February 4, 2021

The Daily Bankruptcy News

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Law:

43% of partners took a pay cut because of COVID-19, new survey finds
(DBN)

The Impact Of COVID-19 On Biglaw Partners’ Compensation
(DBN)

After cutting lawyers in ‘a pace reminiscent of 2009,’ law firms see net income rise nearly 10%
(DBN)

How Law Firms Should Talk About Their Success in a Bad Year
(DBN)

Cooley Boosts 'Special' Bonuses
(DBN)

Top Biglaw Firm Announces Bonuses And Changes Its Tune About Special Bonuses
(DBN)

The Biglaw Firm That Started The Special Bonus Party Is Now Offering Bigger, Better Special Bonuses
(DBN)

Simpson Thacher Establishes European Restructuring Practice With Leading Restructuring Lawyers
(DBN)

Goodwin Procter reports data breach from hack of third-party vendor Goodwin Procter Says It Was Hit by Data Breach of Vendor
(DBN)

Ex-BigLaw Bankruptcy Atty Pleads Guilty In Extortion Rap
(DBN)

Girardi Keese Hands Off SoCalGas Leak Cases to Frantz Law Group
(DBN)

Bankruptcy Trustee Seeks to Turn Over Tom Girardi's California Home
(DBN)

After Getting Dragged For Lackluster Response To Students’ Mental Health Issues, Columbia Law School Is Making Changes
(DBN)

How Going To Law School Is Like Purchasing GameStop Stock
(DBN)

In 2021, Law Firm Leaders Are Placing 'Bets' on the Future
(DBN)

Garland could be stuck in Senate limbo for several more weeks
(DBN)

Greenberg Traurig Wants Absolutely Nothing To Do With Rudy Giuliani
(DBN)

Rudy Giuliani Responds to Lincoln Project’s Litigation Threat: ‘I'm Writing Them a Letter Back Telling Them I Will Not Respond to Their Letter'
(DBN)

‘QAnon Shaman’ Files ‘Emergency Motion’ for Organic ‘Sustenance,’ Including Wild Caught Tuna, Vegetables, and Soup Federal Judge Quells ‘QAnon Shaman’s’ Hunger Strike by Ordering Up Organic Jail Food U.S. mulls using law designed to prosecute Mafia against Capitol rioters FBI Arrests Proud Boys' ‘Sergeant of Arms,’ Says Group Planned in Advance to Storm U.S. Capitol Building
(DBN)

Officer Killed in Riot Is Honored in Capitol That Mob Overran
(DBN)

White Nationalist Troll 'Ricky Vaughn,' Whose Memes Sparked Election Interference Charges, Ordered Released on Bond
(DBN)

Lin Wood Would Have To Be Crazy To Vote Illegally. Oh, Wait.
(DBN)

In rare public statement, congressional aides call for Trump's conviction
(DBN)

Trump impeachment lawyer says would be 'idiotic,' 'insane' to rehash election fraud claims
(DBN)

Legal Experts Rubbish 'Quite Bad,' 'Very Poor' Idea of Secret Impeachment Trial Vote in U.S. Senate: 'Democracy Is About Transparency'
(DBN)

Gov. DeSantis’s Proposed Law Penalizing Social Media Companies for De-Platforming Politicians Is ‘Hilariously Unconstitutional’
(DBN)

Are You Smarter Than A Trump Lawyer?
(DBN)

House Democrat cheers Gaetz's offer to resign, help Trump with trial
(DBN)

Bannon, Pardoned by Trump, Now Faces Manhattan D.A. Investigation
(DBN)

Officials: no Super Bowl threat amid rise of white supremacy
(DBN)

How billionaire Robert Smith avoided indictment in a multimillion-dollar tax case
(DBN)

Supreme Court Removes Two High-Profile Trump Immigration Cases That Biden Wanted Dropped
(DBN)

Yale Says U.S. Justice Department Has Dropped Probe Into Admissions DOJ Repudiates Trump Administration Initiative by Abandoning Discrimination Lawsuit Against Yale
(DBN)

Supreme Court Unanimously Decides Victims of Nazi Property Crimes and Art Theft Can't Get Justice in U.S. Courts Jurisdictional win for Germany in lawsuit seeking to recover art taken by Nazis
(DBN)

'QAnon Shaman' from Capitol riot hasn't eaten in a week due to lack of organic food in jail, lawyer says
(DBN)

Sen. Warren Asks Treasury to Investigate Role of ‘Dark Money’ in Attack on U.S. Capitol
(DBN)

Prosecutors Couldn’t Find Kyle Rittenhouse, So They Sought a New Arrest Warrant. The Story Just Got Weirder.
(DBN)

Ohio officer charged in fatal shooting of Andre Hill
(DBN)

Pentagon to Deal with Extremism in Ranks
(DBN)

Why do barristers wear wigs? ‘Dress Codes’ explores fashion and the law
(DBN)

Massachusetts Inmates Can Earn Slightly Shorter Prison Sentences By Getting COVID Vaccine
(DBN)

Racial slur costs chart-topping country music star Morgan Wallen spot on radio stations Morgan Wallen cut from CMT, dropped by his label over use of racial slur
(DBN)

Shooting Victim Sues Swastika Enthusiast
(DBN)

Perkins Coie Lawyer Becomes ‘Jeopardy!’ Champ in Record Run
(DBN)

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Judges:

Biden moves quickly to make his mark on federal courts
(DBN)

Judge was a policymaking employee subject to patronage termination, 5th Circuit rules
(DBN)

Like Trump, Biden asks ABA to start judicial ratings process after nominations are made
(DBN)

Fate of Senate Custom an Early Test for Durbin on Judicial Picks
(DBN)

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Wall Street:

Stock futures are flat after a three-day winning streak on Wall Street
(DBN)

S&P 500 ends higher as Alphabet jumps, volatility eases
(DBN)

Reddit trader ‘Roaring Kitty’ behind GameStop rally says he lost $13M in one day SEC Hunts for Fraud in Social-Media Posts That Drove Up GameStop GameStop, AMC Frenzy Was Bigger Than U.S. Oil Market, RBC Says Hedge Funds Hunt Frothy Names to Short, Even After GameStop Fed's Bullard says not seeing broader risks from Gamestop trading frenzy Wall Street worries about regulatory fallout from the GameStop saga
(DBN)

The SEC could cripple Robinhood's business model by enforcing existing rules, experts say
(DBN)

Lawsuits see conspiracy in Robinhood's GameStop moves, but experts doubt narrative
(DBN)

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Layoffs:

Commerzbank's new CEO finalizes plans to cut 10,000 jobs
(DBN)

Layoffs at Chesapeake: Hundreds cut as bankruptcy process nears end
(DBN)

Toll Worker Job Losses Highlight Long-Term Fallout of Pandemic
(DBN)

American to Furlough Up to 13,000
(DBN)

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Electricity:

Frontera Holdings and Affiliates File in BK SD TX - First Day Dec
(DBN)

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Non-Profits:

NRA Bankruptcy Lets Critics Peer Into Gun Lobby’s Inner Workings
(DBN)

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Pharma:

McKinsey settles for $573 million over role in opioid crisis
(DBN)

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Healthcare:

CDC director: Coronavirus infections, hospitalizations falling Covid Stress on U.S. Hospitals Is Easing as Case Numbers Fall U.S. COVID cases continue to fall, even with one-day death rate still above 3,000
(DBN)

Why are coronavirus cases plummeting? New infections have fallen 44% in the US and 30% globally in the past 3 weeks and experts say vaccine is NOT the main driver because only 8% of Americans and 13% people worldwide have received their first dose
(DBN)

A Parallel Pandemic Hits Health Care Workers: Trauma and Exhaustion
(DBN)

Mapped: Healthcare Costs in All 50 States
(DBN)

The Demographics Of The U.S. Vaccination Campaign
(DBN)

Pfizer spent months working to extract sixth dose from vials as vaccine production shortfalls loomed
(DBN)

UK launches ‘world first’ trial mixing different Covid vaccines for first and second doses
(DBN)

Vaccinated, but Can You Still Infect Others?
(DBN)

Oxford-AstraZeneca coronavirus vaccine may help prevent transmission, study finds Study finds COVID-19 vaccine may reduce virus transmission
(DBN)

As new coronavirus strains raise questions about mask quality, the N95 market in the U.S. is still facing supply issues
(DBN)

One nurse's diary of life after the vaccine: A glimpse of post-pandemic normalcy
(DBN)

Dr. Fauci warns against Super Bowl parties: 'Just lay low and cool it'
(DBN)

NYC health commissioner tests positive for COVID-19
(DBN)

Location Of Some Vaccine Sites Being Kept ‘Secret’ Until Patients Make An Appointment
(DBN)

Nearly 1.9 million seek vaccine appointments at Cook County site in first hour of website launch
(DBN)

Denmark launching a 'coronavirus passport' to prove vaccination
(DBN)

1 in 4 Americans say they would never get COVID-19 vaccine: poll
(DBN)

Coronavirus antibodies last for at least 6 months, UK study says
(DBN)

Vermont elections chief pushing to make universal ballot mailing permanent
(DBN)

____________

Travel:

New U.S. transportation chief optimistic about future of travel despite COVID-19
(DBN)

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Hotels:

DC Hotel Owner Says Its Ch. 11 Case Belongs In Delaware
(DBN)

Empty hotel rooms have become private dining rooms and office spaces
(DBN)

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Crypto:

Cred Inc. Subsidiary's Ch. 11 Case Survives Dismissal Bid
(DBN)

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Economy:

ISM Services Index Increased to 58.7% in January Service Industries in U.S. Expand by Most in Nearly Two Years Services side of U.S. economy speeds up in January, signals faster growth
(DBN)

ADP: Private Employment increased 174,000 in January U.S. Companies Add More Jobs Than Expected, ADP Data Show U.S. Private Sector Returns to Job Growth in January — ADP
(DBN)

Why US hiring could rebound faster than you might expect The Race To Full Employment
(DBN)

Economy Will Return to Pre-Pandemic Size by Midyear, but Job Recovery Will Take Years: CBO
(DBN)

Fed's Bullard says unemployment may continue to fall rapidly Fed's Bullard sees 'very strong' U.S. economic growth as pandemic eases in 2021
(DBN)

U.S. companies set to post profit growth for Q4, which would defy forecasts
(DBN)

Smaller U.S. Cities Are Beating the National 6.5% Jobless Rate
(DBN)

Fed Survey Shows ‘Stark’ Race Gap in Credit Health of Small Firms
(DBN)

Most Small Firms Below Pre-Pandemic Levels, Fed Survey Finds
(DBN)

Biden Wants a $15 Minimum Wage. Here's What People Say It Would Do to the Economy
(DBN)

Why Are GOP Presidents Bad for US Economy?
(DBN)

Most Republicans Back $2,000 Stimulus Checks Despite GOP Bid to Shrink Payments Yellen calls for 'acting now - and acting big' on pandemic relief Schumer, after Biden meeting, says Democrats united on a 'bold' COVID-19 bill Battle over $1.9 trillion relief package is as much about political optics as economic necessity Joe Manchin Confident $1,400 Stimulus Checks Will Pass and 'Go Out Quickly' Key Democratic Sen. Joe Manchin signs off on $1.9 trillion COVID-19 stimulus bill as long as there's a 'bipartisan process' Democrats may have to lower ambitions for relief bill as Manchin stands firm Biden flexible on who gets aid, tells lawmakers to ‘go big’ Duckworth Endorses Budget Reconciliation As McConnell Slams 'Partisan Path' Biden commits to $1,400 checks, but open to eligibility limits Poll: Voters say stimulus checks should be prioritized in COVID-19 relief bill Biden Quickens Aid-Bill Push, Hosting Senate Democrats for Talks Biden economic advisor Bernstein defends relief plan’s $1.9 trillion price tag How ‘urgent’ Covid relief package consensus can be reached: BRT’s Josh Bolten Biden vs. GOP: Who's stimulus deal is best? House moves toward passage of budget bill unlocking partisan path for Biden coronavirus relief bill Nearly 70% of Americans back Biden’s $1.9 trillion Covid relief plan, poll finds
(DBN)

The Need to Spend Without Delay in Battling the Coronavirus
(DBN)

More unemployment aid may be coming. Many are still waiting on the last round
(DBN)

Dire unemployment forecast demands 'immediate action' - White House advisers
(DBN)

McConnell slams Democrats for using the same mechanism to force through COVID-19 stimulus that he used to pass the 2017 tax cuts
(DBN)

When will normal life return? Maybe by summer — with luck and the right steps
(DBN)

U.S. Treasury leans toward backing US$500B boost for IMF
(DBN)

North American Rail Traffic Rose 0.7% in Week Ended Jan. 30
(DBN)

U.S. Still Faces Uncertain Borrowing Needs Due to Covid-19, Treasury Says
(DBN)

World Economic Forum again delays annual meeting in Singapore
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

Eviction Moratoria Save Lives: the Evidence
(DBN)

Do malls have any business getting into retail?
(DBN)

CBL says 'stakes couldn't be higher' in lender fight over future in bankruptcy
(DBN)

Knotel creditor questions lender-backed bankruptcy sale process
(DBN)

National Delinquency Rate on First Lien Mortgages Since 2000
(DBN)

MBA: Mortgage Applications Increase in Latest Weekly Survey
(DBN)

Showdown over real estate fees
(DBN)

Trump’s Banker at Deutsche Bank Was Ousted for an Undisclosed Kushner Real Estate Deal
(DBN)

The Down Side to Life in a Supertall Tower: Leaks, Creaks, Breaks
(DBN)

Office Glut Comes to Texas With Oil Bust Leaving Towers Empty
(DBN)

Trump’s 40 Wall St. Revenue Slides as Pandemic Hurts Offices
(DBN)

U.S. mortgage funds see highest inflows in a year in January
(DBN)

Trapped in Another Housing Bubble
(DBN)

____________

Municipalities:

Puerto Rico Presents $10.7 Billion Budget Proposal for 2022 Puerto Rico’s governor unveils budget priorities amid crisis
(DBN)

Puerto Rico pushes for statehood amid debt crisis: 'We will fight for it until we achieve it'
(DBN)

Record Muni-Bond Sales Surge Fueled by Borrowing for Budget Gaps
(DBN)

New Year Brings No Respite to Muni Senior Living Sector Turmoil
(DBN)

____________

Oil/Gas:

Energy ETFs rally as oil price hits more-than one-year high
(DBN)

Vallourec Reaches Financial Restructuring Deal with Creditors
(DBN)

Chesapeake Energy cuts 15% of workers as it emerges from bankruptcy
(DBN)

Oil major Shell reports sharp drop in full-year profit, raises dividend
(DBN)

Total CEO: Going Green is Going to Cost Us
(DBN)

____________

Politics:

No Biden family members will have a role in government or foreign policy, President Biden says
(DBN)

Divided House GOP faces decisions on Reps. Greene, Cheney With party's future on the line, U.S. Republicans battle over Marjorie Taylor Greene U.S. House Speaker Pelosi says Republican leader refusing to reprimand Representative Greene House Republicans vote to keep Liz Cheney in leadership Republican civil war intensifies as Kevin McCarthy refuses to punish Marjorie Taylor Greene for her QAnon conspiracies but urges colleagues to let Liz Cheney keep her leadership and move past her vote to impeach Trump More Republicans sign up for tit-for-tat move to remove Ilhan Omar from House committees in revenge for Democratic move on Marjorie Taylor Greene Marjorie Taylor Greene presents ‘a serious problem for the GOP,’ Republican strategist says Inside the GOP's fight for "the direction of our party" Poll: Republicans favor Greene over Cheney
(DBN)

The QAnon Delusion Has Not Loosened Its Grip
(DBN)

House to vote Thursday to drop Greene from all committees Greene lashes out over attempts to remove her from committees What Rep. Marjorie Taylor Greene has said about election fraud, QAnon and other conspiracy theories Marjorie Taylor Greene was the moderator of a Facebook group that expressed support for executing Democrats and Trump opponents
(DBN)

Omar slams GOP 'whitewashing,' false equivalency with Greene
(DBN)

Rep. Lauren Boebert’s mileage reimbursement “raises red flags,” ethics experts say
(DBN)

GOP warns Biden nominees on hold until after impeachment
(DBN)

Both Parties Envision a Short Senate Impeachment Trial for Trump
(DBN)

Republican Support for Trump 2024 Plummets By a Whopping 20 Points Since December
(DBN)

Members of Reddit's 'QAnon Casualties' Support Group Talk 'Losing' Family
(DBN)

Schumer, McConnell reach deal on Senate organizing resolution Democrats to take Senate panel gavels after Schumer, McConnell reach deal Chuck Schumer's hell
(DBN)

Newsom approval plummeting with a third of voters support recall amid COVID-19 criticism, poll finds
(DBN)

____________

Cannabis:

Cannabis and Bankruptcy: 2020 in Review
(DBN)

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History:

Grant - not Lincoln or Roosevelt - may hold the key to Biden's success
(DBN)

____________

Festivals:

RodeoHouston 2021 now canceled after previously rescheduling due to COVID-19
(DBN)

____________

Religion:

Sitting on billions, Catholic dioceses amassed taxpayer aid
(DBN)

Abuse victims push back on Buffalo Diocese's request to hire more lawyers
(DBN)

German Nuns Sold Orphaned Children to Sexual Predators: Report
(DBN)

____________

Sports:

Tokyo Olympics chief says women talk too much at meetings, calls it 'annoying'
(DBN)

Over 500 Australian Open tennis players and staff isolate after COVID case
(DBN)

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Agribusiness:

Tyson Feud With Bankrupt Farm Leaves 54,000 Hungry Cows at Risk Bankruptcy Judge Lets Tyson Feed 54,000 Cows Amid Ranch Feud
(DBN)

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Nursing Homes:

Cuomo Dealt Another Blow on N.Y. Nursing-Home Death Controversy
(DBN)

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Tech:

Apple to Invest $3.6Bn into Kia
(DBN)

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Cruise Lines:

Florida ports call CDC requirements to restart cruising ‘onerous.’ Recovery will be slow
(DBN)

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New Bankruptcy Opinions
(6 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (32 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (6 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:

US corporate bankruptcy count rises in January as pandemic rages on
(DBN)

Bankruptcy filings continue their record lows in New Hampshire
(DBN)

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UCC:

Drawing Property Lines: Personal Property Versus Real Property Under UCC Article 9
(DBN)

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Tax:

Update on Corporate Bankruptcy Tax Refund Litigation
(DBN)

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Bankruptcy Reform:

New covid-19 relief legislation amends Bankruptcy Code
(DBN)

Sen. Baldwin, Colleagues Introduce Medical Bankruptcy Bill Amid Raging Pandemic
(DBN)

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Committees:

Marble Ridge Capital Founder Pleads Guilty to Fraud in N.Y.
(DBN)

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Bankruptcy Research:

Implementing an Efficient Insolvency Framework for Micro and Small Firms
(DBN)

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Prepacks:

Pre-packaged bankruptcy trend may accelerate in 2021
(DBN)

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D&O:

If the Shoe Fits . . . . Defendants in Nine West D&O Litigation Fail to Convince Judge to Dismiss Claims for Breach of Fiduciary Duty and Recovery of Fraudulent Transfers
(DBN)

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Corporate Governance:

16th Annual Review of Key Delaware Corporate and Commercial Decisions
(DBN)

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Aviation:

Air travel’s 2021 rebound threatened by virus flares, IATA says
(DBN)

Seoul court starts rehabilitation proceedings for Eastar Jet
(DBN)

‘Angry and frustrated’
(DBN)

South African Airways may exit administration this month
(DBN)

Crude oil at one-year highs is just one problem for airlines, money manager says
(DBN)

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Advisors:

McKinsey fires investment bank researchers after policy breaches
(DBN)

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Retailing:

Belk’s been Charlotte-based for decades. Here’s why it will file bankruptcy in Texas.
(DBN)

Amazon’s $1 Billion in Daily Sales Highlights Market Dominance
(DBN)

GameStop Rebounds After New Hires Spark Turnaround Optimism GameStop’s stupefying stock rise doesn’t hide its reality
(DBN)

Some retailers won the holidays with lean inventories. Now comes the hard part.
(DBN)

New York hedge fund founder pleads guilty to Neiman Marcus fraud
(DBN)

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Student Debt:

Student Debt Relief Is Back on the Table
(DBN)

Warren, Pressley push Biden to cancel student loan debt
(DBN)

The government can help people pay off student loans and be fair about it. Here's how.
(DBN)

It’s time to cancel student debt
(DBN)

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Fraud:

Borrower Beware: First False Claims Act PPP Loan Fraud Settlement Signals More to Come
(DBN)

January 2021 Ponzi Scheme Roundup
(DBN)

Greek Gang Foiled After $14.4 Million Fraud Attack on U.S. Banks
(DBN)

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Autos:

GM to Temporarily Shut Three Plants as Chip Shortage Pinches Chip crunch to impact global auto production into third quarter, says IHS
(DBN)

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Education:

CDC head: Vaccinating teachers 'not a prerequisite' for safe school reopening
(DBN)

San Francisco Sues Education Board, District Over Reopening
(DBN)

Virginia's largest school systems vow to reopen classrooms for all by March
(DBN)

Where Are U.S. Teachers Ineligible to Be Vaccinated?
(DBN)

____________

Food/Beverage:

New Jersey Boosts Indoor Dining Capacity to 35% From 25%
(DBN)

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Coal:

Bankruptcy Court ruling against Consol a victory for former Murray Energy miners, retirees
(DBN)

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Climate:

The Empire State Building and its related buildings are now powered by wind
(DBN)

EPA Pick Regan Vows Collaboration as GOP Warns of Lost Jobs
(DBN)

Taking a Private Jet for Environmental Award
(DBN)

____________

UK:

Insolvency figures mask dire reality for UK business
(DBN)

Unscrupulous advertisers and firms after thousands of pounds in fees are pushing Britons into debt solutions they can't afford, regulators warn
(DBN)

U.K. Says 10 Million People Have Received Coronavirus Vaccine U.K.'s Rapid Covid-19 Vaccination Campaign Shows Early Signs of Success
(DBN)

Bank of England Curbs Banker Hopes of Quick EU Market Access
(DBN)

England Virus Tracing Undercut by 20,000 a Day Not Isolating
(DBN)

EU rebuffs UK demand to soften N.Ireland Brexit trade terms
(DBN)

Scottish parliament rejects call for Trump wealth order
(DBN)

Brexit is Probably the United Kingdom's Death Knell
(DBN)

____________

EU:

Eurozone Recession Risk Grows as Pandemic Chills Services
(DBN)

Riskiest Borrowers Are Racing To Markets
(DBN)

Euro Optimism Losing Mojo as Strategists Make a Bearish Turn
(DBN)

____________

PIIGS:

Mario Draghi saved the euro. But can he now rescue Italy?
(DBN)

Spain Considers Debt Relief for Companies as Virus Pain Persists
(DBN)

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Canada:

Laurentian University may survive its financial challenges, insolvency trustee says
(DBN)

Sequoia Resources: Environmental obligations and the role of the trustee in bankruptcy
(DBN)

Proud Boys Get Terrorist Designation in Canada After U.S. Riot
(DBN)

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MENA:

Dubai rejects ‘superspreader’ label as restrictions tighten, countries lay blame
(DBN)

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China:

China will improve policies for smaller firms' bankruptcy - cabinet
(DBN)

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South Korea:

SsangYong says prepackaged insolvency will go ahead
(DBN)

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India:

Key Recommendations Of ILC Sub-Committee On Pre-packaged Insolvency Framework
(DBN)

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France:

Exki France seeks bankruptcy protection
(DBN)

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