April 20, 2021

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Associates Miffed Over Fine Print On Special Bonuses
(DBN)

Firm Ignores Biglaw Special Bonus Trend, Gives Associates The Gift Of Takeout Food
(DBN)

Big Law firms are in an ‘unprecedented’ scramble for associates, paying up to six-figure signing bonuses to get young lawyers in the door
(DBN)

BigLaw partner is no longer listed on firm website after accusation of misrepresentation to federal court
(DBN)

This former attorney general now bills for BigLaw at nearly $2,300 per hour
(DBN)

Bankruptcy on Last Week Tonight with John Oliver
(DBN)

Generation Z Law Students Want Remote Work Option, Survey Says
(DBN)

Judge rules retirement accounts of former BigLaw lawyer can be tapped for $10.4M restitution order
(DBN)

Biglaw Firm's 'Hybrid' Working Model Includes Working From Home Up To 60% Of The Time
(DBN)

The Great Law Firm Reopening Tracker: Back To Work, But Still Working From Home
(DBN)

Kirkland & Ellis Opens in Austin, Its Third Office in Texas
(DBN)

Jail for Ex-Lawyer Who Stole from Sept. 11 Victims’ Fund
(DBN)

Ex-officer who police say killed 3 in Austin has been arrested after 20-hour manhunt
(DBN)

Derek Chauvin 'betrayed his badge' in killing George Floyd, prosecutor says in closing argument • ‘This Wasn’t Policing’: 6 Key Elements in Closing Arguments of Derek Chauvin Trial in George Floyd’s Death • "Believe your eyes": Prosecutors make closing arguments in Chauvin trial • Derek Chauvin kneeled on George Floyd for over 9 minutes because of ex-officer's pride and ego, prosecutor says • Maxine Waters offers right-wing alternative universe for Chauvin trial • Chauvin Judge Scolds Maxine Waters • Kevin McCarthy Threatens Action Against Maxine Waters Over Protest Remarks • Murder case against ex-cop in Floyd’s death goes to the jury • Jurors resume deliberations as the nation awaits Chauvin verdict
(DBN)

Minneapolis braces for a verdict in the Derek Chauvin trial • Minneapolis braces for violence over Derek Chauvin verdict as pig’s head left at former home of witness who defended cop • Vandals Left Blood, Pig's Head at Former Home of Derek Chauvin Expert Witness: Police • Waters calls for protesters to 'get more confrontational' if no guilty verdict is reached in Derek Chauvin trial • 2 views of Floyd onlookers: Desperate to help, or angry mob? • Imminent Chauvin Trial Verdict Prompts 7 MN Counties to Declare Emergency
(DBN)

Minnesota city spent over $9,000 to protect home of former officer who shot Daunte Wright • Brooklyn Center Mayor Says 'Not Safe To Drive in Minnesota' While Black
(DBN)

Florida: Making It Easier to Run Over Protesters • What's in Florida's Anti-Riot Bill
(DBN)

What Are Police Thinking?
(DBN)

Garland Warns of Domestic Terrorism 26 Years After Oklahoma City Bombing
(DBN)

Top Oath Keeper Says Active-Duty Cops Are Training Militia Members for Civil War • New evidence leads judge to revoke bail for Proud Boy leaders involved in Capitol riot
(DBN)

Medical examiner: Capitol officer died of natural causes
(DBN)

My Pillow countersues voting machine company in dispute over U.S. election
(DBN)

Roger Stone Quit Paying His Taxes Because DEEP STATE
(DBN)

Lin Wood Working '20 Hours a Day' to Reverse 2020 Election Result
(DBN)

Supreme Court tosses out another Republican 2020 election challenge
(DBN)

SCOTUS Passes on Second Amendment Cases
(DBN)

The Government Seized This Innocent Man's Car Without Due Process. SCOTUS Won't Hear the Case.
(DBN)

Fact check: Biden's claim that gun owners support his gun-control proposals
(DBN)

Texas Republicans are vowing to defy any new federal gun rules. Experts say it's largely a symbolic gesture.
(DBN)

Prosecutor: FedEx shooter didn’t have ‘red flag’ hearing
(DBN)

Oregon gun storage law would be among the toughest in the US
(DBN)

Gun-Rights Appeals by Convicted Criminals Rejected by Top Court
(DBN)

Houston Texans' Deshaun Watson describes women's lawsuits as 'money grab' • Deshaun Watson's attorney criticizes sexual assault lawsuits as 'avalanche of false accusations' • Deshaun Watson Filing Claims All 22 Women Who Have Accused Him Are Lying, Blasts Ashley Solis as 'Prototype' for 'Assembly Line of Similar Allegations'
(DBN)

Father of Murdered Infant Alleges Police Dumped Out Daughter's Ashes During 'Unlawful Search'
(DBN)

U.S. Supreme Court doubts 'green cards' for some protected migrants
(DBN)

5 recommendations as Biden works to dismantle discriminatory immigration policies
(DBN)

White House backtracks after Biden calls border situation a 'crisis'
(DBN)

Ghislaine Maxwell Lawyers Claim Jeffrey Epstein Victims 'Sought Money'
(DBN)

The Two Memos With Enormous Constitutional Consequences
(DBN)

______________

Judges:

Colorado judge used the n-word and proclaimed that 'all lives matter.' Now she's resigning •Judge Repeatedly Said N-Word When Asking Black Colleague Why White People Can't Use It: Court
(DBN)

Sotomayor Stands Alone in Dissent Against Forcing Defendants to Wear 'Unnecessary Leg Irons and Manacles' in Court
(DBN)

Sotomayor Was the Only Justice Who Questioned a Jail's Warrantless Search of a Woman's Vagina and Anus
(DBN)

Justice Alito Has a Chance to Say 'I Told You So' When Supreme Court Hears Arguments in Illegal Gun Cases
(DBN)

'Abhorrent': Derek Chauvin’s Trial Judge Calls Out Rep. Maxine Waters for Being 'Disrespectful to the Rule of Law'
(DBN)

On The Long Tradition Of Supreme Court Dissents
(DBN)

______________

Wall Street:

Dow futures fall 150 points as stocks are set to fall for a second day
(DBN)

Wall Street slips off record highs
(DBN)

2021's expected earnings blowout begins
(DBN)

Robinhood traders might have had a point on Hertz
(DBN)

______________

Telecoms:

Fiber execution could make or break Frontier’s future, analysts say
(DBN)

____________

Finance:

Credit Suisse Weighs Sale of Greensill Funds’ Distressed Assets
(DBN)

____________

Food/Beverage:

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

Hard-hit NY restaurants expected to chomp into relief grants
(DBN)

Coca-Cola tops sales expectations amid vaccine-led reopening
(DBN)

A Florida McDonald's is paying people $50 just to show up for a job interview, and it's still struggling to find applicants
(DBN)

____________

Agribusiness:

How Iowa’s largest hog producer courted power, turned farming into a numbers game, and transformed the American heartland
(DBN)

____________

Crypto:

Bitcoin rebound from dramatic weekend selloff fizzles out
(DBN)

____________

Climate:

Biden White House removes Trump-era scientist from overseeing climate report
(DBN)

The U.S. embarks on a huge climate reset
(DBN)

Major Asian bank says it’s not practical to cut off clients in the coal business
(DBN)

World must sharply cut emissions by 2030 to meet Paris climate goals
(DBN)

Carbon emissions are roaring back from COVID-19
(DBN)

____________

Student Debt:

Student Loan Relief Should Target the Neediest
(DBN)

____________

Defaults:

Fitch U.S. High Yield Default Insight
(DBN)

____________

Politics:

Half of New Yorkers Say Cuomo Should Stay Despite Scandals • New York AG investigating Cuomo’s use of aides on book
(DBN)

GOP Rep. Steve Stivers to leave Congress early
(DBN)

GOP targets ballot drop boxes in Georgia, Florida, elsewhere
(DBN)

Trump wants you to boycott Coke. His properties are still serving it
(DBN)

Bush says he was 'shocked' by people's reactions to his friendship with Michelle Obama
(DBN)

LinkedIn billionaire: Cut off funding for politicians who limit voting rights
(DBN)

Planned Parenthood condemns founder's tie to white supremacy; pro-lifers call it 'fake reckoning'
(DBN)

FactCheck: “There is racism physically built into some of our highways.”
(DBN)

The Empty Vessel of Matthew McConaughey
(DBN)

McConnell to 17th Amendment: Drop Dead
(DBN)

___________

Economy:

Seven High Frequency Indicators for the Economy
(DBN)

U.S. manufacturing has hit an inflection point
(DBN)

Central Banks to Pour Money Into Economy Despite Sharp Rebound
(DBN)

Over half of Americans see a wealth tax as a way to help solve inequality, poll finds
(DBN)

IEA issues dire warning on carbon emissions, says Covid recovery anything but sustainable
(DBN)

L.A. Set to Be Largest City to Offer Guaranteed Income for Poor
(DBN)

Several officials leave U.S. Chamber of Commerce as group faces GOP criticism
(DBN)

1 in 4 workers is considering quitting their job after the pandemic—here’s why
(DBN)

FactCheck: President Joe Biden’s American Relief Plan “has a lot of money in it for schools, but if you really look at it … it says that the school money is going to go out until the year 2028.”
(DBN)

Biden’s tax overhaul puts Ireland’s corporate rate in the spotlight
(DBN)

America's Economic Nostalgia Trap
(DBN)

Wisconsin, Foxconn Reach New Deal
(DBN)

These Powerful Maps Show the Extremes of U.S. Population Density
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

Landlords Beware: Bankruptcy Court Litigation Could Come at a Cost
(DBN)

CFPB Announces Foreclosure Restriction and Additional Loss Mitigation Requirements
(DBN)

Evictions in Violation of CDC Moratorium May Violate Fair Debt Collection Practices Act
(DBN)

CFPB begins cracking down on mortgage servicers
(DBN)

MBA Survey: "Share of Mortgage Loans in Forbearance Decreases to 4.50%"
(DBN)

Housing Inventory April 19th Update: A Slight Increase from Record Low
(DBN)

Forbearance volume dips down to 4.5%
(DBN)

Here it is: A bill to help first-time homebuyers
(DBN)

What Will Happen to All the Empty Office Buildings and Hotels?
(DBN)

Debt collectors looking to evict renters must notify them of CDC eviction moratorium, regulator says
(DBN)

Will employees ever safely return to the office after COVID-19?
(DBN)

HSBC Top Staff to Hot Desk After Scrapping Executive Floor
(DBN)

Newport Beach Club bankruptcy proceedings moving through federal court
(DBN)

Pandemic has Strip real estate market on up-and-down ride
(DBN)

____________

Municipalities:

City on Long Island’s South Shore Hires Restructuring Team
(DBN)

____________

Oil/Gas:

BP to Stop Flaring of Natural Gas in Permian Basin by 2025
(DBN)

Climate Change Is Tying Together the Fates of Two Very Different Industries
(DBN)

3 battles could remake the oil and gas industry
(DBN)

Natural gas producer EQT backs Biden’s methane crackdown
(DBN)

___________

Newspapers:

Tribune says Swiss billionaire Wyss walks away from buyout bid
(DBN)

____________

Pharma:

J&J, Teva Opioid Trial May Signal Cost of Drug Maker Settlements
(DBN)

W.Va. attorney general still tackling anti-opioid cases
(DBN)

____________

Retailing:

Tailored Clothing Business Begins Slow Climb Back
(DBN)

Union alleges Amazon pressured workers as it seeks to set aside warehouse vote
(DBN)

____________

Tech:

Apple to let Parler back onto App Store
(DBN)

____________

Live Performance:

Glitches derail SBA pandemic-relief program for live music and theater venues
(DBN)

____________

Fraud:

Former Legal Tech Founder Sentenced To 7 Years In Prison For Fraud, Forgery
(DBN)

White House 'aware' of vaccination card schemes
(DBN)

____________

Skiing:

Vt. ski resorts’ winter pandemic loss at $100M
(DBN)

____________

Cannabis:

Current Trends in Bankruptcy for Cannabis Companies
(DBN)

Support for Marijuana Reaches New High
(DBN)

Americans overwhelmingly say marijuana should be legal for recreational or medical use
(DBN)

____________

Autos:

Hertz bankruptcy update: Judge to consider milestone decisions in car rental company's case
(DBN)

Elon Musk: Autopilot feature wasn't enabled in fatal Texas crash • 2 US Agencies to Probe Texas Tesla Crash
(DBN)

____________

Non-Profits:

How Much Sway Does the N.R.A. Still Have?
(DBN)

NRA members aren't entitled to a committee, bankruptcy watchdog says
(DBN)

____________

Healthcare:

Covid Once Spared the Young. Now More Are Going to the Hospital
(DBN)

All U.S. adults now eligible for COVID-19 vaccine
(DBN)

When vaccine hesitancy becomes political
(DBN)

U.S. Covid vaccination obstacle shifts towards lack of demand from scarce supply, warns doctor
(DBN)

Where seniors remain vulnerable to the coronavirus
(DBN)

Johnson & Johnson suffers another supply setback as Emergent suspends vaccine manufacturing
(DBN)

Axios-Ipsos poll: Americans say J&J pause was the right call
(DBN)

A Journalist Got COVID and Died Live-Tweeting His Wait for a Hospital Bed
(DBN)

NYC Covid Rate Falls Below 5% as Daily Vaccinations Reach Record
(DBN)

U.S. Faces Critical Weeks as Covid-19 Cases Rise Again in Some Places
(WSJ)

U.S. COVID-19 vaccine program meets key goal, but India cases and Brazil deaths worry experts
(DBN)

Billions spent on coronavirus fight, but what happens next?
(DBN)

COVID-19 long haulers are reporting an unbearable ringing in their ears that's still there months after they got sick
(DBN)

The race to untangle the secrets of rare, severe blood clots after Johnson & Johnson vaccination
(DBN)

J&J faces more scrutiny for CEO's $30 million payday
(DBN)

Slowed and sidelined, some athletes struggle to return from 'long haul' covid
(DBN)

The Forever Maskers
(DBN)

The state worst hit by the pandemic
(DBN)

Texas didn’t see a COVID surge after opening and ending its mask mandate. Here’s why
(DBN)

A cautionary tale: COVID-19 infection after vaccination is rare, but breakthroughs can happen. It happened to this man.
(DBN)

Two miles from the Capitol, a drastic jail lockdown from covid drags on with no end in sight
(DBN)

____________

New Bankruptcy Opinions
(6 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (10 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)

______________

Setoff:

In re Orexigen Therapeutics Inc.: “Mutual” Means Mutual Third Circuit Confirms that Triangular Setoffs not Entitled to Protection under Section 553 of the Bankruptcy Code
(DBN)

____________

Personal Bankruptcy:

John Oliver explains personal bankruptcy, how credit card lobbyists and lawyers make it much worse
(DBN)

____________

Avoidance Actions:

Supreme Court Denies Petition for Certiorari in Tribune Creditors’ Case
(DBN)

Justices Won't Review Tribune Media Ch. 11 Clawback Case
(DBN)

____________

Ch. 15:

Just Say No: Discovery In Chapter 15 Bankruptcies Is Asymmetrical
(DBN)

____________

Recharacterization:

Bankruptcy Court Recharacterizes Alleged Loan as Equity Under Delaware Law
(DBN)

____________

Exemptions:

Florida Homestead Exemption Applies Only to U.S. Citizens and Permanent Residents
(DBN)

____________

Cash Collateral:

Cash Collateral, Creditor Rights, and the Provision of Trade Credit
(DBN)

____________

Aviation:

United Air Bets on Three Summer European Spots Open to Americans • United adds 3 long-haul routes to countries reopening to vaccinated travelers
(DBN)

United Airlines loss bigger than feared on higher fuel costs, capacity slide • United reports fifth consecutive quarterly loss while travel demand recovers
(DBN)

US Warns on Travel to 80% of Countries
(DBN)

Delta Air Lines Earnings: Signs of Progress After Another Weak Quarter
(DBN)

American Airlines cutting flights to South America because of COVID-19
(DBN)

Nate Silver on whether it's 'neurotic' to double mask on a plane post-vaccination
(DBN)

NASA flies a helicopter on Mars, the first time an aircraft has flown on another planet • Why Flying a Helicopter on Mars Is a Big Deal
(DBN)

Air France-KLM CEO Flags Further Recapitalization Later in 2021 • Air France-KLM may raise more capital in 2021
(DBN)

Flybe collapse left debts of up to £789 million
(DBN)

Bankrupt WOW’s Legacy: How The LCC Airline Served 17 North American Airports
(DBN)

____________

Transit:

N.Y. MTA Gives New Bondholders Haven From Subway Ridership Drop
(DBN)

____________

Soccer:

The Americanization of Europe's beloved game reaches a tipping point
(DBN)

European Super League: raising heckles and valuations
(DBN)

‘We are all ruined’ without change: European Super League chairman hits back at criticism
(DBN)

A Super League Denies Football's Fluid Reality
(DBN)

____________

Utilities:

Texas Questions Griddy's Need For PR Firm In Ch. 11 Case
(DBN)

____________

Debt Collection:

Why use muscle? Big data can collect debt without harassment
(DBN)

____________

Nursing Homes:

9,000 in Texas Nursing Homes Died of Covid
(DBN)

____________

UK:

New rules set to have a major impact on planned pre-pack administrations
(DBN)

Working From Home in the U.K. Holds Back Pay and Promotions
(DBN)

U.K. House Prices Hit a Record in Buying Frenzy
(DBN)

Unemployment dips as huge furlough scheme keeps jobs on life support while vacancies rise with firms getting ready for lockdown easing - but payroll numbers drop 56,000 in warning sign of more pain to come
(DBN)

COVID deaths in UK hit single figures for first time since before second wave
(DBN)

UK hospitality chiefs warn on COVID passports in economy reopening plans
(DBN)

Johnson to commit UK to 78% emissions cut in 14 years
(DBN)

____________

Canada:

Near-Bankruptcy Payments Do Not Warrant a Remedial Constructive Trust
(DBN)

Canada housing starts soar to highest since at least 1970s • Canada housing starts up 21.6% in March to new record
(DBN)

Ontario Faces More Vaccine Delays as It Struggles to Tame Third COVID-19 Wave
(DBN)

____________

Chile:

Chile has one of the world’s best vaccination rates. Covid is surging there anyway
(DBN)

____________

India:

NCLT proper forum for power purchase agreement insolvency
(DBN)

IBC decides the fate of PPAs in insolvency
(DBN)

The Jigsaw's Missing Piece? Government Notifies Ordinance For Pre-Packaged Insolvency Resolution
(DBN)

India’s capital to lock down amid explosive virus surge
(DBN)

India reports over 200,000 daily new cases for the sixth consecutive day
(DBN)

More than half India’s population could be immune by September: Apollo Hospitals
(DBN)

Non-Stop Cremations Cast Doubt on India's Counting of COVID Dead
(DBN)

Cinema owners appeal government for aid as second covid wave hits business
(DBN)

____________

Hong Kong:

Hong Kong To Introduce The Long-Awaited Corporate Rescue Regime In 2021
(DBN)

____________

MENA:

'A very good weird': Israel drops outdoor COVID mask order, opens schools
(DBN)

____________

Greece:

Greece opens its doors to Covid-free tourists
(DBN)

____________

Russia:

Russian military build-up near Ukraine numbers more than 150,000 troops, EU's Borrell says • Leaked Ukraine memo reveals scope of Russia's aggression
(DBN)

U.S. Sanctions Threats Are Pushing Putin Into Economic Isolation
(DBN)

____________

Mexico:

Mexico's Confirmed Coronavirus Death Toll Rises to 212,466
(DBN)

____________

France:

Bitter experience helps French ICUs crest latest virus wave
(DBN)

____________

Australia:

3 key takeaways from the bankruptcy law changes which could send you bankrupt
(DBN)

Grandpa pensioner and suburban accountant’s $58m drug secret revealed
(DBN)

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