February 2, 2021

The Daily Bankruptcy News

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Law:

Utah became first state to change ethics regulations to allow for alternative business structures
(DBN)

Citing access to justice, Arizona decided to embrace controversial alternative business structures
(DBN)

Morrison & Foerster Lays Off 4% of U.S. Staff, U.K. Staffing Under Review Morrison & Foerster cuts staff, citing trends accelerated by COVID-19 pandemic Top Am Law Firm’s Massive Restructuring Leaves 4 Percent Of U.S. & U.K. Staff Out Of Work Citing pandemic, MoFo lays off 4% of U.S. staff
(DBN)

Baker Botts Expands Financial Restructuring Practice with Addition of Partner in Houston
(DBN)

Richest law firms saw profits soar as pandemic tamped down expenses
(DBN)

The Law School Putting More Than Half Of Recent Graduates Into Judicial Clerkships
(DBN)

Women, Minorities Make Few Law Partnership Gains, Report Says
(DBN)

Black Ex-Davis Polk Lawyer to Withdraw Some Bias Allegations
(DBN)

There’s A Rise In Mental Health Issues At Columbia Law School And Students Say The Administration Has Done A Whole Lotta Nothing About It
(DBN)

Quinn Emanuel’s New Atlanta Office Has a Residential Address
(DBN)

Quinn Emanuel shuts down talk of a Boies Schiller merger
(DBN)

Elite Law Firm And Law Schools Team Up For Social Justice Initiative
(DBN)

Rival Firm Denies Poaching Girardi Keese Clients
(DBN)

Lawyer Caught Having Sex During Zoom Hearing
(DBN)

Jayne Reardon is changing the practice of law by promoting civility and looking toward the future
(DBN)

Quinten Steenhuis used tech expertise and passion for social justice to create tools for legal needs
(DBN)

'Keith Is Constantly Fumbling': The Swift Demise of a Lawyer-Client Relationship
(DBN)

Biden brother touts relationship with president in Inauguration Day ad for law firm
(DBN)

ExamSoft Tells Senators That Facial Recognition Problems Are Everyone’s Fault But Theirs
(DBN)

Cheating Scandal Aside, New Remote Bar Looks a Lot Like Old One
(DBN)

They stormed Capitol to overturn results of election they didn't vote in Disproportionate number of current and former military personnel arrested in Capitol attack Genius Wore Jacket with His Company's Name and Phone Number on It While Storming the Capitol, Kicking in Window Defiant QAnon Adherent Who Allegedly Expressed 'Need to Kill' Biden Released to Home Confinement ‘Stephen Ignoramus’ Arrested After Posting Videos of Himself at Capitol Riots Telling Viewers to ‘Repent and Believe in Jesus’
(DBN)

Was the storming of the US Capitol a coup? An academic group now says yes
(DBN)

Ocasio-Cortez says she is survivor of sexual assault while recounting Capitol riot
(DBN)

RNC chairwoman expresses regret over Giuliani news conference RNC Chair Has Regrets About Letting Rudy Giuliani And Sidney Powell Spew Legal Word Vomit At Her HQ
(DBN)

The Lincoln Project Demands Rudy Giuliani Apologize, Tells Him ‘Refuse At Your Peril’
(DBN)

Top Michigan Officials File Complaints Seeking Disbarment of Sidney Powell and Her ‘Kraken’ Team
(DBN)

Judge Offers Trump Lawyers Free Lesson On How Privilege Works
(DBN)

Trump campaign's post-election legal spending topped $7M, with Kasowitz in the lead
(DBN)

Acting U.S. Attorney That Trump Installed After Brad Raffensperger Phone Call Resigns Less Than a Month Later
(DBN)

After filing election suits, pro-Trump lawyer L. Lin Wood is asked to undergo mental health evaluation
(DBN)

Poll: Half of Americans believe Senate should convict Trump in impeachment trial
(DBN)

Report: Hate groups in decline, migrate to online networks
(DBN)

Meet the new lawyers taking over Trump’s impeachment defense; 5 others are out One of Trump's new lawyers declined to charge Bill Cosby. The other maintains Jeffrey Epstein was murdered The utter weirdness of Trump's new impeachment trial legal team announcement New Trump Impeachment Lawyers Unlikely to Push Vote Fraud Claims Impeachment Is Off To A Roaring Start As Trump Switches Out Entire Legal Team Trump legal switch hints at larger problems Trump lawyer to make First Amendment case at impeachment trial
(DBN)

Trump faces deadline to refute impeachment Trump faces Tuesday deadline to deliver formal response to impeachment as trial looms
(DBN)

Wisconsin pharmacist who destroyed more than 500 vaccine doses believes Earth is flat, FBI says
(DBN)

Chemerinsky: SCOTUS hands down a rare civil rights victory on qualified immunity
(DBN)

Lawyer gets probated suspension in Lysol can attack
(DBN)

YouTuber who interviewed Trump voters says she was surprised by support for flag burning as First Amendment right
(DBN)

Bodycam Catches Georgia Police Chief and Officer’s Racist Conversation
(DBN)

Oregon will offer support, treatment instead of prison as the first state to decriminalize all drugs
(DBN)

Violent crime spikes, property crime eases in pandemic America’s murder rate increase in 2020 has ‘no modern precedent’
(DBN)

10 arrested in Olympia hotel takeover demanding pandemic housing for homeless
(DBN)

Man Allegedly Challenged Women to Race Him or Die During Hit-and-Run Spree in Denver
(DBN)

'I Want My Dad': Police Pepper-Sprayed Handcuffed 9-Year-Old Girl in Patrol Vehicle, Video Shows
(DBN)

Man Fatally Shoots Married Couple, Then Self Following Snow Disposal Argument, Luzerne County Officials Say
(DBN)

Biden Asks Top Court to Cancel Border Wall, Asylum Arguments
(DBN)

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Judges:

Vacancy: Bankruptcy Judge, Eastern District of Oklahoma
(DBN)

Russian hack brings changes, uncertainty to US court system
(DBN)

Thanks to chief justice, the Michigan Supreme Court pivoted to remote proceedings during COVID-19
(DBN)

Judge Scott Schlegel deployed tools to help keep his docket moving at the height of the pandemic
(DBN)

Judge John Tran spearheaded adoption of tech to facilitate remote hearings and helped train lawyers
(DBN)

Pandemic Proves That Court Reporters Are As Essential As Ever
(DBN)

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Wall Street:

Dow futures jump more than 200 points after Wall Street’s strong start to the week
(DBN)

Stocks close sharply higher as Wall Street tries to move past GameStop jitters
(DBN)

What Is GameStop, the Company, Really Worth? Does It Matter? GameStop struggles to stay afloat despite stock surge
(DBN)

Why GameStop's stock could rise much, much higher GameStop stock situation isn't about populism. It's about whether the market is 'real.' GameStop short-squeeze losses at $12.5 billion YTD - Ortex data GameStop plummets 35% as short-squeeze conditions dissipate SEC Monitoring GameStop Frenzy With Eye Towards Doing Nothing The GameStop stock craze is about a populist uprising against Wall Street. But it’s more complicated than that Netflix Finalizing GameStop Stock Movie Package
(DBN)

AMC Leads Reddit-Driven Rally as Spotlight Turns to Silver AMC Entertainment stock now a 'sell' at MKM, as price target drops to $1
(DBN)

Online traders power up silver as GameStop retreats Silver is the new GameStop: Price boosted by online movement Silver becomes the new GameStop as metal soars to eight-year high Analysis: Reddit is coming for silver. A short squeeze? Unlikely Silver fund inflows surge in January on retail trading frenzy Retail investors send silver soaring to eight-year highs. Why it may not be a GameStop repeat Speculation Swirls Over Exactly Who Is Behind Silver’s Run-Up The Reddit frenzy has already quadrupled silver's options volume
(DBN)

Reddit Army Declares ‘BioWar’ as Shorted Biotechs Soar
(DBN)

Here are the biggest short squeezes in the stock market, including GameStop and AMC
(DBN)

Goldman says the stock market is undergoing its biggest short squeeze in 25 years - and that has hedge funds dumping stock exposure at the fastest rate since 2009
(DBN)

Billionaire Mark Cuban says Wall Street Bets is disrupting the financial elite: 'They want to change the game'
(DBN)

'Appropriate' for U.S. Congress to examine market volatility -White House
(DBN)

Hedge fund body alarmed by retail investor frenzy 'distortions'
(DBN)

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Politics:

McConnell says Taylor Greene's embrace of conspiracy theories a 'cancer' to GOP, country Mitch McConnell says Majorie Taylor Greene's 'loony lies' and QAnon conspiracies are a 'cancer' on the party and calls Liz Cheney 'courageous' for voting to impeach Trump Marjorie Taylor Greene boasts she is going to Mar-a-Lago to meet Trump and says he supports her 100 percent
(DBN)

Democrats look to make Marjorie Taylor Greene the face of GOP
(DBN)

Biden begins term with 49 percent approval, new Marist poll finds
(DBN)

Democrats will expand their Senate majority in 2022
(DBN)

White House reviewing whether Trump should continue receiving intel briefings
(DBN)

As Trump raked in cash denying his loss, little went to actual legal fight
(DBN)

Rep. Adam Kinzinger’s new PAC hopes to pull the GOP away from Trump
(DBN)

The View From the Republican Rebels
(DBN)

Dozens of former Bush officials leave Republican Party, calling it 'Trump cult'
(DBN)

Tiffany Dover fainted after getting the COVID vaccine on TV. Then the insanity started.
(DBN)

In Statehouses Everywhere, Republicans Have One Agenda
(DBN)

In early going, Biden floods the zone with decrees
(DBN)

A Parkland mother says Rep. Marjorie Taylor Greene privately said she doesn't believe school shootings were faked, but refuses to say so in public House Democrats file resolution to strip Marjorie Taylor Greene of committee assignments Meghan McCain urges GOP to remove Marjorie Taylor Greene from committee
(DBN)

Biden has reversed Trump's plan to cut $27.4 billion from government spending
(DBN)

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Telecoms:

Apollo can't use bankruptcy court to block litigation over LightSquared investments
(DBN)

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Economy:

U.S. manufacturing sector slows; prices paid by factories highest since 2011 - ISM ISM Manufacturing index Decreased to 58.7 in January U.S. Manufacturing Sector Expands at Record-High Pace in January — IHS Markit U.S. manufacturers still growing rapidly, ISM finds, despite COVID setbacks Factories have mixed performance as pandemic impact lingers
(DBN)

U.S. economic growth to hit 4.6% in 2021, slow by end of decade, CBO says CBO Sees a Stronger U.S. Recovery After Stimulus Moves in 2020
(DBN)

Jobs market will return to pre-pandemic level by 2022, according to latest government forecast
(DBN)

Fed’s Bostic says economy could recover more quickly than expected
(DBN)

U.S. Economy Expected to Reach Pre-Pandemic Peak by Mid-2021 Economy set to bounce back strongly in 2021, says Congressional Budget Office
(DBN)

U.S. Treasury slashes quarterly borrowing more than expected
(DBN)

Seven High Frequency Indicators for the Economy
(DBN)

GOP senators release details of $618 billion COVID relief package White House defends size of Biden's COVID package ahead of meeting with Republicans White House signals it does not expect breakthrough on COVID-19 relief at meeting with GOP White House says it's been in touch with Manchin West Virginia governor urges Congress to 'go big' on COVID-19 relief Biden's push for stimulus checks sparks income eligibility debate The Case for Compromise on Covid Relief Biden faces crossroads on virus relief bill Biden, GOP senators agree to more COVID-19 talks after 'excellent' first meeting
(DBN)

Under Biden order, workers refusing unsafe work could stay on unemployment aid
(DBN)

Trump's trade war on China was a failure in every possible way
(DBN)

Vaccine rollout issues points to 'bumpier' path to normal, unnerving stock-market bulls
(DBN)

Earned income tax credit is unifying alternative to hiking minimum wage
(DBN)

Pandemic Watchdog Is Probing Mnuchin, Cruz Roles in Fed Lending
(DBN)

Pandemic Baby Boom Turned Out to Be Bust Despite Lockdown
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Lease Defaults and Restructuring: The Impact of Bankruptcy on Commercial Landlords and Tenants
(DBN)

Federal rent relief isn't going where the renters are
(DBN)

Housing Inventory Weekly Update: At Record Lows
(DBN)

Forbearance rate left unchanged as exits slow MBA Survey: "Share of Mortgage Loans in Forbearance Remains Unchanged at 5.38%"
(DBN)

Mortgage Rates still near Record Lows
(DBN)

Black Knight Mortgage Monitor for December
(DBN)

Manhattan Office Supply Hits Record High With Skyscrapers Empty
(DBN)

Housing lawyer Sateesh Nori knew COVID-19 would force courts to go digital—so he stepped in to help
(DBN)

New home prices hit record high at end of 2020
(DBN)

Experts optimistic about housing market in 2021
(DBN)

Construction Spending Increased 1.0% in December; 4.7% Annual Increase U.S. construction spending hits record high in December
(DBN)

Home prices near Miami have risen over 25% in the last year as Silicon Valley and Wall Street billionaires flock to Florida
(DBN)

Knotel’s Bankruptcy and Acquisition by Newmark a Long Time Coming
(DBN)

WeWork in talks to go public as Knotel goes bankrupt
(DBN)

How Quarters’ $300M US expansion ended in bankruptcy
(DBN)

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Municipalities:

Biden wants to free up Puerto Rico hurricane relief withheld under Trump
(DBN)

Superstar Cities Are in Trouble
(DBN)

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Oil/Gas:

The intense glare on Exxon
(DBN)

BP reports its first full-year loss in a decade after ‘brutal’ year
(DBN)

Once united in support of Biden, environmentalists and unions clash over pipelines
(DBN)

Goldman Expects Oil Demand To Rebound To 100 Million Bpd By August
(DBN)

Oil company Baker Hughes is ‘cautiously optimistic’ on the outlook for energy demand
(DBN)

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Sports:

Super Bowl security officers prep for triple threat of pandemic, politics, crowds
(DBN)

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Healthcare:

U.S. tops 26 million COVID cases as blizzard conditions hamper vaccinations in Northeast
(DBN)

Covid Deaths Are Starting to Drop in Every Part of the U.S.
(DBN)

Dallas County Ends Deadliest Week To COVID-19 With 1,407 New Cases, 20 More Deaths
(DBN)

Why is Arizona worst for COVID-19 nationwide? Here are 7 contributing reasons
(DBN)

California's outdoor dining ban was controversial. Did it help slow the COVID-19 surge?
(DBN)

Rapid spread of U.K. coronavirus variant in Southern California sparks alarm
(DBN)

Gov. Cuomo gets blamed for New York's vaccine 'bottleneck' after 9 top health officials resign
(DBN)

Doctors Without Hospitals Hunt for Vaccines as Others Jump Ahead
(DBN)

Poll: 73 percent say Biden administration will do a good job handling coronavirus vaccine distribution
(DBN)

U.S. Lacks Race, Ethnic Data on Half of Those With Covid Shots
(DBN)

The US is in an 'absolute race against time' with new coronavirus variants, expert says
(DBN)

Chilling trend: A longer, deadlier pandemic
(DBN)

Vaccine skepticism lurks in town famous for syphilis study
(DBN)

Questions surround AstraZeneca vaccine use for elderly
(DBN)

U.S. patients scramble for appointments for second COVID-19 vaccine dose
(DBN)

'It's public service': U.S. nurses are coming out of retirement to administer vaccines
(DBN)

Covid-19 Vaccines Leave Pregnant Women in a Quandary
(DBN)

Senior citizen COVID-19 vaccination woes create more heroes we shouldn't need
(DBN)

New diabetes cases linked to covid-19
(DBN)

Dozens of countries have no plan to vaccinate refugees. That could leave everyone at risk.
(DBN)

House panel probes coronavirus outbreaks at meatpacking plants
(DBN)

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Sports:

Sports during a pandemic seemed like a terrible idea, but they have been worth the risk
(DBN)

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Hedge Funds:

Greylock Files for Bankruptcy After Losses Spur Withdrawals
(DBN)

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Autos:

Tesla's dirty little secret: Its net profit doesn't come from selling cars
(DBN)

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Private Equity:

Warren broadsides private equity following stock market volatility
(DBN)

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Entertainment:

Weinstein Co. Bankruptcy Attorneys to Receive Millions More Than Victims
(DBN)

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Climate:

Biggest Economies’ Climate Policies Fall Short of Paris Goals
(DBN)

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Agribusiness:

Pasco rancher sued by meat packer over 200,000 ‘missing’ cattle, declares bankruptcy
(DBN)

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Newspapers:

Medill survey: Few see ads as best answer to money woes
(DBN)

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Religion:

Pennsylvania Secretary of State to Resign After Bungling Constitutional Amendment That Would Allow Victims of Child Sexual Abuse to Sue Perpetrators
(DBN)

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Nursing Homes:

Only 38% of nursing home workers accepted COVID-19 vaccines, new data shows
(DBN)

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Pharma:

Ch. 11 Trustee Sought To Take Over Mallinckrodt Case
(DBN)

Purdue Sues In Ch. 11 To Access $3.3B Insurance Funds
(DBN)

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IT:

Visium Technologies Wins Dismissal of Involuntary Bankruptcy Petition
(DBN)

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Book Review:

Mary Eschelbach Hansen & Bradley A. Hansen, Bankrupt in America: A History of Debtors, Their Creditors, and the Law in the Twentieth Century (Chicago: University of Chicago Press, 2020)
(DBN)

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New Bankruptcy Opinions
(5 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Chapter 7, 12 & 13 Private Trustee Locator
(DBN)

Recent Ch. 11 Filings (28 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)

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Bankruptcy Statistics:

Farm bankruptcy filings drop 7% in 2020
(DBN)

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Safe Harbors:

Expanded Safe Harbor? Samson Resources Suggests Debtor’s Status Can Preclude Avoidance of Fraudulent Transfers
(DBN)

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CBAs:

Hotel Bankruptcy Heralds Potential Modification of Collective Bargaining Agreement Under 11 U.S.C. ý 1113
(DBN)

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Aviation:

TSA authorized to fine passengers who refuse to wear masks
(DBN)

Ryanair predicts strong recovery after record annual loss
(DBN)

Ryanair is ‘essentially’ writing off its business until Europe can improve its COVID vaccine rollout
(DBN)

Japan Airlines’ outlook worsens after quarter misses estimates
(DBN)

Factbox: China’s troubled HNA Group owns stakes in more than a dozen airlines
(DBN)

Lessors take stock as HNA creditors seek its bankruptcy
(DBN)

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Education:

St. Paul students head back to their classrooms
(DBN)

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Cannabis:

Minnesota takes another shot at legal pot
(DBN)

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Insurance:

Life insurers screen for COVID-19
(DBN)

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Coal:

U.S. power system to abandon coal by 2033: Morgan Stanley
(DBN)

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Student Debt:

Students and former students face a $15-billion debt crisis — potentially holding them back from graduating
(DBN)

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Retailing:

Bed Bath & Beyond, Lowe's will suffer as COVID-related 'nesting' ends, analyst group says
(DBN)

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Corporate Reform:

Black Americans suffered the most under Trump-era consumer-protection agency, study finds
(DBN)

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Movie Theaters:

Trading frenzy in AMC stock may stave off bankruptcy but cinema operator still faces years of recovery
(DBN)

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Yachts:

Perini Navi Declared Bankrupt
(DBN)

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Tech:

Despite claims of bias, conservatives thrive on social media
(DBN)

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Transit:

Biden’s Public Transportation Mask Mandate Will Take Effect One Minute Before Midnight. Here’s What You Should Know.
(DBN)

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Sovereigns:

Ethiopia May Engage Private Creditors After Debt Review Ethiopia's debt relief request to put other DSSI nations under scrutiny - Morgan Stanley
(DBN)

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UK:

The impact of Brexit on UK/European cross border schemes and restructuring plans
(DBN)

UK National Security & Investment Bill - the Potential Ramifications for Insolvency Practitioners
(DBN)

Personal insolvencies fell to three-year low across 2020
(DBN)

Britain's ASOS scoops up prized Arcadia brands for 265 million pounds
(DBN)

UK PM Johnson says must keep up restrictions to lower COVID rates further
(DBN)

'Loved ones, not numbers': Inside a British funeral business as COVID deaths surge
(DBN)

Scottish Parliament to hold vote on Unexplained Wealth Order into Donald Trump's finances
(DBN)

Wrapped in Brexit red tape, a UK freight firm struggles to trade
(DBN)

Philip Green’s family likely to gain £50m from Topshop sale as creditors get 1%
(DBN)

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EU:

Euro zone contracts by 6.8% in 2020 on coronavirus restrictions shock
(DBN)

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PIIGS:

As pandemic worsens, Portugal reports nearly half of all its COVID-19 deaths in January
(DBN)

Portugal Says Intensive-Care Unit Occupancy Rate Is About 94%
(DBN)

Italians flock back to coffee bars as COVID-19 restrictions eased
(DBN)

____________

Canada:

Facing insolvency, Laurentian University files for creditor protection ‘Insolvent’ Laurentian U files for protection from creditors; minister angry ‘Insolvent’ Laurentian U. learned in December a $100M liability was closer to $200M
(DBN)

Canadian Confidence Holds Up Despite New Nationwide Shutdowns
(DBN)

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MENA:

Israel: Gov't mulls ending quarantine exemptions for vaccinated returnees
(DBN)

Israel extends lockdown, sees delay in covid turnaround
(DBN)

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Myanmar:

Myanmar's military says it's taking over as world leaders look on in shock Why is the military taking control in Myanmar? Ousted Myanmar leader warned of possible army obstruction Biden under pressure for strong U.S. response to Myanmar coup Biden statement on Myanmar is directed to all countries in the region, White House says U.S. will act after sanctions law review in wake of Myanmar coup: Biden Myanmar coup is the first international challenge for Biden administration and national security team
(DBN)

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Russia:

Half of Moscow's 12million residents have had Covid-19 – six times official figures – mayor reveals as photos show huge numbers of patients being treated in city's temporary hospitals
(DBN)

Secretary of State Tony Blinken “deeply disturbed" by crackdown on Russian protesters Russia seeks jail for Putin critic Navalny Russia fines Kremlin critic Navalny's wife Yulia for taking part in protests
(DBN)

Russia Suffers Smaller Economic Slump Than Peers in 2020
(DBN)

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Japan:

Japan expected to extend COVID-19 state of emergency - sources
(DBN)

Japan's pharmaceutical industry is huge. But was far behind in coronavirus vaccine race.
(DBN)

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Mexico:

Mexicans defy pandemic blues with record remittance surge
(DBN)

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Singapore:

Small companies can apply for simplified insolvency programme from Jan 29
(DBN)

I'm a doctor in Singapore. Our COVID-19 cases have been low since last fall - here's what we're doing right.
(DBN)

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Argentina

Buenos Aires extends debt deadline again after creditor warning
(DBN)

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Germany:

Merkel Says All Germans to Be Offered Vaccine by End of Summer
(DBN)

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India:

Collusive Commercial Transactions With Corporate Debtor Will Not Constitute 'Financial Debt' Under IBC : Supreme Court
(DBN)

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China:

China’s growth is likely to moderate in the next few months, Goldman Sachs says
(DBN)

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