November 25, 2020

The Daily Bankruptcy News

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Due to the Thanksgiving holiday, The Daily Bankruptcy News will not publish on Thursday and Friday, November 26 and 27, 2020



Law:

Top 25 Am Law Firm Announces Special Bonuses — But There’s A Catch
(DBN)

Cravath announces two bonuses of up to $140K and Paul Weiss follows
(DBN)

Goodwin to Pay Special Bonuses, Expects to Match Cravath Scale
(DBN)

Milbank Announces Bonuses: What Does That Mean For The Biglaw Compensation Leader Race?
(DBN)

Skadden Announces Year-End Bonuses And Makes Up For Lost Time
(DBN)

Leading Biglaw Firm That First Refused Special Bonuses Includes Them With Their Cravath Match
(DBN)

Big Law Avoids ‘Lost Generation’ with Remote First-Year Programs
(DBN)

The Law Firm Office Isn't Dead, And Neither Is Open Space
(DBN)

Lawyers Calling Themselves ‘Doctor’ Is Still Stupid: Trump Lawyer Edition
(DBN)

Dan Crenshaw Declares That Fourth Amendment Protects Thanksgiving (Psst… It Doesn’t)
(DBN)

Former Biglaw General Counsel Disbarred Amid Allegations He Misappropriated $2.5 Million
(DBN)

Court Calls Out Non-Lawyer For Filing Mandamus Petition in Texas
(DBN)

Can being forced to listen to ‘Baby Shark’ be considered cruel and unusual punishment?
(DBN)

ATL’s Legally Themed Halloween Costume Contest: The Winner (2020)
(DBN)

In a first, San Francisco DA charges on-duty cop with homicide
(DBN)

Nebraska man who threatened neighbor with chainsaw for being ‘black’ arrested
(DBN)

Rich Americans Are Increasingly Looking for Second Passport
(DBN)

Texts: US census manager told counters to use fake answers
(DBN)

Bail reform in this county didn’t have any impact on new criminal activity, new study says
(DBN)

Man Raped 14-Year-Old Girl While Out on Bail for Sexual Assault of Another Minor: Police
(DBN)

DOJ makes no ‘overt moves’ to investigate claims of widespread voter fraud conspiracy
(DBN)

Crybaby Rand Paul Upset That U.S. Attorney Won’t Investigate Nonexistent Crimes
(DBN)

Pennsylvania Blasts Trump Bid to ‘Sow Chaos’ in Ballot Suit
(DBN)

Pennsylvania Urges Third Circuit to Put Trump Campaign's 'Frankenstein's Monster's Monster' Lawsuit Out of Its Misery
(DBN)

'Tears and Legal Bills': Legal Experts Point and Laugh as Trump's Legal Team Sweats It Out at Third Circuit
(DBN)

Inside the Fake Michigan Voter Fraud Scandal
(DBN)

Pro-Trump Congressman Called Out for Claiming in Lawsuit That He Was Harmed by Winning Election
(DBN)

Democrats Compare Trump’s Legal Team to Monty Python Sketch in Response to Pennsylvania Appeal
(DBN)

Trump to Appear at GOP Voting Fraud Hearing
(DBN)

Trump Insists: I Will Still be President
(DBN)

Trump Claims Lawsuit Will Prove Voter Fraud
(DBN)

Donald Trump Shares Deep State Conspiracy Article That Says 'We Are at War'
(DBN)

Trump Worried His ‘Elite Strike Force’ Legal Team Is Full Of Gibbering Idiots Trump Wonders If He Should Have Gone With A Lawyer From The Yellow Pages Instead Of Leaky Rudy
(DBN)

Predicting a second Trump term, Sidney Powell says 'massive' Georgia lawsuit coming by Thanksgiving eve
(DBN)

Trump probably can't pardon himself. He may still try
(DBN)

Trump Is Reportedly Discussing Plans To Pardon Michael Flynn, Other Aides
(DBN)

Jailers interrupt Ghislaine Maxwell’s sleep to check her breathing, lawyer says Maxwell’s Lawyers Say Jail Has Her in ‘De-Facto Solitary’ Lockup
(DBN)

Alleged cartel boss arrested over slaughter of Mormon family in Mexico
(DBN)

______________

Judges:

Texas judge will plead guilty to violating his own stay-at-home order
(DBN)

Trump-Appointed Judge Ensures That Lin Wood’s Bizarre Subpoena of the Atlanta Hawks Won’t Go Anywhere
(DBN)

Judge Emmet Sullivan Will Oversee Voting Rights Act Case Accusing Trump of Anti-Black Campaign to Overturn Election
(DBN)

Judge’s threat to add lawyer to pro bono list could be seen as punitive, 6th Circuit says
(DBN)

Liberal Lawyer Group Ready with Judicial Nominee List for Biden
(DBN)

McConnell Reportedly Told Trump To Nominate Barrett On Night Of Ginsburg’s Death
(DBN)

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Wall Street:

Dow futures fall slightly a day after the average soars past 30,000
(DBN)

Global stocks hit record high as Biden transition, vaccines brighten outlook
(DBN)

Dow soars past 30,000 for first time ever on vaccine hopes, Biden transition
(DBN)

Markets Throw a Welcome Party of Sorts for Biden
(DBN)

______________

Layoffs:

Willoughby-Eastlake City Schools lay off more than 200 employees
(DBN)

A fifth of North Sea oil companies expect job cuts in 2021
(DBN)

Clariant plans to cut 1,000 jobs amid divestments
(DBN)

IBM Planning About 10,000 Job Cuts
(DBN)

______________

Healthcare:

New York hospital warns of possible mass layoffs, bankruptcy
(DBN)

Hospitals Cancel Surgeries to Preserve Staff During Covid Surge
(DBN)

Most Americans are still vulnerable to the coronavirus
(DBN)

California seemingly corralled coronavirus. Now, cases are surging.
(DBN)

Cuomo: COVID hospitalizations in New York up 128% in 3 weeks
(DBN)

U.S. is ‘in the middle of the Fight of the Century,’ says former CDC head as cases rise in 45 states, hospitalizations set record
(DBN)

It’s not just the Midwest: The U.S. outbreak is accelerating all over the map.
(DBN)

Rural Americans Stopped Staying In. Then Covid-19 Hit.
(WSJ)

Oregon Gov. Kate Brown urges people to call cops on COVID-19 rule breakers
(DBN)

Horrifying aerial photos show 50 refrigerated trucks filled with bodies of 650 unclaimed COVID-19 dead being kept on Brooklyn waterfront 8 months after the city's pandemic peak
(DBN)

Keep the mask: A vaccine won’t end the US crisis right away
(DBN)

Covid-19 Transmission Risk From Using Cash is Low, Study Finds
(DBN)

Biden team receives Operation Warp Speed briefing, Azar says, after weeks of delays
(DBN)

Texas hospitals prepare to administer Covid vaccine shots in less than three weeks
(DBN)

Evidence Builds That an Early Mutation Made the Pandemic Harder to Stop
(DBN)

Covid Test Crunch Means Hours-Long Waits Before Thanksgiving
(DBN)

'Don't be like my family': Fifteen relatives got Covid-19 after a small gathering
(DBN)

Travis Kalanick's $37 million NYC penthouse was reportedly the site of a large party where no one was wearing a mask
(DBN)

Pandemic Thanksgiving plans pivot after a surge in coronavirus cases
(DBN)

One third of parents said gathering with family members at Thanksgiving is 'worth the risk of' coronavirus, according to a poll
(DBN)

Thanksgiving could make or break US coronavirus response
(DBN)

Millions of people are flying across the US for Thanksgiving, ignoring CDC advice
(DBN)

NYC Will Have Covid Checkpoints at Key Bridges and Crossings
(DBN)

Fifth Circuit Reverses Itself, Dealing Significant Setback to Planned Parenthood in Texas
(DBN)

Disruption? - Health care is going digital and that could make it ‘almost free,’ says tech investor Tim Draper
(DBN)

____________

Retailing:

How Guitar Center went from jukebox hero to latest pandemic bankruptcy
(DBN)

What Does the Guitar Center Bankruptcy Mean?
(DBN)

Gap's profit falls 32% as marketing expenses rise Gap earnings fall short, sales beat, as retailer ‘optimistic’ about the holidays
(DBN)

American Eagle posts 3% quarterly sales decline on pandemic hit
(DBN)

Nordstrom shares rise as retailer shows signs of recovery
(DBN)

Inside the invisible retail underclass working through the holidays, as booming online sales turn warehouse workers into 'the backbone of our economy'
(DBN)

Thanksgiving Canceled? Christmas Shopping Isn’t.
(DBN)

Wadle Steps Up to J. Crew Group CEO; Singer Departs J.Crew Names New CEO
(DBN)

Retailers already fear U.S. holiday 'shipageddon'; now here come vaccines
(DBN)

FedEx, UPS Can’t Get Enough Vans to Keep Up With Delivery Rush
(DBN)

____________


Economy:

Winter is coming, and millions may lose their jobs in restaurants and hospitality
(DBN)

U.S. Consumer Confidence Declines More Than Forecast
(DBN)

Indicators show consumers expect conditions to worsen in the next six months
(DBN)

Note: November Employment Report Will Show a Decrease of 93,000 Temporary Census Workers
(DBN)

What Janet Yellen Doesn’t Know
(DBN

$169 bn for 29,000 lives? Study calculates cost of US shutdowns
(DBN)

More than 125 economists, including Obama's former top economic advisor, have signed a letter urging Congress to send a second round of $1,200 stimulus checks
(DBN)

Fraudulent Jobless Claims Swamp Illinois
(DBN)

Washington's Stimulus Triumph Remains Underrated
(DBN)

AOC and Ted Cruz clash over stalled COVID-19 relief bill Ocasio-Cortez knocks McConnell for dismissing Senate without passing COVID-19 relief
(DBN)

Mnuchin will put $455 billion in Fed funds out of Yellen’s reach without approval of Congress
(DBN)

Texas food bank doubles amount of people it serves amid coronavirus pandemic
(DBN)

Warren Buffett wants more small-business aid, less income inequality, and a robust economic recovery. He'll be happy to have Janet Yellen as treasury secretary
(DBN)

Elon Musk overtakes Bill Gates to be world's second-richest person
(DBN)

Deutsche Bank Considering 40% Permanent Work-From-Home Policy
(DBN)

Trump’s tariffs could give Biden ‘leverage’ over China: ex-U.S. trade negotiator
(DBN)

MIT: How the Workforce Will Change in the Future
(DBN)

America’s Largest Private Companies
(DBN)

Where Midwesterners struggle, Trumpism lives on
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

Home prices see biggest spike in 6 years in September, according to S&P Case Shiller Case-Shiller: National House Price Index increased 7.0% year-over-year in September
(DBN)Another record low mortgage rate just caused demand to jump for both refinances and home purchases
(DBN)

Freddie Mac: Mortgage Serious Delinquency Rate decreased in October
(DBN)

Home Prices Gain Most on Record With Low Rates Driving Demand
(DBN)

The legally murky eviction of a North Carolina single mother — despite the CDC’s moratorium: ‘Nobody’s enforcing it’
(DBN)

____________

Municipalities:

Supreme Court Denies Bondholders’ Claim on Puerto Rico’s Pension Plan
(DBN)

Court rejects Puerto Rico bondholders’ claim against federal government
(DBN)

Pennsylvania use of coronavirus relief to backfill budget raises stir
(DBN)

Chicago Passes $12.8 Billion Budget With More Taxes
(DBN)

The Case for Bailing Out Cities and States
(DBN)

____________

Oil/Gas:

Oil Market Sends Most Bullish Signal in Months
(DBN)

Noble Shares Reorganization Update
(DBN)

The oil sector's new methane pledge
(DBN)

The Real Reason Oil Prices Went Negative In April
(DBN)

Texas oilfield services firm files for bankruptcy
(DBN)

UK Oil Sector Business Confidence Slashed
(DBN)

____________

Religion:

Bankruptcy filing was best for victims and diocese
(DBN)

____________

Education:

A ‘trend of more failing’: Online school has sent F’s spiking by 83 percent in Virginia’s largest school system
(DBN)

____________

Politics:

Trump claims he directed his administration to start Biden's transition process even as he continues to say he won the election
(DBN)

Gallup says Trump exit approval worse than Jimmy Carter’s, lowest ‘for a US president’
(DBN)

Krugman: Trump Wars II: The Loser Strikes Back
(DBN)

Paul Ryan calls on Trump to concede race and end lawsuits
(DBN)

Wisconsin GOP Chair Says Republicans Are 'Trying to Disenfranchise People,' Amid Post-Election Turmoil
(DBN)

Charles Koch: I "screwed up"
(DBN)

Trump Posts Series of Bewildering, Deranged Videos From Actor Randy Quaid — And a Call to ‘Re-Vote’ the 2020 Election
(DBN)

Most Republicans in new poll say they'd vote for Trump in 2024
(DBN)

Democrats are waiting out Trump's 'temper tantrum,' but there may be long-term consequences of the GOP's election subversion
(DBN)

Pennsylvania certifies Biden's election victory in blow to Trump
(DBN)

Laura Ingraham told viewers that Biden would be the next president and suggested anyone saying otherwise was lying Laura Ingraham says that Biden will be president: 'This constitutes living in reality'
(DBN)

No, you cannot move to Georgia just to vote in the Senate runoffs
(DBN)

Biden says outreach from Trump admin has been 'sincere' as transition begins
(DBN)

Joe Biden Getting The Band Back Together
(DBN)

Biden's response to the transition starting hints at how worried he is about the damage Trump has done to the federal government
(DBN)

Biden Fills Out National Security Team, Seeking Reset
(DBN)

What Biden actually promised about replacing Education Secretary Betsy DeVos
(DBN)

Biden’s foreign policy team lays out a national security vision that differs sharply from Trump’s
(DBN)

Biden Has the Team Obama Always Wanted
(DBN)

Mattis: Time to Stop This America First Stuff
(DBN)

What's behind the disturbing appeal of QAnon?
(DBN)

He's an ex-Proud Boy. Here's what he says happens within the group's ranks
(DBN)

Record 788K people request ballots ahead of Georgia runoff elections
(DBN)

Trump Junks Treaty & Planes Designed to Stop Nuclear War
(DBN)

____________

Pharma:

Purdue Pharma pleads guilty to charges related to nation's opioid crisis OxyContin maker Purdue Pharma pleads guilty to three criminal charges
(DBN)

____________

Student Debt:

Debt Relief on Day One
(DBN)

How To Bankrupt Your Student Loans
(DBN)

____________

Coal:

US coal exports to 7 of top 10 destinations declined in Q3'20
(DBN)

____________

Transit:

Bankruptcy judge approves Monorail sale to LVCVA
(DBN)

____________

Celebs:

A Bankrupt Boris Becker Just Got Accused of Hiding Over $1.3 Million and All of His Tennis Trophies
(DBN)

____________

Cosmetics:

Revlon Is Bombed Out But Not Bust
(DBN)

____________

Forest Products:

Northwest Hardwoods Plans Speedy Trip Through Ch. 11
(DBN)

____________

Autos:

Ford orders 12 ultra-cold freezers to distribute COVID-19 vaccines to employees
(DBN)

____________

Sports:

NFL expands mask mandate, threatens to discipline violators
(DBN)

____________

 


New Bankruptcy Opinions
(5 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (8 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (6 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:

March of the Zombies Is Coming Soon
(DBN)

Pandemic fallout is about to overwhelm the bankruptcy system—and hit small businesses hardest
(DBN)

______________

Bankruptcy Policy:

Distorted Choice in Corporate Bankruptcy
(DBN)

____________

Jurisdiction:

FERC aims for 5th Circuit review of pipeline shipper bankruptcy questions
(DBN)

____________

Tax:

IRS reiterates PPP-paid expenses not deductible if loan forgiven
(DBN)

CARES Act – IRS Guidance Regarding M&A Transactions and Deductibility of PPP Loan Expenses
(DBN)

____________

Mediation:

Refusing a Mediation Opportunity
(DBN)

____________

Cannabis:

Up in Smoke: The Effect of Marijuana Legalization on Personal Bankruptcy
(DBN)

____________

Aviation:

Airlines See Losses Swelling to $157 Billion Before Virus Clears IATA says airlines set to lose close to $160bn, exceeding most dire estimates
(DBN)

Airbus CEO: No Full Recovery Until 2025
(DBN)

'You should fly': Southwest Airlines CEO said traveling by plane is safe, despite the CDC and infectious disease experts warning against air travel
(DBN)

Boeing's 737 Max gets tentative nod from European regulator
(DBN)

Boeing’s 737 Max Is a Saga of Capitalism Gone Awry
(DBN)

Norway extends duration of pandemic loan guarantees to airlines
(DBN)

What will it take for India’s oldest private airline to fly again?
(DBN)

Philippine Airlines Says It’s Readying Restructuring Plan Philippine Airlines plans court protection as pandemic hits finances
(DBN)

South Africa Could Sells Shares in Restructured National Airline
(DBN)

____________

Circuses:

Cirque du Soleil emerges from bankruptcy protection Cirque du Soleil expects to be back flying high by 2022 Cirque du Soleil Revival Includes Return of U.S. Shows Next Year
(DBN)

____________

Food/Beverage:

California Pizza Kitchen emerges from bankruptcy with significantly less debt This Beloved Pizza Chain Was Just Saved From Bankruptcy
(DBN)

Manhattan Grocer Dean & DeLuca Gets Ch. 11 Plan Approval
(DBN)

How 13 casual chains are turning sales around
(DBN)

LA County joins Oregon, New Mexico in banning outdoor dining
(DBN)

DC allocates $35M for restaurants as new restrictions loom
(DBN)

Restaurant workers out of work again as virus surges anew
(DBN)

____________

History:

A historian on the perils of chaotic White House transitions
(DBN)

____________

Clubs:

Lifetime Memberships May Not Be For Life if Bankruptcy Intervenes
(DBN)

____________

Sovereigns:

Senegal Cautions Against Private-Debt Relief for African Nations
(DBN)

____________

UK:

The EU thanks Joe Biden for his 'clear support' in Brexit dispute with the UK
(DBN)

Brexit a Symptom of a Civil War in Capitalism
(DBN)

Goldman in Paris Is Another Blow for London
(DBN)

U.K.’s Pandemic Bond Burden Seen Hitting Half-a-Trillion Pounds
(DBN)

By freezing pay and benefits, Sunak will be leveling down, not up
(DBN)

U.K. Carmakers Warn of $74 Billion Brexit Blow
(DBN)

Irish Sausages at Risk as Brexit Negotiators Scramble For Deal
(DBN)

Will There Be A Third National Lockdown In The New Year?
(DBN)

Row Over England Flu Shots Prompts Fear of Covid Vaccine ‘Chaos’
(DBN)

____________

EU:

Business activity is plunging in Europe
(DBN)

ECB warns bank profits will ‘remain weak’ throughout next year
(DBN)

ECB Warns European Banks May Need More Bad-Loan Provisions
(DBN)

____________

PIIGS:

Spain’s mortuary workers endure the daily march of death
(DBN)

____________

Canada:

Insights on bankruptcy, financial restructuring and insolvency in Canada
(DBN)

Kenney's lockdown is severe but holds out hope for businesses to survive
(DBN)

____________

Norway:

Norwegian billionaire businessman fears a historic wave of bankruptcies in 2021
(DBN)

____________

France:

How Restructuring Due to the COVID-19 Pandemic is Likely to Reshape France's Economic Landscape
(DBN)

____________

China:

Recognition of Hong Kong Insolvency Proceedings in Mainland China – A Test Case in the Making?
(DBN)

____________

Australian:

Australian State Overhauls Hotel Quarantine After Mystery Cases
(DBN)

____________

Sweden:

Sweden Says It Sees No Signs Herd Immunity Is Stopping the Virus
(DBN)

____________

Thailand:

Foreign Tourists Return to Thailand for First Time Since March
(DBN)

____________

Austria:

Austrian lenders can cope with 2021's wave of insolvencies, cbank says
(DBN)

____________

Sweden:

Swedish Life Expectancy to Drop Due to Covid-19 Pandemic
(DBN)

____________

India:

Pre-pack scheme: Insolvency resolution time may be cut to just 3-4 months
(DBN)

____________

MENA:

What you need to know about the revised UAE bankruptcy law
(DBN)

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