June 28, 2021

The Daily Bankruptcy News

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Law:

Biglaw Firm Raises Salaries -- But Don't Get Too Excited
(DBN)

All Associates Get Raises And Special Bonuses At This Biglaw Firm -- But Not On The DPW Scale
(DBN)

Mo Money, Mo Problems -- Again
(DBN)

Big Law associates are close to their breaking point, and fat raises and special bonuses aren’t fixing the problem
(DBN)

Biglaw Lawyer Bills 2000+ Hours To Closed Matter... Disciplinary Committee Displeased
(DBN)

Dechert Settles Disability Bias Suit by Ex-Site Manager in D.C.
(DBN)

Nothing not to like: diversity and law firm profitability
(DBN)

'Real Housewives of Beverly Hills' Star Erika Jayne Ready To ‘Cooperate’ In Investigation Into Estranged Husband Thomas Girardi • ‘RHOBH’ Star Erika Jayne Accuses Lawyer Of Harassing Her As Part Of Investigation Into Alleged Embezzlement • Erika Girardi Accuses Trustee's Atty Of Harassment • Erika Jayne slams lawyer in estranged husband’s bankruptcy case after being accused of not cooperating • Lawyer vows to 'prove' Erika Jayne 'was incredibly involved' in estranged husband Tom Girardi’s fraud case • Erika Jayne accused of hiding assets in bankruptcy lawsuit against estranged husband Tom Girardi
(DBN)

What Law Firms Need To Do To Support New Parents
(DBN)

4 Big Problems With The Above The Law Law School Rankings
(DBN)

Shooting of 2 members of prominent legal family fuels speculation and a reopened probe
(DBN)

Minnesota lawmakers reach deal on policing measures
(DBN)

Key witness in Assange case admits to lies in indictment
(DBN)

Jeff Bezos accused his girlfriend's brother of hiding ownership of a $2.5 million property to avoid paying his legal fees, court filings show
(DBN)

DOJ files suit contending Georgia election law violates Voting Rights Act • DOJ Sues Georgia Over Voting Restrictions — Exactly Eight Years After the Supreme Court 'Gutted' the Voting Rights Act • The DOJ’s lawsuit against Georgia’s voter suppression law is probably doomed • Biden Challenge to New State Voting Laws Hinges on GOP ‘Intent’
(DBN)

Wisconsin Supreme Court throws out latest election lawsuit
(DBN)

Inside William Barr’s Breakup With Trump • Barr describes his break with Trump and ‘bulls***’ claims of election fraud • Barr Had Profanity-Laden Split With Trump Over Fraud
(DBN)

Ex-Trump Executive: He Should be in Prison
(DBN)

Capitol Police officers demand "accountability and justice" in meeting with McCarthy • Jan. 6 Video Shows What Police Endured • The Capitol rioter known as the 'Q Shaman' will take a test in prison to establish if he is mentally competent to stand trial • A GOP candidate used leftover cash from his failed congressional campaign to pay for a trip to the Capitol riot, report says • Florida Pastor Charged in U.S. Capitol Siege After One of His Own Followers Ratted Him Out • DOJ Releases More January 6 Riot Videos • Proud Boys Ordered to Remain in Detention Over Jan. 6 Charges
(DBN)

‘Trump Train’ drivers who tried to run Biden bus off road sued under KKK Act
(DBN)

Harris visits southern border, assailed by right and left
(DBN)

Texas governor plans to resume construction of Trump's border wall with or without Biden's help
(DBN)

Chauvin sentenced to 22 years and six months for the murder of George Floyd • Here’s What Derek Chauvin Said Right Before He Was Sentenced For Murdering George Floyd • Convicted Murderer Derek Chauvin's Mother Asserts His Innocence at Sentencing Hearing: My Son Is 'Loving and Caring'
(DBN)

Newly Erected George Floyd Statues Vandalized and Tagged with White Supremacist Group's Website
(DBN)

Ohio Republicans Are Pressing A Bill That Could Criminalize People Like Those Who Watched George Floyd Die
(DBN)

A man who was in prison for 34 years was exonerated after an investigation found evidence of police misconduct
(DBN)

Giuliani Suspension ‘Rare,’ Sends Message on Ethics, Honesty Rudy’s Problematic Public Punishment Doesn’t Fit His Crimes • Four Seasons Total Landscaping Now Openly Mocking Rudy Giuliani • Andy Giuliani Flips Sh*t In Parking Lot While Rudy Moans 'America Is Not America' • Court Catalogs Rudy Giuliani's Election Lies
(DBN)

Trump Organization Could Face Criminal Charges as Soon as Next Week: Reports
(DBN)

After 50 police officers resign, Portland grapples with its message vs. rising violence
(DBN)

A rebel lawyer accused California cops of corruption. Then they accused him of murder
(DBN)

Wallace: GOP is Defunding the Police
(DBN)

Security robots expand across U.S., with few tangible results
(DBN)

A whiff of pot alone no longer airtight probable cause for police to search cars in several states
(DBN)

Louisiana Governor Vetoes Bill Allowing Concealed Carry without a Permit
(DBN)

Biden FactCheck: "The Second Amendment, from the day it was passed, limited the type of people who could own a gun and what type of weapon you could own.”
(DBN)

Texas court rules retailer can't be sued over mass shooting
(DBN)

A 'heroic' civilian who killed a Colorado gunman was fatally shot by a responding officer
(DBN)

14 years after a sexual assault in Tampa, a man has been charged with rape because he entered his own DNA into a genealogy database
(DBN)

A Harvey Weinstein opera may be coming to New York City
(DBN)

Memphis police have reportedly arrested 2 customers who started a shooting in a Burger King because their chicken sandwich had too much hot sauce
(DBN)

Gunman Crashed Stolen Box Truck into Home, Killed Two People, Then Was Slain by Officers, Police Say
(DBN)

Ohio Man Sentenced to Five to Seven Years in Prison For Purchasing Rifle and Helping Teen Commit Suicide
(DBN)

'F--- Your Baby, N----r': Police Investigate Woman Accused of Racist Rant, Throwing Pepper on Black Infant in NYC Pizzeria
(DBN)

Mother Sentenced after Leaving Newborn Baby to Die Outside North Carolina Planned Parenthood Clinic
(DBN)

______________

Judges:

BK WD TX: Michael M. Parker Selected As Bankruptcy Judge
(DBN)

Transgender rights, religion among cases justices could add
(DBN)

Thomas, liberal justices dissent in SCOTUS standing decision: ‘Pithy catchphrase’ limits Congress’ power
(DBN)

Amy Coney Barrett Pens All-Female Dissent Against All-Male Majority Opinion in Favor of Oil Companies
(DBN)

High Court’s Breyer Leaves Democrats in Suspense on Retirement
(DBN)

______________

Wall Street:

Stock futures are little changed as the S&P 500 looks to hold on to record
(DBN)

Meme investors should heed ‘manic’ lesson of Fannie-Freddie collapse
(DBN)

Record Stock Sales From Money-Losing Firms Ring the Alarm Bells
(DBN)

______________

Layoffs:

Computer Task Group lays off 84 Buffalo employees
(DBN)

______________

Food/Beverage:

Restaurants puzzled by soaring meat prices • Cattle markets have been upended, and big meat producers are making 20 times normal margins as beef prices soar
(DBN)

This Beloved Southern Restaurant Chain Was Just Saved From Shutting Down
(DBN)

____________

Non-Profits:

N.Y. attorney general says NRA can't support claims of unconstitutionality
(DBN)

____________

Pharma:

Johnson & Johnson to end sale of opioids, settles New York case for $230 million • J&J agrees to pay $230M to settle New York opioid claim • ‘Johnson & Johnson helped fuel this fire’ – now it’s out of the opioids business
(DBN)

New Alzheimer's drug may be a catastrophe in the making
(DBN)

____________

Sports:

Tour de France official says woman who caused huge crash will be sued
(DBN)

Gwen Berry turns away from flag at U.S. track and field trials: 'I feel like it was a setup' • Message sent: Berry turns away from flag during anthem
(DBN)

____________

Student Debt:

Student loan payments coming back
(DBN)

____________

Live Performances:

Bruce Springsteen marks the return of live shows on Broadway
(DBN)

____________

Healthcare:

Almost all of the current COVID-19 deaths are among those unvaccinated
(DBN)

Vaccines work against Covid but not enough people are getting shots: U.S. doctor
(DBN)

How the UK is a blueprint for the U.S. when it comes to the delta variant
(DBN)

Nearly a quarter of health workers threatened or harassed, CDC says
(DBN)

June 26th COVID-19 New Cases, Vaccinations, Hospitalizations
(DBN)

More Clues on the Origins of Covid 19
(DBN)

Nearly 5 out of 6 coronavirus cases were undetected in pandemic's early months
(DBN)

As variant rises, vaccine plan targets ‘movable middle’
(DBN)

Texas among states hesitant to adopt digital COVID vaccine verification
(DBN)

The threat of the delta variant looms large in the unvaccinated South
(DBN)

Now booming on Moscow's black market: Fake vaccine certificates
(DBN)

End to COVID-19 hotel housing for homeless raises worries
(DBN)

Russia had the first Covid vaccine. Now its population don't seem to want it.
(DBN)

Covid-19 made America’s long-term care crisis impossible to ignore
(DBN)

____________


Economy:

Personal Income decreased 2.0% in May, Spending increased Slightly
(DBN)

Unemployment declining faster in states that are cutting off $300 enhanced federal benefits, according to WSJ
(DBN)

One in Five Young Adults Is Neither Working Nor Studying in U.S.
(DBN)

What if US Defaults on Its Debt?
(DBN)

TX: Jobless Benefits, No Evictions is Ending
(DBN)

70% of millennials are living paycheck to paycheck, more than any other generation
(DBN)

Inflation looks bad now, but it’s pretty much sticking to the script
(DBN)

Q2 GDP Forecasts: 8% to 10%
(DBN)

Is the Fed keeping steady or moving too slow?
(DBN)

Fed’s Rosengren Says 2022 Rate Hike in Play as Job Market Heals
(DBN)

Summers Sees U.S. Inflation Ending 2021 ‘Pretty Close’ to 5%
(DBN)

The U.S. is the country most vulnerable to a new financial crisis, Nomura warns
(DBN)

Here’s what the return to the office will look like this fall
(DBN)

Transit Commuting Workers in Steady Decline
(DBN)

UBS to Let Most Workers Adopt Permanent Hybrid Arrangements
(DBN)

GOP senators furious over Biden pledge tying infrastructure bill to huge Democratic package • Biden Infrastructure Deal Faces Possible GOP Defections • Bipartisan infrastructure deal back on track after walk-back • Biden: Infrastructure vow was not intended to be veto threat
(DBN)

Joe Manchin indicated he would cut a Democratic-only infrastructure plan to $2 trillion so it doesn't grow the national debt
(DBN)

Economists unworried infrastructure will boost inflation
(DBN)

The new face of hunger: Hispanic, employed, but still struggling to feed the family
(DBN)

$15 minimum wage may make child care less accessible for some families
(DBN)

IMF Board Gives Unanimous Support to $650 Billion Reserves Plan
(DBN)

The Broken Promise of Retirement
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

Black Knight: Number of Homeowners in COVID-19-Related Forbearance Plans Increased Slightly
(DBN)

Mortgage rates jump back up to 3.02%
(DBN)

California set to extend eviction protections, pay 100% of back rent • Newsom’s $5 billion rent relief may right a wrong
(DBN)

CDC extends eviction moratorium a month, says it’s the last time
(DBN)

Tens of thousands of Floridians avoid eviction
(DBN)

Rescue workers descend on collapsed Florida condo tower in desperate search for signs of life • 'They were on their balconies, screaming:' The final minutes at Champlain Towers South • A survivor of the Florida condo collapse said she had to climb through the rubble in the dark with her dog until they found light • Families cling to hope as condo collapse toll rises to 9 • Victims in Miami condo collapse came from around the world • ‘Sister’ building to collapsed Florida condo may be evacuated as precaution • Couple married for 59 years and a father-of-two are identified as victims of Miami condo collapse: Death toll rises to five and 156 people remain missing • Surfside condo's neighbors fear for their safety • Report showed ‘major’ damage before Florida condo collapse • Engineer Warned of ‘Major Structural Damage’ at Florida Condo Complex • Before building collapse, $9 million in repairs needed • Dwindling hope for 159 missing in Miami building collapse as scientists dispatched to structural problems • The engineering firm that found structural damage in 2018 says they're 'deeply troubled' by the Florida condo collapse • Condo dwellers are afraid. Grand jury should investigate Surfside collapse for long-term solutions • FL: Town Official Claims Condo was Safe • FL: Failure Point Emerges in Condo Collapse
(DBN)

Housing crisis poses crucial test for Biden administration's economic plans
(DBN)

Lumber prices have bottomed out, but are likely to stay double the historical average for at least the next 5 years, trader says
(DBN)

Trading In Bankrupt Washington Prime Group Could Get Chaotic Because Of New Recovery Details Contained In Recent Filings
(DBN)

____________

Oil/Gas:

Exxon must face Massachusetts lawsuit alleging climate change deceit
(DBN)

Fieldwood Energy To Get OK For Ch. 11 Plan
(DBN)

Shadow Lenders Pile Into U.S. Energy Debt After Bank Retreat
(DBN)

____________

Autos:

Michigan Jeep Plant Appears To Be Entirely Submerged In Flooded Water
(DBN)

____________

Religion:

Long Island Diocese Says Parish Fiscal Records Off Limits
(DBN)

Pope Francis compares work of U.S. priest whose ministry affirms LGBTQ people to the work of God
(DBN)

Trudeau: Pope should apologize in Canada over unmarked graves
(DBN)

____________

Fraud:

Whistleblower Thought He Would Get a Big Payout. Instead He Got Nothing and Went Broke - Securities and Exchange Commission says it can’t reward watchdogs if recouped funds come through bankruptcy process
(WSJ)

____________

Retailing:

Owner to shed 50 ex-Sears stores
(DBN)

____________

Cruise Lines:

1st post-pandemic cruise ship from US sails away • Cruise From Florida Offers Test for Industry After 15 Months
(DBN)

____________

Hotels:

Hotels will never be the same
(DBN)

____________

Banking:

Q2 2021 Update: Unofficial Problem Bank list Decreased to 65 Institutions
(DBN)

____________

Finance:

U.S. Junk Bond Coupon Sets Record Low in Race to Rock Bottom
(DBN)

____________

Crypto:

Trail of Brothers Linked to Missing Bitcoin Stash Is Still Murky
(DBN)

Binance, the world’s largest cryptocurrency exchange, gets banned by UK regulator
(DBN)

____________

Theme Parks:

Disney Offers $1,000 Signing Bonuses, Nine Months After Layoffs
(DBN)

____________

Tech:

Intel CEO Says Chip Shortage to Hit Bottom in Second Half
(DBN)

____________

Ride Hailing:

Uber CEO Reveals Drivers Don't Make Squat
(DBN)

____________

Rail:

Alberta to Alaska railway championed by Trump hits debt wall, may be sold off
(DBN)

____________

Hedge Funds:

Two and twenty is dead. Hedge fund fees fall from onetime industry standard
(DBN)

Head of the No. 2 pension fund says managers rarely added value above fees
(DBN)

____________

Politics:

Trump airs old election grievances in return to rally stage • Trump Restarts Rallies With Familiar List of Grievances, Insults • Trump Message is Clear: Fear Me
(DBN)

Romney: Trump’s lie that he lost 2020 election from voter fraud ‘like WWF’
(DBN)

Trump's Situation Room shouting match • Trump Told Milley to Shoot the Racial Justice Protesters
(DBN)

Oregon Republicans nominate ousted lawmaker who coached rioters on state Capitol breach
(DBN)

A GOP blueprint emerges
(DBN)

Toyota leads companies in election-objector donations
(DBN)

Biden reverses himself on infrastructure, says he would sign bipartisan deal
(DBN)

Trump targeting GOP impeachment voter at Ohio revenge rally
(DBN)

After controversy, U.S. Catholic bishops announce 'no national policy on withholding Communion from politicians'
(DBN)

McAuliffe doubles down on false budget claim that has been fact-checked three times
(DBN)

Sen. Portman still champions bipartisanship, against tide
(DBN)

Some donors sticking with Cuomo after harassment allegations
(DBN)

"Not on the ballot": U.S. Catholic leaders clarify possible move to deny Biden communion
(DBN)

AOC slams filibuster: Nations around globe ‘pass legislation with majorities, and they’re fine’
(DBN)

Democrats sue Texas governor after vetoing lawmaker pay following walkout
(DBN)

____________

 
New Bankruptcy Opinions
(4 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (23 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (60 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)

______________

Cross-Border:

Billionaire’s Chilean Financial Firm Seeks Bankruptcy in U.S.
(DBN)

____________

Bankruptcy Rules:

Advisory Committee on Bankruptcy Rules; Meeting of the Judicial Conference
(DBN)

____________

Consumer Bankruptcy:

Consumer Bankruptcy in the Age of COVID-19
(DBN)

____________

Avoidance Actions:

The Eleventh Circuit and the "Tort" of Making a Fraudulent Transfer
(DBN)

____________

Seminars:

Bankruptcy and Loss Outlooks from the COVID-19 Era
(DBN)

____________

Tax:

IRS Adds Thousands of Auditors as Senate Considers Enforcement Funds
(DBN)

____________

Aviation:

Fight and Flight: T.S.A. to Resume Self-Defense Classes for Airline Crews
(DBN)

Flight attendants locked an aggressive drunk in the toilet to protect the plane's passengers
(DBN)

Airlines are not prepared for the surge in travelers because they don't have enough planes - or pilots to fly them
(DBN)

Southwest Boosts Minimum Wage to $15, Sets Raises for 7,000-Plus
(DBN)

Boeing’s Updated 777 Hit With New Safety Concerns From FAA
(DBN)

Man jumps from moving plane at Los Angeles airport
(DBN)

Have COVID vaccine, will travel: These are the countries open to fully vaccinated Americans
(DBN)

Seven-member panel to manage day-to-day operations of Jet Airways under resolution plan
(DBN)

Kenya Airways Seeks State Takeover of Government-Guaranteed Debt
(DBN)

____________

Climate:

Portland and Seattle shatter records amid historic heat wave • Pacific Northwest suffers through blistering temperatures • ‘Not fun’: Northwest heat wave builds, all-time records fall • Pacific Northwest heat dome roasts more than 25M • Northwest "heat dome" signals global warming's march • "Historic" Northwest heat wave shatters records, poses health risks
(DBN)

Drought woes in dry US West raise July 4 fireworks fears • West's Megadrought Worries Experts
(DBN)

Rattlesnakes everywhere: the odd consequences of California’s drought
(DBN)

Ron Desantis Signs a Bill That Mandates Cities Keep Using Fossil Fuels
(DBN)

Earth Trapping Twice the Heat as It Did in '05
(DBN)

____________

Sovereigns:

Antique Chinese Debt - The Latest
(DBN)

Crisis deferred? Argentina's Paris Club deal trims IMF default risk
(DBN)

____________

UK:

Two UK Commercial Real Estate Funds Shut Permanently, Investors Trapped, as Sector-Wide Exodus Intensifies
(DBN)

England opens walk-in vaccination sites as the U.K. grapples with a Delta-driven spike in cases.
(DBN)

British health secretary quits after photo of kiss with aide, breaking social distancing rules • A forced confession, a shocking revelation and an inevitable resignation – how Hancock affair unfolded • Fury at Matt Hancock £16,000 payout after his Covid rule-breaking clinch
(DBN)

U.K.’s Javid Says His Priority is to Get Country Back to Normal
(DBN)

U.K. Faces Food Shortages as Worker Scarcity Gets Worse
(DBN)

U.K.’s Test of Large Events Shows No Substantial Virus Outbreaks
(DBN)

____________

EU:

Covid-19 updates: Merkel warns Europe is ‘on thin ice’ as concerns about delta variant grow
(DBN)

Delta Variant Threatens to Destroy Another European Summer
(DBN)

____________

Canada:

Dozens of Sudbury and Northern Ontario firms taking a financial hit because of Laurentian University
(DBN)

As border reopening date remains uncertain, small Washington and Idaho border towns are 'at the end of their rope'
(DBN)

____________

Bangkok:

Bangkok, 9 provinces restrict movements to curb rising cases
(DBN)

____________

Mexico:

Disappearances rise on Mexico’s ‘highway of death’ to border
(DBN)

____________

Finland:

Finland sees spike in virus cases from returning soccer fans
(DBN)

____________

Uganda:

As virus surges in Uganda, hospitals accused of profiteering
(DBN)

____________

Australia:

Sydney enters full lockdown to fight Delta variant • Sydney Braced for Rising Virus Cases Amid Delta Strain Outbreak
(DBN)

Australian government holds COVID emergency talks
(DBN)

____________

Thailand:

Thailand to reimpose coronavirus curbs to contain outbreak
(DBN)

____________

Seychelles:

Seychelles Extends Virus Curbs Indefinitely as Outbreak Rages
(DBN)

____________

Turkey:

Significant Amendments to the Enforcement and Bankruptcy Law
(DBN)

____________

Greece:

Greece, Tourism Havens Under Fire From EU Leaders Over Vaccines
(DBN)

____________

Brazil:

Bankrupt Brazilian miner Samarco plans $2bn capital raise
(DBN)

____________

South Africa:

South Africa Bans Alcohol, Closes Schools to Curb Virus Surge • S. Africa Faces New Lockdown Curbs as Delta Variant Spreads
(DBN)

South African Business Groups Oppose Hard Lockdown, Times Says
(DBN)

Hospitals in South Africa Hub Face Being Overrun by Covid Surge
(DBN)

____________

India:

Has bankruptcy law failed homebuyers?
(DBN)

A $27 billion pile of debt looms over India’s new bad bank
(DBN)

Covid effect: A four-point plan likely for bankruptcy professionals
(DBN)

Jury is still out on whether bankrupt companies be allowed to trade on bourses
(DBN)

____________

Singapore:

Singapore Court of Appeal clarifies test for determining company's inability to pay debts and right to appeal winding up
(DBN)

____________

Malaysia:

Malaysia to Extend Lockdown, Boost Covid Aid
(DBN)

____________

China:

China’s Industrial Profits Grow at Slower Pace as Costs Rise
(DBN)

____________

South Korea:

SsangYong's heavy restructuring wooing potential investors
(DBN)

____________

MENA:

Biden orders U.S. airstrikes on Iran-backed militias in Iraq and Syria
(DBN)

Israeli ambassador to United States resigns
(DBN)

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