August 31, 2021

The Daily Bankruptcy News

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Law:

Just How Prevalent Are Raises In The Legal Industry This Year?
(DBN)

BigLaw Associate Hiring Surges 24% As Legal Business Booms Holy Crap! Biglaw Sure Is Hiring A Bunch Of Associates
(DBN)

Admissions Data At Nearly Half Of The U.S. News Top 50: Higher LSATs, UGPAs, And Enrollment
(DBN)

There’s room for improvement in legal industry’s automation adoption, new survey reveals
(DBN)

Lawyer Fumbles Appellate Cold Call
(DBN)

State of the Midsize Market: Resilience Is Key
(DBN)

In Favor Of Argumentative Questions Presented
(DBN)

House panel tees up Trump executive privilege fight in Jan. 6 probe Jan. 6 panel to ask for preservation of phone records of GOP lawmakers who participated in Trump rally: report
(DBN)

Election fraud conspiracy theorist Sidney Powell pressed by Australian reporter: 'Do you ever hear yourself and think it sounds ridiculous?'
(DBN)

Stand-in for Hospitalized Conservative Attorney with More Than a Dozen Jan. 6 Clients Is Accused of Felonies and Is 'Not a Licensed Attorney': Feds Defendants in U.S. Capitol attack have no attorney after lawyer contracts COVID-19: prosecutors John Pierce's Jan 6 Clients Being Repped In Court By NOT A LAWYER. The Government Noticed.
(DBN)

Gov. Reeves Owns Libs So Hard He Channels Socrates
(DBN)

Nearly 50 law firms have banded together to voice their defense of SPACs as lawsuits mount against blank-check firms 49 Corporate Law Firms Trash SPACs-Are-Investment-Companies Lawsuits 49 firms in 72 hours: How the SPAC bar united against law profs’ splashy lawsuits
(DBN)

Records rebut claims of unequal treatment of Jan. 6 rioters
(DBN)

Feds open civil rights probe into states barring school mask mandates Education Department to probe 5 states with ‘unacceptable’ school mask bans Biden Admin’s Education Department Investigating Five Red States Banning Mask Mandates in Schools
(DBN)

State Bar of Texas Investigating AG Ken Paxton Over Alleged Ethics Violation
(DBN)

Prince Andrew’s Gilded Cage Closes in as Department of Justice Reiterates Desire to Speak to Disgraced Royal
(DBN)

Abortion providers ask Supreme Court to block Texas 'fetal heartbeat' law ACLU Files Emergency Petition with SCOTUS to Stop Texas Abortion Law that Allows Anyone to Sue Doctors
(DBN)

Stepfather Allegedly Beat 5-Year-Old to Death, and Mother Did Nothing Because She Was 'Too Eager to Be in a Relationship'
(DBN)

6 Family Members Kidnapped Pregnant Woman Because Her Boyfriend Wasn't Muslim: Police
(DBN)

Judge Orders Parents to Pay Nearly $45k for Tossing Son's Post-Divorce Stash of 'Sex Toys' and 'Smutty Magazines'
(DBN)

Former Deputy with Checkered Past Sentenced for Stabbing Wife’s Divorce Lawyer
(DBN)

FBI report shows hate crimes at highest level in 12 years
(DBN)

Arizona eliminates peremptory challenges in jury selection
(DBN)

Arsonist Who Killed 9 People Ranted About 'Homosexuality'
(DBN)

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Judges:

Hurricane Ida Courthouse Closures
(DBN)

BK ED LA Out of Commission Until At Least September 7 Due to Hurricane
(DBN)

Appellate Amicus Brief Details The Sexual Harassment Federal Judiciary Employees Face
(DBN)

A judge asked a mother if she got the coronavirus vaccine. She said no, and he revoked custody of her son Family law judge backtracks on visitation order for mom regarding COVID-19 vaccine
(DBN)

Need A Vaccine For That Oral Argument? Well, It Depends.
(DBN)

Justice Powell's Memo on Big Business in US
(DBN)

State Supreme Court Justice/NFL MVP Apparently Not Good Enough For Twitter
(DBN)

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Wall Street:

Stock futures are flat as the S&P 500 looks to wrap up its 7th winning month in a row
(DBN)

S&P 500, Nasdaq close at records as tech stocks soar on investor optimism
(DBN)

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Layoffs:

Basic Energy Services warns of nearly 500 job cuts in Texas following bankruptcy
(DBN)

Attorney General accuses Koffee Kup creditors of trying to "claw back" employee PTO
(DBN)

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Climate:

California Wildfires Are So Bad Lake Tahoe Was Just Evacuated Caldor Fire: South Lake Tahoe now under evacuation warning as crews struggle to slow blaze Northern California Fire Forces Evacuations in Lake Tahoe Basin Lake Tahoe threatened by massive fire, more ordered to flee Residents, tourists scramble to evacuate as California fire nears Lake Tahoe California fire approaches Lake Tahoe after mass evacuation Wildfire evacuees flood Lake Tahoe roads in rush to flee
(DBN)

Hurricane Ida Seen Costing Insurers at Least $15 Billion
(DBN)

New Orleans Gripped by Blackouts, Floods as Ida Unleashes Fury New Orleans Facing Weeks of Darkness on Hurricane Damage Mississippi River Is Flowing in Reverse as Ida Pushes Inland Ida: Images of Hurricane Ida Exclamation point on record onslaught of US landfalls Hurricane Ida Offers a Glimpse of the Dystopia That’s Coming for All of Us Hurricane Ida traps Louisianans, leaves the grid a shambles New Orleans-area official says flooding for some homes 'beyond chest-high' New Orleans avoids major flooding thanks to levees built after Katrina Weakened, But Still Powerful, Tropical Storm Ida Leaves More Than A Million Without Power No cash or gas to run from Ida: ‘We can’t afford to leave’ Climate change lurks behind Hurricane Ida's unnerving intensification rate Climate Change Fueled Hurricane Ida With Warm, Deep Seawater What we know about Hurricane Ida's energy impact Ida Path Through ‘Cancer Alley’ Raises Risks at Chemical Plants Biden Pledges ‘Full Might’ of U.S. for Gulf Hurricane Recovery New Orleans levees pass Ida’s test while some suburbs flood Ida topples New Orleans jazz landmark where Armstrong worked Rails Brace for Network Congestion as Hurricane Ida Shuts Tracks Louisiana Facing Days With No Clean Water After Ida’s Rampage Biden speaks to Louisiana governor after 'catastrophic' Ida damage 5,200 National Guard troops activated to aid with Ida aftermath Cantrell urges people to remain sheltered, implementing anti-looting protocols in darkened city Displaced by Ida: Low on funds, family of 7 looks for refuge As Ida barreled toward them, they chose to 'stay and pray' Trump complained on a radio show that the media spent 'all night' Sunday covering the devastation wrought by Hurricane Ida instead of his 'great agreement' with the Taliban
(DBN)

A Tale of Two Wildfires: Lessons From Europe’s Blazing Summer
(DBN)

HHS unveils office to treat climate change as a health issue
(DBN)

California moves slowly on water projects amid drought
(DBN)

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Sports:

NFL says it would welcome vaccine mandate for players following small outbreak
(DBN)

Even as COVID cases rise, US Open, other events welcome fans
(DBN)

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Crypto:

Paulson says cryptocurrencies will eventually be ‘worthless’
(DBN)

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Healthcare:

New Covid Variant Found in South Africa Has Concerning Mutations
(DBN)

Ida battered Louisiana's hospitals when it made landfall. But the damage is just beginning A low vaccination rate, crowded shelters could worsen the state's Covid crisis
(DBN)

U.S. administers 369.6 mln doses of COVID-19 vaccines - CDC
(DBN)

Moderna Covid vaccine creates twice as many antibodies as Pfizer: Study
(DBN)

Covid-19 Boosters Work at Curbing Severe Cases, Israel Data Show
(DBN)

CDC scientist says there’s limited data to evaluate Covid booster doses
(DBN)

Pfizer director Dr. Gottlieb says vaccine for kids 5 to 11 could come by winter
(DBN)

Early polls & surveys show there’s about a 25% likelihood that parents are going to vaccinate their kids: Doctor
(DBN)

Should vaccinated people worry about long Covid?
(DBN)

Charging the unvaccinated more for medical insurance is a terrible idea
(DBN)

US judge orders hospital to treat Covid patient with ivermectin
(DBN)

New Zealand reports first death following Pfizer vaccine shot
(DBN)

CDC: No deaths in young U.S. adults with myocarditis after Pfizer shot
(DBN)

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Economy:

Seven High Frequency Indicators for the Economy
(DBN)

The wealthy - not the Fed - are to blame for low interest rates and rising inequality, study says
(DBN)

Former Fed official warns of ‘urgent’ threat of another financial crisis
(DBN)

The harm the Fed wants to avoid
(DBN)

Cracks Are Emerging in the Fed’s Floor as Key Target Rate Slides
(DBN)

Mohamed El-Erian says the Fed's timetable for tapering is slow and could be 'problematic' for economic stability
(DBN)

N.J. will end pandemic unemployment benefits this weekend.
(DBN)

Biden and Congress are setting 'a 5-alarm fire' by letting federal unemployment benefits expire in a week as Delta surges, an expert says
(DBN)

The White House says Biden isn't pushing Congress to renew federal jobless aid because the economy is rebounding
(DBN)

House set to tear up Biden's Pentagon budget plans
(DBN)

July sees remarkable return of incomes after massive hiring spree
(DBN)

Pandemic unemployment insurance is ending at maybe the worst possible time
(DBN)

U.S. Economy Wins the G-7 Race to Return to Normal
(DBN)

PNC Financial Lifts Minimum Pay to $18 an Hour Amid Labor Crunch
(DBN)

What economists expect from the August jobs report
(DBN)

Unvaccinated employees at Duke will face termination
(DBN)

New Orleans Port Halts Container Terminals on Hurricane Ida
(DBN)

A record-breaking 44 container ships are stuck off the coast of California
(DBN)

Budget reconciliation offers new opportunity for paid family leave
(DBN)

The World Is Still Short of Everything. Get Used to It.
(DBN)

Chip shortage highlights U.S. dependence on fragile supply chain
(DBN)

Unfinished Tractors, Pickup Trucks Pile Up as Components Run Short
(WSJ)

Biden's gambling on another death tax to fund his budget goals
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

NAR: Pending Home Sales Decreased 1.8% in July U.S. Pending Home Sales Unexpectedly Decline for a Second Month Homebuyers sign fewer contracts in July, as high prices chill the summer market
(DBN)

Goldman Sees 750,000 Evictions in U.S. as Bans Come to an End
(DBN)

Garland Wants Law Firms, Schools to Help Fight Evictions
(DBN)

The Freefall Moment When WeWork Turned Into WTF
(DBN)

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Oil/Gas:

U.S. Gulf Oil Producers, Refiners Shut as Ida Comes Ashore
(DBN)

FTC Targets Oil And Gas Mergers, Franchises Amid Pain At Pump
(DBN)

Record 2020 Wind Installations Represented 42% of New Power
(DBN)

Hurricane Ida could send US gas prices even higher ahead of Labor Day
(DBN)

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Food/Beverage:

McDonald's, others consider closing indoor seating amid Delta surge in U.S.
(DBN)

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Retailing:

Circuit City bankruptcy headed for conclusion after nearly 13 years
(DBN)

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Mass Torts:

Insurer dispute complicates Boy Scouts abuse claims payout
(DBN)

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Education:

Anxiety running high as COVID-19 threatens to disrupt schools — again
(DBN)

'A very unsafe environment': Liberty University student discusses on-campus coronavirus outbreak
(DBN)

Florida withholds funds from school districts with mask mandates DeSantis Defies Court Order and Cuts Off Salaries of School Boards
(DBN)

As districts insist on vaccines, some teachers push back
(DBN)

Anti-Maskers Terrorizing School Boards
(DBN)

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Student Debt:

Howard University is wiping out student debt for juniors and seniors, joining the growing number of HBCUs using Biden' stimulus for relief
(DBN)

Biden has canceled over $9 billion in student loan debt
(DBN)

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Festivals:

Kid Rock Plays Sturgis, Band Gets Covid
(DBN)

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Fraud:

Elizabeth Holmes, one-time billionaire and media darling, goes on trial Boies, Kissinger, Mattis Make Witness List in Holmes Prosecution Theranos Reporter Ready to Take Stand if Called in Holmes Trial
(DBN)

Recovery for Bernard Madoff customers bolstered by Citigroup ruling, trustee's lawyer says
(DBN)

Hotlanta A Hotbed Of Hedge Fund, Private Equity Fraud (Allegedly)
(DBN)

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Religion:

Albany diocese sends child sex abuse cases to review board
(DBN)

Coronavirus Pandemic Generates Flurry of Letters to God
(DBN)

Mormon vaccine push ratchets up, dividing faith’s members
(DBN)

What really motivates many anti-mask Christians? (Hint: It's not the Bible.)
(DBN)

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Satellites:

US Trustee objects Intelsat bankruptcy model
(DBN)

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Politics:

Falling out with loved ones over QAnon
(DBN)

War is over but not Biden’s Afghanistan challenges
(DBN)

Biden Deserves Credit, Not Blame, for Afghanistan
(DBN)

As Biden winds down Afghanistan, a refugee backlash looms at home
(DBN)

Wisconsin governor slams GOP over election probe: They're 'drinking the Kool-Aid'
(DBN)

Pew: Partisan divides in media trust widen, driven by a decline among Republicans
(DBN)

The hard-fought Texas voting bill is poised to become law. Here's what it does.
(DBN)

Cuomo legal woes continue, could cost public at least $9.5M
(DBN)

Democrats set to OK new legislative maps over criticism
(DBN)

GOP’s Larry Elder looks for shock win in California recall
(DBN)

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New Bankruptcy Opinions
(4 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 (7 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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Avoidance Actions:

Loan Forgiveness as Basis for Fraudulent Transfer Claims
(DBN)

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Disqualification:

Disqualification of Attorney for Creditor Committee Vacated
(DBN)

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Mootness:

Equitable Mootness on the Ropes
(DBN)

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Trustees:

Comments Invited on Regulations for Bankruptcy Trustee Payments
(DBN)

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Bankruptcy Rules:

Sept. 14 Virtual Meeting of Advisory Committee on Bankruptcy Rules; Meeting of the Judicial Conference
(DBN)

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Substantive Consolidation:

Substantive Consolidation and Non-consolidation Opinions
(DBN)

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Equity:

Bankruptcy's Equity Canon
(DBN)

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Aviation:

Delta Workers Getting Vaccines to Avoid Fines, Top Lawyer Says
(DBN)

Virus Variant Batters Airline Bookings for Labor Day Weekend
(DBN)

Air travel sees sharp decline as delta variant continues to derail vacation plans
(DBN)

EU to recommend reinstating restrictions on US travelers US visitors to EU likely to face new quarantine rules
(DBN)

Norwegian Air sees travel rebound ending need to seek more cash Norwegian Air Takes Off Slowly After Bankruptcy Woes
(DBN)

Gov't reassures Air Seychelles ahead of liquidation hearing
(DBN)

Tamarack Aerospace Group exits voluntary bankruptcy, keeps growing
(DBN)

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Insurance:

'Mission: Impossible' sues insurance company over 7 COVID shutdowns
(DBN)

Ida's insurance impact likely to be boosted by pandemic pricing
(DBN)

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Utilities:

Louisiana's biggest utility provider falls 4% after 'catastrophic' damage from Hurricane Ida leaves more than 1 million without power
(DBN)

Thousands face weeks without power in Ida’s aftermath In sweltering heat, New Orleans will take days to regain power
(DBN)

Griddy Customers Don't Have to Pay Bills Texas utility settles over sky-high energy bills from freeze
(DBN)

US attorney details illegal acts in construction projects, sealing the fate of the “nuclear renaissance” Failed nuclear contractor signs $21M deal, working with feds
(DBN)

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Sovereigns:

Zambian Debt in Record Demand With Investors Betting on Recovery
(DBN)

Buenos Aires Province to Restructure 98% of Bonds in Debt Deal
(DBN)

Investors in Province of Buenos Aires Bonds Might Want to Look at their Prescription Clauses
(DBN)

Greece: Haggling with creditors over tax cuts
(DBN)

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UK:

388 department stores have closed since 2016
(DBN)

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EU:

Confidence in Euro-Area Economy Drops on Supply Squeeze, Virus
(DBN)

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Australia:

BHP Considers Making Covid Vaccine Mandatory at Australia Mines
(DBN)

Australia Economy Could Slide Back Into Recession, Citi, AMP Say
(DBN)

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Spain:

Spanish Inflation Accelerating to Fastest Pace Since 2012
(DBN)

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Germany:

German Inflation Climbs to Highest Since 2008 on Energy Costs
(DBN)

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New Zealand:

Ardern Partially Eases New Zealand Lockdown Outside Auckland
(DBN)

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MENA:

U.S. completes withdrawal from Afghanistan The U.S. destroyed or 'demilitarized' all equipment left at Kabul airport In Kabul, some fear economic collapse more than Taliban fist As US military leaves Kabul, many Americans, Afghans remain Last US military planes depart Kabul airport, marking an end to America's 20-year presence in Afghanistan US military flies out evacuees in waning hours of withdrawal Pentagon investigating reports of 10 civilians killed in U.S. drone strike Taliban Execute Afghan Folk Singer Corruption Killed Afghanistan Freedom U.S. winds down Kabul mission after helping evacuate 116,000 people in just over 2 weeks U.S. winds down evacuations ahead of final Afghanistan withdrawal US evacuates 1,200 more from Kabul as numbers dip ahead of withdrawal Biden enters perilous final hours of Afghanistan mission 'It's over': Ex-CIA analyst and veteran said last week it was near impossible for him to get people out of Afghanistan Joe Biden’s withdrawal leaves Afghanistan in crisis and uncertainty Our 20 Year Afghan War Ends Where It Started Taliban declare victory from Kabul airport, promise security
(DBN)

Israel doubles down on booster shots as daily Covid cases set new record
(DBN)

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China:

Rich Friends Who Helped Evergrande Tycoon Now Count Their Losses
(DBN)

China limits children to 3 hours of online gaming a week
(DBN)

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Greece:

Greek police use tear gas, water canon during Athens vaccine protest
(DBN)

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Russia:

Restaurant pulls ad with Black man after death threats from far-right group
(DBN)

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Switzerland:

Switzerland warns of terror attacks on Covid-19 vaccine sites
(DBN)

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India:

IBBI proposes amendments in liquidation norms to increase transparency
(DBN)

IBBI’s code against recovery of dues during moratorium
(DBN)

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