August 19, 2020

The Daily Bankruptcy News

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Law:

Associates Are Getting Squeezed, but Not Like During the Great Recession
(DBN)

Sheppard Mullin Walks Back Some Covid-19 Lawyer, Staff Pay Cuts
(DBN)

'The Test Is Being Prioritized Over Graduates.'
(DBN)

Law School Grads, Legislators Say N.Y. Online Bar Exam Risky
(DBN)

This Biglaw Firm Is Crushing In Revenue Per Lawyer
(DBN)

Litigation Finance Has Surpassed $1 Billion Raised in Busy 2020
(DBN)

Virus Fallout Ups Pressure on American Bar Association Reboot
(DBN)

Ain’t No Party Like A COVID Party
(DBN)

What Recession? Most In-House Counsel Aren't Worried About Losing Their Jobs
(DBN)

Kamala's Husband's Law Firm's Problems
(DBN)

Top Homeland Security official: “Absolutely” no systemic racism in policing
(DBN)

Protesters Rally Outside Governor’s Mansion To Demand Reparations For American Descendants Of Slaves
(DBN)

6 Officers Injured, 18 People Arrested When Protest Against Police Union Turned into Riot in Seattle: Cops
(DBN)

‘Antifa’ protesters trash Williamsburg Whole Foods, Apple over weekend
(DBN)

Portland man beaten unconscious by BLM mob tried to stop mugging, witness claims • Portland: Man left with serious injuries after being kicked in head by protester
(DBN)

Gov. Greg Abbott proposes Texas cities that defund police have ability to increase property taxes frozen
(DBN)

Cities move cautiously on defunding the police — satisfying neither side
(DBN)

Trump says he’ll send feds if NYC can’t stop bloodshed
(DBN)

Senate report finds Manafort passed campaign data to Russian intelligence officer • Senate Report: Trump Campaign '16 Eager for Foreign Power Help
(DBN)

Ghislaine Maxwell under constant surveillance by prison psychologists: lawyer
(DBN)

Trump pardons suffragette Susan B. Anthony on centennial of 19th Amendment
(DBN)

The 19th Amendment didn’t give women the right to vote
(DBN)

8th Circuit Rules Grand Juror Must Stay Silent on Details of Michael Brown Case
(DBN)

Independent counsel faults Chicago prosecutor's dismissal of Jussie Smollett case
(DBN)

Fed up with anti-maskers, mask advocates are demanding mandates, fines - and common courtesy
(DBN)

Acting Homeland Security chief: "I was not happy" with program that tracked reporters
(DBN)

Virginia state senator faces felony charges after protesters topple Confederate statue
(DBN)

Brazen Thief Drove Car Into Home Depot
(DBN)

License Plate Tracking to Go Nationwide
(DBN)

______________

Judges:

Fraudulent Website/Advance-Fee Scams using EDNY Addresses and Judges' Credentials
(DBN)

This Federal Judge Really, Really Doesn’t Like Too Many Footnotes
(DBN)

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Wall Street:

Stock futures rise slightly after the S&P 500 notches new record, Target leads retail shares higher
(DBN)

Stocks close mixed
(DBN)

Nervous investors with plenty of cash should 'step up' and buy stocks as no big downside lies ahead, chief equity strategist at $1 trillion firm says
(DBN)

CEOs are selling stock. That could be a bad sign for the epic market rally
(DBN)

Bankrupt Stock Speculation Proves That Markets Aren’t Always Rational
(DBN)

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Layoffs:

British retailer M&S to slash 7,000 jobs over the next 3 months following COVID-19 sales slump
(DBN)

RTI International furloughs roughly 1,200
(DBN)

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Healthcare:

WHO: The spread of coronavirus is being driven by people in their 20s, 30s, and 40s who don't know they're infected
(DBN)

New York, Connecticut, New Jersey add Alaska, Delaware to quarantine list • NYC Mayor Orders Hotels to Make Visitors Fill Out Health Forms
(DBN)

5 Deadliest Regions For Coronavirus Deaths in the U.S.
(DBN)

Deaths From COVID-19 Rise Again in the U.S.
(DBN)

Trump attacked Michelle Obama for citing an outdated COVID-19 death toll in her prerecorded DNC speech — 20,000 MORE Americans have died since she recorded her speech
(DBN)

COVID-19 is third leading cause of death in the United States
(DBN)

New Model Predicts 5 New Covid Hotspots
(DBN)

New study says the coronavirus pandemic could end sooner than we thought
(DBN)

America's failed coronavirus response hurts people of color most
(DBN)

Less than half of Americans say they'll get a coronavirus vaccine, poll finds
(DBN)

Coronavirus vaccine should be mandatory in Australia: PM
(DBN)

Want herd immunity? Pay people to take the vaccine
(DBN)

Birx: "I wish that when we went into lockdown, we looked like Italy"
(DBN)

The U.S. is far behind other rich countries in coronavirus response
(DBN)

Hundreds of thousands of bikers converged at the massive Sturgis Rally, one of the biggest gatherings during the pandemic. Mapping their phone data shows where they traveled across the US.
(DBN)

More infectious coronavirus mutation may be 'a good thing', says disease expert
(DBN)

Turning a 12-minute stroll into a 7-minute power walk every day decreases the chance of an early death by 30 per cent
(DBN)

Trump eyes new unproven coronavirus "cure"
(DBN)

Coronavirus symptoms tend to begin in certain order: Fever first, then cough, muscle pain
(DBN)

Two dozen coronavirus cases linked to wedding reception, health officials say
(DBN)

____________

Autos:

Auto defaults rise for the first time in nearly a year
(DBN)

____________

Utilities:

California's searing power crisis
(DBN)

Blackouts Expose Perils And Costs Of California’s ‘Electrify Everything’ Push
(DBN)

FirstEnergy mentions potential financial harm from Householder investigation
(DBN)

Judge OKs most fees in FirstEnergy Solutions bankruptcy • Federal judge approves partial payment of millions in fees to firms involved in FirstEnergy Solutions bankruptcy case
(DBN)

Ohio AG seeks to halt payouts in nuke plants' bankruptcy
(DBN)

____________

Climate:

Blistering heat continues for western U.S. as wildfire threat intensifies
(DBN)

____________

Transit:

NY’s MTA Rejects Bank Bids for Cash Notes as Fed Loan Likely
(DBN)

____________

Hotels:

NYC Hotel’s New Life Shows Lenders Bracing for Mounting Losses
(DBN)

NYC Adds Hotel Requirements In COVID Crackdown
(DBN)

____________

Banking:

Santander Sending Most Workers Into the Office in Virus Hotbed
(DBN)

Brigade Says It Doesn’t Have $175 Million From Citigroup Mistake • Citi Wins Freeze of Hedge Fund's $175 Million Revlon Loan Payment
(DBN)

Citigroup Finds $900 Million Mistakes Are Hard to Undo
(DBN)

____________

Retailing:

Kohl's falls as results illustrate retail's stark divide
(DBN)

Kohl’s sees billions in market share up for grabs as retailers go bankrupt, shut stores
(DBN)

Walmart warns of sales pressure with end of stimulus checks
(DBN)

Home Depot rises as consumers splurge on do-it-yourself projects
(DBN)

Revitalized Payless to open 300 to 500 stores during next five years
(DBN)

Can Payless avoid past mistakes with its new comeback effort?
(DBN)

J. Jill, Destination XL added to S&P's most vulnerable retailers list
(DBN)

Even after lockdowns, we're still spending a lot more money online
(DBN)

Target reports a monster quarter — profits jump 80%, same-store sales set new record
(DBN)

Lowe’s reports blow-out quarter with 30% surge in revenue
(DBN)

____________

Coal:

World's largest miner backs away from coal projects
(DBN)

Uinta Basin coal output drops 11.9% in Q2'20
(DBN)

Top US coal ports post double-digit volume declines in Q2'20 on COVID-19 impact
(DBN)

Coal country envisions paths forward in manufacturing, reclamation and renewables
(DBN)

____________

Music:

Mood Media, the Successor to Muzak, Emerges From Bankruptcy With Plan to Fine-Tune ‘Elevator Music’
(DBN)

____________


Economy:

Virus Alters Where People Open Their Wallets, Hinting at a Halting Recovery
(DBN)

Average CEO earnings soared to $21.3 million last year and could rise again in 2020 despite the coronavirus recession
(DBN)

Millions Face Longer Unemployment
(DBN)

With the S&P at new highs, the ‘actual economy’s in precarious shape,’ Jim Cramer says
(DBN)

How can Wall Street be so healthy when Main Street isn’t?
(DBN)

The war against the dollar is heating up • US dollar slides to lowest level in 2 years as nation grapples with lasting pandemic fallout • Dollar Falls to Two-Year Low as Virus Angst Plagues Outlook
(DBN)

Fed GDPNow latest estimate: 25.6 percent
(DBN)

Fed faces a ‘major challenge’ in making its new inflation strategy official, former governor says
(DBN)

How The Pandemic Is Making The Gender Pay Gap Worse
(DBN)

Trump says coronavirus is 'God testing me' to build economy again
(DBN)

House Democrats consider new push on coronavirus relief • Mnuchin Slams Democrats, But Says Stimulus Talks Could Resume This Week • Mnuchin Hopes for Stimulus Talks, With House Postal Vote Looming
(DBN)

Business groups say implementing Trump's payroll-tax holiday would be 'unfair to employees,' warning some workers could be stuck with a $2,200 tax bill next year
(DBN)

Here’s When $300 A Week Unemployment Benefits May Start
(DBN)

Businesses warn they won't participate in Trump's payroll tax plan
(DBN)

Walmart Sends a Warning to Washington • Walmart Pares Gains Over Fears U.S. Stimulus Checks Won’t Return • WalMart: Spending Fell When Checks Ended
(DBN)

Rep. Gwen Moore calls for expanded Earned Income Tax Credit
(DBN)

August Employment Report Will Show an Increase of Several Hundred Thousand Temporary Census Workers
(DBN)

California Dems’ Proposed Wealth Tax Follows People Who Move Out of the State
(DBN)

Coronavirus forces rethinking of safety net for working women
(DBN)

In Zero-Rate Fed World, Americans Get 5% -- on Late Tax Refunds
(DBN)

Monopoly Power Lies Behind Worst Trends in U.S., Fed Study Says
(DBN)

New research reveals remote working has changed the millennial forever
(DBN)

While other employers plan a remote future, Amazon doubles down on office workers
(DBN)

The catastrophic US coronavirus response is allowing China to stake its claim as the world's dominant superpower, former Fed chair Greenspan says
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

US housing starts smash July forecasts, surge by the most since 2016 • Housing Starts increased to 1.496 Million Annual Rate in July • Housing Starts increased to 1.496 Million Annual Rate in July • Comments on July Housing Starts • US Home Construction Jumps 22.6%
(DBN)

Loans For 1st-Time Homebuyers See Record Delinquencies
(DBN)

Below-average evictions during the pandemic suggest a housing crisis might look different than a projected “tsunami.”
(DBN)

Here are 2020’s hottest housing markets according to ZIP code
(DBN)

The average mortgage closing costs, by state
(DBN)

Housing market is still going strong and propping up the economy
(DBN)

Could housing pull the U.S. out of recession?
(DBN)

Landlords bracing for 'no-show' students as pandemic upends college reopenings
(DBN)

Major cities to be hit worse by homeworking trend, says office landlord CEO
(DBN)

Coronavirus Thwarts Bidding for Costa Hollywood Beach Resort's Unsold Units
(DBN)

This Mall Giant Is Inching Toward Bankruptcy
(DBN)

____________

Municipalities:

Chicago Public Schools' fiscal prospects hinge on state and feds
(DBN)

Puerto Rico creditors say it's time to ditch electric utility's restructuring proposal
(DBN)

On The Future Of Offices And Cities
(DBN)

____________

Oil/Gas:

Lilis Energy shifts bankruptcy plan to sale after Varde investment falls through
(DBN)

New data illustrate the jet fuel demand collapse
(DBN)

____________

Politics:

Trump: 'The only way we're going to lose this election is if the election is rigged' • Trump Floats Invalidating Election Over Mail-In Voting, Says Election May Have to Be Held Again
(DBN)

How Donald Trump polarised postal voting
(DBN)

Krugman: Trump, the Mail and the Unbinding of America
(DBN)

What's the difference between absentee and mail-in voting?
(DBN)

Ballot drop boxes seen as a way to bypass the post office
(DBN)

Louisiana Republican wants to force people to submit a positive COVID test to vote by mail
(DBN)

Inside Washington state's all-mail elections
(DBN)

Postal Service halts some operational changes amid outcry
(DBN)

WSB poll: Trump and Biden are neck-and-neck in Georgia as DNC meet begins
(DBN)

Progressives Are Having Trouble Confronting Their New Reality
(DBN)

Former top-ranking Trump official endorses Biden • Trump calls ex-DHS staffer who endorsed Joe Biden a real ‘stiff’ • Trump faced with photo evidence after he swears he’s never heard of former DHS official Miles Taylor
(DBN)

Cindy McCain details husband’s friendship with Biden for DNC
(DBN)

Colin Powell endorses Joe Biden for president, boosting national security profile
(DBN)

Fox's Chris Wallace lauds Michelle Obama convention speech: 'Really flayed, sliced and diced Donald Trump' • Trump erupts angrily at Michelle Obama's convention takedown • Michelle Obama’s necklace makes her message clear: Vote.
(DBN)

5 winners and 2 losers from the first night of the Democratic National Convention
(DBN)

Putin Ordered 2016 Democratic Hack, GOP-Led Senate Panel Says • A Republican-led Senate panel's report on Russian election meddling threw a wrench into Trump's conspiracies. Here are its biggest findings. • Republican-led Senate panel: Russia interfered in 2016 election to aid Trump, campaign associates had regular contact with Russians • Trump's 2016 campaign chair was a 'grave counterintelligence threat,' had contact with Russian intelligence, Senate panel finds • Trump says he didn't discuss hacked emails with Stone. A bipartisan report says he did • New Senate Intelligence Committee report says Trump campaign was eager for foreign help in 2016 • Senate Intel Committee Concludes Russia Took Advantage of ‘Inexperienced’ Trump Team, FBI Gave Steele Dossier Too Much ‘Credence’ • Senate Report Concludes Russia Used Paul Manafort, WikiLeaks To Boost Trump In 2016
(DBN)

‘We better get worried if Bill gets silenced’
(DBN)

Just 6 of Trump's top donors have given to reelection bid
(DBN)

Bernie: I'll even work with conservatives to stop Trump • Bernie Sanders: "Nero Fiddled While Rome Burned, Trump Golfs" • Bernie Sanders hails a liberal movement in transition, casts Trump as 'threat to our democracy'
(DBN)

Trump campaign ad attacks Biden's mental faculties
(DBN)

Harris gives Biden ticket a big shot of enthusiasm
(DBN)

Jared Kushner dismisses “hysterical” reports, calls 170,000 coronavirus deaths a “success story"
(DBN)

American attitudes toward covid-19 are divided by party. The pandemic itself might undo that.
(DBN)

____________

Education:

School Closures Could Keep 18 Million Parents From Seeking Jobs
(DBN)

Florida education chief tells districts: Don't rush to close schools when covid-19 cases appear
(DBN)

A U.S. university insured itself against a drop in Chinese students
(DBN)

Michigan College Will Digitally Track Students’ Movements At All Times
(DBN)

UNC students rip school for creating COVID-19 ‘cluster---’ after outbreaks
(DBN)

UNC Calling Off In-Person School Seen ‘Clear as Day’ by Students
(DBN)

‘Frats Are Being Frats’: Greek Life Is Stoking the Virus on Some Campuses
(DBN)

Notre Dame’s Coronavirus Outbreak Triples With 80 New Cases In One Day
(DBN)

Michigan State announces remote learning for fall 2020
(DBN)

LA schools to test nearly 700,000 students, staff for coronavirus
(DBN)

Remote College Is Still More Valuable Than a Gap Year
(DBN)

Keeping Schools Closed Is, Yes, Unprecedented
(DBN)

Teachers Pay for  PPE So U.S. Schools Can Reopen
(DBN)

Teens struggle to balance school, family, work amid COVID-19
(DBN)

Amid Pandemic, Support Soars for Online Learning, Parent Poll Shows
(DBN)

____________

Movie Theaters:

Alamo Drafthouse Courts Wary Moviegoers With Free ‘Bill & Ted’
(DBN)

____________

Tourism:

Another Coronavirus Casualty: Florida Tourism
(DBN)

____________

Nursing Homes:

N.J. nursing homes got hundreds of millions of tax dollars to pay workers. So why are some cutting staff?
(DBN)

____________

Maritime:

Maersk sees container demand at pre-COVID levels in first half of 2021
(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 (7 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)

______________

Bankruptcy Statistics:

11 of the biggest bankruptcies so far in 2020 have been major retailers. Here's the full list.
(DBN)

______________

Mediation:

Why Early Mediation is More Effective in Bankruptcy Reorganization Disputes than in Regular Commercial Litigation
(DBN)

Mediation in the Pandemic
(DBN)

____________

Mootness:

Tenth Circuit Holds the Doctrine of Equitable Mootness Applies to Liquidating Plans
(DBN)

____________

Aviation:

Plane cabins could change dramatically because of the pandemic
(DBN)

Boeing plans more job cuts on top of 16,000 announced this spring
(DBN)

Airlines' virus woes deepening
(DBN)

Qatar Airways Pays Over $1.2 billion in Refunds, Offers Alternatives
(DBN)

Cities Should Sell their Airports
(DBN)

Latam Airlines has laid off 12,600 staff since March amid coronavirus crisis
(DBN)

Avianca Seeking Debtor In Possession Financing During Bankruptcy
(DBN)

THAI rehab firm comes under fire
(DBN)

The Price Is Right: Commercial Aircraft Market Offers Bargains For The Bold
(DBN)

____________

Food/Beverage:

Court Shoots Down Dine Global in Applebee’s Franchise Termination Case
(DBN)

Landlords Lose Money When Restaurant Properties Sit Vacant, So Why Not Give Rent Relief?
(DBN)

____________

Sports:

Over 15,000 fans could be in attendance when the Chiefs host the Texans to kick off the 2020 NFL season
(DBN)

Michigan football parents join demands for Big Ten season
(DBN)

Nike, Under Armour and Adidas are among the biggest losers of canceled college football
(DBN)

____________

Fraud:

Lori Loughlin should get 2 months in prison, Mossimo Giannulli 5 months, prosecutors say
(DBN)

New York 'Lottery Lawyer' Charged for Defrauding Lotto-Winning Clients of Millions of Dollars
(DBN)

____________

Taxis:

Uber and Lyft are considering franchise models to avoid shutdowns in California
(DBN)

____________

Student Debt:

Proposal: Cancel $50,000 Of Student Loan Debt
(DBN)

____________

Mail:

'Never seen anything like it': Postal workers raise alarm on mail delays
(DBN)

Postmaster General Louis DeJoy says he will suspend all operational changes to the post office until after the election
(DBN)

Even if Congress rescues the post office, Trump can block the funds
(DBN)

Amazon Postal Deal That Trump Despises Is Actually Profitable
(DBN)

Trump insists absentee ballots are fair, but mail voting is corrupt. That’s nonsense.
(DBN)

____________

Firearms:

Sandy Hook families: Bankrupt gun maker trying to wipe out lawsuit • Remington judge, unswayed by Sandy Hook lawyer claims of ‘weaponization,’ OKs sale process • Judge grants Newtown families a voice in Remington bankruptcy case
(DBN)

____________

Newspapers:

The newsroom was the beating heart of a local newspaper - what's lost when the owner shuts it down?
(DBN)

____________

Small Engines:

Briggs and leading bidder say delay in sale to KPS would cause liquidity crisis
(DBN)

____________

Circuses:

Cirque du soleil creditors on their way to take over the company • Cirque du Soleil creditors win control; TPG, Fosun wiped out
(DBN)

____________

Fitness:

New York fitness centers to open next week; six states keep gyms closed
(DBN)

____________

UK:

M&S to cut 7,000 jobs over next three months
(DBN)

Sunak Told Ending Furlough Risks 2 Million Viable U.K. Jobs
(DBN)

Depression symptoms among the employed in the U.K. have more than doubled since the start of the pandemic
(DBN)

Former Leeds United chief David Haigh declared bankrupt and could face jail if he does not disclose what he did with money stolen from club's previous owners, court rules
(DBN)

PizzaExpress to close down 73 UK outlets as rental costs turn unviable
(DBN)

____________

EU:

Europe clamps down on nightlife to regain grip on pandemic
(DBN)

Only 'good' debt can save Europe's economy: former ECB chief
(DBN)

____________

PIIGS:

Spain's Abengoa begins insolvency proceedings for part of its business
(DBN)

____________

Canada:

Trudeau turns to most trusted aide to guide economic recovery
(DBN)

____________

France:

France mandating masks at all workplaces as virus reawakens
(DBN)

____________

Germany:

Angela Merkel Warns Pandemic Threat Leaves No Room to Ease Restrictions
(DBN)

____________

China:

Chinese hospitals aborted late-stage pregnancies and killed newborns as part of a campaign to purge the Uighur culture, report says
(DBN)

China partygoers cram into Wuhan water park
(DBN)

____________

MENA:

H.R. McMaster: The 3 things Lebanon must do to save itself from chaos
(DBN)

____________

New Zealand:

Trump warns of a 'big surge' of coronavirus in New Zealand, which had just recorded nine new cases
(DBN)

____________

Australia:

Directors’ duties: A refresher on liability and personal asset risk
(DBN)

____________

South Korea:

Seoul's churches, nightlife closes after covid cluster among anti-government congregation
(DBN)

____________

South America:

Virus Rages in South America With Governments Grasping for Clues
(DBN)

____________

Sweden:

Sweden’s face mask debate heats up amid COVID resurgence warning
(DBN)

____________

Argentina:

Bond Traders Are Already Bracing for Argentina’s Next Default
(DBN)

Argentine bonds shrug off debt deal as gloomy economic outlook weighs
(DBN)

____________

India:

IBC ordinance shields against covid-19 insolvencies
(DBN)

Bankruptcy stick helps seal 9.7k cases with Rs 3.7L crore claims
(DBN)

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