July 21, 2021

The Daily Bankruptcy News

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3-Column Formating

 

Law:

One Of World's Richest Biglaw Firms Finally Adopts New Salary Scale
(DBN)

Philadelphia Biglaw Firms Get On Board With Raises For Associates
(DBN)

A Warning To Summer Associates
(DBN)

UnitedLex Must Face Conspiracy Suit Over LeClairRyan Deal
(DBN)

Struggling To Retain Associates? ALSPs May Be A Non-Obvious Secret Weapon.
(DBN)

Jones Day, Married Lawyers to Brief Discovery on Damages Issues
(DBN)

Michael Avenatti faces embezzlement trial in California
(DBN)

Cooley Will Not Require Lawyers to Return to Office in 2021
(DBN)

'Arrogant' and 'Tone Deaf': Morgan Stanley CLO's Return-to-Work Stance Draws Ire
(DBN)

Lawyer has to wear mask at client’s trial after top state court refuses to intervene
(DBN)

Federal judge refuses to block Indiana University’s vaccine mandate; incoming 1L is among the plaintiffs
(DBN)

Harvey Weinstein extradited to California to face trial on rape and assault charges
(DBN)

The High Financial Price Paid by Victims of Sexual Harassment
(DBN)

Britt McHenry, Fox News Settle Civil Lawsuit Involving 'Crude and Clumsy' Sexual Texts from Co-Host, Alleged Retaliation
(DBN)

Tom Barrack, L.A. billionaire and Trump ally, charged with acting as agent of UAE • Former Chairman of Donald Trump's Inaugural Committee Indicted for Acting as Unregistered Foreign Agent for UAE • Barrack’s arrest puts the spotlight on UAE’s crucial role in Trump’s foreign policy
(DBN)

Capitol riot suspect from Newburgh tells judge his solitary confinement is 'inhumane' • What were the Capitol rioters thinking on Jan. 6? • Jim Jordan said the congressional panel examining Jan. 6 is an attack on Trump. Now he may join the committee •Another Oath Keepers Member Set to Plead Guilty, Cooperate with Federal Prosecutors • Lawmakers spend more on personal security in wake of insurrection • DEA Agent Arrested for Jan. 6 Riot • Fourth Oath Keeper Pleads Guilty to Jan. Riot
(DBN)

Indicted Trump executive may have alluded in custody to Mercedes perks • Trump Org CFO appeared to defend company car perk while being charged with tax avoidance scheme, documents say • Trump Ally’s UAE Lobbying Struck Heart of Democracy, U.S. Says
(DBN)

Black CBP officer sues, alleging he was forced to profile people of color
(DBN)

By the numbers: Would-be Dreamers
(DBN)

One-third of reunited migrant families went homeless
(DBN)

By the numbers: More migrants from farther away
(DBN)

Federal judge blocks Arkansas law banning almost all abortions
(DBN)

Transgender officer sues Port Authority, claims colleagues called him 'it'
(DBN)

7th Circuit blocks Indiana’s second-try voter purge law; changes were ‘largely cosmetic’
(DBN)

Man Calling Libraries And M----------- To A Supreme Court Opinion
(DBN)

Brooklyn man arrested for robbing 7-year-old
(DBN)

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Judges:

BK MN: Judicial Law Clerk Opening to U.S. Bankruptcy Judge William J. Fisher
(DBN)

Face Mask Requirement Modified in Delaware District Court and Bankruptcy Court
(DBN)

Professor-Heavy SCOTUS Commission Leaves Out ‘Real-Life’ People
(DBN)

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Wall Street:

Dow futures are up more than 180 points as the comeback rally continues
(DBN)

Deutsche Bank Joins Rivals in Boosting Pay for Junior Bankers
(DBN)

______________

Crypto:

EU Proposes Ban on Anonymous Cryptocurrency Transactions
(DBN)

The brutal truth about Bitcoin
(DBN)

____________

Cruise Lines:

Carnival sees return to cruises with 65% fleet capacity by end of 2021
(DBN)

____________

Pharma:

J&J, Distributors Near Final Opioid Deal Terms With States
(DBN)

$21 billion settlement with opioid distributors expected to be announced this week
(DBN)

$26B opioid settlement big step, but not the end
(DBN)

New York reaches $1.1 billion settlement with opioid distributors
(DBN)

DOJ objects to Purdue bankruptcy settlement
(DBN)

____________

Hedge Funds:

U.K. Hedge Funds Won’t Reach Gender Parity Until 22nd Century
(DBN)

____________

Agribusiness:

Small Dairy Farms Die Every Day in US
(DBN)

____________

Autos:

Low Car Supply Forces Wealthy to Buy Used Rolls-Royces, Bentleys
(DBN)

Daimler: Chip Shortage to Last Into 2022 • Daimler Cuts Mercedes-Benz Sales Outlook on Chip Shortage
(DBN)

____________

Sports:

These Olympics will be a high-wire act: Full of risk, but not destined to fail
(DBN)

The 2021 Olympics Are Turning Into a $20 Billion Bust for Japan
(WSJ)

Fan-Free Olympics Leaves Hotels Facing 1 Million Cancellations
(DBN)

The many narratives of the Tokyo 2020 Olympics
(DBN)

COVID-19 anxiety eclipses Olympics as athletes test positive
(DBN)

Olympics Covid Measures Tested by South Africa Soccer Team Cases
(DBN)

Tokyo Olympics Covid Cases Hit 71 as Opening Ceremony Nears
(DBN)

What happens when an athlete tests positive for the coronavirus at the Olympics?
(DBN)

USA men's basketball survives nightmare week with Tokyo Olympics opener on the horizon
(DBN)

In Tokyo, nerves are frayed and critics are loud, but the Olympics plow forward
(DBN)

Olympics set to open in sweltering heat
(DBN)

Alabama football: Nick Saban says Crimson Tide QB Bryce Young was offered 'almost seven figures' NIL deal
(DBN)

____________

Retailing:

‘Was the Astor Place Kmart Haunted?’ and Other Thoughts on Its Closing
(DBN)

June retail sales underscore the importance of retail technology innovations
(DBN)

____________

Politics:

Unscripted remarks start to haunt President Biden
(DBN)

The Capitol petri dish
(DBN)

Florida GOP head reportedly under investigation over allegations he sexually harassed a male aide
(DBN)

Tom Brady to Biden: '40 percent of the people still don't think we won'
(DBN)

Ethics panel upholds $500 mask fines against Greene, other GOP lawmakers
(DBN)

Milley to Trump: "I don't expect you to understand"
(DBN)

House Republican Opposition to Biden Win Still Hurting Donations
(DBN)

___________

Economy:

Filling $22 Trillion Covid GDP Hole Requires Reforms, IMF No. 2 Says
(DBN)

Temporary or not, inflation is rattling restaurants and broader economy
(DBN)

Yield Plunge Stirs Thoughts of 1% Treasuries on Delta Variant
(DBN)

Women Are Still Suffering More Than Men in Pandemic Job Hit
(DBN)

More U.S. Inflation Pressure to Come From Seniors’ Income Boost
(DBN)

Delta variant poses major risk to Biden's promises of swift economic comeback
(DBN)

The zombie claim that the 2017 tax cut gave '83%' to the top 1%
(DBN)

Senior Democrat Proposes Cap on Trump-Era Business Deduction
(DBN)

'Shove This Job' the theme of the great labor reshuffle
(DBN)

UBS CEO Says Remote Work ‘Here to Stay’ as Clients Move Online
(DBN)

Some companies are using prison labor amid claims of a worker shortage. Critics argue they should just raise wages instead.
(DBN)

NYC food trucks are a microcosm of the changed economy. Mondays and Fridays are their slowest days and many have changed locations.
(DBN)

DeFazio Blasts Bipartisan Senate Infrastructure Plan Biden Backs • Schumer Tees Up Uncertain Wednesday Vote on Infrastructure Plan • AOC says Republicans 'have been killing time for months' with crawling pace of infrastructure talks • Senate GOP likely to nix plan • Schumer to argue infrastructure deters inflation • Republicans Poised to Thwart Schumer on Infrastructure Vote
(DBN)

Senate Democrats' $4.1T Plan B
(DBN)

Schumer feels pressure from all sides on spending strategy
(DBN)

Unions press progressives to back infrastructure
(DBN)

GOP split over infrastructure messaging
(DBN)

Covid appears to be the ‘Achilles’ heel’ for Southeast Asian economies: Jefferies
(DBN)

Can Employers Require Employees To Get Vaccinated? Plus, Answers To Other Legal Questions As We Return To The Office
(DBN)

Global shipping sounds alarm as crews are pushed to their limits
(DBN)

Yellen Confronts Clashing Deadlines to Clinch Global Tax Accord
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

U.S. housing starts rise, building permits fall to eight-month low • Housing Starts increased to 1.643 Million Annual Rate in June • Comments on June Housing Starts
(DBN)

Homebuilder Shares Dive on Reports Boss Said He’d Punish Vaccinated Workers
(DBN)

The price of renting a house is exploding for everyone who can't afford to buy, and Southern cities are getting especially expensive • Another month, another record: SoCal home prices hit all-time high
(DBN)

Existing Home Sales: Lawler vs. the Consensus
(DBN)

Southern California home prices set fifth straight record as sales soar
(DBN)

____________

Oil/Gas:

Rival drillers surround Seadrill assets as it looks to exit bankruptcy
(DBN)

BHP considering exiting oil and gas business • BHP Is Said to Mull Oil Exit as Miner Retreats From Fossil Fuels
(DBN)

Shell to Appeal Landmark Dutch Court Ruling on Climate Goals
(DBN)

Efficient Autos Push Peak Road Fuel Forecast Forward by 4 Years
(DBN)

Climate Talk Overtakes ‘Growth’ on Fossil Fuel Conference Calls
(DBN)

Japan Gets Aggressive on Cutting Fossil Fuel, Raising Renewables
(DBN)

____________

Privacy:

U.S. and E.U. security officials wary of NSO links to Israeli intelligence • Target list of Israeli hack-for-hire firm widens
(DBN)

____________

Celebs:

It Is, In Fact, Expensive To Be Erika Jayne
(DBN)

Britney Spears’ conservatorship case prompts bipartisan ‘Free Britney’ bill
(DBN)

____________

Religion:

Bankruptcy adds to sad legacy of Catholic Church scandal
(DBN)

Top U.S. Catholic Church official resigns over report linking him to gay bars and Grindr
(DBN)

____________

Mass Torts:

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

Johnson & Johnson Taps Jones Day to Explore Talc Bankruptcy
(DBN)

____________

Hotels:

Bankrupt hotel in downtown San Jose might not reopen in 2021
(DBN)

Long Beach considers options for Queen Mary, including sinking the ship
(DBN)

____________

Taxis:

Yellow Cab Houston files for bankruptcy and seeks agreement with zTrip
(DBN)

____________

Healthcare:

America's avalanche of medical debt
(DBN)

Dems eye infrastructure for Medicare expansion
(DBN)

Life expectancy in the U.S. declined in 2020, especially among people of color • CDC: Pandemic drives U.S. life expectancy down by 1.5 years
(DBN)

Texas Gov to Unveil Plan to Restrict Medical Care for Trans Kids
(DBN)

Delta variant now makes up 83% of U.S. COVID cases, CDC director says
(DBN)

COVID-19 risk-taking is going up as people become more desensitized to pandemic life
(DBN)

WHO chief warns that the world is going into the ‘early stages of another wave’
(DBN)

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

US sees COVID-19 cases surge by 224% in last three weeks
(DBN)

Mask mandates make a return — along with controversy
(DBN)

Pelosi Staffer, White House Official Test Positive for Covid
(DBN)

Suddenly, Sean Hannity and other Fox Hosts are urging their viewers to get COVID-19 vaccines
(DBN)

Mitch McConnell pleads with Trump supporters to get vaccinated -- and they bombard him with rage
(DBN)

Republicans divided on how hard to push vaccines
(DBN)

Fauci to Rand Paul: If Anyone is Lying, It's You • Fauci Rebukes Rand Paul for Threatening Him With Prison in Fiery Clash: ‘You Do Not Know What You Are Talking About!’

(DBN)

Rep. Scalise gets vaccinated after holding out, calls shot "safe and effective"
(DBN)

Axios-Ipsos poll: Convincing the unvaccinated
(DBN)

Conservative media diets tied to distrust in health officials
(DBN)

New study suggests Johnson & Johnson less effective against variants
(DBN)

____________

New Bankruptcy Opinions
(5 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (7 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (2 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 Policy:

Bankruptcy Spells Death for Too Many Businesses
(DBN)

____________

Bad Faith:

Bankruptcy No Sanctuary Against Government Enforcement Actions: NRA’s Chapter 11 Case Dismissed as Bad Faith Filing
(DBN)

____________

Credit Bidding:

Credit Bidding Gone Awry: Town Sports’ Prepetition Lenders Sue Each Other
(DBN)

____________

Aviation:

London Judges Say U.K. Must Continue to Review Travel Rules
(DBN)

Qatar Air Ready to Buy Boeing, Airbus Freighters, Urges Launch
(DBN)

Jeff Bezos, 3 others land safely after flight to space with Blue Origin • 82-year-old Wally Funk becomes oldest person to fly to space • Work on Climate, Not Space Tourism • Why is Bezos flying to space? Because billionaires think Earth is a sinking ship • The Carbon Footprint of Space Tourism • Jeff Bezos Ridiculed for ‘Tone-Deaf’ Victory Lap Thanking Amazon Workers and Shoppers: ‘You Guys Paid for All This’
(DBN)

Best Airlines in the World for 2021
(DBN)

Passenger says brawl caught on video of MIA Frontier Airlines flight was racially motivated
(DBN)

____________

Food/Beverage:

Low Pay, No Benefits, Rude Customers: Restaurant Workers Quit At Record Rate Facebook Twitter Flipboard Email
(DBN)

Taco Bell's menu hit by nationwide shortages of ingredients
(DBN)

An Arizona restaurant boss is scrapping menu items that are difficult to prepare and cutting dishwashing rotas to keep staff happy in the labor shortage
(DBN)

Food prices could spike by 14% before October, a supermarket chain owner says. It's already forcing restaurants to push up their prices.
(DBN)

‘Game Over’: Food Carts Adjust to a Changed City
(DBN)

Now Hiring: White Castle—Four Years After You Applied
(WSJ)

____________

Climate:

Officials say shellfish illnesses linked to heat wave
(DBN)

Knee-deep in sewage: German rescuers race to avert health emergency in flood areas
(DBN)

Oregon Bootleg Fire Now Biggest in U.S., With No Rain in Sight
(DBN)

Harmful western wildfire smoke reaches East Coast
(DBN)

How to Talk About Climate Change as Catastrophes Pile Up
(DBN)

Wildfires mushroom in West amid heat, drought, prompting evacuations
(DBN)

Resources pushed to limit as wildfires burn across U.S. and Canada
(DBN)

FEMA chief heads West as large wildfires rage, heat wave peaks
(DBN)

If the Permafrost Melts It's Over
(DBN)

Central China Sees Most Rain in 1,000 Years • Chinese City Hit by Deadly Floods Suffered Heatwaves Days Before
(DBN)

Sea Snot is Warning of a Warming World
(DBN)

Democrats lay out vision for Civilian Climate Corps
(DBN)

____________

UK:

Johnson’s U.K. Pandemic Reopening Is Undermined by Key U-Turns
(DBN)

Boris Johnson’s Trucker Troubles Turn Into a Business Nightmare
(DBN)

Cameron Slammed for ‘Lack of Judgment’ Over Greensill Lobbying
(DBN)

NatWest Chairman Says London Office Life Will Never Return
(DBN)

London Staff Want Big Pay Rises to Return to Office, Survey Says
(DBN)

U.K. Government Borrowing Pressures Eases as Economy Rebounds
(DBN)

U.K. Growth Slowed in June for Most Sectors in Lloyds Survey
(DBN)

U.K. to Set Out Preferred Plan for Post-Brexit Northern Ireland
(DBN)

____________

Italy:

Sicilian towns face bankruptcy over Etna clean-up costs
(DBN)

____________

Nigeria:

Nigeria flies the flag for corporate tax self-harm
(DBN)

____________

Singapore:

Singapore Curbs Dining Out, Gatherings Again as Delta Takes Hold
(DBN)

____________

China:

1st personal bankruptcy case marks a judicial breakthrough
(DBN)

Bankrupt HNA Group struggles to repay 60,000 retail investors
(DBN)

Evergrande Sinks to Lowest Since 2017 After Project Sales Halt • Evergrande Bonds Pledged at 53% Discount in China Funding Market
(DBN)

China scraps fines, will let families have as many children as they’d like
(DBN)

____________

Australia:

Australia’s Victoria Extends Lockdown, Shuts Border to Sydney
(DBN)

Australian Household Spending Tumbles as Virus Lockdowns Hit
(DBN)

____________

India:

Bankruptcy Board Amends Norms To Make Insolvency Process Transparent
(DBN)

IBBI amends regulations; seeks to enhance discipline, transparency in insolvency process • IBBI makes resolution professionals more accountable
(DBN)

Insolvency and Bankruptcy Code is broken. It needs to be fixed, immediately
(DBN)

Study: India's true death toll during pandemic likely higher than 3 million
(DBN)

____________

Singapore:

Singapore Court Rules in Favor of Liquidating Hyflux in Hearing
(DBN)

____________

South Africa:

South Africa Considering Payment of Relief Grant After Riots
(DBN)

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