June 14, 2021

The Daily Bankruptcy News

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Law:

Davis Polk Goes Over The Top On Salaries Davis Polk Boosts Big Law Associate Salary Scale to $365,000
(DBN)

The First Biglaw Firm To Make It Rain On Associates With A $205K Davis Polk Salary Match
(DBN)

An Unexpected Biglaw Salary Match
(DBN)

Cleary Gottlieb Makes Associate Compensation Move
(DBN)

Biglaw Firm Makes A Quick Move To The Height Of The Associate Compensation Market, As They're Wont To Do
(DBN)

Biglaw Firm Proves They're Serious About The Lateral Market With $205K In Associate Compensation
(DBN)

The New Normal Sinking In As More Firms Join Davis Polk With $205K Scale
(DBN)

Salary Wars Scorecard: Which Firms Have Announced Raises? (2021)
(DBN)

Salary Boost for Big Law’s Overwork Heralds More Change to Come
(DBN)

The In-House Market Is VERY Different Than The Busy Biglaw Lateral Market
(DBN)

'Tone-Deaf And Unseemly': In-House Counsel A Bit Put Off By Biglaw Salary Hikes
(DBN)

Stat Of The Week: Remote Work Or More Money?
(DBN)

Ninth Circuit Rejects Lenore Albert’s Plea to Retain Assets Despite Chapter 7 Bankruptcy
(DBN)

Longtime lawyer is investigated in shooting outside his law office; ‘a number of attorneys’ carry guns
(DBN)

Judge Spanks Lawyer on MLB Lawsuit
(DBN)

Jeffrey Toobin is back at CNN eight months after exposing himself on Zoom Jeffrey Toobin's CNN return after Zoom call was a class in performative accountability
(DBN)

In closing brief, disbarred environmental lawyer claims his prosecution is ‘run by an oil company’
(DBN)

Buchalter Grows After Ex-Client’s $200M Billing Fraud Suit Ends
(DBN)

Why Garland's DOJ is siding with the Trump administration in several cases Garland looks like he's protecting Trump. But Biden could benefit bigly.
(DBN)

DOJ leak probe sought Apple data on 73 phone numbers Trump-era Justice Department emerges as scandal of the summer Pelosi demands Barr and Sessions testify on data subpoenas Top Justice Department officials Sessions, Barr and Rosenstein all deny knowledge of secret subpoenas targeting Democratic lawmakers Justice Department probes Trump DOJ targeting of media and Congress Barr distances himself from Trump-era subpoenas of Democratic lawmakers Barr's Despicable Actions Now on Full Display The Trump administration forced Apple to turn over lawmakers’ data. Democrats are outraged. How Apple, Google, and Microsoft reacted to Trump-era DOJ subpoenas and requests for data on political rivals and journalists Apple says it didn't share pictures or emails from lawmakers' phones with Trump DOJ under subpoenas seeking to unmask leakers ‘Hard-nosed, buttoned-down guy’: Colleagues defend prosecutor who oversaw leak cases Schumer demands Barr and Sessions testify over DOJ’s targeting of House Democrats Seized House records show just how far Trump admin would go
(DBN)

Reports: Trump DOJ subpoenaed Apple for records of WH counsel Don McGahn Apple told former White House counsel Don McGahn that his and his wife's records were subpoenaed by Trump DOJ in 2018: NYT
(DBN)

‘We mean it’: FBI takes on sexual misconduct in its ranks
(DBN)

At least 13 injured in shooting in Austin's 6th Street entertainment district Video Shows 'Chaotic' Scene in Downtown Austin, Texas After 13 Were Reportedly Injured in Early Morning Mass Shooting Police seek 2 in Austin mass shooting that wounded 14 people
(DBN)

Rash of mass shootings stirs US fears heading into summer
(DBN)

Chaos in Manhattan: A violent mob runs riot again in Washington Square Park Violence and chaos continues to overrun Washington Square Park
(DBN)

After historically deadly 2020, Atlanta homicides are up nearly 60% in 2021
(DBN)

267 mass shootings recorded in U.S. so far this year
(DBN)

Man gets 10-year sentence for attacking and coughing on person who asked him to pull up mask
(DBN)

US closes Trump-era office for victims of immigrant crime
(DBN)

Biden Gives Military $2 Billion Trump Allotted for Border Wall Biden allocates additional $46 million to "unexpected urgent" migration needs
(DBN)

AG Garland to double enforcement staff to protect voting rights Garland declares voting rights expansion 'central' to democracy
(DBN)

Ex-Police Chief And 5 Others Charged In Capitol Riot Conspiracy  The Geophysicist Who Stormed the Capitol Chicago Cop Charged in Jan. 6 Siege Ignored Friend’s Warnings About Sidney Powell, Texted 'N**** Don’t Snitch' a Week Later: Feds 'This Is Our Capitol': Penn State Grad and Former Substitute Teacher Arrested for Allegedly Fighting with Numerous Cops, Stealing Property During Pro-Trump Riot Minnesota Man Charged in Jan. 6 Capitol Siege Was Prepared to Die and Leave Four Kids Behind: 'I Was at Peace with That Knowledge' Judge Allows Marine Veteran Charged in Oath Keepers Conspiracy Case to Stay Out of Jail Ahead of Trial FBI Says Father and Son Duo Busted for Storming the Capitol Blamed Destruction on Antifa, Were Fixated on Crowd Size Chicago Cop Donned Police Hoodie While Storming Capitol: FBI Half of Capitol Rioters Didn't Vote in Election
(DBN)

Florida Tourist Charged with Hate Crime, Told Asian Family to 'Go Back Where They Came from' After Kids Pet His Dogs: Sheriff
(DBN)

$350,000 settlement offered in police takedown of wrong man
(DBN)

50% of Indian Americans experienced discrimination in past year, study finds
(DBN)

2021 set to become deadliest year on record for trans Americans
(DBN)

Jury awards $15 million in landmark case over embryos, eggs destroyed in fertility clinic tank failure
(DBN)

Biden calls for gun reform 5 years after Pulse nightclub shooting
(DBN)

She bought 47 guns last month. Police are already finding them in shooting investigations
(DBN)

Florida supermarket shooter had recently declared bankruptcy Gunman in South Florida grocery store shooting ID'd
(DBN)


Major cyberattacks have rocked the US, and there are 'a lot of different ways that ransomware actors can disrupt everyone's lives,' experts say
(DBN)

Man Blew Up His Home with Fireworks and Died After Code Enforcement Confronted Him About Hoarding: Police
(DBN)

Man urinating in middle of street, shot and killed by confronting residents
(DBN)

Father Left 80,000 Pennies Worth of Child Support on Front Lawn. A Mom and Daughter Gave It to a Domestic Abuse Center.
(DBN)

Federal Prosecutor Touched Intern's Breast Without Her Consent and Sexually Harassed Other Federal Employees, Won't Be Prosecuted: OIG Report
(DBN)

Lawsuit: ICE detained US citizen for a week in Tacoma
(DBN)

Virginia Tech football player accused of killing Tinder match after discovering his date was a man
(DBN)

Wife Arrested After Allegedly Agreeing to Have Husband Killed on Installment Plan of $100 Per Week for 40 Weeks
(DBN)

62-year-old Missouri man who has spent 43 years in prison in still behind bars even though prosecutors say he was wrongly convicted for 3 murders
(DBN)

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Judges:

The Fourth Circuit Court of Appeals has announced that Pam McAfee, an attorney of counsel at Ellis & Winters, LLP, will be the next bankruptcy judge for the Eastern District of North Carolina
(DBN)

BK WD NC: Updated COVID Operating Order
(DBN)

BK MD PA: Court Operations Under COVID-19
(DBN)

BK MD PA: Law Clerk Vacancy Announcement
(DBN)

Less travel, plenty of royalties for justices in 2020
(DBN)

Judge Judy Keeps Losing Her Lawsuits
(DBN)

With a backlog of over 1.3 million cases, the 500 immigration judges in the US feel overburdened and pressured to deport
(DBN)

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Wall Street:

S&P 500 futures are little changed with benchmark at a record, Nasdaq futures gain
(DBN)

JPMorgan staff irked over order to save texts on personal phones
(DBN)

A hedge fund lost 10% in just a few days after a sudden spike in AMC stock derailed an options trade, new report says
(DBN)

Mudrick’s AMC bet backfires after meme frenzy wrecks hedges
(DBN)

Zombie Stocks Defy Bankruptcy Logic as Meme Traders Bid Them Up
(DBN)

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Layoffs:

Katerra employees fire back with lawsuit over abrupt closure
(DBN)

Cerner confirms 500 layoffs in Kansas City as part of 'company transformation'
(DBN)

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Politics:

Did Biden give Boris Johnson a $6,000 bike and get a Wikipedia printout in return? Not exactly.
(DBN)

Dem leaders look to deescalate Omar drama
(DBN)

White boys who grew up with Black neighbors are more likely to become Democrats, study finds
(DBN)

The bogus claim that Democrats voted against funding for Israel
(DBN)

Ocasio-Cortez: Senate Democrats 'blocking crucial items in a Democratic agenda' Pelosi: 'I don't give up on Joe Manchin'
(DBN)

Democrats seek to undo institutional racism embedded in pivotal New Deal law
(DBN)

Biden "definitely" brings U.S. back into "club," Macron says at G7 summit
(DBN)

G7 source praises Biden after 'complete chaos' of Trump
(DBN)

Putin says Trump is an 'extraordinary' and 'talented individual' who is an outsider to the US political establishment, unlike 'career man' Biden
(DBN)

Community reacts to Latta plantation Juneteenth event focused on "white refugees" from emancipation NC plantation: No apology, slams mayor and other critics of Juneteenth event promo
(DBN)

Texas will build a wall along its border with Mexico, governor says
(DBN)

Brad Raffensperger Speaks Out on Disturbing Death Threats His Wife Received, Efforts They Took to Protect Their Family
(DBN)

It's Hard to Gauge Support for QAnon
(DBN)

Rep. Marjorie Taylor Greene says she doesn't "believe in evolution"
(DBN)

What the new IG report about the gassing of protesters around Lafayette Square actually says Trump's false Lafayette Square exoneration
(DBN)

Lara Trump calls on Americans at border to 'arm up and get guns and be ready'
(DBN)

An anti-abortion program will receive $100 million in the next Texas budget, but there’s little data on what’s being done with the money
(DBN)

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Economy:

Inflation is hotter than expected, but it looks temporary and likely won’t affect Fed policy yet
(DBN)

The Fed says inflation is transitory, but these 10 companies have already said they'll pass along rising costs to customers
(DBN)

Four states cut off federal unemployment benefits Saturday - and the White House is very unlikely to step in and prevent the loss of stimulus jobless aid States push back against federal unemployment policies delaying economic recovery
(DBN)

Push to end pandemic benefits may not be panacea for U.S. labor shortage
(DBN)

Expiring unemployment benefits will boost job growth by over 150,000 in July and over 400,000 in September, Goldman says
(DBN)

U.S. Chamber CEO Suzanne Clark calls worker shortage "tragic"
(DBN)

Chamber of Commerce CEO Suzanne Clark defends overture to Democrats
(DBN)

From $2,000 sign-on bonuses to free hotel rooms and even iPhones, companies like McDonald's, Amazon, and JBS are finding creative ways to lure in new hires amid the labor shortage
(DBN)

Workers are taking power back
(DBN)

Fed explores ‘once in a century’ bid to remake the U.S. dollar
(DBN)

GOP governors tie economy to relaxed approach to coronavirus
(DBN)

California Gov. Newsom signs order to end most of state's coronavirus restrictions, reopen Tuesday
(DBN)

As virus cases wane, governors weigh ending emergency orders
(DBN)

A new industrial revolution presses the reset button on work
(DBN)

What meat, clothing and five other everyday items tell us about inflation
(DBN)

Deal or no deal? Confusion rules Senate infrastructure talks Bidenworld on bipartisan infrastructure talks: Little harm in still trying Go green or go bipartisan? Biden’s big infrastructure choice Collins says infrastructure bill won't have gas tax increase or undo 2017 tax reform bill Biden’s Plan B could be a bust
(DBN)

How the pandemic is still ruining our plans
(DBN)

Why America's post-vaccine summer is off to a slow start
(DBN)

Teens juice the summer recovery
(DBN)

COVID-19 was meant to usher in a flexible work revolution. But for part-timers, it's making things worse.
(DBN)

Trump's shadow still looms over cloudy skies at G-7 summit
(DBN)

Biden and G-7 leaders will endorse global minimum corporate tax of at least 15% Low Taxes Brought Ireland Prosperity. a Global Tax Deal Now Threatens It
(DBN)

‘The selfie summit’: Why some economists and activists are disappointed with the G-7
(DBN)

Biden wants the G-7 to unite against China. Beijing’s trade wars are helping.
(DBN)

Biden’s plan to increase legal immigration could aid the pandemic economy recovery
(DBN)

G7 members will spend 'hundreds of billions' on infrastructure to rival China's Belt and Road initiative, according to a US official. China says G7 proposals are doomed to fail.
(DBN)

Why the world is in a shipping crisis
(DBN)

Executive pay soared during the pandemic, widening the gulf between CEOs and employees. These were the 5 execs who received the largest pay packages in 2020.
(DBN)

Elizabeth Warren rips into Jeff Bezos over his upcoming trip to space: 'He's laughing at every person in America who actually paid taxes' Fat Cats on a Hot Tin Roof CNBC’s Jim Cramer Calls For Billionaire Tax After ProPublica Report: ‘These Revelations Make Me Sick’ Billionaire Tax Leak Referred to FBI as Probe Grows, IRS Says
(DBN)

Billionaires pay no taxes while workers get no raises
(DBN)

Maersk CEO: Global businesses should be wary of politics
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Mall owner Washington Prime Group files for Chapter 11 bankruptcy protection, citing COVID-19 Mall Owner Washington Prime Files For Chapter 11 Bankruptcy Owner of 100 malls across US files for Chapter 11 bankruptcy Washington Prime Group Commences Voluntary Chapter 11 Financial Restructuring with RSA Supported by Over 70% of Holders of Secured and Unsecured Corporate Debt First Day Dec
(DBN)

A Retail Crusader’s Eclectic Portfolio Is Giving Malls New Hope
(DBN)

Wall Street isn’t to blame for the chaotic housing market
(DBN)

From Picasso’s estate to squatting in Soho: The 470 Broome Street affair
(DBN)

Judge upholds dismissal of case against resort developer
(DBN)

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Municipalities:

Puerto Rico enacts law to halt pension plan cuts
(DBN)

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Oil/Gas:

G7 leaders to announce plan to phase out gasoline cars
(DBN)

Shell considers selling assets in the largest US oil field, Reuters reports, highlighting pressure to focus on low-carbon investments
(DBN)

Exxon losing veteran oil traders recruited during past expansion
(DBN)

Three top executives exit Chesapeake Energy
(DBN)

Oil Markets Baffled As The IEA Calls For More Production
(DBN)

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Pharma:

Insys Seeks Ch. 11 Clawback Of $10M In Ex-CEO's Legal Fees
(DBN)

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Hotels:

Queen Mary: Urgent repair plan for deteriorating former ocean liner
(DBN)

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Transit:

Flatlined transit systems try new tricks
(DBN)

Biden restores $929 million in funding for the California high-speed rail project that was canceled by Trump
(DBN)

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Newspapers:

Why Has Local News Collapsed? Blame Readers.
(DBN)

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Awards:

Legal 500: Corporate Restructuring
(DBN)

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Corporate Governance:

Chancery Recognizes Reverse Veil-Piercing
(DBN)

When the well runs dry – A look at directors’ and officers’ duties and liabilities in COVID
(DBN)

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Autos:

Hertz’s Plan Of Reorganization Confirmed By Bankruptcy Court Now it’s Hertz’s turn to try harder as it prepares to exit bankruptcy
(DBN)

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Fraud:

Missouri accountant who used Ponzi scheme to fund lavish lifestyle is sentenced
(DBN)

A man stole $1 million from monks in Kentucky. Now he wants out of repayment.
(DBN)

Virginia woman got $499K in pandemic unemployment for friends and inmates, feds say
(DBN)

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Utilities:

Texas Ratepayers Are Being Saddled With Nearly $38 Billion In Excess Energy Costs From Winter Storm Uri
(DBN)

Griddy Argues It Was, in Fact, a Champion of Consumers
(DBN)

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Food/Beverage:

The Rise and Fall of Planet Hollywood
(DBN)

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Taxis:

New York's yellow cabs make a comeback amid Uber, Lyft driver shortages
(DBN)

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Healthcare:

America’s biggest hospitals vs. their patients Public spotlight on hospital lawsuits may slow them down Big New York hospitals dominate list of hospitals that sue a lot Some hospitals turn to liens instead of lawsuits
(DBN)

Most top hospitals charge a more than 5x markup
(DBN)

600,000 dead: With normal life in reach, covid's late-stage victims lament what could have been Can We Ever Know the Real Covid Death Toll?
(DBN)

FDA: 60 Million J&J Vaccines Can't be Used
(DBN)

More than half who said they would turn down Covid vaccine have now had one
(DBN)

A federal judge just ruled against over 100 Houston hospital workers who will be fired if they don't get the COVID-19 vaccine
(DBN)

Undervaccinated red states are nowhere near herd immunity as dangerous Delta variant spreads
(DBN)

G-7 leaders to pledge 1 billion doses of Covid vaccines to low-income nations
(DBN)

G7 leaders call for investigation into coronavirus origins Blinken calls on China to be transparent, share information for probe into COVID-19 origins State Dept. Fought Over Covid Lab Leak Theory
(DBN)

'Disgraceful' COVID-19 Ward Worker Used 83-Year-Old Woman’s Card to Buy Snacks Just 17 Minutes After Her Death: Police
(DBN)

In World’s Worst Vaccine Line, the Wait Lasts Hours and Gets You Nothing
(DBN)

HIV infections have dropped by 73% in the past 40 years
(DBN)

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New Bankruptcy Opinions
(5 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (101 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (14 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)

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Bankruptcy Statistics:

Hawaii bankruptcies maintain downward trend
(DBN)

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Avoidance Actions:

No Time Runs against the King (IRS): The Golden Creditor Rule and its Discontents
(DBN)

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Bankruptcy Research:

Chapter 11 under Duress
(DBN)

Personal Bankruptcy and the Accumulation of Shadow Debt
(DBN)

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Litigation:

Don't Plan The Work Too Much; Just Get To It
(DBN)

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Professional Fees:

Update on Business Bankruptcy Legal Fees and Professionalism
(DBN)

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Aviation:

TSA screens 2 million people for first time since coronavirus lockdowns began
(DBN)

American Airlines flight attendant reprimands passengers for ‘making flight living hell’
(DBN)

Video Shows Passengers and Crew Subduing Off-Duty Delta Employee Who Threatened to 'Take Down' the Aircraft
(DBN)

Eastar may pick preferred bidder next week: sources
(DBN)

S African government sells 51% stake in SAA to consortium
(DBN)

2021 Study on the Commercial Aircraft Industry - Full Recovery to Pre-COVID Levels only Likely by 2024
(DBN)

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Religion:

Advocates for sexual abuse survivors call on Diocese of Rochester to stop prolonging hearings
(DBN)

Rochester diocese seeks approval for $35M settlement with insurers for sex abuse victims
(DBN)

Secret recordings, leaked letters: Explosive secrets rocking the Southern Baptist Convention
(DBN)

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Education:

Teachers wary of new laws limiting instruction on race
(DBN)

Nevada group proposes forcing teachers to wear body cameras to ensure they don't teach critical race theory
(DBN)

Teachers across the U.S. protest laws restricting racism lessons
(DBN)

Is there an uncontroversial way to teach America’s racist history?
(DBN)

Florida Restricts How US History is Taught
(DBN)

Two Black Students Won School Honors. Then Came the Demands for a Recount.
(DBN)

Virtual School Opens a Divide That U.S. Parents Fill With Fury
(DBN)

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Golf:

Trump lost $40 million on his Scottish golf clubs by failing to implement a very basic financial practice, say experts
(DBN)

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Fishing:

Creditor plan to take over China Fishery’s Peru assets approved by bankruptcy judge
(DBN)

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Student Debt:

Biden tells Chuck Schumer to 'go ahead' with calls for $50,000 in student-debt cancellation
(DBN)

Millennials are about to get screwed yet again if Biden doesn't cancel student-loan debt
(DBN)

A federal college loan program can trap parents in debt
(DBN)

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Movies:

Weinstein Company Buyer Lantern Capital Facing December Trial In Battle With ‘Mob Wives’ EP Marvin Peart Over Assets’ Purchase
(DBN)

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Jewelry:

US Trustee Balks At Alex And Ani's Bid To Seal Ch. 11 Details
(DBN)

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Private Equity:

Private Inequity: How a Powerful Industry Conquered the Tax System
(DBN)

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Climate:

No severe tornadoes hit the U.S. this May for first time on record
(DBN)

Photos: California’s Growing Drought Disaster
(DBN)

Across US West, drought arriving dangerously early
(DBN)

The West is the driest it's been in 1,200 years — raising questions about a livable future
(DBN)

Drought in the Western US is Here to Stay
(DBN)

‘Dire situation’: Silicon Valley cracks down on water use as California drought worsens
(DBN)

Ice shelf protecting Antarctic glacier is breaking up faster
(DBN)

Alaska's Melting Permafrost
(DBN)

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Sports:

Violators of Summer Games virus rules to face fines
(DBN)

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UK:

Convergent Divergence: When bankruptcy and the family courts collide
(DBN)

Boris Johnson gets an EU earful on Northern Ireland Boris Johnson hints he may rip up EU rule book over trade with Northern Ireland Boris Johnson's warning to EU: 'I will not hesitate to take unilateral measures over Northern Ireland'
(DBN)

Johnson voices caution over next lockdown easing in England
(DBN)

U.K. Set to Beat Vaccine Target by a Month Even as Cases Surge
(DBN)

Scientists issue warning that UK could see 100,000 daily Covid cases by July
(DBN)

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EU:

Europe keeps aiding companies to avoid surge of covid-19 insolvencies
(DBN)

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Canada:

SCC disposes of recapitalization case in favor of oilfield services provider
(DBN)

DavidsTea creditors authorize plan to split $18M owed by insolvent beverage company
(DBN)

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Brazil:

Bolsonaro fined for not wearing a mask at rally in Sao Paulo
(DBN)

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MENA:

Saudi Arabia limits annual pilgrimage due to Covid
(DBN)

Netanyahu offered to resign, let Benny Gantz serve as PM EXPLAINER: What will change under Israel’s new government? The tech millionaire son of Berkeley 'left-wingers' who is poised to take over from Israel's Benjamin Netanyahu
(DBN)

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India:

Frequently asked questions on regulations on insolvency resolution process for corporate persons
(DBN)

Pandemic relapse spells trouble for India’s middle class
(DBN)

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China:

China reports 35 new coronavirus cases on June 11, Foshan airport cancels flights
(DBN)

G7 leaders agree to call out China's “nonmarket policies and human rights abuses"
(DBN)

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Russia:

Moscow residents told to stay off work to combat COVID-19 Moscow orders new restrictions as COVID-19 infections soar
(DBN)

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Chile:

Chile shuts capital Santiago once more as vaccines fail to quell rampant cases
(DBN)

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Malaysia:

Malaysian court rejects ex-PM Najib's bid to halt bankruptcy order
(DBN)

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South Korea:

Debt-laden SsangYong Motor's workers to take unpaid leave for two years
(DBN)

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