April 26, 2021

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Despite All Expectations, Biglaw Had A Very Profitable 2020
(DBN)

Kirkland Sweetens Associate Perks With Free Food
(DBN)

Kirkland Caps Bankruptcy Win With $1B Restructuring Plan for Honeywell Spinoff
(DBN)

Why Cold Hard Cash Beats Love in Big Law
(DBN)

How Law Firms Are Crafting Strategy and Shaking Up Their C-Suite
(DBN)

Remote Working Isn’t Just A Perk Anymore
(DBN)

Dentons Quashes Meetings for a Week to Counter Burnout
(DBN)

Davis Polk Planning Office Days as 'Optional First Step' Toward Return
(DBN)

The Way Back: How Law Firms Are Planning for Post-COVID Office Life
(DBN)

Ex-Coca-Cola GC Bradley Gayton Had 'Unrealistic Expectations,' Source Said Coca-Cola Legal Chief Change Is Part of Larger Reshuffling
(DBN)

Data shows increase in both first-time and 2-year bar exam pass rates
(DBN)

NALP executive director talks empowering careers, recruiting and professional development
(DBN)

My Not-So-Linear Journey To Law Firm Ownership
(DBN)

The best metaphor for today’s legal market is the auto industry circa 1905
(DBN)

Kim Kardashian's Law School Experience Has More Bikini Photoshoots Than Most
(DBN)

A Law Professor Wrote The Stupidest Tweet Ever And Now It's The Law
(DBN)

Oregon Lawyer Who Fired Into Law Office Suspended by Court
(DBN)

Nearly half of Republicans say jury reached the wrong verdict in Chauvin trial Minnesota AG: We didn't have evidence George Floyd's killing was a hate crime Brett Favre Fumbled What Legally Happened When Jurors Convicted Derek Chauvin of Murdering George Floyd
(DBN)

Have We Come That Far from Rodney King?
(DBN)

Have Sympathy For Minnesota Lawyer Eric Nelson... Not THAT Eric Nelson, This Guy!
(DBN)

Sidney Powell's Lawyers Say Dominion Defamation Defense is 'No Admission' that 'Kraken' Case Was 'False or Non-Believable'
(DBN)

Lin Wood Exits Lawsuit Against Joy Reid After the MSNBC Host's Attorney Argued He Isn't Fit to Practice Law
(DBN)

In First in-Person Court Appearance, Ghislaine Maxwell Pleads Not Guilty to New Sex-Trafficking Charges
(DBN)

‘You Think Antifa’s F***ing Bad, Just You Wait’: Third Proud Boy Charged With Conspiracy Related to Jan. 6 Capitol Riots 'It Was F***ing Fun': Girlfriend's Instagram Account Leads Undercover FBI Agents to Man Who Bragged He Stormed the Capitol ‘Patriots Don’t Stoop Low Like Antifa’: Texas Woman Admits Online that She and Her Husband ‘Fought Cops’ at U.S. Capitol, Feds Say Oath Keeper's Chilling Exchange About Nancy Pelosi Keeps Him Behind Bars in Capitol Siege Case Man Boasted of Storming the Capitol to a Bumble Match. She Reported Him to the FBI.
(DBN)

Man arrested on suspicion of infecting 22 people with Covid-19 "I'm going to give you all the coronavirus"
(DBN)

An unarmed man was shot by a Virginia deputy who gave him a ride home an hour earlier
(DBN)

Police Officer Threw 'Confused and Afraid' 17-Year-Old Autistic Boy to Ground, Punched Him
(DBN)

6 More Police Killings in 24 Hours
(DBN)

Val Demings: Police Right to Shoot Ma'Khia
(DBN)

‘Touch Me and See What’s Up!’: Body Cam Video Shows Cop Fatally Shooting Man Who Brandished Knife in California Intersection
(DBN)

Iowa Woman Pleads Guilty to Hate Crimes for Hitting Black and Hispanic Kids with Her SUV
(DBN)

Texas Woman’s Social Media Posts Chronicle Alleged Crime Spree That Ended With 77-Mile High Speed Police Chase
(DBN)

'Sovereign' Found Not Guilty by Reason of Insanity in Stabbing Murder of U.S. Army Vet on Appalachian Trail
(DBN)

Governor Demands "False Report" Criminal Investigation into White Sheriff Who Said Black Newspaper Carrier Threatened His Life
(DBN)

Freed Inmates Fight Confinement Costs at Kentucky Supreme Court
(DBN)

ACLU Files SCOTUS Petition to Extend Fourth Amendment Privacy Protections for All Travelers at the U.S. Border
(DBN)

Massachusetts Has Lowest Gun Deaths by State
(DBN)

Texas Bill Targeting ‘Riots’ Would Crack Down On Right To Protest, Experts Say
(DBN)

4-Year-Old 'Sweetest Little Girl' Dies After Her Mother Allegedly Punched, Choked Her Until She Stopped Breathing
(DBN)

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Judges:

Former Pa., Del. Judge In Line To Head Bankruptcy Institute Hogan Lovells partner Hon Kevin J. Carey appointed as President-Elect to American Bankruptcy Institute
(DBN)

Ted Cruz Hates Court Packing. And Irony.
(DBN)

Amy Coney Barrett’s ‘Problematic’ $2M Book Deal
(DBN)

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Wall Street:

Stock futures are flat ahead of a big earnings week
(DBN)

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Layoffs:

Air Force One subcontractor laying off 223 after losing job
(DBN)

Swiss Private Bank Cuts Jobs After Loss Widens
(DBN)

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Soccer:

Inside the mind of European Super League architect Florentino Pérez: "Either we do something soon or a lot of clubs will go bankrupt"
(DBN)

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Gig Economy:

Tipping is taking over the internet
(DBN)

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Newspapers:

The hedge fund set to buy Tribune Publishing mismanaged employees' pensions, federal investigators found
(DBN)

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Climate:

Interstate Water Wars Are Heating Up Along With the Climate
(DBN)

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Healthcare:

Biden's 100-day numbers: Vaccinated Americans
(DBN)

How Covid Upended a Century of Patterns in U.S. Deaths
(DBN)

April 25th COVID-19 Vaccinations, New Cases, Hospitalizations; 7-Day Average Cases Lowest Since March 23rd
(DBN)

As pandemic surges anew, global envy and anger over U.S. vaccine abundance
(DBN)

Those who got COVID between vaccine doses urge caution: 'We were so close'
(DBN)

Some parts of the US are more vulnerable to another hit by coronavirus. Here's why
(DBN)

Officials say the US is getting closer to the 'finish line' for coronavirus. What does that mean?
(DBN)

Democratic senators push Biden to include health care in American Family Plan
(DBN)

The next wave of the pandemic: Long Covid
(DBN)

Vaccine hesitancy remains high among essential workers
(DBN)

COVID-19 vaccine demand drops in Texas, though less than a quarter of population is fully vaccinated
(DBN)

The public's concerns over the Johnson & Johnson coronavirus vaccine are widespread, Post-ABC poll finds
(DBN)

CEO of vaccine maker sold $10 million in stock before company ruined Johnson & Johnson doses
(DBN)

UT Southwestern: Brazilian Covid Strain Now in North Texas
(DBN)

MIT Study: Covid is Airborne
(DBN)

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Economy:

Q1 GDP Forecasts: Around 7%
(DBN)

FOMC Preview
(DBN)

The Grocery Price Shock Is Coming to a Store Near You
(DBN)

Manufacturing, new homes sales underscore booming US economy
(DBN)

Bill Gates hopeful world 'completely back to normal' by end of 2022 - and vaccine sharing to ramp up
(DBN)

Biden job approval hits 53%, broad majority support infrastructure plan
(DBN)

Biden to float historic tax increase on investment gains for the rich
(DBN)

Billionaire Investor Reveals the Secret to His Success: Shrooms
(DBN)

Biden's three tools for selling progressive policies: Jobs, jobs, jobs
(DBN)

Los Angeles’s Planned Basic Income Pilot Will Be America’s Largest
(DBN)

So Foxconn's Real New Plant is in China
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Giant US landlords pursue evictions despite CDC ban
(DBN)

New York City hasn't had this much empty office space in three decades
(DBN)

New Home Sales Increase to 1,021,000 Annual Rate in March; Highest Since 2006 A few Comments on March New Home Sales
(DBN)

Black Knight: Number of Homeowners in COVID-19-Related Forbearance Plans Decreased Slightly
(DBN)

CFPB's proposed Mortgage Servicing Amendments Add Loss Mitigation Protections for Borrowers and Signal Heightened Expectations for Mortgage Servicers' Operations
(DBN)

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Municipalities:

Puerto Rico Debt Crunch Eases as U.S. Aid Lifts Surplus
(DBN)

Report finds Trump officials blocked Puerto Rico from receiving hurricane relief
(DBN)

Optimistic fiscal plan may lift some Puerto Rico bond payouts
(DBN)

Detroit’s proposed city charter is path to bankruptcy
(DBN)

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Oil/Gas:

One of San Antonio’s largest oil companies faces mounting money woes
(DBN)

Oil’s Hired Hands Declare Overseas Recovery With Robust 2022
(DBN)

How a Wave of Electric Trucks Could Create Millions of ‘Accidental Environmentalists’
(DBN)

Harley Unleashes the Silent E-Hogs
(DBN)

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Food/Beverage:

'Save Casa Bonita' rally planned for Saturday in Denver
(DBN)

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Entertainment:

‘Star Trek: Discovery’ Temporarily Shuts Down Toronto Production Over Off-Set Covid Contact
(DBN)

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Consumer Finance:

Ruling in payday loan case, Supreme Court curbs ability of FTC to obtain restitution Bill Restores FCC Ability to Hit Scammers
(DBN)

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Pharma:

WV attorney general files objection to drug company’s bankruptcy plan
(DBN)

The billionaire Sackler family, whose company has been blamed for the opioid epidemic, 'erased' the death of a family member suffering from addiction who died by suicide, according to a new book
(DBN)

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Non-Profits:

NRA Outlines Broad “Restructuring” That Would Still Consolidate Power Under Scandal-Plagued CEO Wayne LaPierre
(DBN)

NRA Board Meeting Raises Red Flag At Ch. 11 Trial
(DBN)

Boy Scouts Sexual Abuse Claims Threaten Financial Havoc For Insurance Companies
(DBN)

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Satellites:

Mediation ordered in Intelsat bankruptcy disputes
(DBN)

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Telecoms:

Frontier Communications sets new board, ticker for emergence from bankruptcy
(DBN)

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Celebs:

The Real Reason Hailey Beiber's Dad Went Bankrupt
(DBN)

John Oliver Dunks ‘Shark Tank’ Star Kevin O’Leary for ‘Terrible Lesson’ on Bankruptcy
(DBN)

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Autos:

Garrett Motion Consensual Plan of Reorganization Receives Court Approval
(DBN)

Hertz – Pump the Brakes
(DBN)

April Vehicle Sales Forecast: "Remain Strong"
(DBN)

Rental car shortage leaves Hawaiian tourists driving U-Haul trucks
(DBN)

____________

Debt Collection:

CFPB and New York Attorney General File Suit to Seize Hidden Assets from Operator of Shuttered Debt Collection Scheme
(DBN)

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Insurance:

Hartford CEO Optimistic About COVID, Business Interruption Claims, Economy
(DBN)

The Top 5 Risks Facing Today’s Directors & Officers
(DBN)

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Religion:

Archdiocese of Santa Fe tries to shed property to collect funds for settlement Archdiocese of Santa Fe real estate assets across the state expected to be up for auction this summer
(DBN)

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Tech:

Cisco: Chip Shortage to Last Six Months More
(DBN)

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Politics:

Albuquerque sets debt collectors on Donald Trump after he 'ignored' $211,000 bill for 'disruptive' campaign rally that forced parts of city to close for a day
(DBN)

States with the Most Hate Groups
(DBN)

Cuomo’s Approval Rating Has Fallen. He Could Still Win Re-Election.
(DBN)

Early front-runners like Andrew Yang usually win NYC mayoral primaries
(DBN)

Caitlyn Jenner faces backlash from LGBTQ+ community over bid to be California's governor 'Hard pass': LGBTQ activists shun Caitlyn Jenner over Trump support
(DBN)

Biden telegraphs tough moves with preemptive actions
(DBN)

ABA Legal Fact Check: D.C. Statehood Raises Legal Questions That Might Require Supreme Court Intervention
(DBN)

Texas GOP Targeting Voter Access in Cities, Not in Rural Areas Texas: Ratcheting Up Voter Suppression
(DBN)

Biden recognizes genocide against Armenians, escalating tensions with NATO ally Turkey Inside US Handwringing on Armenia Genocide A look at the Armenian genocide
(DBN)

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New Bankruptcy Opinions
(9 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (17 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)

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Automatic Stay:

Delaware Bankruptcy Court Finds Violation of the Automatic Stay with Reservation of Rights Letters Sent to Non-Debtors
(DBN)

Seventh Circuit Revives Fulton Circuit Split
(DBN)

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Finance:

Bankrupt Companies to Rush Plan Approvals for Shot at PPP Loans
(DBN)

Credit Suisse Bankers Said Greensill Worth $30 Billion: Guardian
(DBN)

____________

Arbitration:

Insolvency and Arbitration Proceedings – Are They So Happy Together?
(DBN)

____________

Aviation:

Once Crippled by the Pandemic, Airlines See a Fast Recovery Coming
(DBN)

Zooming, not flying: bosses say work trips will be ‘far less’ common
(DBN)

Air India Bid Deadline Extended As Government Expects Lower Price
(DBN)

THAI's state status is 'up to creditors'
(DBN)

____________

Retailing:

The rise and fall of Victoria's Secret, America's biggest lingerie retailer
(DBN)

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Utilities:

Starwood Energy proposes $8 bln investment in Texas power infrastructure -letter
(DBN)

Texas Storm Cost NextEra $180 Million in Uncollected Revenue
(DBN)

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Distressed Investing:

A Baseball Card SPAC Shows Why Distressed Investing Is So Hard
(DBN)

____________

Sovereigns:

Somalia Almost Running Bankrupt
(DBN)

Uganda: Gov’t to Plead to Creditors for Suspension of Debt
(DBN)

____________

UK:

Defunct ferry fiasco firm connected to Ferguson Marine shipyard paying administrators £659 per hour
(DBN)

SBI-led Indian banks consortium back in UK court to pursue Vijay Mallya's bankruptcy order
(DBN)

UK travel red list stokes ‘unbearable ambiguity,’ frustration in the UAE
(DBN)

Greensill expected £22bn flotation that could have meant Cameron windfall
(DBN)

Angry landlords put the boot into Clarks
(DBN)

Brexit Britain in economy boom as EU 'somewhere between undercapitalised and bankrupt'
(DBN)

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EU:

The E.U. will allow vaccinated Americans to visit this summer
(DBN)

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Spain:

Restructuring & Insolvency Newsletter - April 2021
(DBN)

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Ireland:

Insolvent SMEs may be able to write down tax debts in ‘examinership lite’
(DBN)

Irish police attack sacked Debenhams workers
(DBN)

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MENA:

Israel records zero daily Covid deaths for first time in ten months as it closes hospital coronavirus wards with more than 80% of adults vaccinated With most adults now vaccinated, Israelis are busting loose
(DBN)

Iraq launches investigation into Baghdad hospital fire that killed 82
(DBN)

Why Are Iran’s Looted Creditors Protesting Again?
(DBN)

____________

Germany:

Merkel Warns of Virus Mutants as Tougher Curbs Take Effect
(DBN)

Germans confront new coronavirus lockdown rules that could last until June
(DBN)

____________

Costa Rica:

Costa Rica hits new daily record of COVID-19 infections
(DBN)

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India:

Second proviso to IBC not needed
(DBN)

Force Majeure: How successful has the law been post Covid in India
(DBN)

Insolvency cases face delays as covid spikes
(DBN)

NCLAT Aircel ruling to pose challenges for future insolvency cases, say experts
(DBN)

Vijay Mallya says money he owes Indian banks is 'public money' so he cannot be made bankrupt
(DBN)

Covid: India is the World's Warning
(DBN)

India sets Covid-19 infection record for fourth straight day with hospitals desperate for oxygen India reports 350,000 new Covid cases, a fifth straight day of record infections
(DBN)

U.S. to send India supplies as country faces record COVID surge
(DBN)

India’s fashion artisans face ‘extreme distress’ in pandemic
(DBN)

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Singapore:

COVID-19 decimated their promising business, but some entrepreneurs aren’t afraid to try again
(DBN)

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South Korea:

SsangYong Motor in receivership ramps up cost-cutting drive
(DBN)

____________

Belgium:

Easier access to the JRP provides extra oxygen for struggling businesses
(DBN)

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