April 29, 2021

The Daily Bankruptcy News

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Law:

Prestigious Biglaw Firm To Reopen In July Without Work-From-Home Flexibility, Sources Say
(DBN)

Kirkland Uses Its Immense Wealth In Pursuit Of Associates
(DBN)

The Law Schools With The Most Underemployed Graduates (2020)
(DBN)

Joshua Schiller Case Dropped, But Remains Case Study For Law Firms
(DBN)

BigLaw firm mostly goes meeting-free this week to address fatigue
(DBN)

Polsinelli Says Gay Bankruptcy Lawyer Sued for Publicity, Must Arbitrate
(DBN)

'Real Housewives Of Beverly Hills' Star Erika Jayne's Husband Accused Of Screwing Car Crash Victim Out Of $700,000
(DBN)

Disgraced Former New York Attorney General Has Law License Suspended
(DBN)

It's Time For All Vacations To Be Billable And Bonus Eligible
(DBN)

When Law Firm Offices Shut, Work-Life Boundaries Crumbled. Rebuilding Them Will Be Difficult.
(DBN)

Recent Grads At These Law Schools Kicked Ass On The 2020 Bar Exam
(DBN)

Lawyer gets stayed suspension for ‘unintelligible’ brief; she said she mistakenly filed the draft version
(DBN)

'Lawyers of Color Have Already Concluded the Worst' About Gayton's Exit
(DBN)

Women Of Influence : Abigail (Abby) O’Brient
(DBN)

Poll: 85 percent say right to protest is important
(DBN)

Pa. Bar Association President Resigns Following Prostitution Charge
(DBN)

NYT host says Florida riot bill lets authorities 'pick and choose' on protesting
(DBN)

Rudy Gets Raided Giuliani’s FBI Search Turns Table on Wall Street’s 1980s Top Cop Legal Experts Say DOJ Likely Had ‘Significant Evidence’ to Execute Search Warrant on Giuliani: He's 'in Deep, Deep S**t’ Federal Investigators Search Rudy Giuliani’s Apartment and Office Federal search warrant executed at Rudy Giuliani’s NYC apartment Rudy Giuliani's home, office searched by federal agents as part of lobbying probe Rudy Giuliani's electronics seized after feds execute search warrant at his NYC apartment: Report Michael Cohen on raid of Giuliani apartment: 'Here we go folks!!!' Conservative Lawyer and Legal Commentator Victoria Toensing Caught Up in Giuliani Dragnet: Report Bharra: Crazy Rude is in Deep Trouble
(DBN)

Trump fight against prosecutors may rely on adviser defense
(DBN)

Lawyers for Capitol rioter struggle to defend their client's behavior in disastrous CNN interview Republican precinct chair in Texas charged over Capitol riot Biden: 'The insurrection was an existential crisis' US Capitol Officer: Quit Saying It Wasn't a Riot
(DBN)

'Can Make Things Go Boom': Men Charged in Gov. Whitmer Kidnapping Plot Hit with New Weapons of Mass Destruction Charges
(DBN)

Missouri Senate tables bill to invalidate federal gun laws
(DBN)

Poll: Support for new gun control legislation falls Support for new gun laws falls from peak after Parkland shooting, Post-ABC poll finds Biden calls for Congress to pass gun control bills: 'Don't tell me it can't be done'
(DBN)

TX Gov: Everybody Will Have a Gun!
(DBN)

Media, sheriff ask court to release officers’ video of Andrew Brown shooting Judge rules body camera footage of Andrew Brown Jr. police killing will not be released to public
(DBN)

Explainer: Is it legal to shoot suspects in the back?
(DBN)

3 men charged with hate crimes in death of Ahmaud Arbery
(DBN)

Wandering cops shuffle departments, abusing citizens
(DBN)

Biden calls on Congress to pass George Floyd police reform bill by end of May
(DBN)

Family of Black man shot and killed by Delaware police sues the force
(DBN)

California man dies after police pin him down for five minutes Deadly California arrest carries echoes of George Floyd case
(DBN)

Man who filmed and taunted dying police officers jailed for 10 months
(DBN)

Derek Chauvin's sentencing date is changed to June 25 Chauvin juror says guilty verdicts could have come quicker Derek Chauvin juror says trial was like 'watching somebody die on a daily basis' First Chauvin juror to speak publicly recounts stress of coming to court to 'watch a Black man die' Juror Who Convicted Derek Chauvin of Murder Reveals Testimony That Influenced Him the Most
(DBN)

Facing perjury charges, Florida superintendent steps down to give 'peace' to Parkland survivors
(DBN)

Stephen Miller’s Legal Group Invokes MLK in Lawsuit Accusing Biden Admin of Discriminating Against White Farmers
(DBN)

Biden will pledge to tackle immigration in address to Congress Biden's 100-day numbers: Migrant kids Biden picks Texas sheriff known for criticizing Trump-era policies to lead ICE Biden picks Texas sheriff known for criticizing Trump-era policies to lead ICE 'A gold rush for human smugglers': Biden's Title 42 policy fuels migrant family kidnappings at border, extortion in U.S. The Border Crisis Comes to a Once-Quiet part of West Texas
(DBN)

Biden's 100-day numbers: Mass shootings
(DBN)

Arizona governor signs ban on abortions based on genetic abnormalities
(DBN)

Judge Rejects Possible Plea Deal for Man Who Stormed Super Bowl Field in Half-Naked Publicity Stunt
(DBN)

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Judges:

Former WilmerHale Partner Joins Del. Bankruptcy Bench
(DBN)

The free speech case so complicated it seems to have stumped the Supreme Court Things Got Weird During Supreme Court Oral Arguments Over a Cheerleader’s F-Bombs on Snapchat U.S. Supreme Court justices debate cheerleader’s F-bomb free speech case Wary Supreme Court weighs student's Snapchat profanity case
(DBN)

Potential future Biden Supreme Court pick set for U.S. Senate hearing Biden judicial pick Ketanji Brown Jackson defends independence in Senate hearing
(DBN)

Filing A Document Shouldn't Be Harder Than Inventing A Smartphone
(DBN)

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Wall Street:

Stock futures rise after better-than-expected Big Tech earnings, Facebook and Apple shares jump
(DBN)

European stocks climb as global markets digest Fed decision; Nokia up 12%
(DBN)

Manhattan financer, 59, jumps to his death from skyscraper weeks after his firm was liquidated  | Daily Mail Online
(DBN)

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Layoffs:

Ford's Ever-Smarter Robots Are Speeding Up the Assembly Line
(DBN)

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Food/Beverage:

Starbucks says its US stores have made a full recovery from the pandemic thanks to drive-thrus and mobile orders
(DBN)

Starbucks CEO says the worker shortage plaguing restaurants won't hurt the coffee chain because its employees' 'energy and spirit is high'
(DBN)

Yum sees smaller KFC, Pizza Hut meal orders as dining out resumes
(DBN)

New York to end restaurant curfew, allow bar seating in NYC starting May as Covid cases drop
(DBN)

More than half of Americans say they feel comfortable dining indoors
(DBN)

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Climate:

Financial firms should disclose emissions from activities they fund, group says
(DBN)

Global study finds glacier melt is speeding up, raising sea levels
(DBN)

Biden plan for cleaner power system faces daunting obstacles
(DBN)

Biden official: 2020-2030 is the "decisive decade" for climate change action
(DBN)

Senate to vote to restore Obama-era limits on methane gas emissions
(DBN)

China has ‘no other choice’ but to rely on coal power for now, official says
(DBN)

Climate collapse: The people who fear society is doomed
(DBN)

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Autos:

U.S. auto sales to more than double in April: J.D. Power, LMC Automotive
(DBN)

Tesla is now sitting on $2.5 billion of bitcoin
(DBN)

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Sports:

Tokyo Olympics Athletes Must Wear Face Masks Most of the Time - Guidelines
(DBN)

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Healthcare:

Hospital sale heads to appeals court
(DBN)

Tri-State Pain Institute's offices sold in Erie bankruptcy court, but with a twist
(DBN)

Rural Ambulance Crews Have Run Out of Money and Volunteers
(DBN)

Business leaders now support government action on health care costs
(DBN)

The CDC changed its mask guidance for vaccinated Americans. Other countries are taking different approaches.
(DBN)

The CDC's mask guidance is really vaccine guidance
(DBN)

Dr. Scott Gottlieb: New CDC mask guidance late and confusing, but encouraging
(DBN)

Coronavirus cases are finally falling
(DBN)

U.S. averaging 2.7 million shots per day, most states have half of adults jabbed
(DBN)

mRNA vaccines 94% effective in preventing hospitalization in adults 65 and older
(DBN)

Vaccines cut household COVID-19 transmission by up to a half, English data shows
(DBN)

Rapid at-home COVID tests become available over the counter
(DBN)

Internal Biden administration debate over vaccine sharing grows more intense
(DBN)

Poorer countries might not get Covid-19 vaccinated until 2023
(DBN)

Fauci said rich countries failed India by focusing on their own COVID-19 outbreaks at the expense of the rest of the world
(DBN)

Biden vows US will be 'arsenal of vaccination' for other countries
(DBN)

Biden’s families plan excludes Medicare expansion, drug price changes
(DBN)

6th US state ends religious vaccine exemption
(DBN)

Deadly air pollutant 'disproportionately and systematically' harms Americans of color, study finds
(DBN)

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Economy:

Fed holds steady even as it nods to 'strengthened' recovery FOMC Statement: No Policy Change, Upgrade to Outlook Fed says vaccinations and strong policies have helped the economy, but also notes inflation is rising Fed leaves rates near zero, reiterates its not worried about inflation Fed holds rates steady, insists much more economic progress is needed The Fed leaves rates unchanged – Here’s what experts are watching now Federal Reserve Isn't Fooling Anyone on Inflation
(DBN)

How the Federal Reserve Is Increasing Wealth Inequality
(DBN)

Mapped: The State of Small Business Recovery in America
(DBN)

Workers Tell Banking Committee Chair Sherrod Brown ‘We Need Help’
(DBN)

Biden's big bet: He can remake the economy without any negative side effects Biden pitches big government as antidote to crises
(DBN)

Biden: Trickle-down economics "has never worked"
(DBN)

Biden makes case for sweeping change
(DBN)

Democrats face big headaches on Biden's $4T spending plan
(DBN)

Here comes the reopening boom
(DBN)

The pandemic might be temporary, but the debt is permanent
(DBN)

Biden's $400,000 tax cap for individual earnings, not joint filers
(DBN)

Fed GDPNow latest estimate: 7.9 percent
(DBN)

White House proposes $1.8 trillion package that would dramatically expand education, safety net programs Biden calls for free, universal preschool and affordable child care in the U.S. Biden takes aim at American inequality by investing $1.8 trillion in families The 4 major takeaways from Biden's $1.8 trillion economic spending package
(DBN)

Joe Biden to push trillions in investment, plead for police reform in Congress speech
(DBN)

Workers could get 12 weeks of paid leave under Biden’s plan Biden wants to spend $225 billion in his new plan to give you guaranteed sick and family time off work Most new parents have 0 days of paid leave. Everyone could have 12 weeks under Biden's plan.
(DBN)

Biden's latest $1 trillion+ plan
(DBN)

Senate Democrats resist Biden's $1.8 trillion pay-for plan Manchin 'uncomfortable' with mounting cost of Biden agenda
(DBN)

Biden’s families plan includes free meals for millions of low-income children
(DBN)

Biden to propose extending $300 monthly checks for parents through 2025, rejecting pressure from Democrats to make it permanent
(DBN)

Majority of Americans say US economic conditions are good for the first time during the pandemic, per CNN Poll
(DBN)

Biden wants to entirely pay for trillions in new spending by raising taxes on corporations and the wealthy Factbox: How Biden’s proposed tax hikes for the wealthy would fund childcare, community college The White House can raise taxes on the wealthy without touching the tax code at all
(DBN)

Who were we and what were we thinking? A return to offices frozen in time.
(DBN)

Soaring U.S. trade deficit in goods hits record high – but there’s a silver lining U.S. goods trade deficit vaults to record high in March
(DBN)

JPMorgan is taking the lead on getting Wall Street back in the office
(DBN)

Deutsche Bank says it will let staff work from home 3 days a week when offices open
(DBN)

Workers are heading back to the office
(DBN)

Of course you’re anxious about returning to normal life
(DBN)

The pandemic is pushing more Americans to retire
(DBN)

A lot of people are spending their third stimulus checks on home improvements
(DBN)

New York’s Spring of Optimism: Finally, the Second Virus Wave Is Ebbing
(DBN)

Facebook co-founder: U.S. needs new form of capitalism so everyone can prosper
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

House Prices and Inventory
(DBN)

The housing market is the hottest it's been since right before the 2008 crash - but there's far less bubble risk this time around
(DBN)

Mortgage rates fall to a two-month low, but weekly demand still drops MBA: Mortgage Applications Decrease in Latest Weekly Survey
(DBN)

The Fed is standing aside as house prices rip higher — but here’s what could get in the way
(DBN)

Second-Home Surge Beats the Market for Primary Residences: What Investors Should Know
(DBN)

Millennials are getting screwed again by their second housing crisis in 12 years
(DBN)

The No. 1 emerging property market in America isn't in Texas or Florida — you may never even have heard of it
(DBN)

Dozens of hopeful Silicon Valley home-buyers camped in tents overnight in hopes of nabbing a $1.2 million townhouse
(DBN)

Teary Ex-Mortgage CEO Tells Jury Biz Failure Not His Fault
(DBN)

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Municipalities:

Judge in Puerto Rico case kicks revenue bond issues months into the future
(DBN)

Liberal group pushes Biden to take ‘urgent’ action on Puerto Rico in new report
(DBN)

Statehood for Puerto Rico would kill its triple-tax-exemption
(DBN)

Exclusive-U.S. Justice Department ends Trump-era limits on grants to ‘sanctuary cities’
(DBN)

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Oil/Gas:

Energy Sec Warns Oil of Kodak Risk
(DBN)

Oil Rises With Demand Optimism Offsetting Virus Concerns
(DBN)

Thirteen U.S. refineries exceeded emissions limits for cancer-causing benzene in 2020 -report
(DBN)

Chesapeake searches for next CEO after Lawler’s abrupt exit
(DBN)

The intensifying battle for Exxon's future
(DBN)

California’s $4 Gasoline May Mean a Price Shock Across U.S.
(DBN)

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Education:

Joe Biden has been pitching free community college since the Obama administration — can he now make it a reality?
(DBN)

A lawmaker wanted to ban 'divisive' teaching on race. Then he mentioned 'the good' of slavery.

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Nursing Homes:

Covid awakened Americans to a nursing home crisis. Now comes the hard part.
(DBN)

Gov. Andrew Cuomo's office hid New York's COVID-19 nursing home death toll for at least 5 months, report says
(DBN)

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Private Equity:

How private equity firms buy assets from themselves
(DBN)

Biden Plan May End Private Equity's Most Lucrative Tax Break
(DBN)

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Hotels:

Hotel Industry & Union Join to Urge Congress for Aid AHLA, Unite Here Call on Congress to Pass ‘Save Hotel Jobs Act' to Help Hotel Workers
(DBN)

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Pharma:

US Drug Prices 2 to 4 Times Higher
(DBN)

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Religion:

Catholic leaders may move to pressure Biden to stop taking Communion
(DBN)

1st ever woman spiritual leader of Orthodox synagogue appointed in Israel
(DBN)

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Politics:

Biden’s first address to Congress Biden pushes ambitious agenda, calls for police reform in speech to Congress 5 winners and 3 losers from President Biden’s first congressional address AP FACT CHECK: Biden skews record on migrants; GOP on virus Biden speech takeaways: Government is good, and so are jobs Big Government Is Back And 3 Other Takeaways From Biden's Address To Congress Five takeaways from Biden's address to Congress Snap polls: Biden's joint address left vast majority of viewers optimistic Biden to the nation: "America is on the move again" Biden to trans youth: "I want you to know that your president has your back" Biden pushes for increased innovation to keep U.S. competitive Biden calls for U.S. to become more competitive against a ‘deadly earnest’ China GOP response to Biden address credits Trump on COVID-19 success Republican rebuttal to Biden to warn against 'socialist dreams' GOP’s Sen. Scott suggests Dems use race as political weapon Tim Scott says Biden dividing country in GOP response to joint address Sen. Tim Scott's Republican Response To Biden's Address, Annotated Boebert takes out space blanket during Biden speech to draw attention to border surge
(DBN)

Harris, Pelosi make history seated behind Biden at speech
(DBN)

Stacey Abrams's pitch that the new Georgia law 'eliminates hours of voting'
(DBN)

Scott to share ‘my family’s American Dream’ in Republican rebuttal to Biden speech
(DBN)

Joe Biden is about to test the politics of going big
(DBN)

This Republican congressman is offering a compelling vision of the post-Trump GOP
(DBN)

Diner patron tells Fox News: 'Like it says in the Bible... America is supposed to be the city on the hill'
(DBN)

Biden to keep intelligence inspector general Trump appointed
(DBN)

Tucker Carlson twice called MSNBC anchor Joy Reid the 'race lady' during his Tuesday show. She wasn't talking about race.
(DBN)

Obama-Appointed Inspector General ‘Abused Her Authority’ and Bullied Staff to Undermine Investigations, Integrity Committee Finds
(DBN)

Alabama: Slaves Were Not Treated Badly
(DBN)

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New Bankruptcy Opinions
(4 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (21 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (86 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:

Stand Pat, Don't Act: Supreme Court Holds That Mere Retention of Debtor Property Does Not Violate Section 362(a)(3) of the Bankruptcy Code's Automatic Stay Provision
(DBN)

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Preemption:

NY Court of Appeals Holds No Bankruptcy Preemption of Lender Tort Claims Against Related Third Parties
(DBN)

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Safe Harbors:

Fraudulent Transfers: 2d Circuit’s Revival of Bankruptcy Safe Harbor Stands
(DBN)

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Finance:

O'Fallon, Illinois, man admits to PPP loan fraud after getting $487,000 loan
(DBN)

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Aviation:

Boeing Writes Off $318 Million Amid Air Force One Supplier Feud
(DBN)

The TSA wanted 6,000 new officers by summer. Most positions are unfilled as airlines expect a passenger surge.
(DBN)

Boeing's business is slowly improving, but troubles remain
(DBN)

Boeing pauses 737 Max deliveries due to electrical issue, warns of ‘light’ April handovers
(DBN)

'I love my airline, but they didn't love me back': Southwest flight attendant blames airline for husband's COVID-19 death
(DBN)

Air havoc as passengers return ahead of summer travel boom
(DBN)

Boarding plane passengers from back to front carries higher risk of Covid infection, finds study
(DBN)

Mango resumes flight as ACSA feud ends
(DBN)

Tourism to EU countries this summer may require multiple Covid certificates
(DBN)

Thai Airways employee union push against forming a new airline
(DBN)

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Retailing:

The husk of Sears Holdings is still in bankruptcy — and $81M in the hole
(DBN)

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Utilities:

Troubled Rural Texas Utility 'Hopeful' about State Rescue Bill
(DBN)

Wind power a smaller contributor to Texas electricity crisis than initially estimated, ERCOT analysis shows
(DBN)

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Movie Theaters:

AMC to sell up to 43 million fresh shares, but calls off plans to seek approval for 500 million more
(DBN)

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Coal:

Mine worker union president: The country 'ought to be appalled' by the lack of support for the mining industry
(DBN)

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Home Security:

New Chapter 11 Bankruptcy Filing - Secure Home Holdings LLC
(DBN)

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Hospitality:

From Bedsheets to Balance Sheets, Hospitality Poised for a Slow Comeback
(DBN)

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Mass Torts:

Johnson & Johnson scores in talc appeals as NJ court knocks down $117M verdict
(DBN)

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Shipbuilding:

Private equity firm to the rescue of Perini Navi
(DBN)

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Sovereigns:

The largest creditor of Cuba’s debt proposes substantial reduction
(DBN)

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UK:

Landlords challenge fairness of restructuring plan in landmark case
(DBN)

England to introduce personal debt moratorium
(DBN)

Debt falls by almost one third since first lockdown
(DBN)

UK PM Johnson denies saying "let the bodies pile high"
(DBN)

Boris Johnson under investigation for mystery funding of apartment renovation
(DBN)

Nestle to close UK plant, 600 jobs at risk
(DBN)

Brexit hit to British banks still not fully felt, UK finance ministry says
(DBN)

Britain agrees deal for 60 million more Pfizer COVID-19 vaccines
(DBN)

U.K. Deploys Thousands of Ravers to Test Relaxing of Covid Rules
(DBN)


WHO warns UK is among countries with highest spread of Indian coronavirus variant
(DBN)

Camping bookings up 500% as UK campsites sell out for summer
(DBN)

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EU:

EU crisis: Eurozone facing a bankruptcy ‘tsunami' - economists issue dire warning
(DBN)

EU demands immediate access to UK-made vaccines in AstraZeneca legal battle
(DBN)

EU Chief Calls for 'Faithful Implementation' of Brexit Trade Deal
(DBN)

Covid threat for Europe ‘remains present,’ WHO says despite falling infections
(DBN)

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Canada:

A University in Tatters Laurentian faculty, staff will have to join creditors’ pool to get their severance
(DBN)

GYMVMT to close some locations after bankruptcy filing, vows to keep fighting
(DBN)

Covid Outbreak Grips Canada Oil Sands Just as Roughnecks Fly In
(DBN)

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India:

In desperate hunt for oxygen and hospital beds, India turns to Twitter
(DBN)

India's COVID death toll tops 200,000 amid under-reporting claims
(DBN)

India cases set new global record; millions vote in 1 state
(DBN)

The world finally woke up to India's virus nightmare
(DBN)

U.S. sending $100M in aid to India as country sets new COVID records
(DBN)

From Amazon to Tata, industry steps up to combat India's coronavirus crisis
(DBN)

India's coronavirus death toll tops 200,000 as infections surge and anger grows
(DBN)

Indians rush for coronavirus vaccines as death toll passes 200,000
(DBN)

Fear of COVID-19 Stalks Delhi Slum Dwellers With No Safety Net
(DBN)

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Switzerland:

Swiss prepare for 3,000-person events from July for vaccinated attendees
(DBN)

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MENA:

Pakistan sees record COVID-19 deaths as officials consider stricter lockdowns
(DBN)

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France:

Workers at French Renault plant held bosses hostage for 12 hours in sale dispute
(DBN)

Generals: France Could Descend into Civil War
(DBN)

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Germany:

German Bankruptcy Officials Worry About Build-Up Of 'Zombie Businesses'
(DBN)

German spy agency watches Querdenker anti-lockdown movement
(DBN)

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Hong Kong:

Another major breakthrough: Mutual assistance in cross-border insolvency between China Mainland and Hong Kong
(DBN)

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Portugal:

Portugal to guarantee restructuring of loans to tourism, retail companies
(DBN)

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