July 27, 2021

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Biglaw Firm Matches Market -- But Only For Junior Associates
(DBN)

Elite Litigation Powerhouse Blasts Davis Polk Salary Scale Out Of The Water
(DBN)

Did The Pandemic Break The Cravath System?
(DBN)

Shearman & Sterling outlines hybrid working policy with Tuesday to Thursday 'in office' schedule
(DBN)

‘It’s time to pay the piper’: Ex-lawyer found guilty of criminal contempt in long-running Chevron battle • Chevron Foe Donziger Is Found Guilty of Criminal Contempt • Judge Finds Disbarred Environmental Lawyer Who Took on Chevron in Ecuador Guilty of Contempt of Court
(DBN)

My Office Reopened at the Height of the Pandemic. We’ve Thrived.
(DBN)

Back to the Office! (Say What?)
(DBN)

Fortune 500 Clients Tell Law Firms To Go Right Ahead And Work From Home
(DBN)

Top 20 Biglaw Firm To Offer Associates 2 Remote Days Each Week
(DBN)

The burnout profession? Why law culture needs to change
(DBN)

UK: Male solicitors four times more likely to appear before disciplinary tribunal
(DBN)

For this lawyer, becoming more flexible was a benefit of the pandemic
(DBN)

Law School Dean Predates The Existence Of Most Current Students
(DBN)

The Median Length Of Service Of The 203 Law School Deans: 3.15 Years
(DBN)

Copyright lawyer with ‘ignominious record’ must pay over $100K in sanctions, 2nd Circuit says
(DBN)

Bar Exam This Week May Signal End of Remote Tests in Many States • This Week Marks The Final Remote Bar Exam In The U.S.
(DBN)

Disbarred Former Biglaw General Counsel Pleads Guilty
(DBN)

8 US attorney picks by Biden would include historic firsts • Biden nominates progressive DA as US attorney in Massachusetts
(DBN)

Confusion besets new police reform laws in Washington state
(DBN)

Capitol Riot Probe Kicks Off as Republicans Call It ‘Tainted’ • Tech groups urge Congress to 'dig deeper' on Facebook role in Capitol riot • Cheney to get prime speaking slot at first Jan. 6 committee hearing • Liz Cheney calls Kevin McCarthy 'childish' for labeling her and Adam Kinzinger 'Pelosi Republicans' • A 'growing group' of House Republicans are pressing GOP leadership to penalize Cheney, Kinzinger for joining Jan. 6 committee: report • Anything-but-bipartisan 1/6 commission will seal Pelosi's retirement. Here's why • New Capitol Police chief: Jan. 6 was not a 'lovefest' • When the Storming of the Capitol Met the Politics of Congress • MAGA rioter accused of bringing Molotov cocktails to Capitol is suffering 'aches and pains' in jail — and ready to make a deal: lawyers • President Biden Announces Eight Nominees for U.S. Attorney, Including a New Top Prosecutor for the U.S. Capitol Breach Docket • A Capitol riot suspect said 'my mom and I helped stop the vote count for a bit' after being 'invited' by Trump
(DBN)

Former Trump Inaugural Chair Jeered as 'Traitor' Before Pleading Not Guilty to Acting as Illegal Agent of UAE
(DBN)

'Kraken' lawyer Sidney Powell gets schooled after claiming ‘hundreds’ of Jan. 6 attackers are in jail
(DBN)

Rand Paul sends official criminal referral on Anthony Fauci to DOJ
(DBN)

A Florida Babysitter Abused a Baby Boy in 1984. He Died at the Age of 35 in 2019 — and Now She's Charged with Murder.
(DBN)

5 dead, including a sheriff's deputy, in the wake of California standoff
(DBN)

TX: Man who ‘killed party-goer and wounded three others is stoned to death by crowd’
(DBN)

'Burn in Hell F***ers': Woman Waving 'Trump 2024' Flag Drives SUV onto Minnesota Capitol Lawn During News Conference
(DBN)

Dad sees ex-wife and her boyfriend at son’s soccer game and kills them, Texas cops say
(DBN)

Inside a KKK murder plot
(DBN)

Nazi Enthusiast Blames Antifa For Shooting
(DBN)

Judge rejects gun maker’s bid to toss Sandy Hook litigation
(DBN)

______________

Judges:

Top Texas court rejects case, then agrees to hear it after appellant donates $250K to reelection PAC
(DBN)

Trump’s appointees are turning the Supreme Court to the right with different tactics
(DBN)

______________

Wall Street:

S&P 500 futures dip with Big Tech earnings on deck
(DBN)

Rookie Bankers Sour on Wall Street’s Pitch of Big Pay and Long Hours
(DBN)

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

______________

Food/Beverage:

‘If anybody has kids that need a job, call me’: A restaurant taps teens to fill worker gap
(DBN)

A Georgia restaurant will refuse service for unvaccinated people after breakthrough COVID infections among fully vaccinated staff
(DBN)

____________

Education:

Requests for U.S. college aid are down, with experts blaming the pandemic.
(DBN)

Higher Ed Faces Existential Threat: Numbers And Salaries Are Down For Tenure-Track/Tenured Faculty, Way Up For Administrators; University Long-Term Debt Is Up 71%
(DBN)

____________

Sports:

The deep divide over trans athletes in Olympics • First Openly Transgender Olympians Are Competing In Tokyo
(DBN)

Trump launches bizarre attack on LeBron James by saying he could ‘get sex reassignment surgery & compete as a woman’
(DBN)

Trump Encourages GOP Crowd to Boo U.S. Women's Soccer Team
(DBN)

Here’s How Many Medals Every Country Has Won at the Tokyo Summer Olympics So Far
(DBN)

____________

Healthcare:

Doctors, nurses and health groups call for mandatory coronavirus vaccinations for health workers • Over 50 medical groups call for mandatory vaccinations for health care workers
(DBN)

July 26th COVID-19, New Cases, Hospitalizations, Vaccinations
(DBN)

Covid cases in US may have been undercounted by 60%, study shows
(DBN)

Scarborough pleads with Biden to mandate vaccines for teachers, health workers
(DBN)

Vaccination hesitancy amid Delta variant is putting two groups of people at particular risk, doctor says
(DBN)

People in Missouri are wearing disguises to get vaccinated, doctor says
(DBN)

Florida Leads U.S. in Covid-19 Cases as Hospitalizations Surge
(WSJ)

Miami: ‘The Ugly Truth For Us’: 4th Wave Of Cases Has Jackson Memorial’s COVID Floor Packed With Unvaccinated Patients
(DBN)

Dr. Scott Gottlieb says U.S. delta-driven Covid spike could peak in 3 weeks
(DBN)

De Blasio mandates vaccines or weekly testing for New York City employees • New York City will require all city workers - including NYPD cops, firefighters, and teachers - to get vaccinated • NYC's largest city workers' union wants to 'bargain' after the mayor announced a vaccine mandate
(DBN)

V.A. Issues Vaccine Mandate for Health Care Workers, a First for a Federal Agency
(DBN)

California will require all state workers to get vaccinated or be tested regularly, Newsom says •California Requiring Vaccine Verification For All State Employees, Healthcare Workers But Officials Say It’s Not A Mandate
(DBN)

Pandemic is 'spiraling out of control,' says top Trump administration official
(DBN)

10 types of COVID-19 vaccine misinformation swirling online, fact-checked
(DBN)

Republican vaccine shift too late to halt Covid surge
(DBN)

Rep. Taylor Greene calls exclusion of unvaccinated people 'segregation'
(DBN)

'She thinks COVID vaccines come from the devil': Son of anti-vaxxer calls for own mother to be prosecuted
(DBN)

U.S. Vaccine Rollout Slows Far From the Finish Line
(DBN)

The U.S. States Closest To Full Vaccination
(DBN)

White House says COVID vaccinations 'picking back up' amid concern over delta variant
(DBN)

Biden admin says 'long COVID-19' could qualify as a disability
(DBN)

Americans are ‘mixing and matching’ Covid vaccines over concerns about the delta variant
(DBN)

Democrats broaden probe into Trump-era meddling at CDC
(DBN)

Chris Christie: Unvaccinated people don't want to be 'indoctrinated' by government
(DBN)

California cities are defying new mask mandate • Southern California restaurant rebuffs COVID precautions, wants unvaccinated diners
(DBN)

Montclair city employees who go maskless will have to wear stickers declaring vaccination
(DBN)

July's positive COVID test rates are 7 times higher than June's, Texas Medical Center says
(DBN)

Rep. Clay Higgins, a staunch opponent of mask mandates, announces he and his family have Covid-19 •GOP Congressman Who Thought He Had Natural Immunity Gets Covid a Second Time: ‘This Episode is Far More Challenging’
(DBN)

Savannah reimposes indoor mask mandate
(DBN)

Covid: Dangerous new variants will emerge unless rich countries share vaccines, UK adviser warns
(DBN)

Grandson of Rev. Billy Graham in critical condition with COVID-19
(DBN)

A woman in Alabama whose 28-year-old son died of COVID-19 regrets not getting vaccinated and said his last words were 'this is not a hoax, this is real'
(DBN)

As COVID cases surge, unvaccinated patients urge others to get the shot
(DBN)

Symptomatic breakthrough COVID-19 infections rare, CDC data estimates
(DBN)

Antibodies from Sinovac's COVID-19 shot fade after about 6 months, booster helps - study
(DBN)

Quasi-Insurance company files bankruptcy, abruptly leaving some without health coverage
(DBN)

____________

Economy:

Goldman Expects U.S. Economic Growth to Slow Sharply Next Year
(DBN)

Fed to discuss a pullback in economic aid with inflation up • FOMC preview: Fed to keep cards close to the chest on taper
(DBN)

US corporate bond market set near-record pace as Fed tapering threat looms
(DBN)

Fed weighs curbing cash machine as critics warn of housing, stock bubble
(DBN)

The Delta variant doesn't want you back in the office
(DBN)

Return to Office Hits a Snag: Young Resisters
(DBN)

We’re Kidding Ourselves That Workers Perform Well From Home
(DBN)

25% to 40% of Jobless Americans Are Making More on Unemployment Than They Did at a Job
(DBN)

Seven High Frequency Indicators for the Economy
(DBN)

Krugman: Return of the Family Values Zombie
(DBN)

Is the American economy about to fall back into the pandemic pit?
(DBN)

A Covid-Weary World Is Facing a Distressing Reality Check
(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)

Corporate America Rethinks Vaccine Mandates
(DBN)

‘A tipping point’: Government officials, health groups move to require coronavirus vaccines for workers
(DBN)

Newsom vows California will have the 'strongest vaccine verification system in the US' as mandate is announced
(DBN)

Vaccine-Resistant Variants Could Result in a Stop-Go World Economy
(DBN)

Fed now facing twin inflation, growth risks as virus jumps and supply chains falter
(DBN)

GOP sees debt ceiling as its leverage against Biden
(DBN)

Biden officials closely monitor delta variant in U.K. as their anxieties mount over impact to U.S. economy

U.S. Infrastructure Talks Hit Multiple Snags as Progress Stalls • Senate infrastructure talks on shaky grounds • Senate negotiators at odds over final details of infrastructure deal • Trump pressures McConnell, GOP to ditch bipartisan talks until they have majority • Senate Democrats, Republicans Finalize Bipartisan Infrastructure Deal
(DBN)

The US shipping crisis is not going away as 33 cargo ships float off the coast of LA waiting to dock
(DBN)

U.S. manufacturers take a double hit from labor and materials
(DBN)

Suburban flight? Hiring in urban centers is trailing the burbs
(DBN)

Commercial loan performance is all over the map in pandemic era
(DBN)

Poll: U.S. optimism declines as new Covid cases spike
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

With Eviction Moratorium Set To End, Millions Of People Are Still Behind On Rent
(DBN)

‘Unprecedented Spike’ in U.S. Evictions Looming as Ban Expires
(DBN)

CDC had no authority to impose nationwide eviction moratorium, 6th Circuit rules
(DBN)

Fed weighs curbing cash machine as critics warn of housing, stock bubble
(DBN)

Freddie Mac: Mortgage Serious Delinquency Rate decreased in June
(DBN)

Fannie & Freddie forbearances drop to 1.81%
(DBN)

MBA Survey: "Share of Mortgage Loans in Forbearance Slightly Decreases to 3.48%"
(DBN)

Housing Inventory July 26th Update: Inventory Increased 3% Week-over-week, Up 31% from Low in early April
(DBN)

Fla. condo tragedy forces risk professionals to rethink building integrity
(DBN)

Sales of new homes sink to lowest level since pandemic as high costs and low selection frustrate buyers • U.S. New-Home Sales Unexpectedly Fall to Lowest Since April 2020 • Housing boom is over as new home sales fall to pandemic low • US New Home Sales Drop For Third Straight Month In June • U.S. new home sales hit 14-month low amid supply constraints • New Home Sales Decrease to 676,000 Annual Rate in June • A few Comments on June New Home Sales
(DBN)

Phoenix Homes on Track to Break Record This Week as Housing Market Booms
(WSJ)

98th and final missing person recovered, identified in Florida partial building collapse
(DBN)

Property developer dad of Gigi and Bella Hadid 'told contractors not to let anyone know he was building an oversized mansion' and tried to hide the illegal work by using fake walls, tarps and trapdoors, jury hears
(DBN)

____________

Municipalities:

San Francisco considering congestion tax on high-earning drivers
(DBN)

____________

Oil/Gas:

Oil field service companies anticipate multi-year recovery from pandemic
(DBN)

Limetree Oil Refinery Wants Bankruptcy Shield Extended to Private-Equity Backers
(WSJ)

U.S. Shale Is Scrambling To Reinvent Itself
(DBN)

Oil Slips With Spread of Delta Variant Crimping Demand Outlook
(DBN)

Seadrill Presents to Bankruptcy Court Plan with Creditor Support
(DBN)

House Oversight panel demands interview with top Exxon lobbyist over climate
(DBN)

This refinery community is going to ban any new fossil development
(DBN)

____________

Agribusiness:

Feds protest law firm's $3.8 million bill in Easterday bankruptcy
(DBN)

____________

Utilities:

Many fire survivors still waiting for compensation from PG&E fund: report
(DBN)

Texas power grid sees record-breaking demand during heatwave
(DBN)

How Deregulation Laid The Foundation For Texas' February Blackouts
(DBN)

____________

Celebs:

‘RHOBH’s Erika Jayne and Tom Girardi’s marital mansion gets huge price cut
(DBN)

Erika Jayne's Husband Thomas Girardi To Plead The Fifth As Part Of Embezzlement Investigation, Refuses To Answer Questions About Orphan's Missing Money
(DBN)

Tom Girardi And His Bookkeeper Expected To Plead Fifth At Upcoming Hearing
(DBN)

Girardi Ch. 7 Trustee Must Give Discovery In Contempt Fight
(DBN)

Britney Spears’ new lawyer files to remove father’s control over her • One of Britney Spears' co-conservators says her entire medical team agrees her dad should be removed from her guardianship • New court document claims Britney's Spears' dad has been 'paying himself $16,000 per month' for the last 12 years • Britney Spears' mom makes damning statement against Jamie Spears in support of his ousting from the conservatorship • Can Britney Spears Sue Her Father for Conservatorship Abuse?
(DBN)

____________

Nursing Homes:

Bankrupt Amsterdam Retirement Community Gave More IDA Help
(DBN)

____________

Pharma:

OxyContin maker Purdue creditors vote in favor of bankruptcy plan • Purdue Pharma L.P. Announces Preliminary Voting Results on Plan of Reorganization
(DBN)

Blumenthal, Tong push for bankruptcy reforms in response to Purdue Pharma case: 'Absolutely unjust and unacceptable' • Attorney General Tong to Testify Before Congressional Subcommittee on Bankruptcy Abuses and Reform
(DBN)

____________

Radio:

Texas FM Sold Out Of Bankruptcy
(DBN)

____________

Horse Racing:

Zayat's Bankruptcy Lawyers Want to Sever Ties Over $368K in Unpaid Fees
(DBN)

____________

Politics:

Texas lawmakers to testify as U.S. House oversight committee plans hearing on Texas voting bill
(DBN)

This is the most unhinged Trump rant about the 2020 election yet
(DBN)

Poll: 73 percent of Democratic voters would consider voting for Biden in the 2024 primary
(DBN)

First look: Don Jr., Ron DeSantis dominate poll of GOP frontrunners
(DBN)

Former GOP Governor Christine Todd Whitman Calls Out Republicans Over Vaccines and Masks
(DBN)

Newsom calls out the unvaccinated, blasts Tucker Carlson for COVID-19 misinformation
(DBN)

Sarah Huckabee Sanders encourages Arkansans to consider getting 'Trump vaccine'
(DBN)

Arizona secretary of state tells Trump to "accept" election loss ahead of rally
(DBN)

Republican liaison to Arizona 'audit' says he might resign, saying there were 'serious issues' with Cyber Ninjas' process
(DBN)

More Democrats Equal More Power for Republicans in Texas Math
(DBN) I’m a Parkland Shooting Survivor. QAnon Convinced My Dad It Was All a Hoax.
(DBN)

White House press secretary Jen Psaki says Biden doesn't want to 'fight' Fox News after Trump 'completely destroyed trust in media' and institutions
(DBN)

Cuomo questions credibility of attorney general's investigators
(DBN)

Tom Barrack and the influence he had in Trump's world
(DBN)

Michael Flynn Boasts Maybe He'll 'Find Somebody In Washington' With His New AR-15
(DBN)

____________

New Bankruptcy Opinions
(6 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 (__ 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 Reform:

House Judiciary Testimony on Chapter 11 Abuses
(DBN)

____________

Critical Vendors:

Critical Vendors Aren’t Immune from Lawsuits to Recover Preferential Transfers
(DBN)

____________

Subchapter V:

Subchapter V: A New Sale-of-Business Opportunity
(DBN)

____________

Student Debt:

Second Circuit Follows Other Recent Circuit Opinions Re: Private Student Loan Discharge
(DBN)

2nd Circuit says private student loans not explicitly exempt from bankruptcy discharge
(DBN)

Student loans: Beauty schools lead to high levels of debt, study finds
(DBN)

Biden, Congress and student loan forgiveness: What is the federal government doing to address the issue?
(DBN)

____________

Structured Dismissal:

Option III – Structured Bankruptcy Dismissals are Alive and Well Even After Jevic
(DBN)

____________

Privilege:

When a Corporation Might Not Be a Criminal Target's Friend
(DBN)

Sanctions Imposed for Lawyer’s “Repeated, Improper” Privilege Objections
(DBN)

____________

Insurance:

Gulfstream Insurance Admits to Insolvency, Agrees to Liquidate
(DBN)

____________

Aviation:

American Airlines warns about fuel shortages around the country, asks pilots to conserve
(DBN)

If You Think Flying Sucks, Try Renting a Car
(DBN)

The US will reportedly keep travel restrictions in place as highly infectious Delta variant surges • U.S. to Maintain Travel Restrictions as Delta Variant Surges • U.S. COVID-19 travel restrictions to remain in place as Delta variant spreads
(DBN)

Business travel stirs, but many road warriors stay grounded
(DBN)

US Travelers Defy New COVID Fears: Airlines & Hotels Perk Up
(DBN)

Heathrow CEO Sees U.K. Ready to Let In Vaccinated Americans • Heathrow's COVID-19 losses hit £2.9bn as CEO warns UK 'falling behind its EU rivals' • Heathrow, airlines tell UK to open up travel as hopes rise for U.S. visitors
(DBN)

Business Travel Is Back. Are Your Employees Prepared?
(DBN)

South Africa’s Mango Airlines to seek bankruptcy restructuring
(DBN)

Ryanair says it’s outperformed low-cost rivals easyJet and Wizz as CEO O’Leary attacks EU environmental tax proposal
(DBN)

U.S. issues 'Do Not Travel' advisories for Spain, Portugal over COVID-19 cases
(DBN)

Wizz Air Chief’s $137 Million Bonus Faces Shareholder Test
(DBN)

____________

Religion:

Vatican trial opens into financial scandal rocking papacy
(DBN)

Churchgoers with face masks will be removed, Tennessee pastor says. ‘I’m sick of it’
(DBN)

Critical race theory debate is tearing apart the Christian church, pastors say
(DBN)

____________

Hotels:

Hotel Occupancy Continued Steady Climb in Recent Week
(DBN)

____________

Climate:

Study: Get ready for many more record-shattering heatwaves
(DBN)

Warming rivers in US West killing fish, imperiling industry
(DBN)

Extreme drought pushes 2 major U.S. lakes to historic lows
(DBN)

Oregon’s Bootleg Fire Spreads Over 409K Acres, Severe Weather Conditions Fuel Growth • Oregon Gov. Warns Of 'Harsh Reality' Amid Mammoth Bootleg Fire
(DBN)

California's largest wildfire forces over 8,000 evacuations as residents scramble to protect property
(DBN)

Fidelity to Vote Against Climate Laggards Starting Next Year
(DBN)

A gnarly brown Christmas? Tree farms dry out in the Pacific Northwest.
(DBN)

The G20 nations couldn’t agree on the only climate goal that really matters • Rich countries are deluded about the climate threat
(DBN)

The climate crisis is already upending American real estate — with trillions at stake
(DBN)

____________

UK:

Vijay Mallya Declared Bankrupt By U.K. Court
(DBN)

Insolvency Insight - July 2021
(DBN)

Slough bankruptcy: Council could be forced to sell assets to plug accounts black hole
(DBN)

City of London Staff Return in Highest Numbers for 16 Months
(DBN)

Falling Covid Cases Are a Welcome Surprise for U.K. Scientists
(DBN)

UK coronavirus cases have been dropping dramatically over the past week. Vaccines aren't the only reason.
(DBN)

End of Britain's COVID pandemic might be near, epidemiologist Ferguson says
(DBN)

BOE’s Vlieghe Says It’s Too Early to Tighten Monetary Policy
(DBN)

White people have the lowest life expectancy of any ethnic group in England and Wales
(DBN)

Government ‘very disappointed’ at US move to keep Covid travel ban, minister says
(DBN)

____________

EU:

Covid: more EU states to restrict venue access for unvaccinated people
(DBN)

____________

Canada:

Reverse Vesting Orders: Will They Replace CCAA Plans?
(DBN)

____________

Australia:

Australia's high wage floor lifts most
(DBN)

Australia sees COVID-19 cases climb, police warn against protest repeat
(DBN)

____________

France:

France approves a contentious law making health passes mandatory.
(DBN)

____________

Germany:

German business confidence drops over supply shortfalls, virus fears
(DBN)

____________

China:

China Stocks in U.S. Erase $740 Billion as Crackdown Deepens
(DBN)

Beijing thrusts long lists of demands at Biden administration
(DBN)

In Stinging Rebuke, China Tells U.S. Diplomat That Its Rise Can’t Be Stopped
(DBN)

____________

Spain:

Spain is again a hot spot for COVID-19 cases, but the country is keeping faith with vaccines
(DBN)

____________

India:

Reliance Inoculates 98% Workers as India Inc. Aces Vaccine Race
(DBN)

Vijay Mallya Bankrupt Order: 'Big win! but identifying assets challenging task' say bankers • UK court declares fugitive Vijay Mallya bankrupt • Vijay Mallya declared bankrupt for Indian banks to realize debt • Declared bankrupt, Vijay Mallya launches rant on Twitter
(DBN)

Opposition to move resolution against IBC (Amendment) Ordinance, 2021 today
(DBN)

Bill on pre-pack resolution of MSMEs tabled
(DBN)

____________

BVI:

Hanging on by a (golden) thread: Modified universalism and cross border insolvency in the BVI
(DBN)

____________

MENA:

Islamic State Resilient as Ever in Iraq, Syria
(DBN)

____________


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