June 17, 2021

The Daily Bankruptcy News

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Law:

Skadden Announces New Salary Scale, Accelerated Promotion Schedule
(DBN)

For The Second Time In A Week, Biglaw Firm Raises Associate Salaries
(DBN)

Firm Used To Being On The Top Of The Salary Pile Makes Its Move
(DBN)

Tying On Another Biglaw Salary Raise
(DBN)

Cravath Breaks Silence On Associate Raises
(DBN)

New Set of Law Firms Match Davis Polk Associate Salaries
(DBN)

Firm Hands Out Raises And Promises Above-Market Year-End Bonuses
(DBN)

Elite Biglaw Firm Raises Salaries For All Associates
(DBN)

Some Biglaw Staff Seem Pretty Pissed About The New Associate Salary Scale
(DBN)

Biglaw Firm Moves Into 2018 With $190K Scale Announcement
(DBN)

Top-Ranked Biglaw Firm Announces Market Raises, But Only For Associates In Some Offices
(DBN)

Associate Raises Sealed With A Kiss!
(DBN)

These Senior Attorneys Are Zabel To Earn $375K
(DBN)

Associates 'Akin' For A Raise No More, As Salary Increases Come To London
(DBN)

Yet Another Top Biglaw Firm Will Be Offering Even More Money To Associates
(DBN)

Pro se defendant’s grandiose remarks not disqualifying, 4th Circuit says; some trial lawyers are ‘outright narcissists’
(DBN)

What do law students think of remote learning during the pandemic? A new survey sheds lights
(DBN)

Law Schools Scramble for Deferrals
(DBN)

Big Law’s Innovation Title Is Easy to Win and Easier to Lose
(DBN)

Revlon Restocks In-House Legal Group After Avoiding Bankruptcy
(DBN)

The Man Who Beat Shell: How an Unknown Lawyer Won Historic Suit
(DBN)

Leading Manhattan DA Candidate Has Repeatedly Paid Virtually No Federal Income Taxes
(DBN)

Erika Jayne is dropped by her attorneys the day after a documentary about her and Tom Girardi's legal drama is released
(DBN)

DOJ seeks reinstatement of death penalty for Boston Marathon bomber
(DBN)

Trump Organization CFO Allen Weisselberg could be charged as soon as this summer, report says • The Manhattan DA reportedly hasn't flipped the would-be star witness in its Trump investigation. Allen Weisselberg may be holding out for the best deal possible.
(DBN)

Michael Cohen recalls the time Trump offered up Don Jr. for prison before Ivanka
(DBN)

Sidney Powell reveals she has been 'deplatformed' by her email service
(DBN)

Trump supporter who led 'armed fighters' into the Capitol was just angry about having to wear a mask: lawyers • Slain officer's partner angry that Capitol rioters are blaming Trump: 'Adults are responsible for the choices we make' • Self-Declared 'F***ing Stormtroopers' from Georgia Who Said They 'Did the Right Thing' on Jan. 6 Now Face Federal Charges: DOJ • Lost Job, Wants More Freedom of Movement
(DBN)

GOP lawmaker refuses to shake hand of officer who protected Capitol on Jan. 6
(DBN)

Carlson Blames FBI for Jan. 6 Capitol Riot
(DBN)

DOJ drops criminal probe, civil lawsuit against John Bolton over Trump book
(DBN)

'Die and go to hell': Assistant Utah AG sends fiery email after candidate disturbs his nap
(DBN)

Portland police officer indicted on assault charge over alleged use of force at George Floyd protest
(DBN)

3 Hawaii police officers charged in killing of 16-year-old
(DBN)

Black Newspaper Carrier Falsely Accused of Making Death Threat by White Sheriff Files $5M Legal Claim Against County
(DBN)

Thirty-seven U.S. police officers were murdered in the first five months of 2021
(DBN)

Senate on collision course over Trump DOJ subpoenas
(DBN)

Rep. Jim Jordan Outraged About DOJ Refusal To Investigate Italian Space Laser Election Fraud
(DBN)

DOJ vacates extreme limits on asylum for domestic violence survivors • DOJ Withdraws Two Key Trump-Era Policies that Gutted the Asylum Process for Victims of Domestic and Gang Violence
(DBN)

Man Shot and Killed Cashier Who Asked Him to Adjust His Face Mask, Then Got into a Shootout with a Sheriff's Deputy: Police
(DBN)

Man jailed for killing and eating his mother
(DBN)

Ghislaine Maxwell objects to raw sewage, nosy guards in NY jail • Ghislaine Maxwell won a legal payment of $13.70 from one of her accusers
(DBN)

Education Department says anti-trans discrimination prohibited by Title IX
(DBN)

Masterpiece Cakeshop Promises to Appeal Judge's Ruling in Favor of Transgender Woman Who Wanted a Birthday Cake
(DBN)

TX: Now Legal to Carry a Gun without a Permit
(DBN)

Luxury cars and $100 bills: Police bust ransomware gang in Ukraine
(DBN)

Appeals court refuses to reinstate N Carolina abortion ban • Court affirms North Carolina's 20-week abortion ban is unconstitutional
(DBN)

South Carolina executions blocked until firing squad formed
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Judges:

BK MD PA: Career Law Clerk Vacancy - Harrisburg
(DBN)

Justice Department watchdog: Marshals Service has 'inadequate' resources to protect judges • U.S. Marshals Service lacks resources to protect judges even as threats rise 81%: Report
(DBN)

‘Outrageous’: Judge accuses US marshals of ‘kidnapping’ defendants after coronavirus vaccine standoff
(DBN)

Biden’s latest judicial picks include a voting rights lawyer nominated to the 2nd Circuit
(DBN)

Nothing Justice Stephen Breyer has said publicly suggests he's ready to quit • 'Breyer, retire!'
(DBN)

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Wall Street:

Stocks are set to continue post-Fed decision losses with Dow futures down 50 points
(DBN)

Wall Street drops as Fed brings forward rate-rise forecast • Dow falls 260 points after Fed signals 2 rate hikes in 2023
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Layoffs:

How automation led to stagnant wages and inequality
(DBN)

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Utilities:

Will Early Heat Wave Take Down California’s Energy Grid and Gavin Newsom?
(DBN)

As temperatures soar, California and Texas urge power conservation
(DBN)

TX: Abbott Praises Grid as It Again Falters
(DBN)

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Politics:

Schumer announces support for repealing 2002 U.S. war authorization in Iraq
(DBN)

Poll: Biden Spending Plans Remain Popular - But presidential job rating takes a dip
(DBN)

Leaked Audio of Sen. Joe Manchin Call with Billionaire Donors Provides Rare Glimpse of Dealmaking on Filibuster and January 6 Commission
(DBN)

House passes bill to make Juneteenth a national holiday and sends it to Biden's desk to be signed into law • How an annual pageant became a beloved Juneteenth celebration in Texas and beyond
(DBN)

Gov. Abbott says Texas will spend $250 million to build its own border wall where the Trump administration was trying to build one • Abbott's Border Wall Plan
(DBN)

Democrats no longer pursuing records of Trump's private meeting with Putin
(DBN)

One in three U.S. election officials feels unsafe – survey • ‘Potential crisis for democracy’: Threats to election workers could spur mass retirements • Election workers protected US democracy. Now, we must protect them
(DBN)

Texas governor signs ban on outside help for election administrators
(DBN)

Putin: Biden summit was ‘very constructive’ • Biden, Putin say progress made in Geneva but wide gulfs on issues remain • Putin compares BLM to opposition groups, foreign entities in Russia • ‘Pure business’ at Biden-Putin summit: No hugs, no brickbats • The most memorable and bizarre lines from Putin's whirlwind press conference after meeting with Biden • Biden apologized for losing his temper when a CNN reporter pressed him on Putin, saying he 'shouldn't have been such a wise guy' • Biden drew the line on Putin. Now it's the Russian's move • Three Takeaways from Biden-Putin Summit
(DBN)

Manchin outlines policy demands on election legislation
(DBN)

Tucker Carlson Ignored Laws and Common Practices While Suggesting Undercover FBI Agents, Not Pro-Trump Criminals, Are to Blame for Jan. 6
(DBN)

Why People Fall for Conspiracy Theories
(DBN)

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Economy:

Federal Reserve holds interest rate steady, raises expectations for rising inflation • FOMC Statement: No Policy Change • FOMC Projections and Press Conference • Here’s what changed in the new Fed statement • Fed may raise rates sooner, as inflation is higher than expected • The Fed moves up its timeline for rate hikes as inflation rises
(DBN)

Yellen confident rising inflation won't be 'permanent'
(DBN)

States to end unemployment benefits for more than 400,000 people this weekend
(DBN)

The pandemic hit women’s retirement savings far more than men’s—here’s why
(DBN)

Poll: 70 percent concerned spending in Biden plans could lead to inflation
(DBN)

Vaccines will be the ‘most important’ economic policy this year, IMF chief says
(DBN)

In photos: Life slowly returning to normal as restrictions lift across U.S.
(DBN)

Rumors of pandemic mass migration are probably overhyped
(DBN)

Manchin rebuffs progressive push for infrastructure guarantee • Democratic patience runs out on bipartisan talks • Democrats are weighing moving immigration reform to help finance Biden's infrastructure plans without GOP support • 11 GOP senators back bipartisan infrastructure plan, boosting its chances of moving forward • 10 Democrats and 11 Republicans sign onto bipartisan infrastructure deal, but nobody knows what's in it
(DBN)

Schumer to trigger reconciliation process on Wednesday
(DBN)

Poll: 51 percent support making child tax credit fully refundable
(DBN)

Yellen: Disclosure of tax data to ProPublica a 'very serious situation'
(DBN)

LA Area Port Traffic: Record Imports in May
(DBN)

Why America Doesn’t Really Make Solar Panels Anymore
(DBN)

US Debt Clock
(DBN)

World Debt Clock
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How People Really Live
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Real Estate:

With moratorium ending, more than 8 million households face foreclosure or eviction
(DBN)

Key homebuilder sentiment index hits 10-month low
(DBN)

Housing Starts increased to 1.572 Million Annual Rate in May • U.S. housing starts miss expectations amid higher lumber prices • Comments on May Housing Starts
(DBN)

The typical home price is up a record 13.2% compared to last year
(DBN)

California May Housing: Sales up 87% YoY, "Signs of cooling"
(DBN)

MBA: Mortgage Applications Increase in Latest Weekly Survey
(DBN)

The US is short 6.8 million homes, National Association of Realtors says
(DBN)

Lumber and copper prices have further to slide as speculation dies down and supply catches up, a top commodity strategist says
(DBN)

Some buyers are paying $1 million over asking price
(DBN)

NY Retirement Community Seeks $199M Ch. 11 Refinance • Long Island CCRC Files for Bankruptcy, Seeks to Restructure $199M In Bond Debt
(DBN)

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Municipalities:

Bankruptcy judge gets involved in Flint water record dispute • Judge considers next step, stops ‘bleeding’ of Detroit bankruptcy mediation documents by Flint water prosecutors
(DBN)

Critic says Detroit charter revisions up for vote could be blueprint back to bankruptcy
(DBN)

Waking from Bankruptcy Shock, Stockton Comes Back to Life
(DBN)

New York grapples with growing presence of homeless in midtown Manhattan
(DBN)

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Oil/Gas:

Bankruptcy: A Cheap Way Out Of Trouble For Oil Companies
(DBN)

U.S. crude stockpiles slump, refining hits 18-mth high -EIA
(DBN)

$100 Oil Predictions Soar As Analysts Warn Of Supply Crisis
(DBN)

GM escalates the electric vehicle arms race • GM ups spending on EVs and autonomous vehicles by 30% to $35 billion by 2025 • GM accelerates electric vehicle plans with billions more in investment • General Motors Will Open 2 U.S. Battery Plants to Support Increasing Electric and Autonomous Vehicle Production
(DBN)

U.S. solar capacity passes 100 gigawatts, but Covid challenges persist
(DBN)

Energy Transition Fad Will Send Oil Sky High
(DBN)

Electric vehicles cost more to buy, but less to own
(DBN)

Federal Court in Louisiana Blocks Part of Biden Climate Agenda, Allowing New Oil and Gas Leases to Resume Nationwide • Biden administration reviewing judge's order to resume drilling auctions
(DBN)

Brace for huge oil volatility, U.S. trading group says
(DBN)

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Food/Beverage:

Restaurants come back from brink as Americans spend more than ever eating out
(DBN)

US restaurants struggle with surge of diners: survey
(DBN)

The ravenous economy around delivering your dinner
(DBN)

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Fraud:

Reality TV Couple Scammed Black Communities Out of 'Tens of Millions' in Enormous Pyramid Scheme: Texas Attorney General
(DBN)

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Cruise Lines:

Royal Caribbean Postpones Sailings On ‘Odyssey Of The Seas’ After Crew Members Test Positive For COVID • Royal Caribbean postpones cruise after 8 crew members test positive for COVID-19
(DBN)

'We’ll never get back to normal': Cruise ship worker buries Ron DeSantis for barring them from requiring vaccines
(DBN)

Cruise Industry Still in Choppy Waters
(DBN)

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Equipment Rental:

U-Haul Co. of West Virginia Commences Financial Restructuring with Support of U-Haul International
(DBN)

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Personal Finance:

Here’s how to avoid sounding ‘fake and corny’ in your next job interview, says career expert
(DBN)

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Ride Hailing:

Lyft says wait times decrease as U.S. drivers mark gradual return
(DBN)

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Pharma:

Purdue Pharma bankruptcy judge OKs examiner but condemns Sackler-related attacks
(DBN)

Mallinckrodt bankruptcy judge approves kickoff of voting process
(DBN)

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Distressed Investing:

35 year-old Deutsche Bank trader’s massive bonus expectations
(DBN)

Oaktree’s Marks Sees Opportunities Abroad in ‘Downtrodden’ Debt
(DBN)

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Autos:

Lordstown Motors new management says it may seek money from General Motors • Unpacking the Lordstown Motors fiasco
(DBN)

GM expects inflation, semiconductor shortage to add $3 billion in extra costs
(DBN)

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Healthcare:

CA: As Contract Lapses, Local Anesthesia Group Declares Bankruptcy
(DBN)

U.S. buys 200 million additional doses of Moderna’s COVID vaccine
(DBN)

Cases of a dangerous Covid-19 variant are 'rapidly increasing' in US, expert says • The fast-spreading delta Covid variant could have different symptoms, experts say
(DBN)

WHO says delta Covid variant has now spread to 80 countries and it keeps mutating
(DBN)

There's still no evidence of a Chinese lab leak. But here’s what's changed, scientists say
(DBN)

Lifelong Exercise Adds Up to Big Health Care Savings
(DBN)

Africa sees 44% spike in new Covid infections, 20% increase in deaths
(DBN)

Inside Pfizer’s race to produce the world’s biggest supply of covid vaccine
(DBN)

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New Bankruptcy Opinions
(7 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (16 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (2 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:

Bankruptcy Rates by State
(DBN)

BK NV: Updated Case Filing Statistics
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UST:

New Chapter 11 data enabled MORs which replace old MORs go effective June 21, 2021.
(DBN)

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Corporate Governance:

Recent Developments in Director and Officer Indemnification and Advancement Rights
(DBN)

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Committees:

On Creditors’ Committees: Don’t Forget to Change Your Hat when Sitting as a Committee Member
(DBN)

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Executory Contracts:

Third Circuit Rules in Weinstein Bankruptcy That Work-Made-for-Hire Contract Was Non-Executory
(DBN)

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Structured Dismissal:

Bankruptcy Court Approves Structured Dismissal as Permitted by the US Supreme Court in Jevic
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Aviation:

Southwest Airlines cancels more flights as it recovers from second technical issue this week • Southwest Airlines Delays and Cancels Hundreds of Flights a Third Day
(DBN)

Websites of major U.S. airlines face outage - Downdetector
(DBN)

Passengers kicked off United Airlines flight after brawl over armrest
(DBN)

In Alaska, Commercial Aviation Is a Lifeline. The State Is Also Home to a Growing Share of the Country’s Deadly Crashes.
(DBN)

Bankrupt aircraft-modification company GDC Technics may be better off liquidating, creditors say
(DBN)

Vaccination is key to bringing tourism back from the brink, industry leaders say
(DBN)

PAL parent on 'final stages' of restructuring as loss mounts to P73 billion
(DBN)

Eastar Jet acquisition race hangs on SJ budget plan
(DBN)

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Student Debt:

Here's everything Biden has done so far to address the $1.7 trillion student debt crisis
(DBN)

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Religion:

Bishops to debate banning communion for president
(DBN)

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Education:

A possible cyberattack forced a Massachusetts college to shut down its campus and cancel classes
(DBN)

TX Gov. Abbott signs ‘anti-critical race theory’ bill into law over objections from educators and civic groups
(DBN)

Nebraska's GOP governor goes down in flames trying to explain critical race theory
(DBN)

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Climate:

Southwest heat wave intensifies, breaks records and worsens drought
(DBN)

Senate Democrats start playing their climate cards
(DBN)

U.S. likely claims hottest place on Earth as heat tightens grip on more than 100 million
(DBN)

Heat wave worsens across American West, raising fears of power outages, wildfires
(DBN)

Peatlands Worldwide are Drying Out
(DBN)

Worry About Earth's Energy Balance, Not CO2
(DBN)

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Coal:

Florida utility company implodes 495-foot coal stack
(DBN)

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Sovereigns:

State creditors say Chad should seek similar terms from private lenders
(DBN)

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UK:

'Totally hopeless': British PM lambasted his health minister, ex-adviser says
(DBN)

How secure are secured liabilities?
(DBN)

Vaccine passports launch today in move to open up capacity crowds at Wimbledon & Euros – and eventually foreign holidays
(DBN)

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EU:

Europe to open travel to unvaccinated U.S. citizens
(DBN)

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Canada:

DavidsTea takes step toward exiting insolvency after Quebec Superior Court approves plan
(DBN)

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Italy:

State of the art of the Italian liquidity measures - Keeping Italian Companies Alive?
(DBN)

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Brazil:

Brazil's Bolsonaro says aid for poor to rise nearly 60% due to food costs
(DBN)

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France:

France on Verge of a Nervous Breakdown
(DBN)

French central bank rebuffs 'helicopter money' suggestion
(DBN)

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Taiwan:

Taiwan remains fifth on list of world’s net creditors
(DBN)

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India:

200 insolvency applications filed since suspension of fresh proceedings ended in March
(DBN)

We didn't expect flood of insolvency cases, says IBBI chairman M S Sahoo
(DBN)

Crown debts which are not part of Resolution Plan under IBC cannot be enforced: Karnataka High Court
(DBN)

Terminating Contracts with the Corporate Debtor during CIRP: Revisiting the Position
(DBN)

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China:

Shares in China’s Suning frozen as fears grow about debt pile
(DBN)

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South Korea:

Korea's No. 3 bookstore chain goes bankrupt
(DBN)

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Russia:

Russian Constitutional Court allows enforcement of debt judgments on bankrupt’s sole home
(DBN)

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Hong Kong:

China sent 500 police officers to the offices of a pro-democracy Hong Kong newspaper to arrest 5 execs in a massive show of force
(DBN)

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