April 3, 2020

The Daily Bankruptcy News

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Law:

Bankruptcy Lawyers Gear Up for Surge in Filings Due to Coronavirus Fallout
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Brown Rudnick Adds to Its European Restructuring Practice Further With Two New Partners
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Greenberg Traurig Loses Bankruptcy Rainmaker to Baker McKenzie as Restructuring Stays Hot
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More Partners Leave Boies Schiller in DC, Los Angeles
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BigLaw pay cuts and layoffs are likely to multiply, experts say; which firms are doing it?
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The COVID Crisis Law Firm Layoff Tracker: What’s Your Firm Doing To Survive?
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Biglaw Firm Announces Up To 20 Percent Pay Cuts To Avoid Layoffs
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Lawyers At Am Law 200 Firm Looking At Pay Cuts Of Up To 30 Percent
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Law Firm Cancels Summer Associate Program, Leaving Law Students Reeling DLA Piper, Vinson & Elkins Postpone Summer Associate Start Dates How to Cancel Your Firm's Summer Program
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UK: Fieldfisher 'falls short paying partners for third month in a row'
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Mayer Brown denies lax WFH policy as three staff test positive for COVID-19 after London trip
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'Nobody Is Recruiting Over the Summer': OCI Season Postponed
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Biglaw Firm Assures Associates They Will Not Cut Salaries Or Furlough Lawyers
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Survey Shows In-House Lawyers Preparing for Worst From Covid-19
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N.Y. Law Deans Say 2020 Class Should Be Allowed to Skip Bar Exam Law Deans Say Virus Class of ‘20 Shouldn’t Have to Take Bar Exam
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Skadden Leads in First Quarter M&A Work As Uncertainty Looms
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Attorneys Need ‘Tele-Advocacy’ Tools as Courts Adapt to Coronavirus
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Coronavirus Threatens Constitutionally Protected Freedom of Movement
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NYU Law Review wins dismissal of suit challenging its racial and gender preferences
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UVA Grants Waiver, Allows National Guard Student To Continue Studies
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Law School Deans Call For Major Changes To Bar Admission
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Zoom Videoconferencing Tips And Tricks
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Practicing Law — And Compassion — In A COVID-19 World
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Good guy with a gun takes down shooter firing at people outside medical marijuana dispensary
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FBI Reports Staggering 3.7 Million Firearm Background Checks In March
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FBI & Inspector General Report: FISA Scandal Is about Corruption, Not ‘Sloppiness’
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A Snitching Epidemic: Residents Tattle on Businesses, Neighbors Not Following Coronavirus Shutdown Orders ‘Snitches Get Rewards’: Garcetti Issues New Rules For Construction Sites, Encourages Community To Report Safer At Home Violators
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Residents in Texas city can face $1,000 fine for not wearing 'some form of covering over their nose and mouth' after new motion
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Authorities are now using thermal imaging to help police enforce social-distancing rules
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Rasmussen: Two-Thirds Support Closed-Borders for Their State, Fines for Social Distancing Violators
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Zoom CEO responds after calls hacked with anti-Semitic slurs and porn
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World risks 'sleepwalking into surveillance' with coronavirus controls
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Shocking pictures show coronavirus ‘looters in face masks’ after attacking shops during lockdown
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Pandemic Complicates Custody for Eight Million Children of Divorce
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Ex-Rabbi Who Secretly Filmed Women in Religious Bathhouse Gets Out of Jail Early on COVID-19 Fears
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Spokesman Says Harvey Weinstein Never Tested Positive For Coronavirus
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Feds Charge Vice Cops Who Arrested Stormy Daniels at Ohio Strip Club
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Man Coughed at Store Customers, Then Wrote ‘COVID’ on Inside of a Cooler Door: Cops
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N.J. Prosecutor to Police: Stop Asking COVID-19 Patients to Post Signs on Their Homes
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Officers Break Up Large Funeral Gathering Violating New Jersey’s Stay-At-Home Order
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Toronto to fine people for not distancing in parks, squares
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First Coronavirus-Related Hate Crime Charges Possible in Stabbing of Asian American Family
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NJ Gov. Orders State Police To Commandeer Needed Medical Supplies
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Virus delays discovery reforms, prompts lawyers to ask for release of clients
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Coronavirus crisis raises specter of civil unrest, experts say
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Virus’s Toll on N.Y. Police: 1 in 6 Officers Is Out Sick
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NRA Sues New York State Governor Over Closure of Gun Stores
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Judges:

S.D.N.Y. Federal Judge Dies From COVID-19
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Paper Filings, Relics Elsewhere, Survive at SCOTUS During Virus
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Uncertainty Looms Over Supreme Court as Lower Courts Transition to Teleconferencing
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Trainer Reveals ‘Alarming’ Truth About Ruth Bader Ginsburg’s SCOTUS Gym Seshes
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Wall Street:

Dow futures indicate a 100-point opening drop as investors look to jobs numbers
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Most Asian Markets Closed Slightly Down Friday
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U.S. stocks end another whipsaw day solidly higher, led by energy
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Predictions for the Coronavirus Stock Market
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Bank of America slashes its S&P 500 target by 16% to the lowest on Wall Street, cites 'deepest post-war recession' on record
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He nailed the March coronavirus selloff — now he says there’s another 30% to go before stocks hit bottom
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Dividends: the sacrosanct payments under heavy fire
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Layoffs:

WARN Act and its Implications for COVID-19 Layoffs and Furloughs
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U.S. Retail Furloughs Poised to Exceed 1 Million From Shutdown
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St. Pete Beach hotel lays off more than 200 employees
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Citigroup CEO To Workers: No Layoffs
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Everlane customer experience workers say they were illegally laid off
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Boeing seeks voluntary staff lay-offs as market demand shifts
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How China, the US, and Europe are using robots to replace and help humans fight coronavirus by delivering groceries, sanitizing hospitals, and monitoring patients
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Workers Stiffed by Kennedy Center Despite Bailout Money Are Threatening Legal Action
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Focus Brands Lays Off 136
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GE Aviation Lays Off 50% Of Engine Manufacturing Staff
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ClassPass reduces staff by more than half as social distancing drives fitness home
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Healthcare:

The grim death-toll projections the White House offered Monday have already been revised upward Experts, Trump's advisers doubt White House's 240,000 coronavirus deaths estimate
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Top US health official on stay-at-home order: ‘I just don’t understand why we’re not doing that’
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Pence Says Hospitals to Be Paid for Uninsured Covid-19 Patients
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Where America Didn’t Stay Home Even as the Virus Spread
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Global coronavirus cases hit 1 million, doubling in a week as deaths top 50,000
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As many as 100,000 incarcerated people in our jails and prisons will die from the coronavirus, unless the US acts now New York Jail Is Unable to Test Inmates for Virus, Judge Says
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Coronavirus cases approaching 1 million worldwide
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Over 200,000 People Have Recovered From Coronavirus Around the World, According to Johns Hopkins University
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Key data points as US nears 1 in 1,000 infected
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Trump says he might help uninsured Americans
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Experts Warn White House Talking, Breathing May Spread Coronavirus 11 questions about the coronavirus economic crisis you were too embarrassed to ask 12 things everyone needs to know about the coronavirus pandemic Pittsburgh: Possible Coronavirus Vaccine Age or illness makes one-quarter of Americans more vulnerable to coronavirus complications Moderna chairman: Human trial of coronavirus vaccine may enter phase 2 in spring Coronavirus 'may cause brain damage' as dangerous swelling found in 'confused' patients Gov. Murphy suggests social distancing at home First Potential COVID-19 Vaccine to Be Peer Reviewed Shows Promise MIT: Six Feet May Not Be Far Enough
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Disaster in motion: 3.4 million travelers poured into US as coronavirus pandemic erupted
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Navy hospital ships have treated fewer than 20 patients in coronavirus response
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Coronavirus Started in China, but Europe Became the Hub for Its Global Spread
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Life-or-Death Hospital Decisions Come With Threat of Lawsuits
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Grim New Rules for NYC Paramedics: Don’t Bring Cardiac Arrests to ER for Revival
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The young doctors being asked to play god
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Need for nurses is driving record pay as coronavirus nears its peak
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72% Of Health Care Workers Report Psychological Distress Due To COVID-19
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Why is New Orleans' coronavirus death rate 7 times New York's? Obesity is a factor
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N.J. Confirmed Deaths From New Coronavirus Climb 51% to 537
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'What we are experiencing in Colorado is far worse than we imagined'
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Cuomo says NY's coronavirus apex could arrive sooner
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Gov. Cuomo: 16,000 New Yorkers could die from the coronavirus, according to Gates Foundation-backed projections
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NYC doctor who contracted the coronavirus says ‘the volume of patients is just staggering’
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N.Y. has just six days of ventilators as 432 New Yorkers die of coronavirus and cases rise over 92,000: Cuomo States demand ventilators as feds ration limited supply Trump invokes Defense Production Act for ventilator manufacturing
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Kushner to Trump: Cuomo Lying About Ventilator Needs
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NY Paying 15 Times Price for Medical Gear
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Demand for Ventilators, Masks, Body Bags Outstrips FEMA’s Supply
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'Surreal': NY funeral homes struggle as virus deaths surge
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The last coronavirus holdout in New York: A rural upstate county braces itself
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Central Park houses hospital ward as NY races to add beds
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Washington, D.C. needs 3,600 hospital beds for coronavirus peak: mayor
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Next Virus ‘Hot Spots’ Seen as Michigan, Connecticut, Indiana
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Map Reveals Hidden U.S. Hotspots of Coronavirus Infection
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As virus cases surge in Florida, fears that action came too late
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The Coronavirus’s Unique Threat to the South
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The ‘red’ states on this map are putting the rest of the country at risk amid the spreading coronavirus pandemic
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California hospitals desperate for safety supplies, fear ‘disaster’ as coronavirus wave hits
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U.S. Army rolls into Seattle with field hospital built for combat
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Hawaii sets new high for coronavirus cases but officials say it likely will get worse
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Coronavirus crisis: Underpaid, overstretched nursing staff demand more than applause
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Trump Administration Reportedly Assigns Security Team to Anthony Fauci Fauci on threats to his safety: ‘I’ve chosen this life’
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Coronavirus testing: how some countries got ahead of the rest
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April 2 Update: US COVID-19 Test Results per Day; More Testing Needed
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New England Patriots plane brought 1 million N95 masks from China
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Wearing Masks Must Be a National Policy White House to urge Americans to wear face coverings in public to slow spread of coronavirus After wavering advice, Americans now urged to use face masks to slow coronavirus spread Lifesaver or false protection: do face masks stop coronavirus?
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Everyone wore masks during the 1918 flu pandemic. They were useless.
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Trump says scarves ‘better’ than masks
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Inside America's mask crunch: A slow government reaction and an industry wary of liability
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‘Discount’ Russian coronavirus supplies unloaded at JFK Airport Turning the Tables, Russia Sends Virus Aid to U.S.
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Elon Musk is being criticized after apparently sending BiPAP machines instead of ventilators to a New York hospital
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Singapore's richest man makes US$3.5B selling ventilators
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New research sheds light on how the coronavirus travels through the air — you probably won't walk through virus 'clouds,' but healthcare workers are at risk
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Trump: ‘Complainers’ should have stocked up on supplies before coronavirus crisis
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Nurses at NYC hospital receive gowns after Post trash bag exposé
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One Hospital’s Last Resort to Protect Doctors From Coronavirus: Yankee Rain Ponchos
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Brooks Running to Provide 10,000 Pairs of Shoes to Healthcare Workers
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Justice Department will send seized medical supplies to New York, New Jersey
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Los Angeles mayor says all residents should wear masks
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People are visiting graveyards during coronavirus lockdown because parks are too crowded
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This Midwestern mayor is fighting to get her residents to take coronavirus seriously
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How elite U.S. college students brought COVID-19 home from campus
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A party in a wealthy Connecticut town and a ritzy Austrian ski resort have both become 'super-spreaders' of the coronavirus — but people are still keeping quiet about exposure for fear of being stigmatized
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‘I’m not going to lie, it was a nightmare’: A recovered New Jersey coronavirus patient urges caution — and hope
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The CMS is now covering 80 new telehealth services for Medicare members
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Woman loses parents, brother to coronavirus while husband on life support
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Unexpected Consequence of COVID-19 Crisis: Empty Emergency Rooms
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Ratings:

Rating agencies brace for backlash after rash of downgrades
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Newspapers:

Local newspapers are facing their own coronavirus crisis
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Agribusiness:

U.S. Farm Groups Fight for Access to Virus Small Business Loans
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Nursing Homes:

Nursing Home Linked to 37 Coronavirus Deaths Faces Fine of $600,000
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Tragedy unfolds as deaths rise in Europe’s homes for elderly
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Nursing home infections, deaths surge amid lockdown measures
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Celebs:

Shivering, hallucinating, beaten 'like a piñata': Chris Cuomo's 'haunted' night with coronavirus
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Coronavirus punishes Warren Buffett’s equity holdings
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Media:

As media layoffs grow, industry pleads for urgent relief
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Google Boosts Support for Checking Coronavirus Facts
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Television:

No Live Sports on TV? Consumers Want a Refund
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Sports:

Was That the End of the Season? Maybe
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Rugby in crisis as unions engage in 'unprecedented dialogue'
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As our sports venues become hospitals, there's little to cheer but much to admire
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European football mulls July, August restart; stopping leagues 'last resort'
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Religion:

In life's last moments, U.S. clergy minister to the sick and dying via FaceTime and Zoom
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California Pastor Flouts Stay-at-Home Order, Says It's His First Amendment Right to Do So
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Church Plans to Continue Services Despite Coronavirus Pandemic, Says ‘Jesus Died With COVID-19’
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Churches defy coronavirus restrictions in Brazil and Africa
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Churches allowed to stay open in states particularly vulnerable to coronavirus
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Transit:

Trump administration awards $25 billion in emergency transit funding
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Detroit bus driver, who ranted about a coughing passenger, dies from coronavirus
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New York MTA May Get to Borrow $10 Billion for Operating Costs
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Paper Products:

Toilet Paper: Running The Numbers
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Travel:

Why Is Getting a Refund From an Online Travel Agency So Hard?
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Tech:

Google Is Tracking People’s Movements in Their Communities During the Coronavirus Pandemic Google releases location data to show if coronavirus lockdowns are working
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Economy:

Weekly Initial Unemployment Claims Increase to 6,648,000 New York Unemployment Fund Nears Insolvency as Claims Skyrocket States Will Run Out of Unemployment Funds US Weekly Unemployment Claims Top 6 Million Amid COVID-19 Pandemic Job losses in March could be the worst in a decade, and that’s just the beginning US jobless claims could soon exceed 8 million, economist projects New unemployment claims surge to record-high 6.6 million Over 10 million Americans applied for unemployment benefits in March as economy collapsed US wipes out nearly half of the job gains since the financial crisis in 2 weeks Coronavirus devastates the US job market Unemployment Claims Are Out of Control. Here’s What They Mean US unemployment report is much worse than economists predicted The March jobs report is expected to be ugly. Here's why it'll be just the tip of the iceberg as coronavirus lockdowns spread It’s Not Too Late to Stem the Flood of Joblessness The coronavirus unemployment numbers in perspective Pence Says U.S. Spike in Unemployment From Virus is Temporary
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In Just Three Weeks, 10% of Workers in These States Are Jobless
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Americans say they expect to burn through their limited savings very quickly Half of Adults Making Under $50K Would Run Out of Savings in Three Months
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As millions lose jobs, Fed policymakers say recession is here
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This Will be the Deepest Recession on Record
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Summers: Recovery Will be Fast
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Jobs may not come totally back for years
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Economist: We Have Fallen into the Abyss
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ADB Warns Global Cost Of Virus Could Top $4 Trillion
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Goldman: March Payrolls Preview March Employment Preview
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CBO sees the economy down 7% in second quarter and the jobless rate past 10% U.S. unemployment to shoot up while GDP declines in second quarter: congressional estimators
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Fed’s Kashkari says, ‘We need to err on the side of being generous’ with rescue
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Fed's Kaplan sees severe contraction ahead, more stimulus needed
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Fed’s Mester expects unemployment in U.S. to rise as high as 15%
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Fed balance sheet increases to record $5.86 trillion
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Krugman: The Covid-19 Slump Has Arrived
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This Silent Job Killer Is an Underrated Threat to the Economy
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Forget about returning to jobs as usual after coronavirus
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Virus Rips Into Middle-Class America, Where Finances Are Fragile
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Wealthy L.A. areas have higher rates of coronavirus cases. Why those numbers are deceiving
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Every recession in U.S. history and how the country responded
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A new type of coronavirus test could turn the tide by revealing who has already recovered. Those immune people could go back to work first.
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Pence Says More Than 100,000 Americans Tested Daily for Virus
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One measure of consumer confidence just suffered its sharpest drop on record as coronavirus layoffs persist U.S. Consumer Comfort Posts Record Two-Week Drop on Economy View
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New York City Business Activity Index Drops to Lowest on Record
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Coronavirus hits New York City’s lower-income neighborhoods especially hard
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The Real Reason Epidemiologists and Economists Keep Arguing
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LBO Deadlines Are Here, Leaving Bankers on the Hook for Billions
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Sheryl Sandberg: Coronavirus is exacerbating inequality in the US. Millionaires and billionaires need to take responsibility and do more than they've ever done before.
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Brace for the ‘deepest recession on record,’ says BofA analysts, as jobless claims surge to 6.6 million 'The deepest recession on record': Bank of America slashes forecasts, now sees up to 20 million jobs lost, 15.6% unemployment, and a shrinking economy for 3 straight quarters
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Fitch sees ‘deep global recession’ just 10 days after predicting slow economic growth
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Fed’s New Repo Measures Followed a $100 Billion Treasury Exodus
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Economists fear slow pace of testing will prolong recession Experts warn as many as 1 in 3 coronavirus test results may be incorrectly negative
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Half of humanity now on lockdown More states issue stay-at-home orders as coronavirus crisis escalates
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Trade Deficit decreased to $39.9 Billion in February
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Banks Warn of ‘Overwhelming’ Demand and Messy Start for Small Business Loans Small Business Loans Potentially Overwhelm Banks with Demand
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JPMorgan says it’s not ready for small business loan applications JPMorgan says it’s not ready, lenders call for more clarity on small business rescue program a day before launch
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U.S. Doubles Small-Business Loans’ Rate to 1% After Lenders Balk
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Small-Business Virus Rescue Kicks Off in U.S. Beset by Concerns
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Details Expected Today on Main Street Lending Program for Middle Market Companies
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BofA Prepares for Deluge of Small-Business Loan Applications
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Take Government Aid? We’ll See, Some Businesses Say
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Top U.S. banks may shun small-business rescue plan on liability worries
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Banks raise doubts small business rescue will start on time
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The 2020 CARES ACT Overview of Paycheck Protection Program and Loan Forgiveness
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US banks will reap billions in fees from the government for coronavirus SMB loans
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Here's the plan for how $349 billion in small-business loans will be administered
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Which borrowers will — and won’t — get help under stimulus law
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U.S. gig workers seeking coronavirus jobless benefits hit bureaucratic wall
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Startups Are Scrambling for Access to $349 Billion in Relief Loans
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Some could wait 20 weeks for stimulus checks, IRS tells House Democrats
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Essential Work Should Pay More Than Not Working
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Ending Coronavirus Jobless Benefits for Millions Will Be Tricky
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Top House Republican Kevin McCarthy maintains opposition to ‘Phase 4’ coronavirus package Republicans Stall Next Coronavirus Stimulus As Unemployment Claims Hit Record High House Republicans want to reopen economy by end of April if ‘virus permits’ Record jobless claims but Dems, GOP divide over rescue bill
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Congress Wants A Do-Over On The Disastrous Coronavirus Bill
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Pelosi Says Infrastructure Talks With Mnuchin Are Accelerating
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Evil Things Tucked into Stimulus Bill
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Economic fallout mounts, along with competition for gear
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Ohio Extends Stay-At-Home Order Through May 1
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Pelosi creates House coronavirus stimulus oversight committee Pelosi announces committee to oversee $2 trillion coronavirus response, setting up clash with Trump From Afar, Congress Begins Oversight of Trump Coronavirus Response
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In Sudden Shift, U.S. and China Seek to Cooperate Trump’s contradictory views on China shift as crisis grows
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Amid coronavirus scare, Americans flock to remote land, survival retreats
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My City Friends Want to Wait Out the Virus in My Suburban Home
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Sony donating $100 million to COVID-19 relief
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New blow to workers: Some companies are cutting 401(k) contributions
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Goldman Sachs Has a Point on Credit Recovery, But Be Very Careful
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It took her 20 years to claw out of poverty. Coronavirus could take it all away
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World Bank OKs first $1.9B for poor countries battling virus
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Virus deaths, unemployment accelerating across Europe, US
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Orlando: Half-mile line of cars wait for food bank after theme parks' shutdown put thousands out of work
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'A perfect storm': US facing hunger crisis as demand for food banks soars
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Frightened Workers Stay Away From Factory Floors, Hitting Output
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Virus Lockdowns Confront Billions Working in the Shadow Economy
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In the Informal Economy, There’s No Shelter From the Virus
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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:

This hard truth about the mortgage markets isn’t being told
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Banks Tighten Lending to Nervous Homeowners Hoping to Tap Equity
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Home Lenders Brace for Up to 15 Million U.S. Mortgage Defaults
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Here's What All 50 States Have Done About Evictions During the COVID-19 Pandemic
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U.S. Holds Off on Extending Virus Aid to Mortgage Servicers
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Mortgage Financier Ladder Taps Moelis for Strategic Advice
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U.S. Mortgage Rates Fall While Housing Market Grinds to a Halt Mortgage rates tumble as lenders face increasing difficulties
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A landlord sent an email blast to 300 tenants telling them to pay rent. It inadvertently helped them organize a rent strike.
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America’s housing market is showing the first signs of trouble because of the coronavirus pandemic
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New York City officials are urging Gov. Cuomo to approve an $8 billion plan for rental relief — after renters were left out of the federal coronavirus stimulus
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Coronavirus Puts A Damper On Q1 Manhattan Sales Increases
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Municipalities:

Fed likely to support municipal-debt, says former New York Fed president Case for Fed Rescue of Muni Market Builds With Rout Returning
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As the Fed steps into the municipal bond market, will it be enough?
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States, Cities Already Cutting Jobs With Financial Toll Mounting
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Coronavirus Is Making the Public Pension Crisis Even Worse
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'Here we go again': Detroit, a city on the brink of recovery, reels as coronavirus claims lives Detroit Is Mourning
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Billionaire Dan Gilbert Is Looking To Save Detroit Again, This Time From Coronavirus
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TX: Cities Now Worried About Tax Revenue
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Virginia considers delaying raises, minimum wage increase as coronavirus blows huge hole in state budget
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Oil/Gas:

Whiting Petroleum is just the ‘first domino’ to fall in US shale wipeout, strategist says
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Private equity firm seeks to cut price for failed shale producer
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FTS International Will Find It Hard To Bounce Back
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Mnuchin Says Energy Firms Hit by Oil Rout Can Use Fed Lending
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Trump's Saudi-Russia Oil Gambit Faces Resistance at Home
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Trump’s Push for Huge Deal to Cut Oil Supply Draws Disbelief
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OPEC reportedly set for video meeting as analysts pour skepticism on Trump’s intervention
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Oil, shares slip on doubts over Saudi-Russia deal
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Trump-Tied Law Firm Has Lobbied For Saudi Arabia — The Country Crushing U.S. Frackers
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Coronavirus oil shock prompts Trump’s about-face
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Oil prices spike by a record 25% as Trump talks up huge production cuts and Saudi Arabia calls for OPEC meeting
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Russia: Oil Producing Countries Not Discussing Any New Deal
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If Trump's Diplomacy Fails, $10 Oil Will Threaten U.S. Energy Independence
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Oil crash poses severe test for OPEC+ after Moscow, Riyadh miscalculate
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Oil Surges Record 24% After Trump Claims Saudis Will Cut Production
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Oil majors rush to raise billions in debt as crude prices sink
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Bankruptcy Wave Could Hit Oil Services Stocks
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What Happens If The World Runs Out Of Oil Storage?
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Swings in Oil Have Become the Biggest Threat to Stability in Stocks
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Oil at $4 a Barrel? That’s the Price Belarus Is Offering Russia
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Gasoline Now Costs $11.50 a Barrel Less Than Crude in Europe
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How Did Oxy’s Bosses Get Paid a Bonus?
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Massive OTC oil and gas gathering canceled
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Food/Beverage:

Most restaurants say they can’t survive a shutdown that lasts into May
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Delivery Platform Grubhub to Give $30 Million of Funding to Restaurants After coming under fire for its discount program, Grubhub says it will pay restaurants $250 each
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Why Grocery Stores Don't Have Everything
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Luckin Coffee shares plunge after internal probe into sales
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Uproar Among Workers Supplying the World’s Meat Is Spreading
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An Outbreak Among Farm Workers Would Be Catastrophic
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Desperate shoppers say they can't order groceries for delivery or pickup. Amazon and Walmart are racing to meet the spike in demand.
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Vapiano says it’s filing for bankruptcy
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Tyson Foods obtains $1.5 billion loan from creditors
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Jeff Bezos donates $100 million to U.S. food banks
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Struggling Napa Wineries Offer Deep Discounts and Virtual Tastings
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Aviation:

Boeing offers employees buyouts as U.S. economy shudders
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Boeing to get nearly $900 million in withheld payments from Air Force
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Boeing Sees Thousands of Workers Exiting Amid Travel Market Rout
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COVID-19 puts airlines and aviation-related biz at risk of chain bankruptcy
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Miami mayor asks Trump to suspend domestic and international flights from COVID-19 hotspots to Miami Airport
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American Airlines Gives Up on Most Overseas Flying This Summer
(DBN)

Southwest to Become Second U.S. Airline Applying for Relief
(DBN)

Flight attendants' union leader says relief must go directly to workers
(DBN)

Richard Branson Wants a Virgin Atlantic Bailout. Really?
(DBN)

American Airlines crammed the only 11 passengers on a flight into 3 rows because they only bought basic economy
(DBN)

Cathay Cuts Skeleton Capacity Even Further as Demand Disappears
(DBN)

British Airways Furloughs 28,000 Staff After Deal With Union
(DBN)

Lufthansa Bailout Size Hinges on Germany’s Ticket Refund Appeal
(DBN)

How do airplanes get cleaned?
(DBN)

Pilots Aren’t Being Told When Coworkers Fall Ill, Union Says
(DBN)

____________

Private Equity:

Bipartisan push could save private equity-owned small businesses
(DBN)

Now Private Equity Wants In on the Bailout? Spare Me
(DBN)

____________

Hotels:

Hotels: Occupancy Rate Declined 67% Year-over-year to All Time Record Low
(DBN)

North Texas hotels not just laying off employees — they’re closing
(DBN)

____________

Autos:

BEA: March Vehicles Sales decreased to 11.4 Million SAAR
(DBN)

Tesla soars on delivery numbers -- company delivered 88,400 vehicles in Q1 Tesla's 1Q Car Sales Surged Before Pandemic Shut Things Down
(DBN)

Ford Expects Talks With U.S. on Cash for Clunkers-Like Stimulus
(DBN)

Auto-Parts Suppliers Teeter as Car Production Halts
(DBN)

Automakers are pulling out all the stops, offering deals, shop-from-home programs, and payment assistance to help customers buy and keep their cars amid the coronavirus pandemic
(DBN)

22 lenders that may help you with auto loan and lease payments in response to COVID-19
(DBN)

____________

Cruise Lines:

Carnival Corp. Won't Go Bankrupt: A Dive Into Its Debt
(DBN)

I begged my parents not to go on their Holland America cruise — now their ship is stranded at sea
(DBN)

Holland America Ships Get Conditional Deal to Dock in Florida Holland America tells cruise passengers on Rotterdam ship they won't be getting off for at least 2 more nights after weeks of being stranded at sea
(DBN)

An oral history of an infected, rejected cruise ship
(DBN)

Two Cruise Ships Leave Australia as Authorities Seek Resolution
(DBN)

Cash-strapped Royal Caribbean draws down its revolving credit lines as coronavirus pandemic tests the cruise industry
(DBN)

Fort Lauderdale, Florida-bound Coral Princess confirms 12 coronavirus cases on board
(DBN)

____________

Theatre:

Actors and others exit stage left amid pandemic
(DBN)

____________

Movies:

The Latest Box Office Horror Show? A Total Collapse of Movie Ticket Sales Due To COVID-19
(DBN)

____________

Finance:

FTI Consulting Releases 2020 Survey of U.S. Loan Market
(DBN)

____________

Dairy:

Farmers Are Dumping Milk in Latest Blow to Battered U.S. Dairy
(DBN)

____________

Education:

Cuomo asked why U.S. wasn't ready for mass shift to online education. Here's why.
(DBN)

It's 'most appropriate' to stop giving kids A-F grades and move to pass/fail, school district says
(DBN)

____________

Climate:

Above-average Atlantic hurricane season predicted
(DBN)

____________

Military:

U.S. Commanders Cite Pandemic as They Pull Back Elite Units Around the World
(DBN)

Navy removes aircraft carrier captain who spoke out about coronavirus response from post Veterans Denounce Decision to Remove Navy Captain Brett Crozier
(DBN)

____________

 


New Bankruptcy Opinions
(7 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (14 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (145 new filings today)
(DBN)

Bankruptcy Code (html) - Bankruptcy Code (pdf) Prior BK Codes (pick year from list) - Bankruptcy Rules
(large downloads)

UCLA-LoPucki Bankruptcy Research Database
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Bankruptcy Jobs:

(1) (2) (3) (4) (5) (6) (7) (8)
(DBN)

Seminars - (Contact us to list your seminar)

______________

Bankruptcy Reform:

CARES Act & Bankruptcy: Congress Wants the Largest of Small Businesses to Liquidate
(DBN)

CARES Act Makes Small Business Bankruptcy More Accessible
(DBN)

Small Business Chapter 11 Eligibility Expanded Under CARES Act
(DBN)

____________

Bankruptcy Policy:

Bankruptcy’s Role in the COVID-19 Crisis
(DBN)

____________

Miscellaneous:

Bankruptcy and Creditors' Rights Issues in Light of COVID-19
(DBN)

____________

Contracts:

What Spanish Flu-Era Contract Fights Tell Us about Pandemics and Contractual Performance
(DBN)

____________

Bankruptcy Strategy:

As Bankruptcy Storm Brews, Legal Pros Say Save Cash
(DBN)

____________

Insurance:

Knowing the damage a pandemic could wreak on businesses, insurers excluded coverage.
(DBN)

Insurance companies are under pressure to pay out business pandemic claims they say aren’t covered
(DBN)

____________

Labor:

Labor and Employment Considerations for Businesses Thinking About Chapter 11 Bankruptcy
(DBN)

____________

Utilities:

Power company workers sequester in the office during COVID-19 crisis
(DBN)

California Utilities Urged to Step Up Wildfire Mitigation
(DBN)

Why fire victims should accept PG&E settlement
(DBN)

S&P lowers North American utilities outlook to negative on coronavirus risk
(DBN)

____________

Personal Finance:

This couple got coronavirus on a first date — and they’ve been quarantining together ever since
(DBN)

How to actually do this remote-learning thing while also working from home
(DBN)

Plan B: a Front Porch Wedding
(DBN)

10 ideas to keep you positive, engaged indoors during virus shutdown
(DBN)

I didn't have a quarantine plan when I got covid-19. Trust me: You'll want one.
(DBN)

I Threw a Virtual Birthday Party and 46 People Came. Here’s What I Learned
(DBN)

____________

Politics:

Trump tangles with Schumer over coronavirus response Schumer wants coronavirus czar, blasts Trump’s ‘patchwork’ efforts
(DBN)

Trump Organization Lays Off, Furloughs Hundreds of Workers Amid $1 Million Daily Losses Due to Coronavirus Outbreak: Report Trump Organization Asks Deutsche Bank For Loan Payment Delay
(DBN)

They Can’t Find Ventilators, But The White House Did Manage To Source Golf Carts For Trump’s Summer Tee Time
(DBN)

Trump administration ended pandemic early-warning program to detect coronaviruses
(DBN)

As virus takes hold, resistance to stay-at-home orders remains widespread - exposing political and social rifts
(DBN)

Kushner Puts Himself in the Middle of the White House’s Chaotic Coronavirus Response
(DBN)

Trump sows uncertainty and seeks to cast blame in coronavirus crisis
(DBN)

Trump’s Company Seeks Financial Help as Coronavirus Takes Toll
(DBN)

Trump is blowing the US response to coronavirus because he can't handle bad news
(DBN)

Trump and His Evolving Coronavirus Story
(DBN)

Cuomo Emerges as ‘Trump Whisperer’ During Coronavirus Crisis
(DBN)

Trump again tests negative for coronavirus
(DBN)

Trump’s Approval Rating Is Holding Up. For Now.
(DBN)

El Paso County, CO GOP questioned whether COVID-19 was a ‘psyop’
(DBN)

Russia spreads coronavirus lies, but they were made in America
(DBN)

Engineer intentionally crashes train near hospital ship Mercy, believing in weird coronavirus conspiracy, feds say
(DBN)

Biden campaign asks Trump campaign to pull spliced video, testing Twitter
(DBN)

Trump Is Politicizing the Pandemic. Governors Can Fight Back.
(DBN)

Professors, Journalists Call Out Fox News’ Coronavirus Misinformation In Scathing Letter
(DBN)

Extremists see global chaos from virus as an opportunity
(DBN)

‘Missing In Action’: United Nations Struggles in Coronavirus Fight
(DBN)

The Coronavirus Test Is Too Hard for Trump
(DBN)

How experts worry the coronavirus outbreak could cloud the 2020 general election
(DBN)

Democrats Delay Presidential Convention Until August, Citing Coronavirus
(DBN)

As world battles virus, governments under fire
(DBN)

Wisconsin has an election April 7 in the middle of a pandemic. It’s shaping up to be a debacle.
(DBN)

Foreign governments hire U.S. lobbyists to promote their efforts fighting the coronavirus outbreak
(DBN)

US bankruptcy judge rules against Bill Brady and his brothers
(DBN)

____________

Fraud:

Luckin Coffee shares plummet 73% after financial misconduct investigation launched Starbucks rival Luckin Coffee faked nearly half of its roughly $732 million in sales, according to an internal investigation that found the Chinese coffee giant's COO fabricated orders China’s Biggest Car Rental Firm Sinks 72% on Luckin Connection Luckin Coffee debacle a ‘wake-up call’ for investors
(DBN)

Lori Loughlin Court Filing Blasts 'Overzealous' Prosecutors: You Failed to Charge a Real Crime
(DBN)

Judge in Elizabeth Holmes Fraud Case Pushes Forward With Summer Trial Date Despite COVID-19
(DBN)

Georgia Senator Loeffler Did Quick Dump of Travel Company Stock
(DBN)

____________

Taxis:

$2.50 an hour and exposure to riders who may have the virus: Uber drivers say their income has collapsed and help has been sparse. Here's how bad it is.
(DBN)

Uber drivers and other gig economy workers were promised unemployment benefits. It may be a long wait.
(DBN)

____________

Retailing:

Apple Tells Staff U.S. Stores to Remain Closed Until Early May
(DBN)

J.C. Penney Pays April Rent With Other Retailers Holding Back
(DBN)

How Retailers Should Communicate with Landlords Amid COVID-19
(DBN)

Masked and Gloved Retail Workers Coming to America’s Stores
(DBN)

Sears sues to recover payments made to bike vendors prior to bankruptcy
(DBN)

Hobby Lobby told to “cease and desist” after it reopens stores
(DBN)

Is the Board to Blame?
(DBN)

Fearful Hobby Lobby employees show what it's like to work in a store that reopened in defiance of state-mandated shutdowns during the coronavirus
(DBN)

J. C. Penney: Bankruptcy Risk Increases With The Extended Store Closures
(DBN)

Instacart to provide face masks for workers as part of COVID-19 safety kit
(DBN)

Office Depot and Staples employees say their stores' 'essential' designation is misleading as they sell out of cleaning and work products
(DBN)

Thousands of former Costco sample servers have reportedly been laid off as the 3rd-party company that staffs them shuts down operations
(DBN)

An Amazon delivery driver has tested positive for COVID-19, as workers throughout the company's supply chain worry about their safety
(DBN)

Amazon vowed to crack down on coronavirus profiteering. Some sellers have figured out loopholes.
(DBN)

Leaked Amazon Memo Details Plan to Smear Fired Warehouse Organizer: ‘He’s Not Smart or Articulate’ Top Amazon executive sought to put focus on fired worker in attempt to divert from safety criticism
(DBN)

'I'm scared to go to work': Grocery store workers on the frontlines of the COVID-19 pandemic
(DBN)

Amazon hires 80,000, adds safety precautions at warehouses
(DBN)

____________

Maritime:

Coronavirus Pushes Shipping Companies Into Survival Mode
(DBN)

Hornbeck Offshore plans to file for Chapter 11 bankruptcy protection
(DBN)

____________

Executive Compensation:

Payday Before Mayday: CEO Compensation Contracting for Distressed Firms
(DBN)

____________

Pensions:

Pensions In A Pandemic: Is One Man’s Bailout Another Man’s Pension Funding Relief?
(DBN)

____________

UK:

UK records 569 coronavirus fatalities on deadliest day so far The UK recorded its 2 worst days in a row for the coronavirus, and now the country 'is on a much worse trajectory for deaths than China'
(DBN)

U.K. Seeks Cold Storage Warehouse to Hold Bodies
(DBN)

Directors’ Duties in the context of Covid-19 – UPDATED
(DBN)

Bloomin' disaster - UK’s garden industry faces ruin from coronavirus crisis
(DBN)

U.K.’s Sunak Expands Coronavirus Loan Program to Help More Firms
(DBN)

Under-fire Johnson says UK will 'massively increase testing' UK aims to carry out 100K tests by end of month Johnson’s Virus Test Target Is Already Being Pushed Back in U.K. After Lost Months, Britain Vows to Catch Up on Virus Testing
(DBN)

UK doctors could have to take ventilators from patients to prioritize those most likely to survive
(DBN)

The UK plans to issue coronavirus 'immunity passports' so Brits can leave the lockdown early
(DBN)

Years of UK jobs growth wiped out by coronavirus
(DBN)

____________

EU:

Overview of the EU measures designed to address the economic consequences of Covid-19
(DBN)

The Coronavirus Exposes the EU’s Limited Power
(DBN)

Coronavirus could lead to breakup of European Union, leaders warn
(DBN)

Europe Feels Jobs Shockwave With Shutdown Damage Spreading
(DBN)

EU Says It Should Have Acted Faster to Help Italy After Outbreak
(DBN)

Service sector activity tumbles across Europe
(DBN)

EU internal borders could stay shut
(DBN)

In This European Country, Hospitals Are as Scary as the Coronavirus
(DBN)

____________

PIIGS:

Italy's Coronavirus Outbreak May Have Peaked
(DBN)

The Virus Will Force Europe to Make a Decision About Italy
(DBN)

Spain records 950 COVID deaths in one day Spain’s Deadly Day Signals No Letup in Europe’s Virus Lockdown
(DBN)

Italy Reports Leveling Off of Virus Deaths, New Cases
(DBN)

Milan shuts crematorium to deal with body backlog
(DBN)

Greece Says 143 Coronavirus Cases on Ferry, in Refugee Camp
(DBN)

Italy and Spain see 'first positive signs' in coronavirus crisis, ambassadors say
(DBN)

____________

Canada:

Oilpatch workers face pay cuts and layoffs as companies like Cenovus react to low prices
(DBN)

Energy industry in Canada needs $20 billion in aid, Kenney says
(DBN)

85% of Canadian troops ordered into isolation to prepare for COVID-19 operations
(DBN)

Jobless Claims Reach 2.13 Million in Canada After Lockdowns
(DBN)

____________

Russia:

Putin Orders Russians to Stop Working During April to Curb Coronavirus
(DBN)

____________

MENA:

Death in the Holy Land: Coronavirus changes burial for Jews, Muslims
(DBN)

After ignoring warnings, Israeli ultra-Orthodox hit by virus
(DBN)

Cloak-and-Dagger Agents on Front Line in Israel Coronavirus War
(DBN)

Pakistan, Bangladesh try to stop Friday prayers to avert coronavirus spike
(DBN)

____________

Finland:

Finland is told its welfare state can't cope with virus fallout
(DBN)

____________

France:

France Converts World's Largest Wholesale Food Market Into Temporary Morgue
(DBN)

____________

Indonesia:

Indonesia Is Ready to Add to $25 Billion Stimulus, Minister Says
(DBN)

____________

Mexico:

Coronavirus in Mexico: Street vendors agonize over health or livelihood
(DBN)

____________

North Korea:

North Korea insists it is free of coronavirus
(DBN)

____________

Turkey:

Turkey’s Coronavirus Death Toll Rises 28.5% to 356
(DBN)

____________

Argentina:

Argentina Floods Empty Streets With Cash as Crisis Lending Grows
(DBN)

____________

Germany:

German companies in the dock over dividend plans
(DBN)

Germany Expects Economy to Contract 5% in 2020 on Virus Fallout
(DBN)

Private Labs Helped Germany Test 1 Million For Covid-19 Virus
(DBN)

German Virus Deaths Pass 1,000 as Fatalities Continue to Rise
(DBN)

____________

Africa:

Half of All Jobs in Africa Imperiled by Virus Fallout
(DBN)

Africa Meets Pandemic With Violence, Confusion
(DBN)

____________

India:

IBC cannot be used as a threat
(DBN)

Indian corporates hit by coronavirus lockdown declare force majeure
(DBN)

Modi praises the Indian public amid nationwide Covid-19 lockdown
(DBN)

____________

Ecuador:

Ecuadorians live with dead relatives amid coronavirus pandemic
(DBN)

With Deaths Surging, Ecuador Now Sees Toll Far Beyond Estimates
(DBN)

____________

Brazil:

Bolsonaro Says Coronavirus 'Not All It's Being Made Out to Be'
(DBN)

____________

China:

As China goes back to work, many wonder if the country’s recovery can be trusted
(DBN)

One Worker’s Grueling Journey Home Shows China Isn’t Normal Yet
(DBN)

Fresh Coronavirus Testing in China Finds More Symptomless Cases
(DBN)

____________

Japan:

Japan Fears Country on ‘Brink of the Brink’ of Virus Surge
(DBN)

____________

Singapore:

Singapore shuts schools temporarily, closes work places to curb coronavirus
(DBN)

____________

Australia:

Australia May Boost Bond Sales at Record Pace to Fund Stimulus
(DBN)

Australia’s Budget Deficit Seen Blowing Out to 8.1% of GDP
(DBN)

____________

Malaysia:

Malaysia Sees Possible Contraction as Growth Forecasts Slashed
(DBN)

____________


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