October 6, 2020

The Daily Bankruptcy News

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Law:

How Law Firms Are Handling the 'Most Interesting' Budgeting Season in Years
(DBN)

Freshfields First Woman Chair: Lockstep Won’t Stop U.S. Growth
(DBN)

Bankruptcy Litigator Theresa Foudy Joins Morrison & Foerster's Leading Business Restructuring + Insolvency Group
(DBN)

Life Is Hellish For Those Still Waiting To Take The Bar Exam
(DBN)

Online Bar Exams Said to Encounter Tech Problems on Test Day
(DBN)

COVID-19 is Driving Long-Term Changes in Big Law for Remote Work, Fees, Hiring
(DBN)

87-Year-Old Tries To Finally Pass The Bar Exam By Studying ‘Several Minutes A Day’
(DBN)

To Practice Law Well, There’s No Substitute For Hard Work
(DBN)

The Hottest Biglaw Practice Area Right Now
(DBN)

Kim Kardashian Studies Like A Typical Law Student — By Doing Some Shots
(DBN)

BNP Paribas hit with subpoena seeking to trace Epstein funds
(DBN)

New York attorney general questions Eric Trump under oath in investigation into whether the Trump Organization inflated assets to get tax benefits
(DBN)

E. Jean Carroll's Lawyers Tear into DOJ for Riding to Trump's Rescue: 'Viciously Defaming a Woman He Sexually Assaulted' Isn't a President's Job
(DBN)

Top aides accuse Texas Attorney General Ken Paxton of bribery, abusing office Texas Attorney General Shrugs Off Bribery Allegations Made by 'Rogue Employees,' Refuses to Resign Nate Paul Tied to Paxton Corruption Texas AG Ken Paxton, on Bond for Securities Fraud Charges, Faces Jail if Charged With New Crimes TX: Top Republicans Tell Paxton It's Time to Go Ken Paxton Says He Won't Quit AG Job
(DBN)

Man Smashed Window of Patrol Vehicle, and Pepper Sprayed Officer, Police Say
(DBN)

Texas police officer arrested in fatal shooting of Black man at gas station
(DBN)

Man charged with assault in alleged argument over anti-Trump rap
(DBN)

Prosecutor reopens probe into killing of Black man shot in Oakland by officer in 2009
(DBN)

After Swimming Around White House Cesspool, Bill Barr Decides To ‘Quarantine’ After All
(DBN)

Former Counselor to Bill Barr Replaces U.S. Attorney in Texas Who Investigated Michael Flynn ‘Unmasking’
(DBN)

Hedge Fund Lawyer Settles Document Forgery Allegations, Gets Promoted, Still Gets To Be A Lawyer
(DBN)

Tennessee Lawyer Suspended for Forging Signature, Extravagant Fee
(DBN)

Supreme Court Rebuffs Clerk Who Withheld Gay-Marriage Licenses
(DBN)

Thomas and Alito blast same-sex marriage decision as SCOTUS declines Kentucky clerk’s case
(DBN)

DOJ Joins Baptist Church's Lawsuit Against D.C. Mayor: You Can't Allow Thousands to Protest While Restricting Worship Outdoors
(DBN)

Supreme Court Rejects Challenge to Pennsylvania Shutdown Order
(DBN)

The Post-Pandemic 'New Normal' Looks Awfully Authoritarian
(DBN)

After judge cites prosecutors’ racist emails, DA declines to retry Asian American woman for murder
(DBN)

IRS Reportedly Investigating NRA Boss for Criminal Tax Fraud as NY AG Seeks to Destroy Gun Rights Organization
(DBN)

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Judges:

BK ND NY: Application Deadline For Syracuse Bankruptcy Judge Vacancy Extended To October19
(DBN)

Sotomayor Goes After Unethical Prosecutors and Conservative Judges on First Day of New SCOTUS Term
(DBN)

Trump court nomination hangs over Senate shuttered by virus
(DBN)

Amy Coney Barrett's first confirmation hearing set for Oct. 12
(DBN)

‘Amy Covid Barrett’ Discovers How Nicknames Actually Work
(DBN)

Democrats look past Election Day in Barrett fight
(DBN)

Ron Johnson says he would wear a "moon suit" to vote on Barrett confirmation
(DBN)

How can courts counter disinformation? Arizona task force releases recommendations
(DBN)

Lawyer takes on politically popular name before launching campaign for judgeship
(DBN)

Trump FactCheck: President Barack Obama and Vice President Joe Biden “left me 128 judges to fill. You just don’t do that.”
(DBN)

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Wall Street:

U.S. stock futures are little changed after Monday’s rally
(DBN)

Wall Street gains as Trump to leave hospital, investors hope for stimulus
(DBN)

A Clear-Cut Biden Win Is Emerging as a Bull Case for Stocks
(DBN)

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Layoffs:

Exxon to cut 1,600 jobs across Europe as oil rout weighs
(DBN)

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Healthcare:

Covid-19 Is Making a Dangerous Comeback in Most Parts of America
(DBN)

CDC revises coronavirus guidance to acknowledge that it spreads through airborne transmission
(DBN)

WHO: 10% of world's people may have been infected with virus
(DBN)

Covid Vaccine Won't be a Magic Wand
(DBN)

The White House Is Failing to Contact Trace Its Own COVID Outbreak: Report White House Not Helping Health Dept. Tracing
(DBN)

N.J. governor: Health officials have contacted 184 people from Trump fundraiser
(DBN)

GOP Sen. John Cornyn: Trump "let his guard down" on the coronavirus
(DBN)

Trump to continue coronavirus treatment after being discharged from Walter Reed
(DBN)

Neurological Symptoms Found in 4 of 5 Hospitalized Covid Patients
(DBN)

Doctors worry Trump could be ‘overtreated’ for coronavirus because he’s a VIP
(DBN)

Kayleigh McEnany tests positive for coronavirus Riverside megachurch pastor who attended White House event contracts Covid-19 Photo opp of a lifetime turns into cautionary tale for Trump supporter From Bereaved Fathers to CEOs: Trump Encounters Spark Covid Fears Steakhouse staffers quarantining after catering Trump fundraiser 30 in Trump's Circle Have Tested Positive
(DBN)

Even with the president sick, the Trump administration's misleading claims about COVID-19 continue
(DBN)

10 states set single-day coronavirus case records last week
(DBN)

Airbnb is canceling one-night Halloween bookings to prevent house parties
(DBN)

Warren, Durbin slam government's 'failing' efforts to contain coronavirus in federal prisons
(DBN)

House Democrats Press FDA, CDC on White House Influence
(DBN)

Trump Fundraiser ‘Borders on Reckless,’ N.J.’s Murphy Says
(DBN)

A Coronavirus Vaccine Is Coming, So Who Gets It First?
(DBN)

Against Covid-19, Imperfect Measures Do the Most Good
(DBN)

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Fraud:

College Scandal Dad Who Paid $300,000 Gets Home Confinement
(DBN)

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Mass Torts:

J&J to pay more than US$100M to end over 1,000 talc suits
(DBN)

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Gig Economy:

Uber, Lyft spend big in California to oppose even costlier gig-worker law
(DBN)

____________

Tech:

U.S. House's antitrust report hints at break-up of Big Tech firms
(DBN)

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Alcohol:

San Antonio judge sides with Texas Alcoholic Beverage Commission in dispute with bankrupt Gabriel’s Liquor entity
(DBN)

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Banking:

San Antonio’s USAA Bank receives failing grade from bank regulator
(DBN)

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Sports:

NBA Finals Game 2 Ratings Collapse 68% To All-Time Low
(DBN)

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Finance:

Treasury says it could start forgiving PPP loans this week
(DBN)

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Coal:

FactCheck: The Coal Industry is Back
(DBN)

____________


Economy:

Drop in labor force participation cut unemployment rate
(DBN)

What to Know About the New Jobs Report
(DBN)

As U.S. job growth stalls, some workers face long-term unemployment
(DBN)

Long-term unemployment's V-shaped bounce
(DBN)

U.S. labor shock from pandemic hit women of color hardest; will it persist?
(DBN)

Goldman Sachs Economist: Biden Blue Wave Would Improve the Economy
(DBN)

Small-business owner throws in the towel, lives to fight another day
(DBN)

Trump says not to be 'afraid' of Covid-19 — but economists disagree
(DBN)

ISM Services Index Increased to 57.8% in September U.S. Service Industries Expand More Than Forecast on Orders
(DBN)

'Doomed to fail': Why a $4 trillion bailout couldn't revive the American economy
(DBN)

K-Shaped Recoveries End Well for Everybody
(DBN)

Fed’s Evans Sees Yearslong Wait Ahead for Inflation Overshoot
(DBN)

Some Orthodox Jews bristle at NYC’s response to virus surge
(DBN)

NYC’s Lockdown in Virus Hot Spots Hinges on Cuomo Approval
(DBN)

Pelosi, Mnuchin speak for an hour but don’t reach a coronavirus stimulus deal Nancy Pelosi says progress is being made on US stimulus, tells airlines ‘don’t fire people’
(DBN)

Why a $4 Trillion Bailout Not be Enough
(DBN)

Trump pledges to pass 'THE BIGGEST TAX CUT EVER' in early morning campaign tweetstorm from Walter Reed
(DBN)

Seven High Frequency Indicators for the Economy
(DBN)

Who's still working at home? You, probably
(DBN)

'Work from work:' How a U.S. energy firm’s office return left some employees bruised
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

Black Knight Mortgage Monitor for August: "At Current Rate of Improvement, Delinquencies Will Remain Above Pre-Pandemic Levels Until 2022"
(DBN)

Bankruptcy Courts Have Allowed Retail Tenants to Defer Rent Payments
(DBN)

Denver suddenly has one of the most competitive housing markets in America
(DBN)

COVID worsens crisis in world's most unaffordable housing market
(DBN)

Las Vegas Tops U.S. in Rise of Apartment Tenants Not Paying Rent
(DBN)

Hundreds Of Affordable Housing Units On Chicago’s South Side Are Sold At Auction
(DBN)

____________

Municipalities:

Bankruptcy filings down 31.1% in Puerto Rico in September
(DBN)

Don’t forget Puerto Rico: How the island’s mass-exodus could be Trump’s downfall
(DBN)

____________

Oil/Gas:

Oasis Petroleum Files Chapter 11, Enters into $450M Debtor-in-Possession Debt Facility
(DBN)

Oil jumps most since May with stimulus hope
(DBN)

The oil industry is facing a long jobs slump
(DBN)

Small energy players lean on taxpayers and Wall Street for coronavirus aid
(DBN)

Debt-laden Premier Oil hoovered up by Chrysaor
(DBN)

Wall Street sees Biden win speeding U.S. shift to clean energy
(DBN)

3 Troubled Energy Stocks That Are Ready to Burn Out
(DBN)

____________

Politics:

Q1 lobbying spend was record $938 million, but lobbyists decry stereotype
(DBN)

Biden says he told some governors "don't endorse me ... because you'll pay a penalty"
(DBN)

Poll: Biden leads Trump by 8 points in Arizona Trump Campaign Hobbled by Virus as Biden Starts to Pull Away The 10 Bellwether Counties That Show How Trump Is in Serious Trouble Biden's wide lead in post-debate polls leaves Republicans panicking Biden's lead widens to 16 points nationally: survey
(DBN)

Press: Election is now referendum on how Trump handled COVID-19
(DBN)

Kamala Harris Leads Mike Pence by Three Points Two Days Before VP Debate: Poll VP debates didn't matter -- until president contracted deadly virus
(DBN)

Trump says he will leave Walter Reed hospital on Monday: 'Don't be afraid of Covid' Trump plans hospital exit as doctor warns he's not out of the woods Poll: Majority still fears virus exposure as Trump says not to be 'afraid' Trump risks new backlash with COVID bravado
(DBN)

5 Worrying Red Flags from Trump's Doctor
(DBN)

Severity of Trump's illness unclear four weeks ahead of election
(DBN)

For Secret Service, a New Question: Who Will Protect Them From President?
(DBN)

Infected White House residence staffers told to keep quiet
(DBN)

A history of falsehoods comes back to haunt the COVID-stricken president
(DBN)

GOP faces growing turmoil as calls for alarm over virus are dismissed
(DBN)

Giuliani: ‘No reason to delay’ second Trump-Biden debate
(DBN)

Trump returns to White House, downplaying virus that hospitalized him and turned West Wing into 'ghost town'
(DBN)

A buoyant Trump returns to a deflated White House
(DBN)

Trump downplays virus on return to White House and sheds mask for photo opportunity Trump, still infectious, back at White House — without mask Biden suggests Trump's mask removal sends the wrong message Biden says he's not surprised Trump contracted the coronavirus
(DBN)

Trump tweets ‘Don’t be afraid of Covid,’ sparking heated Twitter exchanges
(DBN)

Donald Trump’s atypical hospital visit for COVID-19
(DBN)

'Maybe I’m immune': Watch Trump video filmed on return to the White House
(DBN)

Poll: Many Americans blame virus crisis on US government
(DBN)

A West Wing meltdown
(DBN)

Trump didn't have time to learn about the coronavirus in March. Eight months later, the virus cleared his schedule.
(DBN)

White House physician refuses to answer when Trump last tested negative
(DBN)

Republicans face major head winds in final stretch to maintain Senate majority
(DBN)

Pennsylvania Says Trump ‘Empty-Handed’ in Proving Ballot Fraud
(DBN)

'I will die for Trump': Moment excited man gets a wave from Trump during Walter Reed drive-by as supporters from all over America turn out for the president
(DBN)

Working for Trump: Tweet-firings, subpoenas and now coronavirus
(DBN)

Melania Trump calls Stormy Daniels a ‘p--- h-----’ in explosive new tapes released by First Lady’s former friend
(DBN)

The list of former national security staff and senior officials who endorsed the president this week is one of the most unimpressive ever assembled by a candidate.
(DBN)

Alaska judge finds issue with ballot witness requirements
(DBN)

Federal judge delays Arizona voter registration deadline
(DBN)

Judge asked to mandate counting of ballots received too late
(DBN)

A Warning from Wisconsin on Voting
(DBN)

Supreme Court sides with Republicans, reinstates witness requirement in South Carolina Justices reinstate witness requirements for South Carolina absentee ballots
(DBN)

In big states, tiny counties, Trump attacking voting rules
(DBN)

Voters Dread Election: ‘It’s Going to Be Hell No Matter What’
(DBN)

CIA Agent: Russian Targeted Trump Long Ago
(DBN)

____________

Education:

New York City Schools in Hot Spots Will Close Tomorrow
(DBN)

NYC Parents Revolt Over Prep School’s $54,180 Online Classes
(DBN)

Trend Shows Judges Refusing to Dismiss Cases Against Universities Demanding COVID-19 Refunds
(DBN)

____________

Pharma:

Trump administration expected to settle with Purdue Pharma considered victory for opioid victims: report
(DBN)

Purdue Pharma's Sackler family 'will keep their billions' and are prepared to pay out $3 billion to opioid crisis victims - but only if they face no criminal liability - as bankruptcy judge suggests no claims can be made against individual family members
(DBN)

____________

Religion:

Majority of Camden diocese abuse claims left unprocessed amid bankruptcy filing
(DBN)

Cash-strapped Buffalo Diocese wants to speed up bankruptcy case
(DBN)

____________

Agribusiness:

Biden FactCheck: President Donald Trump started a trade war that “led to a surge in farm bankruptcies.”
(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 (37 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (9 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:

U.S. commercial bankruptcies up 33% year to date
(DBN)

BK WD NY: Updated Filing Statistics
(DBN)

Weekly Bankruptcy Claims Trading Activity
(DBN)

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Bankruptcy Reform:

The Protecting Employees and Retirees in Business Bankruptcies Act of 2020: A Sign of the Times
(DBN)

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Litigation:

Why We Always Think We’re Winning At Trial
(DBN)

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SCOTUS:

SCOTUS invites government voice in Tribune creditors' case
(DBN)

____________

Aviation:

Pilots union president on the future of airlines
(DBN)

Southwest CEO says can avoid layoffs through 2021 with employee pay cuts
(DBN)

Lufthansa CEO says no end in sight to burning through cash
(DBN)

U.S. bankruptcy court approves airline Avianca's financing plan
(DBN)

Is it safer to fly or drive during the pandemic? 5 health experts weigh in.
(DBN)

South Africa Told to Look to Ethiopia to Rescue Its Airline
(DBN)

AirAsia Is Said to Cease Funding Indian Venture as Cash Dwindles
(DBN)

New EU Travel Plan Could Bring Clarity, Relief for Airlines
(DBN)

____________

Movie Theaters:

Regal Cinemas closing theaters because it really needs blockbusters, CEO says
(DBN)

Cineplex Stock Tumbles to Record Low as James Bond Film Delayed
(DBN)

James Bond and the death of cinema
(DBN)

Cineworld brings down curtain on U.S., UK theaters; 45,000 jobs hit Bleeding cash, Cineworld boss says no choice but to shut sites
(DBN)

AMC stock falls 10% as rival Cineworld closes movie theaters
(DBN)

AMC Entertainment Expected to Run Out of Liquidity Within 6 Months
(DBN)

Small-Town Theaters Face Bleak Future Without New Movies: ‘We Desperately Need Help’
(DBN)

Theater Stocks Plunge After Cineworld Shutdown Caps ‘Lost Year’
(DBN)

Amid film delays and movie theater closings, can Hollywood be saved?
(DBN)

Gov. Cuomo Not Budging on Movie Theater Closures: ‘We’re Still in a Pandemic’
(DBN)

____________

Climate:

Record-setting California fires surpass 4 million acres burned in a single year
(DBN)

Here’s where Trump and Biden stand on climate change
(DBN)

The 90 companies responsible for two-thirds of historical greenhouse gas emissions
(DBN)

____________

Student Debt:

This Student Loan Forgiveness Dropped From Stimulus Bill
(DBN)

New analysis estimates the financial cost and benefits of Biden’s free college plan
(DBN)

____________

Retailing:

Expect An Uneven Recovery For Kohl’s Post-Covid
(DBN)

Express threatened with delisting
(DBN)

Tech company to revive Elder-Beerman, Bon-Ton websites
(DBN)

____________

Crypto:

150,000 Bitcoin Coming Back to Mt. Gox Creditors in 10 Days
(DBN)

____________

Fitness:

New York Sports Club Barred From Charging Fees To Members With Closed Gyms
(DBN)

____________

Food/Beverage:

9 NYC neighborhoods at risk of restaurant shutdowns as COVID-19 cases rise
(DBN)

Golden Corral's largest franchise operator files for Ch. 11 bankruptcy
(DBN)

How the pandemic accelerated the US ghost kitchen market '5 years in 3 months'
(DBN)

Napa’s Worst Case Scenario: Some 80% of Cabernet Lost to Fire, Smoke
(DBN)

____________

UK:

The suspension on wrongful trading has ended – what should directors do if their business becomes insolvent?
(DBN)

Thousands of coronavirus cases were not reported for days in the UK because officials exceeded the data limit on their Excel spreadsheet
(DBN)

BOE’s Haskel Says He Stands Ready to Vote for More Stimulus
(DBN)

Sunak Sees ‘Hard Choices’ With Warning on U.K. Expenditure
(DBN)

Restaurant Group loss widens on coronavirus hit
(DBN)

Two thirds of hospitality operators forced to consider restructuring or insolvency
(DBN)

____________

EU:

Europe’s Second Covid Wave Starts to Spill Over From Young to Old
(WSJ)

____________

Canada:

Consumer sentiment in Canada stalls; 51% say economy will weaken
(DBN)

Companies to get rent relief under new Trudeau virus plan
(DBN)

____________

PIIGS:

Spain’s Emergency Wage Support May Be Extended Yet Again in 2021
(DBN)

____________

Iceland:

Iceland, an early coronavirus role model, closes bars and gyms as cases rise
(DBN)

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Venezuela:

Venezuela Planning New 100,000-Bolivar Bills Worth Just $0.23
(DBN)

____________

Russia:

Russia Says Covid-19 Death Toll More Than Double Initial Reports
(DBN)

Russia's Second Wave Raises Risk of Economic Scars
(DBN)

____________

Mexico:

Mexico unveils $14 bn investment plan to boost economy
(DBN)

Mexico reports record daily increase in coronavirus cases, deaths
(DBN)

____________

France:

With Paris now on ‘red alert,’ Macron’s €100 billion COVID-stimulus package may prove a bit short
(DBN)

____________

MENA:

Amid rising infections, Israeli ultra-Orthodox defy lockdown
(DBN)

Nearly all of Iran on coronavirus red alert as cases, deaths hit records
(DBN)

Court: Iran Owes $1.4Bn for ex-FBI Agent
(DBN)

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