April 8, 2021

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Don't Announce Your Bonuses On A Friday
(DBN)

Associate Compensation Scorecard: Which Firms Are Sharing The Wealth Through Special Bonuses?
(DBN)

Law School Gets Cut Off From Student Loan Funds... Again
(DBN)

Chaos Reigns: Notre Dame Law School Tells Non-Wealthy Students ‘Thanks, But No Thanks’
(DBN)

Does The T14 Even Matter? Asking For Some Hoyas.
(DBN)

Lawyer Can Contact Clients from Old Firm Without Ad Rule Breach
(DBN)

Millennial Lawyers Are Finding Fewer Barriers to Exit Big Law and Go Solo
(DBN)

Kirkland Lawyers Flock to Posts at Private Equity Companies
(DBN)

Ten House Democrats Join Lawsuit Blaming Trump for Capitol Riot
(DBN)

Giuliani Denies Defaming Dominion Voting With Election Claims • Rudy Giuliani's Motion to Dismiss Says that Even if He Did Defame Dominion the Company Cannot Recover Certain Damages • Trump adviser Giuliani asks judge to throw out $1.3 billion lawsuit over his 'big lie' election claims • Georgia's GOP lieutenant governor says Rudy Giuliani's false voter fraud claims triggered voting restrictions
(DBN)

Michigan AG Says Sidney Powell’s Claim that ‘No Reasonable Person’ Would Believe Her Kraken Theories Is Exactly Why She Should Be Sanctioned
(DBN)

U.S. says Ghislaine Maxwell has received COVID-19 vaccine, is in good health • Ghislaine Maxwell Has to Be Reminded to Clean Her ‘Very Dirty’ Cell, Federal Prosecutors Say
(DBN)

Capitol riot defendant alleges beating by jail guards • Man who 'repeatedly' assaulted multiple officers during Capitol riot planned, boasted on a social media account named for Trump, authorities say • Tucker Carlson defended a man accused of storming the Capitol with zip-tie handcuffs, asking for 'perspective' in how he is treated • Tucker Carlson Goes Full Revisionist On The U.S. Capitol Riot • Candace Owens compares the Capitol insurrection to the Reichstag fire. Here's why that's absurd. • Cause of death determined for four in Capitol riot •The Capitol riot defendants may be starting to turn on one another, outing far-right extremist leaders • Capitol Riot Defendant Flips to Prosecution
(DBN)

Nike suspends Deshaun Watson endorsement deal amid allegations, lawsuits • Why Nike Suspended Deshaun Watson's Endorsement Deal Instead Of Terminating It
(DBN)

Biden has yet to reunite any migrant families separated under Trump
(DBN)

Biden now wants to RESTART construction on Trump's border wall to 'plug the gaps'
(DBN)

Biden to unveil long-awaited executive action on guns • Biden to Unveil Actions on Guns, Including New ATF Boss • Biden to nominate official from gun-control group to lead ATF • Biden to Impose Firearms Restrictions, Including on ‘Ghost Guns’ • Biden unveiled 6 executive actions to curb gun violence, including model 'red flag' laws and action on 'ghost guns'
(DBN)

The Blue Wall of Silence Is Crumbling Around Derek Chauvin • Police testimony: Derek Chauvin was trained to avoid neck pressure • Did Floyd really yell, 'I ate too many drugs?' • Chauvin used his body weight to pin George Floyd's neck and never moved, use-of-force expert says • Expert: Chauvin never took knee off Floyd’s neck area • Forensic scientist found George Floyd's blood, pills in squad car
(DBN)

Suit says disciplinary counsel was wrongly fired for pro-Trump tweets about Muslims
(DBN)

Murder Suspect in California Led Police on Wild and Lengthy Chase that Ended Abruptly. The Tractor-Trailer Remains Undefeated.
(DBN)

Suspect found in South Carolina killings of 2 kids, 3 adults
(DBN)

She yelled an anti-Asian slur at a man on the street, police said. He was an undercover NYPD officer.
(DBN)

Boy, 10, Who Took Minivan And Led Police On Chase Says He Just Wanted To Buy Cheerios
(DBN)

Fearing rising intolerance and ignorance, survivors urge awareness of how Holocaust began
(DBN)

______________

Judges:

New Judge Appointed to Delaware Bankruptcy Court • Delaware's Busy Bankruptcy Court Appoints Its Newest Judge
(DBN)

BK NV: The Bankruptcy Bugle Newsletter (April 2021)
(DBN)

Stephen Breyer says packing Supreme Court could diminish public trust • Justice Breyer Insists SCOTUS Isn’t Political, Warns Against Court-Packing, and Doesn’t Talk About Retirement
(DBN)

______________

Wall Street:

S&P 500 futures hit new peak and global stocks rise as the Fed shows no sign of cutting back economic support
(DBN)

US stocks decline as investors digest volatility from Archegos meltdown
(DBN)

Threat of Higher Corporate Taxes Starts to Unnerve Investors
(DBN)

______________

Retailing:

U.S. mall vacancies jump at fastest pace on record, hitting new high: Moody’s
(DBN)

Retail Debt Risk Remains: Moody’s
(DBN)

____________

Cruise Lines:

Carnival cruise bookings surge even with fleet sidelined • Carnival Q1 loss widens but bookings rise on pent-up demand
(DBN)

Cruise Lines Are Diverting Some $56 Billion From the U.S. Economy
(DBN)

____________

Healthcare:

CDC should have updated surface-cleaning guidelines much sooner: Dr. Ashish Jha
(DBN)

Alarm sounded over 'significant' increase in Covid cases in Michigan
(DBN)

Covid Progress Stalls In Los Angeles, Orange County And Bay Area Even As State Announces Broad Reopenings
(DBN)

Florida COVID update for Wednesday: 5,885 new cases, 42 deaths as positivity bumps up
(DBN)

Coronavirus cases hold steady at 65,000 per day
(DBN)

'A moment of peril': Biden's coronavirus response collides with case spikes
(DBN)

The worst region in the world for COVID, according to the WHO
(DBN)

CDC says now-dominant variant poses risk even with nearly 20% of U.S. fully vaccinated
(DBN)

Americans Need to ‘Do Their Job’ in Vaccination Push, Psaki Says
(DBN)

B.1.1.7 Variant Now Most Common Virus Strain in U.S., CDC Says
(DBN)

U.K. restricts use of AstraZeneca vaccine in under 30s over rare blood clots • Australia Recommends Against AstraZeneca Shot for Under 50s • Mexico, Brazil won't limit AstraZeneca vaccine after UK warning
(DBN)

Hospitals are seeing more young adults with severe Covid symptoms, CDC says
(DBN)

Alabama gov to let statewide mask mandate expire Friday
(DBN)

Discarded masks litter beaches worldwide, threaten sea life
(DBN)

Biden says suicides are up because of covid. That may not have happened.
(DBN)

____________

Politics:

Cuomo Says He Knew His Family Got Special Access to Covid Tests • Cuomo accuser describes alleged groping at mansion
(DBN)

NRCC warns donors Trump will find out if they opt out of monthly donations
(DBN)

Trump endorses Alabama's Mo Brooks for Senate, a promoter of his false claims of a stolen election
(DBN)

Watchdog files complaint accusing Cruz of using campaign funds to promote book
(DBN)

U.S. Senator Manchin, in threat to Biden agenda, opposes reconciliation, backs filibuster • Manchin says there is 'no circumstance' where he would vote to get rid of the filibuster in blow to Biden agenda
(DBN)

John Boehner Destroys Trump: ‘Bloody Insurrection’ Happened Because of the Election ‘Bullsh*t He’s Been Shoveling’
(DBN)

Gallup poll shows largest increase in Democratic Party affiliation in a decade
(DBN)

The congressman and his wingman • Trump claims Gaetz 'never asked me for a pardon' • The Air Force intelligence veteran Matt Gaetz accused of extortion has denied the accusation, saying he just asked for a loan to help free a hostage in Iran • Sources: Gaetz trip to Bahamas part of federal probe into sex trafficking
(DBN)

MTG's eye-popping fundraising haul • Republicans Reveal Exactly What Marjorie Taylor Greene Stands For, Using Her Own Words
(DBN)

Law Firms Mostly Quiet in Fight Over Georgia Voting Rights
(DBN)

McConnell backs away from warning businesses to stay out of politics
(DBN)

Republicans, defending voting restrictions, point finger at blue states with laws they say are worse • FactCheck: Georgia “has more day-of voting rights than Colorado.” • Democratic governor in deep-red Kentucky signs bill to expand voting, bucking national trend
(DBN)

OAN host: “You'll probably end up in jail” if you shoot a homeless person even though they’re “running loose on the streets”
(DBN)

____________

Economy:

Fed officials expect it will be 'some time' before it starts tightening policy, minutes show • FOMC Minutes: "The path of the federal funds rate and the balance sheet depend on actual progress"
(DBN)

Dimon Says Pandemic, Racial Unrest Expose Inequality Fault Lines
(DBN)

Fed GDPNow latest estimate: 6.2 percent
(DBN)

JPMorgan CEO Jamie Dimon says bureaucracy is 'crippling' the US and hindering progress
(DBN)

U.S. companies dish out wages like never before
(DBN)

Inflation Has Gone K-Shaped in the Pandemic Like Everything Else
(DBN)

Global Food Costs Keep Climbing in Threat to Consumer Wallets
(DBN)

Forget the Other Letters—The V Shaped Recovery Is Back
(DBN)

U.S. Has Sent More Than 150 Million Checks in Biden Relief Plan
(DBN)

Budweiser urges people to get the Covid vaccine so we can return to normal
(DBN)

Biden to Sell Infrastructure Plan as Vital to Keep Up With China
(DBN)

US Deficit is Up, Worrying About It is Down
(DBN)

Trade Deficit Increased to $71.1 Billion in February
(DBN)

China as a Safe Haven Is Winning Over More Bond Investors
(DBN)

Yellen says tax plan recoups US$2 trillion in overseas profits • Treasury details Biden's plan to raise $2 trillion through corporate tax hikes
(DBN)

Biden says he wants a 28% corporate tax rate because he's 'sick and tired of ordinary people being fleeced'
(DBN)

Biden starts selling major corporate tax hikes while opening the door to a compromise • Biden says compromise 'inevitable' on infrastructure plan • Biden open to compromise on infrastructure, but not inaction • Biden could agree to a 25% corporate tax rate as a compromise with business groups, rather than the 28% he wanted, according to a report • Business group's study says corporate tax hike would cost 1M jobs
(DBN)

FactCheck: President Joe Biden’s corporate tax rate increase would "put us in line with other industrial nations."
(DBN)

McConnell looking for Democratic defections on $2.25 trillion infrastructure plan
(DBN)

New Poll Reveals Broad Support for Biden’s Corporate Tax Increase and Infrastructure Bill
(DBN)

Cuomo Says His N.Y. Tax Increases Anticipate the Repeal of SALT • New York business groups criticize corporate tax surcharge in new state budget
(DBN)

Global minimum tax momentum gains as G-20 sees mid-year deal • U.S. Offer on Global Tax Deal Would Tie Levies to Revenue
(DBN)

IMF Says Wealth Tax, Corporate Taxes Can Help Virus Recovery • IMF proposes temporary tax on wealthy to help fight inequity
(DBN)

IMF says controlling virus can raise US$1 trillion in tax revenue
(DBN)

Faster global growth driven primarily by U.S., China and India, says World Bank president
(DBN)

California Sees Spring Awakening After Over a Year in Lockdown
(DBN)

Fink Says In-Person Client Meetings Are Top Priority Post-Covid
(DBN)

US vaccine 'passports' advance despite growing controversy • Poll: 53 percent of voters support having 'vaccine passports'
(DBN)

These are the metrics that will tell us when we can safely lift restrictions
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

To Encourage Landlords to Work with Struggling Tenants, Congress Removes a Powerful Weapon Wielded by Bankruptcy Trustees
(DBN)

Does CFPB have authority to postpone foreclosures?
(DBN)

Mall vacancy rate hits another record high
(DBN)

MBA: Mortgage Applications Decrease in Latest Weekly Survey • Mortgage refinance demand drops 20% as rates rise to 10-month high
(DBN)

Some thoughts on increasing the Homeowner Housing Supply in the Short Term
(DBN)

Northwest Real Estate in March: Sales up 16% YoY, Inventory down 56% YoY
(DBN)

Manhattan Renters Scoop Up Lingering Units in Discount Frenzy
(DBN)

U.S. Property Taxes Jump Most in Four Years With Sun Belt Catching Up
(DBN)

HSBC Tells Call Center Staff They Can Permanently Work From Home
(DBN)

Pandemic Migration Made Rent Less Affordable Across the U.S.
(DBN)

Amazon Is Buying Dead Malls – and the Reason Why Is Fascinating
(DBN)

____________

Municipalities:

Illinois Wants to Use Federal Windfall to Reduce Debt, Bills
(DBN)

Is Statehood Next for Puerto Rico? It’s Complicated.
(DBN)

PR board seeks to restart revenue bond cases, set disclosure hearing
(DBN)

____________

Oil/Gas:

The wage gap that threatens Biden's climate plan
(DBN)

Biden Tax Plan Targets Fossil Fuel Subsidies Worth $35 Billion
(DBN)

Canada to Lose 450,000 Oil Jobs by 2050
(DBN)

Norway's Gas Car Sales are Nearing an End
(DBN)

____________

Mass Torts:

Sex Abuse Victims Say Boy Scouts Bankruptcy Plan Falls Short in Compensation, Details
(DBN)

____________

Food/Beverage:

For the hospitality industry, struggling to recover, it’s a moment of reckoning
(DBN)

Denver eyes open-container "entertainment districts" to boost restaurants
(DBN)

After a lost year, a sports bar hopes a new season brings it back to life
(DBN)

____________

Debt Collection:

Predatory debt collectors would be barred from government's pandemic relief loans under new bill
(DBN)

____________

Fraud:

Actor Arrested in Alleged $690M Ponzi Scheme
(DBN)

____________

Utilities:

Texas Grid Problem Exacerbated Power Failures During Blackout
(DBN)

____________

Sports:

For many U.S. Olympic hopefuls, Tokyo preparations include vaccine shots
(DBN)

____________

Education:

Applications boom, admit rates plummet: Prestige college admissions get a little crazier in the pandemic
(DBN)

Biden’s School-Reopening Plans at Risk on Sports-Tied Outbreaks
(DBN)

Nearly Half of U.S. Parents Want More Noncollege Paths
(DBN)

College students are eager to get vaccinated
(DBN)

Students' hoax Covid messages put an entire class in quarantine
(DBN)

Congress allocated $19 billion in federal stimulus money to Texas public education, but schools have yet to see an extra dime
(DBN)

____________

Biofuels:

Biofuels producers, farmers not sold on switch to electric
(DBN)

____________

Performing Arts:

Broadway’s Stagehands Struggle to Hold On Until Theaters Revive
(DBN)

____________

New Bankruptcy Opinions
(5 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (18 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (8 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:

Commercial Chapter 11 Filings Decrease 9% in March
(DBN)

Bankruptcy Filings Are Still Super Low--Don't Believe the Headlines
(DBN)

March Total Bankruptcy Filings Increase 39 Percent from Previous Month; First Quarter Bankruptcies Down 40 Percent from 2020
(DBN)

New Bankruptcies Hit 1-Year High in March
(DBN)

March 2021 Bankruptcy Statistics- State and District • March 2021 Bankruptcy Statistics- Commercial Filings (Excel)
(DBN)

Total Bankruptcy Filings, January 2020-March 2021
(DBN)

______________

Bankruptcy Crimes:

Marshall County Man Indicted On Bankruptcy Fraud Charges
(DBN)

____________

Safe Harbors:

Should the Scope of the Safe Harbor for a Constructive Trust Claim Differ Depending on Whether the the Claim Is Based on State Law or Foreign Law?
(DBN)

____________

Bankruptcy Strategy:

Pre-bankruptcy issues and the dreaded preference
(DBN)

____________

Conversion:

The Final Say: Conversion from Chapter 11 to Chapter 7 is Not a Given
(DBN)

____________

Corporate Governance:

Officers Face Personal Liability for Steering a Sale of Columbia Pipeline to a Preferred Buyer
(DBN)

____________

Aviation:

Airlines cling to hopes of summer bounce even as bookings wane
(DBN)

Survey: More than half of Americans excited for vacations once pandemic is 'under control'
(DBN)

10 countries where vaccinated Americans are allowed to travel — but it won’t come cheap
(DBN)

Airline leader blasts 'monopoly' fee hikes, citing Heathrow
(DBN)

Korea’s Eastar Jet ready to open bids for stake sale - CEO
(DBN)

____________

Hotels:

Fairmont San Jose bankrupt owners gain court wins, hotel case moves ahead
(DBN)

____________

Non-Profits:

NRA bankruptcy trial reveals strange expenditure marked 'Russia'
(DBN)

Water buffalo and elephant hunts just part of NRA head Wayne LaPierre’s job, he admits at Texas bankruptcy hearing
(DBN)

NRA chief acknowledges he did not disclose to other top officials bankruptcy plans or luxury yacht trips • NRA’s Wayne LaPierre Tells Judge He Failed to Disclose Conflicts • Embattled N.R.A. Chief Kept Bankruptcy Filing Secret From Deputies
(DBN)

____________

Pharma:

Pharmacies Face Peril Without Opioid Settlements, Judge Says
(DBN)

Judge rules pretrial against opioid firm; cites delays, lies
(DBN)

Judge rules Purdue must answer questions about documents showing any link between OxyContin, birth defects
(DBN)

____________

Climate:

White House Considering Nearly Doubling Obama’s Climate Pledge
(DBN)

Carbon dioxide levels highest they've been in over 3 million years • Co2 Levels Pass 420 PPM for First Time Ever
(DBN)

____________

Sovereigns:

G-20 Endorses Extending Debt Relief to Year-End, Malpass Says
(DBN)

____________

UK:

UK Restructuring and Insolvency Update - July 2021 Is the Month to Watch
(DBN)

Public want Prince William to be King when Queen's reign ends in blow to Charles
(DBN)

Building boom as UK construction activity hits six-year high
(DBN)

Post-Brexit violence rocks Belfast for fourth night in a week
(DBN)

____________

EU:

France Is Revving Up the Campaign for Fiscal Stimulus in Europe
(DBN)

EU Vaccine Rollout Severely Lags Behind
(DBN)

____________

PIIGS:

Restaurant owners clash with police in Rome lockdown protest
(DBN)

Italy reports 627 coronavirus deaths on Wednesday, 13,708 new cases
(DBN)

Spain to Lower 2021 Economic Forecast After Weak Start to Year
(DBN)

____________

Canada:

CIBC to keep workers home until September, add flexible policies
(DBN)

Ontario takes drastic measures against COVID variants with four-week stay-at-home order
(DBN)

Canadian Church Fenced Off by Authorities for Breaking COVID-19 Rules
(DBN)

____________

Hong Kong:

Who owes whom what? Nature of set-off under insolvency rules
(DBN)

Hong Kongers are ‘distressed’ and ‘disillusioned,’ says former ex-lawmaker
(DBN)

____________

India:

Fear of IBC resolution process slowing, say experts
(DBN)

Goldman Sachs downgrades India’s growth forecast as Covid cases spike
(DBN)

India’s Virus Epicenter Has Only Three Days of Vaccines in Stock
(DBN)

____________

Germany:

This is not the time to open, but to be strict, German minister says
(DBN)

Merkel Ally Casts Doubt on Backing for Hard German Lockdown
(DBN)

German Factories Remain Resilient to Crisis as Orders Rise
(DBN)

____________

Argentina:

Buenos Aires Bankers’ Return to Office Imperiled By Covid Surge
(DBN)

____________

Brazil:

Brazil Covid plague ‘spawning super-mutations every week that could destroy world’s fight against pandemic’ • Bolsonaro shrugs off criticism he is 'genocidal' as Brazil reports record 4,000 daily deaths • Brazil's Bolsonaro ignores calls for lockdown to slow virus
(DBN)

____________

Malaysia:

Malaysian ex-PM Najib vows to fight bankruptcy over tax bill
(DBN)

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