February 24, 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:

Lawyer who fled US pleads guilty after he’s accused of repeatedly billing state for over 24 hours per day
(DBN)

How one phone call with Donald Trump destroyed this Republican lawyer's career
(DBN)

Texas offers makeup bar exam because of deep freeze
(DBN)

With Retroactive 2-Year Suspension, Did Court 'Underplay' Gordon Caplan's Wrongdoing?
(DBN)

Looking At Cravath’s Federal Case Footprint
(DBN)

Rudy Giuliani and His Staff Dodged Billion-Dollar Lawsuit by Repeatedly Running Away and Running Red Light: Report Giuliani Stands Up To Dominion By . . . Ducking Process Server
(DBN)

Suit Against Girardi Keese Over Missing Lion Air Money Paused
(DBN)

Being Married To A Lawyer Isn’t All It’s Cracked Up To Be
(DBN)

Merrick Garland Asked To Put A Stop To Biglaw Revolving Door… He Won’t McConnell to support Garland for attorney general Garland cruises through confirmation hearing as GOP support solidifies
(DBN)

The Bar Exam-Industrial Complex Wages War In Washington State
(DBN)

New York City GOP district leader arrested in Capitol riot case Retired NYPD cop charged in Capitol riot, accused of attacking officer with flag pole A 'Danger to the Community': 20-Year NYPD Veteran Denied Bail Over Role in Jan. 6 Insurrection 'These Criminals Came Prepared for War': Law Enforcement Leaders Describe Combat, Chemical Burns and CS Gas in Senate Hearing on Capitol Siege Man Arrested After Capitol Siege Said Rioters Were ‘Patriots Who Were Trying to Restore the Republic,’ Not ‘Antifa Provocateurs’ Queens GOP Leader Who Calls Himself ‘The Republican Messiah’ Charged in Capitol Riots After Being Identified by Knights of Columbus Jacket QAnon Shaman Wants Out of Jail; Says the Government Lied About His Flagpole and Finial
(DBN)

Judge rips Capitol rioter’s Trump defense
(DBN)

NY Prosecutors Looking into Trump Jr.
(DBN)

The Latest Legal Musings From The Hobbit-Loving, Capitol-Storming Attorney
(DBN)

Political extremists are ‘impulsive’ thrill-seekers, but mentally slower
(DBN)

Neo-Nazis Wanted Compound in Michigan
(DBN)

Pentagon wades into political minefield in hunt for extremists
(DBN)

Security officials cast blame for Jan. 6 failures at Capitol Law Enforcement at Odds in Senate Testimony on Capitol Attack Capitol security officials blame poor intelligence — and each other — for the Jan. 6 riot Ex-police chief says request for National Guard was denied 2 days before Capitol riot Former House Sergeant at Arms denies delay in approving National Guard during riot Ex-Capitol security chiefs say they didn't receive FBI memo warning of Jan. 6 "war" Intelligence lapses and military tactics drove Capitol attack Capitol defenders cite missed intelligence for deadly breach Takeaways from Congress’ first hearing on Capitol riot FBI Accused of Intel Failure in Capitol Riots
(DBN)

Republican senator defends pro-Trump protesters who stormed Capitol, falsely blaming insurrection on ‘fake supporters’
(DBN)

Trump may soon have to answer rape allegations under oath
(DBN)

In Third Attempt to Get Out of Jail, Ghislaine Maxwell Promises to Renounce French and British Citizenship
(DBN)

Dominion’s latest election suit, for $1.3 billion against MyPillow’s Lindell, is ‘definitely not the last,’ CEO says
(DBN)

Two Supreme Court cases could destroy what remains of the Voting Rights Act
(DBN)

Why Biden can't make states vaccinate teachers — or anyone else
(DBN)

Nation’s oldest, longest-serving juvenile lifer is released from prison at age 83
(DBN)

Judge bans enforcement of Biden’s 100-day deportation pause
(DBN)

14-Year-Old Girl Charged with Homicide as an Adult After Making Chilling 911 Call, Admitting to Stabbing Older Sister in Wheelchair: Police
(DBN)

Woman claiming to have COVID blows in deputy’s face, gets assault charge, NC cops say
(DBN)

Illinois will end cash bail, require police body cameras in criminal justice overhaul signed by governor
(DBN)

Biden considers regulating ‘ghost guns,’ other executive actions to curb gun violence
(DBN)

No charges against officers involved in Daniel Prude’s death New York Attorney General Calls for Massive Police Reforms After Grand Jury Did Not Indict Officers in Daniel Prude's Death
(DBN)

Video Shows Man Running From Cops w/o Gun
(DBN)

South Dakota AG's Story on Killing a Man Not Credible South Dakota Moves to Impeach AG
(DBN)

Dems clash over Biden-era police bill after 'defund' attacks
(DBN)

Ahmaud Arbery’s Family Files Federal Civil Rights Lawsuit Exactly One Year After He Was Shot and Killed Memorials, lawsuit mark death anniversary of Ahmaud Arbery
(DBN)

______________

Judges:

Barrett, Kavanaugh didn’t join conservative dissenters who called for SCOTUS to hear election challenge
(DBN)

______________

Wall Street:

Stock futures steady after Tuesday’s intraday comeback
(DBN)

______________

Layoffs:

Semiconductor chip shortage leads to 160+ layoffs at GM Flint Engine Operations
(DBN)

Solvay to cut 500 jobs
(DBN)

BBVA may cut 3,000
(DBN)

______________

Retailing:

Belk files Chapter 11 bankruptcy in Houston, giving the retail icon a lifeline Sycamore’s Belk Files Bankruptcy to Tame Debt, Raise Cash First Day Dec
(DBN)

Fry's Electronics to Shutter Their Stores
(DBN)

Macy's forecasts upbeat 2021 sales on stimulus checks, online shoppers
(DBN)

Best Buy gives pandemic-related bonuses to employees amid company layoffs
(DBN)

L Brands to test private equity firms' appetite for Victoria's Secret again: NYT
(DBN)

Lowe’s earnings top estimates as same-store sales jump 28%, warns some DIY trends could fade
(DBN)

The outdoors boom spared many retailers from the harshest impacts of COVID
(DBN)

____________

Healthcare:

California's rocky COVID-19 vaccine rollout dogged by poor communication, forecasting
(DBN)

LA’s Rich Somehow Got COVID Vaccines Meant for Minority Communities
(DBN)

Covid-19 vaccine success won’t eliminate virus risk, UK concludes
(DBN)

U.S. poised to have 3M vaccine doses available per day by April
(DBN)

California's coronavirus strain looks increasingly dangerous: 'The devil is already here'
(DBN)

What New York City might reveal about declining COVID-19 cases
(DBN)

What Dr. Fauci is, and is not doing, now that he’s fully vaccinated for Covid
(DBN)

Dr. Fauci Says Trump’s ‘Denial and Lack of Facts’ Contributed to Magnitude of U.S. Covid Death Toll
(DBN)

Masks will be needed until at least 2022 'for the safety of the nation,' says CVS chief
(DBN)

The growing evidence that the Covid-19 vaccines can reduce transmission, explained
(DBN)

From escape mutations to wild strains: What you need to know about Covid variants
(DBN)

Drug execs face Capitol Hill questions on vaccine supply Pfizer and Moderna expect to double vaccine shipments by spring
(DBN)

Biden's window of opportunity on COVID
(DBN)

People in France, Germany, and the UK are turning down the AstraZeneca vaccine because they want the Pfizer one instead, reports say
(DBN)

As more governments mull vaccine passports, critics raise discrimination fears
(DBN)

NDakota: Bill Forbids Mandatory Mask Use
(DBN)

____________

Accounting:

U.S. SEC suspends former KPMG auditors for improper professional conduct
(DBN)

SEC charges auditors in College of New Rochelle debacle
(DBN)

____________

Student Debt:

It’s now easier for struggling student loan borrowers to get business loans
(DBN)

Here’s Everyone Who Wants Biden To Cancel Student Loan Debt (It’s Popular)
(DBN)

____________

Autos:

Tesla drops as much as 13%, turns negative for the year How Elon Musk Lost $30 Billion Overnight As Tesla Stock And Bitcoin Crater Elon Musk moved to Texas and embraced celebrity. Can Tesla run on Autopilot?
(DBN)

KBRA: Delinquencies remain below pre-pandemic readings
(DBN)

____________


Economy:

Powell says inflation is still ‘soft’ and the Fed is committed to current policy Fed’s Powell: Recovery incomplete, high inflation unlikely Fed's Powell says economy could improve later this year but sees no change in policy Fed Chair Powell: Semiannual Monetary Policy Report to the Congress Powell says economy still needs Fed support, pushes back on inflation worries
(DBN)

Visualizing the Fed’s new monetary policy tools
(DBN)

Fed's Powell: 2021 GDP growth could be in range of 6%
(DBN)

Unemployment Problem Worse Than It Seems
(DBN)

Trying to Get Back Into the Middle Class
(DBN)

'Hybrid work' is going to cleave America in yet another way
(DBN)

Why Top Economists Are Citing a Higher-Than-Reported Jobless Rate
(DBN)

GOP senators unveil $10 minimum wage hike proposal
(DBN)

150 business leaders, including Google's Sundar Pichai and longtime Trump ally Stephen Schwarzman, are backing Biden's $1.9 trillion stimulus bill in a letter to Congress
(DBN)

Consumer confidence climbs to three-month high as more Americans plan vacations
(DBN)

The best stimulus idea Democrats are leaving on the table
(DBN)

39% of voters now believe the worst of the coronavirus pandemic is behind us.
(DBN)

Fauci says he sees U.S. CDC relaxing some COVID-19 guidelines soon Fauci said new CDC rules are coming for people who've been fully vaccinated
(DBN)

The Paycheck Protection Program is now more accessible — but it’s still flawed
(DBN)

The Most Likely Timeline for Life to Return to Normal
(DBN)

For Senate rules arbiter, minimum wage is latest minefield
(DBN)

UN Security Council to discuss the ‘gravest threat’ to global peace and stability
(DBN)

JPMorgan Chase announces latest efforts in commitment to close racial wealth gap
(DBN)

How a $15 minimum wage could boost Social Security benefits
(DBN)

How a $15 minimum wage could help restaurants and other hard-hit small businesses
(DBN)

Treasury Secretary Janet Yellen says she is open to increasing corporate taxation and hiking capital gains tax and has had talks about one-off 'wealth levy' - but that Joe Biden opposes it
(DBN)

What good is a commuter tax in a work-from-home world?
(DBN)

Biden orders supply chain review for 4 industries
(DBN)

America’s Excessive Government Spending Must Stop
(DBN)

Visualizing Extreme Poverty by Country
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

Brooklyn Real Estate Empire Strained With Rental Bankruptcy
(DBN)

Zillow Case-Shiller House Price Forecast: "More strong growth in the months ahead", 10.9% YoY in January
(DBN)

Case-Shiller: National House Price Index increased 10.4% year-over-year in December
(DBN)

Southern California home prices, sales jump 13% in January
(DBN)

December Home Price Gains Highest Since 2014
(DBN)

DeNardo companies file for bankruptcy to stall Marker 27 townhouse project foreclosure
(DBN)

The Places Where It’s Hardest to Afford a Home
(DBN)

____________

Municipalities:

Puerto Rico to Slash Bond Debt in New Restructuring Pact Puerto Rico reaches deal with debt holders with 14% less repayment Puerto Rico’s Senior Creditors Agree to New Bankruptcy Exit Plan That Significantly Enhances Commonwealth’s Financial Flexibility Puerto Rico Rides Muni-Bond Rally to Bankruptcy Deal Deal reached to cut Puerto Rico bond debt, pensions a sticking point Puerto Rico governor rejects key deal with creditors to reduce debt due to pension cuts Puerto Rico Rejects Key Deal With Creditors to Reduce Debt
(DBN)

____________

Oil/Gas:

In re First River Energy, LLC: Perfected Delaware Lien Takes Priority Over Texas Statutory Lien on Oil Proceeds
(DBN)

Bank Of America Sees $70 Oil By Summer
(DBN)

How Hard Did The Texas Freeze Hit U.S. Shale Production?
(DBN)

Interior nominee Deb Haaland looks to thread the needle on oil
(DBN)

Occidental Petroleum expects temporary impact from winter storms
(DBN)

Feds to Probe Texas Natural Gas Price Spike
(DBN)

Biden Is About To Send The Electric Vehicle Revolution Into Overdrive
(DBN)

Whispers of $100 Oil Return
(DBN)

____________

Education:

Despite federal guidance, some schools still can’t reopen
(DBN)

Defunct online charter school fights order to repay $60M
(DBN)

____________

Climate:

Global peace and security threatened by climate change, Security Council to hear
(DBN)

Climate change is not priced into markets but its effect could be substantial
(DBN)

Attenborough's stark warning on climate change: 'It's already too late'
(DBN)

____________

Tourism:

Tourists accused of breaking Hawaii COVID rules by pretending to be locals
(DBN)

____________

Utilities:

Energy deregulation worsened the Texas crisis - and Enron is partly to blame
(DBN)

Houston's 'Hidden Tax' of Trauma: The Top Attorney of Texas's Biggest County Sounds Off on the Outages and Environmental Justice on Law&Crime's 'Objections'
(DBN)

Five Board Members, Including the Chair, Resign from Embattled Texas Regulator ERCOT Following Outages
(DBN)

Texas disaster puts Beto O’Rourke back in business
(DBN)

Who's Holding the Bag For Tx. Electric Bills?
(DBN)

New homes fueled Texas power demand ahead of deadly winter storm
(DBN)

We’re all supposed to be survivalists now
(DBN)

Just Energy says Texas customers protected from storm-related price surge
(DBN)

Texas freeze raises concerns about 'ridiculous' variable rate bills
(DBN)

Houston's Harris County is looking into leaving the Texas power grid after recent widespread power failures
(DBN)

Biden to travel to Houston on Friday to survey storm damage
(DBN)

TX: Griddy Sued for $1 Billion
(DBN)

Lawsuits Surge Over Texas Winter Storm, but Actions Against Utilities Could Stumble
(DBN)

Texas blackout: How can electricity grids weather climate shocks?
(DBN)

____________

Hotels:

Williamsburg Hotel Files Bankruptcy Amid Covid-Spurred Gloom Heritage Equity’s Williamsburg Hotel Files for Bankruptcy
(DBN)

Holiday Inn and Crowne Plaza owner IHG warns of tough 2021
(DBN)

____________

Fraud:

CEO Who Blamed His Cancer on Short Sellers Set for Sentencing
(DBN)

Elizabeth Holmes denies destroying evidence in Theranos case
(DBN)

____________

Religion:

Southern Baptists oust 2 churches over LGBTQ inclusion
(DBN)

____________

Gig Economy:

The Gig Workers We Don't Talk About
(DBN)

____________

Mass Torts:

Boy Scouts seek to extend halt to lawsuits vs. local groups
(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 (38 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (20 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:

Subchapter V Surge
(DBN)

______________

Bankruptcy Policy:

Bail-outs and Bail-ins are better than Bankruptcy: A Comparative Assessment of Public Policy Responses to COVID-19 Distress
(DBN)

____________

Safe Harbors:

Delaware Bankruptcy Court Weighs in: Debtors Are Not Excluded From Bankruptcy Code’s Definition of “Financial Participant” and Safe Harbor
(DBN)

____________

UST:

UST Quarterly Fees changing as of April 1, 2021
(DBN)

____________

Mediation:

Gaining Insight Into Mediating Parties’ Psychological States, Based on “Gaze Behavior”
(DBN)

____________

Litigation:

Double Masking is Good, but Still Make Sure You Can Be Heard in a Deposition
(DBN)

____________

Exemptions:

California Enacts The Most Significant Change in Bankruptcy History
(DBN)

____________

Tax:

Texas taxpayers will get until June 15 to file 2020 returns
(DBN)

____________

Aviation:

Air Travel Quarantines Are Getting Longer and Lonelier
(DBN)

Quarantine-free travel may be one step closer with new travel industry app
(DBN)

Damage to fan blade in United Boeing 777 engine consistent with metal fatigue, NTSB says FAA working 'nonstop' on United Airlines Boeing 777 engine failure probe
(DBN)

U.S. aviation regulator warns of new safety risks from pandemic
(DBN)

Spirit Aero revenue halves, flies into loss as Boeing troubles weigh
(DBN)

Airlines and travel stocks surge as U.K. sets out lockdown exit plans
(DBN)

Jetmakers to lose orders in Norwegian restructuring: sources
(DBN)

Norwegian proposes haircut for creditors
(DBN)

AirAsia Group recognizes RM299m loss on Japan associate's bankruptcy proceedings AirAsia Japan commences bankruptcy proceedings
(DBN)

____________

Banking:

U.S. bank profits fell 36.5% in 2020 on pandemic concerns - FDIC
(DBN)

FDIC: Problem Banks Unchanged, Residential REO Declined in Q4
(DBN)

____________

Politics:

Gallup: Congressional Job Approval Highest in Nearly 12 Years
(DBN)

Gallup: Biden Gets High Marks for COVID-19 Response
(DBN)

Cruz says his wife was ‘pissed’ about leaked text messages, paparazzi coverage
(DBN)

160 Confederate symbols taken down in year
(DBN)

Anti-Maskers Head to CPAC, Setting Stage for a Showdown
(DBN)

Former Florida congressman fined $456K for campaign scheme
(DBN)

How the White House botched the Neera Tanden nomination
(DBN)

This Congress is the most diverse ever. But Hill staffers remain overwhelmingly white.
(DBN)

Trump taunts don’t shake McConnell’s hold on Senate GOP
(DBN)

____________

Crypto:

'Retail suckers' with FOMO will eventually get crushed on Bitcoin, says Roubini
(DBN)

____________

Tech:

Facebook's oversight board has received appeal from 'user' in Trump ban case
(DBN)

____________

Coal:

Arch Resources winding down massive US coal mine as customer base dwindles
(DBN)

____________

Sovereigns:

Downgrade fears will deter countries from joining G20 debt relief framework - World Bank
(DBN)

Argentine president seeks to stamp authority on IMF debt talks
(DBN)

IMF, Ethiopia agree framework for loan deal reviews
(DBN)

____________

UK:

Schemes and Restructuring Plans: Challenging Times?
(DBN)

Cladding: Fire safety bill could leave leaseholders 'bankrupt'
(DBN)

France, Britain urged to rescue Eurostar from bankruptcy
(DBN)

England must come out of pandemic safely, not rush, minister says
(DBN)

Holiday bookings soar as Britons hope for travel restart
(DBN)

Summer of freedom could be brought to crashing end by fourth coronavirus wave, scientists warn
(DBN)

UK PM Johnson says optimistic about fully reopening in June
(DBN)

UK retailers see sharp fall in sales and mounting job losses, CBI says
(DBN)

____________

PIIGS:

Portugal's COVID-19 nightmare eases but end of lockdown still out of sight
(DBN)

Major Spanish renewable energy group Abengoa files for insolvency
(DBN)

____________

Canada:

Bank of Canada sees economy strengthening as inoculations pick up
(DBN)

____________

France:

French port of Dunkirk proposes ban on public gatherings over COVID surge
(DBN)

____________

China:

China's Crackdown on Defaulters Starts to Embolden Creditors
(DBN)

Chinese court rules that a woman’s housework is worth $128 a month
(DBN)

____________

Germany:

Germany defends COVID border curbs
(DBN)

Merkel says Germany in third wave of pandemic: sources
(DBN)

____________

Sweden:

Face-Mask Skepticism Fades in Sweden as Infection Rates Rise
(DBN)

____________

Hong Kong:

Hong Kong announces over $15 billion budget to lift economy out of recession
(DBN)

____________

Singapore:

FTI Consulting selected to run Simplified Insolvency Programme
(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