November 13, 2020

The Daily Bankruptcy News

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Law:

Biglaw Firm Announces Full Retroactive Salary Restorations For All, Plus Some Bonus News
(DBN)

Cravath Sows Seeds Of Discontent With New Vacation Policy
(DBN)

Suit claims Polsinelli agreed to flat-fee deal, then shifted work to a co-defendant’s law firm
(DBN)

A&O is hiking pay for lawyers - but freezing everyone else's salaries
(DBN)

Gateley and Squire Patton Boggs cull staff
(DBN)

No Jobs for Trump Administration Lawyers, Group Tells Firms
(DBN)

Houston Lawyer Builds Off of Moment in National Spotlight
(DBN)

Biden’s Top SCOTUS Lawyer Should Be Woman, Court Watchers Say
(DBN)

In-House Clients Worried Cost Of Biglaw COVID Bonuses Will Be Passed Along To Them In Higher Legal Fees
(DBN)

Biglaw And Balance For Working Mothers? Yes!
(DBN)

Akin Gump Partner Alison Chen
(DBN)

DLA Piper, Fox Rothschild Ask Judge to Toss Investor Ponzi Suit
(DBN)

You *Have* To Watch The Opening Salvo In The Anti-Jones Day Ad Campaign Jones Day hit by PR nightmare for supporting Trump
(DBN)

Biglaw Firm Withdraws From Election Litigation Before They Get Jones Day-ed
(DBN)

Lawyer, Juror Test Positive for COVID-19, Prompting Judge To Pause Federal Trial
(DBN)

Appeals court upholds ruling that Harvard admissions does not discriminate against Asian Americans Harvard Wins Appeals Fight Over Race in College Admissions Appeals Court Rules Harvard Can Use Race-Based 'Tips' During Admissions Process
(DBN)

Justice Department Cites Acosta’s ‘Poor Judgment’ Over Epstein 'Justice Has Not Been Served': DOJ Vindicates Itself, Doesn't Punish Alexander Acosta for Jeffrey Epstein's Sweetheart Deal
(DBN)

As Trump wrestles with defeat, pardons loom for allies and himself
(DBN)

Exasperated judges question Trump lawyers on election claims, leading to one ‘nonzero’ admission
(DBN)

Trump Campaign Lawyer Admits to Judge: Our Search for Evidence of Fraud Produced Obvious Lies and ‘Spam’
(DBN)

GOP's 'Baseless' Georgia Lawsuit Aims to 'Invalidate' Votes in Predominantly Black Counties
(DBN)

Trump Campaign Lawyer Caught Using His Business Partner as Witness in ‘Sharpiegate’ Case
(DBN)

Michael Flynn's Former Lawyer Blasts Trump Campaign's 'Laughable' and Unserious Lawyering
(DBN)

Trump-Appointed Judge Throws Out Trump Campaign’s Inadequate Lawsuit Against CNN
(DBN)

Donate Now To Trump’s Legal Fund! And By ‘Legal Fund’ They Mean ‘PAC.’
(DBN)

Top officials: Nov. 3 election most secure in US history
(DBN)

State, Fed Officials: There's No Voter Fraud
(DBN)

Trump Administration’s Own Election Security Officials Reject President’s Fraud Claims
(DBN)

Postal Worker Who Claimed Voter Fraud Now Admits Project Veritas Was Behind It
(DBN)

Trump CFO’s Family Tax Records Reviewed by New York Authorities
(DBN)

Pennsylvania Court Tosses Some Mail-In Ballots With ID Fixes Pennsylvania Appellate Judge Hands Trump Campaign Extremely Small Legal Victory
(DBN)

Pennsylvania secretary of state asks judge to toss Trump campaign’s lawsuit
(DBN)

DNC Asks Judge to Reject Trump’s Attempt to Nullify 6.5 Million Pennsylvania Votes: 'That Is Not How Democracy Works’
(DBN)

4 Ways You Can Tell Trump's Election Lawsuits Are a Sham
(DBN)

Why Trump is filing so many lawsuits in battleground states
(DBN)

Report: Trump Has Repeatedly Asked if He Can “Preemptively” Pardon Himself
(DBN)

Kentucky Supreme Court upholds Gov. Beshear’s mask mandate, emergency restrictions
(DBN)

Prosecutor reads racist messages by Ahmaud Arbery’s killer
(DBN)

Louisville Police Withheld Hundreds of Thousands of Records Documenting Former Officers' Sexual Abuse of Teens
(DBN)

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Judges:

A Touching Look Back At The Life Of Ruth Bader Ginsburg
(DBN)

______________

Wall Street:

The Dow is set to rise more than 200 points to end a volatile, but winning week
(DBN)

Wall Street ends sharply lower as pandemic fears resurge
(DBN)

Goldman Names 60 New Partners in Smallest Class Since 1998 Goldman just named the smallest, most diverse class of partners since its IPO
(DBN)

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Layoffs:

CVC Cuts 15 Jobs in Distressed Debt to Focus on New Deals
(DBN)

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Utilities:

PG&E Confirmation Appeals Dismissed
(DBN)

____________

Sports:

English Soccer Nears Agreement to Bail Out Smallest Clubs
(DBN)

Barcelona in turmoil as stars including Lionel Messi fail to agree pay cuts
(DBN)

Seven Northeast U.S. States to Suspend Interstate Youth Hockey
(DBN)

____________

Politics:

'Dejected' Trump continues to waffle over waging baseless election fight
(DBN)

Leaks suggest Trump knows his effort to stay in office is probably doomed
(DBN)

China Congratulates Biden ‘We Respect The Choice Of The American People’: China Congratulates Joe Biden’s Election Win
(DBN)

The crisis isn’t too much polarization. It’s too little democracy.
(DBN)

Joe Biden projected to win Arizona, the first Democrat to do so since 1996
(DBN)

Trump-endorsing Nevada newspaper tells the president to pack his bags in brutal editorial Las Vegas Review-Journal And New York Post Rebuke Trump In Major Break
(DBN)

President Joe Biden? Donald Trump tweets suggest he knows that will happen
(DBN)

In Europe, leaders focus on Biden while media remain unsettled by Trump's refusal to concede
(DBN)

Senior Republican senators say Biden should have access to classified briefings GOP senator says he'll step in if Biden doesn't have access to intel briefings Trump’s GOP Wall Cracks a Bit Over Biden Intelligence Briefings Chuck Grassley: Biden should get classified intel briefings from the White House
(DBN)

Biden moves forward without help from Trump's intel team
(DBN)

Obama's memoir delivers his verdicts
(DBN)

Trump voters are flocking to a TV channel claiming Biden is not president-elect My two days watching Newsmax, the network waging war on Fox News from the right
(DBN)

Study: Trump’s tweets can lead Republicans to lose faith in elections
(DBN)

Grief, anger, disbelief: Trump voters face Biden’s victory
(DBN)

Why Trump is suddenly replacing Pentagon officials with loyalists
(DBN)

It's not unusual for voters to imagine fraud. But political leaders usually don't go along with it.
(DBN)

Trump tweets misinformation questioning Los Angeles County ballots
(DBN)

Top US general stands firm amid Pentagon turmoil
(DBN)

Obama memoir confronts role his presidency played in Republican obstructionism and Trump's rise
(DBN)

How the Navajo Nation helped Democrats win Arizona
(DBN)

Consumer Sentiment for Democrats Tops Republicans After Election
(DBN)

Rural Sprawl Is the Next Battleground for Democrats
(DBN)

Kayleigh McEnany, White House press secretary and Trump campaign spox, refuses to answer a question by referring it to herself
(DBN)

Trump tweets while ignoring duties of his office
(DBN)

AP FACT CHECK: Trump tweets a tall tale of ‘deleted’ votes
(DBN)

Americans Were Primed To Believe The Current Onslaught Of Disinformation
(DBN)

Trump, still out of sight, focuses on his own future as pandemic worsens
(DBN)

____________

Religion:

Catholic Diocese of Brooklyn asks Supreme Court to halt NY church restrictions
(DBN)

Biden speaks with Pope Francis, the latest world leader to acknowledge his win
(DBN)

____________


Economy:

McConnell rejects Democrats' demand for big Covid relief package Post-election warfare clouds chances for COVID relief bill White House leaves stimulus to Congress after months of impasse The odds of a stimulus package before January hit rock bottom with Congress deadlocked on coronavirus relief priorities
(DBN)

Treasury yields slump as coronavirus cases surge
(DBN)

Give me a W, V, and a K: describing the post-COVID economic outlook
(DBN)

U.S. data suggests economic recovery may be weakening
(DBN)

People Keep Saving Despite Low Interest Rates
(DBN)

U.S. starts fiscal 2021 with 111% jump in October deficit
(DBN)

U.S. labor market gradually healing; inflation still benign U.S. job openings, hiring point to sluggish labor market recovery
(DBN)

Many Millions could lose unemployment benefits at the End of 2020
(DBN)

The top contenders to run Biden's financial agencies
(DBN)

Powell says coming months to be challenging as virus spreads
(DBN)

Here are the things that scare Jerome Powell the most about the economy right now
(DBN)

'We're not going back to the same economy': The rise of technology poses risks to low-paid service workers amid the ongoing recovery, Fed Chair Powell says
(DBN)

Lockdown 2.0: Food companies overhauled production to put more toilet paper, pasta sauce in stores
(DBN)

Daily COVID-19 deaths spike by nearly 1,900 for first time since May - as infections hit record high of 144k and hospitalizations surge - but Fauci says there's still no need for six-week national lockdown
(DBN)

Europe, North America have a ‘really clear’ need for Covid vaccine, says expert
(DBN)

Covid cases in America could be near zero in around 6 months, UBS economist says
(DBN)

As Covid-19 Surges to New Levels Across U.S., States Impose Flurry of Measures
(WSJ)

Chicago and Detroit told to hunker down as pandemic surges
(DBN)

Cleveland Fed: Key Measures Show Inflation Eased Year-over-year in October BLS: CPI unchanged in October, Core CPI unchanged
(DBN)

Lawler: Recent Slowdown in US Population Growth Accelerated in 2020
(DBN)

US weekly jobless claims fall to 709,000, lower than economist forecasts as labor-market recovery accelerates Weekly Initial Unemployment Claims decreased to 709,000
(DBN)

Trumponomics Won’t Outlive Trump
(DBN)

Trump’s Fed Nominees Could Be Considered in Senate Next Week Judy Shelton appears headed for confirmation to a Federal Reserve seat
(DBN)

Trump touted the economy; the economy voted for Biden
(DBN)

Top central bankers: Economy needs help despite vaccine news
(DBN)

CDC wants you to wear a mask. That's to protect you and others - and to avoid new lockdowns.
(DBN)

Chicago Stay-at-Home Advisory to Begin Nov. 16 Amid Covid Surge Chicago asks residents to cancel Thanksgiving plans and stay indoors
(DBN)

US posts $284.1 billion budget deficit for October, a record for the month and double the red ink of a year ago
(DBN)

Deutsche Bank Tells Americas Investment Bankers to Work at Home
(DBN)

U.S. Consumer Price Index, Core Gauge Were Unchanged in October
(DBN)

Port of Long Beach Processes Another Record Number of Containers
(DBN)

Biden’s platform calls for big changes to Social Security. Here’s what could be on the table
(DBN)

What Stakeholder Capitalism Can Learn from Milton Friedman
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

The Artificial Bankruptcy Of Pennsylvania REIT
(DBN)

Inter-creditor Agreements and Senior Real Estate Lenders in Bankruptcy
(DBN)

We Can Work It Out: Overcoming Obstacles to Real Estate Workouts
(DBN)

US home prices surge the most since 2013 as Americans take advantage of rock-bottom mortgage rates
(DBN)

Corporate Tenants Dump Excess Office Space, Sending Shivers Through the Market
(WSJ)

The Real Opportunity In The Redevelopment Of American Malls
(DBN)

____________

Oil/Gas:

Midstream battles over distressed E&P contracts explore new regulatory, litigious frontiers
(DBN)

Renting a Slice of U.S. Oil’s Hot Spot Is 70% Cheaper After Rout
(DBN)

Vaccine Hopes Fail to Spark Revival in Oil Demand Forecasts
(DBN)

Why A COVID Vaccine Won’t Invigorate The Oil Market
(DBN)

____________

Healthcare:

Even Careful States Suffer With Covid Crossing Porous Borders
(DBN)

‘Crisis Levels’ in Mississippi: No ICU Beds Left in Jackson, Only 12% Remain Statewide
(DBN)

Fauci says U.S. has ‘independent spirit,’ but now is the time to ‘do what you’re told’
(DBN)

Dallas County on track for 2,000 coronavirus cases a day
(DBN)

At dinner parties and game nights, casual American life is fueling the coronavirus surge
(DBN)

Volunteers: Side Effects of Pfizer Vaccine are a Bitch
(DBN)

Average Covid cases, hospitalizations rise in nearly every state across U.S.
(DBN)

Virus ward doctor runs from dawn to dark in Italy
(DBN)

University of Wisconsin hospitals short of staff at ‘all times’ amid Covid surge
(DBN)

Less Effective Flu Shot Poses New Risk for Hospital Operators
(DBN)

Fauci says COVID won't be a pandemic 'a lot longer' thanks to vaccines
(DBN)

Democrats allege GOP refusal to accept election results is imperiling U.S. coronavirus response as cases, deaths spike
(DBN)

Trump’s final two months in office might be the worst Covid-19 months yet
(DBN)

Trump adviser Corey Lewandowski contracts coronavirus
(DBN)

What Places Are Hardest Hit by the Coronavirus? It Depends on the Measure.
(DBN)

New York Republican vows to defy Cuomo's new 10-person limit on Thanksgiving dinners
(DBN)

No pandemic Thanksgiving is “safe.” But it can be made safer.
(DBN)

Measles Cases Reach 23-Year High, Killing More Than 200,000
(DBN)

____________

Food/Beverage:

Food distributor Sysco drops delivery minimums to help restaurants cope with virus headwinds
(DBN)

____________

Education:

Schools abandon classes, states retreat as COVID-19 cases surge across nation
(DBN)

N.Y.C. Schools May Close Again, a Grim Sign of a Global Dilemma NYC Schools Headed Toward Shutdown, Teachers Union Head Says
(DBN)

Cheating-detection companies made millions during the pandemic. Now students are fighting back.
(DBN)

Ivanka and Jared slam 'gossip' parents for forcing them to take their kids out of $28k-a-year school when they 'complained about them attending White House events without masks'
(DBN)

____________

Cruise Lines:

Passenger Gets Covid on First Caribbean Cruise, Report Says
(DBN)

Five test positive for Covid on first cruise ship to resume sailing in the Caribbean
(DBN)

____________

Fitness:

Oak Hill's August Says Equinox Won't Go Bankrupt
(DBN)

____________

Distressed Investing:

Oak Hill’s August Hunts Asset Bargains: ‘Covid Is Not Yet Gone’
(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 (12 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (4 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:

Black People More Likely to File for More Expensive Bankruptcy Option, Experts Say
(WSJ)

______________

Crypto:

Cryptocurrency Platform Customers May Encounter Novel Bankruptcy Issues in Recent Chapter 11 Filing
(DBN)

Bad Loans, Bad Bets, Bad Blood: How Crypto Lender Cred Really Went Bankrupt
(DBN)

____________

Subchapter V:

Court Opens Door for Widespread Eligibility Under Subchapter V
(DBN)

Subchapter V Eligibility: Beware The “Affiliated Debtor” Trap (In re 305 Petroleum)
(DBN)

____________

Contracts:

New Decisions Give Further Guidance on Frustration of Purpose, Impossibility, and Related Doctrines
(DBN)

____________

Aviation:

The Airline Industry and the CARES Act: What Secured Lenders Need to Know
(DBN)

Black market for negative COVID-19 tests pops up across the globe
(DBN)

U.S. airlines caution on winter challenges as COVID-19 cases rise
(DBN)

A Third of the World’s Air Routes Have Been Lost Due to Covid

JetBlue Airways Joins Other Carriers by Opening Blocked Seats
(DBN)

How risky is air travel in the pandemic? Here’s what the science says.
(DBN)

Got miles? Hawaiian Airlines will let you redeem them for a coronavirus test kit.
(DBN)

Thai Airways Q3 loss soars
(DBN)

Asiana Airlines shares surge on potential deal with rival Korean Air's parent
(DBN)

Colombia's Avianca to pursue restructuring without government loan
(DBN)

Norwegian Air Shuttle Faces Bankruptcy
(DBN)

____________

Student Debt:

Elizabeth Warren calls on Biden to cancel billions of dollars in student debt without help from Congress to aid the struggling US economy
(DBN)

Student debt forgiveness could be a reality under a Biden administration
(DBN)

Writing Off Student Debt Is One Way Biden Can Build Black Wealth
(DBN)

Joe Biden Can’t Forgive Your Student Loans, Or Can He?
(DBN)

____________

Autos:

Garrett Motion’s fund shareholder group, one of many, updates disclosures as Garrett sets record for most equity groups
(DBN)

Eighteenth U.S. Death Linked to Faulty Takata Air-Bag Inflators
(DBN)

Ghosn's legal woes deepen as Nissan sues for $95 million in damages
(DBN)

Hertz car subscription looks to expand beyond rental cars
(DBN)

____________

Cosmetics:

Revlon to Avoid Bankruptcy Filing Upon Completion of Debt Deal Revlon Dodges Bankruptcy With $236M Debt-Swap Deal
(DBN)

____________

Retailing:

What About Sears Now That JCPenney Has New Owners?
(DBN)

Fired Amazon worker files discrimination lawsuit over pandemic conditions
(DBN)

Furla USA Sets Up for Swift Bankruptcy Exit
(DBN)

Burberry Leads Luxury Goods Recovery, Warns On Pandemic
(DBN)

____________

Theme Parks:

Disney’s California theme park closures to drag on earnings and local economy
(DBN)

____________

Climate:

Fed’s Powell Says Central Banks Must Help Address Climate Change
(DBN)

Any hope of keeping Earth habitable now requires sucking carbon back out of the atmosphere, a new study found
(DBN)

Developing tropical system could worsen disaster caused by Eta 'I've never seen anything like that.' The reasons why Eta flooded South Florida so badly
(DBN)

____________

Hotels:

Tripadvisor Labels Thai Hotel With Warning—After Guest Does Jail Time For Leaving Bad Review
(DBN)

____________

Sovereigns:

Zambia on brink of default after lenders reject debt relief request Vice president says Zambia will not default as debt deadline looms
(DBN)

G-20 works to firm up debt relief plan for poor, Covid-hit nations & it’s counting on China
(DBN)

____________

UK:

Boris Johnson Seeks Green Jobs for U.K. as Unemployment Surges
(DBN)

How Covid-19 pushed Croydon over the edge into bankruptcy
(DBN)

Rishi Sunak Plans To Get People ‘Out And About’ After English Lockdown
(DBN)

'This is economic self-harm': Tory fury as tax watchdog urges Rishi Sunak to milk their middle classes voters with £90billion capital gains raid on property owners, savers and investors
(DBN)

Deutsche Bank Research: Tax home workers 'to help those who cannot'
(DBN)

'A devastating loss of funds': UK charities count the cost of Covid
(DBN)

____________

EU:

Europe "must grit our teeth" on COVID-19 as vaccine euphoria fades
(DBN)

ECB member explains why this recession is very different from any other
(DBN)

____________

PIIGS:

Spain readies measures to aid hospitality sector, mulls longer loan scheme
(DBN)

____________

Canada:

Canada will exit pandemic with lower potential, Wilkins says
(DBN)

Courts in Ontario Start to Consider Force Majeure Clauses
(DBN)

____________

China:

Chinese state-firm debt defaults trigger market selloff, fears of crisis
(DBN)

____________

MENA:

Hundreds of disillusioned doctors leave Lebanon, in blow to healthcare
(DBN)

____________

Japan:

Japan’s Economy Seen Clawing Back Half of Pandemic Losses
(DBN)

____________

Germany:

Germany's protests against restrictions becoming increasingly radical
(DBN)

____________

Australia:

Westpac hobbled by spending needs as Australian banks adjust to pandemic economy
(DBN)

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