July 23, 2020

The Daily Bankruptcy News

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Law:

Law Firms Earn Nearly Double as Virus Fuels Big Bankruptcies
(DBN)

Some Big Firms Are Walking Back Earlier Pay Cuts Partner distributions resume at some law firms amid coronavirus crisis
(DBN)

Louisiana Announces Quasi-Diploma Privilege
(DBN)

Diploma Privilege Proposal Is 'Deeply Flawed'
(DBN)

Law Firms Feel Waves Made by Bar Exam Changes
(DBN)

Hundreds of New York Law Professors Endorse Emergency Diploma Privilege
(DBN)

The Bar Exam, The Cut Score, And Feminine Hygiene
(DBN)

Holland & Knight Sued Over Botched Wire Transfer
(DBN)

People are being asked to sign COVID-19 liability waivers at spas and nail salons — but legal experts say they may not have much value
(DBN)

Hearing Off, Drama On for Governor's Mask Lawsuit Against Mayor
(DBN)

JPMorgan Banked Millions for Ghislaine Maxwell, as It Had for Epstein
(DBN)

Trump Posed Risk to U.K., Ex-Spy Steele Says in Dossier Trial
(DBN)

Does DACA decision let Trump refuse to enforce US laws? Law prof who talked to White House thinks so
(DBN)

Prosecutors deny Michael Cohen was sent back to prison over Trump book plans Government claims Cohen returned to prison for 'antagonistic' behavior toward probation officials
(DBN)

Ghislaine Maxwell Wants Gag Order on Case
(DBN)

'What choice do we have?': Portland's 'Wall of Moms' faces off with federal officers at tense protests Wall of Moms Beaten, Gassed in Portland Calls grow for federal officers to shed military-style uniforms Oregon Sues the Feds Again Portland Mayor Gassed by Federal Agents
(DBN)

Barr's False History Behind Invasion of Cities
(DBN)

Trump declares war on America
(DBN)

Trump announces a 'surge' of federal agents to US cities, including Chicago and Albuquerque, in a mission dubbed 'Operation Legend' Trump Announces DHS Cops to Other Cities
(DBN)

No, ‘Proactive Arrests’ Are Not A Thing! Two DHS Officials Apparently Just Admitted Their Troops Have Been Violating the Constitution
(DBN)

No, Obama Did Not Sign the Law Authorizing Arrests of Portland Protesters by Unidentified Federal Agents
(DBN)

Group of Attorneys and Law Professors File Ethics Complaint Against A.G. William Barr
(DBN)

Justice Department appears to be rewarding Trump allies, punishing enemies, legal experts say
(DBN)

Killings of Police Officers Are Up 28% So Far in 2020: Reports
(DBN)

Most US voters believe society is racist and Blacks, Hispanics face discrimination, poll finds
(DBN)

Cop Charged in Floyd Death Hit w/ Tax Fraud
(DBN)

Bay Area city washes away Black Lives Matter street art after resident asks for 'MAGA 2020' painting
(DBN)

Few Americans want to abolish police, Gallup survey finds
(DBN)

Two charged after anti-masker goes berserk and starts coughing on people at Montana grocery
(DBN)

FL: Murder Suspect a Person of Pure Evil
(DBN)

The Trump Campaign’s Legal Strategy Includes Suing a Tiny TV Station in Northern Wisconsin
(DBN)

Michael Avenatti is broke, can’t afford legal fees, lawyer claims
(DBN)

‘Better Call Saul’ Is The Most Accurate Legal Show On Television
(DBN)

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Judges:

Trump-Supporting Attorney Called Judge An 'Incompetent Latina Appointed by Obama' Before Allegedly Murdering Her Son Salas shooter linked to California murder of men's rights attorney: FBI
(DBN)

Judges Get Real About Prospects for Civil Jury Trials: ‘It's Just Going to Get Worse’ The Show Must Go On: Resuming Jury Trials Post-Pandemic
(DBN)

Recusal Report Unveils Supreme Court Conflicts Of Interest
(DBN)

National Appellate Advocacy Group Issues Best Practices for Remote Oral Arguments
(DBN)

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Wall Street:

Stock futures slightly higher, Microsoft sheds 2.2% after reporting earnings
(DBN)

Stocks close mostly higher after a choppy day of trading
(DBN)

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Layoffs:

Bay Area tech workers consider moving amid layoff fears
(DBN)

Nike shakes up its executive team, announces job cuts Nike job cuts to cost as much as US$250M in one-time charge
(DBN)

LinkedIn's cut of nearly 1,000 jobs is a sign more pandemic pain is coming to white-collar workers
(DBN)

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Apparel:

Los Angeles Apparel owner Dov Charney denies there's an 'outbreak' of COVID-19 among his workers. The Department of Public Health says otherwise, pointing to 375 employees infected and 4 dead.
(DBN)

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Climate:

Antarctica methane pushes global heating to point of no return
(DBN)

Major new climate study rules out less severe global warming scenarios
(DBN)

OK: How Much Will the Planet Really Warm?
(DBN)

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Retailing:

The One Change That Could Save Your Neighborhood Stores
(DBN)

Largest Prom Apparel E-Retailer Files in BK SD NY - First Day Dec
(DBN)

Ann Taylor parent Ascena files for bankruptcy as pandemic crushes already troubled retailer
(DBN)

Ann Taylor parent seeks new loan, board as it nears bankruptcy
(DBN)

Retail workers slammed by job cuts, pushed into new roles as coronavirus shakes their industry
(DBN)

Save Brooks Brothers!
(DBN)

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Sports:

Strange season's startup
(DBN)

MLB players taking visible stance on social justice
(DBN)

NFL and players union are stalled on 2020 plans, future salary cap implications NFL, players' union seeking to resolve economic differences in advance of 2020 season
(DBN)

Toronto Blue Jays reportedly will play most of their home games in Pittsburgh Rogers Profit Drops With Blue Jays Benched and Travelers Stuck
(DBN)

Organizers say Tokyo Olympics not possible "if current situation continues"
(DBN)

Colleges Plan Football Season That Many Doctors Advise Skipping
(DBN)

“You Don’t Want to Be the Domino”: Reporters Inside the NBA’s Covid-Free Bubble Are Hoping It Doesn’t Burst
(DBN)

Paige Spiranac thinks NBA players have an ‘unspoken code’ preventing snitching when they sneak women into the ‘bubble’
(DBN)

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Education:

AP-NORC poll: Very few Americans back full school reopening
(DBN)

Trump is 'comfortable' sending his son and grandchildren back to school amid coronavirus
(DBN)

Colleges resort to layoffs, furloughs as last-ditch efforts to stay afloat
(DBN)

United Airlines extends mask requirement to include airports
(DBN)

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Personal Finance:

Why you can’t help screwing around while working from home
(DBN)

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Banking:

Banks face a unique coronavirus problem: Now everyone is wearing a mask
(DBN)

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Transit:

New York MTA Eyes Spending Cuts, Fare Jump Amid ‘Fiscal Tsunami’
(DBN)

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Utilities:

How Much Trouble Is FirstEnergy in Over Bribery Charges?
(DBN)

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Economy:

The U.S. Is on the Verge of Lockdown 2.0
(DBN)

U.S. is on a collision course with a double-dip recession: Stephen Roach
(DBN)

Unpaid electric and water bills are driving families and cities to the financial brink
(DBN)

Jobless and desperate: The post-lockdown reality for many
(DBN)

Covid Could Kill Dollar as Reserve Currency
(DBN)

U.S. Jobs Picture Worsens With Census Survey Showing July Drop
(DBN)

Small-Business Loans Saved as Many as 3.2 Million U.S. Jobs
(DBN)

Credit-card spending suggests economic recovery stalled out in July, JPMorgan says
(DBN)

Goldman Sachs CEO David Solomon on US economy: `We’re in for a very bumpy ride’
(DBN)

More Than Half of U.S. Business Closures Permanent, Yelp Says More than half of all coronavirus-related business closures since March are now permanent, according to Yelp data
(DBN)

Trump suggested Republicans could reduce unemployment benefits to an estimated $175 each week. That would cause 30 million jobless Americans to lose up to half their income.
(DBN)

Republicans are weighing a short-term extension for federal unemployment benefits, which would avoid a lapse in ramped-up payments for over 30 million Americans
(DBN)

The Rich Are Getting Richer During The Pandemic
(DBN)

Payroll tax cut weighs on Senate GOP as it tries to complete $1 trillion coronavirus plan White House, Senate GOP Weigh Interim Unemployment Aid Extension Workers Could Wait a Month for Payroll Tax Cut, If They Qualify Senate GOP, White House reach tentative $1 trillion pact to break coronavirus aid logjam Pelosi: More aid directly to Americans is needed to support economic recovery Divided Senate Republicans struggle for a path forward on pandemic relief
(DBN)

Dr. Anthony Fauci warns the coronavirus won’t ever be eradicated
(DBN)

The failed dream of the American small business
(DBN)

Meet the 2020 grads entering the bleakest economy in decades
(DBN)

Cash payments to 2.7 billion poor people would slow spread of Covid-19: report
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Bankruptcy and Commercial Lease Issues in a COVID-19 Disrupted World
(DBN)

Housing strengthens while mortgage forbearance continues decline
(DBN)

NAR: Existing-Home Sales Increased to 4.72 million in June Existing home sales surge nearly 21% in June – a record monthly gain U.S. sales of previously-owned homes rebound on lower rates
(DBN)

Census: Household Pulse Survey shows 26.4% Missed or Expect to Miss Rent or Mortgage Payment
(DBN)

National Mortgage Delinquency Rate Decreased in June, "Serious Delinquencies Surge to 9-Year High"
(DBN)

Distress mounts in U.S. real estate market frozen by pandemic
(DBN)

Bankruptcy judge deals big blow to Aspen Club
(DBN)

Trump to Scrap Fair Housing Rule
(DBN)

Big Homes Had Fallen Out of Favor-Then Came the Coronavirus Pandemic
(DBN)

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Municipalities:

American Cities See Economic and Job Hit in Grim Mayors’ Report
(DBN)

Assured Guaranty's Deterioration Accelerates As It Moves Into Loss Territory And Suffers Decisive Court Defeat
(DBN)

Cities to Lose $1.5 Trillion in Economic Activity
(DBN)

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Oil/Gas:

Shale’s Bust Shows Basis of Boom: Debt, Debt and Debt
(DBN)

Bankrupt CRC owes Kern $26 million in back taxes
(DBN)

Halliburton Looks Beyond Shale
(DBN)

Baker Hughes posts second quarterly loss as oil slump slams demand
(DBN)

CEO of long-struggling oil company steps down
(DBN)

U.S. Gasoline Demand Sputters With More Lockdowns on Horizon
(DBN)

What to expect as oil and gas majors unveil their second-quarter results
(DBN)

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Fraud:

Missing Wirecard exec escaped to Russia and 'has close ties to Russian government officials and possibly organized crime,' intelligence sources say Ex-Wirecard CEO rearrested on claim he knew of losses for years Wirecard and Merkel’s Office Had Regular Contact Before Collapse Prosecutors now suspect Wirecard execs of criminal fraud; arrest three
(DBN)

Movie Replica Cars Seized in $65M Fraud Case
(DBN)

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Healthcare:

Silent spread of virus keeps scientists grasping for clues
(DBN)

What scientists have learned so far about Covid-19 immunity
(DBN)

California, hailed for its early coronavirus response, now has the US's highest case total. Here's what went wrong. California reports record daily increase in coronavirus cases as it becomes worst-hit state in the U.S. 1 in 98 Californians infected with coronavirus, hospitalizations at all-time high
(DBN)

US labs buckle amid testing surge; world virus cases top 15M
(DBN)

"Our hospitals look like war zones": Texas battling influx of COVID-19 cases
(DBN)

New coronavirus mutation causes outbreaks to spread more quickly: expert
(DBN)

Wearing masks could help you avoid major illness even if you get coronavirus, experts say
(DBN)

Narcissists and Psychopaths Are More Likely to Refuse to Wear Masks, Says New Research
(DBN)

Trump's campaign against Fauci ignores the proven path for defeating pandemics
(DBN)

Trump FactCheck: “We have one of the lowest mortality rates in the world” from COVID-19
(DBN)

Covid response is just the latest in a long line of federal policy failures
(DBN)

Hospital chain HCA posts massive Q2 profit despite pandemic
(DBN)

Governments’ Vaccine Contracts Spur ‘Extreme’ Drugmaker Gains
(DBN)

Trump touts Pfizer and BioNTech coronavirus vaccine: ‘We think we have a winner’ Feds Secures 100M Doses of Unproven Vaccine
(DBN)

‘Pretty surreal’: How the rest of the world views the U.S. stance on masks
(DBN)

'I don't believe it': Huntington Beach a symbol of mask resistance as doubters abound
(DBN)

COVID-19 erupts in Louisiana after Republicans rebel against ‘unconstitutional’ masks
(DBN)

FEMA says coronavirus hotspots may face PPE shortages
(DBN)

Scientists report that airborne coronavirus is probably infectious
(DBN)

Testing delays once again hamper COVID-19 response
(DBN)

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Food/Beverage:

Nearly 16,000 restaurants have permanently closed since the pandemic started, and even more closures are on the horizon
(DBN)

As restaurants endure economic losses, others feel pain, too
(DBN)

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Coal:

Only 2 US coal companies not expected to report a loss in Q2'20
(DBN)

Rhino Resource Partners LP Voluntarily Files for Relief under Chapter 11 Coal operator Rhino Resource Partners files for bankruptcy protection First Day Dec
(DBN)

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Pharma:

Should Chapter 11 Protect the Sacklers?
(DBN)

An Executive Order to Force Down Drug Prices?
(DBN)

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New Bankruptcy Opinions
(5 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (64 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (4 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)

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Bankruptcy Reform:

Congress Again Considers Expanding Worker Protections in Bankruptcy
(DBN)

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Avoidance Actions:

Recent Amendments Place Creditors in a Stronger Position to Defend Against Chapter 11 Bankruptcy Preference Lawsuits
(DBN)

Fending Off Bankruptcy Preference Claims During Pandemic
(DBN)

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Small Business:

Guidance for Arizona Banks on the Small Business Reorganization Act of 2019
(DBN)

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Finance:

Congress Should Allow The Fed To Make Loans To Bankrupt Companies
(DBN)

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Arbitration:

The Overlap Between Bankruptcy Courts and Arbitration: Is a Preference for Arbitration the Key to Breaking the Loop?
(DBN)

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Aviation:

United CEO expects airfare to drop, revenue to plateau at 50% of 2019 levels until there’s a coronavirus vaccine
(DBN)

Southwest will no longer allow customers without masks to fly
(DBN)

In-Flight Wi-Fi Provider Global Eagle Files for Bankruptcy
(DBN)

Alaska Airlines avoids pilot layoffs for now
(DBN)

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Tech:

Twitter crackdown on conspiracy theories could set agenda for other social media
(DBN)

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Politics

Elizabeth Warren and Joe Biden: Together Again for the First Time
(DBN)

Trump concedes coronavirus fight amid sinking polls
(DBN)

Trump campaign image of cop being attacked is actually of 2014 Ukraine
(DBN)

Trump Voters are Old and Afraid to Die
(DBN)

Biden, leading Trump by eight points, also has a big advantage with undecided voters: Reuters/Ipsos poll
(DBN)

The November Election Is Going to Be a Mess
(DBN)

Trump keeps boasting about passing a cognitive test - but it doesn't mean what he thinks it does
(DBN)

Obama and Biden criticize Trump’s coronavirus response: ‘He just can’t relate’ Biden and Obama troll Trump in video that marks a new pandemic campaign tactic
(DBN)

Conservative media cheer federal agents in Portland, with risks for November
(DBN)

Senate poised to defy Trump's veto with directive to change base names
(DBN)

House votes to remove Confederate statues from Capitol, replace bust of justice who wrote Dred Scott
(DBN)

Birkenstock Joins Movement Giving Employees Paid Holiday to Vote
(DBN)

Biden Wants to Fix America, but He Helped Break It
(DBN)

Delaware Beer Distributor: I Wore a Wire to Probe Biden’s Fundraising
(DBN)

47 Senators Want Voting Rights Act Restored
(DBN)

Worries about Trump and a bloodbath at the polls this fall stokes Republican feuding this week
(DBN)

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Fashion:

Lion Prevails in John Varvatos Auction
(DBN)

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Tourism:

Rampant Virus Won’t Deter Bali’s Plan to Welcome Back Tourists
(DBN)

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Religion:

New accuser says ex-cardinal orchestrated abuse involving other clerics
(DBN)

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Hotels:

Major hotel landlord warns of 'steep crisis' in sector, but sure of recovery
(DBN)

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UK:

Trade body warns of winter corporate insolvency spike
(DBN)

HMRC Crown Preference Restored From 1 December 2020 – what is the impact on lenders and UK corporates?
(DBN)

After Five Centuries in Service, London Beefeaters Face COVID Job Cuts
(DBN)

U.K. Sees U.S. Trade Deal More Likely Next Year Than in 2020
(DBN)

KPMG to cut up to 200 British jobs as pandemic's toll worsens
(DBN)

Don’t Expect Britons to Be Back on the Buses Soon, Operator Says
(DBN)

National Museum of the Royal Navy 'saved from insolvency'
(DBN)

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EU:

Lagarde Says Allocation of EU Stimulus ‘Could Have Been Better’
(DBN)

ECB leans toward asking banks to halt dividends this year
(DBN)


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Canada:

The contrast between U.S. and Canadian pandemic policy can be seen aboard the countries' respective tour boats below Niagara Falls
(DBN)

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China:

People burning documents at China consulate in Houston
(DBN)

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Australia:

Coronavirus pandemic sends Australia into its largest budget deficit in decades
(DBN)

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Brazil:

Brazil turned the coronavirus into a political football, with harsh results
(DBN)

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India:

Pre-packaged insolvencies ‘the need of the hour’
(DBN)

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Mexico:

Mexico’s President Dismisses Use of Face Masks as Economy Reopens
(DBN)

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Hong Kong:

Latest trends in cross-border bankruptcy between the mainland and Hong Kong
(DBN)

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MENA:

Israel's Netanyahu was a pandemic hero - until a second wave plunged him into crisis
(DBN)

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Malaysia:

Allow automatic discharge from bankruptcy for those hit by pandemic, urges ex-SME Corp boss
(DBN)

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