September 28, 2021

The Daily Bankruptcy News

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Law:

Yet Another Biglaw Firm Delays Its Reopening Without Announcing A New Return Date
(DBN)

Firms Dump October Office Return Plans Over Delta Variant Unease
(DBN)

Are virtual offices here to stay?
(DBN)

Some attorneys liked parts of their pandemic lifestyles so much, they’ve made some changes permanent
(DBN)

Amy Chua And Jed Rubenfeld List House For $1.08 Million
(DBN)

LeClairRyan founder blasts claims he helped tank law firm
(DBN)

Best Biglaw Advice: Get Out Now
(DBN)

The “Great Resignation” and its impact on the legal industry
(DBN)

From Defendant to Attorney: My journey to the other side of the justice system
(DBN)

Lawyer’s unfamiliarity with Facebook privacy settings in 2008 nets win in ethics case
(DBN)

Brown Rudnick sues construction company for $8 million over unpaid fees
(DBN)

Summer Associate Survey Reveals These MoFos Run A Great Summer Program
(DBN)

The Fall 2022 Law School Admissions Season Opens With A Bang: Applicants Are Up 15%
(DBN)

Biglaw's Best In White Collar
(DBN)

Federal Judge Says Multi-Million Dollar Murdaugh Insurance Policy Doesn't Cover Boat Crash That Killed Mallory Beach
(DBN)

Judge Sides with Teen Threatened by Sheriff Over COVID Social Media Post: 'The First Amendment Is Not a Game Setting for the Government to Toggle Off and On'
(DBN)

Lawyer Claims Kombucha Tea Responsible For Blowing Almost 4 Times Legal Limit In Drunk Driving Case
(DBN)

Online dispute resolution promises to increase access to justice, but challenges remain
(DBN)

Biden administration takes steps to "fortify" DACA Biden rule to shield ‘Dreamers’ seeks to bypass Congress Proposed rule is intended to preserve DACA program protecting some immigrants from deportation
(DBN)

Donald Trump could be charged with multiple crimes over his attempts to overturn his loss in Georgia, report says
(DBN)

After several lawyers withdraw from Trump’s cases, a lesser-known lawyer steps in
(DBN)

Member of January 6th committee says if subpoenaed Trump loyalists don't testify, committee prepared to involve DOJ 'There Is Going to Be Violence': Man Seen Smoking Joint Inside U.S. Capitol Allegedly Discussed 'Shipping Guns,' Called Jan. 6 the 'Boogaloo'
(DBN)

U.S. violent crime rate rose for first time in four years in 2020
(DBN)

Homicides up 30 percent in largest increase on record, FBI says
(DBN)

D.C. homicides fueled by rundown properties
(DBN)

Chris Wallace Grills Greg Abbott For Allowing 15,000 Rapes In Texas
(DBN)

Two disbarred lawyers sued a Texas doctor who performed an abortion. Flustered ‘pro-lifers’ are backpedaling Oscar Stilley, the convicted lawyer who sued a Texas abortion doctor, was disbarred over litigation conduct
(DBN)

The Messy Post-Roe Legal Future Awaiting America
(DBN)

Brian Laundrie's family called the police after Dog the Bounty Hunter showed up on their property Gabby Petito case: Florida cowboy says 'no surviving' swamp where police are searching for Brian Laundrie Search for Brian Laundrie scaled back
(DBN)

News anchor suspended over request to cover 'missing white woman syndrome'
(DBN)

Jurors resume deliberations in R. Kelly trial Singer R. Kelly found guilty of racketeering and sex trafficking R. Kelly Found Guilty of Using His Wealth and Power to Engage in Widespread Sexual Abuse Faces life in prison What we were not allowed to see at R. Kelly's trial
(DBN)

John Hinckley, who shot Reagan, wins unconditional release
(DBN)

A woman was fired after she was accused of telling a Black dog walker in Williamsburg to stay in his 'hood'
(DBN)

A Black Google employee said he was escorted off the campus by security because they didn't believe he worked there, report says
(DBN)

Anti-Mask Protest Turns Violent
(DBN)

Staten Island crowd defies vaccine mandate by storming mall food court, video shows
(DBN)

Prince Andrew to sell Swiss ski-resort chalet to settle $9M lawsuit
(DBN)

A gangster standing trial for murder was shot dead in a courtroom by 2 rivals disguised as lawyers, say police
(DBN)

L.A. County to dismiss nearly 60,000 marijuana-related convictions
(DBN)

Murder rate soared in 2020 amid gun stockpiling, pandemic pressures Overall crime dropped for the 18th consecutive year
(DBN)

Texas cops sue Tesla over 'autopilot' crash that allegedly injured 5 officers
(DBN)

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Judges:

Judge Harlin D. Hale to Receive the 2021 American Inns of Court Bankruptcy Inn Alliance Distinguished Service Award
(DBN)

Judge R. Guy Cole Jr. to Receive the 2021 American Inns of Court Professionalism Award for the Sixth Circuit
(DBN)

Federal Judge Up And Leaves Courtroom Mid-Hearing
(DBN)

Anita Hill still waits for change, 30 years after testimony
(DBN)

9th Circuit tosses judge’s order requiring LA to house homeless people in Skid Row
(DBN)

How has practicing in the Supreme Court changed throughout the years?
(DBN)

As more courts use facility dogs, some defense lawyers object
(DBN)

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Wall Street:

Nasdaq futures drop by 1.5% as surging bond yields cause investors to flee tech stocks
(DBN)

Junior bankers at this NYC firm are now Wall Street's highest paid, making $200,000
(DBN)

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Pharma:

SDNY Bankruptcy Court OKs Purdue Pharma’s Plan of Reorganization Featuring Third-Party Releases for Sacklers in Exchange for Contributing $4.325 Billion to Opioid Victim Settlement Fund
(DBN)

The Purdue Pharma Deal Would Deliver Billions, But Individual Payouts Will Be Small
(DBN)

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Space:

Outer Space: The New Frontier for Restructuring and Insolvency
(DBN)

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Retailing

Michael Burry says he was subpoenaed by the SEC as GameStop saga drags on
(DBN)

Amazon Stock Down as Morgan Stanley Cuts Price Target
(DBN)

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Satellites:

Intelsat, equity holders square off over bankruptcy examiner request
(DBN)

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Crypto:

China's crypto throwdown
(DBN)

What’s common among cryptocurrencies?
(DBN)

____________

Student Debt:

Student loans should be easier to discharge in bankruptcy, ABA argues
(DBN)

Meet a single dad with $550,000 in student loans for his 5 children: 'I'm just not going to take the chance on not sending my kids to school'
(DBN)

How one woman shed $350,000 in student loans — without a lawyer
(DBN)

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Retailing:

New store opening announcements are up 58% from 2020: Coresight
(DBN)

Costco is renting 3 container ships and 'several thousand containers' to shield itself from supply chain delays and rising costs
(DBN)

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Mass Torts:

U.S. Units of Trane Reach Proposed $545 Million Settlement in Bankruptcy
(WSJ)

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Climate:

Brainard: U.S. "behind" on building climate risk into financial supervision
(DBN)

Study: Today's children will experience 36 times more heat waves than grandparents
(DBN)

This week is crunch time for Biden's climate agenda
(DBN)

The Dixie fire threatened to pass 1 million acres, then was stopped in its tracks. Here's how
(DBN)

Laurene Powell Jobs' $3.5 billion climate campaign
(DBN)

One of the most damaging blazes is believed to have been started by a woman who reportedly tried to boil water in hopes of removing bear urine
(DBN)

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Politics

Gen. Milley: Whisperer to presidents, target of intrigue
(DBN)

FactCheck: “Democrats are responsible for the massive spending and debt growth, they alone need to take responsibility for raising the debt limit.”
(DBN)

A FedEx driver said he wouldn't deliver to homes with signs showing support for Joe Biden, Kamala Harris, or BLM A FedEx driver claimed he would not deliver to homes with BLM flags. Now he's out of a job
(DBN)

As daughter sought state license, Noem summoned agency head
(DBN)

Youngkin clarifies he would have certified 2020 election
(DBN)

New Alabama monument honors slaves subjected to experiments
(DBN)

California to adopt all-mail voting
(DBN)

Brazen attacks on voting rights define America
(DBN)

Trump administration mulled kidnapping, assassinating Julian Assange: report
(DBN)

Navarro rips 'dimwit' Trump Jr. on 'The View' for COVID-19 and obesity tweet
(DBN)

____________


Economy:

Pandemic concerns change economic growth forecast
(DBN)

Seven High Frequency Indicators for the Economy
(DBN)

Janet Yellen and Jerome Powell warn that the Delta variant is slowing the recovery.
(DBN)

Fed officials say they see a pullback in stimulus even with inflation cooling
(DBN)

Billionaires' income taxes are a tiny fraction of what they make, White House says. Here's their average tax rate
(DBN)

The Great Gatsby curve and a glimpse of America's dystopian future
(DBN)

Strong U.S. business spending on equipment seen underpinning GDP growth in Q3
(DBN)

Fed's Powell: Reopening economic bottlenecks could be "more enduring"
(DBN)

Suddenly the Fed Thinks Inflation May Stay
(DBN)

Powell Says Jobs Still Short of Goal as Supply Woes Raise Prices
(DBN)

Fed officials: Bond taper still hinges on continued job growth
(DBN)

Fed's Evans sees taper close, expects rate hike in 2023 Fed's Williams predicts the high rate of inflation this year will cool to 2% in 2022 Fed's Brainard says spike in inflation this year is 'transitory' Chicago Fed's Evans says he's more worried about too little inflation than too much The Federal Reserve’s new approach to inflation
(DBN)

Fed's highest priority is to get people back to work: Kashkari
(DBN)

NY Fed's Williams says tapering of asset purchases may soon be warranted
(DBN)

Ready to taper or waiting for more data? Recent Fed officials' comments
(DBN)

Boston Fed President Rosengren abruptly announces retirement Boston Fed's Rosengren, citing worsening of kidney condition, to retire Sept. 30 The Fed president who faced calls to resign for controversial stock-trading during the pandemic is stepping down, citing health issues Two Fed officials who came under fire for trading securities in 2020 will leave Dallas Fed President Kaplan to retire early on Oct. 8, citing trading disclosure ‘distraction’ Kaplan Steps Down as Dallas Fed Chief, Hours After Rosengren
(DBN)

Why the US government could shut down this week and what would happen
(DBN)

What happens if the U.S. defaults on its debt?
(DBN)

Explaining the U.S. Debt Limit and Why It Became a Bargaining Tool
(DBN)

Republicans trying to push Democrats to use budget reconciliation process to address debt limit: Expert Democrats Are Holding America Hostage, and Trying to Blame the GOP Biden administration cagey on reconciliation member meetings How Joe Biden could end the debt ceiling — all by himself Republicans set to block bill to avert shutdown, lift debt ceiling GOP Senators Object To Suspending The Debt Limit, Leaving The Government At The Edge Of A Shutdown
(DBN)

Here's what's in the bipartisan infrastructure bill that the House aims to pass — and how it's paid for
(DBN)

56 percent in new poll support bipartisan infrastructure bill
(DBN)

1 in 3 women are considering leaving the workforce or changing jobs—here’s why
(DBN)

The real stakes of Apple’s battle over remote work
(DBN)

Union: Dozens of Massachusetts troopers resign over vaccine mandate
(DBN)

Hospitals fear staffing shortages as vaccine deadlines loom
(DBN)

Court sets hearing for Wednesday on New York City schools vaccine mandate NYC Fights to Enforce Mandate With 10% of Teachers Unvaccinated
(DBN)

Biden, Congress face big week for agenda, government funding Biden, Pelosi Pressure Democrats Ahead of Showdown on Agenda
(DBN)

Biden's reengineer-America moment Moment of truth for U.S. Congress on government funding, debt, Biden agenda Biden acknowledges economic agenda may not pass this week
(DBN)

Tech companies keep asking employees to take pay cuts to work remotely, but workers are rejecting the idea they should be paid differently based on where they live
(DBN)

Is Going to the Office a Broken Way of Working?
(DBN)

Dozens of cargo ships stuck waiting off New York's coast amid port staff shortages and surging demand for goods
(DBN)

West Coast Ports Need More Federal Funds, Los Angeles Chief Says
(DBN)

The risks of an uneven economic recovery in an unequal world
(DBN)

Mapping America’s diversity with the 2020 census
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

Mortgage Rates Increasing
(DBN)

Freddie Mac: Mortgage Serious Delinquency Rate decreased in August
(DBN)

MBA Survey: "Share of Mortgage Loans in Forbearance Decreases to 2.96%"
(DBN)

Buying a Home in the U.S. Will Take an Extra Year of Saving Up
(DBN)

Foreclosures Are Rising -- But Just How Much?
(DBN)

The Housing Market Forecast for the Rest of 2021, According To Realtors
(DBN)

Housing Inventory Sept 27th Update: Inventory Down Slightly Week-over-week, Up 41% from Low in early April
(DBN)

'Sea-level rise won't affect my house' – even flood maps don't sway Florida coastal residents
(DBN)

Affordable housing vacancy drops, and rents are climbing
(DBN)

Whittaker-Bermite owners report $286M price tag
(DBN)

____________

Municipalities:

This State Has the Worst Pension Fund Crisis
(DBN)

Puerto Rico Lawmakers Present Debt-Restructuring Bill
(DBN)

Puerto Rico board announces concessions but Senate president wants more
(DBN)

Puerto Rico Board Agrees to Pension Changes If New Bonds Granted
(DBN)

Puerto Rico GDP Increased 0.3% in 2019, BEA Report Finds
(DBN)

____________

Oil/Gas:

Oil prices at a nearly 3-year high as natural-gas futures jump 11%
(DBN)

The Energy Crisis Is Sending Oil, Gas, And Coal Prices Soaring
(DBN)

Famed Gas Trader Arnold Says Europe Crisis Is Warning for U.S.
(DBN)

Electric Car Interest Soars as Britons Confront Fuel Shortage
(DBN)

Ford Building 4 Factories for EV Future Ford jolts auto industry with $11.4 billion investment in new electric vehicle, battery plants
(DBN)

____________

Utilities:

In fight over $2 billion winter storm bill, ERCOT says it just followed orders
(DBN)

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Trucking:

Costly Collisions: A small-town personal injury case sends a powerful message to the trucking industry
(DBN)

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Finance:

Credit Suisse Offered Deal From Key Greensill Debtor
(DBN)

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Education:

Biden plan seeks to expand education, from pre-K to college
(DBN)

Harvard Business School Moves MBA Classes Online As Covid Cases Surge
(DBN)

An NYU professor says fewer men going to college will lead to a 'mating crisis' with the US producing too many 'broke and alone' men
(DBN)

Principal vows to ‘immediately address’ student’s racist homecoming sign
(DBN)

How Colleges Are Policing Religious Exemptions To COVID-19 Vaccines
(DBN)

Just Before It Took Effect, A Judge Rules Arizona's Ban On School Mask Mandates Unconstitutional
(DBN)

____________

Healthcare:

CDC director says US hospitals are 'filled with unvaccinated people' and warns that some are running out of ventilators and beds
(DBN)

Alabama doctor: Americans 'who have not rolled up their sleeve' are still the biggest issue
(DBN)

Covid Cuts Two Years Off the Life Expectancy of U.S. Men
(DBN)

Fear of Delta, not rewards or mandates, is motivating Americans to get shots, a survey found.
(DBN)

New York hospitals face staff shortages as vaccine mandate kicks in New York won't extend unemployment benefits to healthcare workers fired over COVID-19 vaccine mandate
(DBN)

Covid bolsters case for U.S. universal healthcare
(DBN)

Biden gets COVID-19 booster shot as additional doses roll out
(DBN)

CEO says Pfizer will submit data on COVID-19 vaccine trial in 5- to 11-year-olds within days, with U.S. daily death toll still above 2,000
(DBN)

A Michigan doctor said 6 out of 8 patients who questioned his medical advice on COVID-19 have died
(DBN)

New Study Finds A Huge Perk Of Getting Vaccinated After Having COVID-19
(DBN)

Pfizer CEO predicts 'we will able to come back to normal life' within a year even with new variants of the coronavirus
(DBN)

Former FDA Commissioner: Delta variant will likely run its course by Thanksgiving
(DBN)

A video shows a man of 75, struggling to breathe due to COVID-19, was coaxed to leave hospital by an anti-vaxxer. He died days later, say reports
(DBN)

The WHO is restarting its investigation into whether COVID-19 leaked from a Chinese lab, report says
(DBN)

Top CDC official steps aside as head of pandemic task force
(DBN)

Study Finds Lead in Blood of Half of U.S. Children Under Age 6
(DBN)

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New Bankruptcy Opinions
(6 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (10 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (3 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)

______________

Executory Contracts:

Courts in Puerto Rico Case Adopts Alternative Test to Find Settlement Agreements Were Executory
(DBN)

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Venue:

Dallas’ federal bankruptcy court wants to be more hospitable to bigger, complex cases
(DBN)

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Sanctions:

Ex-judges want en banc 2nd Circuit to review Chapter 13 sanctions ruling
(DBN)

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Bankruptcy Strategy:

Chapter 11: an increasingly popular tool for foreign companies seeking to restructure or liquidate
(DBN)

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Automatic Stay:

3rd Cir. Holds Bankruptcy Amendments Did Not Overrule ‘Willfulness’ Defense to Automatic Stay Violations
(DBN)

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Aviation:

United Air CEO Says 98.5% of U.S. Employees Have Been Vaccinated
(DBN)

Qatar Airways annual losses double on pandemic, impairments
(DBN)

Malaysia's AirAsia X reports record quarterly loss of US$5.9 billion
(DBN)

Baggage claim: Two men charged with stealing $550,000 from airlines in lost-luggage scam
(DBN)

I flew American Airlines to Europe for the first time during the pandemic and found it's back to normal with bad food, uncomfortable seats, and free alcohol
(DBN)

New U.S. travel rule excludes those vaccinated with Russia's Sputnik V
(DBN)

‘No impact on Jet’: Airline on reports of non-payment of gratuity, other arrears
(DBN)

PAL eyes additional support measures to stay afloat
(DBN)

SpiceJet's plan to split cargo unit runs into opposition from creditors
(DBN)

____________

Banking:

Wells Fargo reaches $37.3 mln settlement of US claims it overcharged clients
(DBN)

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Fraud:

U.S. pandemic fraud crackdown yields first case against bank employees
(DBN)

____________

Food/Beverage:

Judge closes K&W Cafeteria bankruptcy case
(DBN)

An NYC restaurant owner raised staff wages to $25 an hour. She's had no trouble recruiting - but still doesn't think she pays employees enough.
(DBN)

Restaurant owner begs public to help his business stay open after bookings dwindle, despite 5-star reviews
(DBN)

California burger joint bans customers under 18 from dining without parents, saying young people threw fries at staff and stuck candy to the ceiling
(DBN)

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Celebs:

'RHOBH' Star Erika Jayne Pleads For More Time To Prepare Defense In $25 Million Federal Lawsuit As Bankruptcy Investigation Heats Up

Britney Spears Says Father “Crossed Unfathomable Lines” After Invasive Surveillance Of Singer Reports; Feds Could Get Involved With Probe
(DBN)

Britney Spears’ Lawyer Slams Jamie Spears for Allegedly Bugging Her Home, Urges Court to Suspend Him Immediately
(DBN)

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Cruise Lines:

Parents File Lawsuit Alleging That Their 3-Year-Old Daughter Was Sexually Assaulted by Older Child on Disney Cruise While Daycare Staff Were Nearby
(DBN)

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Agribusiness:

Judge Denies Tyson’s Claim Against Easterday Sale
(DBN)

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Coal:

Coal Prices Are Booming But U.S. Miners Struggle to Boost Output
(DBN)

____________

Apparel:

Clothing Is About to Get More Expensive With Cotton Prices at 9-Year Highs
(DBN)

____________

Sovereigns:

Zambia's Chinese debt nearly twice official estimate, study finds
(DBN)

____________

UK

A weekend of panic buying has left many gas stations across the UK dry UK mulls calling in army to help ease gas shortages at pumps U.K. Puts Army Drivers on Standby to Tackle Widening Fuel Crisis How to Resolve Britain’s Fuel Shortage: What Can and Can’t Be Done U.K. Fuel Panic Deepens the Pain in Crisis-Prone Economy
(DBN)

EU lorry drivers will not help Britain ease its fuel crisis, union says
(DBN)

Brexit Britain Burns Bridges With EU Truckers It Now Wants Back
(DBN)

Brexit Panic-Buying Gas Freakout Has Europe Saying: We Told You So
(DBN)

The UK’s petrol crisis is just a taste of a more jittery, uncertain future
(DBN)

Energy companies begin absorbing customers from bankrupt competitors Seven million households receive energy from companies that face collapse due to gas crisis
(DBN)

British warehouse worker shortage triggers up to 30% pay spike
(DBN)

UK energy supplier Utility Warehouse eyes bigger customer base as firms fail
(DBN)

BoE's Bailey sees growing case for interest rate rise
(DBN)

____________

Singapore:

Singapore is seeing record Covid cases. Here’s why it may not be a bad thing
(DBN)

____________

Italy:

Most Telecom Italia staff to work from home until end of year - document
(DBN)

____________

China:

Bankruptcy in the Time of COVID-19: Special Measures Adopted by the People's Republic of China Courts During the Period of COVID-19 Prevention and Control
(DBN)

PBOC promises to protect consumers as China Evergrande teeters Funds exposed to China Evergrande stocks and bonds China Evergrande says stadium construction proceeding as planned Markets Betting Against an Evergrande 'Lehman Moment' Creditors Said to Claim Evergrande on Hook for Bond Due Sunday Evergrande’s Wealth Wipeout: Hui Ka Yan’s Journey From Asia’s Richest Person To The Brink Of Collapse
(DBN)

Citi cuts China 2022 GDP forecast to 4.9% on Evergrande spillover
(DBN)

China power crunch spreads, shutting factories and dimming growth outlook
(DBN)

____________

Vietnam:

Vietnam COVID-19 epicentre may have 40% more unrecorded cases - report
(DBN)

____________

MENA:

State Department: Roughly 100 US citizens, legal residents ready to leave Kabul Inside the Afghanistan airlift: Split-second decisions, relentless chaos drove historic military mission New Taliban Chancellor Bars Women From Kabul University
(DBN)

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Brazil:

Brazil Families Face Record Indebtedness as Interest Rates Rise
(DBN)

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Hong Kong:

How Do Hong Kong Courts Determine Whether Or Not To Sanction A Scheme Of Arrangement To Restructure Foreign Debt?
(DBN)

____________

India:

Insolvency resolution: IBBI to oversee complaints against CoC
(DBN)

Rights of Secured Creditors under Indian Insolvency Law
(DBN)

Arbitration Awards as 'Debt' for Initiating Corporate Insolvency Proceedings in India
(DBN)

Treatment of Disputed Claims in Corporate Insolvency: Evolving Jurisprudence
(DBN)

Insolvency in Real Estate: A Difficult Balancing Act
(DBN)

Fallacy in Extending Section 29A of IBC to Liquidation
(DBN)

____________

Japan:

Japan To Lift All Coronavirus Emergency Steps Nationwide
(DBN)

____________

South Korea:

Bankruptcies soar by over 10pct as pandemic takes toll
(DBN)

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