-19 Commercial Chapter 11 Filings, Calendar Year 2009-19
(DBN)

Farm bankruptcies hit nine-year high; impact of higher debt cap remains unclear
(DBN)

______________

Third Party Releases:

A Stern Rebuke: Bankruptcy Courts have Constitutional Authority to Confirm Plans Containing Nonconsensual Third-Party Releases
(DBN)

____________

Adequate Protection:

Determining Diminution in Value: Key Issues on Valuing Adequate-Protection Claims
(DBN)

____________

Bankruptcy Reform:

The Americans Joe Biden Left Behind on the Bankruptcy Bill
(DBN)

Warren Proposes Far-Reaching Consumer Bankruptcy Reforms
(DBN)

____________

Sales:

Delaware Confirms the High Threshold for Material Adverse Effect Claims and Interprets ‘Commercially Reasonable Efforts’
(DBN)

____________

Jurisdiction:

Sixth Circuit Holds Bankruptcy Court Has Jurisdiction Over Rejection of Power Purchase Agreements
(DBN)

Sixth circuit weighs FERC authority over rejection of power contracts in bankruptcy
(DBN)

____________

Arbitration:

5th Circuit: Agreements to Arbitrate Enforceable Despite Conflicting Terms
(DBN)

____________

Pensions:

Texas ERS Could Become Insolvent 20 Years Earlier than Previously Anticipated
(DBN)

____________

Climate:

Earth posts second-hottest year on record to close out our warmest decade Hottest decade on record
(DBN)

Alaska experienced its hottest year on record in 2019
(DBN)

The Shocking Size of the Australian Wildfires
(DBN)

As Australia burns, its leaders are clinging to coal
(DBN)

U.S. Had 14 Weather Disasters Costing $1 Billion or More in 2019
(DBN)

Boomers: You can still be heroes in the story of climate change
(DBN)

Climate Threat Spurs Record Sales of Sustainable Bonds and Loans
(DBN)

____________

Baseball:

Red Sox reportedly stole signs illegally during Word Series run
(DBN)

____________

Healthcare:

Financially troubled Brattleboro Retreat may close a quarter of its beds
(DBN)

Bankruptcy court rejects Americore's creditors list as deficit
(DBN)

Bankruptcy judge orders closure of embattled Bridgeport nursing home
(DBN)

Cancer death rates drop by largest amount on record in U.S.
(DBN)

____________

Tax:

According to the IRS, Your Chances of Getting Audited Are Pretty Much Nil The taxman does not cometh
(DBN)

IRS’s Failure To Collect From Tax Cheats Could Cost You $3,000 A Year
(DBN)

____________

Labor:

New UAW President Under Fed Investigation
(DBN)

____________

Celebs:

KPMG reveals creditors set to lose millions owed by failed Jamie’s Italian chain
(DBN)

____________

UK:

‘Zero tariffs, zero quotas’ — EU wants ‘unprecedented’ trade deal with UK
(DBN)

EU says its relationship with the UK will never be the same post-Brexit
(DBN)

Ted Baker's lenders hire restructuring experts for independent review
(DBN)

____________

PIIGS:

Stripping Italy's Atlantia of motorway concession may not be easy
(DBN)

Smaller Italian banks with outdated business models at risk-Bank of Italy
(DBN)

The IMF Leaves, But Greece’s Rescue Isn’t Over
(DBN)

Greek economy: will reality collide with fresh optimism in Athens?
(DBN)

____________

MENA:

Only 23% of American voters can identify Iran on world map
(DBN)

Can Iran afford war? These 6 charts shed some light
(DBN)

71 Percent of Americans Believe War With Iran is 'Likely' Within Next Few Years: Poll
(DBN)

Trump vows new sanctions on Iran in bid to escalate 'maximum pressure' campaign
(DBN)

Crash Of Boeing 737 In Iran Raises Questions Ukrainian Embassy Retracts Statement Blaming Iran Plane Crash on Engine Failure Speculation is mounting over whether the Ukrainian plane that crashed in Iran was shot down as the investigation runs into political roadblocks Boeing sees $4.3 billion of market value erased after a fatal 737 crash in Iran Ukraine investigators considering possibility missile brought down passenger plane over Tehran Did Iran Shoot Down Ukraine Air 737?
(DBN)

____________

China:

China’s manufacturing exodus set to continue in 2020, despite prospect of trade war deal
(DBN)

U.S. commission says China may be guilty of "crimes against humanity"
(DBN)

Chinese Fertilizer Firm Is Test Case for Local Bond Recasts
(DBN)

____________

Japan:

Ghosn complains of 'corrupt, inhumane' justice system in Japan in first public appearance since escape Japan Launches Counterattack on Ghosn Ghosn Defends His Escape From Japan: 'No Way I Was Going To Be Treated Fairly' Fugitive ex-Nissan boss Carlos Ghosn blasts Japanese justice. It was escape or 'die in Japan' Fugitive ex-Nissan boss Ghosn hits out at carmaker and Japan Defiant Ghosn Invokes Pearl Harbor, Shows Fabled Brashness Carlos Ghosn: Reports of my escape are inaccurate Lebanon reportedly imposes travel ban on Ghosn after questioning over warrant
(DBN)

____________

Germany:

Is Germany’s Economy In Crisis? Factory Orders Decrease 1.3% In November
(DBN)

____________

Argentina:

Argentina Central Bank Seeks to Cut Rates and Slow Inflation
(DBN)

Argentina prevails vs hedge fund in GDP-linked securities lawsuit
(DBN)

____________

India:

Union Cabinet Clears Proposed Change to Insolvency and Bankruptcy Amendment Bill
(DBN)

In a first, IBC process ordered for failing to pay an insolvency services company
(DBN)

Jet Airways insolvency: IDBI Bank and IOB say cant fund the process further
(DBN)

Creditors’ wisdom should be heeded
(DBN)

____________

Australia:

Australia’s sixth-largest wine company, McWilliam’s Wines, appoints voluntary administrators
(DBN)

____________

South Africa:

Load shedding implemented for 24 hours as Eskom ‘breaks down’ Eskom too broke to rein in toxic pollution World Bank cuts South Africa GDP forecast on Eskom fears
(DBN)

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