November 17, 2020

The Daily Bankruptcy News

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Law:

Jury trials are being halted as COVID-19 cases surge
(DBN)

The COVID-19 consequence: Emerging talent is at risk
(DBN)

Bankruptcy Firm Settles Paralegal's OT Wages Suit
(DBN)

Why Analysts Caution Against Forecasting Based on Declining 2020 Demand
(DBN)

Freddie Mac’s Legal Boss to Demand Firms Sponsor Diverse Talent
(DBN)

Protests And Boycotts Come To Jones Day’s Doorstep
(DBN)

Has law prof been fired over tweets? He says it might not be technically true—yet Law School Professor Courts Controversy With Tweets, Gets It
(DBN)

An Open Letter To ‘Liberal’ Law Professors
(DBN)

Trump Campaign Lawyer Says She’s Being Harassed for Her Work
(DBN)

Trump Lawyer Whines To Court About Getting A Mean Voicemail From Kirkland & Ellis
(DBN)

New Lawsuit Provides Model For Attorneys Seeking To Remove Confederate Monuments
(DBN)

Thoughts On A Criminal Prosecution Of Trump
(DBN)

Biden’s IRS could finally give Trump’s tax returns to Democrats
(DBN)

3rd Circuit won’t interfere with Pennsylvania ballot count, while Trump campaign trims another suit
(DBN)

Trump Campaign Attorney Admits in Court That There Are No Fraud or Eligibility Concerns Over Philadelphia Voters
(DBN)

Lawyers Pan Significant 'Shrinkage' of Trump Campaign’s Pennsylvania Lawsuit: Only Addresses a ‘Handful of Ballots’
(DBN)

Giuliani's fantasy parade of false voter-fraud claims
(DBN)

Supreme Court puts off action on Trump-related cases; is it waiting for the clock to run out?
(DBN)

Trump Has No Path to Win, Says Bush’s 2000 Florida Recount Team
(DBN)

Another shake-up on Trump campaign legal team
(DBN)

Turns Out Dominion Voting Systems Creates Receipts that Disprove Fraud Claims
(DBN)

Judges Increasingly Frustrated with Trump's Legal Claims on Election
(DBN)

GOP Suddenly Drops Election Lawsuits In Four Battlegrounds
(DBN)

Trump Repeats Inaccurate Claims About Georgia’s ‘Fake’ Recount
(DBN)

Trump Lawyers Drops Key Voter Fraud Claim
(DBN)

Trump Distances Himself from Ongoing Election Lawsuits, Acts Like Campaign Hasn't Been Losing in Court
(DBN)

Pro-Trump Wisconsin Lawyers Spike Election Lawsuit on Morning of Court Hearing
(DBN)

Donald Trump Better Look Out For Cyrus Vance
(DBN)

After Trump march: Arrests, accusations and COVID-19 fines
(DBN)

Despite Pandemic Lockdowns, Mass Shootings Are 35% Higher Than 2019—and Year's Not Even Over
(DBN)

Hate crimes in US reach highest level in more than a decade
(DBN)

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Judges:

DiFiore Says New Jury Trials Are Not 'Wise or Prudent' as Coronavirus Cases Surge
(DBN)

As Coronavirus Cases Climb, NY's Court System Puts Brakes On New Jury Trials
(DBN)

After 7 Participants Contract Coronavirus, Lawyers Agree to Resume Federal Trial in 2 Weeks
(DBN)

Dismissed: Georgia Judge Pleaded Guilty to Theft, but High Court Drops Ethics Case
(DBN)

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Wall Street:

Stock futures slip a day after the Dow and S&P 500 close at records
(DBN)

Dow jumps 470 points to a record as another potentially effective vaccine fuels recovery hope S&P 500, Dow close at all-time highs on reignited vaccine hopes
(DBN)

Investors in 'full bull' mode as vaccine hopes run high - BofA survey
(DBN)

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Layoffs:

Alaska loses 3,000 oil, gas jobs during pandemic, price drop
(DBN)

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Banking:

Someone's Losing Their Job': Revlon Lenders Expressed Surprise at Mistaken $900 Million Payment
(DBN)

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Healthcare:

A nurse in a strained El Paso hospital says the sickest COVID-19 patients are put in a doctor-less room called 'the pit' and they are given 3 chances to be revived before workers let them die
(DBN)

Health care workers at a breaking point
(DBN)

‘More people may die’: Biden urges Trump to aid transition Biden Blames Trump for Public’s Coronavirus Vaccine Skepticism
(DBN)

Colorado governor urges the federal government ‘to step up’ amid surging Covid cases
(DBN)

Stanford Distances from Dr. Scott Atlas
(DBN)

Moderna’s coronavirus vaccine overcomes one of the biggest limitations of Pfizer’s shot Moderna's COVID-19 vaccine candidate can remain stable for longer in a standard refrigerator
(DBN)

Moderna's chief medical officer on its blockbuster vaccine news
(DBN)

Moderna’s Vaccine Success Takes $1.85 Billion Bite Out of Shorts
(DBN)

Why Moderna’s Vaccine Win Is a Giant Leap Against Pandemics
(DBN)

Pfizer to start pilot delivery program for its COVID-19 vaccine in four U.S. states
(DBN)

Coronavirus sparks competition in the vaccine market
(DBN)

Pfizer and AstraZeneca slide as Moderna's rival COVID-19 vaccine shows strong efficacy
(DBN)

HHS chief Azar says FDA will move ‘as quickly as possible’ to OK Covid vaccines
(DBN)

‘Rule of the jungle’: Health expert sounds the alarm on fair access to Covid vaccines
(DBN)

Is it safe to have Thanksgiving with family? Here are the latest CDC guidelines on holiday gatherings
(DBN)

How to host a smaller Thanksgiving while still enjoying your favorite holiday flavors
(DBN)

No Singing? NJ Shares Guidelines for Safe Thanksgiving Events (if You Must Still Hold One)
(DBN)

Cancel Thanksgiving
(DBN)

New York Sheriff Refuses to Enforce Gov. Cuomo's Thanksgiving Gathering Limit: 'I Can’t Justify It Constitutionally'
(DBN)

No State Is Safe With Covid Pandemic Accelerating Everywhere
(DBN)

Whitmer: Atlas' call for Michiganders to 'rise up' against Covid restrictions 'took my breath away'
(DBN)

Coronavirus cases surge in Oregon
(DBN)

U.S. Hits Highest Average Daily COVID Death Toll Since May
(DBN)

Virginia House of Delegates to meet online in 2021 as coronavirus cases rise
(DBN)

Inmates being paid $2 an hour to help El Paso morgue after area overwhelmed by COVID deaths
(DBN)

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Climate:

Big Oil Seeks Supreme Court Ruling to Derail Climate Litigation
(DBN)

The Secret Club for Billionaires Who Care About Climate Change
(DBN)

Hurricane Iota now a Category 5 storm near Central America
(DBN)

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Mass Torts:

Boy Scouts Face 82,000 Abuse Claims and Fights Over Insurance 'The number of claims is mind-boggling'
(DBN)

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Movie Theaters:

Cineworld Term Lenders Seek to Preempt Potential Asset Transfer to Unsub to Secure New Financing in Letter to Company, Administrative Agent
(DBN)

Universal and Cinemark agree to shorten theatrical window
(DBN)

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Food/Beverage:

For New Detroit Restaurants, Michigan’s Indoor Dining Closure Signals a Difficult Winter to Come
(DBN)

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Tourism:

Tourism, Engine for N.Y.C. Economy, May Not Fully Recover Until 2025
(DBN)

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Glass:

Libbey Inc. emerges from bankruptcy as private company
(DBN)

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Religion:

Buffalo Diocese's legal bill in first 6 months of bankruptcy grows to $1.9M
(DBN)

New York synagogues ask justices to lift attendance limits
(DBN)

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Economy:

Judy Shelton on the Fed Is Still a Bad Idea Third Republican comes out against Judy Shelton for Fed seat
(DBN)

More fiscal stimulus is needed even with vaccines, Bill Dudley says
(DBN)

It's Been Exactly One Year Since the First Case of COVID Was Found in China
(DBN)

The American Consumer Is Flush With Cash After Paying Down Debt
(DBN)

Yellen, Summers Say Central Banks No Match for Savings Glut
(DBN)

The Employment Situation is Worse than the Headline Unemployment Rate Suggests
(DBN)

New but narrow job pathways for America’s unemployed and low-wage workers
(DBN)

The economic fallout of lockdown 2.0
(DBN)

Closing Schools, Banning Small Meetings Work Best to Halt Virus
(DBN)

New Jersey to Toughen Gathering Limits After Cases Reach Record
(DBN)

Governors ratchet up restrictions ahead of Thanksgiving
(DBN)

California pulls ‘emergency brake’ on pandemic reopenings — much of Bay Area moved to purple tier S.F. pulls back on gyms, non-essential offices; Newsom looks into curfew idea
(DBN)

Philadelphia bans all indoor gatherings as COVID-19 surges across the United States
(DBN)

Reopen Bets Rally as Cruise, Airline Stocks Jump on Vaccine Hope
(DBN)

Fauci and a top Biden COVID-19 advisor make it clear that another US lockdown isn't happening anytime soon
(DBN)

Businesses race to battle back new coronavirus restrictions as U.S. faces deadly new surge
(DBN)

Eight High Frequency Indicators for the Economy
(DBN)

Citigroup Says Dollar May Drop by 20% Next Year on Vaccine Push
(DBN)

Trump coronavirus adviser tells Michigan to 'rise up' against new shutdown orders
(DBN)

Could the Fed act early? Yes, says this strategist who maps out the central bank’s possible next move
(DBN)

Powell says COVID-19 vaccine not an immediate panacea
(DBN)

Why a coronavirus vaccine might not get things back to normal
(DBN)

Biden plots economic recovery in meeting with GM, Microsoft CEOs
(DBN)

Biden Turns to a New Generation for Economic Advice
(DBN)

Yellen Tight-Lipped on Report She’s in Mix as Treasury Secretary
(DBN)

The most important part of Biden's economic speech is what he did not say
(DBN)

Pfizer vaccine creator: Life could be back to normal late next year
(DBN)

The CEO of Moderna says every American will likely have access to a COVID-19 vaccine by June 2021
(DBN)

As communities suffer, local officials struggle to disburse federal aid. Now, a deadline looms.
(DBN)

New York Manufacturing Expands at Slowest Pace in Three Months NY Fed: Manufacturing: Business activity "expanded slightly" in New York State in November
(DBN)

Where Biden Can Find $1 Trillion
(DBN)

Biden urges a new economic relief package and warns again of a 'dark winter' ahead Biden Calls on Congress to Pass Democrats’ Virus Stimulus Bill
(DBN)

The Unemployment Rate for Each Country Before More Coronavirus Lockdowns
(DBN)

The 25 Largest Private Equity Firms in One Chart
(DBN)

A Thanksgiving like no other: Thousands of desperate Texans wait in line at drive-thru food bank in hope of getting one of the 7,000 frozen turkeys ahead of the holiday
(DBN)

Even a divided America agrees on raising the minimum wage
(DBN)

How Trump Ceded World Influence to China
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

MBA Survey: "Share of Mortgage Loans in Forbearance Decreases to 5.47%"
(DBN)

What the surge in COVID cases means for the housing market this winter
(DBN)

Mall Investors See Reason for Hope With Simon Deal, Vaccine News
(DBN)

Apartment Investors Mull Opportunities in Distressed Malls
(DBN)

Vaccine Powers REITs To Historic Rebound
(DBN)

Two-year foreclosure battle in Tribeca culminates in bankruptcy filing
(DBN)

Hot Mortgage Market Is the Fed’s House of Cards
(DBN)

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Municipalities:

Supreme Court ends Puerto Rico bondholders’ bid for pension assets
(DBN)

NYC-Linked Stocks Climb on Optimism Over Moderna Vaccine Results
(DBN)

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Oil/Gas:

New Bankruptcy Ruling Could Impact Future Midstream Contracts
(DBN)

Natural gas producer Gulfport Energy files for Chapter 11
(DBN)

The U.K. is reportedly prepping a ban on new internal combustion vehicles
(DBN)

Trump officials rush to auction off rights to the Arctic National Wildlife Refuge before Biden can block it
(DBN)

Quebec Bans New Gasoline Cars from 2035
(DBN)

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Water:

Special Considerations for Protecting Interests under Water Agreements in Bankruptcy
(DBN)

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Education:

Survey: International enrollment falls amid virus
(DBN)

NYC Schools to Be Open Tuesday as Positive Covid Rate Inches Up
(DBN)

Court Stops DeVos Private School Scheme
(DBN)

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Politics:

Trump conclusively lost, denies the evidence
(DBN)

The Electoral College by vote per capita
(DBN)

Trump’s National Security Advisor Says ‘Professional Transition Will Occur If Biden Is Winner National Security Advisor: Biden Won
(DBN)

George Bush Congratulates Biden on Win
(DBN)

There’s Nothing Nefarious About Executive Orders
(DBN)

America’s Shockingly Moderate Electorate
(DBN)

Obama said the election showed a 'very divided' nation and described a sense in the US that 'truth doesn't even matter'
(DBN)

Wisconsin presidential recount would cost Trump $7.9 million
(DBN)

Georgia Recount Finds 2,600 More Ballots
(DBN)

Georgia's secretary of state says fellow Republicans are pressuring him to find ways to exclude legal ballots Georgia’s secretary of state says Lindsey Graham suggested he throw out legal ballots
(DBN)

Election Experts Contradict Trump Claims
(DBN)

Schwarzman nods to victory by Biden that Trump refuses to accept
(DBN)

Emily Murphy, the official blocking Biden's transition, has a record of working the system in ways that benefit Trump, ethics expert says GSA official blocking Biden's transition appears to privately plan post-Trump career Trump Official Who Won’t Admit Biden Won Looking For A New Job For 2021
(DBN)

Biden Says Trump’s Refusal to Ease Transition ‘Embarrassing’
(DBN)

Virginia Sen. Louise Lucas cleared of charges of conspiring to topple Confederate monument
(DBN)

Pelosi faces challenges of slim majority and party divisions
(DBN)

AP FACT CHECK: Trump's bogus claims about Biden win, vaccine
(DBN)

The top Republicans who have acknowledged Biden as president-elect
(DBN)

With pandemic raging, Republicans say election results validate their approach
(DBN)

Kissinger Warns Biden of U.S.-China Catastrophe on Scale of WWI
(DBN)

Trump Wants To Go Down In History As The Man Who Ended Covid
(DBN)

Trump Sought Options for Attacking Iran to Stop Its Growing Nuclear Program Trump was 'talked out of' launching a strike on Iran in punishment for 'hiding its nuclear weapons program' last week after his top advisers warned it could trigger a war - but he is 'still mulling options to punish Tehran'
(DBN)

McConnell Excoriates Trump’s Reported Troop Drawdown in Scathing Senate Floor Remarks: Would ‘Delight the People Who Wish Us Harm’
(DBN)

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Transit:

BART avoids station closures, weekend shutdowns but could lose up to 40% of staff
(DBN)

New York’s MTA Plans 2021 Budget Without Federal Help
(DBN)

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New Bankruptcy Opinions
(3 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (19 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (5 new filings today)
(DBN)

Bankruptcy Code (html) - Bankruptcy Code (pdf) Prior BK Codes (pick year from list) - Bankruptcy Rules
(large downloads)

UCLA-LoPucki Bankruptcy Research Database
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Bankruptcy Jobs:

(1) (2) (3) (4) (5) (6) (7) (8)
(DBN)

Seminars - (Contact us to list your seminar)

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Bankruptcy Statistics:

Preparing for the Bankruptcy Tsunami
(DBN)

October bankruptcies remain off year-over-year
(DBN)

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Safe Harbors:

Bankruptcy Court Denies Section 546(e) Safe Harbor Protection in Fraudulent Transfer Action
(DBN)

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Aviation:

Travel stocks rally after Moderna's vaccine progress lifts hopes for near-term reopening
(DBN)

House to vote on FAA reform bill after Boeing 737 MAX crashes
(DBN)

Support for MAX brand wavers as Boeing jet nears green light U.S. approval for 737 MAX return nears as challenges remain for Boeing
(DBN)

Travel restrictions challenge vaccine rollout, airlines warn
(DBN)

Virgin Galactic reschedules test flight due to New Mexico lockdown
(DBN)

AirAsia Japan Files for Bankruptcy in Latest Covid Casualty
(DBN)


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Retailing:

Francesca's to close 140 stores by end of January Francesca’s will close 140 stores, may file for bankruptcy
(DBN)

Stein Mart Signs Stalking Horse Agreement to Sell IP Assets
(DBN)

Guitar Center to reduce debt with bankruptcy filing
(DBN)

Black Friday plus COVID adds up to crunch time for U.S. retail
(DBN)

Costco updates mask policy, now requires shoppers with medical conditions to wear face shields
(DBN)

Closing Through COVID: Meridian’s David Schechtman Discusses Retail Restructuring
(DBN)

Walmart beats as customers’ new shopping habits send e-commerce sales soaring 79%
(DBN)

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Fraud:

Nebraska Bankruptcy Court Holds Chapter 7 Debtors Not Individually Liable for Damages from Their Alleged Fraud in Conduct of Their Non-Debtor Business
(DBN)

Épée the Price: FBI Arrests Former Harvard Fencing Coach for 'Corruption in College Admissions' Ex-Harvard Fencing Coach, Businessman Arrested in College Case
(DBN)

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Tax:

IRS to Resume House Visits to Suspected Tax Cheats Post-Pandemic
(DBN)


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Sports:

NCAA plans to hold March Madness in one location, possibly Indianapolis
(DBN)

Vaccines and test events make IOC very confident Japan's Olympics will go ahead with fans
(DBN)

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Distressed Investing:

Junk Bond ‘Rally’ Tells a Deceptive Story
(DBN)

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Cruise Lines:

Cruise Industry in Troubled Waters
(DBN)

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Student Debt:

Schumer says Biden could forgive $50,000 in student debt with executive order
(DBN)

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Agribusiness:

Judge OKs plan for bankrupt GenCanna to repay creditors, MariMed
(DBN)

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Personal Finance:

Average Retirement Savings by Age Group
(DBN)

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Sovereigns:

Zambian Finance Minister Says Bondholders to Blame for Default Zambia struggles to pay external debt, creditors get angry Zambia on track for protracted debt overhaul as creditors slam lack of engagement
(DBN)

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UK:

Croydon’s bankruptcy is the result of austerity – and more councils will follow
(DBN)

Over 90% of U.K. Workers Lack Skills Needed in Next Decade
(DBN)

Ex-BOE’s Mervyn King Warns of Cash Hoarding If Rates Cut Below Zero
(DBN)

KPMG ‘helped’ buyout fund dump £100m Silentnight pensions liabilities
(DBN)

England May Need Tougher Covid Tiers After Lockdown, Medic Says
(DBN)

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EU:

European Recovery Fund Faces More Delays Amid Veto Threats
(DBN)

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PIIGS:

Italy Caught Off Guard by New Surge in Less Severe Virus Cases
(DBN)

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Canada:

Superior Court looks at a spouse’s interest the other’s asset following bankruptcy
(DBN)

Canadian coronavirus cases grow and spread as once-effective unity frays
(DBN)

Canadian Home Sales Drop 0.7% in October in Sign of Cooling
(DBN)

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MENA:

Timely Amendments to UAE Bankruptcy Law Introduced to Cover Emergency Situations
(DBN)

UAE Central Bank Extends Virus-Related Loan Payment Deferrals
(DBN)

Iran Braces for Severe Restrictions as Coronavirus Cases Surge
(DBN)

Israel Economy Rebound of 37.9% in Last Quarter Tops Estimates
(DBN)

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Sweden:

Sweden Uses ‘Unprecedented’ Covid Restrictions as Cases Soar No-lockdown Sweden toughens up restrictions as coronavirus cases rise
(DBN)

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Malaysia:

Malaysia Places 13,000 Top Glove Workers Under Virus Lockdown
(DBN)

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Australia:

Court Appointed Insolvency Referees Gain Further Momentum in Australia
(DBN)

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France:

A lifetime of pain in 24 hours: A French ICU in the pandemic
(DBN)

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Germany:

German Economy May Shrink After Virus Flare-Up, Bundesbank Says
(DBN)

Merkel Limits House Guests to Stem Germany’s Stubborn Outbreak
(DBN)

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China:

Insolvent Baoshang Bank Won’t Pay Up on $1 Billion Bond
(DBN)

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