July 26, 2021

The Daily Bankruptcy News

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Law:

Real Men Go Into the Office, the World According to Morgan Stanley’s GC
(DBN)

Biglaw Associate Has Major Bone To Pick With Morgan Stanley's GC Over Office Return Demands
(DBN)

Bankruptcy Attorneys Are in No Rush to End Remote Work
(DBN)

Tech Legal Leaders Veer From Morgan Stanley Return-to-Work Order
(DBN)

Biglaw Firm That Once 'Strongly Encouraged' Vaccination Will Now Require It To Return To Office
(DBN)

Just Because You Went To Law School, Doesn't Mean You Have To Be A Lawyer
(DBN)

The Reason I’m Not Tom Cruise
(DBN)

Smaller Firms Have More Advantages Than Ever Before
(DBN)

Real Property: How Today's Lawyers Are Working Remote
(DBN)

Former LeClairRyan general counsel pleads guilty to obstructing probe of financial misconduct
(DBN)

Software company CEO discusses challenges, benefits and evolution of sourcing outside counsel
(DBN)

Pelosi intends to appoint 2nd Republican to Jan. 6 committee Pelosi appoints GOP Rep. Kinzinger to Jan. 6 committee McCarthy: Pelosi appointing members of Jan. 6 panel who share 'pre-conceived narrative' How Kevin McCarthy tried to sabotage the House January 6 investigation Unlikely partners Pelosi and Cheney team up for Jan. 6 probe GOP lawmaker blocked from panel blames Pelosi for Jan. 6 'breakdown of security' USCP chief: Officers testifying before Jan. 6 committee "need to be heard" Jan. 6 select committee to open investigation amid political chaos and controversy Woman On 'Bumble' Dating App Helped FBI Catch Suspect Who Allegedly Beat Officers with Metal Whip during Jan. 6th Capitol Siege: Court Documents The 'QAnon Shaman' is in plea negotiations after being diagnosed with mental illnesses, including schizophrenia and bipolar disorder, report says
(DBN)

Judge permits prosecutors to use facial recognition to open accused Capitol rioter’s laptop
(DBN)

Lin Wood Says He Shouldn't Be Disciplined for Sharing Link to Video of 'Kraken' Sanctions Hearing Because He Wasn't 'Broadcasting'
(DBN)

Ken Starr: How the Pious Fall Ken Starr's Alleged Affair and the GOP
(DBN)

Trump inaugural committee chair to be released on $250M bail DOJ Agrees to Bail Package That Amounts to Roughly 0.5-Percent of Indicted Trump Confidant and Billionaire Tom Barrack's Net Worth—with a Catch Tom Barrack suggests Trump's White House was even more vulnerable than we thought
(DBN)

Ruling leaves immigrants who newly applied for DACA in limbo
(DBN)

316 people are shot every day in America. Here are 5 stories
(DBN)

Court Calls Bulls**t On Cop Who Claimed He Could Smell Weed In Sealed Bags In A Moving Car From His Own Moving Cruiser
(DBN)

'For The Rest of My Life I Will Be Haunted': Judge Slams Man Who Represented Himself, Admitted At Trial He Killed His Wife
(DBN)

Anti-Mask Protester Punches Masked Cancer Patient in Front of Medical Clinic
(DBN)

Insane Video Shows Police and Bystanders Saving Infant Girl After Driver Rammed into Her and Her Mother
(DBN)

Cop Convicted of Murder Finally Resigns from City Payroll — More Than Two Months After the Jury's Verdict
(DBN)

‘I’m Gonna Knock You Out, Bro!’: Dashcam Video Shows Struggle Between Illinois Cop and Three Suspects Accused of Attempting to Murder Him
(DBN)

Scott Hopeful on Police Reform, Says Can’t ‘Demonize’ Officers
(DBN)

The Woman Who Brought Jeffrey Epstein Down
(DBN)

ACLU Backs N.J. Woman After Judge Ordered Her to Remove 'F*** Biden' Signs From Lawn or Face Fines
(DBN)

Woman Arrested in New York for Monthslong Anti-Asian Hate Crime Spree
(DBN)

Mississippi asks Supreme Court to overturn Roe v. Wade in pending challenge to abortion law Supreme Court Asked To Overturn Roe v. Wade Because Of... Maternity Leave? Anti-abortion lawyers are finally being honest about what they want from the Supreme Court
(DBN)

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Judges:

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

Dems renew questions about FBI background check of Kavanaugh FBI Got 4,500 Tips In Kavanaugh Investigation That It Never Actually Performed Christine Blasey Ford lawyers call Kavanaugh investigation a 'sham' after new details emerge
(DBN)

Jolie-Pitt divorce judge disqualified by appeals court
(DBN)

Justice Thomas gains power of chief justice as Roberts sides with liberal justices
(DBN)

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Wall Street:

Dow futures fall more than 200 points ahead of a huge week of Big Tech earnings
(DBN)

Hertz’s Quirky Stock Gives Retail Holders $5 Edge Over Insiders
(DBN)

Big losses ahead for markets? Jeremy Grantham’s terrifying new forecasts
(DBN)

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Layoffs:

Hundreds of People's United Bank Employees to be Laid Off in Conn.
(DBN)

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Pharma:

‘A cartel shouldn’t get away with this.’ Anger at opioid settlements that exclude admission of wrongdoing
(DBN)

Elizabeth Warren Targets Sacklers’ Legal Protection in Purdue Bankruptcy
(WSJ)

Purdue Pharma’s Opioid Deal Hinges on Divisive Legal Maneuver
(DBN)

CT leaders to raise awareness of Act that would close Purdue Pharma bankruptcy loophole
(DBN)

____________

Celebs:

'Real Housewives Of Beverly Hills' Star Erika Jayne’s Family Dragged To Court As Part Of Thomas Girardi’s Bankruptcy Investigation
(DBN)

'Real Housewives' star Erika Jayne says her estranged husband, Tom Girardi, drove off a cliff and was 'unconscious for 12 hours' in 2017
(DBN)

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Autos:

July Vehicle Sales Forecast: "Sales to Continue Free-Fall"
(DBN)

VW to Sue Buffett Over Dieselgate
(DBN)

____________

Sports:

Olympics dashboard Team USA gets no medals to open Summer Olympics for first time in decades US loses to France 83-76, 25-game Olympic win streak ends Powerhouse US swim team shines with 6 medals, 1st US gold U.S. fencer Lee Kiefer wins women’s foil final, makes history Behind the scenes at the COVID Olympics Shaky qualification performances leave U.S. gymnasts with questions no one had considered Olympics opening ceremony ratings fall to 33-year low
(DBN)

Horrifying robot plays basketball at Olympics
(DBN)

US athletes chant 'Dr. Biden' as first lady cheers swimmers
(DBN)

Typhoon threatens to hit Tokyo just days into the Olympics
(DBN)

The Olympic soccer team that doesn’t quite exist
(DBN)

NFL to fine unvaccinated players $14K for violating COVID-19 protocols
(DBN)

____________

Nursing Homes:

DOJ won't investigate nursing home deaths in N.Y. and 2 other states
(DBN)

Veteran homes overseen by George P. Bush were deadliest to be during COVID-19 pandemic
(DBN)

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Water:

Thieves Are Stealing California’s Scarce Water. Where’s It Going?
(DBN)

Calif. May Soon Cut Off Farmers from Water
(DBN)

Stark Future for Arizona Water Supply
(DBN)

____________

Newspapers:

Journalism's two Americas
(DBN)

____________

Cannabis:

Struggling MedMen Seeks Restructuring, Turnaround
(DBN)

____________

Religion:

New Hampshire bishop denies allegations of past sexual abuse
(DBN)

A Catholic newsletter promised investigative journalism. Then they outed a priest using Grindr data.
(DBN)

Vatican reveals property holdings for the first time
(DBN)

____________

Politics:

AP Fact Check: Trump is relentless in election fabrications
(DBN)

Ronny Jackson, former White House doctor, predicts Biden will resign
(DBN)

House Republican calls second bout of COVID-19 'far more challenging'
(DBN)

Biden hits new low in Gallup poll
(DBN)

Donald Trump Is Keeping the Money
(DBN)

Gaetz case takes bizarre tabloid turn
(DBN)

‘Death by 1,000 cuts’: Dems face mounting crisis over GOP voting laws
(DBN)

Senate Democrats defied Biden in their vote to boost Pentagon spending. And it wasn't even close
(DBN)

____________


Economy:

FOMC Preview: Probably Too Soon for Hints on Tapering
(DBN)

Corporate Revolving Credit Facility Usage Ticks Up, Bankruptcy Recoveries Strong, Fitch
(DBN)

Q2 GDP Forecasts: Around 8%
(DBN)

Time for the Fed to take away the punchbowl
(DBN)

Quantitative easing: too much of a good thing
(DBN)

Fed’s MBS Buying High on Agenda as Officials Begin Taper Talk
(DBN)

U.S. Real Yields Fall to Record Low Amid Growth Concerns
(DBN)

The Boss Wants You Back in the Office. Like, Now.
(WSJ)

U.S. Labor Shortages, Price Pressures to Continue, Survey Shows
(DBN)

The pandemic ended the daily commute
(DBN)

A Record 3.8 Million Workers Quit Their Jobs in April 2021: Who Are They?
(DBN)

California unemployment claims rise, recovery stays shaky
(DBN)

DeSantis vows no lockdowns as Florida Covid cases surge
(DBN)

SF Bars Now Requiring Proof of Vaccination
(DBN)


Virus resurgence menaces economy just as rescue programs unravel
(DBN)

Groups worry about tapping COVID relief for infrastructure
(DBN)

Beware of budget gimmicks in push for massive spending deals
(DBN)

Democratic negotiator: 'I believe we will' have infrastructure bill ready on Monday Senate Republican 'not happy' with Pelosi plan to delay infrastructure vote Commerce secretary: We're 'very close' to passing bipartisan infrastructure bill Infrastructure deal on brink Biden moves to preempt House Dem blow-up over infrastructure deal
(DBN)

Warner: Infrastructure bill text will be ready Monday
(DBN)

Republicans focus tax hike opposition on capital gains change
(DBN)

How Americans spent their time in lockdown: Alone, working and helping kids
(DBN)

Janet Yellen says Treasury is prepared to pay the US's bills to prevent 'irreparable harm' to the economy as the GOP balks at raising the debt ceiling Debt-Limit Deadline Leaves Democrats Weighing Options for Fix
(DBN)

Gen X workers may be facing the biggest unemployment crisis, study finds
(DBN)

Americans' optimism about country's direction over next year drops nearly 20 points since May: POLL
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

REALTORS® Confidence Index Survey June 2021
(DBN)

Black Knight: Number of Homeowners in COVID-19-Related Forbearance Plans Increased Slightly
(DBN)

Borrowers get more options as foreclosure deadline nears
(DBN)

Housing inventory slowly coming back as frenzy fades
(DBN)

Variant scare causes mortgage rates to fall to 2.78%
(DBN)

Cities Where the Middle Class Can No Longer Afford Housing
(DBN)

Search for bodies concludes at Florida condo collapse site
(DBN)

Lender Loses Appeal In Lord & Taylor Ch. 11 Rent Battle
(DBN)

____________

Oil/Gas:

Seadrill comes up with new rescue plan Seadrill Limited - Agreement with Stakeholders to raise $350 million and reduce liabilities by approximately $5 billion
(DBN)

Bouchard Transportation sale gets delayed as creditors question bid process
(DBN)

Support For Fossil Fuel Remains High Despite G20 Pledge To Tackle Climate Crisis
(DBN)

Texas Upstream Job Growth Surges 94% for June
(DBN)

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Agribusiness:

While Meatpacking Companies Reap Big Profits, Cattle Ranchers Struggle
(DBN)

‘It’s five years since a white person applied’: the immigrant workforce milking America’s cows
(DBN)

____________

Crypto:

Bye-bye, bitcoin: It's time to ban cryptocurrencies
(DBN)

Crypto-based ‘shadow financial market’ spooks regulators
(DBN)

____________

Education:

Former Sallie Mae CEO calls the cost of higher education 'criminal'
(DBN)

Al Lord Profited When College Tuition Rose. He Is Paying for It.
(WSJ)

Sparked by pandemic fallout, homeschooling surges across US
(DBN)

Conflicting school mask guidance sparks confusion
(DBN)

____________

Cruise Lines:

Federal court lifts CDC rules for Florida-based cruise ships 11th Circuit Jumps Ship on Its Own Order After Florida Urged SCOTUS to Lift CDC's Cruise Restrictions
(DBN)

____________

Fraud:

Former Alleged Father-Son Fraudster Allegedly Became A Mama’s Boy
(DBN)

____________

Banking:

Attorney at center of Bridgeport bank case has long ties to City Hall, powerful players
(DBN)

____________

Tobacco:

Philip Morris International CEO says cigarettes should be banned and the company will stop selling Marlboros in the UK within a decade
(DBN)

____________

Healthcare:

AP-NORC poll: Most unvaccinated Americans don’t want shots
(DBN)

Cities are reviving their mask mandates amid the Delta variant spread, sparking backlash and lawsuit threats
(DBN)

July 24th COVID-19, New Cases, Hospitalizations, Vaccinations
(DBN)

Alabama governor: "It’s time to start blaming the unvaccinated folks"
(DBN)

In Alabama and Louisiana, partisan opposition to vaccine surges alongside Delta variant
(DBN)

Arkansas GOP governor who is holding town halls to urge vaccinations said people he meets have called the shot a 'bioweapon' and talked about 'mind control' Arkansas governor blames 'myths' for 'hardened' vaccine resistance
(DBN)

GOP sees widening rift over promoting Covid shots
(DBN)

Anti-vaxx conspiracy theorist tells rally that healthcare workers fighting COVID could face Nuremberg-style trials
(DBN)

Vaccinated America Has Had Enough
(DBN)

‘Patience has worn thin’: Frustration mounts over vaccine holdouts
(DBN)

FactCheck: “Ten thousand people have recently died. 9,950 of them, thereabouts, are people who hadn’t been vaccinated."
(DBN)

Why vaccinated America can't turn its back on unvaccinated America
(DBN)

Fauci 'heartened' to see top Republicans encouraging vaccinations
(DBN)

As coronavirus surges, GOP lawmakers are moving to limit public health powers Michigan Gov. Whitmer stripped of emergency powers
(DBN)

Huckabee Sanders writes op-ed on why she got vaccinated
(DBN)

A healthcare worker who was hospitalized for a month with COVID-19 says she now has nearly $1 million in medical bills
(DBN)

Fauci says US headed in ‘wrong direction’ on coronavirus
(DBN)

Fauci says vulnerable populations may need vaccine booster shots
(DBN)

Fauci: CDC may back wearing face masks more Fauci: New masking guidelines for vaccinated Americans under "active consideration"
(DBN)

Florida, Missouri and Texas now account for 40% of new coronavirus cases in U.S.
(DBN)

Alabama mother says she regrets not getting vaccinated after losing son to COVID-19
(DBN)

California Man Who Mocked COVID-19 Vaccine Dies of Virus
(DBN)

States scale back virus reporting just as cases surge
(DBN)

Vaccine boosters are increasingly likely
(DBN)

New South Wales premier 'disgusted' by lockdown protests
(DBN)

Why some experts recommend upgrading to N95 masks to help fight the delta variant
(DBN)

More than 200 people in 27 states now being monitored for monkeypox
(DBN)

The more money you make, the longer you’ll live, study suggests
(DBN)

____________

 


New Bankruptcy Opinions
(6 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (17 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (20 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:

Bankruptcy filings in Chattanooga plunge during COVID-19 pandemic
(DBN)

______________

Liens:

Undersecured Creditors in Bankruptcy: Dewsnup, Nobleman, and the Decline of Priority
(DBN)

____________

D&O:

Is Your D&O/Lender Liability Coverage High Danger Proof?
(DBN)

A New COVID-19-Related D&O Lawsuit Variant
(DBN)

____________

Miscellaneous:

Week Ahead in Bankruptcy: July 26, 2021
(DBN)

____________

Tax:

“Extreme Personal Hardship” Doesn’t Excuse Trust Fund Recovery Penalties
(DBN)

Elizabeth Warren took aim at Jeff Bezos, saying 'the richest guy on Earth can launch himself into space while over half the country lives paycheck to paycheck'
(DBN)

____________

Aviation:

American Airlines passenger who refused to wear a mask screamed for 10 minutes during her arrest, reports say
(DBN)

Families suing Boeing for the 737 Max crashes have been delayed a year after the pandemic closed courts
(DBN)

Western US airports face jet fuel shortage
(DBN)

Ryanair posts 273 million euro loss as Covid continues to wreak havoc Ryanair Says Summer Profit in Sight as European Bookings Revive
(DBN)

Boeing’s Talent Exodus Threatens Turnaround After 737 Max Crisis, Pandemic
(DBN)

____________

Climate:

California’s largest fire torches homes as blazes lash West California's largest wildfire razes homes as 88 huge blazes burn in U.S.
(DBN)

US set for punishing temperatures as huge ‘heat dome’ to settle over country
(DBN)

The Heat, Floods and Fire We Don’t Hear Enough About
(DBN)

Western wildfires: Crews make progress on huge Oregon blaze 'We're going to see more' wildfires, Oregon governor warns
(DBN)

Residents say flood-hit German towns got little warning
(DBN)

G20 coal impasse previews fraught UN climate summit
(DBN)

Humans are the cause of most wildfires. Climate change will make that worse
(DBN)

The West is burning. Climate change is making it worse.
(DBN)

Now London is Underwater
(DBN)

____________

Accounting:

Ernst & Young accused of concealing NMC Health audit fraud
(DBN)

____________

Sovereigns:

China, Africa and the big coronavirus debt relief question
(DBN)

Buenos Aires province expects high take-up in $7 bln debt offer, source says
(DBN)

IMF Says Bahrain Needs ‘Urgent Fiscal Adjustment’ After Virus
(DBN)

Sri Lanka to Repay $1 Billion Bond, Ending Default Threat
(DBN)

____________

UK:

British health minister apologizes for telling people not to 'cower from' COVID
(DBN)

U.K. Banks Prepared for Negative Rates in Case Recovery Crumbles
(DBN)

U.K. Reports Fifth Daily Decline of Virus Cases in Johnson Boost
(DBN)

____________

EU:

Europe’s summer tourism outlook dimmed by variants, rules
(DBN)

Passports for Pubs, Mandatory Shots: Europe Ramps Up Covid Fight
(DBN)

____________

France:

French protesters reject virus passes, vaccine mandate
(DBN)

French parliament approves COVID-19 passes for restaurants, domestic travel
(DBN)

____________

Australia:

Thousands protest lockdown in Sydney, several arrested Australian anti-lockdown protesters violently clash with police Sydney police fine hundreds of anti-lockdown protesters for ‘filthy, risky behavior’
(DBN)

Sydney Covid Cases Climb Amid Concerns of Protest Superspread
(DBN)

____________

Vietnam:

Vietnam locks down capital Hanoi for 15 days as cases rise
(DBN)

____________

South Korea:

Debt-Ridden SsangYong Could Get Acquired By US-Based Firm HAAH Will US’ HAAH be able to salvage cash-strapped SsangYong Motor?
(DBN)

____________

Japan:

At surreal Olympics, a careful dance to push Tokyo tourism
(DBN)

Japanese PM's cabinet approval rating drops to 34 percent amid 2020 Tokyo Olympics: survey
(DBN)

____________

Brazil:

Brazil competition regulator signals 'complex' path for Oi sale approval
(DBN)

Brazil reopens amid looming threat from delta variant
(DBN)

____________

Kuwait:

Kuwait sets in motion far-reaching Bankruptcy Law, with new court set up to handle disputes
(DBN)

____________

India:

Pre-packs for MSMEs: FM likely to introduce Insolvency Amendment Bill in LS on July 26
(DBN)

Finality of Resolution Plans Under IBC
(DBN)

Can this upcoming amendment improve India's bankruptcy law?
(DBN)

Pandemic leaves Indians mired in massive medical debts
(DBN)

____________

Germany:

Merkel aide says unvaccinated may face restrictions in Germany German Politicians Float Bans, Mandatory Jabs, for Unvaccinated
(DBN)

German Business Confidence Unexpectedly Falls as Risks Mount
(DBN)

____________

Venezuela:

PDVSA creditors aim to save $600 million in Portugal account and source document
(DBN)

____________

Singapore:

Singapore Sees 80% Vaccinated by September in Drive to Reopen
(DBN)

____________

Indonesia:

Indonesia to Extend Restrictions as Covid Cases Remain High
(DBN)

____________

China:

What ‘Keepwell’ Means With Bonds Like Evergrande’s: QuickTake
(DBN)

China’s Ongoing Recovery Showed Signs of Weakness in July
(DBN)

China Education Tycoon Loses $15 Billion as Shares Fall 98%
(DBN)

____________

Malaysia:

Bankruptcy and winding-up cases continued declining trend in 2020
(DBN)

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