September 4, 2020

The Daily Bankruptcy News

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Due to the Labor Day holiday, The Daily Bankruptcy News will not publish on Monday September 7, 2020



Law:

Kelley Drye Latest Firm to Roll Back Some Virus-Related Pay Cuts
(DBN)

Skadden Announces Layoffs Across U.S. Offices • Skadden Lays Off Some U.S. Professional Staff Amid Covid-19
(DBN)

Furloughs Turn Into Layoffs At Yet Another Am Law 100 Firm
(DBN)

Nixon Peabody Makes Another Round of Layoffs While Restoring Some Staff Pay • Nixon Peabody Lays Off Some Furloughed Workers As Big Law Cuts
(DBN)

Biglaw Firm Dials Back Austerity Measures For Everyone, Except Partners
(DBN)

Associates Really Love This D.C. Biglaw Firm
(DBN)

D.C. Bar Law Firm Ownership Rules May Be in for More Changes
(DBN)

July Bar Exam Scores Are Way Up, But The Number Of People That Took The Test Is Way Down
(DBN)

Moral Fitness, Character, And COVID-19
(DBN)

Bar Examiners Ask Applicants To Kindly Stop Being Diabetic For A Couple Days
(DBN)

ExamSoft Responds To Multiple Reports That Software Compromises Security
(DBN)

Linklaters tells staff they can work remotely 50% of the time, setting City bar
(DBN)

Wannabe lawyer compels 16 firms to hand over their interview notes on him
(DBN)

AG Bill Barr Gonna Git That Antifa!
(DBN)

TX: Asst. AG Loses Job Over Racist Tweets
(DBN)

Barr gives false voter fraud example
(DBN)

Cleary associate suspended for repeated cocaine use
(DBN)

Video shows Australian police making arrest of pregnant woman at her home for promoting an anti-lockdown protest on Facebook
(DBN)

Fans are flocking to support the US Army officer who was suspended for a Holocaust joke in his TikTok video
(DBN)

Judge orders Trump Organization to court for subpoenas eyeing asset valuation
(DBN)

Bill Barr Confirms Trump’s Accusations That Obama and Biden Committed Treason Are Legally Meaningless
(DBN)

Federal Judge Finds Certain Trump Administration Redactions of Mueller Probe Are Lawful
(DBN)

Critics Roundly Dismiss Trump’s ‘Anarchist Jurisdictions' Memo as 'Unlawful': 'Might as Well Have Been Written in Crayon...'
(DBN)

In Views of Democracy, Widening Partisan Divides Over Freedom to Peacefully Protest
(DBN)

Barr suggests law enforcement could be sent to polling places over 'criminal threat'
(DBN)

Would the United States military intervene in the election results?
(DBN)

Ahmaud Arbery's killing was met with silence. His high school football coach vowed to find justice.
(DBN)

Suspect in fatal Portland shooting of right-wing activist killed by authorities during attempted arrest • Michael Forest Reinoehl, Suspect In Fatal Portland Shooting Of Right-Wing Protester, Killed By Officers During Arrest
(DBN)

Laughing Cops Hood and Choke Black Man • Protests erupt as Daniel Prude’s family calls for Rochester cops to face murder charges • Seven Rochester Cops Suspended with Pay After Video Revealed Arrest That Led to Daniel Prude's Death
(DBN)

Rochester cop reportedly arrested protester for 'being an idiot'
(DBN)

A White professor says she has been pretending to be Black for her entire professional career
(DBN)

Kenosha Shooter’s Defense Is a Gun-Rights Fantasy
(DBN)

Family calls for charges after mentally ill Black man dies of asphyxiation following police incident
(DBN)

Colorado man's death highlights unrepresentative White, suburban police departments
(DBN)

DC police say Black shooting victim 'brandished a firearm'
(DBN)

Court Refuses Qualified Immunity for Alabama Cop Who 'Insulted' and Killed Man Who Was Trying to Help Stray Dog
(DBN)

Louisville Cops Shoot Breonna Taylor In Her Sleep, Name Her As ‘Defendant’ In Her Ex-Boyfriend’s Plea Deal
(DBN)

'You Africans are so violent': Woman goes on a racist tirade at three black joggers on an LA beach and calls 911 claiming they 'assaulted her'
(DBN)

Why a Civil Rights Veteran Thinks the Protests Are More Like 1963 than 1968
(DBN)

A White officer is charged in the fatal shooting of a Black man under California's tougher deadly-force law
(DBN)

Alabama High School Football Game Canceled After Frightening Social Media Posts
(DBN)

As protesters arrive at their doorsteps, Democratic mayors in Portland, St. Louis abandon their homes
(DBN)

Man Admitted He ‘Probably’ Killed His Wife After Argument Over Sex, Then Shot Two Neighbors: Cops
(DBN)

Federal Court Rules Government Broke the Law by Spying on 'Millions of Americans,' Credits Edward Snowden
(DBN)

Police: Woman assaults 12-year-old boy for carrying Trump campaign sign, tries to steal it
(DBN)

In Act of Heresy, N.R.A.’s Former No. 2 Calls for Gun Control
(DBN)

Attorneys Sanctioned $85,000 for Filing ‘Baseless’ Suit
(DBN)

Muslim ICE Detainees In Florida Given Choice Between Rotten Food And Pork
(DBN)

Accusers Oppose $35M Weinstein Insurance Settlement of Sexual Misconduct Claims
(DBN)

Federal court blocks Trump administration's abortion "gag rule" in Maryland
(DBN)

Video Shows Man Trying to Kidnap Infant Who Was in a Shopping Cart at Grocery Store, Police Say
(DBN)

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Judges:

How Judge David Jones has adapted his court to the pandemic as bankruptcies spike - Houston Business Journal
(DBN)

Trump-Appointed Judge Strikes Down Trump Admin Rule Targeting Children of LGBTQ Couples
(DBN)

Liberals Test Supreme Court's 'Shadow Docket' in Attempt to Stop Trump Admin from Illegally Funding Border Wall
(DBN)

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Wall Street:

U.S. stock futures reverse losses as investors focus on Big Tech
(DBN)

Stocks plunge, with the Dow dropping more than 800 points as tech shares snap a 10-day win streak • Stock market sell-off: Four market analysts explain the move
(DBN)

Darkest Quant Fears Ring True in $1 Trillion World of Smart Beta
(DBN)

Markets are facing a potential ‘Minsky moment’ collapse, strategist says
(DBN)

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Layoffs:

Juul May Lay Off More Than 50% Of Its Workforce, Report Says
(DBN)

Virgin Atlantic Plans Job Cuts After $1.6 Billion Rescue
(DBN)

Schenectady school officials eye 400-plus layoffs as budget woes grow
(DBN)

Steelcase reducing workforce by 460
(DBN)

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Politics:

Trump: Americans Who Died in War Are ‘Losers’ and ‘Suckers’ • Trump denies report he called U.S. service members buried in France 'losers', 'suckers'
(DBN)

This is the widest presidential battleground in a very long time • Biden Pours Massive Fundraising Haul Into Battlegrounds
(DBN)

Biden has 69.4% chance of winning election: FiveThirtyEight • Betting Market Shows Trump Big Underdog • Poll: Biden up by 2 points in North Carolina
(DBN)

Biden’s centrist mirage
(DBN)

Trump lashes out at Fox News over polls showing him losing — and blames them for massive stock market drop
(DBN)

Trump's new strategy against Biden faces signs of trouble, polls show
(DBN)

Biden garners more Republican endorsements, this time from ex-governors • Former Michigan governor Rick Snyder: I am a Republican vote for Biden
(DBN)

Competing visions of the American Dream are driving Democrats and Republicans apart
(DBN)

Trump’s Tactic: Sowing Distrust in Whatever Gets in His Way
(DBN)

Carter affirms safety of mail-in voting after Barr and White House cite him to diminish it • Jimmy Carter says he's used absentee ballots for more than five years
(DBN)

An election unlike any other officially kicks off as North Carolina mails first ballots to voters
(DBN)

A top USPS official warned that suppliers may not be able to print enough mail-in ballots in time for the election
(DBN)

Russia likely to keep amplifying criticism of mail-in voting, DHS says
(DBN)

North Carolina warns voting twice is illegal after Trump urges people to do so
(DBN)

Trump Floats ‘Rigged Election’ As Democrats’ Concerns About Election Day ‘Red Mirage’ Grow
(DBN)

Facebook to block new political ads a week before election day
(DBN)

Karlie Kloss, Kushner's sister-in-law, to campaign for Biden
(DBN)

The Never Trump Movement’s Surprising Core
(DBN)

Salon owner says she didn't set up Nancy Pelosi blowout footage • GOP slams Nancy Pelosi for her indoor haircut in San Francisco, where that's still banned • Pelosi Violated COVID-19 Rules at Salon, But Says She’s the One Owed an Apology
(DBN)

Dwayne 'The Rock' Johnson reveals he and his family tested positive for COVID-19, then slammed politicians encouraging people not to wear masks
(DBN)

Melania Trump's former friend says the first lady wore the controversial 'I really don't care, do u?' jacket to the US border to get media attention
(DBN)

Judge Orders Kanye West Removed from Virginia Ballot After Finding Candidacy Was Secured by ‘Fraudulent and/or Misleading Means’ • Kanye Barred from Arizona Ballot
(DBN)

The pandemic is forcing Democrats to ask: Does knocking on doors work?
(DBN)

Democratic senators ask for sanctions on election interference
(DBN)

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Economy:

US weekly jobless claims hit 881,000, fewer filings than economists expected • Weekly Initial Unemployment Claims increase to 833,352 NSA • Some 881,000 people claimed jobless benefits last week as labor market continues to feel pain of pandemic • Comments on Weekly Unemployment Claims • The US job market is gradually recovering from the pandemic lockdown shock
(DBN)

Latest Weekly Unemployment Figures Show Sharp Rise in Pandemic Unemployment Assistance
(DBN)

Braced for losses, card lenders wind down pandemic relief
(DBN)

The pandemic’s impact on North American GDP: Checking on the neighbors
(DBN)

Labor Department admits seasonal adjustment distorted unemployment data
(DBN)

U.S. Job Gains Seen Hanging On in August With Tougher Road Ahead
(DBN)

McConnell Raises Doubts on Congress Getting New Stimulus Done
(DBN)

August Employment Preview
(DBN)

U.S. likely added 1.2 million jobs in August, economists say, but hiring has slowed
(DBN)

Job market seen somewhat weaker in August, as rehiring slowed and layoffs continued
(DBN)

Up, down and sideways: a voter's guide to U.S. economic data
(DBN)

Economic recovery stalls as consumers signal caution
(DBN)

Doesn’t Feel Like a Recession? You Should Be Paying More in Taxes
(DBN)

45 States Now Providing Extra $300 Weekly Unemployment Benefits—And These Five Will Pay $400
(DBN)

Second stimulus checks in further doubt as ‘skinny’ GOP package faces blowback
(DBN)

Pelosi, Mnuchin Agree to Avoid Gov't Shutdown
(DBN)

El-Erian: Economic recovery slowed since people don’t trust each other on virus
(DBN)

Most workers expect ‘retirement’ to include a job, survey shows
(DBN)

The Fed’s New Approach Won’t Help the Economy Now
(DBN)

Corporations’ Unspoken Labor Market Price Fixing Is Why Trump’s Fed Chair Wants More Inflation
(DBN)

ISM Services Index decreased to 56.9% in August • Service Industries in U.S. Expand at a More Moderate Pace
(DBN)

An Epic Factory Jobs Boom Is on the Way
(DBN)

Trade Deficit Increased Sharply to $63.6 Billion in July • US Trade Deficit w/ China Higher Than 2016 • US Trade Deficit Highest in 12 Years
(DBN)

Trump is campaigning that he's kept 'every single one' of his promises. Here are 5 kitchen-table economic pledges he's failed to fulfill.
(DBN)

Low-income Americans aren't feeling increased consumer confidence
(DBN)

Schumer slams Senate Republicans' coronavirus relief plan as "emaciated"
(DBN)

U.S. trade deficit swells to biggest since 2008 in July
(DBN)

Private Credit to Small Borrowers Booms With Less Competition
(DBN)

Gov. Cuomo gives New York City malls green light to reopen but not indoor dining
(DBN)

45% of women business leaders say it’s difficult for women to speak up in virtual meetings
(DBN)

Generation Work-From-Home May Never Recover
(DBN)

Presidents can’t save the economy without Congress, scholars say
(DBN)

Nordics welfare model limits corona economic damage
(DBN)

Living dead: The post-pandemic world will be full of zombies
(DBN)

GE heads toward zero
(DBN)

Older Workers to See First Social Security Cuts
(DBN)

The World Population in 2100, by Country
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

The federal government has banned some evictions. Here’s who is eligible for relief.
(DBN)

Landlords take tenants to court over rent during pandemic
(DBN)

From superstar cities to ghost towns: Two-thirds of workplaces in major hubs have yet to reopen
(DBN)

Mortgage rates hold steady heading into holiday weekend • Mortgage Rates in the U.S. Tick Up With 30-Year Loan at 2.93%
(DBN)

Why an Eviction Ban Alone Won’t Prevent a Housing Crisis
(DBN)

The Hamptons Hit Uncharted Waters: $75,000-a-Month Fall Rentals
(DBN)

Laid off and now evicted amid Covid-19, a Houston father contemplates homelessness in a pandemic
(DBN)

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Municipalities:

Chicago Eyes Refinancing, Pension Bonds With Rebound Elusive
(DBN)

Trump fires back at Gov. Cuomo as two spar over NYC defunding threat
(DBN)

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Oil/Gas:

Ursa files for Chapter 11 bankruptcy
(DBN)

Denbury Resources Pre-Packaged Plan Confirmed By Court
(DBN)

Bruin E&P exits bankruptcy ahead of schedule with $230M exit facility
(DBN)

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Tech:

Mark Zuckerberg says Facebook won't allow Trump to declare victory before the results are in • Facebook will block new political advertising the week before Election Day • Facebook moves to target misinformation before election • Facebook’s ban on new political ads won’t change anything • Trump campaign pushes back on Facebook's new election policies: 'The President will be silenced by the Silicon Valley Mafia'
(DBN)

Zuckerberg warns of post-election violence
(DBN)

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Retailing:

Federal prosecutors charge creditors co-chair in Neiman Marcus bankruptcy with fraud • 'I can go to jail': Hedge fund founder is charged with fraud for 'pressuring an investment bank not to bid against him' for assets of bankruptcy in Neiman Marcus - and then trying to cover his tracks in a recorded phone call • Hedge fund founder arrested over Neiman Marcus bankruptcy bid • Fund Manager Charged with Fraud in Securities Offering in Neiman Marcus Bankruptcy • Hedge fund manager in Neiman Marcus bankruptcy charged with fraud • Hedge Fund Founder Kamensky Draws U.S. Charges in Neiman Bid • Hedge Fund Founder Hit With Multiple Federal Charges In Alleged Neiman Marcus Bankruptcy Scheme
(DBN)

J.Jill sales Q2 sales down 49% as it remains in talks to avoid bankruptcy • J. Jill sales plummet 49%
(DBN)

COVID-19 Crisis Accelerates Shift to Online Retail
(DBN)

Overworked and exhausted, warehouse workers brace for a frenzied holiday rush
(DBN)

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Education:

Hedge Funds’ Beloved NYC School Ditches In-Class Learning in ’20
(DBN)

How to prepare for a school year like no other
(DBN)

Universities search for a blueprint to continue in-person instruction as COVID-19 pandemic rages
(DBN)

University of South Carolina records 1,026 COVID cases
(DBN)

Indiana Univ. calling for closure of 40 frat, sorority houses due to virus spread
(DBN)

At Least 463 Million Students Cut Off From Remote Learning
(DBN)

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Transit:

New York MTA May Cut Service Before November Absent Federal Aid
(DBN)

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Coal:

Trump Made a Promise to Save Coal in 2016. He Couldn’t Keep It
(DBN)

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Personal Finance:

Kevin O’Leary reacts to a 23-year-old earning $50,000 a year in Brooklyn: ‘That’s impossible’
(DBN)

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Movies:

‘The Batman’ Production Halted in UK After Crew Member Tests Positive for COVID-19
(DBN)

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Food/Beverage:

I'm closing my restaurant thanks to Covid-19, but it won't be goodbye
(DBN)

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Mass Torts:

Boy Scouts survivors' committee questions law firms' role in bankruptcy
(DBN)

Boy Scouts ads brings thousands of new sex abuse claims
(DBN)

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Fitness:

N.Y. Sports Clubs Members Get New Bills From Struggling Gym
(DBN)

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History:

James Monroe and the Pandemic You Don’t Know About
(DBN)

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Pharma:

Family warns of viral TikTok ‘Benadryl Challenge’ after daughter dies
(DBN)

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New Bankruptcy Opinions
(5 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (Temporarily Unavailable)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (3 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:

2020 insolvencies jump amid COVID-led recession
(DBN)

Business and personal bankruptcy filings in the US slowed in August
(DBN)

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Small Business:

This cheaper version of Chapter 11 bankruptcy could help small businesses
(DBN)

Subchapter V and § 543 “Custodian” Rules (In re U.S.A. Parts Supply)
(DBN)

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Plan Confirmation:

Rough Justice: Third Circuit Issues Important Decision on Unfair Discrimination
(DBN)

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Safe Harbors:

Second Circuit Holds That CDO Swap Payment Priority-Shifting Provisions Are Covered by Section 560 Safe Harbor
(DBN)

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Sales:

Assets may be sold in bankruptcy free and clear of successor liability
(DBN)

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Aviation:

Americans are flying more than Europeans despite the pandemic
(DBN)

Covid eliminated airline change fees - but they could return incognito, experts say
(DBN)

Ethiopian Air in Talks With South African Flag Carrier on Rescue
(DBN)

Virgin Australia airline to be sold to US-based Bain Capital
(DBN)

U.S. judge approves recognition of Virgin Atlantic's rescue deal
(DBN)

Comair eyes flight resumption in December
(DBN)

Brazil's Embraer says is cutting its workforce by about 900 jobs
(DBN)

Thai Airways opens diner for customers craving in-flights meals
(DBN)

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Healthcare:

20% of clinicians considering leaving primary care in light of COVID-19-linked financial challenges: survey
(DBN)

These 4 Midwestern states are seeing worrying Covid-19 spikes • Fauci warns seven midwest states to be on alert over Labor Day
(DBN)

Storm fallout raises fears of rural COVID case jump
(DBN)

How bad is your state’s Covid-19 outbreak?
(DBN)

Trump and Top Aides Ditch Masks After Saying Patriots Wear Them
(DBN)

Reports show White House coronavirus task force has been stepping up mask recommendations all summer, only to be ignored by some states
(DBN)

The scramble to prepare for a coronavirus vaccine • Debate rages over whether FDA should use emergency powers to clear a coronavirus vaccine early • Experts caution to keep coronavirus vaccines off the fast track • Scientists Want to See Hard Data on Vaccine
(DBN)

Dr. Fauci says it’s ‘conceivable’ to have COVID-19 vaccine by October
(DBN)

How Close Is The World To A Coronavirus Vaccine?
(DBN)

No, the CDC didn't reduce the nation's coronavirus death toll
(DBN)

Signs of depression have tripled in the U.S. since the COVID-19 pandemic got underway
(DBN)

What’s your risk of catching Covid… from opening your post to going to work or a bar?
(DBN)

Coronavirus may have spread through bathroom drains
(DBN)

It's the worst disaster of the pandemic. But WHO chief says our lack of concern shows 'moral bankruptcy'
(DBN)

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Sports:

Vaccine not required for Olympics plan
(DBN)

NFL to close facilities on Election Day, owners vow to arrange meetings on law enforcement
(DBN)

Massive protests expected at Kentucky Derby to demand arrests in Breonna Taylor case
(DBN)

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Hotels:

Hotels: Occupancy Rate Declined 27.7% Year-over-year
(DBN)

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Non-Profits:

Ch. 11 Trustee Slams Anti-Terrorism Group Atty's Money Grab
(DBN)

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Fraud:

Jewish Federation of Greater Washington reports $7.5 million hack
(DBN)

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UK:

Germany Supports EU Chief Brexit Negotiator in Show of Unity
(DBN)

U.K. Races to Fix ‘Critical Gaps’ Exposed in Brexit Border Plan
(DBN)

Scotland’s Sturgeon Warns Virus Spreading Amid New Outbreaks
(DBN)

90,000 hospitality jobs at risk from second lockdown
(DBN)

UK's Costa Coffee may cut 1,650 jobs as virus-hit forces restructuring
(DBN)

Fourth Recovery Tracker shows demand has been hit by local restrictions and holiday season
(DBN)

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EU:

Europe pushed the limit of how far to reopen. Now it may be too late to prevent a second virus wave
(DBN)

One of Europe’s biggest brothels files for bankruptcy
(DBN)

6 out of 10 countries with highest national debt-to-GDP ratio are EU nations
(DBN)

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Canada:

Canadian trade recovers to within 5% of pre-pandemic levels
(DBN)

The easy part is over for Canada's labour market recovery
(DBN)

Debt-laden Calgarians pull back on spending under COVID-19
(DBN)

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Germany:

Germany Sees at Least 80 Billion Euros in New Debt Next Year
(DBN)

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MENA:

U.A.E. Commodities Firm Shuts Trading Desks
(DBN)

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Uganda:

Uganda May Lose Up to $2 Billion Tourism Revenue Due to Virus
(DBN)

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Thailand:

Thailand Reports First Local Case After 100-Day Virus Free Run
(DBN)

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India:

Fresh insolvency cases admitted by NCLT down 75 per cent during April-June
(DBN)

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Hong Kong:

Hong Kong Finds Six Virus Cases From China-Backed Testing Blitz
(DBN)

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Mexico:

Mexico leads in health worker deaths from COVID-19
(DBN)

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Australia:

Thousands of businesses to hit the wall unless insolvency supports extended
(DBN)

Deferred loans may push Australian bad debt pile higher after virus relief ends
(DBN)

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Singapore:

Singapore’s omnibus insolvency legislation
(DBN)

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