July 21, 2020

The Daily Bankruptcy News

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Law:

Law Firm Pay Cuts to Continue as Pandemic Worsens in U.S.
(DBN)

Haynes & Boone Elects New Leader, Plots Ambitious Growth Plan
(DBN)

T-14 Law School Wants It To Be Perfectly Clear They Aren’t Giving Tuition Refunds
(DBN)

Demand Falls for Lateral Partners and Associates, With 'Slowdown and Hesitation' in Hiring
(DBN)

Law Grad Files $25 Million Lawsuit Claiming Law School Expelled Her For Supporting Trump
(DBN)

Hey, Law School Students! State Offering $18/Hour To Sit In The Middle Of COVID Superspreader Event!
(DBN)

Georgia Cancels September Exam, Moves Online
(DBN)

If You’re Menstruating Or Lactating During The Bar Exam You’re Screwed
(DBN)

New York Law Deans Demand Diploma Privilege For Law School Graduates Instead Of Bar Exam
(DBN)

On Lateral Moves: The Lawyer Gets Paid More, And The Client Gets Screwed
(DBN)

This Elite Law School Provides Some Great Value
(DBN)

Trump mulls loophole, outlined in article, to bypass immigration law
(DBN)

Michael Cohen's lawyers sue, claim he was jailed as retaliation for book: report ACLU sues Trump administration over Michael Cohen's imprisonment
(DBN)

St. Louis Attorneys Patricia and Mark McCloskey Charged for Pointing Weapons at Protesters Missouri Gov. Incorrectly Applies Castle Doctrine Law to Case of Gun-Toting St. Louis Lawyers, Says He Will Pardon Them Anyway
(DBN)

Supreme Court refuses House Dems’ request to speed up Trump tax case litigation Sotomayor Is the Only Justice Who Wants to Fast-Track House's Case for Trump's Tax Returns
(DBN)

Oregon sues US agencies over protest arrests; what gave feds authority to intervene? U.S. officials dismiss calls to leave city Trump suggests he'll send federal agents to other major US cities, saying they've done a 'fantastic job' in Portland 'Wall of Moms' stand between Portland protesters amid clashes with police Homeland Security Tamps Down Portland Unrest By… Teargassing Line Of Protesting Moms Federal officers again tear-gas protesters in Portland Feds conduct surveillance from courthouse, analyze social media videos, post undercover agents in crowds, records show
(DBN)

Homeland Security making plans to deploy some 150 agents in Chicago this week, with scope of duty unknown
(DBN)

Congress to Block Trump's Unmarked Forces
(DBN)

Trump’s Legal Justification for the Abduction of Portland Protesters Is Absurd
(DBN)

Fox's Napolitano rips 'unconstitutional' Trump crackdown on Portland: 'Just plain wrong'
(DBN)

Rand Paul Denounces Use of Federal Force in Portland
(DBN)

Border Patrol is out of control
(DBN)

Shocking Photos from Portland
(DBN)

The unmarked federal agents arresting people in Portland, explained
(DBN)

‘Equal Parts Alarming and Unpersuasive’: Leaked Memo Reveals Intelligence Tracking of American Protesters
(DBN)

Two protesters arrested, 12 officers hurt in Seattle as multiple businesses vandalized
(DBN)

ABA Fact Check: Qualified Immunity Leaves Plaintiffs in Catch-22 When Claiming Police Misconduct
(DBN)

Newly Revealed Whistleblower Complaint Claims State Dept. ‘Blocked’ Officials From Reporting on Pompeo’s Conduct
(DBN)

Lawsuit Accuses Fox News, Tucker Carlson, Sean Hannity, and Other Network Talent of Sexual Harassment
(DBN)

Police Chief Resigns After Allegedly Saying Deputy's COVID-19 Death Due to 'Homosexual Lifestyle'
(DBN)

Supreme Court Learns That If You Give John Yoo An Inch, He’ll Take Unchecked Martial Law
(DBN)

Dog Heist: Man Drove Car into Pet Store, and Stole 6 Puppies, Crime Stoppers Say
(DBN)

Crooks have acquired proprietary Diebold software to “jackpot” ATMs
(DBN)

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Judges:

Belated Ginsburg cancer disclosure renews focus on SCOTUS transparency
(DBN)

COVID-19 Pandemic Propels Court Systems Around the World to Rapidly Digitize Their Practices
(DBN)

Trump has the worst record at the Supreme Court of any modern president
(DBN)

Federal Judge Whose Husband and Son Were Shot at Home Once Sentenced an Admitted Member of 'Most Violent' Cartel Former Cravath Lawyer Named As Suspect In Fatal Shooting At Federal Judge’s Home Suspect in Fatal Shooting at U.S. Judge’s Home Had Big Law Ties Investigators Suspect Men's Rights Activist Lawyer Roy Den Hollander in Shooting of Federal Judge's Family The New Jersey Shooting Suspect Left a Pro-Trump Paper Trail Suspect in shooting of NJ judge's family was lawyer who had case before her challenging the military's male-only draft Suspect in Shooting of Federal Judge's Family, An Attorney, Found Dead: Reports Authorities Investigate Link Between Lawyer's Apparent Suicide, Fatal Shooting at NJ Judge’s Home Suspect in shooting death of federal judge's son is found dead, believed to be attorney Judge Esther Salas in 24-hour protection
(DBN)

Shooting at Federal Judge’s Home Highlights Risks Outside Court
(DBN)

In Latest Filing, Michael Flynn's Attorneys Claim Judge's Attempt to Prolong Litigation is 'Unconstitutional' Michael Flynn urges full appeals court not to rehear case, saying judge 'hijacked' prosecution Flynn Slams Judge Appealing Order To Dismiss Case Against Him
(DBN)

Some Courts Slow Reopening Plans as COVID Cases Rise
(DBN)

Did Justice Sotomayor goof with ‘little if nothing’ phrase? Stickler law prof sees error
(DBN)

Federal Judge Denies Defenders' Bid for Temporary Order to Pause New York City's In-Person Court Reopening
(DBN)

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Wall Street:

Stock futures jump after a strong tech rally on Wall Street
(DBN)

Nasdaq clinches record high as tech stocks propel Dow, S&P 500 ahead of earnings crush
(DBN)

‘Don’t get greedy’ — Mark Cuban warns investors of stock similarities to 1990s dot-com bubble
(DBN)

US stocks slip as investors wait for new coronavirus stimulus from Congress
(DBN)

Here’s what may matter more to investors than a vaccine
(DBN)

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Layoffs:

Nordstrom laid off 521 people in Seattle
(DBN)

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Healthcare:

Global case tally tops 14.5 million as U.S. death toll climbs above 140,000 with new infections still rising
(DBN)

Republican governors have been holding secret conference calls to complain about Trump's chaotic coronavirus response, report says
(DBN)

As Trump Ignores Virus Crisis, Republicans Start to Contradict Him
(DBN)

It’s becoming clear why the US’ response to COVID-19 is terrible
(DBN)

Axios-Ipsos poll: The skeptics are growing about Covid death counts
(DBN)

Trump says he'll resume coronavirus briefings
(DBN)

Trump defends handling of coronavirus with falsehoods and dubious claims
(DBN)

Trump says face masks are ‘patriotic’ after months of largely resisting wearing one
(DBN)

Krugman: Republicans Keep Flunking Microbe Economics - Getting other people sick isn’t an “individual choice.”
(DBN)

Global frustration: Online sentiments about COVID-19 have turned from fear to anger
(DBN)

Fauci says he doesn't regret telling Americans not to wear masks at the beginning of the pandemic
(DBN)

Americans' Social Distancing Steady as Pandemic Worsens
(DBN)

Florida reports over 10,000 new cases of COVID-19 for sixth day in a row ‘You Can’t Fix It By Pieces’: Hialeah Mayor Carlos Hernandez Wants ‘One Plan In Place’ To Fight Coronavirus
(DBN)

Scientists provide conclusive data that mosquitoes can't spread COVID-19
(DBN)

Coronavirus vaccine from Oxford and AstraZeneca shows positive response in early trial AstraZeneca vaccine data appear less competitive, analysts say Don't Hype the Hope for Oxford-AstraZeneca Covid Vaccine Oxford-AstraZeneca Covid Vaccine Study Shows Dual Immune Action
(DBN)

The global clash over a vaccine
(DBN)

How Long Does Covid 19 Immunity Last?
(DBN)

We're still in the early stages of the vaccine race
(DBN)

Oxford Drug Slows 79% of Covid Progression
(DBN)

Moderna Sinks on Second Downgrade, Data From Rival Vaccines
(DBN)

A 24-year-old woman who almost died from the coronavirus during 3 months in the hospital says she regrets not wearing a mask
(DBN)

Unlike the United States, more countries are making masks mandatory
(DBN)

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Education:

AFT warns 1.4 million public education jobs are at risk
(DBN)

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Retailing:

US retail sales rebound, for now
(DBN)

Survey: Only 7% of shoppers trust retailers to keep them safe from the virus
(DBN)

Retailers call on the nation's governors to mandate masks
(DBN)

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Tourism:

The Bahamas is the latest country to close its borders to US visitors, but others are still welcome A sign of things to come? Bahamas welcomed, then shut out U.S. travelers
(DBN)

These 33 Countries Have Banned U.S. Travelers
(DBN)

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Cannabis:

Fight for control over GenCanna heading to court as company emerges from bankruptcy
(DBN)

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Nursing Homes:

ABA president urges Senate to support nursing homes in next COVID-19 stimulus bill
(DBN)

Hotspot states see more COVID cases in nursing homes
(DBN)

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Economy:

Congress returns with only days to pass new coronavirus relief as pandemic rages Talks begin on new coronavirus aid package Virus relief raises heat on at-risk GOP senators
(DBN)

The $600 unemployment boost. Stimulus checks. Government relief is coming to an abrupt end
(DBN)

Watchdog Urges Fed To Loan More Virus Aid to States, Small Firms
(DBN)

"A very dark feeling": Oklahoma jobless lines look like 1930s
(DBN)

Food Stamp Enrollment is Soaring Again
(DBN)

Key senator says he’ll vote for Fed nominee Judy Shelton
(DBN)

In 6 days, millions of unemployed workers will suffer a 50-75% pay cut overnight unless Congress acts Extra $600 in benefits ends next week. It could be "disastrous"
(DBN)

'We can't afford to wait': Many virus relief measures are set to soon expire
(DBN)

We are sleepwalking toward economic catastrophe
(DBN)

Wrangling over virus relief persists despite high stakes
(DBN)

Mnuchin focuses on 'kids and jobs' as GOP crafts stimulus plan
(DBN)

NY Gov. Cuomo says young people at bars are ‘a threat’ to the state’s reopening New York City enters phase four, with big caveats Arizona reopened early to revive its economy. Now, its workers and businesses face even greater devastation. Masked Protesters Interrupt Florida Gov. Ron DeSantis' Briefing, Shout ‘Shame On You!’ Reopening Setbacks In The Sun Belt Could Cause Long Term Economic Damage 'Bingo,' Dr. Anthony Fauci Says. 'The Worst Nightmare Comes True.'
(DBN)

How to waste $1 trillion
(DBN)

Trump may not sign another stimulus bill without a payroll tax cut Trump is doubling down on a payroll tax cut which has slim GOP support and would do virtually nothing to help jobless Americans Trump wants a payroll tax cut in the next stimulus package. It's a bad idea. Trump faces divisions with Senate GOP on virus aid
(DBN)

Republican Stimulus Package Proposal Details Begin To Emerge
(DBN)

Cramer can’t recall a ‘self-inflicted’ disaster in America as bad as coronavirus
(DBN)

Spiking COVID cases raise risk of a W-shaped economic cycle with a 2nd downturn, IHS Markit says
(DBN)

COVID-19 will create a new generation of zombie companies, followed by a wave of business defaults, a bank CEO says
(DBN)

Chinese biotech giant's U.S. subsidiary returns PPP loan after Axios story
(DBN)

About 82 percent of those 50 and older complain of ageism
(DBN)

U.S. Economy Might Be Condemned to Relive the ‘70s
(DBN)

U.S. Indicators Rebounded in June, but July Looking Slower as the Pandemic Worsens and Expiration o f Stimulus Nears
(DBN)

Biden to unveil $775 billion plan to fund universal child care and in-home elder care
(DBN)

Tens of Thousands Protest Racial Inequality
(DBN)

Are You Rich? How the Wealthy Are Defined
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Small-business bankruptcy program adds new risk to home equity loans
(DBN)

How Will Subchapter 5 of the Bankruptcy Code Impact Landlords?
(DBN)

Real estate CEO says a ‘bit of humanity’ needed as concerns over evictions rise
(DBN)

Big mall owners are looking to do deals to salvage bankrupt retailers
(DBN)

Rural real estate prices rise as people consider leaving cities We took the plunge into rural living. Here's how it affected our finances.
(DBN)

New York, L.A. Nightlife Lockdowns Sending Renters to Suburbs
(DBN)

As home shoppers vie for a space of their own, real estate in the Midwest is having a moment
(DBN)

The Damaging Racism Hiding in Mortgages-Even Today
(DBN)

KKR Raises $950 Million for Fund Dedicated to Riskiest CMBS
(DBN)

Manhattan’s Retail Pain Worsens With Fifth Avenue Rent Slide
(DBN)

Commercial Mortgage Delinquencies Near Record Levels
(DBN)

CMBS With Department Store Collateral Feels Coronavirus Negative Impact
(DBN)

The share of Americans skipping their mortgage payments falls to lowest level in two months
(DBN)

State supreme court rules for property owner who lost home over $8 tax debt
(DBN)

____________

Municipalities:

Border Town's Economy Devastated by Coronavirus
(DBN)

Puerto Rico Governor Calls for Referendum on Pension Payments
(DBN)

States, Cities Shelve Public Works as Recession Hammers Revenue
(DBN)

New York Sees Push to Tax Stock Trades With Revenue in Free Fall
(DBN)

Texas Facing $4.6 Billion State Deficit
(DBN)

State-level GDP losses during the pandemic
(DBN)

Ex-Gov. George Pataki warns COVID-19, poor leadership have Big Apple on the brink
(DBN)

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Oil/Gas:

Oil driller Denbury says statement on takeover deal was 'fraudulent'
(DBN)

U.S. Fracking Services Pioneer Files For Bankruptcy
(DBN)

Oil field services co. BJ Services to wind down business in bankruptcy
(DBN)

Judge Isgur Approves Bruin First Day Relief; Approves Rollup, Disagrees With Courts Finding Rollups ‘Prohibited As a Matter of Law’
(DBN)

A Pipeline Is Quietly Ordered Shut in New Signal of Shale’s Woes
(DBN)

Plugging abandoned oil and gas wells could be a jobs boon for the U.S.
(DBN)

New York Stock Exchange Removes Chesapeake Energy After Bankruptcy Filing
(DBN)

Frac sand, tech co. Carbo Ceramics exits bankruptcy with new ownership, CEO
(DBN)

Pandemic Shunts Oil and Gas Storage Tank Biz Into Ch. 11
(DBN)

Halliburton posts third-straight quarterly loss on shale slump
(DBN)

What’s Next For Oil And Gas?
(DBN)

____________

Sports:

Mark Cuban: The NBA has an ‘advantage’ over the NFL with player pandemic safety
(DBN)

CIF postpones fall sports, moves start of California high school sports season to December 2020
(DBN)

Hockey in August isn't even going to be the weirdest part
(DBN)

NFL Players Begin Reporting Despite Unresolved Virus Protocols
(DBN)

Mavericks owner Mark Cuban: 'National Anthem Police in this country are out of control'
(DBN)


____________

Theme Parks:

Disney World bans eating and drinking while walking after guests break face mask rules
(DBN)

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Politics:

'Second in line' Nancy Pelosi: Trump may have to be 'fumigated' out of the White House Pelosi vows that Trump will leave White House ‘whether he knows it yet or not’
(DBN)

Fox News's Chris Wallace just exposed Trump as very few have
(DBN)

Trump tweets photo of himself in a face mask and calls it "patriotic"
(DBN)

The doctor behind a cognitive test Trump called "very hard" says ‘it’s supposed to be easy’ if you’re healthy Can You Pass That Tough Cognitive Test?
(DBN)

Former House Speaker Paul Ryan says Trump is on track to get crushed in the suburbs and the Upper Midwest
(DBN)

Ex-Gov. John Kasich slated to speak at the Democratic National Convention for Joe Biden
(DBN)

Ted Cruz sounds the alarm on Republicans losing Texas in 2020
(DBN)

Jacksonville sheriff says security for GOP convention is "not achievable"
(DBN)

Once a Republican bastion, Arizona is now a key state that could decide the election
(DBN)

Mark Cuban to Ted Cruz: 'Have some balls for once'
(DBN)

Defying Trump, Lawmakers Move to Strip Military Bases of Confederate Names
(DBN)

Surgeon General begs Fox News viewers to wear a face mask and insists 'we are not trying to take away your freedoms'
(DBN)

Kanye West fails to obtain signatures to appear on S.C. presidential ballot
(DBN)

Republicans are right; election fraud is real. They are perpetrating it.
(DBN)

A Study in Self-Pity
(DBN)

How Biden is winning
(DBN)

U.S. Senate confirms Trump nominee who defied subpoena to lead budget office
(DBN)

The End of the Senate Filibuster
(DBN)

____________

Entertainment:

The fall TV season looks doomed
(DBN)

How the coronavirus outbreak is roiling the film and entertainment industries
(DBN)

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Climate:

Melting Permafrost Linked to Impending Environmental Disaster
(DBN)

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New Bankruptcy Opinions
(4 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 (18 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:

World facing bankruptcy time bomb, says study
(DBN)

Bankruptcies surging as coronavirus levels the U.S. economy
(DBN)

Broward Lawyer Braces for Onslaught of Bankruptcy Cases
(DBN)

Weekly Bankruptcy Claims Trading Activity
(DBN)

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Force Majeure:

Force majeure is the clause du jour in commercial leasing during the pandemic
(DBN)

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D&O:

How will D&O insurance evolve with the coronavirus?
(DBN)

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Finance:

5th Circ. PPP Ruling Doesn't Doom Debtors Seeking Loans
(DBN)

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Aviation:

Airlines' social distancing policies are starting to separate their stock prices
(DBN)

U.S. air travel falls for first week since April as coronavirus cases spike Airline stocks fall as travel demand declines for first time in 13 weeks
(DBN)

Delta will require maskless passengers to undergo screening or 'reconsider travel'
(DBN)

Southwest Air says 28% of workers applied to take leave or exit
(DBN)

India’s Top Airline Cuts 10% of Staff in Bow to Virus Impact
(DBN)

Aeromexico investors to discuss debt restructuring on July 31
(DBN)

El Al’s Potential Buyer Offers $75M for 45% of Company
(DBN)

Virgin Australia bondholders submit rival proposal to administrator
(DBN)

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Education:

Educational travel provider Lakeland Tours files in BK SD NY - First Day Dec
(DBN)

Fact-check: Does the coronavirus pose ‘virtually zero threat’ to children, teachers?
(DBN)

Many schools aren’t reopening in the fall. Now what?
(DBN)

Florida's largest teachers' union files suit against state over school reopenings
(DBN)

Missouri's GOP governor says kids who go back to school will get COVID-19 but they'll 'get over it'
(DBN)

New Jersey Schools to Give Students an All-Remote Option in Fall
(DBN)

How to Reopen the Economy Without Killing Teachers and Parents
(DBN)

Summer camps bring ominous virus warning in test run for schools
(DBN)

Only 32% of employers returning to work have child-care plans
(DBN)

On some college campuses, a new fall rite: coronavirus testing
(DBN)

Americans believe universities are heading in the "wrong direction"
(DBN)

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Personal Finance:

Parents' work-from-home struggles are employers' problem too
(DBN)

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Retailing:

J.C. Penney says certain lenders ready to accept business plan with conditions
(DBN)

'Grim reaper special': People react to Winn Dixie supermarkets not requiring masks
(DBN)

20 chains including Walmart, Macys, and Gap will require customers to wear masks. Here's the full list.
(DBN)

John Varvatos Lender Can Credit Bid At Ch. 11 Asset Auction
(DBN)

Ctrl, Alt, Del - Retail Reboot Required Warns Head Of Levis Strauss
(DBN)

Can Insolvencies Be Avoided In The Face Of $3.4 Billion Losses For Airport Retailers?
(DBN)

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Religion:

Saints emails, lawsuits could be buried in church bankruptcy
(DBN)

The Global God Divide
(DBN)

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Small Engines:

Briggs & Stratton, Stalwart of Suburban Lawn Culture, Goes Bust What you need to know about Briggs & Stratton filing for bankruptcy Briggs & Stratton files for bankruptcy as part of proposed sale to KPS Capital Partners
(DBN)

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Food/Beverage:

Meals have to be paid for like theatre tickets
(DBN)

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Summer Camps:

Texas church blames parents after campers test positive for COVID-19: ‘I didn’t force you to send her’
(DBN)


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UK:

British retailer M&S could lay off as many as 950 staff in restructuring, in the latest sign of the pandemic's impact on UK high streets
(DBN)

U.K. Recovery Still Looks V-Shaped, BOE’s Haldane Says
(DBN)

U.K. suspends extradition treaty with Hong Kong
(DBN)

Royal Bank of Scotland Tells Most Staff to Stay Home Until 2021
(DBN)

Young people on benefits double in lockdown
(DBN)

U.K. debt-to-GDP reaches highest level since 1961
(DBN)

____________

EU:

EU leaders reach ‘pivotal’ deal on pandemic recovery fund after marathon summit
(DBN)

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Canada:

Toronto Retailer Mendocino to Close Stores, File Under Insolvency Act
(DBN)

Four months into crisis, consumer confidence stalls in Canada
(DBN)

Four-in-10 near insolvency
(DBN)

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Germany:

Another Bankruptcy For Germany’s BBS Wheels As It Turns 50.
(DBN)

COVID-19 in Germany: Insolvency forecast
(DBN)

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MENA:

Israel to remain closed to foreign visitors until at least September
(DBN)

The Inexorable Collapse of Lebanon
(DBN)

Lebanon is nearing critical stage with a new surge in virus cases: Minister
(DBN)

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India:

Delays to Key India Shadow Bank Insolvency Show Virus Fallout
(DBN)

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BVI:

Constellation: a dazzling success for BVI restructuring
(DBN)

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Australia:

Australia will be left with zombie firms without JobKeeper change: Treasury
(DBN)

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Venezuela:

Key Legal and Policy Considerations in Venezuela’s Potential Debt Restructuring and Economic Recovery Efforts
(DBN)

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Ecuador:

Ecuador reaches deal with creditors over $17.4bn debt
(DBN)

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Argentina:

Argentina Creditors Close Ranks Over Debt Deal as Government Digs In Argentine president tells creditors: “It is impossible for us to move from the last offer” Debt deal at impasse as creditors unite to reject government's offer Argentina’s President Alberto Fernandez rejects creditors’ counter-offer on debt Creditors join forces to demand better terms on debt deal Argentina rejects creditors' offer, says it would cause 'anguish'
(DBN)

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Japan:

Virus brings wave of bankruptcies and consolidation to Japan's travel and retail sectors
(DBN)

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