June 9, 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:

Flexibility Is A Two-Way Street When It Comes To This Biglaw Firm's Reopening Plans
(DBN)

Firm Breaks Down Two-Class Biglaw System In Office Reopening Plan
(DBN)

Working remotely for the first time? Here are lessons from a lawyer who's done it for 13 years
(DBN)

Kirkland’s London MoneyLaw pay plunges as dollar weakens sharply
(DBN)

How do firms benefit from hiring a CFO?
(DBN)

Rising Star: Bracewell's Jeris Diana Brunette
(DBN)

Notice And Comment: A Biglaw Associate's Lament
(DBN)

Merrick Garland Is Exactly The Kid You Hated In Law School
(DBN)

Big Four Said to Sidestep U.S. Law Firm Competition, For Now
(DBN)

Linklaters looks to slash emissions by up to 70%
(DBN)

There is strength in silence
(DBN)

“We’re Insanely Busy!”
(DBN)

Elizabeth Warren Urges Harvard Law Grads To 'Think About Doing Something Scary'
(DBN)

How to craft your legal writing on the clock
(DBN)

Abbe Lowell Is the Go-To Lawyer for Embattled Politicians. Now He Faces a Controversy of His Own.
(DBN)

‘Real Housewives Of Beverly Hills’ Star Erika Jayne Pleads For Gag Order In Legal Battle Demanding She Return Expensive Assets To Pay Off Lawyer Husband’s Debt • Judge OKs counsel to probe alleged transfers to Tom Girardi's wife
(DBN)

Sidney Powell Just ‘Eviscerated’ Her Own Legal Defense, Experts Say
(DBN)

Law Student Posing As Elle Woods Before Law School Graduation Gets Congratulations From Elle Woods Herself • Law student’s Legally Blonde photoshoot gets Elle Woods seal of approval
(DBN)

Amy Chua Keeps Inviting Reporters To Her Home As If That's Not Exactly How She Got Into This Mess • 'Tiger Mom' Amy Chua speaks out about her battle with Yale Law • Gripped by ‘Dinner Party-gate,’ Yale Law Confronts a Venomous Divide • Amy Chua aka Tiger Mom Blew Crisis-Management Fundamentals: Stop the Arrogance, Lay Low
(DBN)

Black Law Firm Leaders Are Poised for Prodigious Change
(DBN)

Lawyers Can Reveal Client Mental Health Issues to Protect Clients
(DBN)

Cyberattack forces NYC to take Law Department’s computers off city network
(DBN)

ACLU is split by internal debate over First Amendment support for hate speech
(DBN)

Quantifying The Law School Overenrollment Dilemma
(DBN)

The Fall 2021 Admissions Cycle: The Best Of Times (For Law Schools), The Worst Of Times (For Applicants)
(DBN)

July 2021 Bar Exams Will Be Online in 29 Jurisdictions; NCBE To Remove Online Option Beginning With February 2022 Exam
(DBN)

California's "baby bar" is not harder than the main bar exam
(DBN)

Lawyer Suspended After Offensive Royal Baby Tweet
(DBN)

Taking same stance as former AG Barr, Biden’s DOJ seeks to defend Trump in defamation suit by rape accuser • U.S. defending presidency, not trying to 'save Trump,' in recent legal moves • White House got no heads-up on Justice decision on Trump defamation suit • Merrick Garland DOJ’s Defense of Trump from E. Jean Carroll Suit Takes ‘Institutional Interests’ to ‘Absurd’ Lengths: Lawyers • Trump Gets Biden DOJ Help, Foiling Pleas for Accountability
(DBN)

The Mogul and The Monster: Inside Jeffrey Epstein’s Decades-Long Relationship with His Biggest Client
(DBN)

Guess Which Retired Attorney General Wants The Court To Order The MLB All Star Game Back To Atlanta?
(DBN)

How one lawyer is trying to solve a John Wayne Gacy murder mystery
(DBN)

'QAnon Shaman' Jacob Chansley moved to federal prison for 'forensic evaluation' • He wore a QAnon shirt while chasing police on Jan. 6. Now he says he was deceived by 'a pack of lies.' • Trump Impeachment Attorney Representing Marine Veteran Charged in Oath Keeper Conspiracy Case • Senate report details broad failures around Jan. 6 attack • Capitol Police had intelligence indicating an armed invasion weeks before Jan. 6 riot, Senate probe finds • Capitol Police Training, Intelligence Errors Are Faulted in Riot • Capitol rioter Ashli Babbitt’s family sues for records on officer who fatally shot her • Ted Cruz complains that feds are tougher on Jan. 6 rioters than on 2020 George Floyd protesters
(DBN)

Federal Appeals Court Blocks North Carolina Republicans from Intervening in Lawsuit Over Voter ID Law
(DBN)

Boston mayor fires police commissioner who allegedly threatened to shoot ex-wife, slept with gun under pillow
(DBN)

More police departments are training officers in de-escalation techniques, but does it work?
(DBN)

California Mother of 7-Year-Old Found Dead on Las Vegas Hiking Trail Arrested by FBI in Denver After Nationwide Search
(DBN)

Retired Army General Demoted After Conviction for Sexually Assaulting His Daughter Starting When She Was 3
(DBN)

DOJ: Federal officers now required to wear body cameras when serving warrants
(DBN)

Our First Look at the Man and Woman Arrested in California Road Rage Shooting Death of 6-Year-Old Aiden Leos
(DBN)

Judge orders Virginia district to reinstate teacher who refused to use transgender students' preferred pronouns
(DBN)

From fake weddings to free flights, elaborate sting operations have ensnared suspects around the world
(DBN)

Spy phones 'in gangsters' back pockets' betray hundreds to police
(DBN)

Gallup: Support for same-sex marriage reaches record 70% in the U.S.
(DBN)

Pharmacist who sabotaged COVID-19 vaccines gets three years in prison
(DBN)

Washington Man Allegedly Murdered His Parents Using at Least 6 Different Weapons Including a Tree Branch, Drill and Machete
(DBN)

Man Who Once Fooled Ex-President with Fake Account Charged for Scheme to Pose as Trump Family Members
(DBN)

Team Biden tiptoes around vaccine-for-migration cooperation
(DBN)

Arizona synagogue vandalized with swastika, antisemitic slur
(DBN)

______________

Judges:

Judge who appeared determined to avoid mandatory sentence is removed from case
(DBN)

Biden’s First Federal Judge Confirmed in Bipartisan Vote
(DBN)

Senators Seek Justices’ Travel Records in Bipartisan Letter
(DBN)

Supreme Court weighs voting rights in a pivotal Arizona case
(DBN)

Justice Kavanaugh hands down some surprisingly hopeful news for women’s equality
(DBN)

What does Brett Kavanaugh think of precedent? Here's another clue
(DBN)

Judge is suspended for rude treatment of public defenders; he will also have to hire a counselor or life coach
(DBN)

Job ad for judge role on Falkland Islands promotes territory’s ‘amazing wildlife’ and ‘absence of traffic jams!’
(DBN)

______________

Wall Street:

Stock futures are little changed as S&P 500 remains range-bound near record
(DBN)

Meme stocks surge for a 2nd day as retail traders stay bullish on red-hot names
(DBN)

______________

Layoffs:

Nomura Prime Brokerage Cuts to Spare Little in U.S., Europe
(DBN)

______________

Pharma:

Democrats push bill aimed at family that owns Purdue Pharma • AGs Back Bid To Close Sackler Family's Liability Loophole
(DBN)

Judge Takes Ill. City's Attys To Task For Mallinckrodt Filings
(DBN)

____________

Politics:

Why the GOP Just Got Blown Out in a Congressional Race
(DBN)

Manchin unmoved after 'constructive' meeting with civil rights groups •In shot at Manchin, Pelosi calls for Senate to strengthen voting rights • Democrats’ doomed voting bill is too broad to pass — and not broad enough to work
(DBN)

Texas Democrats roll out voter registration drive amid debate over restrictions
(DBN)

Poll: Biden approval holds steady at 61 percent
(DBN)

Biden agenda under threat -- from within his party
(DBN)

Senators Start Moving on Democrat-Only Bill for Biden’s Agenda
(DBN)

'A Matter of Racial Equality': Virginia's Solicitor General Urges Top Court to Affirm Ruling Allowing Removal of Robert E. Lee Statue
(DBN)

Charlottesville city council votes to remove Confederate statues that were the focus of violent 2017 'Unite the Right' rally
(DBN)

GOP senators hold up Biden's OPM nominee
(DBN)

As DeSantis takes aim at cruise industry, Republicans step up attacks on longtime allies in corporate America
(DBN)

Trump and Hannity's friendship 'began to break down' when the Fox News host grew 'disgusted' with the 2020 election lies, according to book
(DBN)

Harris Deflects Barbs From GOP, Ocasio-Cortez Over Border Effort • Harris defends not going to border: 'And I haven't been to Europe' • White House defends Harris comments on border: 'We need more time to get the work done'
(DBN)

Obama warns of 'dangers of cancel culture' going 'overboard'
(DBN)

Right Wing Militias Push Water Rebellion
(DBN)

___________

Economy:

US job openings surge to record 9.3 million in April • U.S. job openings jump to fresh record high in April
(DBN)

Former Fed Vice Chair Donald Kohn Worries Inflation Risks Are Rising
(DBN)

Champion of Key Fed Inflation Gauge Says Policy Shift Is Needed
(DBN)

Graham says family members aren't working due to unemployment benefits
(DBN)

'Take this job and shove it' — American workers quit at record levels
(DBN)

Women are slowly regaining the jobs they lost. But many of their career paths may change for good.
(DBN)

The darker side of hustle culture
(DBN)

World Bank sees 5.6% global growth in 2021, best since 1973 • World Bank boosts growth forecasts as U.S. stimulus, vaccines stoke demand
(DBN)

IRS records show wealthiest Americans, including Bezos and Musk, paid little in income taxes, report says • Some US billionaires had years where they paid no taxes: report • The Secret IRS Files: Trove of Never-Before-Seen Records Reveal How the Wealthiest Avoid Income Tax • Report: The 25 richest Americans paid $13.6 billion in income taxes over five years, a small amount of their wealth • IRS investigating leak of tax returns from Elon Musk, Warren Buffett and other billionaires • Why ProPublica Published Tax Secrets of the Super Rich
(DBN)

Small business optimism slips on hiring, inflation worries - NFIB
(DBN)

Biden to talk to Capito, other senators Tuesday on infrastructure -White House • Republican infrastructure negotiator sees no quick deal with Biden • Schumer: White House-GOP infrastructure talks 'seem to be running into a brick wall' • Rep. Steve Womack: Biden's infrastructure bill needs to focus on "traditional infrastructure" • Biden, GOP’s Capito End Infrastructure Talks Without a Deal • 90 groups urge Biden to pass infrastructure through reconciliation
(DBN)

Bipartisan Problem Solvers Caucus pushes for infrastructure deal with WH
(DBN)

Big Countries' Tax Deal to Reveal Rift in Europe
(DBN)

U.S. and EU to End for Good Trump’s $18 Billion Tariff Fight
(DBN)

Senate passes $250 billion bipartisan tech and manufacturing bill aimed at countering China • Senate passes sweeping China competition bill in rare bipartisan vote
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

Chapter 7 Could Be Smart Move for Renters Behind in Payments, Willing to Let Go of Lease
(DBN)

Top U.S. Lumber Maker Sees Decade of Strong Building Demand
(DBN)

MBA: Mortgage Applications Decrease in Latest Weekly Survey
(DBN)

Homebuyers are growing weary of the housing market
(DBN)

North Texas Real Estate in May: Sales Up 30% YoY, Inventory Down 62% YoY
(DBN)

New Hampshire Real Estate in May: Sales Up 12% YoY, Inventory Down 55% YoY
(DBN)

Las Vegas Real Estate in May: Sales up 98% YoY, Inventory down 66% YoY
(DBN)

Built-To-Rent Suburbs Are Poised to Spread Across The U.S.
(DBN)

____________

Oil/Gas:

In Senate hearing, CEO defends Colonial Pipeline response to ransomware attack • Colonial Pipeline CEO tells Senate cyber defenses were compromised ahead of hack
(DBN)

US shale consolidation continues as Independence scoops up Contango Oil & Gas
(DBN)

U.S. natgas output to rise, demand to fall in 2021 -EIA
(DBN)

U.S. crude output to decline less than previously forecast in 2021 -EIA
(DBN)

Dozens arrested during protest of oil pipeline in Minnesota
(DBN)

Biden administration eyes potential offshore wind sites in Gulf of Mexico
(DBN)

Solar and wind cheapest energy source in Australia
(DBN)

____________

Cruise Lines:

What to know about summer cruises and the industry's comeback
(DBN)

____________

Autos:

Lordstown Motors Flags Cash Crisis With ‘Going Concern’ Warning • Electric vehicle start-up Lordstown Motors on the verge of bankruptcy, new SEC filing reveals
(DBN)

____________

Education:

A School District Announced Guidelines to Protect the Rights of Trans Students. Some Locals Tried to Storm The School Board Meeting
(DBN)

____________

Sports:

Olympics-USATF says vaccines not mandatory for Tokyo-bound athletes
(DBN)

Olympics a go for IOC; cancellation would have long-lasting insurance impact
(DBN)

Soccer-Fans can enter Wembley with double COVID vaccine proof - UEFA
(DBN)

Fan kicked out of Fenway Park after unfurling 'Trump Won' banner
(DBN)

____________

Crypto:

IRS Chief Asks Congress for Authority to Get Cryptocurrency Data
(DBN)

The FBI likely exploited sloppy password storage to seize Colonial Pipeline bitcoin ransom
(DBN)

____________

Pensions:

U.S. public sector pension funding improved during the pandemic year
(DBN)

____________

Religion:

Buffalo Diocese Places Three Priests on Leave Following Accusation
(DBN)

Abuse survivors in Rochester Diocese bankruptcy case ask judge to go to trial
(DBN)

____________

Tech:

Republican AG Repeatedly Cites Justice Clarence Thomas’ Rebuke of Big Tech in Bid to Have Google Declared a Public Utility
(DBN)

____________

Non-Profits:

NRA’s Pro-Gun Rights Message Spreads Despite Legal, Money Woes
(DBN)

____________

Fraud:

Former Olympic Figure Skater Charged With Fraud in Alleged COVID-19 Small-Business Loan Scam
(DBN)

____________

Climate:

NZ report recommends drastic methane emissions cuts to meet climate goals
(DBN)

____________

Coal:

Most Coal Plants in Biggest U.S. Grid Are Becoming Money-Losers
(DBN)

____________

Retailing:

A lesson the CEO of Francesca’s learned when he was fired once is helping to shape the retailer’s turnaround strategy
(DBN)

____________

Corporate Governance:

Report: Corporate boards tapping limited circle of executives of color to fill open slots
(DBN)

____________

Healthcare:

Health-Care Woes Headline Busier Week
(DBN)

The cost of caregiving: When financial and emotional stress compound
(DBN)

Hospital suspends 178 staff for not complying with COVID vaccine mandate
(DBN)

Washington state promotes 'joints for jabs' to push residents to get their shots
(DBN)

Fauci Urges U.S. Vaccinations as Harmful Variant Spreads in U.K.
(DBN)

CDC: Severe COVID cases, deaths plummeted in spring following vaccine
(DBN)

June 8th COVID-19 New Cases, Vaccinations, Hospitalizations
(DBN)

You're vaccinated. What are the ethics of traveling to places where locals aren't?
(DBN)

Anti-lockdown California café owner is charging customers $5 if they wear masks but says he will donate the money to charity
(DBN)

U.S., EU Set to Back Fresh Study Into Origins of Covid-19
(DBN)

___________

New Bankruptcy Opinions
(2 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (13 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (70 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:

Bankruptcy Filing Rates Not Rising, May Go Lower
(DBN)

May 2021 Bankruptcy Filings Drop, Again
(DBN)

P.R. bankruptcy cases down 18.3% through May vs. same 5-month period in ’20
(DBN)

______________

Sales:

The Aftermath of a Complicated Breakup: Third Circuit Holds Stalking Horse Bidder in Terminated Transaction May Assert Potential Administrative Expense Claim Notwithstanding Disallowance of Its Termination Fee
(DBN)

____________

IP:

Paper Source Bankruptcy Offers Lessons for Vendors Playing Their Cards
(DBN)

____________

Mediation:

Delayed Decisions = A Perception Of Doubt (Implications For Mediation?)
(DBN)

____________

Litigation:

Power players that are transforming the booming litigation finance industry
(DBN)

____________

Construction:

What Happened to Katerra? Bankruptcy, Explained
(DBN)

____________

Aviation:

American Airlines employees asked to volunteer to handle summer travel surge
(DBN)

Airlines demand trans-Atlantic travel restarts, as Biden prepares for G-7 trip
(DBN)

U.S. CDC eases travel recommendations on 61 countries, including Japan
(DBN)

Boeing delivers 10 737 MAXs, fewer 787s, in May
(DBN)

Southwest Air Adds to Boeing Max 7 Order as U.S. Travel Rebounds
(DBN)

Boeing Jet Sales Surge as Pandemic Retreats in U.S., Europe
(DBN)

Pilots in India plead for better compensation for colleagues who died of Covid.
(DBN)

____________

Food/Beverage:

Casa Bonita super fans purchase some of restaurant's debt
(DBN)

Restaurants Are Severely Understaffed, And No One Agrees on Why
(DBN)

Workers Are Quitting Hotel And Restaurant Jobs at the Highest Rate on Record
(DBN)

Daily Grill parent Grill Concepts closes several restaurants permanently in Chapter 11 bankruptcy
(DBN)

Courts are challenging the Biden Administration’s prioritization of women and minorities for restaurant relief grants
(DBN)

____________

Sovereigns:

The Province of Buenos Aires - Continued Engagement with Bondholders
(DBN)

____________

UK:

An insolvency practitioners guide to accelerated payment notices
(DBN)

Rise of virus variant puts Johnson in a tough spot as he weighs whether Britain should fully reopen
(DBN)

U.K. Sends Military to Covid Hotspots to Help Tackle Variant
(DBN)

Johnson’s Brexit Chief to Attend G-7 as U.K. Braces for Pressure
(DBN)

Haldane Says U.K. Housing Market ‘On Fire’ and Feeds Inequality
(DBN)

EU threatens ‘swift and firm’ retribution if Boris Johnson violates Brexit deal again
(DBN)

____________

EU:

Remember me? With fast recovery, labour shortage haunts Eastern Europe
(DBN)

____________

Canada:

Bankruptcy and insolvency bill will negatively affect struggling DB pensions, says ACPM president
(DBN)

Representative for 17,000 Sears Canada retirees says insolvency laws are unjust
(DBN)

Burnaby Sears retirees shafted in company’s bankruptcy as banks paid first
(DBN)

Canada to soon say how it will ease curbs at U.S. border for fully vaccinated citizens - PM
(DBN)

____________

India:

Process to select next Insolvency & Bankruptcy Board of India Chief begins
(DBN)

____________

Brazil:

Rio rail concessionaire files for bankruptcy protection • Mitsui-backed Brazilian metropolitan rail co Supervia files for bankruptcy protection
(DBN)

Brazil braces for third wave of Covid-19
(DBN)

____________

Germany:

Greensill Bank creditors claim around 4 billion euros - insolvency manager
(DBN)

JPMorgan, UniCredit Gave Germany Wirecard Tips That Went Nowhere
(DBN)

____________

Spain:

Spain's BBVA to cut 2,935 jobs in Spain, union says
(DBN)

____________

Greece:

Greece to Get Twice as Much as Expected in 2021 Recovery Funds
(DBN)

____________

UAE:

NMC, creditors reach restructuring deal
(DBN)

____________

China:

China’s $862 Billion of Dollar Bonds Face Key Restructuring Test
(DBN)

Huarong, Evergrande Bond Slump Tests Too-Big-to-Fail Belief
(DBN)

China’s producer prices rise faster than consumer prices by the most on record • China’s producer prices surge the most since 2008, cutting into business profits
(DBN)

In China’s new Covid hotspot, police punish those who ignore prevention measures
(DBN)

China investigates bad-debt industry veteran for corruption
(DBN)

____________

South Africa:

South African Economy Still Down From Pre-Pandemic Levels
(DBN)

____________

Africa:

Third wave sweeps across Africa as Covid vaccine imports dry up
(DBN)

____________

Japan:

Japan's bankruptcy cases rise
(DBN)

____________

Hong Kong:

Antibody tests on arrival could be Hong Kong’s next step in battle against variants
(DBN)

____________

Israel:

Netanyahu's Trump-style campaign to stop Israel's transfer of power
(DBN)

____________

Singapore:

Singapore caps fallen oil tycoon Lim’s spending at S$10,000 a week
(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