July _, 2021

The Daily Bankruptcy News

View prior editions: Click Here
View prior case summaries: Click Here
Search prior headlines: Click Here
Search prior case summaries: Click Here

3-Column Formating

 

Law:

Am Law Firms Get $210M in PPP Loans Forgiven • At least 27 BigLaw firms had $210M in paycheck protection loans at least partly forgiven • Biglaw Firms Get $210 Million In PPP Loans Forgiven
(DBN)

Hybrid Work Model Raises Interesting Challenges When It Comes To Billing
(DBN)

Yet Another Biglaw Firm Joins The Raise Race, But It's Not A Total Match
(DBN)

It's Not A True Match, But Associates At This Firm Are Still Pumped About Their Raises
(DBN)

Biglaw Firm Seeks Input Before Raising Associate Salaries
(DBN)

Financial Restructuring & Bankruptcy Pro Joseph DiPasquale Joins Fox Rothschild
(DBN)

Bar Exam Drops Mask Mandate Days Before Test... Low Vaccination Rates And Raging Delta Infections Elicit Shrugs
(DBN)

Trump foe Avenatti weeps as he is sentenced to 2.5 years for Nike extortion • Above The Law's 2018 Lawyer Of The Year Sentenced To 30 Months • 'TV and Twitter, Your Honor, Mean Nothing': Tearful Fallen Trump Foe Michael Avenatti Gets Two-and-Half-Year Sentence in Nike Extortion Case
(DBN)

Law firms make counteroffers to retain rainmakers; is it a good idea?
(DBN)

What COVID-19 Really Did To The Associate Lateral Market
(DBN)

Erika Jayne may have to pay back her husband's $11 million debt to embezzlement victims amid his ongoing bankruptcy case, judge rules
(DBN)

What’s Next in 2021? My Crystal Ball Is In The Shop
(DBN)

Surging First Half M&A Fuels Record Run for Elite Law Firms
(DBN)

How I Made Partner: 'I'm Gutsy. I Stand Up for What I Believe In"
(DBN)

Freshfields lawyer criticized for joking 'the poor are nothing'
(DBN)

$37M verdict reversed after lawyer calls makers of tobacco ‘soulless enterprise of death’
(DBN)

Experts say Trump's social media lawsuits are likely doomed • Trump’s lawsuits against big tech are just another fundraising tool • Trump sues Twitter, Facebook, Google – and immediately begins fundraising off the effort • Tort lawyers represent Trump in social media censorship lawsuits; is ‘state actors’ claim viable? • Former White House Counsel During Watergate Has an Interesting Idea for Facebook's Litigation Strategy against Donald Trump
(DBN)

Trump once told a caller that Rudy Giuliani drank too much, was a loose cannon, and said 'a lot of s---' that wasn't true, new book says
(DBN)

Kraken Lawyer Tells Judge 'Any Attempt To String Cite [Caselaw] Would Be Insulting To All Involved'
(DBN)

One sentence in the Trump Organization indictment suggests more charges are coming, former prosecutor says
(DBN)

Making The Case For Donald Trump's Indictment In The Court Of Public Opinion
(DBN)

Rep. Adam Kinzinger suspects fellow GOP lawmakers knew what would happen on January 6: 'I saw the threats' • Five Floridians Face 19-Count Indictment Alleging Coordinated Attack on Law Enforcement, Theft, and More During Capitol Hill Clashes
(DBN)

Va. school district appeals reinstatement of teacher who said he would not use trans students' pronouns
(DBN)

‘Shut down everything’: Global ransomware attack takes a small Maryland town offline
(DBN)

Michigan AG, police to probe false election fraud claims after GOP report
(DBN)

‘Repulsive Act’: Gravestones At Baltimore Jewish Cemetery Defaced With Swastika Graffiti
(DBN)

Why the Arkansas Trooper Who Intentionally Rammed a Pregnant Woman’s SUV During a Traffic Stop Is Unlikely to Face Consequences
(DBN)

20,000 Sexual Assaults Each Year in Military
(DBN)

Humiliated lawyer forced to remove her underwear for prison visit
(DBN)

Bonkers Law Firm of the Week: 'Our website is the best in the universe'
(DBN)

______________

Judges:

Los Angeles superior court fined over $25K for COVID-19 safety violations after courthouse worker deaths
(DBN)

______________

Wall Street:

Dow futures bounce by 200 points as markets look to rebound from Thursday’s sell-off
(DBN)

Jim Cramer blames market sell-off on government failures to contain delta spread
(DBN)

Dow drops more than 250 points amid global economic recovery concerns, S&P 500 slides
(DBN)

______________

Layoffs:

Abbott Labs to layoff 300 Maine employees
(DBN)

Bellevue-based Xevo lays off 97 workers
(DBN)

______________

Crypto:

Bitcoin tumbles 7% amid a broader cryptocurrency sell-off that's also dragging crypto-linked stocks lower
(DBN)

Sen. Warren warns of cryptocurrency risks, presses SEC on oversight authority • Elizabeth Warren demands answers from the SEC on crypto regulation by the end of July
(DBN)

Crypto Scammers Rip Off Billions as Pump-and-Dump Schemes Go Digital
(DBN)

____________

Climate:

Tallying the Western drought's toll on California hydropower
(DBN)

Biden leans into clean power mandate despite hurdles
(DBN)

The Corporate Climate Pledges Are as High as an Elephant’s Eye
(DBN)

ECB adds its clout to climate change battle
(DBN)

Gov. Newsom asks Californians to cut water use by 15% amid drought
(DBN)

NYC: Subways and City Flooded
(DBN)

We’re Right to Worry About Nightmare Climate Scenarios
(DBN)

____________

Coal:

New Coal Plants Are Popping Up All Over Asia
(DBN)

____________

Live Performances:

Live Nation’s U.S. concert business is now ‘fully open’ after Covid pause, CEO says
(DBN)

____________

Healthcare:

The Delta variant is like last year's 'COVID-19 on steroids,' former White House response team advisor says
(DBN)

July 8th COVID-19 New Cases, Vaccinations, Hospitalizations
(DBN)

Americans will need masks indoors as U.S. heads for ‘dangerous fall’ with surge in delta Covid cases • Some in US pushing for more COVID restrictions, masking, as delta variant spreads
(DBN)

Nearly all new Covid deaths, hospitalizations among unvaccinated: White House
(DBN)

How well COVID-19 vaccines protect against the Delta variant, according to the best available data
(DBN)

Study: Delta coronavirus variant evades antibodies through mutations
(DBN)

The drug pricing lawsuit that could blow up Medicare
(DBN)

U.S. Latinos and the anguish COVID leaves behind
(DBN)

The worldwide wait for vaccines
(DBN)

Festival with Luke Combs, Carrie Underwood sparks COVID outbreak, Colorado officials say
(DBN)

Coronavirus cases in California rise for first time in months as Delta variant spreads
(DBN)

Very Few Kids Need to Shield From Covid, Large U.K. Study Finds
(DBN)

____________

Politics:

Arizona's top elections official is calling for a probe of Trump and his allies over 'intense efforts to interfere' with ballot counting
(DBN)

'He's f---ed up everything': Trump exploded at his campaign manager over low turnout at a rally, a new book says
(DBN)

Marjorie Taylor Greene admits Trump won't be reinstated in the White House in August
(DBN)

Trump joked about Jamal Khashoggi's grisly murder in phone calls to Saudi prince: report
(DBN)

Toyota to cease donations to election objectors
(DBN)

Arizona Secretary of State Katie Hobbs Opens Up on 'Renewed Threats' to Her Safety and the Ballot
(DBN)

Texas lawmakers take up limits on voting, abortion in special session
(DBN)

____________

Economy:

Fed officials split on easing quantitative easing program
(DBN)

The number of Americans laid off from their jobs hit a record low in May, as companies cling onto their workers during the crippling labor shortage • U.S. jobless claims unexpectedly rise, overall trend points lower
(DBN)

Number of workers unemployed for more than a year jumps by 248,000
(DBN)

Biden Order Seeks to Invigorate Competition Across U.S. Industry
(DBN)

Americans are using a record-low portion of their disposable income to pay down debt
(DBN)

Fast-food workers are leveraging the labor shortage to demand higher pay on the anniversary of the last federal minimum wage increase 12 years ago
(DBN)

More people are telling their jobs to 'shove it' amidst record quits
(DBN)

Weekly Initial Unemployment Claims increase to 373,000 • Jobless claims unexpectedly bounce higher to 373,000 as recovery turns choppy
(DBN)

3 things you should know about the millions of people quitting their jobs, according to the chief economist of the AFL-CIO
(DBN)

Grocery stores are stockpiling food and cleaning supplies amid rising costs and demand
(DBN)

Have a seat: Patio furniture shortage tells US economic tale
(DBN)

What the bond market is signaling about inflation expectations
(DBN)

Leisure and hospitality workers quit at a record pace
(DBN)

229% Surge in China-U.S. Shipping Costs Drives Inflation Pressure
(DBN)

The Rebranding of ‘Trump Country’
(DBN)

What caused the Great Recession? Understanding the key factors that led to one of the worst economic downturns in US history
(DBN)

The Gig Economy Sucks
(DBN)

In New Papers, Economists Argue Deficits Are Like Ponzi Schemes
(DBN)

Early Mandates Boost Worker Vaccine Rates, Prompt Few to Quit
(DBN)

Oxfam: War, Covid and climate change are killing 11 people every minute
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

Leading Index for Commercial Real Estate "Loses Steam In June"
(DBN)

NMHC: Rent Payment Tracker Shows Households Paying Rent Decreased Slightly YoY in Early July
(DBN)

Mortgage rates fall back down to 2.9%
(DBN)

Surfside death toll rises to 60 as search efforts shift from rescue to recovery • Surfside Tower Collapse: Plaintiffs Line Up for Lawsuits as Crews Attempt to Recover Victims from Rubble • Memorial park? As court weighs sale of Surfside property, debate starts over future of site • Officials Were Not Notified Of Deteriorated Concrete Before The Surfside Condo Collapse • Firefighters Searching The Rubble Are Facing Physical And Emotional Tolls • Recovery workers pledge to press forward in condo collapse • 60 dead in Florida condo collapse, 80 missing, hope for survivors ‘near zero’
(DBN)

DeSantis won’t commit to statewide review of aging Florida buildings
(DBN)

New Hampshire Real Estate in June: Sales Up 6% YoY, Inventory Down 31% YoY
(DBN)

North Texas Real Estate in June: Sales Down Slightly YoY, Inventory Down 50% YoY
(DBN)

____________

Municipalities:

‘Trying To Strangle Local Governments:’ What Happens When States And Their Cities Become Adversaries?
(DBN)

Chicago's unfunded pension liabilities continue their upward march
(DBN)

____________

Oil/Gas:

Big American shale producers are reportedly selling oil at a loss despite soaring crude prices
(DBN)

U.S. Shale On Track For One Of Its Best Years Ever
(DBN)

High Oil Prices Could Derail America’s Economic Recovery
(DBN)

Stellantis makes 30 billion euro wager on electric vehicle market
(DBN)

Firms plan to invest $593 million in European charging network for trucks
(DBN)

BP says all other global energy crises pale in comparison to the year of Covid
(DBN)

It's time for a green insolvency and bankruptcy code
(DBN)

____________

Student Debt:

8.5 million student-loan borrowers can 'breathe a sigh of relief' after major loan company shuts down, says Elizabeth Warren
(DBN)

States can't sue the companies that charge you interest on student loans. All 50 states want Biden to change that.
(DBN)

You should prepare for student loan payments to resume even if pause is extended
(DBN)

____________

Consumer Finance:

Wells Fargo tells customers it’s shuttering all personal lines of credit
(DBN)

____________

Movie Theaters:

AMC learns the new rules of the game
(DBN)

____________

Movies:

Barry Diller Headed 2 Hollywood Studios. He Now Says The Movie Business Is Dead
(DBN)

____________

Pharma:

Oregon, Washington not agreeing to Purdue Pharma opioid settlement plan • Vermont remains opposed to Purdue Pharma bankruptcy proposal as more states sign on
(DBN)

Minnesota to get $50M for opioid crisis from Purdue Pharma, Sackler family • N.Y. AG James Announces $4.5 Billion Settlement With Purdue Pharma Over Opioid Crisis • Attorney General Herring Reaches Resolution with Purdue Pharma and The Sackler Family for Their Role in Creating and Prolonging the Opioid Crisis • AG Healey Announces Resolution With Purdue Pharma and the Sackler Family for Their Role in the Opioid Crisis • Attorney General Josh Stein Releases Statement on Purdue Bankruptcy Plan • Idaho Lifts Its Opposition To Opioid Bankruptcy Settlement • Illinois Drops Opposition To Purdue Pharma Bankruptcy • Pennsylvania among 15 states to drop opposition to Purdue Pharma bankruptcy
(DBN)

The Sacklers Get Away With It for the Price of $4.5 Billion
(DBN)

Sackler family's Purdue Pharma moves closer to OxyContin bankruptcy settlement
(DBN)

'Their Time is Over': Sackler Family Banned from Opioid Trade, Purdue Pharma Shuts Down as 15 AGs Announce $4.5 Billion Deal
(DBN)

30 Maine school districts join suit against opioid manufacturer Purdue Pharma
(DBN)

____________

Sports:

Olympics to be held without spectators as Tokyo enters state of emergency
(DBN)

Why the Tokyo Olympics spectator ban caused stocks to fall
(DBN)

An Olympic fiasco
(DBN)

Olympic leaders are making sure the Tokyo Games are safe — from liability
(DBN)

Conservative group runs ads attacking MLB
(DBN)

____________

Religion:

Rochester Diocese Defends $35M Deal To Cover Abuse Claims
(DBN)

____________

Newspapers:

New owner of NY Daily News mulling bankruptcy: source
(DBN)

____________

Social Media:

Man prepares to file for bankruptcy after leaving a negative online review
(DBN)

____________

Utilities:

Remember California Gov. Gavin Newsom's 2019 warning for PG&E? Here's what he's done since then.
(DBN)

ERCOT: Gas and Coal Fired Plants' Big Role in June Grid Woes
(DBN)

____________

Executive Compensation:

Heads I Win, Tails You Lose
(DBN)

____________

New Bankruptcy Opinions
(3 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (14 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (9 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% in June, Total Filings Decrease Slightly
(DBN)

Personal bankruptcies are down, money woes have eased — for now
(DBN)

Divergence in bankruptcy law across advanced and developing economies
(DBN)

______________

Executory Contracts:

Executory Contracts: Third Circuit Does Not Recognize the Doctrine of Implied Assumption
(DBN)

____________

Administrative Claims:

Administrative Claimant Does Not Have to Prove Services Increased Debtor Business
(DBN)

____________

Bankruptcy Books:

Available now, wherever books are sold.
(DBN)

____________

Subchapter V:

Standards For Fixing The Length OF A Subchapter V Plan, Under § 1191(c)(2)?
(DBN)

____________

Aviation:

Airbus says delivered 297 airplanes in H1
(DBN)

Is Garuda Indonesia on the brink of bankruptcy?
(DBN)

Debt-ridden Air India’s technical arm AIESL has failed to deposit employees’ PF since March 2019
(DBN)

Cash-rich Singapore Airlines positioned for regional dominance as rivals pull back
(DBN)

____________

Tech:

Trump's presidency drove a wedge between Facebook's Mark Zuckerberg and Sheryl Sandberg thanks, in part, to clashing views on how to tackle Trump's hate speech on the platform
(DBN)

Donald Trump was reportedly desperate to gain the approval of Silicon Valley execs soon after the 2016 election: 'Everybody in this room has to like me'
(DBN)


____________

Distressed Investing:

MatlinPatterson funds, foreign litigants gear up for bankruptcy showdown • Key WorldCom Bankruptcy Player Now Finds Itself in Chapter 11 • New Chapter 11 Filing – MatlinPatterson Global Opportunities Partners II L.P.
(DBN)

____________

Celebs:

Federal Judge Lets Attorney Tom Girardi's Ex-Clients Seek Millions from His Estranged, Reality TV Star Wife
(DBN)

Britney Spears Conservatorship Civil War: Singer’s Dad Fighting New Security Costs Request As Tensions Mount
(DBN)

'So Unseemly': Judge Calls Out R. Kelly's Legal Team For Infighting, 'Mudslinging' Ahead of Singer's Sex Trafficking Trial
(DBN)

____________

Tobacco:

US Tobacco Cooperative Hits Ch. 11 With $100M Debt • Tobacco giant based in Raleigh files bankruptcy petition
(DBN)

____________

Sovereigns:

IMF Nears Final Approval of $650 Billion Reserve-Boost Plan
(DBN)

____________

UK:

New Look CVA challenge fails
(DBN)

Britons Say They Value Masks as U.K. Ends Compulsory Wearing
(DBN)

Job Cuts Not Planned by Most U.K. Firms as Furlough Ends
(DBN)

Private equity buying spree hits new record as British firms targeted
(DBN)

U.K. Economy Grew Less Than Expected as Manufacturing Weakened
(DBN)

London Finance Job Vacancies Nearly Trebled in June Rebound
(DBN)

____________

EU:

Europe’s Summer in Peril as France Warns on Spain, Portugal • France Backtracks on Virus Warning About Spain and Portugal
(DBN)

____________

Australia:

Sydney Sees Worst Pandemic Day of 2021
(DBN)

____________

India:

It's time for a green insolvency and bankruptcy code
(DBN)

Lenders say no to firms, individuals when India's economy needs credit most • India’s risk-averse lenders are emerging as one of the biggest hurdles to its recovery
(DBN)

Loan growth shows virus leaving deep scars on India’s economy
(DBN)

India’s Biggest Job Creators Are Being Killed by the Pandemic
(DBN)

____________

Mexico:

Mexico Creates Vaccine Oasis in Bid to Reopen U.S. Border
(DBN)

____________

Malaysia:

Malaysia Reports Record Daily Coronavirus Cases Amid Lockdown
(DBN)

Malaysia, 1MDB File Suit Against KPMG Partners for $5.64B: Report
(DBN)

____________

Thailand:

Thailand Tightens Covid Curbs in Virus Hotspots as Deaths Spike
(DBN)

____________

Singapore:

CDL to continue limiting exposure to China unit facing bankruptcy claim
(DBN)

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

Singapore Seeks ‘Middle Path’ on Covid Reopening, Ong Says
(DBN)

____________

South Korea:

South Korea to Raise Social Distancing in Seoul to Highest Level
(DBN)

Record Company Debt Binge in South Korea Shows Signs of Slowing
(DBN)

____________

Netherlands:

Impact of Changes to Dutch Tax Loss Rules on Restructurings
(DBN)

____________

Argentina:

Correo Argentina reacts to bankruptcy ruling
(DBN)

____________

UAE:

Recent changes to UAE bankruptcy law: the impact on the construction industry
(DBN)

____________

Haiti:

2 Americans Arrested in Haiti Assassination • 17 suspects detained in assassination of Haiti's president
(DBN)

____________

China:

China Urged Evergrande Founder to Find Quick Fix for Debt Woes
(DBN)

____________

Japan:

Nikkei 225 on Track to Enter Correction Amid New Tokyo Emergency
(DBN)

___________


The Daily Bankruptcy News is primarily a curated news link gathering service.   Most of the headlines contained in the publication are a collection of links to stories posted on the Internet by various third party publications.  Such content is owned by third party sources, not The Daily Bankruptcy News, and in some cases, these links change or expire, which means you may not be able to view some news stories in prior editions of the Daily Bankruptcy News. The DBN subscription fee is not a fee for access to the content of the links, but is a charge for the considerable work involved in gathering, organizing and presenting the links. Use of this site and The Daily Bankruptcy News is subject to our Terms of Use. If you received The Daily Bankruptcy News via email (and you have a paid subscription account), to view a news story, click on the headline, and the story should open in your web browser. To view additional stories, click back to the email and click on additional headlines, which will cause new stories to open in your web browser.  You can view the most recent edition of The Daily Bankruptcy News on the web at BKInformation.com.

Advertising
Advertising is available in The Daily Bankruptcy News. Click here for details  Feel free to contact us with any questions.

Passwords/Subscriptions
Access to certain links in The Daily Bankruptcy News is available only to readers holding a paid service subscription. These links are currently marked with a "DBN" notation. The cost of a subscription is $69.00/year, payable annually.  Volume discounts are available for sites with multiple users. Click here to see a schedule of discounts. Complimentary subscriptions are available for full-time educational and governmental employees and for full time students. For information about discounts or educational/governmental subscriptions, contact us by clicking here. A separate password is required for each member of a firm wishing access to restricted links.

New readers can receive a free password good for 30 days by clicking here. 30-day passwords are not available to readers who have previously had a password, even if the password was associated with a different email address used by the reader. Refunds are not available after purchase.

Readers who wish to change their passwords should click here. Readers who have forgotten their password should click here.

Adding Your Email Address To The Distribution List
If you would like to start receiving The Daily Bankruptcy News by email each day, click here, and fill in the information requested. There is no charge to be placed on the distribution list to receive the headlines, although access to many of the links behind the headlines requires a paid subscription (see above, under Passwords). If, after adding your email address to the distribution list, you do not receive an email confirming the addition, please contact us by clicking here for help.

Removing Your Email Address From The Distribution List
If you already receive The Daily Bankruptcy News by email and you wish to remove your email address from the distribution list, click here and send the email that should appear. You do not need to type anything in the body of the email message. Note that the email asking for removal must be sent from the same email address which is on our distribution list. If you do not receive an email confirming deletion of your email address from the distribution list, contact us by clicking here for help.

If receive the publication forwarded from an older email address, you will need to contact us as described below for help removing that older address from our distribution list.

Press Releases/News Tips
Please send press releases and news tips to admin@bkinformation.com

Contact Us
The Daily Bankruptcy News is published each business day by BKINFORMATION.COM, L.L.C. You can reach us at 281-402-3957 or at accounting@bkinformation.com (email inquiries are usually answered substantially more quickly than phone inquiries). Our mailing address is 935 Eldridge Road, No. 350, Sugar Land, Texas 77478.
Copyright 2021