November 10, 2020

The Daily Bankruptcy News

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Due to the Veterans Day holiday, The Daily Bankruptcy News will not publish on Wednesday November 11, 2020



Law:

Biden will be first president since Taft to have a law degree outside T-14; his law prof saw ‘presence’
(DBN

Meet Gritty, Your New Civ Pro Professor
(DBN)

Dentons Bingham DQ Overturned In Bankruptcy Case
(DBN)

Deloitte, Epstein Becker Alliance Hit Overdrive During Covid-19
(DBN)

Lawyer Collapses And Dies Of Heart Attack During Zoom Hearing
(DBN)

Will Doug Emhoff Leave His Job As DLA Piper Partner To Become Unpaid ‘Second Gentleman’?
(DBN)

Bar Association Pitches Mandatory COVID Vaccination While Opponents Demand More Deaths To Appease Moloch
(DBN)

Man featured at Giuliani press conference is a convicted sex offender
(DBN)

Trump campaign summons staff and vows to keep fighting election results
(DBN)

Trump’s Legal Blitz Isn’t Contesting Enough Votes to Win
(DBN)

GOP-led states back Trump’s legal drive to challenge election
(DBN)

Trump Campaign Rubs Soothing Balm Of Pointless Lawsuits On President’s Bruised Ego
(DBN)

Growing Concerns at Trump Law Firms
(DBN)

Trump Allies Brace for 30 Day Legal War
(DBN)

DOJ's top election crimes prosecutor quits in protest after Barr tells federal attorneys to probe unsupported allegations of voting irregularities
(DBN)

Lawyers Sound the Alarm as 'Off the Rails' AG Barr Caters to President Trump's Baseless Fraud Narrative: 'A Straightforward Abuse of Power' Without Evidence, Barr Tells Prosecutors to Probe Voting Irregularities
(DBN)

GOP Election Attorney: No Evidence of Fraud
(DBN)

GOP State AGs to SCOTUS: Rule on Election
(DBN)

Here are the GOP and Trump campaign’s allegations of election irregularities. So far, none has been proved.
(DBN)

Biglaw Partner On Fox News Peddling Tales Of Voter Fraud
(DBN)

Trump supporters launch disparate efforts to fight results as no GOP or Trump allegations of irregularities have been proved
(DBN)

Trump Campaign Botches Appeal of Michigan Judge's Ruling on 'Inadmissible Hearsay within Hearsay'
(DBN)

Non-Lawyer Coordinating Trump Campaign’s Legal Strategy Tests Positive for COVID-19
(DBN)

Trump can still make it very hard for the FBI to investigate him next year
(DBN)

The T14 GOP Lawyer Single-Handedly Holding Up The Joe Biden Transition Little-Known Trump-Appointee’s Refusal to Recognize Biden’s Victory Halts Transition Process Why Donald Trump’s Refusal to Give Biden Keys to Office Space Matters Refusing to concede, Trump blocks cooperation on transition
(DBN)

Alito orders segregation of some Pennsylvania ballots; is it a ‘nothingburger’?
(DBN)

Trump Campaign Files Federal Lawsuit Seeking to Block Pennsylvania from Certifying Election Results
(DBN)

Voters across US approve measures on police reform and criminal justice
(DBN)

Several reform prosecutors win election throughout US
(DBN)

CNN Quotes Alan Dershowitz's Memoir in Motion to Dismiss His Defamation Lawsuit
(DBN)

Baton Rouge police places three officers on leave after LSU football player's abuse claim
(DBN)

Appeals Court Hands Ghislaine Maxwell Sharply-Worded Setback in Litigation Over Protective Order
(DBN)

Quinn Emanuel no longer represents Steve Bannon after he suggests beheading Dr. Fauci ‘Repugnant’ Conduct Allows Bannon Lawyer to Quit, Rules Say
(DBN)

Pennsylvania Supreme Court to Consider Poll Observer Challenge
(DBN)

AR: Police Chief Demands Death to All Dems
(DBN)

Now We Can't Find Parents of 666 Migrant Kids
(DBN)

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Judges:

Biden has pledged to nominate a black female SCOTUS justice—who are the possibilities?
(DBN)

Supreme Court Justices Appear Skeptical of Trump Administration's Arguments in Immigration Case
(DBN)

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Wall Street:

Dow futures rise 200 points, but Nasdaq futures fall 1% as market rotation out of tech continues
(DBN)

Dow climbs more than 800 points as vaccine news, Biden victory rev up markets U.S. stocks climb as vaccine hope tempers lockdown fear
(DBN)

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Layoffs:

Disneyland furloughs more workers, citing 'limbo' on reopening
(DBN)

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Politics:

Trump campaign adviser: Conceding ‘is not even in our vocabulary right now’
(DBN)

Lindsey Graham's curious and conspiratorial argument for why Trump should fight election results
(DBN)

Trump’s Trumpy Transition Saps Biden and Himself
(DBN)

70% of GOP Think Election Wasn't Fair
(DBN)

Ivana: He's Not a Good Loser
(DBN)

From tech titans to business groups, congratulations roll in for Biden and Harris The world recognizes Joe Biden as the president-elect Kremlin: Putin won't congratulate Biden until challenges end
(DBN)

Trump fires Esper by tweet after repeated clashes Trump announces ouster of Mark Esper on Twitter In unprecedented move, Trump fires Defense Secretary Esper after less than 2 years
(DBN)

Michele Bachmann goes berserk: ‘I ask God’ to ‘take your iron rod’ and ‘smash the delusion that Joe Biden is our president’
(DBN)

Many Trump Allies Quietly Admit Defeat
(DBN)

Biden may have trouble unearthing Trump’s national security secrets
(DBN)

Trumpism expanded the GOP tent. Don't expect Republicans to abandon it now.
(DBN)

The long love affair between Fox News and Trump may be over. Here's how it ended last week 'What is happening?': A Fox News anchor frowns and rolls her eyes while a guest questions the election results
(DBN)

Jacob Wohl and Jack Burkman Drop Their Appeal of Judge's Scorching Decision on Fake Robocalls
(DBN)

Georgia Republicans Heading to Runoff Elections Desperately Attack Republican Secretary of State
(DBN)

Trump Campaign Has Been Fundraising Heavily Off of Election Lawsuits. Legal Experts Say Buyer Beware.
(DBN)

McConnell Says Trump Within Rights to Challenge Election Results
(DBN)

Pence Plans Trip to Florida Vacation Spot as Trump Contests Vote
(DBN)

'Cash-poor': Brad Parscale reportedly denies leaving Trump campaign on verge of bankruptcy
(DBN)


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Trucking:

Carriers owed money after company files for bankruptcy
(DBN)

____________

Tech:

Google Created An App That Lets Creditors Lock Your Financed Phone
(DBN)

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Maritime:

Mid-Sized Shipyards Consolidating and Restructuring due to Downturn
(DBN)

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Awards:

Ballard Spahr’s George Singer Named Fellow of American College of Bankruptcy
(DBN)

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Celebs:

Bankrupt Boris Becker hands the keys to his £9million Majorcan luxury villa back to British bank as part of his insolvency case in the UK
(DBN)

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Mass Torts:

Bayer makes 'substantial progress' in Roundup cancer lawsuits, mediator says
(DBN)

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Economy:

Fed Warns Assets at Risk of Big Declines If Virus Goes Unchecked
(DBN)

U.S. consumers' views on labor market mixed, New York Fed survey shows
(DBN)

Biden may face pressure to reshape Powell's Fed in first year
(DBN)

Corporate America says it is ready to work with Biden
(DBN)

With pick for treasury secretary, Biden will tip hand about his economic agenda
(DBN)

U.S. still faces possible default wave, asset declines due to pandemic: Fed
(DBN)

BAI and NFCC Research Finds More Than Half of Americans Having More Difficulty Paying Down Debt More Than Six Months into COVID-19
(DBN)

US corporate credit joins in Covid vaccine rally
(DBN)

Global economic forecasts turned 'upside down' by vaccine news
(DBN)

Biden Inherits Economic Laggards That Helped Doom Trump Campaign
(DBN)

Zoom’s Yuan Loses Billions as Vaccine Hope Hammers Covid Winners
(DBN)

Mitch McConnell is reportedly taking the lead on stimulus negotiations as the Trump administration sits out President-elect Joe Biden's first stimulus plan may underwhelm by trillions: Goldman Sachs McConnell Calls for Smaller Stimulus After Pfizer Vaccine Data Vaccine News Doesn’t Mean Congress Is Off the Hook Vaccine news may weaken need for U.S. stimulus, but help still needed - investors
(DBN)

Murphy announces new restrictions on indoor dining in New Jersey as Covid cases surge
(DBN)

N.Y. Restaurants Fail to Upend Cuomo Rules on Indoor Dining
(DBN)

'We'll go back to relatively normal:' Bridgewater's Dalio assesses U.S. outlook amid coronavirus
(DBN)

EU imposes $4 billion tariffs on U.S. products despite Biden victory EU 'regrettably' hits U.S. with tariffs, seeks better Biden ties
(DBN)

America’s Least Educated Face Worst Job Expectations Since 2014
(DBN)

Financial world cheers the election result (and the tax increases it may impede).
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

Losses continue for South Jersey mall operator PREIT
(DBN)

REIT Investors Must Follow CBL & Associates Bankruptcy Case
(DBN)

Mall owner CBL revamps debt in bankruptcy after virus shutdowns
(DBN)

This Buffett-Owned REIT Is Still Floundering in the Pandemic
(DBN)

JPMorgan Relaxes Mortgage Curbs With U.S. Housing Prices on Rise
(DBN)

Couple appeal judge's bankruptcy-case ruling
(DBN)

Biden and Commercial Real Estate: 4 Intersections to Watch
(DBN)

The CRE Community Awaits a Biden Administration
(DBN)

Blackstone’s Co-Head of Real Estate describes the post-pandemic office
(DBN)

____________

Municipalities:

States and Localities Shouldn't Count on More Federal Aid
(DBN)

____________

Oil/Gas:

Lilis Energy Announces Ameredev Texas LLC as Winning Bidder for Substantially All of Its Assets in Competitive Auction as Part of Chapter 11 Process
(DBN)

Denver oil, gas producers Bonanza Creek and HighPoint Resources announce $376M merger Bonanza Creek Announces Transformative Agreement to Acquire Restructured HighPoint Resources Bonanza Creek Announces $376M Merger With HighPoint HighPoint Resources Reports Third Quarter 2020 Financial and Operating Results
(DBN)

Oil soars 8% on promising COVID-19 vaccine results
(DBN)

____________

Healthcare:

Astria Health closer to emerging from bankruptcy
(DBN)

What President-elect Biden’s victory means for the future of Obamacare GOP tries again to get high court to ax health care law
(DBN)

President-elect Biden announces coronavirus task force made up of physicians and health experts Biden picks 3 Yale-connected doctors to lead national coronavirus task force
(DBN)

Biden says vaccine approval process must be guided by science
(DBN)

Fauci calls Pfizer coronavirus vaccine findings 'extraordinary,' report says Pfizer vaccine brings vision of relief even as pandemic rages on Pfizer Vaccine Results Leave Questions About Safety, Longevity Pfizer Vaccine’s Funding Came From Berlin, Not Washington Potential approval of Pfizer vaccine still several weeks away: U.S. official
(DBN)

The Case for a Covid Vaccine Lottery
(DBN)

Pence Takes Credit for Vaccine, Told to Get Lost
(DBN)

States Trying to Fix Trump’s ‘Flawed’ Vaccine Plan, Cuomo Says
(DBN)

Coming months will be very rough despite good news on virus vaccine: U.S. doctor
(DBN)

Gottlieb: Coronavirus ‘is about to explode’ before therapeutic counterattack
(DBN)

Coronavirus spread hits record levels in Maryland, Virginia amid national spike
(DBN)

Utah governor declares emergency, issues mask mandate: 'We cannot afford to debate this issue'
(DBN)

Covid Hospitalization Record Near as Midwest, Texas Drive Surge
(DBN)

Covid cases near 10 million in U.S. with no slowdown in sight
(DBN)

Hospitals say they're better prepared for a COVID surge
(DBN)

Biden is expected to unwind dozens of Trump-era health-care changes
(DBN)

President-elect Biden pleads 'wear a mask' to fight coronavirus threat
(DBN)

HUD's Ben Carson tests positive for coronavirus
(DBN)

Ukrainian president tests positive for coronavirus
(DBN)

New York Pulls Country Club’s License Over ‘Superspreader’ Wedding
(DBN)

Gynecologist Guilty of Performing Unnecessary Hysterectomies to 'Feed His Greed'
(DBN)

Covid Rises in Europe, ICU Beds Running Low
(DBN)

____________

Education:

Making up for lost time in America's schools
(DBN)

____________

Religion:

McCarrick: What's known about the abusive US ex-cardinal
(DBN)

____________

Paper Products:

These Two Toilet Paper Companies Just Filed For Bankruptcy
(DBN)

____________

Entertainment:

Disney, AMC and Cinemark had a really good morning because of coronavirus updates
(DBN

Movie theater stocks rebound as drugmakers say vaccine is more than 90% effective
(DBN)

Struggling Movie Theaters See Glimmer of Hope Following Coronavirus Vaccine News
(DBN)

Theater Owners Chief Warns Cinemas Will Go Bankrupt Unless Congress Acts
(DBN)

Vaccine Breakthrough Lifts Distressed, Bankrupt Borrowers
(WSJ)

Will A Biden-Harris Administration Prevent Hollywood's Free-Fall?
(DBN)

____________

Fitness:

Gym Carnage Rolls On With YouFit Chain Filing for Bankruptcy Youfit Health Clubs Files for Chapter 11 Bankruptcy in Delaware
(DBN)

____________

Nursing Homes:

Genesis Healthcare warns bankruptcy is a possibility as Covid-19 woes continue
(DBN)

____________

 


New Bankruptcy Opinions
(6 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (16 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (20 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:

Total Bankruptcy Filing Drop 41 Percent in October from Last Year, Commercial Chapter 11 Filings Increase 4 Percent
(DBN)

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Make-Whole:

Texas Bankruptcy Court Allows Make-Whole Premiums, Post-Petition Interest on Unsecured Claims at Contractual Default Rate
(DBN)

____________

Professional Compensation:

Disgorge Attorney's Fees under 11 U.S.C. Section 329
(DBN)

____________

Tax:

Chapter 11 Corporate Bankruptcy Reorganizations and Tax Controversy: A Primer
(DBN)

IRS erases Roger Stone’s $1 million tax lien after Trump commutes prison sentence
(DBN)

____________

Litigation:

Validity Finance Adds Former Kirkland Ellis Litigator in Houston
(DBN)

____________

Aviation:

Airlines are bringing back inflight snacks and drinks. But should you eat on the plane?
(DBN)

Teamsters says open to Southwest cost-savings talks, denies it walked away
(DBN)

United Airlines to add more flights to meet Thanksgiving surge
(DBN)

Airlines Didn't Refund Tickets, Got Tax Money
(DBN)

Norwegian Air Faces Crisis After State Denies Fresh Rescue Norwegian Air could grind to a halt early next year without cash boost How close is airline Norwegian to bankruptcy? Timeline: Norwegian Air's rise and battle for survival Norwegian Air’s wild ambitions narrow down to survival
(DBN)

Japan Airlines Shares Fall Most Ever After New Share Sale Unveiled
(DBN)

Brazil's Embraer posts $121 million loss on coronavirus travel disruptions
(DBN)

Aeromexico will reactivate travel destinations throughout 2021
(DBN)

Exclusive: FAA in final stages of Boeing 737 MAX review; could approve as early as Nov. 18
(DBN)

Lufthansa launches offering for 525 million euros in convertible bonds
(DBN)

Southwest in talks to buy up to 30 Boeing jets that lost buyers
(DBN)

European tariffs on Boeing planes threaten their deployment in Europe - lessor Boeing calls EU tariff decision 'disappointing,' urges moves to resolve dispute
(DBN)

Air Canada shares soar on vaccine progress, aid talks, despite quarterly loss
(DBN)

____________

Sports:

Sergio Garcia to miss the Masters after testing positive for coronavirus
(DBN)

____________

Mail:

Georgia Runoffs Become Focus of USPS Ballot Delivery Lawsuits
(DBN)

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Climate:

In first for Fed, U.S. central bank says climate poses stability risks
(DBN)

Theta is likely to form soon, breaking the all-time record for busiest hurricane season
(DBN)

Britain hardens climate disclosures for listed companies
(DBN)

Trump Fires Head of Climate Science Report
(DBN)

____________

Utilities:

FirstEnergy Dumps Two Top Lawyers Amid Federal Bribery Probe
(DBN)

____________

Museums:

The Smithsonian takes it slow in reopening museums
(DBN)

____________

Crypto:

Busted Hedges, Alleged Fraud Bankrupt Silicon Valley Crypto Firm
(DBN)

Cred customers demand answers after platform files for bankruptcy
(DBN)

____________

Coal:

World’s largest coal producer warns of bankruptcy risk Quarterly losses continue to mount for Peabody; Company says bankruptcy again an option World’s largest coal producer warns of bankruptcy risk Peabody faces year-end deadline for deal with lenders and noteholders
(DBN)

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Retailing:

Furniture Factory Outlet files bankruptcy hoping for a buyer
(DBN)

Tuesday Morning expects to exit bankruptcy in December
(DBN)

JCPenney Receives Court Approval for Asset Purchase Agreement with Brookfield, Simon and First Lien Lenders
(DBN)

Woman Goes Viral After She Quits Her Job at Walmart Using the Store Loudspeaker
(DBN)

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Food/Beverage:

Judge approves NORPAC's bankruptcy plan
(DBN)

Lenders Sue Firms Including Oaktree and BlackRock Over ‘Cannibalistic’ Contract Breach
(DBN)

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UK:

Eleanor Temple, Yorkshire chair of R3, the insolvency and restructuring trade body, gives some tips for spotting business distress
(DBN)

Johnson Urges U.K. to Follow Virus Rules Despite Vaccine Hopes
(DBN)

____________

EU:

European Credit Rally Moderates After Earlier Vaccine Euphoria
(DBN)

Swaths of European firms risk collapse despite subsidies, ECB warns
(DBN)

____________

PIIGS:

With 40% Cash Rebate, Greek Industry Hopes for Post-Pandemic Rebound
(DBN)

____________

Canada:

Popular Toronto restaurant chain behind Buca, La Banane and more seeks protection from creditors court amid COVID-19 impact
(DBN)

B.C. still awaiting predicted wave of insolvencies
(DBN)

Trudeau: Canada has confidence in U.S. election results
(DBN)

____________

MENA:

UAE insolvency law explained during coronavirus crisis
(DBN)

Arabtec cuts thousands of jobs ahead of liquidation - sources
(DBN)

Iraq camp closures to leave 100,000 homeless amid coronavirus pandemic, warns aid group
(DBN)

____________

Russia:

Federal Tax Service files petition for bankruptcy of Russian Red Cross
(DBN)

____________

South Korea:

Creditors invite bidders for STX Offshore
(DBN)

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