September 3, 2020

The Daily Bankruptcy News

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Law:

Am Law 100 Firm’s Furloughs Have Turned Into Layoffs
(DBN)

Am Law 100 Firm Is Conducting Layoffs And Still Rolling Back Pay Cuts
(DBN)

Summer’s Over and Big Law’s Real Changes Are About to Take Hold
(DBN)

More Cuts Coming As Firms Slim Down to Keep Partner Pockets Full
(DBN)

Associate Layoffs Hit Billion-Dollar Biglaw Firm Baker McKenzie • Baker McKenzie to Cut North American Workforce as Covid Persists
(DBN)

Davis Wright Tremaine Walks Back Pay Cuts, Lays Off Some Staff
(DBN)

Layoffs hit furloughed staffers at 1 BigLaw firm, lawyers and staffers at another
(DBN)

Porzio Expands Reach with Opening of Wilmington, Delaware Office Led by Cheryl A. Santaniello as Managing Principal
(DBN)

My Experience as a Summer Associate Before and During the Pandemic
(DBN)

Another Elite Firm Wows With Six-Figure Clerkship Bonuses
(DBN)

Group Move Prompts Two Different Narratives From Crowell and Squire
(DBN)

FYI, Law School Graduates: It’s Time To Apply For Babysitting Jobs
(DBN)

Atlanta’s Happiest Biglaw Firm
(DBN)

The Texas Supreme Court Takes Bar Applicants On A Roller Coaster Of Emotion
(DBN)

Law School Has ‘COVID-19 Mass-Exposure Event,’ Tells Only Some Students About It
(DBN)

3 Questions For A Creative Solo (Part II)
(DBN)

Running A Law Firm With Family Can Be A Great Experience
(DBN)

What Do Midlevel Biglaw Associates Really Want?
(DBN)

Trump falsely took credit for restoring law and order in Kenosha during his visit and failed to acknowledge that the National Guard was deployed by the Wisconsin governor
(DBN)

Who Really Cares About The Hatch Act?
(DBN)

Weinstein Settlement, Once Doomed, Now One Step Closer to Finish Line • Attorneys present revised Weinstein bankruptcy plan to judge • Harvey Weinstein Potential Global Settlement Gets Partial Green Light From Judge • Revised Weinstein settlement draws opposition at court hearing
(DBN)

IRS Commissioner Who Withheld President's Tax Returns Continues to Profit Off of Trump Properties, Documents Show
(DBN)

Police arrested food truck workers at gunpoint and jailed them for 48 hours to try to keep them from Kenosha protests, attorneys say
(DBN)

Three years ago, an officer was filmed beating up a handcuffed Black man. Now, he's the police chief.
(DBN)

Barr: ‘I don’t think there are 2 justice systems’ for Black and white Americans • Barr says "epidemic" of police brutality against Black people is "false narrative"
(DBN)

The Right is Making Rittenhouse a Hero
(DBN)

Demonstrators protest death of Black man restrained by police in N.Y.
(DBN)

Grandfather says he was accused of abducting his grandson because of their different skin tones
(DBN)

Portland Mayor moving to avoid rioters targeting his home
(DBN)

Police still use attack dogs against Black Americans
(DBN)

Covid-19 has killed more police officers this year than all other causes combined, data show
(DBN)

'Very Dangerous' Man with Lengthy Criminal Record Allegedly Shot Two Black Police Officers in St. Louis, Killing One
(DBN)

Multiple Boston Cops Arrested for 'Stealing Taxpayer Money' Over the Course of Several Years
(DBN)

Gun laws were meant to ban private militants. Now, our hands are tied.
(DBN)

Man Murdered His Wife and Kids, Said He Did It Because He Was Tired of Their 'Yelling': Police
(DBN)

Man Who Won $8M Settlement After Serving 17 Years in Prison for Murder He Didn't Commit Faces Up to Life in Prison Again
(DBN)

Girl who hired hitmen to kill her abusive parents has been sentenced to life in prison.
(DBN)

Chertoff: Most Terror Deaths from Right Wing
(DBN)

NSA phone-spying program exposed by Snowden didn't stop a single terrorist attack, judge finds • Court Rules that NSA Spying was Illegal
(DBN)

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Judges:

1st Circuit lifts ban on immigration arrests at state courthouses in Massachusetts
(DBN)

Chemerinsky: Will SCOTUS rulings help decide the 2020 presidential election?
(DBN)

Who Would Joe Biden Add To The Supreme Court?
(DBN)

Chief Justice Says 'We Have to Start' Finding a Way Back to Court 'Amidst the Pandemic'
(DBN)

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Wall Street:

Stock futures dip as Wall Street takes a breather after a strong start to September
(DBN)

The pros are getting ready for a market crash — retail investors, not so much, top economist warns
(DBN)

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Layoffs:

Have You Thought About ... Impending WARN Act Issues?
(DBN)

Fall 2020 Brings New Federal WARN Act Notice Deadlines for Employers
(DBN)

Ford to cut 1,400 white-collar jobs in North America with voluntary buyouts
(DBN)

Taxing Robots Won’t Help Workers or Create Jobs
(DBN)

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Politics:

The eerie stability of Trump’s approval rating, explained
(DBN)

Biden raises a record-shattering $364 million in August
(DBN)

Biden is still ahead of Trump in the polls, but the gap is narrowing • Fox News poll found Joe Biden is leading Trump in 3 key states he won in 2016
(DBN)

Focus group: Wisconsin swing voters feel overlooked by Biden
(DBN)

Joe Biden’s swing state trouble
(DBN)

Moderators announced for presidential debates
(DBN)

Trump told Sarah Sanders 'take one for the team' in North Korea
(DBN)

Democrats are increasingly worried Trump's 'law and order' message is resonating with swing-state voters
(DBN)

81 Nobel laureates endorse Biden
(DBN)

American voters support the post office. Their views on mail-in voting are more complicated.
(DBN)

Chaos scenarios drive gatekeepers' election prep
(DBN)

Trump Campaign Sues Montana Governor: Mail-in Voting Directive Is 'Brazen Power Grab,' Violates Constitution
(DBN)

Texas Supreme Court temporarily blocks Harris County from sending mail-in ballot applications to all its voters
(DBN)

ABA Fact Check: Federal Forces Have Very Narrow Authority to Police Elections
(DBN)

Trump went full authoritarian in his latest Fox News interview
(DBN)

Trump pivots to narrow coronavirus testing strategy as election looms
(DBN)

Republican Sen. Joni Ernst promoted a far-right conspiracy theory that falsely claims coronavirus cases are inflated by healthcare providers
(DBN)

A Republican Member Of Congress Threatened To Kill Armed Demonstrators In A Facebook Post
(DBN)

Tactics of fiery White House trade adviser draw new scrutiny as some of his pandemic moves unravel
(DBN)

Bill Clinton: Trump will be ‘stacking sandbags’ to stay in White House after defeat
(DBN)

Trump encourages North Carolina residents to vote twice to test mail-in system • Trump suggests people in North Carolina should vote twice to test mail-in voting, but this is illegal
(DBN)

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Celebs:

Boris Becker faces criminal charges over 'failing to cooperate with bankruptcy proceedings'
(DBN)

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Agribusiness:

As small U.S. farms face crisis, Trump’s trade aid flowed to corporations
(DBN)

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Student Debt:

Colorado couple sees $200,000 in student debt discharged by judge
(DBN)

Court Allows Ordinary Bankruptcy Discharge Of $200,000 In Student Loans
(DBN)

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Coal:

Former Blackjewel Miners Could Get More Money From Proposed Settlement
(DBN)

FM Coal, Parent Company Of Blackjewel Asset Buyer, Files For Bankruptcy
(DBN)

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Mail:

DeJoy's Company Made $286M from USPS
(DBN)

Post Office Blames DeJoy for Creating Crisis
(DBN)

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Economy:

US jobs added in August less than half of economist forecasts • ADP: Private Employment increased 428,000 in August
(DBN)

Fed survey finds widespread pessimism about economic future
(DBN)

More People Got Back to Work in August, but Outlook Dims for Those Still Looking for Jobs
(DBN)

Trump’s rebound story meets mounting bankruptcies
(DBN)

Paul McCulley On The Profound Change Coming To The Economy
(DBN)

Consumer confidence popped at the end of August
(DBN)

Living dead: The post-pandemic world will be full of zombies
(DBN)

Small-Business Failures Loom as Federal Aid Dries Up
(DBN)

What Really Prevents Companies from Thriving in a Recession
(DBN)

The Secret to Reallocating Resources in a Recession
(DBN)

Fed’s Tom Barkin Says Economy Will Need Sustained Support
(DBN)

Fed: We Got It Wrong on Post Crisis Rate Hikes
(DBN)

Joe Biden rips into Mitch McConnell for opposing federal aid to states, saying 'there's a reason' the US government can rack up deficits
(DBN)

Neediest Credit Card Users Are Seeing Their Limits Fall the Most
(DBN)

A credit upgrade cycle may be coming
(DBN)

U.S. Heavy Truck Sales down 26% Year-over-year in August
(DBN)

Here are 5 key things workers should know about the payroll tax deferral
(DBN)

Pelosi says Dems, White House have ‘serious differences’ over coronavirus aid after Mnuchin call
(DBN)

Gottlieb: Prioritize back to school, then reopen indoor entertainment venues
(DBN)

President Trump’s Tax Deferral Plan Will Be Ignored Unless There Is A Way To Forgive The Deferred Taxes
(DBN)

Why you might not know that Trump is threatening your Social Security
(DBN)

Md. jurisdictions mixed on moving to Phase 3 as local leaders express worry
(DBN)

U.S. Debt Is Set to Exceed Size of the Economy Next Year, a First Since World War II
(WSJ)

U.S. government debt will nearly equal the size of the entire economy for first time since World War II, CBO finds
(DBN)

A 10th of American households say they haven't had enough food during the pandemic
(DBN)

The global coronavirus economy: How bad will it get?
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

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

Mortgage demand from homebuyers is now 28% higher than last year
(DBN)

Why is the housing market thriving in a pandemic?
(DBN)

CDC’s move to stop evictions draws heavy criticism from housing industry and tenant advocates
(DBN)

Manhattan office leasing on track for lowest level in 20 years • Got space? Manhattan office availability hits 7-year high
(DBN)

Housing industry groups consider challenging Trump's anti-eviction order • Trump administration bans most evictions through December, but there’s a catch
(DBN)

The Big-City Exodus Isn’t Very Big (Yet)
(DBN)

Manhattan apartment deals fall 31% while sales boom in the ’burbs
(DBN)

These rising U.S. cities could become the top places to live and work from home
(DBN)

El Cerrito apartment development files for Ch. 11 bankruptcy
(DBN)

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Municipalities:

Puerto Rico defends electric utility's restructuring deal against creditor attacks • Amid natural disasters, Puerto Rico places hope on privatization to save electrical system
(DBN)

California Beset With Fires and Virus Sells $2.4 Billion in Debt
(DBN)

U.S. Caribbean Islands Struggle To Contain Covid-19, Can’t Control Own Borders.
(DBN)

Nearly half of New Yorkers think NYC is headed in the wrong direction
(DBN)

Trump floats pulling federal money from ‘anarchist’ cities • Cuomo calls Trump threat to cut city funds "cheap" and "illegal"
(DBN)

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Oil/Gas:

Buyer of Schlumberger Frack Unit Now Eyes Lead Over Halliburton
(DBN)

Schlumberger Sells U.S. Fracking Business, And Who Can Blame Them?
(DBN)

Why No One Is Buying Up Shale Assets
(DBN)

Natural gas remains the big question in Biden’s climate change plan
(DBN)

30 Years Of Drilling Data Points To A Rebound In U.S. Oil Production
(DBN)

The weak dollar is the ‘only support’ for oil prices, analyst says
(DBN)

Unloved oil companies could lead low-carbon transformation, new Goldman report says
(DBN)

Whiting Petroleum Corporation rockets by 27 fold after reviving from bankruptcy • Reality Hits Shareholders Of Formerly Bankrupt Whiting Petroleum • Whiting Petroleum emerges from Chapter 11
(DBN)

Denbury Resources bankruptcy judge OKs $2.1 billion debt-for-equity swap plan
(DBN)

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Movie Theaters:

AMC leaps 23% after announcing plans to reopen 140 theaters by Saturday
(DBN)

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Hotels:

Hotels warn: "Our industry is in crisis"
(DBN)

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Sports:

Iowa State to Allow 25,000 Fans to Attend Football Opener in COVID-19 Hotbed
(DBN)

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History:

Nearly a century ago, a QAnon-like conspiracy theory propelled candidates to Congress
(DBN)

Lawsuit Seeks Reparations for Black Wall Street Massacre: Survivor, 105, Has Flashbacks of Bodies 'Stacked Up on the Street'
(DBN)

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Uniforms:

Uniform Sales Sag With Flights Grounded and Students in Sweats
(DBN)

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Retailing:

Marble Ridge swaps counsel in Neiman Marcus bankruptcy
(DBN)

Macy's sees signs of recovery with demand starting to return • Macy’s CEO sees huge opportunity in luxury retail as other chains go bankrupt • Macy’s plans rollout of smaller stores away from malls • Macy’s points to uneven recovery from lockdown • Macy’s swings to a loss, but shares rise as stronger-than-expected online growth boosts sales • Macy’s has run out of gas and has nowhere to go: Former Sears Canada CEO
(DBN)

Independent Retailers May Benefit From Big Store Bankruptcies
(DBN)

Here's how three bankrupt retailers bounced back, and what debt-ridden brands can learn from them
(DBN)

J.C. Penney Lenders Consider Teaming Up With Outside Bidders
(DBN)

The Paper Store Completes Voluntary Chapter 11
(DBN)

Authentic Brands Group completes acquisition of Brooks Brothers
(DBN)

CEO of Calvin Klein owner: Retail hinges more on containing virus than stimulus
(DBN)

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Personal Finance:

Don’t make these 4 most annoying video interview mistakes, says Zoom’s head of hiring
(DBN)

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Food/Beverage:

Jason’s Deli franchisee files for Chapter 11 bankruptcy
(DBN)

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Autos:

Shiloh Industries, Inc. Receives Court Approval of "First Day" Motions to Support Business Operations
(DBN)

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Environmental:

Welcome Back … Kreditor
(DBN)

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Apparel:

Plus size menswear leader Destination XL is on the bankruptcy watch list
(DBN)

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New Bankruptcy Opinions
(5 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (18 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (10 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:

Business and personal bankruptcy filings in the US slowed in August
(DBN)

Bankruptcy bubble: Will it soon burst?
(DBN)

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Safe Harbors:

Second Circuit Affirms Enforceability of Flip Provisions in Swap Agreements Under Bankruptcy Code Safe Harbor
(DBN)

Second Circuit’s Lehman Flip Clause Decision Continues the Expansion of the Bankruptcy Code Safe Harbors
(DBN)

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Small Business:

New Chapter 11 bankruptcy program could be vital for small business
(DBN)

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Bar Orders:

Bar Orders Must Be Integral To Settlement in Order To Be Essential
(DBN)

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Aviation:

United Air to cut more than 16,000 jobs on weak travel demand
(DBN)

Branson’s Airline Saved as Court Ruling Caps Race Against Clock
(DBN)

Virgin Atlantic’s $1.6 Billion Rescue Approved by U.K. Court
(DBN)

SAS Gets Go Ahead From Bondholders for $1.6 Billion Equity Plan
(DBN)

El Al Israel Airlines gets $51 million offer for joint control
(DBN)

Jet Airways insolvency: Two bidders submit revised proposals
(DBN)

S.Africa's Comair needs $72 mln and to cut 400 jobs, administrators say
(DBN)

UK scrambles to trace 200 air passengers after 8 teens' positive COVID-19 tests went unreported for days
(DBN)

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Healthcare:

COVID flares in new U.S. hot spots as Americans let guard down
(DBN)

A New Coronavirus Adviser Roils the White House With Unorthodox Ideas
(DBN)

Dr. Fauci dismissed herd immunity for COVID-19, said US tactic should be to prevent as many infections as possible
(DBN)

The US says it won't join the global effort to find and distribute a COVID-19 vaccine because the WHO is involved
(DBN)

Trump administration continues its process of unraveling ties with the WHO • US Won't Pay WHO Dues for This Year
(DBN)

Covid-19 death skepticism, explained by a cognitive scientist
(DBN)

How New York Gov. Andrew Cuomo failed, then succeeded, on Covid-19
(DBN)

Steroids can save lives of patients with severe covid-19, earning WHO endorsement
(DBN)

What I learned about contact tracing when the tracers came for me
(DBN)

The CDC has faced an onslaught of calls about a COVID-19 conspiracy theory linked to QAnon
(DBN)

CDC tells states to be ready for vaccines from Trump's 'Operation Warp Speed' at the start of November — 2 days before the election
(DBN)

Scientists Scared About Fast Track for Vaccine
(DBN)

Sociopathic traits linked to not wearing mask amid pandemic: study
(DBN)

‘Urgent’ request sent to states in push for coronavirus vaccine delivery by Nov. 1
(DBN)

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Pharma:

Raleigh drugmaker files for bankruptcy, owes Iqvia $350K
(DBN)

Akorn Receives Court Approval of Sale to Lenders
(DBN)

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Fraud:

Fortieth Parent Charged in U.S. College Admissions Scandal
(DBN)

A full inquiry is launched into the Wirecard scandal, and this could prove embarrassing for German politicians
(DBN)

Study: Private Border Wall About to Fail
(DBN)

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Fitness:

After 5 Months, N.Y.C. Gyms Reopen. Here’s What to Expect.
(DBN)

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Education:

Colleges drive a new wave of coronavirus hotspots
(DBN)

Why Fauci Says Shutting Down Colleges After Coronavirus Outbreak Is 'Worst Thing You Can Do'
(DBN)

Biden says safe school reopening amid coronavirus is a ‘national emergency’ that merits FEMA funds
(DBN)

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Transit:

LVCVA to Buy Las Vegas Monorail, Bankruptcy in the Mix
(DBN)

The Subways Are Facing a Five-Alarm Fire
(DBN)

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UK:

Mayer Brown continues restructuring expansion with hire of Barry Cosgrave in London
(DBN)

UK Insolvencies Set to Jump by A Third in 2020
(DBN)

Atradius Insolvency Report forecasts 27% climb in UK business failures
(DBN)

BOE Officials Paint Downbeat Picture of U.K. Economic Outlook
(DBN)

U.K. house prices have surged to all-time highs
(DBN)

End of U.K. Support Kept Summer Diners at Home on Tuesday
(DBN)

Barnier ‘Worried and Disappointed’ After Latest Talks with U.K.
(DBN)

Boris Johnson Doubles Down on Ending U.K. Furlough in October
(DBN)

Britain is promoting strict coronavirus quarantines but has issued hardly any fines
(DBN)

Johnson Backs Down Again, Leaving U.K. Virus Plans in Disarray
(DBN)

Defiant City Mayor Shows Johnson Grip Slipping on U.K. Lockdowns
(DBN)

____________

EU:

Europe’s ‘zombie’ recovery will fall behind US, Deutsche Bank warns
(DBN)

COVID-19 cases in Europe back to March level, EU health body says
(DBN)

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Canada:

COVID-19 is setting Canadian women in finance back by decades
(DBN)

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Switzerland:

Switzerland May Add France to Virus Quarantine List
(DBN)

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South Africa:

South African Utility Sees Higher Tariffs as Only Panacea to Financial Woes
(DBN)

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India:

Vodafone India poised to avert bankruptcy after Supreme Court order
(DBN)

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Singapore:

Liquidation under the Insolvency, Restructuring and Dissolution Act
(DBN)

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Germany:

German Shipbuilder FSG Proceeds with Restructuring to Resume Business
(DBN)

Escada Files for Insolvency in Germany Amid Financial Stress
(DBN)

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France:

France reveals fresh stimulus worth 100 billion euros — almost 4% of its GDP and bigger than any other European economy
(DBN)

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