June 8, 2021

The Daily Bankruptcy News

View prior editions: Click Here
View prior case summaries: Click Here
Search prior headlines: Click Here
Search prior case summaries: Click Here

3-Column Formating

 

Law:

'Unsustainable': Unprecedented Workloads Are Taking a Toll on Corporate Teams
(DBN)

Lawyers Are Already Feeling The Pressure To Go Back To The Office
(DBN)

Arent Fox and Baker McKenzie Emphasize Individual Responsibility in Return to Office Policies
(DBN)

Biglaw Firm's Reopening Focuses On Flexibility, With No Minimum Number Of In-Office Work Days
(DBN)

Law School Overenrollment Is An Even Bigger Problem Than We Feared
(DBN)

More Law Firms Are Vetting Cases For Political Risks. But There's No Foolproof Solution
(DBN)

Google, Apple Lawyers Among Legal Chiefs Earning Eight Figures
(DBN)

Biglaw Firms -- Well, Some Of Them -- Are Raking In The Revenue
(DBN)

Attorneys of Color Reveal Alarmingly Higher Instances of Mental Health Struggles
(DBN)

University Of Miami Not Content Until EVERYONE At The Law School Hates Them
(DBN)

'Don’t Sugarcoat It': 10 Common Mistakes That Put Lawyers in the Hot Seat
(DBN)

District attorney backtracks after refusing to offer plea deals to lawyer who said prosecution office is racist
(DBN)

Following a DUI Arrest, Maine Defense Lawyer Banned From Representing Defendants
(DBN)

Interview with Jeff Cohen, Lowenstein Sandler
(DBN)

TV Lawyers: Not Suit-ed For The Real World
(DBN)

Supreme Court rules against immigrants in TPS who entered the U.S. illegally
(DBN)

Supreme Court declines to hear case challenging men-only draft
(DBN)

Internet sleuths launch online manhunt for Capitol rioters • Capitol Invader Pictured with QAnon Shirt Now Says He Was a 'Victim' of Conspiracy Theories Spawned by 'Very Clever People'
(DBN)

New report highlights severe intelligence failures on Jan. 6 • Senate report: Failure to relay intelligence permitted Jan. 6 attack
(DBN)

On Trump's Indictment: An Open Letter To The FBI
(DBN)

Stormy Daniels says her attorney is in contact with prosecutors investigating Trump Organization
(DBN)

Biden DOJ adopts Trump's liability stance in E. Jean Carroll defamation suit • Biden's DOJ defends Trump in E. Jean Carroll's defamation lawsuit • Biden Officials Back Trump’s Effort to Dodge Rape Accuser’s Suit
(DBN)

CNN obtains audio of 2019 Giuliani call linked to Ukraine meddling allegations
(DBN)

A Psychiatrist Invited to Yale Spoke of Fantasies of Shooting White People
(DBN)

Alabama Rep Mo Brooks Gets Served, Tweets Password, Declares Flawless Victory
(DBN)

Jails emptied in the pandemic. Should they stay that way?
(DBN)

Murphy Says He Will Close N.J. Prison Where Women Were Abused
(DBN)

Boston police commissioner ousted over domestic abuse claims
(DBN)

Hundreds arrested in FBI-led global crime sting using messaging app • Police Infiltration of Encrypted App Busts Global Crime Ring
(DBN)

Harris says leaders need to restore hope in Guatemala • Harris meets Guatemalan leader, steps seen to tackle human smuggling, graft • Harris Touts Urgency of Aid So Migrants Can See ‘Hope’ at Home • Guatemala’s prez blames Biden for border crisis as protesters tell Kamala Harris ‘Trump won’ • Harris Tells Migrants: Do Not Come to US
(DBN)

Immigration Laws Lag Behind as Record Number of Migrants Cross the Border • Illegal border crossings most in over decade — with four months to go
(DBN)

Texas Attorney General Admits Just How Bad Voting Is For The GOP
(DBN)

Colonial Pipeline CEO paid ransom to swiftly restart pipeline - testimony • U.S. recovers $2.3 million in bitcoin paid in the Colonial Pipeline ransom
(DBN)

U.S. takes two steps toward limiting gun violence: model legislation and rifle restrictions • DOJ Unveils ‘Red Flag’ Gun Law Proposal to Help Guide States
(DBN)

NYC’s de Blasio Backs Washington Square Curfew Amid Political Backlash
(DBN)

Motorcyclist Calmly Stopped at Gas Station and Stole Someone’s Gas While Fleeing Deputies
(DBN)

Judge Gives 15-Year-Old Girl Maximum Sentence for 'Unthinkable' Carjacking Murder of Uber Eats Driver Mohammad Anwar
(DBN)

Supreme Court Agrees to Hear Case on Robert Mueller-Led FBI’s Post-9/11 Secret Surveillance of Muslims
(DBN)

Arizona reportedly prepares gas chamber for execution by cyanide, the gas used at Auschwitz
(DBN)

Bureau of Prisons Allowed Four Inmates to Escape Through the Use of Dummies and Body Doubles: DOJ Inspector General
(DBN)

______________

Judges:

A judge's momentous gun-rights ruling comes with a side of coronavirus vaccine misinformation
(DBN)

Schumer recommending 2 voting rights lawyers to be judges
(DBN)

Judge who made racist comments on hot mic intends to retire
(DBN)

Supreme Court won’t hear challenge to male-only draft; Kavanaugh joins 2 liberal justices in statement on denial
(DBN)

______________

Wall Street:

Stock futures muted after Dow starts week lower
(DBN)

Dow falls more than 100 points to start the week, S&P 500 struggles to reach new high
(DBN)

As AMC Entertainment stock surges 20%, SEC says it’s watching memes for ‘disruptions of the market, manipulative trading, or other misconduct’
(DBN)

AMC insider selling picks up as meme stock rises amid retail wave
(DBN)

AMC’s Hertz Sequel Far More Successful Than The Original, Spawns Sequel Of Its Own
(DBN)

The ‘long squeeze’: Reddit crowd could be trapped by the share frenzy they created
(DBN)

______________

Layoffs:

Two Dallas-Fort Worth companies cutting over 200 jobs
(DBN)

______________

Labor:

Supreme Court Rejects Bid to Weaken Public-Sector Labor Unions
(DBN)

____________

Tech:

Covid Outbreak at Taiwan Factory May Worsen Chip Shortage
(DBN)

Goldman: Disruptions from the chip shortage should diminish in the months ahead
(DBN)

Chip shortage will pose a ‘daily challenge’ for next year, Commerce secretary says
(DBN)

____________

Food/Beverage:

The Parent Company of These 3 West Coast Restaurant Chains Has Filed For Bankruptcy
(DBN)

Parent Company of Daily Grill and Public School Files for Chapter 11 Bankruptcy
(DBN)

Burger King declares war on Chick-fil-A over LGBTQ+ rights and chicken sandwiches
(DBN)

____________

Student Debt:

Student-Loan Cliff Awaits More Than 40 Million Americans
(DBN)

____________

Religion:

Pastor Johnny Enlow Says Trump Support is Measure of One's Dedication to God
(DBN)

____________

Healthcare:

More than 300 million COVID vaccine shots administered in U.S.
(DBN)

June 7th COVID-19 New Cases, Vaccinations, Hospitalizations
(DBN)

Emergency room visits of all kinds dropped amid the pandemic
(DBN)

As immunized deadline approaches, unvaccinated Houston Methodist nurses plan walkout
(DBN)

COVID-19 Vaccine-Reluctant in U.S. Likely to Stay That Way
(DBN)

Less than half of Americans who don't plan to get vaccinated have worn a mask recently, according to a new survey
(DBN)

What the “Fauci Gate” emails tell us about Covid-19 and American politics
(DBN)

UnitedHealthcare changes ER coverage
(DBN)

People who wore masks were less likely to get sick
(DBN)

Why some experts want to probe whether the Covid-19 coronavirus escaped a Chinese lab
(DBN)

Scientist Who Warned Fauci COVID Could Be 'Engineered' Deletes Twitter Account
(DBN)

What we know about the highly infectious coronavirus delta variant • WHO Says Delta COVID Variant from India Spreading in Over 60 Countries
(DBN)

Rural-Urban Gap in U.S. Death Rates Tripled Even Before Pandemic
(DBN)

Biden, Johnson to Rally G-7 for Vaccine Push After U.S. Hoarding
(DBN)

___________

Economy:

The massive jobs shortage will keep stronger inflation temporary, Goldman Sachs says
(DBN)

Financial Times, New York Times, Bloomberg News websites down
(DBN)

Small Business Cries Foul as States Tax Their Federal Bailouts
(DBN)

Economy to Roar Back in Coming Year say Business Execs, AICPA Survey
(DBN)

Axios-Ipsos poll: America says goodbye to the pandemic
(DBN)

States will start halting federal unemployment benefits this week. Here’s where
(DBN)

Examining the uneven and hard-to-predict labor market recovery
(DBN)

Deutsche Bank warns of global ‘time bomb’ coming due to rising inflation
(DBN)

Seven High Frequency Indicators for the Economy
(DBN)

The Fed is in early stages of a campaign to prepare markets for tapering its asset purchases
(DBN)

From lapsing job benefits to full stadiums, June could be U.S. recovery's pivot
(DBN)

How Biden wants to make it harder for multinational corporations to avoid taxes
(DBN)

Paid leave is incredibly popular — even with Republicans
(DBN)

Levi's CEO says Amazon's '$20 an hour' wages are forcing the jeans maker to rethink worker pay amid the tight labor market
(DBN)

Some GOP governors cutting unemployment aid have ties to businesses that may benefit
(DBN)

An economic growth expert says 5% of government spending marked for large companies should be given to entrepreneurs to boost the economy
(DBN)

Bipartisan group prepping infrastructure plan as White House talks lag •Biden Talks With GOP Stall as Bipartisan Group Plans Alternative
(DBN)

Schumer, Pelosi Face New Pressure as Infrastructure Talks Stall
(DBN)

A fourth stimulus check? The White House now says Biden could be OK with that
(DBN)

Wall St dips as investors weigh G7 tax deal risk • Switzerland must adjust to remain business-friendly after G7 tax deal, experts say • Biden’s Minimum Foreign Tax a Tougher Sell in Congress After G-7
(DBN)

Anti-poverty groups criticize rich countries over G7 tax deal
(DBN)

Amazon to Be Covered by Global Tax Deal Despite Thin Margins
(DBN)

Symptoms of burnout could change with return to office—what to look out for
(DBN)

Cut Benefits to the Rich and Save $1 Trillion
(DBN)

The Perks of Working From Home
(DBN)

Biden administration announces plans to strengthen critical supply chains
(DBN)

These are the dates for the advanced child tax credit payments
(DBN)

Texas governor to sign bill banning vaccine passports
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

Black Knight Mortgage Monitor for April; Highest Annual Home Price Increase on Record
(DBN)

MBA Survey: "Share of Mortgage Loans in Forbearance Slightly Decreases to 4.16%"
(DBN)

Is there a housing bubble?
(DBN)

Northwest Real Estate in May: Sales up 57% YoY, Inventory down 47% YoY
(DBN)

May jobs report a mixed bag for housing industry
(DBN)

Housing Inventory June 7th Update: Inventory Increased Week-over-week
(DBN)

Global big banks plot back-to-office plans as vaccines roll out
(DBN)

Wall Street Sees 61% of Workers Returning to Office by September
(DBN)

Wall Street’s Palm Beach Foray Fuels Developer Rush for Offices
(DBN)

Lack of Homes for Sale Could Eventually Curb Affordability Constraints
(DBN)

Homebuying Sentiment Hits Another Low, Even as Incomes Rise
(DBN)

Midtown Miami Parcel Hits the Market in Bankruptcy Sale
(DBN)

Ali Wolf on Just How Wild the U.S. Housing Market Might Get
(DBN)

____________

Oil/Gas:

Oil Traders Keep North Sea Crude on Tankers Despite Rally to $72
(DBN)

BP Expects Strength in Global Oil Demand to Last, CEO Says
(DBN)

____________

Movie Theaters:

Four Ways This Summer Is a Huge Test for Movie Theaters
(DBN)

How AMC is different
(DBN)

AMC insider selling picks up as meme stock rises amid retail wave
(DBN)

AMC CEO appears to not be wearing pants in YouTube interview
(DBN)

AMC’s aggressive post-pandemic strategy could pay off
(DBN)

____________

Crypto:

US senators urge stricter crypto regulation after a flood of ransomware attacks
(DBN)

Bitcoin slides 7% after U.S. seizes most of Colonial Pipeline ransom
(DBN)

____________

E-Cigarettes:

FDA’s Vaping Regulations Survive as Supreme Court Rejects Appeal
(DBN)

____________

Pharma:

State AG pushes accountability in opioid cases
(DBN)

Don’t let Sacklers off the hook for role in opioid crisis
(DBN)

FDA approves Biogen's expensive Alzheimer's drug despite lack of evidence • Alzheimer’s Drug Approval Draws Fire on Treatment’s Effectiveness and Uses • According to Testing the new Alzheimer's Drug Doesn't Even Work
(DBN)

____________

Construction:

SoftBank Throws Final Cash Infusion to Bankrupt Startup Katerra
(DBN)

____________

Politics:

Rep. Jamaal Bowman accuses Manchin of becoming "the new Mitch McConnell" • Steve Bannon Urges 'Major Effort' to Bring Joe Manchin Into Republican Party • Democrats reach turning point with Manchin
(DBN)

Liz Cheney compares Trump's rhetoric to Chinese Communist Party
(DBN)

Pro-McConnell PAC prepared to intervene in 2022 primaries
(DBN)

Fox News Guest Says Fauci Being Used As 'Punching Bag' by Trump and Allies
(DBN)

Trump tells Fox Business it's 'highly unlikely' he'll run for a House seat in 2022
(DBN)

Obama says Republican Party accepts 'unrecognizable and unacceptable' positions • Obama slams Republicans for embracing election conspiracy theories
(DBN)

Time ticking away, Democrats face wrenching test on agenda
(DBN)

Progressive groups are “fed up” with Biden’s infrastructure playbook
(DBN)

Liz Cheney: GOP Members of Congress Told Her They Voted Not to Impeach Trump Due to Personal Security Concerns
(DBN)

Republican wins in Hispanic Democratic stronghold
(DBN)

‘Get used to me’: Postmaster evokes Trump style in Biden era
(DBN)

The Supreme Court may toss Roe. But Congress can still preserve abortion rights.
(DBN)

Trump calls on US to stop using computers: The solution to cyberattacks is to 'go back' to 'paper'
(DBN)

How QAnon TikTok conspiracies destroyed a Houston party business
(DBN)

Newsmax says network turned Gaetz down for a job
(DBN)

Fox host claims Fauci lied to Congress, calls for prosecution
(DBN)

Book claims Trump believed Democrats would replace Biden with Hillary Clinton or Michelle Obama in 2020 election
(DBN)

The GOP's Civil War in Idaho
(DBN)


____________

New Bankruptcy Opinions
(4 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (11 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:

Commercial Chapter 11 Filings Decreased 66% in May Y/Y
(DBN)

May corporate bankruptcy filings fall to lowest monthly total in nearly 4 years
(DBN)

Zombie companies may go bankrupt
(DBN)

______________

Aviation:

Airline bosses call on UK and U.S. to lift trans-Atlantic travel restrictions
(DBN)

Airbus Deliveries Accelerate in May as CEO Plots Pandemic Exit
(DBN)

Interjet seeks agreements with creditors to avoid liquidation
(DBN)

____________

Climate:

Earth's carbon dioxide levels hit 4.5 million-year high • Carbon dioxide levels hit 50% higher than preindustrial time
(DBN)

Sea Ice Cover in the Arctic is Receding
(DBN)

Record heat bakes Middle East as temperature climb above 125 degrees
(DBN)

Biggest Companies Plan to Reduce Emissions By Culling Suppliers
(DBN)

The Biggest Contributors to Tropical Deforestation
(DBN)

____________

Autos:

Bankrupt Hertz Is Proving to be an Extraordinary Exception
(DBN)

Some Used Cars Up 30% in Last Year
(DBN)

____________

Religion:

In Canada, activists topple statue, demand pope's apology amid reckoning over Indigenous children's deaths
(DBN)

____________

Sports:

NBCUniversal to air 7,000 hours of Olympics coverage, as pandemic worries continue
(DBN)

MLB opposes business group's demand to return baseball All-Star Game to Atlanta • MLB and MLBPA Say Lawsuit Over Cancellation of Atlanta All-Star Game Is Meritless, 'Frivolous,' Politically Motivated and 'Clearly Deficient in All Respects'
(DBN)

____________

Distressed Investing:

Did the Distressed Debt Opportunity Slink by Me When I Wasn’t Looking?
(DBN)

____________

Coal:

Coal Mine Along PA-WV Border Is Closing
(DBN)

Audit report finds WV lawmakers, DEP risking mining reclamation program insolvency through lack of oversight
(DBN)

____________

Utilities:

Why the Texas Grid Failed
(DBN)

____________

UK:

Corporate Insolvency and Governance Act provides breathing space to businesses left struggling by the Covid-19 pandemic
(DBN)

Reopening More Foreign Travel Will Be ‘Challenging,’ U.K. Says
(DBN)

U.K. Hospitality Industry Warns 500,000 Jobs Are at Risk
(DBN)

EU Eyes Retaliatory Measures in Post-Brexit Clash With U.K.
(DBN)

U.K. House Prices Grew at Strongest in Seven Years, Halifax Says • House prices jump 9.5% as buyers seek larger homes, Halifax says
(DBN)

UK hospitality calls for deal with landlords to forgo rent built up due to Covid restrictions
(DBN)

BOE Unveils Sweeping New Climate Test of Banks and Insurers
(DBN)

U.K. Consumers Splashed Out the Cash as Lockdown Rules Eased
(DBN)

____________

EU:

Europe City Traffic Hits 2019 Level for First Time in 15 Months
(DBN)

Euro-Area Economy Shrinks Less Than Reported in First Quarter
(DBN)

____________

Canada:

Ontario to loosen COVID-19 restrictions starting June 11, ahead of initial schedule
(DBN)

Canadian police: Driver targeted Muslim family in fatal attack
(DBN)

____________

Spain:

Spain opens borders to all vaccinated tourists
(DBN)

____________

China:

China’s cautious new graduates flock to state-backed jobs
(DBN)

Huarong Trading Dwindles in Onshore Bond Market as Bids Vanish
(DBN)

Endless cleanup at China’s most debt-ridden real estate developer
(DBN)

____________

India:

Process Analysis Of Pre-Packs: The Next Step In The Evolution Of Insolvency Regime In India
(DBN)

‘Second wave may delay resolutions, increase haircuts’
(DBN)

Karnataka High Court’s Judgment In Dreamz Infra India Limited V. Competent Authority: Yet Another Manifestation Of Primacy Of The IBC
(DBN)

Insolvency Law Newsletter For May 2021
(DBN)

Resolutions gather pace, but recoveries take time for banks
(DBN)

India's PM announces free coronavirus vaccines
(DBN)

Free Vaccines, Food to Cost India an Additional $11 Billion
(DBN)

As India’s surge wanes, families deal with the devastation
(DBN)

How India’s Covid Response Swung From Jubilation to Despair
(DBN)

____________

Dubai:

Dubai property fund rescinds debt offer after bondholders revolt
(DBN)

Creditors Show Force and Emirates REIT Fails to Get Debt Restructuring
(DBN)

____________

Uganda:

Uganda Imposes Second Lockdown as Covid-19 Cases Surge
(DBN)

____________

Singapore:

Singapore’s New Covid Cases At Lowest Since Mid-May
(DBN)

____________

Australia:

Trash or treasure: recovering property disclaimed by a bankruptcy trustee
(DBN)

Inside the 'AN0M' bust
(DBN)

Australia Enters New Growth Period as Business Conditions Surge
(DBN)

____________

Japan:

Kyoto on brink of bankruptcy
(DBN)

Despite Danger and Cost, Japan Gambles on Successful Olympics
(DBN)

____________

Taiwan:

Taiwan Factories Shrug Off Covid as Exports Surge to Record
(DBN)

____________

Finland:

Richest 10% of Finns Hold Half the Country’s Wealth
(DBN)

____________

Hong Kong:

Hong Kong’s Poor Families Doubled Amid Pandemic, Protests
(DBN)

____________


The Daily Bankruptcy News is primarily a curated news link gathering service.   Most of the headlines contained in the publication are a collection of links to stories posted on the Internet by various third party publications.  Such content is owned by third party sources, not The Daily Bankruptcy News, and in some cases, these links change or expire, which means you may not be able to view some news stories in prior editions of the Daily Bankruptcy News. The DBN subscription fee is not a fee for access to the content of the links, but is a charge for the considerable work involved in gathering, organizing and presenting the links. Use of this site and The Daily Bankruptcy News is subject to our Terms of Use. If you received The Daily Bankruptcy News via email (and you have a paid subscription account), to view a news story, click on the headline, and the story should open in your web browser. To view additional stories, click back to the email and click on additional headlines, which will cause new stories to open in your web browser.  You can view the most recent edition of The Daily Bankruptcy News on the web at BKInformation.com.

Advertising
Advertising is available in The Daily Bankruptcy News. Click here for details  Feel free to contact us with any questions.

Passwords/Subscriptions
Access to certain links in The Daily Bankruptcy News is available only to readers holding a paid service subscription. These links are currently marked with a "DBN" notation. The cost of a subscription is $66.50/year, payable annually.  Volume discounts are available for sites with multiple users. Click here to see a schedule of discounts. Complimentary subscriptions are available for full-time educational and governmental employees and for full time students. For information about discounts or educational/governmental subscriptions, contact us by clicking here. A separate password is required for each member of a firm wishing access to restricted links.

New readers can receive a free password good for 30 days by clicking here. 30-day passwords are not available to readers who have previously had a password, even if the password was associated with a different email address used by the reader. Refunds are not available after purchase.

Readers who wish to change their passwords should click here. Readers who have forgotten their password should click here.

Adding Your Email Address To The Distribution List
If you would like to start receiving The Daily Bankruptcy News by email each day, click here, and fill in the information requested. There is no charge to be placed on the distribution list to receive the headlines, although access to many of the links behind the headlines requires a paid subscription (see above, under Passwords). If, after adding your email address to the distribution list, you do not receive an email confirming the addition, please contact us by clicking here for help.

Removing Your Email Address From The Distribution List
If you already receive The Daily Bankruptcy News by email and you wish to remove your email address from the distribution list, click here and send the email that should appear. You do not need to type anything in the body of the email message. Note that the email asking for removal must be sent from the same email address which is on our distribution list. If you do not receive an email confirming deletion of your email address from the distribution list, contact us by clicking here for help.

If receive the publication forwarded from an older email address, you will need to contact us as described below for help removing that older address from our distribution list.

Press Releases/News Tips
Please send press releases and news tips to admin@bkinformation.com

Contact Us
The Daily Bankruptcy News is published each business day by BKINFORMATION.COM, L.L.C. You can reach us at 281-402-3957 or at accounting@bkinformation.com (email inquiries are usually answered substantially more quickly than phone inquiries). Our mailing address is 935 Eldridge Road, No. 350, Sugar Land, Texas 77478.
Copyright 2021