July 9, 2020

The Daily Bankruptcy News

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Law:

Harassment is ‘embedded within the culture’ in many legal workplaces, new study finds
(DBN)

Jones Day Female Lawyers Want Nationwide Pay, Performance Data
(DBN)

Jones Day Calls Married Lawyers’ Post-Suit Reprisal Claim Absurd
(DBN)

PPP Per Partner: What Government Loans Would Have Cost Lawyers
(DBN)

Yes, Cravath Still Has Zero Black Partners • The Am Law 100 Firms With No Black Partners
(DBN)

The LSAT-Flex Online Exam, Brought To You By A $5.3 Million PPP Loan
(DBN)

Chicago Law Firms Raked in Hundreds of Millions in PPP Loans, Cite Preserving Jobs
(DBN)

Veteran State Court Judge Rips Bar Exam, Says Test ‘Does Not Function To Protect The Public’
(DBN)

New Jersey to Require Outdoor Face Masks in Addition to Indoor
(DBN)

Miami Mayor Calls for National Mask Mandate Ahead of Trump Trip
(DBN)

LA Mayor Warns Of Possible New Stay-At-Home Order; “All Options” On Table
(DBN)

Supreme Court says employers may opt out of Affordable Care Act's birth control mandate over religious, moral objections
(DBN)

Tech CEO apologizes for racist tirade against Asian American family caught on video
(DBN)

Portland police union blames riots on city officials: ‘Condemn the violence’
(DBN)

I was the mayor of Cincinnati when we reformed our police department following racial unrest — and crime has since tumbled
(DBN)

George Floyd Said I Can't Breath 20 Times • Body cam transcripts give fuller picture of Floyd's fear as officer told him his pleas for breath were wasteful • Photo of ‘Fake’ $20 Bill Released as Ex-Cop Tries to Get Charges in George Floyd’s Death Dismissed
(DBN)

Cars Ramming Protesters Climb in Numbers • Driver who hit Seattle protesters charged with 3 felonies
(DBN)

Trump's attacks on legal immigration show just how desperately the US needs to change our system
(DBN)

Man Crashed Stolen Car into Completely Unrelated Stolen Car Driven by Woman: Police
(DBN)

Jeffrey Epstein’s Lawyer May Need Competent Counsel Of His Own • Brutal Rebuke of Deutsche Bank Raises Serious Questions About One of Jeffrey Epstein’s Lawyers
(DBN)

Ghislaine Maxwell Taps Broad Range of Legal Talent for Defense • Ghislaine Maxwell Lawyers Up Big Time
(DBN)

Rudy Giuliani called the NYPD on Sacha Baron Cohen over prank interview
(DBN)

Fired Biglaw Partner Suspended From Practice Of Law For Approving Settlements Without, You Know, Asking His Client First
(DBN)

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Judges:

Bankruptcy Judge Position Northern District of Indiana
(DBN)

Some judges still work from afar amid pandemic concerns
(DBN)

Ignore COVID-19 guidelines at your disciplinary peril, Georgia judges told
(DBN)

There’s Still Plenty Of Inventory At The Stupid Store
(DBN)

Why Supreme Court Liberals Joined Conservatives on Religion
(DBN)

Trump’s Tax Returns Face Judgment Day at U.S. Supreme Court
(DBN)

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Wall Street:

Stock futures edge lower after Nasdaq clinches new record
(DBN)

Dividend payments plunge $42.5 billion in worst quarter since financial crisis
(DBN)

Goldman warns delayed election results this November similar to Bush-Gore could rock the market
(DBN)

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Layoffs:

United warns employees it may furlough 45% of its U.S. workforce
(DBN)

Refiner Irving Oil to lay off 6% of global workforce as pandemic saps demand
(DBN)

New Era issues layoffs for more than 100 workers in Buffalo
(DBN)

Barnes Group lays off 400
(DBN)

______________

Healthcare:

Health Insurers Could Post Record Profit as Patients Stay Home
(DBN)

Many hospitals aren't pausing procedures as coronavirus cases rise
(DBN)

America is running short on masks, gowns and gloves. Again.
(DBN)

‘A hot mess’: Americans face testing delays as virus surges
(DBN)

Trump says he's withdrawing from the WHO while the pandemic rages, but he can't without Congress
(DBN)

Nurses Who Battled Virus in New York Confront Friends Back Home Who Say It's a Hoax
(DBN)

Churches Emerge as Major Source of Coronavirus Cases
(DBN)

Two COVID-19-ravaged churches take different recovery paths
(DBN)

Gov. Pritzker On Federal COVID-19 Response: States Forced To Play ‘Sick’ Hunger Games Gameshow
(DBN)

'It's my calling to help': A nurse travels to coronavirus hot spots during the pandemic
(DBN)

Learn To Science, People! Coronavirus Deaths Are Not Overcounted, And It’s Way Worse Than The Flu
(DBN)

COVID-19 deaths in America are flat, even though cases are soaring. Here's what that could mean.
(DBN)

‘Desperation science’ slows the hunt for coronavirus drugs
(DBN)

Even without a Covid-19 vaccine, there's reason for hope
(DBN)

Heartburn Medication Use Doubles COVID-19 Risk
(DBN)

Fears coronavirus will spark brain damage ‘epidemic’ as even mild cases cause inflammation • Brain problems linked to even mild virus infections: study
(DBN)

US records more than 60,000 coronavirus cases to set new single-day record • U.S. coronavirus cases near 3 million after the country reported a record single-day increase • Coronavirus cases rise in 33 states • New Us Projection: 200,000 Dead by November
(DBN)

Houston's Hidden Toll: Deaths at Home • A Spike in People Dying at Home Suggests Coronavirus Deaths in Houston May Be Higher Than Reported
(DBN)

Researchers know why coronavirus cases are skyrocketing – and how to slow the spread
(DBN)

More Covid Tests Than Ever and Not Enough
(DBN)

Some U.S. health officials lament a coronavirus crisis that didn't need to happen
(DBN)

Here’s how the U.S. could save 45,000 people from dying of COVID-19 by November
(DBN)

5 Myths on Face Masks Amid the Coronavirus Pandemic
(DBN)

Tom Hanks Has a Message to Deliver to People Not Wearing Masks
(DBN)

Michigan inching toward 400 new coronavirus cases per day
(DBN)

Why Arizona is suffering the worst Covid-19 outbreak in the US • Arizona Is Awash in COVID-19 and Testing Is a ‘S-------’
(DBN)

Trump splits with Fauci over coronavirus surge, says "we are in a good place"
(DBN)

Coronavirus Kills More in Florida, Texas in One Month Than 20 Years of Hurricanes
(DBN)

Supreme Court says Trump can weaken Obamacare contraceptive mandate • The Supreme Court just gave Republicans a powerful new weapon against Obamacare • Supreme Court rules for Little Sisters of the Poor in long-running dispute over birth control mandate • RBG Says Court’s Contraception Decision Was Based on Majority’s ‘Zeal to Secure Religious Rights to the Nth Degree’
(DBN)

____________

Sports:

Buccaneers coach says his players will 'all get sick' when NFL returns
(DBN)

Ryder Cup reportedly will move to 2021 so that fans can be on the course
(DBN)

MLS makes its troubled return, as Orlando City and Inter Miami open league tournament
(DBN)

Stephen Jackson says DeSean Jackson is 'speaking the truth,' adds anti-Semitic claims of his own
(DBN)

Ivy League won't hold sports this fall, becoming first D-I conference to suspend football season
(DBN)

____________

Climate:

In Parched Southwest, Warm Spring Renews Threat of ‘Megadrought’
(DBN)

US to bake in ‘extreme’ 110F temperatures for a month as experts warn of wave of heatstroke sweeping the country
(DBN)

Alpine Glaciers Shrank Nearly 20% Over the Past Two Decades
(DBN)

____________

Tech:

Facebook's own civil rights auditors said its policy decisions are a 'tremendous setback'
(DBN)

Facebook closes network of accounts and pages affiliated with Roger Stone for manipulation
(DBN)

____________

Hollywood:

Can the Summer Box Office Be Saved?
(DBN)

Movie theater reopenings have been pushed back. More bankruptcy filings could be next
(DBN)

AMC nears deal to avoid bankruptcy
(DBN)

____________

Trucking:

PPP Loan Can't Save Alabama Carrier From Bankruptcy
(DBN)

U.S. Heavy Truck Sales down 42% Year-over-year in June
(DBN)

____________

Autos:

Federal judge approves final Reagor-Dykes liquidation plan
(DBN)

____________


Economy:

Nobel Prize-winning economist: The second wave of the pandemic could have a worse psychological effect that cripples the economy for years
(DBN)

Census: Household Pulse Survey shows 34.9% of Households Expect Loss in Income; 25.9% Concerned about Housing
(DBN)

Jobless claims tell us 30 million people are unemployed, but many doubt it’s that bad
(DBN)

Fed’s Bullard sees unemployment falling to as low as 7% this year
(DBN)

Fed: US Recovery May be Stalling
(DBN)

But I Was Promised A V-Shaped Recovery!
(DBN)

It’s too soon to rule out another economic shutdown, Invesco’s Kristina Hooper warns
(DBN)

Industries with the Highest Rate of Unemployment
(DBN)

Support Grows for Guaranteed Income Among America’s Mayors
(DBN)

June business spending showed slight improvement from May
(DBN)

Job postings are still far below February's level despite a recent uptick, which shows why unemployment benefits have to be extended past July
(DBN)

Apple Maps driving activity is slowing again in warning sign for the economy
(DBN)

US consumers reduced their borrowing by $18.3 billion in May
(DBN)

Biden to call for moderate approach to reviving U.S. economy
(DBN)

Just 4 states meet these basic criteria to reopen and stay safe
(DBN)

'A big mistake': Kudlow says another shutdown to curb surging coronavirus cases could threaten a V-shaped economic recovery
(DBN)

A coronavirus consultant shares how she advises businesses on reopening
(DBN)

Pennsylvania holds off on new pandemic restrictions
(DBN)

JPMorgan Puts Plans for Ohio Office Return on Hold Indefinitely
(DBN)

You may lose unemployment — and the extra $600 — if you’re not hunting for jobs
(DBN)

Democrats Have A Winning Argument On Unemployment Benefits
(DBN)

Fed’s Bostic Says Softening U.S. Data May Call for More Action
(DBN)

Federal Reserve’s Main Street Lending Program Attracts Few Big Banks
(DBN)

Treasury blames lenders for PPP disclosure debacle • After railing against federal spending, GOP lawmakers, conservative groups benefit from small business loans • Nearly 5,000 startups that applied for PPP loans had recently raised venture funding • The CEO of a company that owns more than 100 Wendy's allegedly used $1 million in PPP loans on a new house in Montana, according to a lawsuit • Over 500,000 businesses got PPP loans but are listed as retaining zero jobs, Treasury Department data show
(DBN)

Only 10% of firms emerge from crisis stronger. Here’s one financial reason why
(DBN)

How cities failed the black middle class
(DBN)

GOP Suddenly Expresses Urgency On Stimulus: ‘Congress Needs To Act In July’
(DBN)

Confused by all those COVID-19 relief programs for consumers? Here’s a chart to break down what’s happening
(DBN)

Global GDP Tracker Signals Rebound, Now Comes Hard Part
(DBN)

Coronavirus squeezes the "sandwich generation"
(DBN)

U.S. town prints own currency to boost coronavirus relief
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

32% of U.S. households missed their July housing payments • NMHC: Rent Payment Tracker Finds Decline in People Paying Rent in July
(DBN)

Forbearance rate declines after June’s economic improvements, but will it hold?
(DBN)

NYC Rental Market Pushed to Breaking Point by Tenant Debts
(DBN)

America’s looming housing catastrophe, explained
(DBN)

Flushing developer throws mini-empire into bankruptcy
(DBN)

Homebuyer mortgage demand spikes 33% as rates set another record low
(DBN)

Houston Real Estate in June: Sales Up 18.3% YoY, Inventory Down 17.5% YoY, Concerns going forward
(DBN)

Homebuilder Taylor Morrison reports record June sales • Taylor Morrison CEO sees ‘strongest’ home sales in coronavirus hot-spot states
(DBN)

Manhattan Apartment Rents Slide After Exodus Empties Buildings
(DBN)

“Somebody is being defrauded”: Hearst estate owner illegally pocketed SBA loan: Filing
(DBN)

____________

Municipalities:

Puerto Rico General Fund collections lag projections
(DBN)

____________

Oil/Gas:

Is This the End of New Pipelines?
(DBN)

Energy Transfer says it won't shut Dakota Access despite ruling
(DBN)

U.S. Gasoline Demand Is at Pre-Pandemic Levels. Don’t Cheer Yet
(DBN)

____________

Education:

Harvard, MIT sue Trump administration over rule barring international students from online-only classes
(DBN)

Trump threatens to cut funding for schools, slams CDC reopening guidelines as too tough and expensive • President Trump is pushing for a fall reopening by threatening to cut off school funding, even though he lacks the authority to do so • Trump to blow off CDC recommendations and issue his own guidelines for reopening schools: report • How Trump's push to reopen schools could backfire • Pence says CDC changing school reopening guidelines after Trump called them 'tough and expensive' • Trump’s School-Opening Demand Dumps New Decisions on States • New York Gov. Cuomo blasts Trump on school reopenings: ‘It’s not up to the president’ • Cuomo Says N.Y. Schools Decision Will Be Made in Early August
(DBN)

New York City schools will not fully reopen in fall
(DBN)

Arizona delays opening of 2020-21 school year as coronavirus cases spike. Other states and districts are too.
(DBN)

TX: Public schools must reopen campuses in August with few exceptions
(DBN)

Education Secretary Betsy DeVos rejects part-time reopening for schools amid pandemic
(DBN)

Charter schools reap more than $220 million in federal coronavirus aid. Elite private schools got some, too.
(DBN)

Stanford to Cut 11 Varsity Sports Programs at End of School Year
(DBN)

Biden Unity Task Force: Free College, Student Debt Forgiveness, And Crack Down On For-Profit Colleges
(DBN)

____________

Politics:

Election is looking more like a Democratic tsunami than simply a Blue wave
(DBN)

Trump's troubles in Arizona mount with coronavirus surge
(DBN)

Kanye West says he's serious about a 2020 White House bid despite no organization and other obstacles
(DBN)

Trump family members encouraged supporters to vote by mail in recent robocalls
(DBN)

Texas GOP convention will happen in person — but Republican leaders will speak via video • Houston convention center operator cancels in-person Texas GOP meeting • Houston's Mayor Cancels Tx. GOP Convention
(DBN)

Will the Election Bring Chaos and Violence?
(DBN)

The real reason that Mary Trump’s tell-all book matters • 5 Eyebrow-Raising Details In Mary Trump’s New Book About The President • Mary Trump's Book: 8 Shocking Claims • The Mystery of Mary Trump
(DBN)

Old Friends Expect Trump’s U.S. to Become Even More Erratic
(DBN)

Republican Senators in Arizona and Georgia Have a Problem: The Base
(DBN)

Senate GOP candidates in tight races avoid any mention of the president in campaign ads
(DBN)

Monuments and statues are falling. But what comes next?
(DBN)

Confederate Statues Weren't About the Past
(DBN)

'Miss Confederacy' statue removed as workers rid Richmond of Confederate icons
(DBN)

Trump says flying Confederate flag is a ‘freedom of speech’ issue
(DBN)

Trump campaign considers displaying statues at future rallies: Sources
(DBN)

Census: Record 61M Hispanics in US, election impact looms
(DBN)

Voting rights of some felons in Florida in question after appeals court ruling
(DBN)

Tucker Carlson's continued criticism of Duckworth draws backlash
(DBN)

The President's Fascist Speech at Rushmore
(DBN)

CIA Kept Giving Intel to Russia, Got Nothing Back
(DBN)

Officials: Russian Bounties Intel Not for Sure
(DBN)

____________

Religion:

New Orleans clergy abuse plaintiff aims to move bankruptcy-halted case out of federal court
(DBN)

____________

Student Debt:

Game Changer For Student Loan Forgiveness
(DBN)

____________

Golf:

Columbia-area golf course files for bankruptcy
(DBN)

____________

Nursing Homes:

Covid 19's Devastating Toll in Nursing Homes
(DBN)

___________

 
New Bankruptcy Opinions
(4 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (32 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (5 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:

BK CD CA: June 2020 Central District filings up a little, compared to May.
(DBN)

All the Household-Name Companies That Have Filed for Bankruptcy Due to Coronavirus
(DBN)

______________

Finance:

Hospital: Temporary exit from bankruptcy enabled PPP loan
(DBN)

____________

Miscellaneous:

Top Bankruptcy Cases Of 2020: Midyear Report
(DBN)

____________

Tax:

Update on Corporate Bankruptcy Tax Refund Litigation
(DBN)

____________

Sales:

In the COVID-19 Economic Landscape, 363 Sales Present a Unique Investment Opportunity
(DBN)

____________

Aviation:

The Airline Bailout Loophole: Companies Laid Off Workers, Then Got Money Meant to Prevent Layoffs
(DBN)

United warns 36,000 employees of potential job cuts as pandemic roils travel demand
(DBN)

A senator wants to ban middle seats after finding himself on a packed flight during the pandemic
(DBN)

Airbus Sales Drought Worsens With Third Month of Zero Jet Orders
(DBN)

RavnAir cancels auction for remaining planes, calling rural hub service into question
(DBN)

____________

Retailing:

Brooks Brothers files for bankruptcy, plans to close dozens of stores • Storied apparel brand Brooks Brothers files for bankruptcy, seeks buyer and closes some stores • Brooks Brothers files for bankruptcy as its take on office gear falls out of step with more casual trends • Brooks Brothers, Founded in 1818, Files for Bankruptcy • Brooks Brothers Files for Bankruptcy, Seeks Buyer • Brooks Brothers, which dressed nearly every US president, goes bankrupt • Brooks Brothers Survived Civil War But Heads To Bankruptcy Court Amid Coronavirus Lockdowns • Brooks Brothers files for bankruptcy as athleisure replaces button-down shirts • Tailor to the Presidents Felled by Zoom Meetings and Khaki Fridays • Brooks Brothers was struggling even before the pandemic, as it became 'out of step' with a new generation's business fashion sense
(DBN)

Weil Adds Brooks Brothers to Its Busy Slate of Retail Bankruptcies
(DBN)

Sur La Table declares bankruptcy, will close almost half its stores • Sur La Table Files Bankruptcy With Possible Sale to Fortress • Sur La Table to Restructure Its Retail Footprint and Complete a Going-Concern Sale via Voluntary Chapter 11 Process • Kitchenware retailer Sur La Table files for bankruptcy
(DBN)

J.C. Penney asks bankruptcy court for more time to avoid an ‘outcome no one wants' • J.C. Penney’s Key Weeks Ahead
(DBN)

Bed Bath & Beyond is closing 200 stores as quarterly sales tumble nearly 50%
(DBN)

Kohl's surges 10% after BofA upgrades to buy as retailer sees 'superior reopening trends' versus peers
(DBN)

Retail workers are being pulled into the latest culture war: Getting customers to wear masks
(DBN)

Retail groups press Trump Administration for credit insurance backstop
(DBN)

____________

Theme Parks:

Disney World Draws Excitement and Incredulity as Reopening Nears
(DBN)

Theme parks in Japan are discouraging screaming on roller coasters to slow coronavirus spread, with one park urging riders to 'Please scream inside your heart'
(DBN)

____________

Consumer Finance:

The Payday Lender Protection Bureau Completes Its Work • Consumer protection bureau gets rid of restriction on payday lenders
(DBN)

____________

Fraud:

High-Flying London Art Dealer in Oklahoma Jail After Fraud Bust
(DBN)

____________

Movie Theaters:

AMC Nears Deal With Private Equity Firm To Avoid Bankruptcy
(DBN)

____________

Tourism:

Rise in COVID-19 cases worries tourist destination Branson
(DBN)

____________

Sovereigns:

Argentina’s Guzman Rules Out Changes to Latest Debt Offer • 'Roll of the dice': Argentina creditors reject debt offer to set up heated finale • Argentina creditor groups knock back debt offer, say it's "step in right direction"
(DBN)

Creditor countries urged to think about post-2020 debt relief
(DBN)

____________

UK:

British government to subsidize 50% off restaurant meals
(DBN)

Here’s how the UK plans to help young people find jobs in the pandemic recovery
(DBN)

Sunak Tries to Save the Summer with $38 Billion Stimulus Program
(DBN)

U.K. Pubs and Restaurants Welcome Stimulus While Risks Loom
(DBN)

Four Big Perks Aimed at Rescuing the U.K. Economy From Virus Damage
(DBN)

____________

EU:

Merkel calls for swift deal on EU budget and recovery package
(DBN)

Everything Americans need to know about the EU travel ban
(DBN)

Europe’s Next Big Rescue Idea: Public Stakes in Small Firms
(DBN)

____________

Canada:

Court Permits Trustee to Access Bankrupt’s Premises and Assign a Lease Over Landlord’s Objection That the Premises Were Previously Surrendered by Receiver
(DBN)

Eliminating Covid in Canada Too Heavy a Toll
(DBN)

DavidsTea files for creditor protection; some stores won't reopen
(DBN)

Trudeau’s Deficit Swells to 16% of Output on Massive Virus Aid • Canada Yields Jump on Financing Plans for $254 Billion Deficit
(DBN)

____________

Mexico:

Mexico’s Covid-19 Cases Rise by Daily Record to 275,000
(DBN)

Mexico border towns try to stop Americans crossing amid Covid-19 fears
(DBN)

____________

Sweden:

Sweden's controversial anti-lockdown strategy resulted in a high death toll and no real economic gain, data shows
(DBN)

____________

France:

France rules out 'total lockdown' in case of Covid-19 second wave
(DBN)

____________

Philippines:

Duterte says the Philippines won't fully reopen its economy, as a full reopen could put the country in 'deep s---'
(DBN)

____________

Australia:

How Melbourne was pushed back into coronavirus lockdown
(DBN)

Virus Outbreak Thwarts Rescue Plan for Australia’s Colleges
(DBN)

____________

Germany:

Wirecard’s $1 Billion Notes Auctioned Off at Fraction of Value • U.S. DoJ examining Wirecard as part of probe into alleged bank-fraud conspiracy • The man who led Wirecard into insolvency • Why some investors are holding onto Wirecard shares even after insolvency
(DBN)

____________

China:

Drowning in Debt, Property Developer Tahoe Defaults Again
(DBN)

China’s Factory Deflation Eased in June With Recovery on Track
(DBN)

____________

Indonesia:

Indonesia Sees Record Virus Cases After Military Academy Cluster
(DBN)

____________

Hong Kong:

Hong Kong Tightens Distancing Rules After Record Local Virus Cases
(DBN)

____________

MENA:

Dubai Business Conditions Improve as City Emerges From Lockdown
(DBN)

____________


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