July 2, 2021

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Biglaw Firm Matches First-Year Salaries (In Some Markets), Senior Associates Not So Lucky
(DBN)

Law Firm Mergers Steady in First Half, But More to Come in 2021
(DBN)

Leading Restructuring Lawyer Demetra Liggins Joins McGuireWoods as Partner in Houston
(DBN)

Biglaw Associate Among Those Still Missing In Florida Building Collapse
(DBN)

A Look At Average Billable Hours
(DBN)

Return To The Office: How Much Money Would It Take For Lawyers To Give Up Remote Flexibility?
(DBN)

Vinson & Elkins turbocharges NQ salaries to £153,000
(DBN)

A New Paradigm: Working From Home And Embracing Being Mom
(DBN)

Ex-Fox Rothschild Worker Too Quick With Appeal of Sex Bias Loss
(DBN)

Big Law Innovation Missed Something: Lawyers Are Important
(DBN)

UK partner: Sorry for calling Tories 'knobs', 'turds' and 'racist bigots'
(DBN)

Tribunal clears Linklaters and dismisses paralegal's sexual harassment claims
(DBN)

'Young, cool' partner found guilty of drunkenly fondling students
(DBN)

M&A Boom Shows No Sign of Abating After Epic First Half
(DBN)

If You're Working This Weekend It Might Be Because Your Bosses Are Dropping The Ball
(DBN)

State supreme court asked to consider new licensure paths for lawyers
(DBN)

5th Circuit keeps sanctions against Marc Elias in voting case
(DBN)

From Time Spent Behind Bars To Getting Admitted To The Supreme Court Bar
(DBN)

Lawyer Suspended For 'Intend[ing] To Incite Intensified Racial Conflict'
(DBN)

'Debevoise Faced a Demand Crisis. Its Solution Required Change From the Ground Up
(DBN)

How Our Legal System Works for the Wealthy
(DBN)

The special grand jury used in Trump's case, explained Allen Weisselberg, You Got Some Splainin' To Do What we know about 'Unindicted Co-conspirator #1' in the indictment against the Trump Organization and its CFO Trump Organization says CFO is ‘pawn’ for politics in criminal prosecution Trump Organization Charges Magnify Risks of Debt Refinancing Manhattan D.A.’s Case Isn’t the Only Legal Threat Trump Faces Trump prosecutors confront accusations of political bias Prosecutors aren't targeting Trump's company. They're following the law. Trump’s Former Execs Wonder If It’s ‘the Beginning of the End’ Trump seeks to use indictments as a political rallying cry as he tries to survive latest legal threat Trump Organization CFO pleads not guilty to 15 felony counts including grand larceny in tax dodge scheme Trump Organization CFO Allen Weisselberg Pleads Not Guilty to Grand Larceny, Fraud, and Other Charges in Alleged 15-Year Tax Scheme 3 takeaways from the Trump Organization and Allen Weisselberg indictments 'There's just no legal defense': Trump Organization in jeopardy, experts say Trump CFO’s Luxury Perks Could Lead to Long Prison Sentence Trump Organization indictment hints at downsides of having no independent oversight – unlike companies traded on Wall Street Explainer: How could the indictment hurt Trump’s company? The Trump Organization kept 'internal spreadsheets' documenting its alleged criminal conduct, prosecutors say
(DBN)

Trump offers Democrats a limited look at financial data
(DBN)

Giuliani’s Messages With Fox Sought by Dominion in Election Suit
(DBN)

Pelosi appoints Liz Cheney to House select committee investigating Jan. 6 Released Capitol rioter who wants to 'play for all the marbles' stockpiled weapons while awaiting trial Marjorie Taylor Greene Says She Would Serve on January 6 Committee to 'Protect the Truth' A look at 8 lawmakers appointed to probe Jan. 6 attack
(DBN)

Supreme Court upholds Arizona voting laws a lower court found were unfair to minorities Supreme Court Erodes Voting Rights Act in 6-3 Vote: Conservatives See No 'Racially Discriminatory Purpose' in Arizona Precinct Rules Supreme Court upholds Arizona voting restrictions, including 'ballot harvesting' ban Supreme Court blunts voting rights in Arizona - and potentially nationwide - in controversial ruling Directions Unclear: SCOTUS Makes It Harder To Vote? The Supreme Court leaves the Voting Rights Act alive — but only barely Justice Alito Eviscerates Voting Rights Act With Masterclass Of Sophistry Kagan Dissent Says Alito Wants to Enable Voter 'Discrimination,' Accuses Conservatives of Judicial Activism and ‘Lawmaking’ Lawyers, advocates reeling from SCOTUS voting rights decision Voting rights ruling increases pressure on Democrats to act
(DBN)

Gorsuch, Thomas Want to Prevent People from Suing At All When States Limit Voting Rights
(DBN)

Agreeable Supreme Court term ends with conservative wins
(DBN)

Donor disclosure requirement violates First Amendment rights of association, SCOTUS rules Conservative Justices Strike Down California Donor Disclosure Law; More 'Dark Money' in Politics Will Likely Follow
(DBN)

Artist-attorney uses Supreme Court opinions to create a series of blackout poems
(DBN)

Cop Caught in Prostitution Sting Claimed He Had His P---- Out to Make Prostitutes 'Feel Comfortable,' Vice Officer Recalls
(DBN)

Boston Police Officer Produced Phony Arrest Report in Plot to Help Best Friend's Brother: Ethics Board
(DBN)

Miya Ponsetto charged with hate crime after falsely accusing Black teen of phone theft
(DBN)

'We Will Hunt You Down': Whistleblower's Lawyer from First Trump Impeachment Recounts Death Threats Against Him That Recently Sent a Man to Prison
(DBN)

As Ghislaine Maxwell's Criminal Trial Looms, Judge Orders More Files Unsealed in Civil Case
(DBN)

Hard lessons for lawyers in Cosby case; tougher for victims Cosby prosecutor shocked by overturned conviction A procedural violation got Bill Cosby out of jail. Legal experts say someone dropped the ball Cosby accusers say they are 'stunned' at court's decision to let the actor go free Whither #MeToo? Chilling effect of Cosby reversal feared Cosby's Wife Never Visited Him in Prison
(DBN)

George Orwell, Oscar Wilde Help Topple $37 Million Tobacco Award
(DBN)

Gunman in 2018 Thousand Oaks shooting motivated by hatred of college students, report says
(DBN)

Texas soldier who shot protester indicted on murder charge
(DBN)

Mother fatally shot while helping her son get settled at Naval Academy, police say
(DBN)

Concern over crime is growing - but Americans don't just want more police, Post-ABC poll shows
(DBN)

Robinhood settles suicide wrongful death lawsuit of 20-year-old trader
(DBN)

Man Threatened to Blow Up McDonald's After Not Getting Sauce With His McNuggets: Prosecutors
(DBN)

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Judges:

BK ND IN: Appointment of the Honorable Paul E. Singleton
(DBN)

District Judge to Purdue: "You Don't Get to Choose Your Judge"
(DBN)

President Biden Names Fifth Round of Judicial Nominees
(DBN)

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Wall Street:

US stocks head for 7th day of record highs, while oil tops $75 for the first time since 2018
(DBN)

Stocks reach for records as U.S. jobless claims dive
(DBN)

Lazard’s Orszag Says Price of Bankers Is Rising Across Industry
(DBN)

Hertz Stock Rages On After Bankruptcy With Surge, Then Plunge
(DBN)

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Layoffs:

Caixabank to cut 6,450 jobs in Spain's biggest banking staff overhaul -union
(DBN)

Roche confirms it could cut 300 to 400 product development jobs
(DBN)

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Sports:

Should colleges pay their athletes? The answer is complicated
(DBN)

LSU Gymnast Olivia Dunne Could Become First Million Dollar College Athlete With New NIL
(DBN)

Washington Football Team fined $10 million for 'bullying and intimidation' at workplace
(DBN)

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Healthcare:

New rules protect patients from surprise medical billing
(DBN)

Health insurers are threatening not to cover some patients’ ER bills
(DBN)

Crushed by COVID-19 Medical Bills, Coronavirus Victims Need Debt Relief Under the Bankruptcy Code and Workers’ Compensation Laws
(DBN)

Graphs show where the Delta variant is surging fastest in the US, with huge spikes in Missouri, Colorado, Utah, and Arkansas
(DBN)

Covid cases up 10 percent this week as 'hypertransmissible' delta variant spreads, CDC says
(DBN)

1,000 US counties still have vaccination rates below 30% - particularly in the Southeast and Midwest, CDC says
(DBN)

July 1st COVID-19 New Cases, Vaccinations, Hospitalizations
(DBN)

Delta variant exploits low vaccine rates, easing of rules
(DBN)

What it's like to visit my unvaccinated relatives
(DBN)

White House launches 'surge response' teams to delta variant hot spots
(DBN)

First DNA Covid Vaccine Found 67% Effective in Clinical Trials
(DBN)

Africa Faces Worst Week of Pandemic as Delta Variant Spreads
(DBN)

Delta variant sweeps Asia, prompting curbs as vaccination remains tepid
(DBN)

Disgraced doctors, unlicensed officials: Prisons face criticism over health care
(DBN)

Experts question if WHO should lead pandemic origins probe
(DBN)

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Alternative Energy:

Biden Advances Dominion Bid for Biggest U.S. Offshore Wind Farm
(DBN)

____________

Economy:

ISM® Manufacturing index Decreased to 60.6% in June
(DBN)

Tumbling lumber prices are a sign that strong inflation will be temporary, Bank of England boss says
(DBN)

CBO Doubles Growth Forecast to 7.4%
(DBN)

US wages expected to jump in June, but will not make up for inflation
(DBN)

Student Loans. Medical Debt. Criminal Justice Fees. Cancel It All.
(DBN)

Getting Ahead of Consumer Loan Defaults Post-Pandemic
(DBN)

As US companies scramble to hire, workers enjoy upper hand
(DBN)

Weekly Initial Unemployment Claims decrease to 364,000 US jobless claims fall to 364,000, a new pandemic low U.S. Initial Jobless Claims Post Larger-Than-Expected Decline
(DBN)

U.S. deficit to hit $3 trillion in 2021, then fade as stimulus relief expires, CBO says
(DBN)

As US companies scramble to hire, workers enjoy upper hand
(DBN)

Employees speaking out against Apple's limit on fully remote jobs is a sign the pandemic may permanently weaken employer control over workers
(DBN)

Workers are 'epiphany-quitting' their jobs after the pandemic forced them to rethink everything about their lives
(DBN)

U.S. companies spend billions on stay-at-home tech, boding ill for office properties
(DBN)

Goldman to Move Tokyo Headquarters, Reaffirming Work-From-Office
(DBN)

Hiring Bonuses Catch On in U.S. Race to Add Workers, Indeed Says
(DBN)

June Employment Preview Goldman June Payrolls Preview
(DBN)

The first half of 2021 saw record-smashing global deal numbers
(DBN)

U.S. Manufacturers Expand at Solid Pace While Price Gauge Soars
(DBN)

Long-term borrowing for infrastructure and other needs could be a great deal for taxpayers
(DBN)

Trump-district Dems balk on reconciliation
(DBN)

130 countries agree to global minimum corporate tax rate Ireland Says It’s Not in a Position to Join Global Tax Agreement Imperfect global tax deal is perfect springboard
(DBN)

Congress Lacks Clear Plan to Raise Debt Limit Ahead of Deadline
(DBN)

Treasury Bill Supply Cuts Loom as U.S. Debt Ceiling Set to Return
(DBN)

House passes its own $715 billion infrastructure bill House passes roughly $760 billion transportation and water bill, making its pitch on infrastructure
(DBN)

America’s trillion-dollar concrete bill is coming due
(DBN)

Destroying Biodiversity May Cost the World $2.7 Trillion a Year
(DBN)

Company-wide vacations could be the future of paid time off
(DBN)

What’s different for working women in Canada?
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

Mortgage Rates in the U.S. Decline, With 30-Year Loans at 2.98%
(DBN)

Interest in mortgages hits lowest level in 18 months
(DBN)

Manhattan’s Supply of Office Space Climbs to Another Record
(DBN)

Cash Offers Rule Long Island as Buyers Race for Suburban Homes
(DBN)

A federal ban on evictions is lifting this month. It's a looming disaster for women of color.
(DBN)

Black Americans still face massive housing barriers
(DBN)

Biden visits Surfside as search efforts paused over "structural concerns" Video taken minutes before Miami building collapse shows leak in garage Biden Offers More Federal Support in Surfside Search and Rescue Officials halt search-and-rescue efforts at site of collapsed Florida condo building after hearing cracking noises 'Waiting is unbearable': Biden consoles Surfside families Awful scenes of Miami condo collapse trigger pain for 9/11 victims' loved ones Collapse survivors escaped with their lives, but little else Voicemail captures survivor's panic as Miami condo building started to crumble One family's harrowing escape from the collapsing condo building: 'Run, fast!' Champlain Towers South carried a $5M policy, insurers gear up for legal claims Inspector Who Said Florida Tower Appeared in ‘Good Shape’ Is Now Under Scrutiny 72 units of Central Florida condo complex deemed unsafe, residents relocated Collapsed Florida condo building likely to be demolished
(DBN)

Construction Spending increased 0.2% in May
(DBN)

Welcome to the Great Housing Crisis of 2021
(DBN)

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Municipalities:

Puerto Rico Oversight Board says local approval not needed for debt adjustment
(DBN)

____________

Oil/Gas:

Oil producers are walking 'a tightrope' to match surging fuel demand
(DBN)

U.S. Oil Nears 7-Year High as OPEC Keeps Output Grip Tight Amid Demand Rebound
(DBN)

Oil companies bet on $100 a barrel as they rush to sell assets
(DBN)

Shadow Lenders Take Over In The U.S. Shale Patch
(DBN)

U.S. Crude Futures Top $75 for First Time Since October 2018
(DBN)

Loan tied to troubled St. Croix refinery plunges in value
(DBN)

Capping methane-spewing oil wells, one hole at a time
(DBN)

ExxonMobil's newest headache may be contagious
(DBN)

Exxon Mounts Feeble Walkback After Lobbyist Caught on Camera Telling Truth About Anti-Climate Agenda
(DBN)

Runaway Oil Spreads Flash Warning for U.S. Crude Inventories
(DBN)

____________

Food/Beverage:

Fresh From Bankruptcy, Pandemic, Perkins Is Ready to Grow
(DBN)

____________

Hotels:

Hotels: Occupancy Rate Down 7% Compared to Same Week in 2019
(DBN)

Bill Passes to Convert NY Hotels Into Affordable Housing
(DBN)

____________

Mass Torts:

Boy Scouts reach $850 million settlement with thousands of sexual abuse survivors Boy Scouts' Initial $850 Million Child Sex Abuse Settlement Could Lead to Billions in Payments Boy Scouts of America reaches pivotal agreement with victims of sex abuse Boy Scouts could be forced to pay BILLIONS in sexual abuse settlements, victims’ attorney says
(DBN)

Scouting Groups Report Losing About 1.7 Million Members During Pandemic
(DBN)

____________

Religion:

Celebrations of Canada's national day muted amid furor over unmarked graves Discovery of unmarked First Nation graves turns spotlight on Canada’s colonial legacy
(DBN)

Gator finds its way to Florida church
(DBN)

____________

Celebs:

Britney Spears Co-Conservator Seeks to Resign: Bessemer Trust Thought Situation Was 'Voluntary,' 'Respects Her Wishes'
(DBN)

____________

Crypto:

A key measure of the health of the bitcoin network has tumbled 50% from its peak in May following China's crypto crackdown
(DBN)

____________

Retailing:

Alex and Ani’s Ch. 11 Journey and Store Leases
(DBN)

Amazon Delivery Companies Revolt Against Amazon, Shut Down
(DBN)

____________

History:

Betsy Ross likely didn’t sew the first U.S. flag
(DBN)

____________

Climate:

Wildfire engulfs village that set Canada's all-time heat record
(DBN)

Welcome to our hellscape summer
(DBN)

Historic heat wave in Pacific Northwest has killed hundreds in U.S. and Canada over the past week
(DBN)

Historic heat wave sparks ferocious wildfires in British Columbia
(DBN)

‘Nobody’s winning’ as drought upends life in US West basin
(DBN)

Underpaid firefighters, overstretched budgets: The U.S. isn't prepared for fires fueled by climate change
(DBN)

Summer Is Already Off to a Wild Start
(DBN)

Here are the 5 climate provisions House Democrats want Biden to include in the bipartisan infrastructure deal
(DBN)

The Pacific Northwest is melting now, but all across America the infrastructure we have was built for the wrong century.
(DBN)

____________

New Bankruptcy Opinions
(4 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (13 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (9 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:

Recent CVAs, Schemes and Restructuring Plans: May/June Round-Up
(DBN)

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Bankruptcy Strategy:

In Defense Of Expedited Bankruptcies
(DBN)

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Indenture Trustees:

Delaware Bankruptcy Court Limits Recovery of Indenture Trustee’s Attorney’s Fees in Tribune Case
(DBN)

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Cross-Border:

Chilean bank shareholder secures bankruptcy protection in Delaware
(DBN)

____________

Discharge:

Do § 523(a) Discharge Exceptions Apply To Corporations In Subchapter V? (Better Than Logs & Satellite Restaurants)
(DBN)

____________

Aviation:

2021 Is Set To Be Another Grim Year For Global Tourism
(DBN)

The borders are staying shut
(DBN)

Travel was cheap when no one was traveling. That era is over.
(DBN)

Delta Air Lines announced its intention to acquire $185 million, plus interest and fees, of Grupo Aeromexico’s commitments with Apollo Global Management
(DBN)

I volunteer at a major airport and deal with hundreds of unprepared travelers. Here are 12 ways to avoid lines and have a stress-free summer travel experience
(DBN)

Jet Airways creditors set to recoup just 5% of monies owed
(DBN)

Man's Creative Hack to Skip Airport Security Lines Divides Opinion
(DBN)

Double jabs a 'liberator' for travel, says Boris Johnson
(DBN)

____________

Education:

College students skeptical of GOP crackdown on critical race theory
(DBN)

Teachers say critical race theory doesn't apply to K-12 curriculums
(DBN)

____________

Autos:

Volkswagen sees strongest first-half U.S. sales since 1973
(DBN)

Hertz noteholders seek penalty payments for early debt payoff Wells Fargo Sues Hertz Over Ch. 11 Early Note Payoff Charge
(DBN)

Anticipating the Driverless Future of Vehicles
(DBN)

____________

Utilities:

PG & E’s bankruptcy promises to level off after a deadly flame After deadly blazes, PG&E's bankruptcy promises falling flat
(DBN)

As the U.S. tries to beat the heat, a shaky power grid is pushed to the brink
(DBN)

____________

Cruise Lines:

Florida banned vaccine requirements on cruises. Two big lines don't seem to care.
(DBN)

I went on Royal Caribbean's 7-day cruise to the Bahamas. I felt completely safe, but my heart broke seeing how hurt the tourism industry is.
(DBN)

____________

Politics:

Ballots, voting equipment moved again as review of 2020 election drags on in Arizona's Maricopa County
(DBN)

Women make up 60% of White House staff, diversity total at 44% White House releases staff salaries, touts closing the gender wage gap
(DBN)

Liberals sour on Bernie
(DBN)

Challenging new GOP election limits just got harder, voting rights advocates say
(DBN)

The GOP's Long Assault on Voting Rights
(DBN)

Months behind schedule, Arizona election auditors extend lease again
(DBN)

DeSantis Vetoes Civic Education Bill Passed Unanimously After 'National Review' Op-Ed
(DBN)

California sets date for recall election targeting Newsom
(DBN)

White House mobilizes to defend Harris
(DBN)

____________

UK:

UK Government Consultation on amendments to the insolvency arrangements for insurers
(DBN)

UK Directors: beware of your personal risk as wrongful trading suspension ends
(DBN)

High Court rejects scheme of arrangement on FCA objections
(DBN)

U.K. Furloughed Jobs Plunge by 1.2 Million as Economy Reopens Furlough figures plunge, but travel workers, older people and men remain vulnerable
(DBN)

UK GDP recovery falters
(DBN)

Boris Johnson Believes U.K. Lockdown Can End Mid-July, 'Extra Precautions' Needed Till Then
(DBN)

Sterling plumbs two-month low in wake of BoE governor's comments
(DBN)

Over 6 million EU citizens apply to settle in post-Brexit UK
(DBN)

____________

EU:

Coronavirus cases rise in Europe for first time in 10 weeks as delta variant spreads
(DBN)

Euro zone producer prices accelerate in May
(DBN)

ECB's Lagarde says euro zone recovery still fragile
(DBN)

____________

Germany:

German retail sales recover in May
(DBN)

____________

Hong Kong:

Scheme of Arrangement to Restructure Foreign Debt
(DBN)

____________

Taiwan:

Undersampling bankruptcy prediction: Taiwan bankruptcy data
(DBN)

____________

China:

Cross-Border Insolvency Law and Practice of Financial Institutions in the Aftermath of Global Financial Crisis
(DBN)

How China's Communists Came to Lead World's Largest Army, Soon Economy, in 100 Years How the Chinese Communist Party Outwitted American Capitalists
(DBN)

Private Sector is China's Main Economic Driver
(DBN)

____________

India:

India confirms 400K dead, half in past 2 months
(DBN)

____________

Venezuela:

Venezuela to Cut Six Zeroes Off Bolivar to Simplify Transactions
(DBN)

____________

Turkey:

Turkey officially withdraws from landmark treaty protecting women from violence
(DBN)

____________

Spain:

EU Recovery Funds Are Set to Transform Spain’s Economy, CEOs Say
(DBN)

____________

South Africa:

As Covid Cases Surge, South Africa Eschews Weekend Vaccinations
(DBN)

____________

Australia:

Australia locks out thousands more citizens as virus slip-ups mount
(DBN)

____________

Indonesia:

Thousands Line Up for COVID Vaccines in Indonesia as Country Sees Deadliest Pandemic Day
(DBN)

Woman passes out in pain after receiving 100 lashes for having pre-marital sex under Sharia law punishment handed out in Indonesian province
(DBN)

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