March 23, 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

Format For Mobile Device



Law:

WOW!!! Once Again, Davis Polk Raises The Bar On Bonuses Davis Polk Paying Associates Spring, Fall Bonuses in 2021
(DBN)

Davis Polk Bias Suit Has Lawyers Pointing Fingers at Each Other
(DBN)

Willkie Farr announces a second round of special bonuses, only to be outdone by Davis Polk
(DBN)

Prosecutor’s DoorDash side gig leads to demotion
(DBN)

CUNY Law School Dean Leaving Over 'Slaveholder' Remark
(DBN)

This Law School Really Cares About Providing Equal Opportunities For Women
(DBN)

This Mom Is Using OnlyFans To Finance Her Daughter's Law School Tuition
(DBN)

Lawyer Claims Cuomo Attempting To Interfere With AG Investigation... Again
(DBN)

Orrick hopes to battle burnout with ‘unplug time’ policy
(DBN)

Goldman Sachs’ Outgoing Legal Chief Earned $9 Million Last Year
(DBN)

Man charged with assaulting Capitol police officer Sicknick to remain in jail Oath Keeper Who Stormed Capitol Is Struggling to Cope Because He's a 'Family Man' with ‘No Previous Experience’ Being Jailed, Lawyers Claim
(DBN)

Boulder Police Confirm 10 People Killed in Mass Shooting, Including Police Officer Colorado marks latest mass tragedy after 10 killed Police: 10 people killed in Colorado supermarket shooting Gunman with an 'AR-15-style' rifle shoots and kills at least 10 people at a Boulder grocery store - including hero father-of-seven cop, 51, who was first to respond Colorado man livestreams Boulder supermarket shooting
(DBN)

Satan’s Lawyers Try Christian-Right Tactics to Erect Winged Goat
(DBN)

Supreme Court will consider restoring the Boston Marathon bomber's death sentence
(DBN)

Judge seeks at least two more jurors for Chauvin trial ahead of next week's opening statements 14th juror seated for ex-officer’s trial in Floyd’s death
(DBN)

Lawyer Sidney Powell Tells Judge 'No Reasonable Person' Would Believe Her Dominion Conspiracy Theories Were 'Statements of Fact' Sidney Powell's defense lawyers say her conspiracy theories about Dominion were way too outlandish to be taken seriously
(DBN)

Mo Brooks should be disbarred for pushing election fraud, SPLC says
(DBN)

Wall Street billionaire Leon Black steps down as CEO and chairman of Apollo effective immediately, 2 months after an investigation into his Jeffrey Epstein links
(DBN)

Biden officials travel to Mexico and Guatemala for border surge solutions Biden admin could lift press limits at border this week, as migrant surge rankles White House GOP Sen. John Cornyn lamented on Twitter that the Biden administration treats all immigrants humanely Photos of migrant detention highlight Biden’s border secrecy
(DBN)

White Headmaster Made Black Student Get on Knees to Apologize the 'African Way,' Mother Says
(DBN)

Three Women Drop Sex Trafficking Suit Against Harvey Weinstein After Agreement On Victims’ Fund
(DBN)

Judge Denies Ghislaine Maxwell's Third Attempt to Get Out of Jail Before Sex-Trafficking Trial
(DBN)

How Police Body Cameras Help Police Behave
(DBN)

Judge: DNA evidence collected through phony survey can be used in 1976 murders
(DBN)

Violence Against Women Act’s Reauthorization Targets Major Gun Loopholes
(DBN)

______________

Judges:

BK WD PA Bars Recording Of Zoom Hearings
(DBN)

Biden Can Make Mark on Judiciary with Trial Court Appointments
(DBN)

Federal appeals judge blasts landmark libel ruling, says it enhances power of overwhelmingly liberal media
(DBN)

Farm Owners Made Anti-Union Arguments to Supreme Court, and It Did Not Go Well Supreme Court Questions Union Access to Agricultural Company Land
(DBN)

Chief Justice Roberts Expresses Deep 'Concerns' About Presidents Being Able to Designate 'Submerged Land About the Size of Connecticut' as a Monument
(DBN)

______________

Wall Street:

Stock futures fall on one-year bull market anniversary, Dow futures dip 140 points
(DBN)

Goldman Says Global Stock Markets Are Nowhere Near Risky Bubble
(DBN)

Goldman CEO Vows to Better Protect Junior Bankers’ Saturdays Off Goldman Sachs boss responds to leaked report into 'inhumane' working hours
(DBN)

Overstimulated? Stocks soar 75% in historic 12-month run
(DBN)

______________

Cruise Lines:

Cruise Liners Still In COVID-Troubled Waters, Industry Says
(DBN)

____________

Politics:

Trump predicted news ratings would 'tank if I'm not there.' He wasn't wrong.
(DBN)

Trump ramps up activities, asserts power within GOP
(DBN)

Trump continues to insist that Pence should have 'gone back' after the Capitol riots to overturn the 2020 election results
(DBN)

DC’s long-simmering statehood push begins in Congress Bowser, advocates make the case for D.C. statehood at House committee hearing DC Statehood Isn't Likely
(DBN)

Trump says removing filibuster would be "catastrophic for the Republican Party"
(DBN)

GOP Congressman Is Very Sorry for Unhooking a Woman’s Bra Without Her Consent
(DBN)

Poll: 31 percent of Republicans think their party backs the American Rescue Plan
(DBN)

____________

Autos:

Chip shortage has some Detroit carmakers struggling to maintain truck production
(DBN)

Ford Has to Cut More Shifts Over Microchips
(DBN)

____________

Tech:

Fire at Japanese plant is latest blow to global chip industry
(DBN)

____________

Fraud:

Father of fraudster urges judge to send son to prison for maximum time possible: ‘I am ashamed of him’
(DBN)

____________

Religion:

St. John’s, N.L., diocese to sell property to settle Mount Cashel abuse claims
(DBN)

Preachers and their $5,000 sneakers: Why one man started an Instagram account showing churches’ wealth
(DBN)

Pa. Senate GOP won’t fast-track child sex abuse lawsuit ‘window’
(DBN)

____________

Debt Collection:

CFPB Submits 2020 Report to Congress on the Administration of the Fair Debt Collection Practices Act
(DBN)

____________

Climate:

Study shows water hundreds of feet below the surface of Lake Michigan is warming
(DBN)

____________


Economy:

COVID-19 dealt millennials the biggest employment hit of the last 20 years - and younger Americans were already at risk of becoming a 'lost generation'
(DBN)

Seven High Frequency Indicators for the Economy
(DBN)

What Keeps Economists Up at Night?
(DBN)

U.S. Firms Pay Penalties to Refinance as Inflation Fears Loom
(DBN)

U.S. Inflation Risks Mount Along With Debt Concern, Survey Shows
(DBN)

US credit markets poised for a bumpy ride when Fed eventually tapers QE
(DBN)

U.S. Banks’ Loans Drop to Another Record Low as Deposits Surge
(DBN)

Delays in aid continue for unemployed workers one year into the pandemic
(DBN)

Vaccine passports would get the U.S. back to normal faster
(DBN)

Consumers more confident about making mortgage or rent
(DBN)

Microsoft to start bringing workers back to headquarters
(DBN)

The top 1% of high-income households in the US fail to report 20% of their income, a new paper reveals
(DBN)

Elizabeth Warren and AOC want to spend $500 billion to create 1 million green infrastructure jobs
(DBN)

Biden Team Prepares $3 Trillion in New Spending for the Economy
(DBN)

U.S. Companies Are So Eager To Refinance, They’ll Pay Penalties
(DBN)

White House officials to meet with energy industry execs ahead of climate, infrastructure plan, sources say
(DBN)

Biden advisors reportedly plan $3 trillion more spending on infrastructure, universal pre-K, climate-change initiatives White House considers splitting $3 trillion recovery plan into two bills, report says
(DBN)

Biden is reportedly getting even more serious about taxing the wealthy Biden Determined to Tax Rich After Windfalls During Crisis
(DBN)

The uneasy intimacy of work in a pandemic year
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

Chapter 11 Changes for Landlords and Tenants Under Consolidated Appropriations Act
(DBN)

NAR: Existing-Home Sales Decreased to 6.22 million in February Comments on February Existing Home Sales Existing home sales data: Look at year-over-year growth
(DBN)

Some landlords turning down rental aid
(DBN)

MBA Survey: "Share of Mortgage Loans in Forbearance Decreases to 5.05%"
(DBN)

Housing Inventory March 22nd Update: At Record Lows
(DBN)

Washington Prime Said to Seek $150 Million Bankruptcy Loan
(DBN)

Manhattan Luxury Home Contracts Topping Their Pre-Pandemic Pace
(DBN)

CBL Properties Announces Agreement With Credit Facility Lenders and Unsecured Noteholders Paving the Way for a Fully Consensual and Comprehensive Restructuring
(DBN)

WeWork tells investors it lost €2.7bn last year as it woos them for Spac deal
(DBN)

Shortly after filing for bankruptcy, Knotel turned to WeWork Alum to chart a new path Knotel to tap former top WeWork exec as CEO
(DBN)

How a Golf Community Recovered From a Near-Death Experience
(DBN)

____________

Municipalities:

Why Some Cities Thrive, Others Die
(DBN)

____________

Oil/Gas:

California Resources picks interim CEO for top job
(DBN)

It Hasn’t Been This Cheap for U.S. Shale to Refinance in Seven Years
(DBN)

Biden Climate Chief to Meet Oil Leaders Wary of Crackdown
(DBN)

Vantage Drilling to Operate Seadrill Rigs
(DBN)

The Fossil Fuel Industry Would Be Screwed Without the U.S. Government Propping It Up
(DBN)

____________

Utilities:

Griddy bankruptcy plan will forgive millions in bills, but process will take months
(DBN)

California wildfire sparked when tree hit power line: Report
(DBN)

Scrutinized Ohio utility hires ethics, compliance officer
(DBN)

Texas Freeze Forces Corpus Christi Bond Sale After Huge Gas Bill
(DBN)

____________

Healthcare:

State Agency Approved Sale of Chicago Hospital to Non-Profit Mercy Hospital closer to remaining open with sale’s approval Delay Sought in Sale of Chicago’s Oldest Hospital to Insight
(DBN)

Colorado prepares to lift its COVID mask mandate
(DBN)

Miami’s South Beach confronts disastrous spring break Overwhelmed Miami Beach extends spring break curfew
(DBN)

CDC director: U.S. could see an "avoidable surge" of COVID-19 as states loosen restrictions
(DBN)

N.J. reports 28 COVID deaths, 2,608 cases as state leads nation in new positive tests
(DBN)

Dr. Gottlieb: CDC needs to adapt Covid guidance quicker, with more transparency
(DBN)

Covid cases rise across more than half of the U.S. as country races to vaccinate
(DBN)

WHO says most regions of the globe are seeing an increase in Covid cases
(DBN)

AstraZeneca may have included outdated data in Covid vaccine trial, U.S. health agency says Reputation of AstraZeneca’s COVID vaccine marred by missteps
(DBN)

US is About to Reach a Vaccine Surplus
(DBN)

NY to open Covid vaccine eligibility to people 50 and older, Gov. Cuomo says
(DBN)

Top Fox producer dies from coronavirus
(DBN)

3 Hawaii residents fully vaccinated against COVID-19 are infected with the coronavirus
(DBN)

'We Are In A New Pandemic' Due To Virus Variant: Merkel
(DBN)

____________

Pharma:

Purdue Pharma Consultant to Pay Nevada $45 Million in Opioid Settlement
(DBN)

Opioid liability focus of House Democrats in new bill targeting Purdue Pharma lawsuits
(DBN)

____________

Coal:

Another bankrupt coal company gets to walk away without cleaning up its mining mess
(DBN)

____________

 


New Bankruptcy Opinions
(5 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (6 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (7 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)

______________

Involuntary Bankruptcy:

Supreme Court Skirts Defining ‘Bad Faith’ Involuntary Bankruptcy
(DBN)

____________

Bankruptcy Reform:

A Business Bankruptcy Overview: How Subchapter V, the CARES Act and the Consolidated Appropriations Act Have Expanded Relief for Businesses and Business Owners in Bankruptcy
(DBN)

____________

D&O:

Delaware Trial Court Holds that Fraudulent Transfer Claim by Bankruptcy Trustee is a “Securities Claim”
(DBN)

____________

Retailing:

Paper Source Bankruptcy Leaves Vendors In Payment Limbo
(DBN)

Apparel Retail’s Year in Bankruptcy Court
(DBN)

Tiger Capital’s Gail Glave on the Art of Liquidations
(DBN)

Laurent Mainil: "Customer behavior in the fashion industry has fundamentally changed"
(DBN)

$1.1 Billion Refinancing at Neiman’s; Confidential Memorandum Reveals Challenges
(DBN)

6 charts show how a pandemic upended retail supply chains
(DBN)

____________

Aviation:

Air Travelers Break 1.5 Million Mark For First Time
(DBN)

Thai Airways challenging claims of over $7 billion from leasing companies and Rolls Royce
(DBN)

Irish High Court to decide on Norwegian Air's debt restructuring this week
(DBN)

____________

Insurance:

Pennsylvania’s Bedivere Insurance Company to Be Liquidated
(DBN)

____________

Education:

More schools are reopening. Here's how to prepare kids for The Return.
(DBN)

As schools prep for April reopening, LAUSD survey shows less than 30% of students ready to return to campuses
(DBN)

Biden promised to end federal funding of for-profit charter schools. A new report explains how they operate.
(DBN)

NYC Opens High Schools, Offers New Chance for Students to Return
(DBN)

Teachers lament ‘chaotic’ virus rules in German schools
(DBN)

____________

Sovereigns:

Province of Buenos Aires Debt Documents Show Talks Stalling
(DBN)

____________

UK:

Top Business Chief Accuses Brexit of Causing Major Harm to U.K.
(DBN)

The UK's Hard Brexit Choices Have Arrived
(DBN)

Boris Johnson Acquires Second Brexit Jet
(DBN)

Cladding crisis: 'I feel constantly sick and stressed'
(DBN)

Boris Johnson warns Europe's third wave will hit UK - but is 'reassured' EU doesn't want jabs 'blockade'
(DBN)

‘The last 12 months has taken a huge toll on us’: The UK after a year of lockdown
(DBN)

____________

EU:

Lockdowns return or are extended as third wave of Covid sweeps Europe
(DBN)

____________

Canada:

The CAA’s Impact on Commercial-Real-Estate Bankruptcies
(DBN)

____________

Germany:

German businesses say Easter lockdown will fuel bankruptcies
(DBN)

Germany extends virus lockdown till mid-April as cases rise
(DBN)

____________

Russia:

Putin says he'll get vaccinated Tuesday
(DBN)

____________

China:

U.S., U.K., EU and Canada sanction Chinese officials over Uyghur abuses
(DBN)

____________

Chile:

Vaccine Standout Chile Battles Virus Flare-Up With More Quarantines
(DBN)

____________

MENA:

Builder of Burj Khalifa, Louvre Abu Dhabi files for bankruptcy World Rise and fall of UAE Arabtec: From building Burj Khalifa in Dubai and Louvre Abu Dhabi, to filing for bankruptcy
(DBN)

Arabtec's bankruptcy application in the hands of expert panel
(DBN)

Lebanon's Economy is in Financial Collapse Cabinet talks in Lebanon break down, heralding more collapse
(DBN)

Israel's Totally Crooked Prime Minister
(DBN)

____________

South Korea:

SsangYong's prepackaged bankruptcy plan shows no progress
(DBN)

____________

Mexico:

Politicians keep getting killed in Mexico
(DBN)

____________

Cayman Islands:

Insolvency & Dispute Resolution: Implementation of a Stand-alone Restructuring Regime in Cayman & Part V Reforms
(DBN)

____________

Venezuela:

PDVSA's Bonaire oil terminal declares bankruptcy, citing U.S. sanctions on Venezuela
(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 subptption 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 phone or text us at 281-402-3957. You can email us 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