February 5, 2021

The Daily Bankruptcy News

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Law:

Thanks to the COVID-19 pandemic, law firms are starting to embrace virtual offices—but will it last?
(DBN)

Minding The Gap: The Pandemic’s Impact On Women In The Workforce
(DBN)

Associate Compensation Scorecard: Biglaw’s 2020 Bonus Bonanza
(DBN)

In-House Leaders Reveal Legal Fee Negotiation Tactics
(DBN)

Some Black Partners Aren't Waiting for the GC to Call
(DBN)

Pennsylvania DA is charged with sexually assaulting clients before his election
(DBN)

2021 Legal Rebels: Meet 10 legal professionals who are courting change
(DBN)

Gay associates told walking together 'not a good look'
(DBN)

Several stories of colleagues behaving badly
(DBN)

If you can give good directions, you can probably write a good brief
(DBN)

How close can you be to opposing counsel without it being a conflict of interest?
(DBN)

Here's what we know about how the Proud Boys allegedly sourced funds for Capitol riots FBI Cited InfoWars While Charging Proud Boys Leader in Capitol Siege. Here’s What ‘Rufio Panman’ Told Alex Jones. The hideous entitlement of these two charged in Capitol riot The woman involved in the Capitol riot has not been granted permission to vacation in Mexico (yet) Faces five new criminal charges for Capitol riot Capitol Police are shell-shocked and angry Federal prosecutors top 180 Capitol riot cases A Kentucky deputy is probed after Trump's D.C. rally. The case is dividing his town Family tips off FBI to Capitol rioter who smashed windows where Ashli Babbitt was shot How It Started, How It’s Going: ‘QAnon Shaman’ Stares into the Camera in First Public Photo Behind Bars ‘QAnon Shaman’ Gets Shipped to a New Jail That’s Willing to Serve Him an Organic Diet
(DBN)

Judge Denies Taxpayer-Funded Defense Attorney for QAnon Adherent Accused of Threatening to Kill Nancy Pelosi
(DBN)

The Boogaloo Bois Have Guns, Criminal Records and Military Training. Now They Want to Overthrow the Government.
(DBN)

National Guard’s Post-Riot Deployment Cost at Least $480 Million
(DBN)

‘Gymnastics Enthusiast’ in DOJ’s Office of Legal Counsel Came Up with a Way to Block Biden from Reading 'Restricted' Trump Admin Archives
(DBN)

Trump’s Lawyers Slam Impeachment ‘Hatred’ as Democrats File Case House impeachment manager asks Trump to testify for his Senate trial, a request he may decline Legal analyst: This move would be a terrible look for Trump Trump will not testify under oath at his impeachment trial: NBC News Trump rejects call to testify at his impeachment trial 'A red herring': Expert disputes Trump's impeachment defense Trump Legal Team Prepares to Put Waters, Pelosi, Schumer 'On Trial' I’ve practiced law for decades. When I read Trump’s impeachment defense, I couldn’t stop laughing
(DBN)

The Constitutionality of Trying a Former President Impeached While In Office
(DBN)

'Farcical' to not hold Senate impeachment trial for Trump: Biden
(DBN)

Fox News sued by Smartmatic for $2.7 billion over rigged election claims Smartmatic sues Fox News, Giuliani over election-rigging claims Smartmatic Files $2.7 Billion Suit Against Fox News, Rudy Giuliani, Maria Bartiromo, Lou Dobbs, Jeanine Pirro and Sidney Powell
(DBN)

Dominion's lawyers demand Facebook, YouTube, Twitter, and Parler preserve posts by Trump and other far-right figures, ahead of threatened defamation lawsuits
(DBN)

Rudy Giuliani Fumes on Air About ‘Insulting’ Disclaimer Added to His Radio Show
(DBN)

What does a lawyer look like?
(DBN)

New York Versus the World: Letitia James Is Picking Big Fights
(DBN)

Chris Christie Tells Legalweek All About How Much He Loves Trump Despite Giving Him COVID
(DBN)

Poll: Most Americans support a path to citizenship for undocumented immigrants
(DBN)

Biden says he will seek to raise refugee cap to 125,000
(DBN)

Inmates, Citing 'Dangerous Conditions,' Sue Gov. Cuomo to Get COVID-19 Vaccine Access That Jail Employees Are Getting
(DBN)

Former Attorney General Sessions needs to answer questions on family separation, says DOJ watchdog DOJ Watchdog Ripped Jeff Sessions for Stonewalling and ‘Deficient Understanding’ of the Law During Congressional Hearing on Child Separation Policy
(DBN)

U.S. releasing hundreds of Central American families from increasingly busy custody
(DBN)

How will the ‘Anthony Fauci effect’ influence jurors?
(DBN)

Florida Man, 22, Leaves No Doubt That He Is A Florida Man™
(DBN)

Police in Connecticut investigate video showing officer punch man three times in head
(DBN)

Kenosha Police: Kyle's Attorney is Lying
(DBN)

Compensation fund for Epstein victims pauses payouts due to lack of cash
(DBN)

Former Indiana Prosecutor Suspended After Beating Girlfriend
(DBN)

Sexual Misconduct Allegations Prompt Another Alaska Attorney General to Resign
(DBN)

Dramatic video shows snow shoveling dispute that escalated to murder-suicide
(DBN)

A district attorney sexually assaulted abuse victims on his office desk, authorities said. Then he allegedly pressured them to lie about it.
(DBN)

Israeli Jewish Antifa hacks KKK website, doxxes members
(DBN)

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Judges:

BK SD NY: Judge David S. Jones Appointed U.S. Attorney Announces Appointment Of Civil Division Deputy Chief David S. Jones To Serve As Bankruptcy Judge In Manhattan Assistant US Attorney To Join Manhattan Bankruptcy Bench
(DBN)

Inmate given clemency by Trump had backing of former judge who sentenced him to life
(DBN)

Virtual Court Hearing Quickly Devolves Into Cavalcade Of Dick Pics, Obscenities, General ‘Circus’ Atmosphere
(DBN)

Judges differ on when it's safe to hold in-person jury trials
(DBN)

Courts attempt to balance innovation with access in remote proceedings
(DBN)

Houston judge Lynn Hughes is pulled off another case as 5th Circuit revives prof's discrimination claim 'The Most Intemperate Judge': This Federal Jurist Is Raising Eyebrows
(DBN)

Top judge rocks incredible judicial face mask
(DBN)

U.S. judge in Flynn case retires, leaving key court vacancy for Biden to fill Now That Joe Biden Is President, Judge Emmet Sullivan Has Decided to Open Up a Judicial Vacancy
(DBN)

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Wall Street:

Stock futures rise as major averages try to finish best week since November
(DBN)

S&P 500, Nasdaq head toward records as jobless claims hit lowest since November S&P 500, Nasdaq hit record closing highs amid upbeat earnings, data
(DBN)

GameStop’s fall continues, down 25% today and 80% on the week A Hedge Fund Bet In Favor Of GameStop And Made Away With $700M In Reddit-Fueled Rally GameStop stock-trading star Keith Gill - also known as Roaring Kitty - is reportedly under investigation as regulators look at his previous financial-advisement job GameStop may not have been the retail trader rebellion it was perceived to be
(DBN)

Fed’s Mester doesn’t see policy changes coming from GameStop saga
(DBN)

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Layoffs:

Ralph Lauren cutting 30% of North American workforce, shuttering stores around the world
(DBN)

Boeing to eliminate 600 jobs as it outsources IT work to Dell
(DBN)

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Politics:

Kevin McCarthy Claims QAnon Ignorance After Denouncing It Last Year Kevin McCarthy’s remarkable flip-flop from “there’s no place for QAnon” to “I don’t even know what it is”
(DBN)

80% of Texas GOP Believe Baseless Election Fraud Claims
(DBN)

Republicans are fighting for the 'soul' of the party as they reckon with Trump's remaining influence and the rising profile of Marjorie Taylor Greene
(DBN)

The Marjorie Taylor Greene committee removal vote, explained House Kicks Greene Off Committee Assignments Greene Walks Back Some Pro-QAnon Remarks Before House Sanctions Greene regrets 'words of the past,' without specific apology Pelosi rebukes GOP leaders ahead of vote to remove Greene from committees More Video of Marjorie Greene Emerges
(DBN)

Sean Hannity blasts Majorie Taylor Greene over her QAnon claims and says 'not a single conservative I know shares those conspiratorial beliefs'
(DBN)

Matt Gaetz and the Trump wing just took a gut punch on Liz Cheney
(DBN)

Pelosi unconcerned over potential GOP retaliation
(DBN)

Stolen election? Republican lawmakers paralyzed by Trump's false fraud claims Graphic: The Republicans who voted to overturn the election
(DBN)

The GameStop Chaos Is Coming for Politics, Too
(DBN)

Biden Urged to End the Korean War
(DBN)

Senate approves budget bill as Harris casts tie-breaker vote
(DBN)

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Climate:

“We risk a yellow vest movement”: Why the US clean energy transition must be equitable
(DBN)

One year since Australia's devastating wildfires, anger grows at climate change 'inaction'
(DBN)

U.S. cities are sharply undercounting their emissions
(DBN)

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Autos:

Ford forced to cut profitable F-150 pickup truck production due to semiconductor chip shortage
(DBN)

Ford Lost $1.3 Billion in 2020
(DBN)

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Student Debt:

Democrats ramp up pressure on Biden to cancel up to $50,000 of student debt Here’s who would benefit from Democrats plan to forgive $50,000 in student debt Democrats Pressure Biden to Cancel $50,000 of Student Debt Per Borrower
(DBN)

Here’s how student loans may affect your ability to buy a home
(DBN)

White House is 'extremely open' to student loan debt cancellation, Schumer says
(DBN)

White House signals willingness to consider executive action on student debt cancellation
(DBN)

Chuck Schumer picks his first fight with Joe Biden: Dems pressure president to cancel student debt
(DBN)

____________


Economy:

U.S. factory orders rise for eighth straight month in December
(DBN)

Fed: Gauging the recovery in retail sales at bars and restaurants
(DBN)

As Pandemic Continues, More in U.S. and Europe Feel Major Impact on Their Lives
(DBN)

The U.S. likely added jobs in January, but here's why an increase could be misleading
(DBN)

Weekly Initial Unemployment Claims decreased to 779,000 New applications for unemployment benefits fall to nine-week low of 779,000, jobless claims show
(DBN)

Millions of Americans who were unemployed last year face another shock: A 2020 tax bill they can't afford
(DBN)

January Employment Preview
(DBN)

Are you better off now than you were a year ago? Only 35% of Americans say yes
(DBN)

New data show few Americans have borrowed from retirement during pandemic
(DBN)

AP-NORC Poll: Americans open to Biden’s approach to crises
(DBN)

Life On Minimum Wage: Why The Federal Debate Continues
(DBN)

Senate Votes Against Minimum Wage Hike
(DBN)

Stuck in DC, Biden team pitches rest of US on big virus aid Yellen warns of ‘tough months’ ahead, urges congress to act Democrats are moving to propose a new $1,400 stimulus-check plan that cuts the number of people eligible for relief Biden says caving on $1,400 checks would break a promise Biden aide Deese draws on Obama-era rescues for stimulus fight Democrats take new step to fast-tracking Covid relief as Senate 'vote-a-rama' begins Welcome to vote-a-rama, the day the Senate stops making speeches and just votes Most voters want a big stimulus - and they want it fast Unemployment Benefits Expire Next Month—Can Democrats Pass Relief by Then? A macroeconomic analysis of a Senate Republican COVID relief package Krugman: The Republican Economic Plan Is an Insult
(DBN)

Moderate Democrats Want Vaccine Package Before Biden Stimulus
(DBN)

Buttigieg: Talks ongoing on additional transportation sector assistance
(DBN)

US economy faces 'tough months ahead' before staging a strong recovery, Treasury Secretary Yellen says
(DBN)

Romney to propose annual cash benefit of $3,000 per child Mitt Romney’s big new plan to slash child poverty, explained Mitt Romney unveils plan to provide $3,000 per child, giving bipartisan support to President Biden's effort Mitt's Family Security Act Calls for $350 a Month Per Child
(DBN)

Democrats unveil a plan to provide every American child with a $1,000 savings account that can be accessed at age 18
(DBN)

Inflation expectations are highest since 2013
(DBN)

Business restrictions in Mass. easing due to positive COVID-19 trends
(DBN)

Off-road, off-grid: the modern nomads wandering America's back country
(DBN)

Financial stress is pushing more Americans to move as pandemic rages on
(DBN)

More Americans Say Finances Reason for Moving Than Covid Fears
(DBN)

Baby boomers face financial distress and age discrimination
(DBN)

U.S. PPP loans reach $72.7 billion in new round with big lenders
(DBN)

Biden to pursue 'a foreign policy for the middle class,' top aide says
(DBN)

U.S. court upholds Trump's national security tariffs on steel imports
(DBN)

How Do Negative Interest Rates Work?
(DBN)

A 4-day working week might be edging closer — here’s why
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Texas Bankruptcy Court Determines Bankruptcy Code does not Permit it to Delay Debtor Rent Obligations Beyond 60-Day Statutory Period
(DBN)

Uncertainty surrounding economy holds mortgage rates in place
(DBN)

This is the most overvalued housing market in America. Spoiler: It's not in California.
(DBN)

Eviction Moratorium Updates for California Commercial and Residential Landlords
(DBN)

Mortgage Debt: Home Debt Stats by Income Bracket, Age, and Percentile
(DBN)

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Municipalities:

Court Plunges Into Puerto Rico Defaults That Put Bond Market on Edge
(DBN)

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Oil/Gas:

Oil prices rise to 1-year high
(DBN)

Despite Years of Red Ink, Shale Companies Itching to Grow Again
(DBN)

Shell’s Profits Plunge 87% In 2020
(DBN)

Big Oil Earnings Show an Industry Still Living Beyond Its Means
(DBN)

Rallying Oil Prices Are A Headache For Airlines
(DBN)

____________

Cannabis:

Alternatives to Bankruptcy in the Cannabis Sector
(DBN)

____________

Healthcare:

Rich Investors Stripped Millions From a Hospital Chain and Want to Leave It Behind. A Tiny State Stands in Their Way.
(DBN)

World faces around 4,000 COVID-19 variants as Britain explores mixed vaccine shots
(DBN)

U.S. death toll tops 450,000 but hospitalizations decline for a 23rd straight day
(DBN)

New Covid strains may ‘escape the immune response,’ says Biden Covid advisor
(DBN)

The rich are gaming the system to get COVID-19 vaccines using hefty donations and cozy relationships with CEOs
(DBN)

J&J applies for emergency authorization, FDA expected to greenlight in coming weeks
(DBN)

US rushes to catch up in the race to detect mutant viruses
(DBN)

Doctors ask Biden administration to make and mail masks to homes
(DBN)

Florida grocery store owner and his absurd anti-mask logic
(DBN)

Grocery workers in Texas are more fatigued than ever as they await vaccine access
(DBN)

How is Alaska leading the nation in vaccinating residents? With boats, ferries, planes and snowmobiles.
(DBN)

The newest curse of covid-19 is vaccine envy
(DBN)

Global vaccine trust is on the rise, survey says
(DBN)

Just 0.06% Israelis sick after two shots, no one serious – study
(DBN)

Anti-vaccine rabbi dismissed by Jewish organization
(DBN)

As transportation agencies ramp up mask enforcement, Congress airs safety concerns
(DBN)

Ohio Senator Walks Out of Hearing As Dozens Attend Without Masks
(DBN)

Wisconsin Governor Evers Slaps Down Legislature's Repeal of Mask Mandate Wisconsin governor issues new mask mandate after state GOP kills previous order
(DBN)

After Hundreds of Meatpacking Workers Died From COVID-19, Congress Wants Answers
(DBN)

____________

Sports:

NFL says it has a plan for Super Bowl safety, but experts warn of Covid risks
(DBN)

Super Bowl Crowd Presents an Experiment in Covid Immunity
(DBN)

Tickets for this year's Super Bowl are more expensive than they've been in over a decade
(DBN)

____________

Hotels:

‘Illusive Wave of Distress’ Keeps Hotel Bargain-Hunters Waiting
(DBN)

Hotels: Occupancy Rate Declined 29.6% Year-over-year
(DBN)

Developers are buying hotels cheap and turning them into affordable housing
(DBN)

Deepak Khosa closes on distressed hotel on Singer Island, plans to convert to multifamily
(DBN)

____________

Mass Torts:

Plaintiffs Firms Flooded Boy Scout Bankruptcy With Unvetted, Potentially Fraudulent Civil Claims, Insurers Allege
(DBN)

____________

Cruise Lines:

Canada extends cruise ship ban through February 2022
(DBN)

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Corporate Reform:

Interim CFPB director spells out immediate priorities
(DBN)

____________

Telecoms:

State regulators approve Frontier Communications bankruptcy reorganization
(DBN)

Union: 'Stronger conditions' should have been placed on Frontier as utility emerges from bankruptcy
(DBN)

____________

Crypto:

How crypto forensics recovered $32 million worth of ‘lost’ bitcoin
(DBN)

____________

 


New Bankruptcy Opinions
(5 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (5 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (1 new filing 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:

January 2021 Bankruptcy Filings Continue Historic Slide
(DBN)

January bankruptcies down 44% versus a year ago - Epiq
(DBN)

Bankruptcy Filings Hit 15-Year Low
(DBN)

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Automatic Stay:

Supreme Court Holds That a Creditor’s “Mere Retention” of Bankruptcy Estate Property Does Not Violate One Automatic Stay Provision, Leaves a Number of Other Questions Unanswered
(DBN)

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Subchapter V:

A Subchapter V Plan Needs To Be A First Day Filing (In re Online King)
(DBN)

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Valuation:

The Potential Impact of COVID-19-Induced Volatility on Business Valuation in M&A and Bankruptcy Litigation
(DBN)

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Cross-Border:

Luckin Coffee Files For Chapter 15 Bankruptcy, Capping 'Fake Sales' Scandal China's Luckin Coffee seeks U.S. Chapter 15 bankruptcy protection Luckin Coffee’s Restructuring Efforts Move Forward with Commencement of its Chapter 15 Case in the United States
(DBN)

____________

Aviation:

Airlines, labor unions seek third round of federal aid as Covid strains industry
(DBN)

Norwegian creditors may challenge airline’s bid to end leases
(DBN)

Brace Yourself: Long-Haul Travel May Not Get Going Until 2023
(DBN)

Air Cargo Saw Record Decline in Demand in 2020
(DBN)

Lufthansa Sells $1.9 Billion Bond to Repay Covid Bailout Loan
(DBN)

____________

Pharma:

McKinsey Will Pay More Than Half a Billion Dollars, Resolving Claims of ‘Turbocharging’ Opioid Epidemic with ‘Cynical’ Marketing for Purdue Pharma
(DBN)

States Pressure Drug Makers After McKinsey's $600 Million Opioid Settlement
(DBN)

____________

Education:

4 steps to safely reopen schools and save our nation
(DBN)

Few Massachusetts Students Prefer Remote Learning
(DBN)

____________

Theme Parks:

Theme-Park Shares Rise on California Bill to Reopen Properties
(DBN)

____________

Electricity:

U.S. wind power installations surged to record in 2020
(DBN)

____________

Tech:

Fake accounts gain traction as they praise China, mock US
(DBN)

Trump is so frustrated by his Twitter ban that's he's writing out insults and asking aides to tweet them, report says
(DBN)

____________

Retailing:

Best Buy is quietly closing US stores across 4 states
(DBN)

Sears is closing 13 more stores, further shrinking its footprint
(DBN)

3 ways Jeff Bezos' tenure at Amazon helped and hurt American workers and consumers
(DBN)

Amazon Is Forcing Its Warehouse Workers Into Brutal ‘Megacycle’ Shifts
(DBN)

Holidays Sales Slumped, but Some Retailers Predict a Snapback
(DBN)

____________

Food/Beverage:

Restaurant Performance Index rose 1.1% in December
(DBN)

Hershey’s mint and gum sales have plummeted because of social distancing and masks during the pandemic
(DBN)

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Autos:

Apple reportedly plans to build autonomous cars in an American plant
(DBN)

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Fitness:

Bay Area gym stays open to defy COVID-19 guidelines, gets hit with $550,000 fine
(DBN)

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Fraud:

NY money manager charged in $1.8 billion Ponzi-like fraud
(DBN)

They Know What You Did Last Summer: DOJ Announces First Civil Settlement Involving PPP Borrower
(DBN)

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Hedge Funds:

Why EM Hedge Fund Greylock Filed for Bankruptcy
(DBN)

Distressed-Debt Hedge Funds Have Nowhere to Go
(DBN)

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Guns:

Fearing violence and political uncertainty, Americans are buying millions more firearms
(DBN)

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UK:

How Many Insolvencies Will 2021 Bring?
(DBN)

Bespoke Hotels defends decision to begin insolvency process at four properties owned by Fragrance Group
(DBN)

As COVID-19 vaccine doses reach 10 million, U.K. cautiously eyes encouraging pandemic numbers
(DBN)

American accused of killing British teen Harry Dunn was working for U.S. intelligence, lawyer testifies
(DBN)

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EU:

Trouble brewing in the eurozone
(DBN)

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Canada:

Laurentian files for bankruptcy after int’l enrollments falter
(DBN)

In wake of Laurentian's insolvency, Thunder Bay's Lakehead U. says it's 'financially sound'
(DBN)

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Russia:

Kremlin: Thousands of arrests at protests necessary response
(DBN)

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Belgium:

End to moratorium on bankruptcies
(DBN)

____________

Germany:

Germany Introduces Restructuring Procedure Outside Insolvency
(DBN)

Merkel Cautions of Easing Lockdown in ‘Last Stretch’ of Pandemic
(DBN)

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China:

What can we expect in China in 2021?
(DBN)

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Sweden:

Sweden plans for digital coronavirus "vaccine passport" by summer
(DBN)

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Singapore:

Simplified Insolvency Programme
(DBN)

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India:

Retail investor stake in 115 bankrupt companies nears Rs 1,000 cr
(DBN)

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Australia:

Small businesses, big changes: Australia’s new restructuring process
(DBN)

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France:

French PM says no need for new national lockdown for now
(DBN)

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