April 23, 2021

The Daily Bankruptcy News

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Law:

Plant Is Not Enough To Soothe Associates' Saltiness Over Special Bonuses
(DBN)

Troutman Pepper Announces Big Compensation Changes
(DBN)

Biglaw Firm Offers Associates Unlimited Billable Hours For Diversity & Inclusion Work
(DBN)

Confusion, Shock in Wake of Coca-Cola GC’s Abrupt Resignation
(DBN)

Biden’s Deputy Interior Pick Earned $2.4 Million at Latham
(DBN)

Jones Day, Levi & Korsinsky Chided in U.S. Steel Investor Case
(DBN)

Bringing Change By Making Change: Changing The Culture Of Overwork In The Practice Of Law
(DBN)

The 2021 Am Law 100: At a Glance Which firms top the Am Law 100? And how much did their revenue grow?
(DBN)

Former BigLaw operations manager pleads guilty to using law firm credit card for personal purchases
(DBN)

Former MoFo Manager Pleads Guilty To Stealing From The Biglaw Giant
(DBN)

Are Billing Rates Too Darn High?
(DBN)

Clifford Chance set to axe dozens of support staff in London
(DBN)

Fighting Off Sanctions Motion, Sidney Powell Wants Hearing on Conspiracy Theories Rejected by Every Court
(DBN)

South Carolina Lawyer Who Had Affair With Client Reprimanded
(DBN)

Firm’s ‘Covid ate my homework’ excuse no good, says court
(DBN)

Wake for Daunte Wright, shot by Minneapolis officer, draws family, community and activists Hundreds gather for Minneapolis funeral of Daunte Wright
(DBN)

After Derek Chauvin is found guilty, some see a shift in police prosecutions Massachusetts police department apologizes for anti-George Floyd message on Facebook after Chauvin verdict Americans overwhelmingly approve of Chauvin guilty verdict, USA TODAY/Ipsos snap poll finds Derek Chauvin's nervous note-taking, defiant mugshot and unmasked emotions: Body language expert analyzes George Floyd's killer who came across as a 'sociopath' in court ‘He was guilty.’ Extra juror in favor of Chauvin conviction 'I Was Pretty Uncomfortable': Alternate Juror Says Derek Chauvin Stared Her Down in Court Chauvin trial hardens political fault lines Pelosi's Stupid George Floyd Comment
(DBN)

George Floyd mural in Houston defaced with racial slur
(DBN)

The Real Fear of Driving While Black
(DBN)

‘I’m Gonna Stab the F--- Out of You’: Garage Camera Captures New Video in Ma’Khia Bryant Shooting
(DBN)

Oklahoma Targets Protesters, Protects Drivers Who Run Over Them
(DBN)

Bodycam captures Louisiana cop tasing handcuffed 67-year-old man
(DBN)

The United States isn't the only country where killings quickly returned after pandemic lull
(DBN)

Brooklyn robber sexually abused woman after learning she was short on cash: cops
(DBN)

People are climbing over Trump’s $15 billion border wall with $5 ladders
(DBN)

Capitol Police Defend Jan 6 Instructions To Zero In On ‘Anti-Trumpers’ Capitol Police denies Lofgren claim they were focused only on anti-Trump forces on 1/6
(DBN)

Judge orders third Proud Boys leader detained pending trial
(DBN)

Boulder mass shooting: 9 civilians killed before officer, slain after, arrived
(DBN)

Supreme Court signals shift from leniency for minors convicted of murder
(DBN)

A look at HBO Max’s ‘Q: Into the Storm,’ QAnon, conspiracies and sovereign citizens
(DBN)

Yesterday's Mass Shooting: San Diego
(DBN)

Lawmaker allegedly told cops arresting him is ‘bad’ because he controls budget
(DBN)

Pleads Guilty to Running Over Minority Kids
(DBN)

Man Who Spent 17 Years Behind Bars Has Murder Conviction Overturned Because His Lawyer Didn’t Contact at Least Five Possible Defense Witnesses
(DBN)

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Judges:

Judge Is Out Of A Job After Admitting To Using The N-Word In Conversation With Court Employees
(DBN)

3 Democratic lawmakers call on Barrett to recuse herself in donor disclosure case
(DBN)

Sotomayor Pens 'Brutal' Dissent by Repeatedly Citing Kavanaugh Back at Himself as Conservative Majority 'Guts' Precedent in Juvenile Punishment Case
(DBN)

Kavanaugh: One Rule for Me, but Not Others
(DBN)

Despite Justices' Concerns about 'Sandbagging,' All Nine of Them Sided with Social Security Claimants
(DBN)

Jury Duty Is Back, and It Looks Very Different
(DBN)

FactCheck on Ted Cruz and Supreme Court
(DBN)

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Wall Street:

Stock futures point to a market rebound after concerns over capital gains tax hike prompted sell-off
(DBN)

Wall Street slides on report of Biden's plan to almost double capital gains tax
(DBN)

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Layoffs:

Farmers have more mouths to feed. Bring in the robots.
(DBN)

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Food/Beverage:

Dining in A Pandemic | One Year Later
(DBN)

B. Riley Serves as CRO in Fresh Acquisitions Chapter 11 Bankruptcy
(DBN)

The Lost Cajun Declares Bankruptcy Colorado-founded Cajun restaurant chain files for bankruptcy protection
(DBN)

San Antonio-based buffet restaurant chains cite COVID for closings, bankruptcy filings
(DBN)

Chipotle will raise prices if a $15 minimum wage passes. Here's how much more a burrito could cost.
(DBN)

SBA Serves Up Guidance for Restaurant Revitalization Fund Grants
(DBN)

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Fraud:

Supreme Court limits FTC’s authority to return money to duped consumers 'The Supreme Court ruled in favor of scam artists,' FTC chief says after justices gut agency's powers
(DBN)

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Coal:

It’s never been this expensive to finance a new coal power plant
(DBN)

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Student Debt:

We asked members of Congress about student loan forgiveness—here’s what we found
(DBN)

As White House considers canceling student debt, dos and don'ts for borrowers
(DBN)

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Healthcare:

Medical debt is engulfing more people as pandemic takes its toll
(DBN)

California's coronavirus case rate now the lowest in the continental U.S.
(DBN)

Michigan’s Spring Covid-19 Surge Is Close to Previous Pandemic High
(WSJ)

COVID-19 hospitalizations tumble among US senior citizens
(DBN)

Survey: 'Faith-Based Approaches' Could Help Convince Millions of Americans to Get COVID-19 Vaccines
(DBN)

Burned out by the pandemic, 3 in 10 health-care workers consider leaving the profession
(DBN)

EU Says It Has Yet to Decide on Legal Case Against AstraZeneca
(DBN)

White House Writes Off J&J Vaccine
(DBN)

How long does protection from COVID-19 vaccines last?
(DBN)

Latin American Vaccine Tourists Flock to Texas for Coveted COVID Jabs
(DBN)

New Covid variant detected at Texas A&M lab shows signs of antibody resistance
(DBN)

Surprising Things That Affect Lifespan
(DBN)

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Economy:

Weekly Initial Unemployment Claims decreased to 547,000 547,000 Americans filed jobless claims, a new pandemic low
(DBN)

Biden's economy shows strength, but recovery is far from complete
(DBN)

Corporate bond gauge signals dwindling economic risk
(DBN)

White House signals cool reception to Senate Republicans' calls to trade spending cuts for debt ceiling increase The debt limit is back (kind of)
(DBN)

Senate Republicans unveil $568 billion counter-offer on infrastructure reform
(DBN)

Biden wants to raise taxes on rich investors to pay for expanded child care and education, new report says Biden has pledged to tax the rich — but precisely how will he do that? Experts consider his options
(DBN)

Trend Of US Citizenship Renunciation To Rise "Dramatically"
(DBN)

Many left behind in this recovery have something in common: No college degree
(DBN)

Cash payments spread from Congress to Stockton to Brazil -- but notion of 'universal basic income' far from reality
(DBN)

Wall St slides on report of Biden's plan to almost double capital gains tax
(DBN)

2 in 3 people want to work remotely full-time AFTER the pandemic ends, 58% will look for new jobs if remote not possible in current job
(DBN)

Burnt out: is the exhausting cult of productivity finally over?
(DBN)

Foxconn Played Scott Walker for a Fool
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Mortgage rates fall back below 3 percent
(DBN)

U.S. Home Sales Are Surging. When Does the Music Stop?
(DBN)

NAR: Existing-Home Sales Decreased to 6.01 million in March U.S. existing home sales drop to seven-month low Comments on March Existing Home Sales
(DBN)

Mortgage delinquencies drop sharply, but point to an uneven recovery
(DBN)

D.R. Horton Raises Full-Year Outlook as Profit Beats on Strong Home Demand
(DBN)

Black Knight: National Mortgage Delinquency Rate Decreased Sharply in March
(DBN)

What’s a Conforming Loan Limit In Your Area? This Map Will Tell You
(DBN)

State-Supported “Clean Energy” Loans Are Putting Borrowers At Risk of Losing Their Homes
(DBN)

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Municipalities:

Puerto Rico Seeks Fall Hearings to Resolve Bankruptcy
(DBN)

Report: Trump Blocked Aid to Puerto Rico
(DBN)

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Oil/Gas:

New York City sues Exxon, BP, Shell in state court over climate change
(DBN)

A zero-carbon future is now the central thesis for most financial giants
(DBN)

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Consumer Finance:

U.S. Supreme Court curbs FTC's power to recoup ill-gotten gains
(DBN)

____________

Non-Profits:

NRA assets are in New York court's hands if org dissolves, attorney says
(DBN)

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Autos:

How Left-for-Dead Hertz Bonds Returned 1,000%
(DBN)

Tesla cars can drive with nobody in the driver’s seat, Consumer Reports engineers find
(DBN)

____________

Banking:

Black Americans underrepresented in senior management at giant banks
(DBN)

The fall and fall of bank lending
(DBN)

Credit Suisse’s governance rebound a tall task after ‘unacceptable’ losses
(DBN)

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Education:

UC, CSU to implement COVID vaccine requirement
(DBN)

Students face being held back after a year of remote learning
(DBN)

____________

Crypto:

Turkey: Crypto exchange CEO flees country as probe is launched
(DBN)

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Media:

“We’re Not Trying to Bankrupt Fox”: Inside the ADL’s Push to Get Tucker Carlson Off the Air
(DBN)

____________

Soccer:

Law firms play coy over their positions in Super League fiasco
(DBN)

European Super League: Debt-ridden Real Madrid and Barcelona needed the ESL – but now the cash cow is dead
(DBN)

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Cannabis:

Heavy marijuana use during pregnancy linked to premature birth, early infant death
(DBN)

____________

Culture:

Demi Lovato's diet food attack went too far. We can't demand a trigger-free society.
(DBN)

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Corporate Governance:

Controlling Shareholders: Fiduciary Duties Don’t Include Martyrdom
(DBN)

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Politics:

Biden isn't FDR - he's the anti-Reagan
(DBN)

House Democrats pass D.C. statehood DC statehood approved by House as Senate fight looms
(DBN)

Joe Manchin lives on a boat in Washington — and protesters are reportedly headed there
(DBN)

97 House Democrats Call On Senate To End The Filibuster
(DBN)

Councilman Pleads Guilty to $82,000 Tax Fraud. He Has No Plans to Quit.
(DBN)

Unions warn Senate Democrats: Pass the PRO Act, or else
(DBN)

Dems' ambitions narrow as political reality sets in
(DBN)

Trump antics frustrate party leaders, dilute GOP message ahead of midterms
(DBN)

Fate of Trumpism to be Decided Here
(DBN)

Josh Hawley Proudly Declares Himself Pro-Hate Crimes
(DBN)

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New Bankruptcy Opinions
(11 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (8 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)

______________

Plan Confirmation:

To Vote or Not to Vote: Court Holds That “Out of Money” Junior Creditor Barred from Objecting to Plan
(DBN)

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Arbitration:

Linklaters Publishes Cross-Border Guide On The Impact Of Insolvency On International Arbitration
(DBN)

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Recoupment:

Massachusetts bankruptcy court: No recoupment absent proof of emotional distress
(DBN)

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Aviation:

Southwest Says It’s ‘Hopeful’ Cash Burn Will Stop in June Southwest expects lower cash burn as vaccines drive leisure travel rebound
(DBN)

American Airlines loss narrows as travel demand picks up
(DBN)

The Airline Savant Who Started JetBlue Is Ready to Fly Again
(DBN)

Vaccines put U.S. airlines on runway to recovery
(DBN)

Millions of Americans About to be Grounded
(DBN)

Airlines Look Past Slow Recovery to Post-Pandemic Travel
(DBN)

FAA says Boeing still working on fix for over 100 grounded 737 MAX planes
(DBN)

Court approves Norwegian Air survival plan
(DBN)

____________

Hotels:

Demand may exceed supply as CEO of one of the world’s biggest hotel groups sees ‘surge’ in bookings
(DBN)

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Festivals:

UK music festivals say they need government help with insurance
(DBN)

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Utilities:

Minnesota gasps at the financial damage it faces from the Texas freeze
(DBN)

____________

Fraud:

N.J. man admits stealing $481K from COVID relief program for businesses
(DBN)

Bankruptcy court: Tomaszewski cannot discharge debts owed to eight victims
(DBN)

____________

Religion:

Names of accused Rochester priests will not be blocked
(DBN)

Diocese of Rockville Centre identifies clergy accused of sexual abuse in court documents
(DBN)

Nonreligious Americans a Growing Political Force
(DBN)

____________

Climate:

World Could Lose a Fifth of GDP Without Climate Action: Study U.S. to double public climate finance to developing countries by 2024 How climate became the centerpiece of Biden’s economic agenda 'Time to do the right thing' on climate, Greta Thunberg tells U.S. Congress Japan vows deeper emission cuts as Biden holds climate summit How western Pa.'s energy industry could be impacted by Biden's climate goals IMF Chief Urges G20 to Adopt Carbon Price Floor to Reach Climate Goals France's Macron Says Without Carbon Price There Can Be No Energy Transition Climate activists shatter windows at HSBC HQ in London’s Canary Wharf Climate change isn't 'bunny hugging' - UK's Johnson hails Biden's big emissions pledge World leaders pledge climate cooperation despite other rifts Here’s what countries pledged on climate change at Biden’s global summit Why Biden’s Climate Summit Is Overhyped
(DBN)

Tiny smoke particles could make wildfires particularly harmful to human health
(DBN)

US Power Grid Halfway to Carbon Neutrality
(DBN)

What the numbers tell us about Biden’s promise of high-paying green jobs
(DBN)

____________

UK:

Insolvency Service Enforcement Outcomes: 2020/21
(DBN)

With Britain opening up but many bathrooms still closed, outdoor excrement is an 'increasingly serious problem'
(DBN)

'Pervasive racism' left tens of thousands of Black and Asian war dead uncommemorated, UK inquiry finds
(DBN)

Top City novelist Samantha Phillips is kicked out of her £35million Chelsea townhouse amid a ‘personal vendetta’
(DBN)

____________

EU:

EU economy 'on crutches,' warns ECB chief Christine Lagarde
(DBN)

EU ‘will not take up’ extra 300m Covid-19 vaccines under AstraZeneca, J&J contracts
(DBN)

____________

Canada:

Ontario premier’s apologizes after retracting restrictions
(DBN)

____________

Greece:

Greece reopens to Americans. But paradise is still under curfew.
(DBN)

COVID-free Greek 'secluded paradise' waits for tourists to return
(DBN)

____________

Spain:

Spain's hotel owners not ready to check out as investors circle
(DBN)

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Russia:

Russian defense chief orders troops to return to bases after huge exercises near Ukraine
(DBN)

____________

Germany:

Germany's finance minister rejects blame for Wirecard fiasco
(DBN)

German upper house backs new law to fight third coronavirus wave
(DBN)

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India:

High Courts cannot exercise Section 482 powers to undermine statutory dictate under Sections 14, 17 of IBC
(DBN)

India posts world record COVID cases with oxygen running out 'Beg, Borrow, Steal': the Fight for Oxygen Among New Delhi's Hospitals
(DBN)

India's Covid death toll could be ten times higher
(DBN)

Will other countries copy the UK’s India travel ban?
(DBN)

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Japan:

Japan PM Suga plans fresh emergency curbs amid surge in Covid-19 cases
(DBN)

____________

Argentina:

Members of Bondholder Group Sue Province of La Rioja in U.S. District Court in New York
(DBN)

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