June 22, 2021

The Daily Bankruptcy News

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Law:

Biglaw Firm Wants to Be Like The Kool Kids, Raises Associate Salaries
(DBN)

Magic Circle Firm Gives Raises A Chance For U.S. Associates
(DBN)

Single Office Firm Matches Salary Scale
(DBN)

Firm Comes Over The Top Of The Davis Polk Compensation Grid
(DBN)

Associates Get The Raises They've Been Clamoring For At This Biglaw Firm
(DBN)

MoFo Delights With Associate Raises
(DBN)

This Prestigious Firm Is Blowing The New Biglaw Salary Scale Out Of The Water
(DBN)

Weil Associates Were Waiting, This Firm Raised Salaries
(DBN)

Sullivan & Cromwell Joins The Salary Discussion
(DBN)

Sidley Sidles Up To The New Salary Scale
(DBN)

Raises And Special Bonuses Announced In Double Duty Memo
(DBN)

Latham's Take On New Salaries Includes A Boost For Senior Associates
(DBN)

Biglaw Raises Include An Extra Bump For Junior Associates
(DBN)

Biglaw Firm Announces Raises, Makes Adjustment To Market Compensation Grid
(DBN)

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

Time To Pay Up: These Am Law Top 50 Firms Haven’t Announced Raises Yet
(DBN)

Several Elite Firms Raise Associate Pay, but Question Looms Over Counsel Wages
(DBN)

The Allure Of Toxic Productivity
(DBN)

US Law Firms Use Huge Salaries to Lure Australian Associates to the States
(DBN)

An American lawyer tried to break up a scuffle in Hong Kong. Now, he's in jail.
(DBN)

Lawyers Question Made Up Rule Cited By DC Disciplinary Bar To Disappear Bill Barr Ethics Complaint
(DBN)

Legal Departments Are in the Dark on Legal Ops Value
(DBN)

Derek Chauvin Prosecutors Defend Juror Who Wore 'Get Your Knee off Our Necks' Shirt, Attended Pre-Trial Rally
(DBN)

This progressive police reform bill is pretty popular
(DBN)

Trump and his CFO Allen Weisselberg stay close as prosecutors advance their case
(DBN)

Prosecutors Set Their Sights on Donald Trump’s Former Bodyguard, Who Has Now Lawyered Up: Report
(DBN)

DOJ Probes Roger Stone Role in Jan. 6 Riot
(DBN)

After Courtroom Beatdown, Ex-‘Kraken’ Lawyer Withdraws Lawsuit Against MLB Over All-Star Game
(DBN)

Naked Man Made His Way into Home, Claimed It Was His and Killed Parakeets: Homeowner
(DBN)

Supreme Court rules against NCAA on education-related benefits for athletes
(DBN)

White House eyes ending migrant family expulsion by July 31 Biden's program for migrant children doesn't go far enough Numbers of migrant children surge at southern border Garland vacates DOJ opinions restricting asylum in cases of domestic abuse and gang violence
(DBN)

Democratic lawmakers not initially targeted in Trump DOJ leak probe: report
(DBN)

Garland tries to untangle the Trump legacy at the Justice Department
(DBN)

AR-15 Lawyer Couple Plead Guilty, Immediately Troll Prosecutors For Offering Leniency
(DBN)

Waitress abducted, assaulted by non-paying customers in New Jersey
(DBN)

Trump supporter sues town for $25M after being ordered to remove MAGA flags from his car
(DBN)

Black Lives Matter Loses Suit Over Trump’s Lafayette Square Walk Black Lives Matter Protesters Can Sue Local Authorities—But Not Trump and Barr—for Lafayette Square Incident Federal judge tosses most claims against Trump, Barr and U.S. officials in clearing of Lafayette Square
(DBN)

Ransomware gangs get paid off as officials struggle for fix
(DBN)

Court blocks California assault weapons ban repeal
(DBN)

Dippin’ Dots CEO Sent Nudes to Ex-Girlfriend’s Mother as Part of 'Vicious Harassment' and 'Blackmail' Campaign, Lawsuit Claims
(DBN)

An 18-Year-Old and a Juvenile Face Attempted Murder Charges After Reported Fight Over Dollar Store Parking Spot in Myrtle Beach
(DBN)

Christian man fired after refusing to provide fingerprints
(DBN)

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Judges:

Is it a 3-3-3 Supreme Court? Barrett opinion gives Goldman Sachs partial win in class-action case
(DBN)

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Wall Street:

U.S. stock futures are flat after the market’s sharp rally on Monday S&P futures about 1% below record level ahead of Powell testimony
(DBN)

Dow stages nearly 590-point comeback after worst week since October
(DBN)

Investors fear inflation, labor shortages in second half of 2021
(DBN)

Investors still view COVID as a market risk for the second half of 2021
(DBN)

Market volatility is back as Covid and Fed uncertainty hit sentiment
(DBN)

Tiny Texas Oil Driller Hyped on Reddit Surges 130% in a Week
(DBN)

Hedge Funds Held on to Pandemic Losers and Now It’s Paying Off
(DBN)

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Layoffs:

Exxon Prepares to Cull U.S. White-Collar Ranks by as Much as 10%
(DBN)

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Climate:

The US could be facing its worst drought in 1,200 years, and summer hasn't even reached its peak yet.
(DBN)

Asia’s Richest Man Says ‘No Option’ But to Make Businesses Green
(DBN)

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Religion:

Law firm adds 9 N.J. priests to list of accused abusers, as deadline nears in diocese’s bankruptcy case
(DBN)

America’s largest evangelical denomination is at war with itself
(DBN)

Abortion rights, Joe Biden, and communion: The controversy, explained
(DBN)

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Golf:

Trump Organization Sues NYC Over Termination of Golf Contract
(DBN)

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Sports:

Supreme Court upholds some education benefits for NCAA athletes; will other limits fall? The NCAA model is unraveling SCOTUS NCAA Decision, Explained Soon, the NCAA as we've known it will no longer exist The Supreme Court's decision confirms what we already knew: The NCAA is a con With the courts on their side, advocates plot future challenges to the NCAA
(DBN)

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Healthcare:

The Delta variant appears to have tripled to 31% of all US coronavirus cases in just 11 days. It's more dangerous than other variants and could imperil the country's recovery.
(DBN)

US hitting encouraging milestones on virus deaths and shots
(DBN)

States most vulnerable to COVID are also some of the least vaccinated Delta Variant Gains Steam in Undervaccinated U.S. Counties Covid Rebounds in U.S. South, Where Many Have Shunned Vaccines Youngest adults are least likely to be vaccinated, and their interest in shots is declining, CDC finds
(DBN)

Kids are more likely to be vectors for fast-spreading new coronavirus strains like the Delta variant, former FDA chief says
(DBN)

Salon workers are holding on to their masks, and not just because of Covid-19
(DBN)

Fox News and Trump are still pushing hydroxychloroquine. Here's what the data actually shows.
(DBN)

New book offers fresh details about chaos, conflicts inside Trump’s pandemic response
(DBN)

U.S. Supreme Court rebuffs insurers on Obamacare reimbursements
(DBN)

Biden Details Plan to Ship 55 Million Shots, Delays June Target
(DBN)

Vaccine Shortages Hit Global Supply Program, Halting Rollouts
(DBN)

Some destinations are shutting out unvaccinated travelers. Here are a few
(DBN)

More People Than Ever Use Medicaid to Pay for Healthcare
(DBN)

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Economy:

Fed should be ready for upside risks to inflation, Bullard says
(DBN)

Mnuchin Says Fed Needs to Go Into Period of Normalizing Policy
(DBN)

Powell renews forecast for inflation subsiding toward Fed's goal
(DBN)

Here’s why the market may be wrong about the Federal Reserve and interest rates
(DBN)

U.S. lawmakers likely to press Powell on Fed's 'hawkish' turn
(DBN)

Dalio, Summers Still See U.S. Overheating Risk After Hawkish Fed
(DBN)

Inflation ahead? Even a top economist says it’s complicated
(DBN)

When Will the US Factory Losses End?
(DBN)

A third of Americans say they got better with money during the pandemic
(DBN)

Economy Recovering, Will Never Be the Same
(DBN)

Tech startups keep workers remote but plan elaborate "bonding trips"
(DBN)

Biden’s top tax rate on capital gains would be among highest in developed world
(DBN)

Even after Biden tax hike, US firms would pay less than foreign rivals
(DBN)

FactCheck: Minimum Wage and Inflation
(DBN)

Biden risks break with progressives on infrastructure White House waiting for details before committing to infrastructure deal Biden Sees Flaws in Latest Infrastructure Proposal, Advisers Say Senators Say They’re Nearing Agreement on Infrastructure Plan Top White House officials heading to Senate for infrastructure talks
(DBN)

Expanding child tax credit could lift 4 million children out of poverty: analysis
(DBN)

Fed officials: Faster bond taper could keep options open on rate hike
(DBN)

Return-to-Office Sparks Labor Complaint From AFL-CIO’s Own Staff
(DBN)

Nokia Will Redesign Offices as It Adapts to More Flexible Work
(DBN)

Residents of more than 20 cities in US are receiving $500 a month universal basic income payments as popularity of Andrew Yang's proposal grows
(DBN)

Chip Shortages Are Starting to Hit Consumers
(DBN)

The age of the career-jumpers
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

California to pay off unpaid rent accrued during COVID-19 pandemic
(DBN)

Houses are selling in just 6 days on average in a red-hot market, and just 3 days in some Midwest cities, an industry report says
(DBN)

The federal government needs to step in and avert a homeowner's insurance crisis
(DBN)

Manhattan Luxury Buyers Shun Co-Ops for Less-Intrusive Condos
(DBN)

The U.S. Is Increasingly Diverse, So Why Is Segregation Getting Worse?
(DBN)

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Municipalities:

NYC Mayor’s Race Shows City at Odds Over How to Mount Comeback New Yorkers Set Post-Pandemic Course in Mayoral Primary Tuesday
(DBN)

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Oil/Gas:

In re Sanchez Energy Corporation: Presence of Real Property Covenants No Shield to Rejection in Bankruptcy
(DBN)

U.S. oil's cautious return from COVID-19
(DBN)

By 'land, sea and air,' GM plans to expand fuel-cell business beyond EVs
(DBN)

Trafigura Says Oil Could Hit $100 a Barrel Next Year
(DBN)

Decade Of Chaos Could Send Oil To $130 Per Barrel
(DBN)

Big Oil is Giving Up on Iraq
(DBN)

Controversial St. Croix refinery ceases operations given 'extreme financial constraints'
(DBN)

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Autos:

Lordstown executives sold $8 million in stock ahead of financial reporting
(DBN)

Hertz Taps Rental-Car ABS Market for First Time Since Bankruptcy
(DBN)

Nissan CEO promises turnaround for disgruntled shareholders
(DBN)

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Crypto:

Cryptoassets and insolvency
(DBN)

Brezin: Bitcoin is a Fraud
(DBN)

China’s renewed crypto crackdown wipes nearly $300 billion off the market
(DBN)

China's central bank has ordered domestic banks and payment providers not to offer crypto services
(DBN)

Bitcoin Forms ‘Death Cross’ as Selloff Shows No Sign of Reprieve
(DBN)

Bitcoin’s Drop Closer to $30,000 Stirs Fears of a Deeper Selloff
(DBN)

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Cruise Lines:

First U.S. Cruise in 15 Months Set to Sail as Restrictions Ease
(DBN)

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Mass Torts:

More changes made to Boy Scouts of America bankruptcy plan
(DBN)

USA Gymnastics: How Bankruptcy Proceedings Can Help Resolve Mass Sexual Abuse Claims
(DBN)

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Ride Hailing:

Uber, Lyft Fares Surge, but Not Driver's Pay
(DBN)

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Celebs:

'Real Housewives Of Beverly Hills' Star Erika Jayne Looks Unglamorous Pumping Gas Without Makeup After Being Hit With $5 Million Lawsuit
(DBN)

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Politics:

Poll: Most Iowa voters want Sen. Chuck Grassley out
(DBN)

Biden Overall Job Approval Drops to 52%
(DBN)

Biden Meets With Key Democratic Moderates Manchin and Sinema Sen. Kyrsten Sinema: Abolishing filibuster would weaken "democracy's guardrails"
(DBN)

Obama cites Capitol riot in backing voting rights compromise GOP Ready to Block Election Bill in Senate GOP ready to block elections bill in Senate showdown Democrats' voting rights plan faces long odds in U.S. Senate
(DBN)

Trump's baseless claim about ballot drop boxes in Fulton County, Ga.
(DBN)

Poll: Most Americans reject validity of 2020 election audits
(DBN)

New York Times: Tucker Carlson a source for many journalists
(DBN)

Trump discussed sending infected Americans to Guantanamo Bay: book
(DBN)

Progressive groups launch $1.5M ad buy to pressure Sinema on filibuster
(DBN)

More than 70 companies call on Senate to pass voting right bill
(DBN)

Senate's 'nothing but no' McConnell stands as roadblock to Biden agenda
(DBN)

Trump Should Cough Up His $570,000 Debt To El Paso Before He Tours Border: Judge
(DBN)

QAnon Isn't Dead, but Evolving
(DBN)

Rhode Island Sen. Whitehouse defends family ties to private beach club amid questions about inclusivity
(DBN)

Liz Cheney Had to Hire Private Security
(DBN)

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New Bankruptcy Opinions
(8 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 (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)

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Recoupment:

Recoupment – Back in Its Bankruptcy Box
(DBN)

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1111(b):

Anatomy of the § 1111(b) Election
(DBN)

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Aviation:

American Airlines cuts hundreds of flights amid demand surge American Airlines trims some flights to relieve potential strain on operations American Air Cancels 1% of July Flights as Surge Stretches Staff American Airlines plans to cancel 80 flights every day for the rest of June because of bad weather and a labor shortage, according to a report
(DBN)

Airlines, unions want DOJ to prosecute unruly passengers
(DBN)

Delta to Hire More Than 1,000 Pilots as It Plans Covid Recovery
(DBN)

United CEO warns of possible pilot shortage
(DBN)

Why Airlines Let Sick Passengers on Flights
(DBN)

Jet Airways Closer to Return to Skies as Rescue Plan Approved Bankruptcy court approves Kalrock-Jalan’s resolution plan for revival of Jet Airways
(DBN)

Norwegian Air fires CEO in 'surprise' move after restructuring
(DBN)

U.S., E.U. and others hit Belarus with new sanctions for forcing commercial airliner to land and arresting journalist
(DBN)

Aer Lingus in talks for hundreds of millions of euros in extra liquidity Aer Lingus sees no big bounce from easing of Irish travel curbs
(DBN)

Court OKs property developer as final bidder for Eastar
(DBN)

Garuda Indonesia Is Considering Cutting Its Fleet To Save Money
(DBN)

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Retailing:

Report: Retail slowdown ahead
(DBN)

A demotivated dollar-store worker quit retail after an impressed customer told her to apply to a law firm. She got the job, and now earns $3-an-hour more, plus benefits.
(DBN)

Retail workers are fed up and rage-quitting, and the tight labor market could help them score the better pay and benefits they've demanded for years
(DBN)

Saks Off 5th Will Become $1 Billion Standalone Online Business
(DBN)

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Education:

The swoon in college enrollment
(DBN)

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Student Debt:

Senators warn of ‘financial hardship’ when federal student loan payments resume
(DBN)

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Mining:

Kyrgyzstan Says Cooperation with Centerra Unlikely in Mine Clash
(DBN)

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Cannabis:

Lessons from California's Pot Industry Bailout
(DBN)

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Accounting:

KPMG Faces $21 Million Fine for H.I.G. Capital Conflict
(DBN)

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Movie Theaters:

Blockbusters are back: New 'Fast & Furious' aims to jolt US movie-going
(DBN)

AMC shares on wild ride, despite valuation warning signs
(DBN)

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Newspapers:

Fears for future of American journalism as hedge funds flex power
(DBN)

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Food/Beverage:

U.S. fast-food chains cut discounts, push pricy meals post-pandemic
(DBN)

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Coal:

Falling renewables costs undercut new and some existing coal plants - study
(DBN)

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UK:

U.K. Covid Data Looking Good for Lifting Curbs, Johnson Says
(DBN)

U.K. Government Borrowing Falls as More People Return to Work
(DBN)

U.K. Still Deeply Split on Brexit Five Years After Referendum
(DBN)

UK factories see fastest output growth on record, price pressure growing - CBI
(DBN)

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EU:

Goldman Sachs makes two big predictions about Europe’s economic recovery
(DBN)

EU Gas Stokes Inflation Fears With Prices Near 13-Year High
(DBN)

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Canada:

Canada to lift some border restrictions July 5; foreign travelers still excluded Pressure builds to lift coronavirus restrictions on U.S.-Canada border
(DBN)

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India:

How to save the IBC from the NCLT
(DBN)

Vaccine hesitancy puts India’s gains against virus at risk
(DBN)

India’s Top Private Employer Ushers in New Workplace Models
(DBN)

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Japan:

Companies give vaccines to workers, boosting Japan’s rollout
(DBN)

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China:

China Evergrande’s Rating Downgraded Deeper Into Junk Territory Several Big Chinese Banks Reduce Evergrande Funding on Debt Risk
(DBN)

China crosses 1 billion vaccinations, with 500 million in one month
(DBN)

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South Africa:

Covid-19 Cases Surge to Record in South Africa’s Industrial Hub
(DBN)

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Dubai:

Dubai State Holding Firm Posts $5.1 Billion Loss as Virus Weighs
(DBN)

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Philippines:

Philippines' Duterte threatens to jail people who refuse COVID vaccine
(DBN)

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Venezuela:

Venezuela Exodus Hits Record Levels
(DBN)

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Hong Kong:

Reconsidering the need for parallel schemes of arrangement
(DBN)

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