July 8, 2021

The Daily Bankruptcy News

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Law:

Compensation Kings: All The Law Firms That Have Raised Salaries (2021)
(DBN)

New data published about lateral hiring during COVID-19 pandemic
(DBN)

Lawyer and Legal Jobs Fall, Bucking Economic Trends
(DBN)

The Biglaw Associates Most Hard Hit By Work Stress
(DBN)

When The Judge Can Read Your Mind, Or More Accurately, Your Face
(DBN)

Law School Application Surge Means ‘Nightmare’ Contest for Slots
(DBN)

Would-Be Students Competed In Elite Law School Admission 'Hunger Games' During Pandemic
(DBN)

Deputizing Banks As Sheriffs Too Cute By Half, Apparently
(DBN)

Partners Should More Often Admit To Associates When They Are Wrong
(DBN)

California Officials Consider Bar Exam Options, Possible Changes
(DBN)

Trump to sue Mark Zuckerberg, Jack Dorsey • Legal Experts Point Out Glaring Errors in Trump Lawsuits Against Facebook, YouTube, and Twitter • Trump announces class action lawsuits targeting Facebook, Google and Twitter • Cable News Star Greta Van Susteren’s Husband John P. Coale is Suing Big Tech on Trump’s Behalf • Trump’s lawsuits against Facebook, Twitter, and Google will probably go nowhere • Trump Files LOLSuit Against Tech Giants For Tortious Deplatforming • Trump Battles Facebook, Twitter Without Aid of Free Speech Pros
(DBN)

The Criminal Case Against The Trump Organization And Its CFO Is Not As Easy As It Seems
(DBN)

Washington, D.C. Court of Appeals Suspends Rudy Giuliani's Law License
(DBN)

Michigan Judge Refuses to Allow Sidney Powell, Lin Wood, and Other 'Kraken' Attorneys to Skip Sanctions Hearing
(DBN)

Three undercover officers shot on Chicago's South Side
(DBN)

More than 75 Capitol Police officers have quit amid low morale since Jan. 6: report • Army Reservist With Hitler Mustache Who Worked at Weapons Facility Will Remain Jailed Pending Trial in U.S. Capitol Siege, D.C. Circuit Rules • Mo Brooks blames Trump for his appearance at Capitol rally, saying he only spoke because the White House told him to • House GOP leader Kevin McCarthy finalizing members for Capitol riot panel, report says • What the DOJ Isn’t Telling Us About Jan. 6 • Pennsylvania Man Assaulted Police and Pulitzer Prize-Winning AP Photographer During Jan. 6 Capitol Siege: Feds • The death of Ashli Babbitt offers the purest distillation of Donald Trump's view of justice • Tambourine-Shaking Ex-NYPD Cop Pleads Not Guilty to Charges Related to Jan. 6 Breach of U.S. Capitol
(DBN)

Virginia group's members wanted to test bombs, secede from US: court records
(DBN)

Darnella Frazier, who filmed Chauvin, says her uncle was killed by police car chasing a robbery suspect • 'Police Killed My Uncle': Darnella Frazier Says Man Who Died in Collision with Minneapolis Police Cruiser Was Her Relative
(DBN)

Appeals Court Affirms Immunity for Cops Who Tased Gasoline-Soaked Man and Burned Him to Death
(DBN)

Judge rules for grandma on home confinement after arrest for not answering calls during computer class
(DBN)

Federal judge rules Air Force is mainly responsible for Texas church mass shooting • Air Force failed to submit Texas shooter’s criminal history
(DBN)

New York defines illegal firearms use as a ‘public nuisance’ in bid to pierce gun industry’s powerful liability shield
(DBN)

Protesters shut down a Utah school board meeting by yelling, 'No more masks!' Now 11 of them face charges.
(DBN)

Pressure grows on Biden to curb ransomware attacks • Top lawyer for U.S. cyberwarriors calls for military cyber response to global criminal hackers
(DBN)

More than $1 billion in pot seized in Los Angeles-area bust
(DBN)

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Judges:

Regional chief judge steps down from administrative role because of Halloween party photo
(DBN)

Partisan posts and lewd photos: Judges punished for social media misconduct
(DBN)

Editor jailed after reporter recorded murder trial in North Carolina
(DBN)

SCOTUS in review: Kavanaugh is the median; Barrett, consensus justices play ‘the long game’
(DBN)

Supreme Court's Inadequate Recusal Policy
(DBN)

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Wall Street:

Dow futures drop 500 points on concerns about the global economic comeback, bond yields slide
(DBN)

Record highs in the stock market are being driven by just a handful of names as breadth deteriorates
(DBN)

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Layoffs:

GSK closing plant in Memphis, to lay off more than 150 workers
(DBN)

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Retailing:

Liquidators Become Shopkeepers to Peddle Pandemic’s Unsold Goods
(DBN)

Months after filing for bankruptcy, Belk names new CEO
(DBN)

Booming Back-to-School Shopping Season May Give Retailers Lift They Need
(DBN)

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Crypto:

45% of young Brits say their first investment was in crypto - and half of them are using debt to fuel the boom, survey shows
(DBN)

China’s central bank is ‘quite worried’ about risks from some digital currencies
(DBN)

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Religion:

'The final straw': Some Catholic Canadians renounce church as residential school outrage grows
(DBN)

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Insurance:

Bankrupt insurance plan for doctors and businesses asks Murphy for $18M COVID bailout
(DBN)

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Sports:

Japan considers ban on Olympic spectators, prepares state of emergency for Tokyo • Japan Vaccine Effort Hits Logistic Bottlenecks Ahead of Olympics
(DBN)

CFL halts partnership talks with XFL
(DBN)

Soccer Fandom May Be Driving Covid-19 Infections in English Men
(DBN)

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Festivals:

Fyre Festival ticketholders see their class-action payout of $7,220 each slashed to just $280 in bankruptcy court • Fyre Festival attendees stand to recover almost nothing from bankruptcy
(DBN)

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Credit Counseling:

CFPB files lawsuit against debt-relief and credit-repair company and its owners and executives
(DBN)

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Hotels:

EHT Gets OK To Retroactively Reject Queen Mary Lease
(DBN)

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Distressed Investing:

Huge Maturity Wall Seen Boosting Emerging-Market Junk Bond Sales
(DBN)

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Healthcare:

Dangerously low blood supply in U.S. forces some hospitals to postpone surgeries
(DBN)

CDC says delta variant now makes up majority of US cases
(DBN)

Headache? Runny nose? These are among the new top 5 Covid symptoms, study says
(DBN)

A leading US disease expert says there's 'no doubt in my mind' vaccinated people are helping spread Delta
(DBN)

Houston Breakout of Delta COVID Variant Should Be 'Wake-Up Call,' Virologist Says
(DBN)

Unvaccinated clusters allow Covid to mutate and put everyone at risk, doctor says
(DBN)

WHO says COVID has now killed more than 4 million people • Covid Deaths Reach 4 Million as Vaccine Disparity Exposes Poor
(DBN)

WHO urges extreme caution against completely lifting public health measures
(DBN)

Marjorie Taylor Greene makes Nazi-era comparison about vaccination efforts • Weeks after Holocaust Museum visit, Rep. Greene makes new Nazi-era comparison in opposing vaccination push • Psaki says the White House doesn't 'take health and medical advice' from Marjorie Taylor Greene after the congresswoman compared vaccination efforts to Nazi 'brown shirts'
(DBN)

The GOP's violent rhetoric could make future elections much more dangerous
(DBN)

From Wuhan to Paris to Milan, the search for 'patient zero'
(DBN)

Vaccinated countries with high Covid infections mostly rely on Chinese vaccines
(DBN)

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Economy:

US job openings rise to record high, layoffs hit record low • BLS: Job Openings "Little Changed" at 9.2 Million in May
(DBN)

The Halftime Report: A Dull, Low-Scoring First Half
(DBN)

Covid-19 Pushed 22 Million Out of Job Market in Major Economies
(DBN)

New Covid outbreaks a top risk to economic recovery, OECD chief says
(DBN)

10-year Treasury yield falls to 1.25% on concerns about global economic growth
(DBN)

Half of U.S. Hospitality Workers Won’t Return in Job Crunch
(DBN)

Workers sued after unemployment aid ended early. Some are winning.
(DBN)

Kashkari Says Minneapolis Fed Requiring Employees Be Vaccinated
(DBN)

95% of workers are thinking about quitting their jobs, according to a new survey - and burnout is the number one reason
(DBN)

I traveled across the East Coast for my honeymoon, and I saw firsthand that the labor shortage is worse than ever
(DBN)

How the pandemic made it much harder to fill jobs than ever before
(DBN)

Is the IMF repeating its mistakes from the global financial crisis?
(DBN)

Global Food Costs End Year-Long Surge, Easing Inflation Pressure
(DBN)

Some See $5 Gas Coming Down the Pike
(DBN)

Biden to highlight jobs and families plan ahead of looming Senate fight
(DBN)

Conservative groups mount opposition to increase in IRS budget, threatening White House infrastructure plan
(DBN)

Biden’s plans to raise taxes on corporations and the wealthy are losing momentum
(DBN)

How remote work changed the way companies think about where to keep offices
(DBN)

Goldman Sachs offices are open. But getting junior bankers to return full time is proving tough.
(DBN)

Citigroup’s Vaccinated Bankers Are Getting Back on the Road
(DBN)

Remote Workers Point To Violence, Crime And A Decrepit Mass Transit System As Reasons Not To Return To New York City Offices
(DBN)

Santander Plans Hybrid Return for Some of 17,000 U.S. Staff
(DBN)

Iceland tested a 4-day workweek. Employees were productive - and happier, researchers say.
(DBN)

GOP Senator Scoffs at Trump Auto-Tariff Report as Secrecy Ends
(DBN)

If You Don’t Like Jeff Bezos, Your Real Problem Is With Capitalism
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

Slow trickle of rental aid heightens concern about eviction crisis
(DBN)

Lumber prices have rebounded sharply over the last 3 days after plummeting more than 50% from record highs
(DBN)

Death toll from Surfside building collapse climbs to 46
(DBN)

Florida condo laws under scrutiny by Florida Bar task force after Surfside collapse
(DBN)

Repealed Florida law would have required faster repairs at collapsed tower, experts say
(DBN)

Las Vegas Real Estate in June: Sales up 53% YoY, Inventory down 46% YoY
(DBN)

KKR Breaks Its Loan Record With Property Market ‘Roaring Back’
(DBN)

Manhattan’s Apartment Glut Eases as Renters Race to Sign Leases
(DBN)

Northwest Real Estate in June: Sales up 31% YoY, Inventory down 34% YoY
(DBN)

U.S. housing shortage will be around for ‘years to come,’ says Taylor Morrison CEO
(DBN)

____________

Municipalities:

NYC’s Recovery Will Be Template for U.S. Cities, Adams Says
(DBN)

Oversight board sues to stop Puerto Rico pension law
(DBN)

____________

Oil/Gas:

'Eye of fire,' Exxon lobbyist's comments fuel renewed attacks on oil industry
(DBN)

Oil Sands Carbon Cuts Come With $60 Billion Bill, Loose Ends
(DBN)

The Case Against Fossil Fuel Divestment
(DBN)

U.S. gas prices highest in 7 years, up 40% since January
(DBN)

____________

Utilities:

California Scrambles to Find Electricity This Summer as Blackout Risks Grow
(DBN)

Following Years of Deadly Wildfires, PG&E Again Vows to Do Better
(DBN)

Griddy's Ch. 11 Customer Release Plan Approved In Texas
(DBN)

Texas Power Grid Already Had 1,280 Summer Outages
(DBN)

____________

Climate:

North America had its hottest June on record
(DBN)

Pacific Northwest heat wave was 'virtually impossible' without climate change, scientists find • Climate Change Juiced the Deadly Pacific Northwest Heatwave
(DBN)

Ron Johnson: Climate change is 'bulls---'
(DBN)

Top Finance Regulators Seek Coordinated Response to Climate Risk
(DBN)

Climate Change Linked to 5 Million Deaths a Year, New Study Shows
(DBN)

____________

History:

Thousands of pages documenting slavery found in attic of Eastern Shore house
(DBN)

____________

Fraud:

Elizabeth Holmes' Attorneys Claim Prosecutors Failed to Preserve the 'Most Critical Exculpatory Evidence' in Fraud Case Against Theranos Founder
(DBN)

____________

Autos:

Q&A: Glenn Agre's Andrew Glenn reflects on Hertz shareholders' wild ride
(DBN)

____________

Celebs:

RHOBH’s Erika Jayne embezzlement victims ‘can collect money’ from reality star in $11 million lawsuit with husband Tom
(DBN)

____________

Politics:

DeSantis risks Trump backlash as his star rises
(DBN)

Texas governor tees up special session full of conservative priorities
(DBN)

Trump wanted to use the COVID-19 pandemic to call off the 2020 election, Wolff book says
(DBN)

In Trump's world, only his speech is free
(DBN)

The White House's slipshod claim that Republicans are defunding the police
(DBN)

4 takeaways from New York City's attempt to use ranked-choice voting to pick its next crop of politicians
(DBN)

Michael Flynn's Family Claims Video of Them Reciting 'Where We Go One, We Go All' Was Not About QAnon
(DBN)

The real reason Rep. Marjorie Greene can't stop making horrible Nazi metaphors
(DBN)

Trump-Appointed Judge Refuses to Block Enforcement of Georgia Voter Laws in Upcoming Runoff Election
(DBN)

Pennsylvania AG Slams 'Sham' Arizona-Style 'Forensic Audit' of the 2020 Presidential Election as a 'Partisan Fishing Expedition'
(DBN)

Arizona Cites High Court Win to Back Another Voting Restriction
(DBN)

KKK White Power Rally Set for September in Longview
(DBN)

____________

 
New Bankruptcy Opinions
(5 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (18 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (8 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:

Commercial Chapter 11 Filings Increase 42 Percent in June from Last Month, Total Filings Decrease Slightly
(DBN)

Georgia bankruptcy filings reveal economic, racial differences
(DBN)

______________

Bad Faith:

Their Aim Wasn't True – The NRA and Bad Faith Bankruptcy Filings
(DBN)

____________

D&O:

Delaware Supreme Court Provides Guidance Regarding D&O Liability Insurance Coverage
(DBN)

____________

Aviation:

American Airlines says holiday weekend traffic was three times higher than 2020
(DBN)

Special fast lane planned for vaccinated arrivals at London’s biggest airport
(DBN)

A Hawaii mayor is asking airlines to 'pause' flights as travelers invade the islands
(DBN)

Bankruptcy proceedings against VIM Airlines extended again
(DBN)

Aerospace Industry Will Struggle to Turn Profit in 2021, Report Says
(DBN)

Vaccinated Travelers Set to Be Freed From U.K. Isolation Rules
(DBN)

Senior Executives Resign From Cathay Pacific Amid Covid Battle
(DBN)

____________

Tourism:

Should you cancel your summer vacation? Crowds, high prices and variants have some travelers reconsidering
(DBN)

____________

Mass Torts:

Judge sets July hearing on Boy Scouts settlement agreement
(DBN)

Boy Scouts To Sell Campgrounds To Pay $850-Million Settlement For Sex Abuse Victims Amid Bankruptcy Woes
(DBN)

____________

Student Debt:

The big jobs comeback may stop your student debt from being canceled
(DBN)

____________

Tech:

YouTube's secret algorithm continues to push misinformation on users, from false election fraud claims to conspiracy theories, according to a new study
(DBN)

____________

Pharma:

15 States Drop Opposition To Controversial Purdue Pharma Oxycontin Bankruptcy
(DBN)

____________

Sovereigns:

Cut to Junk, Colombia Dispatches Finance Chief, CEOs to New York
(DBN)

Ethiopia in Negotiations to Restructure $1 Billion More of Debt
(DBN)

Central America’s public debt profile: A high dependence on external creditors
(DBN)

IMF calls for urgent action to address worsening two-track recovery
(DBN)

____________

UK:

New Look and Regis from a UK Insolvency Practitioner’s Perspective
(DBN)

England's gamble on pandemic may herald 'freedom,' but carries big potential downside
(DBN)

The Bank of England anticipates staff will return to the office at least 1 day a week from September
(DBN)

Four in Five U.K. Finance Firms Plan to Implement Hybrid Work
(DBN)

U.K. Productivity Rises as Lockdowns Shut Bars and Restaurants
(DBN)

U.K. Wage Inflation Emerges With Post-Lockdown Staff Shortages
(DBN)

U.K. Passport Is as Good as Uzbekistan One Amid Covid Curbs
(DBN)

Gyms Are the Unlikely Winners of U.K. Post-Covid Reopening Trade
(DBN)

U.K. Self-Employed Among Most Deprived During Covid, Study Finds
(DBN)

____________

EU:

"Green Pass" COVID travel app smoothing travel for Europeans
(DBN)

____________

Germany:

Germany Renews Vaccine Plea as Europe Struggles to Contain Delta
(DBN)

____________

Australia:

Australia left thousands of citizens stranded abroad in the pandemic. But it let the French rugby team in.
(DBN)

Sydney’s Delta Outbreak Reaches Record High Despite Lockdown
(DBN)

Coal Giant Australia Must Now Consider Climate in Mine Approvals
(DBN)

____________

Netherlands:

Amsterdam says 'stay home' to partiers, pot smokers in tourism rethink
(DBN)

____________

Thailand:

Thailand’s Full Reopening in Doubt With 10-Fold Surge in Covid
(DBN)

____________

India:

India Supercharged Its Economy 30 Years Ago. Covid Unraveled It in Months
(DBN)

____________

Mexico:

Bankruptcies during the second trimester of 2021 in Mexico.
(DBN)

____________

Taiwan:

How Taiwan held off Covid-19, until it didn’t • Taiwan Set to Ease Covid Controls Despite Threat From Delta
(DBN)

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Indonesia:

Indonesia’s Covid-19 Deaths Exceed 1,000 in New Record
(DBN)

____________

Singapore:

Singapore property dynasty sees woes piling in China unit
(DBN)

____________

Haiti:

Haiti in upheaval: President Moïse assassinated at home • Police capture, kill alleged assailants in assassination of Haitian president • Haiti: Now No One is in Charge
(DBN)

____________

South Africa:

South African Excess Deaths at Six-Month High as Delta Spreads
(DBN)

____________

Lebanon:

Lebanon Needs A Miracle
(DBN)

____________

China:

Why China Surpassing America’s Economy Isn’t a Sure Thing
(DBN)

China signals it will ease monetary policy, a move that could indicate weaker growth
(DBN)

____________

Vietnam:

Vietnam Imposes Stricter Curbs to Stem HCMC Outbreak
(DBN)

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