August 30, 2021

The Daily Bankruptcy News

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Law:

Law Firms Waste Far Too Much Time On Non-Billable Work
(DBN)

Big Salaries, Big Bonuses, Big Billables: Are Firms Treating Lawyers Fairly?
(DBN)

These law schools are tops in scholarship
(DBN)

Elite Law Schools Welcome Record-Breaking Diversity In Their 1L Classes
(DBN)

Reed Smith expects to cut 66 legal secretary jobs in voluntary separation program
(DBN)

Overworked Lawyers Say They're Logging Too Much Unbillable Time
(DBN)

The History Of Women Law School Professors
(DBN)

DC Circuit rules against group seeking internet browsing histories of government officials
(DBN)

Days After 'Kraken' Sanctions Ruling, Wisconsin Governor Asks Judge to Force Trump to Pay Up 'Personally'
(DBN)

Justified shooting or fair game? Shooter of Ashli Babbitt makes shocking admission
(DBN)

Two Brothers Who Stormed the Capitol Together on Jan. 6 Plead Guilty to Misdemeanor Charges Banks fights Jan. 6 committee effort to seek lawmaker records House panel seeks records from tech companies in riot probe About Jim Jordan’s other Jan. 6 call with Trump
(DBN)

Rudy Giuliani admits he’s almost bankrupt, says he doesn’t think he’s ever done an interview drunk
(DBN)

N.Y. federal jail where Jeffrey Epstein died to close, Justice Department says
(DBN)

Judge Rules Against Florida Gov. Ron DeSantis's Order: Ban on Mask Mandates in Schools 'Does Not Meet Constitutional Muster' Florida judge says governor cannot ban school districts from requiring masks
(DBN)

Someone's Paying Devin Nunes's Family's Lawyer. And It Isn't Devin Nunes's Family.
(DBN)

Board says RFK assassin Sirhan changed man; grants parole 6 RFK Kids Don't Want Sirhan Released
(DBN)

A Tesla Model 3 hit a parked police car in Orlando, driver said she was ‘in Autopilot’
(DBN)

Police: Arizona family tried to kidnap woman over dishonor
(DBN)

Witnesses describe life inside R. Kelly's 'Chocolate Factory'
(DBN)

Judge extends block on Texas governor's migrant transit ban
(DBN)

Hundreds of migrants depart southern Mexico in caravan to protest slow asylum process
(DBN)

Why Lawyers Are So Good In Bed
(DBN)

______________

Judges:

BK ED LA: Closed For Weather BK MD LA: Closed For Weather
(DBN)

At least 2 federal appeals courts require vaccinations for oral arguments; other circuits differ
(DBN)

Stephen Breyer retirement watch just got a little more interesting Supreme Court Justice Breyer says he's struggling to decide when to retire
(DBN)

Biden's Supreme Court losses prompt more 'shadow docket' scrutiny
(DBN)

______________

Wall Street:

 

Major averages finish the week higher after Powell prepares markets for Fed’s bond taper this year
(DBN)

Why the Fed is about to stop the party on Wall Street (and what it means for you)
(DBN)

Stock Market Risks Pile Up After Record-Setting Earnings Season
(DBN)

A 48-year market vet warns that the Fed will be forced to tighten policy ‘way sooner’ than investors anticipate as inflation continues to soar – triggering a stock market crash of up to 80%
(DBN)

______________

Layoffs:

Houweling's Nurseries near Camarillo to layoff nearly 500 starting this week
(DBN)

______________

Food/Beverage:

Restaurants are desperate to hire. My coworkers aren't ready to come back.
(DBN)

A Manhattan restaurant said business dropped up to 25% in a week - and its owner blames NYC's vaccine mandate
(DBN)

Starbucks is leaving America's dying malls and focusing on drive-thrus
(DBN)

____________

History:

U.S. boarding schools for Indians had a hidden agenda: Stealing land
(DBN)

____________

Mass Torts:

In talc case, reorg ruling goes Johnson & Johnson’s way, keeping bankruptcy in play
(DBN)

Ruling on Purdue Pharma Bankruptcy and Opioid Settlement Delayed Until Next Week
(DBN)

Boy Scouts Draw Plan to Settle With Sex-Abuse Victims, Exit Bankruptcy. Here’s What We Know
(WSJ)

Purdue Pharma judge urges opioid plan opponents to settle with Sacklers
(DBN)

J&J can spin talc pow­der in­to different company, potentially slowing plaintiffs' payouts
(DBN)

The danger of America’s forgotten battle with asbestos
(DBN)

____________

Climate:

A hellish summer in Lake Tahoe: Choked in smoke with the Caldor fire closing in fast On the front lines of desperate battle to keep Caldor fire from hitting Lake Tahoe Winds frustrate effort to corral wildfire near Lake Tahoe With wildfire threatening, Lake Tahoe prepares for emergency More Ordered to Flee Lake Tahoe
(DBN)

Hurricane Ida winds hit 150 mph ahead of Louisiana strike How does Ida compare with Katrina? Ida similar to Katrina, but stronger, smaller A Hurricane Ida unknown: Economic impact on region and US Is New Orleans protected from a hurricane? Hurricane Ida could bring extensive power outages to the Gulf Coast and it's already knocked out more oil production than Katrina Meteorologists ahead of Hurricane Ida arrival: "We can't bear to see this on satellite" Thousands flee U.S. Gulf Coast as Hurricane Ida nears Louisiana governor: Levees should hold against Hurricane Ida Over 300,000 customers without power as Hurricane Ida slams Louisiana Hurricane Ida has knocked out power all across New Orleans Hurricane Ida weakens to tropical storm after knocking out power in New Orleans New Orleans Facing Weeks of Darkness on Hurricane Damage
(DBN)

Packed with virus patients, Louisiana hospitals await Ida
(DBN)

40 Million People Rely on the Colorado River. It’s Drying Up Fast.
(DBN)

____________

Healthcare:

Stormy financial forecast for hospitals
(DBN)

The vaccine wave kept health care as profitable as ever
(DBN)

Florida adds 901 deaths, largest single-day increase in pandemic history
(DBN)

The U.S. reaches 100,000 average daily Covid hospitalizations for the first time since winter.
(DBN)

CDC: Unvaccinated, unmasked teacher led to elementary school outbreak
(DBN)

Doctor warns 'hair on fire' crisis is breaking Texas hospital system
(DBN)

Oregon counties request morgue trucks as COVID deaths rise
(DBN)

Portable morgues are sent to Florida after record-breaking average of 212 daily deaths
(DBN)

Alabama reports large spike in child cases
(DBN)

Texas anti-mask movement leader dies of COVID-19
(DBN)

Mississippi's nurses are resigning to protect themselves from Covid-19 burnout
(DBN)

We can save 50,000 lives simply by wearing masks
(DBN)

Parts of the country are running out of oxygen supply as COVID-19 cases, hospitalizations soar
(DBN)

Gov. Ron DeSantis’ statements about Florida’s COVID death rate get renewed scrutiny Florida Reports Record Deaths, Judge Bars Mask Ban
(DBN)

COVID-19 surge pummels Hawaii and its native population
(DBN)

Study: One-third of Americans were infected with COVID by December 2020
(DBN)

New COVID variant detected in South Africa, most mutated variant so far
(DBN)

Biden says U.S. health officials are considering Covid booster shots at 5 months, moving up timeline of third shot Fauci ‘sticking with’ Covid-19 booster shot recommendations
(DBN)

Long COVID's daunting toll seen in study of pandemic's earliest patients
(DBN)

Florida woman hospitalized with COVID-19 comes home to find husband dead of COVID-19
(DBN)

Ivermectin flying off North Texas shelves as a COVID-19 remedy despite FDA warnings, side effects
(DBN)

Veteran dies of treatable illness after waiting hours for ICU bed
(DBN)

Contact tracing takes a back seat during latest COVID surge
(DBN)

A police captain who refused the vaccine and took the anti-parasitic ivermectin to combat COVID-19 dies from the virus
(DBN)

Fauci Implores People to Stop Taking Horse Drug to Prevent COVID: ‘Don't Do It!’ Rand Paul claims scientists won't study horse deworming drug ivermectin's use as a potential COVID cure because of their 'hatred for Trump'
(DBN)

Report: COVID origin inconclusive but probably not engineered
(DBN)

Reporter punched in face while covering anti-mask event
(DBN)

Another Anti-Vax Radio Host Dies of Covid
(DBN)

Medics reveal horror of ‘talking dead’ Covid patients who are awake but can’t survive without machines due to damage
(DBN)

You’re far more likely to get a blood clot from COVID than from a COVID vaccine, study reveals
(DBN)

How a cheap antidepressant emerged as a promising Covid-19 treatment
(DBN)

____________


Economy:

Fed Chair Powell: "It could be appropriate to start reducing the pace of asset purchases this year" Fed chief signals supports for the economy could begin to be pulled back this year, if recovery stays strongly on track Powell: Fed on track to slow aid for economy later this year Fed chair says economic support could be dialed back this year Powell’s benign view on inflation is getting pushback at the Fed, and elsewhere Powell walks high wire as Fed plans to ease support for Biden's economy
(DBN)

Delta surge threatens working parents, labor market
(DBN)

High-Frequency Charts Show U.S. Economy Softening From Delta
(DBN)

Americans Report Booming Job Market
(DBN)

3 reasons workers still aren't making as much money as they would have in a pandemic-free world
(DBN)

U.S. Economic Confidence Dips as More Say Economy Worsening
(DBN)

Real Personal Income: Transfer Payments
(DBN)

Personal Income increased 1.1% in July, Spending increased 0.3% US consumer spending slows to 0.3% gain in July
(DBN)

U.S. Port Problems Reach Worst of Pandemic Amid Crush of Imports
(DBN)

The tax overhaul Democrats are pushing that could raise enough money for 2 $1,400 stimulus checks
(DBN)

One Million Might Not be Enough to Retire
(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 Increased Slightly
(DBN)

The national eviction moratorium is officially dead. In some parts of the country, it has been for some time.
(DBN)

Industry groups react to SCOTUS eviction ruling
(DBN)

Eviction ban's end will allow pandemic lockouts to resume
(DBN)

The Supreme Court struck down Biden's eviction ban, but these 7 states and DC are stepping up to protect renters
(DBN)

National eviction ban has been struck down. What renters need to know
(DBN)

‘Nobody is this incompetent’: Rental aid slowdown puts target on governors, mayors
(DBN)

Renters Prepare for Eviction After Supreme Court Ruling
(WSJ)

Anxious tenants await assistance as evictions resume
(DBN)

74% of homeowners who bought before the pandemic are missing ‘an opportunity to significantly reduce’ their mortgage
(DBN)

Wood you look at that: Lumber is cheap again
(DBN)

Fed is stoking another real estate price bubble that will wipe out home equity, investor Peter Boockvar warns
(DBN)

More Americans now say they prefer a community with big houses, even if local amenities are farther away
(DBN)

____________

Oil/Gas:

Almost all Gulf oil production shuts for hurricane. Will gas prices spike?
(DBN)

Oil firms slash U.S. Gulf of Mexico output by 91% ahead of powerful Hurricane Ida
(DBN)

Renewable Energy Consumption Has Tripled In 10 Years
(DBN)

Oil-Rich Nations Face Growing Pressure To Go Green
(DBN)

____________

Tech:

Tim Cook nets $355 million after selling Apple shares worth $750 million he received in a performance payout
(DBN)

____________

Education:

CDC: Unvaccinated, unmasked teacher caused community-wide outbreak in California
(DBN)

88-Year-Old Professor Resigns Mid-Class When Student Refuses to Wear Mask
(DBN)

Virtual schools saw little disruption, got equal virus aid
(DBN)

Fauci says it's a 'good idea' to mandate COVID-19 vaccines for kids going to school
(DBN)

Hostile school board meetings have members calling it quits
(DBN)

John Carroll University is latest Northeast Ohio university to mandate COVID-19 vaccine
(DBN)

Mask debate moves from school boards to courtrooms
(DBN)

MD: Education board moves toward public school mask mandates
(DBN)

Liberty University announces quarantine amid COVID-19 spike
(DBN)

More COVID-19 shots, studies offer hope for US schools
(DBN)

Gottlieb says COVID-19 vaccine could be authorized for kids by early winter
(DBN)

____________

Festivals:

How much impact could Sturgis rally have on COVID caseload?
(DBN)

____________

Autos:

Lordstown Motors taps Hertz board member to right the ship
(DBN)

____________

Cruise Lines:

Are cruises safe right now? Experts say they’re ‘a recipe for Covid transmission’
(DBN)

____________

Student Debt:

Biden has canceled $9.5 billion in student loan debt yet forgiveness for all isn’t necessarily coming
(DBN)

A student-debt forgiveness story: Meet a public servant eligible for relief who just got $20,000 wiped out after an 11-year wait
(DBN)

____________

Celebs:

Real Housewives Of Beverly Hills’ Erika Jayne Is Now Being Sued Amid Ongoing Bankruptcy Case RHOBH star Erika Jayne sued for $25 million in estranged husband Tom Girardi’s bankruptcy case RHOBH fans slam Erika Jayne for claiming music career was ‘self-funded’ after claims she ‘stole $25M from ex’s law firm’ RHOBH: Erika Jayne Sued For $25M In Husband's Firm Bankruptcy Case Erika Jayne slammed in new bankruptcy lawsuit docs: 'The glam cannot be supported by a sham' Erika Girardi Slammed in Bankruptcy Lawsuit for 'Fraudulent' Transfers: 'The Glam Cannot Be Supported by a Sham'
(DBN)

NHL star accuses estranged wife of hitting him as divorce gets uglier
(DBN)

____________

Sports:

Bills coach sees competitive disadvantage in his team's vaccine issues: 'It's very frustrating'
(DBN)

Seeming at odds with players, NFL says it wants vaccine mandate to 'go into effect tomorrow'
(DBN)

US Open players don’t need COVID shots; about half have them
(DBN)

138-Acre Massachusetts Sports Complex Files For Bankruptcy Protection
(DBN)

____________

Fraud:

Elizabeth Holmes plans to claim at trial ex-boyfriend and Theranos business partner abused her Silicon Valley's biggest fraud is on trial
(DBN)

____________

Politics:

Biden in the ‘loneliest job,’ a presidency driven by crisis Biden allies say media missing the mark on Afghanistan
(DBN)

Biden faces Dem defections
(DBN)

Revealed: Biden's ethics exceptions
(DBN)

Conservative media rallies around Afghanistan
(DBN)

American Public Opinion and the Afghanistan Situation
(DBN)

What Trump's Taliban Deal Has Wrought
(DBN)

Romney blames both Biden and Trump for crisis in Afghanistan
(DBN)

Bernie Sanders sets out to sell big government in red states
(DBN)

Thousands march on Washington in voting rights push
(DBN)

Fox's Wallace: An Afghanistan-based attack on US 'could be curtains' for Biden presidency
(DBN)

After census, citizens panels seek sway in redistricting
(DBN)

Experts warn of dangers from breach of voter system software
(DBN)

GOP rift widens amid growing hostility to Afghan refugees
(DBN)

98 Countries to Accept Afghan Refugees
(DBN)

The long road to resettling Afghans in the US
(DBN)

The Afghan refugee crisis is about to get much worse
(DBN)

U.S. opens COVID-19 vaccination site for arriving Afghans
(DBN)

"Perfect storm" blocks Trump-era FEC probes
(DBN)

'Hillbilly Elegy' Author JD Vance Is Running For Senate As A Savior Of The Rust Belt. Insiders And Experts Say Otherwise.
(DBN)

____________

 


New Bankruptcy Opinions
(5 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (14 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (2 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:

For the second quarter of 2021, all the Polsinelli|TrBK Distress Indices declined
(DBN)

______________

Recharacterization:

Debt or Equity? SDNY Bankruptcy Court Says “Equity” in a Recent Case Involving Recharacterization of a Party’s Debt Claim as Equity
(DBN)

____________

Miscellaneous:

Week Ahead in Bankruptcy: Aug. 30, 2021
(DBN)

____________

Intercreditor:

New York Court’s Ruling Could Have Broader Implications for No-Action Clauses
(DBN)

____________

UST:

UST Director Addresses 2021 Annual Conference of the National Association of Bankruptcy Trustees (NABT)
(DBN)

____________

Aviation:

Alitalia bankruptcy: all flights canceled from October 15
(DBN)

Tickets booked with airlines under bankruptcy proceedings to get refunds after due process: MakeMyTrip CEO
(DBN)

Aeroméxico continues to participate in the mediation regarding delivery of final valuation materials under the DIP Financing
(DBN)

EU Set to Recommend Halting Nonessential Travel From the U.S.
(WSJ)

Alone in the sky, pilot and fiancee save 17 in Tenn. flood
(DBN)

COVID and “business rehabilitation” trim the Thai fleet
(DBN)

‘The End of Travel as We Knew It’ – Israel’s Airlines Face Mass Layoffs, Bankruptcy
(DBN)

South African Airways to restart operations after one-year hiatus
(DBN)

____________

Insurance:

Goliath v. Goliath: Corporations Take On Insurers Over Pandemic Coverage
(DBN)

____________

Maritime:

Bouchard Bankruptcy Plan Approved, Clearing Way for Sale
(DBN)

____________

Crypto:

Tax reporting proposal creates a defining moment for the crypto industry
(DBN)

____________

Sovereigns:

Zambia's new finance minister stresses importance of IMF programme
(DBN)

____________

UK:

Behind the glitz of the Sussexes lies a simple truth: our aristocracy is dead
(DBN)

____________

Canada:

Courts OK Laurentian’s request to extend insolvency restructuring into 2022
(DBN)

____________

China:

Actress hit with $46 million tax fine as China targets celeb culture
(DBN)

____________

MENA:

New urgency to airlift from Kabul after blasts kill dozens State Department says roughly 250 Americans still want to leave Afghanistan Biden aide: US has capacity to evacuate remaining Americans Taliban Promise to Let the Eligible Leave U.S. announces joint arrangement to continue evacuating Afghan allies past Aug. 31 Antony Blinken denies that the US gave the Taliban a 'kill list' of people that need to be evacuated from Afghanistan University Students Names Given to Taliban U.S. announces joint arrangement to continue evacuating Afghan allies past Aug. 31 McMaster: This is What Happens When You Surrender to Jihadists McMaster: One Year War Fought 20 Times France, UK to propose Kabul airport safe zone at UN meeting Sullivan guarantees "safe passage" for U.S. citizens, Afghan allies after deadline American diplomats won't remain behind in Kabul, Blinken says At Abbey Gate U.S. drone strikes an ISIS-K vehicle packed with explosives in Kabul The Pentagon says thousands of ISIS-K prisoners went free after the Taliban seized Afghanistan ISIS-K, explained by an expert Five things to know about ISIS-K Biden: Another attack likely, pledges more strikes on IS Taliban guard airport as most NATO troops leave Afghanistan Pentagon says 2 'high-profile' ISIS targets killed in strike Embassy warns Americans at Kabul airport gates to 'leave immediately' The UK may destroy or abandon some of its military equipment to make more space for evacuees, defense minister says US special forces vets launch mission to get Afghan allies out amid Biden's chaotic withdrawal: Pentagon pushes on with evacuation of 8.5K despite threat of another ISIS attack after suicide bomber killed 13 American troops and 170 other people Afghan Ally Trapped in Kabul Says Even if He Dies ‘I Will Never Regret it’ in Emotional and Harrowing Fox News Interview Britain pulls the plug on Kabul airlift: UK will start getting soldiers out of Airport as Boris tells of his 'great regret' at leaving 150 Brits and 1,100 Afghans behind despite fears they will become Taliban hostages Final UK evacuation flight leaves Kabul; troops head home US says drone kills suicide bombers targeting Kabul airport Biden pays respects to US troops killed in Afghanistan Slain Marine who cradled baby at Kabul airport loved her job Last Troops From UK Back Home from Kabul How Instagram star helped rescue dozens from Afghanistan ‘We can’t do enough’: Lawmakers flooded by evacuation pleas Moulton offers Marine's view on Kabul "Just a mess": A CEO's effort to get an employee out of Afghanistan Bidens to meet with families of fallen U.S. service members after deadly attack in Kabul Despite bloodshed and chaos, Afghan exit may yet hold positives for US and allies The Two Blows America Is Dealing to the Taliban Resurgent Taliban and shaken economy upend life in Afghanistan Why US Allies Are Upset Over Afghanistan Twenty days to set 20 years What Taliban rule will look like in the new old Afghanistan 'No one has money.' Under Taliban rule, Afghanistan's banking system is imploding
(DBN)

Israel: ‘Thousands of businesses will go bankrupt if there’s another closure’
(DBN)

Israel offers COVID-19 vaccine booster to ages 12 and older
(DBN)

Dubai developer Limitless set to agree third debt restructuring deal
(DBN)

____________

New Zealand:

New Zealand police break up one-person anti-lockdown protest in Auckland
(DBN)

____________

Australia:

Australia's COVID-19 cases hit new record as 'reopening' debate heats up
(DBN)

____________

Croatia:

Croatia thrilled at summer season success despite COVID-19
(DBN)

____________

Russia:

Unwanted record: Russia’s COVID deaths hit new high in July
(DBN)

____________

India:

Road to recovery: IBC sets itself on firm footing
(DBN)

Why insolvency regulator wants code of conduct for bankers?
(DBN)

Restructuring & Insolvency Monthly Newsletter
(DBN)

IBBI seeks public comments on committee of creditors conduct, insolvency resolution process
(DBN)

Self-seeking individuals scuttling intentions of Insolvency and Bankruptcy Code: CEA
(DBN)

IBC: Corporate affairs ministry working with FinMin, RBI on issue of committee of creditors' conduct
(DBN)

IBBI to ban appointment of commission agents
(DBN)

‘Insolvency resolution plans should look to maximise business value rather than just recover dues’
(DBN)

Before implementation of Insolvency & Bankruptcy Code, there used to be feudalism: KV Subramanian
(DBN)

Howard Marks seeks ‘hidden gems’ in India in a world of low returns
(DBN)

Over 17,800 cases disposed of at pre-admission stage under IBC: Official
(DBN)

India reports more than 45,000 COVID-19 cases
(DBN)

____________

Singapore:

Singapore fully vaccinates 80% of population against COVID
(DBN)

____________

Germany:

German region plans tougher restrictions for unvaccinated
(DBN)

____________

Brazil:

Rio mandates vaccines for tourist spots, public spaces
(DBN)

____________

Japan:

Osaka hospital accepting COVID-19 patients goes bankrupt
(DBN)

____________

Ukraine:

In July, insolvent banks receive over UAH 147M from Ukraine’s Guarantee Fund
(DBN)

____________


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