June 18, 2021

The Daily Bankruptcy News

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Law:

Big Law Embraces Juneteenth With Programs, Days Off for Workers
(DBN)

Willkie Adds Finance and Restructuring Partner Melainie Mansfield in Chicago
(DBN)

More than 270 associates have left New York’s 10 most profitable law firms this year; where did they go?
(DBN)

Biglaw Firm Raises Salaries Because They Know It's The Only Way To Keep Good Associates
(DBN)

Top Biglaw Firm Raises Associate Salaries Because Of Course They Do
(DBN)

Big Firm, Big Raises
(DBN)

Top 10 Firm Gets On Board With Associate Raises
(DBN)

Ashurst hikes NQ pay to £90,000, as Clifford Chance raises to £100k
(DBN)

Top-Ranked Firm That Started Spring Special Bonus Craze Raises Salaries
(DBN)

Elite West Coast Firm Matches $205K Market Salaries
(DBN)

Top Biglaw Firm Showers Associates With Cash
(DBN)

Associates Catch The Raise They’ve Been Looking For
(DBN)

Magic Circle Firm Wows Associates With Neat Salary Trick
(DBN)

Litigation Boutique Gets In On The Associate Raise Party
(DBN)

Frankly, We've Been Expecting This Firm's Salary Announcement
(DBN)

Top Biglaw Firm Makes Haste With Associate Raises
(DBN)

Biglaw Heavyweight Makes Its Mark On New Associate Compensation
(DBN)

Brand New Boutique Joins The Biglaw Salary Standard
(DBN)

With Cravath's Approval, Top Firm Shows Up To Announce Higher Pay Scale For Associates
(DBN)

Paul Weiss Raises Associate Salaries to Match Davis Polk Pay
(DBN)

Breaking Down The New $205K World
(DBN)

As More Law Firms Match Salary Scale, Signing Bonuses Become Key Differentiator
(DBN)

Compensation Is King for Millennial Attorneys, New Survey Says
(DBN)

'Associates Are Loving This.' How The Salary Race Is Shaking Up Big Law
(DBN)

Law Schools' Forced Shift Online Offers Insights for Future
(DBN)

Fox Rothschild Offers Separation Package to 300 Support Staff Amid Firmwide Realignment
(DBN)

Dentons and Reed Smith pull trigger on job cuts
(DBN)

Law Firms Can Save Tons Of Money By Continuing Virtual Work
(DBN)

Embattled real estate lawyer Kossoff battles trustee over records
(DBN)

Ex-Taylor Wessing partner gave fake billing figures to join Hill Dickinson and Dentons
(DBN)

Cooley offers London lawyers £45k for surrogacy, egg-freezing and IVF
(DBN)

St. Louis lawyer couple who pointed guns at protesters pleads guilty to misdemeanor St. Louis Couple who Pointed Guns at Protesters Agree to Give up Firearms as Part of Plea Mark and Patricia McCloskey Plead Guilty to Misdemeanors After Brandishing Guns Outside St. Louis Mansion
(DBN)

Where’s The Unicorn? 20-Plus Years Of Trial And Error In Retooling From Biglaw
(DBN)

5 To Thrive: In-House Email Hacks
(DBN)

'There Are Consequences for Your Body in This Career': How One Associate’s Experience Led Her to Leave
(DBN)

A Hiring War: Companies and Firms Duke it Out for Top Talent
(DBN)

Law Students Weighed in on Pandemic Learning, Offering a Road Map for Legal Education's Future
(DBN)

Kim Kardashian Has No Plans To Change The Way She Dresses If She Becomes A Lawyer -- And She Shouldn't Have To
(DBN)

Family Says Recently Murdered Scion of South Carolina Legal Dynasty Received Online Threats Over His Role in 2019 Death of College Girl
(DBN)

After Pleading Guilty, Lawyer Mark McCloskey Brags About Making 'Angry Mob' Fear 'Physical Harm,' Vows to 'Do the Same Thing Again'
(DBN)

Supreme Court Unanimously Rules That Philadelphia Can't Force Catholic Group to Certify Same-Sex Couples as Foster Parents Supreme Court rules for Catholic foster agency that refuses to place children with same-sex couples Supreme Court sides with Catholic adoption agency that refuses to work with LGBT couples
(DBN)

Nestle and Cargill win child slavery case at Supreme Court
(DBN)

MAGA-rioting granny now says she's 'horrified' by violence at Capitol as she pleads for leniency U.S. judge orders 'Three Percenter' charged in Capitol riot released on bail Prosecutors have had it with the alleged Jan. 6 rioter who put his feet on Nancy Pelosi's desk
(DBN)

Ohio officer on leave after video shows her patrol cruiser running over gunshot victim
(DBN)

Officers, sergeants resign en masse from Portland’s Rapid Response Team crowd control unit
(DBN)

Bolton's Bet Pays Off Bigly
(DBN)

Trump supporter pleads guilty after firing his gun into car full of Black girls
(DBN)

Students pulled from car by Atlanta police sue city
(DBN)

Biden Administration 'Studying Border Wall Construction,' DHS's Alejandro Mayorkas Says DeSantis says he’ll send Florida police officers to help Texas, Arizona enforce border Shock pics show 33 illegal immigrants crammed into U-Haul in Texas in 100F temperatures as Trump blasts border crisis
(DBN)

DOJ issues first direct statements against states targeting trans youth
(DBN)

Suspects in Aiden Leos Road Rage Shooting Got Into Separate Highway Altercation Days Later
(DBN)

Feds Seek 'Very Substantial' Prison Term for Disgraced Lawyer Michael Avenatti
(DBN)

Multiple shootings and victims reported in West Valley area of metropolitan Phoenix 1 dead, 13 injured in series of drive-by shootings in Arizona; suspect in custody
(DBN)

Top general ‘shocked’ by AP report on AWOL guns, mulls fix
(DBN)

Most NYC Democratic Voters Want Increased Police Presence as Crime Has Surged 22 Percent
(DBN)

______________

Judges:

BK ND IL: Closed For Juneteenth BK ND GA: Atlanta Not Closed, Newnan, Rome and Gainesville Closed 5th Cir: Reduced Staff BK KS: Partially closed 11th Cir: Closed 3rd Cir: Closed BK MD LA: Juneteenth BK WD LA: Office Closure BK NJ: Closed BK ND WV: Closed BK AZ: Closed BK WD PA: Closure BK VT: Closed, Except Scheduled Hearings BK ED TN: Closed BK WD VA: Holiday Closing BK HI: Closed BK MD: Closed BK ED WA: Closed 4th Cir: Closed BK ED OK: Closed BK WD OK: Closed BK ND MS: Closed BK MD FL: Closed BK SC: Closed BK CD IL: Closed BK RI: Closed BK ED VA: Closed BK ED CA: Closed BK ND CA: Closed BK CT: Closed BK SD FL: Closed BK CD IL: Closed BK SD GA: Closed BK MA: Closed BK ED NC: Closed, But Judge Warren's Hearing Will Occur BK NH: Closed BK WD WI: Closed BK ND OK: Closed BK CD CA: Closed BK ED MI: Closed BK CO: Closed BK ND FL: Closed BK ED NY: Closed BK MN: Closed BK SD NY: Closed BK OR: Closed BK NV: Closed 9th Cir. BAP: Closed
(DBN)

Justices Kavanaugh, Barrett and Thomas Team Up with Breyer and Chief Justice Roberts to Save Obamacare Affordable Care Act survives again; states have no standing to challenge individual mandate, SCOTUS rules The Supreme Court shut down an attack on Obamacare in the most dismissive way possible Justice Alito's Fierce Dissent Endorsed a Liberal Application of Article III Standing Doctrine to Call for Obamacare's Destruction
(DBN)

Trump was wrong about the law, Obamacare politics and his judges
(DBN)

Alito Hopping Mad As Supreme Court Holds Off On Opening Discrimination Floodgates Justice Alito’s Massive Concurrence in Favor of Expanded Religious Freedom May Have Scared Off Two Conservative Justices
(DBN)

Trudeau Nominates First Non-White Judge to Canada’s Top Court
(DBN)

______________

Wall Street:

U.S. stock futures are little changed as the Dow heads for a losing week
(DBN)

U.S. Markets Poised to Remain Open During Juneteenth Holiday
(DBN)

Dow falls for a second day following Fed policy update, loses 210 points
(DBN)

Tesla and Other Bubble Stocks Have Deflated Just Like 2000
(WSJ)

______________

Layoffs:

Novartis slashing 186 jobs
(DBN)

Fort Carson contractor notifies workers it could furlough hundreds
(DBN)

______________

Media:

Open War on Facts and Truth
(DBN)

____________

History:

In 1919, white mobs and federal troops killed hundreds of Black residents – and America has tried to forget the story
(DBN)

____________

Food/Beverage:

U.S. Restaurant Sales Climb As Pre-Pandemic Life Returns
(DBN)

____________

Healthcare:

California anesthesia group files for bankruptcy after hospital contract lapses
(DBN)

The Biden administration will invest $3.2 billion in COVID-19 antiviral drugs
(DBN)

June 17th COVID-19 New Cases, Vaccinations, Hospitalizations; Illinois Reaches 70% Goal
(DBN)

New coronavirus variant gains foothold in the U.S. U.S. officials keep pushing for vaccinations as delta variant gains ground
(DBN)

The Delta variant might pose the biggest threat yet to vaccinated people
(DBN)

Biden is on track to fall short of vaccinating 70% of American adults by July 4
(DBN)

Dr. Fauci: How we’ll know when we’ve reached herd immunity with Covid
(DBN)

Obamacare survives after Supreme Court rejects latest GOP challenge What Obamacare achieved — and didn’t Here's what the Supreme Court's Obamacare ruling means for you 'A huge relief': Obamacare patients hopeful but wary after Supreme Court upholds law Supreme Court’s pro-ACA decision spurs both parties to new strategies
(DBN)

The public option is now a reality in 3 states
(DBN)

Why so many Covid-19 variants are showing up now
(DBN)

Urgent Action Needed as Third Virus Wave Sweeps Africa, WHO Says
(DBN)

The science around the lab leak theory hasn't changed. But here's why some scientists have.
(DBN)

____________


Economy:

Jobless claims show surprise increase to highest level in a month Weekly Initial Unemployment Claims increase to 412,000
(DBN)

Falling lumber prices show inflation will be temporary - and used car prices will soon follow suit, Fed's Powell says
(DBN)

Financial advisors shrug off Fed’s inflation, interest rate forecasts
(DBN)

Markets believe that bankruptcy has been abolished – that’s not a good thing
(DBN)

Commodities from copper to corn tumble on China crackdown, rising dollar
(DBN)

Working mothers are 32% less likely to leave their job if they can work remotely
(DBN)

Your next meal is getting more expensive. Here's what's driving the surge in food prices.
(DBN)

Many Companies Want Remote Workers---Except From Colorado
(DBN)

Californians will again have to show they're job hunting to receive unemployment benefits
(DBN)

Biden to sign Juneteenth bill, creating first new federal holiday in decades
(DBN)

There are 3 types of employees. Here’s the rarest one—and why they outperform everyone else
(DBN)

Almost half of older millennials wish they had chosen a different career path
(DBN)

Immigration's role in America's labor shortage
(DBN)

Bernie Sanders seeks $6 trillion infrastructure package, which Senate Democrats are considering passing without the GOP Democrats face divide crafting multitrillion-dollar bill without GOP
(DBN)

Why American Women Everywhere Are Delaying Motherhood 1 in 4 couples opt to never have kids
(DBN)

Race for Global Tax Revolution Faces Hurdles in Last Stretch Ireland wants a ‘compromise’ on Biden’s 15% global tax plan
(DBN)

California loosens mask rules for vaccinated employees
(DBN)

Opioids rip through U.S. workforce, with deaths at record level
(DBN)

Required IRA, 401(k) withdrawals would start later under congressional proposal
(DBN)

‘Social Security doesn’t even cover my entire rent.’ Why retirees want changes
(DBN)

Pianos, Personal Space Help Brookfield Lure Staff Back to Office
(DBN)

BlackRock to Allow Vaccinated Staff to Return to Office in July
(DBN)

Bank of America Says All Vaccinated Staff to Return to Office in September
(DBN)

With Juneteenth, Federal Employees Now Get 44 Paid Days Off Each Year
(DBN)

Kill the 5-Day Workweek
(DBN)

The enduring wealth gap
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

Foreclosure Notice Requirements and Challenge to Standing When the Mortgage to Be Foreclosed is Assigned By MERS
(DBN)

Remember, landlords are sacred cows in bankruptcy
(DBN)

The Six Primary Lessons Learned Representing Landlords and Lessors During the COVID-19 Pandemic
(DBN)

The Collective to Explore Sale as Pandemic Curbs Co-Living
(DBN)

Lawler: Early Read on Existing Home Sales in May
(DBN)

Get ready to pay more rent
(DBN)

Existing Home Inventory: Local Markets
(DBN)

New home sales fall due to low inventory and high prices
(DBN)

Mortgage rates spike following Powell comments, hitting their highest levels in months
(DBN)

U.S. Mortgage Rates Slip to Lowest Level in Four Months at 2.93%
(DBN)

‘The market is as hot as we’ve ever seen it:’ Why you should wait to buy a house
(DBN)

Phoenix Real Estate in May: Sales Up 33% YoY, Active Inventory Down 54% YoY
(DBN)

Winners and Losers of the Work-From-Home Revolution
(DBN)

____________

Municipalities:

Puerto Rico Oversight Board urges court to remove PREPA suit
(DBN)

Judge orders Michigan AG not to disclose Detroit bankruptcy mediation documents
(DBN)

AOC says Puerto Rico self-determination bill 'does not oppose statehood'
(DBN)

Residents push back at high sewage and water bills from private companies
(DBN)

Atlantic City to use sirens to mark 10 pm juvenile curfew
(DBN)

____________

Oil/Gas:

Nine Point bankruptcy judge calls for more info on lien dispute Nine Point Denied Quick Win On Pipeline Liens
(DBN)

Fifth Circuit Affirms Bank’s Perfected Delaware UCC Lien Has Priority Over Texas Oil Producers’ Statutory Lien on Proceeds
(DBN)

It’s Too Late To Avoid A Major Oil Supply Crisis
(DBN)

Energy, investor groups clash ahead of SEC climate-risk rulemaking
(DBN)

____________

Cruise Lines :

Royal Caribbean Cruise Ship Restart Wrecked by Multiple COVID Cases
(DBN)

Carnival Discloses Breach of Personal Data on Guests and Crew
(DBN)

____________

Religion:

Archdiocese fulfills remaining $3 million obligation in clergy abuse bankruptcy settlement
(DBN)

Heated debate before US Catholic bishops vote on Communion
(DBN)

____________

Mass Torts:

Boy Scouts Near Bankruptcy Deal With Largest Victim Group
(DBN)

Liberty must cover entire asbestos settlement with defunct company
(DBN)

____________

Orchestras:

Hit Hard by Pandemic, Philadelphia Orchestra and Kimmel Center to Merge
(DBN)

____________

Travel:

Business Travel Firm CWT Skips Debt Payment as Talks Begin
(DBN)

____________

Pharma:

Purdue Judge Backs Bankruptcy Examiner After Explosive Hearing
(DBN)

____________

Education:

Judson College: The Latest Casualty in the Disruption of Higher Education
(DBN)

Pandemic may have made it easier for some students to get into college in 2020
(DBN)

America is turning into a lottery society
(DBN)

____________

Transit:

NYC Subway Ridership Reaches Nearly Half of Pre-Pandemic Levels
(DBN)

____________

Movie Theaters:

AMC: Limited Bankruptcy Risk Until 2024
(DBN)

____________

Telecoms:

Federal broadband maps show vast disparities in internet access across the U.S.
(DBN)

____________

Politics:

McConnell rejects Manchin's voting right compromise Joe Manchin’s sweeping new voting rights proposal, explained Voting bill showdown looms as GOP rejects Manchin plan
(DBN)

Secret Recording: GOP Candidate Threatens to Send Hit Squad Against Rival
(DBN)

House votes to repeal 2002 authorization of military force in Iraq
(DBN)

"Great nations don't ignore their most painful moments": Biden signs bill making Juneteenth a federal holiday Juneteenth to Become U.S. Holiday, 166 Years After Slavery’s End Black Americans laud Juneteenth holiday, say more work ahead The story of Juneteenth, the new federal holiday
(DBN)

GOP Rep. Paul Gosar's family calls Jan. 6 comments "despicable"
(DBN)

Convention circuit of delusion gives forum for election lies
(DBN)

Putin lavishes post-summit praise on Biden, says media have U.S. leader wrong Vladimir Putin Says Joe Biden is 'Collected, Does Not Miss a Thing' Putin Hails Biden After Russian Senator Questions U.S. Leader’s Fitness What did the Biden-Putin summit do for US-Russian relations?
(DBN)

Gavin Newsom Attacks Trump Republicans in 'Just Getting Started' Ad Campaign
(DBN)

Trump Says Jewish People 'Don't Love Israel Enough' Amid Complaint About Lack of Support
(DBN)

Schumer’s Two-Track Plan for Biden Agenda Hits Hurdles in Party
(DBN)

Schumer Set to Challenge GOP With Vote to Advance Election Bill
(DBN)

Reports detail tense moments with Georgia election monitors
(DBN)

Florida's new voting law has elections supervisors stumped
(DBN)

____________

 


New Bankruptcy Opinions
(7 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 (22 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:

These are the 10 biggest restaurant chain bankruptcies in 2020
(DBN)

______________

Small Business:

Growing Use of Small Business Reorganization Bankruptcy Cases
(DBN)

____________

IP:

License Rights and Bankruptcy: No “Silver Linings”
(DBN)

____________

Cross-Border:

DAVIDsTEA Obtains Recognition Order from U.S. Bankruptcy Court for Plan of Arrangement and Will Fund Court-appointed Monitor with Approximately CDN $18 Million for Distribution to Creditors
(DBN)

Convergence in International Bankruptcy
(DBN)

Scott Atkins appointed President of INSOL International
(DBN)

____________

Discharge:

Disbarred lawyer can't discharge debt he owes state bar for client losses, bankruptcy judge says
(DBN)

____________

Trustees:

UST Seeks Ch. 12 Trustee for BK WD, MD and ED LA
(DBN)

____________

Critical Vendors:

Current Developments in “Critical Vendor” Payments
(DBN)

____________

Mediation:

Judge wants to learn more about record breach in Snyder case
(DBN)

____________

Conversion:

Surviving A Motion To Convert From Chapter 11 To Chapter 7 — Or Not (In re Gabbidon & In re Neosho)
(DBN)

____________

Aviation:

Airline and bank websites go down in another major internet failure
(DBN)

Garuda Puts Off Debt Payment Again as It Faces Funding Crunch
(DBN)

Creditors to Sell $463 Million of Air Berlin and Alitalia Claims
(DBN)

Senators running out of patience on mask mandate for travelers
(DBN)

U.K. Considers Plan to Open Foreign Travel for Vaccinated Passengers
(DBN)

COVID-thwarted traveler loses dispute over insolvent airline voucher
(DBN)

Vietnam: Risky losses in aviation industry
(DBN)

Eastar Jet to be acquired by cash-rich property developer SJ
(DBN)

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

Jet Airways shareholders reject company's financial results for FY20
(DBN)

Britain, pressed by airlines, may ease rules for vaccinated travelers
(DBN)

Stay on AirAsia X’s creditors extended by nine months
(DBN)

____________

Hotels:

Hotels: Occupancy Rate Down 10% Compared to Same Week in 2019
(DBN)

____________

Utilities:

Californians Asked to Voluntarily Cut Electricity as Scorching Heat Wave Reaches 4th Day
(DBN)

Ohio House Gives Householder The Boot
(DBN)

Puerto Rico’s Plan to Fix Its Power Grid Is Off to a Rocky Start
(DBN)

California Battery Boom Didn’t Come Fast Enough to Beat the Heat
(DBN)

Two major electricity failings in Texas may signal a long, hot summer of blackouts
(DBN)

____________

Autos:

Ford says second-quarter earnings will ‘surpass expectations’
(DBN)

Lordstown Recants Claim It Has Binding Orders; Shares Tumble
(DBN)

____________

Climate:

Historic heat wave expands across California, wildfire risk builds
(DBN)

The West has all the ingredients for another terrible wildfire season
(DBN)

What's Behind the Heat Wave Out West?
(DBN)

The shocking numbers behind the Lake Mead drought crisis
(DBN)

Tropical storm likely to hit U.S. this week as hurricane season begins
(DBN)

New map reveals where rivers run dry
(DBN)

Heat wave in West enters Day 6 as entire state of Arizona soars to record highs
(DBN)

Maine Becomes First State to Order Public Fossil-Fuel Divestment
(DBN)

Travelers care deeply about sustainability – until it inconveniences them
(DBN)

____________

Student Debt:

Older Americans Burdened by Student Debt
(DBN)

____________

Sovereigns:

Pressure Piles on Chad Private Creditors After G-20 Relief Deal
(DBN)

____________

UK:

The Corporate Insolvency and Governance Act 2020 – extension of temporary measures
(DBN)

Government Announces Further Extensions to COVID-19 Related Restrictions
(DBN)

Restructuring plans – a tool to help companies post-Covid
(DBN)

U.K. coronavirus infections climb to 4-month high U.K. Virus Cases Surge Even as 8 in 10 Have Received Shots
(DBN)

Five years before a vaccine can ‘hold the line’ against Covid variants, England’s medical chief says
(DBN)

U.K. Seeks Longer Northern Ireland Trade Grace Period
(DBN)

WOMAD Festival under threat – Peter Gabriel calls for UK government insurance scheme Womad Festival co-founder Peter Gabriel warns it may be axed
(DBN)

____________

Canada:

DavidsTea creditors, including former employees, to split $18-million after U.S. court ruling
(DBN)

____________

Hungary:

Hungary passes new law on preventative restructuring frameworks
(DBN)

____________

Italy:

Apollo, illimity to target distressed real estate debt in Italy
(DBN)

____________

Japan:

Japan eases COVID restrictions ahead of Tokyo Olympics
(DBN)

Just Five Percent of Japan Vaccinated as Country Plows Ahead With Olympic Plans
(DBN)

Japan’s ‘Dr. Fauci’ Damps Olympic Mood With Call to Ban Fans
(DBN)

____________

Israel:

Israeli Officer Who Killed Autistic Palestinian Man Charged With Manslaughter
(DBN)

____________

India:

Banks get raw deal as top bankruptcy resolutions see 80% average haircuts
(DBN)

____________

Portugal:

Portugal to Limit Travel to, From the Lisbon Area During Weekend
(DBN)

____________

Colombia:

Colombia Reopens Economy as Covid Deaths Surge Toward 100,000
(DBN)

____________

Australia:

Hunt for Geoffrey Edelsten's missing millions
(DBN)

____________

Rwanda:

Five key provisions in draft insolvency law
(DBN)

____________

Switzerland:

Swiss Supreme Court confirms that claims against bankrupt Swiss parties do not ipso facto lose their arbitrability
(DBN)

____________

Singapore:

Singapore slows the pace of reopening as Covid cases haven’t declined significantly
(DBN)

___________


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