May 4, 2020

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Global Chairman Of World’s Biggest Law Firm Says Going Back To The Office Is ‘Not Going To Happen’
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Boies Schiller Cuts Associates After Partners' Mass Departure
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Staff, Summer Program On Chopping Block At This Am Law 200 Firm
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Despite A Billion Dollars In Gross Revenue, Squire Patton Boggs Cuts Salaries Amid COVID-19 Austerity Measures Squire Patton Boggs Cuts Salaries, Furloughs Staff Amid Virus
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Am Law 100 Firm Deferring Partner Compensation And Furloughing Some Staff Members
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Am Law 100 Firm Cuts Retirement Benefits And Makes Other Cost-Cutting Moves
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Summer of Our Discontent: Big Law Associate Programs Get Major Overhaul
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The Highest-Ranked Am Law 100 Firm To Slash Salaries Due To COVID-19
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Davis Polk, Partners Look to Trim Black Ex-Associate’s Bias Suit
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Rebuke of Kirkland in Recruiter's Federal Suit Raises Questions About Placement Secrecy
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As Texas Reopens, Most Law Firms Stick With Remote Work
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Breaking Down The 2020 Am Law 100 Rankings
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New York limits bar exam to in-state graduates because of coronavirus concerns Other Law Schools… Displeased Law Deans at Top Schools Outside NY Balk at Bar Exam Access Plan
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EY Outlines Its Strategy in Legal and Approach to Servicing Law Departments
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A lawyer dressed as the Grim Reaper is haunting Florida beaches to protest their reopening
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What Legal Innovation Is Not!
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#makelawbetter: A Call To Action
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White House, Congress clash over liability protections for businesses as firms weigh virus reopening plans
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5 key traits of socially intelligent people, according to a communication expert
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Trump's lawyers have reportedly demanded that Michael Cohen stop writing a 'tell-all' book about the president Despite Promises of Early Release, Michael Cohen Still in ‘Functional Equivalent of Solitary Confinement’ Cohen’s Legal Adviser Lanny Davis: ‘No Explanation’ for Delay in Prison Release
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FBI notes on Flynn probably will not convince judge he was entrapped, legal experts say
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Here's What Jeffrey Epstein was Doing at Harvard After Giving the University Multi-Million-Dollar Gifts Trump Retweets Post That Defends COVID-19 Response But It Also Says ‘Epstein Didn’t Kill Himself’
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California man arrested 3 times in a day, given citations and released due coronavirus restrictions
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Philadelphia ends coronavirus leeway on nonviolent crime arrests
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Meghan Markle loses first round of legal battle
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NY Sees Huge Increase in Domestic Violence
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First Wave of Coronavirus Lawsuits
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Barr Fears Ongoing Lockdowns Are ‘Unduly Discriminatory’ Against ‘Religious Liberty or Speech’
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Alex Jones: I'll Kill, Gut and Eat my Neighbors
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Lawyer agrees to plead guilty to bribing federal agents for inside information
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Law firm sends 777 pizzas to Louisiana hospitals
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Judge says he has no authority to force retraction of lawyer’s press comments about cops
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State supreme court allows in-person jury trial, which ends with defendant nearly collapsing
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Coronavirus Is Straining the Concept of Federalism
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Paul Giamatti Says He Used ‘Hardass’ John Durham to Inform Billions Character
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Indiana Man Charged with Murder for Allegedly Shooting and Killing Mail Carrier Over Delayed Stimulus Check
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NYPD Chief Of Department Says ‘We Are Past The Point Of Warnings’ When It Comes To Social Distancing
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Police arrest 3 protesters, cite another 5 at ‘reopen Hawaii’ rally in front of State Capitol
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You can sue to stop lockdowns, but you can't sue to get them.
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Religious leaders, business owners and lawmakers file federal lawsuit over Hogan's stay-at-home orders
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New Jersey on Alert for ‘Knucklehead’ Actions Slowing Reboot
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Man arrested trying to quarantine on private Disney island
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Oklahoma city backs off mask mandate after threats, as officials struggle to enforce public health rules
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U.S. journalist Daniel Pearl's parents challenge freeing of his convicted killers
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U.S. Women’s Soccer Pay Discrimination Claim Is Thrown Out
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Lawyer made himself main beneficiary of Virginia woman's will, says he did nothing wrong
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Auschwitz Museum condemns Nazi slogan at 'Re-open Illinois' protest
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Judges:

The Supreme Court Confronts Trump’s Challenge to the Separation of Powers
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Superlawyer Larry Klayman Urges Judge To Find Himself Guilty Of Political Bias And Reverse Arpaio Dismissal
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New Federal Clerkship Guidelines Ask Federal Judges Not To Be Stupid
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Phoning it in: Pandemic forces Supreme Court to hear cases in a new way Supreme Court takes modest but historic step with teleconference hearings Hello, justice, do you hear me? Supreme Court meets by phone
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Wall Street:

European stocks skid after three-day break on worries over U.S.-China tensions; Dow futures weaken
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U.S. stocks fall as Trump threatens China with tariffs and earnings spook investors
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Will stocks tumble back to their March coronavirus lows? 92 years of S&P 500 history say there’s a good chance
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Stocks are up against big ‘resistance’ and likely need actual economic improvement to overcome it
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Carson Block Sees Plunge in Stocks as Valuations Make ‘No Sense’
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S&P 500 earnings are beating estimates by the lowest rate in a decade amid COVID-19 despite earlier cuts to forecasts
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Layoffs:

Thousands of healthcare workers are laid off or furloughed as coronavirus spreads
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The next wave of job automation will be virtual
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NBCUniversal’s Cost-Cutting Push to Include Significant Job Cuts
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Rolls-Royce Weighs Workforce Cut of Up to 15% on Travel Collapse
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Retailing:

J. Crew files for bankruptcy as preppy retailer succumbs to COVID-19 fallout J. Crew Files for Bankruptcy in Virus’s First Big Retail Casualty J Crew files for bankruptcy protection J.Crew files for bankruptcy protection, reaches debt-swap deal J. Crew Files for Bankruptcy Protection J. Crew files for Chapter 11 bankruptcy with $400 million in financing from lenders J.Crew Group, Inc. Announces Comprehensive Agreement to Deleverage Balance Sheet and Position J.Crew and Madewell for Long-Term Profitable Growth Petition
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Investcorp-Backed Sur La Table Said to Prepare Bankruptcy
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80 Infected at Massachusetts Walmart
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The (Physical) Retail Apocalypse has Arrived
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This is the most dangerous place in the grocery store
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President Trump’s “Tariff” Comment Stunned Retail
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JCPenney’s Final Doorbuster—Three Tendencies For Trouble After Six Decades Of Constant Change, JCPenney Needs To Define Itself
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America’s Retailers Return to Lure Virus-Weary Shoppers to Malls
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Only one-third of American consumers say they'd feel safe going to a store right now as states start to reopen nonessential businesses
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People are boycotting Costco for requiring shoppers to wear masks in stores — and it reveals the frightening misconceptions that still exist about the pandemic
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Difficulty ahead for retailers set to open as coronavirus-weary shoppers avoid malls
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Personal Finance:

Job and finances under threat from COVID-19? How to get a little more financial certainty
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Time to Check Your Pandemic-Abandoned Car for Rats
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Food/Beverage:

CDC: Nearly 5,000 Meat Processing Workers Infected by COVID-19
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Pork producers ask for compensation for euthanized livestock, as coronavirus shuts processing plants
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U.S. beef output is down way more than shutdowns suggest
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Get Used to Expensive Meat With Supply Woes Lasting All Year
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What it’s like to be a food delivery driver during the Covid-19 pandemic
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Restaurants to re-hire staff, provide free meals under new program
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Ex-Blue Bell CEO Charged with Conspiracy
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Fast-food chains like McDonald's and Taco Bell are betting traumatized Americans will flock to familiarity as restaurants reopen
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People are spending up to 3 hours waiting in drive-thru lines for McDonald's and Burger King as the chains reopen locations around the world
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Grubhub receipt sparks outrage as it reveals the company took a $666 cut from a pizza restaurant's $1,042 in total orders
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Here's a breakdown of which chain restaurants are planning to reopen their dining rooms, and which ones aren't
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Religion:

Archdiocese of New Orleans Files for Bankruptcy How Archdiocese of New Orleans' bankruptcy might impact clergy abuse case settlements Archdiocese of New Orleans files for bankruptcy: 'God is faithful, and he will guide us in this process' Archdiocese of New Orleans files bankruptcy, records show; here's what's next First Day Dec
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Politics:

Trump: Hope Deaths Less Than 100,000
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Trump seeks pandemic victory lap in TV 'town hall'
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White House Blocks Dr. Anthony Fauci from Testifying for House Democrats; Allows GOP Senate Appearance
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Trump says he shares his famed uncle's science genius; a friend says the uncle 'would have been horrified.'
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Trump had two intelligence briefings on coronavirus in late January
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Trump defends the US's bungled coronavirus response by saying Fauci told him 'it's not going to be a big deal'
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Birx's 'Fox News Sunday' interview lays bare the discord in Trump's coronavirus response
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Former President Bush urges unity to overcome the coronavirus George W. Bush: 'We are not partisan combatants' in fight against coronavirus Trump mocked George W. Bush's call for Americans to push aside partisanship and unite during coronavirus pandemic
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The coronavirus pandemic is fracturing our notion of a truly united states in America
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Trump and Lincoln Are Opposite Kinds of Presidents
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Gallup: Trump Approval Up Six Points
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Trump replaces HHS watchdog who found ‘severe shortages’ at hospitals combating coronavirus
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Trump's War on US Inspectors General 'Replacing Them with Loyalists': Lawyers Rip Trump for Sacking HHS Deputy Inspector General Christi Grimm
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Minutes after pledging to not lie, the new White House press secretary lied a whole bunch
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Reade: ‘I didn’t use sexual harassment’ in Biden complaint New Harassment Allegation Against Biden Biden accuser Tara Reade 'not sure' what complaint she claims was filed with Senate says Tara Reade is disputing a report that says her complaint against Joe Biden didn't refer to sexual assault or harassment Biden asks the secretary of the Senate to direct a search for an alleged sexual harassment complaint filed by a former staffer Search for Tara Reade complaint threatens to backfire on Biden Biden Campaign Provides Documents to Dispute Eva Murry Sexual Harassment Allegation Biden Delegate Wants FBI to Investigate Journalists for Covering Tara Reade Sexual Assault Allegation #MeToo hypocrisy of Joe Biden, Democrats exposed? The #MeToo hypocrites who’ve gone silent for Joe Biden Michigan’s Whitmer Says She Believes Joe Biden On Assault Claim DNC chair on requests for Biden records: "This is like the Hillary emails" Tara Reade says 'creepy' voice messages, online harassment targeting her, family
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The smoke-filled room that could oust Joe Biden
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Trump campaign split on how to attack Biden
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Democrats need to rethink their coronavirus strategy or they could lose the White House
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Fearing Political Peril, Republicans Edge Away From Trump on Pandemic Response
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Judge cancels hundreds of oil, gas leases in Montana
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Chris Cuomo compares Trump’s support for Michigan protesters to his sympathy for Charlottesville Nazis
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Protesters rally in Orange County to denounce Newsom’s beach closure Michigan governor denounces protesters with Confederate flags and swastikas Birx: Protesters not practicing distancing is "devastatingly worrisome" Newport Beach joins fight against Newsom’s Orange County beach closure order Warmer weather and debate over restrictions drive Americans outside while coronavirus cases rise In beach closure, some in Orange County see overbearing hand of the ‘nanny state’ Will Orange County enforce Newsom beach closure? Officials vow a fight Pilot Spells Out FU in Sky for Gov. Whitmer Michigan has highest coronavirus fatality rate in US as protests continue Anti-quarantine protesters are being kicked off Facebook and quickly finding refuge on a site loved by conspiracy theorists The Auschwitz slogan 'Work sets you free' seen at the Re-Open Illinois protest aimed at governor, JB Pritzker, who is of Jewish descent Group hugs are the latest weapon of the anti-lockdown protesters City Ends Requirement for Customers to Wear Masks, Says Employees Were Threatened with Violence People Coughed at Officers Who Told Them to Leave Playground Closed by COVID-19 Divisions continue in states reopening amid coronavirus
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Michael Lewis: ‘Trump is like a psycho dad to America’
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How voting by mail could save the US election
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TX AG warns local officials against encouraging vote-by-mail due to coronavirus fears
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Pressure mounts on Trump to “drop the hammer” on China
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Terrorist threats rise amid coronavirus pandemic
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The Senate doesn’t have enough coronavirus test kits — but it doesn’t want ones from the White House
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Nursing Homes:

70 Died at a Nursing Home As Body Bags Piled Up. This Is What Went Wrong.
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The ‘forgotten’ care home victims of coronavirus
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NYC: Nearly 100 Dead in Nursing Home
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Nursing homes have accounted for 1 in 3 deaths in Florida, new data reveals
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After refusing for weeks, Florida reveals flurry of deaths at individual nursing homes, ALFs
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Nursing Homes May Have 20,000 Dead
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Utilities:

Trump Declares National Emergency As Foreign Hackers Threaten U.S. Power Grid
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As PG&E Fire Survivors Near Deadline to Vote on Settlement, Some Still Don't Have Ballots
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PG&E Will Replace Most of its Board After It Exits Bankruptcy
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PG&E victims’ lawyer scrutinized over Wall Street connections
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Judge orders PG&E to overhaul power line inspections
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PG&E Corporation Reports First-Quarter 2020 Financial Results
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It's Finally Time To Buy PG&E
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Transit:

Transportation Isn’t Going to Be the Same after Pandemic: Study
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Hotels:

Hotels are selling credits and 'bonds' for future discounted travel in order to stay afloat during coronavirus shutdowns
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Coal:

Union fights Consol's challenge to Murray bankruptcy filing
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Movies:

Cinema In Crisis: Inside The Fight To Reclaim America’s Movie Night
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Satellites:

The lessons of satellite bankruptcies
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Amazon eyes OneWeb
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Economy:

'A buying spree of epic proportions': How the Federal Reserve bucked precedent and forever changed its role in the US economy
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A mind-boggling 30 million people have filed for unemployment in 6 weeks. There are likely more without jobs.
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April Jobs Report Likely to Show Highest Unemployment Rate on Record
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How Virus Changed Consumer Spending
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Why Shoppers Are Swerving Between Saving and Splurging
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Congress Squaring Off Over Priorities for Next Virus Aid Measure
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Kudlow says third round of PPP small business loans might be needed as demand soars
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SBA Touts More Small Businesses Getting Relief Funds in New Data
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PPP Loan Fees for Banks
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Buffett: US Economy Will Win in the End Putting the economy back together again: What the future holds for Americans
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Buffett stays on sidelines with cash pile rising to US$137B Buffett on why he hasn’t made big moves: ‘We don’t see anything that attractive’ Buffett's chance for a blockbuster deal faded as Fed stepped in Warren Buffett discussed bailouts, coronavirus, and selling airline stocks at Berkshire Hathaway's annual meeting. Here are the highlights Berkshire Hathaway didn't buy the coronavirus dip ‘We do not know exactly what happens when you voluntarily shut down a substantial portion of your society’ Buffett says Warren Buffett is not making deals - and we should be worried Warren Buffett’s Optimistic? Pessimistic? No, Realistic
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Berkshire Hathaway Reports Huge First-Quarter Loss
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The US just reported its deadliest day for coronavirus patients as states reopen, according to WHO US coronavirus data is at odds with Trump’s push to get the economy back up and running New York's Cuomo warns against 'blindly' reopening states If You’re Going to Open Your State, Please Collect Data After so many sacrifices, some Californians draw the line at closing beaches Florida county's medical examiner begged officials to close beaches, internal emails reveal Hundreds in Florida Boat Parade from Jupiter to Mar-a-Lago Photos show crowded Galveston beaches, Seawall after Abbott's order reopens island destination Huntington Beach mounts legal fight against Newsom closure of O.C. beaches A bioethicist on why reopening states will kill more black people Texas tops 1,000 new cases for third straight day Texas Eases Virus Lockdown The US records its highest daily death toll as almost 20 states ease lockdown restrictions, WHO reports These photos show thousands flocking to New York's parks over the weekend after Mayor de Blasio said that good weather 'is very much a threat to us' Mississippi's governor backtracked on ending the state's lockdown after the state saw its biggest increase in coronavirus deaths and cases 34 days of pandemic: Inside Trump’s desperate attempts to reopen U.S. Inside the Risky Race to Reopen Nevada’s Brothels Apple Data Shows Shelter-In-Place Is Ending, Whether Governments Want It To Or Not Ground Zero of U.S. Outbreak to Extend Stay-Home Order to May 31 Folsom Asks Gov. Newsom To Let Them Reopen, Citing Money Woes Maryland resists pressure to reopen quickly as numbers of deaths, infections rise throughout region
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The coronavirus pandemic could last up to 2 years, according to US experts. They predict we may see a 2nd, larger wave of infections this fall New report says coronavirus pandemic could last for two years – and may not subside until 70% of the population has immunity
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Here's How Scientists and Public-Health Experts Recommend the U.S. Gets Back to 'Normal'
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Business Is Far From Usual as Large Swaths of the U.S. Reopen
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Gallup New Mexico on Full Lock Down A New Mexico city has closed its borders to outsiders after becoming a COVID-19 hotspot
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Jersey Shore towns cite virus to keep outsiders off their beaches
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A coronavirus antibody test that is more than 99% accurate is now cleared for emergency use in the US, easing concerns of false positives that hindered earlier tests Alarm bells ring over controversial COVID testing
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Most states fall short of coronavirus testing thresholds
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I've been covering the coronavirus for months. I'm telling my family to expect rounds of lockdowns over the next 2 years, and probably no vaccine.
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100 Vaccines in the Works, 8 in Trials
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Fears rise that Trump will incite a global vaccine brawl
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What happens if a coronavirus vaccine is never developed? It has happened before
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Covid Exit Strategy Depends on Getting Vaccine to Whole World
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Think Twice, Mnuchin Tells Prep Schools Seeking Virus Loans
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Texas Hotelier Got $76M in SBA Loan Trump Donor Whose Hotels Won Small-Business Loans Returns Money Monty Bennett, Trump donor and largest recipient of PPP funds, will return money
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Everyone is focusing on the wrong problem with the PPP program
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Small Firms Still in Dark on SBA Loan Forgiveness as Clock Ticks
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Thousands of foreign workers are mistakenly getting stimulus checks from the IRS, new report says
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How Bailout Backlash and Moral Hazard Outrage Could Endanger the Economy
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Biden, Warren Slam Trump’s Weak Coronavirus Stimulus Oversight
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Leaderless Watchdog for $500 Billion in Aid Preps for Disclosure
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Fed Rebuked Over Loan Terms That Don’t Explicitly Bar Layoffs
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Everything we know about unemployment benefits during the coronavirus pandemic
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The US government is adding $600 a week to unemployment pay during the pandemic, but it's not tax free
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The stimulus isn’t working. Here’s how the government can still fix it
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Small-business owners could face jail time as DOJ launches investigation into coronavirus loan program
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‘I have a mortgage to pay’: Sex workers banned from small-business loans under CARES Act due to ‘prurient sexual nature’
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Pulitzer winner Chris Hedges: These "are the good times — compared to what's coming next"
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Why millions of older workers will pay a big financial price—forever—from the coronavirus
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'We don't know how it will end': Hunger stalks amid virus
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COVID-19 crisis sparks ‘early retirement’ wave
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Republicans literally want to work Americans to death
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How this company totally transformed its business model to survive the coronavirus
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The coronavirus pandemic has fragmented Gen Z into 4 distinct groups — and each one is dealing with a different set of challenges
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McConnell’s threat is a warning for Social Security and Medicare Ready for Your 24% Cut to Social Security?
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'Tell the hotels they are commandeered.' Homeless activists are losing patience with L.A.
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The Pandemic Isn’t Changing Everything
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The Big Keep Getting Bigger in the Pandemic-Rearranged Economy
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Trump, Fed May Destroy Banking System
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US Debt Clock
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World Debt Clock
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How People Really Live
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Real Estate:

District Court Bars Assignment by Sears, Provision in Lease Cannot Supersede §365(b)(3)(A)
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May Is The Month Of Reckoning For Retail Landlords, Tenants
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Housing market faces its next crisis as May rent and mortgages come due
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200,000 Rent Strikes in America
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Construction Work Resumes, But Demand Weakens
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Here's how much home prices will drop over the next year — and when they're expected to hit bottom
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Applying for a Mortgage? Good Luck! Coronavirus Has Made It Harder To Qualify
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Municipalities:

From Houston to New York, America’s Muni Finances Are in Tatters
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Chapter 9 Bankruptcy Protection: The Final Option for Municipalities?
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Mitch McConnell could yet pay price for 'tone deaf' coronavirus response Kentucky is Biggest Moocher State in America
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California Governor: Expect Budget Gap in ‘Tens of Billions’
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Texas Sales Tax Revenues Fell 9.3% in April
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U.S. Rep. Sylvia Garcia predicts cities and local governments could be facing bankruptcy
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Florida governor: Coronavirus pandemic 'should not be used to bail out state obligations' that preceded outbreak
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Why Filing Bankruptcy Would Be No Quick Fix for States
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Congress needs to send state governments billions of dollars to avoid an economic disaster
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We surveyed the 'rainy day' funds of 6 states to see how prepared they were for a major emergency. The results paint a grim picture for the country's economic recovery.
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‘Armageddon in Atlantic City’: Trump’s former casino town facing ruin again
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Imagining New York, for worse and better, after the coronavirus pandemic
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A State Pension Bailout Even Mitch McConnell Can Support
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Oil/Gas:

Key Considerations for Midstream Companies Facing Distressed Producers
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The Great Shale Shut-In Has Begun, Making Good on Trump’s Pledge
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Analyst: Houston drilling co.'s bankruptcy could last a while, and that might be what it wants
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U.S. oil prices trade more than 7% lower as traders say China-U.S. relations a source of tension for crude
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The Problem with OPEC's Production Cuts
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Oil's Recovery Could Take Decades, Not Years
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Philly Refinery Owner Accused Of Ch. 11 'Bait & Switch'
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America’s fracking boom flounders as global prices and demand collapse
(DBN)

Judge Ends Oil Leases on 145K Montana Acres
(DBN)

Goldman tells oil bulls to be patient, expects 3-stage oil rally after 'violent rebalancing'
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Baker Hughes reports a seventh straight week decline in the U.S. oil-rig count Rig count slides near 400; lowest since mid-2016
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Biggest Commodity Index Shifts WTI Crude Exposure Away From July
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Saudi Outlook Cut to Negative at Moody’s After Reserves Tumble
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Student Debt:

DeVos sued for seizing student loan borrowers' wages during pandemic
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Not all student loans qualify for forbearance under the CARES Act. Here are the ones that do and don't.
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Healthcare:

Financial distress among doctors and hospitals - despite covid-19 - weighs heavily on economy
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Small towns and rural hospitals brace for their coronavirus peak, which could be weeks away Rural Counties Seeing Faster Growth in COVID-19 Cases, Deaths
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Why Virus Slams Some Areas, but Not Others
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U.S. coronavirus caseload has held steady
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Coronavirus Data in the U.S. Is Terrible, and Here’s Why
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Ex-FDA head says mitigation hasn't worked "as well as we expected"
(DBN)

Michigan has the nation's highest COVID-19 death rate
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New York Coronavirus Hospitalizations Hit Lowest Level In Over A Month
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Mike Pence acknowledges he made a mistake by visiting patients without a mask, but health-care workers say Mayo Clinic has serious soul-searching to do
(DBN)

An Uneven Curve Flattening, With Manhattan Ahead of the Bronx New York Reports 280 New Virus Deaths, Falling Slightly New York’s New Deaths Rise to 299; Cuomo Calls It ‘Bad News’
(DBN)

A nursing home in New York was forced to order a refrigerator truck to store corpses after reporting 98 coronavirus deaths in 'horrifying' outbreak
(DBN)

Kudlow defends claiming U.S. had coronavirus "contained" in February
(DBN)

CDC official admits that due in part to limited testing and delayed travel alerts, the US missed chances to slow the spread of the coronavirus
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‘Unimaginable:’ This is what it’s been like for funeral directors in New York City
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Teen given three months to live after being diagnosed with rare cancer has treatment suspended due to coronavirus
(DBN)

Justice Department looks into White House-linked doctor touting disputed remedy
(DBN)

Medical students graduate early to join coronavirus front lines
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Younger adults are getting seriously sick and ending up in the hospital because of the coronavirus, and it's alarming doctors
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A 12-year-old whose coronavirus nightmare began with unusual stomach pains and her lips turning blue said she 'died and came back' after a heart attack
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'Happy hypoxia': unusual coronavirus effect baffles doctors
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‘False Dawn’ Recovery Haunts Virus Survivors Who Fall Sick Again
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Mysterious strokes among young COVID-19 patients
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Lockdowns save lives. The evidence is clear around the world.
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20% of New Yorkers Have Been Infected
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Surgeon General warned against face masks but CDC now recommends it
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After a Lifetime Together, Coronavirus Takes Them Both
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Michael Santos went to the hospital to get checked out for the coronavirus. He wound up with a $1,689 bill.
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American hospitals have lost dozens of medical workers to the coronavirus. Here are some of their stories.
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Instead of bidding against each other, New York and six other states are pooling their purchasing power to buy ventilators, protective gear, and coronavirus tests
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Russia is charging the US $660,000 for a planeload of supplies like gas masks, gloves, and antiseptic after confusion about whether they were donations or not
(DBN)

How a low-cost ventilator was created, FDA-approved, and made its way to New York hospitals in 30 days
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A paramedic drove 1,800 miles to help fight covid-19. Sunday, a funeral procession carried him home.
(DBN)

Colorado kept a large shipment of COVID-19 tests 'under wraps' so the federal government wouldn't take them, governor says
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She Predicted the Coronavirus. What Does She Foresee Next?
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The pandemic has made the US healthcare crisis far more dire. We must fix the system
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Government researchers changed metric to measure coronavirus drug remdesivir during clinical trial Gilead CEO says remdesivir available to coronavirus patients this week: ‘We’ve donated the entire supply’ Hopes for Remdesivir May be Misplaced Gilead has yet to set a price for the coronavirus treatment remdesivir, but an influential drug pricing watchdog says it could be worth up to $4,500 per patient
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Health officials eyeing at least one of 14 potential coronavirus vaccines to fast-track
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How the White House and World Health Organization got into a funding feud during a global pandemic
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How Trump Gutted Obama’s Pandemic-Preparedness Systems
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Sports:

Americans paying for TV sports they’re not receiving -- don’t expect refunds
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NFL set to release full 17-week schedule next week, league spokesman says
(DBN)

The US will likely see the return of NASCAR and the PGA before football, basketball, and hockey amid the coronavirus pandemic. Here's why.
(DBN)

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Consumer Finance:

Troubled Online Loans Continue To Spike Higher, New Data Shows
(DBN)

____________

Education:

Colleges Won’t Refund Tuition. Autumn May Force a Reckoning.
(DBN)

What having Zoom prom is really like, according to 3 high schoolers who had their dances canceled due to the coronavirus
(DBN)

____________

Trucking:

Denial of PPP Loan Makes Matters Worse for Dancor Transit
(DBN)

____________

Dairy:

DOJ Allows Mega Dairy Deal But With Divestments
(DBN)

____________

Alternative Energy:

How coronavirus 'blows holes' in clean energy projects
(DBN)

Coronavirus crisis hits solar and wind energy industry
(DBN)

____________

New Bankruptcy Opinions
(8 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (13 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (28 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 ME: Updated Filing Statistics
(DBN)

Experts predict flood of bankruptcies in region in coming months
(DBN)

Thousands To File For Bankruptcy: What All CFOs Should Know
(DBN)

Sectors at risk of Covid-19 bankruptcy
(DBN)

Coronavirus Bankruptcy Tracker: These Major Companies Are Failing Amid The Shutdown
(DBN)

______________

Avoidance Actions:

Fraudulent Transfers and Constructive Fraud in the Contracts and Torts Contexts
(DBN)

Delaware Bankruptcy Court Limits Avoidance Action Recoveries to Creditors’ Total Claims
(DBN)

____________

Bankruptcy Reform:

Small Business Bankruptcies: New Beginnings in The Midst of Covid-19
(DBN)

The CARES Act's Expansion of Relief for Small Business Debtors
(DBN)

____________

Litigation:

Do The ‘Boring’ Logistical Work Or Suffer As A Trial Lawyer
(DBN)

____________

Tax:

The IRS Denies Tax Deductibility of Business Expenses Paid With Forgiven PPP Loans
(DBN)

Trump's New Tax Plan: Help Rich, Soak Poor
(DBN)

____________

Valuation:

First Circuit Clarifies That When Determining The Value of Legal Claims as Collateral, a “Gallimaufry” of Factors Must Be Addressed to Meet Burden of Proof
(DBN)

____________

Finance:

Hidalgo County EMS says banks will not accept the company's Paycheck Protection Program loan application, despite bankruptcy judge's approval
(DBN)

Chapter 11 Debtors Clash with the SBA Over PPP Eligibility
(DBN)

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Aviation:

Warren Buffett says Berkshire sold all its airline stocks because of the coronavirus Buffett says he dumped entire airline sector stake: ‘The world changed for airlines’
(DBN)

How coronavirus will forever change airlines and the way we fly
(DBN)

An $85 Billion Airline Rescue May Only Prolong the Pain
(DBN)

A Guide to $85 Billion in Global Airline Bailouts
(DBN)

Southwest Airlines CEO says worst of pandemic over for company: ‘I don’t think June will be a good month...hopefully it will be a bit better than May’
(DBN)

United Airlines Plans For ‘Zero Net Demand’ To Continue Into 2021 While Hoping It Doesn’t
(DBN)

United Launches Plan To Cut At Least A Third Of Its Pilots
(DBN)

Easyjet founder warns shareholders their stakes will soon be 'worthless'
(DBN)

The non-bailout: How the Fed saved Boeing without paying a dime
(DBN)

Airport Screeners May Check For Fever Under Plan Being Discussed
(DBN)

China Won’t Rescue Embraer. Boeing May Remain Its Best Hope.
(DBN)

Why an airline CEO thinks Hawaii is poised for a major tourism boom after the pandemic, but his won't be part of it
(DBN)

A private jet operator says it plans to offer pre-departure coronavirus tests to passengers 'very soon'
(DBN)

South African Airways Says Government Exploring Funding Options South African Airways could shed staff from May 12 -rescue specialists
(DBN)

Lufthansa Expects to Reach Deal on German Government Aid Soon
(DBN)

EU approves 7 billion euros in French state aid to Air France
(DBN)

Iceland Support for Icelandair May Involve Taking Stake, PM Says
(DBN)

Norwegian Air Nearer to Rescue Deal as Bondholders Support Plan Norwegian Air Owners Approve Crisis Plan to Keep It Alive
(DBN)

Airbus Has No Need for Immediate State Support, France Says
(DBN)

Paris-Orly Airport May Not Reopen Before Late September
(DBN)

Philippines Halts All Overseas Flights From May 3 Amid Lockdown
(DBN)

____________

Agribusiness:

Wasted milk, euthanized livestock: Photos show how coronavirus has devastated US agriculture
(DBN)

Coronavirus coffee farmer: 'We're definitely scared'
(DBN)

____________

Tourism:

Hawaii Travel Paradise Is Deserted, With Recovery Further Off
(DBN)

____________

Fraud:

Corrupt CEO Selling Off Car Collection
(DBN)

Jerome Corsi May Have Accidentally Emailed Former Mueller Prosecutor Evidence of Coronavirus-Related Fraud
(DBN)

U.S. Fights Separate Trial for Loughlin, Others in College Scam
(DBN)

____________

Financial Literacy:

The Resurgence of Calls For Financial Literacy
(DBN)

____________

Autos:

Other Automakers Paid Tesla a Record $354 Million Last Quarter
(DBN)

Nissan to Retrench Further
(DBN)

Automakers got a bailout after the last recession, what's their strategy this time around?
(DBN)

Elon Musk just declared that he's selling almost all his physical belongings and 'will own no house' and that he thinks Tesla's stock price is 'too high'
(DBN)

Automakers Avoid Disaster Using 0% Financing Like Never Before
(DBN)

____________

Entertainment:

Streaming services face an economic reckoning after COVID-19
(DBN)

____________

Cruise Lines:

Hundreds of cruise crew members have been stuck on ships for months, and they say there's no end in sight
(DBN)

____________

Sovereigns:

Immunity, Necessity and the Enforcement of Italian Debt in the Era of Covid-19
(DBN)

President Macron never intended to cancel African debt
(DBN)

Coronavirus pandemic strikes blow to EM sovereign prospects
(DBN)

A solution to the looming debt crisis in emerging markets
(DBN)

____________

UK:

People in the UK may have to cut down their social groups by 90% to stop coronavirus from spreading, scientists warn
(DBN)

Boris Johnson says doctors were prepared to announce his death during ICU stint
(DBN)

UK says virus lockdown to be lifted gradually U.K. to Publish Back-to-Work Plans as Firms Press for Help
(DBN)

U.K. Won’t Be Back to Normal Soon as Government Readies Guidance
(DBN)

U.K.’s Raab Says to Start Free Trade Talks With U.S. This Week
(DBN)

U.K. Plc Issued More Profit Warnings in 1Q Than in All 2008: EY
(DBN)

This Shopkeeper Knows Why Britain's Business Rescue Fell Flat
(DBN)

Just after Elon Musk denounced coronavirus lockdowns as infringements of freedom, research shows Britons are too scared to leave their homes anyway
(DBN)

____________

EU:

The coronavirus pandemic makes it clear: Europe must decide between the US and China
(DBN)

Europe’s Declining Virus Deaths Spur Tensions on Easing Limits
(DBN)

Europe begins to cautiously reopen despite fears of new outbreak
(DBN)

____________

PIIGS:

Italians Fear a Bleak Future
(DBN)

Stir-Crazy Italians Ask, Who Will We Be Allowed to Visit Now?
(DBN)

Italy reports lowest daily death toll since first day of lockdown Italy’s Virus New Cases Stable as Deaths Rise to 11-Day High
(DBN)

As Italy Reopens for Business, Some Workers Ask, What About Us?
(DBN)

Spain Reports Fewest New Virus Deaths in More Than Six Weeks
(DBN)

____________

Canada:

Reitmans seeks new money, warns on its future as losses grow
(DBN)

Wary workers are trying to keep a big Alberta beef plant shut
(DBN)

____________

South Korea:

South Korea's Widespread Testing And Contact Tracing Lead To First Day With No New Cases South Korea has brought new coronavirus cases under control. It’s taking steps to reopen public life South Korea is relying on technology to contain COVID-19, including measures that would break privacy laws in the US — and so far, it's working
(DBN)

North Korea and South Korea exchange gunfire across the DMZ for the first time since 2017
(DBN)

____________

Russia:

Russia sees record rise with 10,633 coronavirus cases in 24 hours
(DBN)

Russia is rapidly becoming one of the world's coronavirus hotspots
(DBN)

Russia has a huge fund for times of crisis, but Putin is hesitating on a sweeping rescue plan
(DBN)

____________

China:

China Spends $600 Bn to Beat US Economy
(DBN)

Dining out in China has drastically changed since lockdown restrictions have lifted, and it offers a glimpse into what lies ahead for US restaurants
(DBN)

U.S. Probes University of Texas Links to Chinese Lab Mike Pompeo says there's 'enormous evidence' COVID-19 originated in a Chinese lab even though intelligence officials have said there's none A US researcher who worked with a Wuhan virology lab gives 4 reasons why a coronavirus leak would be extremely unlikely
(DBN)

US intel believes China hid severity of coronavirus epidemic while stockpiling supplies
(DBN)

'Once Upon a Virus': China mocks U.S. coronavirus response in Lego-like animation
(DBN)

Robots and cameras: China's sci-fi quarantine watch
(DBN)

____________

Noth Korea:

Kim Jong Un Finally Shows Up
(DBN)

____________

Singapore:

Singapore to Ease Restrictions on Some Businesses and Schools
(DBN)

____________

Sweden:

Sweden's gamble on coronavirus herd immunity couldn't work in the US — and it may not work in Sweden
(DBN)

World’s Oldest Central Bank Hits Legal Roadblock in Crisis Fight
(DBN)

____________

India:

Up to 25% of outstanding loans face default risk due to COVID-19: Report
(DBN)

Forty Days That Prompted Indian Companies to Write-Off a Quarter
(DBN)

Modi Meets Ministers to Finalize Steps to Revive Indian Economy
(DBN)

____________

France:

COVID-19 Pandemic Prompts Changes to Rules Applicable to Distressed Companies
(DBN)

Virus Costs French State Rail Company 2 Billion Euros So Far
(DBN)

____________

Australia:

Bankruptcy law changes to provide relief
(DBN)

____________

Argentina:

Argentina to Work With Debt Holders If Offer Rejected, Minister Says
(DBN)

Argentina cannot afford to pay creditors more
(DBN)

Government claims support for debt swap offer is growing
(DBN)

Guzmán asks Argentina's creditors to 'avoid destructive patterns of the past'
(DBN)

____________

Hong Kong:

People arriving in Hong Kong must wear tracking bracelets for 2 weeks or face jail time. Here's how they work.
(DBN)

Hong Kong’s Chan Warns City Could Face Deepest Slump on Record
(DBN)

Clock runs out on troubled Hong Kong businesses as court reopens
(DBN)

____________

Brazil:

President's 'So what?' as 5,000 die sparks fury in Brazil
(DBN)

Bolsonaro Cheers on New Protest With Brazil Virus Toll Mounting
(DBN)

____________

MENA:

Distressed Debt Deals May Rise to 2009 Levels in Crisis-Hit Gulf
(DBN)

Jordan Economy to Shrink 3.4% in 2020, Finance Minister Says
(DBN)

Israel’s Emergence From Lockdown Mapped Out by Finance Ministry
(DBN)

No touching, sharing or borrowing pencils: In Israel, families wonder if back to school means back to normal
(DBN)

Israel’s Biggest Energy Company Hit With ‘Going Concern’ Warning
(DBN)

Saudi Stocks Slump as Minister Warns of ‘Painful’ Measures Ahead
(DBN)

Iran to Re-Open Mosques and Some Schools in Low Virus Districts
(DBN)

Directors and managers duties - in good times and in bad
(DBN)

____________

Germany:

Germany Reports Fewest New Virus Cases, Deaths Since March 31
(DBN)

____________

Japan:

Japan Will Detail Plans on Monday for Restarting Its Economy
(DBN)

____________


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