March 19, 20201

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Top 50 Biglaw Firm Rolls Out Incredible Bonus-Eligible Time-Off Policy
(DBN)

Two Elite Biglaw Firms Handing Out New COVID Bonuses To Hardworking Staff
(DBN)

Baker McKenzie’s Chair Wants Partners to Lean Into More Change
(DBN)

Leading Questions: Cleary’s Managing Partner Michael Gerstenzang
(DBN)

Linklaters offers all London secretaries voluntary redundancy
(DBN)

Most dissatisfied lawyers work longer hours and report more burnout
(DBN)

LawMom And The Modern Family: Up Nose, Part Deux
(DBN)

Crowell & Moring Combines with Wall Street Firm Kibbe & Orbe
(DBN)

Law school staff told to help students 'juggle their sex work with studies'
(DBN)

Armstrong Teasdale Used Lateral Hires and New Offices to Push Forward
(DBN)

Mintz Levin Started Its Fiscal 2020 Mid-Pandemic, and Saw Profits Grow by a Third
(DBN)

Do As We Say, Not As We Do
(DBN)

Law Firm Wins Fired Lawyer’s Suit Over Analyzing Cell Phone Data
(DBN)

Domestic terrorism poses 'elevated threat' to U.S. this year, intelligence agencies say
(DBN)

Jan. 6 commission stalls, for now, amid partisan dissension • New Capitol riot videos released as FBI seeks tips on 10 worst attackers of cops • Feds Seeks to Delay Court Proceedings for 'QAnon Shaman' Due to Sheer Volume of Evidence in Capitol Siege Cases • Man ID’d as former Special Forces soldier is charged with assaulting police during Capitol riot • FBI releases footage of assaults on officers during Capitol attack • FBI Asks Public for Helping in IDing Rioters • U.S. moves to unseal new indictment of Proud Boys leaders from four states in Jan. 6 Capitol breach
(DBN)

George W. Bush on Riot: I Was Sick to My Stomach
(DBN)

Trump’s taxes in hand, Manhattan DA’s probe heats up
(DBN)

Trump is Drowning in Criminal Investigations
(DBN)

Biden DOJ outpaces Trump DOJ for reversing US position in pending Supreme Court cases
(DBN)

Michael Cohen: This Investigation Is Like A Criminal Colonoscopy, And Trump Better Get Ready
(DBN)

Ex-wife of Trump Org executive has spoken to investigators 'multiple times'
(DBN)

It's Time To Look Beyond Career Prosecutors For U.S. Attorney Gigs
(DBN)

A dozen Republicans voted against Congressional Gold Medals for police who protected them on Jan. 6
(DBN)

Attorneys argue over letting expert testify in Floyd trial • Chauvin’s lawyer may look alone, but he isn’t
(DBN)

House to vote on immigration bills as humanitarian crisis mounts at the border • House passes 'dreamers' bill as Biden pushes for more • House passes two immigration bills that would establish path to citizenship for millions • Democrats block GOP rep's bill requiring negative COVID tests for illegal immigrants • Poverty, violence and fresh hope under Biden drive a surge in migration • Unaccompanied Children Crossing Border to U.S. Up 63 Percent in February • Chart: Number of Children Detained at Southern Border Rises Again • More than 500 migrant children have been in Border Patrol custody more than 10 days • Biden Is Making the Migrant Border Surge Worse
(DBN)

U.S. will send Mexico surplus vaccines as it seeks help on immigration enforcement
(DBN)

Police suspended over leaked texts mocking homeless, discussing whether to 'face shoot' suspect • ‘Face Shoot That F***er’: California Cops' Group Texts Show Violent and Sexually Explicit Discussions About Suspects, Women, and Homeless
(DBN)

The long, ugly history of anti-Asian racism and violence in the U.S. • The man charged with the spa shootings was quickly humanized. What about the victims? • Asians organize in wake of Atlanta attacks • The Message From the Heart of the Atlanta Attacks: ‘America Is Getting Worse’ • 'Stop Asian Hate' becomes a rallying cry for residents following Atlanta shootings • What police don't understand about the Atlanta suspect's 'sex addiction' defense • History of racist fetishizing of Asian women a factor in Atlanta shootings, experts say • Biden, Harris to meet with Asian American leaders in Georgia to offer support after shootings • Georgia sheriff official under fire for anti-Asian social media post • Stigmas on race, gender and sex overlap in Atlanta slayings • The Atlanta shootings can’t be divorced from racism and misogyny • America has a long history of discriminating against Asians, once banning Chinese people from becoming US citizens for 60 years • Atlanta-Area Massage Parlor Shooting Victims Identified; Killer Was Kicked Out of Parents' House for Watching Porn for Hours on End: Report • Biden orders U.S. flags be flown at half-staff in honor of Atlanta victims • House holds hearing on anti-Asian discrimination; Atlanta shooting suspect cancels first court appearance • 'I am not a virus': Lawmakers clash during emotional hearing on attacks • Atlanta Police Promise ‘Separate,’ ‘Different’ Investigation into Massage Parlor Shootings Where Eight ‘Innocent’ People Were Killed • Atlanta police on shooting probe: 'Nothing is off the table' • Captain who said spa shootings suspect had 'bad day' no longer a spokesman on case, official says • Capt. Jay Baker Faces Calls to Be Fired Over 'Bad Day' Remark, Racist Shirt • Fury as Republican appears to glorify lynching in hearing on violence against Asian Americans • Gun sales to Asian Americans surge amid spate of hate crimes
(DBN)

Can Hate-Crime Laws Be Used in Atlanta Shootings?
(WSJ)

Elderly Asian woman in San Francisco beats back man who punched her: 'I am amazed by her bravery'
(DBN)

Deshaun Watson accused of sexual assault in third lawsuit related to massage sessions • Attorney of Deshaun Watson Accusers Posts Messages Between QB, His Clients
(DBN)

Louisiana Man Indicted for Allegedly Using Grindr to Cannibalize Gay Men
(DBN)

Satanic Temple Tells 9th Circuit that City Discriminated by Canceling ‘Legislative Prayer’ Before Council Meetings
(DBN)

Army Refuses to Restore Medals and Honors for Accused Murderer Pardoned by Trump
(DBN)

Judge Rules Some Ghislaine Maxwell Details Are Too 'Sensational and Impure’ to Be Revealed to the Public
(DBN)

White Shooter Pleads Guilty to Hate Crime Charges for Murdering Black Customers at Grocery Store
(DBN)

The Preferred Jobs of Serial Killers and Psychopaths
(DBN)

______________

Judges:

BK CO Seeks Term Law Clerk
(DBN)

Breyer mum as some liberals urge him to quit Supreme Court
(DBN)

Federal Circuit Judges Seek First Black Colleague as Seat Opens
(DBN)

Children’s court judge is charged with possession of child pornography
(DBN)

Don’t use this typeface if you want to please the DC Circuit • D.C. Circuit Takes Bold Stance... Against A Font
(DBN)

Eighth Circuit Judges Won't Respect Pronouns Because They Lack Writing Skills, Common Decency
(DBN)

Short-handed New Jersey federal courts have 6 vacancies and a huge case backlog
(DBN)

'Oyez, Oyez': Senate Judiciary Leaders Push Bill to Let the Public Both See and Hear Supreme Court on TV
(DBN)

______________

Wall Street:

Stock futures rebound after Thursday’s sell-off as yields pull back
(DBN)

Goldman’s First-Year Bankers Beg to Work Only 80-Hour Weeks in Stinging Deck
(DBN)

Jefferies Offers Junior Bankers a Peloton Bike, Apple Perks
(DBN)

______________

Cruise Lines:

Cruises for Americans Are Coming Back—With or Without CDC Blessing
(DBN)

P&O Cruises says travelers will need vaccinations
(DBN)

____________

Tourism:

Sheltered from virus, Kauai plans cautious return to tourism
(DBN)

____________

Student Debt:

Students who got partial loan relief to see full discharge • Students Begin to Receive Loan Forgiveness After Being Defrauded by Corinthian and Other Predatory For-Profit Colleges
(DBN)

Nebraska grandmother sees all of her nearly $90,000 in student loans discharged
(DBN)

Chuck Schumer Is Thorn in Joe Biden's Side on Student Loan Forgiveness
(DBN)

____________

Politics:

Little evidence for the claim McConnell would quickly ditch the filibuster
(DBN)

Latest bipartisan gang tries to save Senate from itself • Can this bipartisan group of senators find common ground?
(DBN)

Democrats Would Regret Nuking the Filibuster
(DBN)

73 Democrats sign on to efforts to expel Marjorie Taylor Greene from the House
(DBN)

For Biden, questions about Cuomo grow harder to ignore • Cuomo ducks media, again, as sexual harassment scandal rages • Cuomo Accused of 'Intimidating Potential Witnesses' and Attempting to Interfere with AG's Sexual Harassment Investigation • Cuomo Tries the Trump Strategy For Surviving Scandal • Trump Ally Lee Zeldin Looks At Challenging Cuomo in New York in 2022 • Cuomo: Sexual Harassment Rife in Capitol
(DBN)

Video of Joe Biden Saying 'President Harris' Viewed Over 2.5 Million Times
(DBN)

GOP re-embraces earmarks, signaling an end to old fiscal tenets
(DBN)

QAnon's 'collateral damage': Families struggle to pull loved ones back from the brink
(DBN)

Ex-Florida state senator paid bogus candidate to 'confuse voters,' police say, in race GOP narrowly won • Former Florida state senator charged with three criminal counts in sham candidate scheme
(DBN)

Republicans seize on immigration as border crossings surge
(DBN)

Senate confirms Xavier Becerra to lead HHS
(DBN)

Zeldin gets testy when asked if Biden won election
(DBN)

Biden faces roadblocks on next agenda moves
(DBN)

Tennessee Republicans Argue Committee Vote to Remove Confederate Statues Is 'Cancel Culture,' Then Suggest Removing Entire Committee • Tennessee Legislature Cancel Cultures Historical Commission For Crime Of Canceling Klan Wizard Nathan Bedford Forrest
(DBN)

Explaining the California recall
(DBN)

Panic buttons and bulletproof vests: Fearful lawmakers stock up on protection
(DBN)

Texas GOP to Make It Harder to Vote
(DBN)

Which is easier in your state: Buying a rifle or voting?
(DBN)

____________

Economy:

Weekly Initial Unemployment Claims increased to 770,000 • Jobless claims unexpectedly jump despite relaxed economic restrictions • US jobless claims rise to 770,000 with layoffs still high
(DBN)

The GOP’s Political Nightmare: Running Against a Recovery
(DBN)

Crisis of Long Term Unemployment Looms
(DBN)

Fed’s Biggest Challenge Could Be an Economy Beating Its Expectations
(DBN)

Krugman Dismisses 1970s-Style Inflation Risk, With Faith in Fed
(DBN)

The Fed's inflation conundrum
(DBN)

Phoenix Lending Survey: Third Stimulus Package Will Cause Inflationary Pressure in U.S. Economy
(DBN)

Global GDP will grow the most since 1980 this year amid widespread vaccination and massive stimulus, Fitch says
(DBN)

US mortgage rates hit a 9-month high - and they've been climbing since January as inflation fears rise
(DBN)

Philadelphia Fed Factory Gauge Sizzles Along With Price Gauge
(DBN)

Biden's stimulus made Americans more confident about the economy than both of Trump's major relief bills
(DBN)

The IRS is moving to issue refunds for Americans who paid taxes on $10,200 in unemployment benefits last year
(DBN)

Protecting the 2020 CARES Act Stimulus Payment in Bankruptcy
(DBN)

U.S. unemployment rate will fall to 4.5% this year, inflation will rise, Federal Reserve projects
(DBN)

Pandemic Shrank Global Middle Class for First Time Since 1990s
(DBN)

Biden has promised not to raise taxes on people earning less than $400,000. What changes he could push for instead
(DBN)

Struggling households would delay these bills if necessary
(DBN)

Another way teleworking is affecting women differently from men
(DBN)

Biden's Tax Plan, Explained
(DBN)

Global Leaders Call for Radical Changes to Tackle Inequality
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

Mortgage applications continue to fall as rates climb
(DBN)

The Appropriations Act – Changes Regarding Commercial Leases in Bankruptcy
(DBN)

Mind the Gap: No Rent Relief for The Gap in New York
(DBN)

New York Mall Owner Tries to Hang On With Debt Storm Swirling
(DBN)

Washington Prime, owner of Polaris Fashion Place, other Ohio malls, slides closer to bankruptcy
(DBN)

The Real Reason Your Local Mall is Failing
(DBN)

Owner of two Dayton-area malls nearing bankruptcy
(DBN)

Bankruptcy judge approves sale of real estate startup Knotel to Newmark unit • Office Share Biz Knotel Sold To Creditor In Del. Ch. 11
(DBN)

U.S. Mortgage Rates Climb to Highest Since June, Hitting 3.09% • Mortgage rates just moved sharply higher, but homebuyer competition is fiercer than ever
(DBN)

Lawler: Early Read on Existing Home Sales in February
(DBN)

New Hampshire Real Estate in February: Sales Up 14% YoY, Inventory Down 64% YoY
(DBN)

Maryland Real Estate in February: Sales Up 12% YoY, Inventory Down 66% YoY
(DBN)

Minnesota Real Estate in February: Sales Up 5% YoY, Inventory Down 52% YoY
(DBN)

Developer plans for 500-home development on defunct Bonita Springs golf course
(DBN)

____________

Municipalities:

Judge Refuses to Toss Criminal Case Against Former Michigan Gov. Rick Snyder in Flint Water Crisis
(DBN)

Dems Introduce Bill to Let Puerto Ricans 'Determine Their Own Political Future'
(DBN)

2021’s Most & Least Federally Dependent States
(DBN)

Oral arguments heard in suit to void Illinois GO debt
(DBN)

____________

Oil/Gas:

Report: World demand for gasoline may never recover
(DBN)

Fossil Fuels will Dominate for Decades
(DBN)

Oil's swift rout triggers the biggest weekly loss since October
(DBN)

Offshore Driller Restructurings Following COVID-19 and Price War Pressures
(DBN)

21 Republican-led states sue Biden over Keystone XL rejection
(DBN)

HighPoint Resources Announces Prepackaged Plan Confirmed By Court
(DBN)

____________

Bankruptcy Crimes:

CEO of Texas ambulance company pleads guilty to bankruptcy fraud
(DBN)

____________

Fraud:

Prosecutors Using FIRREA to Investigate Pandemic Conduct
(DBN)

Do-Nothing DNA Kit Spurs Fraud Charges in Echo of Theranos
(DBN)

____________

Autos:

2 night shifts canceled at Louisville Ford Assembly plant due to ongoing global parts shortage • Ford cutting shifts, partially building F-150 pickups and Edge SUVs due to chip shortage
(DBN)

Westin Book Cadillac facing foreclosure amid lengthening pandemic
(DBN)

____________

Healthcare:

Elite Dallas spine surgeons get prison time for role in Forest Park hospital kickback scheme
(DBN)

Vaccine restrictions vanish in pockets of the U.S., offering a glimpse of the future
(DBN)

CDC to revisit advice on spacing between students
(DBN)

‘I totally disagree with you,’ Fauci tells GOP senator in fiery debate on masks • As Rand Paul Fights Fauci on Masks, COVID Resurges in Michigan, New Jersey
(DBN)

'Very promising' data shows vaccines may stop Covid transmission, but big questions remain
(DBN)

NYC Mayor Rips Cuomo for Power Play in Lifting Group-Fitness Ban
(DBN)

Experts: Virus surge in Europe a cautionary tale for US
(DBN)

US could be on the cusp of a surge in Covid-19 infections, but vaccinations will limit the damage
(DBN)

Biden expected to hit 100 million vaccinations goal as early as Thursday • Biden says U.S. to hit 100 million virus shots on Friday
(DBN)

Chart: U.S. vaccine production is starting to surge
(DBN)

Once Again the Pandemic Could Get Worse
(DBN)

Oklahoma Diner Customers Tell CNN They Won’t Get Vaccinated Even If Trump Told Them to: Why Listen to a ‘Liberal New Yorker’ Like Him? • Trump’s tepid, halfhearted endorsement of Covid-19 vaccines, explained
(DBN)

When will it be over? 3 key numbers scientists are watching to track the pandemic
(DBN)

Biden plans to send COVID shots to Mexico, Canada
(DBN)

____________

Sports:

March Madness returns
(DBN)

NFL Signs $100Bn in Media Deals
(DBN)

____________

Climate:

Climate-Linked Downgrades Risk $270 Billion-a-Year Price Tag
(DBN)

Nearly half the U.S. is in a drought that is expected to grow worse, NOAA says
(DBN)

Will Biden succeed on climate change? Ask Joe Manchin.
(DBN)

Biden administration revives EPA page on climate change
(DBN)

Fed's attention to climate risk draws ire from Republicans
(DBN)

____________

Biotech:

Co-founders of San Francisco biotech startup uBiome charged with fraud
(DBN)

____________

Coal:

Coal miner Peabody's CEO Kellow to step down
(DBN)

US coal default risk down in 2021, but access to capital still a challenge
(DBN)

Coal Mines Seen Posing Additional Climate Threat With Gas Leaks
(DBN)

____________

History:

Molly Pitcher, the Most Famous American Hero Who Never Existed
(DBN)

____________

New Bankruptcy Opinions
(2 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (14 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (19 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:

US corporate bankruptcy tally grows by 31 in early March
(DBN)

______________

Constitution:

How U.S. Constitution’s Contracts Clause Bans State Bankruptcy Laws (Sturges v. Crowninshield)
(DBN)

____________

D&O:

Wear Your Mask, Keep Your Distance and…Update Your D&O Insurance
(DBN)

____________

Finance:

NY Mezzanine Foreclosure Ruling May Limit Borrower Options
(DBN)

Australian regulators probe governance issues linked to Greensill parent’s collapse
(DBN)

Greensill creditors, led by Softbank, make $1.4 bln in claims to Australia parent
(DBN)

Greensill creditors compete for assets
(DBN)

Germany’s Greensill Bank’s indemnification: implications for creditors
(DBN)

Sanjeev Gupta’s Trophy Deal Shows How He Built a Shaky Empire on Debt
(DBN)

____________

Aviation:

Airlines test new digital passports as proof of vaccination or Covid test results
(DBN)

Biden eyes mid-May to begin relaxing Covid travel restrictions, sources say
(DBN)

Costa Rica-To-Miami American Airlines Delayed Nearly 8 Hours After Flight Crew Robbed At Gunpoint
(DBN)

Norwegian Air Dumps Boeing 737 MAX • Norwegian Air’s shareholders reported to back restructuring plan
(DBN)

Gambler who bet millions on AirAsia wants everyone to notice
(DBN)

Thai Airways disputes $7.4bn of aircraft lessor claims
(DBN)

SAA rescue practitioners keen to exit the process at the end of March, creditors told
(DBN)

British Airways set to abandon Heathrow headquarters
(DBN)

____________

Education:

Education Secretary Cardona says expanding testing, vaccines will help keep schools open
(DBN)

Admin frees $10B for Covid testing to speed school reopenings
(DBN)

US schools prepare summer of learning to help kids catch up
(DBN)

____________

Hotels:

Hotels: Occupancy Rate Highest in a Year; Down 26% Compared to Same Week in 2019
(DBN)

____________

Retailing:

Neiman Taps Junk-Bond Market to Refinance Bankruptcy Exit Debt
(DBN)

Retailers seize the moment to open stores as rents fall • Retailers Nationwide Eye Vacant Space As Growth Opportunity
(DBN)

Americans are starting to buy real clothes again
(DBN)

Bankruptcy — A New Beginning for Smaller Businesses
(DBN)

Pandemic bankruptcies: A running list of retailers that have filed for Chapter 11
(DBN)

____________

Religion:

Vatican cardinals defend gay union blessing ban amid dissent • European priests plan to bless same-sex unions in defiance of Vatican decree
(DBN)

Catholic bishops meet with U.S. Treasury head to discuss COVID economic crisis
(DBN)

Report on clergy sexual abuse in Germany finds dozens of cases mishandled by archbishop, others
(DBN)

____________

Banking:

Credit Suisse Replaces Asset Management Head Amid Fallout From Greensill Capital Bankruptcy
(DBN)

____________

Utilities:

Gas shortages played larger role in Texas blackouts, ex-ERCOT monitor suggests
(DBN)

Texas PUC Head: Yeah, I Sold Texans Out
(DBN)

Texas's chief energy regulator fiercely defended fossil fuels after historic blackouts. She also profits from oil and gas.
(DBN)

Electricity repricing bill hits wall in House, marking first major schism with Senate this session • Texas House Speaker says ERCOT charges ‘not an error’ while Lt. Gov. says ‘clock is ticking’ to help Texans
(DBN)

Texas lieutenant governor urges governor to roll back storm power pricing
(DBN)

Texas Lawmakers Advance Bills to Prevent Another Energy Crisis
(DBN)

Data From 10 States Shows Alarming Number of Utility Shutoffs During Pandemic
(DBN)

____________

Mass Torts:

Plan to Establish Trust for Harvey Weinstein Victims Won't Be Delayed, Delaware Judge Says
(DBN)

____________

UK:

Irish Imports from Great Britain Fall 65% as Brexit Takes Hold
(DBN)

U.K. Confidence at Pandemic High as Britons Look Beyond Lockdown
(DBN)

U.K. Regulator Says Astra Covid Shot’s Benefits Outweigh Risks
(DBN)

Vaccine manufacturer claims Biden and India at fault for UK delays
(DBN)

Emmanuel Macron backs EU threat to block vaccine exports to UK
(DBN)

Britain’s Boris Johnson to receive first dose of AstraZeneca vaccine, urges others to do the same
(DBN)

Jobs support pushes borrowing to February record
(DBN)

UK’s ability to bolster Brexit deal to be hit by ‘career graveyard’ of Brussels work, Boris Johnson warned
(DBN)

U.K. Edges Closer Toward Limited Brexit Finance Deal With EU
(DBN)

____________

Canada:

Canadian new-home prices rising at fastest pace in three decades
(DBN)

____________

EU:

While its AstraZeneca covid vaccinations are suspended, Europe is confronting a third wave
(DBN)

Oxford-AstraZeneca vaccine is safe, Europe's drug regulator rules • EU drug agency discounts any link between vaccine and clots
(DBN)

E.U. threat on vaccine exports escalates feud with U.S. and U.K.
(DBN)

____________

Brazil:

Brazil health service in 'worst crisis in its history'
(DBN)

____________

France:

Paris region to enter month-long coronavirus lockdown • Paris plunged into Covid lockdown from midnight for a month as country is gripped by third wave & EU vaccine shambles • France’s New Lockdown Won’t Stop Consumer-Led Recovery
(DBN)

____________

Germany:

German Cases Soar to Two-Month High as Lockdown Decision Nears
(DBN)

____________

Singapore:

Simplified Insolvency Programme
(DBN)

____________

India:

IBC To Come Back To Life Again. What To Expect?
(DBN)

Unresolved riddle of the code and acknowledgment of debt
(DBN)

Covid pandemic pushes 75 million more people into poverty in India, study shows
(DBN)

____________

Malaysia:

Fewer companies likely to go bust with higher debt threshold
(DBN)

____________

China:

Luckin Coffee announces restructuring plan
(DBN)

___________


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