December 9, 2020

The Daily Bankruptcy News

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Law:

The Legal Industry Added Jobs Last Month, But Don’t Get Too Excited About It
(DBN)

Debevoise Lets New Associates Get In On The Special Bonus Excitement
(DBN)

Federal Court Blocks Pennsylvania’s Anti-Harassment Ethics Rule
(DBN)

Durbin leads opposition to COVID-19 liability shield with eye on Judiciary post
(DBN)

Krebs files lawsuit against Trump attorney who said he should be shot
(DBN)

Benjamin Moore In-House Layoffs Dismay Legal Observers
(DBN)

Hopkins & Carley Names New Bankruptcy Partner
(DBN)

Big Firms Considering Vaccine Policies as COVID-19 Immunization Efforts Move Forward
(DBN)

‘Doctor’ Jenna Ellis About To Need Real Doctors As COVID Racks Trump’s Elite Strike Force COVID-19 Infections Spread Among Trump Campaign Lawyers, Stoking ‘Fears’ at White House
(DBN)

Next AG Must Lead Salvage Operation at DOJ
(DBN)

Hundreds of lawyers call for ethics probes of attorneys for election fraud claims; are bar charges likely?
(DBN)

Star Giuliani Witness Mellissa Carone Says in New Interview That She Refuses to Quarantine and Was ‘Not Drunk’ at Michigan Hearing
(DBN)

Flynn case dismissed by judge as 'moot' after Trump pardon Flynn judge says pardon does not mean ex-national security adviser is innocent
(DBN)

NY Attorney General Letitia James Makes Stunning Prediction on The View: Trump Will ‘Step Down’ So Pence Can Pardon Him
(DBN)

PA Election Lawyers Urge Justice Alito to Reject One of the Most ‘Dramatic, Disruptive’ Cases of All Time
(DBN)

Supreme Court Rejects Pro-Trump Lawmaker’s Bid to Overturn the Pa. Election and Doesn't Bother to Comment SCOTUS Won't Overturn Biden Win in Penn.
(DBN)

Kraken Hearing in Wisconsin Goes Sideways as Judge Calls GOP Arguments 'Bass-Ackward'
(DBN)

Arizona’s Supreme Court Unanimously Rejects Last-Ditch Republican Lawsuit, Confirming Election of Biden Electors
(DBN)

Can businesses require employees to get a COVID-19 vaccine?
(DBN)

Texas Attorney General Demands SCOTUS Protect The Constitution By Canceling Election In Swing States Texas sues four battleground states in Supreme Court over ‘unlawful election results’ Texas tries Hail Mary to block election outcome AG Paxton once again makes Texas look silly with desperate lawsuit over Trump loss Texas sues states Biden won in Supreme Court, seeking to delay Electoral College vote Election Law Experts Say Lone Star State's 'Dangerous' Stunt Has 'No Chance of Success' at Supreme Court Trump Fans Embrace Texas Suit as Last Hope to Flip Election
(DBN)

Judge Brutally Tears Apart Failed Election Lawsuit of Sheriff Who Recently Defended Accused Plotter of Gov. Whitmer Kidnapping
(DBN)

Trump Presses Appeal to State Republicans to Overturn Election
(DBN)

Texas 'Mythologies of Rape' professor files libel lawsuits against critics
(DBN)

Judge allows lawsuit against Cardi B over ‘humiliating’ use of tattoo on album cover
(DBN)

California pastor, church found in contempt, fined over Covid rules
(DBN)

New rankings reveal the most dishonest states in the US
(DBN)

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Judges:

Judge Censured for Telling Friend About Search Warrant
(DBN)

Flynn Judge Makes Parting Shot in Tossing Case After Pardon
(DBN)

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Wall Street:

Stock futures rise after markets reach record highs, S&P 500 tops 3,700
(DBN)

Wall Street closes higher on vaccine lift; S&P 500, Nasdaq at records Steady gains for stocks deliver more records on Wall Street
(DBN)

______________

Layoffs:

More than half of media jobs lost this year are in news
(DBN)

US IT jobs drop in new wave of pandemic layoffs
(DBN)

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Healthcare:

US records highest weekly COVID-19 death toll
(DBN)

Latest on worldwide spread of the coronavirus
(DBN)

First signs of Thanksgiving COVID-19 wave emerge
(DBN)

Covid Cases Declining in Midwest, Climbing Across U.S. Coastline
(DBN)

When Covid-19 cases are projected to peak in a worst-case scenario: researchers
(DBN)

Nurses say COVID-19 is pushing hospitals to the brink of care rationing: ‘It’s sticking fingers in a dam’
(DBN)

Intensive Care Beds Are Nearing Capacity Across the Country, New Data Shows
(DBN)

Nevada hospital treats COVID-19 patients in parking garage as pandemic rages
(DBN)

Supplies of PPE Fall Short of Targets
(WSJ)

FDA says Pfizer Covid vaccine provides some protection after first dose, meets success criteria Pfizer Shot Effective, Safe, FDA Staff Concludes Before Meeting
(DBN)

Who Should Get the Vaccine First—and Last
(DBN)

As U.S. companies push to get workers vaccinated, states disagree on who's essential
(DBN)

How America’s Covid-19 epidemic ends
(DBN)

Most Americans don't trust social media on COVID-19 vaccine info
(DBN)

Oxford-AstraZeneca vaccine is safe and effective, researchers confirm in peer-reviewed study Study confirms AstraZeneca's vaccine is moderately effective Astra vaccine is effective but leaves questions in older ages
(DBN)

Pfizer Vaccine’s Effect on Transmission Still Unknown, FDA Says
(DBN)

We just got our best look yet at the side effects of Pfizer's coronavirus vaccine. Here's what you should expect if you get the shot.
(DBN)

C.D.C. Call for Data on Vaccine Recipients Raises Alarm Over Privacy
(DBN)

Operation Warp Speed Chief Says He Has No Idea What Trump’s Vaccine Executive Order Actually Does
(DBN)

Trump officials passed on 'multiple' offers to buy more Pfizer vaccine, Gottlieb says Gottlieb: U.S. declined to buy more Pfizer Covid vaccine even after interim data Trump: $15B for Wall, Skimps on Vaccines
(DBN)

Biden pick faces task of restoring trust in CDC sidelined by Trump
(DBN)

Biden Vows 100 Million Doses of Vaccine Within His First 100 Days
(DBN)

Joe Biden’s pandemic plan: Restore Obamacare, mandatory masks, paid sick leave and free COVID-19 tests
(DBN)

Dr. Fauci: ‘For the first time in more than 30 years, I’m not spending the Christmas holidays with my daughters’
(DBN)

Pandemic has created perfect storm for plastic surgery boom
(DBN)

The parental burnout crisis has reached a tipping point
(DBN)

Governor hails South Dakota as a coronavirus success story - using cherry-picked numbers
(DBN)

Walter Reed Doctor Who Criticized Trump is Removed
(DBN)

Anti Mask Zealots Have Bullied HEB Out of Enforcing Safety Policies
(DBN)

____________

Satellites:

Intelsat looks to pay up to $22 million in bonuses during bankruptcy
(DBN)

___________


Economy:

1 in 3 workers had their pay cut during the pandemic
(DBN)

42% Says Their Income Still Below 2019 Levels
(DBN)

A $4.5 billion Trump food program is running out of money early, leaving families hungry and food assistance charities scrambling
(DBN)

Fitch says upgrades of major economies unlikely in 2021 despite COVID-19 vaccine
(DBN)

Sharp Shortfall In November Employment Is A Yellow Caution
(DBN)

World economy will be worse than expected in the short term: Central bank governor
(DBN)

Wells Fargo CEO Scharf sees swift recovery for US economy in 2021 on vaccines
(DBN)

Lawmakers face hurdles to COVID relief deal Covid Relief Package: No Federal Jobless Benefits McConnell, White House to Talk Stimulus; Bipartisan Effort Slows Senate stimulus negotiators try to broker compromise on whether companies can be sued for outbreaks White House pushes Senate GOP to include $600 stimulus payment in relief package
(DBN)

Congress is staring down big deadlines on stimulus and government funding in December
(DBN)

As coronavirus surges, countries spend more on economic aid. But not the U.S.
(DBN)

What it would really take to save the economy
(DBN)

CA sends millions emergency text to stay home
(DBN)

Lockdowns Are Needed, So Let's Make Them Work
(DBN)

Central Banks' $5.6 Trillion Bond Binge
(DBN)

Bipartisan support for new PPP loans gains momentum in Congress
(DBN)

Bank sees possible boost for universal basic income in 2021
(DBN)

World’s Oldest Central Bank Says New Crisis Tools Are Needed
(DBN)

Liberal economists say debt doesn't matter. They're wrong.
(DBN)

First woman CEO of major Wall St bank: You can have it all, just not all at once
(DBN)

'They demolished my house for this?' Residents outraged by the Foxconn factory that fizzled
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

NMHC: Rent Payment Tracker Shows Households Paying Rent Decreased 7.8% YoY in Early December
(DBN)

Massive eviction crisis looms as Covid protections expire this month
(DBN)

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

Million-Dollar Homebuying Soars With U.S. Rich on Shopping Binge
(DBN)

Here’s why these 7 U.S. mall owners, including Simon, are in trouble, S&P warns
(DBN)

Seattle Real Estate in November: Sales up 22% YoY, Inventory UP 27% YoY
(DBN)

Las Vegas Real Estate in November: Sales up 28% YoY, Inventory down 54% YoY
(DBN)

The $124 billion Supreme Court case that could throw the housing market into turmoil, explained
(DBN)

Goldman’s Florida Flirtation Stings in Shaken NYC Office Market
(DBN)

Goldman in Florida. Hewlett in Houston. Who's Next?
(DBN)

Coworking Firm’s Struggles To Emerge From Bankruptcy Reveal Issues Plaguing Operators
(DBN)

Final bankruptcy domino to fall in Better Housing Foundation bond fiasco
(DBN)

____________

Municipalities:

New York City’s Credit Rating Outlook Lowered to Negative S&P revises New York City debt outlook to negative on COVID uncertainty
(DBN)

Trump to Make New Appointments to Fiscal Board; Current Members’ Tenure in Doubt
(DBN)

____________

Oil/Gas:

Q&A: M&A in the oil & gas sector
(DBN)

CEO who profited as Hi-Crush spiraled departs as company exits bankruptcy
(DBN)

____________

Food/Beverage:

Some restaurants are defying California lockdown rules: 'We have to make a living'
(DBN)

DoorDash, chasing US$3B IPO, is a powerful ally and foe to restaurants
(DBN)

Why filing for bankruptcy could be the best strategy for restaurants
(DBN)

Restaurant workers plead for Congress to provide relief for their decimated industry
(DBN)

____________

Crypto:

Latin American crime cartels turn to crypto to clean up their cash
(DBN)

____________

Movie Theaters:

How South Florida Attorneys Lifted 1st Movie Theater Out of COVID-19 Bankruptcy
(DBN)

Congress considers relief for small theaters
(DBN)

____________

Student Debt:

What Does a Biden Presidency Mean for Repaying Student Loans?
(DBN)

Biden Might Cancel Student Loans. Should You Still Pay?
(DBN)

____________

Fraud:

Rent-A-Muni Issuer Scored Market Access for Bond Now at 11 Cents
(DBN)

Olivia Jade, 'embarrassed and ashamed,' discusses college admissions scandal, mom Lori Loughlin's prison time
(DBN)

____________

Climate:

Global warming has profoundly transformed Arctic in just 15 years, report warns
(DBN)

____________

Retailing:

Bankrupt Ann Taylor owner gets green light for sale to Sycamore Partners
(DBN)

With $23M stalking horse bid in hand, bankrupt Francesca's to close nearly 100 more stores
(DBN)

The Pandemic Has Created a Bifurcated Retail Market
(DBN)

Guitar Center Announces Upsizing and Pricing of $350 Million Senior Secured Notes Offering by Guitar Center Escrow Issuer
(DBN)

____________

Cruise Lines:

Even ‘cruises to nowhere’ can’t escape the coronavirus
(DBN)

____________

Hotels:

Worst is over for the travel industry, but expect ‘spotty’ recovery: Hotelier
(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 (11 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:

In Study of 2020 Bankruptcy Filings, Delaware Source of Chapter 11 Increase
(DBN)

November 2020 Bankruptcy Statistics- State and District November 2020 Bankruptcy Statistics- Commercial Filings
(DBN)

Commercial Chapter 11 Filings Jump 46% in November Y/Y
(DBN)

______________

Corporate Governance:

Milton Friedman was wrong on the corporation
(DBN)

____________

Mediation:

When To Start Drafting the Mediation Settlement Agreement?
(DBN)

____________

Aviation:

U.S. airline passenger traffic down 62% in October -DOT
(DBN)

Boeing reports more 737 Max cancellations as airlines prep to return plane to service Boeing 787 delivery dry spell adds to 737 MAX woes Flyers group challenges FAA approval of Boeing 737 MAX Virgin Australia reduces Boeing 737 MAX order, pushes back deliveries
(DBN)

More Than Million Americans Will Travel Over Christmas, TSA Says
(DBN)

American Air Expands Virus Testing in Bid to Boost U.S. Travel American expands preflight testing to all U.S. destinations with travel restrictions
(DBN)

Everything travelers need to know about vaccine passports
(DBN)

South Africa Opens New Battle With Unions Over Airline Salaries
(DBN)

____________

Coal:

Coal’s a Canary in the Mine for Energy
(DBN)

Once king of the stockpile, Peabody struggles to avoid another bankruptcy
(DBN)

____________

Sports:

Explaining why MLB filed a lawsuit against insurance companies and what league hopes to gain from it
(DBN)

Ravens Bryant Tests Positive Hours Before Game; Calling It Quits For Rest Of Season
(DBN)

Ohio State-Michigan Game Canceled Over Surge in Covid Diagnoses
(DBN)

Pandemic's impact on MLS was 'probably deeper than what we expected,' commissioner says
(DBN)

Bowl season during the coronavirus: Fewer fans, fewer festivities and shorter trips
(DBN)

____________

Politics:

Here's What You Need to Know About the Safe Harbor Deadline What 'safe harbor day' is and why it's bad news for Trump Trump fought the law for years. But 'safe harbor day' proves the law won.
(DBN)

As Trump Rails Against Loss, His Supporters Become More Threatening
(DBN)

Republicans block inaugural committee from recognizing Biden win
(DBN)

How Dozens of Trump’s Political Appointees Will Stay in Government After Biden Takes Over
(DBN)

GOP Rep. Mooney wants to condemn lawmakers who call on Trump to concede
(DBN)

Kellyanne Conway has sealed multi-million dollar deal to write 'unvarnished, eye-popping' memoir about her time as Trump's closest White House advisor
(DBN)

Poll: Public remains doubtful presidential results will be overturned
(DBN)

Arizona's Republican Party asks followers if they're willing to die to 'Stop the Steal' Arizona Republican Party Now Calling on Voters to Fight and Die For Trump’s Election War
(DBN)

As His Term Ends, Trump Faces More Questions on Payments to His Hotel
(DBN)

Congress dares Trump to veto defense bill
(DBN)

Georgia governor warns state lawmakers they cannot choose Trump electors
(DBN)

Rudy Giuliani Potentially Exposed State Lawmakers To COVID, And They’re ‘Livid’
(DBN)

West Wing fears COVID spread after Trump lawyer Jenna Ellis attends WH party
(DBN)

Watch Trump Walk Out of Presidential Medal of Freedom Ceremony
(DBN)

Biden picks Ohio Rep. Marcia Fudge for HUD secretary, Tom Vilsack to lead Agriculture
(DBN)

____________

Sovereigns:

Debt-ridden Zambia seeking IMF financing
(DBN)

Creditors to Argentina’s provinces fight to avoid painful restructurings
(DBN)

____________

UK:

“Payment in Full and Final Settlement” – Creditors beware
(DBN)

Gordon Brown fears wave of bankruptcies as economy reels from coronavirus crisis
(DBN)

Where HMRC gains, others may lose
(DBN)

UK's Johnson says 'long way apart' with EU on Brexit talks Britain and E.U. head for supper showdown over Brexit trade deal
(DBN)

Deutsche Bank says it’s ‘prepared for each and every outcome’ of Brexit talks
(DBN)

Johnson to Be Boxed In When He Returns to Brussels for Brexit
(DBN)

Boris Johnson Needs Two Brexit Deals, Not One
(DBN)

Londoners Warned They Face Tighter Covid Rules as Cases Rise
(DBN)

____________

Canada:

Insolvency and bankruptcy proceedings shifted seamlessly to virtual proceedings: Davies lawyer
(DBN)

____________

Latin America:

Covid Blunders in Latin America Sow Fears of Another on Vaccines
(DBN)

____________

China:

Shanghai court’s nod to Hong Kong ruling on keepwell clause bodes well for offshore creditors of defaulting Chinese bonds
(DBN)

China’s consumer prices drop for the first time since 2009
(DBN)

____________

Hong Kong:

At Long Last: Hong Kong’s Very Own Corporate Rescue Procedure
(DBN)

____________

India:

Avoidance Proceedings After the Approval of the Resolution Plan
(DBN)

____________


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