October 27, 2020

The Daily Bankruptcy News

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Law:

Layoffs Come To Kirkland & Ellis, The World’s Wealthiest Law Firm
(DBN)

BigLaw firm lays off 43 business staffers
(DBN)

If You Haven’t Already Gotten A Biglaw Fall Bonus, You Probably Won’t
(DBN)

Law firms must do more effective damage control to survive
(DBN)

Black Davis Polk Lawyer Sees Harassment, Some Other Claims Nixed
(DBN)

NRA's Claim Against Winston & Strawn Can Move Forward, Judge Rules
(DBN)

Goldman Sachs attempted to cover up sexual misconduct by top lawyer, lawsuit claims Top Goldman Lawyers Accused of Covering Up Sexual Harassment Top Lawyers at Goldman Sachs Accused of Sexual Misconduct, Cover-Up and Retaliation

(DBN)

107-Year-Old Biglaw Attorney Dies Of Coronavirus Complications
(DBN)

The Law Fusion Paradigm
(DBN)

'I Lie Awake at Night' - New Study Highlights the Mental Toll of Law School Debt
(DBN)

2020 Is a Year of Discounts as Law Firms Prioritize Cash Flow
(DBN)

Kasowitz Benson Told To ‘Peddle [Their] Scare Tactics Elsewhere’
(DBN)

Election, Covid-19 Have Lawyers Prepping Companies for Change
(DBN)

Former Army Lt., Convicted for Ordering Murders and Pardoned by Trump, Says He Wants to Be a Lawyer
(DBN)

Posthumous bar admission granted in case of Black man who sought law license in 1882
(DBN)

How to maximize your business development during the COVID-19 crisis
(DBN)

A Florida man stole a bulldozer, knocked down a fence and stole Biden signs, police said
(DBN)

Lawyer is charged with operating sex-trafficking ring; woman says no one ever believed her
(DBN)

Judge Makes Johnny Depp's Lawyer Walk the Plank, Boots Him Off of the Amber Heard Case
(DBN)

Vandals ‘picked the wrong guy’ when they defaced my home for client work, BigLaw partner says NYC Home of Gibson Dunn's Mastro Vandalized Amid 'Spate of Attorney Harassment' Biglaw Partner’s Home Vandalized Over His Client In Controversial Case
(DBN)

Surprise! It’s Completely Wasteful For Clients To Impose Bespoke Billing Requirements.
(DBN)

Impeachment Lawyer Who Defended Trump Over Ukraine Was Involved in Hunter Biden Email Story
(DBN)

83 former D.C. federal prosecutors support changes to address racial bias
(DBN)

Police were a part of George Floyd’s life from beginning to end, an experience uncommon for most Americans, except other Black men
(DBN)

Eleven arrested after fights erupt between pro-Trump caravan protesters in Manhattan
(DBN)

FBI Sits on Report Detailing White-Supremacist Terror Threat
(DBN)

Homeland Security agencies prepare for civil unrest amid heightened tensions nationwide
(DBN)

Activist Who Calls Herself 'Trump in a Dress' Allegedly Recruited ‘Posse’ to 'Arrest' Ohio Governor, Sentence Him to ‘Exile’ or ‘Execution’
(DBN)

Miami nurse sues doctor colleague, says he ‘deliberately’ infected her with COVID-19
(DBN)

Woman Who Poured Gas on Sleeping Husband, Lit Him on Fire and Chased After Him While Naked Is Going to Prison
(DBN)

OH: 45 Missing Kids Found, 179 Arrested
(DBN)

5th Circuit judge blasts abortion procedure as ‘barbaric’ in dissent
(DBN)

______________

Judges:

Barrett confirmed by Senate for Supreme Court, takes oath Senate votes to confirm Amy Coney Barrett to Supreme Court
(DBN)

White House Planning SECOND Superspreader Event For Amy Covid Barrett! Barrett swearing-in differs markedly from ‘superspreader’
(DBN)

Issues important to Trump await Barrett on Supreme Court Amy Coney Barrett Quickly Enters Fray of Trump’s Acrimonious Legal Battles
(DBN)

What Kind of Justice Will Barrett Be?
(DBN)

How an anti-democratic Constitution gave us Amy Coney Barrett
(DBN)

Kavanaugh Tips Hand on How He Might Rule in Contested Election Case
(DBN)

Pennsylvania Democrats Hoping Amy Coney Barrett Won't Grant GOP's 'Rash and Unseemly' Mail-in Ballot Challenge
(DBN)

GOP senators power Barrett toward high court confirmation
(DBN)

Trump's taxes, election and abortion cases await Barrett's first week
(DBN)

Barrett ads tied to interest groups funded by unnamed donors
(DBN)

Amy Coney Barrett's philosophy has far worse roots than most Americans know
(DBN)

The 'Mominee': Supreme Expectations and Gender Bias in Amy Coney Barrett’s Confirmation
(DBN)

What history really tells us about putting Amy Coney Barrett on the Supreme Court
(DBN)

Trump v. Biden: Campaigns Lure Dream Teams for High Court Fight
(DBN)

Trump's imprint on federal judiciary gives Democrats a playbook
(DBN)

Republicans have already packed state supreme courts
(DBN)

How to safeguard progressive legislation against the Supreme Court: Poison pills
(DBN)

Should Democrats Pack the Supreme Court if Biden Wins?
(DBN)

No One Dared To Run Against 70% of Texas District Judges —And That's the Way It's Always Been
(DBN)

Chicago: 115 employees in the Office of the Chief Judge have tested positive for the coronavirus
(DBN)

______________

Wall Street:

Stock futures rise slightly as market tries to rebound from Monday’s big sell-off
(DBN)

Dow slides more than 800 points amid spike in U.S. coronavirus cases S&P 500 Tumbles Most in a Month on Virus Spread: Markets Wrap Stocks tumble as Covid-19 cases surge and stimulus is nowhere to be found Stocks have their worst day in a month as virus cases surge Dow drops 650 points as rise in COVID-19 cases underlines risks to recovery
(DBN)

It’s been years since investors have been this fearful of a stock market crash, Nobel-winning economist warns
(DBN)

Wall Street banks and their staff are leaning left
(DBN)

______________

Layoffs:

Derby Lane plans layoffs as dog racing nears end
(DBN)

Charles Schwab to lay off 1,000 workers following merger with TD Ameritrade
(DBN)

Remington Arms to Lay Off 585 in New York
(DBN)

Tenneco will cut about 350
(DBN)

______________

Transit:

BART to slash costs, with possible service cuts, layoffs on horizon: ‘This is not sustainable’
(DBN)

____________

Climate:

California sees new wildfires break out as powerful 100-plus mph winds buffet state
(DBN)

100,000 Californians Told To Evacuate As Strong Winds Fuel Wildfires
(DBN)

California blackouts open new chapter in state's climate fight
(DBN)

Japan, world's third-largest economy, vows to be carbon neutral by 2050
(DBN)

Key player in war on climate change? The Pentagon
(DBN)

GM and Ford knew about climate change 50 years ago, energy trade publication has uncovered
(DBN)

____________

Healthcare:

US health official says pandemic clearly can be controlled
(DBN)

Average daily new U.S. coronavirus cases hit record, Gottlieb warns of ‘exponential spread’
(DBN)

El Paso imposes curfew as virus cases overwhelm hospitals
(DBN)

Overwhelmed hospitals in Utah face a tough decision
(DBN)

US hospitals are preparing for the worst-case scenario as Covid-19 surges again
(DBN)

Hospitals nationwide see flood of patients
(DBN)

US hits highest 7-day average of cases
(DBN)

Fauci: USA still in first wave of infections
(DBN)

‘It’s Not Going To Be A Dark Winter, It’s Going To Be A Great Winter’: President Trump In Pa. As COVID-19 Cases Surge
(DBN)

Global pandemic hits home in the West Virginia mountains
(DBN)

Minnesota reports three Covid-19 outbreaks related to Trump campaign events in September
(DBN)

Coronavirus deaths are rising again in the US, as feared
(DBN)

Other states are watching COVID-19 rates rise. California's coronavirus numbers are steady
(DBN)

Texas now tied with California for most Covid-19 cases in country
(DBN)

'60 Minutes' says the huge book Trump's press secretary presented to Lesley Stahl as his 'healthcare plan' was largely filled with existing legislation
(DBN)

With the election 8 days away, Trump lies about why coronavirus rates are hitting record highs and calls the media 'losers' for covering the surging pandemic
(DBN)

As the coronavirus surges, it is reaching into the nation's last untouched areas
(DBN)

Medicare and Medicaid to cover early Covid vaccine
(DBN)

All-In Push for Vaccine in U.S. Raises Risk Virus Will Linger
(DBN)

Astra-Oxford Vaccine Stays Near Front of Line Despite U.S. Delay
(DBN)

Antibody Defense Against Covid Wanes Over Time, Study Suggests
(DBN)

The U.S. and Europe are losing the coronavirus battle
(DBN)

How Silicon Valley coronavirus cases spread may surprise you
(DBN)

____________


Economy:

You're Not Welcome Here: How Social Distancing Can Destroy The Global Economy
(DBN)

As virus resurges, so does fear of more economic pain ahead
(DBN)

Dallas Fed: "Texas Manufacturing Expands for Fifth Straight Month" in October
(DBN)

The Rust Belt boom that wasn't: Heartland job growth lagged under Trump
(DBN)

Caterpillar reports 54% drop in quarterly earnings
(DBN)

Americans’ debts are mounting, putting new focus on Biden’s role opposing bankruptcy protections
(DBN)

Trump fights in court to block pandemic food aid for lowest-income Americans
(DBN)

Consumer companies pitch discounts, bargain products as economic malaise looms
(DBN)

Eight High Frequency Indicators for the Economy
(DBN)

The White House and Pelosi accuse each other of 'moving the goalposts' on a stimulus deal, as the prospect of funding before Election Day slips further away ‘It’s about midnight’ for stimulus deal, key GOP senator says Mitch McConnell just adjourned the Senate until November 9, ending the prospect of additional coronavirus relief until after the election Stimulus Hopes Put On Hold Until After Election as Senate Leaves
(DBN)

Jared Kushner says Trump's policies can help address the problems Black Americans have been 'complaining' about, but they have to 'want to be successful' Kushner's revealing comment on Black Americans' desire for success Kushner: Blacks are Lazy and Unambitious
(DBN)

Trump's Carrier deal fades as economic reality intervenes
(DBN)

Ted Cruz claimed that Trump didn't promise to cut the federal debt. But eliminating it was a major part of the president's 2016 campaign — and he hasn't come close
(DBN)

‘It’s a desperate moment’: Newark mayor imposes new Covid restrictions as cases surge
(DBN)

Chicago mayor sets curfew for nonessential businesses due to COVID-19
(DBN)

China Ramps Up Imports From U.S. as Trade Deal Target Looms
(DBN)

Container lines expect U.S. import binge to lose steam
(DBN)

The Real Winner of the Work-From-Home Economy
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

The Best Laid Plans: How a Proposed Sale of NYC Real Estate Under Section 363 of the Bankruptcy Code Went Awry
(DBN)

Rent Payment Tracker Since May 2019
(DBN)

The Three Cs of Post-Forbearance
(DBN)

Ex-Disney CFO claims lawyer squatting in his $2.2M Connecticut mansion
(DBN)

MBA Survey: "Share of Mortgage Loans in Forbearance Decreases Slightly to 5.90%"
(DBN)

New Home Sales decreased to 959,000 Annual Rate in September A few Comments on September New Home Sales U.S. new home sales drop; record low mortgage rates underpinning demand Holy smokes — new home sales are up 32.1% year over year
(DBN)

6 ways to avoid falling behind on your mortgage payments
(DBN)

____________

Oil/Gas:

Energy stocks plummet amid oil sell-off driven by threats of boosted production
(DBN)

BP beats third-quarter estimates and swings back to profit BP Narrowly Avoids Third-Quarter Loss BP CEO: Second Wave Of COVID Hits Oil Demand Harder Than Expected
(DBN)

Oil Holds Losses on Demand Gloom as Stimulus Prospects Recede
(DBN)

Electric Vehicle Market Hits Its Tipping Point
(DBN)

Kinder Morgan: Charting A US Midstream Recovery
(DBN)

The US shale industry’s top priority: win back Wall Street
(DBN)

Big Oil loses refining crutch with margins crushed last quarter
(DBN)

____________

Movie Theaters:

Studio Movie Grill Gets Lease Relief In Ch. 11 Case
(DBN)

A Lack Of Vision Is Driving AMC To Bankruptcy. What’s Next?
(DBN)

____________

Fraud:

Is Record Whistleblower Award A Lavish Reward Or Major Screw Job?
(DBN)

____________

Education:

VMI superintendent resigns after Black cadets describe relentless racism
(DBN)

'Zoom U' students try to make the best of it
(DBN)

Group sees 14% increase in child Covid-19 cases with close to 800,000 US kids infected
(DBN)

Are Schools Safe? Kids Might Still Be a Covid-19 Risk
(DBN)

____________

Gig Economy:

Uber and gig companies spend nearly $200 million to knock down an employment law they don't like - and it might work
(DBN)

____________

Food/Beverage:

From Midtown to Ghost-town: A Note on Defending Small Restaurant Owners from Crippling Contractual Enforcements in the Age of COVID-19
(DBN)

Rubio's Coastal Grill Hits Ch. 11 In Del. With $82M Debt Western U.S. restaurant chain Rubio's files for Chapter 11 bankruptcy
(DBN)

____________

Sports:

The Big Ten's 21-day rule for positive coronavirus tests could make its first major impact
(DBN)

Why the NBA is considering a condensed offseason and a December start date
(DBN)

____________

Retailing:

J.C. Penney lenders say they're facing 'economic terrorism'
(DBN)

JCPenney sale hits potential road bump J.C. Penney Lenders Led by Aurelius Seek to Slow Property Sale JC Penney Finalizes Ch. 11 Sale Terms As Lender Fight Looms
(DBN)

Walmart Is Bringing Back the One Thing Customers Have Missed Most
(DBN)

U.S. Warehouse Jobs Top Pre-Covid Levels as Online Sales Boom
(DBN)

U.S. Holiday Sales Forecasts Vary on Savings, Stimulus Effects
(DBN)

Holiday shoppers are coming to town with health checklist: survey
(DBN)

With plans for 350 store closures, Gap flees the mall
(DBN)

The naked truth about apparel's future
(DBN)

One year in: Mark Tritton's turnaround at Bed Bath & Beyond
(DBN)

Carter's to close at least 200 stores
(DBN)

____________

Advertising:

Retail Ad Spending To Drop This Holiday Season As Shoppers Shift Online
(DBN)

____________

Mass Torts:

Scouts’ abuse claims may become largest case against a single national organization
(DBN)

____________

Autos:

Garrett Motion Preserves $2.6 Billion Stalking Horse Bid for Business
(DBN)

Elon Musk is set to receive the 4th tranche of his Tesla compensation package worth $3.5 billion
(DBN)

Tesla paid CEO Elon Musk $3 million to provide indemnity for directors, officers
(DBN)

____________

Celebs:

Bond billionaire Bill Gross allegedly blasted the ‘Gilligan’s Island’ theme on loop during dispute with neighbors Rich People Blast Gilligan’s Island Theme On Loop In Dumb Legal Throwdown
(DBN)

____________

Nursing Homes:

They Work In Several Nursing Homes To Eke Out A Living, And That Spreads The Virus
(DBN)

____________

Mail:

Ex-postal worker charged with tossing absentee ballots
(DBN)

Vote-by-Mail Window May Be Closed, Advocates Say, Urging Ballot Drop-Off
(DBN)

____________

Gambling:

Sheldon Adelson’s Last Roll of the Dice May Be His Boldest Adelson Cashing Out of Vegas Would Come at Trying Time for City
(DBN)

____________

Tech:

YouTube will add Election Day warning label: ‘Results may not be final’
(DBN)

Mark Zuckerberg’s dad said he could go to Harvard or have a McDonald’s franchise
(DBN)

Twitter labels Trump post about mail ballots as ‘disputed’ and ‘misleading’
(DBN)

____________

Hotels:

Famed New York City Roosevelt Hotel to Close
(DBN)

____________

Firearms:

Union: Furloughed workers at Remington plant terminated
(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 (16 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (16 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:

Judges expect 'tsunami' of bankruptcies
(DBN)

Bond defaults deliver 99% losses in new era of U.S. bankruptcies
(DBN)

Weekly Bankruptcy Claims Trading Activity
(DBN)

______________

Subchapter V:

New Chapter 11 laws offer small businesses a timely, cost-effective lifeline
(DBN)

____________

Bankruptcy Bonuses:

Bonuses before bankruptcy: Companies doled out millions to executives before filing for Chapter 11
(DBN)

____________

Avoidance Actions:

Fraudulent Transfer–Distinguishing Between A “Recipient” And A “Transferee” (Jalbert v. Gryaznova)
(DBN)

____________

Miscellaneous:

Global Insolvency Report: Impact of Covid-19 on Insolvency Laws
(DBN)

____________

Aviation:

Japanese Airline ANA Forecasts Its Biggest Ever Loss
(DBN)

EasyJet Sells Jets to Add $400 Million to Cash Reserves
(DBN)

The world needs common travel protocols, Dubai Airports CEO says
(DBN)

Dubai in Talks on London Air-Travel Agreement to Boost Demand
(DBN)

New business jet travelers help fuel order recovery during pandemic
(DBN)

Spirit cuts purchase price for Bombardier aerostructures unit as COVID-19 hits industry
(DBN)

____________

Fraud:

Hanover Fights Bid To Move Fraud Row To Bankruptcy Court
(DBN)

____________

Fitness:

City orders gyms to close for 30 minutes every hour to clean
(DBN)

____________

Politics:

Thousands of Marylanders line up to cast ballots on first day of early voting
(DBN)

TX Gov to order 1,000 troops to Texas cities during election
(DBN

MI: Sheriffs Won't Enforce Gun Bans at Polls
(DBN)

Police Struggle to Protect Voters and Avoid Intimidation at Polls
(WSJ)

62 Million Already Voted
(DBN)

Black Americans are fired up and flocking to the polls
(DBN)

Georgia’s legacy of voter suppression is driving historic Black turnout
(DBN)

Suburban women could be Trump’s undoing
(DBN)

Poll: Trump ahead of Biden by single digits in Texas
(DBN)

Trump’s Rural Edge Shrinks With Enthusiasm Fading in Key States
(DBN)

Trump Threatens ‘Fake News Cartel’ For Reporting ‘COVID, COVID, COVID’ Trump: News About Covid Should be Illegal
(DBN)

Biden stretches lead in MI, WI, PA Biden '93% Chance' Of Winning PA Biden goes on offense in Georgia while Trump targets Midwest
(DBN)

Former Goldman Sachs president Harvey Schwartz makes late big donation to Joe Biden
(DBN)

White House McEnany once praised Biden as 'man of the people' who resonates with middle class
(DBN)

Worst place, worst time: Trump faces virus spike in Midwest
(DBN

Trump Pins Hopes on Rallies That Could Be Sealing His Defeat
(DBN)

More than 200,000 Alabama absentee votes already cast
(DBN)

Mississippi absentee voting continues to increase
(DBN)

Jaime Harrison bets on 'New South' coalition in his against-the-odds bid to oust Sen. Lindsey Graham
(DBN)

Seeking power in Jesus' name: Trump sparks a rise of 'Patriot Churches'
(DBN)

Pence is putting others at risk by campaigning after coronavirus exposure, experts say Democrats urge Pence to stay away from Senate for Barrett vote because of latest White House coronavirus outbreak Pence backs down: Aide says he will not preside over Amy Coney Barrett vote after staffers get COVID
(DBN)

Security company that sought ex-Special Forces to guard Minnesota polls agrees to stay out of state, attorney general says
(DBN)

Trump Had One Last Story to Sell. The Wall Street Journal Wouldn’t Buy It.
(DBN)


China's Kashgar had a coronavirus outbreak. Within two days, 4.5 million people were tested.
(DBN)

In 2018, Florida enfranchised former felons; they're still fighting for the right to vote
(DBN)

Democrats target districts in Trump territory as party grows optimistic about expanding House majority
(DBN)

Coronavirus cases are surging again. Some states have refused to loosen rules on who can vote by mail.
(DBN)

Trump eyes hosting election night party at his DC hotel
(DBN)

Fact check: Trump makes at least 16 false or misleading claims to '60 Minutes'
(DBN)

Democratic senators warn the filibuster may have to go if they take back the Senate and GOP stands in the way
(DBN)

'You will never, never get your credibility back': Schumer warns GOP that they have no right to tell Democrats how to run things when they're the majority after Barrett's confirmation
(DBN)

Supreme Court sides with GOP in refusing to extend Wisconsin deadline for absentee ballots received after Election Day SCOTUS: Radical Implications of Wisc. Ruling
(DBN)

Poll watcher submits affidavit alleging Houston judge and election staff committed voter fraud: report
(DBN)

____________

UK:

KPMG puts UK restructuring unit up for sale
(DBN)

EU Rolls Brexit Tanks Onto U.K. Hedge Fund Lawn
(DBN)

Brexit makes Britain ‘less useful to the U.S.,’ says former top diplomat
(DBN)

UK Firms Dread Brexit Border Breakdowns
(DBN)

Key Brexit Software Won’t Be Ready on Time, Developers Warn
(DBN)

Lagging Labor Market Sees Slow Recovery in U.K. Cities
(DBN)

Boris Johnson Hit by Lockdown Revolt From More Than 50 Tories
(DBN)

____________

EU

Lockdowns Loom for European Governments Running Out of Options
(DBN)

European shares sink to one-month lows as COVID-19 cases surge
(DBN)

ECB Stimulus Signal Sought as Euro Economy Sinks Into Gloom
(DBN)

Europe Banks’ Weak Link Battles to Dodge Title of Biggest Loser
(DBN)

____________

PIIGS:

Italy, not wanting a lockdown again, shows peril of targeted restrictions Italy Readies New Virus Relief Package Amid Mounting Protests
(DBN)

Spain to Raise Taxes on Companies and the Rich in Draft Budget
(DBN)

____________

France:

French doctor warns his country has ‘lost control’ of virus
(DBN)

____________

Hungary:

Hungary Posts Record Virus Deaths as Viktor Orban Shuns Tough Measures
(DBN)

____________

Germany:

Merkel Wants to Shutter Restaurants in Battle Against Virus
(DBN)

____________

India:

The Insolvency and Bankruptcy Code, 2016 Interpreted-Constructed by the Supreme Court of India
(DBN)

____________

Australia:

Australia’s Still-Deferred Loans Among Riskiest, Bullock Says
(DBN)

____________

MENA:

What Ails Arab Economies Is Older Than Covid-19
(DBN)

____________

South Africa:

How the Virus Worsened South Africa’s Debt Woes
(DBN)

____________

China:

Can China’s Covid Recovery Continue?
(DBN)

____________


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