September 23, 2020

The Daily Bankruptcy News

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Law:

Thanks To COVID-19, Biglaw Summer Associates Are Very Concerned About Job Security, Money
(DBN)

Debevoise Latest Firm to Hand Out Associate Pandemic Bonuses
(DBN)

Sullivan & Cromwell and Debevoise Are the Latest to Roll Out Bonuses
(DBN)

Begun The Bonus War Has
(DBN)

Simpson Thacher Enters The COVID-19 Biglaw Bonus Wars
(DBN)

Don’t Freak Out About Applying To Law School During The Pandemic
(DBN)

Bar exam in hotel rooms offered test-takers social distancing and private bathrooms
(DBN)

Mueller 'could have done more' to hold Trump accountable, member of special counsel says
(DBN)

How Barr can make the Justice Department help Trump in election disputes
(DBN)

Why So Many Attorneys General are in Trouble
(DBN)

Six Louisville police officers under internal investigation for actions on night Breonna Taylor was killed Breonna Taylor Cop Attacks ‘Thug’ Protesters in Email Rant Ahead of Grand Jury Decision
(DBN)

Black man's body found burning in a ditch in Iowa Four charged after Black man is strangled, set on fire in Iowa ditch
(DBN)

Trump Says Police Violence Against Journalists Is ‘Actually A Beautiful Sight’
(DBN)

An all-white City Council voted for police reform — and divided the town's residents
(DBN)

Complaint flushed: No charge in toilet election display
(DBN)

DOJ Rejects Congressional Request to Question Top Officials Because Democrats Turned Bill Barr Hearing into 'Public Spectacle'
(DBN)

Trump pushes to expand ban against anti-racism training to federal contractors
(DBN)

Instagram model who poses as Catwoman jailed for masked robberies
(DBN)

Report: Bill Clinton And Ghislaine Maxwell Had A ‘Secret Dinner’ In 2014
(DBN)

Crucifix Cited as Corroboration of Trump’s Ten-Month Affair with Playboy Playmate
(DBN)

Trump administration reimposes "public charge" immigration wealth test following court orders
(DBN)

Why Kamala Harris' nomination is pushing this academic idea further into the mainstream
(DBN)

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Judges:

Judiciary Steps Up Calls to Enact Security Measures
(DBN)

The Frailty of the US Judicial System
(DBN)

Former Federal Judges to Mitch McConnell: Confirming a Nominee Will 'Unalterably' Undermine Supreme Court's Legitimacy
(DBN)

McConnell reveals his true motivations in Trump's SCOTUS vote
(DBN)

Standoff could bruise justices' apolitical image
(DBN)

What is court packing and why are some Democrats seriously considering it? 'Everything is on the table': GOP's Supreme Court push escalates Democratic debate over packing court Idea of court packing gains traction among some Democrats; are there alternatives?
(DBN)

Democrats step up hardball tactics as Supreme Court fight heats up
(DBN)

Mitt Romney backing of Supreme Court vote paves way for election-year confirmation Mitt Romney: the President Is Guilty. Also Romney: It's Immutably Fair That Trump Pick Ginsburg's Replacement in Election Year.
(DBN)

Trump says he will announce Supreme Court pick on Saturday Trump Court Plan Quickens With a Pick Due Saturday, Path to Vote
(DBN)

Amy Coney Barrett has emerged as Trump's favorite Profile of a potential nominee: Amy Coney Barrett Trump's Supreme Court frontrunner would happily destroy RBG's legacy
(DBN)

Ginsburg’s death could doom health care law, cement environmental rollbacks, imperil right to abortion
(DBN)

Great Outfits In Fashion History (Beauty Edition): In Appreciation Of Ruth Bader Ginsburg’s Commitment To The Scrunchie
(DBN)

Grieving RBG: Words of sorrow and gratitude from mourners at the court
(DBN)

Republicans Would Regret Replacing Ginsburg Before Election
(DBN)

A judge on Trump's Supreme Court shortlist volunteered for Biden's presidential campaign in 1987
(DBN)

GOP will ask Supreme Court to limit mail voting in Pennsylvania in first post-RBG test
(DBN)

Waco Pastor: I Killed Ginsburg with a Prayer
(DBN)

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Wall Street:

Dow futures jump 200 points
(DBN)

U.S. stocks higher at close of trade; Dow Jones Industrial Average up 0.52%
(DBN)

COVID-19 vaccine verdicts loom as next big market risk
(DBN)

Wall Street fears meltdown over election and Supreme Court
(DBN)

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Layoffs:

Brookfield Properties’ retail arm is laying off 20% of its workforce
(DBN)

Premier Inn owner to cut 6,000 jobs due to pandemic hit
(DBN)

Ralph Lauren to cut jobs as retailer speeds shift to e-commerce Ralph Lauren to lay off thousands as pandemic dulls luxury fashion
(DBN)

Airbus CEO: we can't guarantee no compulsory layoffs
(DBN)

Pub operator JD Wetherspoon to cut 400-450 airport jobs
(DBN)

LyondellBasell to cut Houston refinery staff by 10% on pandemic losses
(DBN)

Macmillan Cancer Support to axe 310 jobs due to funding crisis
(DBN)

Farren Care Center to begin layoffs of 141 workers next month
(DBN)

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Hotels:

Grand Chicago Hotel in Foreclosure, a Symbol of Covid-19’s Toll on Hospitality Industry
(WSJ)

Struggling hotel owners seek federal bailout
(DBN)

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Politics:

Ex-White House official warns there’s ‘high risk’ of a disputed U.S. election outcome
(DBN)

The White House, Senate and Supreme Court Could All Hinge on North Carolina
(DBN)

Poll: Biden tied with Trump in Georgia
(DBN)

Poll: Trump and Biden deadlocked in Iowa
(DBN)

Cindy McCain Endorses Joe Biden
(DBN)

Donald Trump seems to think he has already won the Nobel Peace Prize
(DBN)

Commission releases topics for first presidential debate First presidential debate to cover coronavirus, Supreme Court
(DBN)

Donald Trump's campaign blew almost $1 billion and now they're in deep trouble
(DBN)

In a conspiracy-fueled attack, Trump warns Harris is being groomed to usurp the presidency
(DBN)

Ohio Republicans say they’re seeing suburban support for Trump in sharp decline statewide
(DBN)

Most swing-state voters think Trump shouldn’t fill court spot if he loses: Poll
(DBN)

Supreme Court vacancy rattles Susan Collins’ Senate race
(DBN)

Why Biden is stiff-arming the left on court-packing and the filibuster
(DBN)

Romney OKs voting on court nominee, all but assures approval
(DBN)

Liberal super PAC launches ads targeting vulnerable GOP senators over SCOTUS fight
(DBN)

Mike Bloomberg raises $16 million to allow former felons to vote in Florida Bloomberg raises millions to help Florida felons vote Bloomberg pays fines for 32,000 felons in Florida so they can vote
(DBN)

What it’s like fighting for the right to vote as an ex-felon
(DBN)

Biden’s Bipartisanship Is Good for Democrats — for Now
(DBN)

Rank-and-file union members snub Biden for Trump
(DBN)

Billionaire media mogul Haim Saban ramps up support for Biden and Democrats in Senate races
(DBN)

Betsy DeVos to Be Investigated for Potential Violation of Ethics Law
(DBN)

Ranked choice voting in Maine a go for presidential election
(DBN)

Woodward: Historians examining the Trump era will ask 'What the F happened to America?'
(DBN)

The Republican Party is an authoritarian outlier
(DBN)

Both Political Parties Headed Towards Collapse
(DBN)

Election clues county by county
(DBN)

H.R. McMaster: Trump "making it easy" for Putin on U.S. election misinformation
(DBN)

Texas Shatters Voter Registration Records
(DBN)

Pennsylvania Sees Surge in GOP Registrations
(DBN)

QAnon is Not a Deep State Military Official, It's a Pig Famer in Exile
(DBN)

McConnell Knows It's Almost Over
(DBN)

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Tech:

Nancy Pelosi wonders how top Facebook employees can 'look themselves in the mirror' because they 'make money off poison'
(DBN)

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Cannabis:

Biden-Harris pledge to decriminalize marijuana
(DBN)

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Economy:

Powell pledges the Fed’s economic aid ‘for as long as it takes’
(DBN)

Powell's pandemic response gets him bipartisan praise — and a possible second term
(DBN)

Fed's Powell says US still faces uncertain and uneven economic recovery after 'marked improvement'
(DBN)

Fed chair warns economy will feel the weight of expired stimulus
(DBN)

Powell and Mnuchin voice optimism but back more economic aid Powell, Mnuchin mull best way to boost aid to small businesses
(DBN)

Why Economists Aren't Worried About Deficit
(DBN)

Mnuchin: White House Still Supports Direct Payments For Stimulus Package
(DBN)

Richmond Fed: "Manufacturing Activity Improved in September"
(DBN)

September Employment Report Will Show a Decrease of 41,403 Temporary Census Workers
(DBN)

Coronavirus vaccine won’t bring about ‘fairytale’ ending to pandemic, expert warns
(DBN)

Here’s what Trump’s payroll tax plan may mean for the future of Social Security
(DBN)

How to save the economy for everyone
(DBN)

Five Reasons Why The Remote Workforce Won't Return To The Office
(DBN)

The battle to define the Biden economic team, explained
(DBN)

AP-NORC poll: Views of economy stabilize as election nears
(DBN)

'All he wants is his name on a check': Nancy Pelosi says Democrats are holding out for a bigger stimulus agreement from Trump
(DBN)

UBS CEO Says It’s Difficult to Sustain Culture With Work-at-Home
(DBN)

Saudi Arabia Floats Plan to Delay G-20 Summit Until December
(DBN)

UK and U.S. exchanged tariff offers during trade talks
(DBN)

Study: China's economic policies directly harmed U.S. industries
(DBN)

How The Shutdown Of Live Events Severely Impacted Multiple Industries
(DBN)

Stakeholder Capitalism Gets a Report Card. It’s Not Good.
(DBN)

Davos Founder: Reform Capitalism or the Pitchforks are Coming
(DBN)

House passes spending bill to avoid government shutdown, sends it to Senate House overwhelmingly passes bipartisan spending deal to avert government shutdown
(DBN)

Jamie Dimon says he’s OK with higher taxes on the rich, but wealth tax is ‘almost impossible’
(DBN)

Your Retirement Won't be Like Your Parents
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

U.S. existing home sales near 14-year high in August NAR: Existing-Home Sales Increased to 6.00 million in August US homes sales rise 2.4% in August Sales of existing homes surge to a 14-year high Comments on August Existing Home Sales
(DBN)

Wow — 6 million existing home sales! However, context is key with 2020 housing market data
(DBN)

Housing Boom a Perilous Economic Signal
(DBN)

NY: Governor extends moratorium for commercial tenants
(DBN)

Landlords Sue Over Eviction Moratorium
(DBN)

Mortgage demand from homebuyers now up 25% from a year ago
(DBN)

The number of Americans skipping mortgage payments drops to lowest level since April — but some borrowers face bigger challenges
(DBN)

Not so fast, urban exodus: Coronavirus could make New York and San Francisco great places to live again
(DBN)

"Amazon Room" Becomes Hot Amenity Among Hollywood Homebuyers Amid Pandemic
(DBN)

U.S. housing boom good for some voters, leaves others in the cold
(DBN)

Blackstone Ready to Lend After Raising Record Property Debt Fund
(DBN)

Simon Says Trust Us: How the Mall Giant Has Navigated the Pandemic
(DBN)

Brookfield says ‘time is now’ to sell some of its malls
(DBN)

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Municipalities:

Democratic lawmakers push Fed Chair to expand MLF
(DBN)

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Oil/Gas:

Post-bankruptcy Sanchez Energy returns to Eagle Ford
(DBN)

Elon Musk expected to use Tesla 'Battery Day' to argue for the end of combustion engines
(DBN)

Things Are Not Well In The Oil Patch
(DBN)

FTS International Announces Amended RSA, Launch of Comprehensive Prepackaged Restructuring Plan with the Support of 87.55% of Secured Debt Claims First Day Dec
(DBN)

Oil rig owner Borr to delay debt repayment, plans stock issue to weather downturn
(DBN)

Justin Bieber Highlights Oil Pain
(DBN)

____________

Banking:

Bank stocks drop, and Oppenheimer analyst says the ‘weak get weaker’
(DBN)

Wells Fargo CEO ruffles feathers with comments about diverse talent
(DBN)

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Healthcare:

Hospitals want more time to repay pandemic loans
(DBN)

The Supreme Court’s Obamacare case was high stakes before Ruth Bader Ginsburg’s death. Here’s why it’s even more important now
(DBN)

Senate Democrats intro bill to investigate political interference in Covid-19 response
(DBN)

U.S. coronavirus death toll tops 200K as officials fear fall surge ‘Unfathomable’: US death toll from coronavirus hits 200,000
(DBN)

We've hit 200,000 COVID-19 deaths in 6 months. What will the next 6 months look like?
(DBN)

Trump supporters boo Ohio's GOP lieutenant governor for encouraging mask use
(DBN)

Voters worry Trump is trying to release vaccine to help his reelection, polls say
(DBN)

The FDA plans to toughen coronavirus vaccine standards
(DBN)

Johnson & Johnson enters late-stage trial testing its coronavirus vaccine
(DBN)

'No way in hell': Some wary parents won't vaccinate kids, setting up future school showdowns
(DBN)

156 countries are teaming up for a Covid-19 vaccine. But not the US or China.
(DBN)

200,000 dead as Trump vilifies science, prioritizes politics
(DBN)

Supply shortages continue to plague COVID-19 testing
(DBN)

____________

Climate:

There will be more wildfires. What should we do?
(DBN)

Bobcat Fire creates 'Hades-scape' as California wildfire threatens over 1,000 homes
(DBN)

In photos: Firefighters battle 75 large blazes across West on first day of fall
(DBN)

Fierce, frequent, climate-fueled wildfires may decimate forests worldwide
(DBN)

RBG’s replacement could undermine the most important climate ruling
(DBN)

BlackRock, JPMorgan climate votes at odds as new rules loom
(DBN)

Huge California wildfire threatening more than 1,000 homes
(DBN)

____________

Entertainment:

Hollywood unions announce pandemic agreement
(DBN)

____________

Cruise Lines:

Cruising During COVID-19: What To Expect On Your Next Cruise
(DBN)

____________

Distressed Investing:

Opportunities Abound In Latin America For Distressed Asset Investors
(DBN)

____________

Fraud:

Lori Loughlin Chooses a Day Spa for Her Prison
(DBN)

____________

Food/Beverage:

Judge OKs Destruction Of 7 Billion Chuck E. Cheese’s Tickets Made Useless By Pandemic
(DBN)

Sizzler joins the list of chains declaring Chapter 11 due to COVID Sizzler, one of America's first steakhouse chains, files for bankruptcy
(DBN)

IT’SUGAR, a subsidiary of BBX Capital Corporation and BBX Capital Florida LLC, has Filed for Chapter 11 Bankruptcy Protection
(DBN)

____________

Theme Parks:

Disney Exec Pleads With Calif. Governor To Reopen Disneyland
(DBN)

____________

Defaults:

Fitch: U.S. Institutional Loan Default Rate Climbs for Ninth Straight Month
(DBN)

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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 (17 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)

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Bankruptcy Statistics:

 

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Subordination:

Third Circuit Decision Provides New Guidance on the Unfair Discrimination Standard of Cramdown and the Enforcement of Subordination Agreements When Confirming Cramdown Plans
(DBN)

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Financial Contracts:

Second Circuit Affirms Enforceability of Swaps’ Flip Provisions
(DBN)

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Mediation:

Pandemic-Induced “Impossibility” Of Performing A Mediated Settlement? (Belk v. LeChaperon)
(DBN)

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IP:

The Impact of Bankruptcy on Intellectual Property Rights
(DBN)

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Environmental:

Third Circuit Considers the Scope of “Matters Addressed” in CERCLA Settlements
(DBN)

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Brokers:

CFTC Supplements Bankruptcy Proposal
(DBN)

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Sports:

NFL fines two more coaches, teams for coronavirus mask violations, source says
(DBN)

Major League Rugby to kick off season four in March – with Covid plans in place
(DBN)

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Aviation:

Airlines Plead for Mandatory Virus Tests to Lift Flagging Demand
(DBN)

Two key GOP senators propose $28.8 billion in airline assistance to avoid job cuts
(DBN)

Time Is Running Out For Lawmakers To Save Airline Industry And Jobs
(DBN)

Airline industry will never be the same again - former IAG CEO Walsh
(DBN)

Delta to delay pilot furlough decision until November 1, union says
(DBN)

Two Senate Democrats want FAA to release data on Boeing 737 MAX review
(DBN)

Pilots' unions urge U.S. regulator to improve cockpit procedures for Boeing 737 MAX
(DBN)

Airline travel shifts toward last-minute bookings, domestic trips: Skyscanner
(DBN)

Airbus eyes 2035 for big hydrogen-fueled planes
(DBN)

Citadel, United Among Lenders in $2 Billion Avianca Funding
(DBN)

Airfares were seen spiking in the age of coronavirus. That’s not happening yet
(DBN)

____________

Firearms:

Remington auction progresses; sale hearing postponed
(DBN)

____________

Retailing:

Ascena clears hurdle into final stretch of Ch. 11 reorganization
(DBN)

Ralph Lauren to cut workforce by 15%
(DBN)

Half of holiday shoppers plan to use curbside or contactless pickup: survey
(DBN)

New York says goodbye to Century 21
(DBN)

Retail: country-by-country summary of the impact of COVID-19
(DBN)

Party City to open only 25 Halloween pop-ups
(DBN)

____________

Fitness:

LA Fitness Seeks Debt Deal with Lenders to Weather Shut Gyms
(DBN)

____________

Sovereigns:

Private sector readying for case-by-case COVID-19 debt relief for poor countries: IIF letter to G20
(DBN)

____________

UK:

Boris Johnson says UK at ‘perilous turning point’; tells people to work from home
(DBN)

UK leader orders new virus restrictions, could last 6 months PM warns Britain facing six months of stricter lockdown ruining Christmas for millions of families
(DBN)

Will Covid-19 Steal Christmas in the U.K. This Year?
(DBN)

Businesses warn Boris Johnson over U-turn on office working
(DBN)

Brexit: 7,000 Trucks Will be Waiting in Queue
(DBN)

Boris Johnson's Six-Month Covid Plan Carries a Heavy Cost
(DBN)

____________

EU:

Curfews and calling in the army: How Europe is fighting its coronavirus surge
(DBN)

As Europe faces 2nd wave of virus, tracing apps lack impact
(DBN)

Euro zone recovery stutters in September as coronavirus infections rise
(DBN)

ECB warns UK banks to prepare for no-deal Brexit but they want to work from home
(DBN)

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PIIGS:

Madrid adopts virus restrictions exposing poor-rich divide
(DBN)

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China:

China will be the ‘most important marginal driver of global GDP,’ ex-Goldman Sachs economist Jim O’Neill says
(DBN)

Coronavirus dampens seasonal cheer in China's Christmas production hub
(DBN)

Trump: U.N. ‘must hold China accountable’ for pandemic
(DBN)

China’s online shopping growth stalls — a sign of slow economic recovery
(DBN)

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Germany:

Dentons recruits Holger Ellers as partner in the German Restructuring, Insolvency and Bankruptcy practice
(DBN)

Deutsche Bank to close 20% of German branches in coronavirus shift
(DBN)

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Czech Republic:

Czechs replace health minister amid record infection surge
(DBN)

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Sweden:

Sweden could introduce restrictions in Stockholm after uptick
(DBN)

Sweden’s virus death toll could be linked to mild flu season, chief scientist says
(DBN)

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Venezuela:

Venezuela Is Almost Alone in Slashing Its Deficit Amid Covid-19
(DBN)

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Thailand:

Thai Cabinet Backs $2.2 Billion Cash Aid to Boost Economy, Jobs
(DBN)

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Africa:

As rich nations struggle, Africa’s virus response is praised
(DBN)

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MENA:

KBBO hires restructuring expert for $2bn debt revamp
(DBN)

____________

India:

Indian economy to contract 5.9% in 2020 due to Covid-19 disruptions, says UN report
(DBN)

____________

Japan:

Nearly 36,000 Japan firms shut down business due to COVID-19
(DBN)

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