December 18, 2020

The Daily Bankruptcy News

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Law:

Willkie Picks Restructuring Partner Feldman as Joint Chairman
(DBN)

Individualized Bonuses Can’t Hide The Lack Of Special Bonuses At This Biglaw Firm
(DBN)

Brand New Litigation Boutique Is Already Beating Cravath On Bonuses
(DBN)

Top 50 Biglaw Firm That Laid Off Associates Hands Out Market Bonuses If You Bill Enough
(DBN)

Top 30 Am Law Firm That Once Refused Special Bonuses Now Offers Them As Part Of Year-End Bonus Scale
(DBN)

With Historic Offer And Acceptance Rates, COVID Was No Match For Biglaw Summer Associate Programs
(DBN)

Firm accused of threatening stay-at-home staff with pay cuts
(DBN)

COVID-19 Pushed More Legal Departments to Cut Outside Spending
(DBN)

Higher pass rate but smaller pool for New York’s online bar exam
(DBN)

‘You are not dicking around with a rookie;’ lawyer’s deposition ‘churlishness’ is memorialized
(DBN)

Partner claims destroying meeting notes is ‘standard practice’
(DBN)

'The Party Was Over': Why Average Dallas Partner Compensation Dipped
(DBN)

Texas Makes Its Mark On Biglaw
(DBN)

Do law students, professors and administrators agree on challenges of online learning?
(DBN)

Litigating In My Pajamas
(DBN)

ABA’s Remote Work Opinion a ‘Major Step’ Forward for Mobility
(DBN)

Polarizing Election Work, Discrimination Suits May Dent Jones Day's Appeal To Young Lawyers
(DBN)

After Being Trump’s AG, Bill Barr May Have A Rough Job Search If He Wants To Work In Biglaw Ever Again
(DBN)

Democrats fret about Garland for attorney general
(DBN)

The legal titan and the 'Real Housewife': The rise and fall of Tom Girardi and Erika Jayne
(DBN)

Trump's new attorney general won't say if he'll order a special counsel probe into Hunter Biden, despite pressure from the White House
(DBN)

Biden Suggests ‘Foul Play’ in Political Efforts to Target Son
(DBN)

Trump can delay providing DNA sample if he turns over other evidence, accuser tells court
(DBN)

Facing lawsuit over restrictions on Christmas services, Washington, D.C., mayor eases coronavirus rules
(DBN)

Georgia Judge Rejects New GOP Voter Restrictions Requested Before Senate Runoff Elections
(DBN)

Rudy Giuliani hilariously mocked for using his YouTube channel to hawk gold coins
(DBN)

Dominion Voting demands Sidney Powell retract "baseless" election claims Days After Smartmatic's Legal Threat, Dominion Voting Systems Follows Suit with Demand Letter to Sidney Powell Legal Experts Explain Defamation Lawsuit Threat Made by Dominion Voting Systems Against Sidney Powell
(DBN)

Second Federal Judge in One Day Dismisses Georgia GOP Attack on Absentee Voting in Senate Runoffs
(DBN)

Man jailed for life over $20 marijuana sale has been freed
(DBN)

Georgia student jailed for 4 months after violating COVID-19 quarantine
(DBN)

Federal lawsuit: Kansas deputy purposely ran over Black man
(DBN)

2 strip clubs can stay open and set own COVID rules, California judge rules
(DBN)

Supreme Court denies religious school challenge to Kentucky's COVID-19 restrictions Citing imminent expiration, justices reject Christian school’s request for exemption from Kentucky’s in-person school closures
(DBN)

Justices Gorsuch and Alito Concerned That SCOTUS Didn’t Do More to Question COVID-19 Restrictions on Religious Schools
(DBN)

Supreme Smear: Lin Wood Goes Full Q in Bonkers Tweets Telling 800,000-Plus Followers That Chief Justice Roberts Called Trump a ‘Mother******’ on a Phone Call
(DBN)

New Police Bodycam Footage Shows Travis McMichael Blaming Ahmaud Arbery After Shooting Him Video shows police did not immediately help Arbery after his fatal shooting
(DBN)

Chicago officials tried to block release of bodycam footage that showed police handcuffing naked woman in botched raid
(DBN)

Ring of 'hardened drug dealers' sold mass amounts of cocaine, other drugs from North Carolina frat houses, feds say
(DBN)

Amash's Bill Would End Civil Asset Theft
(DBN)

Serial killings are waning, leading to speculation about the cause
(DBN)

Law firms unveil 'interesting' Christmas music videos
(DBN)

Glamorous Solicitor 2020: The Final
(DBN)

______________

Judges:

Do you know what makes your judge tick?
(DBN)

White House Press Secretary Kayleigh McEnany Derides Courts For ‘Gimmickry,’ By Which She Means ‘Applying The Law’
(DBN)

Rand Paul Blocks Law To Protect Federal Judges Judicial Security Legislation Stalls, Awaits Congressional Action in 2021
(DBN)

Greenville man indicted for damage to U.S. Bankruptcy Court during May 31 George Floyd demonstration
(DBN)

'Dangerous Situation': Inside the Mind of a Man Who Threatened to Murder a Judge
(DBN)

Trump's judicial legacy will block Biden's
(DBN)

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Wall Street:

Stock futures lower after major averages close at record highs
(DBN)

European stocks inch up and U.S. equity futures struggle with Brexit and stimulus talks in the spotlight
(DBN)

Hardly Anyone Is Actually Inside Wall Street’s Big Office Towers
(DBN)

Goldman Trading Bonus May Jump Nearly 20% After Year’s Windfall
(DBN)

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Layoffs:

Coca-Cola will cut 2,200 jobs worldwide as part of restructuring plan
(DBN)

How Covid-19 Is Helping Robots Take Your Job
(DBN)

______________

Retailing:

Guitar Center Nears Bankruptcy Exit After Court Confirmation Guitar Center OK'd to exit one-month bankruptcy
(DBN)

Bankruptcy alum Rue21 plans to open 15 new stores Fashion Retailer rue21 Strikes Deal To Retire Debt
(DBN)

5 ways the coronavirus pandemic is reshaping the future of retail stores
(DBN)

J.C. Penney closing more stores after exiting bankruptcy. Will your store close in March 2021? See the list.
(DBN)

A record number of people plan to shop the Saturday before Christmas
(DBN)

U.S. retailers want shoppers to help Santa with curbside pickup
(DBN)

The Year that Changed Retail Forever
(DBN)

____________

Politics:

No, Jan. 6 isn't another chance for Trump to reverse the election
(DBN)

Sen.-elect Tuberville suggests he'll back effort on challenge Electoral College vote
(DBN)

Loeffler repeatedly dodges questions about winner of White House race
(DBN)

Pence to head overseas hours after formally declaring Biden the presidential victor Vice President Mike Pence may skip town after overseeing final confirmation of Biden's 2020 victory to escape blowback from Trump, GOP
(DBN)

Texas lawsuit was the last straw. I'm leaving the Republican Party: Former NH GOP chair
(DBN)

Poll: 60 percent approve of Biden's job as president-elect
(DBN)

Once a friend, Biden calls Lindsey Graham 'a personal disappointment' for not recognizing election win
(DBN)

The GOP's 'deprivation' fetish is making it impossible to make policy, even in a total disaster
(DBN)

SolarWinds Hack May Be Tip of Iceberg, Evidence of Multiple Hacks Found Federal investigators find evidence of previously unknown tactics used to penetrate government networks Russian hack ‘will take years to overcome,’ says former Intelligence official Microsoft was swept up in SolarWinds hack Russia-Linked SolarWinds Hack Ensnares Widening List of Victims Nuclear weapons agency breached amid massive cyber onslaught ‘The Largest Espionage Attack in History’: Bush Cyber Czar Richard Clarke Sounds Alarm on Suspected Russian Attack
(DBN)

Watchdog: Amy McGrath Campaign Illegally Coordinated with Democratic Party Super PACs in Bid to Unseat Mitch McConnell
(DBN)

Incoming Biden deputy chief of staff says she shouldn't have referred to lawmakers as f------
(DBN)

Biden to nominate Rep. Deb Haaland to be first Native American Interior secretary, report
(DBN)

Georgia Gov. Kemp says pro-Trump conspiracy theorists have threatened his family
(DBN)

Congressman cracks open beer in farewell U.S. House speech
(DBN)

How Offshore Oddsmakers Made a Killing off Gullible Trump Supporters
(DBN)

To Rand Paul the Fraud was People Voted
(DBN)

____________

Climate:

Snowstorm rages in New England after burying parts of New York with more than 40 inches
(DBN)

NYC sees more snow in one day than all of last winter season
(DBN)

U.K. Says Climate Goals Can Be Met Without Hurting the Economy
(DBN)

Global rich must cut their carbon footprint 97% to stave off climate change, UN says
(DBN)

____________

Corporate Governance:

The U.S. Should Stop Helping Criminals Hide Money
(DBN)

____________

Pharma:

Sackler Family Member Denies Improper Transfers of Purdue Funds Members of Sackler family refuse to take blame for US opioid crisis Sacklers apologize but deflect blame at U.S. congressional opioid hearing Sackler family points fingers at Purdue Pharma during House hearing on opioids
(DBN)

Despite Years Of Litigation, The Sackler Family Behind OxyContin Is Still Worth Billions
(DBN)

____________

Sports:

Duke coach's Covid comments ignited a basketball controversy — but he's right Duke sending players home for break
(DBN)

Golden State Warriors lose bid to escape Oakland arena debt
(DBN)

Houston basketball coach says all 15 of his players have tested positive for the coronavirus this year
(DBN)

____________


Economy:

Congressional leaders try to clear final hurdles in sprint to finish coronavirus relief package Congress Is Still Willing to Let America Down Senate "highly likely" to work through weekend on COVID, funding bills Successful Push For Stimulus Checks Worsens Covid Relief Bill $600 Second Stimulus Checks Severely Undercut What Americans Want White House aides talked Trump out of last-minute demand for stimulus checks as big as $2,000 Senate GOP looks to stopgap as relief talks drag on Fight over Federal Reserve powers holding up year-end deal U.S. Republicans seek firm end to Fed's coronavirus loans, complicating aid talks Stimulus talks could spill into weekend as lawmakers scramble to complete deal
(DBN)

Hawley to try to force vote on proposal for $1.2K stimulus checks
(DBN)

Desperate Small Businesses Await Fresh Aid With or Without Flaws
(DBN)

We still need fiscal support to avoid bankruptcies and permanent damage to the labor market, says BNY’s Young
(DBN)

Fed's Main Street lending sees record volume in closing days
(DBN)

Out-of-work Americans are foregoing Christmas this year
(DBN)

These states got tired of waiting for Washington, went ahead with their own coronavirus stimulus
(DBN)

Poll: Americans care a lot more about Covid-19 relief than the national debt right now
(DBN)

Mitch McConnell Included $600 Checks in Covid-19 Stimulus Plans After Hearing That Opposition Could Cost Republicans the Senate Runoffs in Georgia, Report Says
(DBN)

Biden: Additional Covid aid depends on Georgia Senate wins for Warnock, Ossoff
(DBN)

Billions for bar service? Fed bond buying now tied to service sector rebound
(DBN)

Every State in U.S. Saw Personal Incomes Drop in Third Quarter
(DBN)

50 years of tax cuts for the rich didn't trickle down, study says
(DBN)

Fed GDPNow latest estimate: 11.1 percent
(DBN)

These 5 charts show the pandemic's devastating effect on working women

85.4 million face trouble paying bills: census
(DBN)

Philly Fed Manufacturing "growth was less widespread" in December, Kansas City Fed "Activity Expanded Further"
(DBN)

Weekly Initial Unemployment Claims increased to 885,000 US jobless claims rise to 885,000 amid resurgence of virus Jobless claims rise for the second week in a row, highest level since Labor Day U.S. jobless claims unexpectedly jump to highest in three months Disappointing jobless claims are ‘worse than they look’
(DBN)

Long-term unemployment has hit ‘dangerous levels’: Fmr. Biden Economic Advisor
(DBN)

States Whose Weekly Unemployment Claims Are Increasing the Most
(DBN)

America's poverty rising at fastest rate ever
(DBN)

Holiday season exposes widening disparity among American families
(DBN)

Major companies might mandate COVID-19 vaccines for some employees, a poll of 150 current and recent CEOs suggests
(DBN)

The New Battles to Come Over Working From Home
(DBN)

The Work-From-Home Boom Is Here to Stay. Get Ready for Pay Cuts
(DBN)

Cash Sent to Latin American Families Defies Forecasts for Plunge
(DBN)

Nearly 46,000 businesses slashed 401(k) contributions during pandemic
(DBN)

America’s toughest year? 3 in 4 say 2020 pushed the country into an ‘existential crisis’
(DBN)

Fauci Says Life For Everyone, Including Vulnerable People, Can Return To Normal By Fall If Enough People Get Vaccinated Against Covid-19 Houston doctor says half of the nurses in his unit don't want COVID-19 vaccine for political reasons
(DBN)

After the coronavirus comes the coronadeficit
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

States grapple with next steps on evictions as crisis grows
(DBN)

The world's CFOs have a dire message for commercial property investors
(DBN)

Still Litigating the 2007-08 Financial Crisis: The Claims Keep Coming
(DBN)

Opinion of Interest – In re CEC Entertainment Inc.: COVID Disruptions Do Not Justify Additional Rent Deferrals Beyond Initial 60-Day Period Expressly Permitted by Bankruptcy Code
(DBN)

The CDC banned evictions for those affected by Covid. Why are tenants being thrown out on the street?
(DBN)

Landlords are running out of money. 'We don't get unemployment'
(DBN)

Housing Starts increased to 1.547 Million Annual Rate in November U.S. Housing Starts Rose For a Third-Straight Month in November
(DBN)

CAR on California November Housing: Sales up 26% YoY, Active Listings down 47% YoY
(DBN)

U.S. Mortgage Rates Drop to Record Low for 15th Time This Year
(DBN)

Breather’s US, UK subsidiaries reportedly file for insolvency
(DBN)

____________

Municipalities:

How to keep NYC from going bankrupt
(DBN)

____________

Oil/Gas:

Rystad Energy: Bankruptcy-hit U.S. operators set to lose a quarter of oil production in 2021
(DBN)

2020 In Review: One Of The Oil And Gas Industry’s Worst Years Approaches A Merciful End
(DBN)

Williams' deal with Chesapeake wins bankruptcy court approval
(DBN)

Lloyd’s of London Plans to Exit Fossil-Fuel Insurance by 2030
(DBN)

____________

Student Debt:

House Democrats call on Biden to forgive $50,000 of borrowers’ student debt
(DBN)

The Student Loan Bankruptcy Gap

____________

Entertainment:

George Clooney defends Tom Cruise's COVID-19 rant
(DBN)

Tom Cruise shuts down Mission Impossible set to take early break after Covid meltdown
(DBN)

____________

Food/Beverage:

Emerging from bankruptcy, California Pizza Kitchen hires new CFO
(DBN)

Should you close, sell or declare bankruptcy? What restaurants need to know.
(DBN)

Dining out: November US restaurant sales stung by cold, pandemic
(DBN)

'Not A Lot To Celebrate' For Boston Restaurant Trying To Survive The Pandemic
(DBN)

Tyson Foods Fires 7 Plant Managers Over Betting Ring On Workers Getting COVID-19
(DBN)

Pandemic Is Starting to Hit North American Meat Plants Again
(DBN)

How May We Serve You? For Restaurant Chains, It Depends on the Location
(DBN)

____________

Healthcare:

Tracking COVID-19 hospitalization in every state
(DBN)

COVID-19 is the leading cause of death in the U.S. ahead of heart disease and cancer, study finds, with daily tolls tripling in the last month
(DBN)

1 out of every 200 Americans was diagnosed with COVID in the last week
(DBN)

California reports daily record of more than 50,000 coronavirus cases, nearly 400 deaths California logs 1,000 coronavirus deaths in 5 days, 106,000 new cases in past 2 days
(DBN)

ICU capacity drops to 0% in Southern California
(DBN)

House, Senate leaders and Supreme Court will get vaccines in coming days
(DBN)

Vaccines reach COVID-ravaged Indigenous communities
(DBN)

Trump is conspicuously absent from the list of public figures getting a coronavirus vaccine soon
(DBN)

Paid Sick Time Becomes Key Issue for Investors This Proxy Season
(DBN)

There has been a ‘disproportionate burden’ on vulnerable populations amid COVID-19: Doctor
(DBN)

Hundreds of maskless Long Beach police gathered at indoor 'superspreader' event, complaint says
(DBN)

Tennessee 'Worst in the World' For COVID Transmission, Doctor Says
(DBN)

Federal prisons to prioritize staffers for COVID-19 vaccine
(DBN)

FDA, Pfizer Revising Covid Vaccine Guidelines on Side Effects
(DBN)

HHS Sec. Azar says Pfizer keeps U.S. at ‘arm’s length’ on vaccine manufacturing
(DBN)

Pfizer says no vaccine shipments have been delayed Pfizer says 'millions' of vaccine doses are waiting to be shipped — but the government hasn't told them where to go Geez: They Had Nine Months to Figure This Out
(DBN)

Two governors say CDC cutting vaccine allocations
(DBN)

States report confusion as feds slash vaccine shipments, and Pfizer says it has 'millions' of unclaimed doses
(DBN)

Key differences between two Covid vaccines
(DBN)

FDA panel endorses Moderna COVID-19 vaccine FDA vows to move 'rapidly' to authorize second coronavirus vaccine
(DBN)

Hospitals boost security, seek to stop vaccine 'line-jumping'
(DBN)

2 U.S. hospital workers have allergic reactions to COVID vaccine
(DBN)

Putin Says He Won’t Take Russia Vaccine Yet Because He’s Too Old
(DBN)

COVID-19 Creating Mental Health Crisis For Children, Experts Say
(DBN)

Debunked COVID-19 myths survive online, despite facts
(DBN)

‘Feel Like I’ve Aged 20 Years’: COVID Long Haulers Continue To Experience Symptoms Months Later
(DBN)

Azar to Stay on the Job After Wife Tests Positive for Covid-19
(DBN)

Trump states shut out COVID headlines as virus rages
(DBN)

____________

Private Equity:

Private Equity Digs Into Its Pockets to Keep Companies Afloat
(DBN)

____________

 


New Bankruptcy Opinions
(1 new opinion today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

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

Recent Ch. 11 Adversary Proceeding Filings (6 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 Strategy:

Fast-Tracked Bankruptcies Leave Some Creditors in the Dark
(DBN)

____________

Subchapter V:

Subchapter V Trustees: Compensated On Hourly Fee, Not Percentage of Disbursements (In re Tri-State & Subchapter V Handbook)
(DBN)

Expanded Chapter 11 Small Business Reorganization Act Eligibility: A Temporary Opportunity for Businesses in Distress
(DBN)

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Automatic Stay:

Automatic Stay Blocks Interference With Debtor Business Relationships
(DBN)

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Preemption:

New York’s Highest Court Finds That Federal Bankruptcy Law Does Not Preempt State Law Tortious Interference Claims
(DBN)

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Finance:

ABI Letter Urges Congressional Leadership to Consider Bankrupt Debtors Eligible to Access PPP Funding
(DBN)

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Litigation:

Sense And Nonsense
(DBN)

____________

Tax:

Are PPP Loan Expenses Deductible? It’s Complicated.
(DBN)

____________

Aviation:

Vaccine news has led to a spike in travel bookings for 2021 and beyond
(DBN)

Even with vaccine, COVID tests will be the passport to travel in 2021
(DBN)

American Airlines' Market Losses Will Aid Competitors' Recoveries
(DBN)

Turbulence Remains but Clearer Skies Ahead: Challenges and Opportunities in the Aviation Sector
(DBN)

Quarantine-free travel from U.S. to Europe shows first signs of becoming reality
(DBN)

Canada Takes First Step in Allowing Boeing 737 Max to Fly Again Canada expects end to Boeing 737 MAX flight ban in January, approves design changes
(DBN)

Will business travel return to normal with Covid vaccine? Executives are split
(DBN)

Norwegian Air shareholders back restructuring plan
(DBN)

____________

Bankruptcy Crimes:

Woman Charged with Wire Fraud Relating to Chapter 13 Bankruptcy
(DBN)

____________

Hotels:

Hotels: Occupancy Rate Declined 37.4% Year-over-year
(DBN)

US hotel results for week ending 12 December
(DBN)

US hotel industry desperate for next round of relief
(DBN)

____________

Movie Theaters:

Movie theaters may slash ticket prices to $3 for Warner Bros. films, according to a report, after the studio said it would debut movies on HBO Max alongside cinemas
(DBN)

____________

Celebs:

'RHOBH' Star Erika Jayne's Husband Reportedly Being Forced Into Bankruptcy
(DBN)

____________

Education:

College students wrap up a stress-filled COVID fall semester College freshmen having first-year experience unlike any other
(DBN)

____________

Coal:

Coal Sales to Rebound With First Gains in Years in U.S., Europe
(DBN)

Old Coal Mines Can Win a Second Life as Green Energy Hotspots
(DBN)

____________

Maritime:

What Happens When Tycoons Abandon Their Own Giant Cargo Ships
(DBN)

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Banking:

Lloyds Bank Scraps All Bonuses for 2020 After Pandemic Hammers Profit
(DBN)

____________

Pensions:

Texas Sees Sharp Rise in Troubled Funds
(DBN)

____________

Transit:

New York MTA budget assumes limited federal aid
(DBN)

____________

UK:

U.K. Extends Covid Wage Support, Business Loans to Aid Recovery U.K. Boosts Wage Support and Tightens Covid Rules as Cases Rise
(DBN)

Can UK retailers use a CVA to re-write existing lease arrangements?
(DBN)

UK food and drink sector in crosshairs should Brexit free trade talks fail
(DBN)

Just ‘a few hours’ left to agree a Brexit trade deal, top EU negotiator says
(DBN)

The Fish Fight Reveals Ultimate Brexit Truths
(DBN)

Pound Falls as Brexit Negotiators Warn of Trade-Deal Obstacles
(DBN)

U.K. Businesses Seek Grace Period to Adjust to Post-Brexit Rules
(DBN)

Cross border insolvency – an overview of the current EU legal framework and the impact of a "no deal" Brexit on UK/EU cross border insolvencies under the Recast Regulation
(DBN)

Victory for Irish Landlords in Monsoon CVA Rent Disputes
(DBN)

Large Areas of Southeast England Moved to Highest Covid-19 Curbs
(DBN)

Gridlock at UK ports could cancel Christmas for retailers
(DBN)

U.K. consumer confidence increases in December
(DBN)

Barclays Acted A Bit Too American In Its Dealings With British Customers
(DBN)

____________

EU:

EU to help banks to jettison loans soured by COVID
(DBN)

____________

PIIGS:

European Cross-Border Attachment Order Added to Italian Protective Tools for Creditors
(DBN)

____________

Canada:

Emerging trends in insolvency & restructuring
(DBN)

Canada sees slowest population growth since 1946 on travel bans
(DBN)

____________

Mexico:

Mexico City Resists Lockdown With Hospital Occupancy at 75%
(DBN)

____________

Africa:

Drugmakers should cut COVID-19 vaccine prices for Africa - Africa CDC
(DBN)

____________

China:

China's recent state-linked bond defaults pose limited systemic risk – analysts
(DBN)

____________

India:

India likely to witness sharp rise in insolvencies in the coming days
(DBN)

____________

MENA:

Dubai Developer Meydan Business Under Review Amid Glut
(DBN)

____________

New Zealand:

New Zealand's virus-induced recession ends with record growth
(DBN)

____________

Latin America:

Unemployment in Latin America to hit highest level in more than a decade - ILO
(DBN)

____________

Indonesia:

Jakarta Sets Curfew for Restaurants, Malls to Curb Virus Spread
(DBN)

____________

Australia:

Change to personal bankruptcy threshold
(DBN)

Emerging from COVID-19: Key insolvency reforms to commence in 2021 for small businesses
(DBN)

Credit leaders urge Government not to extend insolvency protections
(DBN)

____________

Hong Kong:

Bankruptcy filings at new high
(DBN)

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