November 19, 2020

The Daily Bankruptcy News

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Law:

Biglaw Firm Pushes First-Year Start Date To Summer 2021
(DBN)

Kasowitz Suing Its Janitors Just In Time For The Holidays
(DBN)

Morgan Lewis’s Speights on Virus, Diversity, and the Workplace
(DBN)

Partner Out At Magic Circle Firm Following Internal Investigation • Slaughter and May partner leaves firm after internal investigation
(DBN)

There’s A Run On Law School, With Applicants And Applications WAY Up
(DBN)

Amid Claims That Online Bar Exam Went Well, Some Test-Takers Have A Different View
(DBN)

Who Is The Mysterious Houston Attorney At The Center Of Multibillion-Dollar Tax Fraud Case?
(DBN)

Florida Moves Bar Exam Online Again Amid Spike in Covid-19 Cases • February Fla. Bar Exam Will Be Administered Remotely
(DBN)

Lawyer Who Wouldn’t Stop Texting in Court Has Convictions Upheld
(DBN)

Ex LeClairRyan General Counsel Matson Disbarred in Virginia
(DBN)

Constant communication has been key amid COVID-19, law school dean says
(DBN)

US can kill its own citizens without review when state secrets are involved, DOJ lawyer argues • Justice Department Asserts Unreviewable Discretion to Kill US Citizens
(DBN)

U.S. investigators were told to take 'no further action' on Caterpillar, ex-client of Barr
(DBN)

When Applying ‘Normal’ Scrutiny, Rudy Giuliani’s Court Appearance Was a Total Flop
(DBN)

Here's what happened when Rudy Giuliani made his first appearance in federal court in nearly three decades • Last appearing in federal court in 1992, Giuliani argues lack of observer access despite dropped claim
(DBN)

Wrecking Ball Rudy Strikes Again
(DBN)

Rudy Giuliani is reportedly asking for $20,000 per day in legal fees as he presides over Trump's election lawsuits that have mostly failed in the courts
(DBN)

Giuliani's court bid to overturn Biden victory turns to farce as he forgets judge's name, calls other lawyer 'that angry man,' claims the 11 biggest cities are conspiring to steal election, then gets directions to the nearest martini bar
(DBN)

Donald Trump Is the Client from Hell
(DBN)

In dramatic reversal, Michigan’s Wayne County — home to Detroit — certifies election results as Republican canvassers switch their votes
(DBN)

Lindsey Graham’s controversial call with Georgia’s secretary of state, explained
(DBN)

Trump campaign loses in Pennsylvania Supreme Court as Giuliani seeks to salvage federal election case
(DBN)

Trump Campaign Attorneys Admit ‘There Is No Evidence' of 'Any Fraud’ in Connection with Challenged Ballots in Bucks County, Pa.
(DBN)

Trump Backers’ Michigan Claims Called a ‘Grab-Bag of Falsehoods’
(DBN)

Trump, Who Called 2016 Wisconsin Recount a 'Scam,' Seeks Partial Recount in Wisconsin • Trump to Pursue Partial Recount in Wisconsin, Paying $3 Million
(DBN)

Pennsylvania High Court to Consider Some Trump Ballot Claims
(DBN)

A Voter The Trump Campaign Claimed Was Dead Laces Into The President As Fraud Claims Crumble
(DBN)

Arizona Secretary of State Says She and Family Have Received Violent Threats, Points a Finger at President Trump
(DBN)

Trump to Judge: Just Declare Me the Winner in Pennsylvania
(DBN)

Trump Pennsylvania Suit Now Suggests Legislature Pick Winner
(DBN)

Trump Attorneys Admit Claims of Election Fraud are BS
(DBN)

Georgia elections chief: 'Emotional abuse' to mislead voters about fraud
(DBN)

Trump Campaign Adviser Interrupted Georgia Secretary of State’s Meeting, Demanding He Endorse Trump: Report
(DBN)


Arizona Judge Expresses Skepticism of GOP Maricopa Recount Suit
(DBN)

GOP breaks with Trump firing of cyber chief: Adds to 'confusion and chaos'
(DBN)

Trump's legal adviser Jenna Ellis in 2016 called him an 'idiot' and said his supporters didn't care about 'facts or logic'
(DBN)

Rep. Devin Nunes Sues Washington Post in What May Be His Most Absurd Lawsuit Yet
(DBN)

Trump Policy to Expel Migrant Children Blocked by U.S. Judge • Federal Judge Wrecks Trump Admin’s Illegal Process for Deporting Unaccompanied Children During Pandemic
(DBN)

Trump loses libel case against CNN, needs to show 'actual malice' from the network
(DBN)

Federal prosecutors hold protesters for months pretrial
(DBN)

Graham Referred to Senate Ethics Committee
(DBN)

Gunman Fired 24 Rounds at Woman and Her Boyfriend over Pooping Dog Dispute, Detective Says
(DBN)

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Judges:

Justice Barrett’s husband says he will remain at his law firm
(DBN)

Federal Judge Bashes The DOJ And Calls Out Biglaw As Too Expensive In The Same Case
(DBN)

Federal Judges Releasing Music Video About COVID Is Officially The Last Thing You Expected From 2020
(DBN)

Trump, GOP Defy Precedent with Lame Duck Judicial Confirmations
(DBN)

Trump-Appointed Judge Almost Dissents and Cites Meatloaf While Criticizing ‘Silly’ Precedent in Unusual Opinion
(DBN)

Judge Tosses Hank Greenberg’s Lawsuit Against Eliot Spitzer, Insults Him To His Face
(DBN)

Senate confirms Trump's youngest judicial pick as GOP breaks tradition
(DBN)

Trump, GOP Defy Precedent with Lame Duck Judicial Appointees
(DBN)

______________

Wall Street:

Dow futures extend losses following Wednesday’s sell-off
(DBN)

European stocks slide after virus fears knock Wall Street • World stocks ease further from highs, oil dips on COVID-19 count
(DBN)

Wall Street dives as shutdown worries overshadow vaccine hopes
(DBN)

JPMorgan lays out the nightmare election scenario that could send markets into a tailspin
(DBN)

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Layoffs:

Wall Street turns eye to cuts after headcount swells in 2020
(DBN)

More than 400 Southwest mechanics get furlough warnings as cost-cutting talks falter
(DBN)

Vestas Blades To Layoff Nearly 200 Employees At Brighton Facility
(DBN)

ViacomCBS Hit With Another Round Of Layoffs; 100 Jobs Cut Across Combined Company
(DBN)

Thyssenkrupp cuts another 5,000 jobs as losses deepen
(DBN)

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Retailing:

Lowe’s shares tumble as earnings fall short despite robust sales gains
(DBN)

Target Sales Just Shocked Wall Street. Here’s How CEO Brian Cornell Did It.
(DBN)

Retailers, shoppers prepare for scaled-down Black Friday
(DBN)

Macy's beats quarterly sales estimates • Macy’s same-store sales fall 20%, as department stores fall out of favor with shoppers during the pandemic
(DBN)

____________

Sports:

NFL to impose 'intensive' coronavirus protocols on a 'mandatory, league-wide basis'
(DBN)

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Nursing Homes:

Covid Ravaging Long-Term Care Centers at Fastest Pace Since May
(DBN)

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Museums:

Plight at the Museum
(DBN)

____________

Event Facilities:

Kennedy Center cancels live performances through spring; honors are still on, with a different look
(DBN)

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Food/Beverage:

Cuomo Says a 3% Positive Rate in NYC Also Would Close Dining
(DBN)

The Costs of Destruction: Bankruptcy Court Authorizes Chuck E. Cheese to Spend Millions on Destruction of Prize Tickets
(DBN)

Your Next Favorite Restaurant Might Not Be a Restaurant
(DBN)

Starbucks raises wages for its baristas as restaurants brace for minimum wage hike
(DBN)

____________

Transit:

New York MTA Warns of 40% Subway-Bus Cut, Shedding 9,300 Jobs
(DBN)

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Utilities:

PG&E names new CEO after emerging from historic bankruptcy • 'She's the perfect fit': PG&E Corp. stock jumps on CEO pick
(DBN)

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Banking:

'Some Financial Institutions Will Fall': Concerns Rise About Bank CRE Loan Portfolios
(DBN)

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Fraud:

Criminals launder coronavirus relief money, exploit victims through popular apps
(DBN)

____________


Economy:

‘Attack of the debt tsunami’: Coronavirus pushes global debt to record high • COVID-19 response drives surge in global debt towards record 365% of GDP
(DBN)
(DBN)

The science of COVID restrictions
(DBN)

Democrats block Fed nominee Shelton, with Vice President–elect Harris’s vote • Shelton running out of time to get confirmed to Fed seat • Trump Fed nominee Shelton faces more difficult road to confirmation
(DBN)

Treasury yields slump amid state coronavirus restrictions
(DBN)

End of Year Means End of Federal Aid for Millions of Americans
(DBN)

Lockdowns Test the Economic Endurance of Desperate Americans
(DBN)

Jamie Dimon lashes out at 'childish behavior' from Congress amid deadlock over coronavirus relief
(DBN)

Meadows Puts Onus for Relief on Congress as White House Retreats
(DBN)

Carlyle Sees Delay in Defaults Ahead Despite Central Bank Action
(DBN)

This chart shows traders are bringing forward their expectations for first Fed rate increase since pandemic
(DBN)

‘We need to do another stimulus package’: Former Obama economist
(DBN)

The U.S. Can’t Wait for New Covid Relief
(DBN)

White House chief of staff 'can't guarantee' U.S. government will avert December shutdown • President is wild card as shutdown fears grow
(DBN)

Nightmare Scenario: 300 Firms File for Bankruptcy Even with PPP Funding
(DBN)

The COVID-19 crisis didn’t just destroy businesses; it birthed some, too
(DBN)

Bill Gates: 7 Ways the World Changes on Covid
(DBN)

Covid-19 shakes up world’s most expensive city list
(DBN)

How short some households are at meeting monthly obligations because of COVID-19
(DBN)

Larry Summers' Tax Advice for Biden
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

Mortgage demand from homebuyers surges after election pause
(DBN)

Race to the Suburbs Sparks Boom in Rental-House Construction
(DBN)

U.S. Housing Starts Increased More Than Forecast in October
(DBN)

____________

Municipalities:

City of Flint, other defendants agree to settle water lawsuit
(DBN)

23 Million Reasons to Not Let States Fail
(DBN)

Biden Day 1 challenges: Cities getting desperate
(DBN)

____________

Oil/Gas:

Oil Crash Continues To Claim Bankruptcy Victims In U.S. Shale Patch
(DBN)

Gulfport Energy Files Bankruptcy, Secures Approval for $90MM DIP Financing
(DBN)

____________

Healthcare:

1,707 Covid Deaths in One Day • Highest daily death toll in 6 months
(DBN)

US Passes 250,000 Covid 19 Deaths
(DBN)

1 In Every 1,000 North Dakota Residents Has Been Killed By Covid
(DBN)

The pandemic is as bad as it's ever been
(DBN)

US military reports record 1,300 coronavirus cases in one day
(DBN)

Coronavirus testing is becoming overwhelmed again
(DBN)

‘Tired to the bone’: Hospitals overwhelmed with virus cases
(DBN)

900 Mayo Clinic Workers Caught Covid 19 in Two Weeks
(DBN)

NYC schools go all-remote; Cuomo warns of 'astronomical' positive test rates in state • NYC Reels on One-Two Punch From School Shutdown, Subway Outlook
(DBN)

African continent hits 2 million confirmed coronavirus cases
(DBN)

Brain complications 'increasingly reported' in virus patients with diabetes and hypertension
(DBN)

Is There COVID On That? CBS13 Swabs High-Touch Surfaces To Find Out
(DBN)

McEnany Claims White House Will Handle Covid-19 In ‘Second Trump Administration,’ Calls Most Guidelines ‘Orwellian’
(DBN)

America's COVID-19 response grows more nonsensical, even as the pandemic gets worse
(DBN)

Fox News panel erupts at a liberal guest for saying it's 'not time to joke' about COVID-19 as US deaths near 250,000
(DBN)

Photos of Gov. Newsom at French restaurant allegedly not following COVID-19 protocols
(DBN)

Pfizer’s Covid-19 vaccine just came a little closer to emergency approval
(DBN)

Coronavirus vaccines must be ‘a global, public good,’ WHO says
(DBN)

Oxford-AstraZeneca Covid vaccine shows robust immune response among older adults
(DBN)

Coronavirus vaccines' surprising effectiveness
(DBN)

The End of the Pandemic is in Sight
(DBN)

Now that two working Covid vaccines are within reach, we just have to get them to 7.8 billion people
(DBN)

Coronavirus vaccine shots could go to U.S. health workers in about a month
(DBN)

WHO warns vaccine won’t help countries fend off current wave of infections
(DBN)

Texas County Sends Emergency Text Alert To 4.7M Residents Requesting They Cancel Holiday Gatherings During COVID-19 Surge
(DBN)

TX Gov Won't Oder New Lockdown Measures
(DBN)

I'm a contact tracer in North Dakota. The virus is so rampant that we gave up.
(DBN)

'This is how we treat each other? This is who we are?'
(DBN)

More than 3 million people in U.S. estimated to be contagious with the coronavirus
(DBN)

7 things to do this Thanksgiving to stay safe and help prevent a Covid-19 spike
(DBN)

‘Thanksgiving could be a massive superspreader event,’ RI emergency doctor says
(DBN)

The next Covid-19 superspreading event: Thanksgiving
(DBN)

The coronavirus risk for a big Thanksgiving dinner in your community
(DBN)

Dr. Scott Gottlieb urges Covid stimulus, sacrifices: ‘This may be the last time’
(DBN)

Fauci praises Biden’s grasp of science: ‘There is no doubt it is better to have a smooth transition’
(DBN)

Twitter sings Dolly Parton’s praises for giving $1 million toward developing Moderna’s coronavirus vaccine
(DBN)

‘How Did We Not Know?’ Gun Owners Confront a Suicide Epidemic
(DBN)

____________

Student Debt:

Forgiving Student Debt Won't Do Much for the Economy
(DBN)

Refunding Student Loans Already Paid Is A Better Idea Than Forgiving Student Loan Balances
(DBN)

Joe Biden's plan to forgive student debt
(DBN)

Push for student loan forgiveness puts Biden in tight spot
(DBN)

____________

Hotels:

With Travelers Staying Home For The Holidays, How Can Hotels Survive The Pandemic?
(DBN)

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Education:

New International College Enrollments Plummet 43% Due To COVID-19
(DBN)

NYC Schools Close Again, Return to Remote Learning
(DBN)

Is This the End of College as We Know It?
(WSJ)

____________

Autos:

Auto defaults climb for fourth straight month
(DBN)

____________

Movie Theaters:

Cineworld considers CVA to survive the coronavirus crisis - FT
(DBN)

‘Wonder Woman 1984’ will debut in theaters and on HBO Max this Christmas
(DBN)

____________

Hotels:

71% of hotels won’t survive another six months without further government COVID relief
(DBN)

____________

Theater:

Bay Area Musicals Ends Six-Year Run, Files For Bankruptcy
(DBN)

____________

 
New Bankruptcy Opinions
(1 new opinion 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 (3 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:

US Chapter 11 bankruptcies surged to a decade-high in the 3rd quarter as stimulus dried up
(DBN)

Colorado taking unfortunate early lead for commercial bankruptcy filings in the region
(DBN)

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Finance:

Battles over ‘cov-lite’ loans signal long overdue correction in markets
(DBN)

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Litigation:

Dark Winter for Trial Lawyers
(DBN)

____________

Surety Bonds:

Be Careful What You Ask (or Don't Ask) For in Bankruptcy
(DBN)

____________

Insurance:

Protecting Delaware Insureds: Recent Decisions Highlight Importance of State Law, D&O Policy Provisions Governing Coverage, Forum, and Applicable Law
(DBN)

____________

Aviation:

U.S. airline CEOs renew request for more aid in letter to Congress
(DBN)


Bill Gates says more than 50% of business travel will disappear in post-coronavirus world
(DBN)

FAA clears Boeing 737 Max to fly again after 20-month grounding spurred by deadly crashes • FAA chief says conditions in 737 Max crashes are now ‘impossible’ after changes
(DBN)

'Too soon' to let Boeing 737 MAX fly again, say families of Lion Air crash victims
(DBN)

Brazil's Gol says could resume use of Boeing 737 Max by year's end
(DBN)

Even With 737 MAX Clearance, Covid-19 May Cause Overnight Closures In Aerospace Supply Chain
(DBN)

Can COVID testing on transatlantic flights free airline passengers from quarantine rules?
(DBN)

Flights with rapid testing are being dubbed 'covid-free,' but here's why that is a myth
(DBN)

TSA Accidentally Reveals It Believed DHS Was Downplaying COVID-19 in Lockstep with Trump White House
(DBN)

EU Seeks to Boost Rapid Covid Tests to Avoid Travel Chaos
(DBN)

Delta to block middle seats through March
(DBN)

Southwest Air Expands Layoff Threat With Warning to More Workers
(DBN)

Norwegian Air Shuttle files for protection from creditors • Norwegian Air Files For Bankruptcy Protection • Low-Cost Airline Norwegian Applies for Bankruptcy Protection… in Ireland
(DBN)

Asiana's creditor bank calls for support for Korean Air takeover plan
(DBN)

A door may be cracking open for Americans to travel to Europe again
(DBN)

As regulators prepare to weigh in on 737 MAX, FAA's global dominance fades
(DBN)

Bankrupt LATAM Airlines: No Fleet Exodus
(DBN)

____________

Mass Torts:

Boy Scouts Aim to Settle 95,000 Abuse Claims Before Cash Crunch
(DBN)

Boy Scouts' Lawsuits: What Comes Next?
(DBN)

J&J talc supplier sells assets to Magris Resources to emerge from Chapter 11
(DBN)

Claim Durability and Bankruptcy's Tort Problem
(DBN)

____________

Politics:

What’s next for Elizabeth Warren during Joe Biden’s administration?
(DBN)

Trump seeks to settle scores in final days
(DBN)

For Trump, sowing post-election chaos is the goal
(DBN)

Trump targets vote certification in late bid to block Biden
(DBN)

MI: GOP Want to Rescind Certification Votes
(DBN)

Trump team looks to box in Biden on foreign policy by lighting too many fires to put out
(DBN)

Trump challenges cement Biden triumph
(DBN)

CEOs abandon Trump
(DBN)

Trump Officials Quietly Reach Out to Biden
(DBN)

Progressive groups warn Biden that giving White House roles to anyone with Google ties, including its former CEO Eric Schmidt, would 'alienate' the nation
(DBN)

Trump wasn't just a rural phenomenon - most of his supporters come from cities and suburbs
(DBN)

Joe Biden Crosses 79 Million Votes, 10 Million More Than Any Other President in History • Biden vote tally getting close to 80 million
(DBN)

Georgia Recount: Biden Still Winning
(DBN)

Lindsey Graham says that Biden should begin receiving national security briefings even while Trump's election litigation plays out in court
(DBN)

'It's a terrible situation': Inside a government bureaucrat's pressure-filled decision to delay the transition
(DBN)

House Dems nominate Pelosi as speaker to lead into Biden era
(DBN)

Evangelical Pastor Claims People in Heaven Are 'Crying Out' About Voter Fraud: 'Angels Have Been Dispatched'
(DBN)

First big test of Trump's attempt to grab the electoral college was a failure
(DBN)

Trump campaign to request recount in two counties in Wisconsin, where he trails by more than 20,000 votes
(DBN)

GA: Election Audit Finds 3,039 More Votes
(DBN)

Trump's purge of defense agencies comes at a vulnerable time for US national security
(DBN)

Top Biden advisor could face ethics pressure as his brother lobbies for pharma firms
(DBN)

Manufacturers association calls on GSA to begin transition process
(DBN)

For Some, Joining the Proud Boys Was a Stop on the Way to Neo-Nazi Terror
(DBN)

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UK:

UK insolvency Reform – Crown Preference Returns from 1 December 2020
(DBN)

Arbitrating Insolvency Disputes? The English High Court Showcases Its Pro-Arbitration Stance Once Again
(DBN)

UK banks ready for 'painful' negative interest rates; market has baked them in
(DBN)

House prices rise as Covid sparks rural relocation
(DBN)

Britain is not pinning all hopes on U.S. trade deal, says minister
(DBN)

____________

PIIGS:

Italy’s Debt Will Grow by 20 Billion Euros to Finance Covid Aid
(DBN)

____________

Canada:

Everything's open and few are sick in Canada's Atlantic bubble
(DBN)

____________

France:

Conspiracy Video Goes Viral in Threat to France’s Vaccine Push
(DBN)

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Sweden:

Sweden Says Covid Resurgence Will Hurt Economy in Months Ahead
(DBN)

____________

Germany:

Merkel Under Fire as Virus Strategy Sparks Anger From All Sides
(DBN)

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Japan:

Japan’s daily virus cases surge past previous record high
(DBN)

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Brazil:

Bankruptcy Petitions Rise 18.4 Percent in October vs. September
(DBN)

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Venezuela:

Desperate for fuel, Venezuelans steal PDVSA crude and make their own gasoline
(DBN)

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South Korea:

GM warns labor unrest making South Korea untenable
(DBN)

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