December 1, 2020

The Daily Bankruptcy News

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Law:

Gibson Dunn Adds Partner Joshua Brody to its Business Restructuring and Reorganization Practice in New York
(DBN)

Top 50 Am Law Firm Announces Generous Bonuses For Associates
(DBN)

Biglaw Bonus Season Can’t Stop, Won’t Stop
(DBN)

Fried Frank, Proskauer to Each Pay Bonuses of Up to $140K
(DBN)

Silver Circle Firm Enters The Bonus Game, But Special Bonuses Seem To Be Missing
(DBN)

Anticipating Wave of Insolvency Work, Genova Burns Acquires Bankruptcy Boutique
(DBN)

With Profit Growth Expected in 2020, Big Law Outlook Remains Positive for Next Year
(DBN)

As Firms Restructure Staffs for the Post-Pandemic Future, Who Will Be Protected and Exposed?
(DBN)

COVID-19 and a slow economy have forced law firms of all sizes to cut costs
(DBN)

'It Was Terrifying.' Law Dean on the Mend From COVID-19
(DBN)

What law firms and legal organizations should consider before creating their own apps
(DBN)

Law school debt is delaying plans for recent grads
(DBN)

'He Did It Brilliantly': Meet Miami Lawyer John Arrastia, Champion of Diversity
(DBN)

Firms team up to tackle systemic race issues
(DBN)

There's a formula for effectively explaining caselaw
(DBN)

Legal Tech Training Less Effective in Online Community
(DBN)

Law prof finds ways to connect remotely amid historic election and COVID-19 restrictions
(DBN)

Applications Surge To Law Schools (+32%) And Medical Schools (+18%)
(DBN)

The pandemic’s long-lasting impact on the way lawyers work
(DBN)

Associates Really Feel Like They Know What’s Going On At This Biglaw Firm
(DBN)

While COVID Surges, Law School Says, ‘Aw, Screw It, Let’s Hold Graduation!’
(DBN)

Allegations Of Harassment By A Partner Surround Associate’s Departure From Proskauer
(DBN)

Alan Dershowitz Ponders Nominating Donald Trump For The Nobel Peace Prize
(DBN)

How America's deadliest serial killer went undetected for more than 40 years
(DBN)

California Governor Stops Release of Manson Family Member Leslie Van Houten
(DBN)

Arizona certifies Biden's win
(DBN)

Trump Now Threatens Arizona's Governor
(DBN)

Biden's win over Trump in Wisconsin set to be certified
(DBN)

SCOTUSblog co-founder sees ‘zero practical chance’ that ‘faithless electors’ will swing election for Trump
(DBN)

Georgia secretary of state calls out 'dishonest actors' for 'exploiting the emotions of many Trump supporters' and 'misleading the president as well'
(DBN)

Judge: ‘Precious little proof’ in Georgia election fraud suit
(DBN)

Sidney Powell's 'Kraken' Lawsuit Argues Improbability of 'High Republican, Low Trump' Voting Patterns • Georgia Ordered to File Brief in Sidney Powell Election Suit • Democratic Party Lawyers: Sidney Powell's Kraken Lawsuit Amounts to 'Debunked Conspiracy Theories' and 'Wild Speculation' • Kraken Lawsuit Dumber Than You Thought • Judge freezes voting machines in 3 Georgia counties
(DBN)

Federal Judge Advances Lawsuit Accusing Felix Sater of Laundering Loot Through Trump Properties
(DBN)

DOJ Files Trump's Pardon of Michael Flynn in Judge Sullivan's Court — Here's What It Says • ’Any and all possible offenses’: Trump pardon grants Flynn a sweeping reprieve
(DBN)

Hannity: Trump Needs to Pardon Whole Family AND Himself Before Leaving
(DBN)

Far-Right Pastor: Trump Fast-Tracked Firing Squad Execution Rule Because Some Traitors Are Going to Get Shot
(DBN)

Trump Campaign Lawyer Says Krebs Should be Shot
(DBN)

Head of NRA Repays $300,000 in Illicit Gains
(DBN)

Tequila bar applies to become church to skirt rules
(DBN)

Hidden in Plain Sight: The Ghosts of Segregation
(DBN)

Jewish communities on high alert over threat of retaliation from Iran
(DBN)

Oklahoma Lawyer Suspended for Role in Response to Online Criticism
(DBN)

______________

Judges:

‘They’ll freeze them out’: Democrats fear Senate Republicans will block Biden’s judges • Senate Minority Whip Predicts Biden to Have 'Little' Impact on Judiciary
(DBN)

Supreme Court hearing gets awkward as conservative Alito runs roughshod over chief justice Roberts
(DBN)

Supreme Court seems skeptical of Trump’s census plan • Even Amy Coney Barrett appears skeptical of Trump’s latest attempt to rig the census
(DBN)

Why Does A Law’s Discriminatory ‘Effect’ Matter Only To Free Exercise Claims And Not To Equal Protection Claims?
(DBN)

Trump Questions Validity Of Supreme Court, American Court System
(DBN)

PA Supreme Court Benchslaps GOP Legislators’ Suit Accusing Themselves Of Conducting Illegal Election
(DBN)

How can aging judges know when it's time to hang up the robe?
(DBN)

______________

Wall Street:

Dow futures jump after Wall Street wraps up historically strong month
(DBN)

World shares rise on recovery hopes, following stellar November
(DBN)

Dow ends over 260 points lower, but notches best month since 1987
(DBN)

JPMorgan Chase may freeze salary raise for some workers
(DBN)

World stocks outperform the U.S. in bumper November
(DBN)

______________

Layoffs:

Deutsche Bank to cut one in three jobs at retail banking hubs - document
(DBN)

ABN Amro Plans to Reduce Workforce by 15% in Cost-Cutting Plan
(DBN)

Labor Unions Work to Find Ways to Bargain With AI’s Black Box
(DBN)

US media layoffs on track for record high in 2020
(DBN)

______________

Sports:

Vic Fangio ‘Disappointed’ Drew Lock And Other Broncos Quarterbacks Put Team In Difficult Position
(DBN)

Detroit Lions fans donate money to Houston Texans QB’s charity after his performance led to the Lions firing their coach
(DBN)

San Francisco 49ers, displaced by coronavirus restrictions, to play next home games in Arizona
(DBN)

NFL’s Steelers-Ravens game postponed a third time due to Covid
(DBN)

____________

Politics:

All major battleground states in the 2020 election officially finalize their results, cementing Biden's victory in the presidential race
(DBN)

It's All Over but the Crying and the Tweetin'
(DBN)

Huh? The GOP is Upset Over Someone's Tweets
(DBN)

Lou Dobbs Loses It
(DBN)

‘Mercenary’ donor sold access for millions in foreign money
(DBN)

Mark Kelly To Be Sworn In Wednesday, Shrinking GOP Senate Majority By One Vote
(DBN)

National Review Editors Slam President Trump as 'Petulant' and 'Disgraceful' Sore Loser
(DBN)

Trump Renews Ballot ‘Dump’ Conspiracy Theory Claim—Here’s Why It’s Bogus
(DBN)

Pennsylvania Lt. Gov. John Fetterman calls Trump's election lawsuits 'mandatorily aired absurdities' and calls out Twitter over its handling of the president's misinformation
(DBN)

Biden Names Inauguration Team Tasked With Creating Safe Event
(DBN)

Joe Biden's harshest critics are likely to be some of his fellow Catholics
(DBN)

In neighboring Georgia counties, election revealed a growing divide that mirrors the nation
(DBN)

Far Right Conspiracy Theorist Rick Wiles Predicts Trump Administration is Planning to Execute Democrats and Media ‘Traitors’
(DBN)

Dominion Voting CEO responds to baseless election-rigging conspiracy theories
(DBN)

Fox News needs to reinvent itself for the post-Trump era.
(DBN)

Christie's 2013 campaign hasn't paid off $1M in debt to 2 firms
(DBN)

____________

Agribusiness:

The Option of Bankruptcy Grows Clearer for Hemp Businesses
(DBN)

Crop Prices Set for Best Month in Five Years on Supply Worries
(DBN)

____________

Education:

There Is Good News For Colleges, Although You Probably Won’t See It
(DBN)

Biden should remember that what’s good for teachers’ unions isn’t necessarily what’s best for students.
(DBN)

Rand Paul says Fauci owes parents and students an apology over pandemic measures
(DBN)

____________

Movies:

Independent Films Feel Squeeze With Covid Insurance Out of Reach
(DBN)

____________

Fraud:

Beware of COVID-19 scams as vaccine approaches FDA approval
(DBN)

____________

Consumer Finance:

It’s easy to assume pawnshops are doing great in the pandemic. It’s also wrong.
(DBN)

____________

Climate:

The record-shattering 2020 Atlantic hurricane season is over, but the scars it left remain
(DBN)

Australia heat wave breaks records in Sydney, escalates fire danger across wide area
(DBN)

____________

Fraud:

November 2020 Ponzi Scheme Roundup
(DBN)

____________


Economy:

Powell stresses importance of lending programs, calls economic outlook ‘extraordinarily uncertain’
(DBN)

Seven High Frequency Indicators for the Economy
(DBN)

NACM’s November Credit Managers’ Index Eases Growth, Still Positive
(DBN)

Dallas Fed: "Texas Manufacturing Expansion Moderates" in November
(DBN)

How Much National Debt is Too Much?
(DBN)

It Could Take 4 Years To Recover The 22 Million Jobs Lost During Covid-19 Pandemic, Moody’s Warns
(DBN)

U.S. housing, manufacturing data suggest economic recovery slowing
(DBN)

OECD sees global economy turning the corner on coronavirus crisis • OECD lifts global economic outlook on vaccine progress, sees China driving recovery
(DBN)

Get Ready for a Supercharged Economy
(DBN)

Virus surge is leading to a double-dip recession and dollar crash: Stephen Roach
(DBN)

Americans face new COVID-19 restrictions after Thanksgiving
(DBN)

Newsom considers stay-home order for California counties
(DBN)

Newsom Considers Second Statewide Stay-At-Home Order As Covid-19 Projected To Overwhelm Hospitals
(DBN)

For the World Economy, a Grim Slog Tempered by New Hopes
(DBN)

U.S. Jobless-Claims Data to Come With Disclaimer on Accuracy • Unemployment statistics during the pandemic have been inflated by backlogs, according to GAO report
(DBN)

Dollar index hits its lowest level in more than two years
(DBN)

Congress is briefly reconvening under pressure from Trump and Biden to pass a COVID-19 stimulus bill after months of gridlock • Congress returns to work with COVID-19 relief bill hanging in the balance
(DBN)

With Republican senators still blocking ameliorative action, millions face eviction after Dec. 31
(DBN)

Burned out and financially strapped, single parents are struggling during the pandemic
(DBN)

What Joe Biden's Economic Advisers Have Said About a Second Stimulus
(DBN)

Biden confirms he wants Janet Yellen to be his Treasury secretary — what that means for cash-strapped American families • The quiet frontrunner: How Biden landed on Yellen for Treasury secretary
(DBN)

Biden Economic Team Draws on Deep Experience With Focus on Jobs, Wages, Inequality
(WSJ)

Biden's budget pick faces thorny Senate confirmation • Joe Biden's 'radioactive' nominee
(DBN)

Jobless claims inaccurate, and the unemployed are being underpaid, GAO says
(DBN)

Wall Street wonders how bad it has to get
(DBN)

Goldman Sachs predicts how quickly coronavirus vaccines will be rolled out
(DBN)

Biden Fills Yellen-Led Economy Team, Risks Clash on Budget Chief
(DBN)

Biden Picks Signal a Priority to Lift Black, Low-Income Workers
(DBN)

N.J. Governor Murphy to Slash Outdoor Gathering Limits
(DBN)

What happened to department stores?
(DBN)

Financial Institutions Exposed to Long-Lasting Economic Scars Due to COVID, Says Fitch
(DBN)

Map: Where Everyone is Moving in the US
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

October pending home sales fall, as high prices take their toll on buyers • NAR: Pending Home Sales Decrease 1.1% in October • U.S. Pending Home Sales Unexpectedly Fall for a Second Month
(DBN)

Median Home Price Sets New Record in California
(DBN)

Credit Suisse says new court order could result in $680 million RMBS judgment
(DBN)

PREIT's Prepackaged Financial Restructuring Plan Confirmed By Court
(DBN)

Can the American Dream mall survive the pandemic?
(DBN)

How Will Co-Living Survive the Pandemic?
(DBN)

How climate change could spark the next home mortgage disaster
(DBN)

Trump’s Time Is Short to Overhaul Fannie-Freddie as Hedge Funds Want
(DBN)

____________

Oil/Gas:

Seadrill files for voluntary Chapter 11 protection • Seadrill Partners seeks bankruptcy protection
(DBN)

Q&A: Oil & Gas Bankruptcies, Restructurings & Mergers Likely To Continue In 2021
(DBN)

Exxon Faces Historic Writedown After Energy Markets Implode
(DBN)

Delay Of OPEC+ Meeting Is A Nervous Moment For U.S. Shale Business
(DBN)

The Oil Market’s ‘Other’ Traders Are Short Like Never Before
(DBN)

Oil Markets Face A 200 Million Barrel Glut In 2021
(DBN)

Hydrogen era no longer a distant mirage
(DBN)

____________

Healthcare:

Cuomo orders emergency hospital protocols as COVID capacity dwindles
(DBN)

Cuomo Tells People Having Large Holiday Parties: 'Don't Call An Ambulance'
(DBN)

Dr. Scott Atlas Bails • Biden Covid advisor ‘relieved’ about Dr. Scott Atlas resignation
(DBN)

Study: Coronavirus Here in US Earlier Than Thought
(DBN)

People who met family over Thanksgiving should assume they have COVID-19, get tested, and wear a mask at home, White House advisor Dr. Deborah Birx said
(DBN)

First ‘mass air shipment’ of Pfizer’s Covid vaccine arrives as airlines prepare for more
(DBN)

Obese Americans could be prioritized for coronavirus vaccine
(DBN)

Moderna released more Covid-19 vaccine results. They’re very encouraging.
(DBN)

Available bed is 'a gift' at hospital where patients cannot believe other people do not take covid-19 seriously
(DBN)

One person in the room with you has COVID-19. Here’s how long it takes to get infected
(DBN)

Up to 30% of Americans may get Covid by year-end, Dr. Scott Gottlieb says
(DBN)

Experts see the ‘most complex vaccination program ever attempted’
(DBN)

Moderna plans to seek U.S., EU clearance for COVID vaccine
(DBN)

An Oregon nurse bragged on TikTok about not wearing a mask outside of work. She's now on administrative leave.
(DBN)

People with asthma 30% less likely to contract COVID-19
(DBN)

Grandmother Of SD Gov Who Sunned Masks Died in Nursing Home Ravaged by COVID
(DBN)

Richard Epstein's Laffer Curve of Death
(DBN)

There’s No Room for Teens in the Pandemic City
(DBN)

The U.S. Is The Most Expensive Country For Childbirth • High U.S. Maternal Mortality Rate
(DBN)

____________

Retailing:

As JCPenney exits bankruptcy, its long-term outlook remains grim
(DBN)

As JCPenney Exits Bankruptcy With New Owners, There Are Still Some Loose Ends
(DBN)

J.C. Penney Leaves its Massive Headquarters in Plano
(DBN)

Bankruptcy filing for Houston-based Francesca's said to be imminent
(DBN)

Invictus Global Management Issues Open Letter to Fellow Creditors of Tuesday Morning Corporation
(DBN)

The death of the department store and the American middle class
(DBN)

El Paso Mayor Says Recent COVID-19 Spike Due To ‘Fatigue,’ Many Cases Coming From Shopping At Large Retailers
(DBN)

Cyber Monday set to be biggest online shopping day in U.S. history
(DBN)

Where retail sales have been booming
(DBN)

Factbox: Retail casualties of the coronavirus pandemic
(DBN)

Former Saks CEO Sadove Says Physical Retail Will Transform To Survive
(DBN)

____________

Movie Theaters:

Why Movie Theatre Stocks Rallied
(DBN)

Movie Theater Owners Applaud Sen. Schumer for Championing Cinemas in Save Our Stages Act
(DBN)

____________

Theme Parks:

Half Of Disney’s Parks Shuttered Worldwide
(DBN)

____________

Tourism:

Las Vegas Visitor Authority: No Convention Attendance, Visitor Traffic Down 49% YoY in October
(DBN)

The Empty Spanish Resorts of Covid Summer
(DBN)

____________

Food/Beverage:

Restaurant Performance Index rose 0.2% in October
(DBN)

Rubio’s reaches agreement to repay creditors as it prepares to emerge from bankruptcy
(DBN)

____________

Religion:

Over a year, more than 230 sex abuse suits have been filed in NJ against the Catholic Church
(DBN)

____________

 
New Bankruptcy Opinions
(6 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (Temporarily Unavailable)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (13 new filings today)
(DBN)

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

UCLA-LoPucki Bankruptcy Research Database
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Bankruptcy Jobs:

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

Seminars - (Contact us to list your seminar)

______________

Subchapter V:

Small Change to SBRA Makes a Big Bankruptcy Difference
(DBN)

____________

Tax:

Obtaining Tax Refunds For Deferred Compensation Discharged in Bankruptcy
(DBN)

Those Who Took PPP Loans May Have Tax Issue
(DBN)

____________

Credit Bidding:

Town Sports judge shoots down lender attempt to stop sale transaction over credit bid dispute
(DBN)

____________

Corporate Governance:

Wanted: Board of directors’ member with bankruptcy experience
(DBN)

____________

Privacy:

Undergoing Bankruptcy Proceedings? Here’s How to Make Sure PII Maintains Its Value
(DBN)

____________

Aviation:

Thanksgiving air travel rises to pandemic high — but still less than half of last year’s levels
(DBN)

Lawmakers request new GAO studies on pandemic's effect on the aviation industry
(DBN)

U.S. agency affirms it will not allow mid-air mobile phone use
(DBN)

Consumer groups say new Trump administration rules for airlines will hurt efforts to stop 'deceptive practices'
(DBN)

EasyJet offers passengers cheaper COVID-19 tests to encourage travel
(DBN)

Avion Express to request protection from creditors
(DBN)

____________

Insurance:

U.S. insurers dig into corporate diversity practices as lawsuits pile up
(DBN)

Is Business Interruption from COVID-19 Likely to Lead to a Spike in Court Cases?
(DBN)

____________

Sovereigns:

Global response is needed to prevent a debt crisis in Africa
(DBN)

Creditors support Suriname's deferral plan; 'challenging' negotiations ahead
(DBN)

____________

UK:

“Tsunami of insolvencies” likely as retail faces collapse
(DBN)

The New UK Insolvency Act Exposes a Gap in Cover for D&O Insurance
(DBN)

HMRC publishes briefing on preferential creditor status • Crown preference: implications for business rescue • Re-introduction of Crown preference: Government prioritizes public revenue streams over enterprise
(DBN)

Philip Green's retail empire Arcadia calls in administrators • Philip Green's Arcadia UK fashion group falls into administration
(DBN)

Philip Green's Arcadia rejects Frasers' offer of 'lifeline' loan
(DBN)

Topshop is a casualty of Covid’s Darwinian culling of retailers
(DBN)

Topshop owner Arcadia falls into administration, putting more than 13,000 jobs at risk. It's the UK's biggest corporate casualty of the COVID-19 crisis so far.
(DBN)

Arcadia collapse 'tragic' but management erred - UK's Gove
(DBN)

UK government will support those affected by Arcadia collapse - business minister
(DBN)

Timeline: The rise and fall of Philip Green's retail empire
(DBN)

The fall of the king: Philip Green's Arcadia adventure ends in ignominy
(DBN)

Debenhams' future in doubt as JD Sports ends takeover talks • UK retailer Debenhams to be liquidated • Debenhams to be liquidated in hammer blow for UK retail sector
(DBN)

HMRC could narrowly lose out in expected Arcadia collapse
(DBN)

On London street, virus forces small shops to adapt or close
(DBN)

Many Yorkshire pubs and restaurants won’t survive as lockdown continues in all but name
(DBN)

London ‘Thrown to the Lions’ With No Brexit Finance Deal Likely
(DBN)

France Says EU Could Agree Trade Deal With U.K. in Next Few Days
(DBN)

Covid-19 Misery May Spread to Competition, U.K. Watchdog Warns
(DBN)

U.K. Mortgage Approvals Unexpectedly Jump to 13-Year High
(DBN)

UK select committee calls for help for Arcadia pension members
(DBN)

UK shopper numbers down 56.9% as English lockdown takes toll
(DBN)

Billionaire Issa Brothers launch daring Caffè Nero takeover bid
(DBN)

Britain and EU warn that time is running out for Brexit trade deal
(DBN)

No-trade deal Brexit is still possible, UK minister says • UK's Gove says: there's a chance of a no-deal Brexit
(DBN)

Some EU members are growing impatient on Brexit - Merkel
(DBN)

EU to launch no-deal contingency steps if no deal with UK by mid-week - diplomat
(DBN)

Britain should 'really negotiate' to find Brexit deal, France says
(DBN)

Boris Johnson will get a deal: but it will be a betrayal of the Brexiters
(DBN)

Time for final preparations for life outside EU, UK tells firms
(DBN)

UK factory PMI shows fastest growth since 2017 on no-deal stockpiling
(DBN)

UK house prices jump by most in nearly six years - Nationwide
(DBN)

UK consumer confidence edges up on vaccine news - YouGov
(DBN)

UK bars, cinemas may require proof of vaccination to enter
(DBN)

____________

EU:

IMF warns of ‘scarring effects’ that could hit growth in the euro zone
(DBN)

Merkel Says EU Deal Over Rescue-Fund Standoff Not Yet in Sight
(DBN)

Euro zone factory recovery faltered in November, vaccine hopes drive optimism - PMI
(DBN)

____________

PIIGS:

Italy Approves New Stimulus Package to Bolster Shrinking Economy
(DBN)

From Covid-Free to Covid Town: Sicilian Town Meets the Virus
(DBN)

____________

Canada:

Momentum from Canada's record quarterly expansion is fading
(DBN)

____________

Sweden:

Swedish Government Says Vaccine Won’t Make Pandemic Go Away: DN
(DBN)

____________

China:

China state-owned group caught in default storm owes banks billions
(DBN)

China's factory activity expands at fastest pace in over three years • China's November factory activity growth hits decade high - Caixin PMI
(DBN)

Leaked documents reveal China's mishandling of the early stages of Covid-19
(DBN)

____________

India:

Pre-packaged insolvency regime: India is studying best practices of other nations
(DBN)

____________

Malaysia:

Malaysia Extends Virus Curbs on Top Glove Worker Dormitories
(DBN)

____________

Russia:

Pandemic Widens Gap Between Russia’s Richest and Poorest Regions
(DBN)

____________

Hong Kong:

Dance hall outbreak takes Hong Kong's virus fight two steps back
(DBN)

____________

Singapore:

The Evolution of Corporate Rescue in Singapore

____________

New Zealand:

Firms will be allowed to fend off creditors if they get into trouble next year
(DBN)

Government extends business debt hibernation scheme for 10 months, despite the wage subsidy and other support measures only seeing 15 firms use the relief in full
(DBN)

____________

Australia:

A Patchwork Quilt of Insolvency Reform
(DBN)

____________

France:

French car market set to fall to lowest level since 1975 - federation
(DBN)

French manufacturing slows slightly in November on new lockdown - PMI
(DBN)

____________

Germany:

Germany: Insolvencies - a risk to the 2021 outlook
(DBN)

Germany Poised for Big Step Towards Corporate Restructuring Best Practice
(DBN)

German unemployment falls further despite partial lockdown in November
(DBN)

Germany's partial lockdown slows growth in manufacturing - PMI
(DBN)

One chart shows how bad Germany’s second wave of the coronavirus is
(DBN)

____________

Mexico:

CDC: Don't Travel to Mexico
(DBN)

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