April 29, 2020

The Daily Bankruptcy News

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Law:

Another Biglaw Firm Shaves Associate Salaries In What Is An Increasingly Common Move
(DBN)

Am Law 100 Firm Slashes Salaries For All, With Up To 50 Percent Cuts For Some
(DBN)

Am Law 100 Firm Furloughs Some, Slashes Salaries For All
(DBN)

Davis Wright Acts on Crisis With Pay Cuts, Staff Furloughs
(DBN)

Akerman Implements Layoffs and Pay Cuts, Anticipating Difficult Second Half
(DBN)

Littler to Cut Pay for Lawyers and Staff Amid 'Financial Uncertainty'
(DBN)

Will the Pandemic and a Major Partner Exit Threaten Freshfields' U.S. Mission?
(DBN)

The COVID Crisis Law Firm Layoff Tracker: What’s Your Firm Doing To Survive?
(DBN)

When 'In-Office Culture' Meets Zoom: Helgi Walker's View from Gibson Dunn
(DBN)

Privilege doesn’t protect law firm’s client information from IRS summons, 5th Circuit says
(DBN)

Susman Godfrey Founder Seriously Injured
(DBN)

Do Boies Schiller Departures Spell Trouble or Transition?
(DBN)

Harvard Law School Students Come Together To Demand The School Stop Harassing Three Students
(DBN)

Big Law Goes Virtual to Help ‘Dreamers’ Affected By Virus Crisis
(DBN)

Court tosses $177K sanction against prominent lawyer accused of using poll to influence opinion
(DBN)

Businesses Seek Sweeping Shield From Coronavirus Liability Before They Reopen Trump says will sign order on virus-related liability problems Pelosi, Schumer Reject Liability Limit for Companies That Reopen Republicans Want To Shield Companies From Future Coronavirus Lawsuits
(DBN)

Trump Subpoenas Are a ‘Joke’ Without the Courts, Democrats Argue U.S. judges press Trump administration over subpoena fight
(DBN)

Mnuchin says big companies could face "criminal liability" for keeping small business emergency loans
(DBN)

These video-calling apps have the sketchiest security practices, according to researchers
(DBN)

Amazon may have violated labor laws by firing worker involved in protest, New York attorney general says
(DBN)

Pentagon pulls money from overseas projects to pay for border wall
(DBN)

Your legal rights in a quarantine, explained
(DBN)

California small businesses sue officials over coronavirus closures
(DBN)

New Mexico mayor reopens town in defiance of state lockdown order, compares Democratic governor to Hitler
(DBN)

Judge Rules Gov. Northam Didn’t Have Authority to Close Virginia Gun Ranges
(DBN)

Sean Hannity Puts New York Times In Its Place With A … Very Sternly Worded Letter
(DBN)

Illinois GOP lawmaker wins court ruling exempting him from governor's stay-at-home order
(DBN)

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Judges:

Courts Begin to Consider Guidelines for Reopening
(DBN)

Supreme Court Alters Argument Protocol, Says Justices to Take Turns
(DBN)

Blind justice: No visual cues in high court phone cases
(DBN)

Female Advocates Kick Off Historic High Court Dial-In Session
(DBN)

Kirkland & Ellis Draws Judge’s Ire for ‘Audacious’ Behavior
(DBN)

Texas Judge Positions Himself Against Governor's Plan to Reopen
(DBN)

3rd Circuit revives judge’s claims against court officials over seized tape recorder, harassment
(DBN)

Unfortunately, Public Faith In Our Courts Deserves To Be This Low
(DBN)

Senate Republicans eye confirmation hearing for McConnell protégé next week
(DBN)

COVID-19 Is Taking A Serious Toll On The New York Judiciary
(DBN)

Searching The Unknown Reaches Of The State Docket
(DBN)

Senate Ignores Objections to Move on Judges
(DBN)

New Judges a Giant Step Backwards for US
(DBN)

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Wall Street:

Dow futures point to a gain of 250 points ahead of Fed decision
(DBN)

Here’s what happened to the stock market on Tuesday
(DBN)

Goldman Sachs explains why stocks can keep rising even as a record-sized recession beckons
(DBN)

A Gauge of U.S. Market Stress Is Behaving a Lot Like 2008
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Layoffs:

TripAdvisor slashes nearly a quarter of staff as the coronavirus stalls travel
(DBN)

British Airways parent company plans to cut up to 12,000 jobs from the airline's workforce as travel demand tanks during the pandemic
(DBN)

Ski resort lays off more than 300
(DBN)

Restaurant group files layoff notice; nearly 1,000
(DBN)

Palomar Health to lay off 317
(DBN)

Coronavirus: Nurses at Utica hospital could face layoffs
(DBN)

Anne Arundel Medical Center Furloughs An Estimated 1,000
(DBN)

SSM Health furloughs 2,000
(DBN)

Longtime Miami-area apparel maker Perry Ellis lays off 328
(DBN)

Friendly’s lays off 197 in Massachusetts due to coronavirus; more restaurants close in other states
(DBN)

Feld Entertainment layoffs near 1,500
(DBN)

UD to lay off or furlough more than 500
(DBN)

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Healthcare:

2 bankrupt Maine hospitals warn they could close in June, sue to receive stimulus funds
(DBN)

Reducing Hospital Regulatory Burdens Through Bankruptcy Sales
(DBN)

Rural hospitals are facing financial ruin and furloughing staff during the coronavirus pandemic
(DBN)

Quest Diagnostics is rolling out the first antibody test for the coronavirus that you can order online. Here's how you can get one.
(DBN)

Merck Warns That Slowdown in Medical Care Will Hurt Its Sales
(DBN)

States that snubbed Obamacare may regret it
(DBN)

72% Of Locked-Down Americans Say They’ll Reach ‘Breaking Point’ By Mid-June
(DBN)

Sirens, Deaths and Grief Fray the Mental Health of Virus Doctors
(DBN)

U.S. coronavirus updates: Confirmed cases surge past 1 million U.S. coronavirus cases top 1 million as projected death toll rises U.S. coronavirus death toll exceeds that of Vietnam War
(DBN)

Coronavirus deaths more than twice hospital toll, data indicate
(DBN)

Medication Shortages Are the Next Crisis
(DBN)

'There is no absolute truth': an infectious disease expert on Covid-19, misinformation and BS
(DBN)

Fauci says coronavirus-like outbreak is 'what keeps me up at night'
(DBN)

NYC Sees Drop in Virus Admissions, Percentage of Positive Tests
(DBN)

New Jersey Reports 402 More Covid-19 Deaths, for Total of 6,442
(DBN)

Florida coronavirus cases surpass 32,800 as death toll grows by 83, highest in single day
(DBN)

US Health Officials Now Say There Are 9 Main COVID-19 Symptoms. Here's What They Are.
(DBN)

Hundreds of Miles From Home, Nurses Fight Coronavirus on New York’s Front Lines
(DBN)

Case fatality rates rise as coronavirus runs deadly course
(DBN)

VP Pence tours Mayo Clinic without mask even though he was told to wear one
(DBN)

Health Care Workers in 10 States File Complaints About PPE Shortages During Coronavirus Pandemic
(DBN)

Where the coronavirus is hitting rural America hard
(DBN)

The successful Asian coronavirus-fighting strategy America refuses to embrace
(DBN)

How to kill coronavirus on surfaces, which most people get wrong
(DBN)

We're repeating one of the worst mistakes of the Ebola outbreak in the hunt for a coronavirus cure
(DBN)

There’s ‘reasonable confidence’ in heartburn drug trial to treat coronavirus
(DBN)

Fauci warns US could ‘be in for a bad fall’ if coronavirus treatments don’t work
(DBN)

Salesforce CEO Marc Benioff created a ragtag corporate alliance to source 50 million pieces of medical gear in 10 days
(DBN)

Coronavirus could kill more than 3 million in vulnerable countries, aid group
(DBN)

Doctor Who Pushed Vitamin Treatment For COVID-19 Charged With Fraud
(DBN)

Jewish brothers turn yarmulkes into masks for homeless amid coronavirus
(DBN)

IRS providing face masks to recalled employees
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Delivery:

UPS delivered a whopping 19% more packages last quarter to homebound Americans — but it's a curse in disguise
(DBN)

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Politics:

House cancels plan to return from recess next week
(DBN)

Ohio’s G.O.P. Governor Splits From Trump, and Rises in Popularity
(DBN)

Approval for Trump's Handling of Coronavirus Outbreak Sinks to Record Low
(DBN)

Trump: Very Good Experts Said Coronavirus Would Never Affect US
(DBN)

Trump’s allies sound alarm over his attacks on independent watchdogs
(DBN)

Trump Decides Now Would Be a Great Time to Cut Coronavirus Research Funding
(DBN)

Former Republican Senator Jeff Flake Says He Will Not Vote for Trump
(DBN)

Amash Announces Run for the Presidency
(DBN)

65 Percent of Americans Support Suspending Immigration During Outbreak
(DBN)

Mike Pence slammed for not wearing a mask at the Mayo Clinic, even after he was informed of the policy
(DBN)

Trump’s daily intelligence brief reportedly warned of the coronavirus as far back as January The coronavirus enemy remained 'invisible' because the Trump administration didn't make the effort to see it Trump Says Coronavirus Was Expected to ‘Blow Over’ in February Trump's aversion to intelligence and details comes into full focus on coronavirus response
(DBN)

Trump Blasts Fox News With Network Walking a Fine Line on Virus
(DBN)

Who thinks Trump is ‘honest and trustworthy?’ Fox News fans, and very few others.
(DBN)

Trump faces the risk of a coronavirus cliff
(DBN)

Here's everything we know about Monty Bennett, the Trump megadonor whose hotel conglomerate got the most in coronavirus bailout loans
(DBN)

ReOpen NC protesters again take to the streets demanding rollback of COVID-19 safety measures
(DBN)

Hillary Clinton to endorse Joe Biden
(DBN)

Leading Democrats Back Biden After Sexual-Assault Allegation Documents That Could Shed Light On Joe Biden Sexual Assault Allegation Remain Locked Up Tara Reade calls for release of Biden's Senate records: 'Why are they under seal?' Biden Should Release His Papers Perez haunted by past call for officials who ‘engaged in sexual misconduct’ to ‘step aside,’ amid Biden claims What are the Allegations Against Joe Biden
(DBN)

Republicans Are Split Over Allowing Any Voter to Vote By Mail Despite Trump Opposition, Poll Shows A very interesting number on GOP support for vote-by-mail
(DBN)

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Movie Theaters:

New documents break down CMX Cinemas' Chapter 11 bankruptcy
(DBN)

Despite green light, some movie theater chains wait to reopen
(DBN)

‘Trolls’ Is a Horror for Closed Theaters Thanks to Home Rentals
(DBN)

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Personal Finance:

I used to write wedding vows for a living, but since COVID-19, I've pivoted my business to writing eulogies
(DBN)

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Food/Beverage:

America’s Mass Hog Cull Begins With Meat to Rot in Landfills
(DBN)

Trump to Order U.S. Meat Plants to Stay Open Amid Pandemic Trump to order meat processing plants to stay open during coronavirus pandemic
(DBN)

U.S. Food-Worker Deaths Reach 20 as Thousands See Virus Impact
(DBN)

Taco Bell owner’s same-store sales tumble 7% in first three months of year
(DBN)

Meat processors warn of shortages. Here's why they're getting hit so hard
(DBN)

Piglets aborted, chickens gassed as pandemic slams meat sector
(DBN)

Battered U.S. Restaurants Prep for Pricier Beef, Supply Squeeze
(DBN)

Should Grocery Stores Go ‘Dark’ During The Pandemic?
(DBN)

An exclusive first look at the strange new normal of dining out in Georgia as BBQ chain Smokey Bones reopens dining rooms in the state
(DBN)

Masks, temperature checks mark ‘new normal’ at restaurants
(DBN)

Millions of gallons of expired beer could end up costing the booze industry $1 billion
(DBN)

Food banks are closing and losing their workforce because of the coronavirus
(DBN)

'Traumatized' McDonald's franchisees face coronavirus sales slump, as some slam the company over 'anemic' response
(DBN)

Starbucks same-store sales fell 10% in first three months of year as virus closed cafes
(DBN)

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Sports:

The battle over the future of women's professional hockey
(DBN)

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Tourism:

Hawaii is paying for tourists to fly home to places like Guam and Denver, showing the deepening rift between locals and visitors in popular vacation spots during the coronavirus lockdown
(DBN)

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Mass Torts:

Bayer’s Roundup Defense Is Costing It Half a Billion Dollars
(DBN)

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Utilities:

California’s Virus War Collides With Its Other Crisis: Wildfires
(DBN)

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Theater:

Face Masks and Fewer Seats: One Theater Tries Saving Summer
(DBN)

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Fitness:

Lockdowns have changed the fitness industry — what to expect post-pandemic
(DBN)

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Economy:

Nearly 9 in 10 Americans worry economy will collapse due to pandemic: poll
(DBN)

The Pandemic Will Reduce Inequality—or Make It Worse The next pandemic: Rising inequality Job or Health? Restarting the Economy Threatens to Worsen Economic Inequality
(DBN)

Federal Reserve likely to pledge support for ailing economy
(DBN)

The Fed’s massive response to the coronavirus crisis in one chart
(DBN)

Who’s Profiting From the Coronavirus Crisis?
(DBN)

U.S. GDP in the first quarter is going to be bad — and the damage is far from done
(DBN)

Companies are set to issue record debt for a 2nd straight month — and Bank of America says it's because the Fed 'solved' a looming credit crisis
(DBN)

'Unlike anything we’ve ever seen': New report looks at economic impacts of coronavirus pandemic
(DBN)

Richmond Fed: "Fifth District Manufacturing Activity Declined Sharply in April", Lowest Reading on Record
(DBN)

The federal government's coronavirus response risks spiking inflation
(DBN)

Fed’s Power to Buoy Corporate Debt Market Curbed by Bailout Law
(DBN)

America's Credit Whale Is Already Bailing Out Levered Companies
(DBN)

The Fed Will Soon Need to Stem Deflation
(DBN)

Fed Wants States to Try Banks Before $500 Billion Credit Line
(DBN)

Senate Panel Planning to Approve Stalled Fed Nominee Shelton
(DBN)

U.S. Labor-Market Mystery: Applicants for Government Jobs Vanish
(DBN)

The US will need to spend trillions more as economy takes until 2022 to fully recover, CNBC survey finds
(DBN)

About That V-Shaped Recovery ...
(DBN)

Don’t handcuff private capital in this crisis
(DBN)

Crisis lays bare risks of financial leverage, again
(DBN)

Greenspan Sees Rebound After ‘Pretty Awful’ U.S. Second Quarter
(DBN)

U.S. Merchandise Trade Slumps to Lowest in Almost Three Years
(DBN)

McConnell says he won't support infrastructure in coronavirus bill
(DBN)

This is where all 50 states stand on reopening Reopening Plans Across U.S. Are Creating Confusing Patchwork Texas' stay-at-home order to expire Thursday, businesses to reopen in phases starting Friday Texas and Other States Move to Reopen While Virus Surges “Doctors and Data” Suggest Greg Abbott May Be Reopening Texas Too Early South Carolina reopened nonessential businesses, including malls, movie theaters, and social clubs to the public on Monday. Here's what it's like The US reopening is coming, but ‘normal’ is still a ways off Pennsylvania preps reopening without mass testing capacity Pinellas County commissioners vote to reopen beaches on Monday NYC Reopening in May Would Be a ‘Miracle’; N.J. Several Weeks Away New York City ER doc on frontline of COVID-19 battle explains why America should reopen immediately Georgia’s coronavirus death toll nears 1,000 as restaurants, theaters allowed to reopen Why I’m Reopening My Georgia Nail Salon Despite the Coronavirus Reopening states too early will bring deadlier outcomes, coronavirus projection models show Miami Beach announces which parks, facilities will be first to reopen DeSantis to reveal reopening plan on Wednesday Gov. Ivey reopening retail stores, beaches; restaurants still curbside only, hair salons closed Teachers union: 'Scream bloody murder' if schools reopen against medical advice Ohio, Michigan governors diverge on plans to reopen during pandemic Trump and Florida Gov. DeSantis meet at White House as states start to reopen How Washington state, a model for public health, plans to relax social distancing Google employees won’t go back to work until June at earliest N.Y. Building Sites Reopen, Carefully, in Sign of Life Gearing Back Up Nevada joins Western states pact to fight coronavirus with science over politics Global coronavirus restrictions loosening, allowing for some return to normalcy California could begin new school year as early as July, Gov. Newsom says
(DBN)

A positive antibody test doesn’t yet mean you’re immune to Covid-19 Why the three main types of coronavirus tests can't be easily mass produced America still needs more coronavirus testing. Trump’s new plan falls short Pence wants you to believe the White House fulfilled its coronavirus testing promises. Not even close. What is antigen testing? How a new test could help track the coronavirus outbreak Trump guidance puts burden on states to reach Covid-19 testing targets
(DBN)

U.S. Chamber of Commerce Pushes Back on New Business Rules in Reopening
(DBN)

On The Rebound: Industries To Watch (and Avoid) As Markets Move Higher
(DBN)

Stressed-Out Employees Are More Worried About Money Than Health
(DBN)

Millions can’t access unemployment benefits, survey shows Exasperation Grows Over Delays Trying To Sign Up For Unemployment, ‘People Have No Food, People Are Talking About Suicide’ How are unemployment benefits taxed? How long does unemployment insurance last?
(DBN)

Guidance Clarifies Eligibility for Gig-Worker Jobless Benefits
(DBN)

Millions of low-income Americans are facing delays in their stimulus checks because they used tax prep services
(DBN)

If you haven't already applied for federal small business relief, you're probably out of luck on this round — but you still have a few other options.
(DBN)

Corporate profit forecasts hit their gloomiest level since 2009 and have more room to fall, Bank of America says
(DBN)

US consumer confidence plunges the most since 1973 — but near-term expectations improve
(DBN)

The Lakers Got Federal Aid and Your Corner Shop Didn’t The Los Angeles Lakers' $4.6 million loan was 'outrageous,' Treasury Secretary says as team returns money meant for small businesses
(DBN)

Some businesses won't return funds despite pressure from Trump administration
(DBN)

Small business loans above $2 million will get full audit to make sure they’re valid, Mnuchin says
(DBN)

Trump’s Rural Base Fared Better Than Coastal Cities in SBA Loans
(DBN)

Republicans, Democrats warn of coming financial calamity as Trump puts partisan spin on aid
(DBN)

After lobbying push, Casinos eligible for small business funds under new stimulus rules
(DBN)

I Run a Bakery. The Paycheck Protection Program Isn’t Enough.
(DBN)

Fed to give $500 billion to large companies, won't require them to preserve jobs or limit exec pay
(DBN)

Oversight efforts stumble as White House continues changing rules on emergency spending measures
(DBN)

The Small Business Administration will cap PPP loan dollar amounts per bank
(DBN)

Bank of America Sends 184,000 Applications for Small-Business Loans to SBA
(DBN)

Virus Loan Program Approves More than $52 Billion in Relief
(DBN)

Cramer blames banks for some small business loans going to larger firms
(DBN)

Corporate bailouts should come with strings
(DBN)

Inside a Bay Area family's struggle to save their company during the coronavirus outbreak, as big businesses like Shake Shack beat them to government loans
(DBN)

Omnicom outlines sectors hit hard by pandemic and which fare better so far
(DBN)

Warren, Ocasio-Cortez Propose Temporary Ban on Corporate Mergers
(DBN)

Around half of all US workers can earn better pay collecting unemployment than getting regular salaries from their current jobs Are new unemployment benefits too generous? The debate, explained.
(DBN)

Native Americans Face Rich-Poor Divide in Virus Aid Fight Judge Sides With Native Tribes, Limits Distribution Of Coronavirus Relief
(DBN)

Millennials Surpass Baby Boomers as Largest U.S. Generation, Ending 20-Year Run
(DBN)

Another Way the 2020s Might Be Like the 1930s
(DBN)

U.S. goods trade deficit rises as auto exports tumble
(DBN)

How Some Companies Survive, Even Thrive, in Viral Crisis
(DBN)

Americans are Moving Around More
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Nearly 10% of FHA and VA borrowers are in forbearance
(DBN)

Nearly 500,000 borrowers went into forbearance in the last week
(DBN)

HVS: Q1 2020 Homeownership and Vacancy Rates
(DBN)

The Coming Fall in Housing Prices
(DBN)

How Chapter 11 Solved One Multifamily Condo Regime’s Dual Challenges of Mounting Liabilities and Unpaid Dues
(DBN)

Case-Shiller: National House Price Index increased 4.2% year-over-year in February
(DBN)

How Fed Chairman Powell rescued the mortgage market
(DBN)

A Mortgage Loan Documentation Pitfall
(DBN)

MBA: Mortgage Applications Decreased, Purchase Applications up 12% Week over Week Weekly mortgage applications to buy a home make a strong recovery, as rates hit a new record low
(DBN)

Mortgage Transfers Pose Risk for Borrowers Hit Hard by Pandemic
(DBN)

Federal Reserve Buying Begets Strange Days for Mortgage Prices
(DBN)

Mortgage Chaos Threatens to Worsen Once It’s Time for Repayments Homeowners fear they may owe hefty lump-sum payment on mortgages
(DBN)

Manhattan Homebuyers Rewriting the Rules on Deals in Virus Era
(DBN)

D.R. Horton Sales Slide in April With Homebuyers Locked Down
(DBN)

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Municipalities:

Is the GOP right? Should states just declare bankruptcy?
(DBN)

Can States Declare Bankruptcy? Mitch McConnell Floated the Option But Experts Say Current Law Doesn't Allow It
(DBN)

Mnuchin Says No Bailout for States With Badly Managed Budgets
(DBN)

Trump Ties Virus Aid for States to Action on ‘Sanctuary’ Cities
(DBN)

Pension Bailout Or Bankruptcy? That’s Missing The Bigger Picture
(DBN)

Bankrupt states, cities will prolong economic hardship
(DBN)

States need revenue. These taxes you pay might go up
(DBN)

Coronavirus bankruptcy suggestion sends states a much-needed message
(DBN)

State bankruptcy is irrelevant to COVID-19 — and bailouts aren't the answer
(DBN)

The $3.8 trillion municipal bond market looks for more help from Washington
(DBN)

Muni Market Stages New Sell-Off on McConnell, Supply Wave
(DBN)

Illinois Plans to Sell $2 Billion in Bonds Amid Pandemic Strain
(DBN)

Federal Reserve Expands Coronavirus Aid Program To More Cities and Counties
(DBN)

Oversight Board unveils plan to help municipalities pay retirement benefits
(DBN)

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Oil/Gas:

US crude surges nearly 15% as inventories reportedly rise less than expected
(DBN)

Why Whiting Petroleum is optimistic about its course out of bankruptcy
(DBN)

Goldman lists 5 reasons why traders should load up on energy stocks following oil's historic plunge
(DBN)

How EnergyNet, The Ebay Of Oilfields, Is Gearing Up For A Wave Of Bankruptcies
(DBN)

Traders Are Betting Big On An Oil Price Rebound
(DBN)

Oil Storage Crisis Deepens As API Reports Very Large Crude Inventory Build
(DBN)

Supertankers as Far as the Eye Can See
(DBN)

Q&A: With rock-bottom prices, will the oil industry recover?
(DBN)

U.S. Oil Fund ETF income falls as oil prices crumble
(DBN)

Texas Oil Port Hit by One-Two Punch: Falling Demand and Overproduction
(DBN)

Oil Traders Not Sure They Like Oil
(DBN)

The Death Of U.S. Oil
(DBN)

How Bad Are Big Oil’s Earnings?
(DBN)

Earnings Season Will Be A Bloodbath For Oil Producers
(DBN)

Oil Price Shock: The Implications
(DBN)

Oil Prices Could Take Down Petrostates
(DBN)

National Oilwell Varco Q1 Net Loss Widens
(DBN)

What Fracker Earnings Really Need Are Fewer Frackers
(DBN)

Harold Hamm’s Continental Sued Over Failed $200 Million Oil Deal
(DBN)

Even at $10 a Barrel, Oil Traders Balk at Buying Nigeria’s Crude
(DBN)

Solar and Wind Cheapest Sources of Power in Most of the World
(DBN)

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Entertainment:

Show Business Is Adapting To The Pandemic, But It Won’t Survive Unless Congress Steps Up
(DBN)

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Autos:

Ford to reopen European plants with increased coronavirus safety protocols
(DBN)

Ford projects adjusted pretax loss of $5 billion in the second quarter
(DBN)

Elon Musk guards Tesla board from legal fees after insurers shun risk
(DBN)

Tesla is about to reveal how badly coronavirus hit its profit plans
(DBN)

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Education:

College Student’s Class Action Lawsuit Says Remote Education Is a Rip-Off: ‘Inherent Difference in Value’
(DBN)

Coursera CEO: Students turning away from college is "tremendous concern"
(DBN)

Common Sense Media CEO: Coronavirus puts education equity "at extreme risk"
(DBN)

Connecticut governor says he wants state’s colleges ‘to open in the fall’
(DBN)

When Schools Reopen, They Could Look Very Different
(DBN)

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Newspapers:

Two hedge funds have offered to buy McClatchy. A sale could follow in the next two months — but there are hurdles.
(DBN)

Online news site Axios returning $4.8 mln U.S. payroll loan
(DBN)

Gannett layoffs continue as photographers complain they lack coronavirus protection
(DBN)

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Nursing Homes:

Nearly 70 dead in ‘horrific’ outbreak at veterans home
(DBN)

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Cruise Lines:

Here’s How Much Cash Norwegian Cruise Is Burning a Month
(DBN)

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Festivals:

Gloomy summer looms as pandemic cancels US festivals, trips
(DBN)

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Religion:

As part of bankruptcy, Buffalo Diocese announces suspended priests will not be paid
(DBN)

Greek Church Demands Government Ease Controls on Religious Services
(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
(DBN)

Recent Ch. 11 Filings (6 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (13 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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Antitrust:

Distressed Deals Ripe for ‘Failing Firm’ Antitrust Exemption
(DBN)

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Avoidable Transfers:

Claims Based on Avoidable Transfer Cannot be “Washed Clean” in the Secondary Market
(DBN)

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Bankruptcy Reform:

Individual Employs New Small Business Bankruptcy Law to Modify Mortgage
(DBN)

10 Changes in Consumer Bankruptcy since COVID-19 and the CARES Act
(DBN)

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Tolling:

Don’t Just Do Something—Stand There! A Modest Proposal for a Model Standstill/Tolling Agreement
(DBN)

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Mediation:

Sanctionable v. Non-Sanctionable Misbehaviors in Mediation: Companion Cases from Eleventh Circuit
(DBN)

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Finance:

Cafe chain Cosi sues SBA for excluding bankrupt companies from emergency loans Cosi Says Ch. 11 At Risk From 'Discriminatory' Virus Relief
(DBN)

New Mexico diocese sues over limits on virus relief funds
(DBN)

Texas Bankruptcy Judge Lifts PPP Bankruptcy Bar for Debtor on Front Line of COVID-19 Response
(DBN)

Southern District of Texas Enters Temporary Restraining Order Extending PPP Loan Benefits to Debtor in Bankruptcy
(DBN)

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Discharge:

8th Cir. Affirms Denial of Discharge Due to Inadequate Records, Questionable Transactions
(DBN)

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Retailing:

Here’s why it takes so long for retailers to file for bankruptcy
(DBN)

Beauty and the retailpocalypse: Are beauty sales buying time for department stores?
(DBN)

Macy’s Suppliers Lose Backstop Insuring They Get Paid for Goods
(DBN)

Hair Cuttery parent company to sell assets as part of bankruptcy reorganization plan
(DBN)

Global spending on the retail industry is set to fall by a phenomenal $549 billion in 2020 as global debt swells
(DBN)

Amazon, Walmart, Target, FedEx and Instacart workers to hold ‘unprecedented strike’ on Friday over virus risk
(DBN)

Nine essential workers describe what their lives are like during coronavirus pandemic
(DBN)

Adidas CEO doubles down on ecommerce as 70% of its global stores remain closed
(DBN)

The biggest US mall owner prepares to reopen 49 properties. Here’s how that will work
(DBN)

Burberry Closes Lone U.S. Warehouse After Workers Test Positive
(DBN)

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Aviation:

Ravn files plan to liquidate, as bankruptcy proceeds Lack Of Government Aid Dooms Ravn Air's Ch. 11 Plans
(DBN)

Dallas private aviation service JetSuite’s parent company files for bankruptcy Private Jet Company Superior Air Files for Bankruptcy Protection Despite Backing From JetBlue And Qatar Airways, JetSuite Files For Chapter 11 First Day Dec
(DBN)

Boeing posts quarterly loss of $641 million, burns through $4.3 billion in cash
(DBN)

Airlines' first-quarter earnings reveal scope of coronavirus pain
(DBN)

Beware Airlines Selling Tickets For Flights That Will Never Take Off
(DBN)

Which airlines are requiring masks for flight attendants or passengers? Masks on airplanes: Where things stand on personal protection and social distancing JetBlue to require passenger masks. Should all airlines do the same? JetBlue will require passengers to wear masks, other airlines will provide them for travelers Airlines add new rules as call for masks on planes gets louder American Airlines will give flyers protective gear to help slow coronavirus spread From Subways To Airlines, All Passengers Should Wear Masks, Labor Union Says
(DBN)

Trump says he's in touch with airlines about testing international travelers
(DBN)

Masks, screening, vaccines: Airlines consider what a new normal might look like before people pack onto planes again
(DBN)

Why Are Airlines Adding So Many Random Connecting Flights? Blame the U.S. Relief Package
(DBN)

JetBlue, Delta seek U.S. OK to suspend flights to 25 U.S. airports
(DBN)

Turkish Airlines suspends all flights until May 28
(DBN)

Lufthansa considers filing for creditor protection as aid talks stall Lufthansa may seek creditor protection alongside Berlin rescue talks
(DBN)

Few airlines offering cash refunds despite getting billions from bailout deal Class Action Complaint Filed Against Hawaiian Airlines Scrap passengers’ right to ticket refunds, airline lobbyists tell Brussels
(DBN)

COVID-19 cases surge among American Airlines ramp employees
(DBN)

Flight Attendants Warn: Leisure Travel Needs To Stop Now
(DBN)

Europe Starts Stumping Up Billions for Cash-Strapped Airlines
(DBN)

Airlines and Hotels Reach Out to Their Top Spenders Airlines Turn to Corp Travel Pitches After Securing Bailouts
(DBN)

Airlines could look to subscription services as a core part of revenue going forward
(DBN)

American Airlines will now end boarding even earlier
(DBN)

Southwest CEO: Travel won't resume until places like Disney World reopen
(DBN)

Boeing Faces Criminal, Civil Probes of Max Quality Control
(DBN)

British Airways warns as many as 12,000 jobs to go
(DBN)

As Cargo Capacity Crisis Mounts, More Airlines Take Out Seats To Make Room Air Canada is ripping seats out of aircraft across its fleet to turn them into cargo planes. See inside the new Boeing 777 and Dash 8-400 temporary conversions Unlike Passengers, Cargo Never Complains. But Can It Make Money For Airlines During Coronavirus Crisis?
(DBN)

____________

Hotels:

Hilton unveiled its plan to keep hotel rooms clean post-coronavirus, and it includes ditching paper and pens and sealing doors closed with a sticker
(DBN)

____________

Trucking:

Small truckers may be at risk of bankruptcy without aid amid coronavirus pandemic
(DBN)

____________

Museums:

Many Museums Won’t Survive the Virus. How Do You Close One Down?
(DBN)

____________

Consumer Finance:

Issuers must weigh the risk of missed payments during the pandemic
(DBN)

____________

Student Debt:

I was sued for $30,000 after I ignored my student loans. This is what I wish someone told me before I graduated from college.
(DBN)

____________

Sovereigns:

EU leaders to discuss debt relief for Africa
(DBN)

China silent amid global calls to give Africa debt relief
(DBN)

____________

UK:

Furloughed Employees and Insolvency: the Decision in Debenhams (UK)
(DBN)

Bouncebackability – UK Government Unveils Latest Coronavirus Loan Scheme Variant For Smaller Businesses
(DBN)

Barclays braced for surge in bad loans from coronavirus crisis
(DBN)

Britain's largest supermarket has hired 'very interesting' new employees — including pilots, race car drivers, and actors — to cope with surging demand for groceries
(DBN)

U.K. Reports 586 More Coronavirus Deaths, Up From 360 Yesterday
(DBN)

U.K. to Include Surging Care Home Deaths in Daily Virus Data
(DBN)

Bankers were left in dark on size of Sunak loan plan
(DBN)

____________

EU:

Coronavirus Widens Europe's North-South Economic Divide
(DBN)

European Parliament to make wearing of face masks mandatory
(DBN)

Europe Tiptoes Toward New Normal as Spain Keeps Schools Closed
(DBN)

Belgians told to eat fries twice a week to save the potato industry
(DBN)

____________

PIIGS:

Italian Doctor Fears Potential ‘New Contagion’ As Country Set To Slowly Lift Lockdown
(DBN)

Italy’s Coronavirus Cases Pass 200,000 Since Start of Outbreak
(DBN)

Trouble in paradise: Spanish holiday island reels from coronavirus
(DBN)

Spain Aims to Lift Virus Lockdown Within Next Eight Weeks Spain to enter ‘new normal’ by end of June
(DBN)

Spain’s Villages Wage a Lonely Fight Against the Coronavirus
(DBN)

Mitsotakis Says Greece Ready to Start Lifting Lockdown Measures
(DBN)

Greece Curbs Coronavirus, Defying Expectations
(DBN)

____________

Canada:

Give Us More Detail, Ontario Business Groups Say of Restart Plan
(DBN)

Quebec Reopening Starts Next Week with Stores Outside Montreal
(DBN)

Scotiabank tells staff not to expect 'old normal' after outbreak
(DBN)

Canada misjudged virus deaths amid long-term care outbreaks
(DBN)

____________

France:

France to Reopen Shops May 11 in Cautious Easing of Virus Curbs France to ease lockdown to avoid economic ‘collapse’
(DBN)

France Coronavirus Deaths Fall Below 400, Hospitalizations Drop
(DBN)

____________

India:

Pre-packaged Insolvency in India: Lessons from USA and UK
(DBN)

____________

Sweden:

‘Life Has to Go On’: How Sweden Has Faced the Coronavirus Without a Lockdown
(DBN)

Sweden says its coronavirus approach has worked. The numbers suggest a different story
(DBN)

____________

China:

How China is ruthlessly exploiting the coronavirus pandemic it helped cause
(DBN)

Worried China bondholders call for protection as restructuring wave looms
(DBN)

China Dairy Giant Sees Biggest Quarterly Profit Drop Since 2008
(DBN)

Dr. Fauci Backed Controversial Wuhan Lab with Millions of U.S. Dollars The Controversial Experiments and Wuhan Lab Suspected of Starting Pandemic
(DBN)

China threatens to cut off imports from Australia if Australia continues to push for independent investigation into the origin of the COVID-19 outbreak
(DBN)

China’s Factories Are Back. Its Consumers Aren’t.
(DBN)

____________

Brazil:

Bolsonaro’s latest crisis threatens Brazil’s virus response
(DBN)

____________

Madagascar:

Citizens Found Not Wearing Masks Forced to Clean Streets
(DBN)

____________

Russia:

Putin extends Russia coronavirus lockdown and warns worst to come
(DBN)

____________

Africa:

Africa Eyes Own ‘Brady Plan’ as Debt Relief Proposal Takes Shape
(DBN)

IMF Approves $3.4 Billion in Emergency Funding for Nigeria
(DBN)

World Bank Sees Kenya GDP Shrinking 1% If Virus Disruption Lasts
(DBN)

____________

Argentina:

Argentina and Creditors Are at Loggerheads on Take It or Leave It Offer
(DBN)

____________

Singapore:

Singapore Scaling Up Medical Facilities as Virus Cases Increase
(DBN)

Singapore’s oil trading haven defaced by latest Hin Leong bankruptcy
(DBN)

____________

Australia:

Directors’ Duties – a Guide for Businesses in Australia
(DBN)

____________

MENA:

Dubai at Risk as Coronavirus Poses Shock to U.A.E. Economy, Says Moody’s
(DBN)

Chilling video of mass coronavirus grave in Iran sparks higher death toll fears
(DBN)

Over 700 in Iran dead from false belief that poison cures coronavirus
(DBN)

As Virus Cases Rise, UAE Adjusts to A New Normal in Pandemic
(DBN)

____________

Mexico:

Mexico City Top Hospitals Reach Capacity, Reject Virus Patients
(DBN)

____________

Venezuela:

Bankrupt Venezuelan Oil Firm PDVSA Proposes Selling Oil Assets To Private Sector
(DBN)

____________


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