December 8, 2020

The Daily Bankruptcy News

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Law:

White & Case Adds New Leading Partners to its Growing US Restructuring Practice White & Case continues restructuring growth, swiping Ropes & Gray leader in New York White & Case Nabs Ropes & Gray's Former Global Restructuring Co-Chair as Duo Makes Move White & Case Restructuring Team Grows With Ropes & Gray Duo
(DBN)

Magic Circle Firm Gets On Board With Biglaw Bonus Structure — Including Special Bonuses
(DBN)

Allen & Overy to Give US Associates Special Bonus
(DBN)

Big Firms Roll Out Bonuses and Other Payouts for Stressed Staffers
(DBN)

Biglaw Firm To Hand Out Year-End AND Special Bonuses — If Associates Bill Enough
(DBN)

Am Law 100 Firm Thrills With Gigantic Bonus Add-Ons For High Billers
(DBN)

Sullivan & Cromwell Makes A Move In The 2020 Bonus Games
(DBN)

Lawyers Say Firms Don’t Walk the ESG Talk on Covid-19
(DBN)

Lawyers hit out at Quinn Emanuel’s ‘dread’ advert
(DBN)

Pandemic Rollercoaster Sends Legal Employment Plunging
(DBN)

As Boies Schiller Stumbles in Transition, Questions of Firm's Viability Swirl
(DBN)

Artist sues law school to stop destruction of his underground railroad murals
(DBN)

State Legislator Expects ‘Heads To Roll’ Over Bar Exam Results Fiasco
(DBN)

Remote Work Isn't Going Away. Don't Let Your Firm's Strategy Create 'Second-Class Citizens'
(DBN)

Benjamin Moore Has Dismissed Its Entire Legal Department
(DBN)

Hastings Law School Balks At Name Change Despite Founder's Role in Genocide
(DBN)

Even in Crowded Market, Big Firms Still Have Edge in Wooing Millennial Talent
(DBN)

Federal judge dismisses lawsuit that sought to overturn Trump loss in Georgia Federal Judge Dismisses Georgia 'Kraken' Suit Hours After Sidney Powell Failed in Michigan Federal judges in Georgia and Michigan eviscerated 2 of Sidney Powell's 'Kraken' lawsuits in one morning Judge Removes Tentacle of 'Kraken' Election-Toppling Bid in Michigan: 'The People Have Spoken'
(DBN)

Here's How Lawyers Destroyed Sidney Powell's 'Wildly Unqualified' Election Malfeasance 'Experts' in Georgia
(DBN)

GOP Files Conspiracy Theory-Laden Lawsuit Against Pa. Officials and Biden Electors in Bid to Decertify 2020 Results
(DBN)

Outgoing Trump White House Sues Incoming Biden White House to Disenfranchise Wisconsin's Most Diverse Counties
(DBN)

Cruz Wants to Toss 7 Million Votes at SCOTUS
(DBN)

Trump thought courts were key to winning. Judges disagreed.
(DBN)

Former American Bar Association Presidents, 1,000-Plus Lawyers Call for Bar Investigations of Trump Campaign Attorneys 'A Disgrace': Hundreds of Lawyers Call for Bar Condemnations of Trump Election Lawyers
(DBN)

A Black Michigan lawmaker criticized Giuliani's voter fraud claims. Now she's getting racist, lynching threats Michigan Lawmaker Reports 'At Least Dozens' of Death Threats 'Every Day' Since Rudy Giuliani's Stunt Hearing
(DBN)

Trump Campaign Pays Out Millions to Lawyers After Election Day
(DBN)

Tomorrow, Trump’s Last Chance To Reverse The Election Results Comes To An End
(DBN)

Trump reportedly called Pennsylvania House Speaker Bryan Cutler in another unsuccessful attempt to overturn battleground state results
(DBN)

Bill Barr ‘Bout To Bug Out, You Betcha
(DBN)

Federal watchdog finds Peter Navarro violated Hatch Act
(DBN)

Conservative nonprofit group challenging election results around the country has tie to Trump legal adviser Jenna Ellis
(DBN)

Trump ratchets up pace of executions before Biden inaugural
(DBN)

Does Trump have power to pardon himself? It’s complicated No, President Trump can't pardon himself Why Trump Won’t Pardon Himself
(DBN)

Trump plots mass pardons, even to people not asking
(DBN)

US fully restores protections for young immigrants
(DBN)

Florida lawyer and disbarred New York attorney are indicted in alleged opinion letter scheme
(DBN)

New York sends mask squad to enforce COVID-19 rules in lax counties
(DBN)

Maskless Man Arrested After Coughing, Spitting On Best Buy's Geek Squad Counter
(DBN)

Rose McGowan's Weinstein Suit Tossed
(DBN)

Under California's stay-at-home order, can I gather with friends outdoors?
(DBN)

______________

Judges:

BK ED TN: Notice of Vacancy - Bankruptcy Judgeship
(DBN)

Judiciary Calls for Passage of Security Legislation
(DBN)

High Court Turns Away Case on Transgender Student Bathroom Use SCOTUS Refuses to Overturn Ruling That Allowed Students to Use the Bathroom Aligned with Gender Identity
(DBN)

In election cases, Trump-appointed judges rule against Trump and allies, express skepticism
(DBN)

Facing Autumn Virus Wave, NY Courts Roll Out In-Person Staffing Limits
(DBN)

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Wall Street:

Stock futures fall as traders weigh stimulus prospects and surging Covid cases
(DBN)

______________

Layoffs:

Most employers didn't pay furloughed workers' health care premiums
(DBN)

MBTA could eliminate over 800 jobs if staff cuts proposal is passed
(DBN)

______________

Healthcare:

Beware The Ides Of January: A COVID-19 Warning
(DBN)

The White House coronavirus response chief said the winter surge will be the worst event in US history, 'not just the worst public health event'
(DBN)

Biden’s health team offers glimpse of his COVID-19 strategy
(DBN)

Fauci Warns of ‘Dark January’ Amid N.Y. Hospital Capacity Fears
(DBN)

COVID Could Infect Over a Million Americans Per Day by Early January
(DBN)

Feds passed up chance to lock in more Pfizer vaccine doses Pfizer tells U.S. officials it cannot supply additional vaccine until late June or July
(DBN)

Bill Gates says six Covid vaccines could be available by spring 2021
(DBN)

As virus spreads, Kansas hospital runs out of staff
(DBN)

A Kansas radiology technician slept in an RV outside his hospital for over a week after coworkers got sick with COVID-19 and no one else was available to take X-rays
(DBN)

Hospitals prepare to vaccinate workers
(DBN)

‘New start:’ Medics juggle surgery backlogs and virus fight
(DBN)

As virus slams rural California, many still pan restrictions
(DBN)

U.S. Covid Deaths Match April Peak With Hospitals Still Filling
(DBN)

Navajo Nation president: Second COVID-19 wave 'much more dire and much more severe'
(DBN)

Researchers predict US coronavirus deaths could double by April and say masks could save more lives than vaccines before then
(DBN)

Biden Taps Becerra, Murthy to Lead Pandemic Response Health Team
(DBN)

Covid deaths and cases to set U.S. records this week as officials weigh stay-at-home orders
(DBN)

Covid-19 hospitalization rates are dropping. That's terrible news.
(DBN)

White House warns Connecticut privately COVID-19 risk at 'historic high'
(DBN)

What seven ICU nurses want you to know about the battle against covid-19
(DBN)

Behavior is behind the current Covid-19 surge, experts say
(DBN)

Many aren't buying public officials' 'stay-at-home' message. Experts say there's a better way
(DBN)

Fauci Warns Christmas May Top Thanksgiving in COVID Infections
(DBN)

Demand for COVID Vaccines Expected to Get Heated — And Fast
(DBN)

Kevin O’Leary blasts patchwork Covid restrictions across U.S. as ‘total chaos’
(DBN)

"The Fauci effect": Medical school applications up 18% since last year
(DBN)

4 things that could go wrong in the Covid-19 vaccine rollout
(DBN)

South Dakota governor travels out of state amid state's spike in case
(DBN)

UN health agency’s advice for the holidays: Don’t hug
(DBN)

NJ: ‘Rate Of Noncooperation With Contact Tracers Now Up To Whopping 74% Of Cases’
(DBN)

‘Turning point’: UK giving 1st doses of COVID-19 vaccine A 90-year-old woman gets first Covid vaccine in UK, as massive rollout begins
(DBN)

____________


Economy:

The Year the Earth Stood Still
(DBN)

Jobs report shows "creative destruction" has begun
(DBN)

Millions of hungry Americans turn to food banks for 1st time
(DBN)

Job Gains Slow to a Trickle in Long Climb Back
(DBN)

Congress looks for last-minute Covid relief deal as benefits cliff looms Senators behind the bipartisan $908 billion COVID-19 stimulus plan say they're close to an agreement, with one suggesting even Trump and McConnell could back it COVID-19 relief package: No stimulus checks, but it offers an extra $300 in federal unemployment benefits Stimulus Checks Unlikely Until Biden Takes Office, Some Senators Say
(DBN)

More economic relief and stimulus: Why and how
(DBN)

Covid-Aid Negotiators Grapple Over Liability Protections
(WSJ)

Congress aims to fund government for a week to buy time for spending, Covid relief deals
(DBN)

The most effective stimulus bill will boost unemployment benefits and PPP in order to drive economic growth, JPMorgan says
(DBN)

Millions of Americans are heading into the holidays unemployed and over $5,000 behind on rent
(DBN)

Americans can pay their credit card bills, but for how long?
(DBN)

U.S. Consumer Credit Growth Slows as Credit Card Balances Shrink
(DBN)

Trump regulators leave a warning for the Biden team
(DBN)

Bank-driven squeeze in funding markets is hitting every corner
(DBN)

Survey: CEO confidence soars above pre-pandemic levels
(DBN)

Trade groups push lawmakers for deductibility of PPP loan business expenses
(DBN)

For Remote Workers, Time Is Running Out To Fix State-Tax Messes
(DBN)

JPMorgan sends policy recommendations to Biden team on ways to prevent more Covid-related misery
(DBN)

This company has been fully remote for 14 years—how they handle holiday parties
(DBN)

Economists get more bullish on 2021 U.S. growth
(DBN)

Many Americans don’t think Social Security and Medicare will be there for them
(DBN)

One in 10 employers has used COVID-19 to end their 401(k) match
(DBN)

Seven High Frequency Indicators for the Economy
(DBN)

COVID has decimated women's careers
(DBN)

Scrooge McDimon’s War On Christmas
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

U.S. Trustee Program Reaches Agreements with Three Mortgage Servicers
(DBN)

Nationstar to pay over $90 million to settle claims it harmed homeowners
(DBN)

Mr. Cooper settles $90M lawsuit over illegal foreclosures
(DBN)

Leading Index for Commercial Real Estate Decreased in November
(DBN)

Forever-Empty Offices and Malls May Mean Pain for CMBS Investors
(DBN)

This is the top housing market in the country heading into 2021 — hint: It’s not San Francisco
(DBN)

Mortgage Industry Soars to Record With $4.4 Trillion in Loans
(DBN)

Black Knight Mortgage Monitor for October: "2020 On Pace to See More than 9 Million Refinance Transactions"
(DBN)

Manhattan Luxury-Home Buyers Come Back, Lured by Deep Discounts
(DBN)

____________

Municipalities:

Puerto Rico; Act III
(DBN)

____________

Oil/Gas:

Superior Energy’s Bankruptcy Package to Eliminate Debt, Improve Operational Flexibility First Day Dec
(DBN)

Marathon Oil General Counsel Resigns as Company's Financial Woes Continue
(DBN)

Honda to End Gas Powered Cars in EU in 2022
(DBN)

The Moment Of The Electric Vehicle Has Arrived
(DBN)

____________

Retailing:

Retailer Francesca’s plans to shut another 97 stores after filing for bankruptcy
(DBN)

JCPenney Survives Going Bankrupt; Now Comes the Hard Part
(DBN)

J.C. Penney’s Retail Business Steps Out of Bankruptcy
(DBN)

Bankrupt Store Chain Sells $175M Unpaid COVID Insurance Claim to Pay Debt
(DBN)

Guitar Center Announces Senior Secured Notes Offering by Guitar Center Escrow Issuer
(DBN)

Survey: Senior retail executives out of touch with holiday shoppers
(DBN)

Moody's sees 2021 apparel comeback, but risks remain high
(DBN)

____________

Food/Beverage:

Roughly 17% of US restaurants have permanently shut down since the start of the pandemic as industry leaders warn of an 'unprecedented economic decline'
(DBN)

Over 110,000 Restaurants Have Closed With Sector in ‘Free Fall’
(DBN)

NYC Indoor Dining to Close If Hospitalizations Don’t Stabilize
(DBN)

____________

Pharma:

Mallinckrodt judge reluctant to approve creditor legal bill agreement
(DBN)

____________

Horse Racing:

MGG Wants Zayat Debt Ruled ‘Non-Dischargeable’ Because of Alleged Fraud
(DBN)

____________

Catalogs:

Arandell sale to private equity firm approved by court
(DBN)

____________

Religion:

Chief Judge Margaret Cangilos-Ruiz Sets April 15, 2021 as Deadline for Filing Proofs of Claim in Diocese of Syracuse’s Chapter 11 Reorganization Case
(DBN)

Lawyer: Victims seek to eliminate archdiocese
(DBN)

____________

Tourism:

Banned almost everywhere else in Europe, U.S. tourists are finding their way to Croatia
(DBN)

What California's new coronavirus restrictions mean for holiday travelers
(DBN)

____________

Student Debt:

Your Student Loans May Be Canceled, But Only If This Is Your Income
(DBN)

She owes $581,000 in student loans — the bill is coming due
(DBN)

____________

Climate:

California Utility Cuts Power as Strong Winds Pummel State
(DBN)

____________

Banking:

Bank Error in Your Favor: Citi’s Fight to Reclaim $900 Million
(DBN)

____________

 


New Bankruptcy Opinions
(10 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (26 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (7 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:

November Commercial Chapter 11 Filings Increase 46 Percent from Previous Year
(DBN)

______________

Bankruptcy Policy:

Purdue's Poison Pill and the Broken Chapter 11 System
(DBN)

____________

FDCPA:

9th Circuit vacates summary judgment in bankruptcy, FDCPA action
(DBN)

____________

RSAs:

Restructuring Support Agreements and the "Proceduralist Inversion"
(DBN)

____________

Accounting:

Emergence through fresh-start reporting
(DBN)

More Bankruptcies, More Opportunities and Challenges for CPAs
(DBN)

____________

Aviation:

Why Non-U.S. Air Carriers Avail Themselves of U.S. Chapter 11 to Reorganize
(DBN)

Irish court grants Norwegian Air creditor protection Aircraft lessors do not oppose Norwegian Air's request for creditor protection
(DBN)

Norwegian Air's rise and battle for survival
(DBN)

Norwegian Air To Seek Bankruptcy Protection In Norway
(DBN)

South Africa Offers Bankrupt Airline’s Staff Less Than Legally Required
(DBN)

Bankrupt Jet Airways Plans to Resume Services by Summer 2021
(DBN)

____________

Food/Beverage:

Dr. Scott Gottlieb: ‘I will not eat indoors in a restaurant’ due to Covid risk
(DBN)

____________

Awards:

AlixPartners' Lisa Donahue wins Harvey R. Miller restructuring award
(DBN)

____________

Crypto:

Bitcoin Exchange Founder Off to Prison
(DBN)

____________

Politics:

83% of Republicans don't believe Joe Biden won the 2020 election, new poll says
(DBN)

How Trump Changed America
(DBN)

Georgia Officials Say Latest Recount Shows That Biden Won State
(DBN)

Trump suggests Joe Biden will try to take the word Christmas 'out of the vocabulary'
(DBN)

Pentagon advisor resigns in protest, saying the Trump administration is putting the nation 'at risk' by purging posts to fill them with loyalists
(DBN)

VMI removes statue of Confederate Gen. Stonewall Jackson after long resistance
(DBN)

Georgia Republican Kelly Loeffler, who dumped millions in stocks following a private Covid-19 briefing, dodged a question about whether senators should trade stocks
(DBN)

Trump Preemptively Shirks Blame for 'Potential Loss' of Georgia Runoffs
(DBN)

Democrats Plan Return to Earmarks to Pave Way for Infrastructure
(DBN)

Perdue’s Trading Activity Is Less Than It Seems
(DBN)

Trump mulling extravagant White House exit to upstage Biden inauguration: report
(DBN)

Safe harbor law locks Congress into accepting Biden's win
(DBN)

Biden picks Lloyd Austin as secretary of defense
(DBN)

Michigan, Arizona legislatures postpone work due to Giuliani’s Covid diagnosis
(DBN)

____________

Satellites:

Intelsat Invites Creditors in 3 Ad Hoc Groups to Sign NDAs to Review Business Plan in Preparation for Restructuring Negotiations
(DBN)

____________

Nursing Homes:

Nursing-home staffers attended a 300-person superspreader wedding. Now six residents have died.
(DBN)

____________

Education:

Colleges Grapple With Grim Financial Realities: Net-Tuition Losses And Steep Discount Rates Augur A Precarious Spring
(DBN)

NYC Schools Reopen as Virus and Uncertainty Linger in the Air
(DBN)

All-Remote Learning Is Failing Many Students All Across The Country: 'These Children Are Struggling'
(DBN)

US schools go back and forth on in-person learning
(DBN)

School Superintendent Resigns After Reportedly Getting Harassed Over Remote Learning
(DBN)

____________

UK:

City Council at risk of bankruptcy as £64m black hole uncovered
(DBN)

Ashley's Frasers Group eyes collapsed British retailer Debenhams
(DBN)

Wales' major sports teams warn of 'real risk of bankruptcy' as Welsh Government locks fans out of stadiums
(DBN)

Fashion brand Ted Baker H1 loss widens as virus hits retail sales
(DBN)

EU and U.K. are playing with ‘no-deal’ Brexit fire. Time for investors to notice Brexit negotiators 'very gloomy' over trade deal, with talks on 'knife's edge.' Again UK’s Johnson to head to Brussels amid Brexit talks deadlock UK-EU talks near collapse ahead of Johnson Brussels trip
(DBN)

U.K. Financiers Warned to Expect EU Access Loss Even With a Deal
(DBN)

EU students at British universities could face a $1,000 hit due to Brexit and Covid
(DBN)

U.K. Backs Down on Threat to Break Brexit Divorce Agreement
(DBN)

____________

Canada:

English Company Voluntary Arrangement Recognized for the First Time in Canada
(DBN)

Consumer confidence reaches post-pandemic high in Canada
(DBN)

____________

Brazil:

Should a coronavirus vaccine be mandatory? In Brazil's most populous state, it will be Sao Paulo Sets First Date in Latin America to Start Vaccinations
(DBN)

____________

France:

France Set to Miss Goal for Lifting Lockdown as Progress Stalls
(DBN)

____________

Germany:

German insolvencies push up outstanding claims from creditors
(DBN)

Merkel warns Germany needs tougher lockdown to get through winter
(DBN)

____________

Japan:

Japan Set to Unveil $706 Billion Stimulus Package
(DBN)

____________

MENA:

What Are The Changes in the UAE Bankruptcy Law Due To Pandemic?
(DBN)

____________


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