August 27, 2021

The Daily Bankruptcy News

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Law:

LeClairRyan bankruptcy trustee targets firm co-founder, compares firm to movie 'Weekend at Bernie's' • LeClairRyan Co-Founder Blamed for ULex Partnership in New Claims
(DBN)

Big Law Hiring Practices Bring Shortages as Client Demands Grow
(DBN)

The Biglaw Firms That Offered The Best Remote Work Experiences During The Pandemic
(DBN)

Median salaries reach all-time high for class of 2020 law grads, while employment rate drops slightly
(DBN)

Law School Class Of 2020 Prevailed In Jobs & Salary Outcomes, Despite Pandemic
(DBN)

Shutts & Bowen Names New Bankruptcy Practice Head
(DBN)

Biglaw Firm Eliminates Jobs For Second Time In A Year
(DBN)

Deep Applicant Pool Yields Record-Breaking Diversity At Top Law Schools
(DBN)

This self-proclaimed 'Stepford wife' retrained as a lawyer in her 40s. Still practicing at 72, she insists nobody is too old to make a 'life-affirming' career change.
(DBN)

COMES NOW, Single Parent And Solo Attorney, And States: How To Be Everywhere At Once
(DBN)

Minnesota lifer may be first woman to take proctored LSAT in prison
(DBN)

Seven Years After Dan Markel's Murder, Katherine Magbanua's Attorneys Seek Delay In October Trial Due To COVID Concerns
(DBN)

South Dakota AG gets fines, no jail time in pedestrian death • State AG Killed A Guy... Judge Fines Him $1,000 • South Dakota AG No-Shows Sentencing Hearing Where He Got No Jail Time After Killing a Man in Car Crash. The Victim's Family Called Him 'Cowardly.'
(DBN)

Ex-Client Gets Trial Against Lawyers Who Helped Him Sue Ex-Wife
(DBN)

Judge sanctions pro-Trump lawyers for election suit, cites ‘guesswork’ affidavits and unwarranted claims • Kraken Legal Team Gets Flayed In Scathing Sanctions Order • Michigan Lawyers Outline Aftershocks of 'Kraken' Sanctions Ruling, Ranging from 'Investigatory Hearing' on Sidney Powell’s 'Bar License' to Unresolved Fight Over Fees • Sidney Powell To Face Texas State Bar Investigation—Potentially Leading To Her Disbarment
(DBN)

Giuliani Says His Election Fraud Claims Are ‘Substantially True’
(DBN)

Mike Lindell Asks Federal Appeals Court to Help End Dominion Voting Defamation Lawsuit
(DBN)

'I Have No Idea': Brother of Devin Nunes Reportedly Stumped as to How Pro-Trump Republican's Family Is Funding Their Lawsuit
(DBN)

Seven Capitol Police officers sue Trump over Jan. 6 riot • Police Officers Who Were Attacked During Capitol Siege Sue Donald Trump, the Proud Boys, the Oath Keepers, and Roger Stone • Capitol Police Lt. Michael Byrd speaks out on fatal shooting of Ashli Babbitt
(DBN)

Jan. 6 Committee Wants TX AG Paxton's Emails
(DBN)

'We live in fear': Over 6,000 migrants in Mexico have been violently attacked
(DBN)

Biden urged to scrap Trump ‘Remain in Mexico’ migrant policy after court ruling
(DBN)

Federal Judge Debunks Greg Abbott's COVID-Fighting Rationale, Blocks Texas Governor's Ban on Transporting Migrants
(DBN)

Is chalking tires a Fourth Amendment violation? Exception doesn’t protect city, 6th Circuit says • Federal Appeals Court Rules Parking Police Practice of 'Chalking Tires' in Michigan City Is Unconstitutional
(DBN)

Body-cam footage shows police shoot a 'playful' puppy
(DBN)

2 Black men accused Walmart of racial discrimination, saying they were handcuffed and accused of stealing when they tried to return a TV
(DBN)

Dead Body on a Gurney Rolled Out of Mortuary Van as a Suspect Fled Police in Georgia and Somehow Managed to Escape: Cops
(DBN)

Portland gunfight fuels alarm over growing use of weapons at rallies
(DBN)

Virginia school board to pay $1.3 million to transgender Gavin Grimm for denying access to bathroom
(DBN)

North Florida prisons to close amid staff shortages
(DBN)

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Judges:

D.C. judges express frustration about possible leniency in Capitol riot cases
(DBN)

Judiciary Informs Congress of Its Opposition to Judiciary Workplace Rights Bill • Comments on body parts, questions about pregnancy: Court filing alleges ongoing harassment in judiciary
(DBN)

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Wall Street:

US stock futures rally after slipping from record highs, as all eyes turn to Fed Chair Powell's speech
(DBN)

Warren Buffett's favorite market indicator hits 205%, signaling stocks are way too expensive and a crash may be coming
(DBN)

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Layoffs:

Future: You'll Share Your Work with Robots
(DBN)

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Fraud:

Elizabeth Holmes Wants Jury Vaxxed and Untainted by ‘Bad Blood’
(DBN)

Feds charge tech founder Manish Lachwani with fraud
(DBN)

Judge Postpones Trial in We Build the Wall Fraud Case for Nearly Half a Year
(DBN)

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Autos:

U.S. August auto sales to fall as supply constraints continue - J.D. Power, LMC Automotive
(DBN)

Shanghai Airport Cargo Snarl Blamed by Mazda for Factory Halts
(DBN)

U.K. Carmakers Besieged by Shortages in Worst July Since 1956
(DBN)

TSMC is raising chip prices as supply shortages continue
(DBN)

____________

Sports:

NFL Broadcasters Face Crucial $105 Billion Stress Test as New Season Kicks Off
(DBN)

Buffalo Bills receiver fined for breaking mask policy for unvaccinated players
(DBN)

____________

Retailing:

Online shopping used to be immune to inflation. Not anymore
(DBN)

What retail executives are saying about widespread supply chain bottlenecks
(DBN)

Dollar Tree Bemoans Freighter Delay of Two Months for Covid Case
(DBN)

____________

History:

The most ridiculous historical arguments denying women the right to vote
(DBN)

____________

Tech:

Apple CEO Poised to Get $750 Million Final Payout From Award
(DBN)

Elon Musk’s Net Worth Rose 600 Percent to 175 Billion During the Pandemic
(DBN)

US billionaires' collective wealth grew enough during the pandemic to pay off the $1.7 trillion student debt crisis
(DBN)

____________

Festivals:

The Sturgis Motorcycle Rally Was a Total COVID Disaster—Again
(DBN)

____________

Music:

Kanye West Fans to Be Offered Vaccines at Next ‘Donda’ Event
(DBN)

Music industry weighs vaccine mandates, but politics collide
(DBN)

____________

Healthcare:

"I've never seen so much death in my career": Oregon hospital packed with COVID patients as cases surge
(DBN)

August 26th COVID-19: Over 1,200 Deaths, Almost 90,000 Hospitalized, 165,000 Cases Reported Today
(DBN)

Wisconsin lawmaker who opposed mandates before testing positive now on ventilator
(DBN)

100,000 more COVID deaths seen unless US changes its ways
(DBN)

As hospitals fill, more ambulances forced to wait
(DBN)

7 Northern California counties seeing record COVID-19 hospitalizations
(DBN)

Texas Supreme Court Allows Mask Mandate Ban to Remain For Now
(DBN)

US breaks 100K COVID-19 hospitalizations threshold for first time since January
(DBN)

Third Wave of Africa Covid-19 Cases Has Stabilized, WHO Says • Lawmakers urge Biden Admin to send 100 million more vaccine doses to Africa
(DBN)

Going against FDA warnings, Arkansas physician gives anti-parasite drug to jail inmates with COVID-19 • Facebook's Ivermectin Groups Are Unhinged and Out of Control
(DBN)

Nebraska job ad for nurses touts lack of vaccination requirement
(DBN)

In Covid ICUs, doctors see a surge in critically ill pregnant women
(DBN)

Half of Americans say they’d avoid an HIV-positive doctor
(DBN)

____________


Economy:

Weekly Initial Unemployment Claims increase to 353,000 • US jobless claims rise by 4,000 to 353,000
(DBN)

Latest Covid Surge Is Slowing Job Applications, Fed Survey Shows
(DBN)

Q2 GDP Growth Revised up to 6.6% Annual Rate • U.S. second-quarter growth raised; corporate profits surge
(DBN)

Fed’s George Says Time to Get Taper Started, Despite Delta Risk
(DBN)

Bridgewater’s Jensen Says Fed Taper Will Be Faster Than Expected
(DBN)

Unemployment cliff looms as 7.5 million Americans to lose aid by Labor Day: "The knife in the chest"
(DBN)

Democrats set aggressive timeline to pass Biden's multitrillion-dollar plans, with pitfalls • $3.5T or bust? Sanders goes all-out to protect Dems' social spending plans • McConnell: Democrats plotting 'complete assault' on economy • Democrats brace for new spending fights over Biden agenda
(DBN)

Half of US workers favor employee shot mandate: AP-NORC poll
(DBN)

Most Big Hedge Funds Mandate Vaccinations for Return to Offices
(DBN)

World Bank Postpones Broader Return to Office Until January
(DBN)

Illinois governor to announce mask mandate, order vaccines for schools - reports • Illinois will require masks indoors for everyone and educators must get shots or face testing.
(DBN)

Abbott bans Covid vaccine mandates in Texas, regardless of FDA approval status
(DBN)

Kentucky governor says he'd issue mask mandate if he had the authority
(DBN)

The hybrid work revolution is already transforming economies
(DBN)

The World Economy’s Supply Chain Problem Keeps Getting Worse
(DBN)

MetLife’s Matus Says U.S. Economy Needs Supply Chain Fix to Boom
(DBN)

Bottlenecks at an adult tricycle company illustrate continuing economic challenges.
(DBN)

American manufacturers have some work to do
(DBN)

An August record in the CLO market
(DBN)

How to Prepare for What's Next for the U.S. Economy
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

Supreme Court halts Biden eviction moratorium • Conservative Justices End CDC's Eviction Moratorium Extension: Congress 'Must Specifically Authorize' a New One • White House Calls for 'Urgent' Action to Prevent Evictions After Supreme Court Decision
(DBN)

One mind-blowing chart shows the death of the American starter home over the last 2 decades
(DBN)

Mortgage rates hold steady at 2.87%
(DBN)

Calif. Homebuyng Affordability Near Lows
(DBN)

Report: Evidence of extensive corrosion in collapsed condo
(DBN)

Tracking the Influx of Mall Value Reductions
(DBN)

Manhattan’s Once-Prized Walkable Areas Miss Out on Housing Boom
(DBN)

San Francisco Luxury Tower Still Sinking
(DBN)

____________

Municipalities:

Ignoring Puerto Rico's political status is a mistake, advocates tell Biden
(DBN)

____________

Oil/Gas:

Investment bank touts bankrupt oil refinery restart with 'minimal' investment -document
(DBN)

Alaska’s Oil Industry May Be On Its Last Legs
(DBN)

Oil producers push Democrats to preserve key drilling deduction
(DBN)

Which U.S. States Are Most Dependent On Fossil Fuels?
(DBN)

The Permian Is Set To Thrive Through 2025
(DBN)

____________

Tax:

Manhattan, Marin County Residents Pay Most in State, Local Taxes
(DBN)

____________

Distressed Investing:

Oaktree Seeks Hidden Gems in a World of Low Returns, Marks Says
(DBN)

____________

Education:

Public schools have seen a massive drop in enrollment since the start of the pandemic
(DBN)

At least 90,000 students have had to quarantine because of COVID-19 so far this school year
(DBN)

Texas Supreme Court sides with Abbott in blocking San Antonio's school mask mandate
(DBN)

Pandemic windfall for US schools has few strings attached
(DBN)

Texas father strips down to swimsuit to take stance on school mask mandates
(DBN)

Maskless dad assaulted student who confronted him, police say
(DBN)

____________

Agribusiness:

Climate Change Speeds Up U.S. Harvest, Giving Oil Unlikely Lift
(DBN)


Influencer Says She Lost 122 Pounds While Eating Meat. She Worked for Big Beef.
(DBN)

____________

Student Debt:

Biden's Education Dept. just wiped out $1.1 billion in student debt for 115,000 defrauded borrowers
(DBN)

$1.1B in loan relief announced for students of now defunct ITT
(DBN)

____________

Climate:

Greenland Ice Sheet's melt ponds tell the story of an unusual summer
(DBN)

The Arctic Circle saw record-high temperatures in 2020, NOAA report finds
(DBN)

Schumer's high-stakes climate play
(DBN)

Part of California’s Wildfire Problem Could Be Solved by a Few Legal Changes
(DBN)

California Fire Edges Closer to Lake Tahoe, Forcing Evacuations
(DBN)

Drought, fires and politics put Biden's California water plans on hold
(DBN)

Redfin report: Americans are moving to places with higher climate risk
(DBN)

Climate Change is Accelerating
(DBN)

____________

Religion:

The New Chief Chaplain at Harvard? An Atheist.
(DBN)

____________

Transit:

Where Are Workers Making the Longest Commutes?
(DBN)

____________

Politics:

Poll shows wide differences in opinion by news consumption
(DBN)

Mike Pompeo takes his own arrows over the Afghanistan collapse • Trump's former national security advisor John Bolton says it's 'impossible' for Mike Pompeo to 'rewrite history' on his negotiations with the Taliban
(DBN)

Former advisor to Mike Pence warned in 2020 that Trump was setting up another 'Benghazi'
(DBN)

Joe's nightmare choice on whether to leave troops to attack ISIS-K or pull them out by August 31: As Biden orders Pentagon to plan strikes - how can he 'hunt down' the terrorists behind the double suicide blast? • The darkest day of Joe Biden’s presidency • Horror in Kabul is political disaster for Biden • Biden presses Fox's Doocey about Trump-Taliban deal • The White House says it is 'not a day for politics' amid calls for Biden's resignation after the Kabul suicide bombings
(DBN)

Florida poll: 53 percent disapprove of Biden’s job performance
(DBN)

GOP faces hurdles in push to make Afghanistan matter in the midterms
(DBN)

Arizona judge orders Cyber Ninjas to preserve all records in 2020 election audit • Arizona AG threatens Maricopa County funds over election audit
(DBN)

Why are So Many US Marines Neo-Nazis?
(DBN)

New Laws Have Basically Ended Voter Registration Drives In Some Parts Of The U.S.
(DBN)

Texas Legislature Set to Debate Controversial Voting-Rights Bill
(DBN)

Biden Tests Black Voters’ Loyalty as Election, Police Laws Stall
(DBN)

____________

 
New Bankruptcy Opinions
(6 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (29 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (10 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:

Bankruptcy Filings Down in 1H 2021 after a Pandemic-Driven Spike in 2020
(DBN)

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Avoidance:

Homestead Exemption vs. Avoided & Preserved Mortgage (In re Travers; In re Cancel & Gonzalez)
(DBN)

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Satellites:

Intelsat needs more than a debt restructuring to fly
(DBN)

____________

Aviation:

Southwest Airlines Trims Flying Schedule After Worker Outcry
(DBN)

Airline Lobby Urges Global Adoption of EU Vaccine Passports
(DBN)

India Lifts Boeing 737 Max Ban, Leaving China as Final Hurdle
(DBN)

Qantas Cites ‘Pent-Up Demand’ as It Lays Out Overseas Restart
(DBN)

Air New Zealand Posts Second Annual Loss, Suspends Guidance
(DBN)

Demand for Airline Fuel Surges in India With Rebound in Tourism
(DBN)

Interjet eyes comeback after $1.25 billion Mexico restructuring
(DBN)

____________

Conventions:

Las Vegas Visitor Authority for July: Convention Attendance N/A, Visitor Traffic Down 10% Compared to 2019
(DBN)

____________

Celebs:

RHOBH’s Erika Jayne accused of raking in $242K from state lottery then refusing to give up the cash in bankruptcy case
(DBN)

____________

Pharma:

Swamped by Thousands of Opioid-Related Lawsuits, Malvern’s Endo Hires Restructurer
(DBN)

Rite Aid settles bellwether opioid case with Ohio counties
(DBN)

____________

Hotels:

Hotels: Occupancy Rate Down 9% Compared to Same Week in 2019
(DBN)

____________

Mining:

Centerra units file motion seeking penalties against Kyrgyzstan government
(DBN)

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Mass Torts:

U.S. judge declines to stop J&J from splitting talc liabilities from main business • J&J Defeats Effort to Block Texas Corporate Restructuring Move
(DBN)

Ruling on Purdue Pharma opioid settlement pushed back to next week
(DBN)

____________

Sovereigns:

Buenos Aires Swap Gets 90% Support After $7 Billion Default
(DBN)

Argentina's largest province to restructure $7 bln debt after long negotiation
(DBN)

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UK:

UK Court Sanctions First “Mid-tier” Company Restructuring Plan
(DBN)

U.K. Labor Shortage Leaves Consumer Businesses Gloomy, CBI Says
(DBN)

UK Has Lost 83% of Department Stores
(DBN)

London Dating App Shows Millennial Workers Returning to Offices
(DBN)

Police tell shoppers to throw away food from 3 London grocery stores after a man was arrested on suspicion of injecting items with an unknown substance
(DBN)

U.K. Upgrades Canada to Travel Green List, Leaves U.S. Unchanged
(DBN)

Activists linked to Extinction Rebellion cover Buckingham Palace fountain in blood in protest against Royals
(DBN)

Diabetes crisis 'threatens to bankrupt NHS': One in every eight pounds spent on prescriptions is to treat the disease, experts warn
(DBN)

____________

Japan:

Thousands of Covid Patients Are Being Turned Away From Japan’s Hospitals
(DBN)

____________

China:

Evergrande EV Unit Loses $80 Billion in World’s Worst Stock Rout
(DBN)

China’s Communist Party Vows to Both Grow and Share Economic Pie
(DBN)

China’s Regulatory Crackdowns Are Already Hurting the Economy
(DBN)

____________

South Korea:

Bank of Korea Hikes Rate as Debt Risks Outweigh Virus Woes
(DBN)

____________

New Zealand:

Strict Lockdown Is Working Despite Delta Cases Rising, Ardern Says
(DBN)

____________

Australia:

Sydney’s Worsening Delta Surge Forces State to Extend Lockdown
(DBN)

Sydney hospitals erect emergency tents as COVID-19 cases hit record
(DBN)

____________

Singapore:

Singapore’s Reopening Commitment Faces Test in New Clusters
(DBN)

____________

India:

Feudalism of corporate debtors gone after IBC implementation
(DBN)

Stakeholders of bankrupt firms should not be guided by individual gains
(DBN)

Waning Covid Cases Helped India’s Economy Steady in July
(DBN)

____________

MENA:

Pentagon confirms explosion outside Kabul airport • Pentagon says 12 US service members killed in Kabul explosions • Kabul Bombings Death Toll Crosses 100 • Biden vows retribution for deadly attack • About 1,500 American citizens still in Afghanistan, secretary of state says • Biden says deadly attack won't alter US evacuation mission in Afghanistan • Biden says he has ordered a retaliatory strike on ISIS-K after the suicide bombings at Kabul airport • State Department says 500 more Americans evacuated from Kabul • British PM says UK's Afghanistan evacuations to continue despite explosions at airport • Fear rises for Afghans left behind when evacuations end • 2 Suicide Attacks Outside Kabul Airport - Up to 60 Dead • Pentagon confirms casualties in 2 explosions near Kabul airport • Two explosions outside Kabul airport leave U.S., civilian casualties amid evacuations • U.K. official warns of ISIS threat as ‘clock continues to tick down’ on flights out. • Blast outside Kabul airport • Suicide bomber attacks Kabul airport after ISIS bomb threat: Afghans 'dead' while up to 1.5K Americans remain stranded behind Taliban lines. Pentagon denies it is evacuating in 36 hours • Kabul airport explosion appears to be suicide attack, U.S. officials say • Blast outside Kabul airport kills at least 13, including children, Taliban official says • Military planes at Kabul airport have been performing corkscrew landings and sending out flares to avoid potential missile attacks, report says • 150,000 Afghans who helped the US could be stranded after the August 31 deadline, new estimate suggests • Canada halts Afghanistan evacuations as deadline looms • Europe will continue Afghan extractions after attack — but few options remain • Taliban spokesman talks to CBS News about group's policy on women's rights, U.S. withdrawal and terror ties • Afghan family names baby girl after U.S. military evacuation plane she was born on • Pace drops but US evacuates another 13,400 from Afghanistan • The US has 5 more days to get people out of Afghanistan, but Taliban and ISIS attacks are preventing people from reaching the airport • New Taliban head of security for Kabul is wanted by U.S. as terrorist • How are Afghan refugees being vetted? Here’s what we know • Desperate Afghan Christians turned away at airport, aid groups say • Taliban warn women NOT go to work as militants need ‘equality training’ after terror ‘rape-gangs’ raid villages • U.S. officials provided Taliban with names of Americans, Afghan allies to evacuate • Biden defended using the Taliban for Kabul airport security after the deadly blasts, saying there's no evidence they were involved in the attack • Inside Seth Moulton’s Secret Trip to Kabul • Nine days back to freedom: An Afghan's tale • How Four Presidents Were Caught in Afghan Quagmire • Taliban, ISIS Closer Than They Claim • Taliban: No Evidence Bin Laden Behind 9/11
(DBN)

____________

Russia:

Russia breaks daily COVID-19 death record
(DBN)

____________

China:

Evergrande to speed up asset sales as hopes swirl about gov't lifeline
(DBN)

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