June 11, 2021

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Milbank, the first law firm to raise associate pay in 2018, makes a new move; will others match? • Milbank Announces Associate Salary Increases! • Biglaw Firms Better Match The New Salary Scale ASAP If They Want To Retain Their Talent • We Have Our First Match Of The New Biglaw Compensation Scale • Another $200K Biglaw Compensation Match • Milbank, Cadwalader Raise Starting Associate Pay to $200,000 • Another Unexpected Biglaw Salary Match
(DBN)

Associate Compensation Has Done Alright Over The Last 20 Years
(DBN)

Flat Fee Billing Is Firms’ Top AFA Model, Survey Says
(DBN)

Weil awards Covid thank you bonuses 'up to £50,000'
(DBN)

Why lawyers in practice have to be mindful of time—especially their billing time
(DBN)

Dentons and former partner trade forgery and self-dealing allegations in litigation over firing • Former Dentons partner claims he was fired for exposing plot to divert millions from client
(DBN)

White & Case Continues to Expand its Restructuring Practice in the US
(DBN)

Paul Hastings gives its lawyers big hint not to work from home
(DBN)

Bankruptcy judge keeps Kossoff trustee's subpoena power intact, larger fight looms • Kossoff Loses Bid To Tailor Discovery Order
(DBN)

MyPillow Guy Blames 'Bots And Trolls' After Biglaw Partner Was Fired For Signing On To His RICO Suit
(DBN)

COVID May Be Coming To A Close, But Problems For Working Lawyer Moms Are Not
(DBN)

T14 Law Professor Awarded Honorary Knighthood By Queen Elizabeth
(DBN)

Should Lawyers And Judges Have Emotional Intelligence Coaches?
(DBN)

Guy Trying To Blow Up Flint Water Settlement Fee App Treated To Brutal Response Brief Roasting
(DBN)

Thomas Girardi Has ‘Major Neurocognitive Disorder,’ Court Finds
(DBN)

State bar admits 'mistakes' in handling years of complaints against Tom Girardi
(DBN)

Michael Avenatti Seeks Light Prison Sentence Because His 'Epic Fall and Public Shaming' Are Punishment Enough • Avenatti Wants Jail Term Limited to Six Months in Extortion Case
(DBN)

Judge Dismisses the Lawsuit Lin Wood Filed Against the State Bar of Georgia for Investigating His Mental Health
(DBN)

Lawyer’s Lies Merit $206,000 Punitive Award, Federal Judge Rules
(DBN)

Suit claims law firm leader began firings after complaining about employees’ support for Trump • Minnesota law firm fired pro-Trump employees, lawsuit claims
(DBN)

Ex-Minnesota trooper admits to texting woman's nude photos to his own phone
(DBN)

Louisiana police unit probed over Black driver arrests
(DBN)

Chauvin’s lawyer asks to probe alleged jury bias
(DBN)

Scott: 'Lot of work left' in police reform talks
(DBN)

Mueller prosecutor says Manhattan DA may have 'insider' in Trump criminal case
(DBN)

Schiff Says Trump Justice Department Improperly Probed His Panel • Schiff, Swalwell confirm Trump DOJ secretly seized records in leak probe • Schiff calls for investigation after NYT report on seized data by Trump DOJ
(DBN)

McGahn: Trump Said to Lie About Mueller
(DBN)

'Traitors Need to Be Executed': Several Three Percenters Charged in U.S. Capitol Riot Indictment Filled with Weapons and 'Insurrection' Chatter • Three Percenters Charged With Conspiracy in Jan. 6 Attack • Trump State Department appointee negotiating plea deal in Capitol riot case • More Arrests Made in Jan. 6 Capitol Attack • GOP Rep. Gohmert Grills FBI Director For Not Calling Jan. 6 ‘Basically Peaceful’
(DBN)

Capitol Police hiring retired Secret Service agent to oversee event planning
(DBN)

Indiana Supreme Court Rules in Favor of Man Battling Asset Forfeiture of His Land Rover, Compares State's Pursuit of Vehicle to 'Captain Ahab's Chase of the White Whale'
(DBN)

Fentanyl seizures skyrocket along U.S.-Mexico border
(DBN)

U.S. apprehensions of migrants crossing border continue to soar • Border encounters rise slightly to hit new monthly high
(DBN)

Steven Donziger says Chevron lawyer working for NY Times is 'conflict of interest'
(DBN)

FBI director says cyber threat is increasing "almost exponentially"
(DBN)

Second UAW president sentenced to 28 months in prison in union corruption probe
(DBN)

Woman who led police on low-speed chase on her mobility scooter wins reversal of her conviction
(DBN)

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Judges:

Delaware Bankruptcy Bench is at Full Strength with the Addition of Judge Craig Goldblatt
(DBN)

Gorsuch, Thomas join liberal justices in siding with criminal defendant
(DBN)

'For God's Sake': Frustrated Judge Dresses Down Ex-'Kraken' Lawyer Suing MLB Over All-Star Game, as Case Swings and Misses in Court
(DBN)

The Senate Has Just Confirmed The First Muslim American Federal Judge In U.S. History
(DBN)

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Wall Street:

Stock futures rise slightly after the S&P 500 closes at new high
(DBN)

Goldman Sachs mandates US employees report their vaccination status
(DBN)

Bruised but unbowed, meme stock investors are back for more • Meme stocks hit a wall on Thursday with GameStop, AMC and Clover down big
(DBN)

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Layoffs:

Cerner fires hundreds of employees in surprise announcement
(DBN)

General Motors contractor Leadec to lay off 146 in Wentzville
(DBN)

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Cruise Lines:

Carnival cruises will still require passengers get vaccinated-with some exceptions
(DBN)

____________

Sports:

Baseball’s All-Star Game Won’t Go Back to Atlanta, Judge Says
(DBN)

EU health agency advises masks for Euro 2020 fans
(DBN)

Japan’s Faded Olympic Dream a Stark Contrast to Optimism of 1964
(DBN)

___________

Construction:

Who May Feel Financial Pain Inflicted By Katerra's Bankruptcy
(DBN)

____________

Education:

Spring College Enrollment Dropped By Nearly 730,000 Students. And It's Not Just About COVID
(DBN)

____________

History:

Why Conservatives Fear Honest US History
(DBN)

We've Been Telling the Alamo Story Wrong for Nearly 200 Years. Now It's Time to Correct the Record
(DBN)

Y’all Sure You Want to Talk About 1836 Texas?
(DBN)

____________

Healthcare:

Rural Hospitals May Get Federal Aid To Reshape as Standalone ERs
(DBN)

CDC estimates Alpha variant made up 66 percent of COVID-19 cases in April
(DBN)

Pharma Executives Seeking Higher Immunity Mix Own Covid Shots
(DBN)

What the World Wants China to Disclose in Wuhan Lab Leak Probe
(DBN)

2021 already has a higher global coronavirus death toll than 2020
(DBN)

June 10th COVID-19 New Cases, Vaccinations, Hospitalizations
(DBN)

Routine immunizations have still not rebounded to pre-pandemic levels
(DBN)

Wearing a mask may go from a symbol of responsibility to vulnerability as California reopens
(DBN)

Celebrations (and questions) greet US vaccine donation plan • Biden lays out US vax donations, urges world leaders to join
(DBN)

Poll: Millions in US struggle through life with few to trust
(DBN)

Cap for on-site federal workers lifts without requirement for COVID vaccines
(DBN)

Specter of  Deadly Pandemics Spurs Global Push for Vaccines in 100 Days
(DBN)

U.K. to Donate 100 Million Covid Vaccines to Poorer Nations
(DBN)

____________

Economy:

Treasury: Tax Gap to Balloon to $7 Trillion
(DBN)

U.S. budget deficit for fiscal 2021 so far tops $2 trillion
(DBN)

US unemployment claims fall to 376,000, sixth straight drop • Weekly Initial Unemployment Claims decrease to 376,000
(DBN)

Facing shortage of high-skilled workers, employers seeking more immigrant talent
(DBN)

Fed surprise: Top 1 percent gained less during the pandemic than lower-income Americans
(DBN)

Household Net Worth Increased $5.0 Trillion in Q1 • Household net worth climbs to $136.9 trillion, thanks to stock market gains
(DBN)

Prices jumped 5 percent in May, continuing inflationary climb. Policymakers say it’s temporary •Another jump in prices tightens the squeeze on US consumers
(DBN)

The priciest economy in years
(DBN)

The Consumer Economy Is About to Come Down from Its Sugar High
(DBN)

Many Americans Moved to Less Pricey Markets
(DBN)

Why Uber Prices are So High in LA
(DBN)

Cleveland Fed: Key Measures Show Inflation Increased in May
(DBN)

By the numbers: The price of gas, beer, booze and makeup
(DBN)

BLS: CPI increased 0.6% in May, Core CPI increased 0.7%
(DBN)

Deutsche Bank issues dire economic warning for America
(DBN)

G-20’s Economy Returns to Pre-Pandemic Level, But Gaps Linger
(DBN)

Chicago Downtown Recovery Plan Seeks Return of Workers, Visitors
(DBN)

NYC’s Big Fourth of July Fireworks Return With City Reopening
(DBN)

Elon Musk Explains Why He Pays So Little Income Tax on His $152 Billion Fortune • Mark Cuban: ProPublica 'not being honest' about taxes on wealthy
(DBN)

Covid outbreak among staff at St Ives hotel ahead of G7 summit at Carbis Bay • Merkel’s G-7 Excursion Unsettled by Covid Outbreak at Hotel
(DBN)

Mount Rushmore-style trash sculpture of G-7 leaders erected ahead of summit
(DBN)

Bipartisan senators say they have infrastructure deal • McConnell: 'Good chance' for infrastructure deal after talks unravel • For infrastructure deal, Biden eyes ‘multiple paths forward’ • Bipartisan Group Agrees on $1.2 Trillion Infrastructure Plan • The best infrastructure deal Biden's gonna get
(DBN)

GOP, Democrats Trade Places on Drivers Paying for Infrastructure
(DBN)

41% of financial Executives Believe the Digital Shift Caused by Covid is Permanent
(DBN)

China Port Congestion Snarls Global Supply Chains
(DBN)

Steel’s Massive Rally Is Hitting All Parts of the Global Economy
(DBN)

France Says Minimum Tax Must Capture as Many Sectors as Possible
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

Homeowners got $2 trillion richer during the first three months of the year
(DBN)

Sizzling Housing Market Shows Signs of Cooling
(DBN)

Mortgage rates slip back down to 2.96%
(DBN)

CoreLogic: 1.4 Million Homes with Negative Equity in Q1 2021
(DBN)

U.S. Mortgage Rates Slip Slightly With 30-Year Loan at 2.96%
(DBN)

Camber Property buys bankrupt Hell’s Kitchen building for $40M
(DBN)

A Senator Presses A Company Over Reports That It Evicts Black Renters At Higher Rates
(DBN)

____________

Oil/Gas:

Oil thirst projected to surpass pre-COVID mark by the end of 2022
(DBN)

Electric Vehicle Orders Zooming at Ford
(DBN)

____________

Utilities:

Abbott Foists Electric Grid Mess onto Ratepayers
(DBN)

Hundreds of thousands without power in Puerto Rico after fire at power facility • A Fire And Cyberattack Cause Major Blackouts Across Puerto Rico • New company, same woes: Puerto Rico suffers power outages • Explosion Causes Major Power Outage in Puerto Rico
(DBN)

____________

Retailing:

Chewy CEO Sees Rising Demand, Along With Labor and Supply Woes
(DBN)

____________

Nuclear:

3rd Guilty Plea in South Carolina Nuclear Project Failure
(DBN)

____________

Hotels:

Hotels: Occupancy Rate Down 14% Compared to Same Week in 2019
(DBN)

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Fraud:

Americans lost $227M in fake sweepstakes, lottery scams: BBB
(DBN)

_____________

Trucking:

Yellow Corp. Defends Covid-Aid Loan in Response to House Inquiry
(DBN)

____________

Jewelry:

Alex and Ani Announces Restructuring Support Agreement with Its Secured Lenders and Equity Sponsors • It's painful to see Alex and Ani, Rhode Island's success story, file for bankruptcy
(DBN)

____________

Weddings:

Wedding boom is on in the US as vendors scramble to keep up
(DBN)

____________

Climate:

Hoover Dam reservoir hits record low, in sign of extreme western U.S. drought • Hoover Dam Reservoir at Lowest Since 1937 as Drought Worsens
(DBN)

Congress poised to overturn Trump methane rollback after House committee vote
(DBN)

____________

Crypto:

Central banks are headed toward digital currencies
(DBN)

Miami Bitcoin Gathering Was a Covid Hot Spot, Attendees Say
(DBN)

____________

Food/Beverage:

12-year-old bankruptcy ends for Affiliated Foods Southwest
(DBN)

Study: Take-out food, drink litter make up vast majority of plastics in oceans
(DBN)

____________

Politics:

Polls: US image abroad has rebounded since Biden took office
(DBN)

Swing voters fear inflation
(DBN)

Moderate Democrats Flex Their Power In The Senate, Making Progressives Impatient
(DBN)

GOP Sens. Graham, Sasse applaud Biden's vaccine diplomacy
(DBN)

Donald Trump WILL be ‘reinstated’ as president by the end of this year, a third of Republicans believe • Schumer bemoans number of Republicans who believe Trump will be reinstated: 'A glaring warning'
(DBN)

Florida city bans gambling amid prospects of Trump-owned casino
(DBN)

Gaetz, under investigative cloud, questions FBI director
(DBN)

Oregon Expels Legislator Over Capitol Breach
(DBN)

A Growing Number Of Critics Raise Alarms About The Electoral College
(DBN)

____________

New Bankruptcy Opinions
(6 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (4 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 Reform:

Podcast: Potential Changes to the Bankruptcy Code
(DBN)

____________

Indenture Trustees:

Southern District of Texas Bankruptcy Court Rules That Indenture Trustees Must Provide a Substantial Contribution in Exchange for Payment of Fees by Estate
(DBN)

____________

Trustees:

Obt: Longtime Chapter 13 Trustee For Chattanooga And Winchester Divisions Of U.S. Bankruptcy Courts
(DBN)

____________

Miscellaneous:

UPDATED Global Insolvency Report: Impact of Covid-19 on Insolvency Laws
(DBN)

Updated: Guide To Financial Support Measures Across Europe And The Middle East
(DBN)

____________

Arbitration:

Maryland Bankruptcy Court Opinion Shows Difficulty of Applying Arbitration in Bankruptcy Setting
(DBN)

____________

Subchapter V:

Lack of Experience — And Filing A Subchapter V Case
(DBN)

____________

Bankruptcy Rules:

Which Procedural Rules Apply to Non-Core, “Related-To” Matters in Federal District Court? Another Circuit Court Addresses the Issue
(DBN)

____________

Aviation:

Apollo-Rescued Aeromexico Seeks an Alternate Lender
(DBN)

Airlines Plan to Plow Billions Into Flying Taxis
(DBN)

Electric Flying Taxi Backed by United Airlines Unveiled in L.A.
(DBN)

Gordhan expected to unveil strategic equity partner for SAA on Friday
(DBN)

Consortium to take 51% stake in South African Airways -minister • South Africa Sells Majority of State Airline to Private Entities
(DBN)

These Are the Most Punctual Airlines and Airports in the World
(DBN)

____________

Religion:

Rochester Diocese seeks approval of settlement with insurers
(DBN)

Pope rejects German cardinal’s resignation, urges reform
(DBN)

In Pushback Against AG Inquiry, Wisconsin Catholics Cite Decades of Church Vigilance Against Abuse
(DBN)

Secret Recordings Show Southern Baptist Dispute on Sex Abuse
(DBN)

What I Learned in Canada’s Brutal Residential Schools
(DBN)

____________

Autos:

Hertz Could Have Doubled Equity Win With Share Sale, Lawyer Says
(DBN)

Hertz's Plan Of Reorganization Confirmed By Bankruptcy Court
(DBN)

Hertz on track to exit bankruptcy protection this month
(DBN)

Rental Cars Break Summer-Travel Budgets From Sicily to Sardinia
(DBN)

____________

Student Debt:

Here’s who would be helped the most from student loan forgiveness
(DBN)

____________

Sovereigns:

G-7 Mulls Support for Redirecting $100 Billion in IMF Reserves
(DBN)

U.S. Treasury's Yellen says Congress needs to fund debt relief programs
(DBN)

Zim undertakes to ‘pay something’ by Q4
(DBN)

____________

UK:

Pursuing An Insolvency Claim May Be Much More Expensive Following this Recent Decision
(DBN)

Prime Minister Boris Johnson: An agenda for a global recovery
(DBN)

Ireland’s Donohoe Says Deal Can be Made on Brexit Protocol
(DBN)

Macron Repeats That EU Will Not Renegotiate Northern Ireland Protocol
(DBN)

U.K. Economic Growth Accelerated in April as Lockdown Loosened
(DBN)

A U.K. Economic Rebound With London Lagging Is No Rebound at All
(DBN)

____________

EU:

Harmonisation of Substantive Insolvency Law in the EU
(DBN)

WHO official: Delta variant 'poised to take hold' in Europe
(DBN)

Europe tells tourists: Welcome back! Now work out the rules
(DBN)

____________

India:

Call for Contributions: Contemporary Issues on the Laws of Insolvency and Bankruptcy
(DBN)

Insolvency Set Offs in India: A Comparative Perspective
(DBN)

Medical debts bankrupt Indians already ravaged by coronavirus
(DBN)

____________

Israel:

Israel’s Netanyahu lashes out as end of his era draws near
(DBN)

Palestinians find new unity in struggle against Israel
(DBN)

Ilhan Omar Again Sets Off a Fight Among Democrats • Omar feuds with Jewish Democrats • Omar: I wasn't equating terrorist organizations with democratic countries • Ocasio-Cortez rips Democratic critics of Omar
(DBN)

Biden embraces a Trump policy in backing Arab-Israeli deals
(DBN)

____________

Brazil:

Brazil miner Samarco offers creditors shares or 85% haircut - sources
(DBN)

Bolsonaro Considers Letting Vaccinated Brazilians Go Maskless
(DBN)

____________

Hong Kong:

One Step Further: Mutual Recognition of and Assistance to Insolvency Proceedings between Hong Kong and Mainland China
(DBN)

Hong Kong to Start Censoring Films on National Security Grounds
(DBN)

____________

Russia:

Russia Hikes Rates 50 Basis Points After Surprise Inflation Jump
(DBN)

____________

China:

China to Test Income Redistribution Reforms
(DBN)

China Can’t Reverse Declining Birthrate, Top Economist Says
(DBN)

____________

Singapore:

Impact of insolvency and liquidation on claims involving commercial fraud
(DBN)

___________


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