August 4, 2021

The Daily Bankruptcy News

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Law:

More Biglaw Firms Will Require Employees To Be Vaccinated, Some Push Back Reopening Dates
(DBN)

Cravath Lays Out '3.5 Day/Week' Remote Working Model
(DBN)

Akin Gump, Crowell, Goodwin Shift Policies as Delta Spreads
(DBN)

Vaccine Mandate Tracker: The Law Firms Requiring Vaccination for Office Returns
(DBN)

More Law Firms Announce Vaccine Mandates—Some More Limited Than Others
(DBN)

Top Biglaw Firm's Chair Beseeches Lawyers, Staff To Get Vaccinated
(DBN)

Law School Loses Luster as Debts Mount and Salaries Stagnate
(WSJ)

Cuomo violated federal, state laws as he sexually harassed multiple women, NY attorney general says • Cuomo sexually harassed multiple female staffers in violation of state and federal law, New York attorney general concludes • Investigators conclude Cuomo sexually harassed women; ‘the typical rules did not apply,’ says one employee • NY AG Letitia James said she's 'inspired' by the women who accused Cuomo of sexual harassment: 'More importantly, I believe them' • Andrew Cuomo's office retaliated against one of his accusers by leaking confidential documents about her, NY Attorney General says • Cuomo Denies Harassment After Report Finds Claims Credible • Democrats renew calls for Cuomo to resign over harassment findings • Cuomo refuses to resign after bombshell sexual harassment report • Andrew Cuomo refuses to resign: "I never touched anyone inappropriately" • Gov. Cuomo responds to sexual harassment investigation: 'The facts are much different' • ‘That is just not who I am.’ Cuomo disputes report, calling it biased. • Chris Cuomo Appears to Have Helped Draft Brother Andrew’s Response to Harassment Allegations, AG Report Reveals • NY State Assembly Speaker says Gov. Cuomo 'not fit for office' following sexual misconduct investigation • Schumer and Gillibrand call for Cuomo's resignation in wake of AG report • Lawmakers to consider next steps as chances of a Cuomo impeachment increase • Biden calls on Cuomo to resign after sexual harassment findings • Pelosi joins top Dems calling for Gov. Cuomo to resign after damning report • Cuomo under criminal investigation for sexual misconduct • Cuomo The Mad King, Alone Upon His Throne • Stefanik calls for Cuomo to be arrested
(DBN)

Congressional Gold Medal is awarded to Capitol Police and others who battled rioters on Jan. 6 • 4 Capitol Police Have Committed Suicide • Team Trump Graciously Agrees To Allow Witnesses It No Longer Controls To Testify About Jan. 6 • The Capitol police officer who testified he was called a 'n-----' during the Jan. 6 riot says he's since been targeted with racist abuse online • Donations fizzle to GOP AG group involved in Jan. 6 rally
(DBN)

Gov. Mike Parson pardoned the St. Louis lawyer couple who pointed guns at Black Lives Matter protesters
(DBN)

Maryland judge slams Trump-tied lobbyist for defying court order
(DBN)

6 experts give a letter grade on Biden-Harris administration's handling of immigration thus far • ACLU and Biden administration to face off over migrant family expulsions • Thousands of migrant kids stuck in U.S. border patrol custody -again • Biden's border problem: A perfect storm for national security and local communities • Surge: Number of Migrants Stopped at the US-Mexico Border in July the Highest in 20 Years
(DBN)

A Federal Judge Has Blocked A Texas Law Restricting Who Can Transport Detained Immigrants
(DBN)

A Black activist says two White men jumped him last summer. Now, he's charged with assaulting his attackers.
(DBN)

Five Miami Beach Police Officers Charged with Battery for Alleged 'Disturbing' Use of Excessive Force
(DBN)

Anyone Who ‘Seriously Annoys’ a Cop Could Be Fined Up to $50K on Long Island
(DBN)

Florida police officers arrested after videos showed them kicking handcuffed suspect, punching the person recording it
(DBN)

7th Circuit sees no constitutional problem with Indiana University’s COVID-19 vaccine requirements
(DBN)

Cases challenging expired COVID-19 church restrictions fail in Supreme Court and 8th Circuit
(DBN)

Couple Arrested For Mutual Pasta Battery
(DBN)

Netflix Countersues Alan Dershowitz Over Jeffrey Epstein Docuseries; ‘Reversal Of Fortune’ Lawyer Hit Streamer With $80M Defamation Suit In May
(DBN)

Firefighter makes $12,000 on vacation by faking 3 COVID diagnoses, Dallas officials say
(DBN)

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Judges:

Biden rebuffs left on Breyer
(DBN)

Judge Judy’s $47M Salary Isn’t Excessive, Appeals Court Agrees
(DBN)

Progressives call for new probe, impeachment of Justice Kavanaugh
(DBN)

New Jersey man gets prison time for posting federal judge’s home address on Twitter and Facebook
(DBN)

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Wall Street:

Stock futures are little changed a day after the S&P 500 closes at another record
(DBN)

Dow stages 360-point U-turn and stocks end mostly lower as investors point to worries about COVID’s delta variant • S&P 500 closes at fresh peak, U.S. stocks end higher amid corporate earnings and COVID worries • Dow jumps 278 points as earnings optimism overtakes economic growth concerns
(DBN)

Charts suggest the market is getting close to a near-term top, Cramer says
(DBN)

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Layoffs:

Arlington International Racecourse Plans To Lay Off 237 Employees Next Month
(DBN)

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Tourism:

Maui residents rail against spike in tourism during water shortage
(DBN)

Do you need your vaccine card to travel in the U.S.? It depends •State Travel Restrictions During COVID-19: A Complete Guide
(DBN)

____________

Education:

Elite Colleges Don’t Have Enough Student Housing After Year of Remote Learning
(DBN)

Florida district drops mask mandate after DeSantis threatens funding cut
(DBN)

U.S. College Endowments Post Best Annual Performance Since 1986
(DBN)

Second student at Penn State University dies of covid-19 complications
(DBN)

____________

Student Debt:

Florida university spends $16 million to forgive student debt
(DBN)

Student loan forgiveness: GOP's Grassley cites Pelosi to argue that Biden can't cancel debt
(DBN)

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Cruise Lines:

First cruise ship visits Puerto Rico since start of pandemic
(DBN)

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Tech:

Security concerns over chip shortage are pushing governments to act, Moody’s says
(DBN)

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Banking:

Global Banks’ $170 Billion Haul Marks Most Profitable Year Ever
(DBN)

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Healthcare:

Axios-Ipsos poll: The blame game
(DBN)

Americans Less Confident They Can Elude COVID-19
(DBN)

Apathetic US youth shrug off vaccines as Delta variant spreads
(DBN)

DeSantis Tense Exchange With Reporter When Asked About Children In ICU • DeSantis won’t move on masks as Florida COVID wards swell
(DBN)

‘It just went boom.’ ICUs are being overwhelmed with younger — and sicker — patients
(DBN)

Delta infections among vaccinated likely contagious; Lambda variant shows vaccine resistance in lab
(DBN)

'Dark times': Houston's fourth COVID-19 wave to be the largest yet, medical leaders predict • COVID-19 is spreading fast among Texas’ unvaccinated. Here’s who they are and where they live • Dallas Moves Covid Threat Back to Red
(DBN)

What If Vaccines Don’t Really Stop the Virus From Spreading? • Can the Vaccinated Spread the Delta Variant? • Delta Variant More Severe and Contagious
(DBN)

Delta’s Spread Seen Pushing Herd Immunity Threshold Above 80%
(DBN)

Breakthrough cases aren’t the cause of the US Covid-19 surge
(DBN)

California Covid Cases Up 50% Since Thursday As Evidence Mounts Of Rapid Spread Among Kids
(DBN)

Vaccinations increase in Mississippi for first time in months
(DBN)

Apathetic U.S. Youth Shrug Off Vaccines as Delta Variant Spreads
(DBN)

Why the CDC changed its mask guidance, according to an epidemiologist
(DBN)

Coronavirus hospitalizations are surging to last summer's levels
(DBN)

White House: Over 110 million COVID-19 vaccine doses shipped, donated
(DBN)

Vaccine misinformation spreads to every kind of media
(DBN)

People recovering from Covid may have ‘substantial’ drop in intelligence
(DBN)

Virus used world’s longest Covid sufferer as ‘gym’ to get fitter, say scientists
(DBN)

Fully vaccinated Delta-COVID patients face much lower odds of severe outcomes: study
(DBN)

FDA expected to approve Pfizer-BioNTech's COVID-19 vaccine by early September
(DBN)

___________


Economy:

Household debt jumps by the most in 14 years to nearly $15 trillion in the second quarter • Mortgage Boom Drives Biggest Jump in Household Debt Since 2013
(DBN)

Yellen says enacting Biden’s agenda key to keeping America as ‘world’s pre-eminent economic power’
(DBN)

Solid U.S. factory orders, business spending on equipment point to enduring manufacturing strength
(DBN)

America isn’t panicking about inflation
(DBN)

Most of America’s extra savings during the pandemic are going to the wealthy
(DBN)

Third weekly dip seen for U.S. product inventories, crude also down
(DBN)

It takes Black women 19 months to equal a white man's annual earnings
(DBN)

Why companies aren't paying more
(DBN)

When will the labor force's 'missing millions' return? A lot is riding on the answer
(DBN)

Unemployment claims may never go back to 'normal.' Here's why that's a good thing.
(DBN)

Don't believe the fast-food signing-bonus hype
(DBN)

2 out of 3 Americans say they would take a pay cut to work remotely full time
(DBN)

New coronavirus wave is giving credence to the risks of a U.S. stagflation-like scenario
(DBN)

U.S. Treasury suspends government retirement, health fund payments as debt limit resets
(DBN)

Over 9 million more Americans will lose their enhanced unemployment benefits next month
(DBN)

Here’s where return-to-office plans stand now
(DBN)

New York City to require vaccination proof for indoor activities • New York City will require proof of vaccination for indoor activities including going to restaurants, gyms, and performances • Chicago has no plans yet for vaccine mandate for restaurants and gyms, Arwady says, but city is watching New York closely • More corporations are requiring workers to get vaccinated • ‘Tyrants’: Conservatives freak out as NYC becomes first to require proof of vaccination for restaurants and gyms • Denver rolls out its first vaccine mandates • Microsoft, Google and other U.S. companies ask employees to get vaccinated before returning to work • McDonald's mandates masks for customers, staff in high COVID spread areas • Tyson Foods mandates COVID vaccines for all U.S. employees • Faced with the new restrictions for the Delta variant, Disney and Walmart implement mandatory vaccination for all their employees • Only private businesses can end the pandemic now. They just might do it • Tyson Foods mandates COVID-19 vaccines for employees but still negotiating with unions • NYC, big employers taking hard line against vaccine holdouts • Who Can Make You Get a Covid Vaccine? • Biden voices support for private sector vaccine requirements
(DBN)

Local Florida leaders eye ways to take on DeSantis' anti-mask stance • U.S. automakers mandate masks at all plants but not requiring vaccines • Houston mask mandate might violate Texas governor's order • Costco, Kroger, Target, Walmart and Apple change mask policies, as CDC warns about rise in delta variant • CDC and doctors call for masks in school. Will states, schools follow guidelines? • Biden tells governors opposing masks to 'get out of the way' • County Commissioner J.J. Koch Removed From Dallas Meeting After Refusing To Wear Mask • Automakers Reinstate Mask Mandates
(DBN)

The IMF has approved a $650 billion Covid-19 aid package, mainly going to rich countries - but it's urging them to share
(DBN)

GOP senators feud over cryptocurrency plan as lawmakers seek funding for infrastructure deal • Infrastructure bill floats national mileage fee despite Biden's $400,000 tax hike 'red line' • Winners in bipartisan infrastructure bill: nuclear power, internet providers, pharmacy benefits managers
(DBN)

Democrats scramble for cash to cover Biden’s $3.5T plan
(DBN)

Congress's fiscal referees, CBO and JCT, guide fate of Biden bills
(DBN)

Supply chain problems aren't going away anytime soon
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

America's housing debt balloons
(DBN)

AOC: Biden's argument that his hands are tied on evictions 'doesn't really hold water' and he should risk a Supreme Court showdown • The lapsed eviction moratorium is the Supreme Court’s fault • Biden to Announce New Eviction Moratorium After Criticism • Biden administration expected to announce limited, targeted eviction moratorium likely to last until early October • CDC announces new eviction ban, despite Supreme Court threat • Biden's new partial eviction ban won't shield renters once COVID-19 infections drop to normal levels • CDC extending the federal eviction moratorium is expected to help 90% of renters
(DBN)

'If you are a landlord right now, it is the best of times,': Savills EVP on the industrial real estate market
(DBN)

Malls have been mistreated during the COVID-19 pandemic: Simon Property Group CEO
(DBN)

Everywhere you look, America's housing crisis is getting worse
(DBN)

Why REITs Are Optimistic Despite Declines in Appraisals
(DBN)

____________

Oil/Gas:

Pioneer Natural Resources eyes tepid shale growth in coming years
(DBN)

Caribbean refinery decommissioning will take months -company
(DBN)

Oil Sinks a Second Day With Delta’s Spread a Menace to Demand
(DBN)

Shale Drillers Leave $12 Billion on Table With Bad Bets on Oil
(DBN)

The Biden administration orders a new review of oil and gas development in the Arctic.
(DBN)

____________

Coal:

The Biden Administration Won’t Explain Its Handout To Big Coal
(DBN)

____________

Agribusiness:

Trump raised millions but spent none of it on audits and GOP candidates
(DBN)

____________

Climate:

The glass is barely half full on clean energy capital
(DBN)

Democrats Seek $500 Billion in Climate Damages From Big Polluting Companies
(DBN)

Heat waves to drastically worsen in Northern Hemisphere, studies warn
(DBN)

Huge California fire grows as heat spikes again across state
(DBN)

Africa Needs to Spend $15.7 Billion on Refineries to Curb Emissions
(DBN)

The Dirty Secret of Carbon Accounting That Underpins Climate Goals
(DBN)

Starving cows. Fallow farms. The Arizona drought is among the worst in the country
(DBN)

Record wildfire burns amid drought on Hawaii’s Big Island
(DBN)

Thousands flee homes as heat wave fuels Greek wildfire
(DBN)

What It’s Like Surviving a Wildfire When You Live Off the Grid
(DBN)

____________

Live Performances:

A ‘roaring era’ for concerts and live events is coming, says Live Nation CEO
(DBN)

____________

Crypto:

Crypto ‘Wild West’ requires new laws, SEC chair says • SEC Chair Gensler says crypto 'rife with fraud, scams and abuses,' threatens national security
(DBN)

____________

Distressed Investing:

SVP Doubles Down With $5 Billion to Hunt for Troubled Assets
(DBN)

____________

Politics:

A Texas lawmaker is asking donors to pay his legislative staff after Gov. Greg Abbott defunded the entire Legislature
(DBN)

House Dem campaign chief warns the majority at risk without message reboot
(DBN)

Jenner campaign in debt as California recall hits homestretch
(DBN)

Biden approval ratings on Covid and economy fall in new CNBC All-America survey
(DBN)

Biden to make fresh plea for the unvaccinated to get their shots after CDC raises alarm on delta variant of COVID-19
(DBN)

A pro-Trump Arizona state senator called for the mass imprisonment of Maricopa County officials after they condemned the election audit
(DBN)

MyPillow Guy Punts Timeline for Trump Retaking Power as Conspiracy Theories Get Wackier
(DBN)

No one has ever gone up to Trump and just told him he lost the election, author Michael Wolff says in The 600-Word Interview
(DBN)

____________

 
New Bankruptcy Opinions
(2 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (12 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (4 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)

______________

Mediation:

Zoom Mediations And “Trust”: A Study
(DBN)

____________

Bankruptcy Crimes:

Salt Lake City attorney pleads guilty to federal bankruptcy fraud
(DBN)

____________

Bankruptcy Reform:

Borrowers who file for bankruptcy usually can’t get their student loans discharged in the process. Members of Congress are hoping to pursue reforms to change that.
(DBN)

Landmark, Bipartisan Bill Would Allow Student Loan Discharge In Bankruptcy: Key Details
(DBN)

____________

Aviation:

Business travel might be going out of style • Business travel is projected to reach just 30% of 2019 levels by the end of the year
(DBN)

Delta CEO says it's 'very hard' to mandate COVID vaccines before full approval
(DBN)

Ohio Man Caught on Video Punching Male Flight Attendant Allegedly Groped Two Female Flight Attendants' Breasts. Then He Was Duct-Taped to His Seat.
(DBN)

Woman exposed herself on flight, assaulted officer, police say
(DBN)

American, Spirit cancel hundreds of additional flights as they struggle to recover from disruptions • American Airlines, Spirit cancel hundreds more flights due to storms, staffing
(DBN)

Israel Adds U.S. to List Requiring Vaccinated to Quarantine
(DBN)

CDC says travelers should avoid Greece, Ireland and other destinations, regardless of vaccination status
(DBN)

England, Scotland, Wales and Northern Ireland reopen to vaccinated Americans
(DBN)

European hotels 'turning away' UK bookings as distrust grows over traffic lights
(DBN)

UK eases travel restrictions as industry lobbies for more
(DBN)

UK preparing to scrap red list rules for passengers transiting through airport hubs
(DBN)

____________

Retailing:

Your Whole Foods delivery order is getting about $10 more expensive if you live in one of these 6 cities
(DBN)

____________

Autos:

BMW’s Chip Shortage View Darkens in Contrast With Stellantis
(DBN)

GM to shut truck assembly plants again, cites global chip shortage
(DBN)

____________

Utilities:

PG&E says equipment may be tied to fire, touts improvements
(DBN)

____________

Sovereigns:

Argentina's Buenos Aires province to launch bond restructuring 'shortly' -source
(DBN)

____________

UK:

Settling Tax Debts: How Much Support Will HMRC Provide To Your UK business? | Restructuring GlobalView
(DBN)

UK takeovers hit 14-year high in first seven months of 2021
(DBN)

China Applicants Replace EU Students at U.K. Universities After Brexit
(DBN)

Scotland to Go Ahead With Aug. 9 Lifting of Virus Restrictions
(DBN)

Covid Disguises Chronic Scarcity of Workers for U.K. Recovery
(DBN)

Thailand, Georgia and Iran predicted to move to UK government’s travel red list
(DBN)

Scottish hospitality industry welcomes move to end most restrictions
(DBN)

Scottish hospitality industry welcomes move to end most restrictions
(DBN)

____________

EU:

EU Firms Up New Security Fee for U.S., U.K., Other Travelers
(DBN)

____________

France:

With France’s ‘health pass’ measure set to expand, bugs and questions remain
(DBN)

____________

Germany:

Germany plans insolvency waiver for flood disaster areas
(DBN)

____________

Spain:

Ibiza is hiring foreigners 'aged between 30 and 40' to go undercover at parties that flout the island's COVID restrictions
(DBN)

____________

China:

Wuhan to test all residents for COVID-19 amid Delta variant concerns
(DBN)

____________

Brazil:

Brazil Lifts Covid Restrictions as Cases, Deaths Finally Ease
(DBN)

____________

India:

IBC sharply reduced haircuts for lenders, says IBBI chief Sahoo
(DBN)

Insolvency code has strayed from intent: Parliament panel
(DBN)

Changes to insolvency law approved by Rajya Sabha
(DBN)

Insolvency process: Parl panel suggests benchmark for 'quantum of haircut'
(DBN)

IBC: Urgently need a professional ‘Code of Conduct’ for committee of creditors, says Parliamentary Panel
(DBN)

____________

Hong Kong:

Hong Kong Court expresses dissatisfaction in relation to the “unhealthy” practice of creditors issuing multiple winding-up petitions against the same debtor company
(DBN)

____________

UAE:

UAE Business Conditions at Two-Year High as Virus Woes Ease
(DBN)

____________

Colombia:

Colombia town orders vaccine refusers to stay home or face fines, jail
(DBN)

____________

Mexico:

‘We’re living in hell’: Inside Mexico’s most terrified city
(DBN)

____________

Japan:

Tokyo hospital director warns of "medical collapse"
(DBN)

COVID-19 cases connected to the Olympics approach 300
(DBN)

____________

Australia:

Married couple who 'broke Sydney's lockdown by leaving a Covid hotspot to visit a Commonwealth Bank branch are arrested after husband 'refuses to sign in using a QR code'
(DBN)

Australia’s vaccinations need to rise before country can set up travel bubbles
(DBN)

____________

Bahamas:

The Possibilities and Pitfalls of Asset Recovery in The Bahamas
(DBN)

____________

China:

Two more suppliers say payments are overdue from Evergrande
(DBN)

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