December 10, 2020

The Daily Bankruptcy News

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Law:

Partner Pay Complications Arise From PPP Loans
(DBN)

As Market Leaders Up Bonuses for 2020, Will Boutiques Follow?
(DBN)

Judge blocks ethics rule banning bias by lawyers, warns of arbiters deciding ‘who and what offends’
(DBN)

Former corporate lawyer draws inspiration from her family for her tireless clemency work
(DBN)

Is Biglaw Really Depraved?
(DBN)

Boies Says Firing Lawyers Is the Hardest Part of Running a Firm
(DBN)

Biglaw Firm Does Away With Gendered Language
(DBN)

9th Circuit revives lawyer’s suit against ex-husband for alleged email snooping
(DBN)

‘Tis The Season For Law School Exam Screw-Ups
(DBN)

The Best Law Schools In America For Career Prospects (2021)
(DBN)

Charging by the hour, losing by the minute
(DBN)

Trump vows to intervene in Texas election case before Supreme Court • Law Prof Who Came Up with Kamala Harris Birther Theory Tries to Intervene on Trump's Behalf at SCOTUS
(DBN)

Trump looks past Supreme Court loss to new election lawsuit
(DBN)

17 states tell Supreme Court they support Texas bid to reverse Biden win • Trump To Meet With Ten State Attorneys General Backing Case To Overturn Election • No, the U.S. Supreme Court Has Not Agreed to Hear Texas’ Lawsuit Challenging Swing State Election Results • 5 glaring problems with Texas' bid to overturn Biden's win at the Supreme Court • Explainer: Paxton's Silly Election Lawsuit • More on Statistical Stupidity at SCOTUS • Paxton's Stupid Attempt to End Democracy • The Lone Star State Has 17 Confederates in Its Quixotic Quest to Topple Four Other States' Elections • Trump asks Supreme Court to invalidate millions of votes in battleground states • Trump says Texas’s challenge to his election loss is “the big one.” It’s almost certain to fail. • Trump asked Ted Cruz to argue Texas election lawsuit if it reaches Supreme Court
(DBN)

Prominent Republicans Reject Trump-Backed Lawsuit To Overturn Election
(DBN)

‘Constitutional Law Attorney’ Either Doesn’t Understand There Isn’t a Rep. Kelly Petition Pending or She’s Lying
(DBN)

Trump Has Now Lost Over 50 Election Challenges
(DBN)

Powell's Last "Kraken" Lawsuit Fails in Wisc.
(DBN)

Federal Judge in Arizona Dismisses Third Limb of Sidney Powell's Post-Election 'Kraken,' Which Was 'Sorely Wanting of Relevant or Reliable Evidence' • Sidney Powell’s ‘Kraken’ Voter Fraud Suit Tossed in Arizona
(DBN)

Nevada Supreme Court rejects Trump campaign's appeal to overturn Biden's win
(DBN)

Florida officials defend raid on COVID-19 whistleblower as questions emerge about case
(DBN)

Anti-mask protesters in Idaho overwhelm cops, force cancellation of public health meeting • Idaho official leaves meeting in tears as anti-maskers swarmed her home
(DBN)

Rudy Giuliani's election-fraud witness Mellissa Carone said she won't quarantine after he tested positive for COVID-19, saying she'd only take it seriously if Trump said so • Giuliani’s star ‘election fraud’ witness says ‘the Obamas funded that Wuhan lab to make COVID’: report
(DBN)

Minneapolis eyes deep police cuts after Floyd’s death
(DBN)

Criminals are reportedly climbing on top of moving vehicles to steal PS5s from delivery drivers, as consumers struggle to buy Sony's new console
(DBN)

Biden Has No Legal Authority for an Actual National Mask Mandate
(DBN)

Pandemic Fatigue, Meet Pandemic Anger
(DBN)

‘Someone Ratted Us Out’: Restaurant Owned By Chicago Alderman Caught Defying Indoor Dining Ban
(DBN)

DHS Attempted to Comply with a Court Order to Welcome Dreamers, But the Judge Found the Website Is Not Up to Snuff
(DBN)

Seattle police found in contempt for use of less-lethal weapons on protesters
(DBN)

Stop the Coronavirus Outbreak at Brooklyn’s Federal Jail
(DBN)

'A blood lust': Spree of federal executions during lame-duck period is unprecedented
(DBN)

______________

Judges:

Rejecting Opposition From Judiciary, House Passes Bill to Make PACER Free • The Federal Judiciary Appears to Have Lied to Congress About the Cost of PACER Reform, and It Just Got Caught
(DBN)

Judge Benchslaps Gibson Dunn Saying They ‘Committed Fraud About Fraud’
(DBN)

Supreme Court is leaving Trump tax case in limbo as end of his term nears
(DBN)

Justice Alito emerges as a surprising voice of reason in a $124 billion housing case
(DBN)

Judge Sullivan: Flynn Walks, Barr Stinks, Take That Pardon And GTFO Of My Courtroom
(DBN)

Judge Whose Son Was Murdered By Disgruntled Litigant Asks Congress To Better Protect Federal Judges
(DBN)

Ex California Judge Admonished for Not Disclosing Relationship
(DBN)

______________

Wall Street:

Dow futures rise slightly as traders eye stimulus talks
(DBN)

U.S. Stocks Fail To Hold Early Gains, End On Negative Note
(DBN)

______________

Layoffs:

Foxwoods Announces Employee Furloughs
(DBN)

Cruise Starts Driverless Testing in SF
(DBN)

______________

Banking:

Citigroup heads to trial seeking to undo nearly $900 million Revlon blunder • Citi Official ‘Shocked’ Over $900 Million Error as Trial Begins • Citi official says creditors blew bank off on $900 million error
(DBN)

____________

Food/Beverage:

'It's decimated down here': About 85% of San Francisco FiDi, SoMa restaurants are closed
(DBN)

Baltimore Closes Restaurant Indoor And Outdoor Dining, Tightens COVID Restrictions
(DBN)

Are dining tents a safe way to eat out during the pandemic?
(DBN)

NYC’s Coffee-Cart Woes Spur $2 Million Grant From Morgan Stanley
(DBN)

Promising Court Opinions in First Wave of COVID Insurance Loss Claims for Restaurants
(DBN)

____________

Crypto:

Claims process begins for creditors of liquidated crypto exchange Cryptopia
(DBN)

____________

Healthcare:

US virus deaths hit record levels with the holidays ahead • December Smashes Records for Virus Cases as Deaths Near 300,000 • US Breaks Covid 19 One Day Death Toll • More People Died From Covid-19 In The U.S. On Wednesday Than During 9/11 Attacks
(DBN)

Which Hospitals Are Dangerously Full
(DBN)

Vaccine may soon get green light, but Americans must be vigilant to avoid 'unthinkable death toll,' expert says
(DBN)

Men face 'almost three times the odds' of ICU admission for Covid-19, study says
(DBN)

Virtually all children infected with COVID-19 show signs of blood vessel damage, study shows
(DBN)

Giuliani shares that he's getting the same COVID-19 treatment as Trump, as the US reports 2,622 more coronavirus deaths on Tuesday
(DBN)

Wealthy and connected get antibody COVID treatments unavailable to most Americans
(DBN)

Gallup: Affordable Care Act Approval Tied for High
(DBN)

Covid vaccine offers exhausted health workers hope, but U.S. ICUs are filling
(DBN)

Is anybody listening? Pandemic fatigue sets in among Californians as state faces 'viral tsunami'
(DBN)

U.S., Covid Vaccine Makers In Talks About Boosting Acquisition
(DBN)

The “two dose” problem for Covid-19 vaccines, briefly explained
(DBN)

Vaccine meeting offers hope while Trump harps on the past
(DBN)

Willingness to Get COVID-19 Vaccine Ticks Up to 63% in U.S.
(DBN)

Dr. Fauci is skipping Christmas with his family during the pandemic
(DBN)

Covid-19 becomes personal in a South Dakota town
(DBN)

Middle America is still racking up a ton of new coronavirus cases
(DBN)

Tensions rise over masks as virus grips smaller US cities
(DBN)

Trump claims US nearly at 15 percent COVID-19 immunity: 'That's a very powerful vaccine in itself'
(DBN)

Rich countries are accused of 'hoarding' coronavirus vaccines, leaving poorer nations at risk of struggling with their outbreaks for years
(DBN)

New York legislation could make COVID-19 vaccination mandatory
(DBN)

The FDA says Pfizer’s Covid vaccine is safe and effective. But trial participants warn of intense symptoms after second shot
(DBN)

Santa Claus is coming to town. Try not to infect him.
(DBN)

It may take Covid ‘long haulers’ over a year to recover, says Mayo Clinic doctor
(DBN)

Pennsylvania Gov. Tom Wolf tests positive for Covid and is isolating at home
(DBN)

WHO: People are living longer, but chronic disease is killing more
(DBN)

Health disparities are worse in the U.S.
(DBN)

____________


Economy:

US job openings unexpectedly climbed to 3-month high in October as hiring failed to accelerate • U.S. job openings rise moderately; layoffs increase • Job Openings in U.S. Unexpectedly Rose to a Three-Month High • BLS: Job Openings "Little Changed" at 6.7 Million in October
(DBN)

New White House offer adds $600 checks to COVID-19 relief • The two competing stimulus proposals, explained • Rhetoric, Confusion Threaten Stimulus Bill as Democrats Reject 2 GOP Offers • Covid relief bill would add a $300 boost to unemployment benefits for 16 weeks • Bipartisan Relief Plan Released Without Resolving Key Hurdles • Mitch McConnell trashed Democrats for holding up aid to jobless Americans - but the GOP stimulus plan contains zero dollars in extra federal unemployment benefits • Sen. Manchin says Covid bi-partisan relief plan is ‘not a do-all, end-all’
(DBN)

Covid relief talks hit another wall as Congress runs short on time to send help
(DBN)

Treasury yields fall as Congress continues to negotiate over stimulus
(DBN)

House votes to fund government for a week amid rush to strike spending, Covid relief deals
(DBN)

843,000 CT residents expect to lose income this month
(DBN)

Consumers are spending more in 2020 than in 2019, says Bank of America CEO
(DBN)

“There Was A Pandemic?” What Life Is Like In Countries Without COVID
(DBN)

Mitch McConnell stands in the way of Biden's economic recovery plans
(DBN)

A lot rides on Fed Chair Powell’s work with Yellen – possibly even his job
(DBN)

How the Coronavirus Outbreak Has – and Hasn’t – Changed the Way Americans Work
(DBN)

Americans should get ready for the 'roaring 20s' say UCLA economists
(DBN)


Vaccines Herald Return to Offices, But Workers Don’t Want to Go
(DBN)

How COVID Has Impacted Poverty in America
(DBN)

The class of 2020 was full of hope. Then the pandemic hit.
(DBN)

Manufacturers hunt for deals amid pandemic wreckage
(DBN)

Public and Private Sector Payroll Jobs During Presidential Terms
(DBN)

CBO: 83 Ways to Reduce the Deficit
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

Evictions loom for as many as 20 million Americans who are behind on rent. That's about the population of Florida.
(DBN)

Eviction moratorium and rental assistance may be in next stimulus package • Bipartisan Stimulus Offers $25 Billion Rent Assistance as Millions in Debt
(DBN)

To weather the coming eviction crisis, cities need better rent relief programs
(DBN)

U.S. home prices march upward
(DBN)

Census Survey: 51% of Florida Homes Aren't Current on Rent or Mortgage
(DBN)

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

Tax credits and rental assistance: How the Biden administration could reshape the country’s housing market
(DBN)

The Return to the Office Gets Put on Hold
(DBN)

High court takes on Fannie, Freddie presidential power case
(DBN)

Supreme Court Sends Mixed Signals on Fannie-Freddie Investor Claims • The $124 billion questions – Justices to hear argument in dispute over Fannie Mae, Freddie Mac shareholder suit
(DBN)

Seven big mall owners in precarious state: S&P
(DBN)

Congressional Democrats Are Now Investigating Whether Kushner Used Trump to Get Himself a Billion-Dollar Qatari Bailout
(DBN)

L.A. Megamansion Developer Nile Niami Places Spec Home in Bankruptcy
(WSJ)

Checkmate in WeHo for LA’s megamansion king
(DBN)

A Rise in Bankruptcy Filings for 2021 and How HOAs Should Brace for Impact
(DBN)

Housing is doing something it hasn’t done since the bubble
(DBN)

Renters return to Manhattan, driving 30% gain in new leases in November
(DBN)

Manhattan Apartments Haven’t Been This Cheap to Rent in 10 Years
(DBN)

____________

Municipalities:

New York Needs to Raise Taxes, Gov. Andrew Cuomo Says
(WSJ)

____________

Oil/Gas:

How oil majors shift billions in profits to island tax havens
(DBN)

Superior Energy Services files for Chapter 11 • Superior Energy Files Chapter 11; JPMorgan Chase Agents $120MM DIP Facility
(DBN)

The Oil Refinery Crisis Will Worsen
(DBN)

New York Fund to Divest from Fossil Fuels
(DBN)

____________

Climate:

The world's rich need to cut their carbon footprint by a factor of 30 to slow climate change, U.N. warns
(DBN)

Chevron CEO says company is embracing, investing in a lower carbon energy system
(DBN)

____________

Tourism:

In NYC, Christmas Without Tourists Is Not Merry For Businesses
(DBN)

____________

Sports:

Duke Basketball’s Krzyzewski Says It’s Time to Reconsider Season
(DBN)

Photographers capture a sports world disrupted in 2020
(DBN)

____________

Student Debt:

Next stimulus package may extend student loan payment pause until May
(DBN)

____________

Education:

For-Profit Chain's Bankruptcy Grinds to an End
(DBN)

Alabama school system issuing $1K COVID-19 bonuses
(DBN)

____________

Retailing:

Tuesday Morning judge orders claims purchasers to remove ‘false and misleading’ statements from website that urged creditors to reject Chapter 11 plan
(DBN)

Yeah, About That Consignment Agreement … How You Can Lose Your Goods in a Retail Bankruptcy
(DBN)

Ascena rescued from bankruptcy by private equity firm
(DBN)

New York & Co. parent gets court's blessing for liquidation plan
(DBN)

Is shopping in stores safe during the pandemic?
(DBN)

____________

Maritime:

Fidelity Calls for Urgent Action to Help Stranded Seafarers
(DBN)

____________

Autos:

Tesla shares are 'dramatically' overvalued: JPMorgan • Elon Musk’s Fortune Tumbles $9 Billion In One Day As JPMorgan Warns Investors Tesla Shares Are ‘Dramatically’ Overvalued
(DBN)

____________

Fraud:

Madoff Liquidator Seeks Billions From Swiss Banks
(DBN)

Madoff Trustee Requests Allocation Of More Than $74 Million To Customer Fund And Court Approval To Distribute More Than $190 Million To BLMIS Customers With Allowed Claims
(DBN)

____________

Pharma:

Money promised to combat U.S. overdose crisis sits unused
(DBN)

McKinsey issues a rare apology for its role in OxyContin sales
(DBN)

____________

Hollywood:

Hollywood Insiders Defend "Essential" Worker Status Amid Growing Criticism
(DBN)

____________

Cruise Lines:

After ‘cruise to nowhere’ returns early, Singapore says passenger does not have Covid
(DBN)

____________

Cameras:

Smartphones Wipe Out 40 Years of Camera Industry Growth
(DBN)

____________

 
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 (15 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (16 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)

______________

Exemptions:

Say Hello to California’s New Homestead Exemption
(DBN)

____________

Constitution:

Bankruptcy Courts and the Constitution
(DBN)

____________

Bankruptcy Reform:

The Consumer Bankruptcy Reform Act of 2020
(DBN)

Durbin, Warren, Nadler Introduce The Consumer Bankruptcy Reform Act Of 2020
(DBN)

____________

Advisers:

BDO USA Adds Worthy to Business Restructuring and Turnaround Services Practice
(DBN)

____________

Aviation:

Delta asks employees to take more unpaid leave in 2021 as business struggles
(DBN)

Europe’s Plan to Keep Planes Flying If There’s No Brexit Deal
(DBN)

White House Coronavirus Task Force backs restoration of inbound travel from Brazil, UK and Europe, sources say
(DBN)

Brazil's Gol is first airline to restart flights of Boeing 737 MAX
(DBN)

Airlines scrap international ticket change fees as demand crumbles in pandemic
(DBN)

The Rise of the Giant, Empty International Flight
(WSJ)

China flight attendants advised to wear diapers for Covid protection
(DBN)

New, state-owned Alitalia may replace old carrier in April -CEO
(DBN)

Flying will be ‘irresistible,’ says Virgin Australia CEO who predicts summer surge
(DBN)

____________

Coal:

Falling sales, job losses and bankruptcies: Pain spreads across coal country
(DBN)

____________

Politics:

‘Safe Harbor’ Day Was a Definitive Rebuke of Trump
(DBN)

Like I said, Trump is going to ghost us
(DBN)

GOP senators ready to say Biden won but they struggle with Trump's refusal to concede
(DBN)

Penn. GOP Leader Says Her House Would Be ‘Bombed’ If She Defied Trump’s Fraud Claims
(DBN)

Krugman: Republicans Can’t Handle the Truth
(DBN)

Trump Falsely Claims ‘No Candidate’ Has Lost Presidency If They Won Ohio And Florida
(DBN)

Trump's 2024 Campaign Theme: "We Wuz Robbed and We Won't Be Robbed Again"
(DBN)

Somehow, (at Least This Time) Democracy Survived
(DBN)

Here's what connects Covid denial and election denial
(DBN)

Despite Trump's venting and threats, Biden's win is sealed
(DBN)

Melania Trump 'just wants to go home'
(DBN)

Biden to face wary allies after four years of Trump's 'America First' rhetoric
(DBN)

Why so many people want to believe the election was stolen
(DBN)

‘This is Madness’: Mitt Romney Slams Republicans Threatening to Protest Biden’s Electoral College Victory
(DBN)

Mississippi’s governor limited gatherings in the state. But he’s still inviting legislators to holiday parties.
(DBN)

Migrant Caravans Head to U.S. Border in Early Test for Biden
(DBN)

Trump could be facing his first veto override right before he leaves the White House
(DBN)

Joe Biden’s son Hunter Biden under federal investigation for tax case
(DBN)

After Giuliani visit, Michigan House says nearly 30 have tested positive for Covid this year
(DBN)

____________

UK:

Council ‘not on verge of bankruptcy’ says Leader
(DBN)

The end of Brexit is finally in sight. What actually happened?
(DBN)

UK tells EU: back down by Sunday night or we'll walk • With Brexit deal deadline set for Sunday, chance of a deal now is narrowing
(DBN)

EU presents contingency measures on Brexit, Commission chief says
(DBN)

Brexit trade deal: What are the sticking points?
(DBN)

Irish foreign minister says gap still very wide in EU-UK talks
(DBN)

Britons may need visas to stay in EU more than 3 months -French minister
(DBN)

Paris enjoys Brexit bonus with estimated 4,735 extra finance jobs
(DBN)

U.K. Didn’t Realize Extent of Virus Due to ‘Very Limited’ Tests
(DBN)

London Luxury Homes Left Behind by Pandemic Property Boom
(DBN)

UK GDP growth slows to six-month low as COVID hits hospitality
(DBN)

UK economy won't recover from COVID until end of 2022 - CBI
(DBN)

Pubs have been thrown to the wolves on a whim — it’s time to stop the madness • UK pub operator Marston's sees tough winter ahead, seeks more government support
(DBN)

FirstGroup posts half-year loss as travel curbs continue to weigh
(DBN)

____________

EU:

ECB to unveil yet another anti-pandemic package
(DBN)

EU banks face 9.4 billion euro shortfall to meet capital rules
(DBN)

____________

PIIGS:

Half of Spanish firms saw revenues drop in fourth quarter, survey shows
(DBN)

____________

Canada:

U.S. malls owners are buying up distressed retailer tenants. Will Canadian counterparts follow?
(DBN)

Canada health regulator approves Pfizer’s COVID-19 vaccine.
(DBN)

____________

South Africa:

McKinsey to Repay $44 Million, Testify in S. African Graft Probe
(DBN)

South Africa Declares Second Wave of Coronavirus as Cases Surge
(DBN)

____________

France:

French Ski Resorts Sue Government Over Order to Shut Lifts
(DBN)

____________

Germany:

German economy to reach pre-crisis level in 2021 if COVID is under control - DIW
(DBN)

____________

Australia:

Insolvency reforms 2020 - restructuring process overview for insolvency practitioners
(DBN)

____________

MENA:

New Amendments to the UAE Bankruptcy Law
(DBN)

____________

China:

Chinese state-owned companies are in trouble. That could hurt the global recovery
(DBN)

When 31% Recovery Is a Thing of Beauty for Bond Holders
(DBN)

Fitch upgrades its China growth forecast for 2021
(DBN)

No reset in sight for U.S.-China relations, economist says
(DBN)

____________

South Korea:

Korea's Third Wave Still Unbroken
(DBN)

____________


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