April 9, 2021

The Daily Bankruptcy News

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Law:

Jones Day Adds Nine U.S. Supreme Court Clerks from 2019-20 Term
(DBN)

HoLove Shows Associates Just How Much They Love ‘Em!
(DBN)

DLA Piper, Hogan Lovells and Walker Morris give 'thank you' bonuses
(DBN)

Top-Ranked Biglaw Firm Announces Market Bonuses, But Only For Associates In Some Offices
(DBN)

Should We Still Say ‘Cravath Scale’ If Other Firms Pay More? • Why Is The 'Cravath Scale' Still A Thing When There Are New Compensation Leaders In Town?
(DBN)

Skadden Names New Restructuring Partner
(DBN)

Lots Of Biglaw Firms Saw Attorney-Client Relationships Take A Hit In 2020
(DBN)

Mclaughlin & Stern, LLP Expands Bankruptcy & Restructuring Group
(DBN)

Students Are Doing Incredibly Well On The LSAT At These Law Schools
(DBN)

Lawyering Has Changed A Lot In The Past Decade
(DBN)

A ‘Bank Run’ At Notre Dame Law School
(DBN)

2022 U.S. News Omnibus Specialty Rankings
(DBN)

'No off switch': Homeworking is causing longer and more unpredictable hours, say lawyers
(DBN)

Firm announces staff can work where and when they like
(DBN)

Legal’s Pandemic-Fueled Automation Binge Isn’t Going Away
(DBN)

Four Things to Learn From the People Who Saved Law Firms
(DBN)

Law Student Climate Change Activists Target Gibson Dunn
(DBN)

Morgan Lewis Sues Pierce Bainbridge for $430K in Past Due Rent
(DBN)

'You Just Don't Get Me': Disconnect Between GCs and CEOs on Technology, Workloads Revealed in E&Y Survey
(DBN)

Playing Career Jeopardy
(DBN)

Lessons From COVID-19: What Is A Lawyer, Anyway?
(DBN)

Yale Law School Strips Amy Chua Of 1L Group For Repeated Violations • Tiger Mom Amy Chua Gets Spanked by Yale Law School
(DBN)

For the second year in a row, Alabama's admissions standards (partially) trump Yale's
(DBN)

Senior associate at Linklaters' alliance firm outs himself for sexually harassing colleague
(DBN)

Expert says Floyd died from 'low level of oxygen' after officer had knee on neck for 'vast majority of the time' • Respiratory expert says preexisting conditions did not cause George Floyd's death • Breathing expert estimates half of Chauvin's weight was on Floyd's neck • Ex-Minneapolis Police Chief Speaks Out on Derek Chauvin Trial and 'Systemic Racism' on the Force • 'No Way Around That': Derek Chauvin's Defense Lawyer Fails to Poke Holes in Expert Pulmonologist's Account of George Floyd's Death
(DBN)

Biden calls for ban on assault weapons, high-capacity magazines • Biden Flubs the Constitution and Mischaracterizes Other Laws While Touting Gun Reform Measures • US gun violence 'an international embarrassment,' says Biden • West Virginia attorney general threatens to sue Biden over gun measures • Biden: If I could do one thing on guns, I would allow people to sue gun manufacturers • Private sales emerge as obstacle to Senate action on guns • President Biden Announces New “Red Flag” Rule Fit For Hunter Biden
(DBN)

Trump Organization adds veteran criminal defense attorney • Trump Hires Criminal Defense Attorney Who Previously Partnered With Prosecutor Investigating His Business Dealings
(DBN)

Manhattan district attorney seizes evidence from Trump executive's former daughter-in-law
(DBN)

Sidney Powell Played Herself With Bold Claim No One Should Believe Her
(DBN)

Stephen Miller launches legal group to block Biden agenda in court
(DBN)

House pushes back as DOJ proposes delay in McGahn subpoena case
(DBN)

Migrant encounters up 71% in March as Biden administration grapples with border • Number of kids alone at border hits all-time high in March • Explainer: Is the US border with Mexico in crisis? • Biden team speeds processing as border numbers near record high • El Salvador president refuses to meet senior US diplomat: report • Poll: More voters say Biden, not Trump, is responsible for border crisis • Texas' Greg Abbott Calls Immigration Facilities 'a Nightmare,' Demands Investigation • Nancy Pelosi Sparks Backlash for Saying Border on a 'Good Path' Under Biden • Ted Cruz Mocks Kamala Harris for Going to a Bakery and Not the Border • Dangerous migrant journey leaves dozens of kids stranded, abandoned • Biden administration spending $60 million per week to shelter unaccompanied minors • Policy changes help drive US migrant crossings to new highs • Their Lawsuit Prevented 400,000 Deportations. Now It’s Biden’s Call.
(DBN)

Cops: Michigan Home Inspector Had His Way With Elmo Doll In Residence's Nursery
(DBN)

NFL player Phillip Adams killed 5, then himself
(DBN)

After its members were charged in the Capitol riot, one group says it is more popular than ever • White Supremacist Charged with Threatening Nancy Pelosi, Chuck Schumer and AOC Could Face Testimony by U.S. Capitol Police and House Sergeant at Arms • QAnon YouTube Influencers Remain Online Despite Promotion of Capitol Riot • America’s Next Insurgency
(DBN)

New Mexico Ends Police Qualified Immunity
(DBN)

Pennsylvania attorney general warns of 'dangerous' market for false vaccination cards
(DBN)

Texas’ Distanced Juries Hit Big Tech With $3.7 Billion of Awards
(DBN)

Police called to Prince Harry and Meghan's California home nine times in as many months
(DBN)

Tennessee Lawmakers Move Forward With ‘Laughably Unconstitutional’ Anti-Free Press Bill
(DBN)

Texas Senate OKs sweeping protections against COVID-19 lawsuits for businesses, health care providers
(DBN)

Supreme Court nixes Alex Jones' appeal in Newtown shooting case
(DBN)

Left-wing prosecutors hit fierce resistance
(DBN)

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Judges:

Breyer Refuses To Call Conservative-Majority Supreme Court 'Conservative'
(DBN)

Progressives Push Back on Breyer for Court Packing Comments
(DBN)

Trump-era grievances could get second life at Supreme Court
(DBN)

Husband of high court candidate begins prison sentence
(DBN)

MI: Supreme Court Justice is Living in Dubai
(DBN)

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Wall Street:

Futures little changed after S&P 500 hits fresh record
(DBN)

Biden's tax hike could drag S&P 500 profit growth to a near-standstill next year, says Goldman's chief US stock strategist
(DBN)

Barclays Reworks Policies to Help Its Junior Investment Bankers • Bank of America Plans to Boost Salaries for Its Junior Investment Bankers
(DBN)

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Layoffs:

Manufacturers embrace robots, the perfect pandemic worker
(DBN)

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Hedge Funds:

Sherrod Brown Seeks Answers From Banks Linked to Archegos
(DBN)

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Maritime:

Egypt Will Release Ship That Blocked Suez Canal Once Compensation Deal Reached
(DBN)

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Politics:

Key figure in Gaetz saga to cooperate with feds: reports • Gaetz's female staffers defend boss amid DOJ probe • Here's What We Know Right Now About Matt Gaetz's Indicted Tax Collector Friend Joel Greenberg • Trump reportedly had to be talked out of defending Matt Gaetz because the allegations against him were so serious • Gaetz Paid Accused Sex Trafficker, Who Then Venmo’d Teen • Joel Greenberg Is Poised to Plead Guilty. His Attorney Said Matt Gaetz Is Probably on Edge Right Now.
(DBN)

PolitiFact: '60 Minutes' DeSantis video may be 'deceptive editing'
(DBN)

Who are 'White Lies Matter'? Meet the mysterious group behind the theft of the Jefferson Davis chair
(DBN)

U.S. Companies Push Case for Ballot Access After Georgia Fumble
(DBN)

Texas Could Lose Billions If Voting Restrictions Become Law, Study Finds
(DBN)

The Truth About Georgia's New Voter Law
(DBN)

Bowing to Trump? GOP brings leaders, donors to his backyard
(DBN)

Gerrymandering Your Way Back to Majority
(DBN)

Trump Relaunches Fundraising Machine
(DBN)

The Rise and Decline of the Executive Order
(DBN)

Internet Made Stupid, Angry Stuff Mainstream
(DBN)

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Economy:

Billionaire JPMorgan boss Jamie Dimon says there's an 'extraordinary number' of tax loopholes that help the rich, and he kind of sounds like Joe Biden
(DBN)

Powell: 'We're not going back to the same economy'
(DBN)

Half of small businesses unlikely to hire back workers they let go
(DBN)

Jobless claims tick up to 744,000 • Weekly Initial Unemployment Claims increased to 744,000 • US jobless claims up to 744K as virus still forces layoffs • Jobless claims are on the rise again. But that doesn't mean the recovery is doomed
(DBN)

Millions of Americans will struggle to get back into the workforce and they'll need support, Fed's Powell says
(DBN)

America’s population growth looks to be the slowest since 1918
(DBN)

4 charts show how the U.S. is on track for a faster economic recovery than Europe
(DBN)

Global M&A activity hits first quarter record as pandemic concerns fade
(DBN)

NACM’s March Credit Managers’ Index Better Than Expected
(DBN)

America's biggest boom since 1946
(DBN)

Powell says uneven global vaccination rollout is recovery risk
(DBN)

Health officials split on rapid COVID-19 tests as admission tickets
(DBN)

Intel community warns of fragile future shaped by pandemics, climate change • Grim view of global future offered in intelligence report
(DBN)

AAR: March Rail Carloads up 4.1% YoY, Intermodal Up 24.0% YoY
(DBN)

G-20 hoping to agree on minimum corporate tax rate in July
(DBN)

How Biden stimulus bill will target homelessness
(DBN)

We tested the first state 'vaccine passport' at Yankee Stadium. It's not quite a home run.
(DBN)

Denver’s Bar Max Requires Proof Of COVID Vaccination For Indoor Service
(DBN)

Republican Governors Are Banning Vaccine Passports. Here's What It Means.
(DBN)

Employee benefits in the post-vaccine world are changing
(DBN)

San Francisco residents are fleeing to Texas and Florida at record levels, data shows
(DBN)

Biden Should Stick to Traditional Infrastructure, CEO Group Says
(DBN)

Mapping the Highest Paid Professions in Each State
(DBN)

New York to offer COVID relief payments up to $15,600 for undocumented workers
(DBN)

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

A once-in-a-lifetime realignment
(DBN)

Biden’s Big Government Should Be Handled With Care
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

The $50 billion race to save America's renters from eviction
(DBN)

New Hampshire Real Estate in March: Sales Down 1% YoY, Inventory Down 64% YoY
(DBN)

Fixed mortgage rates fall for the first time in 7 weeks • U.S. Mortgage Rates Drop to 3.13% in First Slide Since January
(DBN)

Westchester’s Suburban Homes Are Still the Rage as NYC Reopens
(DBN)

Firms Are Betting That Europe’s Offices Have a Long Future Ahead
(DBN)

BigLaw Can Join BigBusiness in Devastating Economy of Metro Areas
(DBN)

After Pandemic, Shrinking Need for Office Space Could Crush Landlords
(DBN)

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Municipalities:

Puerto Rico Seizes on Junk-Bond Rally With $1.8 Billion Sale
(DBN)

New York’s wealthiest look for exits as state readies hefty tax increase
(DBN)

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Oil/Gas:

Diamond Offshore $2B Ch. 11 OK'd After Compromise Is Axed
(DBN)

Repsol to Furlough Refinery Staff on Energy Transition Concerns
(DBN)

Electric-Vehicle Shift Becomes Life-or-Death Risk for Automakers
(DBN)

85% of Cars Sold in Norway Last Mont Were EVs
(DBN)

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Autos:

General Motors halts production at more factories as global semiconductor shortage worsens • GM car prices surge as more plants close during the chip shortage • GM and Ford cutting production at several North American plants due to chip shortage
(DBN)

Why your next rental car might cost more than a plane ticket
(DBN)

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Non-Profits:

Wayne LaPierre Admits Living High On NRA’s Dime, But Claims Only He Can Keep ‘Charity’ Solvent
(DBN)

NRA on Trial — Day 4: LaPierre’s Travel Agent Said in Video Deposition That LaPierre Instructed Her to Omit Embarrassing Details From Travel Invoices, as NRA CEO LaPierre Wraps Up Testimony
(DBN)

NRA’s Wayne LaPierre Concedes He Was Disciplined for ‘Excess Benefits’ on Second Day of Bankruptcy Testimony
(DBN)

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Fraud:

How Indiana University Bros Fueled A Hollywood Actor’s $690 Million Ponzi Scheme • SEC Alleges California Actor Ran $690 Million Ponzi Scheme Reselling Film Rights
(DBN)

Investors' lawyer suspects bankrupt mortgage lender of $31M Ponzi scheme
(DBN)

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Hotels:

Hotels: Occupancy Rate Down 16% Compared to Same Week in 2019
(DBN)

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Cruise Lines:

DeSantis Says Florida Suing Federal Government to Allow Cruises • Florida sues CDC to allow cruises to resume U.S. sailings, industry asks to be treated like airlines • Gov. DeSantis Says Biden Administration ‘Singled Out’ the Cruise Industry with COVID Restrictions in New Lawsuit
(DBN)

Carnival Cancels Cruises, 'May Have No Choice' But to Pull Out of U.S.
(DBN)

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Retailing:

Retail defaults to decline — but will still be high: Moody's
(DBN)

Tailored Brands left bankruptcy and quickly unraveled. What's next?
(DBN)

Retail’s ‘Chapter 22’ Risks During the Pandemic
(DBN)

Stein Mart Chapter 11 confirmation expected next week
(DBN)

Retail in a post-COVID world: We need to go back to the way we were
(DBN)

Bankruptcy Filings Surged Last Month — But Could Fashion Retail’s Darkest Days Be Over?
(DBN)

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Event Facilities:

For Operators Of Shuttered Arts Venues, Financial Assistance Arrives At Last
(DBN)

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Mass Torts:

Proposed PROTECT Asbestos Victims Act Seeks to Prevent Fraud and Preserve Victim Compensation
(DBN)

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Crypto:

Flash Crashes, Fraud, Fugitives, and the Cred, Inc. Bankruptcy
(DBN)

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Food/Beverage:

Anthony Fauci reveals which activities he will and won't do now that he's vaccinated - and indoor restaurants are still a no
(DBN)

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New Bankruptcy Opinions
(2 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Adversary Proceeding Filings (16 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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Bankruptcy Statistics:

US corporate bankruptcy tally spikes to 61 in March
(DBN)

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Proofs of Claim:

Secured Creditors’ State Court Rights Affected By Proof of Claim Choices
(DBN)

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Automatic Stay:

Automatic Stay: Does Not Exist For Small Business Cases Dismissed And Refiled in Two Years (In re Abundant)
(DBN)

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Finance:

SBA Clarifies PPP Loans and Bankruptcy
(DBN)

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Aviation:

Booking CEO Says Vaccine Passport Would Help Travel Rebound
(DBN)

Airbus deliveries are said to accelerate with about 72 in March
(DBN)

World travel isn't simple, even for the vaccinated
(DBN)

More Middle East airlines face bankruptcy risks with each month of uncertainty: IATA
(DBN)

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Labor:

Amazon takes early lead as union vote count gets underway • Amazon lead widens in union vote at Alabama warehouse
(DBN)

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Pharma:

Purdue Wants Another Month's Reprieve From Opioid Suits
(DBN)

For Him, the Delight Is in the Digging
(DBN)

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Climate:

Biden Plans to Order Climate Risk Strategy for Financial Assets
(DBN)

House GOP Planning Climate Package to Counter Democrats
(DBN)

Colorado Faces ‘Pretty Rough’ Wildfire Risk After Historic Year
(DBN)

Atlantic Faces Another Wild Hurricane Season After Record 2020
(DBN)

La Nina Is Fading But California, Gulf Coast Still Face Risks
(DBN)

Methane Levels Skyrocketing in Atmosphere
(DBN)

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Taxis:

Drivers Sue Over Sky-High NYC Taxi License Costs
(DBN)

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Healthcare:

Employers now required to pay 100% of COBRA premiums
(DBN)

Fauci says new Covid-19 cases are at a disturbing level as the US is primed for a surge
(DBN)

Rise of coronavirus variants will define the next phase of the pandemic in the U.S.
(DBN)

Michigan Cases Surge to Worst in Nation as Variants Multiply
(DBN)

America may be close to hitting a vaccine wall
(DBN)

Countries worldwide hit new records for virus cases, deaths • Brazil, India now seen as worst COVID-19 hot spots
(DBN)

Governments give varying advice on AstraZeneca vaccine • Australia halts AstraZeneca vaccine for most people under 50 • Getting AstraZeneca's shot is safer than flying on a plane, experts say - the bigger problem is an 'explosion of vaccine skepticism'
(DBN)

Supporters tout anti-parasite drug as covid-19 treatment, but skeptics call it the 'new hydroxychloroquine'
(DBN)

Americans hit the road to get vaccinations, giving new meaning to the term 'covid long-haulers'
(DBN)

Congrats on the vaccination. You still need to keep your mask up.
(DBN)

Trump-loving Alabama county faces uphill vaccination effort
(DBN)

March of the Living honors medical workers battling COVID-19
(DBN)

Russia Demands Vaccine Shots Back After Slovakia Doubts Quality
(DBN)

CDC declares racism "a serious public health threat"
(DBN)

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Education:

NYC Changes Rule for School Closings to Four Cases in a Week
(DBN)

Teachers are vaxxed, the science is clear: Stop abusing our children and open the schools
(DBN)

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UK:

Pre-Pack Sales to Connected Parties – FAQs
(DBN)

Days of violence in Northern Ireland blamed in part on Brexit • N Ireland leaders call for calm after violence escalates • Rioters ignore pleas for calm as violence flares in Belfast
(DBN)

U.K.’s Sunak Told Cameron He ‘Pushed’ Treasury Over Greensill
(DBN)

Covid cases plunge in all age groups as rates reach levels not seen since July
(DBN)

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EU:

Europe Rights Court Backs Obligatory Vaccinations
(DBN)

EU Exports 80 Million Vaccines With Japan and the U.K. Getting Most
(DBN)

ECB's Lagarde says ambitious, coordinated fiscal aid remains crucial
(DBN)

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PIIGS:

Death tolls suggest that Italy may be vaccinating the wrong people
(DBN)

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Canada:

Canada Regulator Eyes Tougher Mortgage Rules Amid Bubble Fears
(DBN)

52% of Albertans say they’re $200 or less per month away from not paying all bills: MNP • Half of Canadians within $200 of not being able to cover bills, debt payments: survey
(DBN)

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India:

Government doesn’t see rush of MSME insolvency cases
(DBN)

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Venezuela:

Venezuelan mayor marks homes of COVID patients with red symbol
(DBN)

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Germany:

German CFOs Expect Return to Pre-Crisis Revenues This Year
(DBN)

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MENA:

Creditor claims against Abu Dhabi's NMC Healthcare now at $6.4b, could add another $650m • NMC Health on track to exit ADGM administration in first half
(DBN)

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Argentina:

IMF sees uncertainty around Argentina's economic policies -official
(DBN)

Stoneway Capital Corporation and Mezzanine Lenders Enter into an Amended and Restated Restructuring Support Agreement with Ad Hoc Group of Noteholders to Effect the Restructuring of Existing Notes
(DBN)

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