April 16, 2020

The Daily Bankruptcy News

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Law:

Executive And Partner Salaries Are On The Chopping Block At This Am Law 200 Firm
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Am Law 100 Firm Slashes Salaries But Hopes To Avoid Layoffs
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Equity Partners Told to Bear Brunt of Downturn, But It’s Tricky
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Am Law 200 Firm Is Laying Off Attorneys In Addition To Other Austerity Measures
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Newly Merged Megafirm Slashes Partner Pay To Be ‘Prudent’ During Pandemic
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'The Idea Is Not to Do This Twice': Mintz Leader on the Fight to Avoid Furloughs, Layoffs
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Coping With Post-Merger Pandemic, Faegre Drinker Trims Partner Pay, Proceeds With Integration
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Am Law 100 Firm Cuts Salaries, Offers Unpaid Leave, Cancels Summer Program With No Pay, No Guarantee Of Employment
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Yet Another Am Law 200 Firm Is Cutting Salaries Because This Madness Will Never End
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Some Law Firms Are Messing Up COVID-19 Austerity Rollouts
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Ravaged by Coronavirus Economy, Debt-Saddled Companies Turn to Kirkland
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Lost and Found: The Long Road Back for Lawyers Waylaid by the Recession
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The Late Prof. Harvey R. Miller, A Man for All Seasons: A Student’s Tribute
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UCLA Law School Calls For Tolerance, So Obviously Professor Blows That Up With Childish, Racist Tirade
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First Black Woman To Graduate From Harvard Law Dies From Coronavirus Complications
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Utah’s Supervised Diploma Privilege Proposal Is A Bad Idea
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Husband and wife lawyers found dead under ‘suspicious circumstances’ in Chicago area home Deaths of prominent husband-and-wife lawyers are under investigation
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Far-right US politicians label lockdowns anti-constitutional
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Florida attorney to sue county over coronavirus curfew
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Covid-19 checkpoints targeting out-of-state residents draw complaints and legal scrutiny
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Furious Crowd Gathers At Michigan Capitol To Protest 'Stay Home' Order Protesters block streets of Michigan capital in 'Operation Gridlock' A caravan of angry Michiganders exposes the complicated politics of the coronavirus shutdown
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Michigan Citizens Sue Democratic Governor for Violating Constitutional Rights During Pandemic
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Coronavirus Shutdown Lawsuits are Coming
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Covid-19 Opened a Pandora’s Box of Legal Problems, Stanford Says
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He threatened a Publix shooting because ‘not enough people’ are wearing masks, cops say
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Americans are giving up their freedoms to fight the coronavirus. We need to make sure the government gives them back.
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'Jarring, unwelcome, and dangerous': Some conservatives are outraged at Trump's claim that his 'authority is total'
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Trump says he will 'authorize' governors to reopen their states from coronavirus lockdowns, but they already have that authority
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Trump’s Coronavirus Claims Collapse When Met by Limits on Powers
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The Next President Needs More Pandemic-Fighting Powers
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Supreme Court Sets May 12 Argument on Trump Financial Records
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People Who Didn’t End Up on Roger Stone Jury Submitted Absurdly Blunt Takes on His Character
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Supreme Court avoids one abortion battle, but new lawsuits are being filed
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Police say 'commander' of Neo-Nazi group linked to planned attack on CNN was only 13 years old
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White supremacists are targeting Jewish groups on Zoom
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Germany Arrests 4 Islamic State Suspects Planning Attack on US Bases
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Congressional Democrats seek border wall halt during coronavirus
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Crackdown intensifies on those violating coronavirus stay-at-home rules
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Judge Forces Health Dept. to Provide Names of All COVID-19 Patients to Police
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Republican activist Candace Owens fumes after being ‘stopped by cops for not wearing a coronavirus mask in Wholefoods’
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Maryland's chief judge orders release of young offenders to reduce coronavirus risk
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Lawsuit Aims to Expose How Trump Admin Responded to Coronavirus Behind Closed Doors
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Florida jail frees inmate over COVID-19 concerns. Then he went and killed a man the next day, cops say
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Law Prof Blasts ‘Willie Horton’ Report on Man Who Allegedly Killed After COVID-19 Jail Release
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Public defender’s office provides Easter lunches to homeless people amid coronavirus crisis
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AG Barr Keeps 9/11 Documents from Families
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Judges:

District of Delaware - U.S. Bankruptcy Judgeship Vacancies
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Chapter 11 Debtors Mothball Proceedings to Wait Out COVID-19 Shutdowns
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Bankruptcy Courts Address Impact of COVID-19 Coronavirus With Unique Orders
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Federal Circuit Opinions Surge as Virus Worries Cancel Arguments
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Supreme Court Limits Paper Filings, Another Custom Altered
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Line-standing businesses save spots in the public line A paid line-stander explains why he waits for hours outside the Supreme Court
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Lawyers are dressing way too casual during Zoom court hearings, judge says
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Judge Disciplined for Facebook Posts That Congratulated Lawyers
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Just the Papers Please: DC Circuit Scraps More Oral Arguments During COVID-19
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Ohio Judge Reprimanded for Drunk Driving
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Wall Street:

Stock-index futures point higher ahead of jobless claims data
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European Stocks Slide Most in Three Weeks on Banking, Oil Gloom
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U.S. stocks plunge amid steep fall in bank earnings, retail sales
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Some Wall Street Bankers Are Doing Well From This Crisis
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Goldman’s profit tumbles 46%, but bank posts strongest bond-trading results in 5 years
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Why this screenshot of CNBC’s ‘Mad Money’ host Jim Cramer is ‘everything that is wrong with America’ Jim Cramer: ‘There’s a seething anger sweeping this country, and it’s directed point-blank at Wall Street’
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The Coronavirus Is Pushing Companies to Delay Quarterly Earnings
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Layoffs:

Layoffs hit retailers, car sales and manufacturers
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Junior’s Cheesecake owner says it’s an ‘honorable’ decision to not rehire workers but instead wait to use small business loans
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Best Buy to furlough about 51,000 employees
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Honda Extends U.S. Furloughs to Thousands of Salaried Employees
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Cinemark Lays Off And Furloughs Staff Amidst Plans Of July 1 Reopening
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Opendoor lays off 35% of its staff
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WWE Furloughs Staff to Cope With Blow From Canceled Events Karl Anderson And Luke Gallows Among Released WWE Superstars Amid Massive Layoffs WWE Announces Cutbacks To Staff, Continues To Put Members At Health Risk During Coronavirus Pandemic Mega-rich WWE – with £400m in bank – axed stars to save just £3m and maintain yearly profits in brutal cost-cutting
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Andreessen Horowitz-Backed Startup Carta to Cut 161 Jobs
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Trump’s National Doral Miami Golf Resort to Cut 560 Jobs
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Groupon Is Cutting Nearly 3,000 Jobs
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Politics:

Trump’s ‘I alone can fix it’ view and state powers collide
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Trump Fundraising Machine Slowed as Virus Spread, Filings Show
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Congress Fiddles While the Economy Burns Down
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Trump threatens to force Congress to adjourn to allow recess appointments
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Timeline: Coronavirus in America
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FactCheck: Trump was ‘ahead of the curve’ on China travel restrictions
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Medical intelligence sleuths tracked, warned of new virus
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Trump: Virus May Have Come from Wuhan Lab
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Worse Trump Does, The More They Love Him
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Stimulus checks to bear Trump's name in unprecedented move Trump denied wanting his name on relief checks. Here's how it happened.
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Trump Voters Aren't Staying In As Much As Everybody Else
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Elizabeth Warren endorses Joe Biden for president Elizabeth Warren endorses Biden, says she'd accept VP spot if he asked
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AOC holds back on Biden endorsement: ‘We’ll see’
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Hunter Biden Still Listed on Board of Chinese Firm, Despite Lawyer Saying He Had Resigned
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Obama convinced Bernie Sanders to drop out by arguing that he already succeeded in pushing Biden to the left, new report says
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Trump considered starting a daily, two-hour radio show, but scrapped the plan because he didn't want to compete with Rush Limbaugh, report says
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GOP congressman says he puts saving American 'way of life' above saving lives from the coronavirus
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GOP lawmaker whines that ‘hype about fatalities’ from COVID-19 is preventing economy from reopening
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As U.S. discouraged mask use for public, White House team raced to secure face coverings from Taiwan for senior staff
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Vacancies have hindered the Trump administration's response to the coronavirus
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Despite the risks, letting Americans vote by mail in November is good for democracy
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Americans clash over how to vote in the time of coronavirus
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Amy Klobuchar: Trump Votes by Mail. Why Can’t Everyone?
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As pandemic lingers, U.S. House looking ‘very closely’ at remote voting
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A Judge Just Ruled That All Texans Can Vote by Mail in Coronavirus Crisis
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Here's what we know about the bizarre coronavirus conspiracy theory that led vandals to set 50 cellphone masts alight
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People are criticizing disgraced politician Aaron Schock and a group of influencers for going to a resort in Mexico to quarantine together
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Fact-checking a Facebook conspiracy about Bill Gates, Dr. Fauci and COVID-19
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Retailing:

Coronavirus delivers record blow to US retail sales in March March’s record-breaking collapse in retail sales, explained
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‘Pretty Catastrophic’ Month for Retailers, and Now a Race to Survive
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‘Hideous’ April Menaces U.S. Retailers That Lost 98% of Traffic
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Retailers face another challenge during coronavirus: Handling returns
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J.C. Penney Skips Interest Payment, Mulls Strategic Alternatives J.C. Penney’s Turnaround Is No Match for Covid-19 JC Penney says it skipped a $12 million interest payment as coronavirus restrictions shutter stores J.C. Penney Skips Interest Payment, Mulls Its Alternatives JCPenney begs extension from lenders, stock plunges to pennies J. C. Penney Heads Towards Bankruptcy
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Here are the biggest industry winners and losers from the first post-coronavirus retail sales report — one that saw a record spending plunge
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Angry shoppers slam new rules preventing Walmart, Target, and Costco stores from selling 'nonessential' items such as toys and clothing in certain parts of the US
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Dramatic brawl over 'social distancing' breaks out in crowded supermarket
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Amazon may have to shut all warehouses in France after a court order that it can only ship essential items
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Stage Stores seeks concessions from vendors to avoid bankruptcy
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Hudson Yards owner says workers must return to offices before malls can reopen in post-coronavirus world
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For independent garden centers, the pandemic poses an existential threat
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New York City mayor says grocery stores should require customers to wear masks
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Almost No Grocery Store Workers Have Adequate Paid Sick Leave, New Survey Finds
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Coronavirus is making touch-free shopping a necessity
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Will the Coronavirus Finish What the Retail Apocalypse Started With Department Stores?
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Nursing Homes:

New York nursing homes try - and fail - to keep coronavirus out
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NJ: 17 Bodies Found in Nursing Home
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Feds under pressure to publicly track nursing home outbreaks
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Nearly Two Dozen Die From Coronavirus At Joliet Nursing Home
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Maryland's biggest coronavirus outbreak is at Baltimore nursing home
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Coronavirus Nursing Deaths Over 5,500
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Banking:

Chase's Q1 income took a big hit as it set aside profits to prepare for coronavirus-related losses
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Bank of America profits slump 45% as it braces for a surge in bad loans
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Bank of America Wants to Be the Good Guy in This Crisis
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Citi joins peers in preparing for pandemic stress
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Goldman lifts loan reserves as it braces for client pain
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Wall Street's biggest banks stashed away more than $19 billion to protect against virus-led loan defaults
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Wells Fargo, Citi Pause Overdraft Collections as Stimulus Payments Hit
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Corona Cash and Refund Anticipation Checks
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Tech:

New Apple tool shows how well your neighbors are staying inside
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Apple unveils a new, cheaper iPhone into a market vastly changed by coronavirus
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Personal Finance:

Why you should create an ‘essentials only’ budget before you actually need it
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Toilet paper dodgeball and theme dinners: How bored families are surviving the coronavirus lockdown
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Try these expert negotiation strategies for refunding or rescheduling your vacation
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The new normal is getting old fast
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‘I’m terrified of losing everything I’ve worked for.’ This woman found a new job, bought a car, and was furloughed due to coronavirus
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Mail:

The Postal Service needs a bailout. Congress is partly to blame.
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Death of the Postal Service Would Hurt Trump’s Base Most of All
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Fraud:

A bankrupt CEO accused of fraud is selling a massive $31 million collection of some of the most desirable cars in the world
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Americans have lost $13.4 million to fraud linked to the coronavirus
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Elizabeth Holmes’ criminal trial delayed due to coronavirus
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Agribusiness:

Farmers say they may have to kill and discard baby pigs as slaughterhouses close and the industry faces losing $5 billion
(DBN)

USDA Wants to Buy Milk, Meat to Shield Farms From Virus Logjams
(DBN)

US Farmers To Lose $20 Billion in 2020
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Sports:

Anthony Fauci Says Sports Can Return In Summer Without Fans: “Just Let Them Play”
(DBN)

Baseball, and all sports, should return when it's safe, not politically expedient
(DBN)

XFL Owes University of Houston, Roughnecks Coach June Jones Tons of Money Following Bankruptcy
(DBN)

Will Vince McMahon’s Bankrupt XFL Live To Fight Another Day?
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NFL has discussed playing in empty or half-full stadiums, as calls grow for sports' return
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New Zealand Rugby freezes NZ$25m in player wages
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Telecoms:

Years after $10B deal and 10K jobs ditched, Frontier bankrupt
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Frontier files for bankruptcy, says its broadband service won’t get any worse
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Zoos:

Zoo May Feed Animals to Animals as Funds Dry Up in Pandemic
(DBN)

With 70,000 animals in its care, Vancouver Aquarium fears bankruptcy due to COVID-19
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Television:

Average American Streams 8 Hours Of Content Per Day During Coronavirus Outbreak!
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Distressed Investing:

Fortress Targets $3 Billion for New Credit Opportunities Fund
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Howard Marks’s Oaktree Seeks $15 Billion for Biggest Distress Fund Ever
(DBN)

UBS’s Billionaire Clients Keen on Turnaround Opportunities
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Movie Theaters:

Cinemark Sees Movie Theaters Slowly Reopening in July
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Debt Collection:

Ohio Attorney General: Creditors Cannot Seize Stimulus Checks From Ohioans
(DBN)

Banks can snatch stimulus checks before landlords see a dime
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Creditors can snatch your coronavirus stimulus check if you have outstanding debts
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When Your Stimulus Check Can--And Can’t--Be Taken From You
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Massachusetts Attorney General Issues Guidance Clarifying the COVID-19 Emergency Debt Collection Regulations
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Coal:

Nothing is easy in the Murray Energy Corp. bankruptcy case
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Economy:

The economic data is even worse than Wall Street feared: ‘The economy is clearly in ruins here’ New US data shows vast scale of economic breakdown
(DBN)

The Fog Surrounding the Coronavirus Economy
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Evidence of virus' effect on US economy grows more ominous
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The End of Economic Growth
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Coronavirus: the economic recovery won’t only be U-shaped – it’ll look like a wheelbarrow
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The coronavirus chain reaction
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Fed Beige Book says economy contracted ‘sharply and abruptly’ due to coronavirus
(DBN)

Jobless claims might top 5 million for third straight week, push unemployment to 15%
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G20 countries have spent 3.5% of GDP to fight pandemic
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Prevent a bankruptcy domino effect
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It’s the End of the World Economy as We Know It
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American Jobs Collapse Worsens With Gig Workers Stuck in Limbo
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U.S. retail sales, factory output show deep hit in March, collapse in April
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New York to Begin Antibody Testing for Essential Workers Wheels are in motion for widespread coronavirus antibody testing in New York
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Senate Democrats unveil measure to ensure coronavirus testing is ‘fast, free and everywhere’
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America’s embarrassingly mediocre coronavirus testing, in 2 charts
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Fed’s Bostic Says U.S. Businesses Face Survival Crisis in May
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Nightmare scenario for economy is becoming less likely, award-winning forecaster says
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Anatomy of the coronavirus collapse
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Lack of Savings Worsens the Pain of Coronavirus Downturn
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Half of the world has asked the IMF for a bailout, chief says
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The IMF’s Chief Economist on Lessons From the ‘Great Lockdown’
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IMF Sees Asia Pacific Economic Growth at a Standstill in 2020
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60% of employers have reduced job openings in the last month
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U.S. has thrown more than $6 trillion at the coronavirus crisis. That number could grow.
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Foreign Holdings of U.S. Treasuries Hit Record High in February
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Factory shutdowns near WWII demobilization levels in US US factory output falls the most since 1946 as the coronavirus lockdown halts activity
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A measure of CFO optimism plummeted to Great Recession-era lows last quarter as the coronavirus pandemic froze the economy
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Republicans wary of Mnuchin’s coronavirus relief talks with Dems Schumer and Mnuchin Talk in First Signal of Break in Stalemate
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Banks brace for big loan defaults by US, global customers
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House Democrats introduce plan to pay Americans $2,000 a month until economy recovers from COVID-19
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The $1,200 stimulus checks are arriving, and people are mostly spending them on food Everything we know about the coronavirus stimulus checks that will pay many Americans up to $1,200 each 14 countries that are paying their workers during quarantine — and how they compare to America's $1,200 stimulus checks
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Dead people are getting stimulus checks, and their relatives have no clue what to do
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Why your coronavirus stimulus payment might be less than you expect
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The new IRS website for checking the status of your stimulus relief payment is struggling to keep up with demand and experiencing issues
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Gov. Newsom announces more benefits for unemployed Californians amid coronavirus pandemic
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This bakery owner can’t find a bank to give her a small-business loan
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Applying for small business loans has been tough. But not for these people
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BDCs Weigh U.S. Rescue They Want Yet May Not Be Able to Accept
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The Fed’s Main Street problem: Worries rise money won’t go where it’s needed
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Millionaires to reap 80% of benefit from tax change in US coronavirus stimulus
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Virus Rescue Fund Depleted, Leaving Small U.S. Firms Shut Out
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The Small Business Rescue is in Trouble
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Small businesses begin getting their rescue funds as program nears funding limit
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Some Rich Getting Huge Stimulus Checks
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Their emergency loan money was supposed to arrive in days. They’ve waited weeks
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The White House's committee to reopen America What Trump will tell governors about the coronavirus economic reopening Execs warn Trump: More coronavirus testing needed before US can return to work Trump’s call with Wall Street didn’t go as planned Executives paint push to reopen nation as haphazard Trump Hosts Calls on Reopening U.S., Drops Plan for Task Force Trump plans to unveil reopening guidelines as he says U.S. has passed peak of new coronavirus cases State Governors Look at May 1 Reopening Elon Musk, Jamie Dimon, and Vince McMahon: Here are 20 of the biggest names on Trump's list of advisors to reopen the US economy Trump’s Economic Recovery Council Is Made Up Mostly of Rich White Men and Donors Trump’s task force to reopen U.S. becomes a marathon of phone calls CDC, FEMA have created a plan to reopen America. Here's what it says. Three reasons consumers can't bring the economy back from covid-19 COVID-19 re-opening will come with dramatic, difficult changes Trump pushes hard for May 1 reopening of U.S. US Governors Grapple with Relaxing Virus Restrictions How a coronavirus blood test could help get people “back to work” New York moves to a ‘new normal’ as Gov. Cuomo outlines gradual reopening A preliminary Trump administration plan shows how far America is from reopening Governors confront political furor as they plot a cautious course for reopening Powerful GOP allies propel Trump effort to reopen economy
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Would you give up health or location data to return to work?
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There's only one person on the stimulus oversight panel policing the $2.2 trillion coronavirus relief fund — and he has no office or support staff Virus Oversight Panel’s Sole Member Asks Powell for Information
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Financial Assistance to US Business Enterprises, States and Municipalities
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Opening to Expand Charitable Giving Perk May Be Next Relief Bill
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Money Is Losing Its Meaning
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'Almost everybody I know is out of work': How the coronavirus has unleashed economic havoc in Michigan
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NY will streamline unemployment application after weeks of frustration
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Periods of social distancing might be necessary into 2022 to avoid overwhelming hospitals, Harvard researchers say
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Who lives in the places where coronavirus is hitting the hardest?
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El-Erian: Banks take steps to avoid being seen as making money off coronavirus
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SSI beneficiaries will get coronavirus stimulus payments automatically
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Workers are getting the short end of the stick from the Cares Act
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'We don't come out of this where we went in': Famed economist Mohamed El-Erian fears the global economy is stumbling into a new depression
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Governments face ‘massive’ rise in public debt, IMF warns Somber IMF Describes the Epic Bind Facing World Economy
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Abbott announces coronavirus antibody test, up to 20 million screenings in June
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Commerce locks up and retail sales plunge unprecedented 8.7%
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The pandemic is ravaging the world's poor, even if they're untouched by the virus
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Global institutions flail as need skyrockets
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Younger workers are hit hardest in the coronavirus job market, and it spells bad news for millennials and Gen Z
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New York City Exposes the Stark Disparity in How COVID-19 Affects Low-Income Communities
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The Rich Really Are Different. They Can Shelter In Nicer Places
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New Problem, Old Solution: Bring Back Tax-Exempt Advance Refundings
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Crunch Time for World’s Supply Chains to Deliver Masks and Meat
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Either Make More Babies or Embrace Foreign Workers
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US Debt Clock
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World Debt Clock
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How People Really Live
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Real Estate:

Homebuilder confidence index takes biggest monthly dive ever
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Missed Rent Payments Cascade Across the Real Estate Industry
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Fannie Mae: Home sales will decline by 15% in 2020 due to coronavirus, but what will happen to property prices?
(DBN)

Key Democrats Urge Mnuchin, Powell to Rescue Mortgage Servicers
(DBN)

Applying Security Deposits under Leases as Tenant Defaults Mount
(DBN)

Lockdowns and Corporate Debt Are Shaking Up Real Estate Profits
(DBN)

America’s housing market is showing the first signs of trouble from the coronavirus pandemic
(DBN)

Quicken Loans CEO explains how struggling homeowners can ‘skip the payment’
(DBN)

Coronavirus is clobbering the real estate industry. From a frenzy of flex-office layoffs to big deals falling apart, here's everything you need to know.
(DBN)

Peruvian family buys $27M in condos to stash cash during coronavirus crisis
(DBN)

Banks will soon be able to postpone some appraisals until 120 days after a mortgage closes
(DBN)

Big Atlanta apartment management company files Chapter 11
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Municipalities:

Judge Voids Puerto Rico Pension Law, Delays Effective Date Due to Coronavirus
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States Are in a Quandary as Taxes Evaporate and Virus Spending Soars
(DBN)

NYC May Lose 475,000 Jobs and $10 Billion in Taxes, Report Says
(DBN)

Puerto Rico cannot let cities off the hook for pension contributions – court
(DBN)

Missteps mar Puerto Rico's response to the coronavirus
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Detroit facing fresh fiscal woes with coronavirus closures
(DBN)

New York and New Jersey, Hit Hard by Virus, Among Least Prepared Fiscally
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Oil/Gas:

Uncertainty in the Pipeline: Energy Companies Navigate COVID-19
(DBN)

Yuma Energy, Inc. Files for Chapter 11 Protection Yuma Energy, Inc. Files for Chapter 11 Protection First Day Dec
(DBN)

One driller is still buying assets amid the oil rout
(DBN)

Oil's long and painful road back from the coronavirus disruption
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Coronavirus Has Wiped Out A Decade Of Oil Demand Growth
(DBN)

Unprecedented Fall in Demand Most to Blame for Oil Slump
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Big Banks Set To Seize Shale Oil Assets
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Oil in the age of coronavirus: a U.S. shale bust like no other
(DBN)

Oil Falls to 18-Year Low
(DBN)

Many Shale Companies Are Already On The Brink Of Bankruptcy
(DBN)

Texas Oil Drillers Can’t Agree On Output Cuts
(DBN)

Canadian banks ease credit rules for energy companies to stave off defaults, bankruptcies
(DBN)

Buyer looks to back out of Houston energy bankruptcy deal
(DBN)

U.S. Says Oil Tariffs Still on the Table Even After OPEC+ Deal
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U.S. Weighs Paying Drillers to Leave Oil in Ground Amid Glut
(DBN)

Crude Oil Below $20, Trump Needs To Save U.S. Shale Oil Industry
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Top LNG Buyer to Delay Shipments Through 2020 as Demand Hit
(DBN)

World Oil Demand Forecast to Suffer Biggest Drop Ever
(DBN)

The Real Oil Market Is Drowning and OPEC+ Deal Can’t Rescue It
(DBN)

No winners, only strange bedfellows, from the new OPEC+ deal
(DBN)

Idle Gas Pumps Drive Wholesale Fuel Prices to 12 Cents a Gallon
(DBN)

Texas Oil Regulator Poses The Fundamental Question: “How Do We Start?”
(DBN)

Chesapeake Energy’s stock suffers record plunge as reverse split confirms financial troubles
(DBN)

Judge Cancels Permit for Keystone XL
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Healthcare:

Louisville: 76-unit care center files for Chapter 11 bankruptcy
(DBN)

Covid-19 crisis could cost Pennsylvania hospitals $2 billion per month, health advocates warn
(DBN)

UnitedHealth won’t seek federal aid because of outbreak
(DBN)

Planned Parenthood of Greater New York closing centers, laying off staff
(DBN)

NYC struggles to get accurate coronavirus fatality count as people die at home
(DBN)

New York Gov. Andrew Cuomo orders all people to wear face coverings in public
(DBN)

Hospitals face a surge of cyberattacks during the novel coronavirus pandemic
(DBN)

The US is the hardest-hit country in the coronavirus pandemic — but its 4% death rate is far lower than that of many other countries
(DBN)

CDC: US should brace for second wave of coronavirus next year
(DBN)

CDC estimates more than 9,200 health care workers have been infected with covid-19
(DBN)

Why have deaths in New York soared above other states? NY has highest day of coronavirus deaths, but hospitalizations drop Cuomo: COVID-19 flattening, hospital needs may not be as severe 1-in-7 New Yorkers May Have Already Gotten Covid-19 Hard-Hit N.Y., N.J. Trail the Field as Feds Divvy Up Virus Grants
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Which deaths count toward the covid-19 death toll? It depends on the state.
(DBN)

Spike in In-Home Deaths
(DBN)

As Deaths Mount, Volunteer EMTs At New Jersey's Coronavirus Epicenter Labor On Facebook Twitter Flipboard Email
(DBN)

Smaller Hospitals In Chicago Can Have 2-Week Waits For COVID-19 Test Results
(DBN)

So much is unknown about the pandemic because the government keeps a lid on it
(DBN)

The coronavirus is particularly unkind to those who are obese
(DBN)

Nurses are wearing garbage bags as they battle coronavirus: ‘It’s like something out of the Twlight Zone’
(DBN)

4-year-old battling brain cancer unable to get treatment after testing positive for virus
(DBN)

South Dakota governor shuns stay-at-home order as virus cases rise
(DBN)

How this mayor is fighting a pandemic that’s slamming the city’s black community
(DBN)

How to stay safe when running, walking outside during the coronavirus pandemic
(DBN)

It was a regular poker game among eight friends. Within weeks, coronavirus killed three and infected all.
(DBN)

The recovered: How it feels to be alive on the other side of the pandemic
(DBN)

Coronavirus destroys lungs. But doctors are finding its damage in kidneys, hearts and elsewhere.
(DBN)

Fighting Coronavirus Means I Haven’t Seen My Kids for a Month
(DBN)

Woman gives birth in a coma while fighting coronavirus
(DBN)

Coronavirus patients warned of new 'frost bite' and 'red hives' symptoms
(DBN)

The myth of rural America’s protection from the coronavirus
(DBN)

Bill Gates says Trump’s halt to funding for WHO is ‘as dangerous as it sounds’ After Trump suspends payments to WHO, other countries rally behind the agency How China Corrupted WHO's Response WHO Isn't to Blame for Trump's Response Does Trump’s coronavirus charge sheet against WHO stack up? CDC director says he'll keep working with WHO despite Trump's plans to cut funding to the agency 'But now is not that time': UN Secretary-General rebukes Trump over plans to halt funding for WHO amid coronavirus pandemic Trump's critique of WHO may be a diversion, but it resonates beyond the White House Trump is right about one thing: The World Health Organization deserves some blame for the coronavirus pandemic What is the W.H.O. and How Will The Proposed Trump Funding Cuts Affect It Pelosi rips Trump’s ‘weak’ deflection of coronavirus blame to WHO Trump, the W.H.O., and the Search for a Coronavirus Scapegoat Kellyanne Conway Attacks WHO’s Command of ‘Facts and Figures’ With Nonsensical ‘COVID-1’ Dig Trump halt to WHO funding violates same law as Ukraine aid freeze, House Democrats say Congressional Democrats allege Trump's move to defund World Health Organization is illegal Trump’s WHO Attack Accelerates Breakdown in Global Cooperation 'We Alerted The World' To Coronavirus On Jan. 5, WHO Says In Response To U.S. Trump's move against the World Health Organization is latest twist in a shifting policy on China
(DBN)

US clinical trials of hydroxychloroquine hit ‘warp speed,’ could show results in weeks Tests on Trump's Miracle Drug Stopped
(DBN)

WWE deemed an 'essential business' in Florida Florida Gov. DeSantis declared WWE an “essential service.” His explanation doesn’t make much sense.
(DBN)

An emergency measure just passed that will require San Francisco to rent 7,000 hotel rooms to house its entire homeless population
(DBN)

There are so many coronavirus myths that even Snopes can't keep up
(DBN)

Coronavirus may have spread to humans by dogs not bats, bombshell new research claims
(DBN)

Humans Have Themselves to Blame for Covid-19
(DBN)

Almost 600 Theodore Roosevelt sailors have COVID-19, 4 hospitalized, Navy says Navy May Reinstate Fired Capt. of Roosevelt
(DBN)

FEMA ships out nearly 20 million hydroxychloroquine tablets ‘Comprehensive’ study by French doctors and scientists does ‘not support’ the use of hydroxychloroquine to treat coronavirus: report
(DBN)

____________

Autos:

Fear of an Impending Car-Price Collapse Grips Auto Industry
(DBN)

Car Sales Down 54%, New York City Nears Zero
(DBN)

____________

Food/Beverage:

Dining out: Pandemic spoils March US restaurant sales; experts fear worse ahead
(DBN)

McDonald’s relationship with US franchisees is fraying over coronavirus relief
(DBN)

Prepare For Masks And Gloves While Dining Out As Restaurants Adapt To Life After COVID-19
(DBN)

Thousands of cars line up to get into a Los Angeles food bank
(DBN)

Grocery delivery was supposed to be the ultimate pandemic lifeline. But it's falling short.
(DBN)

Drinking alcohol can make the coronavirus worse, the WHO says in recommending restricting access
(DBN)

Suppliers Strain to Feed a World in Lockdown
(DBN)

Agriculture Secretary Says ‘Plenty of Food’ Despite Disruptions
(DBN)

____________

Religion:

Hundreds of claims against Rochester-area Catholic parishes blocked, but at what cost?
(DBN)

Here's how my hometown temple organized an international Zoom Seder with over 600 attendees
(DBN)

Barr says places of worship can’t be ‘singled out’ amid coronavirus shutdown
(DBN)

____________

Chemicals:

Oil Price Crash Is Upending The Petrochemicals Industry
(DBN)

____________

Trucking:

A key metric in a trucking giant's financial statements shows that surging demand amid coronavirus doesn't mean increased profit for truckers
(DBN)

Why America's $800 billion trucking industry was left out of the $2 trillion stimulus bill
(DBN)

____________

Maritime:

Creditors back deal for Hornbeck Offshore Chapter 11 restructuring
(DBN)

____________

 


New Bankruptcy Opinions
(8 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (12 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)

______________

Bankruptcy Statistics:

BK CD CA: Bankruptcy filings fall slightly in March, 2020
(DBN)

______________

Mediation:

Four Examples of How Mediation Programs Develop and Grow
(DBN)

____________

Sales:

Distressed Asset Sales: Bankruptcy and Out-of-Court Options
(DBN)

____________

Third Party Releases:

In Millennium, the Third Circuit Gives Nonconsensual Third-Party Releases in a Chapter 11 Plan a Stern Look
(DBN)

____________

Appeals:

U.S. Supreme Court: Creditors May Immediately Appeal Denials of Automatic-Stay Relief
(DBN)

____________

Jurisdiction:

Turf War Update: Sixth Circuit Weighs In on Dispute Between Bankruptcy Courts and FERC Over Rejection of Power Contracts
(DBN)

This Time is Different: Core Bankruptcy Jurisdiction for Insurance Coverage Lawsuits for Coronavirus Related Claims
(DBN)

____________

Contracts:

Model Standstill/Tolling Agreement
(DBN)

____________

Administrative Expenses:

Rethinking Administrative Expenses in Chapter 11: How Vendors and Landlords Will Be Affected by “Mothballed” Cases, Partial Freezes, and Critical Expenses in the COVID-19 Crisis
(DBN)

____________

D&O:

D&O Insurance Issues Arising from the COVID-19 Crisis
(DBN)

____________

Avoidance Actions:

Uniform Voidable Transactions Act Adopted in New York
(DBN)

Post-Merit, the Second Circuit Reaffirms Its Ruling That State Law Avoidance Claims Are Preempted by the Section 546(e) Safe Harbor
(DBN)

Eight Circuit BAP Determines Junior Lienholders Receive Preference Protection
(DBN)

____________

UST:

UST Seeks Trial Attorneys In CA and AR
(DBN)

____________

Fiduciary Duty:

Vigilance Now Can Help Avoid Scrutiny Later: Fiduciary Duties in the Midst of a Global Pandemic
(DBN)

____________

Bankruptcy Reform:

(Not-So) Small Business Reorganization Act: CARES Act Expands SBRA Eligibility
(DBN)

____________

Aviation:

Airline Insolvencies
(DBN)

New York City Airport Use Declines by 96%, Port Authority Says
(DBN)

Airlines Have a Really Big Problem: People
(DBN)

United Air Braces for ‘Essentially Zero’ Travel Demand After Aid
(DBN)

737 Max Has Been Grounded for One Year
(DBN)

How The U.S. Is Distributing Airline Bailout Funds In COVID-19 Relief Deal
(DBN)

Airline stocks are set to surge after the 'big 4' accepted more than $15 billion in government bailouts
(DBN)

American Airlines, United, and other carriers have agreed to bailout terms with the US Treasury that will avoid layoffs until October
(DBN)

American Airlines CEO: ‘Feels like we’re at the bottom’ as coronavirus sends revenue tanking by 90%
(DBN)

The real reason U.S. airlines and Boeing went for a combined $73.7 billion in buybacks
(DBN)

Coronavirus Won’t Kill Leisure Or Business Travel, But It Will Change Them Significantly, Perhaps Forever
(DBN)

VietJet Lenders Agree Loan Repayment Delays for Plane Purchases
(DBN)

EasyJet Gets New Loans, Plans Jet Sales to Ride Out Coronavirus
(DBN)

Cathay’s Passenger Traffic Just 1% of Usual After ‘Drastic’ Drop
(DBN)

Virgin Australia Stock Suspended as Restructuring Talks Extend
(DBN)

____________

Gambling:

Vegas Casino Executives Discuss Reopening With Dealers in Masks
(DBN)

____________

Fitness:

After failed FlyWheel deal, New York Sports Club considers bankruptcy
(DBN)

____________

Education:

Sports are on the chopping block as colleges seek coronavirus relief
(DBN)

After Coronavirus, Colleges Worry: Will Students Return?
(DBN)

Some Colleges Are Waiving SAT and ACT Requirements
(DBN)

Some colleges consider canceling in-person classes until 2021 over coronavirus
(DBN)

College students are rebelling against full tuition after classes move online
(DBN)

Falwell’s Liberty University Pockets Fees After Pretending To Open Dorms, Suit Alleges
(DBN)

SAT Scrapped for June in Latest Hit to Higher Education
(DBN)

____________

Cannabis:

Cannabis Has Been Deemed "Essential" in California, But Can Businesses Survive COVID-19?
(DBN)

Bankruptcy and Restructuring in the Cannabis Industry in 2020 and Beyond
(DBN)

____________

 

Newspapers:

L.A. Times to Furlough Workers as Ad Revenue ‘Nearly Eliminated’
(DBN)

____________

Pensions:

Public Pensions Face Reckoning From Dual Shocks of the Economy
(DBN)

____________

Student Debt:

11th Circuit: Student Borrower Consumer Claims not Preempted by HEA
(DBN)

____________

Transit:

Transport After the Virus Will Be More Cars, Fewer Trains
(DBN)

____________

Climate:

Shell Sets Bolder Emissions Goal Even as Virus Hits Oil Business
(DBN)

Think This Pandemic Is Bad? We Have Another Crisis Coming
(DBN)

____________

Sovereigns:

G20 freezes poor countries’ debts to add $20B for pandemic fight
(DBN)

Lebanon’s Vexing Modification Clause
(DBN)

What to do When Your Contract is a Dog's Breakfast
(DBN)

International creditors look to grant 40 sub-Saharan African countries debt suspension
(DBN)

____________

UK:

For the Foreseeable Future, U.K. Parliament May Meet in Cyberspace
(DBN)

U.K. to Decide on Lockdown Extension as Virus Seen Hitting Peak
(DBN)

UK fashion retailers Oasis, Warehouse fall into administration
(DBN)

U.K. Earnings Could Halve This Year Due to Covid-19, Citi Says
(DBN)

What do the statistics say about the impact of Covid-19 on UK businesses?
(DBN)

Why UK's coronavirus death toll is likely much higher than official tally
(DBN)

A 52% Gap in U.K. Virus Counts Hurts in More Ways Than One
(DBN)

Sunak’s ‘Whatever It Takes’ Virus Support Unprecedented in U.K.
(DBN)

Who Goes Into Intensive Care? U.K. Legal Challenges Stacking Up
(DBN)

IMF Suggests Brexit Trade Talks Should be Extended
(DBN)

Britain’s Virus-Hit Businesses Find an Unlikely Help in Brexit
(DBN)

____________

EU:

EU gives advice on lifting coronavirus lockdowns: Don’t all return to work at once
(DBN)

EU bars bailed-out companies from paying dividends and bonuses
(DBN)

Virus May Prove Dark Moment for European Project, Stiglitz Says
(DBN)

Updated Guide: How to access European Governments’ financial support packages
(DBN)

How Bad Will European Economies Get? Key Challenges For Each Country
(DBN)

Europe’s Largest Port Warns Virus Impact to Become More Severe
(DBN)

____________

PIIGS:

Italian debt sinks after ‘corona bond’ plan falters
(DBN)

Italians question merits of virus testing
(DBN)

Sun-starved and Locked Down, Italians Ask If Summer Can Be Saved
(DBN)

Italy Reports 2,667 New Virus Infections, Lowest in 4 1/2 Weeks
(DBN)

Irish banks may extend mortgage breaks to six months
(DBN)

Spanish Coronavirus Infections Increase by the Most in a Week
(DBN)

Coronavirus could derail Greek banks' bad debt reduction plans
(DBN)

____________

Canada:

Canada Home Sales, Listings Plunge in March With More Pain Seen
(DBN)

Bankruptcy can't be used as ‘fiscal car wash,’ says N.S. court official who quotes Bob Dylan
(DBN)

Canada Economy Shrank Most on Record in 1Q, Early Data Show
(DBN)

Vancouver mayor clarifies ‘misinformation’ about city finances, renews call for provincial help
(DBN)

____________

Australia:

Court relieves administrators of personal liability for rent
(DBN)

How could COVID-19 contaminate the financing arrangements of Australian businesses?
(DBN)

Australia Unexpectedly Adds Jobs, Unemployment Edges Up to 5.2%
(DBN)

____________

Finland:

Finland’s Lockdown Seen Cutting GDP by as Much as 2% Per Month
(DBN)

____________

Belgium:

Belgium extends lockdown measures until May 3
(DBN)

____________

South Korea:

South Korea goes to the polls even as it rebounds from coronavirus pandemic
(DBN)

South Korea Plans Emergency Handouts to Households Hit by Virus
(DBN)

____________

Hong Kong:

Reliefs and Support for Small and Medium Enterprises (“SMEs”) in Hong Kong
(DBN)

Let Not The Sun Go Down On Your Wrath: Winding-Up Petition Brought “in A Fit Of Spite” Adjourned To Aid Restructuring
(DBN)

____________

Indonesia:

Indonesia Sees $10 Billion Hole in Tourism Revenue From Virus
(DBN)

____________

China:

French luxury brand Hermès pulls in $2.7 million in a day at a flagship store in China as wealthy shoppers splurge after the coronavirus lockdown
(DBN)

China Home Prices Resume Upward Climb as Virus Impact Abates
(DBN)

China knew the coronavirus could become a pandemic in mid-January but for 6 days claimed publicly that there was no evidence it could spread among humans
(DBN)

More Than 3,000 People in China Were Already Infected With Coronavirus by the Time Xi Jinping Warned the Public: Report
(DBN)

The coronavirus likely came from China’s wet markets. They’re reopening anyway.
(DBN)

____________

Mexico:

Mexico’s state oil company hasn’t paid hundreds of workers for months
(DBN)

Nurses at a hospital in Mexico were reportedly told not to wear face masks so they wouldn't incite panic in patients
(DBN)

____________

Africa:

IMF Mulls $365 Million Loan to Congo Battling Multiple Epidemics
(DBN)

As Africa’s largest creditor, China is a determinant factor amid calls for debt-relief
(DBN)

Fear of Economic Shock Hampers Ethiopia’s Coronavirus Fight
(DBN)

____________

MENA:

NMC creditor files criminal complaint
(DBN)

IMF sees crisis-hit Lebanon's output shrinking 12% in 2020
(DBN)

Franklin Templeton grabs more Gulf government debt amid oil crash
(DBN)

____________

Singapore:

Dormitory Infections Push Singapore Virus Cases to New Record
(DBN)

____________

Japan:

Japan losing patience with government over COVID-19 response Japan urges citizens to isolate as reports warn of 400,000 deaths
(DBN)

More Than 200 Listed Japanese Companies Have Cut Their Forecasts
(DBN)

Japan Should Drop Strings on Virus Aid, Economist Says
(DBN)

‘Toothless’ Japan Lockdown Shows Some Tentative Signs of Success
(DBN)

Goldman Sees Virus Hitting Japan Jobs More Than Financial Crisis
(DBN)

____________

Germany:

Update to the Amendments of the German Insolvency Act
(DBN)

Germany slowly eases lockdown measures German easing of lockdown to start with schools on May 4 Merkel Announces Steps to Slowly Return Germany to Normal
(DBN)

Germany’s New Coronavirus Cases Climb for First Time in a Week
(DBN)

Meticulous and Orderly, Germany Can Handle a Pandemic
(DBN)

German car dealerships to reopen Monday
(DBN)

____________

Australia:

Lovelorn Aussie is first jailed for breaking virus quarantine
(DBN)

____________

Bulgaria:

Over 42% of Bulgarian startups at risk of bankruptcy in next three months - industry
(DBN)

____________

India:

Recent Legislative And Case Law Developments In Insolvency And Bankruptcy Law
(DBN)

Hit by sharp ad decline, India's newspapers cut jobs and salaries
(DBN)

At station with no trains, locked-down strangers in India wait weeks with no way out
(DBN)

____________

South Africa:

South Africa Mining Faces 45,000 Job Losses on Extended Lockdown
(DBN)

South Africa CEOs Heed President’s Call to Take Pay Cuts
(DBN)

____________

Zambia:

Debt-ridden Zambia has no option but to ask IMF for help
(DBN)

____________

Brazil:

Brazil government, banks in talks about bailing out companies
(DBN)

____________

France:

Paul Hastings Expands Global Finance and Restructuring Practice with Renowned Restructuring Partner and Team in Paris
(DBN)

France Reports 1,438 New Virus Deaths, Highest Toll to Date
(DBN)

____________

Russia:

Russian Region Plans Tracking Bracelets for Coronavirus Victims
(DBN)

Russia’s Oil Pain Deepens as OPEC+ Prepares to Cut Output
(DBN)

____________

Argentina:

Argentina Sets Stage for Restructuring With $50 Billion Filing
(DBN)

Argentina a 'black box' as $70 billion debt talks enter final act
(DBN)

____________

Philippines:

Philippine Labor Department’s Cash Aid Program Runs Out of Funds
(DBN)

____________

Sweden:

Swedish fashion retailer MQ files for bankruptcy
(DBN)

Swedish hotel and restaurant bankruptcies set to triple in April -credit agency UC
(DBN)

____________


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