August 12, 2020

The Daily Bankruptcy News

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Law:

1L At Top Law School Plans Party Without Masks. Dean Reminds Them There’s Still A Freaking Pandemic Going On.
(DBN)

Firm Leaders Find More Frequent, Transparent Communication Key During Pandemic
(DBN)

The Vanishing Trial
(DBN)

The Biglaw Firm Receiving Top Marks For Diversity
(DBN)

Bankruptcy Paralegal Heather Heyer's Encounter With America's Deepest Disease
(DBN)

In expansion push, Dentons announces combination with law firm of nearly 100 lawyers
(DBN)

World’s Largest Law Firm Announces Biggest Pandemic Combination Yet
(DBN)

Kandi Burruss Is Going To Law School
(DBN)

With scholarship ruse, law school assistant dean of admissions is accused of stealing $74K
(DBN)

Pepperdine Caruso Dean Follows Lead Of Penn State Dickinson Dean In Giving $125,000 To Help Law Students With Emergency Needs
(DBN)

California Supreme Court Refuses To Apply New Cut Score Retroactively
(DBN)

Harvard law prof claims reporter sexually harassed him, twisted facts in ‘gullible man’ story
(DBN)

E. Jean Carroll Is Out For Blood. Literally.
(DBN)

Appeals court re-hears bid by ex-Trump aide Michael Flynn to toss prosecution Flynn's Pursuit of 'Unicorn of Remedies' Presents Broad Questions of Judicial Power Former US Attorney shocked by incoherence of Michael Flynn’s lawyer, "word salad" Appeals court seems unlikely to order judge to immediately dismiss Michael Flynn's case Court Seems Wary of Dismissal in Flynn Case Acting Solicitor General Tells Full D.C. Circuit That Barr Has Secret Reasons for Dismissing Michael Flynn Case
(DBN)

Maxwell’s lawyers say Epstein’s suicide is affecting her treatment in jail Ghislaine Maxwell says she is being mistreated in jail and that she should be taken out of solitary confinement Who is Ghislaine Maxwell and what is she charged with?
(DBN)

Les Wexner, the billionaire founder of Victoria's Secret's parent company, may be forced to share more about his ties to Jeffrey Epstein
(DBN)

Billionaire’s Camp Responds That They Honestly Have No Idea What Dershowitz Is Talking About
(DBN)

Netflix’s new Jeffrey Epstein docuseries explores conspiracy theories and crime cover-ups
(DBN)

Conservative Lawyer Sues CNN for Alleged ‘Effort’ to ‘Smear and Defame’ Dr. Judy Mikovits
(DBN)

Seattle police chief retires after vote to trim up to 100 cops, $3 million from the force
(DBN)

BP worker gets $200,000 payout after being fired for Hitler meme
(DBN)

Most white people don’t believe racial discrimination exists at their workplace, but nearly half of Black employees disagree
(DBN)

CDC team is at federal immigration facility to address virus
(DBN)

Judge orders ICE to stop transfers into Virginia facility hit hard by coronavirus
(DBN)

Trump considers blocking Americans at border, but legal authority is shaky
(DBN)

'It's a lifestyle': California gyms refuse to close, defying statewide restrictions
(DBN)

OR: Gov. Brown considers masks requirements for office workers; closing prisons
(DBN)

A 17-year-old Sesame Place employee was brutally attacked after asking a visitor to wear a mask, revealing a crisis for workers across America
(DBN)

Lawyer Suspended for ‘Serial Misappropriation’ of Client Money
(DBN)

Suit claims anti-bias ethics rule infringes lawyer’s free speech rights
(DBN)

Sheriff's Department Catches Alleged Drunk Driver on Riding Lawnmower
(DBN)

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Judges:

Progressive Groups Prepare To Reshape The Courts Under A Biden Presidency
(DBN)

Trump Says He Already Has 'Excellent' Supreme Court Nominee Lined Up in Case of Surprise Vacancy
(DBN)

Quoting 'To Kill a Mockingbird,' a judge struck down Trump's rollback of a historic law protecting birds
(DBN)

Campbell Law School Dean J. Rich Leonard, Former Bankruptcy Judge, Named Fulbright Specialist Scholar
(DBN)

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Wall Street:

Stock futures slightly higher after S&P 500 snaps seven-day winning streak
(DBN)

US stocks fall as tech slump outweighs tax-cut hopes S&P 500 closes lower for the first time in eight days as tech shares drop
(DBN)

Warren Buffett's favorite market indicator soars to 30-month high, signaling global stocks are overpriced
(DBN)

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Layoffs:

Companies are talking about turning ‘furloughs’ into permanent layoffs
(DBN)

200 UTMB employees face layoffs
(DBN)

Wacker Neuson making 186 layoffs
(DBN)

Mozilla is laying off 250
(DBN)

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Autos:

Hertz sold $29 million in shares before the SEC stopped it from selling even more, despite filing for bankruptcy in May
(DBN)

Hertz bankruptcy: Rental car company asks for a loan as it tries to restructure
(DBN)

Avis and Hertz Face Big Setbacks as Airports Still Remain Desolate
(DBN)

VW’s Finance Arm Takes $590 Million Hit and Braces for More Pain
(DBN)

How COVID-19 Completely Disrupted Car Markets
(DBN)

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Education:

Half of U.S. elementary and high school students will study virtually: Research
(DBN)

U.S. Schools Are Short Two Things for the Reopen: Staff and Cash
(DBN)

Georgia School District Orders 850 Students, Teachers Quarantined
(DBN)

Boston refused to close schools during the 1918 flu - then children began to die
(DBN)

If you can punish a teenage girl for spaghetti straps, you can enforce a mask mandate
(DBN)

5 photos from schools that have reopened show a disaster in the making
(DBN)

The stress of the unknown is taking a massive toll on parents
(DBN)

As U.S. Schools Reopen, Israel’s Mistakes Offer Cautionary Tale
(DBN)

Proposed Merger Blurs the Line Between For-Profit Colleges and Public Universities
(DBN)

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Politics:

Joe Biden has picked Kamala Harris, his former 2020 rival, to be his vice presidential running mate Here’s what Kamala Harris brings to Joe Biden’s campaign for president Kamala Harris: 10 Things Biden and Harris are the first Dem ticket without Ivy League degree since 1984 ‘I think it’s great’ – Wall Street execs are glad that Biden picked Harris How sexism is going to make Kamala Harris's life harder In picking Harris, Biden makes history and plays it safe Kamala Harris Brings Experience and Law-and-Order Baggage to Biden Ticket Kamala Harris' Criminal Record, Explained Kamala Harris, Biden’s VP pick, played hardball with banks during financial crisis cleanup Trump Calls Harris ‘Meanest’ and ‘Most Horrible’ U.S. Senator
(DBN)

Inside Biden's unusual VP pick process: Tough questions, 11 finalists and many lawyers
(DBN)

Congressional candidate quits race following arrest
(DBN)

Economic crisis in Kentucky has workers, businesses furious with McConnell
(DBN)

Voting in five states opens with no wait times, smooth ballot processing
(DBN)

Trump's latest falsehood: Democrats are trying to end signature verification for ballots
(DBN)

Obama’s Use of Executive Power Outdid Trump’s Trump thinks the law doesn't restrain him. The Supreme Court just agreed
(DBN)

The legal questions surrounding Trump’s new executive orders, answered
(DBN)

Kanye West And The Legal Battle Over 14 Seconds
(DBN)

QAnon supporter, with Georgia primary victory, is poised to bring far-right conspiracy theory to Congress
(DBN)

End of an era? Trump says he won't hold rallies with empty seats.
(DBN)

Supreme Court again stops pandemic-related decision on election procedures
(DBN)

States Shield Mail-In Voting From Postal Delay Under Trump Glare
(DBN)

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Religion:

Disgraced West Virginia bishop Michael Bransfield was told a year ago to make restitution. His successor says Bransfield has gone incommunicado.
(DBN)

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Cosmetics:

Masks may be causing a blow to lipstick sales, but eye makeup sales are booming as Americans find creative ways to use cosmetics
(DBN)

How the beauty industry is surviving the pandemic
(DBN)

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Newspapers:

Newspapers Won't be Printed in 20 Years
(DBN)

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Nursing Homes:

US nursing home operator pleads for government aid
(DBN)

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Economy:

Core U.S. Producer-Price Gauge Accelerates From a Year Ago
(DBN)

Countries beating coronavirus appear to be getting ‘rewarded’ in the market
(DBN)

This number shows a stunning reversal in the chances of Main Street’s survival
(DBN)

Small Firms Die Quietly, Leaving Thousands of Failures Uncounted
(DBN)

The Next Global Depression is Coming
(DBN)

What Jobs Won't be Coming Back
(DBN)

GOP, Dems share blame for unemployment aid lapse, voters say in CNBC/Change poll McConnell: Time to restart coronavirus talks What Mitch McConnell wants in the next stimulus bill White House clarifies limits of new jobless aid plan as talks with Congress dim
(DBN)

Trump Pledges Big Tax Cuts That May End Up Nowhere as Stimulus
(DBN)

Trillions in coronavirus spending is putting AOC's favorite economic theory to the test
(DBN)

The Trump administration says new unemployment benefits will be available 'in the next week or 2.' But governors say they will take much longer to implement.
(DBN)

U.S. will eventually experience ‘the normal effects of recession,’ says J.P. Morgan’s Jamie Dimon
(DBN)

The coronavirus recession has slammed American workers at every education level, but it's hit the least educated the worst
(DBN)

Trump’s $400 unemployment boost would give Americans $708 a week, on average
(DBN)

Consumer advocates suggest forgiveness for unpayable utility-bill arrears
(DBN)

Next Painful Coronavirus Question Is About the Unemployed
(DBN)

Slashing extra federal unemployment benefits to $200 per week would lead to a 28% drop in consumer spending, study finds
(DBN)

Why Democrats are holding out for more comprehensive stimulus
(DBN)

Virus Worsens the U.S. Gender Pay Gap, With Women Losing Out
(DBN)

N.Y., N.J. and Conn. to require travelers from 32 states to quarantine
(DBN)

National Governors Association leaders express concern over Trump's unemployment order
(DBN)

The PPP loan program left too many American small businesses out to dry
(DBN)

How Trump’s executive order on payroll tax deferral affects workers, companies
(DBN)

How decades of US welfare policies lifted up the white middle class and largely excluded Black Americans
(DBN)

The Next Financial Crisis Is On The Way
(DBN)

With no end to the pandemic in sight, coronavirus fatigue grips America
(DBN)

Many workers don't get new paid sick leave, because of 'broad' exemption for providers, report finds
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Rental Divide Pushes U.S. Affordable-Housing Owners to the Brink
(DBN)

CoreLogic: "Overall Mortgage Delinquency Rates Beginning to Climb"
(DBN)

Bankruptcies, abatements cost mall landlords hundreds of millions of dollars in Q2
(DBN)

UWM announces 1.99% rate for 30-year fixed mortgage
(DBN)

'The big mall short': Icahn scores $1.8b betting against shopping centres
(DBN)

Shopping center operator Federal Realty CEO on raising dividend: ‘We’re built for this’
(DBN)

As the Pandemic Empties Office Buildings, Can Those Spaces Help Solve the Housing Crisis?
(DBN)

States with the best housing policies for renters during COVID-19
(DBN)

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Municipalities:

The death of New York? Business leaders warn of downward spiral as chains like JC Penney, Neiman Marcus, Le Pain Quotidien and Subway permanently close Manhattan branches after mayor's pandemic bungling sees mass exodus
(DBN)

Harvey, Illinois, gets two years to refinance defaulted bonds
(DBN)

Coronavirus lands Nassau County a negative outlook
(DBN)

States are already borrowing to pay for jobless benefits
(DBN)

Record Bankruptcies Potentially Impact Local Property Tax Revenues
(DBN)

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Oil/Gas:

Hermitage Offshore Services Ltd. and 28 subsidiaries file voluntary Chapter 11 petitions amid global oil slump and coronavirus pandemic Hermitage Offshore Services files for chapter 11
(DBN)

Bankruptcies Accelerating in North American Oil Patch, with More Carnage Said Likely U.S. energy bankruptcy surge continues on credit, oil-price squeeze
(DBN)

How the coronavirus pandemic is debunking some myths of the energy industry
(DBN)

Petrostates Glimpse Their Peak-Oil Future With Summer of Strife
(DBN)

Occidental's $8 billion perfect storm shows pressure on U.S. oil industry
(DBN)

Trump Administration Abandons Obama-Era Curbs on Methane Leaks
(DBN)

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Tech:

Amazon, Apple, Google, and a bunch of other tech giants are rallying against President Trump's visa freeze
(DBN)

Facebook says it's taken down 7 million posts for spreading coronavirus misinformation
(DBN)

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Healthcare:

Florida reports another daily record for coronavirus deaths
(DBN)

U.S. again tops 1,000 deaths a day, as Florida and Georgia hit record highs
(DBN)

America’s uniquely bad Covid-19 epidemic, explained in 18 maps and charts
(DBN)

A Negative Covid Test Does Not Mean Recovery
(DBN)

Fauci questions safety of Russian coronavirus vaccine Russia Doesn’t Really Know Whether Its Covid Vaccine Works Ex-FDA chief Gottlieb wary of Russia’s coronavirus vaccine: ‘I wouldn’t take it’ ‘Cheating on scientific process’: Alarm among experts at sped-up Russia vaccine Russia says there is ‘major information warfare’ against its coronavirus vaccine Putin’s plan for Russia’s coronavirus vaccine is at ‘high risk of backfiring,’ expert says Fauci says he 'seriously doubts' that Russia has developed a safe and effective COVID-19 vaccine after Putin approved of the world's first vaccine Russia Defends First Covid-19 Vaccine as Safe Amid Skepticism
(DBN)

Meet the most important federal official you probably don't know - the man who holds the fate of the coronavirus vaccine in his hands
(DBN)

Mississippi's Only Federally Recognized Indian Tribe Bears Brunt of State's COVID-19 Cases
(DBN)

Teen Tobacco Use Linked to Higher Risk of Covid-19, Study Finds Teen vapers up to 7 times more likely to get Covid-19 than non-e-cig users, says new Stanford study
(DBN)

Not Even Herd Immunity Can Fully Protect Us
(DBN)

Herd Immunity is Slowing Down Covid in Parts of the US
(DBN)

Covid Can Turn a Human Body Against Itself
(DBN)

More than 50 guests can attend New York weddings amid COVID-19 pandemic, federal judge rules
(DBN)

House hopeful hosts 300 at event, forgoes mask
(DBN)

South Dakota health officials watch for the coronavirus as motorcyclists descend
(DBN)

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Sports:

President Trump claims college football players are in too good shape to die of COVID-19
(DBN)

Trump's call into a sports radio show reveals the politics behind his push to restart college football
(DBN)

'Home market bubbles' could be the path forward for an uninterrupted NFL season
(DBN)

College football is caught in the coronavirus culture war. The only smart choice is caution.
(DBN)

The NHL playoffs in a bubble will be weird, wacky and unprecedented. Strap in.
(DBN)

MLB teams explore using cameras to detect maskless fans at games
(DBN)

MLS's Florida tournament was Disney fantasy. Now teams return home to the pandemic's reality.
(DBN)

Trump calls his NBA critics 'very nasty' and 'very dumb'
(DBN)

College football splinters and teeters as Big Ten and Pac-12 cancel fall seasons Big 12 To Go Ahead With Football Season, ESPN and Yahoo Report
(DBN)

Florida governor says he'd welcome players from conferences that have canceled fall sports
(DBN)

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Coal:

'No place to go:' US coal employment, production nosedive in wake of pandemic
(DBN)

Contura Energy Will Accelerate Exit From Thermal Coal Business, Citing Global Transition Away From Fossil Fuels
(DBN)

Reckoning in coal country: How lax fiscal policy has left states flat-footed as mining declines
(DBN)

Murray Energy’s Limited Disclosures on Ohio Conspiracy Case Leave Big Questions Unanswered
(DBN)

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New Bankruptcy Opinions
(4 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (21 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (20 new filings today)
(DBN)

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

UCLA-LoPucki Bankruptcy Research Database
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Bankruptcy Jobs:

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

Seminars - (Contact us to list your seminar)

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Bankruptcy Statistics:

BK MN: Updated Case Filing Statistics
(DBN)

U.S. corporate bankruptcies on pace to hit 10-year high amid pandemic: S&P Global U.S. bankruptcies on track for 10-year high with more than 100 consumer companies already filing Corporate bankruptcies on pace for 10-year high
(DBN)

Bankruptcies remain down year-over-year, but concern remains
(DBN)

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D&O:

D&O insurance basics (Part 2)
(DBN)

Thinking About D&O Coverage Exclusions
(DBN)

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Ipso Facto:

Second Circuit: Lehman Brothers “Flip Clause” Payments Are Protected Settlement Payments and Not Void as Ipso Facto Bankruptcy Provisions
(DBN)

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Automatic Stay:

Alabama Bankruptcy Court Substantially Reduces Award of Attorney’s Fees
(DBN)

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Litigation:

Litigation Finance – Quickly Evolving Beyond “Traditional” Uses
(DBN)

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Aviation:

Boeing 737 Max Return Outside U.S. Seen Slowed by Regulators
(DBN)

Boeing order cancellations outpace new sales for sixth straight month
(DBN)

Boeing’s lost Max orders top 400 this year, 787 deliveries drop
(DBN)

The rate of TSA gun discoveries tripled in July — and more than 80% of found firearms were loaded
(DBN)

U.S. Airlines Hit Turbulence Amid COVID-19 Pandemic
(DBN)

Nigeria’s Biggest Airline Will Recall Some Fired Pilots
(DBN)

British Airways CEO Reports Progress on Talks Amid Union Dispute
(DBN)

Airbus Presses on With New Plane Seen as Immune to Travel Slump
(DBN)

Caribbean Carriers Split Between Profits and Bailouts
(DBN)

Thai Airways must pay B5.4bn in pensions
(DBN)

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Fitness:

Crunch Fitness members speak out against 'dangerous' and 'tone deaf' plea from the gym chain urging them to harass New York's governor to reopen fitness centers
(DBN)

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Retailing:

'It’s unsustainable': Five months into the pandemic, retail chains abandon Manhattan
(DBN)

Brooks Brothers enters purchase deal with retailer SPARC
(DBN)

Grocery stores might be the next big thing to move into malls
(DBN)

Simon sees a big and profitable upside in acquiring retail tenants
(DBN)

There May Be More To Amazon Reportedly Wanting To Turn JCPenney Stores Into Storage Than Apparent
(DBN)

Arizona man throws tantrum about masks — and his son has to pick him up and carry him out of the store
(DBN)

Bank of America, Wells Fargo among US banks with high retail exposure
(DBN)

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Pharma:

Last-minute move by Big Pharma company aims to upend sale of onetime unicorn Proteus
(DBN)

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Food/Beverage:

OpenTable’s New CEO Sees a Shakeout Looming for U.S. Restaurants
(DBN)

Former NORPAC farmers could receive some back money under settlement
(DBN)

Diseased Chicken for Dinner? The USDA Is Considering It
(DBN)

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Gig Economy:

California AG says ‘court saw straight through’ Uber and Lyft’s ‘bogus argument’
(DBN)

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Cruise Lines:

Cruise Industry in Troubled Waters
(DBN)

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Mass Torts:

BSA victims committee targets Tennessee property transfers
(DBN)

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Fraud:

Americans have lost about $100 million to fraud related to Covid-19
(DBN)

Positive test for coronavirus prompts delay of fraud trial
(DBN)

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UK:

Willkie Expands Business Reorganization and Restructuring Team in London with Addition of Edward Downer
(DBN)

British Workers Not on Furlough Continue to Put in the Hours
(DBN)

UK enters recession after GDP plunged by a record 20.4% in the second quarter U.K. Has Worst Economic Slump in Europe With 20.4% Contraction
(DBN)

Commercial insurance prices surge 19%
(DBN)

'Over expansion' of universities is leaving poorer students with 'heavy debts for little economic benefit' think tank warns as it calls for 'radical reform' of sector
(DBN)

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Canada:

Canadian Housing Starts Unexpectedly Jump to Most Since 2017
(DBN)

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MENA:

UN Sends 50,000 Tons of Wheat to Lebanon to Avert Food Crisis
(DBN)

Lebanon's crises are only getting worse
(DBN)

Paint thinner and other flammable material may have ignited devastating Beirut explosion
(DBN)

Court Issues MBS a Summons Over Hit Squad
(DBN)

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France:

French Riviera restaurants and clubs are shutting down one by one as maskless partiers and lax rules cause a coronavirus outbreak
(DBN)

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Japan:

Business failures in Japan drop slightly due to relief measures
(DBN)

Japan’s Economy Seen Taking Four Years to Regain Lost Ground
(DBN)

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Singapore:

Singapore’s top banks brace for more challenges after reporting a plunge in profits
(DBN)

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Australia:

Insolvency and restructuring expert joins Hall & Wilcox as specialist partner
(DBN)

Australia’s Victoria Has Deadliest Day With 21 Virus Fatalities
(DBN)

Australia Households Spooked as Confidence Collapses on Victoria
(DBN)

Preparing for the “New” Normal: Key Points for Australian Businesses to Consider
(DBN)

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India:

Bank debt restructuring to delay bad loans recognition: Fitch
(DBN)

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South Africa:

South Africa May Ease Virus Lockdown This Week, Sowetan Says
(DBN)

South Africa Nears the Point of No Return
(DBN)

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Russia:

Putin’s Hopes of Middle Class Revival Ditched by Retailers
(DBN)

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Argentina:

Investors are now focused on the IMF and Argentina’s fiscal policy, “which has been hard to come by”
(DBN)

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