September 2, 2020

The Daily Bankruptcy News

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Law:

Am Law 100 Firm Extends Its Successful Remote Work Policy Until 2021
(DBN)

Davis Wright Lays Off 39 Staff Members After 'Fundamental Shift' in Firm Operations
(DBN)

Bankruptcy and Restructuring Partner Maja Zerjal Fink Joins Arnold & Porter in New York
(DBN)

With Global Bankruptcy Filings Increasing, Cozen O’Connor Adds Eight Veteran Attorneys to its Bankruptcy, Insolvency & Restructuring Practice • Cozen O'Connor poaches Fox Rothschild bankruptcy leaders in group defection • Cozen O'Connor adds 8 attorneys from Fox Rothschild as expansion continues
(DBN)

Katten's Insolvency Practice Swells as Bankruptcy Work Grows
(DBN)

Greta Van Susteren Is Fed Up With This Bar Exam Crap
(DBN)

Biglaw Firm Reminds Attorneys They Need To Respond To Clients Even Though There’s A Pandemic
(DBN)

California Assembly Passes Bar Exam Cut Score Retroactivity Resolution
(DBN)

Lawyer is accused of sexually assaulting associate and abusing another, offering custody for sex
(DBN)

Michael Flynn's Trial Judge Wastes No Time After D.C. Circuit Win, Orders Lawyers to Prepare for Oral Arguments
(DBN)

Trump pushes to keep tax returns from NY prosecutor, eyes possible Supreme Court appeal • Good News for Donald Trump: Second Circuit Grants Stay in Tax Return Subpoena Lawsuit • Trump Wins Delay of New York Subpoena for His Tax Returns • Appeals Court May Rule on Trump Tax Subpoena Before Election
(DBN)

Latest Harvey Weinstein Proposed Settlement Slammed As “Sellout” By Victims’ Lawyers • New Weinstein Settlement Proposal Cuts Victim Payout by $7 Million
(DBN)

Barr sets restrictions on surveillance of candidates, aides
(DBN)

Vandalism of mayors' homes takes protests to a new level
(DBN)

Monday March to Mayor's Home Deemed a Riot
(DBN)

Attorneys Pounce on Kyle Rittenhouse’s Reported 'Well Regulated Militia' Legal Defense
(DBN)

Why Kenosha's criminal justice advocates saw this coming
(DBN)

Kenosha unrest causes $2M in damage to city-owned property
(DBN)

Trump Lauds Police in Defiant Trip to Protest-Torn Kenosha
(DBN)

U.S. Perceptions of White-Black Relations Sink to New Low
(DBN)

Wisconsin special session on police reform lasts less than a minute. GOP not interested.
(DBN)

Antifa man eyed in deadly Portland shooting took teen daughter to protests
(DBN)

Fact check: 'WE ARE NOT ABLAZE,' Portland fire department says after Trump falsely claims 'entire city' is on fire
(DBN)

Riot declared in Portland after fire started in apartment building
(DBN)

Should Freedom of Assembly Be an Absolute Right?
(DBN)

Trump tells supporters not to confront protesters, leave to the police
(DBN)

FactCheck: Trump On Rittenhouse
(DBN)

Breonna Taylor's Ex-Boyfriend Offered Plea Deal To Implicate Her In Drug Trafficking, Report Says • Breonna Taylor's Boyfriend Kenneth Walker Suing over Fatal Police Raid
(DBN)

Homeowner Charged For Hosting ‘For-Profit’ Pool Party With 300 Unmasked Guests
(DBN)

ICE makes 2,000 arrests in largest sweep of the pandemic
(DBN)

County Seizes Property From L.A. Church Challenging Coronavirus Restrictions
(DBN)

______________

Judges:

BK ED TN: U.S. Bankruptcy Judge Shelley D. Rucker Appointed Chief Bankruptcy Judge
(DBN)

Meet the judge who saved the Texas bankruptcy practice
(DBN)

A new poll shows rank-and-file Democrats finally realize the Supreme Court is important
(DBN)

Ruth Bader Ginsburg Officiates Wedding During Pandemic
(DBN)

Judge who kept photo of employee’s genitals on her phone should be ousted, commission finds
(DBN)

“Unavailable” Witness (Under Hearsay Rules) In A Zoom Trial?
(DBN)

______________

Wall Street:

Dow futures jump 200 points, building on Wall Street’s strong start to September

Market analysts are having trouble amid ‘unlimited’ Fed support
(DBN)

Markets unprepared for wave of defaults in coming months: S&P Global
(DBN)

______________

Layoffs:

The ‘Temporarily Laid Off’ Who Become Permanent
(DBN)

Continental Deepens Job Cuts to Lower Costs by 1 Billion Euros
(DBN)

Aviation Job Losses Could Approach a Half-Million by Year’s End
(DBN)

Layoffs Continue And Furloughs Become Permanent Job Losses
(DBN)

Amtrak tells employees it will furlough 1,950 workers
(DBN)

5 more Universal Orlando hotels announce layoffs; 1,291 workers affected
(DBN)

Hawaiian Air announces hundreds of new layoffs as pandemic outlook worsens
(DBN)

Big Corporations Just Cut Another 50,000 Jobs
(DBN)

______________

Retailing:

America’s department stores, cornerstones in fashion, could be in their ‘last stages’
(DBN)

Retail Workers Face Rough Road in Corporate Bankruptcies
(DBN)

Not Even The Retail Apocalypse Can Dent The Ackmanaissance
(DBN)

J. Jill attempts out-of-court restructuring • J.Jill avoids bankruptcy – at least for now • Women's retailer J. Jill has 10 days to avoid bankruptcy filing
(DBN)

J.C. Penney lenders could take over company as sale talks sputter
(DBN)

A Penney Saved Is A Penney Gained
(DBN)

Back-to-school shoppers are showing up after all, study shows
(DBN)

Lord & Taylor looks to pay execs bonuses as it winds down business
(DBN)

Will Retail Survive In “Donald Trump’s America?”
(DBN)

____________

Politics:

Melania Trump thinks someone sabotaged her 2016 RNC appearance by giving her a speech to read that was plagiarized from Michelle Obama, book claims
(DBN)

Poll: Majority of Americans intend to vote early this election
(DBN)

Biden Expected to Surpass $300 Million Raised in August, Shattering Record
(DBN)

Biden Leads Trump 49-41 in National Poll
(DBN)

Jittery Democrats Prod Biden to Pick Up the Pace as Race Tightens
(DBN)

Nancy Pelosi got indoor hair care at San Francisco salon, report says • Pelosi Sparks Criticism For Visiting San Francisco Hair Salon Against Local Health Orders
(DBN)

Old Navy is paying employees who volunteer to work the polls as election officials warn about dire shortages • What it’s like working at the polls in the middle of a pandemic
(DBN)

Biden transition team won’t take full access to federal office space due to the coronavirus
(DBN)

Trump's 'plane loaded with thugs' conspiracy theory matches months-old rumor • Trump doubles down on conspiracy theory suggesting there are ‘entire’ airplanes ‘filled up with the looters’ • How Trump Found Planeload of Looters
(DBN)

Trump is your dangerously gullible uncle on Facebook
(DBN)

Trump warnings on lawlessness divide GOP candidates
(DBN)

Trump Claims He Saved Kenosha. Wisconsin Voters Aren’t Buying It.
(DBN)

Trump Moving Ahead With Kenosha Visit Following 'Bizarre' Interview, Pushback From Wisconsin Governor
(DBN)

Trump claims without evidence that Biden controlled by people in 'the dark shadows'
(DBN)

White House to resume public tours on September 12, masks and social distancing required
(DBN)

First lady used private email, former adviser and friend says
(DBN)

What is ballot harvesting, where is it allowed and should you hand your ballot to a stranger?
(DBN)

A Kenosha business owner says he declined Trump's photo-op invitation and the previous owner replaced him
(DBN)

Kenosha divided over Trump's visit
(DBN)

D.C. task force targets monuments due to slavery connections
(DBN)

____________

Mail:

USPS board chairman Duncan is a director for Mitch McConnell-aligned super PAC
(DBN)

House to subpoena postmaster general over mail delays
(DBN)

Mnuchin Rejects Claims Postal Service Review Sought to Aid Trump
(DBN)

____________

Autos:

Toyota's U.S. sales fall 23% in August
(DBN)

August Vehicles Sales increased to 15.2 Million SAAR
(DBN)

____________

Fitness:

New York Sports Club Owner Warns of Bankruptcy With Gyms Shut
(DBN)

____________

Movie Theaters:

AMC Theatres To Have 70% Of Circuit Open For ‘Tenet’ This Weekend
(DBN)

____________

Tourism:

Hawaii mandates 'Safe Travels' coronavirus screening for travelers
(DBN)

____________


Economy:

ISM Manufacturing index Increased to 56.0 in August • U.S. manufacturing activity in nearly two years in August • America's factories are roaring back. But the economy is still far from a full recovery
(DBN)

U.S. Workers' Worries Spike Amid COVID's Economic Impact
(DBN)

GDPNow Latest estimate: 28.5 percent
(DBN)

Sadly, One Letter Perfectly Captures the Recovery
(DBN)

Here comes the real recession
(DBN)

Deutsche Bank CEO warns of slow return to pre-pandemic economy
(DBN)

Small businesswomen trying to recover find 'ghost town' where crowds used to be
(DBN)

Ex-Fed Chief Yellen Defends Rate Increases Under Her Watch
(DBN)

Fed’s Brainard Says Economy Still Needs Fiscal, Monetary Support
(DBN)

Significant aid package is needed to help economy recover from coronavirus, Mnuchin says
(DBN)

U.S. Fed's mortgage-buying spree at US$1T with no end in sight
(DBN)

Americans' trust in the Fed falls even further
(DBN)

The Fed could be locked into zero rates for five years, or even longer
(DBN)

About 14% of Americans have wiped out emergency savings during pandemic: CNBC + Acorns survey
(DBN)

Visa Says U.S. Spending on Cards Up Despite Drop in Jobless Aid
(DBN)

Alternative Indicators Show Recovery Stalling, U.S. Still Laggard
(DBN)

U.S. Job Gains for Next Decade Projected to Much Slower Than After 2008 Crisis
(DBN)

Meadows says state and local aid is the biggest road block to stimulus deal, despite ‘real progress’ • Senate GOP 'goal' is to vote next week on 'targeted' coronavirus relief bill • Sen. Mitch McConnell will ‘hopefully’ propose coronavirus bill next week • Treasury Secretary Mnuchin to testify before House coronavirus panel amid stimulus impasse • Why Senate Republicans May Propose A New $500 Billion Stimulus Bill
(DBN)

Biden Eyes Massive Stimulus Plan
(DBN)

Gallup: Broad Bipartisan Support for Additional Stimulus in U.S.
(DBN)

Credit Card Firms Split on Fate of Consumers While U.S. Cuts Aid
(DBN)

Social Security could come to a screeching halt
(DBN)

Just 13% of Black people out of work are getting unemployment during pandemic
(DBN)

Gov. Abbott hints at further reopening Texas, with ‘next steps’ next week
(DBN)

Two more states added to New York's Covid-19 quarantine travel list
(DBN)

Trump's payroll tax holiday could shrink workers' take-home pay early next year since employers have to collect twice as much from paychecks
(DBN)

More subsidized child care would help grow economy, according to Esther Duflo
(DBN)

Bill Ackman on saving capitalism: Every child in the U.S. could be given enough money at birth to become millionaires by retirement
(DBN)

Corporate America is getting more worried even as stocks soar
(DBN)

Americans are saving more than just money by not commuting
(DBN)

Too Many Children Are Going Hungry Amid the Pandemic
(DBN)

Out of Eastern Europe, a Window Into the Post-Pandemic Office
(DBN)

U.S. Worker Satisfaction With Job Safety Down Amid COVID
(DBN)

Social Security could come to a screeching halt
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

Home prices suddenly see biggest gains in 2 years • CoreLogic: House Prices up 5.5% Year-over-year in July
(DBN)

In Coming Wave of Pandemic-Induced Vacancies, Some See Opportunity
(DBN)

As COVID-19 Pushes Retailers To Renegotiate Their Leases, One Miami Luxury Mall Sues To Evict Its Saks Fifth Avenue Store
(DBN)

Trump administration announces eviction moratorium, aiming to ensure housing crisis doesn't further spread covid-19 • Trump administration is implementing an eviction moratorium • CDC Directs Halt to Renter Evictions
(DBN)

Construction Spending Increased Slightly in July
(DBN)

Update: Framing Lumber Prices Up 150% Year-over-year
(DBN)

Rent collections tick up at Kimco properties
(DBN)

'Do I Really Need This Much Office Space?' Pandemic Emptied Buildings, But How Long?
(DBN)

Monthly Rental Prices Nosedive in New York and San Francisco: How Low Can They Go? • San Francisco rents are plunging to the lowest levels in 6 years, even as the US housing market stages a comeback
(DBN)

New York Homebuyers Are Searching Everywhere But Manhattan
(DBN)

____________

Municipalities:

Why San Francisco Is In Trouble – 19,000 Highly Compensated City Employees Earned $150,000+ In Pay & Perks
(DBN)

____________

Oil/Gas:

Oil rises on strong factory activity and forecast of a crude drawdown
(DBN)

The World Added More Solar, Wind Than Anything Else Last Year
(DBN)

Schlumberger Sells North American Fracking Business After Slump • Shale Loses Another Global Giant After Schlumberger’s Frack Sale • Eying a shale rebound, Liberty Oilfield strikes deal with Schlumberger
(DBN)

Shale producer Whiting Petroleum emerges from bankruptcy
(DBN)

One of the World’s Richest Petrostates is Running Out of Cash
(DBN)

____________

Food/Beverage:

From ‘Cheers’ To The Fours, Famous Boston Bars And Restaurants Are Closing
(DBN)

52 Black ex-franchisees file a $1 billion racial-discrimination lawsuit against McDonald's, claiming the company sent them on 'financial suicide missions'
(DBN)

____________

Education:

5 ways higher education must change as a result of the COVID-19 pandemic
(DBN)

21% of parents had to reduce work hours because of remote school: survey
(DBN)

You need to see this study about the coronavirus in children
(DBN)

A Parent’s Toughest Call: In-Person Schooling or Not?
(DBN)

FEMA to stop funding for cloth face masks for schools
(DBN)

Biden to Contrast Plan for Schools With Trump’s Push to Reopen
(DBN)

This isn’t the college experience you were expecting — but get a degree anyway
(DBN)

University of South Carolina Disciplines Fraternities for Virus Violations
(DBN)

Colleges and universities report more than 20,000 Covid-19 cases across 36 states
(DBN)

Texas colleges see surge in COVID cases as students return to campus
(DBN)

This university created its own COVID-19 test and is testing students twice a week — but is it enough to prevent an outbreak?
(DBN)

New York City Delays Start of School to Ready for In-Person Classes • NYC pushes back school reopenings 10 days amid threat of teachers' strike • De Blasio Says He’s Come to Agreement With Unions on Schools
(DBN)

Virus or not, it’s time for class again across Europe
(DBN)

Students in England fell behind by average of three months during lockdown, study finds
(DBN)

Are elite U.S. colleges really just hedge funds with classrooms attached?
(DBN)

University of California must stop considering ACT, SAT in admissions, judge rules
(DBN)

____________

Tech:

Mark Zuckerberg and Priscilla Chan are donating $300 million to voting efforts
(DBN)

Trump Says U.S. Must Be ‘Well Compensated’ in TikTok Deal
(DBN)

____________

Sports:

Trump Prods Big Ten to ‘Immediately’ Resume Plans for Football
(DBN)

Iowa State plans to allow 25,000 fans into football opener, even though Iowa is a covid hotbed
(DBN)

____________

Taxis:

Want an Uber? Send a selfie proving you are wearing a mask
(DBN)

____________

Mass Torts:

Boy Scouts launch ads on how abuse victims can seek money
(DBN)

____________

Event Facilities:

Venues lit in red to call attention to plight
(DBN)

____________

Hotels:

After receiving PPP loan, hotel group with Scottsdale ties files for bankruptcy protection
(DBN)

____________

Small Engines:

Plans for KPS to acquire Briggs & Stratton to be challenged in court hearing
(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 (29 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:

BK ME: Updated Filing Statistics
(DBN)

Despite precipitous business slowdown, bankruptcies at a trickle in WNY
(DBN)

Why South Florida bankruptcies haven't soared during Covid-19
(DBN)

______________

Abandonment:

Third Circuit Holds Bankruptcy Trustee May Relinquish Derivative “Asset Plundering” Causes of Action for Creditors to Pursue
(DBN)

____________

Tax:

Update on Corporate Bankruptcy Tax Refund Litigation
(DBN)

____________

Aviation:

The airline industry could shrink by half to survive, United Airlines chairman says
(DBN)

Airlines Bleed Cash as Jets Half Empty, Long-Haul Still Grounded
(DBN)

Hundreds of passengers on flight in isolation after 16 test positive for COVID-19
(DBN)

Airline Pilots Landing At LAX Report "A Guy In Jetpack" Flying Alongside Them
(DBN)

Two women fight on jet bridge at LaGuardia Airport, wild video shows
(DBN)

British Airways parent IAG faces investor pay revolt
(DBN)

____________

Festivals:

Venice reclaims spotlight as 1st COVID-era film fest opens
(DBN)

____________

Fraud:

PPP Loans Worth Billions at Risk for Fraud, Oversight Panel Says
(DBN)

August 2020 Ponzi Scheme Roundup
(DBN)

____________

Coal:

Trump administration finalizes coal plant pollution rollback
(DBN)

____________

Healthcare:

Global case tally tops 25.5 million, and U.S. climbs to 6.03 million as Midwest states suffer rise in infections
(DBN)

Trump promised a health care plan in 'weeks,' but a month later, it hasn't come
(DBN)

60 percent of Americans say federal government's coronavirus response is making the pandemic worse
(DBN)

Covid Raises Mothers’ Risk of Intensive Care Admission in Study
(DBN)

Fauci debunks conspiracy theory on CDC coronavirus death data
(DBN)

How Many Have Died from the Coronavirus?
(DBN)

U.S. Advisers Issue Draft Guide on Who Gets Covid Vaccine First
(DBN)

U.S. says it won't join WHO-linked effort to develop, distribute coronavirus vaccine
(DBN)

Nurses Say They’re Short on Masks, Other Protection Supplies
(DBN)

The unspoken long-term coronavirus symptoms
(DBN)

Fauci says Labor Day will be key if there’s hope of containing coronavirus this fall
(DBN)

Chinese bus offers new evidence of airborne coronavirus spread: study
(DBN)

Why the Coronavirus Stalks Children of Color
(DBN)

Past vaccine disasters show why rushing a coronavirus vaccine now would be 'colossally stupid'
(DBN)

The Trump Administration Is Backing Out of a $647 Million Ventilator Deal After Investigation Opened Into the Price
(DBN)

____________

Agribusiness:

Pandemic brings hard times for farmers, worsening hunger
(DBN)

____________

Sovereigns:

The Debt Pandemic
(DBN)

Debt-laden Angola gets relief from creditor nations of the Paris Club under G20 plan
(DBN)

Argentina gains room to breathe with crucial debt deal: for now
(DBN)

____________

UK:

No mass return of London commuters amid Covid concerns • Why city centre workers are ignoring PM's plea to return to offices
(DBN)

Parents Didn’t Rush Back to Work in London as Schools Reopened
(DBN)

Ann Summers threatens landlords over shop rents
(DBN)

Debenhams sets bid deadline as fate hangs in balance
(DBN)

Furlough wind down: 'We prepared for the worst'
(DBN)

U.K. Economic Scarring From Virus Relatively Small in Historic Comparison
(DBN)

U.K. Faces October Cliff Edge With End of Wage and Loan Support
(DBN)

Euler Hermes Chairman – the worst is yet to come for trade
(DBN)

____________

EU:

‘Shocker’ euro zone data raises questions about what the ECB will do next
(DBN)

Eurozone consumer prices fell in August for first drop in four years
(DBN)

Mario Draghi Says Stimulus Must Create New Jobs, Not Save Old Ones
(DBN)

____________

PIIGS:

UK considers putting Portugal back on quarantine list • Price of a flight from Portugal to UK soars amid quarantine fears
(DBN)

Spanish Party Strip Remains Shuttered, With No End In Sight
(DBN)

____________

Canada:

Covid-19 built a 'northern wall' between the US and Canada and it could stay up longer than anyone expected
(DBN)

____________

Australia:

Australia’s GDP Falls More Than Forecast, Confirming Recession • Australia plunges into first recession in 30 years • The Australian economy shrank 7% in the June quarter – the single largest fall on record
(DBN)

Australia’s Wealth Fund Posts First Annual Loss Since Global Financial Crisis
(DBN)

____________

Germany:

German lawmakers demand answers over Wirecard collapse
(DBN)

German Lawmakers Blame Merkel’s Government for Wirecard Debacle
(DBN)

____________

France:

'Hot, sweaty … just very unpleasant': Parisians adjust to Covid mask law
(DBN)

____________

Brazil:

Virus plunges Brazil into recession with record 9.7% drop • Coronavirus tips Brazil into recession
(DBN)

Brazil Economy Hits Bottom With Worst Quarterly Plunge Ever
(DBN)

Brazil Hands Out So Much Covid Cash That Poverty Nears a New Low
(DBN)

____________

India:

Indian economy braces for lackluster recovery
(DBN)

____________

Argentina:

Argentina’s Covid Outbreak Worsens With 47% of Tests Positive
(DBN)

____________

Singapore:

Singapore restructuring regime: foreign companies establishing eligibility for moratorium protection
(DBN)

Singapore Can’t Sustain Emergency Measures Forever, PM Says
(DBN)

Singapore Identifies Missteps in Covid Response, Urges Vigilance
(DBN)

____________

China:

Launch Of Guide To The Basics Of Restructuring And Insolvency Law In Mainland China
(DBN)

____________

Thailand:

Mounting Risks Dent Thailand’s Hopes of Smooth Economic Recovery
(DBN)

Thailand Marks 100 Days Without Any Local Virus Cases
(DBN)

____________

Hong Kong:

Hong Kong Poised to Reopen Gyms, Massage Parlors, SCMP Says
(DBN)

____________

Myanmar:

Myanmar's 2020 Insolvency Law
(DBN)

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