April 1, 2021

The Daily Bankruptcy News

View prior editions: Click Here
View prior case summaries: Click Here
Search prior headlines: Click Here
Search prior case summaries: Click Here

Format For Mobile Device



Law:

Another Biglaw Firm Rolls Out Most Excellent Special Bonuses
(DBN)

Top 50 Biglaw Firm Gets On Board With Special Spring Bonuses For Associates
(DBN)

COVID Appreciation Bonuses For The Hardest Workers
(DBN)

Leading Magic Circle Firm Sounds Off On Special Bonuses
(DBN)

Orrick Offers Big-Time Bonuses Plus Above-Market Money For High Billers
(DBN)

Special Bonuses With A Side Of 'Significantly Increasing' Annual Bonus
(DBN)

More Big Bonus Bucks Are Being Handed Down At This Biglaw Firm
(DBN)

Magic Circle Firm Tosses Its Hat Into The Special Bonus Ring
(DBN)

Notice of Appearance: Jeffrey Cohen, Partner and Chair of Bankruptcy and Restructuring at Lowenstein Sandler LLP
(DBN)

Gay Bankruptcy Lawyer Calls Polsinelli’s Diversity Focus ‘Marketing Ploy’
(DBN)

The Law Schools With The Highest LSAT Scores (2020)
(DBN)

This T14 Law School Impresses With Low (Relatively Speaking) Student Debt
(DBN)

Shearman & Sterling Expands London Financial Restructuring & Insolvency Practice
(DBN)

Erika Jayne’s Husband Thomas Girardi Hit With Charges By State Bar
(DBN)

U.S. Capitol Police Officers Accuse Former President Donald Trump of 'Directing' Assaults on Them During the Jan. 6th Siege Texas lifestyle coach arrested for storming the Capitol on Jan. 6 Some Capitol riot suspects apologize as consequences sink in
(DBN)

The Trump campaign's nondisclosure agreements have been voided by a court, opening the door for whistleblowers
(DBN)

N.Y. Seeks Trump Insider’s Records, in Apparent Bid to Gain Cooperation
(DBN)

Behind #FightBack: Untold Tales of Lin Wood, an Unreported Gun Incident and How Kyle Rittenhouse’s Mother Sees It All
(DBN)

Store worker describes interaction with George Floyd Prosecutors correct infamous detail of George Floyd's death New footage presented in Chauvin trial Outside the courthouse, Minneapolis weighs the meaning of the Chauvin trial
(DBN)

Honduran migrant boy, 4, found traveling alone by U.S.-Mexico border More than a million migrants expected at U.S.-Mexico border this year - U.S. official Private New Mexico camp preps to house migrant children
(DBN)

Border Patrol canine sniffs out $60,000 worth of drugs hidden in breakfast burritos
(DBN)

In former Klan country, one Black woman decides she's had enough
(DBN)

Jeffrey Epstein Raped Muslim Woman with Ghislaine Maxwell's Help, Threatened Her with Alligators, Forced Her to Have Sex with a Judge and 'Mutilated' Her Vagina: Lawsuit
(DBN)

Rep. Matt Gaetz Claims There's an Elaborate Extortion Scheme Against Him After Report on DOJ Sex Trafficking Investigation Documents Detail Gaetz Extortion Attempt Rep. Matt Gaetz denies relationship with 17-year-old and claims extortion attempt The one *big* problem with Matt Gaetz's explanation Ex-GOP official Joel Greenberg flaunted ties to Matt Gaetz. Then he was charged with child sex trafficking. Fox News Responds to Report on Matt Gaetz’s Future: ‘We Have No Interest in Hiring Him’ Gaetz runs the Trump playbook for scandal: Keep talking, and talking QAnon Community Outraged by Matt Gaetz Sex Trafficking Investigation … Except for the Wrong Reason Tucker Carlson denies Gaetz claim that he met witness in FBI probes: 'One of the weirdest interviews I've ever conducted' Matt Gaetz’s disastrous Tucker Carlson interview, explained
(DBN)

Suspect Arrested in Racist Attack on 65-Year-Old Asian Woman Also Killed His Mother in 2002: Police
(DBN)

More lawsuits filed against Deshaun Watson, bringing the total to 21
(DBN)

______________

Wall Street:

Stock futures rise following Biden’s infrastructure speech
(DBN)

Moelis to Give Young Bankers $10,000 Amid Elevated Workloads
(DBN)

______________

Transit:

Texas high-speed rail could be first in line for funding from Biden, Congress
(DBN)

U.S. EV charging system a priority in Biden’s $2 trillion infrastructure plan, but it won’t be easy
(DBN)

White House plan calls for large expansion of federal government's role in transportation
(DBN)

____________

Non-Profits:

New York Attorney General Says NRA Boss Kept Board in Dark on Planned Bankruptcy
(DBN)

NRA’s grassroots clout still formidable with Republicans despite legal setbacks
(DBN)

____________

Utilities:

Alaska Could See ‘California Style’ Blackouts in Face of Climate Change
(DBN)

PG&E Wins Appeal Affirming Dismissal of $2.5 Billion Class Action Suit
(DBN)

After the winter storm, a Texas mobile home community’s nightmare was far from over
(DBN)

____________

Bankruptcy Crimes:

Brother and Sister Charged in Scheme to Thwart IRS Tax Collection
(DBN)

____________

Newspapers:

As US newspapers slide toward abyss, a bidding war breaks out
(DBN)

____________

Climate:

California Already Facing Another Drought
(DBN)

____________

Banking:

Commerzbank Board Upheaval Deepens as Three More Members Resign
(DBN)

____________

Cannabis:

New York Legalizes Recreational Pot
(DBN)

____________

Fraud:

March 2021 Ponzi Scheme Roundup
(DBN)

____________

Mass Torts:

When Mass Tort Meets Bankruptcy
(DBN)

68 Claims Of Abuse Made Against Local BSA Council
(DBN)

____________

Mail:

Notice something’s up with USPS? There’s a reason behind the mail crisis
(DBN)

____________

Telecoms:

Biden broadband plan will be hated by big ISPs, welcomed by Internet users
(DBN)

____________


Economy:

ADP: Private Employment increased 517,000 in March
(DBN)

Here's What's In President Biden's $2 Trillion Infrastructure Proposal Biden targets global corporations to fund landmark infrastructure plan The US Chamber of Commerce called Biden's new infrastructure plan 'dangerously misguided' Business world divided on whether to fight proposed corporate tax hike in Biden infrastructure plan McConnell slams tax hikes in Biden infrastructure bill, signals he will oppose it Businesses Hail Biden Public Works Plan, Disdain Tax Increases White House aims to curb racial inequity as part of infrastructure and jobs plan How Biden’s $2 trillion infrastructure plan addresses climate change Biden wants to give a $300 billion tech facelift to America's infrastructure Here's exactly how Biden's $2 trillion of infrastructure spending breaks down 5 key takeaways from Biden's $2 trillion infrastructure plan Bumpy Road for Biden Infrastructure Plan
(DBN)

The hard part: Biden infrastructure-linked tax hikes face hurdles in Congress Biden Eyes 4 Major Tax Increases
(DBN)

Biden's economic plan calls for much bigger government role. Will it work?
(DBN)

Debt Up $1 Trillion in First 6 Months of Fiscal 2021
(DBN)

'A new era': Even as debt soars, Biden faces few spending constraints
(DBN)

Accounting firm tells staff they can start and finish work when they like
(DBN)

States have given out billions in unemployment benefit overpayments during pandemic, watchdog reports
(DBN)

Vaccine passports launched in Las Vegas but privacy, choice still concerns Everything you need to know about vaccine passports How vaccine passports might work in the US
(DBN)

WTO Revises Global Trade Forecast Higher
(DBN)

Millennials Stuck in World Boomers Wrecked
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

Commercial Landlords (and Their Lenders) Beware: Bankruptcy Courts Are Shifting Risks to Lessors in Response to the Exigent Circumstances Brought on by COVID-19
(DBN)

NAR: Pending Home Sales Decrease 10.6% in February
(DBN)

Manhattan’s Fifth Avenue Mired in $200 Million Retail Rent Fight
(DBN)

The ugly side of housing: low inventory
(DBN)

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

Fannie Mae: Mortgage Serious Delinquency Rate Decreased in February
(DBN)

Evictions are banned for three more months. What you need to know
(DBN)

UWS Bankruptcy Case Concludes With Chapter 11 Sale, Removal of Owner
(DBN)

Amazon says it expects some employees to return to the office this summer Amazon says its 'office-centric' model is here to stay and will bring most US employees back by the fall
(DBN)

A Stalking Horse Bids $69M for Bankrupt Henry Ford Village in Dearborn
(DBN)

The nation's hottest housing market? Surprise — it's Fresno
(DBN)

Six months since re-opening, American Dream’s troubles are mounting
(DBN)

Amazon Turns to Struggling Malls, But Not To Sell Stuff
(DBN)

What Biden’s infrastructure plan does for housing
(DBN)

____________

Municipalities:

PR: Former Treasury Chief: Fiscal Board’s Debt Restructuring Ignores Economic Problems
(DBN)

San Francisco Thanks Biden for Helping to Solve Budget Gap
(DBN)

____________

Oil/Gas:

Ferrellgas successfully completes restructuring efforts
(DBN)

Head-to-Head: Texas Legislature Looks to Close First Purchaser Protection Gap with “Texas First Purchaser Lien Act”
(DBN)

Biden's infrastructure plan aims to speed up U.S. shift from fossil fuels
(DBN)

Biden Wants to End Billions in Oil Subsidies
(DBN)

Biden plan would spend $16B to clean up old mines, oil wells
(DBN)

The Future Of U.S. LNG Hangs In The Balance
(DBN)

Exxon sees up to $800million earnings hit from Texas freeze
(DBN)

____________

Tourism:

In Empty Amsterdam, Reconsidering Tourism
(DBN)

A Miami Beach restaurant owner says the city should 'remove all curfews' after spring break season as tourism continues to suffer
(DBN)

____________

Healthcare:

Covid-19 was third leading cause of death last year, CDC confirms in early data CDC: "Age-adjusted death rate increased by 15.9% in 2020"; COVID Third Leading Cause of Death
(DBN)

2020 US Death Rate Jumped Nearly 16%
(DBN)

Wisconsin Supreme Court Declares Governor's Mask Mandate Is 'Unlawful'
(DBN)

Sarah Palin Reveals COVID Diagnosis and 'Bizarre' Symptoms, Urges Others to Continue Wearing Masks
(DBN)

CDC director says UK variant becoming predominant strain in many parts of U.S.
(DBN)

Adviser warned Trump on virus supply shortage, then pursued controversial deals
(DBN)

Navarro's Corrupt Covid Supply Deals
(DBN)

Doctors advise against traveling immediately after your vaccination
(DBN)

Coronavirus surge could be worse than the last for the Americas -PAHO
(DBN)

The Rise and Fall of a Covid Miracle Cure
(DBN)

____________

Personal Finance:

You Had Me at ‘Has Never Filed for Bankruptcy’
(DBN)

____________

Mining:

General Moly : Bankruptcy Judge Confirms General Moly's Chapter 11 Plan of Reorganization; Remaining Directors Resign Their Positions
(DBN)

____________

Movie Theaters:

Can Alamo Drafthouse Battle Back From Bankruptcy and Lead a Moviegoing Revival?
(DBN)

____________

 


New Bankruptcy Opinions
(10 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (12 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:

Diverging Bankruptcy Trends Flag SME Risks
(DBN)

What experts want you to know about Colorado's drop in bankruptcy filings
(DBN)

______________

Avoidance Actions:

COVID-19 Pandemic Preference Amendments to Bankruptcy Code Benefiting Vendors, Customers, Commercial Landlords and Tenants
(DBN)

Additional Preference Protection in Recent Stimulus Legislation: Reality or Illusion?
(DBN)

____________

Recharacterization:

The Bankruptcy Court for the Southern District of New York Recharacterizes Debt as Equity
(DBN)

____________

Bankruptcy Reform:

Updates to Bankruptcy Relief Provisions of the CARES Act
(DBN)

Covid-19: Bankruptcy Code Amendments in The Consolidated Appropriation Act and Covid-19 Bankruptcy Relief Extension Act
(DBN)

____________

Setoff:

Third Circuit Eschews Setoff Creativity in Favor of a Simple Mutuality Test
(DBN)

The Third Circuit Definitively Rejects Triangular Setoff
(DBN)

____________

Aviation:

Delta is the last U.S. airline blocking middle seats. That ends May 1.
(DBN)

Thai Airways due to submit rehabilitation plan
(DBN)

____________

Food/Beverage:

Report: 10% of all restaurants have closed during pandemic
(DBN)

____________

Retailing:

Paper Source files for bankruptcy, leaving many small craft businesses in a jam
(DBN)

Months out of bankruptcy, Neiman Marcus refinances $1.1B in debt
(DBN)

The JCPenney Bankruptcy: An inside view from a shareholder perspective
(DBN)

____________

Politics:

AP-NORC poll: Biden bolstered by strong marks on pandemic
(DBN)

‘Haphazard And Ineffective’: Newly Released Documents Paint Dire Picture Of Trump Administration’s Handling Of Crisis
(DBN)

Major U.S. companies take aim at Georgia’s new voting restrictions Delta CEO blasts Georgia voting law after backlash 'Based on a lie': Delta CEO blasts Georgia's 'unacceptable' voting law
(DBN)

Georgia's White Men Cull the Wrong Voters
(DBN)

As Cuomo Sought $4 Million Book Deal, Aides Hid Damaging Death Toll
(DBN)

Waukegan Latinx activists protest renaming Thomas Jefferson Middle School after Barack and Michelle Obama
(DBN)

TX: Senate Advances Voting Restriction Bill
(DBN)

____________

Education:

Vaccinating kids could slow school reopenings, National Parents Union fears
(DBN)

___________

Sports:

Poll: Less than half of Americans feel comfortable attending sports in person
(DBN)

____________

History:

A Forgotten Chapter in U.S. History: When Women Had To Choose Between Mortgages and Motherhood
(DBN)

____________

UK:

Credit Suisse ups pressure on Sanjeev Gupta with winding-up bid
(DBN)

Sanjeev Gupta faces winding-up orders in London insolvency court Gupta urges creditors not to pull plug on steel empire
(DBN)

The Queen gets her second Covid vaccine dose before heading out for first public event after five months in lockdown
(DBN)

____________

PIIGS:

By 2021, 19% of Portugal and 26% of the world will go bankrupt
(DBN)

Italy makes COVID-19 vaccine mandatory for all health workers
(DBN)

____________

France:

French President Macron under pressure to lock down as Covid-19 hospitalizations soar France Heads Into Four-Week Lockdown as Virus Spirals in Europe Macron orders COVID-19 lockdown across all of France, closes schools
(DBN)

____________

Germany:

German bankruptcies fall to lowest level since 1990s
(DBN)

____________

Belgium:

Pimkie Belgium declares bankruptcy
(DBN)

____________

India:

Corporate bankruptcy, insolvency cases may swell. Is govt ready to tackle them?
(DBN)

____________

New Zealand:

Court of Appeal delivers Mainzeal decision: significant implications for insolvent trading Mainzeal court case throws Companies Act into limelight
(DBN)

____________

Brazil:

Brazil closes out deadliest month of pandemic by far
(DBN)

Brazil: calls grow for removal of 'coup-mongering' Bolsonaro as crisis builds
(DBN)

____________


The Daily Bankruptcy News is primarily a curated news link gathering service.   Most of the headlines contained in the publication are a collection of links to stories posted on the Internet by various third party publications.  Such content is owned by third party sources, not The Daily Bankruptcy News, and in some cases, these links change or expire, which means you may not be able to view some news stories in prior editions of the Daily Bankruptcy News. The DBN subptption fee is not a fee for access to the content of the links, but is a charge for the considerable work involved in gathering, organizing and presenting the links. Use of this site and The Daily Bankruptcy News is subject to our Terms of Use. If you received The Daily Bankruptcy News via email (and you have a paid subscription account), to view a news story, click on the headline, and the story should open in your web browser. To view additional stories, click back to the email and click on additional headlines, which will cause new stories to open in your web browser.  You can view the most recent edition of The Daily Bankruptcy News on the web at BKInformation.com.

Advertising
Advertising is available in The Daily Bankruptcy News. Click here for details  Feel free to contact us with any questions.

Passwords/Subscriptions
Access to certain links in The Daily Bankruptcy News is available only to readers holding a paid service subscription. These links are currently marked with a "DBN" notation. The cost of a subscription is $66.50/year, payable annually.  Volume discounts are available for sites with multiple users. Click here to see a schedule of discounts. Complimentary subscriptions are available for full-time educational and governmental employees and for full time students. For information about discounts or educational/governmental subscriptions, contact us by clicking here. A separate password is required for each member of a firm wishing access to restricted links.

New readers can receive a free password good for 30 days by clicking here. 30-day passwords are not available to readers who have previously had a password, even if the password was associated with a different email address used by the reader. Refunds are not available after purchase.

Readers who wish to change their passwords should click here. Readers who have forgotten their password should click here.

Adding Your Email Address To The Distribution List
If you would like to start receiving The Daily Bankruptcy News by email each day, click here, and fill in the information requested. There is no charge to be placed on the distribution list to receive the headlines, although access to many of the links behind the headlines requires a paid subscription (see above, under Passwords). If, after adding your email address to the distribution list, you do not receive an email confirming the addition, please contact us by clicking here for help.

Removing Your Email Address From The Distribution List
If you already receive The Daily Bankruptcy News by email and you wish to remove your email address from the distribution list, click here and send the email that should appear. You do not need to type anything in the body of the email message. Note that the email asking for removal must be sent from the same email address which is on our distribution list. If you do not receive an email confirming deletion of your email address from the distribution list, contact us by clicking here for help.

If receive the publication forwarded from an older email address, you will need to contact us as described below for help removing that older address from our distribution list.

Press Releases/News Tips
Please send press releases and news tips to admin@bkinformation.com

Contact Us
The Daily Bankruptcy News is published each business day by BKINFORMATION.COM, L.L.C. You can phone or text us at 281-402-3957. You can email us at accounting@bkinformation.com (email inquiries are usually answered substantially more quickly than phone inquiries). Our mailing address is 935 Eldridge Road, No. 350, Sugar Land, Texas 77478.

Copyright 2021