April 17, 2020

The Daily Bankruptcy News

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Law:

Paul Hastings Continues Lateral Growth Hot Streak, Adding Restructuring Partner James Grogan in Houston
(DBN)

Billion-Dollar Biglaw Firm Cutting Associate Salaries
(DBN)

Another Am Law 50 Firm Has Salaries On The Chopping Block
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Am Law 100 Firm Cutting Costs To Avoid Layoffs — But That Doesn’t Mean There Won’t Be Layoffs
(DBN)

Norton Rose Fulbright Lays Off Associates, Cuts Salaries Amid COVID-19 Upheaval
(DBN)

Mega Firm Announces More Austerity Measures — This Time Salary Cuts Are The Name Of The Game
(DBN)

Associate Salaries Cut By Up To 50 Percent At This Biglaw Firm
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UK: US firm raises pay as others stick it to staff with unpaid leave and redundancies
(DBN)

Wannabe Biglaw Firm Closes Its Doors
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Corporate Lawyers Jump to Restructuring as COVID-19 Mandates Mount
(DBN)

Lawyers re-tool to take on restructuring boom 
(DBN)

State Bar Issues Ethics Guidance On Working From Home During COVID-19 Pandemic
(DBN)

A New Normal for Gibson Dunn’s Anne Champion
(DBN)

Firm's Instagram account hijacked by employee's dancing daughter
(DBN)

As Traditional Firms Pull Back, Virtual Firms' Opportunities Could Be Growing
(DBN)

Young Lawyers Are Stuck in the Middle of Law Firm Generation Gaps
(DBN)

What to know if coronavirus has you considering filing for bankruptcy
(DBN)

The Lawyer Whose Clients Didn’t Exist
(DBN)

The Nation’s Top Defender Of The Bar Exam Knows Exactly How To Value Diploma Privilege Systems
(DBN)

COVID-19 Forces The Legal Profession’s Hand And Technology Adoption Increases Exponentially
(DBN)

Sharpton Renews Criticism of Skadden Over Attorney Diversity
(DBN)

COVID-19 checkpoints at state and local borders bring lawsuit, ACLU warning
(DBN)

‘You Have to Disobey’: Protesters Gather to Defy Stay-At-Home Orders
(DBN)

‘Inexcusable’: Debbie Dingell slams Michigan protesters
(DBN)

‘We Will Not Comply’ — Virginia Protesters Demand State Reopens
(DBN)

How N.J.’s Constitutionally Clueless Gov. Phil Murphy Could Have Avoided His Fox News Trainwreck Coronavirus & Phil Murphy — Bill of Rights Is Not ‘above’ Any Government Leader’s ‘Pay Grade’
(DBN)

Michiganders Rally for Lawn Fertilizer, Hair Dye Amid Grievances Against Gov. Whitmer’s COVID-19 Orders
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The resistance to stay-at-home orders rises from the right
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Anti-Lockdown Protests are Getting Weird
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Police thy neighbor: Virus fears fuel quarantine shaming
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As testing outcry mounts, Trump cedes to states in announcing guidelines for slow reopening
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Democrats Win Ex-Justice Officials’ Support on Trump Oversight
(DBN)

Roger Stone Is Denied a New Trial Over Biased Juror Claim ‘Unmoored From The Facts’: Judge Amy Berman Jackson Rejects Roger Stone’s Bid For New Trial
(DBN)

Outlets That Covered Steele Dossier During ‘Russiagate’ Go Silent as Steele’s Ties to Kremlin Revealed
(DBN)

Ex-Trump lawyer Cohen to get early prison release due to coronavirus fear
(DBN)

Lawyer sues over social media posts claiming he made racist remarks in social distancing tiff
(DBN)

Coronavirus outbreak at Lompoc prison worst in nation: 69 inmates, 25 staff infected
(DBN)

An Inmate Says He Sought Medical Care For Coughing And Chest Pains. Video Shows A Sheriff’s Deputy Choking Him.
(DBN)

Lawyer uses plastic covers on legal documents to make face shields for hospitals
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'A Perfect Storm': Extremists Look For Ways To Exploit Coronavirus Pandemic
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Toilet paper thieves try to make clean getaway but can’t roll away from police
(DBN)

Pandemic Lawyer of the Week: Be Awesome
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Essential Activities: Court lets cat lover break cover for cat treats
(DBN)

Man tells NYPD he killed his dad while together in quarantine, cops find mutilated body inside home
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Florida Man Places Fake ‘Infected with Covid-19’ Sign on His Door to Evade Police, Gets Arrested
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Judges:

Can you argue in pajamas? Supreme Court’s virtual oral arguments are a first
(DBN)

Federal judge shuts down remote hearing after interruptions by listening audience
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Shirtless Lawyers, Barking Dogs Herald Courtroom of the Future Broward judge tells lawyers to get out of bed and wear a shirt for Zoom hearings
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COVID-19 claims former federal bankruptcy judge
(DBN)

Judge charged with helping illegal immigrant escape ICE agent claims she’s victim of ‘political bias’
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Wall Street:

Dow futures rally after Gilead coronavirus drug reportedly shows effectiveness
(DBN)

Gilead drug produced ‘rapid’ recovery in coronavirus patients, report says Why an analyst bullish on Gilead says antiviral drug ‘won’t solve’ COVID-19
(DBN)

The next 45 days are the ‘most critical period in U.S. financial history,’ says stock expert who profited in 1987 and 2008 crises
(DBN)

Billionaire Mark Cuban is moving to cash
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Goldman strategist says market rally has been ‘too rapid’
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Layoffs:

Detroit Medical Center furloughs nearly 500 team members amid COVID-19 crisis
(DBN)

‘There’s something to be said about loyalty, right?’ This furloughed worker says he’s reluctant to take a job at a competitor
(DBN)

A Florida bar pulled down $10,000 in single bills stuck to the wall so it could pay its 22 unemployed workers
(DBN)

Coronavirus could spark 500K green energy job losses
(DBN)

Cantor to Cut Hundreds of Jobs in Break From Wall Street Pledge
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Healthcare:

Tenn. Hospital Bankruptcy May Be The First Of Many
(DBN)

Hospital bailouts slow to get out, missing some places that need it most, lawmakers and industry groups say The COVID-19 Bailout That’s Left Every Hospital Unhappy in Its Own Way
(DBN)

The Democrats’ Terrible Health Care Solution for the Newly Unemployed
(DBN)

This Isn’t the Flattened Curve We Were Promised
(DBN)

A Tiny Hospital Struggles to Treat a Burst of Coronavirus Patients
(DBN)

Dr. Oz slammed for suggesting it ‘may only cost us 2 to 3%’ of American lives to reopen schools
(DBN)

U.S. coronavirus death toll climbs to over 33,000 -Reuters tally Tracking the novel coronavirus in the U.S.
(DBN)

U.S. coronavirus deaths increase by record amount for second straight day - Reuters tally
(DBN)

Virus Seen Killing 300,000 in Africa, Even With Interventions
(DBN)

Trump's Miracle Drug is a Big Flop in Tests
(DBN)

Why Epidemiologists Still Don’t Know the Death Rate for Covid-19
(DBN)

The Trump administration paid a bankrupt company with zero employees $55 million for N95 masks, which it's never manufactured
(DBN)

These hospitals care for the poorest Americans. They're on the losing end of Trump's $30 billion coronavirus rescue.
(DBN)

A 37-year-old cancer survivor who lost his job during the pandemic says he's out of medicine he needs to stay alive, and is calling the unemployment office '75 times a day' but not hearing back
(DBN)

Gates Foundation spending an additional $150 million on coronavirus response after Bill Gates slammed Trump for withdrawing support for WHO
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Pandemic Exhaustion: Coronavirus Affecting Sleep Habits For 77% Of Americans
(DBN)

MAP: See when the coronavirus outbreak will peak in every state
(DBN)

Texas: 46 new deaths as hospitalizations hit new high
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N.J. Reports Third Straight Day of More Than 300 Covid-19 Deaths
(DBN)

Burials on Hart Island, where New York's unclaimed lie in mass graves, rise fivefold amid virus
(DBN)

U.S. COVID-19 Death Toll May Only Be 'Tip of the Iceberg,' Says CDC Adviser
(DBN)

New York Drops Below One New Infection Per Victim, Cuomo Says
(DBN)

How Bluetooth could unleash the world’s largest experiment in digital contact tracing
(DBN)

CDC director says another coronavirus wave is coming
(DBN)

Has This California Lab Fixed America’s Covid Test Problem?
(DBN)

Biotechs Are Battling to Make the First Good Blood Test For Covid-19
(DBN)

D.C., Virginia and Maryland coronavirus cases double in a week to exceed 20,000
(DBN)

How alarming predictions about coronavirus losses in California gave way to guarded optimism
(DBN)

Dr. Phil Claims Shutdowns Deadlier Than Coronavirus In Wild Fox News Appearance
(DBN)

Six people in South Carolina die of coronavirus after attending same funeral
(DBN)

Alarming videos from hospitals around the world show what doctors are facing as they treat coronavirus patients
(DBN)

Trump administration, federal agencies and Cuomo say all Americans should wear face masks — a timeline of confusing messages and policy reversals
(DBN)

Nurses suspended for refusing to treat coronavirus patients without N95 masks
(DBN)

Bill Gates kept food in his basement for years as he knew a pandemic was coming
(DBN)

World Health Organization Spends Twice As Much On Travel As On Medical Supplies
(DBN)

First US service member to test positive for the coronavirus is finally recovered after 49 days in isolation
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Retailing:

Starbucks prepares to reopen stores closed in coronavirus pandemic, predicting a return to normal operations in June
(DBN)

Apple to begin reopening stores, starting with South Korea
(DBN)

Gordon Bros.’ Dufton Sees 20,000 to 25,000 Closures
(DBN)

JCPenney misses a $12 million debt payment amid reports that the struggling department store chain is considering bankruptcy options J.C. Penney Creditors Tussle in Talks Over Need for Bankruptcy J. C. Penney Crashes on Hearsay of Bankruptcy Amid Coronavirus
(DBN)

Luxury department store retailer Neiman Marcus Group skipped bond payment
(DBN)

Amazon shuts down France warehouses after court ruling
(DBN)

Amazon CEO Jeff Bezos' 2020 letter to shareholders puts coronavirus concerns front and center — read the full letter here
(DBN)

Amazon’s Jeff Bezos Wants to Test All Employees for Covid-19
(DBN)

LVMH Hopes for Recovery in Late Spring After Virus Hammers Sales
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Food/Beverage:

Burger and Taco Restaurant Bonds Suffer as America Locks Down
(DBN)

Supermarkets Adjust Meat Sections as Coronavirus Cuts Supply
(DBN)

The South Dakota slaughterhouse linked to more than half the state's coronavirus cases had offered employees a $500 'responsibility bonus' to come to work in April
(DBN)

US meat plant closures spread after rash of virus cases The Coronavirus Is Ripping Through The U.S. Meatpacking Workforce
(DBN)

Going Out to Eat Will Look Very Different When Lockdowns Lift
(DBN)

With Panic Buying Waning, Big Food Sees Life Without Restaurants
(DBN)

Pandemic Provokes Spike in Demand for Food Pantries in US
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Entertainment:

Film industry hit hard by economic downturn caused by coronavirus
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Nursing Homes:

NJ opens probe after finding 17 bodies at nursing home hit by coronavirus
(DBN)

N.J. governor “outraged” that bodies were “allowed to pile up” at nursing home
(DBN)

Massachusetts man allegedly tried to blow up Jewish nursing home
(DBN)

31 Deaths: Toll at Quebec Nursing Home in Pandemic Reflects Global Phenomenon
(DBN)

50% of Pennsylvania Deaths in Nursing Homes
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Event Facilities:

Sports facility wrestles with coronavirus and strategic bankruptcy
(DBN)

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Gambling:

Professional gamblers in Nevada may now be able to collect unemployment
(DBN)

Vegas Dealers To Wear Masks, Casino Patrons To Get Temps Checked In Reopening Plan
(DBN)

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Maritime:

Megaships Proving a Drag on Ocean Carriers in Trade Downturn
(DBN)

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Personal Finance:

A millennial who paid off $30,000 of student loans shares 3 steps for people who feel like they're drowning in debt
(DBN)

Don’t count on getting cash from your 401(k), even if a new law says you can
(DBN)

8 steps to take if you think you'll be laid off or furloughed so you can have peace of mind if the unexpected happens
(DBN)

5 ways for parents to motivate their kids and avoid tantrums at home during the coronavirus, according to a parenting expert
(DBN)

45 Percent of Millennials and Gen-Z Fear Staying Home Will Lead to Divorces
(DBN)

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Debt Collection:

Debt collectors are going after millions of stimulus checks — 5 ways to stop them
(DBN)

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Sports:

2020 NFL Draft: Roger Goodell to Announce Picks from Home Basement
(DBN)

NFL Star Von Miller Reveals Shock After Coronavirus Diagnosis: ‘There’s Not Really Any Medicine or Anything Like That’
(DBN)

Los Angeles Rams center first NFL player to test positive for COVID-19
(DBN)

XFL Season Ticket Holder Refunds Delayed
(DBN)

XFL Was Reportedly Looking to Relocate 3 Teams leading up to Bankruptcy
(DBN)

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Art:

Wealthy art owners are raising cash from their collections amid the looming recession
(DBN)

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Distressed Investing:

'The shopping list is being readied': Saudi Arabia and Abu Dhabi are scouting for cheap investments after the coronavirus sell-off
(DBN)

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Apparel:

Apparel Companies Estimated To Lose As Much As $1 Trillion In Brand Value Due To COVID-19
(DBN)

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Mail:

Postal Workers Were Already Worried About Getting Sick — Now Their Jobs Could Be on the Line, Too
(DBN)

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Transit:

New York’s MTA to Seek $3.9 Billion of U.S. Aid to Keep Running
(DBN)

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Climate:

Global warming is making western U.S. ‘megadrought’ the worst in centuries, study says
(DBN)

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Economy:

COVID-19 has wiped out all US job gains since the Great Recession: Another 5.2 million Americans have filed for unemployment, bringing the 4-week total past 22 million Weekly Initial Unemployment Claims decrease to 5,245,000 Another 5.2 million jobless claims filed last week amid coronavirus crisis New unemployment filings are so high only the Great Depression compares
(DBN)

Philly Fed "Manufacturing firms reported continued weakening" in April Philadelphia Fed regional manufacturing index plunges to lowest level since 1980
(DBN)

Fed's Williams says 'our work is not done' to try to repair economic damage from coronavirus
(DBN)

Fed’s Harker says lost jobs will come back, but US should be patient
(DBN)

Fed’s Kaplan Open to Expanding Emergency Aid to Sectors In Need
(DBN)

Fed Readying Plan to Publish Transactions in Crisis Programs
(DBN)

Top GOP Senator Asks Mnuchin, Powell for Virus-Aid Transparency As $2 trillion starts to flow, oversight of virus cash lags
(DBN)

Unusual partnership in coronavirus bailout allows Fed and Treasury to share risk
(DBN)

Jay Powell: Hero of the coronavirus crisis
(DBN)

Coronavirus Crisis Underlines Weak Spots in U.S. Economic System
(DBN)

A Tale of Two Possible Recoveries
(DBN)

U.S. Is Expected to Lead a Contraction in Global GDP This Year
(DBN)

Bank CEOs Warn of Unprecedented Economic Slump, Job Losses
(DBN)

Companies With High Debt Are Paying a Price
(DBN)

Pandemic Requires Comprehensive Debt Standstills
(DBN)

Yes, we should bail out companies — but not shareholders
(DBN)

No country has beaten the coronavirus yet
(DBN)

Global economy may not fully recover from the coronavirus crisis by 2021, IMF says
(DBN)

Billionaire Barry Diller says bail out everyone and ‘worry about paying the bills later’
(DBN)

Billionaire bond king Jeff Gundlach sent a bizarre tweet predicting the end of the 'You blow dry my hair and I'll blow dry your hair' economy
(DBN)

A double recession? Economies risk debt crises after stimulus spending
(DBN)

Secretary Mnuchin Bails Out Main Street With A Whopping $120 Per Week Of ‘Bridge Liquidity’
(DBN)

The U.S. has thrown more than $6 trillion at the coronavirus crisis. That number could grow.
(DBN)

A senior economist says the $2 trillion stimulus bill 'is not going to be big enough' to fight the oncoming recession
(DBN)

Senator Warren takes Treasury, Fed to task over ‘little oversight’ of stimulus programs
(DBN)

Americans report the IRS coronavirus stimulus check tracking tool doesn’t work
(DBN)

Credit Bureaus Resist Campaign For Clemency as Indebted Americans Struggle
(DBN)

Consumer sentiment dives to its lowest point since before President Trump's election on escalating pandemic damage
(DBN)

Small business rescue loan program hits $349 billion limit and is now out of money Small Business Relief Funds Drained Fast With Many Shut Out Lawmakers could fail today to replenish coronavirus-aid program for small businesses SBA Ran Out of Money One Week After Pelosi Called GOP Request for More Aid a ‘Stunt’ Why Some Republicans Are Blocking New Coronavirus Relief Coronavirus disaster loan cutoff leaves many small biz owners without financial relief Pelosi, McCarthy still at odds over depleted small business relief program Coronavirus Loans — Kyrsten Sinema Calls to Pass Emergency Small Business Loan Funding ‘ASAP’ SBA’s Herculean Pandemic Response Was Swift, But Not Smooth
(DBN)

A top Trump economic adviser said 'it couldn't be easier' for his wife to get a bank loan from the troubled small business loan program
(DBN)

Ohio unemployment compensation fund may be insolvent by June
(DBN)

Illinois Unemployment Agency Staff Are Terrified of Working
(DBN)

Biden Calls for Expansion of Short-Term Compensation Programs
(DBN)

‘Nowhere to Hide’ as Unemployment Permeates the Economy
(DBN)

Democrats finally have a plan that could help us find a coronavirus 'normal'
(DBN)

Poll: Nearly three-quarters of American say worst is still to come from coronavirus Country grows more pessimistic about a return to normalcy post-coronavirus
(DBN)

Virus Payments Hit Glitches as IRS Sends Billions to Americans
(DBN)

‘Grave concerns’ about Covid-19 immunity passports Jeff Bezos says mass testing is necessary to get the economy 'back up and running'
(DBN)

NY and other East Coast states extend shutdown of nonessential businesses to May 15, Cuomo says 'We can't plan on summer right now': NYC Mayor Bill de Blasio closes outdoor public pools and warns residents to 'lower expectations' about public beaches
(DBN)

A GOP senator says reopening the economy means accepting the coronavirus will spread faster “There’s no 100% risk-free way” out of shutdown, doctor says New York Gov. Cuomo is enlisting top consulting firm McKinsey to develop a 'Trump-proof' plan for reopening the state GOP congressman says US should ‘slowly’ reopen, barbers can wear masks Trump calls on governors with "beautifully low" coronavirus numbers to reopen on May 1 Trump unveils phased approach to reopening economy U.S. House Speaker Pelosi says Trump guidelines 'vague and inconsistent' Trump tells governors that some states can reopen before May 1 ‘A long way to go’ before there’s enough testing to reopen economy, Business Roundtable CEO says CEOs tell Trump testing, social distancing protocols ‘a must’ to reopen economy: Chubb CEO Midwest Governors Form Partnership to Coordinate Reopening Plans Governors Face a Trump-Inspired Backlash to Ease Virus Rules North Dakota Governor Aims For May 1 to Reopen State Governors caution Trump on reopening economy without enough coronavirus testing Trump says reopening US can happen in some places without mass testing Trump's guidelines for reopening states amid coronavirus pandemic will leave decisions to governors Pennsylvania lawmakers pass bill to reopen businesses as governor signals forthcoming veto The coronavirus task force keeps downplaying the virus’s spread in less-populated states PA: Gov Wolf resists calls to reopen economy, ease stay-home order Maryland governor says now is 'the worst possible time' to lift coronavirus restrictions Trump’s Virus Reopening Plan Leaves Toughest Decisions to States
(DBN)

Graham contradicts Trump: U.S. ‘still struggling with testing on a large scale’
(DBN)

Roche Aims to Start Selling Covid-19 Antibody Test Next Month
(DBN)

We are NOT going back to normal soon warns Dr. Fauci
(DBN)

Trump’s Restart of U.S. Economy to Hinge on Mexico, Canada Help
(DBN)

The Absurd Case Against the Coronavirus Lockdown
(DBN)

Americans are spending coronavirus checks on rent and groceries Americans Agonize Over $1,200 Relief Payments That Won’t Be Enough
(DBN)

The IRS is sending $1,200 stimulus checks to dead people — and their loved ones are allowed to keep the money, experts say
(DBN)

Fashion Nova slammed for suggesting customers shop with stimulus checks amid pandemic
(DBN)

Pelosi and McConnell Consulting on Names for Oversight Panel
(DBN)

As $2 Trillion Relief Flows Almost Nobody Is Watching for Abuse
(DBN)

Citi CIO: It Could Take 'Nine Quarters' for Coronavirus Economic Recovery
(DBN)

One key figure helps countries decide when their coronavirus outbreaks are over — but scientists say it's a moving target
(DBN)

Thanks to COVID-19, Social Security’s day of reckoning may be even closer than we thought Baby boom or bust — how Social Security will be affected by coronavirus lockdowns
(DBN)

National Debt to Exceed GDP This Year
(DBN)

CBO Says Stimulus to Swell 2020 U.S. Budget Gap by $1.6 Trillion
(DBN)

Over 43,000 US millionaires will get ‘stimulus’ averaging $1.6 million each
(DBN)

The luxury sector could see a 20% fall in first-quarter revenue and an 'even worse' second quarter, analysts warn
(DBN)

Restaurants and hotels, devastated by coronavirus, face long and painful recovery
(DBN)

Jeff Bezos boasts in letter to shareholders that 40 million Americans makes less than any Amazon employee
(DBN)

California is the first state to offer unauthorized immigrants financial relief during the coronavirus pandemic
(DBN)

Morgan Stanley Sees the Wealthy Sticking With Cash
(DBN)

If coronavirus kills one person’s income, the ripple effects persist
(DBN)

The post-pandemic economy — airlines are treated as utilities, banks serve the people and the government runs a jobs program
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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:

Housing Starts decreased to 1.216 Million Annual Rate in March US housing starts plunged the most since 1984 in March as coronavirus rocked the market
(DBN)

Mortgage rates almost drop to another record low — here’s why a housing market slowdown won’t necessarily push them lower
(DBN)

New York Housing Groups Call for ‘Massive Wave’ of Rent Strikes
(DBN)

New York retail real estate is reeling because of coronavirus, as rents tumble
(DBN)

Fed’s Bostic says watching closely for signs of unbearable stress among mortgage servicers
(DBN)

HUD’s Carson Says He Wants Money for Hard Hit Mortgage Servicers
(DBN)

Trump’s libertarian housing regulator refuses to bail out mortgage firms with public money
(DBN)

Hurricane Harvey gave real estate CEOs ‘the blueprint’ to weather coronavirus
(DBN)

Landlords Were Violating Federal Law, Kicking Out Tenants Until the Media Called Them Out
(DBN)

Entity tied to massive East Austin office project falls into involuntary bankruptcy
(DBN)

Morgan Stanley CEO Sees a Future for the Bank With ‘Much Less Real Estate’
(DBN)

Kushner Cos. Faces Squeeze in Brooklyn Over WeWork, Coronavirus
(DBN)

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Municipalities:

States and cities are “falling off a cliff” as the economic crisis sets in
(DBN)

States and Cities Crippled by Pandemic Push for Next Bailout
(DBN)

Governors Ask Trump for $500 Billion in Federal Support
(DBN)

BofA Gets States That Want to Borrow Now Rather Than Wait on Fed
(DBN)

N.J.’s Murphy Says He Wants to Tap up to $9 Billion in Borrowing
(DBN)

De Blasio Relies on Cuts, Reserves to Make Up NYC Revenue Drop De Blasio pleads with Trump for federal bailout Virus Forces a ‘Wartime’ Budget on N.Y.C., With $2 Billion in Cuts
(DBN)

Chicago, Seattle Mayors Call for More Federal Virus Aid
(DBN)

California Faces Budget Shortfall That Could Top $35 Billion
(DBN)

Rich Muni Buyers Piled In During Record Crash, Reaping Big Gains
(DBN)

Ex. Gov. Rick Snyder Knew About Flint's Water
(DBN)

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Oil/Gas:

Oil hovers near 18-year low as coronavirus-led demand hit outweighs OPEC production cuts
(DBN)

Oil Anchored Near $20 Set for Weekly Loss on Feeble Demand
(DBN)

Saudi Arabia’s oil exports to the US skyrocketed in the last month
(DBN)

Where Gasoline is 12 Cents a Gallon
(DBN)

Japan Oil Buyers May Seek Cargo Delays as Fuel Use Drops 20%
(DBN)

OPEC forecasts oil demand will plunge to a 30-year low this quarter due to coronavirus pain
(DBN)

ConocoPhillips slashes oil output and spending plans
(DBN)

Philly seeks over $1M from PES refinery for Fire Department response
(DBN)

Zimmer’s Energy Hedge Fund Down 55% This Year After March Plunge
(DBN)

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Music:

In March, COVID-19 wiped concerts and festivals off the calendar — and that was just the beginning
(DBN)

Concert Giant AEG Offers Frustrated Fans a Refund
(DBN)

New York City and Los Angeles Mayors Don’t Expect Concerts to Return This Year
(DBN)

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Fraud:

Rich-Investor Site Finds Fraud in $89 Million of Ship Debt
(DBN)

Scammers are defrauding unemployed Americans
(DBN)

GOP senator says Richard Burr ‘owes’ explanation on stock trades scandal
(DBN)

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Religion:

Louisiana pastor asks followers to send their stimulus checks to churches instead of buying food
(DBN)

Trump appointee calls on New Jersey governor to send troops to ultra-Orthodox Jewish enclave to enforce social distancing
(DBN)

Churchgoers’ Lawsuit Compares COVID-19 Restrictions to Internment of Japanese Americans During WWII
(DBN)

Muslims grapple with Ramadan rituals in coronavirus era
(DBN)

Lockdown weighs heavily on Orthodox Christians during Easter
(DBN)

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Fitness:

Gold's Gym is closing more than 30 locations for good as the coronavirus ravages the fitness industry — here's the list
(DBN)

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Advertising:

How the coronavirus is impacting the advertising business as sports TV viewing evaporates, events are cancelled, and consumers stop spending
(DBN)

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Autos:

An ‘Unprecedented’ Disruption Is Ahead for the $1.5 Trillion Auto Market
(DBN)

Industry responds as negative equity hits new records
(DBN)

Ford Tests Buzzing Wristbands to Keep Workers at Safe Distances
(DBN)

Carl Icahn’s car rental firm Hertz faces epic cash crunch Hertz seeking coronavirus bailout, bracing for budget shortfalls
(DBN)

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Utilities:

PG&E gains support for its bankruptcy plan from NorCal wildfire victims despite concerns
(DBN)

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Magazines:

‘Bloodbath': The Hollywood Reporter Ends a 10-Year, Heady Run at Reinvention
(DBN)

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Hotels:

New York City will spend $250 million to get hotel rooms ready for coronavirus patients and first responders
(DBN)

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Cruise Lines:

Carnival is considering cutting passenger capacity on its cruise ships as it looks for ways to improve safety in wake of coronavirus outbreaks, sources say
(DBN)

Carnival Executives Knew They Had a Virus Problem, But Kept the Party Going
(DBN)

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Telecoms:

Communications Workers of America seeks seat at the table in Frontier Communication's Chapter 11 bankruptcy
(DBN)

Frontier Communications Shareholders Are Getting Wiped Out Under The Bankruptcy Plan
(DBN)

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Aerospace:

The Silver Lining Of New Space Bankruptcies
(DBN)

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Movie Theaters:

Movie Theater Chains Reckon With an Uncertain Future
(DBN)

Billionaire Who Bet Big on Cinemas Stung by Theater Shutdown
(DBN)

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Education:

50 Million Kids Can’t Attend School. What Happens to Them?
(DBN)

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Coal:

Longview coal plant, one of US newest, files for bankruptcy, again
(DBN)

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Hedge Funds:

Hedge Fund Hotshots Suffer Humbling Losses in Coronavirus Chaos
(DBN)

Emerging market hedge funds tanked last month — and it may get even worse
(DBN)

Credit-focused hedge funds double down after coronavirus sell-off
(DBN)

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Tech:

Apple cut to sell by Goldman Sachs as virus seen hurting demand for iPhone
(DBN)

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Agribusiness:

Idaho farm donates massive supply of potatoes amid a lack of demand due to the coronavirus
(DBN)

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New Bankruptcy Opinions
(3 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Chapter 7, 12 & 13 Private Trustee Locator
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Recent Ch. 11 Filings (5 new filings today)
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Recent Ch. 11 Adversary Proceeding Filings (0 new filings today)
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Bankruptcy Code (html) - Bankruptcy Code (pdf) Prior BK Codes (pick year from list) - Bankruptcy Rules
(large downloads)

UCLA-LoPucki Bankruptcy Research Database
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Chapter 11 Bankruptcy Case Studies
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Bankruptcy Jobs:

(1) (2) (3) (4) (5) (6) (7) (8)
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Seminars - (Contact us to list your seminar)

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Bankruptcy Statistics:

What A Historic Bankruptcy Boom Would Look Like
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Chapter 11 bankruptcies in New York at historic high
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Bankruptcy Strategy:

COVID-19: “Avoiding” Harm to Corporate Good Samaritans
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Bankruptcy Reform:

Expansion of The Small Business Reorganization Act
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Insurance:

Chubb CEO Warns Retroactive Measures Would ‘Bankrupt’ Industry Chubb CEO: Forcing insurers to pay pandemic losses is ‘plainly unconstitutional’
(DBN)

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Tax:

The most important coronavirus-related federal tax relief measures — including some that can result in hefty tax refunds
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Banking:

The ‘most patriotic thing’ big banks can do to fight the coronavirus recession is raise $200 billion and cancel dividends, Fed’s Kashkari says
(DBN)

‘This is going to hurt’ — pain is on the way for the four big U.S. banks
(DBN)

Morgan Stanley's first-quarter earnings plunged 30%, missing Wall Street's forecasts
(DBN)

HSBC CEO Tasks New Virus Unit to Deal With Corporate Failures
(DBN)

Jim Cramer: Banks ‘may need to say goodbye to their dividends’
(DBN)

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Television:

Starz sees 142% spike in new subscribers during coronavirus pandemic
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Aviation:

Aviation experts say airlines would be better off shutting down as pandemic saps demand
(DBN)

United Airlines to Receive $5 Billion from Federal Aid Program
(DBN)

United execs warn of 'tough decisions ahead,' stark industry outlook amid coronavirus
(DBN)

Airlines Plunge After United Warns of ‘Essentially Zero’ Demand
(DBN)

JetBlue Denied Refunds to Passengers Stranded Amid Pandemic, Federal Suit Claims
(DBN)

U.S. Treasury Sees Airline Loyalty Assets as Possible Collateral
(DBN)

Express Covid-19 testing may become the new norm before flying
(DBN)

Family replicates 15-hour flight canceled over coronavirus at home
(DBN)

Most JetBlue and Spirit Route Cuts Rejected by DOT Under Bailout
(DBN)

American Airlines' CEO said he has no idea when travel will get back to normal, as the coronavirus wrecks the airline industry around the world
(DBN)

Airlines Have the Cash. Now They Need Passengers
(DBN)

Budget airline may leave middle seats unbooked to lure passengers back after the pandemic
(DBN)

Airlines cheer government coronavirus aid but paint bleak demand picture
(DBN)

Airlines Are Finally Getting a Government Bailout. Here’s Why Their Stocks Are Falling.
(DBN)

Airlines on skeletal schedules; dire economic signals flash
(DBN)

Small planes and no business class: will flying ever be the same again?
(DBN)

Boeing to Resume Making Jetliners Next Week in Seattle-Area Hub
(DBN)

Suit accuses Southwest Airlines of balking at giving refunds for canceled flights
(DBN)

Emirates Airline Begins Conducting Rapid COVID-19 Tests For Boarding Passengers
(DBN)

Big airlines are flying 'ghost planes' stuffed with packages now that the demand for passenger flights has cratered Passenger Airplanes Serve Vital Cargo Links During Pandemic
(DBN)

Haunting photos of empty airports and planes at the height of the COVID-19 pandemic show the airline industry at its lowest point in decades
(DBN)

Bet On GE, Not Boeing, If You Believe In An Aviation Recovery
(DBN)

Areas reliant on aviation industry 'to suffer worst'
(DBN)

EasyJet faces anything from a boom to profit-less frustration
(DBN)

Flights to these cities could be dropped as bailed-out airlines seek service cuts
(DBN)

American Airlines leads shift to flying more with smaller jets in US
(DBN)

Qatar flies to the rescue, winning plaudits as virus halts aviation
(DBN)

Parking An Airplane? Here's What You Need To Know
(DBN)

Cathay Closes All U.S. Cabin-Crew Bases as Virus Damage Rages On
(DBN)

Ethiopian Airlines Will Turn to State if Crisis Lasts Until July
(DBN)

The Global Airline Shutdown Has a Surprise Victim: Gold Miners
(DBN)

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Newspapers:

Creditors move to buy McClatchy, opening door to bidders interested in the whole company
(DBN)

Hedge funds set bankrupt McClatchy's value at more than $300 million
(DBN)

Fury at emergence of rival bid for Jewish Chronicle
(DBN)

Deep newspaper job cuts prompt rare plea for federal funding to news media
(DBN)

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Politics:

Trump’s threat to adjourn Congress and make recess appointments, explained The Flaw in the President’s Newest Constitutional Argument
(DBN)

Most Americans Say Trump Was Too Slow in Initial Response to Coronavirus Threat
(DBN)

Mitt Romney is only GOP senator not placed on White House coronavirus task force
(DBN)

GOP Donors Get $569M to Build the Wall
(DBN)

Ivanka Trump breaks stay-at-home advice, travels to NJ ‘Big Marie Antoinette’: Ivanka Trump slammed for traveling after urging Americans to ‘please stay home’
(DBN)

Fox News Stars Cheer Protests Against Coronavirus Social-Distancing Orders
(DBN)

Texas AG Threatens Voting Rights Groups with Felony Charges for Pushing Vote-By-Mail
(DBN)

Trump may have delayed stimulus money for several days so that he could put his name on the checks. 6 struggling Americans told us what that extra time could mean for them.
(DBN)

The Shutdown Backlash Is Coming Soon—With a Vengeance
(DBN)

Trump names dozens of lawmakers to bipartisan task force
(DBN)

Michigan residents sue Governor Whitmer over coronavirus pandemic orders
(DBN)

Who will Joe Biden pick as his running mate? Here’s what Vegas betting odds show
(DBN)

Dems Who Flipped Trump Districts are Dominating GOP Rivals in Fundraising Democrats Outraised GOP Incumbents in Five Key 2020 Senate Races
(DBN)

Duncan Hunter's Campaign Spent Hundreds of Dollars on Food After He Pleaded Guilty
(DBN)

Coronavirus clobbers workers in 2020 swing states Michigan and Pennsylvania
(DBN)

Trump Says Pelosi to Blame For Deaths Over Chinatown Advocacy Trump wrongly accuses Pelosi of having 'parties in Chinatown' amid coronavirus crisis
(DBN)

Universal vote-by-mail doesn't benefit any political party, study finds
(DBN)

Fox News’ Worst Coronavirus Moments Honored In Scathing ‘Daily Show’ Poll
(DBN)

How Trump Is Doing vs. the Coronavirus, According to Republicans
(DBN)

Bill Gates, at Odds With Trump on Virus, Becomes a Right-Wing Target
(DBN)

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Sovereigns:

Poor-Country Debt-Relief Talks Missing One Player: Bondholders
(DBN)

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UK:

UK extends coronavirus lockdown measures by at least three weeks U.K. Extends Lockdown 3 Weeks, With No Clear Exit Strategy UK’s Five Tests to Lift the Lockdown Revealed, as Measures Extended Another Three Weeks
(DBN)

"Up To Two Years" After Coronavirus Lockdown Before U.K. Is Back To Normal
(DBN)

Twice as many men in the UK are dying with coronavirus as women, and often at a younger age
(DBN)

UK hospitals warn patients at risk due to shortage of gowns
(DBN)

Social care sector warns of collapse without government funding
(DBN)

UK will refuse any EU offer to extend Brexit transition
(DBN)

Scottish pubs and restaurants already under pressure before outbreak, says insolvency expert
(DBN)

Virus Tipped 15,000 U.K. Firms Into Distress in First Quarter
(DBN)

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EU:

Macron Says Fiscal Transfers Needed If the EU Is to ‘Hold On’
(DBN)

Coronavirus’s Relentless March in Europe Clouds Reopening Plans
(DBN)

European Banks Seek to Avert Stashing Billions for Soured Loans
(DBN)

European Banks Hold $13 Billion of Junk Debt They Can’t Wait to Sell
(DBN)

European Car Sales Drop Most on Record With Showrooms Closed
(DBN)

The ECB Is Back on the Front Line of Crisis
(DBN)

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PIIGS:

Venice creeps back to life after virus lockdown
(DBN)

Italy sees a glimmer of hope in its high rate of coronavirus infections — more people whose antibodies might be used to treat those still hospitalized
(DBN)

Italy Reports Highest New Virus Infections in Four Days
(DBN)

Portugal Sees ‘Significant’ Drop in GDP Before Recovery in 2021
(DBN)

Spain to Launch ‘Minimum Living Wage’ for Poorest In May
(DBN)

Spain’s New Coronavirus Cases Rise by Most in More Than a Week
(DBN)

Barcelona Mayor Calls for Spain's Strict Coronavirus Lockdown to End
(DBN)

In Spain, Children Still Can’t Go Outside
(DBN)

Humbled Greeks Show the World How to Handle the Virus Outbreak
(DBN)

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Canada:

Canada’s Pension Funds Prepare for Post-Virus World
(DBN)

Trudeau Widens Covid Aid Package to Include More Small Businesses
(DBN)

Trudeau: Canada-U.S. Border to Remain Closed for 'Significant Time'
(DBN)

Canadian Farmers Threaten to Sit Out Season
(DBN)quin

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China:

China’s Wuhan raises coronavirus death toll by 50% after city revises figures
(DBN)

US investigating if COVID-19 came from Chinese lab Pentagon Chief Addresses Reports That Coronavirus Was Engineered in China Everything we know about the Wuhan lab that may have unleashed coronavirus
(DBN)

China Responds To Reports It Waited Six Days To Act On Outbreak In Wuhan
(DBN)

12 experts on how the US should hold China accountable for the coronavirus
(DBN)

No ‘Business As Usual’ With China After Coronavirus, U.K. Says
(DBN)

Russia Defends China's Record on Coronavirus Response Amid U.S. Attacks
(DBN)

China says its economy shrank by 6.8% in the first quarter as the country battled coronavirus China's economy contracts for first time since at least 1992
(DBN)

Calls for More China Stimulus Grow Louder as Economy Contracts
(DBN)

China’s economic recovery tied to how others fare in recession: Australia’s ex-PM
(DBN)

China’s Glimpse of the Future Isn’t Pretty
(DBN)

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Singapore:

Singapore Reports Record 728 New Covid-19 Cases; None Imported
(DBN)

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Turkey:

With weekend lockdowns and age-specific restrictions, Turkey takes a different coronavirus approach
(DBN)

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Japan:

About Half of Japan’s Companies Leave Holes in Results Forecasts
(DBN)

Japan Scrambles to Give $926 to Everyone in Nationwide Emergency
(DBN)

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Denmark:

Danish Parliament Agrees to Broaden Re-Opening to Courts and Some Small Businesses
(DBN)

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Norway:

Norway Launches Virus App to Keep Contagion Under Control
(DBN)

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Venezuela:

Oil-rich Venezuela is running out of gas
(DBN)

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MENA:

Coronavirus could cause upheaval across Middle East - Red Cross
(DBN)

Lebanon Says It’s In Contact With IMF Over Proposed Rescue Plan
(DBN)

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Austria:

Austria responded fast and decisively to its coronavirus outbreak, and is now starting to open up again. Here is exactly what happened.
(DBN)

Austrian shops deserted as people stay away despite lift of lockdown
(DBN)

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France:

Hector Arroyo joins Baker McKenzie as a Partner in Restructuring
(DBN)

France’s Virus Cases Climb by 17,164 to More Than 165,000 France New Coronavirus Deaths Fall; Fewer Patients in Hospital
(DBN)

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Germany:

German Cases Rise at Faster Pace Though Key Spread Gauge Drops German Coronavirus Cases Rise at Faster Pace for a Second Day
(DBN)

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Switzerland:

Bankruptcy laws eased for Covid-affected companies
(DBN)

Swiss to fine "shopping tourists" who flout coronavirus border curbs
(DBN)

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Australia:

Australia to retain coronavirus curbs for at least another four weeks
(DBN)

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Russia:

Bank of Russia Hints at Big Rate Cut to Prop Up Crashing Economy
(DBN)

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Argentina:

Argentina Seeks to Cut Foreign Bond Interest Payments by 62% Argentina makes an offer to restructure $83bn in debt
(DBN)

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New Zealand:

New Zealand Seeks to Wipe Out Virus After Early Lockdown Success
(DBN)

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