April 13, 2021

The Daily Bankruptcy News

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Law:

Top Biglaw Firm Gives Out Delayed Special Bonuses
(DBN)

Amy Chua Defends Herself And Floodgates Open With Alums Calling BS
(DBN)

The Top Law Firms For Gender Equity & Family-Friendly Policies (2021)
(DBN)

Boies Schiller Delights With Special Bonuses Of Their Own
(DBN)

New York Partner Promotions Slow After Period of Rapid Expansion
(DBN)

Paul Weiss builds up transactions team as deal work stays hot
(DBN)

Client Demands, Time Zones and a Corporate Boom: Why Attorneys Are Working Longer and More Erratic Hours
(DBN)

Remote Work Is Here to Stay. Here's Your Guide to What That Means for the Future
(DBN)

Holland & Knight in merger talks to create 1,600-lawyer firm; does it portend ‘next wave’ of mergers?
(DBN)

Making Partner in a Pandemic: Hinshaw & Culbertson’s Brad Dunn
(DBN)

Making Partner in a Pandemic: Ropes & Gray’s Rob Roberts
(DBN)

This firm takes top spot for its COVID-19 response, Yale Law Women says; which others took top honors?
(DBN)

Florida Set to Hold Bar Exam Online Again in July Due to Virus
(DBN)

Dozens of Big Firm Leaders and GCs Speak Out Against 'Unnecessary Obstacles' to Voting • Big Company General Counsel Join Big Law Voting Rights Statement
(DBN)

Biden picks Tucson police chief to run U.S. Customs and Border Protection • Biden to nominate progressive Tucson police chief to lead border agency • Biden to Name Immigration Officials as Migrants Surge at Border • Mexico has 10,000 troops in south to stem migration, White House says • Biden's immigration tightrope
(DBN)

What do communities do when the police retreat?
(DBN)

Judge refuses to sequester jury in George Floyd murder case • For Chauvin’s trial attorney, it’s all about raising doubt • What’s really at stake in the Chauvin trial • George Floyd's brother gives emotional testimony at Chauvin trial • A former Minneapolis police officer said Derek Chauvin violated protocol kneeling on George Floyd's neck, but he doesn't think the officer committed a crime • Cardiologist Testifies with 'High Degree of Medical Certainty' That George Floyd Did Not Die from Drug Overdose or 'Cardiac Event' • Doctor testifies George Floyd's death was 'absolutely preventable' • In Win for Prosecution, Derek Chauvin's Trial Judge Rules Statements Made by George Floyd's Friend Are Inadmissible Hearsay
(DBN)

Retailers urged to re-think police calls for low-level crimes after George Floyd's death
(DBN)

Black man’s death in Minnesota traffic stop sparks unrest • Fatal shooting of Black man in Minneapolis suburb likely an accident -police chief • Biden calls for "full-blown investigation" into Daunte Wright shooting • Biden calls for peaceful protests after police shooting of Daunte Wright • Minnesota police released the body-camera footage showing the fatal police shooting of Daunte Wright: 'Holy s---. I just shot him.' • Officer in Daunte Wright Shooting Should Be Relieved of Duty: Mayor • Shocking killing renews tensions over police • Officer who fatally shot Daunte Wright can’t be charged with a crime under Minnesota law, attorney says • Minneapolis under curfew after officer shoots Black motorist dead • MN: Cops and Protesters Clash for Second Night
(DBN)

MD Legislature Abolishes Special Bill Of Rights Just For Cops
(DBN)

After 20 years in prison for stealing two shirts, a Louisiana man is free
(DBN)

2 Virginia police officers used excessive force, threatened Army officer during traffic stop, lawsuit says • Virginia AG launches civil rights probe into pepper-spraying of Army officer
(DBN)

The Christian right is racking up huge victories in the Supreme Court, thanks to Amy Coney Barrett
(DBN)

What’s next as Congress ramps up investigations of Jan. 6 • Democratic Rep. Dan Kildee says the Capitol riot left him with post-traumatic stress • Ex-Trump Admin Appointee’s Lawyer: Client Shouldn’t Be Jailed for Jan. 6 Just Because He ‘Should Have Known Better’ • Judge Says Trump Appointee May Be 'Highly Culpable' in Capitol Riot, But Can Be Released • Former High School Classmate Busts Minnesota Man Who Took Selfies Inside Capitol on Jan. 6, Boasted 'We Made It' • Prosecutors Release Picture of the Note Capitol Rioter Richard Barnett Left in Nancy Pelosi’s Office
(DBN)

The Black Church That Could Bankrupt the Proud Boys
(DBN)

White supremacists drive US domestic terrorist attacks to highest level in 25 years
(DBN)

Ex-Trump lawyer seeks home confinement suspension, expected to talk to DA again • Michael Cohen urges judge to end his ‘unlawful’ home detainment; expected to meet with prosecutors again for Trump Organization criminal probe: source
(DBN)

Trump claims New York tax law no longer applies to him because he’s not president
(DBN)

A County Official Brandished a Rifle on Zoom After a Michigan Woman Condemned the Proud Boys. Now She’s Suing.
(DBN)

Harvey Weinstein Indicted on 11 Sexual Assault Charges in Los Angeles • Cardiac issues, back issues, sleep apnea, and is nearly legally blind
(DBN)

‘Skilled predator’ FBI boss harassed 8 women, watchdog finds
(DBN)

Attorneys Accused of Stealing Data From Firm to Face New Trial
(DBN)

______________

Judges:

BK ED MI: Notice of Appointment of New Bankruptcy Judge
(DBN)

BK VT: Bankruptcy Judgeship Position Available
(DBN)

Federal judge killed by hit-and-run driver found with drugs after claiming to be 'Harry Potter,' police said • Woman Claiming To Be Harry Potter Kills Federal Judge In Hit-And-Run Crash • Federal judge killed in hit-and-run incident; police say driver was disoriented, aggressive • 'Snape' Killed Federal Judge in Hit and Run, Then Claimed to Be Harry Potter: Police
(DBN)

State supreme court justice confirms he has been working from outside the country for 3 months
(DBN)

______________

Wall Street:

Stock futures are little changed ahead of key inflation report
(DBN)

Wall St ends lower as investors await earnings, inflation data
(DBN)

______________

Maritime:

Egypt Still Discussing Suez Ship Ever Given’s Rescue Compensation
(DBN)

____________

Transit:

To Save the New York Subway, Send in the Crowds
(DBN)

Biden's Climate Goals Bank On Reviving NYC Public Transit
(DBN)

____________

Agribusiness:

Tensions rise in water battle along Oregon-California line
(DBN)

____________

Religion:

Bankrupt Diocese Selling Assets, Closing Schools
(DBN)

Legal Oppression of Non-Believers Will Rise
(DBN)

Jewish population at lowest percentage since founding of Israel
(DBN)

____________

Student Debt:

$10,000 Student Loan Forgiveness Could End Federal Debt for 1 in 3 Borrowers
(DBN)

Two-Thirds of Older Millennials Are Still Paying Off Student Debt After 10 Years
(DBN)

____________

Movie Theaters:

AMC Entertainment's No-Win Scenario
(DBN)

A Los Angeles movie theater chain won’t be reopening after the pandemic.
(DBN)

____________

Climate:

Western states on verge of worst drought in modern history
(DBN)

____________

Food/Beverage:

Golden Corral Franchisee Files for Chapter 11 Bankruptcy Protection
(DBN)

Why NC restaurant franchisee's nearly $50M bankruptcy could be sign of more to come
(DBN)

Insiders are buzzing about Subway’s attempts to sell itself to Arby’s or Burger King’s parent companies
(DBN)

____________

Retailing:

Retailers look to innovate and tempt customers back to physical stores
(DBN)

Macy’s CEO Pay Tops $11 Million
(DBN)

____________

Defaults:

Defaults Fall Again, Aiding Rally in Low-Rated Debt
(DBN)

____________

Newspapers:

‘Real journalism.’ Inside the battle to save local newspapers
(DBN)

____________

Healthcare:

Bailout helped wealthy hospitals post a banner year
(DBN)

Democrats, led by Biden, are aiming big on health care
(DBN)

WHO says Covid pandemic is growing ‘exponentially’ at more than 4.4 million new cases a week • Pandemic hits 'critical point' as Europe deaths top one million
(DBN)

The warning signs of a longer pandemic
(DBN)

Pastor: Waterboard Fauci in Inquisition
(DBN)

U.S. hits daily vaccination record as case counts return to summer peaks
(DBN)

U.S. Recommends ‘Pause’ For Johnson & Johnson COVID-19 Vaccine Over Clot Reports
(DBN)

The faces in the fog of 'long COVID'
(DBN)

COVID In Colorado: Health Officials Warn Of ‘Fourth and Final Wave’ Affecting Younger People
(DBN)

Biden faces pressure from Pelosi, Sanders over whether to double down on Obamacare or expand Medicare
(DBN)

A vaccine study in college students will help determine when it's safe to take masks off
(DBN)

CDC director: Answer to Michigan COVID-19 surge is "to close things down"
(DBN)

What the CDC says you can do now that you're vaccinated
(DBN)

EU Urged to Limit Astra Shot to People Over 60 in Unified Rules • AstraZeneca Vaccine’s Use Shrinks in Asia Amid Safety Woes • Australia Abandons Vaccine Rollout Target Amid Clot Fear Delays
(DBN)

World’s Worst-Hit Covid Region Starts Reopening Despite Warnings
(DBN)

Texas Governor's Big Coronavirus Boast Gets A Blunt Fact Check From The Experts
(DBN)

Rand Paul calls Fauci a 'petty tyrant'
(DBN)

Ethics panel upholds metal detector fines totaling $15K against Rep. Clyde
(DBN)

Study reveals alarming trend in US death rates since 2000
(DBN)

____________


Economy:

Growing Share of Americans See Risk of Highest Inflation in Years • U.S. consumers raise outlook for inflation, labor market, NY Fed survey finds
(DBN)

Powell says 'it will be a while' before Fed taps the brakes on economy
(DBN)

Market braces for key inflation report that may test the Fed’s mettle
(DBN)

Workers Slowly Pull Away From Jobless Benefits
(DBN)

U.S. small business closures are ticking back toward Covid pandemic highs
(DBN)

Prices of Materials Used by U.S. Businesses Rise Most Since 1974
(DBN)

White House Says Coming Months’ Inflation Bump to Be Transitory
(DBN)

Seven High Frequency Indicators for the Economy
(DBN)

Fed's Rosengren says U.S. economy should see significant rebound this year
(DBN)

Fed’s Bullard Says 75% Vaccinations Would Allow for Taper Debate
(DBN)

Powell: Worried about economy reopening 'too quickly'
(DBN)

A tale of two tapers: This time is different for a Fed focused on jobs
(DBN)

Universal child care could boost women’s lifetime earnings by $130 billion
(DBN)

Dr. Gottlieb believes Americans should have access to Covid ‘vaccine passports’
(DBN)

Big U.S. Banks Cut Loans to Record Low, Again, as Deposits Jump
(DBN)

Business Roundtable Starts Major Ad Campaign Opposing Tax Hikes
(DBN)

Biden faces growing Republican skepticism over infrastructure plan
(DBN)

Goldman Sachs Warns Biden’s Tax Package Will Cut Earnings Growth
(DBN)

Nearly Two-Thirds of CEOs Say Biden's Tax Hike Will Slow Wage Growth
(DBN)

U.S. budget deficit hits record high for March as aid payments swell outlays • U.S. government spent $660 billion more in March than it collected in revenue, the third-largest monthly deficit on record
(DBN)

Democrats Prepare to Tackle Biden’s Sweeping Spending Package
(DBN)

Progressives fight for leverage amid ever-slimming majority
(DBN)

Biden to meet bipartisan group of lawmakers in fresh push on infrastructure plan
(DBN)

A top Biden advisor says the White House doesn't need GOP support in Congress for infrastructure package to be bipartisan
(DBN)

Biden likely to cut about $700 billion from his infrastructure plan in compromise, Goldman says
(DBN)

Can Biden Be Our F.D.R.?
(DBN)

Secretary Pete on Biden's remark that his infrastructure plan will create 19 million jobs - it's more like 2.7 million
(DBN)

A Nobel-prize winning economist says there shouldn't be a wealth tax because the wealthy would find a way to dodge it
(DBN)

U.N. chief pushes tax on rich who profited during pandemic
(DBN)

I'm a CEO who allowed my remote employees to set their own working hours. We're way more productive and much happier as a result.
(DBN)

Salesforce to welcome vaccinated employees back to office
(DBN)

Amazon drivers describe the paranoia of working under the watchful eyes of new truck cameras that monitor them constantly and fire off 'rage-inducing' alerts if they make a wrong move
(DBN)

Gen Z is going to have a hard time getting rich
(DBN)

World's Eight Richest People Now Worth $1 Trillion
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

Housing Inventory April 12th Update: At Record Lows
(DBN)

Colorado Real Estate in March: Sales Up 13% YoY, Inventory Down 69% YoY
(DBN)

Minnesota Real Estate in March: Sales Up 3% YoY, Inventory Down 55% YoY
(DBN)

MBA Survey: "Share of Mortgage Loans in Forbearance Decreases to 4.66%"
(DBN)

What Biden’s plan to tackle housing prices is missing
(DBN)

Steve Cohen’s Manhattan Penthouse Sells After a 74% Price Cut
(DBN)

'I hate this home now:' California couple finally changes the locks on their dream house after previous owner refused to leave for over a year
(DBN)

How will NJ prevent a tsunami of evictions and foreclosures when the moratorium ends?
(DBN)

____________

Municipalities:

Bespoke Bankruptcy
(DBN)

Oversight Board Reaches Agreement in Principle on Clawback Claims
(DBN)

Just 500 New York City households will pay the highest rate in Cuomo's millionaire-tax hike • 'There's never been a better time to move': Will Cuomo's millionaire tax convince the superrich to flee New York?
(DBN)

____________

Oil/Gas:

U.S. Oil Output Nears Levels Not Seen Since Pandemic’s Start
(DBN)

Oil, gas deal tracker: Q1 M&A activity surged as billion-dollar deals multiplied
(DBN)

Big Oil’s Dwindling Reserves Are A Major Problem • Houston, We Have A Problem. Oil Reserves Have Fallen Below 10 Years
(DBN)

U.S., European consumers warm up to electric vehicles, but remain wary of price: survey
(DBN)

Shell Energy Transition Plans Fail to Assure Climate Groups
(DBN)

Texas has a cautionary tale for Biden’s infrastructure plan
(DBN)

Joe Biden’s oil clean-up plan slammed as bailout for fossil fuels
(DBN)

Gas Pump Sticker Shock: Bay Area Approaching Nation Leading $4 A Gallon Average Price
(DBN)

____________

Education:

US colleges divided over requiring student vaccinations • List of colleges and universities nationwide requiring COVID vaccine continues to grow
(DBN)

California teacher goes off on students on Zoom over parents' push for in-person classes
(DBN)

One Jewish photographer’s mission to preserve the legacy of the Rosenwald schools
(DBN)

____________

Credit Reporting:

Biden Wants to Shut Down Credit Bureaus – What Would That Mean for You?
(DBN)

____________

Cannabis:

New Mexico governor signs marijuana legalization bill
(DBN)

____________

Autos:

Hertz shareholders say vaccines, increased travel warrant better restructuring deal
(DBN)

Biden meets with executives on chip shortage as U.S. auto industry feels the pain
(DBN)

____________

Performing Arts:

Live events industry eyes pandemic comeback
(DBN)

____________

Mass Torts:

Boy Scouts lawyers eye new bankruptcy reorganization plan
(DBN)

____________

Theme Parks:

Westchester lawmakers OK new Playland contract after bitter legal battle
(DBN)

____________

Personal Finance:

Money shame carries a steep human toll—’We live in a culture where our money is our worth’
(DBN)

____________

Politics:

U.S. CEOs Poised to Join Black Peers in Voting Rights Push • Corporate backlash to Georgia's new voting law is shaping other fights around the country over access to the polls • Corporate leaders plan new push on U.S. voting rights, will reconsider campaign donations • After Georgia, companies are banding together to condemn restrictive voting laws • CEOs Weigh Donation, Investment Pullback Over Voting Rights
(DBN)

It’s Not Just Georgia: More Than A Dozen Other States Are Trying To Take Power Away From Local Election Officials
(DBN)

Texas Companies Speak Out Against Restricting Voting Rights
(DBN)

Biglaw And GCs Join Forces And Speak Out Against Attempts To Suppress The Vote
(DBN)

Business faces tricky path navigating post-Trump politics
(DBN)

Trump's early endorsements reveal GOP rift
(DBN)

Will Smith & Antoine Fuqua Confirm Georgia Exit Of ‘Emancipation’: “We Cannot In Good Conscience Provide Economic Support” After Recent Election Law
(DBN)

ADL demands Fox News fire Tucker Carlson over anti-Semitic trope: 'This has deadly significance'
(DBN)

Top Cuomo Aide May Have Violated State Law by Using Government Resources to Work on Super PAC Poll
(DBN)

Boehner Says Jordan, Cruz Among Congress’ ‘Political Terrorists’ • John Boehner says that Mitch McConnell 'holds his feelings, thoughts, and emotions in a lockbox' • Boehner says 'unemployed' Trump 'has nothing else to do' but 'cause trouble' • Boehner decries extremism in Republican Party, describes anger over Capitol siege
(DBN)

John Cornyn Asks If Biden Is 'Really In Charge' Because He Doesn't Tweet A Lot
(DBN)

Chris Wallace Calls Out GOP Governor's Silence On Migrant Sex Abuse During Trump Era
(DBN)

___________

 
New Bankruptcy Opinions
(3 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (23 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (5 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 MN: Updated Case Filing Statistics
(DBN)

Corporate Bankruptcies Hit Precipitous High in March
(DBN)

______________

Bankruptcy Reform:

So You Filed Chapter 11 Bankruptcy Before the Effective Date of the New Small Business Provisions and the Broader Eligibility Under the CARES Act – But It May Not Be Too Late to Take Advantage of Them
(DBN)

____________

Mediation:

Co-Mediation of Insurance Issues in Bankruptcy Cases
(DBN)

____________

Bankruptcy Remoteness:

'Golden Shares' in US Bankruptcy Cases: Can the Right to Block a Bankruptcy Filing Be Enforced?
(DBN)

____________

Bankruptcy Estates:

The Limited Lifespan of the Bankruptcy Estate: Managing Consumer and Small Business Reorganizations
(DBN)

____________

Finance:

SBA clarifies bankruptcy PPP eligibility
(DBN)

____________

Insurance:

2nd Circuit: Insurer Must Pay for Merchandise Lost in Warehouse’s Bankruptcy Sale
(DBN)

____________

Aviation:

‘Open like crazy’: Bond market draws airlines shunning US aid
(DBN)

Airlines Don't Need to Be Saved by Taxpayers Again
(DBN)

United Airlines sees first-quarter revenue falling 66%
(DBN)

Delta Airlines to Report Loss in 2021, Unless There is Significant Recovery in Traffic: Cowen
(DBN)

Air France-KLM seeks about 1 billion euros via share issue
(DBN)

Norwegian Air Restructuring Secures Oslo Court Approval
(DBN)

Thai Airways cuts another 4,250 staff, offering them early retirement
(DBN)

____________

Tech:

Cars, anyone? How the computer chip shortage is rattling the economy
(DBN)

White House to zero in on chip shortage in meeting with company officials
(DBN)

The global chip shortage is set to drag on. 4 experts predict how long it could last and how it could affect markets
(DBN)

 Biden jobs plan includes $50 billion for chips research, manufacturing
(DBN)

____________

Telecoms:

Charter must pay $19 million for tricking customers into switching ISPs
(DBN)

____________

Gig Economy:

Drivers wanted: Record demand at Uber as vaccinations rise
(DBN)

____________

Fraud:

Wirecard’s Regulator Faces Criminal Probe as Scandal Expands
(DBN)

Hild trial begins today in Manhattan: ‘This is when the truth comes out’
(DBN)

____________

Hedge Funds:

Powell says U.S. Fed is reviewing 'concerning' Archegos bank losses
(DBN)

____________

Travel:

Dutch tourists trade lockdown at home for Greek resort confinement
(DBN)

____________

Sovereigns:

IMF aims to distribute SDR reserves this summer, Okamoto says
(DBN)

____________

UK:

Permanent changes to Scotland's bankruptcy laws following Covid 19
(DBN)

Mukesh Ambani is giving 261-year-old British icon a fresh lease of life
(DBN)

Eurostar on brink: UK told not to fall for 'cheeky' demands as firm is 'French owned'
(DBN)

Holt to head KPMG's UK arm ahead of Carillion probe outcome • KPMG U.K. Picks New CEO After Predecessor’s ‘Victim Card’ Remark
(DBN)

UK to investigate Greensill Capital as former PM David Cameron faces criticism over lobbying
(DBN)

Snow no barrier to Brits heading for newly reopened pubs after almost 100 days of covid closure • Brits bent on spending spree as pubs, shops, gyms and hairdressers reopen in England
(DBN)

Shoppers rush back as High Streets reopen in England and Wales • England’s Retail Shops Have ‘Roaring 20s’ Moment As Third Lockdown Is Lifted
(DBN)

High street favorites that won't reopen today after collapsing during Covid crisis
(DBN)

'I'm so excited' - England reopens with pints pulled, shopping sprees and hair cuts
(DBN)

U.K. Business Leader Optimism at All-Time High as Lockdown Eases
(DBN)

U.K. CFOs See Most Staff Back in the Office by September
(DBN)

Almost Half of U.K. Exporters Say Sales Dropped After Brexit
(DBN)

Violent riots have broken out in Northern Ireland — here’s why
(DBN)

____________

EU:

EU Rescue Fund Chief Says 750 Billion-Euro Aid Plan Is on Track
(DBN)

Europe is heading toward a new financial crisis
(DBN)

EU's Covid Death Toll Crosses 1 Million
(DBN)

____________

PIIGS:

Police search headquarters of Spain's Abengoa
(DBN)

____________

Canada:

Business sentiment jumps to third-highest level ever in Canada
(DBN)

Ontario hospitals may have to withhold care as COVID-19 fills ICUs
(DBN)

Ontario shuts down in-person classes as COVID-19 cases surge
(DBN)

‘I was terminated from Laurentian University today’ - Reaction to job, program cuts swift and bitter
(DBN)

____________

India:

India’s bankruptcy resolution professionals are under siege
(DBN)

India to See ‘K-Shaped’ Recovery as Demand Hit, Says Ex-RBI Head
(DBN)

Businesses in India's richest state choke under new COVID-19 curbs
(DBN)

India Sees Job Losses as Curbs Return to Check New Virus Wave
(DBN)

CEOs in India Seek to Vaccinate Staff to Avert Lockdown
(DBN)

____________

Mexico:

Prepackage bankruptcy in Mexico
(DBN)

____________

Hong Kong:

Hong Kong to Ease Covid Restrictions for Vaccinated People
(DBN)

____________

Germany:

German shipyard Nobiskrug files for insolvency
(DBN)

____________

Japan:

Over 700 restaurants failed in Japan in 2020
(DBN)

Japan’s Slow Vaccine Rollout Pushes Back Recovery Time Frame
(DBN)

____________

Brazil:

What to expect with Samarco's bankruptcy protection request
(DBN)

Covid-19: Why have deaths soared in Brazil?
(DBN)

Brazil Now Has More Young Than Old Covid Patients In ICUs
(DBN)

____________

China:

China’s message to America: We’re an equal now
(DBN)

____________

BVI:

Eastern Caribbean Court of Appeal clarifies the law on common law recognition and assistance in the British Virgin Islands for cross border insolvencies
(DBN)

____________

Singapore:

Ratification of Agreements by the Court in Bankruptcy
(DBN)

____________

Australia:

Australia's New Insolvency Regimes for Small Business
(DBN)

___________


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