April 28, 2020

The Daily Bankruptcy News

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Law:

Utah’s high court proposes nonlawyer ownership of law firms and wide-ranging reforms
(DBN)

Reed Smith Partners Taking Another COVID-19 Financial Hit
(DBN)

Am Law 100 Firm Makes Second Round Of COVID-19 Austerity Measures, Slashing Salaries
(DBN)

Why More Firms Should Cut Salaries Sooner Rather Than Later
(DBN)

Salary Cuts Come To One Of Vault’s Best Law Firms To Work For In New York
(DBN)

Baker Botts Announces ‘Collective Sacrifice’ As Part Of COVID-19 Response
(DBN)

Shearman & Sterling Rolls Out COVID-19 Austerity Measures
(DBN)

The Best Law Schools In The World (2020)
(DBN)

For Heaven’s Sake, Put On Pants And Give The Kids An Ambien Before Your Virtual Cap. Intro. Call
(DBN)

Latham Adds Prominent Restructuring & Special Situations Partner in New York Latham Adds Leader of O’Melveny’s U.S. Restructuring Group
(DBN)

7 Ways The Pandemic Will Forever Change Law Practice
(DBN)

California bar exam will be postponed and administered online
(DBN)

Trials and tiaras: How do pageant winners fare as lawyers?
(DBN)

A historic Second Amendment showdown in the Supreme Court dies with a whimper
(DBN)

McConnell Demands Liability Protections in Next Coronavirus Bill
(DBN)

Bad News: New York Bar Exam Results Are Out (February 2020)
(DBN)

The Big Problem With Biglaw Mental Health Initiatives
(DBN)

Supreme Court Decides It’s Not ‘Terrorism’ To Let People Access State Law For Free
(DBN)

The US has abandoned asylum seekers in Mexico during the coronavirus pandemic
(DBN)

SCOTUS Desperately Seeks Lifeline To Avoid Pissing Off Trump In Tax Cases
(DBN)

High Court Orders New Briefs in Trump Financial Record Case Legal Experts Say Supreme Court’s Order in Tax Return Controversy Signals Bad News for Trump
(DBN)

Michael Flynn Hammered for Deleting 'Guilty Plea' Tweet to Match His Real Life Plea Withdrawal
(DBN)

Trump Faces Test of Power in Court Clash Harking Back to Nixon
(DBN)

Lawyer who did work for NRA wins appeal of sanctions ruling
(DBN)

Justice Kavanaugh Is Eager to Address Rollback of Second Amendment Rights in Upcoming Cases
(DBN)

Voting rights for people in jail is becoming another casualty of COVID-19
(DBN)

One Miami jail has 159 inmates positive for coronavirus as contagion spreads behind bars
(DBN)

Hannity Hires Trump Lawyer to Threaten Lawsuit Over New York Times's 'False' Coronavirus Narrative
(DBN)

‘Bad Education’ — How To Justify School Fraud
(DBN)

Teacher Wished Death on Teens Playing at a Park During Pandemic: ‘You’re the Idiot Doing the Wrong Thing’
(DBN)

2 Women Allegedly Committed Robbery by Coughing a Lot, Saying They Had COVID-19
(DBN)

Maskless Woman Allegedly Fearful of COVID-19 Pepper-Sprayed People on an Elevator
(DBN)

She Was Falsely Accused of Starting Virus
(DBN)

Illinois Judge Rules Against State’s Stay-at-Home Order
(DBN)

Barr Names a Team to Act If Strict Virus Limits Violate Rights Barr to prosecutors: Act on lockdown rules that violate Constitution
(DBN)

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Judges:

Bankruptcy Judge Barbara J. Houser Named ABI President
(DBN)

U.S. Courts Weigh Post-Virus Reopening Keyed to Conditions
(DBN)

Judiciary Prepares for Gradual Reopening During COVID-19, but Tells Courts to Heed Local Officials
(DBN)

In unusual lineup, SCOTUS rules annotations in Georgia state code can’t be copyrighted Sharply divided bench rejects Georgia’s copyright in annotations of Georgia statutes
(DBN)

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Wall Street:

Stocks are set to add to Monday’s gains with Dow futures up more than 300 points
(DBN)

Dow climbs for a 4th straight day as major economies move toward reopening Global stocks jump after Japan ramps up economic stimulus and governments look to ease lockdowns
(DBN)

Expert who called the 2008 crisis says the signal to sell stocks is coming soon
(DBN)

Wall Street Quants Are Turning Their Skills to the Virus Fight
(DBN)

______________

Layoffs:

Airline SAS Slashes 5,000 Permanent Jobs
(DBN)

Coronavirus Layoffs: MGM Studios, Enterprise Holdings Latest To Cut Workers Amid Pandemic
(DBN)

Recessionary Discrimination May Be On The Horizon
(DBN)

Pa. hotels lay off hundreds of workers due to coronavirus pandemic
(DBN)

Rental car agencies hit with over 700 layoffs in NC as coronavirus halts travel
(DBN)

______________

Politics:

Democratic Senate campaign arm hits McConnell over state bankruptcy comments in new ad
(DBN)

Leader of Reopen N.C. Protests Tested Positive for COVID-19; Refused to Say If She Attended Crowded Rallies
(DBN)

California Activists Fight Stay-at-Home Order to Hold Protests
(DBN)

White House Tells Federal Agencies to Prepare for New President
(DBN)

Trump campaign lashes out over 'Don't defend Trump' memo
(DBN)

Joe Biden Would Beat Donald Trump in the General Election, Polling Shows
(DBN)

Howard Stern Questions Who Would Vote for Trump After Disinfectant Remarks
(DBN)

Trump Denies Responsibility for Injecting Disinfectants Comments
(DBN)

Trump Was Warned Repeatedly About the Coming Coronavirus
(DBN)

House Launches Probe of WHO Aid Cutoff
(DBN)

Congress Returns May 4
(DBN)

Freed of briefing duty, wounded Trump airs full collection of grievances on Twitter, retweeting claim of 'coup attempts'
(DBN)

Trump looks to Hope Hicks as coronavirus crisis spills over
(DBN)

Trump accuses Fox News of spreading Democrat talking points Trump blasts Fox News, says he wants an "alternative" network
(DBN)

260,000 Words, Full of Self-Praise, From Trump on the Virus
(DBN)

Trump keeps using “sarcasm” to explain away his embarrassing statements
(DBN)

New York cancels its June 23 presidential primary New York is the first state to cancel a presidential primary over coronavirus concerns New York Scraps State Primary Due to Uncontested Races No, N.Y. Decision to Cancel Primary Doesn't Mean Trump Can Cancel the November Election
(DBN)

A psychologist explains why people cling to conspiracy theories during uncertainty and after traumatic events
(DBN)

A former neighbor of Joe Biden's accuser Tara Reade has come forward to corroborate her sexual assault account, saying Reade discussed the allegations in detail in the mid-1990s Third Person Backs Tara Reade’s Sexual Assault Allegation Against Joe Biden Senate Democrats Refuse To Acknowledge Sexual Assault Accusations Against Joe Biden
(DBN)

Chuck Schumer proposes 'No PR Act' to prevent Trump and Pence's names from appearing on stimulus checks
(DBN)

Want a mask contract or some ventilators? A White House connection helps
(DBN)

AP-NORC poll: Rising support for mail voting amid pandemic
(DBN)

Maryland prepares for unprecedented test of mail-in voting amid pandemic
(DBN)

Kobach and Trump’s Spectacular Voter-Fraud Failure
(DBN)

Why are people bringing guns to anti-quarantine protests? To intimidate.
(DBN)

____________

Healthcare:

Coronavirus is decimating America’s primary care practices
(DBN)

Astria Health to reorganize, not sell, as the coronavirus affects markets
(DBN)

A senior NYC doctor died by suicide after weeks of working on the coronavirus front lines, where her patients suffered heavily
(DBN)

Supreme Court says federal government must pay health insurers billions A Republican effort to sabotage Obamacare was just rejected by the Supreme Court
(DBN)

Stay-at-home measures have led to a massive uptick in the number of US physicians using telemedicine
(DBN)

Chart: The coronavirus pandemic, state by state
(DBN)

Today's country-by-country coronavirus stats: The US and UK are stuck on a plateau, and it looks like bad times ahead for Canada and Sweden How the US stacks up to other countries in confirmed coronavirus cases
(DBN)

A group of scientists, billionaires, and Nobel Prize winners, well-connected to the Trump administration, are secretly researching controversial coronavirus treatments and expedited vaccines
(DBN)

The Rise and Fall of a Potential Wonder Drug
(DBN)

Trump Looks to Sideline Virus Experts
(DBN)

Cuomo wishes he "blew the bugle" sooner on coronavirus
(DBN)

Bill Gates: Nationalism worsened gov't response to COVID-19
(DBN)

Coronavirus deaths likely much higher than official tolls U.S. deaths soared in early weeks of pandemic, far exceeding number attributed to covid-19
(DBN)

Study of twins reveals genetic effect on Covid-19 symptoms
(DBN)

Virus Likely to Keep Coming Back Each Year, Say Chinese Scientists
(DBN)

Most Americans Who Carry the Coronavirus Don’t Know It
(DBN)

New York Finds 14.9% Infection Rate in Expanded Antibody Study
(DBN)

Coronavirus Cases in Tennessee Have Biggest One Day Increase
(DBN)

10 U.S. States Have Now Reached 1,000 Coronavirus Deaths
(DBN)

Half of People in New York City Know Someone Who Has Died From Coronavirus
(DBN)

European Nation With Least Virus Deaths Proves Speed Is Key
(DBN)

Coronavirus Lingers in Air of Crowded Spaces, New Study Finds
(DBN)

Survey: 1 In 10 Americans Believe U.S. Government Created Coronavirus
(DBN)

Vaccine Could Potentially Be Available Later This Year, Coalition Says
(DBN)

NYC to Close 40 Miles of Streets to Give Walkers More Space
(DBN)

Doctors identify serious coronavirus-related condition among children
(DBN)

Some of California's beaches are closed, but not all of them — and photos of crowds on the open beaches during this weekend's heat wave show just how problematic that may be
(DBN)

'Americans are right to be skeptical of this': Coronavirus contact tracing could threaten privacy, employment, and health resources say some experts
(DBN)

Number of coronavirus cases aboard deployed US Navy destroyer more than doubles over the weekend
(DBN)

____________

Agribusiness:

2 million chickens will be euthanized at a single plant as the coronavirus puts the US on the brink of a meat shortage
(DBN)

Small farmers face "absolute disaster" from coronavirus
(DBN)

Farmers: Another $18Bn in Aid Not Enough
(DBN)

____________

Retailing:

Frustrated customers at Kay, Zales, and Jared say their wedding and engagement rings are stuck in 'jewelry jail' due to coronavirus-related store closures
(DBN)

Expect thousands of retail businesses to likely file for bankruptcy: Former Sears Canada CEO
(DBN)

Retail Bankruptcies Could Impact Industrial Supply and Rents
(DBN)

Apple Retail Chief Sees ‘Many More’ Store Reopenings in May
(DBN)

Stores Begin to Reopen in Rural America
(DBN)

Bed Bath & Beyond converts 25% of its stores into regional fulfillment centers
(DBN)

Trader Joe's reveals why it refuses to offer grocery pickup or delivery, even as people beg the chain to make changes
(DBN)

Modell's Utilities Decry Unpaid Bills As Attys Pocket Fees
(DBN)

Major Retailers Call on States to Adopt Uniform Reopening Plans
(DBN)

Lord & Taylor quietly deleted its Instagram and Twitter accounts amid reports the department store is eyeing bankruptcy options
(DBN)

10 unlikely items that are flying off the shelves during the coronavirus pandemic
(DBN)

Neiman Marcus investors push for sale as bankruptcy looms; see Hudson’s Bay Co as buyer Neiman Marcus Investors Reportedly Pushing for a Sale Rather Than Bankruptcy
(DBN)

Matalan Bondholders Hire Advisers as Retailer Seeks Funding
(DBN)

Guitar Center Debt Restructuring Looms After Skipped Payments
(DBN)

____________

Hotels:

Hotels: Occupancy Rate Declined 64.4% Year-over-year; 4-Week Average at All Time Record Low
(DBN)

____________

Nursing Homes:

National Guard to provide aid for nursing home inspections
(DBN)

Nursing Home Death Should Trouble Everyone
(DBN)

____________


Economy:

Dallas Fed: "Contraction in Texas Manufacturing Sector Worsens", Record Low Activity Index Oil Collapse, Demand Drop Drive Slump in Texas Manufacturing
(DBN)

After coronavirus, the U.S. will ‘never return to free-market capitalism as we knew it,’ says Guggenheim’s Minerd
(DBN)

Distancing at Reopened Offices Will Mean Long Elevator Lines
(DBN)

The World’s Economic Visionaries Can't See Past Tomorrow
(DBN)

No Junk Debt Is Too Risky: How Fed’s Bailout Changed Everything
(DBN)

'Bond King' Jeff Gundlach slammed coronavirus bailouts for companies that piled on debt to fund share buybacks
(DBN)

Trump economic adviser warns US GDP could plummet 30% this quarter as unemployment spikes to Great Depression levels
(DBN)

The ‘Great Repression’ is here and it will make past downturns look tame, economist says
(DBN)

Pandemic triggers a wave of distress, bankruptcy in Corporate America
(DBN)

Guggenheim’s Minerd Says Economic Recovery May Take Four Years
(DBN)

Nearly 350,000 People in Nevada Have Filed for Unemployment, Sets State Rec
(DBN)

Alternative investment firms explicitly barred from PPP loans
(DBN)

There's no end in sight to coronavirus stimulus spending
(DBN)

Senate to Reconvene May 4 to Address Coronavirus Needs
(DBN)

Global $6 Trillion Slump May Be Optimistic, Warns Bloomberg Economics
(DBN)

Fed Would Be Foolish to Take Rates Below Zero
(DBN)

Axios-Ipsos Coronavirus Index, Week 7: Americans fear economic collapse
(DBN)

Main Street America Clings to Life
(DBN)

Trump used his latest coronavirus briefing to push a bizarre lie about the deficit
(DBN)

See Which States Are Reopening and Which Are Still Shut Down Texas Reopening Businesses on Friday With 25% Occupancy Limit Balancing Lives With Livelihoods as Major Economies Look to Reopen San Francisco's shelter-in-place order is 'very likely' to be extended past May 3, Mayor London Breed said States start to reopen, ending coronavirus lockdowns; gyms again in Georgia and sporting goods in South Carolina NJ stay at home order continued indefinitely 6 Bay Area counties extend stay-at-home orders through May On the road to Las Vegas, rural residents think coronavirus fears are overblown All retail stores, restaurants, movie theaters can open Friday, Abbott says Texas governor to allow stay-at-home order to expire on April 30 White House urges reopening despite outbreaks at warehouses DeSantis Says Florida Reopening Pace May Differ by Region In South Dakota, we never closed down - but doctors like me wish we would The US is not even ‘remotely’ ready to re-open for business, says outbreak preparedness expert
(DBN)

Why Researchers Fear a Second Wave
(DBN)

Biden urges expanded coronavirus testing as some states begin to reopen White House releases coronavirus testing strategy — and claims most of its work is done Optimism over phased reopenings is tempered by continued concerns over inadequate testing U.S. Plans Expansion of Testing at CVS, Other Retail Locations White House Issues Virus Testing Strategy After Criticism Only way to get back to normal this summer is to test everyone in U.S., says Nobel prize winning economist U.S. Floats Doubling Up Antibody Tests to Improve Accuracy US Can Already Test Millions for Coronavirus
(DBN)

Recovery Tracker Dials Up Faster Data to Gauge Depth of Downturn
(DBN)

Stimulus checks need to arrive faster so Americans can get all the coronavirus money Washington has promised
(DBN)

Americans need more than a $1,200 check, says Stockton, Calif., mayor, who calls a guaranteed basic income the stimulus we deserve House Speaker Nancy Pelosi opens the door to guaranteed income for Americans, saying it's 'worthy of attention'
(DBN)

Americans are choosing to save, not spend, their stimulus checks
(DBN)

Ohio unemployment fund going from insolvent to broke. What happens next?
(DBN)

Backlash grows as pandemic relief stumbles
(DBN)

Chase is warning PPP applicants about backlogs ahead of the latest stimulus package
(DBN)

PPP Loan Fees for Banks
(DBN)

U.S. Loans Didn’t Flow to Businesses Most at Risk, Study Shows
(DBN)

Lakers say they've repaid federal loan meant to help small businesses
(DBN)

Why Not-So-Small Businesses Benefited From Small-Business Rescue
(DBN)

Extra Relief Aid for Small Business Is Coming With Same Concerns
(DBN)

The geographic inequity of small business coronavirus aid
(DBN)

Volume of loan applications doubles in second round of PPP
(DBN)

Mitch McConnell’s rediscovery of the deficit is a recipe for a depression
(DBN)

Pandemic Watchdog Activates Site to Track Trillions in Spending
(DBN)

5 lessons about inequality in America revealed by the coronavirus crisis
(DBN)

$8,000 rentals. Private jets. How the super-rich escape the coronavirus pandemic
(DBN)

Welcome back, cubicles? Longtime Silicon Valley CEO says coronavirus could kill the open office
(DBN)

Halt destruction of nature or suffer even worse pandemics, say world’s top scientists
(DBN)

Texas regulators approve fund to help strapped Texans pay for electricity
(DBN)

Businesses Push to Delay Minimum Wage Hikes Secured by Democrats
(DBN)

College Graduates May End Up Delivering Your Milk Tea
(DBN)

Small essential businesses at the coronavirus epicenter change business models to keep employees
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Non-Residential Lease Default Workouts, Security Deposits and Bankruptcy
(DBN)

With May rent looming, some Seattle tenants eye ‘rent strikes’ as coronavirus continues to upend lives With Millions Unable to Pay for Housing Next Month, Organizers Plan the Largest Rent Strike in Nearly a Century 'Can't Pay May' Is a New York Rent Strike Hoping to Force Governor Cuomo to Cancel Rent Rent madness: Telling people not to pay risks disaster Landlords on the pandemic: 'Everyone has an impression of us as rich and greedy'
(DBN)

What happens after Oregon's commercial eviction ban lifts?
(DBN)

Fannie-Freddie Won’t Require Lump-Sum Forbearance Repayments
(DBN)

____________

Municipalities:

Cuomo praises Kentucky governor for standing up to McConnell on bankruptcy for states
(DBN)

Inside the idea of state bankruptcy
(DBN)

Mitch McConnell Has No Idea What Bankruptcy Actually Means
(DBN)

Trump throws shade at ‘poorly run states’ seeking aid, as McConnell floats bankruptcy option Trump: Feds Shouldn't Save States, Cities
(DBN)

Letting state governments go bankrupt is a terrible idea
(DBN)

Trump Questions Whether U.S. Should Aid ‘Democrat’ States
(DBN)

State funding fight underscores Schumer-McConnell war
(DBN)

Michigan Gov. Whitmer: McConnell's bankruptcy vision for states is 'height of irresponsibility'
(DBN)

Mitch McConnell's state bankruptcy idea may be 'dumb' but it isn't stupid
(DBN)

McConnell's Kentucky has been getting federal bailout money for years
(DBN)

Senator McConnell clarifies State 'bankruptcy' comments, sees possible aid
(DBN)

Federal Reserve expands emergency coronavirus aid program to more cities and counties
(DBN)

'Bankruptcy' Could Benefit States Like Illinois
(DBN)

Why Illinois Is In Trouble – 109,881 Public Employees With $100,000+ Paychecks Cost Taxpayers $14B
(DBN)

For Houston, a One-Two Punch: ‘It’s Going to Be Devastating’
(DBN)

NYC Bondholders Pricing In Downgrades on Worst Crisis in Decades
(DBN)

____________

Oil/Gas:

Rejection of Gathering Agreements in Chapter 11
(DBN)

Oil drops 8% on storage capacity fears and weak demand, futures were down as much as 20% Oil prices continue to tank as storage fears persist, and commodity giant BP warns of a shock 'on a scale never seen before'
(DBN)

Diamond Offshore sues Australia's Beach Energy for terminating drilling contract
(DBN)

Diamond Offshore CEO Talks Bankruptcy
(DBN)

BP Profit Plunges, Debt Rises on Effects of Coronavirus Pandemic
(DBN)

Two prominent Wyoming gas drillers in financial peril
(DBN)

Hess, Occidental Petroleum were bankrupt Diamond Offshore's biggest customers in 2019
(DBN)

Oklahoma asks Trump to declare coronavirus an 'act of God' to help oil producers
(DBN)

Oil industry faces more troubled seas
(DBN)

U.S. Oil Producers Begin Storing Crude in Strategic Reserve
(DBN)

Here’s why there are more oil bankruptcies ahead
(DBN)

Oil slumps below $13 on glut while producers start cuts U.S. oil price plunges nearly 30% to trade below $13 a barrel to start another punishing week Oil slumps 30%, ending 3-day winning streak as global oversupply outweighs production cuts
(DBN)

Goldman Sachs: Global oil storage could be maxed out in just 3 weeks, driving 'substantial volatility'
(DBN)

Oil ETF wreaks havoc on crude market in wake of sub-zero prices
(DBN)

____________

Personal Finance:

My fiancé and I lost our jobs and then our apartment because of the coronavirus crisis. This is what it's like trying to survive and social distance living in our car in LA.
(DBN)

Here's what to do if you are uninsured during the COVID-19 pandemic, according to 2 healthcare providers
(DBN)

____________

Coal:

In Global Electricity Slump, Coal Is the Big Loser
(DBN)

____________

Banking:

April 2020: Unofficial Problem Bank list Decreased to 64 Institutions
(DBN)

Swiss bank UBS reports 40% profit increase amid pandemic
(DBN)

____________

Religion:

A Virginia preacher believed ‘God can heal anything.’ Then he caught coronavirus.
(DBN)

____________

Sports:

NBA to allow some training facilities to reopen on May 8
(DBN)

SBA program reopens with new glitches, new scrutiny after NBA franchise returns loan funds
(DBN)

Tokyo Head Sees Olympics Canceled if Virus Isn’t Under Control
(DBN)

____________

Fraud:

CenturyLink Is Accused of Running a Wells Fargo-Like Scheme
(DBN)

College Scammer Says He Didn’t Know a Quid Pro Quo Was a Bribe
(DBN)

____________

Mail:

Trump Holds Postal Service Hostage to Settle Amazon Score
(DBN)

Sanders knocks aid for cruise line while Postal Service flounders
(DBN)

____________

Newspapers:

Most newspapers not eligible for stimulus loans, says report
(DBN)

____________

Movie Theaters:

When Movie Theaters Reopen, COVID May Bump Up Elusive Weekday Attendance
(DBN)

Owner of CMX Cinemas files for bankruptcy, hopes to get help from landlords
(DBN)

____________

Student Debt:

Woman Discovered the Hard Way that ECMC Student Loans Can Really Suck But Gets Bankruptcy Discharge
(DBN)

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Mass Torts:

Bayer cites pending liquidity issues
(DBN)

____________

Education:

Why COVID-19 Will Make It Tougher For Rural Students To Go To College
(DBN)

____________

Cannabis:

United Cannabis Corp.’s Chapter 11 Filing Provide Another Test Case for Industry
(DBN)

United Cannabis Chapter 11 Bankruptcy: Plant-Touching Litmus Test
(DBN)

Will United Cannabis be allowed to use Chapter 11 of the Bankruptcy code?
(DBN)

‘Precipitous’ Decline In Hemp And Cannabis M&A Continuing Amid COVID-19 Pandemic
(DBN)

____________

Corporate Governance:

Board Financial Oversight Responsibilities During Pandemic-Driven Distress
(DBN)

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New Bankruptcy Opinions
(4 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

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

Recent Ch. 11 Adversary Proceeding Filings (9 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)

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Bankruptcy Statistics:

Bankruptcy Courts Report Fewer Filings Despite Coronavirus. but There Is Fear the Water's Drawing Back Before a Tsunami
(DBN)

Bankruptcy filings, foreclosures expected to surge in coming months
(DBN)

Weekly Bankruptcy Claims Trading Activity
(DBN)

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Finance:

Bankrupt San Antonio-area business sues SBA over rejected coronavirus relief loan
(DBN)

SBA Issues New Guidance on Eligibility of Certain Businesses to Participate in Paycheck Protection Program
(DBN)

Priming debt, the new equity injection?
(DBN)

____________

Tax:

Tax Implications of Debt Restructuring and Workouts During Difficult Times
(DBN)

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Bankruptcy Strategy:

Can You Take Advantage of Distressed Situations?
(DBN)

____________

Aviation:

JetBlue Will Require Customers to Cover Their Faces for Travel JetBlue is requiring all passengers to wear a mask throughout their journey, the first US airline to do so
(DBN)

Airlines like American and United don't have concrete plans to ensure social distancing as passengers return to crowded flights
(DBN)

Airlines Borrow $31 Billion to Weather Pandemic Blow to Travel
(DBN)

Southwest Airlines posts first loss since 2011, sees revenue down as much as 95% in May
(DBN)

TSA checkpoint travel numbers
(DBN)

Boeing Is Grounded in More Ways Than One
(DBN)

Boeing Plans to Restart South Carolina 787 Operations Next Week
(DBN)

Airbus Furloughs Staff at U.K. Site in Bid to Stem Cash Drain
(DBN)

Virgin Australia Bondholders in Discussions With Hogan Lovells
(DBN)

AirAsia trials PPE suits for cabin crew
(DBN)

Lufthansa still considering protection from creditors: company source Berlin government, Lufthansa pursue rescue deal - sources Lufthansa CEO Says Has No Plan to Sell Brussels Airlines: VRT Germany Prepares to Take Stake in Lufthansa in Bailout
(DBN)

German Leisure Airline Condor Secures Yet Another Government-Backed Loan To Keep Afloat
(DBN)

Argentina bans all commercial flights until September 1
(DBN)

The New-Look Norwegian Airline Will Have Fewer Planes, Fewer Routes From 2022
(DBN)

Turkey Considers Restart to Economy With Domestic Flights in May
(DBN)

SAS Slashes 5,000 Jobs in Most Drastic Cut at a European Airline
(DBN)

Ravn’s bankruptcy leaves medical transport vacuum in rural Alaska
(DBN)

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Autos:

GM suspends its quarterly dividend and share buybacks to help navigate around coronavirus uncertainty GM Suspends Dividend, Stock Buyback Program To Preserve Cash
(DBN)

GM, Ford, Fiat Chrysler Targets May 18 For U.S. Restart
(DBN)

GM CEO Mary Barra Takes Small Pay Cut in Year Marred By Strike
(DBN)

Tesla’s restart threatened by Bay area extending health orders
(DBN)

Nissan Warns of Lower Profits, Delays Earnings Report to May 28
(DBN)

EU Restarts Car Factories in Uncertain Times
(DBN)

____________

Utilities:

Some PG&E Fire Victims Cite ‘Irregularities’ in Bankruptcy Plan
(DBN)

PG&E Fire Victims Blame Lawyers for Skewing Bankruptcy Exit Vote
(DBN)

Lawyer Questions Fairness of Voting on PG&E Bankruptcy Plan
(DBN)

____________

Food/Beverage:

For a Glimpse at What Reopening Looks Like, Head to Waffle House
(DBN)

Tyson says 'millions of pounds of meat will disappear' as more than 1,180 workers catch COVID-19, slaughterhouses shutter, and workers kill and discard unsold chickens 'The food supply chain is breaking,' Tyson says as plants close
(DBN)

3 of the top fine-dining restaurateurs discuss getting their businesses through the pandemic and what the future holds for their industry
(DBN)

Bankrupt Borden Dairy and Dean Foods bondholders propose merger
(DBN)

Ex-NORPAC official claims executives got bonuses during bankruptcy
(DBN)

Can Europe’s restaurants survive the coronavirus lockdown?
(DBN)

____________

UK:

Thousands of UK retail workers are being furloughed as the coronavirus pandemic rages on. Here's who has been impacted.
(DBN)

Brits are Now Ignoring Shelter in Place Too
(DBN)

Boris Johnson pledges to ‘fire up the engines of this vast U.K. economy’ on first day back after surviving coronavirus
(DBN)

U.K. Calls for ‘Political Movement’ From EU in Post-Brexit Talks
(DBN)

U.K. Reports 360 New Coronavirus Hospital Deaths, Lowest Since March 28
(DBN)

HSBC Warns Credit Losses May Swell to $11 Billion This Year
(DBN)

Marks & Spencer Cancels Dividend as Retailers Preserve Cash
(DBN)

U.K. Women, Young and Low-Paid Are Most Exposed to Virus Whammy
(DBN)

____________

EU:

Europe Seeks Safe Revival of Tourism Before Summer Season
(DBN)

Goldman Predicts ECB Policy Boost After Fiscal Plans Fall Short
(DBN)

EU Power Use Rises for First Time Since Virus Lockdown
(DBN)

Europe relaxes virus curbs and hopes it doesn’t have to retreat
(DBN)

National Zombies, Not Champions, May Be Result of EU Bailouts
(DBN)

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PIIGS:

Spain, France to Ease Virus Curbs as Europe Seeks to Exit Crisis
(DBN)

Portugal May Require Masks in Public When It Eases Confinement
(DBN)

Greece to Gradually Start Lifting Lockdown Measures on May 4
(DBN)

Spain Reports Slight Increase in Virus Deaths as Easing Starts
(DBN)

A Tired and Stumbling Conte Struggles to Exit Italy’s Lockdown
(DBN)

Italy Is Leaving Its People in the Dark
(DBN)

Italy’s Aid Money Is Finally Starting to Trickle to the Economy
(DBN)

Italy Has Lowest Number of New Virus Infections in Seven Weeks
(DBN)

New Guidance on Virtual Creditors Meetings
(DBN)

Greece spent 10 years thinking things couldn’t get worse, then the virus hit
(DBN)

____________

Canada:

PM Trudeau says COVID-19 will change life in Canada for 'years'
(DBN)

Malls face catastrophic hit in Canada with unpaid rent surging
(DBN)

Ontario Lays Out Plan to Restart Economy as Covid Oubreak Peaks
(DBN)

____________

New Zealand:

Ardern: New Zealand has 'won battle' against community transmission of Covid-19
(DBN)

New Zealand Economy Gets Back to Work as Ardern Eases Lockdown
(DBN)

____________

Singapore:

Hin Leong Bust Latest to Mar Singapore’s Oil Trading Haven
(DBN)

Singapore Faces Wage Cuts as Businesses Curb Costs, Central Bank Says
(DBN)

____________

Germany:

Germany Forecasts 6.3% Contraction This Year on Virus Hit
(DBN)

Germany’s New Virus Cases Drop Below 1,000, Deaths Accelerate
(DBN)

German employment survey plummets to historic low as coronavirus crisis hits
(DBN)

____________

Sweden:

Sweden is shutting down bars and restaurants where people defied social distancing guidelines
(DBN)

____________

Japan:

How hostess bars and cherry blossoms helped undermine Japan's coronavirus response
(DBN)

____________

China:

China’s Bank Bailouts Are Even Scarier Than They Look
(DBN)

Controversial Wuhan Lab Experiments May Have Started Coronavirus Pandemic China Is Censoring Research on COVID-19 Origins, Deleted Web Page Suggests
(DBN)

Luckin Offices Raided by Chinese Regulators as Scandal Widens
(DBN)

China Debt May Implode Emerging Markets
(DBN)

____________

Hong Kong:

Hong Kong Preparing to Re-Open Public Facilities, Leader Says
(DBN)

____________

Argentina:

Carmen Reinhart Says Argentina’s Debt Workout Won’t Be Its Last
(DBN)

____________

Russia:

Russia Coronavirus Cases Overtake China
(DBN)

____________

France:

French Unemployment Surges at Record Pace in March
(DBN)

France Reports the Most New Coronavirus Cases Since April 18
(DBN)

French Virus Debt Could Create Another Italy
(DBN)

____________

South Africa:

With Welfare Repayment Looming, Net1 Seeks Bankruptcy Protection For Unit
(DBN)

____________

India:

Future Of Mediation In Insolvency Proceedings
(DBN)

India’s Modi Says Need to Focus on Economy While Fighting Virus
(DBN)

India Considers Proposal to Guarantee $39 Billion of Small-Business Loans
(DBN)

____________

Brazil:

Is Brazil the next big hot spot as other nations ease up?
(DBN)

Bolsonaro Backs Economy Minister Amid Rising Political Tension
(DBN)

Bolsonaro accused of firing Brazil's top cop to block investigations
(DBN)

____________

El Salvador:

Shocking images show El Salvador prisoners crammed inside jail during coronavirus lockdown
(DBN)

____________

MENA:

Israel PM Gives Conditional Approval to Begin Reopening Schools
(DBN)

Dubai Likely to Start Opening for Tourists at Beginning of July
(DBN)

____________

Finland:

Finland Registers Sharp Slowdown in Spread of Coronavirus
(DBN)

____________

Switzerland:

Swiss Hairdressers, DIY Stores Reopen in First Stage of Return to Normal
(DBN)

____________

Malaysia:

Malaysia Says Lockdown Has Succeeded in Flattening Virus Curve
(DBN)

____________


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