March 12, 2021

The Daily Bankruptcy News

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Law:

Shocking Video Of Law School Professors Making Racist Comments Goes Viral Law School Professor Fired Over Racist Comments That Went Viral Georgetown Law Adjunct Professors Caught Zooming About 'Blacks' Who Are 'Just Plain at the Bottom' Georgetown Law professor is fired after saying black students are 'plain at bottom of her class almost every semester' and her colleague is suspended for failing to correct her after they accidentally recorded their zoom chat
(DBN)

Five Female Lawyers Drop Sex Bias, Pay Claims Against Jones Day
(DBN)

Claims that bullying resulted in resignations and pay-offs at Willkie Farr
(DBN)

Delaying The Start Of Your Biglaw Career
(DBN)

Convergent Roles: How The Pandemic Has Caused An Identity Crisis For Mothers
(DBN)

Harvard Law School ‘Negotiating Efficient Sex Slavery’ Article Shockingly Poorly Received
(DBN)

Real-Life 'Erin Brockovich' Lawyer Tom Girardi Loses His Law License
(DBN)

Law School Deans Respond To 'Whiteness' Ranking, Acknowledge Student Body Is Still Too White
(DBN)

Tech competency needs to be taught in law school, associate dean says
(DBN)

Trans Biglaw Partner Says Her Book Of Business Plummeted When She Transitioned
(DBN)

Automated legal reasoning could shape future of digital services
(DBN)

Shaken by Departures, Boies Schiller Flexner Saw Revenue Plummet 38%, Profits Down 54%
(DBN)

As Law Firm Pros Tout Diversity Efforts, Lower-Level Staff Aren't As Impressed
(DBN)

Bakers keeps business services pay frozen but raises lawyer salaries
(DBN)

Virtual Firms Are Rapidly Expanding. What Kind of Lawyers Do They Want?
(DBN)

Ex-Clifford Chance trainee sues his parents for refusing to give him a lifetime allowance
(DBN)

Firm in turmoil as CEO departs after catastrophic email Leader Ousted After Firmwide Email Apologizing For Partner's Representation of Accused Rapist
(DBN)

Trump may be in real trouble from new civil and criminal cases John Dean: 'Only a matter of how many days' until Trump is indicted
(DBN)

Garland Pledges Equal Justice on First Day as Attorney General
(DBN)

Groping accusation against Cuomo referred to Albany police More Than 55 New York State Lawmakers Call for Cuomo’s Resignation De Blasio joins 59 New York lawmakers in calling for Cuomo's resignation NY Speaker authorizes Cuomo impeachment investigation Resignation demands grow as police get Cuomo groping report
(DBN)

Partisan Haggling Dampens Urgent Calls for Jan. 6 Answers Ex-acting Defense Secretary Miller blames Trump's speech for Capitol riot MAGA Defendant Follows 'Mexico Vacation' Request Demanding Trial Transferred To Rural Texas Anti-Vaxxer Jessica Bustle and Husband Joshua Bustle Are Both Busted for Breaching U.S. Capitol Building on Jan. 6 Judge Won't Ease Up on Maximum Security Detention and Isolation for 'Zip-Tie Guy's' Mother in Capitol Riot Case Authorities warn of new militia Capitol plot
(DBN)

Judge reinstates third-degree murder charge in Derek Chauvin murder trial 6 chosen for Chauvin trial jury so far; murder charge added
(DBN)

Federal look into Breonna Taylor’s death casts a wider net
(DBN)

House approves bills tightening background checks on guns The eight Republicans who voted to tighten background checks on guns House Passes Two Gun Control Bills
(DBN)

Georgetown fires professor after 'reprehensible' remarks about Black students
(DBN)

New $3,000 child tax credit could raise issues for divorced parents
(DBN)

Supreme Court cancels arguments in Medicaid work requirement case
(DBN)

House Democrats plan their own trip to the border
(DBN)

Biden denounces hate, violence against Asian Americans: 'It must stop'
(DBN)

Trump Lawyer Tells SCOTUS It's Illegal For Kids To Say Filthy Cusses
(DBN)

A ‘disproportionate litigation offensive’ in lawyer’s remodeling dispute can justify lower fee, appeals court says
(DBN)

Couple Faces 102 Separate Charges after 'Extensive and Horrific' Abuse of Girls at Religious Boarding School
(DBN)

‘Diabolical’ Dad Gets Centuries in Prison After Drowning His Autistic Sons for Insurance Money
(DBN)

Former Army officer guilty in ‘Fatal Vision’ case seeks release
(DBN)

Florida Lawyer in Good Standing with State Bar Charged with Murder Over Hotel Shooting Believed to Have Been a Drug Deal Gone Awry
(DBN)

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Judges:

After judge takes umbrage at dissenter’s ‘sound and fury’ quote, 5th Circuit grants en banc rehearing
(DBN)

Second Circuit Judge Dies One Week After Taking Senior Status
(DBN)

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Wall Street:

S&P 500 futures fall a day after benchmark hits record as 10-year yield jumps
(DBN)

Dow closes above 32,000 for first time
(DBN)

Now That The SEC Thinks About It, It Is Strange That Citadel, Et. Al., Pay So Much For The Right To Execute Free Trades
(DBN)

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Layoffs:

Private equity firm TH Lee doubles payout for laid-off Art Van workers
(DBN)

150 jobs gone as Salina bus manufacturer will close
(DBN)

Thyssenkrupp to cut additional 750 jobs at steel division
(DBN)

______________

Rail:

Amtrak will restore daily long-distance train service with federal relief funds
(DBN)

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Politics:

How GOP-backed voting measures could create hurdles for tens of millions of voters
(DBN)

Army continues to honor Confederate unit histories, even as base names draw scrutiny
(DBN)

With Trump gone, QAnon groups focus fury on attacking coronavirus vaccines
(DBN)

Trump starting to fade from view
(DBN)

Trump's parting gift: Border rage
(DBN)

Some Democrats want the filibuster gone. But Manchin wants bipartisanship.
(DBN)

Guam governor offers Greene history book after falsely calling US territory a foreign land Greene calls Italian American House Democrat 'Rep. Mussolini'
(DBN)

Flurry of polls provide boost to Biden
(DBN)

Biden’s $1.9T rescue signed, agenda now a slog in Congress
(DBN)

Manchin cements key-vote status in 50-50 Senate Gun Background Checks Bill May Test Manchin on Filibuster Rule
(DBN)

Duckworth slams Tucker Carlson over remarks on women in the military Veteran PAC slams Tucker Carlson for comments on female service members Military leaders hit Tucker Carlson over remarks on women in military Press Secretary Smites Fox Host That Dissed Diversity in U.S. Military
(DBN)

Stacey Dash, After Washing Out at Fox News, Has Now Turned On Trump
(DBN)

CA: Newsom Recall Has 2 Million Signatures
(DBN)

Arizona GOP Bill Would Allow GOP-Controlled State Legislature to Overturn Presidential Popular Vote
(DBN)

‘Everybody Shouldn’t Be Voting,’ Republican Says The Quiet Part Loud
(DBN)

____________

Banking:

Citi Helps Revlon Rework Debt Despite $900 Million Payment Error
(DBN)

Citi Blocks Firms With Errant Revlon Payout From Debt Deals
(DBN)

____________

Religion:

Archdiocese of New Orleans receives 400 sexual abuse claims in bankruptcy court 400 clergy abuse claims stack up against Archdiocese of New Orleans in bankruptcy case
(DBN)

Faith leaders’ year of pandemic: grief, solace, resilience
(DBN)

____________

Sports:

Evander Kane, Sharks Inform Bankruptcy Court Of Potential Contract Termination Sharks considering voiding Evander Kane's contract amid star's bankruptcy filing: report
(DBN)

Duke basketball season over after positive Covid case
(DBN)

The sports shutdown of 2020: One year later
(DBN)

Minor leagues experimenting with robo umps, larger bases
(DBN)

Mississippi’s New Anti-Transgender Sports Law Banning Participation in Female Athletics Is ‘Vague' and 'Unenforceable’: ACLU
(DBN)

____________


Economy:

Job openings rise, layoffs fall as pandemic economy mends
(DBN)

Vaccines and stimulus pave the way for a big, uneven global recovery
(DBN)

COVID relief bill could permanently alter social safety net
(DBN)

From job cuts to online commerce, virus reshaped US economy
(DBN)

Pace of spending for pandemic aid? Try $43,000 every second
(DBN)

Covid one year later: Why these American workers aren’t bouncing back
(DBN)

U.S. Household Net Worth Surged in Closing Months of 2020 Fed's Flow of Funds: Household Net Worth Increased $6.9 Trillion in Q4
(DBN)

BLS: Job Openings "Changed Little" at 6.9 Million in January U.S. Job Openings Climbed in January to an Almost One-Year High
(DBN)

Weekly Initial Unemployment Claims decreased to 712,000 U.S. State Jobless Claims Fell by More Than Forecast Last Week
(DBN)

Companies are scaling back layoffs because of Biden's stimulus package
(DBN)

Biden signs $1.9 trillion relief bill into law Psaki: $1,400 payments could start to arrive in bank accounts this weekend Biden signs US$1.9T bill, unleashing cheques, state aid
(DBN)

$1.9 trillion Covid stimulus contains billions to shore up parents' child care budgets
(DBN)

Biden to Map Path From ‘Dark Tunnel’ as Shots, Economy Speed Up Biden outlines path to normalcy by July 4 in national address Biden urges national unity to reach normalcy Biden to call for all adults to be eligible for vaccine by May 1 Maryland GOP governor applauds Biden after prime-time COVID-19 address Biden aims for quicker shots, ‘independence from this virus’
(DBN)

Bipartisan House members reach deal to extend loan program for small businesses
(DBN)

Biden wants infrastructure to be bipartisan, but Dems and GOP are drawing battle lines Biden Is Betting His Whole Climate Agenda on Infrastructure
(DBN)

Americans have started leaving home even more than before the pandemic, cellphone data shows
(DBN)

One year later: How 15 American workers are coping with the coronavirus pandemic
(DBN)

Pelosi Commits to Minimum-Wage Hike, But Without a Timetable
(DBN)

Meet Gen C, the Covid generation
(DBN)

GOP lawmakers push to permanently eliminate estate tax
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

Mortgage rates persist in their steady climb U.S. Mortgage Rates Rise for Fourth Straight Week, Hitting 3.05%
(DBN)

Omar reintroduces bill seeking to cancel rent, mortgage payments during pandemic
(DBN)

CoreLogic: 1.5 Million Homes with Negative Equity in Q4 2020
(DBN)

Renting Is Terrible. Owning Is Worse.
(DBN)

Portland Real Estate in February: Sales Up 4% YoY, Inventory Down 44% YoY
(DBN)

Housing market at a tipping point after stunningly successful year during pandemic
(DBN)

____________

Municipalities:

The Oversight Board Keeps Working On Puerto Rico's Record Insolvency
(DBN)

God, Puerto Rico and Bankruptcy Law
(WSJ)

States drawing up big wish lists for the COVID relief money
(DBN)

‘Breathe a Sigh of Relief’: Muni Market Lauds Biden State Rescue
(DBN)

____________

Oil/Gas:

Why $4-a-Gallon Gas May Be Coming Your Way This Summer
(DBN)

In oil-rich Texas, GOP lawmakers push bill to punish Wall Street for fossil fuel disinvestments
(DBN)

Are electric vehicles poised to kill the gasoline engine car? Welcome to the 'golden age' of EVs
(DBN)

Fossil Fuels Are Wildly More Expensive Than Previously Thought, Study Says
(DBN)

____________

Student Debt:

Only 32 student loan borrowers - ever - have qualified for full forgiveness through an income-driven repayment plan
(DBN)

Student loan forgiveness is now tax-free. What that means for borrowers
(DBN)

____________

Education:

Biden administration to implement testing programs in schools as part of reopening effort
(DBN)

It does matter if kids don't achieve academic milestones during Covid. Here's why.
(DBN)

Will schools fully reopen? It may depend on whether students have to sit six feet apart.
(DBN)

Lawmakers provide schools and colleges with $170 billion in funding
(DBN)

Connecticut to Focus U.S. Aid on Kids, Weighs Early School Start
(DBN)

____________

Student Debt:

The student debt forgiveness debate highlights the gender student debt gap
(DBN)

____________

Coal:

As Glencore Walks, Colombia Envisages Decades of Coal Mining
(DBN)

____________

Satellites:

Speedcast Emerges from Chapter 11 Bankruptcy Debt Free Speedcast emerges from bankruptcy with clean balance sheet
(DBN)

____________

Finance:

Credit Suisse, Taulia act to deal with Greensill insolvency fallout Credit Suisse shaken by aftershocks of Greensill insolvency
(DBN)

Greensill sale talks with Athene stall
(DBN)

Greensill's Downfall Was a Predictable Story
(DBN)

Sanjeev Gupta in talks to negotiate reprieve on Greensill Capital debt
(DBN)

____________

Climate:

'Absolutely historic' snowstorms are forecast for this weekend Denver could get one of its biggest snowstorms since 1885
(DBN)

Add Dry Riverbeds and Overflowing Banks to the List of Things Made Worse by Climate Change
(DBN)

____________

Crypto:

Mark Karpeles: Class Action Lawsuit Not Favorable for Creditors
(DBN)

____________

Hollywood:

Will Hollywood Require COVID-19 Vaccinations for Workers?
(DBN)

____________

Satellites:

Crossover Group of Jackson Noteholders Attacks Plan for Allocating Value to ‘Out of the Money’ Parent Debtors; Convertible Parent Debtor Noteholder Group and SES Oppose Adjournment of Relocation Payment Fight
(DBN)

____________

Food/Beverage:

This Beloved Burger Chain Is Forced to Change Its Name, Judge Rules
(DBN)

____________

Radio:

Alpha Media Files FCC Paperwork For Emergence From Bankruptcy
(DBN)

____________

Hotels:

Hotels: Occupancy Rate Declined 26.7% Compared to Same Week in 2019
(DBN)

Bay Area hotels in bankruptcy go on auction block
(DBN)

____________

 


New Bankruptcy Opinions
(2 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (15 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (3 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:

Coronavirus Triggers Uptick in Commercial Chapter 11 Filings
(DBN)

______________

Mediation:

Preparing For Mediation In Bankruptcy
(DBN)

____________

Advisors:

McKinsey elects Bob Sternfels as next leader of crisis-hit partnership
(DBN)

____________

Exemptions:

Debtor Alert: Second Circuit Upholds Federal Homestead Exemption on Debtor’s Nonprimary Residence
(DBN)

____________

Miscellaneous:

Court Opinion Review: Sycamore’s Win in Nine West Settlement Coverage Dispute, Anadarko’s Loss in Tronox Environmental Litigation Settlement Fight and a Management Mess in Bouchard Transportation
(DBN)

Global Guide to Government Measures Taken in Response to COVID-19
(DBN)

____________

Bankruptcy Policy:

Bespoke Bankruptcy
(DBN)

____________

Subchapter V:

What Qualifies As “Engaged In Business Or Commercial Activities” For Subchapter V Eligibility? (In re U Stop)
(DBN)

____________

Aviation:

United Airlines cancels furloughs after stimulus package passes
(DBN)

Air Transat casts doubt on survival if Air Canada deal fails
(DBN)

African airlines face bankruptcy due to pandemic effects says survey
(DBN)

____________

Tax:

U.S. Tax Refunds Plunge 32% in Slow-Moving IRS Filing Season
(DBN)

____________

Healthcare:

Fauci: CDC will release new guidance for vaccinated Americans 'very soon'
(DBN)

Majority of Americans say worst of pandemic is behind us: CNN poll
(DBN)

49 percent of GOP men say they won't get vaccinated: PBS poll
(DBN)

AP-NORC poll: 1 in 5 in US lost someone close in pandemic
(DBN)

Pfizer data from Israel finds vaccine prevents 94% of asymptomatic infections
(DBN)

One year after the pandemic was declared, 1 in 10 Americans have been fully vaccinated
(DBN)

States with Republican governors had highest Covid incidence and death rates, study finds
(DBN)

In Covid relief bill, government will pay for laid-off workers’ COBRA premiums
(DBN)

UN chief blasts vaccine nationalism, hoarding, side deals
(DBN)

How Covid Left a Generation in Limbo
(DBN)

The pandemic in four charts
(DBN)

Fauci says COVID death toll would have "shocked" him a year ago
(DBN)

The US is averaging fewer than 50,000 new COVID-19 cases per day for the first time since October, down from a peak of 250,000 U.S. Covid Decline Nears Point at Which Other Surges Reignited
(DBN)

Sorrow and stamina, defiance and despair: A year of the pandemic in America
(DBN)

Covid long-haulers are often women Most coronavirus long-haulers are women. That may be because they mount a stronger immune response to the virus.
(DBN)

Virginia Kroger gave people 'empty syringes instead of the COVID-19 vaccine'
(DBN)

Pandemic preparations: Some saw it coming
(DBN)

____________

Tech:

Defying rules, anti-vaccine accounts thrive on social media
(DBN)

Why Facebook Can't Stop Misinformation
(DBN)

____________

Pharma:

Purdue Deal Said to Include $1.2 Billion More From Sacklers
(DBN)

____________

Utilities:

Texas Monitor Slashes Estimate Blackout Overcharge by 80%
(DBN)

Texas Lawmakers to Rule on $16 Billion Blackout Pricing
(DBN)

ERCOT Discloses Short-Pay Balance of $2.5B; Organization to Release Weekly Short-Pay Report Starting March 8
(DBN)

____________

Sports:

Take me (responsibly) out to (cautiously) the ballgame (with some restrictions)
(DBN)

____________

Sovereigns:

The Haitian Independence Debt
(DBN)

How the World Bank Helps Those Deepest in Debt
(DBN)

____________

UK:

HSBC Bosses Try to Quell Investment Banker Ire Over Bonus Cuts
(DBN)

Britain Delays Brexit Import Checks to Avert Supply Disruption
(DBN)

U.K. Aerospace Firms Meet to Assess Exposure to Liberty Steel
(DBN)

U.K. Roads Getting Busier With One in Three People Vaccinated
(DBN)

UK Sees Record Fall in Trade with EU
(DBN)

____________

EU:

Vaccines Fail to Check Covid Wave Overwhelming Europe’s East
(DBN)

____________

PIIGS:

Spain to Spend Most of 11 Billion-Euro Package on Aid to Firms
(DBN)

____________

France:

France Seen Resisting Recession With Growth in Early 2021
(DBN)

____________

India:

Relief likely for owners of Covid-hit bankrupt firms
(DBN)

____________

China:

Air Force: US Will Lose Fast in a War with China
(DBN)

China’s GDP growth target of over 6% is easy to reach, analysts say
(DBN)

____________

Brazil:

Brazil hospitals buckle in absence of national virus plan
(DBN)

____________

Hong Kong:

Cross-border insolvency: How to Recognize Foreign Provisional Liquidators in Hong Kong?
(DBN)

____________

Australia:

Spike in ‘zombie’ companies going into administration fuels fear of insolvency wave
(DBN)

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