April 5, 2021

The Daily Bankruptcy News

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Law:

Legal industry loses 1,400 jobs in March following big gain in February
(DBN)

Biglaw Bankruptcy Partner Files Lawsuit Alleging Firm's Commitment To Diversity Is 'Mere Pretense'
(DBN)

Downtown Biglaw Mainstay Announces... Probably A Bonus Match?
(DBN)

Top 50 Biglaw Firm Rolls Out 'Enhanced' Bonus Structure
(DBN)

Another Firm Showers Associates With Special Bonus Money
(DBN)

More Biglaw Bonus Bucks: The Latest Firm To Match The Market
(DBN)

Big Law associates are burned out after a year of rapid-fire deals and intense hours. Special $60,000-plus bonuses may not be enough to keep them.
(DBN)

Why U.S. News & World Report Failed Diversity 101: Vivia Chen
(DBN)

NextCare Ex-CEO Malpractice Case Against Baker Donelson Revived
(DBN)

Chauvin’s trial leaves many Black viewers emotionally taxed Explainer: Analyzing use of force by police officers Top homicide lieutenant: Chauvin's use of force was "totally unnecessary" Shaped by Black Lives Matter, Gen Z watches Chauvin trial with cynicism and urgency: ‘What’s next?’ Here's the Legal Reason Why Prosecutors Called Children to Testify Against Derek Chauvin for Allegedly Murdering George Floyd Legion of Chauvin prosecutors, each with own role Here's what was revealed in the first week of the Derek Chauvin trial Prosecutor Cracks Blue Wall of Silence on Floyd’s Accused Killer Cause of death at issue in Chauvin trial as prosecution questions medical examiner's findings
(DBN)

Amid outcry, states push mental health training for police
(DBN)

Wisconsin Demands Trump And Sidney Powell Cough Up Legal Fees In BS Election Suits
(DBN)

Former Cop Who Texted Friends that Donald Trump Was 'The Rightful President' Now Faces Federal Charges in U.S. Capitol Siege Citing Watergate, Prosecutors Tell Judge D.C. Isn’t Too Liberal to Give Capitol-Storming Texas Florist a Fair Trial
(DBN)

Roger Stone's Guards Charged in an Indictment Detailing a Golf Cart Caper, Calls to Oath Keepers Founder
(DBN)

Man rams car into 2 Capitol police; 1 officer, driver killed Suspect in Capitol attack suffered delusions Police identify officer slain in vehicle attack on Capitol as 18-year veteran Willam Evans Suspect who smashed into barrier at US Capitol identified as Noah Green Deadly breach could delay decisions about Capitol fencing ‘The Capitol is a target 24/7,’ warns retired Lt. Gen Russel Honoré Congress "horrified" by vehicle attack at Capitol
(DBN)

Beverly Hills store let criminals stash guns, drugs and cash in vault at strip mall, prosecutors say
(DBN)

Border crossings in March jumped to highest level in 15 years, data shows Border officials say more people are sneaking past them as crossings soar and agents are overwhelmed In ghostly border video, dangers for migrant kids revealed Reports: More than 170,000 migrants taken into custody at southern border in March Lawmakers say fixing border crisis is Biden's job Texas Democratic Sheriff Slams Biden Immigration Policy Pentagon OKs third military base to house migrant children amid surge Biden bets that he can change how America thinks about migration
(DBN)

Police launch investigation into Houston Texans QB Deshaun Watson
(DBN)

Company donates 1.2M eggs to food banks as part of lawsuit settlement
(DBN)

Georgia lawmakers pass bill to revamp citizens arrest law, once used to justify lynchings
(DBN)

Dominion says ex-Michigan state senator's election fraud claims 'successfully duped thousands of people'
(DBN)

'At Some Point, Litigation Must End': Another Federal Judge Dismisses Another Devin Nunes Lawsuit
(DBN)

The political calculus on the gun issue has changed
(DBN)

Alan Dershowitz Slams Biden DOJ’s Handling of Matt Gaetz: ‘If They Leaked Grand Jury Material, That Was Clearly a Crime’
(DBN)

New York City can’t use tort law to sue oil companies over climate change, 2nd Circuit says
(DBN)

The US saw significant crime rise across major cities in 2020. And it's not letting up
(DBN)

Biden Pulls Trump Sanctions Against International Criminal Court
(DBN)

Maskless Man Caught on Video Brawling at Walmart After Hit-and-Run, Attempted Shoplifting Incidents: Police
(DBN)

Five years later, how the Panama Papers pushed the U.S. to stop being a ‘haven’ for crooks
(DBN)

The Perversity of Civil Asset Forfeiture
(DBN)

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Judges:

Colorado Couple arrested for threatening communication to Federal Bankruptcy Judge Fremont County couple threatens judge with kidnapping
(DBN)

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Wall Street:

Dow futures jump 200 points after blowout jobs report
(DBN)

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Performing Arts:

Performing Arts Make a Cautious Return in New York NY State Arts, Entertainment Venues Can Open at Limited Capacity
(DBN)

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Cannabis:

Schumer says Senate to act on marijuana legalization Schumer: Senate will act on marijuana legalization with or without Biden
(DBN)

Poll: Voters split on legalizing marijuana nationwide
(DBN)

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Movie Theaters:

Historic Houston movie theater closes due to pandemic
(DBN)

Will ‘Godzilla vs. Kong’ Kick Off a Post-COVID Renaissance for Movie Theaters?
(DBN)

Waiting for the Blockbusters ... and the People
(DBN)

Movie theaters are reopening. Will fans return?
(DBN)

As US Movie Theaters Reopen, Overseas Shutdowns Could Stall Box Office Recovery
(DBN

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Non-Profits:

Ahead of NRA bankruptcy trial, one board meeting takes the spotlight
(DBN)

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Sports:

County, state investigating COVID-19 exposure after reports of an NCAA fan dying of virus
(DBN)

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Politics:

Few in GOP rush to defend Gaetz amid sex trafficking probe Republicans quietly say Gaetz's days in Congress are numbered Gaetz is said to have boasted of his 'access to women' provided by friend charged in sex-trafficking case 'His friend has been singing to the feds - that's why Matt is so freaked out.' Orgies, blackmail, extortion, Iran hostages: The crazy claims against Florida Rep. Matt Gaetz 'Saturday Night Live' targets Gaetz in wake of sex trafficking investigation
(DBN)

Panic Rooms, Birth Certificates and the Birth of GOP Paranoia
(DBN)

MLB All-Star Game yanked from Georgia over voting law MLB risked player walkout if All-Star Game not moved Braves fire back at MLB after All-Star Game stripped away Trump calls for MLB boycott after All-Star Game moves out of Georgia Ted Cruz, Republican Senators Go to Bat Against Major League Baseball by Suggesting End to Antitrust Immunity Georgia county says removal of All-Star Game will cost tourism $100M
(DBN)

Pressure mounts on corporations to denounce GOP voting bills Corporate America scrambles to get behind voting rights Explainer: What does Georgia’s new GOP election law do? Trump calls for Republicans to boycott companies amid voting law controversy Georgia GOP Lawmakers Demand Removal of Coca-Cola Products From Office Culture wars strain once unshakeable bond between Republicans, corporate America Trump Supporters Condemn 'Woke-a-Cola,' Will Drink Pepsi Instead Major companies are suddenly denouncing GOP-led voting bills. Why now? Corporate criticism of GOP-led voting bills spreads to Texas As restrictive voting bills multiply, GOP signals it won't bow to corporate pressure U.S. companies face boycott threats, mounting pressure to take sides in battle over voting rights
(DBN)

Corporations gave over $50M to voting restriction backers
(DBN)

America’s Third Reconstruction
(DBN)

Pew finds sharp decline in Republican support for making voting easy
(DBN)

More than half of Americans support open access to early and absentee voting, but nearly a third disagree
(DBN)

AP-NORC poll: Majority in US back easier voter registration
(DBN)

Trump might have 'found' the votes he needed to win Georgia under state's new election law
(DBN)

How Trump Steered Supporters Into Unwitting Donations Trump Donors Fume Over Fine Print Which Allowed Campaign to Charge Their Accounts Over and Over
(DBN)

Inside Sandra Lee and Andrew Cuomo’s split: Gov’s cheating ‘an open secret,’ sources say Meet the New Cuomo. Same as the Old Cuomo.
(DBN)

Confederate symbols prove difficult to remove in many states
(DBN)

Republicans Keep Worshiping at This Zealot’s No-Tax Altar
(DBN)

Rules in 27 states create extreme risk of gerrymandering
(DBN)

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Golf:

Highly regarded Nebraska golf club files for bankruptcy
(DBN)

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Uniforms:

Cleaning up a 'disaster'- bankruptcy trustee settles lawsuits against former execs of Parker School Uniforms
(DBN)

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Finance:

Greensill Bank customers get $3 billion in deposit protection scheme
(DBN)

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Coal:

Strike begins at Alabama coal mines as talks fail
(DBN)

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Hedge Funds:

He Built a $10 Billion Investment Firm. It Fell Apart in Days.
(DBN)

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Mass Torts:

Sex-Abuse Victims Duel With Boy Scouts for Right to Steer Bankruptcy
(DBN)

Victims Group Seeks End To Boy Scouts' Del. Ch. 11 Control
(DBN)

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Agribusiness:

WA rancher Easterday pleads guilty to stealing $244M in ‘ghost cattle’ scam
(DBN)

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Newspapers:

Billionaires push to derail hedge fund takeover of local newspapers
(DBN)

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Trucking:

Multitude of creditors left high, dry as Celadon bankruptcy case closes
(DBN)

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Utilities:

When the power went out, Texas oil and gas regulators rushed to defend the industry's image
(DBN)

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Economy:

Jobs report blows past expectations as payrolls boom by 916,000 in March U.S. economy gains 916,000 jobs as vaccinations spur labor market recovery March hiring accelerated to 916K, yet many jobs remain lost March Employment Report: 916 Thousand Jobs, 6.0% Unemployment Rate Comments on March Employment Report Job growth in U.S. topped 900,000 in March as hiring broadened Biden celebrates strong jobs number, but warns there's more work to be done Rapid progress in US labor market but still a long way to go
(DBN)

US Factories Desperate for Workers
(DBN)

Here’s where the jobs are — in one chart
(DBN)

The soft underbelly to a looming economic boom: Millions will miss out
(DBN)

Central bank balance sheets over time
(DBN)

Janet Yellen to call for global minimum tax rate
(DBN)

How will the Fed contend with rising US borrowing costs?
(DBN)

World Economy Risks ‘Dangerously Diverging’ Even as Growth Booms
(DBN)

Reopening turned into economic recovery in March, but it's just the base of the mountain
(DBN)

US companies are expected to see their strongest profit growth in nearly 20 years after downward revisions were 'too aggressive'
(DBN)

Employees could be heading back to the office sooner than they think
(DBN)

USDA to boost SNAP benefits for 25 million Americans
(DBN)

California OKs indoor sports, concerts as COVID cases plunge
(DBN)

No Federal Taxes for Dozens of Big, Profitable Companies
(DBN)

Aiming big, Biden is looking to restore faith in government
(DBN)

How good news could complicate the Biden agenda Biden issues warning on heels of major jobs report, vaccinations
(DBN)

Wall Street's fixation on quick profits wreaking havoc in the 'real' economy, report says
(DBN)

‘Vaccine Passports’ Can Legally Happen — Here's Why and How Vaccine passports are latest flash point in COVID politics Mississippi GOP governor pushes back on vaccine passports Florida governor bans Covid-19 'vaccine passports'
(DBN)

White House official says infrastructure bill's goal is sustained job growth Biden Says Infrastructure Plan Will Create 19 Million New Jobs GOP governor: Infrastructure proposal looks more like the Green New Deal GOP senator: Smaller package focused on physical infrastructure would be 'easy win' for Biden Leading Republican senator calls on Biden to slash massive infrastructure plan to $615 billion Republicans Hint at Support for Much Smaller Infrastructure Plan White House: GOP has 'struggled' to explain opposition to infrastructure plan Promoting infrastructure plan, Buttigieg says U.S. 'coasting' on choices made in the 1950s
(DBN)

Biden’s spending plans collide with a resurgent U.S. economy
(DBN)

Biden's green energy plans clash with pledge to create union jobs Why Biden’s Infrastructure Plan Is a Green Jobs Plan
(DBN)

Energy secretary suggests White House is open to passing infrastructure bill through reconciliation
(DBN)

Fox's Chris Wallace challenges Blunt over GOP's 'credibility' on national debt
(DBN)

Billionaires around the world added $4 trillion to their wealth during the pandemic
(DBN)

A year after passage of Cares Act, watchdogs struggle to oversee trillions in coronavirus spending
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

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

Homes selling faster than ever even as prices rise to all-time highs
(DBN)

If you sell a house these days, the buyer might be a pension fund
(DBN)

Amid housing crisis, the federal govt. banned evictions. Landlords are finding loopholes.
(DBN)

Half of Latino renters depend on eviction relief
(DBN)

Texas renters may lose after state Supreme Court declines to renew emergency order Despite federal moratorium, more Texas renters face eviction as state protection lapses
(DBN)

50 Housing Markets That Are Turning Ugly
(DBN)

U.S Mortgage Rates Make it 7 in a Row as Economic Data Fuels Optimism
(DBN)

This Mandeville land development is at the heart of First NBC scandal set for bankruptcy auction
(DBN)

A Look At How The Bankruptcy Negotiating Process Impacted REIT CBL & Associates Investors
(DBN)

____________

Municipalities:

We the People: Why stop at 50? Puerto Rico, D.C. could become states under proposals in Congress
(DBN)

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Oil/Gas:

Seadrill Proposes $4.8 Billion Debt Write-Off: Finansavisen Seadrill asks creditors to write off more than 85% of its debts, filing shows
(DBN)

Total CEO Sees Pay Drop by More than a Third
(DBN)

The Gas Engine Is Dead. Welcome to the Electric Revolution.
(DBN)

____________

Autos:

Hertz selects Chapter 11 exit plan backed by Centerbridge, Warburg, Dundon
(DBN)

March Vehicles Sales increased to 17.75 Million SAAR
(DBN)

Tesla delivered 184,800 vehicles in the first quarter of 2021, Model S and X production dropped to zero
(DBN)

Biden's infrastructure plan targets transportation — but could put auto jobs at risk
(DBN)

____________

Horse Racing:

Bankruptcy Judge Grants Extra Time to Probe Zayat's Finances
(DBN)

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Healthcare:

So you got vaccinated: Here’s why you can’t let your guard down yet to stay safe
(DBN)

US vaccinates 4 million people in one day Covid vaccinations hit another record, average now above 3 million daily
(DBN)

Infectious diseases expert: U.S. is "at the beginning" of a fourth COVID-19 surge U.S. must confront Covid spike, noted epidemiologist warns Infection rates rise, but experts disagree on what to call surge
(DBN)

COVID-19 vaccines may reduce transmission, experts say, but vaccinated Americans still need to wear masks in public. Here's why.
(DBN)

The final insult: Some dying of COVID while awaiting vaccine
(DBN)

Covid ‘super mutation’ may cause ‘devastating’ new outbreak & beat vaccines if we leave lockdown too soon, experts warn
(DBN)

Many still hesitate to get vaccine, but reluctance is easing
(DBN)

Biden adviser acknowledges messaging 'problem' surrounding COVID-19 immunity and travel
(DBN)

CDC director walks tightrope on pandemic messaging
(DBN)

Singing hymns through masks, Christians mark pandemic Easter
(DBN)

California scrambles as maskless crowds flood vacation hotspots
(DBN)

L.A. County Public Health Covid-19 Report: 40 New Deaths And 839 New Positive Cases, As Hospitalizations Drop Under 600
(DBN)

Florida COVID update for Saturday: More than 6,000 cases for third day in a row. 67 deaths
(DBN)

Covid Variant Dominates Areas With Two-Thirds of U.S. Population
(DBN)

Latin America passes 25 million coronavirus infections
(DBN)

Younger Latino men are Covid's biggest victims as families grapple with loss
(DBN)

AstraZeneca kicked out of US factory over mix-up 'that ruined 15m vaccine doses'
(DBN)

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Retailing:

See inside a defunct Macy's that underwent a $3.5 million transformation to become a high school in Vermont
(DBN)

Amazon apologizes for tweet denying some workers urinate in bottles
(DBN)

Mike Lindell Admits MyPillow Can't Get Back $65M in Revenue Lost Due to Trump Ties
(DBN)

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Cruise Lines:

CDC issues next phase of guidance to cruise ship industry
(DBN)

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Fraud:

Lori Loughlin's husband, Mossimo Giannulli, released from California prison
(DBN)

'Real Housewives' star Jen Shah pleads not guilty to fraud, bond set at $1 million
(DBN)

There's a reason multiple 'Real Housewives' have been arrested for fraud
(DBN)

____________

Education:

Five dorms at University of Connecticut under quarantine
(DBN)

California teachers’ latest demand: Free child care
(DBN)

Pandemic fuels staggering teacher shortages across the U.S.
(DBN)

____________

Theme Parks:

'I spent $15,000': Man arrested at Disney resort in Florida after refusing temperature check
(DBN)

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Climate:

Western states brace for 'very active wildfire season' following warm, dry winter
(DBN)

Western rivers face pinch as another dry year takes shape
(DBN)

In uneven economic recovery, climate action risks leaving some behind
(DBN)

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New Bankruptcy Opinions
(4 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 (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:

What the Influx of Big Public Company Bankruptcy Filings in Houston Means for Texas Restructuring Lawyers
(DBN)

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Bankruptcy Reform:

The Impact of the Bankruptcy Relief Act and Other Recent Bankruptcy Code Changes
(DBN)

Subchapter V’s $7.5 Million Debt Limit Is Extended (But Only For A Year!!)
(DBN)

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ADR:

Alternative Dispute Resolution: Well-Suited To Online Proceedings
(DBN)

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Property of the Estate:

Appellate Courts Split On Bankruptcy Ownership Of Malpractice Claims
(DBN)

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Automatic Stay:

U.S. Supreme Court Allows Repossessing Secured Lender To Hold Collateral Pending Bankruptcy Stay
(DBN)

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Prepacks:

Federal Watchdog Wants to Put Brakes on High-Speed Bankruptcies
(DBN)

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Setoff:

No Setoff Here: Third Circuit Resolves Triangular Setoff Debate Once and for All
(DBN)

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Bankruptcy Research:

The Labor Effects of Pro-labor Bias in Bankruptcy
(DBN)

Taming the Wave of Small and Medium Enterprise Insolvencies
(DBN)

Bankruptcy & Bailouts; Subsidies & Stimulus: The Government Toolset for Responding to Market Distress
(DBN)

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Non-Debtor Releases:

Wither Non-Debtor Releases? Purdue Pharma and the Proposed SACKLER Act
(DBN)

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Safe Harbors:

The District Court in Tribune Circumscribes Merit and Maintains Section 546(e) Safe Harbor Protection for Shareholders in the Wake of a Failed LBO
(DBN)

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Aviation:

Fully vaccinated people can travel safely again, CDC says Fully vaccinated people can travel in U.S. without tests or quarantines, CDC says CDC says travel is low risk for vaccinated people with masks
(DBN)

TSA reports most passenger screenings since beginning of the pandemic
(DBN)

Delta cancels about 100 flights due to staff shortages, opens some middle seats
(DBN)

Entire Plane Claps After Anti-Maskers Get Thrown off Flight
(DBN)

A new luxury car service at LAX is letting wealthy flyers skip the terminal by meeting them planeside - and a single ride costs more than $3,000
(DBN)

I flew on Alaska for the first time since it stopped blocking middle seats and it was the closest to normal I've seen during the pandemic
(DBN)

Supersonic travel is about to make a comeback
(DBN)

France Claims EU Green Light For More Air France Aid Air France-KLM Board Preparing to Meet Monday on State Rescue
(DBN)

Air France-KLM nears refinancing deal ahead of crunch meeting
(DBN)

After takeover fails, Air Transat seeks help as debt deadline looms
(DBN)

____________

Religion:

Judge denies hiring 'exorbitant' financial advisor in church bankruptcy
(DBN)

Easter in the time of Covid: America sees lowest congregation rates in history
(DBN)

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Student Debt:

Progressives' Calls Grow for Biden to Cancel $50K of Student Loan Debt
(DBN)

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Sovereigns:

Argentina’s Guzman Says IMF Credit Line Deal Will Take Time
(DBN)

Argentina’s biggest province extends $7 bln debt deadline again amid creditor tensions
(DBN)

The Case for Bold Debt Relief for the Poorest Countries
(DBN)

____________

UK:

UK to pilot COVID certificates for sporting events and nightclubs UK eyes testing COVID-19 passports at mass gatherings U.K. Covid Passports May Not Be Ready for Months, Telegraph Says
(DBN)

Vaccinated Britons to Face Fewer Holiday Restrictions: Telegraph
(DBN)

Home radiators will have to be 10 degrees cooler for Britain to reach climate targets
(DBN)

Cameron Lobbied Second Treasury Official on Greensill: Times
(DBN)

U.K. Sees 25 New Blood-Clot Cases Linked to AstraZeneca Vaccine
(DBN)

Boris Johnson was ‘a shambolic, shameless clot’ says former colleague
(DBN)

____________

EU:

Corporate Law Rules in Emergency Times Across Europe
(DBN)

Europe’s stumbling vaccine rollout provides a lesson in EU politics
(DBN)

Europe’s third wave: ‘It’s spreading fast and it’s spreading everywhere’
(DBN)

Europe ramps up vaccinations as virus haunts Easter holidays
(DBN)

____________

PIIGS:

Young professionals cut ahead of older Italians for vaccine
(DBN)

Italy enters 3-day Easter lockdown amid vaccination snags In another locked down, disrupted Easter, a tired Italy can't escape the virus
(DBN)

Beach partygoers in Spain's Barcelona defy COVID-19 restrictions
(DBN)

Greece extends restrictions on international flights to April 19
(DBN)

____________

Canada:

Ontario hastily reverses reopening as new variants usher in a third wave of Covid cases
(DBN)

Canada’s Virus Tally Passes 1 Million in Third Wave of Pandemic
(DBN)

Gruelling Lockdown Has Toronto Businesses at the Breaking Point
(DBN)

____________

France

France cuts economic growth forecast as it enters third COVID lockdown
(DBN)

Paris medics fear worst of Covid wave still to come
(DBN)

____________

Germany:

Germany faces ‘crisis of trust’ in pandemic, president says
(DBN)

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India:

Government brings ordinance for pre-packaged insolvency resolution of MSMEs under Insolvency and Bankruptcy Code Explained: Why pre-packaged insolvency resolution is great for MSME borrowers
(DBN)

Standards for Application of the Limitation Act to the IBC
(DBN)

India’s Covid-19 cases are rising again. One state is getting hit especially hard India surpasses 100,000 new COVID cases in 1 day for first time
(DBN)

____________

Bangladesh:

Bangladesh to enforce week-long lockdown amid swell of COVID-19 cases
(DBN)

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MENA:

‘Like a Miracle’: Israel’s Vaccine Success Allows Easter Crowds in Jerusalem
(DBN)

My Life in Israel’s Brave New Post-Pandemic Future
(DBN)

Egypt's first female ship captain fears for her career after she was blamed falsely for the Suez Canal blockage when she was aboard a vessel 200 miles away
(DBN)

Arabtec: Creditors await Dubai Court’s next move in getting back their Dh10b plus
(DBN)

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Singapore:

The hunt for lost billions: Failed Hin Leong's owners face asset claims
(DBN)

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Brazil:

In Brazil, some states are in "critical condition" from Covid, WHO officials say
(DBN)

Brazil has become South America's superspreader event
(DBN)

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Mexico:

A Mexican tragedy: country's crippling Covid crisis comes into sharp focus
(DBN)

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Philippines:

Philippines to Extend Manila’s Lockdown by a Week
(DBN)

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