August 27, 2020

The Daily Bankruptcy News

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Law:

Overbilling suit alleges K&L Gates used these techniques to increase fees
(DBN)

Another Biglaw Firm Admits It Overreacted To COVID-19, Will Partially Walk Back Salary Cuts
(DBN)

A growing number of law firms at least partly roll back salary cuts
(DBN)

Incoming Biglaw Associates Need To Know: Do They Still Have Jobs?
(DBN)

New Law Firm Strategies for Growth Amid COVID-19 and After
(DBN)

Bar Examiners Attempt Mind Trick On Diploma Privilege Petition, Fail
(DBN)

Law Professors Should Have More Practical Experience
(DBN)

Yale Law School Professor Jed Rubenfeld Suspended Following Sexual Harassment Investigation Yale Law School professor accused of sexual misconduct is suspended for 2 years
(DBN)

Ukraine Whistleblower’s Lawyers Representing Alexander Vindman's Brother in Retaliation Complaint Against Trump
(DBN)

Tiffany Trump Graduated From A T14 Law School, But May Need A Job
(DBN)

First, Biglaw Rejected Him. Now He’s A Partner And He Wants To Help Young Lawyers
(DBN)

Dispatches From The Liminal Zone Of The Legal Profession Under COVID
(DBN)

New York Tries to Reassure Test Takers About Online Bar Exam
(DBN)

Boy Scouts Seek to Curb ‘Misleading’ Sex Abuse Ads by Law Firms
(DBN)

The police shooting of Jacob Blake, explained Initial Account of Jacob Blake Shooting
(DBN)

Trump to Send Law Enforcement to Quell Protests in Wisconsin Trump Says He’s Sending Federal Law Enforcement into Kenosha After Phone Call with Democratic Governor
(DBN)

17-Year-Old Identified, Arrested and Charged in Deadly Kenosha Shooting
(DBN)

71 arrested in Breonna Taylor protests in Louisville
(DBN)

ACLU Sues Over Illegal Arrests in Portland
(DBN)

Kenosha Police Chief Blames Protesters for Their Own Deaths, Defends Vigilante Groups Police Thank Teen Militia for His Help Tucker Defends Kenosha Teen Assassin's Action Kenosha Teen Assassin at Trump Rally Facebook Takes Down Kenosha Guard Page Facebook initially failed to remove a Kenosha militia page despite complaints Cops Say Jacob Blake Had Knife in Car
(DBN)

The Hatch Act, the law Trump flouted at the RNC, explained
(DBN)

'They were about to embalm her': A Michigan funeral home noticed a 'dead' woman was actually breathing
(DBN)

Drugmaker accuses plaintiffs law firm of running misleading ads about HIV medications
(DBN)

Kareem Abdul-Jabbar's Son Ruthlessly Stabbed 60-Year-Old Neighbor in Argument over Trash Cans: District Attorney
(DBN)

Woman Slit Her 4-Year-Old Daughter's Throat, Claimed She Did It to 'Save' Her: Police
(DBN)

The Obscure Constitutional Loophole That 2020 Is Blowing Wide Open
(DBN)

All Out War Over Mail Voting Erupts in Courts
(DBN)

Michael Cohen: I Saved Falwell Too
(DBN)

DHS Discussed Using Heat Ray on Migrants
(DBN)

Ammon Joy Bundy Arrested Again in Idaho
(DBN)

Employers Can Watch Drug Test Urination, Ohio Court Rules
(DBN)

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Judges:

BK WD LA: Hurricane Closures
(DBN)

Judge doesn’t have qualified immunity for alleged sex harassment, 3rd Circuit says
(DBN)

Judiciary Report Underscores Commitment to Civics Education
(DBN)

What’s It Like To Clerk For Ruth Bader Ginsburg? When Your Boss is Notorious: Clerking for R.B.G. (Video)
(DBN)

Court Cites Neil Gorsuch’s Opinion While Allowing Transgender Student to Use Bathroom of Choice
(DBN)

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Wall Street:

Stock futures slip as Wall Street awaits speech from Fed’s Powell

S&P 500 ticks higher to record, powered again by tech stocks
(DBN)

Global Stocks Hit Record on Trade Deal Progress, Vaccine Hopes
(DBN)

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Layoffs:

Two Major Airlines Have Announced Massive Layoffs
(DBN)

White House weighs help for airline workers if no stimulus deal
(DBN)

Self Driving Trucks to Start Texas Tests
(DBN)

Salesforce cuts about 1,000 jobs even as stock has record one-day surge
(DBN)

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Politics:

How Trump could pull off another upset
(DBN)

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Sports:

NBA playoff games postponed Wednesday after Bucks strike in wake of Jacob Blake shooting Inside look at Milwaukee Bucks' decision to boycott game vs Magic Rockets, Thunder game called off amid player protests Kenny Smith walks off 'NBA on TNT' set in solidarity with player strike The NBA strike is the most effective RNC counterprogramming possible The day NBA players decided to strike for social justice NBA, MLB on Strike Over Black Lives Matter NBA's board of governors, players to hold separate meetings on next steps
(DBN)

Milwaukee Brewers cancel Wednesday’s game amid player protest
(DBN)

The day sports stopped
(DBN)

'It's a problem': Mississippi State football reacts to NBA boycotts, racial injustice
(DBN)

The 76ers' playoff exit means the end of "The Process"
(DBN)

Sports fans are returning to stadiums
(DBN)

Lewd cheerleader videos, sexist rules: Ex-employees decry Washington's NFL team workplace Daniel Snyder has now embarrassed - and exposed - the entire NFL
(DBN)

What does baseball sound like during a pandemic? Loneliness, and hope.
(DBN)

North Carolina State Football Delays Its Opener, Yahoo Reports
(DBN)

Big Ten Football Loss Could Cost Schools $100 Million Each
(DBN)

UCLA sues Under Armour for attempting to end $280 million sponsorship deal
(DBN)

____________

Politics:

Business world braces for blue sweep
(DBN)

The contradictory Republican case to Black voters — and why it matters
(DBN)

RNC Sets Fire To Hatch Act At Party Convention
(DBN)

Legal Ethics Professor Says President Trump ‘Committed a Crime' During the RNC
(DBN)

WH Chief of Staff Slammed for Saying No One Outside of D.C. 'Really Cares' About Violations of Federal Ethics Laws
(DBN)

Pence makes an appeal to moderates with a gauzy picture of the Trump era Most Shocking Line from Pence Speech
(DBN)

Wednesday’s Republican National Convention speakers, explained for people who don’t watch Fox News
(DBN)

Here are the highlights from Night 3 of the Republican National Convention 2 winners and 3 losers from the third night of the Republican National Convention
(DBN)

RNC Video of Rioters is Actually in Spain
(DBN)

Trump Joins Virus Defense With Economic Appeal in Election Pitch
(DBN)

GOP Convention Believes Pandemic is Over
(DBN)

Elizabeth Warren calls for investigation into Trump’s politicization of Covid-19
(DBN)

Over 100 McCain Staffers Go for Biden Romney's 2012 Staffers Line Up with Biden
(DBN)

Pompeo, Haley Plan to Take Over GOP
(DBN)

Jesuit priest calls Lou Holtz's comment on Biden's Catholic faith 'terrible'
(DBN)

____________

Nursing Homes:

3 Maryland nursing homes fined more than $100,000 for lapses in virus care
(DBN)

____________

Agribusiness:

US Agricultural System Could Collapse
(DBN)

____________

Climate:

Monster Hurricane Laura slams the Louisiana coast with fierce winds, surging sea Hurricane Laura Almost a Cat 5 as It Hit Coast Hurricane Laura Could End Up Environmental Disaster
(DBN)

Hurricane Laura and the California Fires Are Part of the Same Crisis
(DBN)

FEMA Spends More Preparing for Terrorism Than Hurricanes Trump Looted $44 Billion FEMA’s Disaster Relief Fund in the Middle of a Record-Setting Hurricane Season
(DBN)

____________


Economy:

U.S. core capital goods orders slow in July from prior month, while durable goods orders surge 11.2% U.S. durable-goods orders unexpectedly quicken on auto boost
(DBN)

The Fed’s Big Rethink on Monetary Policy
(DBN)

The Fed is expected to use a pandemic era tool to fight a long running battle against low inflation The Fed Is Taking a New Approach to Inflation Bond market skeptical as Fed set to reveal major shift in inflation playbook
(DBN)

Treasury yields flat ahead of Powell’s Jackson Hole speech
(DBN)

Trend suggests this group will drive the economic recovery’s next leg
(DBN)

34.5 million households will lose utility shutoff protections in the next month
(DBN)

GOP set to propose smaller coronavirus stimulus bill
(DBN)

5.5 million people won’t get the $300 unemployment boost right now
(DBN)

World’s Major Economies Suffer Record 10% Lockdown Slump
(DBN)

World Economic Forum says annual meeting in Davos will be delayed until summer
(DBN)

Pandemics Upend Classic Measures of Inflation
(DBN)

Dr. Scott Gottlieb: ‘This is really a 2020 event’ provided U.S. stays vigilant on coronavirus
(DBN)

Meadows Predicts No Stimulus Deal Until End of September
(DBN)

China is less than halfway to its "phase 1" trade deal targets
(DBN)

U.S. imports jump in August, especially from China
(DBN)

Zell: Returning to offices, not ‘hiding out in the Hamptons,’ will help cities
(DBN)

New Jersey Gyms Can Open Sept. 1 in Big Recovery Step Murphy Hints at Indoor Dining’s Comeback as N.J. Gyms to Reopen
(DBN)

NYC’s Virus Threat Has Faded, But Its Future Is Stuck in Limbo
(DBN)

Florida Governor Supports Letting More Customers in Theme Parks
(DBN)

Laura to Join Costly List of Catastrophic Gulf Coast Hurricanes
(DBN)

Cutting Costs To Survive A Recession: How Far Should A Business Go?
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

How to win rent argument with landlord during crisis: FBI hostage negotiator
(DBN)

The Only Thing That Would Make This Better For Carl Icahn Is If He Could Actually Put The Padlocks On The Malls Himself
(DBN)

Mall giant Simon snapping up bankrupt retailers to outdo its rivals
(DBN)

New Home Prices New Home Prices - Comments
(DBN)

Fannie Mae and Freddie Mac will keep buying loans in forbearance through Sept. 30
(DBN)

Zillow Case-Shiller Forecast: Year-over-year House Price Growth to Increase Slightly in July
(DBN)

MBA: Mortgage Applications Decrease in Latest Weekly Survey
(DBN)

Every American home is getting a flood-risk score – many are at higher risk than previously known
(DBN)

Lake Tahoe, Vail Aren’t Just for Vacation Anymore as Homebound Families Move In
(WSJ)

The Father Of CMBS Says Real Estate Valuation Is In ‘Uncharted Territory’
(DBN)

____________

Municipalities:

Puerto Rico regulators push PREPA to embrace renewable energy
(DBN)

____________

Oil/Gas:

Oil Frackers Are Breaking Records Again - In Bankruptcy Court
(DBN)

Oil industry shuts platforms, rigs, refineries as storm hits
(DBN)

What is the “New Normal” For Oil & Gas
(DBN)

Seadrill: Wipeout Coming Soon
(DBN)

____________

Healthcare:

Mapping COVID-19’s Impact on American Bankruptcy and Restructuring
(DBN)

CDC proposes guidelines for distributing coronavirus vaccine in the U.S.
(DBN)

"Long-haul" COVID can lead to big bills for patients
(DBN)

Covid Symptoms Appear in Specific Order
(DBN)

Over 1,000 Health Workers Dead from Covid
(DBN)

The FDA plays defense on its coronavirus actions
(DBN)

CDC quietly downplays testing need for asymptomatic people, experts quickly disagree Officials change COVID testing advice, bewildering experts Trump asked for fewer Covid-19 tests. Now the CDC is recommending less testing. Trump Officials Pressured CDC on Fewer Tests
(DBN)

FDA Authorizes $5 Fast Covid 19 Test
(DBN)

Moderna’s coronavirus vaccine shows promising results in some elderly patients
(DBN)

Anti-maskers might want to check out what just happened when a woman with coronavirus visited a Starbucks
(DBN)

How superspreading is fueling the pandemic — and how we can stop it
(DBN)

Brain Deficits, Nerve Pain Can Torment Covid Patients for Months
(DBN)

Why Does the Coronavirus Hit Men Harder? A New Clue
(DBN)

GOP voters want Medicaid expansion. GOP elites don't. Something has to give.
(DBN)

Coronavirus in vacant apartment suggests toilets' role in spread
(DBN)

Fires roil California's virus fight just as outbreak was easing
(DBN)

____________

Corporate Governance:

Top Ten Questions for Boards to Consider During a Down Cycle
(DBN)

____________

Utilities:

The Mystery House: How a Suspicious Multimillion Dollar Real Estate Deal Is Connected to California’s Deadliest Fire
(DBN)

____________

Distressed Investing:

Legal Considerations for Distressed Debt Investors
(DBN)

____________

Bankruptcy Crimes:

Covington Man Charged With Making a False Declaration In Connection With a Bankruptcy
(DBN)

____________

Food/Beverage:

‘What is the plan?’ NYC restaurateurs want answers on restarting indoor dining
(DBN)

____________

Retailing:

Saks owner Hudson's Bay drops financing plan: sources
(DBN)

Bal Harbour Shops is evicting Saks Fifth Avenue for $1.9 million in unpaid rent
(DBN)

Real estate mogul Sam Zell calls retail a ‘falling knife’ that hasn’t hit a bottom
(DBN)

Dick’s Sales Surge as Quarantined Consumers Snap Up Sports Goods
(DBN)

Chico's FAS, Inc. Reports Second Quarter Results
(DBN)

Dean & DeLuca seeks to maintain bankruptcy control as creditors question reorganization
(DBN)

Jeff Bezos is now worth more than $200 billion
(DBN)

Wharton student, entrepreneur aims to shift global perspective of luxury
(DBN)

Is this the end for America’s mom-and-pop stores?
(DBN)

Walmart requires that customers wear masks. One former employee says enforcement is impossible.
(DBN)

Sorry, J.C. Penney Shareholders: The Stock Is Worthless
(DBN)

____________

Gambling:

Playing Poker Online During Lockdown? Turns Out You Are Not Alone
(DBN)

____________

Defaults:

Hotels, Retail Drive Spike in CMBS Defaults, Fitch
(DBN)

____________

Student Debt:

Bankruptcy as Consumer Protection: The Case of Student Loans
(DBN)

____________

 


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 (12 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (12 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 Statistics:

Why are Bay Area business bankruptcies not soaring amid Covid-19?
(DBN)

______________

IP:

Three Steps Licensees Can Take to Protect Their IP Rights in Bankruptcy
(DBN)

____________

Subordination:

Tribune’s Senior Noteholders Lose Battle to Undo Bankruptcy Plan
(DBN)

____________

Consumer Bankruptcy:

Consumer Bankruptcy Should Be Increasingly Irrelevant--Why Isn't It?
(DBN)

____________

Aviation:

Gatwick Airport May Cut a Quarter of Jobs After Airline Exodus
(DBN)

AirAsia X Seeks Debt Help With Flights Unlikely Until 2021
(DBN)

Delta Air Lines: All About Time Horizon
(DBN)

Delta, Facing Its Own Troubles, May Have to Repay $300 Million on Behalf of Brazil's Gol
(DBN)

American Airlines Intends to Furlough 17,500 U.S. Employees Effective Oct. 1, Expects Q4 System-Wide Flights at 50% of Capacity Based on Current Demand Levels
(DBN)

Passenger Arrivals to U.K. Collapse During Pandemic Travel Curbs
(DBN)

Air New Zealand to draw on government loan after first annual loss in 18 years
(DBN)

____________

Education:

College reopenings — and closures — are harming low-income students
(DBN)

School is starting -- and the broadband gap will be a massive problem
(DBN)

State colleges to education panel: bridge funding needed
(DBN)

Hundreds of TCU Students Now Have Covid 19
(DBN)

____________

Gambling:

Las Vegas Strip Revenue Tumbles 39% Even With Cheap Hotel Rooms
(DBN)

____________

Transit:

New York MTA Mulls Deep Cuts to Subway, Commuter Train Service MTA Threatens 40% Service Cuts Without Urgent Federal Aid
(DBN)

Self-Driving Shuttles Try Virus-Killing UV Rays to Assure Riders
(DBN)

____________

Mail:

USPS Fights State Demands for Evidence on Mailboxes, Machines
(DBN)

Drop-Box Voting Is the Election Reform the U.S. Needs Now
(DBN)

Politics At The Post Office Is Hiding A Problem For Retailers: Holiday Shipping Costs Are Going Way Up
(DBN)

Florida USPS Mail Sorting Machines Dismantled Ahead of Record Election For Mail Ballots
(DBN)

US intelligence officials say there's no evidence to back up Trump's claims about threats to mail-in voting
(DBN)

____________

Sovereigns:

Bondholders need to forgive some African sovereign debt
(DBN)

Argentina steps toward next debt tango, with the IMF
(DBN)

____________

UK:

Greenberg Traurig expands London restructuring practice
(DBN)

Barnier Planning a Brexit Book After Four Years of Negotiations
(DBN)

U.K. Plan to Help Restaurants May Cost More Than Estimated
(DBN)

Scotland’s Drive for Independence Gets Financial Reality Check
(DBN)

Outrage after council cuts crucial Lincoln Drill Hall grant
(DBN)

Creditors approve investment for four Intu centres
(DBN)

U.K. to Pay People on Low Incomes If Self-Isolating in Pandemic
(DBN)

Germany Scraps Plans for More Brexit Talks
(DBN)

____________

EU:

Here’s Who Gets What in the EU’s 750 Billion-Euro Recovery Deal
(DBN)

Europe Puts Jobs Before Restructuring With Furloughs Extended
(DBN)

Restructuring disguised as liquidation? How cross border union solidarity is saving livelihoods at Camaïeu fashion retail chain
(DBN)

Europe Rejects Hardline Lockdowns to Contain Resurgent Virus
(DBN)

____________

PIIGS:

Italy rules out a new lockdown despite surge in virus cases
(DBN)

____________

Canada:

DLA Piper (Canada) LLP welcomes Colin Brousson and Jeffrey Bradshaw to ‎Restructuring group
(DBN)

Restaurants make plea for government support as over half of eateries face bankruptcy in next three months
(DBN)

Garneau restructuring proposal would leave little for unsecured creditors
(DBN)

TD Expects Bigger Losses From Loans in Canada Than in the U.S.
(DBN)

Historic Economic Contraction in Canada Masks Strong Rebound
(DBN)

____________

South Africa:

South Africa’s Central Bank Expects Economy to Shrink 40.1%
(DBN)

South Africa's Massmart loss widens to over $65 mln as virus hits store sales
(DBN)

____________

MENA:

NMC Health Faces Advisory Fees of $140 Million for Bankruptcy
(DBN)

Bahrain Stresses It Backs Two State Solution in Pompeo Meeting
(DBN)

France Says Reforms in Lebanon Essential for International Aid
(DBN)

____________

France:

French Furlough Program Reliance Almost Halved in July
(DBN)

____________

Hungary:

Hungary to Fire Diplomats Asking To Work From Home
(DBN)

____________

India:

India Court Suspends Bankruptcy Case Against Tycoon Anil Ambani
(DBN)

Bad bank not only necessary but unavoidable, IBC won’t solve all NPAs, says ex-RBI guv Subbarao
(DBN)

____________

Germany:

German Economic Crisis Response Could Have Sting in the Tail
(DBN)

____________

China:

China’s Biggest Carmaker Posts 39% Drop in First-Half Earnings
(DBN)

____________

Japan:

Japan’s Virus Wave Is Easing Despite Lack of Government Action
(DBN)

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