July 20, 2021

The Daily Bankruptcy News

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Law:

‘We Need All Lawyers In The Office’ Says Bank Definitely Not Freaking Out About Commercial Real Estate Portfolio • Law firms ‘cannot long endure a remote work model,’ says Morgan Stanley chief legal officer • Morgan Stanley Back-to-Office Call Puts Law Firms in Tough Spot • Morgan Stanley Letter Pits Client Preference Against Talent Market Demands
(DBN)

Lawyers Want Both In-Office Socializing and No Commute
(DBN)

Biglaw Firm Raises Salaries AGAIN, And Enhances Its Bonuses To Boot
(DBN)

For The First Time In Ages, Associates Are In Control Of The Market
(DBN)

The Biglaw Associates Most Likely To Make A Lateral Move
(DBN)

Salaries Are On The Rise At Yet Another Law Firm
(DBN)

Winston Adds Head of McDermott’s Restructuring Practice in NYC
(DBN)

Jordana L. Renert Joins Lowenstein Sandler as Partner in the Bankruptcy & Restructuring Department
(DBN)


There’s a New Episode of ‘Mommy Wars’ at the American Bar Association
(DBN)

Elite Firm Will Require Vaccination, But Other Reopening Policies Are Very Flexible
(DBN)

How an O'Melveny discovery sleuth saved the day
(DBN)

NSO Spyware Leak: Lawyers, Activists at Risk
(DBN)

Survey Results Hint at Legal Tech/Workload Disconnect
(DBN)

Anatomy Of A Federalist Society Complaint
(DBN)

Films like ‘Adaptation’ can give lawyers a window into how to construct compelling narratives in court
(DBN)

Law School Student Charged With Murder • Orange County, California Law Student Charged with Girlfriend's Murder After Waking Up to Find Hotel Room 'Covered in Blood'
(DBN)

Federal prosecutors ‘deliberately misled’ court, judge says; alleged fraudsters get new trial
(DBN)

Kraken Lawyer Siccing Private Investigator On Michigan Election Clerks
(DBN)

Giuliani tore into Christie after criticism of Trump legal team: book • Aides who clashed with Giuliani intentionally gave him wrong time for Trump debate prep: book
(DBN)

Trump Flag Bearer Gets First Prison Term for Capitol Riot • 'More Than a Simple Riot': Florida Man Will Spend Eight Months Behind Bars in First Felony Sentencing for the U.S. Capitol Breach • Trump on Capitol rioters: ‘What I wanted is what they wanted’ • Proud Boys Leader Pleads Guilty to Property Destruction in Burning of '#BlackLivesMatter' Banner Stolen from D.C. Church • McCarthy taps 5 House Republicans to serve on Jan. 6 select committee to probe pro-Trump riot • Jim Jordan among McCarthy picks for Jan. 6 panel • Pizzeria Owner Mounts Truly Bizarre Defense for Jan. 6 Riots • Merrick Garland Needs to Show He Knows What Jan. 6 Was Really About
(DBN)

Garland formally prohibits seizure of reporters' records
(DBN)

Inside the Trump Org Money Man's Interview with Investigators • Trump Organization official who reportedly testified for prosecutors previously said Trump misused charity funds
(DBN)

Microsoft Exchange hack caused by China, US and allies say
(DBN)

Police Warn ‘Video Games Are Not Real’ After Man Allegedly Tries to Steal Jet at Airport
(DBN)

Gunman Opened Fire at EMTs, Firefighters, and Police as House Burned Down: Authorities
(DBN)

3 arrested in Georgia after allegedly assaulting boy, shaving word 'gay' into his scalp
(DBN)

Man Who Beat His Wife to Death on Cruise Ship After She Asked for Divorce Has Died in Prison
(DBN)

'A Celebrity Entourage Is Not a Police Department': Five of Tekashi 6ix9ine's Security Guards, Including Ex-NYPD Detective, Indicted for Robbery
(DBN)

Ghislaine Maxwell owes New York State more than $1.5M in back taxes
(DBN)

Woman Let God Take the Wheel at 120 MPH
(DBN)

Jury awards fired Walmart worker $125 million. She’ll get less than 1%, Walmart says
(DBN)

Judge Drops Charges Against Man Convicted of 1985 Double Murder Inside Church After More Than 20 Years in Prison
(DBN)

Biden Legal Team Decides Inmates Must Return to Prison After Covid Emergency
(DBN)

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Judges:

Public Notice for Reappointment Of Bankruptcy Judge Robert E. Grossman
(DBN)

Lawyer Heading To Jail After Telling Judge 'F*** You' • Lawyer who lobbed F-word at judge is sentenced to jail time
(DBN)

N.Y. Court System, Ex-Judge Accused of Sexual Abuse by Secretary
(DBN)

Man Who Promised to Assassinate Michael Flynn’s Judge with a 'Hot Piece of Lead' Is Sentenced to Prison
(DBN)

If History Proves Anything, It’s That We Don’t Know How Long Stephen Breyer Will Serve
(DBN)

Does Biden intend to curtail the Supreme Court’s powers?
(DBN)

Confirmed: Cunningham Will Be Federal Circuit's First Black Judge
(DBN)

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Wall Street:

Dow futures rebound by 200 points after blue-chip average suffers worst day in 8 months
(DBN)

Dow plummets 726 points for worst day of 2021 as virus variants threaten global recovery
(DBN)

Shutdown Angst Clouds Markets Again With Covid Cases on the Rise
(DBN)

Robinhood warns retail trading is slowing down, especially in cryptocurrencies
(DBN)

As stock prices peak, markets begin to fear looming threats
(DBN)

______________

Mass Torts:

The Third Circuit, Latent Tort Claims and Bankruptcy Code § 524(g)
(DBN)

Johnson & Johnson Mulls Putting Talc Liabilities into Bankruptcy — Report • Johnson & Johnson weighs talc bankruptcy as billions in legal costs pile up: report • J&J mulls shifting liabilities from baby powder suits to new company
(DBN)

How Bankruptcy Could Help Johnson & Johnson Corral Vast Talc Litigation • Johnson & Johnson Legal Rep Floats Subsidiary Bankruptcy Filing Over Talc Lawsuits
(WSJ)

Talc Plaintiffs' Attys Fume At Idea J&J Might Use Ch. 11 Tactic
(DBN)

____________

Cannabis:

Is Chapter 15 Available to a Cannabis MSO? In the Face of Uncertainty, Tread Lightly
(DBN)

U.S. Pot Legalization Bill Gets a Frosty Reception
(DBN)

____________

Agribusiness:

China is buying up American farms. Washington wants to crack down.
(DBN)

____________

Autos:

AutoNation CEO Calls Industry Overproduction the ‘Old Model’
(DBN)

____________

Politics:

Inspired by Texas Dems, Lindsey Graham urges Republicans to 'leave town' to stop $3.5 trillion budget package
(DBN)

White House confirms Harris got COVID-19 test after meeting with Texas Democrats
(DBN)

Voting in Texas is already difficult, experts say. Will the Republican bills change that?
(DBN)

Most Arizona Republicans say election audit will show Trump won: poll
(DBN)

U.S. Pollsters Mark Worst Performance in 40 Years in 2020 Campaign • Pollsters: 'Impossible' to say what went wrong in 2020
(DBN)

‘Facebook isn’t killing people’ — Biden walks back attack over vaccine lies
(DBN)

'Consistent thread': Harris staff complaints predate her vice presidency
(DBN)

Greene gets 12-hour Twitter suspension over COVID-19 misinformation
(DBN)

Idiocracy: Now It Seems Like a Documentary
(DBN)

____________


Economy:

Biden Says Inflation ‘Temporary,’ Affirms Fed Independence • Biden says inflation temporary; Fed should do what it deems necessary for recovery
(DBN)

Bubbles, bubbles everywhere: Jeremy Grantham on the bust ahead
(DBN)

The Pandemic Safety Net Is Coming Apart. Now What?
(DBN)

10-year Treasury yield continues slide, falls to 1.17%
(DBN)

Wall Street's new fear is that the economy has already peaked
(DBN)

Delta fears grip economy as cases jump across the country
(DBN)

Companies may be afraid to give bullish outlooks because of delta variant fears
(DBN)

Bill Ackman still sees a massive economic boom despite the delta variant, says rates to rebound
(DBN)

Men will find jobs more quickly than women over the next year, U.N. says
(DBN)

The child tax credit is blowing up on TikTok. That should tell lawmakers something.
(DBN)

Why Everyone's Experience of Inflation Is So Different
(DBN)

Seven High Frequency Indicators for the Economy
(DBN)

Worried about a population bust? History shows we shouldn't be.
(DBN)

More Than a Third of Earth’s Population Faces Malnutrition Due to Covid
(DBN)

Schumer Sets Crucial Test for Action on Infrastructure, Spending • Schumer sets up Wednesday infrastructure showdown • GOP says Schumer vote will fail • Negotiators struggle to finish infrastructure deal with clock ticking
(DBN)

Yellen Expresses Doubts on Results of Trump’s China Trade Deal
(DBN)

Internal Apple letter shows employees are still fighting to work from home • Most Americans like remote work — but Democrats like it more
(DBN)

Why many people who make over $100,000 will likely continue to work from home
(DBN)

Zoom bets billions on home working continuing in Five9 deal
(DBN)

NBER: Recession Trough in April 2020
(DBN)

Society is right on track for a global collapse, new study of infamous 1970s report finds
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

The Rules of Rejection–In Re Sanchez ’s New Take on Real Property Covenants
(DBN)

NAHB: Builder Confidence Declined to 80 in July • U.S. Homebuilder Sentiment Falls to 11-Month Low in July • Homebuilder confidence is still high, but it slipped this month as costs grew • Home-builder confidence wanes amid ongoing shortages of workers and materials
(DBN)

MBA Survey: "Share of Mortgage Loans in Forbearance Decreases to 3.50%"

Finding Good Real Estate Deals Among the Ruins
(DBN)

Phoenix Real Estate in June: Sales Up 2% YoY, Active Inventory Down 33% YoY
(DBN)

Homebuyers aren’t seeing savings from falling lumber prices – here’s why
(DBN)

Housing Inventory July 19th Update: Inventory Increased 5% Week-over-week, Up 27% from Low in early April
(DBN)

Meet the slew of investors hosing up homes and buying up America’s suburbs
(DBN)

Retail real estate group grapples with post-pandemic landscape, changes name
(DBN)

Mall Identity Crisis As Even Official Body Ditches Shopping Centers
(DBN)

Mohamed Hadid could lose millions as he goes to trial over mansion
(DBN)

Ousted WeWork co-founder Adam Neumann extracted more than $2.1 billion from firm since its founding while it burned through cash and laid off workers after failed IPO, new book claims
(DBN)

____________

Municipalities:

Biden’s task force on Puerto Rico meets for first time Tuesday
(DBN)

Three of top 10 least livable cities in U.S. are in Texas: Plano, Dallas, Austin
(DBN)

____________

Oil/Gas:

U.S. oil drops 8% to below $70 amid OPEC production boost and Covid fears
(DBN)

Chevron’s Carbon Capture Struggle Shows Big Oil’s Climate Hurdle
(DBN)

US Fossil Fuel Use at 3 Decade Low
(DBN)

____________

Cruise Lines:

11th Circuit keeps CDC cruise ship rules in place • DeSantis warns he'll take legal fight against CDC's COVID-19 cruise ship rules to Supreme Court if necessary
(DBN)

____________

Newspapers:

Inside Facebook’s $1.6 Billion Bid to Save Journalism: Secret Deals, Favored Partners and Few Details
(DBN)

____________

Celebs:

Britney Spears’ former bodyguard claims she was given cocktail of powerful drugs once a week
(DBN)

____________

Food/Beverage:

Pipeline Foods' bankruptcy creates headache for growers of organic grain
(DBN)

____________

Taxis:

Houston’s Yellow Cab files for bankruptcy, could be replaced by zTrip
(DBN)

____________

Banking:

Agencies Release Public Sections of Resolution Plans for Eight Large Banks
(DBN)

____________

Coal:

Vistra to shut down Ohio coal plant five years earlier than expected
(DBN)

____________

Movie Theaters:

AMC signs deal to lease The Grove and Americana, two of Los Angeles’ top-grossing cinemas
(DBN)

____________

Travel:

Travel prices and crowds are surging — but not at these U.S. destinations
(DBN)

____________

Healthcare:

Deaths up 25% from two weeks ago; cases rising in every state
(DBN)

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

A 22% surge in US coronavirus deaths is hitting unvaccinated people hardest. Experts worry about the long-term effects for vaccinated people, too.
(DBN)

Fox News hosts urge viewers to get vaccinated following criticisms of network • Fox Requires a Form of Vaccine Passport • Hannity: 'I believe in the science of vaccination'
(DBN)

Making sense of the recent Covid-19 spike
(DBN)

All children should wear masks in school this fall, even if vaccinated, pediatrics group says
(DBN)

Delta Is Driving a Wedge Through Missouri
(DBN)

Acceptance and Anger as Los Angeles Mandates Masks Again
(DBN)

NYC councilman wants mask mandate reinstated • NYC Won’t Re-Up Mask Mandate Indoors Despite Delta Variant Spike
(DBN)

L.A. County coronavirus spike hits alarming levels, with 10,000 infected in a week, as Delta variant spreads
(DBN)

Asia Fears Summer of Virus as Stocks Selloff on Delta Concern
(DBN)

Mom of Georgia man, 24, who refused vaccine then needed a lung transplant because of COVID-19 begs people to get their shots
(DBN)

China Sees WHO COVID-19 Origin Report as Exoneration of Lab. WHO Disagrees.
(DBN)

New Data Leads To Rethinking (Once More) Where The Pandemic Actually Began
(DBN)

____________

 
New Bankruptcy Opinions
(3 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 (73 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:

The Texas Two-Step: The New Fad in Fraudulent Transfers
(DBN)

______________

Arbitration:

Enforceability of arbitration clauses in bankruptcy: Insights from leading practitioners from Russia, Ukraine, England, France, Germany, Singapore and Hong Kong
(DBN)

____________

Aviation:

Airline stocks, Boeing tumble as Covid cases climb
(DBN)

F35: Close to 15 percent of the planes are reportedly without engines, which are considered by most experts to be vital to powered flight
(DBN)

Auditors cast ‘significant doubt’ over Garuda’s survival
(DBN)

____________

Cannabis:

The $8 Billion Question: Which Towns Will Cash In on Marijuana?
(DBN)

____________

Utilities:

California utility says its equipment may be linked to fire
(DBN)

Judge OKs distribution for $192M nuclear project settlement
(DBN)

____________

Pharma:

Justice Department Blasts Purdue Pharma's Bankruptcy Plan • Justice Department has 'concerns' about Purdue Pharma bankruptcy exit plan • Purdue bankruptcy watchdog says third party release protections benefiting Sacklers are 'illegal'
(DBN)

Attorney General Tong Objects to Purdue Bankruptcy Plan With Legal Shield For Sackler Family • AG Ferguson Files Objection to Opioid Manufacturer Purdue’s Bankruptcy Plan Granting Legal Shield to Sackler Family
(DBN)

States Expected to Announce $26B Opioid Deal With Drug Distributors, J&J
(DBN)

Mallinckrodt bankruptcy row set to be aired in Irish court
(DBN)

____________

Climate:

Half of urban carbon emissions come from just 15% of cities
(DBN)

Dangerous conditions for Western wildfires as Oregon blaze grows to the size of Los Angeles
(DBN)

CO2 emissions set to hit record levels in 2023, IEA says
(DBN)

____________

Crypto:

Nearly $90 billion wiped off crypto market as bitcoin drops below $30,000
(DBN)

____________

Education:

Trump-Appointed Federal Judge Upholds Indiana University’s COVID Vaccine Mandate For Students and Faculty
(DBN)

____________

Religion:

Joel Osteen's taxes: What's probably true and what isn't
(DBN)

____________

Personal Finance:

Top Ten States for Retirement
(DBN)

____________

Sports:

Olympic athletes test positive in Tokyo days before Games • Samuelson positive for COVID, out of Olympics • US women’s gymnastics team member tests positive for coronavirus while training four days before Tokyo Olympics opening ceremony
(DBN)

Tokyo Olympics hit by trifecta of discouraging news amid Covid fears
(DBN)

South African soccer team outbreak tests Tokyo Olympics' 'covid-safe' strategy
(DBN)

____________

Sovereigns:

The Emperor's Old Bonds
(DBN)

____________

UK:

Boris Johnson Rejects Calls to Dial Down U.K.’s Covid Isolation App
(DBN)

Americans Warned Against Traveling to UK as Delta Variant Surges
(DBN)

1,200 Scientists Pen Letter Stating England Lifting COVID Lockdown Is 'Premature'
(DBN)

U.K.’s Big Reopening Marred By Covid Chaos and Johnson’s U-turn
(DBN)

French minister: England’s travel rules for France ‘not totally founded on science’
(DBN)

Covid Passports Will Be Condition of Entry to Some U.K. Venues
(DBN)

U.K. to Give Covid-19 Vaccines Only to Most Vulnerable Children
(DBN)

Sparse Crowds Signal City of London’s Lackluster Office Return
(DBN)

U.K. Pub Giant Launches Billion-Dollar Suit Over Covid Insurance
(DBN)

U.K. Spending on Hospitality Remains 30% Below Pre-Covid Level
(DBN)

____________

Canada:

Bankrupt party permitted to bring action against trustee, without leave to the court
(DBN)

Nearly half of Saskatchewan residents struggling with debt and financial strain
(DBN)

Canada will open its borders to fully vaccinated Americans on Aug. 9
(DBN)

____________

Australia:

A British commentator boasted about breaking quarantine rules. Now, Australia is deporting her.
(DBN)

Quarantine dodger uses bed sheets in a brazen escape from the fourth floor of his Perth hotel room – after he was caught illegally flying in from Queensland
(DBN)

____________

France:

What Is the Latest News on France ’s Restructuring and Insolvency Law Reforms?
(DBN)

____________

Germany:

German Economy Seen Returning to Pre-Pandemic Size This Quarter
(DBN)

____________

Singapore:

Singapore Prepares to Swap Its Oil Hub Status for Greener Future
(DBN)

____________

Costa Rica:

New Insolvency Law
(DBN)

____________

Sri Lanka:

Moody's puts Sri Lanka's rating under review for downgrade on default risk
(DBN)

____________

Cuba:

Cuba battles highest Covid-19 caseload in Latin America
(DBN)

FactCheck: U.S. sanctions mean “Cuba can’t trade with any country or any company whatsoever.”
(DBN)

____________

Japan:

Tokyo Olympics then and now highlight long arc of Japan’s technology decline
(DBN)

____________

China:

Debt-laden China Evergrande shares drop 14% to four-year lows
(DBN)

Has Evergrande’s Long-Delayed Debt Reckoning Finally Arrived?
(WSJ)

____________


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