May 21, 2020

The Daily Bankruptcy News

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Law:

Biglaw Firm Announces More Austerity Measures — Attorney Layoffs And Salary Cuts
(DBN)

Amid Austerity Measures, These Firms Can’t Cut Lawyer Salaries
(DBN)

Now What? Does Anyone Know Anything?
(DBN)

Jones Day’s ‘Black Box’ Compensation One Step Closer To Being Blown Open Should Other Law Firms Fear Latest Ruling in Jones Day Gender Bias Case?
(DBN)

Advice For In-House Attorneys That Have Lost Their Jobs To COVID-19
(DBN)

Law grad, age 19, could become youngest lawyer in modern Alabama history
(DBN)

Don’t Pick A Law School With The Expectation Of Transferring
(DBN)

President Trump Congratulates Tiffany Trump on Law School Graduation: ‘Just What I Need Is a Lawyer in the Family’
(DBN)

The Top Law Firms For Gender Equity & Family-Friendly Policies (2020)
(DBN)

Yale Law Women Caution Firms About Virus Impact on Gender Equity
(DBN)

This Biglaw Firm’s Getting In The (Revenue Per Lawyer) Groove
(DBN)

Online LSAT Is Glitchy… So OBVIOUSLY The Takeaway Is To Never Try Online Bar Exams
(DBN)

Trump tweets conspiracy theories and accuses cable-news host of murder while his lawyers argue to the Supreme Court that he is too busy being president to be investigated
(DBN)

More Than 1,000 Former Federal Prosecutors and 'High-Ranking' DOJ Officials Sign Brief Opposing Dismissal of Flynn Case
(DBN)

Former Trump Lawyer Michael Cohen Is Going to Get Out of Prison After All
(DBN)

Supreme Court Backs Trump, Blocks House Access to Mueller Materials
(DBN)

As America reopens, prepare for a flood of coronavirus workplace lawsuits
(DBN)

GOP lawmaker kicked out of Illinois legislative session over refusal to wear mask
(DBN)

‘Mask Torts’: The Coming Wave Of Whining Customer Litigation
(DBN)

What We Know About Ian Smith, the New Jersey Gym Owner Defying Gov. Phil Murphy's Executive Orders
(DBN)

America Is Taking Coronavirus to Court
(DBN)

Prepping For The Coronavirus’s Second Coming: Part I — Are Lockdown Orders Constitutional?
(DBN)

Is It Illegal To Shoot Down A Drone? Same As Plane, FAA Says, As Minnesota Man Charged With Felony
(DBN)

Ohio Lawyer Who Offered Client Xanax Indefinitely Suspended
(DBN)

Oklahoma Passed the Country’s First ‘Anti-Red Flag’ Gun Law
(DBN)

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Judges:

Poll: Judges Say ‘All They Wanna Do Is Zoom-A-Zoom-Zoom-Zoom’
(DBN)

‘I forgot’ isn’t acceptable excuse for missing oral arguments, 2nd Circuit tells lawyer
(DBN)

Fifth Cir. Pick Says Obamacare, Voter ID Writings Were Politics
(DBN)

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Wall Street:

Dow futures drop more than 100 points as investors take a breather from week’s rally
(DBN)

Global stocks slip after Trump accuses China of a 'disinformation and propaganda attack'
(DBN)

Dow gains 369 points as investors consider economic-reopening prospects
(DBN)

Goldman Set to Reopen Paris Hub With Staff Capped at 20% Per Day
(DBN)

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Layoffs:

Maryland Adds Teeth to State Mini-WARN Law
(DBN)

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Healthcare:

1.5 Million Unemployed Health-Care Workers Signal a Failed System
(DBN)

Social distancing a week earlier could have saved 36,000 American lives, study says If We Had Locked Down Two Weeks Earlier 83% of Deaths Could Have Been Avoided
(DBN)

5 Million Americans to be Infected by July
(DBN)

Fauci barely seen since dire warning about reopening too fast
(DBN)

CDC Staffers: We've Been Muzzled
(DBN)

How states can skew COVID-19 numbers
(DBN)

Mask shortage for most health-care workers extended into May, Post-Ipsos poll shows
(DBN)

Global coronavirus cases surpass 5 million, Johns Hopkins data shows Worst day for global cases so far
(DBN)

Fact-checking Trump's letter blasting the World Health Organization
(DBN)

Hawaii is not messing around when it comes to enforcing tourist quarantines
(DBN)

Is it safe to visit gyms, cafes, and stores? Here’s what the data says.
(DBN)

In some nations, government isolation centers helped reduce covid-19 infections. The U.S. has resisted the strategy.
(DBN)

Antibody testing shows coronavirus is still spreading in low-income, minority communities in NYC, Gov. Cuomo says
(DBN)

New Jersey Surpasses 150,000 Coronavirus Cases as Rate Holds Steady
(DBN)

HHS watchdog who exposed hospital shortages to testify before House panel
(DBN)

Six countries cautiously reopening for summer travel
(DBN)

Covid-19 has been brutal in Indian country - just like past epidemics were
(DBN)

How exposing healthy volunteers to Covid-19 for vaccine testing would work
(DBN)

It’s nice to fantasize about a return to hugs and large gatherings. But is it healthy?
(DBN)

WHO reports most coronavirus cases in one day as total number nears 5 million New coronavirus cases across the world jump by the most ever in a single day
(DBN)

NYC Offers Free Child Vaccinations After Rate Drops by 63%
(DBN)

Scientists fear branding may warp views on vaccine effort
(DBN)

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Religion:

CDC: Arkansas coronavirus outbreak linked to church services
(DBN)

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Fashion:

Vogue editor Anna Wintour says coronavirus has been ‘catastrophic’ for the fashion industry
(DBN)

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Sports:

A plan to reimagine women's sports
(DBN)

Federal Court Hammers NCAA, Compares It to a ‘Cartel': This Is No Free Market
(DBN)

Drahi Seeks Money Back for Halted Champions League Games
(DBN)

NCAA reportedly moves to allow Division I football, basketball teams back on campus for workouts
(DBN)

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Retailing:

J.C. Penney shareholders want a voice in bankruptcy
(DBN)

J.C. Penney to reopen 153 stores as clock threatens its bankruptcy reorganization
(DBN)

Pier 1 Shows Bankruptcy in a Pandemic Means Gone for Good
(DBN)

Victoria’s Secret, Macy’s Will Show How Bad Things Are in Retail
(DBN)

Victoria's Secret will permanently close 250 stores in the US and Canada as the pandemic cripples its business
(DBN)

Target Says Shifting Consumer Landscape Clouds Months Ahead
(DBN)

Target's online sales more than double during lockdown - but coronavirus costs send the retailer's profits plunging 64%
(DBN)

Frustrated Amazon shoppers vent at record levels
(DBN)

Reopened Malls See 79 Percent Drop in Traffic
(DBN)

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Cannabis:

Green Growth, Onetime Suitor for Aphria, Files for Bankruptcy Cannabis firm Green Growth Brands gets initial creditor protection
(DBN)

Judge OKs $77 million sale of GenCanna Global assets out of bankruptcy
(DBN)

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Travel:

Expedia Sees First Revenue Loss in Eight Years on Covid-19
(DBN)

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Autos:

Trump has been making life hard for Ford since 2016. His reluctance to wear a mask for a plant visit this week is just the latest example.
(DBN)

Trump has 'legal' and 'moral responsibility' to wear mask on Ford plant tour, Michigan attorney general says
(DBN)

Officials: Car lender reaches $550M multi-state settlement
(DBN)

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Telecoms:

The Drama Over the Windstream Case: Boiled Down
(DBN)

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Furniture:

‘He’s A Great Guy’: Robert Levin’s $27M Rescue Offer Means Customers, Like One Local Family Who Lost Their Home In A Fire, Get The Furniture They Paid For
(DBN)

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Cruise Lines:

When the Cruise Ships Stop Coming
(DBN)

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Economy:

As Reopening Starts, Americans Expect Recovery to Take Years
(DBN)

Some 18 million Americans skipped credit card or car loan payments in April as coronavirus continues to wreak havoc on economy
(DBN)

Economists forecast an additional 2.4 million Americans filed for unemployment insurance last week
(DBN)

Highly indebted ‘zombie’ companies control more than 2 million U.S. jobs
(DBN)

Ex-IMF Chief: Fed's Bond Buying Isn't Helping
(DBN)

Mnuchin, Powell: The Worst is Yet to Come
(DBN)

The Sputtering Road to Recovery
(DBN)

Household Pulse Survey shows 47.5% of Households lost Income
(DBN)

U.S. Births decreased in 2019, "Lowest number of births since 1985"
(DBN)

Time to Learn from the Great Depression
(DBN)

FOMC Minutes: "Considerable risks to the economic outlook over the medium term" Fed minutes show fears of ‘extraordinary amount of uncertainty and considerable risks’ because of coronavirus Fed minutes show officials saw virus as severe economic threat Fed worries turned to financial stability in April meeting The Fed's April meeting minutes detailed a potential 2nd-wave virus scenario that could drag on the economy into 2021
(DBN)

Flirting With Negative Rates Is Reality of a Zero-Bound World
(DBN)

How Do Negative Interest Rates Work?
(DBN)

Goldman Pushes for Negative Interest Rates
(DBN)

The Future of the American Dollar
(DBN)

Coronavirus is bringing economic suffering across the U.S.
(DBN)

Winners and Losers This Time Are Different From 2008
(DBN)

A $150 Billion Pile of Frozen Loans Starts to Worry U.S. Banks
(DBN)

All 50 US states move toward reopening States Are Reopening: See How Coronavirus Cases Rise or Fall CDC Quietly Releases Detailed Guidelines for Reopening U.S. 'It will all be open': Alaska governor says state will fully reopen this week amid pandemic As Capital Region reopening starts, Albany County sees 70 new COVID-19 cases Connecticut restaurants ‘eager’ to reopen as state starts lifting restrictions -- and braces for influx from New York Ford plant temporarily shuts day after reopening when workers test positive for coronavirus People flock to national parks on reopening day Dallas and Fort Worth zoos announce plans for reopening next week Penn National Gaming Announces Reopening of Its 10 Casinos in Louisiana and Mississippi Charlotte: Breweries, salons, restaurants ready for likely Friday return Inside Colorado Restaurant Draft Reopening Rules Disney and Universal to Submit Florida Reopening Plans Thursday All the surreal ways beaches and parks could change after coronavirus so you can enjoy the outdoors and still keep your distance from strangers
(DBN)

US Scientist: Don't Count on a Vaccine
(DBN)

More Vaccines Work on Monkeys Against Virus
(DBN)

5 Tips for Safely Reopening Your Office
(DBN)

CDC study will test for antibodies in 25 metro areas over 18 months
(DBN)

Trump opposes $600 boost in unemployment benefits The partisan battle over unemployment benefits is about to shape the future of America's safety net
(DBN)

Mark Cuban Says Americans Shouldn’t Expect Regular Relief Checks
(DBN)

Another stimulus bill is likely needed to revive the economy, Dallas Fed president says
(DBN)

Steve Mnuchin Doesn’t Scare These Public Companies
(DBN)

More than half of small businesses are looking to have PPP funds forgiven, survey says
(DBN)

House to Vote on Changes to Small Business Program Next Week
(DBN)

A vision of post-pandemic suburbia
(DBN)

Big Banks Plan Staffing Limits, Shift to Suburbs After Lockdown
(DBN)

JPMorgan Expects to Keep Offices Half Full After Lockdown Ends
(DBN)

“Putting their life on the line doing your nails”: What salon workers face in the pandemic
(DBN)

Temperature screeners, Covid-19 testers. These are jobs the pandemic has created
(DBN)

Tax return filings crater as Americans are holding off until July 15
(DBN)

Forget tax cuts - Here’s a five-point plan to help people through the crisis and boost the economy
(DBN)

U.S. Firms Canceled at Least $18 Billion in Small-Business Loans
(DBN)

Investor Ricky Sandler pushes for herd immunity approach to coronavirus after his hedge fund loses billions
(DBN)

Data shows US birthrates fell to a record low — and that was before coronavirus hit
(DBN)

Harvard’s Carmen Reinhart Named World Bank Chief Economist
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Black Knight: National Mortgage Delinquency Rate Increased Sharply in April, "Largest Single-Month Increase Ever Recorded"
(DBN)

AIA: Architecture Billings Index Decreased in April to Record Low
(DBN)

Zillow predicts a 'suburban boom' in US real estate market as remote work becomes more common
(DBN)

Bidding wars in a pandemic? Housing is heating up fast
(DBN)

How Much Further Could U.S. Retail Rents Drop?
(DBN)

Phoenix Real Estate in April: Sales down 27% YoY, Active Inventory Down 22% YoY
(DBN)

Mortgage lenders are getting stricter, but you still don’t need a perfect 850 credit score
(DBN)

Commercial Real Estate Transactions in U.S. Plunged 71% in April
(DBN)

Citi Eyes Offices in Suburbs to Ride Out Manhattan’s Recovery
(DBN)

Young Join the Rich Fleeing America’s Big Cities for Suburbs
(DBN)

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Municipalities:

Why states can’t go bankrupt
(DBN)

The pandemic may forever change the world's cities
(DBN)

Illinois Moves Toward First Test of Fed’s Muni-Lending Lifeline
(DBN)

Fairfield files bankruptcy citing millions in debt Small Alabama city files for bankruptcy
(DBN)

Why California is in Financial Trouble
(DBN)

COVID-19 exacerbates Sac City Unified’s bankruptcy risk
(DBN)

What's Next For The Muni Market?
(DBN)

California Schools Bracing for Covid-Fueled Budget Ax
(DBN)

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Oil/Gas:

Shale Drillers Face Multibillion-Dollar Hedging Crunch Amid Rout
(DBN)

Oilfield Co. Hornbeck Aiming To Wrap Up Ch. 11 By Mid-June
(DBN)

As summer driving season begins, it’s unclear how many will take to the road
(DBN)

Can the ‘Texas Miracle’ Survive?
(DBN)

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Politics:

House to Begin Using Proxy Voting Next Week, Pelosi Says
(DBN)

5th Circuit Court Blocks Texas Voting by Mail Expansion Litigation Over Texas Mail-In Ballots in COVID-19 Era Heats Up in State, Federal Courts
(DBN)

GOP Donor’s Construction Firm, Under Audit by DoD, Gets Largest Border Wall Contract Ever
(DBN)

Trump's 'Obamagate' conspiracy theory just got blown to pieces
(DBN)

The Swamp Wasn't Drained, It Was Restocked
(DBN)

Pompeo denies retaliation in firing of State Dept watchdog Pompeo bristles at questions over inspector general's firing Pompeo's government-funded dinners draw scrutiny Pompeo admits to answering questions in investigation as reporters ask him about IG Pompeo denies retaliation but won't explain watchdog ouster Pompeo Says Inspector General Should Have Been Fired Earlier State Department IG Fired While Investigating Complaints About Whip-Wielding Protocol Chief Aide Who Walked Pompeo’s Dog Was Reportedly the ‘Liaison’ for Taxpayer-Funded Dinners with Conservative Stars Trump is Gutting the Inspector General System and GOP Doesn't Care The Ultimate Disgrace of Mike Pompeo Pompeo Held Donor Dinners with Tax Money?
(DBN)

Biden pledges to never fire government watchdogs, attacks Trump's purge of inspectors general
(DBN)

What We Learned From Leaked Biden Tapes -- And What We Didn’t
(DBN)

For Spy Agencies, Briefing Trump Is a Test of Holding His Attention
(DBN)

Trump threatens funding for Michigan, Nevada over absentee, mail-in voting plans Trump says he’ll cut off funding to states that make it easier to vote Legal Experts Say Trump’s Threat to Withhold Funding from Michigan Would Be a Federal Crime if Carried Out Trump's claims about 'illegal' voting in Mich., Nev. are far from reality Can Michigan Mail Absentee Forms? Yes. Can Trump Withhold Funds? Unlikely.
(DBN)

Trump Is Brazenly Interfering With the 2020 Election
(DBN)

Believer in QAnon conspiracy theory wins Republican Senate nomination in Oregon
(DBN)

GOP House candidate demeans Muslims and compares Dreamers to pedophiles
(DBN)

Report suggests Republican voter suppression tactics failed in Wisconsin
(DBN)

Trump blames Democrats for his grounded campaign, even as bipartisan restrictions ban his signature rallies
(DBN)

Senate Republicans OK subpoena in Hunter Biden probe despite cooperation offer
(DBN)

In Trump's use of hydroxychloroquine, late-night hosts see 'a cry for help'
(DBN)

Trump says he may reschedule G7 meeting for Camp David Merkel Demurs on Prospect of Physical G-7 Hosted by Trump
(DBN)

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Satellites:

OneWeb wants bonus payments for retained staff
(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 (27 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (12 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:

The Impact of the CARES Act on US Consumers, Small Businesses, Bankruptcy and Insolvency Laws and Procedures
(DBN)

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Antitrust:

The Failing Firm Defense in Times of Economic Uncertainty
(DBN)

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Automatic Stay:

Casino Slip-and-Fall Suit Filed Amid Bankruptcy Gets Another Play
(DBN)

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Tax:

Beware of Debtor Tax Traps in Restructuring and Bankruptcy
(DBN)

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Environmental:

Seven Things to Keep in Mind about Treatment of Environmental Liabilities in Bankruptcy
(DBN)

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Aviation:

United Air’s New CEO Eases Tone on Job Cuts in Overture to Labor
(DBN)

Delta boosts flights further on rising demand, spacing needs
(DBN)

Photos show what it's like to fly right now
(DBN)

India Allows Airlines to Resume Flights Even as Infections Jump
(DBN)

German Chancellor Merkel Says Lufthansa Bailout Deal Is Close
(DBN)

Air France to Book $550 Million Writedown on A380 Phase-Out Plan
(DBN)

Colombia Grounds Flights Through August in One of Strictest Bans
(DBN)

Air Canada and WestJet Downgraded by S&P on Extended Cash Burn
(DBN)

PAL won’t go bankrupt as Lucio Tan pours in P15.2B
(DBN)

RavnAir cites conditional approval to seek federal aid
(DBN)

Norwegian Air's lessors take majority ownership
(DBN)

Low-cost carrier Norwegian Air gets government loan
(DBN)

Why Aerospace’s Recovery From COVID-19 May Take Five Years
(DBN)

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Festivals:

Kendall Jenner Settles Fyre Festival Instagram Post Lawsuit For $90,000
(DBN)

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Food/Beverage:

Help for battered restaurants could be on the way as House considers new bills
(DBN)

Grocery Products That Have Gone Up the Most
(DBN)

McDonald’s Warns of Franchise Culling, Offers $40 Million in Aid McDonalds to Owners: Downsize or Sell
(DBN)

U.S. Meat Squeeze Eases on Slaughterhouse Revival, Slack Demand
(DBN)

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Pharma:

Akorn Files for Bankruptcy After Failed Takeover, FDA Warnings Akorn Files For Bankruptcy Akorn to Use Voluntary Chapter 11 Process to Position Business for Long-Term Success First Day Dec
(DBN)

The Irish Shock to U.S. Manufacturing?
(DBN)

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Corporate Governance:

Financially Distressed Businesses: Revisiting the Business Judgment Rule and the Entire Fairness Doctrine
(DBN)

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Gambling:

Silver Heritage now has receivers as it tries to avoid bankruptcy
(DBN)

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Agribusiness:

Being a pig farmer was already hard. Then came coronavirus.
(DBN)

Trump May Halt Cattle Imports
(DBN)

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Fitness:

The gym will be one of the toughest spaces to reopen, experts say
(DBN)

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Utilities:

FirstEnergy Names New Chief Legal Officer, Elevates Two More
(DBN)

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UK:

Eight out of ten pubs will be forced to stay shut unless two-metre social distancing rule is relaxed because of lack of space at bar, bosses say
(DBN)

U.K. Introduces Insolvency Bill to Support Covid-Hit Companies
(DBN)

Teachers 'scared' over plan to reopen schools
(DBN)

UK sells negative-yield bonds for the first time — days after the Bank of England dismissed below-zero rates
(DBN)

U.K. Firms May Face Tax and Pension Bills for Furloughed Staff
(DBN)

U.K. Ratchets Up Brexit Tensions With Plan for Northern Ireland
(DBN)

EU Slams England on Trade Benefits
(DBN)

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PIIGS:

Italy’s New Coronavirus Cases Continue on Downward Trend
(DBN)

Greece to Let Direct Foreign Tourist Flights Resume on July 1
(DBN)

Close to 1 Million in Spain Await Furlough Payments, Survey Says
(DBN)

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Canada:

Divorces, bankruptcy cases: Feds look to ease deadlines in civil cases amid COVID-19 pandemic
(DBN)

Trudeau aid saddles companies with debt, may slow recovery: RBC
(DBN)

Trudeau Opens Door to Buying Stakes in Large Canadian Companies
(DBN)

Reopening of retail sector may have led to jump in new cases in Peel Region: Medical Officer of Health
(DBN)

Inflation Falls Below Zero in Canada for First Time Since 2009
(DBN)

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Sweden:

No-lockdown Sweden records most deaths in Europe
(DBN)

Sweden in Deep Economic Crisis
(DBN)

Sweden coronavirus plan is a cruel mistake, skeptical experts say
(DBN)

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China:

China's economy has bounced back from coronavirus in a V-shaped recovery, but 'now comes the hard part,' analysts say
(DBN)

China Threatens Countermeasures to US
(DBN)

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MENA:

Dubai May Lose a Third of Hotel Jobs as Virus Devastates Tourism
(DBN)

Lebanon’s Banks Urge Government to Avoid Domestic Debt Default
(DBN)

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Mexico:

AMLO’s Reopening Drive Runs Into Wave of Fear Among Small Towns
(DBN)

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Netherlands:

Netherlands Restricts Dividends, Bonuses in New Wage-Aid Plan
(DBN)

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India:

Financial creditors recovered over 64% of admitted claims through IBC in Q4
(DBN)

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France:

Renault Weighs French Factory Closures To Cope With Crisis
(DBN)

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Australia:

Australia’s Recession-Busting Pillars Set to Topple Post-Virus
(DBN)

Australians warned after withdrawing superannuation to gamble online
(DBN)

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South Africa:

South African retailer Edcon can be saved, administrators say
(DBN)

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