June 2, 2021


The Daily Bankruptcy News

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3-Column Formating

 

Law:

Biglaw Firm's Easy, Breezy Approach To Office Reopening
(DBN)

This Top 30 Biglaw Firm Expects Lawyers To Work From The Office 'By Default'
(DBN)

Top 50 Biglaw Firm Will Allow Lawyers To Work From Home 50% Of The Time
(DBN)

Some Law Firms Change Hiring Habits in Hunt for Associate Talent
(DBN)

Wave of Consumer, Small Business Bankruptcies Prompts Broward Law Firm's Southerly Expansion
(DBN)

The Expendable Biglaw Partners
(DBN)

One legal professional’s systematic approach to LinkedIn
(DBN)

Biglaw Bonuses Are Making It Hard For In-House Recruiters To Lure Associates Away From Their Firms
(DBN)

'Remote Forever': Lawyers Look to Move Firms So They Don't Have to Leave Their House
(DBN)

Amid High Demand, Some Organizations Are Still 'Lowballing' E-Discovery Hires
(DBN)

Lawyer is fined after he flips the bird during Zoom oral arguments
(DBN)

Anxiety From Law Firm Debt Collection Letter Not Enough for Suit
(DBN)

This firm is fighting mandatory COVID-19 vaccines with legal filings and warnings
(DBN)

Lawyer is disbarred after missing multiple hearings; he blamed PTSD caused by his medical condition
(DBN)

Kraken Lawyer Sues MLB For Violating Atlanta's Constitutional Right To Host The All Star Game • ‘Kraken’ Attorney Files $1 Billion Lawsuit Against MLB for Moving All-Star Game, Claims League Is ‘State Actor’ That Deprived Georgians of Civil Rights
(DBN)

Biden to honor forgotten victims of Tulsa race massacre • Hundreds gather at historic Tulsa church’s prayer wall • 100 years after Tulsa race massacre, Black residents await Biden, and reparations • Biden compares white mob in Tulsa massacre to Charlottesville rallygoers
(DBN)

Amazon faced 75,000 arbitration demands. Now it says: fine, sue us
(DBN)

U.S. moves to dismiss charges against a Capitol riots defendant • In an Apparent First for the U.S. Capitol Siege Docket, Prosecutors Move to Dismiss Case Against New Yorker Accused of Breaching Building • U.S. prosecutors in plea talks with Oath Keepers on Capitol riot
(DBN)

Pelosi floats Democrat-led investigation of Jan. 6 as commission alternative • Pelosi rules out having Biden create Jan. 6 commission
(DBN)

Brian Sicknick's partner "disgusted" with Republicans blocking Jan. 6 commission
(DBN)

Derek Chauvin Waives His Right to Contest Federal Detention Given His 'Current Situation' as a Convicted Murderer • Court Appoints Attorney to Represent 'Financially Unable' Derek Chauvin in Federal Civil Rights Case
(DBN)

McConnell signals concern over changes to qualified immunity in police reform
(DBN)

Former BLM leader sounds off on group's 'ugly truth'
(DBN)

FBI agent charged with attempted murder in shooting of passenger on Metro train • FBI Agent Accused of Overreacting to Panhandler on Train, Trying to Murder Him. His Lawyer Has a Different Story.
(DBN)

Alabama cop repeatedly stomps on mentally ill suspect’s leg, video shows
(DBN)

Violent Memorial Day weekend: Shootings erupt in New York, Miami and more
(DBN)

Texas man who planned 'mass casualty event' at Walmart had assault weapons, racist symbols, police said
(DBN)

Florida joins states to ban transgender girls from women’s sports • Biden hits back at states targeting trans youth in Pride Month proclamation
(DBN)

Biden administration formally ends Trump's "Remain in Mexico" program • Texas to Yank Licenses for Migrant Kid Camps
(DBN)

Owner of barbershop charged with killing customer who refused to pay
(DBN)

Bail Set at $1 Million for 14-Year-Old Accused of Murdering 84-Year-Old Former Teacher by Stabbing Her 43 Times
(DBN)

Woman's lawsuit accuses Leon Black of defamation, violent behavior
(DBN)

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Judges:

BK SC: Law Clerk Vacancy
(DBN)

BK MD PA: Law Clerk Vacancy Announcement
(DBN)

Reflections on the Extraordinary Life of Judge Stephan P. Mickle
(DBN)

MajoS&P 500 dips, as healthcare weighs; Dow ends marginally higher
(DBN)r rulings including Obamacare loom for U.S. Supreme Court
(DBN)

Supreme Court Justice Rejects Church Challenge to Disaster Law
(DBN)

Judge who used N-word says she was forced to resign in ‘judicial wilding’ • Judge That Used The N-Word Resigned, Now Says Her Due Process Was Violated
(DBN)

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Wall Street:

Stock futures are little changed after muted start to June
(DBN)

Stocks hover near record highs on rebound bets, oil rallies above $70
(DBN)

Global equities break record as U.S. stocks waver after manufacturing data
(DBN)

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Layoffs:

Instacart Wants to Replace Army of Gig Shoppers With Robots
(DBN)

Mass layoff by former Shop-Vac owners violated WARN Act, ex-employee claims in lawsuit
(DBN)

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Religion:

Vatican law criminalizes abuse of adults by priests, laity • Vatican Revises Church Law in Wake of Sex Abuse, Financial Scandals • In major rewrite of church law, Pope Francis aims for clearer penalties for sex abuse offenders
(DBN)

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Food/Beverage:

Hackers attack America’s largest meat processor over Memorial Day weekend • Some shifts canceled at U.S., Canada meat plants after JBS cyberattack • All JBS beef plants in US forced to halt production after cyberattack • One-Fifth of U.S. Beef Capacity Wiped Out by JBS Cyberattack • U.S. says ransomware attack on meatpacker JBS likely from Russia; cattle slaughter resuming • JBS Poised to Reopen Most Meat Plants Hobbled by Cyberattack
(DBN)

No One Knows How Much U.S. Meat Costs After Cyberattack Jams Report
(DBN)

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Performing Arts:

Broadway’s Rebound Advances Again: ‘Pass Over’ to Start in August
(DBN)

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Student Debt:

Biden to Skip Student Loan Forgiveness in Speech on Cutting Race Wealth Gap
(DBN)

Lawyer described as ‘Don Quixote of student debt’ relief decides to run for Congress
(DBN)

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Hotels:

Trump's company puts D.C. hotel lease up for sale, again
(DBN)

After decades of rocky seas in Long Beach, Queen Mary in danger of sinking. Can it be saved? • Queen Mary? Famed liner is in danger of SINKING without £16million of urgent repairs, documents show
(DBN)

Bankrupt downtown San Jose hotel owner wins big round in court
(DBN)

Blackstone, Starwood Boost Extended Stay Bid Amid Opposition
(DBN)

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Telecoms:

GTT Communications Likely to File Chapter 11 Before June 30 Bond Coupon Date; Tax Liabilities Eroding Recovery for Unsecured Noteholders • GTT Restructuring Talks Intensify Amid Debate Over Post-Reorg Equity Splits, Leverage; Terms Still to Be Finalized
(DBN)

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Coal:

Striking coalminers in Alabama energize support across the south
(DBN)

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Healthcare:

Avadim Health Hits Ch. 11 After Years Without Turning A Profit
(DBN)

Moderna Seeks Full FDA Approval for Its Covid-19 Vaccine
(DBN)

Anthony Fauci’s pandemic emails: ‘All is well despite some crazy people in this world’ • Anthony Fauci’s Emails Reveal The Pressure That Fell On One Man • Fauci told Chinese official they would ‘get through this together,’ email reveals • Critics slam Fauci after book announcement on ‘truth’ and ‘service,' claiming he's profiting off pandemic
(DBN)

Ohio's vaccine lottery scheme is working - so why does it bother us?
(DBN)

Transplants Force Patients to Amass Vaccinations to Beat Covid
(DBN)

China’s Sinovac COVID-19 Vaccine With 50% Efficacy Rate Gets WHO Approval
(DBN)

Anti-vaxxers are claiming centuries of Jewish suffering to look like martyrs
(DBN)

Despite vaccines, nursing homes struggle with outbreaks
(DBN)

Employees Might Have to Keep Masks On Past June 15: CAL/ OSHA
(DBN)

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Economy:

Gain in U.S. factory gauge belies labor, supply constraints • U.S. Manufacturing Gains Steam; Raw Material, Labor Shortages Mounting • ISM® Manufacturing index Increased to 61.2% in May
(DBN)

Fed's Brainard: more 'progress' on recovery ahead, though still far from goals
(DBN)

U.S. inflation is transitory but may become more persistent: ex-Fed official Dudley
(DBN)

Costco Disagrees with Fed on Inflation
(DBN)

U.S. Treasury Secretary Yellen and China’s vice premier talk about the economy
(DBN)

Biden sheds hawkish past on deficit with debt-laden budget
(DBN)

Biden Proposes 39.6% Top Tax Rate
(DBN)

U.S. labor market worse than it appears, Fed paper suggests
(DBN)

Factories in U.S. Face Record Wait Times for Materials
(DBN)

Biden eyes grants, federal purchasing to narrow racial wealth, home ownership gaps
(DBN)

Quarles Hints He May Stay at Fed After Term as Vice Chair Ends
(DBN)

Why a Labor Shortage Would Be a Good Thing
(DBN)

From Tesla to GE, See How Much CEOs Made in 2020
(DBN)

How the World Ran Out of Everything
(DBN)

One way companies are concealing higher prices: Smaller packages
(DBN)

Construction spending posts modest 0.2% gain in April
(DBN)

WHO, World Bank Endorse IMF Call for $50 Billion to Fight Virus
(DBN)

The E.E.O.C. explains how companies can mandate vaccines for workers.
(DBN)

Inside the decision to allow worker vaccination requirements
(DBN)

US can’t consider race or sex in distributing pandemic funds to restaurants, 6th Circuit says
(DBN)

The Southwest Is America’s New Factory Hub. ‘Cranes Everywhere.’
(DBN)

COVID-19 restrictions protected California's economy. Now it's poised for a "euphoric" rebound
(DBN)

New OECD chief optimistic about agreement on global minimum corporate tax
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

U.S. construction spending rises moderately in April • Construction Spending increased 0.2% in April
(DBN)

MBA Survey: "Share of Mortgage Loans in Forbearance Slightly Decreases to 4.18%"
(DBN)

Update: Framing Lumber Prices Down from Recent Peak, Up Sharply Year-over-year
(DBN)

CoreLogic: House Prices up 13% Year-over-year in April
(DBN)

Manhattan Office Supply Hits Another Record Even as NYC Opens Up
(DBN)

NatWest Expects Remote Workers to Exceed Full-Time Office Staff
(DBN)

Deutsche Bank Unveils Hybrid Model for Post-Pandemic Work Return
(DBN)

Lazard CEO Says Remote Work Damages Prospects for Young Bankers
(DBN)

Westchester developer files for bankruptcy — twice — to fight arbitration award
(DBN)

Michael Stern-owned condo project files for Chapter 11 bankruptcy
(DBN)

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Municipalities:

Private company takes over Puerto Rico power utility service • No Turning Back on PREPA’s Transformation
(DBN)

Austin Is Biggest Winner From Tech Migration, LinkedIn Data Show
(DBN)

Las Vegas is ready to roll the dice on pre-pandemic normalcy
(DBN)

We Are Facing a Turning Point for New York City
(DBN)

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Oil/Gas:

Departure of U.S. Oilfield Service Firms Could Help Margins Return
(DBN)

Oil demand will reach pre-pandemic levels in mid-2022, analyst says
(DBN)

Rapidly Tightening Oil Market Fuels Inflation Concerns: Chart
(DBN)


There’s a ticking climate time bomb in West Texas
(DBN)

Three Exxon refineries top the list of U.S. polluters
(DBN)

Electric-Vehicle Stocks Climb, Buoyed by Industry Optimism
(DBN)

IEA Says Oil Demand May Return to Pre-Crisis Levels in a Year
(DBN)

Biden administration to cancel oil and gas leases in Arctic National Wildlife Refuge
(DBN)

____________

Mass Torts:

Justices reject Johnson & Johnson appeal of $2B talc verdict
(DBN)

New York Bill Would Give Sexual Abuse Survivors New Chance to Sue
(DBN)

____________

Movie Theaters:

Alamo Drafthouse Theater Chain Plots Post-Chapter 11 Expansion • Alamo Drafthouse Completes Sale: Out Of Bankruptcy And Opening Five New Theaters As Box Office Revives
(DBN)

How AMC's boss won over the Reddit crowd
(DBN)

AMC surges as deal with Mudrick raises cash to 'go on offense' • AMC Gets $250 Million by Giving Mudrick’s Fund a Quick Cameo • Mudrick sells entire AMC stake, calling shares overvalued • AMC and Mudrick time the market to perfection • AMC shares soar nearly 23% after fund buys and flips $230 million stake • AMC’s CEO wants to use the meme frenzy as a springboard for growth
(DBN)

The latest popular delusion on Wall Street may not end well
(DBN)

AMC, GameStop Rallies Deal Shorts Another $591 Million Blow
(DBN)

____________

Finance:

How Swiss asset managers opened their doors to Lex Greensill
(DBN)

____________

Climate:

First day of summer brings excessive heat, fire concerns in California
(DBN)

Amid Historic Drought, a New Water War in the West
(DBN)

CA: Drought So Bad Almond Tress Destroyed
(DBN)

____________

Tech:

Resurgence of "conspiracy theories" humbles misinformation police
(DBN)

Microchip Shortage Could Last for Years
(DBN)

____________

Mining:

Canada’s Centerra Says Kyrgyzstan Refusing to Engage Over Kumtor Mine Dispute • Canada's Centerra Gold says Kyrgyz units seek bankruptcy after mine seizure • Kyrgyz shows off Kumtor while Centerra's subsidiaries seek bankruptcy
(DBN)

Mesabi Metallics sues Minnesota for canceling its mineral leases in Nashwauk
(DBN)

____________

Politics:

Cuomo to Host $10,000-a-Ticket Campaign Fundraiser in NYC
(DBN)

What the Texas bill reveals about the GOP vote-restriction push
(DBN)

At Texas event with QAnon ties, Louie Gohmert downplays Jan. 6: 'It wasn't just right-wing extremists'
(DBN)

Flynn is a Warning of MAGA Violence to Come
(DBN)

100 Scholars Issue Warning for American Democracy
(DBN)

A surreal, submerged, conspiratorial, Trump-centered political universe still thrives
(DBN)

Biden appears to criticize Democrats Joe Manchin and Krysten Sinema, saying some members of his party 'vote more with my Republican friends'
(DBN)

The Secret Service is reportedly spending nearly $35,000 to rent portable toilets at Trump's Bedminster golf club
(DBN)

Condoleezza Rice says Trump 'touched the nerve' of people who felt 'diminished by elites'
(DBN)

____________

New Bankruptcy Opinions
(5 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (13 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (13 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:

Toledo: Area bankruptcy court filings fall in May
(DBN)

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Avoidance Actions:

Preference Defense in the Wake of the Pandemic: A Primer
(DBN)

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Settlements:

A Reminder That a 9019 Motion Is Not a Slam Dunk: Bankruptcy Court Denies 9019 Motion After Determining That Approving Certain Findings Required By Settlement Would Amount to Inappropriate Advisory Opinion
(DBN)

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D&O:

In re National Fish: Keeping Your D&O Insurer on the Hook in Chapter 7
(DBN)

____________

Tax:

SALT Cap Confounds Doomsayers as Fears of Exodus Prove Overblown
(DBN)

____________

Aviation:

The $15 billion jet dilemma facing Boeing's CEO
(DBN)

Senators criticize U.S. airlines over voucher expiration dates
(DBN)

Irate woman spits on, kicks passengers in airplane face mask meltdown
(DBN)

Airline passengers are behaving worse than ever. One proposed solution? Ban alcohol.
(DBN)

Wizz Air warns of more losses in 'transition year'
(DBN)

Malaysia's AirAsia X Gets Shareholder Go-Ahead for Restructuring Plan
(DBN)

Germany Weighs Taking Part in Lufthansa Capital Increase
(DBN)

____________

Education:

Is it time to rethink the value of college?
(DBN)

VMI has tolerated 'racist and sexist culture' and must change, investigation finds • Report tells of sexual assault, racism at military institute
(DBN)

Fifth-grader dressed as Hitler, lauded dictator's 'accomplishments.' District is investigating.
(DBN)

____________

Retailing:

Is the never-ending Sears saga finally reaching its closing chapters?
(DBN)

What does the future hold for department stores?
(DBN)

Amazon’s serious injury rate at warehouses was still nearly double the rest of the industry in 2020
(DBN)

____________

Pharma:

NYC, NY counties file against McKinsey over opioid crisis
(DBN)

Sacklers on Opioid Crisis: Don't Blame Us
(DBN)

____________

Cannabis:

Amazon backs legalizing marijuana, drops testing
(DBN)

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Fraud:

NY attorney general James demands Kodak CEO testify on alleged insider trading
(DBN)

____________

Autos:

SEC said Elon Musk’s Tesla tweets violated settlement agreement, WSJ reports
(DBN)

____________

History:

Tulsa isn't the only race massacre you were never taught in school - here are others
(DBN)

____________

Sports:

As unpredictable Games looms, Japan's sponsors struggle to adapt
(DBN)

As Japan’s Olympics tourism boom turns bust, once-hopeful businesses count the cost
(DBN)

End the Olympics once and for all
(DBN)

____________

UK:

U.K. Businesses Implore Johnson to Go Ahead With June 21 Easing
(DBN)

UK reports no new COVID-19 deaths for first time since March 2020
(DBN)

U.K. Mortgage Approvals Rose Unexpectedly in April, BOE Says
(DBN)

Rogue recovery specialists wound-up in court
(DBN)

____________

EU:

EU to Raise $100 Billion in Bonds This Year to Finance Stimulus
(DBN)

EU to add Japan to safe travel list, leave UK off for now
(DBN)

A Country-by-Country Guide to Reopened Europe
(DBN)

____________

Canada:

Why is the Avalon Mall makeover succeeding, as rural retail struggles?
(DBN)

Housing boom helps prop up 5.6% annualized growth in Canada
(DBN)

____________

Germany:

Germany lowers coronavirus risk level as cases ease
(DBN)

____________

Mexico:

Men Are Pretending to Be Trans in Mexico to Sidestep Gender Equity Laws
(DBN)


____________

China:

Huarong contagion risk resurfaces at peers that owe US$454 billion
(DBN)

China Thought They’d Beaten COVID, Now the Indian Variant Is Surging
(DBN)

____________

Israel:

With most adults vaccinated and case numbers low, Israel removes many restrictions.
(DBN)

Israel to ask U.S. for $1 billion in emergency military aid
(DBN)

____________

Australia:

Australia's economy booms to pre-pandemic levels as consumers, businesses spend
(DBN)

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South Korea:

South Korea's Inflation Hits 9-Year High as Commodity Prices Jump
(DBN)

____________

Hong Kong:

Hong Kong SAR cross-border insolvency landscape evolves for Chinese corporates
(DBN)

____________

Denmark:

Labor Shortage May Stunt Danish Growth for Years, Premier Warns
(DBN)

____________

Lebanon:

World Bank: Lebanon's crisis among world's worst since 1850s
(DBN)

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