June 25, 2021

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Top 50 Biglaw Firm Announces Big-Money Raises For Associates
(DBN)

Associates Are Kings For A Day With New Raises
(DBN)

'Looking For Rationality In An Irrational Market': Why Are Some Firms Matching The New Salary Scale?
(DBN)

Associates At This Biglaw Firm Won't Be Taking A Bath When It Comes To Compensation
(DBN)

Mayer Brown Expands Global Restructuring Team With Foley Lawyers
(DBN)

Former BigLaw associate is accused of recording more than 2,000 hours on closed pro bono case
(DBN)

The 2021 ATL Top 50 Law School Rankings Are Finally Here
(DBN)

Lawyer Moms Responsible For Second-Ever State Law Requiring Courthouse Lactation Rooms
(DBN)

Tea Time: In-House v. Biglaw
(DBN)

Biglaw Partnership -- Well The Non-Equity Variety -- Is On The Rise
(DBN)

Elite Firms Recognized By Working Mother Magazine (2021)
(DBN)

Hogan Lovells targets minimum three day office week
(DBN)

Slater and Gordon accused of 'secretive layoffs'
(DBN)

Bankruptcy judge orders Kossoff to cooperate with trustee • Kossoff Previews 5th Amendment Discovery Defense
(DBN)

Guide advises lawyers to refer to people as 'they/them' until they know their pronouns
(DBN)

New York adds third gender option to birth certificates, licenses
(DBN)

How Litigation Finance Toppled the Fortunes of a Real Housewives Star • Lawyer Demands Erika Jayne Turn Over ‘Real Housewives’ Contract, Reality Star’s Accountant To Be Grilled Under Oath Volume 0% Loading ad
(DBN)

Giuliani’s Law License Suspended by N.Y. Over Election Lies • New York Appeals Court Suspends Rudy Giuliani's Law License for 'Demonstrably False' Statements About 'Trump's Failed Effort at Reelection' • 'The arc of history bends toward disbarment': Rudy Giuliani brutally mocked after court suspends his law license • Giuliani's law license suspended in connection with efforts to overturn 2020 election • Rudy Giuliani proclaims he’ll be vindicated after court investigation • ‘Rudy Gets Taken Out Behind the Woodshed’: Attorneys Hammer Giuliani Over Suspension of Law License • Giuliani skips Dominion, MyPillow-Lindell defamation case hearing after law license revoked • Trump allies urge judge to throw out Dominion defamation suits
(DBN)

Giuliani’s Election Conspiracy Theory Faces Crucial Court Test
(DBN)

Rudy Giuliani’s Son Issues Video Rant Against Judges Appointed by Democrats; Says Politicized DOJ Is A 'Cancer That Needs to Be Cut Out'
(DBN)

Revs. Jesse Jackson, William Barber Arrested at Capitol Protest Aimed at Joe Manchin, Mitch McConnell
(DBN)

New York attorney general questions Cuomo senior adviser in sexual harassment probe: report
(DBN)

Trump allies ask judge to dismiss lawsuits over false claims Dominion voting machines were rigged
(DBN)

Pelosi announces a select committee will investigate the Jan. 6 attack on the Capitol by a pro-Trump mob • 'Boorish and alarming' behavior lands man in jail until trial in Jan. 6 riot • The glaring problems with Tucker Carlson’s attempt to blame the FBI for the insurrection • 500 people arrested in Jan. 6 Capitol riot by Trump supporters, AG Garland says • Capitol Siege Defendant Charged with Assaulting Photographer, Damaging News Gear Said Enemies 'Should Be Hung' for 'Treason' • Wife Charged in Capitol Siege Changed Facebook Profile to 'Appear as Part of the Democratic Party'; Husband 'Threw a Chair' at Cops: Feds • Virginia Man Used 'Pole-Like Object' and Strobe Light to Assault, Disorient Cops During Capitol Siege: Feds • DOJ charges first Capitol rioters suspected of attacking media • Judge Slams GOP Deniers Over Jan. 6 Riot • New Details Suggest Senior Trump Aides Knew Jan. 6 Rally Could Get Chaotic • House GOP leader to meet with Capitol officer hurt on Jan. 6 • A Florida man admitted storming the Capitol, feds say. Then he told the FBI his pastor had come with him.
(DBN)

Pregnant woman who took a prescribed opioid for her chronic pain faces a felony charge
(DBN)

Pandemic put some behind bars past their sentences
(DBN)

Family Threatens to Sue Florida Trooper Caught on Camera Tasing 'Suspicious' Biracial Teen Who Was Visiting his Girlfriend
(DBN)

'I Prayed None of Them Recognized or Knew Me': Ex-Cop Reveals for First Time What It Was Like Doing Time as Convicted Police Officer
(DBN)

Chauvin to be sentenced Friday for Floyd murder • Chauvin could face decadeslong sentence in Floyd’s death
(DBN)

Liberals tone down calls to 'defund police' amid GOP attacks
(DBN)

Lawmakers come to bipartisan framework agreement on police reform
(DBN)

Police Officers Seldomly Convicted on Murder Charges
(DBN)

Why Police Quit in Droves Last Year
(DBN)

As school shootings surge, a sixth-grader tucks his dad's gun in his backpack
(DBN)

Judge blocks federal loan forgiveness program for minority farmers • Judge Blocks Biden Farm Aid Plan as Possibly Biased Against Whites
(DBN)

Gun injury research gains steam
(DBN)

Most Dangerous Cities in America, Ranked
(DBN)

Affidavit: FBI feared Pennsylvania would seize fabled gold
(DBN)

Cartels target civilians near border bridge
(DBN)

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Judges:

Former law clerk who alleged sexual harassment by late 9th Circuit judge blasts judiciary for indifference
(DBN)

With Senate Confirmation, Former Defender Candace Jackson-Akiwumi Breaks Up All-White 7th Circuit
(DBN)

Opioid MDL judge reverses order requiring COVID vaccines for jurors
(DBN)

Judge blasts Latham & Watkins and Kirkland & Ellis over 'ethical issues'
(DBN)

Justice Alito bristles at conservative Supreme Court's incremental course
(DBN)

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Wall Street:

Dow futures rise helped by Nike earnings, key inflation report ahead
(DBN)

Bond Market Warns Wall Street’s Rosy Forecasts Are All Wrong
(DBN)

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Climate:

Western drought indicators flash warnings of the 'Big One'
(DBN)

Pacific Northwest soon to be ground zero for record-shattering heat • U.S. Northwest Braces for Record Heat, Strained Power Grids • 113 degrees forecast in Portland as 'life-threatening' heat looms
(DBN)

UAE Eyes First Net Zero by 2050 Goal Among Major Petrostates
(DBN)

New Jersey Utility Accelerates Net Zero Carbon Plan by 20 Years
(DBN)

The Water is Coming for the Florida Keys • Before condo collapse, rising seas have long pressured Miami coastal properties
(DBN)

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Sports:

The Tokyo Olympics just got an important no-confidence vote - from Japan's emperor
(DBN)

Japan Trails in Vaccination Race as the Olympics Loom
(DBN)

Minor League Baseball Relief of $550 Million Pitched in Bill
(DBN)

USA Gymnastics remains in bankruptcy, mediation with survivors
(DBN)

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Hedge Funds:

Banks involved in Archegos meltdown face DOJ probe • Archegos’s Banks Facing DOJ Antitrust Probe Into Collapse
(DBN)

Hedge Funds Launch Effort to Boost Image as D.C. Scrutiny Mounts
(DBN)

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Coal:

India’s Coal-Dominated Power Market Is Tilting Toward Solar
(DBN)

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Healthcare:

June 24th COVID-19 New Cases, Vaccinations, Hospitalizations
(DBN)

The global vaccine failure
(DBN)

Biden says more Americans will die as delta variant spreads
(DBN)

Even the world's most successful vaccination programs are hitting hurdles
(DBN)

The US hasn't vaccinated enough people to stop a Delta variant spike of infections, one of the leading US public-health experts has warned
(DBN)


Israel says the Delta variant is infecting vaccinated people, representing as many as 50% of new cases. But they're less severe. • Israel to reinstate indoor mask mandate as cases keep rising
(DBN)

Green fungus linked to Delta variant 'TRIPLES risk of death'
(DBN)

Highly-Vaccinated Seychelles Says Beta Variant Caused Most Covid Cases on Islands
(DBN)

Nurse fired by hospital for not taking Covid vaccine says she doesn't need it because she caught the virus battling the pandemic and has antibodies
(DBN)

Bipartisan group of senators urges Blinken to vaccinate Americans abroad
(DBN)

MLB's Astros offering free tickets to fans who get the COVID-19 vaccine
(DBN)

Blood Test Can Find 50 Types of Cancer
(DBN)

U.S. Companies Shifted To Make N95 Respirators During COVID. Now, They're Struggling
(DBN)

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Economy:

US jobless claims tick down to 411,000 as economy heals • Weekly Initial Unemployment Claims decrease to 411,000
(DBN)

Biden whispers the quiet part out loud on the labor shortage: 'Pay them more!'
(DBN)

U.S. Durable Goods Orders Jump in May on Planes, Transportation
(DBN)

Krugman: Economics in a Post-Truth Nation
(DBN)

Many people don’t want to work unless it’s from home
(DBN)

Q1 GDP Growth Unchanged at 6.4% Annual Rate
(DBN)

Workers are quitting their jobs. But are they getting better ones?
(DBN)

Buttigieg says federal government supports rights of companies to implement vaccine passport
(DBN)

Democrats and Republicans want to fund infrastructure using federal unemployment benefits yanked from workers
(DBN)

The rise of "third workplaces"
(DBN)

'Dr. Doom' economist Nouriel Roubini warns that inflation won't be temporary and the Fed risks crashing the economy if its changes policy too soon
(DBN)

Bipartisan group of senators to meet with Biden at White House to try to finalize infrastructure deal • Biden strikes infrastructure deal with bipartisan group of senators • Biden whisperer, longtime Washington lobbyist helps secure breakthrough in infrastructure talks • Biden throws support behind $1 trillion infrastructure deal with GOP as Democrats press for separate party-line package • Schumer and Pelosi say they're still barreling ahead without the GOP on a multitrillion-dollar social spending package in July • Biden's bipartisan infrastructure deal is more than $1 trillion smaller than his initial pitch. Here's what he cut out. • Biden says he won't sign bipartisan bill without reconciliation bill • McConnell slams Biden for already 'caving' to left on infrastructure deal • Infrastructure breakthrough marks victory for political center • Republicans raise early concerns over Biden infrastructure deal • Progressives fire warning shot on bipartisan infrastructure deal • Manchin says Democratic-only infrastructure bill 'inevitable'
(DBN)

U.S. Latinos earn less, die earlier in segregated areas
(DBN)

U.S. Goods-Trade Gap Widens More Than Forecast as Imports Rise
(DBN)

Starbucks CEO says business is rebounding in markets where vaccinations are up
(DBN)

Census to show first decline of white population
(DBN)

America's continued move toward socialism
(DBN)

Americans More Divided on Social Than Economic Issues
(DBN)

Hawaii set to drop quarantine, testing requirements for fully vaccinated US travelers
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Mortgage rates rise to highest levels in two months
(DBN)

New Home Prices
(DBN)

Biden to Put $46 Billion Into Effort to Avoid Flood of Evictions
(DBN)

Freddie Mac: Mortgage Serious Delinquency Rate decreased in May
(DBN)

Condo building partially collapses in Miami-Dade, prompting mass search-and-rescue operation • Dramatic footage emerges of the moment 12-story building crumbled • Here's what we know about Champlain Towers, the luxury condo that collapsed near Miami • DeSantis declares state of emergency after deadly Miami-area condo collapse • Biden approved an emergency declaration in Florida, allowing FEMA to coordinate disaster relief for the Miami building collapse • Collapsed Florida building drew global visitors, residents
(DBN)

CDC extends final eviction moratorium for 30 days
(DBN)

The Supreme Court decides not to light the housing market on fire
(DBN)

The US housing boom helped wealthy homeowners the most
(DBN)

Demand rises among seniors to rent rather than own
(DBN)

Is the Mortgage Boom Cooling Down?
(DBN)

Blackstone’s Baratta Sees Underinvestment in Single-Family Homes
(DBN)

Fitch downgrades Destiny USA bonds, says a default ‘probable’
(DBN)

KKR Joins Private Equity Rivals in New Single-Family Rentals Bet
(DBN)

Once-Cheap Plywood Stand-In Hits New Highs Even as Lumber Prices Fall
(DBN)

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Municipalities:

State Spending Could Surge at One of Fastest Paces in a Decade
(DBN)

NYC Inequality Issues Are as Big as the City Next Mayor Will Run
(DBN)

Puerto Rico presses Congress to prevent 'Medicaid cliff'
(DBN)

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Oil/Gas:

Europe's Surging EV Sales Are Oil's Next Challenge
(DBN)

U.S. Shale Eyes A $60 Billion Year
(DBN)

Big Oil’s increasing number of climate lawsuits draws parallels to Big Tobacco
(DBN)

Biden Backs Oil Sands Pipeline Project
(DBN)

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Hotels:

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

Bankrupt downtown San Jose hotel’s value tumbles amid coronavirus woes
(DBN)

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Retailing:

Dozens of Ex-Sears Stores to Hit Market as New CEO Culls Assets
(DBN)

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Cruise Lines:

Carnival Sees Full Fleet Sailing by Spring, Later Than Hoped
(DBN)

Celebrity Cruises drops requirement for passengers to show proof of COVID vaccine for Florida cruises
(DBN)

Two guests aboard Royal Caribbean cruise test positive for Covid
(DBN)

More people are set to go on cruises this year, but is the industry ready to deal with an outbreak on board?
(DBN)

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Yachts:

Perini Navi bankruptcy saga continues: Auction to commence in July
(DBN)

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Pharma:

Squire Patton Boggs' restructuring chief named Purdue Pharma bankruptcy examiner
(DBN)

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Food/Beverage:

Olive Garden Owner Storms Back as America Piles Into Restaurants
(DBN)

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Debt Collection:

11th Circuit Ruling on Creditors’ Use of Mail Vendors Leads to Jump in FDCPA Lawsuits
(DBN)

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Politics:

Inside the 'shadow reality world' promoting the lie that the presidential election was stolen
(DBN)

Trump boasts of 'big crowds' for a rally that hasn't happened yet
(DBN)

DHS official told lawmakers there's concern about Trump August reinstatement conspiracy theory
(DBN)

Pence said he's 'proud' Congress certified Biden's win on Jan. 6 • Pence: Idea of Overturning Election Results is Un-American
(DBN)

OAN Host: Execute All Who Stole the Election
(DBN)

Republican congressman warns 'more people will die' over false claims of 2020 election fraud after call for executions airs on pro-Trump media outlet
(DBN)

Pentagon punches back against GOP culture wars
(DBN)

Biden condemned Trump's nepotism. So why are his aides' relatives getting jobs?
(DBN)

Democrats plot filibuster workarounds
(DBN)

'Put them in shackles!' Gun-toting Trump supporters rage at Michigan GOP for shooting down election lies
(DBN)

Biden nominates Cindy McCain for ambassadorship with the UN food agency
(DBN)

Biden Says He’ll Raise Pressure on Voting Rights Restrictions
(DBN)

Disaffected Republicans Launch New Group to Impact 2022 Midterms
(DBN)

Nikki Haley Banks Political Favors in Iowa Ahead of 2024 Bid
(DBN)

A high school valedictorian began a speech about his queer identity and mental health. Then his mic cut out.
(DBN)

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New Bankruptcy Opinions
(7 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (8 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (23 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:

BAPCPA Report - 2020
(DBN)

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Structured Dismissal:

New York Bankruptcy Court Approves Two Structured Dismissals Post-Jevic
(DBN)

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Finance:

What Lenders Need to Know to Obtain SBA Guaranty Payment On Defaulted PPP Loans
(DBN)

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Aviation:

Unruly Travelers Face Criminal Charges, Penalties, TSA Warns
(DBN)

Flight attendants describe 'unprecedented' violence as travel returns and passenger aggression soars
(DBN)

Frontier Airlines eliminates 'Covid recovery fee' it has been charging since May after backlash
(DBN)

Airline Industry to Weigh Goal of Net-Zero Emissions by 2050
(DBN)

Double Vaccine Will Re-Open Foreign Travel, U.K.’s Johnson Says
(DBN)

Air France-KLM Bond Issue Lands Amid Rising Risks to Summer Fun
(DBN)

PAL board has yet to approve final restructuring plan
(DBN)

Facing bankruptcy, Garuda weighs options
(DBN)

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Student Debt:

Student Loans At US Supreme Court: A New Loss For Students / Win For U.S. Government (McCoy v. U.S.)
(DBN)

Major unions ACLU and SEIU join 126 organizations in calling on Biden to extend the freeze on student-loan payments
(DBN)

Student loans, the racial wealth divide, and why we need full student debt cancellation
(DBN)

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Education:

What the hysteria over critical race theory is really all about • Trump allies including Steve Bannon are plotting a campaign against critical race theory they think could return the GOP to power • The Anger and Division Over Teaching CRT
(DBN)

Government fails to collect over $1 billion in debt from colleges, report says
(DBN)

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Fraud:

Bourbon Gone Bad: Kentucky Distillery Owner Implicated Alongside Lori Loughlin in College Admissions Scandal
(DBN)

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Autos:

Hertz gets a post-pandemic, post-bankruptcy fresh start
(DBN)

June Vehicle Sales Forecast: Supply Issues Pull Down Sales Again
(DBN)

Analyst Warns of ‘Profit Desert’ as EVs, AVs Enter Market
(DBN)

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Mail:

Postal Service's strategic plan will slow mail service in many places • Bipartisan group of lawmakers says slow mail is no way for USPS to cut costs
(DBN)

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Utilities:

Texas power grid faces summer having changed little from February freeze
(DBN)

ERCOT Doesn't Know Why Plants Went Offline
(DBN)

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Banking:

US banks get all-clear on resuming limit-free share buybacks after passing Fed stress tests
(DBN)

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Sovereigns:

IMF welcomes Argentina's progress toward addressing Paris Club debt
(DBN)

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UK:

Two million people may have suffered 'long covid' in England, government-backed survey indicates
(DBN)

MSPs agree to extend emergency Covid-19 powers into 2022
(DBN)

The UK’s Covid vaccine program and delta surge means it’s now a test case for the world
(DBN)

Brexit Has Been a Worse Deal for Everybody
(DBN)

Amigo Loans warns insolvency is "still an option" after lifeline from lender
(DBN)

British officials slammed for hiring close friends, mixing work and pleasure amid pandemic response
(DBN)

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Canada:

The inside story of an Alberta coal mine devastated by a financial crisis
(DBN)

Modernizing bankruptcy and insolvency directives and regulations
(DBN)

751 unmarked graves found at former residential school for Indigenous children in Canada
(DBN)

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Japan:

Japan proposes four-day workweek as idea gains purchase amid pandemic
(DBN)

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Australia:

Sydney enters 'scariest' phase of pandemic as delta variant spreads, leader says • Parts of Sydney going into lockdown as virus outbreak grows
(DBN)

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Ireland:

Insolvency legislation now allows for remote resolution
(DBN)

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South Africa:

South Africa Bitcoin ‘Ponzi’ Scheme Out of Regulator's Reach
(DBN)

South African Town Agrees to Isolate as Virus Cases Surge
(DBN)

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Singapore:

Singapore’s new insolvency law: a status report on the progress of the new regime
(DBN)

Singapore to Accelerate Vaccination, Flags Reopening Prospects
(DBN)

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Turkey:

Significant Amendments to the Enforcement and Bankruptcy Law
(DBN)

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Portugal:

Portugal imposes stricter rules as COVID surge threatens summer tourism
(DBN)

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France:

Dead Banker’s Aides Convicted in Trial Over Credit Suisse Stash
(DBN)

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China:

Embattled retailer Suning.com eyes private equity assets in turnaround bid as billionaire founder loses grip on group
(DBN)

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Cayman Islands:

International Insolvency & Restructuring Report
(DBN)

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Brazil:

Brazil’s inquiry into Covid disaster suggests Bolsonaro committed ‘crimes against life’
(DBN)

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India:

IBC at a glance: Top 5 bankruptcy cases that grabbed headlines in the past 5 years
(DBN)

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