Daily Bankruptcy News
January 6, 2021


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Law:

Baker McKenzie Is *Finally* Offering Associates Special Bonuses
(DBN)

Law Firm Mergers Fell 43% in 2020 on Virus Worries, Report Says After Down 2020, Analysts See 'Full-Bore' Appetite for Big Law Mergers in '21
(DBN)

Biglaw Firm Touts Its Success, But Doesn’t Praise Associates With Special Bonuses
(DBN)

Morrison & Foerster Elects New Bankruptcy Partner
(DBN)

 

Gravante Targets Former Boies Schiller Partners at Cadwalader
(DBN)

Armstrong Teasdale Opens in Delaware
(DBN)

Harvard Law Student, Son Of Congressman, Passes Away On New Year’s Eve Day
(DBN)

Foley & Lardner faces backlash after partner’s involvement in Trump’s Georgia call goes public
(DBN)

Trump Lawyer Cleta Mitchell Out at Law Firm After Georgia Call Attorney on Trump call with Georgia secretary of state resigns from law firm Cleta Mitchell Out At Foley & Lardner After Troubling Donald Trump Call Attorney Cleta Mitchell Resigns from Her Law Firm Just Days After Participating in Trump Phone Call with Georgia Secretary of State
(DBN)

Nelson Mullins, Redgrave Call Off Merger Due to Client Conflicts
(DBN)

A former classmate is spilling all the tea from Josh Hawley's law school days.
(DBN)

‘New And Improved Bar Exam’ Promises To Be Neither New Nor Improved
(DBN)

90% Of Suspected Cheaters On October Exam Are Cleared By California Bar; Applicants Under Review Can Register For February Exam
(DBN)

Reading The Fall 2021 Law School Admissions Tea Leaves: 10%-30% Applicant Increase, Higher LSAT-Flex Exam Scores
(DBN)

Law Schools With The Best And Worst Debt-To-Income Ratios Among Recent Graduates
(DBN)

The Contralorian: Your Contrarian Law Professor
(DBN)

Erika Jayne's Estranged Husband Tom Girardi's Financial Woes Worsen In Bankruptcy At First Bankruptcy Hearing, Embattled Attorney Tom Girardi Is a No-Show Lawyer accused of embezzling funds meant for 737 Max crash victims
(DBN)

By 'Written Order of the President,' Trump Installs U.S. Attorney to Replace One He Seemed to Slam in Raffensperger Call WTH Is Going On In The Georgia US Attorney’s Office?
(DBN)

Jerk Lawyer Who Threatened To Call ICE On Women Speaking Spanish Earns Censure
(DBN)

The 2021 Commuting Challenge
(DBN)

2 competing legal research companies announce merger
(DBN)

Study examines decline in civil and criminal jury trials and how to bring them back
(DBN)

The Definitive Legal Analysis on Whether Trump Committed Crimes During Phone Call with Georgia's Secretary of State
(DBN)

Federal Judge Rejects Trump’s Latest Attempt to Overturn Georgia’s Election Results in Suit Against Brad Raffensperger
(DBN)

Trump Lawyer Rudy Giuliani, in Bizarre Year-End Video, Says Americans 'Foolishly' Anointed Dr. Fauci the 'Greek' or 'Roman God of the Left Wing'
(DBN)

Detroit Asks Federal Judge to Refer Sidney Powell, Lin Wood and the 'Kraken' Team for Disbarment Sidney Powell Should Lose Michigan Law License, Detroit Argues
(DBN)

From Suing Fake Cows To The Medal Of Honor: The Devin Nunes Story
(DBN)

Attorney Loses Antitrust Appeal of Suspension Over Late Filing
(DBN)

Florida lawyer disbarred more than a year after her death
(DBN)

California police officer charged with falsifying report on arresting Black man
(DBN)

District Attorney Won’t Charge Police Officer in Blake Shooting After no charges were filed in police shooting of Jacob Blake, a newly released independent assessment claims use of force 'justified'
(DBN)

Protesters Back Out in Kenosha
(DBN)

Kenosha Shooter Kyle Rittenhouse Pleads Not Guilty to Murder and Other Charges; Defense Lawyer Complains About 'Ridiculous' Timeline
(DBN)

FBI investigating threat to fly planes in the US Capitol, CBS News reports
(DBN)

Julian Assange Denied Bail During U.S. Extradition Appeal
(DBN)

Iran asks Interpol to issue 'red notice' for arrest of President Trump
(DBN)

______________

Judges:

COVID-19 causes Federal Circuit to cancel arguments in Nintendo case
(DBN)

U.S. District Judge Dismantles Faux Victimization Of Religion
(DBN)

Roberts Taps First Woman to Lead Courts’ Administrative Arm
(DBN)

Magistrate Judges Took Bribes, Stole Money
(DBN)

Texas Judge Who Took Bribes for Bail Bonds Has Conviction Upheld
(DBN)

Gross Takes Swipe at Judge in Memo After Harassment Trial Loss
(DBN)

______________

Wall Street:

Dow futures rise, Nasdaq falls as traders await Georgia election results
(DBN)

GMO’s Jeremy Grantham warns: The stock market is in a 'fully-fledged epic bubble'
(DBN)

______________

Layoffs:

Michelin to Cut 2,300 Jobs in France in Shift to New Materials
(DBN)

San Antonio refinery to lay off entire workforce - but hope for employees remains
(DBN)

M Resort lays off 159 workers
(DBN)

Colleges Have Shed 550,000 Employees Since The Pandemic Began
(DBN)

______________

Banking:

Banks Blast U.S. Rule That Would Force Lending to Oil, Gun Firms
(DBN)

Trump Administration Is Sued by States Over Lending Rule
(DBN)

____________

Sports:

Browns Coach Kevin Stefanski, four others test positive for coronavirus ahead of playoff game
(DBN)

____________

Healthcare:

New York hospitals continue to sue patients over unpaid medical bills
(DBN)

Bay Area ICU availability plummets to 5.9%
(DBN)

4 Numbers That Make the Pandemic’s Massive Death Toll Sink In
(DBN)

The latest COVID numbers: 4th highest number of cases in a single day
(DBN)

L.A. County first responders told not to bring patients to hospital if survival chances are low
(DBN)

'Human disaster' unfolding in LA will get worse, experts say
(DBN)

‘We are not coping’: Paramedics warn of deaths as hundreds of emergencies wait hours for help
(DBN)

Los Angeles is running out of oxygen for patients as covid hospitalizations hit record highs nationwide
(DBN)

Georgia is experiencing its “worst surge” of Covid-19 ahead of the Senate runoffs
(DBN)

'They're coming in younger and coming in sicker': One hospital's war with coronavirus
(DBN)

Covid Spike in U.S. South Dwarfs All Earlier Regional Hot Spots
(DBN)

Virus infections hit record in D.C. region as vaccine distribution moves forward
(DBN)

66% of Americans fear they won’t be able to afford health care this year
(DBN)

Wealthy donors receive vaccines through Florida nursing home
(DBN)

The contagious UK coronavirus variant has probably been circulating in the US for many weeks: 'It's very likely it's in every state'
(DBN)

World's Dramatic Race Against Changing Virus
(DBN)

More new Covid strains likely to arrive in U.S., epidemiologist says
(DBN)

New York hospitals could be fined $100,000 and lose access to future COVID-19 vaccine doses if they don't use up their supplies within a week, Cuomo says
(DBN)

N.Y. Seeking More Vaccine Supply Ahead of Distribution Increase
(DBN)

Fauci: US could soon give 1 million vaccinations a day
(DBN)

Delay in Vaccinations Prolonging Virus in US
(DBN)

What people might not be allowed to do if they don’t get vaccinated
(DBN)

Pandemic haunts new year as virus growth outpaces vaccines
(DBN)

Micromanagement Is Plaguing the Vaccine Rollout
(DBN)

Messing Around With Vaccine Doses Is a Gamble
(DBN)

U.S. Officials Resort to Party-Invite Sites for Vaccine Rollout
(DBN)

Why some Florida counties are using Eventbrite to schedule vaccine appointments
(DBN)

‘Still waiting for my turn’: Primary care doctors are being left behind in the vaccine rollout
(DBN)

Nebraska governor says citizens, legal residents will get vaccine priority over undocumented immigrants
(DBN)

How the ultra-wealthy could try to cut in line for the Covid-19 vaccine
(DBN)

‘Long Covid’ study finds many patients unable to return to work six months later
(DBN)

Dozens test positive for COVID-19 after Boston Christmas services
(DBN)

GOP Rep. Kevin Brady tests positive for COVID-19
(DBN)

WHO leader "disappointed" after China delays approval of COVID origin investigation
(DBN)

____________


Economy:

US factories grew in December at fastest pace since mid-2018
(DBN)

Fate of $2,000 stimulus checks could be determined by Georgia Senate race
(DBN)

McConnell's efforts to block $2,000 stimulus checks hurt the party in Georgia, and may have cost them the Senate
(DBN)

Most Second Stimulus Payments Reach Household Bank Accounts
(DBN)

Kevin O’Leary on stimulus: Unemployed Americans should get ‘$2,000 per month’
(DBN)

These states are already paying out the new $300 unemployment boost
(DBN)

Unemployment fraud cost the U.S. $36 billion. New protections may hurt workers
(DBN)

World Economy Faces Debt Doom Loop, More Inequity Post Pandemic
(DBN)

Covid pandemic could bring ‘a lost decade’ of economic growth, World Bank says
(DBN)

Global Economic Outlook Dims on Virus’s Surge Ahead of Vaccines
(DBN)

Hedge Funds Turning Doubtful on Staying Power of Recovery Trade
(DBN)

IMF’s top economist expects a global recovery in the second half of the year
(DBN)

Amazon surpasses Boeing as Washington state's biggest employer
(DBN)

Frustrated Small Business Owners in SF Take to City Hall, Demand City Take Action
(DBN)

SBA extends COVID-19 economic injury disaster loan application deadline
(DBN)

Snowflake CEO: Covid showed old approach to working at the office is ‘nonsense’
(DBN)

Solomon Sees Vaccine Bringing Goldman Staff Back by End of Year
(DBN)

Dollar Slumps as U.S. Inflation Expectations Rise and Oil Surges
(DBN)

White American Wealth Hits Record High on Pandemic Stocks Surge
(DBN)

Divorces and Marriages Tumbled in U.S. During Covid, Study Shows
(DBN)

COVID-19 hospitalizations trigger new restrictions in Houston region Harris County region enters 7th day of COVID-19 hospitalizations, triggering rollbacks
(DBN)

Tom Barrack’s Colony Capital to Relocate to Florida From California Low Taxes and High Temperatures Lure Finance Firms to Miami
(DBN)

Five metro areas with highest 2020 move outs located in NY, NJ: study Many Americans left New York and New Jersey during the COVID-19 pandemic. Here's where they went.
(DBN)

How Every Asset Class, Currency, and S&P 500 Sector Performed in 2020
(DBN)

The coronavirus intensified a hunger crisis last year, but 2021 could be worse
(DBN)

Ultra-Billionaires Gave Little to Charity in '20
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

Manhattan Office Vacancies Soar to a Record With Leasing Frozen
(DBN)

MBA Survey: "Share of Mortgage Loans in Forbearance Remains Flat at 5.53%"
(DBN)

CoreLogic: House Prices up 8.2% Year-over-year in November
(DBN)

Mall of America is no longer delinquent on $1.4 billion mortgage
(DBN)

Parent company of Capital City Mall emerges from bankruptcy
(DBN)

Frenzied Palm Beach Home Market Has Buyers Bidding Sight Unseen
(DBN)

Coronavirus pandemic keeping San Francisco apartments empty, rents low
(DBN)

Construction Spending Since 1993
(DBN)

____________

Municipalities:

The 51st State: Puerto Rico’s statehood depends on which political party will control the U.S. Senate
(DBN)

____________

Oil/Gas:

Saudi Arabia’s Double-Edged Gift for U.S. Shale
(DBN)

Shale Will Need More Than $50 Oil and Saudi Cut to Boom Again
(DBN)

Saudi Arabia’s Surprise Supply Cut Ripples Through Oil Markets
(DBN)

Goldman Sees Surprise Saudi Cut as Signal Oil Demand to Weaken
(DBN)

U.S. Oil Executives Cautiously Optimistic About 2021
(DBN)

____________

Transit:

New York’s MTA Poised for Fare Hike Debate Amid Ridership Drop
(DBN)

____________

Politics:

Ossoff and Warnock win Georgia runoffs, handing Democrats control of the US Senate Warnock projected to defeat Loeffler in Georgia, moving Democrats closer to control of Senate Democrat Warnock Wins as Senate Hinges on Second Georgia Runoff Democrats flip the Senate in a devastating blow to Trump and Republicans Control of the U.S. Senate goes down to the wire in Georgia runoff races With Black and Jewish Candidates in Deep South, Dems Projected to Win Georgia and Take Senate–Putting Biden’s ‘FDR-Sized’ Promise to the Test Counting Continues in Georgia Senate Races: Election Update Democrats' Senate bid hangs in balance after first Georgia win 5 Winners and 2 Losers from Georgia Election
(DBN)

Senate runoffs in Georgia will shape what Biden can achieve The enormous stakes for Georgia’s two Senate runoff elections, explained
(DBN)

USPS delays could hit Georgia military, overseas ballots
(DBN)

Sen. Tim Scott will vote to certify Biden’s Electoral College win
(DBN)

Cornyn Won't Join the Uprising in the Senate Trump Labels John Cornyn a RINO
(DBN)

George Will: Cruz and Cohorts are Constitution's Most Dangerous Enemies
(DBN)

Final Act in Trump’s Defeat Pits Republicans Against Republicans
(DBN)

Trump supporters heckle Romney, chanting 'traitor' on a flight to D.C.
(DBN)

GOP pollster: ‘Next 48 hours are going to be among the worst’ for Republicans Why anyone could win Georgia’s runoff elections, according to the polls
(DBN)

Koch network encourages Congress to certify election for Biden as some allies challenge results
(DBN)

Trump supporters protesting the election begin demonstrating in D.C. Pro-Trump forums erupt with violent threats ahead of Wednesday's rally
(DBN)

Trump to Address Protesters as Congress Votes on Election Result
(DBN)

Congress Has Too Much Power Over Presidential Elections
(DBN)

A military plane used by Trump is due to land in Scotland the day before Biden's inauguration, a report says Scottish leader tells Trump to stay away amid reports that he may go to his golf course on Inauguration Day
(DBN)

D.C. Police to contact GOP Rep. Boebert about plans to bring Glock to work
(DBN)

Police rely on video, statement to news media in arrest of Proud Boys leader accused of burning Black Lives Matter banner Proud Boys leader released from jail; Ordered to leave DC and stay away
(DBN)

BLM Hating 'Patriot' Arrested in Bomb Hoax
(DBN)

'I screamed in my car': A Georgia election official debunks Trump's 'ridiculous claims' from the president's leaked phone call with Secretary of State Brad Raffensperger
(DBN)

Sen. Josh Hawley says 'Antifa scumbags' terrorized his family's Virginia home. Protesters say they held a peaceful vigil Police: Protesters outside Sen. Hawley's home were peaceful
(DBN)

Trump accidentally refers to Kelly Loeffler as ‘Karen’ and says he ‘LOVES’ QAnon Rep Marjorie Taylor Greene at rally
(DBN)

Biden during Georgia rally blasts Trump's 'whining and complaining'
(DBN)

Trump says he hopes Mike Pence 'comes through' to certify him as the 2020 election winner instead of Biden - but the vice president has no power to do that Trump Sets Mike Pence Up as Fall Guy by Falsely Saying VP Has Power to Unilaterally Reverse Election Outcome Pence expected to preside over Congress's Electoral College count Trump attorney Jay Sekulow refutes claims of Pence authority over electors Trump election fight puts Pence in no-win situation Pence aide pushes back on Navarro claim that VP could delay election certification Trump is repaying Pence's 4 years of unflinching loyalty by making him a scapegoat for his election loss Pence reportedly told Trump over lunch that he didn't have the power to block Congress' certification of the election
(DBN)

Trump allies scrambling for strategy to overturn Biden win
(DBN)

Electoral College fight splits GOP as opposition grows to election challenge
(DBN)

‘Trumpism in a State Legislature’: Pa. GOP Removes Lt. Governor from Presiding While Refusing to Seat Democratic Senator-Elect During Shouty, Chaotic Vote Pa. governor calls GOP refusal to seat Democrat a 'shameful power grab'
(DBN)

Judge denies Trump bid to invalidate Georgia election result
(DBN)

George W. Bush to Attend Biden’s Inauguration in Signal of Unity
(DBN)

____________

Food/Beverage:

Judge Skeptical Diner Can Use Ch. 11 Stay To Fight Mask Rule
(DBN)

____________

Climate:

Environmental Debt Risk Is Bigger Than Japan’s GDP
(DBN)

____________

Fitness:

N.Y. Sports Clubs Owners Seek $2 Million Amid Gym Cash Crunch
(DBN)

____________

Education:

NYC Schools Can Remain Open After City Coronavirus Rate Hits 9%
(DBN)

Boston-area high school switches to online learning after teens attend NYE party
(DBN)

University of Alabama students living on campus required to get tested for coronavirus
(DBN)

COVID-19 Dashboard Rankings Of 349 Colleges
(DBN)

____________

 


New Bankruptcy Opinions
(3 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (15 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (4 new filings today)
(DBN)

Bankruptcy Code (html) - Bankruptcy Code (pdf) Prior BK Codes (pick year from list) - Bankruptcy Rules
(large downloads)

UCLA-LoPucki Bankruptcy Research Database
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Bankruptcy Jobs:

(1) (2) (3) (4) (5) (6) (7) (8)
(DBN)

Seminars - (Contact us to list your seminar)

______________

Bankruptcy Statistics:

Pandemic Spurs Most Bankruptcy Filings Since 2009 US corporate bankruptcies end 2020 at 10-year high amid COVID-19 pandemic
(DBN)

Commercial Chapter 11 Filings Rose 29% Last Year, While Personal Bankruptcies Dived
(WSJ)

Most Bankruptcies Since Great Recession
(DBN)

Bankruptcy Filings Hit 35-Year Low Thanks to Government Pandemic Aid 2020 Bankruptcy Filings Lowest in 35 years
(DBN)

______________

Small Business:

Small Business Reorganization Act: Implementation and Trends
(DBN)

____________

UST:

In re Buffets: A Fees-t for the United States Trustee
(DBN)

____________

Finance:

PPP loans return with a lot of unanswered questions
(DBN)

____________

Bondholders:

New York Court of Appeals Splits From Second Circuit on Minority Bondholders’ Rights in Out of Court Restructurings
(DBN)

____________

Mediation:

There are Problems Mediation Can’t Solve (Ripa v. Perfetti)
(DBN)

____________

Bankruptcy Policy:

Bargaining Bankrupt: A Relational Theory of Contract in Bankruptcy
(DBN)

____________

Advisers:

FTI Consulting Promotes 18 Professionals to Senior Managing Director
(DBN)

____________

Aviation:

U.S. airlines push to slash international travel restrictions, implement universal testing
(DBN)

Airlines Begin Scrapping U.K. Flights Following New Lockdown
(DBN)

American Airlines is grounding emotional-support animals
(DBN)

Only one U.S. airline cracked the list of the 10 safest carriers in 2021
(DBN)

Why the decline of business travel matters
(DBN)

____________

Autos:

GM’s U.S. sales rose 4.8% in the fourth quarter in an otherwise dismal year
(DBN)

Auto sales expected to hit near-decade low
(DBN)

The Pandemic Sank Auto Sales. Vaccines Could Bring Buyers Back.
(DBN)

New York Car Ownership Jumps 40%
(DBN)

____________

Hotels:

Santa Cruz Hotel Owner Could Face Bankruptcy: Report
(DBN)


____________

Retailing:

Macy’s is shuttering 45 more locations this year, as part of its 3-year store closure plan
(DBN)

Macy's replaces chief merchant after 2 years
(DBN)

Tuesday Morning exits bankruptcy J.P. Morgan, Wells Fargo, BofA Close $110MM ABL for Tuesday Morning in Chapter 11 Restructure
(DBN)

How Many Sears And Kmarts Will Be Left By 2021’s End?
(DBN)

____________

Sovereigns:

More countries may be in 'deep debt distress' this year: WB
(DBN)

____________

UK:

Commercial landlords call for insolvency rules overhaul amid 'abuse' of CVAs
(DBN)

UK lawyers count the cost of Brexit deal for legal services
(DBN)

Buckingham Palace worker jailed for stealing photo album of Trump's U.K. visit
(DBN)

One Person in 50 in England Now Has Covid, U.K. Government Says
(DBN)

Swamped Hospitals Expose Depth of Britain’s Unfolding Crisis
(DBN)

Lockdown 3.0 Could See U.K. GDP Contract 4.5% in the First Quarter
(DBN)

Bleak start to new year for Britain as it enters third lockdown
(DBN)

Sunak Told $6.2 Billion Isn’t Enough to Aid U.K. Lockdown Firms
(DBN)

U.K. Businesses Enter New Lockdown With Dwindling Cashflows
(DBN)

What financial support is available for UK businesses in 2021?
(DBN)

Johnson Launches Charm Offensive to Sell Brexit Deal to Business Brexit Deal: The 9 Lies of Boris Johnson
(DBN)

U.K. CEOs Earn More in Days Than Hourly Workers Paid All Year
(DBN)

____________

EU:

European Stocks Drop as Rising Virus Cases Prompt Tighter Curbs
(DBN)

Europe Is Botching the Vaccine Rollout
(DBN)

What School Closures Mean for Europe’s Labor Force
(DBN)

Europe’s Fledgling Recovery Is at Risk as Pandemic Worsens
(DBN)

Lockdowns Give Europe $615 Billion Cash Pile to Aid Recovery
(DBN)

____________

Canada:

A Win for Landlords: Letters of Credit and the Autonomy Principle
(DBN)

Winnipeg businesses running on empty, considering bankruptcy despite provincial programs
(DBN)

Sluggish Vaccine Pace Risks Rethink of Canada Recovery Forecasts
(DBN)

____________

Sweden:

Swedes Slam PM After He Ignores His Own Covid Guidelines
(DBN)

____________

MENA:

Israel to enter third national lockdown despite successful Covid vaccine launch Israel to Tighten Lockdown as Coronavirus Cases Soar
(DBN)

Hezbollah’s Al-Qard Al-Hassan on Verge of Bankruptcy, Depositors’ Money at Risk
(DBN)

____________

France:

French Restaurants Face Reopening Delay as Covid Battle Rages On
(DBN)

In one week, France vaccinated barely 500 people. Why so many are saying 'non'
(DBN)

____________

Germany:

Germany Tightens Curbs as Tensions Mount Over Vaccine Strategy
(DBN)

Merkel Convenes Crisis Meeting With Vaccine Rollout Under Fire
(DBN)

____________

South Korea:

Bankrupt Ssangyong still has to pay PHP 13 billion loan
(DBN)

____________

Denmark:

Danes Get 20-Year 0% Mortgages
(DBN)

____________

South Africa:

Covid variant found in South Africa is worrying experts: Here’s what we know South African Covid variant appears to ‘obviate’ antibody drugs, Dr. Scott Gottlieb says
(DBN)

South Africa Craft Brewers Fear for Survival in New Alcohol Ban
(DBN)

____________

Japan:

Emergency declaration will bankrupt businesses, harm workers: Japanese beer giant CEO
(DBN)

Japan Emergency May Last Months as Critics Say Steps Too Narrow
(DBN)

A Tokyo Emergency Will Be a Bad Omen for the World’s 2021
(DBN)

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