April 6, 2021

The Daily Bankruptcy News

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Law:

People So ‘Pissed’ About Special Bonuses At This Biglaw Firm That They ‘Want To Leave’
(DBN)

West Coast Firm Goes Over The Top On Bonuses!
(DBN)

Litigation Powerhouse Offers Special Bonuses For Associates
(DBN)

Major Biglaw Firm Shares The Wealth With Associates
(DBN)

The New, Best Way To Rank Biglaw Firms
(DBN)

Womble Bond Dickinson sees savings opportunity in flexible work, aims to cut office space by up to 50%
(DBN)

The Next Big Announcement In Biglaw: The End Of The Office Work Week
(DBN)

Goulston & Storrs Announces New Bankruptcy Partner
(DBN)

Same Day Hiring and Signing Bonuses: The Corporate Associate Market Is on Fire
(DBN)

Goodwin Procter Hiring Remote Associates Amid Talent Battle
(DBN)

The Times They Are A-Changin'
(DBN)

Trial in Floyd’s death expected to turn to ex-cop’s training ER doctor ruled out drug overdose in Floyd death Derek Chauvin trial: Minneapolis police chief testifies that Chauvin's use of force to restrain George Floyd is 'not part of our ethics or values' Knee on Floyd’s Neck Was Excessive Force, Police Chief Says Derek Chauvin Trial: Day 6 Derek Chauvin’s defense takes another hit, former prosecutor says
(DBN)

Prosecutors indicate they’re nearing cooperation with Oath Keeper charged in Capitol assault CrossFit Instructor Who Beat Officer with a Crutch Is 'Danger to the Community' and Should Stay Jailed Ahead of Trial, Prosecutors Argue
(DBN)

Trump’s War on Jon Bon Jovi Could Smash His Empire
(DBN)

Supreme Court Sets Aside Ruling Against Trump on Twitter Account - Moot
(DBN)

'Borat' Star Has No Sympathy For Rudy Giuliani, Was Afraid He'd Give Her COVID During Filming
(DBN)

Harvey Weinstein appeals rape conviction Harvey Weinstein Appeals New York Rape and Sexual Assault Conviction, Cites Judge's Courtroom Outburst
(DBN)

Ghislaine Maxwell's family may attend her arraignment later this month on sex trafficking charges - including husband Scott Borgerson who says she 'has nothing to do with Epstein's crimes'
(DBN)

Former Matt Gaetz aide says FBI contacted him after sex-trafficking probe news
(DBN)

Watch Enraged Bystander Confront Armed Boogaloo Bois In Easter Protest
(DBN)

Judge Dismisses Nunes Suit Against Fusion GPS For Doing The RICOs
(DBN)

Top state court recognizes same-sex adultery as grounds for divorce
(DBN)

Tennessee Woman Shoots at Burger King Employees After Filling Her Order Took Too Long
(DBN)

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Judges:

Law prof proposes a middle-ground theory of judging to guide centrist judges
(DBN)

The Supreme Court Just Sided with Google's Copying of Thousands of Lines of Code. Justice Thomas Went Off.
(DBN)

Justice Clarence Thomas Suggests SCOTUS Will 'Soon Have No Choice' But to Rein in Ability of 'Dominant Digital Platforms' to Moderate Speech Online Justice Thomas suggests regulating tech platforms like utilities
(DBN)

Justice Thomas grumbles over Trump's social media ban
(DBN)

U.S. Solicitor General Snubbed Again by Supreme Court
(DBN)

Extremists Swarm Judge's Home for Bundy
(DBN)

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Wall Street:

Stock futures are little changed a day after the Dow and S&P 500 close at records
(DBN)

Stocks hit record highs on strong economic data
(DBN)

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Layoffs:

Bankruptcy Shouldn’t Get Employers Out of Paying Workers What They’re Owed
(DBN)

Lawmaker proposes Pa. WARN Act
(DBN)

Garment Workers Who Lost Jobs in Pandemic Still Wait for Severance Pay
(DBN)

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Movie Theaters:

AMC upgraded as ‘Godzilla vs. Kong’ renews confidence in the domestic box office
(DBN)

Fauci says we may be able to go to a movie theater without having to wear masks in 'late fall or early winter'
(DBN)

Theater operators surge on Kong-sized box office rebound
(DBN)

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Fraud:

Characterizing Victims of Ponzi Schemes as Greedy Hurts Our Civil Justice System
(DBN)

Twenty Years Later: The Lasting Lessons of Enron
(DBN)

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Agribusiness:

Bill Gates is the biggest private owner of farmland in the United States. Why?
(DBN)

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Newspapers:

The battle for Tribune: Inside the campaign to find new owners for a legendary group of newspapers
(DBN)

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Mass Torts:

Boy Scouts victims committee says claims worth $103 billion
(DBN)

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Healthcare:

U.S. ramps up vaccination pace as Michigan, other states see outbreaks
(DBN)

Doctor Rejects '4th Wave' Claims, Says US Ahead of 'Much Milder' COVID-19
(DBN)

Arkansas governor vetoes ban on youth transgender care
(DBN)

Fauci pushes back on GOP criticisms, calls claims 'bizarre'
(DBN)

Fauci says two doses of Pfizer’s or Moderna’s Covid vaccines are better than one
(DBN)

Should health-care workers be required to get coronavirus shots? Companies grapple with mandates.
(DBN)

‘Double mutant’ COVID-19 strain emerges in California
(DBN)

For 7 New Yorkers, a pandemic year’s fight for the future
(DBN)

White Evangelical Resistance Is Obstacle in Vaccination Effort
(DBN)

'I don't wish this on anybody': 24-year-old receives lung and kidney transplant after testing positive for COVID-19
(DBN)

Walgreens Not Following U.S. Guidance on Pfizer Vaccine Spacing
(DBN)

With 100% Capacity Allowed, Rangers See Packed Stands For Home Opener At Globe Life Field
(DBN)

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Defense:

San Antonio defense contractor blames COVID-19, February freeze for bankruptcy
(DBN)

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Insurance:

Regulator Deems Florida-Based American Capital Assurance Corp. Insolvent
(DBN)

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Climate:

Threat of climate change looms large for some home buyers
(DBN)

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Economy:

ISM survey: U.S. services surge to record high in March Service industries in U.S. expand at fastest pace on record U.S. services sector gauge scales record high; cost pressures mounting
(DBN)

Service sector sentiment survey surges to record high
(DBN)

1 in 4 plan to bolt job post-pandemic
(DBN)

March jobs report gives the Fed room to keep interest rates low, Jim Cramer says
(DBN)

U.S. factory orders decline in February
(DBN)

Seven High Frequency Indicators for the Economy
(DBN)

Biden’s big infrastructure plan hits McConnell, GOP blockade Biden Team Seeks Public’s Help to Outrun GOP on Infrastructure
(DBN)

The Cargo Ship Bottleneck Off Los Angeles Nears Six-Month Mark
(DBN)

Biden says higher corporate taxes won't harm U.S. economy Biden says higher corporate tax would not hurt U.S. economy as Manchin opposes 28% rate Joe Manchin Puts Damper on Biden Infrastructure Plan Bernie Sanders Has 'No Problem With Going to West Virginia' to Pressure Joe Manchin United Joins Delta in Criticizing Election Reform Criticism from GOP senators complicates path for infrastructure bill
(DBN)

FactCheck: Biden on Infrastructure Jobs
(DBN)

Yellen says global minimum tax needed, too soon to declare victory over pandemic
(DBN)

One bar opening caused an outbreak of 46 COVID-19 infections and a school closure affecting 650 kids
(DBN)

McDonald's, Other CEOs Tell Investors $15 Minimum Wage Won't Hurt Business
(DBN)

World Bank chief expects G20 to extend debt payment freeze through end-2021
(DBN)

Millionaire New Yorkers could soon be paying the highest taxes in the country
(DBN)

Biden’s latest stimulus plan: Reducing inequality
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

MBA Survey: "Share of Mortgage Loans in Forbearance Decreases to 4.90%"
(DBN)

Will the next job wave mean the end of forbearance?
(DBN)

CFPB proposes foreclosure ban until 2022
(DBN)

Palm Beach County Mansions Scooped Up in Hot Pandemic Market
(DBN)

Goldman Sachs plans for staff return to London office: The Guardian
(DBN)

Brookfield mall REIT to be sold for $6.5B
(DBN)

Denver Real Estate in March: Sales Up 1% YoY, Active Inventory Down 67%
(DBN)

Housing inventory is down 40%. Buyers are paying the price
(DBN)

Housing Inventory April 5th Update: At Record Lows
(DBN)

Foreclosures back on but World Class gets reprieve for huge Northwest Austin campus
(DBN)

NY Socialite Jocelyn Wildenstein’s Trump World Tower Condo Sold by Creditors
(DBN)

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Municipalities:

Chicago Public Schools awash in federal cash inches closer to investment grade
(DBN)

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Oil/Gas:

Oil rebounds on robust economic data
(DBN)

Biden Wants to Cut Gov't Fossil Fuel Subsidies
(DBN)

‘No Teeth and No Funding’: How Regulators Failed to Police the Oil Industry
(DBN)

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Cruise Lines:

Small Cruises Are Thriving, Not Just Surviving, on the Mississippi
(DBN)

Norwegian Cruise to mandate COVID-19 vaccination for guests and crew
(DBN)

Norwegian Cruise Line CEO on how cruise ships can safely set sail once again
(DBN)

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Non-Profits:

N.Y. Attorney General’s Office Slams NRA Bankruptcy as a ‘Masterclass in Bad Faith’ as Gun Group’s Trial Begins N.Y. Attorney General slams ‘glam squad’ for Wayne LaPierre’s wife as NRA bankruptcy hearing begins
(DBN)

NRA boss Wayne LaPierre retreated to a friend's $1.8M yacht for weeks at a time when he received threats in the wake of mass shootings at Sandy Hook and Parkland ‘Thank God I’m safe’: NRA leader sought refuge from public outrage aboard yacht after mass school shootings
(DBN)

NRA leader accused of using bankruptcy to duck finance probe
(DBN)

Day 1: NRA Defense Paints Alternative Reality in Which its History of Egregious Spending and Financial Mismanagement is Actually Evidence of its Good Governance NRA defends board, LaPierre as bankruptcy trial kicks off NRA kicks off hotly contested dismissal hearing with arguments from New York Attorney General, creditor Ackerman McQueen Trial over NRA bankruptcy begins
(DBN)

New York AG, Creditor Urge Texas Bankruptcy Judge to Dismiss NRA's Chapter 11 Petition
(DBN)

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Politics:

Half of Republicans believe false accounts of deadly U.S. Capitol riot: Reuters/Ipsos poll
(DBN)

The Connection Is Quite Direct: Congressman Matt Gaetz And A Bitcoin Machine Near Orlando, Florida Trump Country Stands with Gaetz Trump and his allies abandon Gaetz Matt Gaetz Says Investigation of Him That Began When Bill Barr Was AG Is Somehow Merrick Garland’s Fault Former Rep. Katie Hill says Gaetz should resign ‘if there is even a fraction of truth’ to allegations Matt Gaetz Defiantly Blames ‘DC Swamp’ and Media For Sex Trafficking Allegations: I Am ‘Not a Monk’
(DBN)

Time back home with voters only emboldens Republicans to oppose Biden's agenda
(DBN)

AP-NORC poll: Border woes dent Biden approval on immigration
(DBN)

McConnell Criticizes ‘Outrage-Industrial Complex’ on Voting Laws 'Stay out of politics,' Republican leader McConnell tells U.S. CEOs, warns of 'consequences' McConnell to CEOs: We Want Your Money but Shut Up Republicans want to make 'woke' corporations pay — literally Republicans are threatening tax hikes and boycotts to punish companies that criticize restrictive voting laws
(DBN)

Trump Keeps History at Bay by Putting Off Presidential Library
(DBN)

After Times Exposé, Trump Justifies Charging Donors Under Fine Print Email Scheme
(DBN)

Texas governor boycotting Rangers opening day because MLB moved All-Star Game Marco Rubio sends scathing letter to MLB commissioner after league pulls All-Star Game from Atlanta Home Depot, Georgia's Largest Company, Steers Clear of Election Law Fight GOP Embarrasses Themselves with Coke Tweets Disney, Geico and others backed Florida lawmakers sponsoring restrictive voting bills
(DBN)

Why some Democrats are quietly unhappy with the House’s big voting rights bill
(DBN)

FactCheck: “People don’t pretend to be someone else to go in and vote. You just don’t see that kind of fraud”
(DBN)

Pastor: Soros Ruined Wonderful Apartheid Era Africa
(DBN)

Dems can use unprecedented move for an extra filibuster-proof bill, Schumer aide says Schumer says Senate could have an extra chance to pass a bill without GOP votes
(DBN)

____________

Autos:

A New Hertz Chapter 11 Bankruptcy Plan Still Gives Shareholders Nothing
(DBN)

U.S. auto industry calls for government help as it warns of impact of chip shortage
(DBN)

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Banking:

Regulators Liquidate Troubled Indianapolis Credit Union
(DBN)

Credit Suisse overhauls management as it takes $4.7 billion hit on Archegos
(DBN)

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Debt Collection:

Some States Are Stepping Up to Prevent Debt Collectors From Seizing Stimulus Checks
(DBN)

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New Bankruptcy Opinions
(3 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (27 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:

March bankruptcy filings rise sharply in New Hampshire for first time since pandemic
(DBN)

BK WD NY: Updated Filing Statistics
(DBN)

U.S. bankruptcies increased in March in sign backlog may be clearing -Epiq AACER
(DBN)

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Subchapter V:

Subchapter V’s Impact on Small Business Reorganization
(DBN)

The Role of the Trustee in Subchapter V Cases
(DBN)

Bankruptcy Courts Appear ‘Good Faith Debtor’ Friendly in Subchapter V Cases
(DBN)

CARES Act Increases the “Small” in the Small Business Reorganization Act of 2019
(DBN)

Maryland Bankruptcy Court Rules Corporate Debtors May Discharge Nondischargeable Debts in Subchapter V Chapter 11 Case
(DBN)

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Force Majeure:

A COVID-19 Quandary: Does a Force Majeure Clause Displace the Frustration Doctrine?
(DBN)

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Litigation Finance:

Dispute funding for financially distressed companies
(DBN)

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Setoff:

The Devil’s Triang(ular Setoff), Revisited – Third Circuit Affirms Denial of Corporate Parent’s Attempt to Set Off Debt Owed to Subsidiary
(DBN)

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Notice:

Consider Skipping the “Certified” Option When Serving Pleadings
(DBN)

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Investment Bankers:

Moelis sues Ferrellgas over refusal to pay USD 20m transaction fee for bankruptcy work
(DBN)

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Aviation:

UK holds off travel restart in latest setback for airlines
(DBN)

Transat sinks 22% after Air Canada scraps buyout deal
(DBN)

EasyJet CEO criticizes testing requirements in Britain's travel restart plan
(DBN)

Former Southwest Airlines Pilot Charged for 'Lewd' Exposure' 'While the Aircraft Was in Flight'
(DBN)

____________

Retailing:

More retail closures loom because the U.S. has too much space per household: UBS The U.S. to lose 80,000 retail stores by 2026: UBS
(DBN)

KKR-Backed Women’s Fashion Firm Files for Bankruptcy Protection The Collected Group Files for Chapter 11 Owner of Joie and Current/Elliott Files for Bankruptcy Protection
(DBN)

Tailored Brands' emergency loan gets court sign-off
(DBN)

Brooks Brothers bankruptcy shows how small vendors, landlords are left holding the bag
(DBN)

GameStop to capitalize on 'stonks' rally with $1 billion stock sale plan
(DBN)

Retailers face global supply chain pressures as backlogs continue amid pandemic
(DBN)

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Hedge Funds:

March Madness: Archegos Capital’s Brackets Have Been Busted
(DBN)

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UK:

UK eyes mass testing as it takes next steps out of lockdown Johnson Pushes Covid Tests for All to Help Reopen U.K. Economy
(DBN)

UK lawyers feel ripples of Chinese sanctions on Essex Court Chambers
(DBN)

Peacocks is back: 200 stores and 2,000 jobs saved as senior executive rescues collapsed British fashion chain from administration after securing backing from international investors
(DBN)

Government resists calls for Eurostar bailout despite £400m debt pile UK government takes tough line on bailout requests for Eurostar
(DBN)

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EU:

European Union misses its first vaccination goal
(DBN)

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PIIGS:

Stores in Greece open amid virus surge to help save economy
(DBN)

ie: Call for proposals to rescue small businesses to focus on those with viable futures
(DBN)

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Canada:

Unions at Laurentian University lose fight to unseal documents related to insolvency process
(DBN)

Hot housing propels Canadian confidence to record high
(DBN)

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France:

French authorities investigate whether ministers dined at secret luxury restaurants, violating restrictions
(DBN)

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Czech Republic:

World’s Worst COVID Death Rate Sends Czechs Back Into Cold War Misery
(DBN)

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Poland:

Polish hospitals struggle with surge of virus patients
(DBN)

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Thailand:

Thailand Considers Closing Nightclubs to Contain New Virus Clusters
(DBN)

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MENA:

Egypt Business Activity Worsens But Vaccine Seen Fueling Revival
(DBN)

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Australia:

The "Ipso Facto" Prohibition in the Corporations Act Applicable to Corporate Insolvency
(DBN)

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India:

86% insolvency cases pending over 270 days
(DBN)

India tests water with quicker ready-made bankruptcy process
(DBN)

Pre-packaged insolvency process under Indian bankruptcy code is positive but limited in its scope, feel experts
(DBN)

India Hits Record Infections Spurring Mumbai Curbs Through April
(DBN)

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Venezuela:

Venezuela doctors and scientists urge COVID-19 vaccination progress as cases spike
(DBN)

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