June 3, 2021

The Daily Bankruptcy News

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Law:

Biglaw Getting A Helping Hand From The Federal Government
(DBN)

No T14 Degree? No Peer Firm Work? No Problem! Biglaw Firms Change Hiring Criteria In 'White-Hot Market'
(DBN)

Meet the Professor Big Law Hires to Collect Nine-Figure Fees
(DBN)

Law professors aim to show value of diversity in new study
(DBN)

Biglaw Associates Should Interact With Clients More
(DBN)

The Future of the Big Law Office Is Now, Thanks to Covid-19
(DBN)

Los Angeles entertainment lawyer launches singing career at 92
(DBN)

Lawyer suspended for 90 days after making false claims about judge
(DBN)

Appeals court confirms bribery convictions of lawyer, coal company executive
(DBN)

Whether Future Law Students Should Take The Deferral Option Instead Of Joining An Overpacked Class
(DBN)

Six Ways to Make Your First Legal Memo Stand Out
(DBN)

Top Legal Research Fundamentals for Summer Associates
(DBN)

New Lawyers Share Tips for Acing It as a Summer Associate
(DBN)

Stanford Is Investigating a Law Student Who Mocked the Federalist Society
(DBN)

Charges after US Capitol insurrection roil far-right groups Justice Department secures 2nd guilty plea stemming from Capitol riot Florida Man Pictured Wearing Trump Shirt, Carrying Trump Flag Inside Capitol on Jan. 6 Pleads Guilty to Most Serious Federal Charge Against Him Florida Woman Assaulted U.S. Capitol Sergeant With a Flagpole and Threatened Nancy Pelosi on Jan. 6th, Feds Say 'Zip-Tie Guy' and His Mother Now Face More Than Twice as Many Charges in Capitol Siege Case, Including for Bringing a Taser to Congress
(DBN)

Federal Investigators Eye Rudy Giuliani’s Security Firm as Probe Ramps Up Rudy Giuliani rages at 'anti-American' prosecutors: It's 'unconstitutional' to investigate Trump
(DBN)

Eric Trump Whines About Avalanche Of Trump Subpoenas, Confirming Multiple Investigations Pending
(DBN)

Mueller to help teach university course on Mueller investigation
(DBN)

To build a crowd for a pro-Trump rally, Nevada GOP consultant sought help from Proud Boys
(DBN)

No One’s Where They Expected To Be
(DBN)

Arizona Prosecutor’s Misconduct Can Disqualify Entire Office
(DBN)

County DA Allegedly Forbade Offering Plea Deals to Clients of Black Attorney Who Called His Office ‘Systematically Racist’
(DBN)

14-Year-Old Girl and 12-Year-Old Boy with ‘Severe’ Diabetes Used Shotgun and AK-47 in ‘Bonnie and Clyde’ Type Shootout with Deputies: Sheriff
(DBN)

Regulators are trying to get Elon Musk to run his tweets by lawyers. It’s not working.
(DBN)

Latinos are disproportionately killed by police but often left out of the debate about brutality, some advocates say
(DBN)

Florida man took his son on paintball 'drive by,' police said. The boy, 10, ended up shot with a real gun.
(DBN)

Black Army Veteran Faces Murder Charges After Shooting, Killing White Intruder at His Oklahoma Business
(DBN)

Most Americans Favor the Death Penalty Despite Concerns About Its Administration
(DBN)

Chauvin makes appearance on federal charges in Floyd’s death Convicted Murderer Derek Chauvin Says He Should Get Probation Instead of Prison Because the System Is ‘Broken’
(DBN)

Tulsa Race Massacre Victims See ‘Nuisance’ Suit as Justice Route
(DBN)

Ex-Cop Pleads Guilty to Lying About Botched, Fatal Raid That Resulted in Houston Police Killing 2 People
(DBN)

Harris to Meet With Leaders of Mexico, Guatemala Next Week
(DBN)

Under Biden, crossing the U.S. border has become like a lottery. Timing is everything.
(DBN)

US Companies Are Helping Mexican Cartels Get Rich Kidnapping Migrants
(DBN)

What’s behind the anti-Semitism surge in the US
(DBN)

Chaos erupts in Florida after 12-year-old and 14-year-old steal high-powered weapons and open fire on deputies?
(DBN)

This Valedictorian Teen’s Defiant Speech About Abortion at Her Graduation Is Going Viral
(DBN)

Trump DOJ Got NYT Reporters' Phone Records
(DBN)

Texas mom accidentally shoots her own child while firing gunshots at roaming puppy
(DBN)

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Judges:

Obit: Judge Jerry A. Brown
(DBN)

Judge resigns after facing multiple misconduct charges over courtroom outbursts
(DBN)

Deep Sigh: No, Amy Coney Barrett Has Not Been Arrested
(DBN)

9th Circuit Judge Tries To Be Funny, Fails
(DBN)

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Wall Street:

Stock futures fall as S&P 500 struggles to reach new record, AMC shares whipsaw
(DBN)

Hedge Funds Boost Short Bets, Escalating Retail-Trader Showdown
(DBN)

AMC Is the New King of Meme Stocks, With a 3,000% Gain This Year
(DBN)

The Mystery of the $113 Mill?on Deli
(DBN)

Bed Bath & Beyond shares surge about 50%, buoyed by meme stock mania, product news
(DBN)

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Education:

Worried parents are left to navigate maskless mayhem
(DBN)

Schools across U.S. plagued with 'Third World' issues, experts and local officials say
(DBN)

Accreditor of Defunct Colleges Draws Closer to Biden Termination
(DBN)

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Climate:

Bank of France Steps Up Call for Disclosure of Climate Risks
(DBN)

Maersk Seeks $150-a-Ton Carbon Tax on Shipping Fuel
(DBN)

Drought Ravages California Lakes
(DBN)

CA: 10% of Giant Sequoias Killed by Fire
(DBN)

Study: Warming driving rapid oxygen losses in lakes in U.S. and across globe
(DBN)

Foreign Firms Sucking “Virtual” Water From America’s Parched Southwest
(DBN)

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Summer Camps:

Summer Camps Reopen to a Stampede of Stressed-Out U.S. Parents
(DBN)


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Transit:

The M.T.A. Is Breached by Hackers as Cyberattacks Surge
(DBN)

Mass. Steamship Authority Hit by Ransomware Attack; Ferries Delayed
(DBN)

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Pharma:

Sackler Family Empire Poised To Win Immunity From Opioid Lawsuits
(DBN)

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Politics:

Video indicates how GOP leader McCarthy, pollster Luntz mixed friendship and business
(DBN)

Pressure mounts on Manchin over voting rights
(DBN)

Biden pushes for US voting rights law as restrictions mount
(DBN)

Texas GOP to revive voting bill, Democrats plot next move
(DBN)

Trump has permanently deleted his blog Donald Trump’s new blog lasted less than a month Trump reportedly deleted his blog because he was upset people were mocking it and it had such a small audience
(DBN)

Observers of the Arizona audit say they were mocked over shirt color and witnessed software malfunctions, security violations, and personnel issues with the controversial GOP-led ballot count
(DBN)

Why you should blame the Supreme Court for Texas' voter suppression bill
(DBN)

QAnon Has a Disturbing Takeover Plot to ‘Eliminate’ Elected Officials
(DBN)

If You're Shocked by Michael Flynn's Call for a Coup, You Haven't Been Paying Attention Flynn Denies What Video Shows He Said
(DBN)

Gaetz Probed for Obstruction of Justice
(DBN)

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Economy:

BlackRock CEO Larry Fink Sees Potential for ‘Big Shock’ From Inflation
(DBN)

Fed survey sees faster growth despite supply-chain problems
(DBN)

Fed's Beige Book: "National economy expanded at a moderate pace"
(DBN)

Legendary investor Jeremy Grantham sees a housing bubble in almost every market - and says the Nasdaq and SPACs have likely peaked
(DBN)

Harker Says Fed Needs to Start Discussing Tapering Timeline
(DBN)

The Fed will start winding down a program that saved the economy
(DBN)

Uncertainty lingers, even as consumer confidence rebounds
(DBN)

The pandemic brought a slew of new government relief programs. Here's when they expire.
(DBN)

As the pandemic subsides, here comes the crisis
(DBN)

The Chamber of Commerce just sounded the alarm on America’s labor crisis - and it’s blaming a lack of qualified workers for a historically stark shortfall
(DBN)

The real reason employers can't hire enough workers
(DBN)

Jobs lost to the pandemic will take years to return, a labor organization says.
(DBN)

Companies facing inflation and can’t find enough workers, Fed report says
(DBN)

Americans Are Done With The 5-Day Office Work Week. Here's What That Means For The Economy
(DBN)

Global Economy Will Still Be 23 Million Jobs Short Next Year
(DBN)

Half of U.S. states to end Biden-backed pandemic unemployment early 3.7 million Americans set to lose unemployment benefits early as 25 states exit
(DBN)

Nearly 40% of workers would consider quitting if their bosses made them return to the office full-time, a new survey shows Employees are quitting instead of giving up working from home
(DBN)

Here’s one financial reason why employees want to work from home — and employers had a hand in it
(DBN)

Senate Ruling May Complicate Democrats’ Infrastructure Push
(DBN)

Biden, GOP senator meet as infrastructure deadline looms
(DBN)

Oh, Look, Another Doomed Proposal To Kill The Carried-Interest Loophole
(DBN)

Biden Targets a Tax Break That Helped Trump Build His Fortune
(DBN)

Stimulus checks spurred nearly 50% declines in pandemic-era food shortages and financial worries, study shows
(DBN)

Visualizing the Top Import Partners for Each U.S. State
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Luxury Home Sales Soar as U.S. Recovery Favors Wealthy Buyers
(DBN)

Housing boom may be cooling as weekly mortgage demand drops again
(DBN)

Hedge Funds Opt for Some Days of Remote Work—at Least for Now
(DBN)

Deutsche Bank Is Bringing U.S. Investment Bankers Back to Office
(DBN)

Millennials who snapped up homes in the hot real estate market reveal their biggest regrets, from unexpected costs to high mortgage payments
(DBN)

The $10 Billion Bright Spot In The Battered World Of Office Real Estate
(DBN)

Fortress files to foreclose on Toby Moskovits’ Bushwick hotel site
(DBN)

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Municipalities:

In Puerto Rico, private company takes over power utility service
(DBN)

18 of the Ugliest Cities in America
(DBN)

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Oil/Gas:

Permian Study Finds Overproduction Leading to More Methane Leaks
(DBN)Exxon Shakeup Shows Climate Activists' Boardroom Power
(DBN)

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Student Debt:

As graduates cheered, an HBCU president announced that their debt to the university was wiped away
(DBN)

NAACP president slams Biden's budget for failing to include student debt cancellation
(DBN)

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Distressed Investing:

Canyon’s Friedman Sees Distressed Funds Feasting on SPAC Remains
(DBN)

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Movie Theaters:

Rethinking Movie Theaters Amid Blockbuster Challenges
(DBN)

AMC surges 126% as Reddit cheerleaders overpower large hedge-fund share sale AMC shares double in value in single day AMC frenzy triggers trading halts as stock surges 100 percent AMC to give retail investors free popcorn, other perks
(DBN)

Meme Stock Craze Reaches New Heights as AMC Keeps Surging
(DBN)

AMC files to sell 11 million shares — stock immediately gives up big gain
(DBN)

Dad's AMC stock gift to sons balloons in value
(DBN)

Mudrick may have missed out on more than $300 million by dumping AMC a day early
(DBN)

AMC CEO Adam Aron’s wealth soared by more than $200 million from meme rally
(DBN)

2 reasons why Imax and Cinemark were downgraded to 'sell' by Goldman as movie theaters attempt a comeback
(DBN)

Movie theaters came back with a vengeance. But will the good times last?
(DBN)

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Trucking:

Trucking companies are reaping the rewards of a retail boom, but industry analysts warn another ‘apocalyptic’ bankruptcy wave could be on the way
(DBN)

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Mass Torts:

Cyprus Mines insurers urge judge to bring in new voice for future talc claimants
(DBN)


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Healthcare:

Avadim Health will sell assets, file for Chapter 11 bankruptcy Avadim Health files for Chapter 11 and agrees ‘stalking horse’ sale New Chapter 11 Bankruptcy Filing - Avadim Health Inc.
(DBN)

New Mercy Hospital owner vows full service until 2029 Chicago’s Mercy Hospital to Get $50 Million From New Owner
(DBN)

This Ominous Warning From Moderna Could Shake Up the COVID Vaccine Market
(DBN)

The 6 reasons Americans aren’t getting vaccinated
(DBN)

Biden Renews Vaccination Push to Counter Faltering U.S. Demand
(DBN)

White House just announced a ton of incentives companies are offering Americans who get vaccinated against COVID-19, including free beer for everyone over 21 Facing his July 4 vaccination deadline, Biden touts a major campaign, including free child care through big providers.
(DBN)

Guns, trucks and cash: West Virginia takes vaccine incentives to new levels
(DBN)

The pandemic is getting worse, even when it seems like it's getting better
(DBN)

COVID-19 cases rising again, says Americas health agency, but not in North America
(DBN)

Delta variant first found in India spreads to 62 countries, WHO says
(DBN)

Americans are celebrating steps toward normalcy. But the real test of Covid-19 progress is 2 weeks away, expert says
(DBN)

Right-wing pastor gets Covid after saying vaccines were part of 'mass death campaign'
(DBN)

How Amateur Sleuths Broke the Wuhan Lab Story and Embarrassed the Media
(DBN)


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New Bankruptcy Opinions
(9 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (9 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (4 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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Sovereign Immunity:

Blurred Immunity: California Cannot Escape Adversary Proceeding on Grounds of Sovereign Immunity
(DBN)

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Advisors:

The Role of Restructuring Advisors in Refinancing Transactions
(DBN)

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Mediation:

The Role of “Trust” in Mediation
(DBN)

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Rail:

First Circuit Halts Wrongful Death Suit Brought by Families of Train Disaster
(DBN)

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Aviation:

Summer rush: Vaccine drive bring hope to US airlines
(DBN)

Southwest attendant told Muslim woman she’d ‘bring whole plane down’: report
(DBN)

Nordic Aviation Lenders Seek Exit Ahead of Debt Freeze Deadline
(DBN)

Airbus Set to Report Uptick in Deliveries for Month of May
(DBN)

In tit-for-tat move, Germany blocks Russian airlines
(DBN)

Garuda Indonesia to seek suspension of debt payments to avoid bankruptcy
(DBN)

Bulgarian Airways Group's loss widens in Q1, revenue plummets
(DBN)

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Utilities:

Community Choice Aggregator Risks Highlighted by Bankruptcy
(DBN)

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Retailing:

From ‘Apocalypse’ to Pandemic: Retail in the Age of COVID and Beyond
(DBN)

Neiman Marcus Offers Lessons for Retail Restructuring in the COVID-19 Era
(DBN)

Taking Destiny into their Own Hands: Landlords Purchasing Distressed Retailers
(DBN)

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Tax:

Biden Plans To Build An Army Of IRS Agents, Send It After Large Corporations And The Wealthy
(DBN)

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Fraud:

Even after Madoff’s death, work to unwind epic fraud goes on
(DBN)

Former CEO of Make-A-Wish Iowa Pleads Guilty to Embezzling Money from the Charity
(DBN)

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Finance:

Gov. Jim Justice Sues Bank, Alleging It ‘Induced’ His Default On Hundreds Of Millions In Loans
(DBN)

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Banking:

The pandemic left many consumers financially stronger, slashing overdraft income for banks
(DBN)

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Religion:

Judge cuts fees in church bankruptcy case over violation of court orders
(DBN)

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Sports:

Yes. Tokyo Olympics are ‘a go’ despite opposition, pandemic
(DBN)

Japan’s vaccine push ahead of Olympics looks to be too late
(DBN)

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Sovereigns:

Buenos Aires Province creditors to review latest debt proposal
(DBN)

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UK:

UK Restructuring Plans May Become Preferred Retail Restructuring Process
(DBN)

U.K. Road Traffic Tops Pre-Covid Levels as Reopening Accelerates
(DBN)

UK hits vaccine milestone, warns of ‘deadly’ misinformation
(DBN)

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EU:

Recognition of Restructurings in Europe
(DBN)

Governments Can Keep Fiscal Stimulus Flowing, EU Commission Says
(DBN)

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Canada:

Politicians point fingers over Laurentian University insolvency Liberals surprised when Laurentian declared it was insolvent
(DBN)

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Portugal:

Portugal Lifts Rule on Working Remotely After Outbreak Eases
(DBN)

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Greece:

EU Paves the Way for $912 Million in Greek Debt Relief Measures
(DBN)

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Japan:

Remote Work Drives Japanese to Suburbs in Boost for Home Lender
(DBN)

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China:

Huarong Kept on Watch for Possible Downgrade by S&P
(DBN)

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Mexico:

On the Front Line of Mexico’s Forever War Against the Cartels
(DBN)

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Hong Kong:

Milestone In Hong Kong-Mainland China Cross Border Insolvency: Mutual Recognition Of And Assistance To Insolvency Proceedings Between Hong Kong And Mainland China.
(DBN)

Latest Developments Regarding Mainland/Hong Kong Cross-Border And Offshore Insolvency Proceedings.
(DBN)

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Brazil:

Sinovac vaccine restores a Brazilian city to near normal
(DBN)

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Lebanon:

Lebanon's Electricity Crisis Worsens
(DBN)

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South Korea:

Cash-strapped SsangYong submits self-rescue plan as it looks to bring investor on board
(DBN)

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Australia:

The ‘Constitutional Imperative’ – a bankrupt’s right to review a sequestration order
(DBN)

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