April 7, 2021

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Law Firm Mergers Rebound After Pandemic Slowdown, May Top 100
(DBN)

2 'Very Different' Pitches: How Captive, Untethered ALSPs Get Business
(DBN)

Global Law Leaders Said to Ignore Big Four Threat—For Now
(DBN)

People So 'Pissed' About Special Bonuses At This Biglaw Firm That They 'Want To Leave'
(DBN)

Am Law 100 Firm Latest To Join Bonus Parade
(DBN)

BigLaw's lockstep compensation is declining in order to keep and attract talent
(DBN)

Biglaw Firm Raises Salaries For (Some) Associates, Offers Special Bonuses For All
(DBN)

Biglaw Firm Announces Great New Family Friendly Benefit
(DBN)

YPF Loses 'Shabby' Bid To DQ White & Case In Maxus Suit
(DBN)

BigLaw firm must face suit alleging it broke promise to retain lawyer as long as she ‘performed as an average associate’
(DBN)

Wachtell, Kirkland Are Big Q1 Winners as M&A Comeback Continues
(DBN)

Lawyer resigns from bar after he is accused of forging prosecutor’s signature
(DBN)

As Florida Coastal tries to get student loan funds reinstated, ABA seeks teach-out plan
(DBN)

Fried Frank Continues Strategic Growth of Restructuring and Insolvency Practice, Welcomes Partner Adam L. Shiff
(DBN)

Parker Hudson Continues Strategic Expansion of Restructuring & Bankruptcy Practice in Atlanta
(DBN)

NJ Law Firm Expands Bankruptcy & Creditors’ Rights Practice
(DBN)

Star asbestos lawyer dinged as ‘unprofessional' in pro hac vice dispute
(DBN)

Freshfields narrows gender pay gap
(DBN)

Remote-working across continents
(DBN)

A Year Later: Law Firms Move Forward with Perspective on Technology
(DBN)

Girardi Keese Bankruptcy Trustee Says at Least $15M in Client Funds Are Missing
(DBN)

Firms see clients pause relationships in biggest market shakeup since financial crisis, study finds
(DBN)

Law Firms Can’t Form Partnership, Operate Apart, N.Y. Bar Says
(DBN)

What is a lawyer's ethical duty to check out a client's claim before filing an action?
(DBN)

What an analysis of 377 Americans arrested or charged in the Capitol insurrection tells us In key showdown, U.S. judge tests prosecutors' claims that Proud Boys leaders planned Jan. 6 Capitol breach 'I Fed Him To The People': Trump Fan Indicted For Dragging Cop Into Capitol Mob By The Neck Lawyers for Man Who Brought Stun Gun Into Nancy Pelosi's Office Ask Judge to Give Peace a Chance by Releasing Their Client from Jail Prosecutors, Citing Suspect's Post-Jan. 6 Contact with Dinesh D'Souza and Joe Rogan, Claim Capitol Rioter Is Too 'Savvy' to Be Released on Bail Oath Keeper About to Turn State's Evidence
(DBN)

House Democrats push Biden to limit transfer of military-grade gear to police
(DBN)

Capitol Police officer was killed by car striking him, D.C. police say
(DBN)

Doctor Who Treated George Floyd Says He Believed Cause Of Death ‘Likely’ Asphyxia Floyd’s family takes its seat in ex-officer’s murder trial Suspected George Floyd Drug Dealer Appears at Derek Chauvin Trial as He Tries to 'Resolve' His Own Criminal Cases Police trainer testifies Chauvin used unauthorized neck restraint on Floyd Minneapolis officers line up to reject Chauvin’s actions Police official: Chauvin trained to avoid neck pressure
(DBN)

Ex-Trump Lawyer’s Claim About Not Worshiping Him Goes Up In Holy Smoke
(DBN)

Six family members shot to death in Texas after brothers formed murder-suicide pact, police said
(DBN)

After 22nd sexual misconduct lawsuit against Deshaun Watson, Texans issue statement
(DBN)

California Man Went on Racist Rant at Asian Family's Door After Allegedly Attacking His Father
(DBN)

Texas Republicans say this year is their best chance to push for 'constitutional carry' of guns
(DBN)

Woman is eligible for asylum because domestic abusers persecuted her for feminist opinions, 9th Circuit says
(DBN)

Biden Must Fix Border Situation Fast or Risk Trump Saying His Policies Were Right, Democrats Say
(DBN)

Lawyers Say Texas AG Ken Paxton Admitted His State Violated the Constitution While Accusing Biden Admin of Breaking Immigration Laws
(DBN)

South Carolina Back-to-Office Order Draws Lawsuit Over Equality
(DBN)

NYC Doormen Who Closed Door After 65-Year-Old Asian Woman Was Brutally Attacked on Sidewalk Have Been Fired
(DBN)

Former Trump Admin Official Files $10 Million Lawsuit After News Outlet Called Her Comments ‘Racist’
(DBN)

Michael Cohen Tests Trump’s Criminal Justice Reform Law
(DBN)

Attorney Lin Wood: Blasting South Carolina's top Republicans
(DBN)

Ghislaine Maxwell Prosecution Reveals Nearly 3 Million Pages of Evidence
(DBN)

Ex-Trump Official Fined $1,000 and Barred from Federal Employment for Hatch Act Violation
(DBN)

State Lawyer Fired for Anti-Islam Tweets Files Free Speech Suit
(DBN)

Fired Walmart worker drives car through store, cops say
(DBN)

Verdict in Doubt After Jurors Called Legal Team ‘Cosby Show’
(DBN)

______________

Judges:

BK NJ: Public Notice for Reappointment of Bankruptcy Judge
(DBN)

US Rep. Alcee Hastings dies at 84; was impeached as judge
(DBN)

Supreme Court’s most pro-religion justices since WWII sit on the current court, new study says
(DBN)

Who Is The Worst Supreme Court Justice Of All Time?
(DBN)

Biden wants lasting impact on courts
(DBN)

Biden has an opportunity to reform and diversify federal courts
(DBN)

Professional diversity is needed on the bench
(DBN)

California judicial watchdog commission admonishes L.A. judge for remote hearing impatience
(DBN)

______________

Wall Street:

Stock futures are flat as the S&P 500 hovers near a record
(DBN)

Stocks tied to Archegos are roiling markets again as $2 billion of block trades drives new bout of volatility
(DBN)

‘We’re seeing widespread frothiness, bubbles, risk-taking and leverage,’ warns ‘Dr. Doom’ on state of stock-market
(DBN)

______________

Layoffs:

Garment workers owed millions in pandemic severance pay, study finds
(DBN)

New Relic will lay off up to 160 in restructuring
(DBN)

More Than 180 WPX Employees To Be Laid Off
(DBN)

Shenandoah Valley-based telecommunications company Shentel announces 340 layoffs
(DBN)

______________

Retailing:

Roughly 80,000 stores are doomed to close in the next 5 years as the retail apocalypse continues to rip through America
(DBN)

____________

Autos:

People have stopped paying their car loans, and it shows millions are struggling in this economy
(DBN)

____________

Sports:

Will the Tokyo Olympics happen?
(DBN)

U.S. threatens boycotting 2022 Beijing Olympics with allies China warns Washington not to boycott Winter Olympics
(DBN)

____________

Agribusiness:

Non-Existent Cattle Cost Tyson $200 Million at Bankrupt Ranch Futures Trader Burns Tyson With $200 Million Loss on Fake Cattle
(DBN)

____________

Climate:

Bill Gates Is Reaching for the High-Hanging Fruit on Climate
(DBN)

California reports third-driest year on record
(DBN)

Study: Drought-breaking rains more rare, erratic in US West
(DBN)

Southwest Braces for More Water Cutbacks
(DBN)

____________

Banking:

Credit Suisse May Let Fund Clients Take Hit on Greensill Losses
(DBN)

____________

Hedge Funds:

Credit Suisse Could Face Further Archegos Impact This Quarter
(DBN)

____________

Food/Beverage:

Restaurants face staffing crisis as diners return: 'Just too much to bear'
(DBN)

____________

Religion:

America is losing its religion
(DBN)

____________

Hotels:

Arizona motel among many expected to file for bankruptcy in coming months
(DBN)

____________

Economy:

Biden says he has not spoken with Fed Chair Powell
(DBN)

Jamie Dimon says economic boom fueled by deficit spending, vaccines could ‘easily run into 2023’
(DBN)

US job openings in February reached highest rate on record BLS: Job Openings Increased to 7.4 Million in February U.S. job openings hit two-year high, signaling more hiring ahead U.S. job openings jump to two-year high in boost to labor market
(DBN)

U.S. jobs come roaring back, surprising employers and economists
(DBN)

The US economy is growing at its fastest pace since 1984
(DBN)

The number of billionaires spiked by 30% during the pandemic
(DBN)

Central Banks Retreat From U.S. Dollar
(DBN)

Jeff Bezos says Amazon supports raising corporate tax rate Jeff Bezos says Amazon supports a corporate-tax hike, arguing that Biden's infrastructure plan will require 'concessions from all sides'
(DBN)

Biden's kitchen-sink 'jobs' bill has plenty of companions
(DBN)

Biden Plan Still Faces Senate Hurdles Even After Procedural Win
(DBN)

Bankruptcy, Bailout, or Bust: Early Corporate Responses to the Business and Financial Challenges of COVID-19
(DBN)

Global billionaires added $8 trillion to total net worth in the last year, Forbes reports
(DBN)

Yellen says more work needed to shore up weaknesses revealed by pandemic
(DBN)

U.S. must invest heavily to stay No. 1 economy: White House economist
(DBN)

Biden's pitch that the economy 'will create 19 million jobs' if infrastructure is passed
(DBN)

Corporations Tear Down Infrastructure Plan
(DBN)

The U.S. government approved trillions in aid. Many hard-hit families have yet to receive it.
(DBN)

Major Companies May Cut Salaries for Remote Workers
(DBN)

Texas Bans Vaccine-Passport Requirements in Full-Speed Reopening White House rules out involvement in 'vaccine passports' You may need proof of COVID-19 vaccination to travel internationally soon WHO does not support mandatory 'vaccine passports' Explaining COVID Vaccine Passports and Where They Are Used
(DBN)

California aims to 'fully reopen' economy by June 15
(DBN)

Americans' Worry About Catching COVID-19 Drops to Record Low
(DBN)

Goldman, Starbucks, Wharton Form Group to Erase Black Wealth Gap
(DBN)

The Fed Is Making Wall Street Forecasters Pay Attention to Black Unemployment
(DBN)

Roubini Warns U.S. Yields Above 2% Will Bite Amid Excess Risk
(DBN)

Hedge Funds See Something in the Reflation Trade They Don’t Like
(DBN)

IMF Boosts Global Growth Forecast, Warns of Diverging Rebound IMF upgrades forecast for 2021 global growth to a record 6% IMF sees stronger global growth as some COVID clouds begin to clear
(DBN)

IMF Not Seeing Any Kind of Systemic Debt Crisis: Gopinath
(DBN)

The world's pandemic rebound
(DBN)

Meet the highest paid CEO in S&P 500, Paycom’s $211 million man
(DBN)

U.S. to launch massive funeral assistance program for covid-19 victims
(DBN)

Beijing has surpassed New York City to become the new billionaire capital of the world
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

CoreLogic: House Prices up 10.4% Year-over-year in February
(DBN)

Home Price Surge Seen Slowing After Record Run
(DBN)

Las Vegas Real Estate in March: Sales up 36% YoY, Inventory down 68% YoY
(DBN)

Hundreds of Bankers Return to JPMorgan, Goldman London Offices
(DBN)

Grant Thornton Says Most Staff Want to Stay Home After Pandemic
(DBN)

When will office workers go back? Here’s what companies are saying.
(DBN)

Consumer bureau proposes ban on most home foreclosures until 2022
(DBN)

Famed Hearst estate relists for $90M as owner battles mounting debt
(DBN)

____________

Oil/Gas:

US Oilfield Services Hired 23,000 in March
(DBN)

General Motors to announce electric pickup at Detroit Plant
(DBN)

Gas Prices in Downtown LA Near $6
(DBN)

U.K. Says Its Seabed Is More Valuable for Environment Than Oil
(DBN)

Occidental CEO Rejects U.S. Carbon Tax in Break With Oil Rivals
(DBN)

____________

Distressed Investing:

With US$1 trillion of distress gone, debt pickers find scraps
(DBN)

____________

Education:

Survey: Even as schools reopen, many students learn remotely
(DBN)

____________

Cruise Lines:

Norwegian Cruise Line to resume sailing with vaccinated passengers
(DBN)

Carnival Threatens to Move Ships Abroad Amid CDC Obstacles
(DBN)

CDC Says Cruises Possible by Mid-Summer as Tensions Boil Over
(DBN)

____________

Student Debt:

Biden still considering cancellation of as much as $50k per person in student debt
(DBN)

The faces of student debt
(DBN)


____________

Event Facilities:

Event venue near Mile High Stadium files for bankruptcy
(DBN)

____________

Religion:

Judge puts three dozen lawsuits against Buffalo parishes on hold amid bankruptcy
(DBN)

____________

Fraud:

California Woman Gets 15-Year Sentence For "Massive" $350 Million Liquor License Ponzi Scheme
(DBN)

A Hollywood actor starred in low-budget sci-fi films. On the side, he ran a $227 million Ponzi scheme, feds say.
(DBN)

____________

Utilities:

PG&E faces 33 criminal charges for 2019 wildfire PG&E Faces Criminal Charges Over 2019 Kincade Fire
(DBN)

Texas Grid Problem Exacerbated Power Failures During Blackout
(DBN)

____________

Golf:

Dismal River in bankruptcy, but owner positive on outlook
(DBN)

____________

Radio:

‘Red Dirt Rebel’ Files For Bankruptcy
(DBN)

____________

Politics:

Senate parliamentarian to let Democrats bypass GOP filibuster on two bills
(DBN)

Senate gives Biden a big tool to work around GOP filibuster
(DBN)

EXPLAINER: Senate eyes budget rule to push past filibuster
(DBN)

McConnell warns biz off political speech, says it's 'stupid' McConnell Now Decries Corporate Politicking He Once Championed Republican battle with MLB intensifies Trump: 'Boycott all of the woke companies' opposing voter laws like Georgia's Abbott: Texas companies 'need to stay out of politics'
(DBN)

Dimon calls on companies to be policymakers
(DBN)

Yes, the Georgia election law is that bad
(DBN)

Stolen Confederate monument will become a 'toilet' unless 'White Lies Matter' demands met, group vows
(DBN)

Former Trump staffers are facing a 'job desert' in Washington after the Capitol siege
(DBN)

Deadpan Jen Psaki Mows Down Newsmax Reporter Over ‘Secret Memo’ Question
(DBN)

Donald Trump Tumbles Nearly 300 Spots In Billionaire Ranks 'Monumental miscalculation': Trump cost himself a fortune by refusing to divest when he became president
(DBN)

Pfizer CEO says Trump told him vaccine 'will help me' with election
(DBN)

Matt Gaetz is set to headline a pro-Trump women's event at Trump's Doral resort even as a sex-trafficking investigation looms Matt Gaetz is using sex-trafficking allegations to raise money, asking for donations to 'fight back against the fake news' Shame no longer has a place in American politics. Matt Gaetz proves it Gaetz Wanted Blanket Pardon from Trump
(DBN)

Boehner book excerpt accuses Trump of inciting "bloody insurrection"
(DBN)

More than 100,000 people sign a petition urging Walmart, Amazon, and other retailers to pull MyPillow's products
(DBN)

Trump Insists Campaign Scam was Legit
(DBN)

____________

New Bankruptcy Opinions
(6 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (19 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:

The pandemic has been a bane for bankruptcies
(DBN)

First Quarter Was Busier Than Average
(DBN)

Insolvency in an atypical recession
(DBN)

______________

Mediation:

Informal Mediation for Small Businesses in Financial Stress
(DBN)

____________

Trustees:

BK ED PA Seeks Ch. 13 Trustee
(DBN)

BK ND IL Seeks Ch. 7 Trustee
(DBN)

____________

Financial Statements:

What to Look for in the Income Statement, Especially in Troubled Times
(DBN)

____________

Corporate Governance:

Director & officer indemnification and advancement provisions under Delaware law
(DBN)

____________

Aviation:

Wichita aerospace company files for bankruptcy after major losses from 737, COVID
(DBN)

JetBlue is promising London-bound passengers free meals, wider seats, and more when service finally starts this summer - take a look
(DBN)

Johnson Says U.K. Hasn’t Given Up on International Trips by May
(DBN)

Boeing Forecasts India’s Air Passenger Demand Will Double by 2030
(DBN)

The Complicated Calculus of Traveling With Kids During Covid
(DBN)

____________

Non-Profits:

NRA’s Bankruptcy Lurches Forward ~ But Who Speaks for NRA Members?
(DBN)

NRA fights to declare bankruptcy as NY AG lawsuit threatens to dissolve the organization
(DBN)

NRA leaders defend bankruptcy petition in court hearing, saying the move is necessary to protect the gun lobby's existence
(DBN)

NRA chief Wayne LaPierre put the gun rights group into bankruptcy to avoid facing a financial investigation, New York's AG claims during trial
(DBN)

NRA on Trial — Day 2: Millions of Dollars Worth of Private Jet Travel by LaPierre and NRA Execs Revealed in New Detailed Filings by NYAG’s Office
(DBN)

The bankruptcy case against the Boy Scouts of America might go past $100 million Boy Scouts Victims Committee Says Claims Worth $103 Billion
(DBN)

____________

Television:

TV station owner AméricaTeVé owner exits Chapter 11, to buy radio station
(DBN)

____________

Healthcare:

Poll tracks toll virus takes on health-care workers
(DBN)

Fauci tamps down fears of another coronavirus wave
(DBN)

Experts see the CDC's messaging problem as a public health liability — especially now
(DBN)

Nearly half of new US virus infections are in just 5 states
(DBN)

Texas, Mississippi See Lowest COVID Cases in Almost a Year 1 Month After Lifting Mask Mandate
(DBN)

Younger people seem to be contracting more transmissible variants, causing another COVID-19 surge in Michigan
(DBN)

Biden to Urge Making Vaccines Open to All Adults by April 19 Biden makes all adults eligible for a vaccine on April 19
(DBN)

Day of 4 Million Vaccines Signals a Sharp Turnaround for U.S.
(DBN)

Boat, snowmobile, camel: Vaccine reaches world’s far corners
(DBN)

The factory that had to toss J&J coronavirus vaccines has made 150 million doses. Regulators haven't let any reach the public Senior Trump and Biden officials knew for months about problems at vaccine plant
(DBN)

End the hygiene theater, CDC says
(DBN)

Official: EU agency to confirm AstraZeneca blood clot link
(DBN)

Arkansas overrides governor's veto, bans treatments for transgender youth
(DBN)

High Bills for Covid Tests at a Hospital E.R.
(DBN)

Israel and Chile both led on Covid jabs, so why is one back in lockdown?
(DBN)

Study: A third of COVID patients later had psychiatric or neurological illness
(DBN)

____________

UK:

Peacocks stores back in business but only half will reopen
(DBN)

UK Business Viability Guide – understanding director risks and challenges
(DBN)

Foreign holidays may be 'out of reach' for many under COVID tests regime
(DBN)

Beyond the Pandemic: London’s financial hub seeks a rebirth
(DBN)

____________

EU:

Struggling firms handed lifeline as Government extends Covid insolvency rules
(DBN)

ECB’s Wunsch Predicts Healthy Rebound But Bumpy Exit From Crisis
(DBN)

Euro-Area Companies Return to Broad Growth on Vaccine Optimism
(DBN)

Euro Zone Fiscal Stimulus in 2021 Actually Beats U.S., UBS Says
(DBN)

EU Projects Near-Virus Immunity by End-June, Beating Its Target
(DBN)

EU life expectancy drops across bloc amid virus pandemic
(DBN)

____________

PIIGS:

On Mykonos, Greece’s Famed Party Island, ‘Everyone Is About to Explode’
(DBN)

____________

Canada:

Human trafficking survivors call on Ontario to forgive fraudulent student debts
(DBN)

Ontario Faces Pressure to Close Schools as Variant Cases Rise
(DBN)

Toronto Home-Price Surge Tops 20% as Bubble Debate Heats Up
(DBN)

____________

New Zealand:

New Zealand opens up travel bubble with neighboring Australia
(DBN)

____________

Hungary:

Hungary, World’s Worst-Hit Covid Nation, Starts Easing Virus Curbs
(DBN)

____________

MENA:

Iran’s Covid-19 Cases Surge to Record High After Public Holiday
(DBN)

____________

Germany:

German businesses facing bankruptcy
(DBN)

'Taste of freedom' for Germans amid controversial reopening
(DBN)

____________

India:

FACT CHECK: OYO files for bankruptcy? Here's the truth Indian Startup Oyo Denies Seeking Bankruptcy After $22,000 Claim
(DBN)

____________

Russia:

State Duma adopts bill on tougher punishment for premeditated bankruptcy in first reading
(DBN)

____________

China:

Essential features of the first individual bankruptcy regulation in China
(DBN)

____________

South Korea:

SsangYong Motor set to go under court receivership
(DBN)

____________

Brazil:

Brazil's COVID-19 death surge set to pass the worst of record U.S. wave  4,000 Dead in One Day from Covid 19
(DBN)

____________

Malaysia:

Malaysia’s former PM Najib Razak served with bankruptcy notice over unpaid US$400 million tax bill
(DBN)

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