Daily Bankruptcy News

June 7, 2021

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	Law: Biglaw Firm Introduces New Lockstep Salary And Bonus Scale -- But Not Everyone Is Happy About It (DBN) Nixon Peabody, Loeb & Loeb Detail New Office Reopening Plans (DBN) Who's Counting? Law Firms Split on Specifying Days for Return to Office (DBN) Firms That Fell Out Of The Biglaw Ranking in 2020 (DBN) Legal industry gains 1,700 jobs in May (DBN) Akin Gump Says It Can't Rep Bouchard Owners In Co.'s Ch. 11 (DBN) A Letter To Incoming Associates (DBN) Say Bye-Bye To The Online Bar Exam (DBN) Jerk Lawyer Rips Into Law Student, Embarrasses Self (DBN) Lawyer Finds It VERY Expensive To Flip The Bird (DBN) Lawyer Fined for Lies, Must Spread Word About Court Rebuke (DBN) DOJ Tells Court Plaintiffs' Baby Died So Fast, It's Not Like They Got Too Attached (DBN) Delegate $10 Per Hour Tasks At Your Small Firm (DBN) FBI’s Wray reveals scope of ransomware investigations • Ransomware attacks are closing schools, delaying chemotherapy and derailing everyday life • U.S. government raises alarm on ransomware threat as intensifying cyberattacks expose vulnerabilities • Technological, Legal Hurdles Hinder U.S. Response To Ransomware Gangs • CEOs need to prepare now for huge increase in ransomware attacks, DOJ official says • How Ransomware Impacts Everyone • As cyberattacks rise, organizations brace for devastating quantum hacks (DBN) Mike Lindell's lawyer has left his law firm, after being accused of filing a lawsuit against Smartmatic and Dominion without authorization • Barnes & Thornburg Partner From Loony MyPillow Suit 'No Longer With The Firm' • MyPillow CEO Lindell’s Lawyer Out at Barnes & Thornburg After Suit • Law Firm Dumps Mike Lindell as Client, Severs Ties with Attorney Less Than One Day After Lawsuit Against Dominion, Smartmatic • MyPillow CEO Mike Lindell Skewered for 'Craptastic' Lawsuit Against Dominion and Smartmatic That Alleges 'Ghosts in the Machines' • MyPillow Guy Sues Dominion For ... Defamatory RICO??? (DBN) Rudy Giuliani Agrees to Have the Same Special Master That Michael Cohen Did for Attorney-Client Privilege Review • Judge appoints watchdog to review material seized in Giuliani criminal probe (DBN) Congress finally gets its McGahn testimony • Don McGahn, former Trump White House attorney, 'was clearly distressed' by ex-president's behavior, top Democrat says after congressional testimony • Former White House counsel McGahn tells House panel about Trump's bid to undermine Mueller probe (DBN) U.S. Waged Secret Legal Battle to Obtain Emails of 4 Times Reporters • Justice Dept. says it'll no longer seize reporters' records • Amid controversy, Justice Department says it won't seek to compel journalists to give up source information (DBN) Trump's chief of staff pushed Justice Department to investigate baseless election fraud claims (DBN) Police Chase RV Through Suburban Streets and Across Several Backyards (DBN) Man Sentenced to 30 Years in Prison for Beating Wife to Death on Cruise Ship After She Asked for Divorce (DBN) Court Ends Calif. Assault Weapons Ban • California's assault weapons ban overturned as federal judge compares AR-15 to a Swiss Army knife • Federal Judge Roger Benitez Says 'Assault Weapons' Are 'Anti-Crime Guns' That Are 'Perfect' As 'Militia Service' Weapons (DBN) Harris heads to Guatemala, Mexico to address migration and manage expectations for quick results • Harris' first foreign trip as VP hits a snag (DBN) Ghislaine Maxwell Loses Bid to Obtain Teenage Diary of Prominent Jeffrey Epstein Victim (DBN) FBI subpoenas info on readers of news story on slain agents • FBI Drops Demand for Readers of News Story (DBN) Inside the Statutory Rape Conviction and Domestic Violence History of the Accused U.S. Capitol Rioter Who Taunted Cops as ‘Protecting Pedophiles’ • Officer Assaulted on Jan. 6 Urges Judge to Keep Alleged Attacker in Jail: 'No More Women Should Have to Fear Injury at His Hands' • This Accused Capitol Rioter Beat His Pregnant Girlfriend and Threw Her Into a Canal • Far-right troll charged in Capitol riots avoids house arrest • Putin questions U.S. prosecution of Capitol rioters, saying mob carried only 'political requests' • She once sang at Carnegie Hall. Now she's charged with attacking police with a flagpole in the Capitol riots •Capitol riot attendee argued she was allowed inside the building on January 6 because she looked up the hours online and it said it was open • Notorious MAGA rioter faces stricter pre-trial conditions after threatening a friend in front of cops • Woman Who Wanted To ‘Find Me A Proud Boy’ Arrested In Connection With Capitol Riot • Accused Capitol rioter who yelled at police for 'protecting pedophiles' served jail time for statutory rape of a 14-year-old girl, report says (DBN) Police say 23 arrested during clashes over NYC park curfew • Long Hot Summer Looms As Violence Erupts In New York, Minneapolis And Portland (DBN) Another Miami Shooting: 3 Dead, 6 Wounded (DBN) In New York, a 7-year-old is arrested for rape; should the age for juvenile prosecutions be raised? (DBN) Man Sues After Field Drug Test Says His Daughter's Ashes Are Meth And Ecstasy (DBN) Police: sugar worker, 86, fatally shoots boss after firing (DBN) Woman Filmed Herself Posing as 13-Year-Old Daughter in School, Called It a 'Social Experiment' (DBN) Man Accused of Throwing Baby at Sheriff's Deputy in Effort to Evade Arrest After High-Speed Chase (DBN) High court asked to review men-only draft registration law (DBN) A freshman was 'hazed to death,' his family says. 15 former fraternity members now face charges. (DBN) ______________ Judges: BK DE: Sixth Amended Order Governing the Conduct of Hearings Due to Coronavirus Disease 2019 (DBN) Former Philadelphia Family Court Judge Suspended for 'Blatant and Inexcusable' Conduct That Wreaked 'Havoc' on Litigants (DBN) Judge gets 6-month suspension, partly for misusing her contempt power (DBN) Cool or Cringe? Judicial Pop Culture References Rankle Some Lawyers (DBN) ______________ Wall Street: S&P 500 futures fall slightly to start the week as the benchmark sits inches from a record (DBN) AMC’s dot-com-on-steroids week ends with more dizzying gyrations (DBN) AMC Drama Is Exposing Risks in $11 Trillion World of Indexing (DBN) ______________ Layoffs: California will allow GM-backed Cruise to transport passengers in driverless test vehicles (DBN) General Mills tells employees 700 to 800 job cuts are expected in U.S. and Canada (DBN) ______________ Student Debt: A Federal College Loan Program Can Trap Parents in Debt (DBN) Frozen But Not Forgiven, U.S. Student Loans Are Coming Due Again Soon (DBN) ____________ Autos: The Wheels are Coming Off Tesla (DBN) GM Claims Microchip Shortage is Easing (DBN) ____________ Broadway: The play ‘The Lehman Trilogy’ plots its Broadway return (DBN) ____________ Cruise Lines: Royal Caribbean just announced a flood of summer cruises. Vaccinations are optional. • Royal Caribbean reverses vaccination mandate for passengers on cruises departing from ports in Florida and Texas as tension over vaccine passports intensifies (DBN) Venice Protests as Cruise Ships Return (DBN) ____________ Politics: JPMorgan freezes donations to GOP-ers who contested election (DBN) Republicans dive into politically fraught push for Covid's origin story (DBN) Before violent Oregon Capitol breach, GOP lawmaker coached people on how to slip in, video shows (DBN) The Pre-Trump GOP Will Not Return (DBN) Trump said the GOP will take back the White House 'sooner than you think' amid reports he believes he will be 'reinstated' in August (DBN) ‘We like the job she’s doing’: Georgia GOP rallies around MTG (DBN) Trump is interested in running for House seat in 2022 in a bid to become Speaker and launch an impeachment inquiry against Biden (DBN) Walmart, McDonald's, and Amazon are among companies celebrating Pride after donating hundreds of thousands of dollars to politicians who voted against the Equality Act (DBN) Ted Cruz wins FEC lawsuit over $10K campaign loan - 1st Amendment (DBN) Trump called Arizona Senate president to thank her 'for pushing to prove any fraud' in audit, emails show • GOP Arizona Senate President Admitted In Email That She Didn't Believe Audit Would Uncover Widespread Fraud (DBN) Trump endorses North Carolina's Rep. Ted Budd for Senate after Lara Trump declines to run (DBN) Trump's grievances cloud Republican agenda heading into 2022 (DBN) Trump disputes that the US is a 50-50 nation, says he 'can't believe' that some states are blue (DBN) Foreign trips, softball games and full offices: Signs of normalcy return to Capitol Hill as pandemic wanes (DBN) Socialists, Proud Boys, and anti-maskers: The political establishment struggles to keep up in Nevada (DBN) Manchin says he will vote against Democrats’ sweeping voting rights bill • Manchin’s opposition clouds future of Dems’ elections bill (DBN) The Frightening New Republican Consensus (DBN) Trump Returns To The Campaign Trail With Election Lies And Dark Warnings (DBN) Democratic Report Raises 2022 Alarms on Messaging and Voter Outreach (DBN) Tensions Rise in Memphis as Slave Trader’s Remains Are Removed (DBN) ____________
	Economy: U.S. adds modest 559,000 jobs, a sign of more hiring struggles • U.S. economy adds 559,000 jobs in May as recovery shows signs of strength • Jobs report fuels partisan fighting over White House economic agenda, infrastructure • Hiring Up, but Pace of Recovery Disappoints • Job Creation is Up, but Below Expectations (DBN) US labor market heated up in May as jobs grew and wages soared (DBN) World Bank: Critical measures needed to return women to workforce post-Covid (DBN) US businesses struggle to fill jobs even as hiring picks up (DBN) Workers gain upper hand for first time in a generation (DBN) US economy: Plenty of growth, not enough workers or supplies (DBN) US economy 'roughly' at pre-pandemic levels as America winning war with COVID: Bank of America CEO (DBN) Restaurants turn to on-demand hiring apps during the labor squeeze (DBN) This is the best year in decades for teens to get summer jobs (DBN) Yellen says inflation could reach 3% this year as recovery continues • Yellen says higher interest rates would be 'plus' for U.S. (DBN) A $4,749 Bike Hints at Inflation Peril Looming for U.S. Economy (DBN) Biden says it 'makes sense' for enhanced jobless aid to end in September (DBN) May's job report shows hard-hit industries are still below pre-pandemic employment (DBN) Workers are 'rage quitting' their jobs as a tightening labor market forces employers to take note of unfavorable conditions and low pay (DBN) Americans reemerge after pandemic isolation: 'Like the end of prohibition' (DBN) May jobs report to frame debate on Biden's spending plans (DBN) U.S. unemployment rate falls to 5.8%, a new pandemic low (DBN) Biden Rejects GOP Infrastructure Offer • Talks set to continue next week • ‘Perplexing’: Granholm slams Senate Republicans’ infrastructure position • Manchin "confident" in infrastructure package compromise (DBN) FactCheck: No, the American Rescue Plan does not cost more than World War II (DBN) G-7 countries reach agreement on 15% minimum global tax rate • Finance Leaders Reach Global Tax Deal Aimed at Ending Profit Shifting • ‘The beginning of a long road’: Experts say global tax reform will take years (DBN) Wall Street Fears a Global Tax Deal (DBN) These charts show the highest and lowest corporate tax rates around the world (DBN) USDA sending $1B in funding to country's food bank networks (DBN) Biden's budget boosts feds and sidesteps civil service reform backed by Trump, Obama for now (DBN) Covid pushed millions worldwide from the middle class to poverty. One man is trying to work his way back. (DBN) US Debt Clock (DBN) World Debt Clock (DBN) How People Really Live (DBN) ______________ Real Estate: Fears of a foreclosure crisis are waning (DBN) The Effect of Principal Reduction on Household Distress: Evidence from Mortgage Cramdown (DBN) 50 Housing Markets That Are Turning Ugly (DBN) In Less Than a Decade, You Won’t Be Able To Afford a Home in These Cities (DBN) ‘Property Brothers’ Lawsuit Reveals How Much It Cost Homeowners To Appear On The Show - $193,000 (DBN) Bargain hunters pounce as Trump condo prices hit decade lows (DBN) As offices open back up, not all tech companies are sold on a remote future (DBN) Apple employees push back against returning to the office in internal letter (DBN) Fact-check: Does Texas have 'some of the highest property taxes in the nation'? (DBN) ____________ Municipalities: States rebound from bleak forecasts to pass record budgets (DBN) ____________ Oil/Gas: Big Oil takes a hit in oil country (DBN) How bankruptcy lets oil and gas companies evade cleanup rules (DBN) Who Got Rich in US Oil Boomtown (DBN) ____________ Sports: NFL expected to keep locker rooms closed as sports reporters push for a return to access (DBN) Heartbroken Jon Rahm is ejected from the Memorial Tournament moments after finishing his last round with a 6 shot lead because he tested positive for Covid (DBN) ____________ Movie Theaters: AMC Executives Take Home Millions by Cashing In on Share Surge (DBN) AMC Just Made a Brilliant Move (DBN) AMC worth about half its skyrocketing stock price, says retail investor Trey Collins (DBN) AMC Gains Premarket as New Meme-Stock Favorite Returns to Form (DBN) ____________ Healthcare: Corporate Financial Frictions and Employee Mental Health (DBN) Some US hospitals mark first time being Covid-free. Others still see surge of patients (DBN) COVID wards are emptying out in South Florida. Doctors say it’s proof vaccines work (DBN) US Vaccination Rates Falling Off (DBN) Many long-haul COVID-19 patients report improvement after vaccination, surprising experts (DBN) Fauci says China should share the medical records of Wuhan lab staff who were ill in fall 2019: 'What did they get sick with?' (DBN) Trump demands China pay $10 trillion of 'reparations' to US for damage caused by COVID-19 (DBN) Fauci's Emails Don't Prove a Conspiracy • GOP aims to revive Fauci attacks after email trove released • Fauci’s 2,000 emails a day show how little U.S. officials knew in the early days of Covid pandemic • Chris Wallace tears into Corey Lewandowski: 'You're going to blame the president's inaction on Dr. Fauci?' • Trump and his allies try to rewrite, distort history of pandemic while casting Fauci as public enemy No. 1 • Fauci says Republicans' criticism over his leaked email is 'all nonsense' (DBN) Symptoms of High Functioning Depression (DBN) Record 31 million Americans have health-care coverage through Affordable Care Act, White House says (DBN) Rise in teenage Covid hospitalizations is reflection of new variants: Gottlieb (DBN) Judge assigned in Tulare hospital criminal case (DBN) Study finds wide variation in costs of thyroid cancer care (DBN) ____________ Ride Hailing: Why Uber Rides are Now Costing a Fortune (DBN) ____________ Tech: Facebook Bans Trump for Two Years • Five things to know about Facebook's Trump decision (DBN) France fines Google $267 million for abusing position in online advertising (DBN) ____________ Trucking: Keeping Your Truck on the Road: Examining Challenges Arising in Chapter 11 Trucking Cases (DBN) ____________ Religion: Newly leaked letter details allegations that Southern Baptist leaders mishandled sex abuse claims (DBN) Prominent German cardinal offers to resign, citing 'catastrophe' of sexual abuse (DBN) Pope voices ‘pain’ over Canadian deaths, doesn’t apologize (DBN) Wisconsin priest digs in to refuse bishop’s demand to resign (DBN) Vaccines push the question: Are you going back to church? (DBN) Corporations Code Saves Church Property (DBN) ____________ Fishing: Creditors acquiring China Fishery’s Peru assets after sale process fizzles (DBN) ____________ Event Facilities: As Grants For Shuttered Venues Trickle Out, Many Owners Are Still Waiting (DBN) ____________ Pharma: Mass. AG: Sackler plan too little, too late (DBN) AG objects to time limits in opioid manufacturer's bankruptcy (DBN) ____________
	New Bankruptcy Opinions (6 new opinions today - DBN) Bankruptcy Court Web/Pacer Site Directory Recent Ch. 11 Filings (51 new filings today) (DBN) Recent Ch. 11 Adversary Proceeding Filings (5 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: May Commercial Chapter 11s Decreased 66 Percent over Last Year, Total Filings Down 13 Percent (DBN) Black People Are More Likely to File for Personal Bankruptcy, Choose Repayment Option (DBN) ______________ Miscellaneous: Week Ahead in Bankruptcy: June 7, 2021 (DBN) ____________ Proofs of Claim: New Bankruptcy Court Ruling on When a Creditor Can File a Late Proof of Claim (DBN) ____________ Cross-Border: The New Cross-Border Arrangement Between Hong Kong and Mainland China on Insolvency and Restructuring Matters – A Comparison with Chapter 15 of the United States Bankruptcy Code (DBN) ____________ Structured Dismissal: Great Atlantic & Pacific Tea Co. – Giving Structure to a Structured Dismissal (DBN) ____________ Aviation: United will require new employees to show proof of Covid vaccine (DBN) Airlines press U.S. on refusal to lift COVID-19 travel restrictions (DBN) Why you may want to use your airline points sooner rather than later (DBN) Vaccinated Europeans Book Holidays While Brits Decry U-Turn (DBN) Airbus CEO says business travel will return almost to pre-pandemic levels because people want to fly again (DBN) Videos show a woman kicking, spitting at, and pulling the hair of airline passengers after being called out for not wearing a mask (DBN) Attempted Hijack of Delta Flight From LAX (DBN) Groundhog Day for Garuda’s creditors • Garuda Indonesia to seek debt payment suspension: government • Garuda Indonesia says to return two Boeing jets to lessor (DBN) The Examinership of Norwegian Air (DBN) Ryanair to appeal against state funds injected into new Alitalia (DBN) Mexico's Interjet eyes deal with creditors within a year (DBN) Murky path towards post-pandemic recovery for some Southeast Asian airlines (DBN) ____________ Construction: SoftBank-backed construction firm Katerra files for bankruptcy protection in U.S • SoftBank-backed Katerra files for bankruptcy in US with billions in debt (DBN) ____________ Food/Beverage: Restaurants Need a Bigger Menu of Government Aid (DBN) ____________ Non-Profits: 'We Were Victorious': New York Attorney General Letitia James Slams NRA After Group Drops Lawsuit Against Her • NRA drops federal suit against NY to focus on state case • NRA to defend against NY attorney general in Manhattan, drops own lawsuit (DBN) ____________ Crypto: Elon Musk Bails on Bitcoin (DBN) ____________ Climate: What lurks beneath: A new answer to more intense storms (DBN) An enormous missing contribution to global warming may have been right under our feet (DBN) Hoover Dam, a symbol of the modern West, faces an epic water shortage (DBN) ____________ Education: GA state board of education drafted a resolution restricting classroom discussion of racism (DBN) Tom Hanks: Stop Whitewashing History (DBN) In the war for VMI's future, some powerful alumni resist change while others demand it (DBN) CDC director urges parents to vaccinate teens, pointing to increase in severe cases (DBN) Washington and Lee University to keep its name, despite calls to drop reference to Confederate leader (DBN) Another COVID side effect: Many kids head to summer school • Families opting for summer school as nation re-opens (DBN) College towns felt ignored by universities and resented the students. Then COVID-19 hit. (DBN) ____________ Sovereigns: Belize creditors reject govt proposal until talks are held (DBN) Credit downgrade buffer proposed for poor nations seeking debt help -study (DBN) ____________ UK: Covid cases rise 46 per cent week-on-week (DBN) U.K. Businesses Raise Fears of Future Lockdowns as Cases Rise (DBN) Covid: UK hits 40 million first vaccine doses, but expert warns full reopening on 21 June is ‘major risk’ (DBN) Low hospital admissions key to ‘tricky’ decision on lifting Covid restrictions on 21 June, Matt Hancock says (DBN) ____________ Canada: Laurentian – Insolvency, mass firings and the erosion of multiculturalism • Coalition tells feds University of Sudbury should get French program money instead of Laurentian (DBN) Canada is buying too much house (DBN) ____________ Italy: Suddenly, the lines of tourists return to Rome (DBN) ____________ France: France will open up to vaccinated American tourists starting next Wednesday (DBN) ____________ Israel: Netanyahu: Right-wing mouths won't be silenced • Israel's security issues rare warning over Jan. 6-style mob violence ahead of Netanyahu departure (DBN) Israel arrests Jerusalem activists in contested neighborhood (DBN) Biden weighing former Israel ambassador for Middle East envoy (DBN) ____________ Singapore: Hyflux files for liquidation after failed investor talks (DBN) ____________ Dubai: Dubai Reit faces fight ahead of Islamic bond restructuring vote (DBN) ____________ India: Delayed Submission Of Claim By Operational Creditor In Liquidation Process (DBN) ____________ China: Troubled conglomerate HNA’s creditors meet for the first time (DBN) HNA Group faces US$187 billion in claims from 67,400 creditors, according to bankrupt conglomerate’s online meeting (DBN) China pushes Huarong to sell non-core units, mulls implicit support (DBN) Major Chinese city battles Delta Covid variant with lockdowns and mass testing (DBN) ____________ Greece: Strong interest for debt payment scheme (DBN) ____________ Sweden: No-lockdown Sweden broke with most of the world and didn't require face masks. Those who wear them say they're treated with suspicion and abuse. (DBN) ____________

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Law:

Judges:

Wall Street:

Layoffs:

Student Debt:

Autos:

Broadway:

Cruise Lines:

Politics:

Economy:

Real Estate:

Municipalities:

Oil/Gas:

Sports:

Movie Theaters:

Healthcare:

Ride Hailing:

Tech:

Trucking:

Religion:

Fishing:

Event Facilities:

Pharma:

Bankruptcy Jobs:

Bankruptcy Statistics:

Miscellaneous:

Proofs of Claim:

Cross-Border:

Structured Dismissal:

Aviation:

Construction:

Food/Beverage:

Non-Profits:

Crypto:

Climate:

Education:

Sovereigns:

UK:

Canada:

Italy:

France:

Israel:

Singapore:

Dubai:

India:

China:

Greece:

Sweden: