December 2, 2020

The Daily Bankruptcy News

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Law:

Weil Gotshal Year-End Bonuses Are Nice, But That Doesn’t Mean Everyone Is Happy
(DBN)

Top 25 Am Law Firm Hands Out Up To Six-Figure Bonuses For Associates — But People Are Still Mad
(DBN)

Davis Polk, Weil Match Cravath Year-End Bonus Scale
(DBN)

Paul Hastings Changes Course, Issuing Associate Bonuses Early
(DBN)

Associate Compensation Scorecard: Biglaw’s 2020 Bonus Bonanza
(DBN)

Cooley Names New Restructuring Partner
(DBN)

As worst-case scenarios for law firms fail to materialize, some trends emerge, new report says
(DBN)

Thought Leaders Restructuring & Insolvency 2020 - Albert Togut • Natasha Harrison • Ben Hobden • Chris Kennedy • Alex Lawson • Richard G Mason • Paul Pretlove
(DBN)

Ousted federal prosecutor hired by New York law firm
(DBN)

After Sliding at Pandemic's Start, Law Firm Subsidiaries Are Soaring
(DBN)

It’s Time to Educate Lawyers as Leaders
(DBN)

Meet Sidney Powell, the conspiracy-minded lawyer who vowed to ‘release the kraken’ in election suits • Sidney Powell's ‘Kraken’ Lawsuit Included Altered Exhibit of Georgia’s Certification of Dominion Voting Machines • Sidney Powell’s new lawsuit claiming election fraud cites a witness from a place that doesn’t exist
(DBN)

Trump Lawyers Botch Hearsay Rule… AGAIN!
(DBN)

Attorney Jobs At Risk As Biglaw Behemoth Moves To ‘Virtual Roles’
(DBN)

The Lawyer Holiday Gift Guide: The Best Gifts For The Attorney In Your Life
(DBN)

Litigant accused in strangulation death of suburban Chicago lawyer lands on most-wanted list
(DBN)

Barr Appoints Durham Special Counsel on Russia Probe Origin • Bill Barr Appointed John Durham as Special Counsel Two Weeks Before Election Day — Here's What He's Authorized to Investigate • The Guy Barr Appointed Not Eligible for Job
(DBN)

Justice Department investigating potential presidential pardon bribery scheme, court records reveal • Judge's Unsealed Ruling Reveals Alleged Bribery Scheme Involving Pardons
(DBN)

Trump Sues to Reverse Wisconsin Vote Certification
(DBN)

Trump Campaign’s Unproven Vote Claims Lead to Cyber Staff Exodus
(DBN)

Barr says DOJ hasn't uncovered widespread voting fraud • Barr says DOJ has not seen evidence of fraud that would change election results • Barr Defies Trump, Says No Evidence Of Voter Fraud That Could Change Election Result • Bill Barr has sounded the death knell on Trump's wild claims
(DBN)

Trump Lawyer Who Said Cybersecurity Official Who Told Truth About Election Should Be Killed Can Expect To Be Sued • Trump Campaign Lawyer Joe diGenova Could Be Disciplined for 'Stunning' Statement That Chris Krebs Should Be 'Shot'
(DBN)

'Someone's gonna get shot': Georgia official calls out Trump, senators over harsh election rhetoric
(DBN)

Supreme Court asked to nullify Biden win in Pa. amid mail-in ballot challenge
(DBN)

Trump sues to reverse Biden’s Wisconsin win
(DBN)

Arizona governor becomes latest Trump target after certifying Biden's win
(DBN)

Tea Party Leader: Suspend the Constitution, Declare Martial Law for New Vote
(DBN)

Trump Nears ‘Checkmate’ Stage in Last-Gasp Bid to Undo Election
(DBN)

Trump, Kushner, White House sued by watchdog to prevent illegal deletion of official emails, WhatsApp messages
(DBN)

Giuliani? Manafort? Himself?
(DBN)

Giuliani Is Said to Have Discussed a Pardon With Trump
(DBN)

Talk of self-pardon for Trump heats up
(DBN)

Sean Hannity says Trump should pardon himself and his family to avoid a 'witch hunt.' Experts say it's not that simple.
(DBN)

Pardoning Giuliani Would Put Trump in Legal Jeopardy
(DBN)

Elected Official Ate Outdoors at Restaurant Hours After Voting to Ban Outdoor Dining
(DBN)

Do we really need the COVID-19 police?
(DBN)

After Decision in N.Y. Case, Kentucky School Asks SCOTUS to Nix COVID-19 Restrictions and Reopen Religious Schools
(DBN)

‘Biblical mandate.’ California churches ready to defy Newsom after Supreme Court ruling
(DBN)

Why are some churches unconcerned about holding super-spreader events?
(DBN)

Most Gun Deaths in the U.S. Are Suicides
(DBN)

Mother suspected of keeping son captive for decades
(DBN)

TX: Shuttering 3 More Prisons for Lack of Staff
(DBN)

______________

Judges:

Manhattan Federal Court Halts Jury Trials on Covid Concerns
(DBN)

______________

Wall Street:

Stock futures dip after strong start to December
(DBN)

S&P 500 rises 1% to a record closing high to kick off December, building on historic rally • S&P 500, Nasdaq clinch record closes on renewed hopes for fiscal aid package
(DBN)

Dow Has Best November Since 1928
(DBN)

______________

Layoffs:

Vornado to Cut 70 Jobs, Reduce Salaries in Bid to Slash Expenses
(DBN)

Conoco Warns of 500 Houston Job Cuts
(DBN)

Walmart to lay off more than 1,200
(DBN)

Providence Health & Services Outsourcing 177 Jobs
(DBN)

AIB Deepens Cost Cuts as 1,500 Bankers Set to Exit
(DBN)

Global Bank Job Cuts Reach Five-Year High
(DBN)

______________

Utilities:

Nearly 1 Million Californians Facing Blackouts on Wildfire Risk
(DBN)

____________

Politics:

Trump keeps retweeting the anonymous account 'Catturd2,' which backs his baseless election-fraud claims. The handle is now trending.
(DBN)

Trump talks of 'another four years' during Christmas reception
(DBN)

Trump's campaign ends as his first one began, surrounded by outcasts and cranks
(DBN)

Trump raises $170 million as he denies his loss and eyes the future
(DBN)

Ohio GOP lawmakers are trying to impeach Gov. Mike DeWine over his covid-19 rules. He says it's a 'fantasy.'
(DBN)

How one Trump-loving governor totally shut down the President's voter fraud claims
(DBN)

GOP silence on Trump's false election claims recalls McCarthy era
(DBN)

The Philadelphia suburbs were the key to Joe Biden’s Pennsylvania victory
(DBN)

Trump is Now Demanding Republicans ‘Call Off’ the Georgia Special Election: ‘It Won’t Be Needed’
(DBN)

McConnell in tough position as House eyes earmark return
(DBN)

Trump Threatens to Veto Defense Bill Over Big Tech Legal Shield
(DBN)

____________

Banking:

U.S. Banks Saw Record Hit to Interest Income as Covid Raged
(DBN)

____________

Retailing:

Bankrupt Ann Taylor, Lane Bryant Poised for Private Equity Fix
(DBN)

Fashion retailer Tailored Brands emerges from bankruptcy protection
(DBN)

Stein Mart seeks extension to file bankruptcy reorganization plan
(DBN)

U.S. Holiday Sales Are Booming, Just Not in Stores
(DBN)

20 Retailers to Watch for a Bankruptcy Filing in the First Half of 2021
(DBN)

Factbox: Retail casualties of the coronavirus pandemic
(DBN)

____________

Food/Beverage:

Creditors of US fish taco chain to take heavy losses in bankruptcy exit plan
(DBN)

This Is the Winter From Hell for Restaurants and Workers
(DBN)

Bankrupt NPC International cancels bidding for hundreds of Wendy’s and Pizza Hut restaurants
(DBN)

These Seattle bars, restaurants closed permanently due to COVID-19
(DBN)

____________

Student Debt:

What 1,000 Student Loan Borrowers Say About Biden’s Plans For Student Loans
(DBN)

____________

Autos:

Bankrupt Hertz Is Betting $5 Billion On A Much Stronger Economy In 2021
(DBN)

The Bankruptcy Court Has Spoken on Hertz, Now Let the Buyers Beware
(DBN)

U.S. auto sales lose momentum in November: Wards Intelligence
(DBN)

____________

Agribusiness:

Farm Bankruptcy Reorganizations for Agribusinesses
(DBN)

____________

Cruise Lines:

Why Bankruptcy Risks Still Loom for Carnival
(DBN)

____________


Economy:

Biden unveils economic team at critical moment for recovery • Biden says economic team, each shaped by hardship, will focus on families • Biden is building a team that looks like the people it serves
(DBN)

Biden's Economic Team Knows Compromise Is Overrated
(DBN)

GOP objects to Biden nominees, a sign of what's to come
(DBN)

Nine months after the health crisis began, unemployment claims near record high
(DBN)

Jobless Benefits Still Near Record High
(DBN)

A Recession Ends, But the Shakeup Is Just Starting
(DBN)

Fed Economists Warn of Debt Overhang Problem From Covid Crisis
(DBN)

More than half of emergency small business funds went to larger businesses, new data show • Release of PPP loan recipients data reveals troubling patterns
(DBN)

ISM Manufacturing index Decreased to 57.5 in November • U.S. Factory Gauge Eases From Two-Year High as Employment Cools
(DBN)

U.S. Manufacturing Activity Expands at the Quickest Pace in Six Years -- IHS Markit
(DBN)

Vaccine Won’t Halt Travel, Retail Decay
(DBN)

Fed GDPNow latest estimate: 11.1 percent
(DBN)

Factory Floors Keep Global Economy Chugging Along Amid Virus Hit
(DBN)

Bipartisan group of senators prepares $908 billion stimulus plan, aiming to break partisan logjam • New $908 Billion Bipartisan Stimulus Proposal Released Today—Here’s What’s In It • McConnell shoots down bipartisan $900 billion coronavirus stimulus plan as stalemate drags on • New Proposed Stimulus Bill Could Extend Student Loan Relief And Unemployment Benefits - But Includes No Cash Payments • Biden Calls on Congress to Pass ‘Robust Package’ for Stimulus • Pelosi, McConnell Offer New Stimulus Plans to Jumpstart Talks • Biden: Stimulus Bill Passed During Lame Duck Session Is ‘At Best Just A Start’ • Congress has resumed talks about a new COVID-19 deal but here's why $1,200 stimulus checks probably aren't coming anytime soon • No $1,200 stimulus checks. How stimulus proposal would not help hurting Americans • McConnell: COVID-19 relief will be added to omnibus spending package
(DBN)

Emergency housing assistance for older adults needed now
(DBN)

States race to craft their own economic relief plans, frustrated with federal inaction
(DBN)

Obama chief economist responds to McConnell quoting him on Senate floor: He missed 'a critical part'
(DBN)

Powell, Mnuchin Embrace New Stimulus After Rift Over Fed Lending
(DBN)

Mnuchin Says Congress Must Redirect $455 Billion, Not Biden • Mnuchin accused of sabotaging the economy, but he said he’s only following law • Secretary Mnuchin takes heat in Senate hearing for winding down emergency lending program
(DBN)

Fed’s Brainard Says More Fiscal Aid Needed to Prevent ‘Scarring’
(DBN)

Millions May Be Owed Retroactive Unemployment Benefits
(DBN)

Maryland's governor presses Washington for more virus aid
(DBN)

Biden's economic team set to prepare ambitious recovery plan, challenging Republicans' renewed debt worries • Biden Introduces Team to Lead Economy Out of Coronavirus Slide
(DBN)

Yellen signals hope of peace abroad, fix inequalities at home
(DBN)

The Biden Team Will Have to Reinvent Fiscal Policy
(DBN)

Biden's pick to lead White House budget office emerges as lightning rod for GOP • The OMB Director Shouldn’t Be ‘Partisan’? That’s a New One
(DBN)

Democrats' New Agenda Is to Aid the Affluent
(DBN)

The trickle-down tragedies of the pandemic
(DBN)

‘Work-From-Home’ Professionals Watch Two Hours More Daytime TV
(DBN)

How remote work affected the world's economic health
(DBN)

3 in 4 workers want to continue working in an office in the future
(DBN)

We're working longer days during the pandemic
(DBN)

Mnuchin says Trump 'wants to make sure there is not a shutdown'
(DBN)

Joe Biden has a $335 billion child-care plan — and Republican lawmakers could be on board with parts of it
(DBN)

'In triage mode': South Florida food banks worry about dwindling supplies
(DBN)

Biden tells NYT columnist he won’t immediately remove Trump’s tariffs on China
(DBN)

COVID-19 damage to Social Security to extend beyond pandemic
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

MBA Survey: "Share of Mortgage Loans in Forbearance Increases to 5.54%"
(DBN)

Construction Spending Increased 1.3% in October
(DBN)

Update: Framing Lumber Prices Up 50% Year-over-year
(DBN)

Mortgage demand from homebuyers spikes 28%, and the average loan amount sets a record high
(DBN)

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

CoreLogic: House Prices up 7.3% Year-over-year in October
(DBN)

Office Space for Rent in Manhattan Hits Highest Level Since 2003
(DBN)

New York Suburbs See Condo-Buying Boom as Houses Get Too Pricey
(DBN)

Suburbs see greatest gain in single-family construction in Q3
(DBN)

Homebuyers Brace for Pain in a Post-Pandemic Market
(DBN)

PREIT Eyes Early December Bankruptcy Exit
(DBN)

Loan Purchases: Lenders and Investors Weathering the COVID-19 Economic Downturn to Find Opportunity
(DBN)

Nate Paul loses some Austin properties to foreclosure
(DBN)

____________

Municipalities:

California City That Sold Pension Debt Now at Fiscal Brink • West Covina at risk of bankruptcy, state auditor warns
(DBN)

Cleveland, after trying police bankruptcy strategy, agrees to pay $4.85 million to wrongfully convicted man who spent 11 years in prison
(DBN)

Muni Lowdown: Forward looking FOMB
(DBN)

A New Setback for Big Cities as Return to the Office Fades
(WSJ)

Retailers Seize on Pandemic Fallout to Become Property Owners
(WSJ)

Greendale Mall-to-Amazon Would Be a First for New England
(DBN)

____________

Oil/Gas:

Seadrill Partners to Shop Assets in Bankruptcy
(DBN)

Exxon Is Suspending Employee Bonuses After Oil-Market Collapse
(DBN)

Exxon Is Now the Thing It Wasn't Supposed to Be • Exxon faces $20 billion hit from 'epic failure' of a decade ago
(DBN)

Shale Energy Co. Gavilan Gets OK For Ch. 11 Liquidation Plan
(DBN)

Big Oil Pays for Past Bets on Fossil Fuels With $70 Billion Hit
(DBN)

Lonestar Resources US Inc. Successfully Completes Restructuring
(DBN)

Valaris scores executive bonus approval in bankruptcy court
(DBN)

Biden’s Charging Plan Could Sell 25 Million EVs
(DBN)

____________

Education:

Kids are paying the price of Covid
(DBN)

Harvard's spring pandemic plan could double the number of undergraduates on campus
(DBN)

____________

Healthcare:

The True Shape of the Covid-19 Pandemic May Surprise You
(DBN)

Northeast Has Worst Momentum in U.S. Covid Hospitalization Surge
(DBN)

Let the littlest state lead us on COVID-19
(DBN)

N.J. hospital faced superbug outbreak amid Covid surge
(DBN)

Biden Closes in on Top Health Leaders as Pandemic Ravages U.S.
(DBN)

Florida becomes the third state to reach 1 million coronavirus cases
(DBN)

1 In Every 800 North Dakota Residents Now Dead From Covid
(DBN)

States With Few Coronavirus Restrictions Are Spreading the Virus Beyond Their Borders
(DBN)

U.S. Averaging One COVID-Related Death Every Minute: CDC
(DBN)

Tracking the global pandemic: Where has been hit hardest?
(DBN)

FDA chief called to White House as Trump pushes for vaccine
(DBN)

'Fake news' about a Covid-19 vaccine has become a second pandemic, Red Cross chief says
(DBN)

Ohio Gov. Mike DeWine Admits State Doesn't Have Money to Distribute Vaccine
(DBN)

CDC: First Vaccines Go to Health Workers, Nursing Homes
(DBN)

Health-care workers will be vaccinated first. For now, they're handling a surge in hospitalizations.
(DBN)

Covid-19 Vaccine Doses Secured By Governments • How Many Covid-19 Vaccine Doses Has The U.S. Secured?
(DBN)

COVID-19 vaccine sprint as Pfizer-BioNTech, Moderna seek emergency EU approval
(DBN)

The Cost Per Jab Of Covid-19 Vaccine Candidates
(DBN)

Trump to Host Vaccine Summit Next Week With State Leaders
(DBN)

Atlas resigns as Trump's coronavirus adviser after months of feuding with administration health officials
(DBN)

White House planning a packed season of holiday parties
(DBN)

Why health officials are terrified of a pandemic Christmas
(DBN)

He didn't take covid-19 seriously. Being hospitalized 'made a believer' out of him.
(DBN)

Health Officials Face Death Threats from Coronavirus Deniers
(DBN)

41 Test Positive For Covid After Swingers Convention In New Orleans
(DBN)

The U.S. blood supply is so low, blood banks are offering donors VIP Jets tickets or Krispy Kreme donuts for a year
(DBN)

Swiss plough ahead with skiing despite neighbours' fears
(DBN)

_________

 
New Bankruptcy Opinions
(2 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (29 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (11 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:

Chapter 11 filings in the Central District of California – October 2020
(DBN)

HI: Bankruptcy filings in isles continue downward trend
(DBN)

______________

Mediation:

A Study of Anger and Its Effects — Implications for Mediation?
(DBN)

____________

Litigation:

How to Stop Worrying About Zoom Trials and Learn to Love Litigating Online
(DBN)

____________

Bankruptcy Rules:

Amendments to Bankruptcy Rules Set to Take Effect on December 1, 2020
(DBN)

____________

Aviation:

Airlines facing biggest crisis ever, says flight attendant union president
(DBN)

Airlines are begging business travelers to return — here’s their pitch
(DBN)

This global airline has no passengers, no cargo and flies just one way
(DBN)

Vietnam PM Phuc Orders Halt to International Commercial Flights
(DBN)

Senate coronavirus aid proposal calls for $17 billion for airlines • Gov't Should Inflict Pain on Airlines for Aid
(DBN)

First Boeing 737 Max certified by FAA since jet's 2019 grounding
(DBN)

American Airlines holds first civilian passenger flight of 737 MAX in nearly two years
(DBN)

December of Reckoning for Norwegian Air
(DBN)

____________

Insurance:

Century 21 Sells $175 Million Covid Claim Insurers Won’t Pay
(DBN)

____________

Corporate Governance:

Nasdaq pushes diversity requirements for company boards
(DBN)

____________

Sports:

Flouting mask rules left the Broncos without any QBs Sunday, and now it could lead to fines
(DBN)

The thoughtless husks who plunged this NFL season into chaos deserve a public shaming
(DBN)


____________

Music:

After Going Bankrupt In July, Muzak Parent Mood Media Gets Acquired by Vector Capital
(DBN)

____________

Pharma:

City of Rockford : Vows to Fight on After Bankruptcy Court Stays Litigation Against Express Scripts
(DBN)

____________

Fraud:

Trump family urges U.S. appeals court to move marketing scam lawsuit to arbitration
(DBN)

____________

Tourism:

Travelers to Iceland don't have to quarantine or get tested if they've had Covid-19
(DBN)

____________

Maritime:

Seadrill Subsidiaries File for Chapter 11 Bankruptcy in U.S. Court
(DBN)

____________

Sovereigns:

Fitch Downgrades Suriname's Long-Term Foreign Currency Rating to 'RD'
(DBN)

The Curse of the White Elephant: The Pitfalls of Zambia’s Dependence on China
(DBN)

____________

UK:

HMRC climbs the insolvency creditor list • HMRC creditor changes ‘risk company rescues’HMRC creditor changes ‘risk company rescues’
(DBN)

Please Recognize Me: The United Kingdom Should Enact the Uncitral Model Law on Recognition and Enforcement of Insolvency-Related Judgments

In Britain, a ‘retail house of cards’ begins to fall.
(DBN)

Retail Cornerstones Fall in Britain, Pushed by Fast Fashion and Pandemic
(DBN)

In dark day for UK retailing, 242-year-old Debenhams to shut
(DBN)

U.K. Retail Emerges From Lockdown as a Much Diminished Industry
(DBN)

Hundreds of millions of damage claims threaten FNG
(DBN)

Tesco's repayment of pandemic tax relief puts pressure on rivals
(DBN)

Christmas retail footfall will fall 50% despite 24-hour shopping, says ParcelHero
(DBN)

Debenhams set to close putting 12,000 jobs at risk
(DBN)

Is my pension ruined if a retail empire crumbles?
(DBN)

Restaurant chain Leon serves up two-year restructuring to creditors
(DBN)

Goldman Allows More Workers Into London Office as Lockdown Eases
(DBN)

Johnson Urges U.K. MPs to ‘Hold Nerve’ and Back New Covid Rules • U.K.’s Johnson Hit by Tory Revolt But Virus Restrictions Pass
(DBN)

UK among hardest hit nations by Covid, says OECD
(DBN)

Brexit Negotiators Battling to Strike a Deal Before Next Week
(DBN)

Brexit Patience Runs Thin With PSA Warning Disruption Inevitable
(DBN)

EU tells Brexit negotiator: don't let deadline force a bad deal
(DBN)

Landlords approve Caffe Nero CVA after company rejects takeover offer
(DBN)

English pub payment plan draws scorn from landlords
(DBN)

Economic emergency has only just begun, says Sunak
(DBN)

U.K.’s Hot Housing Market Highlights Covid’s Two-Speed Economy
(DBN)

____________

EU:

EU Signals It Can Play Financial Hardball With Budget Holdouts
(DBN)

Delay in vaccine rollout is the top risk to the economic recovery, ECB member says
(DBN)

____________

PIIGS:

Irish COVID-19 adjusted unemployment 21% ahead of reopening
(DBN)

____________

Canada:

Canada’s Economy Posted Fastest Ever Growth in Third Quarter
(DBN)

Canada's GDP seen rising 0.2% in October, but second COVID-19 wave weighs
(DBN)

Canada not ready to lift border restrictions with US as COVID-19 spikes
(DBN)

____________

Sweden:

Sweden’s Top Epidemiologist Says Herd Immunity Remains a Mystery
(DBN)

Swedish Government Loses Support as Fears Grow Over Covid Policy
(DBN)

____________

Brazil:

Bolsonaro Says He Can’t Extend Covid Cash Handouts in Brazil
(DBN)

____________

China:

Report: China Set to Surpass U.S. in Economy, Technology, Diplomacy, Military
(DBN)

China continuing to outpace the U.S. economy, CFO survey reveals
(DBN)

China has promised millions of coronavirus vaccines to countries globally. And it is ready to deliver them
(DBN)

____________

Australia:

Celebrity chef Jock Zonfrillo to pay fraction of failed restaurant debts to Australian Tax Office
(DBN)

RBA’s Lowe Says Economy Is Recovering, But It Will Be ‘Bumpy’
(DBN)

____________

India:

Financial creditors’ IBC recovery hit; may fetch much less this year; two reasons to blame
(DBN)

____________

Slovakia:

Covid-19 Testing for Most of a Nation Backfires on Slovak Leader
(DBN)

____________

Japan:

The New Virus Wave in Japan Is Older and More Serious, Data Show
(DBN)

____________


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