February 18, 2021

The Daily Bankruptcy News

View prior editions: Click Here
View prior case summaries: Click Here
Search prior headlines: Click Here
Search prior case summaries: Click Here

Format For Mobile Device



Law:

'It's a Terrible Situation': Online Bar Exam Looms for Texas Law Grads Without Power
(DBN)

Bar Examiners Thought About Bathroom Breaks But Decided It Was Funnier For People To Piss Themselves
(DBN)

Legal recruiter’s article about lawyers shunned in BigLaw raises eyebrows
(DBN)

Law Firms Shouldn’t Ask Associates To Front Business Expenses
(DBN)

UK: Dechert to Expand with Prominent Restructuring Partner, Adam Plainer
(DBN)

Unfiltered Legal Talk! Uncatfiltered, Anyway.
(DBN)

Why Are Chicago Partners So Unhappy With Their Pay?
(DBN)

Diversity ‘bottleneck’ and minority attrition keep firm leadership ranks white and male, new ABA survey says
(DBN)

Top Am Law Firm Starts Diversity Pipeline Program For Incoming Talent
(DBN)

Big Law is scooping up hundreds of hires from the Big 4: These 3 charts break down which firms are winning and losing the most talent.
(DBN)

How to get into 4 of the best law schools in the US, according to consultants, admissions officers, and students
(DBN)

Attorney Accuses Erika Jayne Of Failing To Help Trustees Amid Thomas Girardi’s Involuntary Bankruptcy Proceedings As RHOBH Star Receives Huge Rose Bouquet At LA Rental
(DBN)

Tom Girardi's brother gets OK to serve as guardian in bankruptcy case
(DBN)

A hacker claims to have breached a law firm used by Trump and dumped legal files on the dark web, report says • Jones Day is hit by vendor data breach; hackers post files they claim were stolen from the law firm • Jones Day Hit by Data Breach as Vendor Accellion Hack Widens
(DBN)

Pro-Trump lawyer L. Lin Wood posts addresses of ethics board members after he learns of bar probe • Lin Wood Asks ‘Army Of Patriots’ To Investigate State Bar Disciplinary Committee
(DBN)

Trump To Rudy: You’re Fired
(DBN)

Georgia prosecutor calls Giuliani's election claims 'various overt acts for an illegal purpose' that could warrant a racketeering charge
(DBN)

Powerful Impeachment Prosecution, Lazy Trump Defense, Demonstrate Frequent Impotence Of Good Advocacy
(DBN)

Bruce Castor 'began shouting' when he heard an 'enraged' Trump didn't want him to speak after his poorly received Day 1 presentation: NYT
(DBN)

A woman who was charged in connection with the Capitol riot bragged about being recruited by the Proud Boys • UCLA Student and Self-Described Fascist Bragged He Wouldn't Be Caught for His Role in U.S. Capitol Siege: Affidavit
(DBN)

Lonely, angry, eager to make history: Online mobs are likely to remain a dangerous reality
(DBN)

Pentagon report reveals inroads white supremacists have made in military
(DBN)

Law enforcement confronts an old threat: far-right extremism in the ranks. 'Swift action must be taken'
(DBN)

‘Another Lawsuit in the Making’: Pentagon Leaders Delayed Promoting Female Generals Over Fear Trump Would Replace Them with White Men
(DBN)

Los Angeles police tried to get Ring doorbell footage surveilling Black Lives Matter protests
(DBN)

Federal Judge Dismisses Devin Nunes Aide's Lawsuit Against CNN
(DBN)

Woman killed in dispute over political sign
(DBN)

Lawmakers to introduce Biden's immigration bill, including pathway to citizenship for 11 million
(DBN)

______________

Judges:

Weather Closures Hit BK SD TX
(DBN)

Supreme Court Must Toughen its Disclosure Rules, Lawmakers Warn • Bipartisan Pair of Senators Agree: Supreme Court Justices Need to Start Being Transparent About Annual Perks They Get or Legislation May Follow
(DBN)

Ex-Judge Who Drank Too Much at Party, Punched Attorney Censured
(DBN)

Courts struggle through delays to trials, cost-cutting related to COVID-19
(DBN)

______________

Wall Street:

Stock futures dip slightly ahead of initial jobless claims data
(DBN)

Nasdaq ends lower as tech slides; inflation concerns weigh
(DBN)

Hedge funds will be the villain at GameStop hearing
(DBN)

Robinhood’s Ties to Hedge Funds Still Not Clear, Warren Says
(DBN)

Sen. Warren: Robinhood 'buried' information on consumer rights in runup to GameStop saga
(DBN)

'Roaring Kitty' sued for securities fraud over GameStop rise
(DBN)

Hedge funds, Robinhood face grilling by Congress over GameStop Reddit rally
(DBN)

______________

Layoffs:

When Google suddenly abandoned plans to create video games, over 150 staffers were reportedly blindsided by layoffs
(DBN)

Jaguar Land Rover to cut 2,000 jobs globally
(DBN)

______________

Retailing:

Retail sales surge 5.3% in January • U.S. retail sales leap 5.3% in January as stimulus checks help to boost economy
(DBN)

Century 21 plots comeback after bankruptcy, plans international reopening
(DBN)

____________

Utilities:

Former Texas governor Rick Perry claims Texans would rather endure blackouts than a federally regulated power grid
(DBN)

Texas seceded from the nation's power grid. Now it's paying the price • Why Does Texas Have Its Own Grid?
(DBN)

Texas leaders failed to heed warnings that left the state's power grid vulnerable to winter extremes, experts say
(DBN)

Texas Power Crisis Is Getting Worse With Millions Left in Dark
(DBN)

‘People Are Greedy’: The Absurd Electric Bills Slamming Texans
(DBN)

El Paso’s not seeing power outages like the rest of Texas – here’s why
(DBN)

ERCOT leaders claim actions averted blackout lasting 'months,' outages continue
(DBN)

'Ice everywhere' as Texans wake up to cold, 2.7 million homes lack power
(DBN)

Texas produces more power than any other state. Here's why it went dark anyway
(DBN)

Beto O'Rourke blames Republican leaders for Texas power outages: 'We are nearing a failed state'
(DBN)

Texas power outage highlights inequalities for minority neighborhoods
(DBN)

Two Million? Five Million? Real Size of U.S. Blackouts a Mystery
(DBN)

Biden administration sending generators to Texas amid power outages
(DBN)

‘My Face Is Freezing’: North Texans Share Misery Of Lengthy Power Outages
(DBN)

Almost Half of Texans Now Facing Water Disruptions • Texas hospitals are running out of water. Some facilities are now evacuating patients for their safety.
(DBN)

Texas: Freezing Cold and Burning Mad
(DBN)

____________

Nursing Homes:

Covid Deaths in U.S. Nursing Homes Fall After Ravaging Residents
(DBN)

____________

Student Debt:

AOC criticizes Biden's opposition to $50,000 in student loan forgiveness, saying his argument 'is looking shakier by the day' •Schumer, Warren Challenge Biden on Student Debt Cancellation • Several top Democrats break with Biden and push back on his reluctance to cancel $50,000 in student-loan debt • Biden wants to go big on the economy but go small on student-debt reform
(DBN)

Biden: ‘I'm Prepared to Write Off the $10,000 (Student) Debt, But Not $50K'
(DBN)

When Will The Deferral On Federal Student Loan Payments End?
(DBN)

____________

Autos:

Garrett Motion judge urges parties to refocus evidence amid dueling plans, suggests mediation
(DBN)

____________

Fraud:

PPP Fraud Is Ripe for Enforcement in 2021. Can Self-Disclosure & Cooperation Create a Path to Leniency?
(DBN)

____________


Economy:

U.S. Economy Surges Into 2021 as Sales, Output Top Forecasts
(DBN)

U.S. manufacturing output rose by more than forecast in January • U.S. industrial production is 'flying again'
(DBN)

U.S. business inventories climb 0.6% in December
(DBN)

Economy Leaving Midsized Companies Behind
(DBN)

Pandemic led to U.S. housing boom, reduced credit card debt, New York Fed says
(DBN)

Share of U.S. workers holding multiple jobs is rising, new Census report shows
(DBN)

A pandemic paradox: Americans' credit scores continue to rise as economy struggles — here's why
(DBN)

Wholesale inflation posts biggest surge since 2009, PPI shows, but it's unlikely to be sustained
(DBN)

Fed officials saw taper conditions not being met for 'some time' • Fed officials agreed medium-term prospects for the economy had improved: minutes
(DBN)

Household debt climbs to record in U.S. amid surge in mortgages
(DBN)

World’s $281 Trillion Debt Pile Is Set to Rise Again in 2021 • COVID response drives $24 trillion surge in global debt: IIF • Sea of debt
(DBN)

Global debt surged by more during the pandemic than the 2008 financial crisis, IIF finds
(DBN)

Millions of jobs probably aren't coming back, even after the pandemic ends
(DBN)

Joe Manchin Condemned by West Virginians for Opposing $15 Minimum Wage: 'Enough is Enough'
(DBN)

Biden, labor leaders to talk coronavirus aid, infrastructure at White House meeting
(DBN)

What's next for coronavirus stimulus? A series of hurdles
(DBN)

100 million workers — displaced
(DBN)

Workers from home beware - pay cuts might be the price of freedom
(DBN)

Is the Office Dead Forever?
(DBN)

Here’s What’s Keeping Jamie Dimon Up At Night
(DBN)

China Decoupling Would Cost U.S. Economy Billions, Chamber Says
(DBN)

U.S. retail sales surprise with sharpest advance in seven months
(DBN)

JPMorgan offers firms an exit for costly state covid bailouts
(DBN)

5 maps and charts show what a $15 minimum wage would really mean for workers across America • President Biden reiterates his support for a $15 minimum wage
(DBN)

Older workers are suffering more — but all is not lost
(DBN)

Allowed to have an audience again, New York City venues and bookers start scheduling an uncertain year
(DBN)

China Overtakes US as EU's Top Trade Partner
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

Americans’ mortgage debt increased to $10T in Q4
(DBN)

Black mortgage applicants far more likely to be rejected
(DBN)

Bay Area exodus leading edge of pandemic housing reshuffle • Where San Franciscans are really going
(DBN)

Improvement in U.S. Homebuilder Sentiment Belies Cost Concerns • Home builder confidence improves, but high construction costs remain a concern
(DBN)

Single-Family Rental Homes May Be Riskier Than Realized
(DBN)

Force Majeure and US Bankruptcy Case In re Hitz Restaurant Group
(DBN)

Former Trump Casino Where Stars Played Goes Out With a Bang
(DBN)

____________

Municipalities:

Puerto Rico: Plan of Adjustment Subject to 'Unreliable' Economic Projections
(DBN)

A shakeup in the ranks of powerhouse cities
(DBN)

____________

Oil/Gas:

Big Freeze in Texas Is Becoming a Global Oil Market Crisis
(DBN)

Oil ends higher as Texas output and refinery disruptions continue
(DBN)

Natural gas, not wind turbines, main driver of Texas power shortage • Frozen wind farms are just a small piece of Texas's power woes • Texas power disaster may be strongest case yet for renewable energy
(DBN)

Natural Gas Soars to $1,250 in Central U.S. on Supply Paralysis
(DBN)

Texas energy freeze stretches to sixth day, raises Mexico's ire • Volkswagen says will suspend some production in Mexico due to gas shortage
(DBN)

Amid Texas freeze, oil producers still shut; governor bans natural gas exports
(DBN)

Ford said its European car lineup would be all-electric by 2030, in a bid to lower CO2 emissions and avoid fossil fuel bans
(DBN)

____________

Healthcare:

Potential Barriers To Health Care Provider Bankruptcies
(DBN)

New Covid-19 cases down 16 percent last week: WHO
(DBN)

COVID-19 leads to staggering medical bills whether you recover or not
(DBN)

Fauci says the US may not have enough COVID-19 vaccines for everybody until June, later than planned
(DBN)

The US isn't prepared for a new, more infectious variant to be dominant by March - even with vaccinations underway
(DBN)

U.S. administering average of 1.7 million vaccine doses per day
(DBN)

Biden Administration to Spend $1.6 Billion to Expand Covid Tests
(DBN)

Harris's claim that Biden vaccine plan was 'starting from scratch'
(DBN)

Thousands of service members saying no to COVID-19 vaccine • One-Third of U.S. Troops Have Declined Covid Vaccine, Pentagon Says
(DBN)

Grocery workers say they can't get vaccines, even as they help distribute them
(DBN)

NYC Mayor Calls for Covid Probe, Pullback of Cuomo’s Powers
(DBN)

White House to provide $650 million to help schools increase COVID-19 testing capabilities
(DBN)

____________

Newspapers:

The 'audacious lie' behind a hedge fund's promise to sustain local journalism
(DBN)

The Baltimore Sun was spared a hedge-fund owner.
(DBN)

____________

Climate:

A Glimpse of America’s Future: Climate Change Means Trouble for Power Grids
(DBN)

Texas's cold-weather catastrophe is a global warning
(DBN)

Volunteers race to save thousands of cold-stunned turtles washing up in Texas
(DBN)

It's so cold in the South that families are bringing their farm animals inside
(DBN)

US needs to brace itself for more deadly storms, experts say
(DBN)

____________

Tech:

SolarWinds Hacks Perpetrated From Inside U.S., White House Says • White House says 'upcoming executive action' will address SolarWinds hack
(DBN)

Texas Power Failures Shut Chip Factories, Squeezing Tight Supply
(DBN)

Facebook will debunk climate change myths, embracing ‘arbiter of truth’ role
(DBN)

A quarter of Trump's 6,081 Facebook posts last year featured misinformation or extreme rhetoric
(DBN)

____________

Non-Profits:

Behind NRA’s fall, the high cost of betrayal
(DBN)

Is the NRA Out of Bullets?
(DBN)

____________

 
New Bankruptcy Opinions
(7 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (13 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (43 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:

BK NV: Updated Bankruptcy Case Filing Statistics
(DBN)

______________

Bankruptcy Reform:

Summary of BK Changes Under the CAA of 2020 and How This Will Impact Bankruptcy Processing for Chapter(s) 7,11,12, or 13
(DBN)

____________

Finance:

Who’s Down With PPP? SBA Doubles Down on Position that Debtors are Naughty by Nature (and Not Eligible for PPP Loans)
(DBN)

____________

Aviation:

Evolving restrictions have travelers on edge
(DBN)

Mesa Air stock soars to pre-COVID highs after BofA double upgrade to buy
(DBN)

Airline Catering Provider Wins OK To Advance Restructuring
(DBN)

Cautious Airbus forecast disappoints after 2020 loss
(DBN)

Air France-KLM sees bigger losses before recovery
(DBN)

Cloudy outlook for stalled jet fuel demand recovery
(DBN)

What Does Bankruptcy Mean For HNA's Dwindling Empire?
(DBN)

____________

Education:

Belgian schools are open. But teachers, left off the vaccine priority list, are rethinking the risks.
(DBN)

____________

Banking:

Citi may get stuck with huge chunk of distressed Revlon debt • A Crazy Debt Repayment Rule Just Cost Revlon $900 Million • Ouch, That Hurts • Citibank just got a $500 million lesson in the importance of UI design
(DBN)

Wells Fargo jumps as the bank reportedly gets Federal Reserve approval for overhaul plan
(DBN)

____________

Tourism:

Alaska tourists are no longer required to have a negative covid-19 test to visit
(DBN)

____________

Politics:

Lindsey Graham says Republicans 'don't have a snowball's chance in hell' of regaining Senate majority without Trump
(DBN)

Texas mayor says local government 'owes you nothing' as residents go days without heat or power • Texas Mayor Resigns After Telling People It’s Their Own Fault If They Freeze In Deadly Arctic Cold Snap
(DBN)

'Long overdue': Debate over reparations for Black Americans reignites on Capitol Hill
(DBN)

A Dem Assemblyman Said Gov. Cuomo Is 'Lying' About Nursing Home Data. Today, Cuomo Accused Him of ‘Unethical, if Not Illegal’ Conduct.
(DBN)

Biden FactCheck: “For the first time in American history, if you're seeking asylum ... you can't do it from the United States. … You’ve got to seek asylum from abroad.”
(DBN)

Rick Perry: Texans Prefer Blackouts to Regulations
(DBN)

____________

Coal:

Coal output declined 14.3% at top 25 Central Appalachian mines in 2020
(DBN)

____________

Crypto:

New York sues to shut down 'fraudulent' Coinseed crypto platform
(DBN)

____________

Pharma:

McKinsey’s work on opioid sales represents a new low
(DBN)

Sackler Family Can't Keep Names Of Its Businesses Secret
(DBN)

____________

Mass Torts:

Boy Scouts insurers urge judge to let them investigate some sex abuse claims
(DBN)

____________

Sovereigns:

Argentina Creditor Group Slams 'Erratic' Economic Policy, Warns on IMF Deal Delays
(DBN)

____________

UK:

U.K. gets approval to infect healthy volunteers in world's first coronavirus 'challenge trial' • Young, healthy adults will be paid GBP4,500 to be deliberately infected with COVID-19 in new trial
(DBN)

Cladding Scandal: ‘i Could Go Bankrupt’ Says Homeowner Reliant on Food Banks and Universal Credit Who Has Seen No Progress Despite Government Promises
(DBN)

Insolvency Service targets misleading advertising
(DBN)

Government to further extend corporate insolvency measures until 2022
(DBN)

Taxi driver turned property guru who flaunted his wealth on TV's Secret Millionaire spin off goes bankrupt for SECOND TIME with debts of £4million
(DBN)

____________

EU:

Record bankruptcy numbers forecast for EU
(DBN)

Europe’s Pandemic Debt Is Dizzying. Who Will Pay?
(DBN)

EU faces brutal choices over coronavirus corporate rescue money
(DBN)

____________

Canada:

Key Developments In Canadian Insolvency Case Law In 2020
(DBN)

____________

Japan:

Japan's ruling party says women can join key meetings - as silent observers
(DBN)

____________

Switzerland:

Switzerland Doubles Aid to Crisis-Hit Businesses to $11 Billion
(DBN)

____________

France:

French Govt Says Too Early to Reopen Bars, Restaurants, Venues
(DBN)

____________

Germany:

AstraZeneca’s Covid-19 Vaccines Are Going Unused in Germany
(DBN)

____________

Cyprus:

A third of bars, clubs, restaurants face bankruptcy
(DBN)

____________

Australia:

Government warned against making bankruptcy an ‘attractive option’
(DBN)

Unemployment falls further in Australia as recovery intensifies
(DBN)

____________

MENA:

Understanding Saudi bankruptcy law, procedures
(DBN)

____________


The Daily Bankruptcy News is primarily a curated news link gathering service.   Most of the headlines contained in the publication are a collection of links to stories posted on the Internet by various third party publications.  Such content is owned by third party sources, not The Daily Bankruptcy News, and in some cases, these links change or expire, which means you may not be able to view some news stories in prior editions of the Daily Bankruptcy News. The DBN subptption fee is not a fee for access to the content of the links, but is a charge for the considerable work involved in gathering, organizing and presenting the links. Use of this site and The Daily Bankruptcy News is subject to our Terms of Use. If you received The Daily Bankruptcy News via email (and you have a paid subscription account), to view a news story, click on the headline, and the story should open in your web browser. To view additional stories, click back to the email and click on additional headlines, which will cause new stories to open in your web browser.  You can view the most recent edition of The Daily Bankruptcy News on the web at BKInformation.com.

Advertising
Advertising is available in The Daily Bankruptcy News. Click here for details  Feel free to contact us with any questions.

Passwords/Subscriptions
Access to certain links in The Daily Bankruptcy News is available only to readers holding a paid service subscription. These links are currently marked with a "DBN" notation. The cost of a subscription is $66.50/year, payable annually.  Volume discounts are available for sites with multiple users. Click here to see a schedule of discounts. Complimentary subscriptions are available for full-time educational and governmental employees and for full time students. For information about discounts or educational/governmental subscriptions, contact us by clicking here. A separate password is required for each member of a firm wishing access to restricted links.

New readers can receive a free password good for 30 days by clicking here. 30-day passwords are not available to readers who have previously had a password, even if the password was associated with a different email address used by the reader. Refunds are not available after purchase.

Readers who wish to change their passwords should click here. Readers who have forgotten their password should click here.

Adding Your Email Address To The Distribution List
If you would like to start receiving The Daily Bankruptcy News by email each day, click here, and fill in the information requested. There is no charge to be placed on the distribution list to receive the headlines, although access to many of the links behind the headlines requires a paid subscription (see above, under Passwords). If, after adding your email address to the distribution list, you do not receive an email confirming the addition, please contact us by clicking here for help.

Removing Your Email Address From The Distribution List
If you already receive The Daily Bankruptcy News by email and you wish to remove your email address from the distribution list, click here and send the email that should appear. You do not need to type anything in the body of the email message. Note that the email asking for removal must be sent from the same email address which is on our distribution list. If you do not receive an email confirming deletion of your email address from the distribution list, contact us by clicking here for help.

If receive the publication forwarded from an older email address, you will need to contact us as described below for help removing that older address from our distribution list.

Press Releases/News Tips
Please send press releases and news tips to admin@bkinformation.com

Contact Us
The Daily Bankruptcy News is published each business day by BKINFORMATION.COM, L.L.C. You can phone or text us at 281-402-3957. You can email us at accounting@bkinformation.com (email inquiries are usually answered substantially more quickly than phone inquiries). Our mailing address is 935 Eldridge Road, No. 350, Sugar Land, Texas 77478.
Copyright 2021