October 20, 2020

The Daily Bankruptcy News

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3-Column Formating

 

Law:

This Am Law 100 Firm Has Reversed All Salary Cuts, And Is Making Good On Promise Of Back Pay
(DBN)

Biglaw Firm Won’t Give Associates Fall Special Bonuses, But Makes Vague Promises About Year End Bonuses
(DBN)

Biglaw Firms That Are Paying Below Market Thanks To COVID Cuts And Bonus Denials May Be Sorry
(DBN)

Am Law 100 Firm Reverses Course On COVID Cuts, Restores Full Pay
(DBN)

BigLaw firm offers buyouts to staff members
(DBN)

Metrics of the NewLaw Model
(DBN)

Not All Biglaw Firms Are Pushing Their First-Year Start Dates Into 2021
(DBN)

Goodwin Trans Lawyer Makes Equity Partner, One of Few in Big Law
(DBN)

Law School Professor Resigns After Using The N-Word In Class
(DBN)

Attorney General Barr attacks the media, defund the police movement in speech to law enforcement leaders
(DBN)

Trump Jr: Dad Needs to Break Up the FBI
(DBN)

DOJ: Trump Denial of Rape an Official Act
(DBN)

Ghislaine Maxwell denied from keeping Epstein testimony secret Ghislaine Maxwell’s Allegedly Perjurious 2016 Deposition About Jeffrey Epstein Won’t Be Secret for Much Longer
(DBN)

Supreme Court to hear two cases over Trump’s anti-immigration efforts Remain-in-Mexico policy for asylum-seekers will be reviewed by Supreme Court Supreme Court will rule whether Trump can divert military funds for border wall
(DBN)

Jeffrey Toobin Suspended For Exposing Himself New Yorker suspends Jeffrey Toobin after he reportedly exposed himself on Zoom call
(DBN)

Did Rudy Giuliani Just Cop To Possessing Child P---?
(DBN)

Facebook suspends account of alleged Russian agent with ties to Giuliani
(DBN)

As George Floyd languished behind bars, a Texas town and a private prison profited
(DBN)

Security Guard Formally Charged with Murder in Fatal Shooting at Conservative Rally in Denver
(DBN)

Lawyer With Five Drunk Driving Arrests Gets Suspension
(DBN)

Appeals Court Tosses Texas Voter Protections: Right to Vote Is Not Guaranteed by Due Process Clause of Constitution
(DBN)

California may replace cash bail with algorithms
(DBN)

TX: Social Workers Can Turn Away LGBTQ
(DBN)

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Judges:

Federal court, attorneys collaborate for a bankruptcy seminar
(DBN)

Obergefell AND Hodges Unite To Oppose Amy Coney Barrett
(DBN)

They’ll Neither Reverse Roe Nor Pack The Court
(DBN)

Ted Cruz Supported an 8-Justice Supreme Court if Clinton Won in 2016. Now He’s Preemptively Striking Against Court Packing.
(DBN)

Senate GOP eyes Oct. 26 for confirming Barrett to Supreme Court
(DBN)

Former Federal Judge Who Was on Bush’s SCOTUS Shortlist Says Amy Coney Barrett Will Have to Recuse Herself from Election Cases
(DBN)

Man Arrested for Allegedly Threatening to Murder Federal Judge, Whose Home Address He Bought Online New Jersey Man Arrested For Threatening to Kill Federal Judge
(DBN)

Senate Republicans To Propose Constitutional Amendment Banning ‘Court-Packing’
(DBN)

Reagan-Era U.S. Solicitor General Argues Packing the Court May Be 'Necessary' to Counter 'Reactionary' SCOTUS
(DBN)

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Wall Street:

U.S. stock futures rise as Pelosi, Mnuchin work toward stimulus deal
(DBN)

Stocks Tumble as Wall Street Monitors Stimulus Negotiations Wall Street closes lower as stimulus deadline nears without deal Stocks close with losses as Wall Street watches for stimulus progress
(DBN)

Global equities decline on COVID lockdown fears
(DBN)

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Layoffs:

Fed’s Bostic Warns More Permanent Layoffs Pose Risk to Recovery
(DBN)

NYC YMCAs lay off nearly half of staff over staggering COVID financial hit
(DBN)

Robot judges that determine guilt or innocence will be 'commonplace in 50 years'
(DBN)

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Food/Beverage:

Applebee's franchisee files for Chapter 11 bankruptcy
(DBN)

Dave & Buster’s Seeks Liquidity From $500 Million Junk Bond
(DBN)

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Event Facilities:

Hudson Yards Event Venue Goes Bankrupt After Virus Cancellations
(DBN)

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Politics:

Debate Commission To Mute Candidates' Mics At Start Of Each Segment Facebook Twitter Flipboard Email
(DBN)

Poll: Americans Plan To Follow Election Returns Closely
(DBN)

Cities brace for Election Day chaos
(DBN)

Right Wing Militias: There Will be Unrest and Dead Civilians
(DBN)

Gallup: More Voters Than in Prior Years Say Election Outcome Matters
(DBN)

More Americans Giving Up on Democracy
(DBN)

McConnell aims for unity amid growing divisions with Trump
(DBN)

Trump reportedly got bored during one of his first classified briefings on Afghanistan and ordered milkshakes in the middle of it
(DBN)

50 Cent endorses Trump, saying ‘I don’t care he doesn’t like black people’
(DBN)

Trump Campaign Plowed Through $1 Billion
(DBN)

The hidden factors that could produce a surprise Trump victory
(DBN)

Shock Poll: Biden +18
(DBN)

The Pollster Who Thinks Trump is Ahead
(DBN)

Why People Who Hate Trump Stick With Him
(DBN)

Trump delivers expletive-filled pep talk to campaign staff
(DBN)

Trump Will Have $900 Million Of Loans Coming Due In His Second Term If He’s Reelected
(DBN)

Can President Trump win an Electoral College majority in 2020?
(DBN)

Final tally: Group says 67,000 felons registered in Florida after Amendment 4
(DBN)

Rudy Giuliani said he chose to release his Hunter Biden story to the New York Post because he knew other outlets would scrutinize it too much Questionable 'N.Y. Post' Scoop Driven By Ex-Hannity Producer And Giuliani NY Post story goes massive on social media despite crackdowns Even Fox News Passed on Sketchy Biden Laptop Story Former Intel Officers; Biden Hard Drive Story is Russian Disinformation Everything We Know About Biden Hard Drive Hunter Wanted His Hard Drive Back
(DBN)

Fact-checking claims about Hunter Biden, Joe Biden, and China
(DBN)

8Chan Kicked Offline, Russia Rescues It
(DBN)

Trump launches a frenzied effort to save his brand
(DBN)

Trump Calls Biden 'Criminal' Calls Reporter 'Criminal'
(DBN)

‘It's beautiful’: Trump says women like him because he improved dishwasher pressure
(DBN)

Donald Trump has a problem: White women in Pennsylvania ‘Our house is on fire’: Suburban women lead charge vs. Trump
(DBN)

It looks like antipathy to Trump has flipped the Colorado Senate race
(DBN)

Will Kansas turn blue?
(DBN)

Texas leads nation in early voting totals, with 4 million ballots cast
(DBN)

Opening day of early voting in Florida draws thousands of voters Florida breaks first-day early voting record with 350K ballots cast Trump, Biden dial up efforts to boost early voter turnout in Florida
(DBN)

30 Million Already Voted
(DBN)

Court reinstates Texas's process for tossing absentee ballots over mismatched signatures
(DBN)

Ballot Drop Box Catches Fire Outside CA Library
(DBN)

Supreme Court denies Pennsylvania GOP request to limit mail-in voting Chief Justice Roberts Prevents Conservative Colleagues from Handing GOP a Stay in Significant Pa. Mail-in Ballot Counting Case
(DBN)

Trump narrows Biden's lead in Pennsylvania: poll
(DBN)

In the wake of COVID-19, Gen Z is more excited than ever to vote
(DBN)

It’s the most important election in our lifetime, and it always will be
(DBN)

John Cornyn becomes the latest Senate Republican to ramp up criticism of Trump
(DBN)

Trump says he will take coronavirus test before debate with Joe Biden
(DBN)

At Least 67 Billionaires Made Six-Figure Donations To Committees Supporting Joe Biden In Last 3 Months
(DBN)

Biden the ‘Socialist’ vs. Trump the ‘Caudillo’: The Battle for the Venezuelan Vote
(DBN)

'Black lives matter': Navy SEAL who oversaw bin Laden raid says he voted for Joe Biden
(DBN)

USA Today breaks tradition by endorsing Joe Biden
(DBN)

Nearly 300 former national security officials sign Biden endorsement letter
(DBN)

____________

Religion:

Lawyers challenge Archdiocese of Santa Fe land transfers
(DBN)

Colorado Catholic dioceses pay $6.68 million to sex abuse survivors
(DBN)

____________

Guns:

Remington judge proposes streamlined bankruptcy exit
(DBN)

____________

Mass Torts:

Canadian town Asbestos opts for less carcinogenic name
(DBN)

____________

Utilities:

Ohio GOP lawmakers favor remake of tainted energy bill
(DBN)

____________

Economy:

The Fed is starting to question its own policies
(DBN)

Americans' trust in the Fed keeps falling
(DBN)

Fed’s intention to leave rates alone may get sidetracked, Jim Bianco warns
(DBN)

Bostic says the Fed needs to address racial economic impact from coronavirus
(DBN)

The FOMC and Fed governors have become less important as decision-making revolves around Chairman Powell
(DBN)

Consumer confidence surveys show Americans are getting nervous
(DBN)

Fed's Bostic says significant portions of U.S. recovery are weak or nonexistent
(DBN)

Average credit scores rose slightly over the summer, despite record unemployment and economic pain
(DBN)

America's jobs market is in crisis -- no matter who wins the election
(DBN)

These charts show how CARES Act savings are running out for unemployed Americans
(DBN)

Seven High Frequency Indicators for the Economy
(DBN)

The 2020 holiday season may just kill Main Street
(DBN)

Goldman Sachs' top economist says the size of a Democratic majority win in the Senate would be critical to the amount of stimulus it passes Goldman Sachs says Democratic sweep would unleash ‘substantially’ more stimulus Markets are pricing in a Biden victory and Democratic Senate to fuel massive stimulus in 2021, JPMorgan says White House spokeswoman says cautiously optimistic on coronavirus stimulus deal
(DBN)

Americans could face a long wait for more money if stimulus talks fail
(DBN)

Republicans and Democrats are clashing over another stimulus package. Here are 7 areas of disagreement holding up $1,200 checks and coronavirus relief Pelosi and Mnuchin make progress in stimulus talks, plan to speak again Tuesday
(DBN)

As Washington scrambles for more bailout money, the Fed sits on mountain of untapped funds
(DBN)

Republicans and Democrats are clashing over another stimulus package. Here are 7 areas of disagreement holding up $1,200 checks and coronavirus relief
(DBN)

Ex-Fed Chair Janet Yellen says extraordinary stimulus is needed so long as the pandemic presents an economic threat
(DBN)

Desperate for a stimulus check, millions of jobless Americans have nearly exhausted their savings
(DBN)

‘I’m terrified, frankly’: These people are depending on another stimulus bill to stay afloat
(DBN)

Report shows manufacturing tea kettle
(DBN)

Biden's progressive new friends get ready to grip the US economy
(DBN)

Krugman: Why Biden Will Need to Spend Big
(DBN)

Wisconsin judge reimposes capacity limit on indoor venues amid COVID surge
(DBN)

D.C. adds eight states to 'high-risk' travel list
(DBN)

Glamorous Miami club caught in power struggle over the virus
(DBN)

DOT: Vehicle Miles Driven decreased 12.3% year-over-year in August
(DBN)

New Hampshire Sues Massachusetts in U.S. Supreme Court for Taxing Remote Workers 'In the Middle of a Global Pandemic'
(DBN)

Here’s what the tax rate could be for high earners under Biden’s plan
(DBN)

"Corporate redlining" has cost Black neighborhoods millions
(DBN)

The Foxconn Wisconsin Deal Was Never Real Inside Foxconn's Empty Wisconsin Factory
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

Lawler: Early Read on Existing Home Sales in September
(DBN)

NAHB: Builder Confidence Increased to 85 in October, Record High Homebuilder sentiment sets another record high in October Builder confidence breaks previous 35-year record high
(DBN)

Mortgage forbearance rate falls to lowest level since mid-April at 5.92% MBA Survey: "Share of Mortgage Loans in Forbearance Declines to 5.92%"
(DBN)

WeWork's chairman said Adam Neumann 'may have violated' the terms of his $185 million consulting contract with his former company, and that it's is no longer in effect
(DBN)

1 Struggling Mall REIT May Have Just Saved Itself From Bankruptcy
(DBN)

____________

Municipalities:

Bankruptcy judge OK’s LUMA Energy contract to manage PREPA’s T&D system
(DBN)

____________

Oil/Gas:

Delaware Bankruptcy Court Rules That Midstream Gathering Agreements Failed to Create Covenants Running With the Land
(DBN)

Gulfport Energy Prepares to File Chapter 11 in Houston as Soon as This Week to Restructure Debt; Aims to Enter RSA Including DIP Financing Prior to Petition
(DBN)

Oil industry unlikely to recover until 2022
(DBN)

Cut-Price Deals Show Shale’s Rapid Decline From Debt-Fueled Boom
(DBN)

The oil industry is in trouble. ConocoPhillips is doubling down Sale shows it’s hard to be ‘stand-alone’ company
(DBN)

Oil Industry Turns to Mergers and Acquisitions to Survive
(DBN)

Halliburton eyes slimmer shale industry but more profitable future
(DBN)

OPEC+ Is On The Brink Of A Crisis
(DBN)

U.S. Renewable Energy Consumption Hits Record
(DBN)

____________

Autos:

More False Data Emerges From Firm That Took Over Takata
(DBN)

____________

Education:

Hybrid school might be the worst of both worlds
(DBN)

Man Caught Sexually Assaulting 7-Year-Old Girl During Victim's Online Class: Prosecutors
(DBN)

Schools haven't become COVID hotspots
(DBN)

____________

Fitness:

Fitness studios moved outside to stay afloat. Now winter is coming.
(DBN)

____________

Movie Theaters:

AMC CEO says reopening New York theaters is ‘a monumental step forward’
(DBN)

____________

Lehman:

The Lehman Trilogy
(DBN)

____________

Climate:

Drought in western U.S. is biggest in years and predicted to worsen during winter months
(DBN)

Tropical Storm Epsilon forms, as Atlantic nears record for busiest hurricane season
(DBN)

Bill Gates: 'Shutting down' economy 'nowhere near sufficient' to stop climate change
(DBN)

____________

Labor:

Trump administration moves to make it easier to discipline federal workers
(DBN)

____________

Sports:

As if the college football season hasn't been weird enough, now here comes the Big Ten
(DBN)

Fans brawl in stands despite social distancing rules
(DBN)

____________

Theme Parks:

Disneyland unions tell California governor resort can be reopened safely
(DBN)

____________

Environmental:

Exide is getting away with polluting minority neighborhoods. That’s unconscionable
(DBN)

____________

Glass:

Libbey To Shed $300M Debt With Its Approved Ch. 11 Plan
(DBN)

____________

Festivals:

Country USA, Rock USA to file for bankruptcy Rock USA Organizers File For Bankruptcy and Vow to Refund Ticketholders
(DBN)

____________

Maritime:

Ocean Tankers Weeks Away From Insolvency Singapore's Ocean Tankers wants to return most ships to owners - sources
(DBN)

____________

Distressed Investing:

Lynn Tilton Is Back in Court, Seeking to Buy Map Maker She Sued
(DBN)

____________

Agribusiness:

The Water War on the U.S.-Mexico Border Has Just Begun
(DBN)

____________

Coal:

Natural Gas Quickly Outpacing Coal
(DBN)

____________

New Bankruptcy Opinions
(4 new opinions 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 (26 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:

BlackRock Says Scale of Restructuring May Exceed 2008 Crisis
(DBN)

Weekly Bankruptcy Claims Trading Activity
(DBN)

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Litigation:

Burford Capital Makes Debut On New York Stock Exchange
(DBN)

____________

Bankruptcy Strategy:

The Development of Collateral Stripping by Distressed Borrowers
(DBN)

____________

Cross-Border:

Selecta Determination Provides Further Guidance on Chapter 15 and Bankruptcy Credit Events
(DBN)

____________

Aviation:

The Trump administration let aviation companies lay off more than 16,500 workers while taking coronavirus relief funds — some used the money to pay executives — according to a congressional report
(DBN)

Airline shares jump after TSA screenings topped 1 million, a 7-month high TSA Marks 1 Million Passengers Screened, Remains Slumped Over 65% From 2019
(DBN)

Air travel is back? Before buying airline stocks on TSA’s latest upbeat figures, check out this chart
(DBN)

Flybe set to fly again after brand is rescued
(DBN)

Creditors back plan to get India’s Jet Airways flying again Jet will need more capital post-rescue
(DBN)

India likely to ease Air India offer, let suitors decide on taking debt
(DBN)

New British Airways boss Sean Doyle warns UK 'will get left behind' if quarantine rules remain
(DBN)

'Nine in 10 workers must reskill' at added cost of £13bn a year
(DBN)


____________

Consumer Finance:

Why Do People Get Payday Loans? Here’s How it Breaks Down By Income, Age and Location
(DBN)

____________

Retailing:

Stein Mart's IP up for sale
(DBN)

US consumers reportedly seek bargains as employment picture darkens
(DBN)

Life after liquidation: Why some brands thrive after closing shop and others don't
(DBN)

What September's retail sales rebound means for the holidays
(DBN)

Target to pay more than $70 million in bonuses to hourly employees
(DBN)

5 retail holiday predictions for 2020
(DBN)

When Shoplifting Is A Felony: Retailers Back Harsher Penalties For Store Theft
(DBN)

Shoppers plan to visit fewer stores than ever this holiday season, survey says
(DBN)

Tiger Group COO Reflects on Retail in the Age of COVID-19
(DBN)


____________

Healthcare:

Lakes Region General Hospital files Chapter 11 bankruptcy LRGH files for Chapter 11 bankruptcy, will stay open as Concord bids on assets Owner of Franklin and Laconia hospitals declares bankruptcy; Concord Hospital seeks to buy them
(DBN)

Coronavirus hospitalizations are growing in 37 states
(DBN)

Don't Kill Grandma: Top Houston doc urges against small gatherings this Thanksgiving
(DBN)

Sweet 16 party leaves dozens infected, hundreds quarantining
(DBN)

New U.S. Coronavirus Cases March Higher
(WSJ)

Trump is 'sitting' on $9 billion earmarked for COVID-19 testing because of a controversial advisor, report says
(DBN)

Birx confronted Pence about Atlas
(DBN)

Axios-Ipsos poll: Trump's sickness makes him harder to trust
(DBN)

20% of verified coronavirus patients did not develop immunity
(DBN)

Coronavirus ‘circuit breakers’ and ‘firebreaks:’ What are they and do they work?
(DBN)

Global COVID-19 cases top 38.9 million as trial of promising therapy finds it does not stop patients from dying
(DBN)

The US is betting on 3 types of coronavirus vaccines, one of which is totally unproven - How they differ
(DBN)

California to independently review FDA-approved coronavirus vaccines
(DBN)

Dr. Gottlieb: U.S. in 7th inning of pandemic but ‘hardest part’ likely ahead The next wave of the coronavirus is gaining steam
(DBN)

WHO: The US and Europe still aren't quarantining correctly, and that's why we're headed for a COVID-19 disaster this winter
(DBN)

They Knew: Trump Administration Only Lied To The Public About Coronavirus Dangers
(DBN)

Trump reportedly slammed Anthony Fauci as 'a disaster' on a campaign phone call Trump lumps Fauci among 'idiots' but suggests he won't fire him Trump escalates attacks on Fauci as Election Day nears, COVID cases surge GOP Sen. Lamar Alexander defends Fauci amid Trump attacks Trump, Fauci Now at Each Others' Throats
(DBN)

Trump's den of dissent: Inside the White House task force as coronavirus surges
(DBN)

Government watchdog will probe Trump officials’ interference at CDC, FDA
(DBN)

Dr. Fauci Now Power Walks Under Security Detail After Getting Death Threats
(DBN)

Virus outbreak linked to hockey rink grows to 30 cases
(DBN)

Trump keeps on holding rallies even as Covid-19 cases surge
(DBN)

Trump vs Biden on Medicare: How each wants to modify the insurance program
(DBN)

____________

Corporate Reform:

Weakened U.S. consumer watchdog expected to bite back if Biden wins election
(DBN)

____________

Sovereigns:

Why Foreign Debt Forgiveness Would Cost Americans Very Little
(DBN)

Zambia’s Debt-Relief Vote Sets Tone for Stormy Restructuring
(DBN)

Argentina Bond Rout Blows Up the Template for Debt Restructuring
(DBN)

____________

UK:

UK Government announces reform to pre-pack administrations
(DBN)

Maximum value from a Part 36 offer
(DBN)

The biggest British business groups urge the UK and EU to reach a deal on post-Brexit trade
(DBN)

Bank boss: UK facing 'unprecedented economic uncertainty'
(DBN)

Firms urged to get ready for new EU relationship
(DBN)

____________

PIIGS:

Ireland moving back into lockdown as coronavirus cases surge
(DBN)

Italy Faces 50-50 Risk of Being Downgraded by S&P, Deutsche Says
(DBN)

____________

Canada:

Canada keeps border closed as Covid-19 cases spike in U.S.
(DBN)

____________

India:

Independence and Impartiality of Resolution Professionals Under Indian Law: Filling the Gaps or Creating Law?
(DBN)

____________

Belgium:

Belgium facing 'tsunami' of new infections
(DBN)

____________

China:

China shows the rest of the world what's possible when you control Covid-19
(DBN)

____________

Argentina:

Argentina becomes 5th country to report 5 million coronavirus cases
(DBN)

____________

Australia:

The Future Remains Uncertain as Australia Introduces Its New Debtor-in-Possession Insolvency Laws
(DBN)

Law Council calls for SME insolvency reforms to be fast-tracked
(DBN)

____________

Sweden:

Sweden's top epidemiologist defends coronavirus strategy
(DBN)

____________

Thailand:

The Interplay Of Insolvency Law And Arbitration In Thailand.
(DBN)

____________

Venezuela:

Venezuela’s Government Seeks to Revive Moribund Debt Talks
(DBN)

____________

Brazil:

Militias control more than half of Rio
(DBN)

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