October 29, 2020

The Daily Bankruptcy News

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Law:

LeClairRyan gave joint venture ‘unprecedented control’ and priority payments, bankruptcy trustee says LeClairRyan trustee sues law firm’s former ULX joint venture for $128M
(DBN)

Wind Down Of Bankrupt Biglaw Firm Gets Messy
(DBN)

Candice Kline Joins Saul Ewing Arnstein & Lehr’s Bankruptcy and Restructuring Practice
(DBN)

Genovese Joblove Adds 5 Litigators Amid Rise in Bankruptcy Work
(DBN)

Baker McKenzie Financials Up Following Flat 2020
(DBN)

The Next Generation Is Toughest to Defend in Legal Talent Battle
(DBN)

Many BigLaw firms are quietly laying off staff members, recruiters say
(DBN)

Maybe Supreme Court Clerks Aren’t Worth The Money
(DBN)

Lawyers Should Be Less Serious Sometimes
(DBN)

Heather Heyer, Bankruptcy Paralegal - The vote that will not be counted
(DBN)

ADA Suit Alleging California Bar Exam Discrimination Tossed
(DBN)

Attorney’s Kavanaugh Defense Highlights How Rape Culture Permeates Powerful Legal Circles
(DBN)

Rudy Loses It During Fox News Interview
(DBN)

Lawyer says he was racially profiled while jogging
(DBN)

Disgraced white NYPD officer who was jailed for just 15 days for hurling racist abuse at a black mother in her Nashville home is ordered to pay her $1million
(DBN)

Store Security Guard Stabbed 27 Times After Asking Sisters To Wear Masks
(DBN)

Uber Driver Walloped Over Mask Demand
(DBN)

Judge strikes down Michigan ban on open carry weapons at polling locations
(DBN)

Is the U.S. Already in a New Civil War?
(DBN)

'This Guy Is an Idiot': 69-Year-Old Man Allegedly Attacked 84-Year-Old Over Joe Biden Sign
(DBN)

Armed Biden and Trump supporters involved in violent clash outside Democratic rally in Georgia
(DBN)

Man arrested with knife and wooden baton at Trump campaign event
(DBN)

The Philadelphia police shooting of Walter Wallace Jr., explained Citywide Curfew Philadelphia pledges better response after Black man's death National Guard responds as protests over Walter Wallace killing engulf Philadelphia
(DBN)

Yale: Black people 'disproportionately killed' by police over last 5 years
(DBN)

Breonna Taylor Grand Juror Says There Was ‘Uproar’ in Room When Prosecutors Only Pursued Wanton Endangerment Case
(DBN)

Ghislaine Maxwell strip-searched every 3 hours in jail to stop suicide
(DBN)

Police chief killed by rooster
(DBN)

Federal Judge Rules Texas Voters, Poll Workers Not Exempt From Statewide Mask Mandate Trump-Appointed Judge: Mask Exemptions at Poll Sites Discriminate Against Black and Latino Voters
(DBN)

Maryland man arrested after trying to vote without a mask has sued, saying rights were violated
(DBN)

More Than 2,000 Attorneys Say Trump Is Assaulting U.S. Democracy in a 'Slow Motion' Coup
(DBN)

FBI arrests five in alleged ‘Operation Fox Hunt’ plot to stalk and pressure citizens to return to China
(DBN)

At least 18 former ABA presidents sign call to safeguard election process
(DBN)

Sanctions for Attorney in Monsanto Roundup Case Reversed
(DBN)

Woman Allegedly Impersonates Prosecutor, Drops Charges Against Herself
(DBN)

19-year-old man sentenced to 25 years for shooting, killing Florida K-9
(DBN)

Lawyer held in contempt for trial no-show due to Covid concerns
(DBN)

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Judges:

BK WD TX: Public Notice regarding Reappointment of Bankruptcy Judge Gargotta
(DBN)

ABA urges Congress to prioritize judicial security amid recent attacks on judge and court officer
(DBN)

Bitter fight over Barrett fuels calls to nix filibuster, expand court
(DBN)

Joe Biden Has Thoughts On Term Limits For Supreme Court Justices
(DBN)

Facts Are Difficult For Brett Kavanaugh Vermont Demands Supreme Court 'Correct' Brett Kavanaugh's 'Erroneous Claim' in Voting Rights Case
(DBN)

Full Panel of Federal Judges, Including Three Trump Appointees, Unanimously Reject Judicial Watch’s Effort to Depose Hillary Clinton
(DBN)

Brett Kavanaugh's Protégé Justin Walker 'Baselessly Smears' Military Attorneys in Bizarre Opinion
(DBN)

The Son of Former Supreme Court Justice Anthony Kennedy Helped Trump Secure Loans at Deutsche Bank
(DBN)

______________

Wall Street:

Dow futures rise as Street tries to recover from worst sell-off in months
(DBN)

Global stocks steady after second-wave turmoil
(DBN)

Dow -943 S&P gains for October are gone and Dow industrials skid 850 points amid resurgent COVID fears Wall Street sinks 3%, Dow at late July lows as pandemic surges
(DBN)

Don’t count on a ‘blue sweep’: Markets are starting to get jittery over the possibility of another divided government in Washington post-election
(DBN)

Wall Street is spooked, but it should have seen the fall coronavirus surge coming
(DBN)

This billionaire protégé of George Soros has returned about 30% a year for decades — here’s his gloomy take on what’s next
(DBN)

Wall Street spent over $74 million to back Joe Biden, topping Trump’s haul
(DBN)

Pandemic's latest spread triggers surge in VIX 'fear gauge' for U.S. stocks
(DBN)


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Layoffs:

Boeing to cut thousands more jobs as pandemic hits aircraft demand Boeing will lay off another 7,000 workers as losses mount
(DBN)

Children's Minnesota eliminating 150 jobs in midst of COVID-19
(DBN)

Remington Layoffs Roil Ilion, N.Y., One of America’s Oldest Factory Towns
(WSJ)

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Religion:

Diocese bankruptcy allows orderly compensation for abuse claims
(DBN)

Pope says "lady" COVID must be obeyed, forgoes mask
(DBN)

____________

Tech:

Jack Dorsey: Twitter has no influence over elections
(DBN)

____________

Education:

New York’s School Reopening is Not Proceeding as Planned
(DBN)

New Jersey school district pledges to protect at least one ritual from pandemic upheaval: The snow day
(DBN)

U.S. test scores decline for lowest-performing students in math, reading
(DBN)

____________

Gig Economy:

Court rules that California Uber drivers could not establish 'political coercion'
(DBN)

____________

Healthcare:

Hospital Bankruptcy Surge Looms as Virus Rages, Stimulus Lapses
(DBN)

FBI Warns on Ransomware Attack on Hospitals
(DBN)

Covid cases, hospitalizations continue to surge as U.S. reaches ‘critical point’ in pandemic
(DBN)

The Covid-19 tipping point doctors fear most is getting closer
(DBN)

Amid record-breaking number of new cases, White House suggests the crisis is over
(DBN)

Biden shuns easy virus answers; Trump vows to ‘vanquish’ it
(DBN)

White House: About That Bit About Pandemic Being Over
(DBN)

Trump's testing czar: COVID surge "is real" and not just caused by more tests
(DBN)

Fauci: COVID-19 vaccine likely not available until next year
(DBN)

COVID-19 is claiming more lives than the official data indicates
(DBN)

WHO says Covid vaccine trial updates are ‘encouraging’
(DBN)

US judge requires face masks in all Texas polling locations
(DBN)

U.S. Covid trajectory looks ‘a lot like Europe’ as cases rise, Gottlieb warns
(DBN)

Dr. Fauci Tells Australians That Covid in the US is ‘Getting Worse and Worse’ and Might Not Get Close to Normal Until 2022
(DBN)

Finland's Covid sniffer dog trial 'extremely positive': researchers
(DBN)

‘Trump’s in charge — not the doctors’: Jared Kushner bragged about ignoring medical experts to Bob Woodward
(DBN)

Fact-checking Trump's closing arguments on covid-19
(DBN)

‘Covid Toes’, Rashes, And Hives: New Research Underpins Covid-19’s Long-Term Skin Impact
(DBN)

____________


Economy:

As Washington delays stimulus, the Fed is running out of ways to help the economy The Fed has done nearly all it can do — and it's now up to Congress to further aid the economy, ex-New York Fed president says
(DBN)

Nobel laureate Joseph Stiglitz on how to fix the economy during and after the pandemic
(DBN)

Record U.S. third-quarter growth assured as goods trade deficit falls, inventories rise Record U.S. third-quarter growth expected; healing from COVID-19 still a long way
(DBN)

Global economic rebound at risk from rising coronavirus cases: Reuters poll
(DBN)

U.S. corporate spending plans could stumble as risks rise
(DBN)

The post-Covid ‘zombification’ of advanced economies is here to stay, EIU warns
(DBN)

Trump testing czar warns local officials may impose 'draconian measures' to combat COVID-19
(DBN)

Europe and US facing new round of shutdowns amid virus surge
(DBN)

Biden’s polling lead adds to market fears the economy will need to wait until next year for stimulus
(DBN)

Lockdowns, business rollbacks threatened amid surging virus
(DBN)

CNBC’s Jim Cramer Warns of Dow Doom Ahead of Possible New Lockdowns: Everyone is ‘Fearful’
(DBN)

44 VS 45: Who has better record on economy?
(DBN)

Best of times, or the worst? A voter's guide to U.S. GDP
(DBN)


Multiple jobs keeps laid off workers from receiving hundreds of dollars in unemployment
(DBN)

Tariffs Didn't Fuel Revival for American Steel
(WSJ)

Ted Cruz is asked why national debt is paramount to Republicans only when a Democrat is in the White House
(DBN)

Trump to women: ‘We’re getting your husbands back to work’
(DBN)

Gov. DeWine asks for $5 billion dividend to further support Ohioans during coronavirus pandemic
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

Homebuyer demand may have peaked as mortgage applications eke out a weekly gain
(DBN)

Manhattan Bosses Pull Back Expectations for Return-to-Office
(DBN)

Zillow Case-Shiller House Price Forecast: "Annual growth in September as reported by Case-Shiller is expected to accelerate"
(DBN)

MBA: Mortgage Applications Increase in Latest Weekly Survey
(DBN)

San Francisco Supes Offer Fiscal Life Raft To Cash-Strapped Landlords
(DBN)

Colorado's attorney general warned trailer park landlord not to tie raising rent to election
(DBN)

Developer tied to Texas AG accused judge, others of fraud Developer linked to Texas AG Ken Paxton says loan holders, judge conspired to steal his properties Paxton investigation looked into Paul’s conspiracy allegations Ken Paxton's Whistleblowers Have All Been Fired, Put on Leave or Left
(DBN)

Trump Defends Skating on Bank Loans
(DBN)

____________

Municipalities:

States Face Biggest Cash Crisis Since Great Depression
(WSJ)

Fitch Affirms Chicago, IL's IDR at 'BBB-'; Outlook Revised to Negative
(DBN)

Court sets February deadline for a Puerto Rico debt deal
(DBN)

____________

Oil/Gas:

Oil tumbles 6% on surging COVID-19 cases and inventory buildups
(DBN)

Oil falls below $40, stockpiles rise as coronavirus cases spike, election nears
(DBN)

Can Liberty Oil maverick's corporate culture survive the U.S. shale bust?
(DBN)

Exxon Mobil to keep dividend flat for first time since 1982
(DBN)

Pipeline CEO Sees Signal for Higher Oil Prices Crude oil price rebound may come in late 2021, says pipeline giant
(DBN)

____________

Student Debt:

Student loan borrowers got a break in the pandemic. Will it continue?
(DBN)

____________

Agribusiness:

92% of China Tariffs Went to Bail Farmers
(DBN)

____________

Food/Beverage:

IHOP is closing 'less than 100 restaurants' in the coming months, as the chain's sales plummet in the pandemic
(DBN)

Chain restaurants closing locations this year
(DBN)

N.B. seafood giant Cooke buys insolvent U.S. fish processor, expands global reach
(DBN)


____________

Politics:

Scaramucci says Trump has unified the country: ‘It just happens to be against him’
(DBN)

Trump Demands Election Night Declaration Of Victory, Uncounted Ballots Be Damned
(DBN)

These Are The 25 Businesses Quietly Paying Trump $115 Million Each Year
(DBN)

Ex-DHS official reveals himself as 'Anonymous' Critics blast 'two-faced liar' Miles Taylor after revelation as NYT 'anonymous' author The New York Times called 'Anonymous' op-ed author Miles Taylor a Trump 'senior official.' Was that accurate?
(DBN)

75 Million Already Voted
(DBN)

New voters surge to the polls
(DBN)

How to make an election crisis
(DBN)

How Trump waged war on his own government
(DBN)

Biden leads Trump by 12 in new national poll
(DBN)

Total 2020 election spending to hit nearly $14 billion, more than double 2016′s sum
(DBN)

Poll: Biden +17 WI
(DBN)

As Election Day nears, Trump ponders the prospect of defeat
(DBN)

Flake cuts ad for Biden: 'Character' matters
(DBN)

The misunderstood Rust Belt worker vote, and its importance in 2020, explained
(DBN)

Trump takes slight lead over Biden in Florida polls, with 6 days until Election Day
(DBN)

Trump to appeal to Nevada voters from neighboring Arizona
(DBN)

Cook moves Texas to 'toss up' Biden campaign launches Texas push in last week of presidential 2020 race How Texas' GOP Went Off the Rails in 2020
(DBN)

Colorado Could See Biggest Blue Wave In 83 Years
(DBN)

Tennessee sets new record for early, mail voting turnout
(DBN)

Are long voting lines evidence of voter suppression? An expert explains.
(DBN)

What if a state can’t agree which presidential candidate won? It’s happened before and voters don’t necessarily get the final word.
(DBN)

Biden camp swamps Trump on late TV ads as battlefield expands
(DBN)

Democrats see signs of hidden Biden voters flipping from GOP
(DBN)

McConnell and Schumer's relationship shredded after court brawl
(DBN)

Groups bring everything from pizza to jokes to voters waiting in long lines
(DBN)

Ballot problems in pivotal Pennsylvania foreshadow election chaos
(DBN)

Why Many Americans Don't Vote
(DBN)

Supreme Court rejects Pennsylvania GOP's bid to fast-track mail ballot ruling Justice Barrett Ducks, Kavanaugh Silent, Alito Emboldened as SCOTUS Leaves Pa. Mail-in Ballot Counting Extension Intact
(DBN)

Supreme Court Rejects Trump Campaign's Bid to Block Mail-in Voting Extension in N.C.
(DBN)

Democrats in Pennsylvania, North Carolina claim key wins at Supreme Court ahead of election
(DBN)

Trump will win re-election, and a revolution is coming, billionaire investor predicts
(DBN)

Trump rally in Omaha left hundreds stranded in the cold, waiting for buses, hypothermia
(DBN)

It sure looks like Trump’s national security adviser is campaigning for him in swing states
(DBN)

A ‘Trump Store’ in California Has Been Collecting Absentee Ballots and Storing Them in a ‘Safe’
(DBN)

Activists project 'Trump failed us' onto Arizona mountain
(DBN)

____________

Hotels:

When Will The Hotel Industry Recover?
(DBN)

____________

Distressed Investing:

Distressed debt investors still await rich pickings from pandemic
(DBN)

____________

 


New Bankruptcy Opinions
(9 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (10 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (13 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:

Business Bankruptcies Up Significantly in Year’s First Nine Months
(DBN)

______________

Make-Whole:

Ultra Petroleum Bankruptcy Court Again Allows Make-Whole Premiums, Postpetition Default Interest—At Least For Solvent Debtors
(DBN)

____________

Small Business:

Understanding the New Small Business Reorganization Act
(DBN)

____________

Aviation:

Boeing CEO says ‘very close to finish line’ on getting 737 Max flight ban lifted
(DBN)

Boeing deepens job cuts as profit slumps on 737 MAX, COVID crises Boeing to cut 20% of workforce by end of 2021 Boeing plans to slash 11,000 more jobs as planemaker reports its fourth straight quarterly loss and reveals it had zero orders for new jets last month
(DBN)

Boeing posts fourth straight quarterly loss as sales slump amid the pandemic
(DBN)

United Airlines: Forget About Dividends Until 2026
(DBN)

What's missing from pandemic-era travel? Plenty.
(DBN)

Don't pack your bags: International tourism 'off until at least 2022' thanks to widespread coronavirus border closures and strict travel restrictions - despite experts insisting we'd be back in the skies next year
(DBN)

JetBlue sticking with seat caps into next year, CEO says
(DBN)

North Carolina Pastor Threatened to Sue Airline for Defamation After He Was Arrested for Peeing on Sleeping Woman, Police Say
(DBN)

Why loan RM300 million to a debt-ridden airline, asks Sabah PPBM leader
(DBN)

AirAsia X to revise $15.3 billion debt reform plan to expedite talks with creditors - sources
(DBN)

Airbus CEO stands by cash forecast after French lockdown
(DBN)

Airbus Stems Cash Outflow, Charts Path Through Covid Crisis
(DBN)

ANA faces strong headwinds as pandemic prompts shift from expansion
(DBN)

____________

Autos:

October Vehicle Sales Forecast: Unchanged Year-over-year
(DBN)

DuPont sees strong annual profit as auto sector recovers, signals more cost cuts
(DBN)

____________

Sports:

Los Angeles Dodgers win the World Series as MLB finishes season with over $3 billion in losses
(DBN

Fitting finale: Dodgers win title, Turner tests positive Justin Turner takes off mask in Dodgers’ celebration after positive COVID-19 test Justin Turner walked onto the field after the World Series. Tough questions followed him off it.
(DBN)

World Series Falls To All-Time Viewership Low
(DBN)

This strange college football season could have lasting effects
(DBN)

Houston Texans close facility after positive coronavirus test
(DBN)

____________

Climate:

Too few companies disclose financial hit from climate change, regulator says
(DBN)

Why the pandemic's carbon cuts still won't head off a climate emergency
(DBN)

Hurricane Zeta speeds toward a storm-weary Louisiana
(DBN)

3 charts showing the alarming decline of Arctic sea ice this year
(DBN)

____________

Movie Theaters:

Why Exhibitors Like AMC & Cinemark Are Reopening In San Francisco Despite Concessions Ban
(DBN)

____________

Transit:

‘It Can’t Roar Back’: M.T.A. Cuts Would Deepen N.Y.C’s Financial Crisis
(DBN)

____________

Museums:

Baltimore museum halts sales of three paintings just hours before auction
(DBN)

____________

Mail:

Still haven’t voted? Don’t send your ballot by mail.
(DBN)

Judge to USPS: Reverse Mail Collection Limits
(DBN)

____________

Pharma:

U.S. drugmakers, bracing for price cuts, shift election support toward Democrats
(DBN)

____________

Retailing:

J.C. Penney enters asset purchase agreement with Brookfield, Simon J.C. Penney Inks Asset Deal With Landlords, Lenders
(DBN)

IKEA's malls arm says expansion plans intact as customers return post-lockdown
(DBN)

____________

Apparel:

Suits out, sweats in as fate of formal fashion hangs by a thread
(DBN)

____________

Finance:

PPP loans were supposed to be forgiven. So far, that hasn’t happened.
(DBN)

____________

Newspapers:

Both Salt Lake Newspapers to Stop Daily Print
(DBN)

____________

UK:

Cops will enter homes and break-up Christmas family gatherings if they break lockdown rules, warns police chief
(DBN)

____________

EU:

EU arms itself against U.S. and others in trade disputes
(DBN)

Gloom settles over Europe as days darken and coronavirus surges
(DBN)

____________

Belgium:

Divided Belgium among Europe’s worst virus hot spots
(DBN)

____________

EU:

ECB is set to hold fire and signal more easing in December amid lockdown fears
(DBN)

____________

Venezuela:

Venezuelans 'dying slowly' in rat- and roach-infested homes
(DBN)

____________

Germany:

Germany approves major new restrictions to curb coronavirus
(DBN)

Merkel says Germany has lost control of coronavirus as country goes into lockdown
(DBN)

Germany Orders Re-Closing Of All Cinemas; France Could Be Next
(DBN)

____________

France:

Parisians are holding all-night parties and secret warehouse raves to get around strict curfew measures
(DBN)

France imposes new national lockdown as virus deaths mount
(DBN)

One Woman Beheaded, A Further Two People Killed In Knife Attack In Nice, France
(DBN)

____________

Japan:

BOJ’s Kuroda Says Will Act If Needed Amid High Virus Uncertainty
(DBN)

____________

Russia:

Exploring differences between bankruptcy in Russia vs. USA
(DBN)

____________

MENA:

Changes to the UAE Bankruptcy Law
(DBN)

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