August 6, 2021

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Some Partners Pretty Pissed About Davis Polk's Mandatory Vaccination Policy
(DBN)

Paul Weiss Delays Office Reopening, Pushes Up Vaccine Mandates
(DBN)

More Biglaw Firms Delay Openings, Lay Down Strong Vaccination Policies
(DBN)

Law Firms Risk Reputational Damage Through Silence and Equivocation on Vaccine Mandates
(DBN)

Top Vault Firm Bumps Up Salaries For First-Year Associates, Leaves Everyone Else In Black Box
(DBN)

Clyde & Co and Irwin Mitchell keep NQ salaries on ice as Gibson Dunn raises pay to £145,000
(DBN)

Biglaw Firm Announces One-Time Only Bonuses For Counsel And Senior Attorneys
(DBN)

Cravath’s 2021 Associate Exodus Tells Big Law Attrition Story
(DBN)

Judge scrutinizes BigLaw firm in ruling on blood-testing company’s evidence that may be ‘lost—perhaps irretrievably’
(DBN)

Law professor sues George Mason University, challenging coronavirus vaccine mandate • Law School Professor Sues Over Vaccine Mandate, Because Of Course He Does
(DBN)

NYU Law School Ethics Professor Pegged In Efforts To Discredit Andrew Cuomo Accuser
(DBN)

3 Brand-Maintaining Tips For In-House Counsel
(DBN)

Skadden’s First Female M&A Partner Says No to Forced Retirement
(DBN)

Lawyer disbarred after terrible cracks about the Taliban, women, and the Congo
(DBN)

Lawyer wins apology from upskirting ex-client
(DBN)

The Best Of Biglaw, New York Edition
(DBN)

A top official almost resigned because of Trump's 'direct instructions' to weaponize the DOJ for 'improper ends': report
(DBN)

U.S. judge rejects claims that Jan. 6 riot defendants are 'political prisoners' • ‘This attack happened’: Medals to honor Jan. 6 responders • Months Ago, an Ex-Salt Lake City Police Officer Was Charged for Storming the U.S. Capitol. Now, the Feds Charged His Stepmother-in-Law •Trump Legal Brain Trust Won't Block Jan 6 Probe, Wouldn't Mind If Former DOJ Minions Did It For Them Though • Jan. 6 select panel takes over House probe of Trump DOJ • The Capitol Rioters Attacked Police. Why Isn't the FOP Outraged?
(DBN)

Are COVID-19 vaccine mandates legal?
(DBN)

Bill Gates says he regrets relationship with Jeffrey Epstein: 'It was a huge mistake'
(DBN)

DOJ probe fails to tie Giuliani's claims to FBI, or find sources of leaks about Hillary Clinton • How Rudy Giuliani Went from 9/11’s Hallowed Mayor to 2021’s Haunted Ghoul
(DBN)

Glock Calls Mexico Lawsuit Against Gun Manufacturers ‘Baseless’
(DBN)

Cops Pulled Their Guns on a Black Realtor Showing a Home to Black Clients
(DBN)

DOJ investigating city of Phoenix and Phoenix police department
(DBN)

18 to stand trial in hazing death of Black student
(DBN)

Appeals court upholds murder conviction of ex-Dallas officer
(DBN)

Media Organizations Cite Justice Scalia in Bid to 'Unseal' Identities of Jurors Who Convicted Derek Chauvin of Murder
(DBN)

Immigrant detentions soar despite Biden’s campaign promises
(DBN)

How Trump stiff-armed Congress — and gaslighted the courts — to build his wall
(DBN)

7-Eleven clerk shot at men stealing beer — now he’s charged with murder, Texas cops say
(DBN)

Ban on topless women doesn’t violate equal protection clause, 4th Circuit says; concurrence questions precedent
(DBN)

The Colonial Pipeline ransomware gang is back under a new name
(DBN)

______________

Judges:

Three Ways to Optimize Your Bankruptcy Clerkship
(DBN)

Federal appeals judge criticizes disparate-impact theory; are his opinions op-ed columns?
(DBN)

Biden nominates first openly LGBTQ woman to a federal appeals court • Biden’s New Second Circuit, District Picks Include LGBT Firsts
(DBN)

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Wall Street:

Stock futures are flat ahead of key unemployment report
(DBN)

S&P 500 hits record high as investors cheer solid earnings and strong jobless claims data
(DBN)

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Layoffs:

Driverless Semi Reaches Milestone in Test, Startup Plus Says
(DBN)

Ford offers voluntary buyout program for 1,000 U.S. employees
(DBN)

A York County company plans 100-plus layoffs
(DBN)

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Education:

Tennessee could withhold millions from schools found to violate guidelines on teaching critical race theory
(DBN)

Education secretary warns DeSantis, Abbott on masks: 'Don't be the reason why schools are interrupted'
(DBN)

Some school districts defy U.S. governors on mask rules.
(DBN)

____________

Student Debt:

Thoughts on Student Loans and the FRESH Start Act
(DBN)

With eviction victory in hand, congressional Democrats turn attention to student loans
(DBN)

Senate bill targets student loans in bankruptcy: What this means for student loan cancellation
(DBN)

Bipartisan bill would make it easier to discharge federal student loans in bankruptcy after waiting period
(DBN)

UNCF Opposes “The FRESH START Through Bankruptcy Act of 2021”
(DBN)

____________

Autos:

Elon Musk's Tesla in 10 telling quotes
(DBN)

____________

Coal:

The Surprisingly Stunning Afterlives of Old Coal Plants
(DBN)

Coal is a gold mine for producers after blistering rally
(DBN)

____________

Tech:

Huawei chairman says the ‘aim is to survive’ as revenue slides 29%
(DBN)

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Utilities:

Wildfire Linked to PG&E Rips Through Northern California Town
(DBN)

If The Texas Power Grid Had Gone Down, It Would Need A 'Black Start.' How Long Would That Take?
(DBN)

Agreement shows Ohio utility paid regulator for future help • Ohio AG seeks to add former executives, regulator to lawsuit
(DBN)

____________

Healthcare:

U.S. COVID-19 cases hit six-month high, Florida grapples with surge
(DBN)

Covid-19 cases now fall into 3 distinct categories
(DBN)

3 charts show how far Covid delta variant has spread around the world
(DBN)

Fauci: COVID-19 cases in the US could reach 200,000 cases a day in latest outbreak
(DBN)

'We are backsliding': Our pandemic momentum has been squandered
(DBN)

DeSantis clashes with Biden as Florida faces mounting COVID surge • Florida in revolt as COVID cases spike, DeSantis rejects health measures
(DBN)

7 states accounting for about half of new cases
(DBN)

How the Delta variant ups the stakes in the war against COVID
(DBN)

The White House, concerned about rates among young people, is making a new push for students to get shots.
(DBN)

COVID-19 cases in children surge 84% in 1 week, study finds
(DBN)

Moderna says its coronavirus vaccine is 93 percent effective six months after full vaccination
(DBN)

The misery in my Alabama hospital feels like the worst kind of deja vu
(DBN)

Alarmed Louisiana Residents Turn to Vaccines in ‘Darkest Days’ of Pandemic • People in Louisiana — one of the least vaccinated states in the US — are suddenly clamoring for shots as the Delta variant rages there
(DBN)

‘There are only so many beds’: COVID-19 surge hits hospitals
(DBN)

Florida Hospitals Fighting to Get Oxygen With ‘Hand Tied’
(DBN)

Vaccinated parents' new worry: Can I transmit Covid to my unvaccinated kids?
(DBN)

Parts of New York City Have Lower Vaccination Rates Than Mississippi
(DBN)

Covid vaccinations in four Southern states more than double since July
(DBN)

More Than Nudges Are Needed to End the Pandemic
(DBN)

Are COVID vaccine passes moving the needle on getting people inoculated?
(DBN)

What you need to know about the delta-plus subvariant
(DBN)

Moderna CEO on when to expect COVID booster shot to be available
(DBN)

The CDC's booster messaging mess
(DBN)

Vaccine boosters become potent symbol of pandemic inequality
(DBN)

The defense secretary is considering making COVID-19 vaccines mandatory for all active-duty US troops, report says • Potential military vaccine mandate brings distrust, support
(DBN)

Cigna’s Shares Plunge as Covid Medical Costs Outpace Expectations
(DBN)

Covid Deaths at a Record in Africa as Vaccine Rollout Gains Pace
(DBN)

Polls Show 20% of Americans Have Ended Friendships Over Covid Spats — And 29% Have Lost Someone to Covid Death
(DBN)

Hard Lessons From Detroit, A City That Tried To Privatize Public Health
(DBN)

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Economy:

Income Inequality Increased Over Past 40 Years: CBO
(DBN)

Weekly Initial Unemployment Claims decrease to 385,000 • Fewer Americans apply for jobless aid as hiring rebounds • US jobless claims down 14,000 to 385,000 as economy rebounds
(DBN)

Unemployment cliff: 4.2 million gig workers will soon lose jobless aid • Unemployment aid will vanish for 7.5 million workers in September. There's no plan to extend.
(DBN)

Jobs growth is picking up again, but the Delta spike could change that
(DBN)

July Employment Preview • Friday’s jobs report is a wild card, with economists’ estimates all over the map
(DBN)

U.S. seen adding 845,000 new jobs in July, but labor shortage poses threat to hiring • US likely enjoyed hiring spree in July as economy rebounds
(DBN)

Manchin takes on the Fed, rejecting Biden’s inflation defense
(DBN)

Amazon delays office return until January - memo • BlackRock Delays Office Return to October Amid Variant Concerns • Wells Fargo Pushes Back Return-to-Office Date on Rising Cases
(DBN)

Google approved 85% of the roughly 10,000 requests it received for remote work or relocation
(DBN)

Uber won't require drivers to be vaccinated despite mandating the shot for corporate employees
(DBN)

Workers brace for renewed 'rebellion and anger' in stores and restaurants amid changing mask guidance
(DBN)

NYC business owners react to the new vaccine rule: 'They should compensate us to do the government's job'
(DBN)

Picture of Micky Mouse fools NYC's vaccine passport
(DBN)

L.A. gets aggressive on vaccine requirements as Delta surges
(DBN)

Biden administration considers withholding funds and other measures to spur vaccinations
(DBN)

Maryland, Virginia to require vaccines for state employees
(DBN)

CNN fired 3 staffers for coming to the office unvaccinated against COVID-19
(DBN)

L.A. County court will fire employees who don't get coronavirus vaccine after full FDA approval
(DBN)

Trade Deficit Increased to $75.7 Billion in June
(DBN)

Delta Impact Increasingly Threatens Some Parts of U.S. Economy
(DBN)

Senators introduce amendments to covid relief bill, delaying its passage • Senators struggle to amend, finish $1T infrastructure bill • Senate punts infrastructure vote after amendment meltdown • Inside Senate Republicans' dismissal of Trump as he tries to torpedo Biden's infrastructure bill from the sidelines
(DBN)

Infrastructure bill would add $256 billion to deficits over a decade, CBO says
(DBN)

Senate GOP Anticipates Weekend Vote on Infrastructure Bill
(DBN)

Democrats should raise U.S. debt ceiling on their own -McConnell • Senate Hurtles Toward Showdown Over Raising Federal Debt Ceiling
(DBN)

Forget about the future: Americans are doing whatever it takes to get by today
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Mortgage rates continue to slump amid delta variant concerns • U.S. Mortgage Rates Slide to Lowest Level Since Early February
(DBN)

U.S. Housing Boom Rescues More Than 1 Million ‘Underwater’ Homes
(DBN)

Homebuilders in U.S. Ease Up on Price Hikes as Buyers Push Back
(DBN)

Real estate, landlord groups file legal salvo to stop Biden administration's new eviction moratorium • Landlords sue Biden after he said they couldn't evict in areas where Delta infections are surging • Progressives see blueprint for next fights in eviction win • Alabama Realtors and Landlords, Citing Biden’s Comments in Bid to Block Eviction Moratorium, Claim CDC Caved to 'Tidal Wave of Political Pressure' • Biden's new eviction moratorium kicks a major problem down the road • The CDC’s new eviction moratorium: Is it legal?
(DBN)

Investors Bet $53 Billion That U.S. Rents Will Push Even Higher
(DBN)

Buyers hunt deals for bankrupt developer’s Bay Area properties
(DBN)

American Dream Mega Mall Draws on Reserves to Make Bond Payment
(DBN)

No Higher Bids Were Received For Bankrupt Washington Prime, Disappointing Short-Term Traders
(DBN)

'The builder had sold 130 homes the first day': Foreign buyers may add to housing woes, prices
(DBN)

LV: Hundreds of homes threatened with foreclosure for overdue trash bills
(DBN)

____________

Oil/Gas:

Biden calls for half of new cars to be electric or plug-in hybrids by 2030 • Biden Snubs Non-Union EV Makers at Event Promoting EVs
(DBN)

Automakers Are Investing in EVs Like They Mean It • US automakers pledge huge increase in electric vehicles
(DBN)

PG&E Corporation: Biden Executive Order on EVs Is in Line With Our Thesis for Higher U.S. and Global EV Adoption
(DBN)

Everyone likes the money from fracking. But as contaminated water spills across the North Dakota plains, a deep red state faces a question: What prevails, property rights or big business?
(DBN)

____________

Hotels:

Hotels: Occupancy Rate Down 6% Compared to Same Week in 2019
(DBN)

It’s All Bad News for Ashford Hospitality Trust
(DBN)

____________

Retailing:

Third Time’s a Charm: Forever 21 to Reboot in China, Again
(DBN)

CVS is raising its minimum wage to $15 an hour
(DBN)

Target to pay 100% of college tuition and textbooks in bid to attract workers
(DBN)

____________

Crypto:

White House backs senators pushing for stricter crypto reporting rules
(DBN)

____________

Telecoms:

Senate infrastructure bill sets stage for massive effort to make broadband more available and affordable
(DBN)

____________

Sports:

NFLPA proposes return to stricter coronavirus protocols amid delta variant concerns
(DBN)

The NFL’s Most Valuable Teams 2021: Average Team Value Soars To $3.5 Billion As League Shrugs Off Pandemic Year
(DBN)

For the first time, the U.S. Olympic men's sprint team didn't win a single gold medal
(DBN)

____________

Private Equity:

Senators Go Beyond Biden Plan to End Private-Equity Tax Break
(DBN)

____________

Religion:

After Defrocked Cardinal Theodore McCarrick Charged with Sexual Assault, Another Alleged Victim Sues Him and an Opus Dei Priest
(DBN)

____________

Printing:

War Between RRD, North America's Largest Printer, and Major Bondholder Continues to Rage
(DBN)

____________

Mass Torts:

NY Asbestos Ruling Could Change Insurers' Approach
(DBN)

____________

Pharma:

Purdue Pharma gets conditional OK for up to $29M in bonuses
(DBN)

TX AG Pax­ton Joins $21 Billion Opioid Distributor Settlement
(DBN)

____________

Politics:

Senate Democrats eye new vote on voting rights before summer break as party faces pressure to act
(DBN)

Biden was like the rest of us: He thought life was going back to normal until the Delta variant hit
(DBN)

GOP congressman suing Pelosi over mask mandate contracts coronavirus
(DBN)

Mike Pence is joining other GOP officials in pushing the COVID-19 vaccine, telling young conservatives: 'I got the shot'
(DBN)

'A meaningful investigation' into Cuomo was led by New York's first Black woman attorney general • Cuomo's staff sought help from victim advocate in push to discredit accuser • Cuomo remains defiant in the face of mounting criminal inquiries and deepening political fallout • Cuomo’s Stubborn Grip on Job Seen as Move to Save Family Legacy • N.Y. Judiciary Panel Says Cuomo Investigation Nearly Complete • Cuomo Impeachment Inquiry Is ‘Nearing Completion,’ State Assembly Says • Lawmakers give Cuomo deadline in impeachment probe How Cuomo might be impeached, removed from office • Inside Andrew Cuomo’s Retaliation Machine • Cuomo kicked off ActBlue fundraising platform • All the governor’s men — and women • Hospital execs still mum on Cuomo after 1199 calls for his ouster • Cuomo to cooperate with impeachment probe • What Gov. Andrew Cuomo’s accusers felt, in their own words
(DBN)

Donald Trump wants his supporters to carry 'Trump Cards'
(DBN)

Graham says he's told Trump to 'speak up' on COVID vaccines
(DBN)

Shock poll shows Gavin Newsom losing recall vote by double digits
(DBN)

Judge Orders Laura Loomer and Her Company to Pay More Than $120,000 in Attorneys’ Fees Over Lawsuit Against Muslim Rights Group
(DBN)

Texas Republican leader dies of COVID-19 five days after anti-vaccination post
(DBN)

Garland urges Congress to protect voting rights
(DBN)

Major Tea Party Group Was Backed by Salsa Billionaire and Other Wealthy Donors, Hacked Documents Reveal
(DBN)

Watch a defensive Mike Lindell get fact-checked live by CNN over his baseless claims that China hacked the election
(DBN)

____________

New Bankruptcy Opinions
(5 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (12 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (6 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:

Colorado bankruptcies decline 22.5% in July from year ago
(DBN)

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Critical Vendors:

Critical Vendor Order Insufficient to Protect Critical Vendors Against Preference Claims
(DBN)

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Professional Employment:

Disclosures and Conflicts: The USTP's Perspective on Professional Employment
(DBN)

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Bankruptcy Reform:

Making Bankruptcy Work for Consumers: Suggested Amendments to the Bankruptcy Act
(DBN)

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Trustees:

Protecting Against the Risks of Cyber Fraud: What Case Trustees Should Know
(DBN)

Planning for the Unexpected: Proactive Measures for the Trustee to Consider
(DBN)

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Subchapter V:

An Example Of Subchapter V Accomplishing Its Purpose (In re Chip’s)
(DBN)

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Bankruptcy Bonuses:

Above-Board: Officers of a Corporation Not Entitled to Key Employee Retention Plan Payments
(DBN)

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Estimation:

To Estimate or Not to Estimate, that is the Question
(DBN)

____________

Aviation:

FAA appeals to airports for help with unruly passengers, calls for avoiding 'to-go' alcohol sales • FAA Asks Airports to Bar Carry-On Booze and Arrest Unruly Flyers
(DBN)

US plans to require COVID-19 shots for foreign travelers • White House says no decision yet on foreign traveler vaccination rule
(DBN)

Spirit canceled most flights Wednesday amid days-long disruption for strained air carriers • Spirit Airlines cancels almost half of Thursday flights • Spirit Airlines CEO explains what caused the carrier’s meltdown
(DBN)

U.K. Airlines Warn of Further Job Cuts Once Furloughs Expire
(DBN)

Virgin Galactic restarting space tickets from $450,000
(DBN)

Airlines See Grounds for Optimism Over Long-Haul Rebound
(DBN)

Lufthansa Sees Long-Haul Flight Recovery After $1.1 Billion Loss
(DBN)

Expedia Reports Loss Amid Concern About Spread of Virus
(DBN)

Norwegian Air Sees Spike in July Travelers Amidst Uncertain Prospects
(DBN)

Thai Airways selling 10 properties to raise capital
(DBN)

____________

Food/Beverage:

What you should know about indoor dining amid the delta variant
(DBN)

____________

Nursing Homes:

As breakthrough covid infections rise, nursing home chains require staffers be vaccinated
(DBN)

____________

Cruise Lines:

Carnival implements new mask policy after cruise out of Galveston reports COVID cases
(DBN)

Cruise lines begin to impose more rules as a precaution against the Delta variant.
(DBN)

Will Rising Covid Cases Stall Carnival Stock’s Recovery?
(DBN)

____________

Maritime:

Bouchard Transportation bankruptcy judge approves vessel sales
(DBN)

The world’s largest container shipping firm posts soaring second-quarter earnings
(DBN)

____________

Weddings:

The crazy, backed-up wedding industry
(DBN)

____________

Climate:

Critical ocean system may be heading for collapse due to climate change, study finds
(DBN)

‘You are all climate lawyers now,’ John Kerry tells ABA
(DBN)

Third Hottest July Ever Shows How Even Modest Global Warming Looks
(DBN)

Northwest heat wave targeted vulnerable, tested climate prep
(DBN)

‘We lost Greenville.’ Wildfire decimates California town
(DBN)

Dixie Fire tears through California town as officials warn: 'you MUST leave now'
(DBN)

The Greenland ice sheet experienced a massive melting event last week
(DBN)

Southern Europe wildfires: Which countries are affected? •Villages evacuated and ancient sites are under threat from fires ravaging Europe •Thousands flee fires in Greece, Turkey; some rescued by sea
(DBN)

Inside the Showdown Between UN Climate Science and Global Politics
(DBN)

Recreation at risk as Lake Powell dips to historic low
(DBN)

‘Irreversible’ change to Atlantic currents could drastically change Earth’s weather
(DBN)

____________

UK:

Company Voluntary Arrangements (CVAs) from a UK retailer’s perspective
(DBN)

Bailey Says ‘No Current Plan’ to Review Banker Bonus Cap Rule
(DBN)

Katie Price could face prison if she doesn't turn up to bankruptcy hearing
(DBN)

Self-Isolation Numbers Plunge in Boost for U.K. Businesses
(DBN)

BOE Warns Tightening Will Be Needed as Inflation Seen Spiking
(DBN)

Auditors Coming Under Increased Scrutiny From London Courts
(DBN)

____________

Canada:

Canada's economy holds its breath as Delta variant stalks trade partners
(DBN)

Quebec province to introduce vaccine passport
(DBN)

____________

Italy:

Italy Tightens Screws on Unvaccinated People as New Cases Rise
(DBN)

Italy to require COVID passports for indoor activities, long-distance travel
(DBN)

____________

Australia:

Is Social Stigma Towards Bankruptcy and Liquidation Useful?
(DBN)


Melbourne plunges back into lockdown a week after leaving it
(DBN)

Australia to pay hundreds of millions in reparations to Indigenous 'stolen generations'
(DBN)

____________

France:

Macron Vaccine Pass Backed by French Constitutional Court
(DBN)

____________

India:

India's brutal delta-driven wave ended when cases suddenly plunged. Weeks later, the stubborn variant persists.
(DBN)

____________

Japan:

Tokyo Hits Record of Over 5,000 Cases as Olympics Closing Nears
(DBN)

What Olympic host Japan’s COVID ‘emergency’ means
(DBN)

____________

Singapore:

Singapore Doctor Becomes Billionaire on Covid Vaccination Drive
(DBN)

____________

Venezuela:

Creditors Close In on Citgo, the Last Asset Guaido Has Left
(DBN)

Venezuela to slash six zeroes from currency
(DBN)

____________

MENA:

Israel 'Ready to Attack Iran' as Defense Minister Says 'We Need to Take Military Action'
(DBN)

Israelis told to 'stop embracing', elderly urged to get booster as Covid-19 cases spike
(DBN)

____________

Thailand:

Corporate Restructuring Strategies for the Post- Pandemic Recovery
(DBN)

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