June 16, 2020

The Daily Bankruptcy News

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Law:

California Supreme Court Raises Prospect of October Bar Exam
(DBN)

Second State Lets Law Grads Skips the Bar Exam Amid COVID-19
(DBN)

How Stressed Are In-House Lawyers During the Coronavirus Pandemic?
(DBN)

Mid-Market Strategy to Achieve Cost Reductions that Clients Seek
(DBN)

Most Law Firms Are Condensing Summer Programs, Cutting Their Time in Half
(DBN)

'We Are Tired and Fed Up': Kirkland Associate Speaks Out About Race, Racism and Big Law
(DBN)

Washington Grants Diploma Privilege To Graduates Of ABA Accredited Schools
(DBN)

On John Calhoun, Mark Esper, And Your Managing Partner Or CEO
(DBN)

New York Lawyer Organizes Virtual Black Legal Wellness Forum
(DBN)

The Supreme Court’s landmark LGBTQ rights decision, explained in 5 simple sentences Supreme Court rules that workers cannot be fired for being gay or transgender In Gorsuch opinion, SCOTUS rules gay and transgender workers are protected by Title VII Liberal and Conservative Justices, in 6-3 Decision, Agree That Sexual Orientation and Gender Identity Are Protected by Civil Rights Act Two conservatives join liberals in Supreme Court ruling to protect LGBTQ workers Workers Can’t Be Fired for Being Gay, U.S. Supreme Court Rules
(DBN)

The Supreme Court's Rejection of Sanctuary City Case Is a 'Major Setback’ for the Trump Administration
(DBN)

Groups plan lawsuit after Trump administration reverses transgender health care protections
(DBN)

Supreme Court declines to hear gun-rights cases Supreme Court passes up challenges from gun groups on laws they say violate Second Amendment
(DBN)

Rayshard Brooks celebrated his 8-year-old daughter's birthday hours before he was shot dead by Atlanta police Officer Who Shot Rayshard Brooks Fired a Stray Bullet That Hit Vehicle with Kids Inside, Attorney Claims Atlanta Police Shoot and Kill Fleeing Black Man -- What to Know Killing of black man in Atlanta puts spotlight anew on police, as prosecutors contemplate charges against officer 'Lawful but awful': Atlanta police had better options than lethal force in Rayshard Brooks shooting, experts say
(DBN)

Raymond James Fires Employee Over Black Lives Matter Clash
(DBN)

Juneteenth Becomes Holiday for J.C. Penney, Qatalyst, Quicken
(DBN)

Democrats are grappling with calls to “defund the police”
(DBN)

In the wake of calls to defund police, Albuquerque creates an alternative department
(DBN)

Trump Says He’s Planning Crackdown on Seattle Protesters
(DBN)

New Jersey to Identify Officers With Serious Disciplinary Violations
(DBN)

U.N. Human Rights Council to Examine U.S. Police Brutality
(DBN)

Names of the 28,000 Killed by US Police
(DBN)

Police fire tear gas, pepper spray at Richmond protesters in standoff near police headquarters
(DBN)

Detroit's recent move to defund police had serious consequences, reporter finds: 'Children are dying'
(DBN)

The Disgrace of Donald Trump
(DBN)

Chicago Forms Working Group to Review Police Use of Force Policy
(DBN)

Senate Dems ask Justice Department's watchdog to investigate Barr's role in clearing protesters
(DBN)

Supreme Court refuses to reconsider immunity that shields police accused of brutality
(DBN)

Trump to sign executive order on police reform Tuesday
(DBN)

Sheriff apologizes to black pastor in Virginia after arrest Black Pastor Called 911, Got Himself Arrested
(DBN)

Trump Rape Accuser Fights to Keep N.Y. Jurisdiction for Her Suit
(DBN)

Supreme Court lets stand California's 'sanctuary' law on undocumented immigrants Trump Rejected by Top Court on California Migrant Sanctuary Law
(DBN)

Legally, Confederate statues in public spaces aren't a form of free speech
(DBN)

Women jailed for attacking cop with toilet roll holder at illegal party
(DBN)

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Judges:

Ninth Circuit Court of Appeals Appoints New Bankruptcy Judge for Eastern District of California
(DBN)

Estimating the Need for Additional Bankruptcy Judges in Light of the COVID-19 Pandemic
(DBN)

How Court Closures May Affect Your Bankruptcy Case
(DBN)

Reports of P--- on Zoom, PDA and Attorneys With No Pants Spur Florida Chief Judge to Get Tough
(DBN)

Neil Gorsuch Lays Landmines Throughout LGBTQ Discrimination Opinion
(DBN)

LGBT Rights Supreme Court Ruling Is a Power Play by Gorsuch
(DBN)

Why Trump's Supreme Court appointee Neil Gorsuch just protected LGBTQ rights
(DBN)

Alito Flips Out as Roberts, Kavanaugh Silently Join SCOTUS Liberals in Opinion That’s ‘Hard to Take Seriously’ Alito Warns SCOTUS Decision Is a Threat to Religious Liberty
(DBN)

Conservative Activists and Pundits Are Melting Down Over Gorsuch’s Embrace of LGBTQ Rights
(DBN)

Gorsuch, Alito and Kavanaugh Tangle Over Textualism in Major Win for LGBT Workers
(DBN)

'No Contest': Gorsuch Leads SCOTUS Ruling That Protects LGBT Employees Against Firing
(DBN)

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Wall Street:

European stocks rally and U.S. futures extend gains on central bank action Dow futures jump amid report that Trump is preparing $1 trillion infrastructure proposal
(DBN)

Stocks stage biggest turnaround in 3 months as Fed pledges to buy more corporate bonds
(DBN)

Goldman Said Sorry, Doesn’t Think It Should Have To Also Say ‘Guilty’
(DBN)

NYSE to widen trading floor reopening on Wednesday
(DBN)

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Layoffs:

Commerzbank preparing to make more job cuts: board member
(DBN)

Walmart looks to remove all cashiers from stores
(DBN)

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Retailing:

Mall Landlords, Authentic Brands in Talks to Buy J.C. Penney
(DBN)

The Children's Place to close 300 stores
(DBN)

J.C. Penney Faces a Tricky Rescue
(DBN)

Will Kohl’s survive?
(DBN)

Lands' End downgraded on refinancing uncertainty
(DBN)

The Great American Squeeze Play: Retail Derails As The Credit Crunch Prevails
(DBN)

Retailers, If You Think 2020 Is Bad, Wait Because It Is Going To Get Worse
(DBN)

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Healthcare:

Infectious disease expert says coronavirus won't slow down until 'about 60% or 70%' of American population is infected, points out US is at 'about 5%'
(DBN)

How Deadly is the Coronavirus? Scientists May be Close to an Answer
(DBN)

Private Equity-Owned Health Consulting Co. Files Ch. 7
(DBN)

Coronavirus update: U.S. death toll tops 115,000 amid growing worry about uptick in cases in Florida, Texas among others
(DBN)

Why children avoid the worst coronavirus complications might lie in their arteries
(DBN)

The Pandemic Claims New Victims: Prestigious Medical Journals
(DBN)

Texas Gov. Greg Abbott scolds 20-somethings for not wearing masks, taking coronavirus too lightly
(DBN)

MIT researchers say these are the unsafe businesses to avoid during COVID-19, and these are okay
(DBN)

“I am very scared”: What it’s like for pregnant essential workers in the pandemic
(DBN)

Trump, Pence Say Coronavirus Increase Due to Broad Testing
(DBN)

FDA ends emergency use authorization for hydroxychloroquine
(DBN)

Are Americans hard-wired to spread the coronavirus?
(DBN)

WHO calls for more ‘systematic, thorough investigation’ on clusters in response to Beijing outbreak
(DBN)

Texas reports record-breaking coronavirus hospitalizations, the sixth new high in a week
(DBN)

Fears second coronavirus wave is on way as Google sees surge in searches for symptoms and testing
(DBN)

The surge in coronavirus cases in some states isn’t part of a ‘second wave’
(DBN)

Red Cross will begin testing blood donations for COVID-19 antibodies
(DBN)

We have the technology to stop a second wave of covid-19
(DBN)

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Nursing Homes:

Nursing homes are especially vulnerable to Covid-19. Here’s what it’s like to work in one.
(DBN)

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Climate:

What lockdown? Traffic returns, and so do carbon emissions
(DBN)

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Religion:

Diocese of St. Cloud Formally Files for Chapter 11
(DBN)

Powerful image of archbishop in cathedral surrounded by pictures of Covid-19 victims
(DBN)

West Virginia sees coronavirus outbreaks in churches
(DBN)

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Telecoms:

Windstream: Time for Charter Communications to ‘Face the Consequences’ of Mailer Impact
(DBN)

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Fitness:

Owner Of Boston Sports Club Gyms Considers Bankruptcy
(DBN)

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Crypto:

Cryptocurrency Firm Quadriga Collapsed Due to Late Founder’s Ponzi Scheme: Regulator
(DBN)

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Economy:

A top Trump economic adviser says the $600 weekly boost in unemployment benefits will be allowed to expire in late July Trump administration wants to replace $600 unemployment benefit with back-to-work bonus
(DBN)

Trump administration weighs $1 trillion proposal for infrastructure: report
(DBN)

‘The dollar is going to fall very, very sharply,’ warns prominent Yale economist
(DBN)

Can job market sustain its gains? Uncertainties cloud future
(DBN)

Most Americans Say Wealth Hasn’t Improved During Trump Years
(DBN)

Governments May Revisit Postwar Playbook as They Tackle Huge Debts
(DBN)

What if the federal deficit didn’t actually matter? Modern Monetary Theory explained
(DBN)

House Democrats demand big bank CEOs disclose documents about small business loans in coronavirus bailout JPMorgan, BofA, Citi among banks facing house probe on PPP Loans
(DBN)

Inspectors general warn Congress that Trump administration is blocking scrutiny of bailout programs
(DBN)

Fed encourages lenders to start making Main Street Program loans
(DBN)

Fed Adapts as Congress Urges More Credit Risk on Corporate Loans
(DBN)

Zombies are stirring as the Fed creates a monster debt problem
(DBN)

Morgan Stanley doubles down on forecast for a V-shaped economic recovery by 4th quarter
(DBN)

The Illusion of a Rapid US Recovery
(DBN)

Six High Frequency Indicators for a Recovery
(DBN)

New Jersey’s Latest Stage Reopens Outdoor Dining, Daycare, Retail Why a 2nd shutdown over coronavirus might be worse than the 1st -- and how to prevent it As maskless New Yorkers crowd outside bars, Cuomo threatens to shut the city back down Gov. Abbott rejects county head's request to make masks mandatory As control measures lift, the coronavirus pandemic continues to grow. Here are the global hotspots Kudlow Calls Virus Spikes in U.S. ‘Small Bumps’ in Recovery Virus Cases Continue to Rise, Undermining States’ Reopening Push Miami Area Mayors See Covid-19 Uptick But Won’t Restart Lockdown Protest, or visit Grandma? The pandemic's next phase means weighing risks and values Activism is the key to protecting worker health as we reopen America JPMorgan to Start Bringing More Traders Back to Office Next Week
(DBN)

NY Fed: Manufacturing "Business activity steadied in New York State" in June New York Fed Manufacturing Index Rises More Than Forecast
(DBN)

Rocky Recovery to Keep U.S. Unemployment High, Fed’s Bostic Says
(DBN)

The Federal Reserve could help make the job market fairer for black workers
(DBN)

Gallup: Americans' national pride hits record low
(DBN)

The Fed says it is going to start buying individual corporate bonds Fed will begin buying broad portfolio of corporate bonds Fed Doesn’t Really Need to Buy Corporate Bonds
(DBN)

Fed's Powell Can Send a Forceful Message to Congress
(DBN)

LA area Port Traffic Down Sharply Year-over-year in May
(DBN)

Companies Need to Share More of Their Riches With Workers
(DBN)

U.S. and China both topple in rankings of the best places to work and do business
(DBN)

Half a million fewer children? The coming COVID baby bust
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Fannie, Freddie Hire Financial Advisers for Exiting U.S. Control
(DBN)

The Housing Market Around New York City Is Booming
(DBN)

Luxury real estate demand surges in Aspen, Park City
(DBN)

The American Dream Mall Had Retail Problems Before Coronavirus. Now, They’re Worse.
(DBN)

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Municipalities:

N.Y. Seen With 40% Drop in Tax Revenue, Steepest Fall in U.S.
(DBN)

Bailing Out the States Is Smart Economics
(DBN)

College Towns Fear Covid Will Leave Them as Ghost Towns
(DBN)

The Cloud Over the Future of Downtowns
(DBN)

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Oil/Gas:

Credit Lines to Shale Drillers Dry Up as Lenders Pull Back
(DBN)

Energy Defaults Soar to Three-Year High as Another Oil Producer Goes Bust
(DBN)

Global Midstream Sector Outlook Downgraded by Moody’s
(DBN)

Oil Company Run By Forbes 30-Under-30 Winner Files For Chapter 11 Bankruptcy
(DBN)

BP slashed the value of its assets by almost $18 billion as it adjusts to oil's pandemic era new normal One of the world's biggest energy firms cut its 30-year forecast for oil prices by 27% as coronavirus turns the industry on its head
(DBN)

Chesapeake Energy To File For Bankruptcy, Potentially This Week- Report Chesapeake Energy starts bankruptcy countdown
(DBN)

Primeline Energy insolvent
(DBN)

Global electric vehicle sales topped 2 million in 2019
(DBN)

OPEC+ Deal Will Bring Oil Back to ‘Normal’ as Producers Commit
(DBN)

IEA: Oil demand set for record bounce next year IEA sees largest drop of oil demand in history this year, before biggest-ever one-year jump in 2021
(DBN)

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Utilities:

PG&E to plead guilty to 84 counts of involuntary manslaughter from California wildfire
(DBN)

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Autos:

Hertz tanks 25% after filing to sell up to $500 million in potentially 'worthless' stock Hertz says it expects stockholders to lose all their money in filing for selling more stock Hertz warns stock buyers will need miracle to avoid wipeout Please don’t buy Hertz's bankrupt stock Stay Away From Hertz Stock
(DBN)

Bankrupt Hertz is a Pandemic Zombie
(DBN)

Ohio: GM May Owe $60M for Closed Factory
(DBN)

Nissan: Carlos Ghosn Coup Emails are Fake
(DBN)

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Politics:

Biden campaign, DNC jointly raised $81 million in May Biden posts massive $81M cash haul for May
(DBN)

Top Voice of America officials resign after confirmation of Trump appointee
(DBN)

Ben Carson says Trump will "get there" on understanding anthem protests
(DBN)

China Warms to Idea of Four More Years of Trump Presidency
(DBN)

Biden ahead by 14 among registered voters; Trump approval below 40%
(DBN)

Tulsa World editorial: "Wrong time" and "wrong place" for Trump rally Trump supporters will get masks, hand sanitizer, temperature checks at Tulsa rally, campaign boss says Trump economic adviser urges wearing of masks at Tulsa rally GOP senator defends Trump's Tulsa rally as health official warns it's 'a huge risk factor' amid coronavirus spike
(DBN)

Trump the superspreader?
(DBN)

Will Trump’s return to campaign trail backfire?
(DBN)

In Miami-Dade, dueling rallies in support of Black Lives Matter and President Trump
(DBN)

America’s Social Unrest Is About to Get Much Worse, Congress Fears
(DBN)

Trump Administration Expected to Sue to Block Bolton Book Trump says John Bolton will have a ‘strong criminal problem’ if he publishes tell-all book as EVERY chat is classified Trump: Former adviser Bolton faces charges if book released
(DBN)

How has the electorate changed since Trump? The gender gap is wider, research shows
(DBN)

Older voters put Donald Trump in the White House. Now some are having second thoughts
(DBN)

Guardsmen Debunk Trump on Tear Gas Lie
(DBN)

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Sports:

NBA players divided on resuming season amid pandemic and protests
(DBN)

The U.S. Open intends to play on schedule, but will tennis's top players show up?
(DBN)

WNBA to hold a shortened 22-game season without fans
(DBN)

Don't let MLB owners cry poor. They can afford to do what's right for baseball.
(DBN)

MLB threatening to cancel 2020 season amid Rob Manfred about-face
(DBN)

NASCAR team races 'Back the Blue' car to show support for law enforcement
(DBN)

Ohio State football players sign coronavirus pledge acknowledging risk involved
(DBN)

Ezekiel Elliott, several Cowboys and Texans players test positive for COVID-19, per report Cowboys’ Zeke Elliott Tweets ‘My Agent Didn’t Break Story’ After Reports He & Other Players May Be Positive For COVID-19
(DBN)

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Events:

Oscars delayed until April 25; film eligibility window extended
(DBN)

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Dairy:

KKR, Former Dean Foods CEO Win Auction for Borden Dairy
(DBN)

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Pharma:

Opioid Deal May Be Sped Up Amid State Shortfalls, Analyst Says
(DBN)

"Digital Medicine" Pioneer Proteus Health Files In BK DE - First Day Dec Proteus Digital Health, once valued at $1.5 billion, files for Chapter 11 bankruptcy
(DBN)

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Green Energy:

Solar and roofing co Petersen-Dean files for bankruptcy in Nevada
(DBN)

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New Bankruptcy Opinions
(7 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (22 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (9 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 Statistics:

Weekly Bankruptcy Claims Trading Activity
(DBN)

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DIP Finance:

Ninth Circuit Ruling in Bankruptcy Appeal Has Significant Implications for Lenders in Bankruptcy Cases
(DBN)

Forgiveness for the Unforgiven: Small Business Chapter 11 Solution for Adverse PPP Loan Outcomes
(DBN)

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Tax:

Bankruptcy-Proximate Owner Shift? Loss Corporation Beware
(DBN)

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D&O:

COVID-19 and D&O Insurance: The Latest Update
(DBN)

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Bankruptcy Strategy:

The SBRA: A powerful small business remedy for post-COVID recovery
(DBN)

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Avoidance Actions:

Fraudulent Transfer Claims in Bankruptcy After Statute of Limitations Expires (In re Tribune)
(DBN)

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Corporate Governance:

Considerations for directors and officers in the expected wave of fiduciary duty litigation in bankruptcy cases
(DBN)

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Ch. 13:

Sixth Circuit Case Excludes Voluntary Retirement Contributions from a Debtor’s Disposable Income
(DBN)

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Safe Harbors:

Tribune II: Law Firm Perspectives
(DBN)

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Aviation:

United, other major airlines tell passengers to wear face masks or risk getting banned
(DBN)

United will tap its frequent flyer program for cash as the pandemic continues to slam its revenue
(DBN)

The New Era of Questionable Air Travel Surveillance
(DBN)

DocuSign rises as it gets ready to replace United Airlines in Nasdaq 100
(DBN)

American Airlines in talks to boost cash with junk bond deal
(DBN)

British Airways Hits Back After Scathing Parliament Report
(DBN)

Boeing Max Return in Europe at Risk of Delay Over Travel Rule
(DBN)

Revenue at airline Avianca falls 51per cent through early June on coronavirus
(DBN)

Latin America must restart air travel by July to avoid bankruptcies: trade group
(DBN)

11 ways the pandemic will change travel
(DBN)

Tourists Return to Iceland as Airport Testing Plan Launched
(DBN)

The global aerospace industry – close to a crash landing?
(DBN)

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Fraud:

Lead Plaintiff, Counsel Selected in Luckin Coffee Class Action
(DBN)

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Education:

As pandemic tests public schools, Betsy DeVos pushes 'education freedom'
(DBN)

Pandemic may drive some parents to opt for home-schooling this fall, if they can afford it
(DBN)

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Finance:

DC sues online lender over ‘predatory’ loans—but these are increasingly common
(DBN)

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Mail:

Trump ally takes over crisis-ridden Postal Service as top Senate Democrat demands inquiry on hiring
(DBN)

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UK:

Pubs Could Spread More Tables Outside as U.K. Weighs Rule Change
(DBN)

Restaurant bosses call on Boris Johnson to offer more support
(DBN)

Black Lives Matter protester hailed as hero for saving far-right demonstrator in London melee
(DBN)

Johnson says chances of reaching EU trade deal are 'very good'
(DBN)

Social-distancing ‘champions,’ one-way store traffic, long lines — the new normal for England’s shoppers
(DBN)

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EU:

Europe reopens many borders but not to Americans, Asians
(DBN)

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PIIGS:

Italian Sovereign Debt: Time to Worry or Party?
(DBN)

The coronavirus pandemic could wipe out Spanish bullfighting
(DBN)

Spain’s Auto Industry to Get $4.2 Billion in Government Stimulus
(DBN)

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Canada:

After 57% Surge, Canada Home Sales Are Still Weakest Since 1996
(DBN)

Consumer confidence rises in Canada for 7th straight week
(DBN)

Toronto Left Out Again With Ontario Crawling Toward Reopening
(DBN)

Some Whitehorse businesses fearing COVID-19-related bankruptcy: survey
(DBN)

One in 4 Alberta CEOs say they don’t know if their business can survive this crisis
(DBN)

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Sweden:

Sweden frozen out of open borders after not locking down
(DBN)

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Asia:

Foreign adventures into Asian restructurings
(DBN)

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China:

Probe in debt for equity swaps during reorganizations
(DBN)

China's huge response to a localized COVID-19 outbreak at a market shows it's taking the virus far more seriously than the US
(DBN)

China is reporting the biggest coronavirus outbreak it has seen in two months
(DBN)

Beijing carries out mass testing as coronavirus spreads in the Chinese capital
(DBN)

China's economy is slowly crawling back from its coronavirus slump, but the 'very high' risk of a second wave looms large
(DBN)

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MENA:

Iran warns may have to reimpose tough virus controls
(DBN)

Top Qatar State Companies Cut Wage Bills Over Pandemic
(DBN)

Bahrain Plans $470 Million in Emergency Spending
(DBN)

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France:

France swaps chokehold for stun guns after police protests
(DBN)

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Brazil:

Brazil faces the coronavirus disaster almost everyone saw coming
(DBN)

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India:

Group Insolvency Norms: Introducing the Doctrine of Substantive Consolidation in India
(DBN)

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Mexico:

Mexican Billionaire Says Health Officials Are Wrecking Economy
(DBN)

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France:

French leader rejects racism but colonial statues to remain
(DBN)

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Hong Kong:

Fearing a reign of terror, Hong Kong families are preparing to flee
(DBN)

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Switzerland:

Swiss Flag Financial Risk With Economy in Deepest Dive Since 70s
(DBN)

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Australia:

Catch me if you can… The Federal Court overturns a trustee’s decision to refuse permission for a bankrupt to travel overseas
(DBN)

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