March 24, 20201

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Am Law 100 Firm Jumps Into Spring 2021 Special Bonus War
(DBN)

Law-Firm Associates, You're Sitting Pretty Compared to Goldman Sachs Junior Analysts (who make about $18.20 p/h)
(DBN)

McCarter & English Legal Fees, Malpractice Suit Heads to Trial
(DBN)

DLA Piper targets 30% global female partnership by 2025
(DBN)

Holiday counts towards billable hours, Orrick tells London lawyers
(DBN)

Top 20 U.S. Law Firm Brands
(DBN)

3rd Circuit calls out lawyer for ‘copy-and-paste’ appeal, orders him to pay attorney fees
(DBN)

Law dean reveals retirement was due to ‘slaveholder’ comment; remark followed tenure controversy • Details Emerge Of Chain Of Events Culminating In CUNY Law Dean 'Slaveholder' Remark • Self-Cancellation: CUNY Law Dean Resigns And Seeks Counseling After Referring To Herself As A “Slaveholder”
(DBN)

Second Gentleman Doug Emhoff Misses DLA Piper, But Loves Teaching At Georgetown Law
(DBN)

Kirkland & Ellis Dominates Major Bankruptcy Filings (Podcast)
(DBN)

Former Sidley Partner's Mental Health Struggle Resonates With Attorneys
(DBN)

Magic Circle Firm Offers Voluntary Buyouts To All Of Its London Secretaries
(DBN)

Biden Expected to Name First Black Manhattan U.S. Attorney
(DBN)

Former Merrick Garland Clerk Expected to Head U.S. Attorney’s Office in Manhattan, Where He Would Oversee Several High-Profile Cases
(DBN)

The Law School Rankings Rat Race Has New Cheese
(DBN)

U.S. News Denies Report That It Will Replace The 40% Reputation Component With HeinOnline Citations In Next Year's Law School Rankings
(DBN)

Pro-Trump lawyer Sidney Powell says ‘no reasonable person’ believes election claims were ‘statements of fact’ • Sidney Powell gives up the game, admits Trump’s election conspiracies weren’t factual • Sidney Powell lawyers argue no reasonable person would have accepted her stolen election claims as fact • Sidney Powell Asserts The 'I'm Full Of Sh*t' Defense In Dominion Defamation Suit • Sidney Powell Uses Same Defamation Defense as Tucker Carlson's Fox Show • Honig: Sidney Powell's 'Fox News defense' won't work legally • Sidney Powell Throws Trump Under the Bus • ‘Kraken Cracks Under Pressure’: Ga. Secretary Of State Rips Sidney Powell After She Ditches Voter Fraud Fight
(DBN)

West Virginia man charged in assault on Capitol officer is ordered held pending trial • Woman Seen Shaking a Tambourine Inside the Capitol on Jan. 6 Identified as Former NYPD Officer. She's Been Arrested and Charged •Capitol rioters' Trump donations show how much they bought into his election fraud lie
(DBN)

DOJ refers former Capitol riot prosecutor for internal investigation after '60 Minutes' interview • Ex-Acting U.S. Attorney Was Referred for DOJ Probe After Talking About Sedition During ‘60 Minutes’ Interview
(DBN)

Federal Judge to Probe Former Top D.C. Prosecutor's '60 Minutes' Interview in Oath Keepers Case; Proud Boy Also Demands Review
(DBN)

Full jury seated ahead of Derek Chauvin trial
(DBN)

Leon Black To Spend Even More Time With His Alibis For That Visit To Jeffrey Epstein’s Sex Island
(DBN)

Suspect in Boulder grocery-store attack identified, police say • ‘Very Anti-Social’: Suspect in Boulder Supermarket Massacre Was Paranoid, Brother Says • Suspect was reserved but mercurial • Gunman Wrote About Massacres on Facebook • Boulder's assault weapons ban, meant to stop mass shootings, was blocked 10 days before grocery store attack • Boulder voted to ban assault weapons 3 years ago. A court this month blocked the ban. • Colorado shooting victims included store workers, officer • Eric Talley, officer killed in Boulder shooting, loved his job and his seven children: 'That was his life' • 'Unfathomable pain': Democrats renew argument for gun control after back-to-back shootings • Biden demands Congress tighten gun laws in wake of Boulder, Atlanta shootings • Colorado NRA Group Praised Boulder Gun Control Defeat Week Before Shooting • Boulder massacre suspect purchased gun 6 days before shooting • Obama on Boulder shooting: ‘Disaffection, racism and misogyny’ drive killings • Syrian-born gunman Ahmad Alissa, 21, was known to FBI and ranted about 'Islamophobes hacking his phone' before killing ten • Our First Look at the Boulder Mass Shooting Suspect Behind Bars
(DBN)

How Many Mass Shootings Does the U.S. Experience? • Two mass shootings just days apart. Experts call it a return to normal.
(DBN)

America's Gun Problem, Explained
(DBN)

Trump officials hindered at least 9 key oversight probes, watchdogs said. Some may be released in coming months.
(DBN)

Migrant teens and children have challenged three administrations, but Biden faces rush with no precedent • Biden team searching for new ways to slow border surge • 'My dream is to meet my dad': They crossed the border alone to reunite with parents • Biden aims to prevent border crossings from swamping agenda • Biden administration releases video from inside crowded migrant detention facilities • HHS seeking use of two Texas military posts to house unaccompanied minors, Pentagon says • Girl’s solo journey to US border shows risks parents take
(DBN)

Mexicans Are Pouring Back Into U.S. After Leaving Years Earlier
(DBN)

14th woman files lawsuit accusing Houston Texans QB Deshaun Watson of sexual misconduct
(DBN)

Top Philippine Court Condemns Murders, Attacks Against Lawyers
(DBN)

NYPD officer, twice arrested for alleged brutality, fired gun at Atlantic Ocean, police say
(DBN)

Social distancing dispute leads to hate crime charges against Florida doctor
(DBN)

Uber Driver Arrested for Trapping Passenger
(DBN)

After Scoring Partial SCOTUS Win in Gay Wedding Cake Case, Baker Refuses Service to Transgender Woman and Ends Up in Court Again
(DBN)

Louisiana may owe abortion clinics' lawyers $8.6 million
(DBN)

Thin Mint Theft: Girl Scout Troop Leader Charged with Felony After Allegedly Stealing Cookie Money Over 5-Year Period
(DBN)

Re-hearing for junior solicitor struck off after losing work briefcase
(DBN)

______________

Judges:

Judge’s Retweet Revives Prisoners’ Religious Exercise Lawsuit
(DBN)

______________

Wall Street:

Stocks are set to rebound with Dow futures up 100 points, Intel shares gain
(DBN)

Asia markets fall again as virus fears hit confidence
(DBN)

Stocks close broadly lower on Wall Street as banks stumble
(DBN)

Most investors now say the stock market is "rigged"
(DBN)

______________

Education:

Pandemic leading to an increase in permanent closures of Catholic schools
(DBN)

Gen Z is paying double what boomers paid for college - and the gap will only widen in the future
(DBN)

All Massachusetts elementary schools will be fully in-person by May 3, state says
(DBN)

AP-NORC poll: Learning setbacks a top concern for parents
(DBN)

____________

Movie Theaters:

Regal Cinemas to reopen in April, strikes new deal with Warner Bros.
(DBN)

Cineworld announces Warner Bros deal that shortens exclusivity
(DBN)

AMC Entertainment Has a New Price Target: $0.01
(DBN)

Disney thought the pandemic would have eased up by May. It has changed its mind.
(DBN)

____________

Climate:

Biden faces 'moment of truth' as he weighs key U.S. climate promise
(DBN)

GOP Sen. Ron Johnson falsely claimed Greenland only recently froze and now admits he has 'no idea' about its history
(DBN)

Nearly a year's worth of rain fell in 6 days in parts of Australia
(DBN)

How stalling growth hurts the planet
(DBN)

60 largest banks in the world have invested $3.8 trillion in fossil fuels since the Paris Agreement
(DBN)

____________

Religion:

With vaccinations rising, religious groups eye bigger gatherings at upcoming major holidays
(DBN)

James Huntsman, of prominent Utah family, files fraud lawsuit against Mormon church
(DBN)

____________

Student Debt:

The U.S. already has student debt forgiveness—but barely anyone gets it
(DBN)

____________

Bankruptcy Crimes:

Missouri Couple Charged With Bankruptcy Fraud
(DBN)

____________

Politics:

Biden Cabinet near complete but hundreds of jobs still open
(DBN)

Congresswoman Lauren Boebert criticized for tweeting about Biden during shooting in her state
(DBN)

QAnon now pushes alarming conspiracy myths targeting China and Jewish people
(DBN)

Eric Greitens resigned as Missouri governor over an affair and blackmail claims. Now he's running for Senate.
(DBN)

Cuomo Impeachment Probe Kicks Off With Hearing, Tip Line
(DBN)

Filibuster: A "nuclear winter" foretold
(DBN)

Biden prepared to chuck filibuster in historic push to re-engineer America, quickly
(DBN)

____________

Utilities:

Texas Utility Sues Suppliers for Price-Gouging After February Storm
(DBN)

Brilliant's Ch. 7 Doesn't Need 'Fancy' Bid Process, Judge Says
(DBN)

When It Comes To Fixing Its Electricity Woes, Texas Leaders Are ‘Out Of Altitude, Airspeed, And Ideas’
(DBN)

Judge mulls requiring PG&E to turn off power more frequently
(DBN)

____________

Sports:

Miami Heat to open vaccinated-only sections for fans on April 1
(DBN)

____________

History:

Impeached for Cracking Down on KKK
(DBN)

____________

Maritime:

One of the world's biggest ships is stuck sideways in the Suez Canal. No one can pass.
(DBN)

____________

Economy:

Chicago Fed's activity index shows U.S. economy in decline
(DBN)

How many jobs is the US likely to add this year?
(DBN)

Charted: The Gen Z Unemployment Rate, Compared to Older Generations
(DBN)

Survey shows how the pandemic has impacted Americans’ retirement plans
(DBN)

Fed’s Kaplan said he expects an interest rate hike in 2022
(DBN)

The Fed won't raise rates for years. Here's why that might be a bad thing
(DBN)

Powell plays down inflation — again — while Yellen sees possible return to full employment by 2022
(DBN)

S&P: There Has to be a Fiscal Correction
(DBN)

Yellen, Powell say more needed to limit US economic damage
(DBN)

U.S. Treasury's Yellen sees post-COVID growth, possible full employment in 2022
(DBN)

Fed chair, treasury secretary's message to Congress: Recovery has a long way to go
(DBN)

Surprising Business-Spending Growth Delivering for U.S. Economy
(DBN)

U.S. Satisfaction Continues to Improve in March
(DBN)

Powell says U.S. economy 'looks to be strengthening'
(DBN)

The US is recovering faster than expected but economic rebound is far from complete, Fed’s Powell says
(DBN)

Thousands blow $1,400 stimulus checks in Vegas after Nevada lifts restrictions and the Strip roars back to life
(DBN)

Biden will regret the $1.9 trillion stimulus because it squanders the money he’ll need for other priorities
(DBN)

College students hanging tight onto stimulus money
(DBN)

How COVID assistance for a family of 4 can balloon to $69,440 over 17 months
(DBN)

10 ways office work will never be the same
(DBN)

The remote revolution spreads beyond tech
(DBN)

Citigroup CEO calls for Zoom-Free Fridays, new holiday amid pandemic fatigue
(DBN)

A Burbank restaurant that defied lockdown orders has threatened to take the city to the Supreme Court, saying small business owners 'were left to die'
(DBN)

The sometimes-fuzzy $400,000 threshold in Biden's tax plan
(DBN)

Trillions in Covid relief and infrastructure spending means we'll all pay later
(DBN)

White House eyes tax increases on companies and the wealthy to fund infrastructure, setting up clash with GOP • Wealth tax, estate tax, capital gains: Here’s how Democrats want to tax the super rich
(DBN)

Congress wonders how to pay for Biden's infrastructure proposal
(DBN)

Yellen: 'Global race to the bottom' in corporate tax
(DBN)

Biden's New Deal: Re-engineering America, quickly
(DBN)

A downturn in travel of pandemic proportions
(DBN)

San Francisco’s move to the orange tier means downtown offices can reopen. But will they?
(DBN)

Unvaccinated Americans Returning to Pre-Pandemic Activities at Higher Rates
(DBN)

As the country slowly re-opens, be ready for this question before going back to the office
(DBN)

Who Americans Spend Their Time With, by Age
(DBN)

The rise of the dreaded "workcation"
(DBN)

Damage from virus: Utility bills overwhelm some households
(DBN)

PPP loan changes came too late for smallest businesses
(DBN)

Oakland launches guaranteed pay plan for low-income people • Oakland will give some families of color $500 a month, one of the biggest tests yet for guaranteed income
(DBN)

China Has Bought Only a Third of U.S. Goods Required by Trade Deal
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

Bankruptcy Courts’ Willingness To Apply Rarely-Invoked Force Majeure Clauses During Pandemic Enhances Debtors’ Restructuring Options for Non-Residential Real Property Leases
(DBN)

U.S. home sales decline but prices still rise double digits • New home sales plunge 18.2%, but demand stays strong
(DBN)

New Home Prices
(DBN)

Homebuyer mortgage demand inches higher, but rates hit highest level since summer
(DBN)

Door is shut to millions of American homeowners in need of mortgage relief as pandemic enters Year 2
(DBN)

Top 25 Most (and Least) Expensive American Cities to Rent an Apartment
(DBN)

Delinquency rate rises for first time in 9 months
(DBN)

The national eviction ban is set to expire in days. CDC will likely extend it
(DBN)

New home sales take a hit as builders grapple with big delays and bigger costs
(DBN)

U.S. new-home sales plunged during month of inclement weather
(DBN)

Black Knight: National Mortgage Delinquency Rate Increased in February
(DBN)

Lender profits are crashing back to earth
(DBN)

This Is What A $500K Home Looks Like In Each State
(DBN)

____________

Municipalities:

Puerto Rico gets over $900M in education funds previously restricted by Trump admin
(DBN)

Evanston, Ill., approves nation's first reparations program for Black residents
(DBN)

Dimon, Solomon Join CEOs Urging New York to Reject Higher Taxes
(DBN)

____________

Oil/Gas:

Cleaning Up After Big Oil Costs $600B a Year
(DBN)

____________

Mail:

USPS chief DeJoy said to cut post office hours, lengthen delivery times in 10-year-plan • Mail Will Be Slower, More Expensive Under DeJoy Postal Service Plan
(DBN)

____________

Pharma:

Sacklers Say No Ch. 11 Deal Without Injunction Extension
(DBN)

Morrisey not ready to sign Purdue Pharma proposal
(DBN)

Opioid judge threatens pharmacies with bankruptcy if they don't settle
(DBN)

Bankruptcy watchdog opposes Mallinckrodt bonus plan for execs
(DBN)

____________

Autos:

From chips to seating foam to plastics, parts shortages continue to cripple auto industry
(DBN)

Why a global chip shortage is screwing up America’s pickup trucks
(DBN)

The End of Tesla’s Dominance May Be Closer Than It Appears
(DBN)

____________

Coal:

The Coal Plant Next Door - How one giant energy company plans to avoid the cleanup costs
(DBN)

Court lets Blackjewel transfer KY coal mines. Some with violations could be abandoned • Blackjewel Bankruptcy Leaves Damaged Lands, Miners’ Compensation In Limbo
(DBN)

____________

Investment Firms:

Highland Capital, ex-CEO clash over alleged restraining order breach
(DBN)

____________

Retailing:

Players in the Retail Sector Stumble
(DBN)

Deadly Boulder grocery-store shooting highlights the looming threat of violence that retail workers face in America
(DBN)

Radio Shack Tries to Crawl Out of the Grave
(DBN)

GameStop sales struggle after trading frenzy
(DBN)

____________

Fraud:

The Feds Want Your CARES Funds Receipts
(DBN)

____________

Tech:

Key Democrat: Time to write new laws for tech
(DBN)

Bernie Sanders raises concerns about Twitter's ban on Trump
(DBN)

Zoom paid $0 in federal taxes on $664 million in pandemic profits, mostly by paying executives stock options
(DBN)

____________

Hotels:

Eagle Hospitality's US units approved to run sale process in bankruptcy
(DBN)

____________

Gambling:

Revenue up as net loss widens for Golden Nugget Online Gaming
(DBN)

____________

New Bankruptcy Opinions
(4 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (16 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (4 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:

March Heats Up for Busted Companies
(DBN)

Bankruptcies are way down during the pandemic. Here's why
(DBN)

______________

Mediation:

Mediating Discharge Disputes—A Tough Task
(DBN)

____________

Finance:

How a Federal Agency Excluded Thousands of Viable Businesses From Pandemic Relief
(DBN)

____________

Litigation:

Tech-Enabled Litigation Funder Legalist Expands Into Bankruptcy With $50M Fund
(DBN)

____________

Trustees:

BK ND IL Seeks Ch. 7 Trustee
(DBN)

____________

Aviation:

Low-cost carrier Frontier aims for $4.52 billion valuation in U.S. IPO
(DBN)

Southwest is reverting to its normal boarding policy and bringing back fan-favorite in-flight amenities
(DBN)

What to pack when flying during a pandemic
(DBN)

Kenya Airways Looking for $91 Million More Than State Pledged
(DBN)

Travel stocks hit as Brits face £5,000 fine for traveling abroad • ‘No foreign travel until late summer,’ says Neil Ferguson
(DBN)

The forthcoming bankruptcy of Interjet.
(DBN)

____________

Healthcare:

Nearly half of health care workers remain unvaccinated, survey finds
(DBN)

COVID infections among vaccinated people are very rare
(DBN)

As U.S. parties, Europe fights third coronavirus wave
(DBN)

Miami experiencing new kind of spring break mayhem in 'most open' state after lockdown • ‘This Area Has Now Become A Crime Zone’: Miami Beach Business Owners, Residents Have Had Enough Of Spring Break Crowds • 'I don't think these are college kids': Miami mayor warns people against descending on Florida • Black leaders say Miami Beach overreacting with curfew
(DBN)

Weeks into spring break, adults under 50 spur COVID-19 rise in Florida tourism hubs
(DBN)

CDC data shows COVID-19 hospitalizations for older adults are declining
(DBN)

Hawaii tourist spots packed with spring breakers from states without mask mandates
(DBN)

California isn't seeing COVID-19 spikes like New York and Florida. Can we keep it up? • Los Angeles Covid-19 Transmission Rate Creeping Up In Recent Weeks; Unclear If Cases, Hospitalizations, Deaths Will Jump Also
(DBN)

Chicago ‘headed in the wrong way’ as younger adults drive uptick in COVID-19 cases, health commissioner warns
(DBN)

‘Too Many Questions’: Deep-Rooted Mistrust Feeds Doubt About Vaccines
(DBN)

Past COVID-19 infection is no substitute for the vaccine, CDC says
(DBN)

Texas to open COVID-19 vaccinations to all adults. Here’s what you need to know.
(DBN)

People are selling fake vaccine passports and negative coronavirus tests on the dark web
(DBN)

AstraZeneca used 'outdated and potentially misleading' data that overstated effectiveness of its vaccine, panel says • Why the credibility of AstraZeneca's vaccine data matters
(DBN)

'Brain fog' can linger for months after Covid-19 • Long-term Covid can affect multiple organ systems
(DBN)

Coronavirus tally: Global cases of COVID-19 top 123.7 million and U.S. death toll nears 543,000
(DBN)

Biden officials are worried Johnson & Johnson won't be able to deliver 20 million COVID-19 vaccines promised by end of the month
(DBN)

Could an accident have caused COVID-19? Why the Wuhan lab-leak theory shouldn't be dismissed
(DBN)

____________

Cruise Lines:

A Cruise Executive on What He Will—and Won’t—Do for Customer Safety
(DBN)

____________

UK:

An Assessment of the UK Restructuring Moratorium
(DBN)

HMRC holds the trump card when it comes to UK business recovery
(DBN)

UK jobless rate falls as workers drop out of labour force
(DBN)

Holiday firm Tui to shut 48 more High Street shops
(DBN)

Jobless crisis shows signs of easing but under-25s hit hard • Payrolled employment rises for third month after a year of lockdown misery for jobs
(DBN)

365 days of furlough and counting: Meet the people who have been off work for a year
(DBN)

Eurostar crisis: Rail giant feels ‘pinch of bankruptcy’ as UK snubs desperate bailout plea
(DBN)

As Europe threatens to curb vaccine exports to Britain and other countries, the post-Brexit rift widens
(DBN)

____________

EU:

EU Aims to Dodge a Wave of Bankruptcies Coming Down the Track
(DBN)

EU to Scrap Country Exemptions for Vaccine Export Curbs • EU Offering U.K. Just a Fraction of Astra’s Dutch Vaccine Output
(DBN)

Bank of Spain Cuts Outlook as EU Stimulus Slower Than Expected
(DBN)

Germany’s Easter Lockdown Shows Europe’s Running Out of Answers
(DBN)

The ECB's Lane says lockdowns won't derail European recovery. The market is starting to get jittery.
(DBN)

Cars become home for Spain's pandemic casualties
(DBN)

____________

France:

French hospitals face 'violent shock' within weeks from COVID-19 surge
(DBN)

Macron promises faster vaccine roll-out as infections 'explode'
(DBN)

____________

Argentina:

Buenos Aires Province Sued in U.S. for Missed Debt Payments
(DBN)

____________

India:

India likely to resume new bankruptcy filings after halt expires
(DBN)

Removal of bad debt ‘hangover’ hands Indian banks clarity
(DBN)

Prestige Wins $1.4 Billion Mumbai Home Project from Bankruptcy
(DBN)

Interplay Between Liquidation Proceedings Under IBC and Section 230 of the Companies Act
(DBN)

____________

Hong Kong:

Hong Kong Dashes Business Leaders’ Hopes for Looser Covid Rules
(DBN)

____________

Thailand:

Thailand Unveils Financial Support for Pandemic-Hit Businesses
(DBN)

____________

Hungary:

Hungary’s Doctors Plead for Harsh Lockdown as Deaths Hit Records
(DBN)

____________

Brazil:

Brazil's Sao Paulo reports record 1,021 COVID-19 deaths in 24 hours • Brazil's 24-hour Covid Deaths Surpass 3,000 For First Time
(DBN)

____________

Germany:

"New pandemic' in Germany caused by more deadly variant
(DBN)

New lockdown rules in Germany: Disappointment for the travel industry
(DBN)

____________

Australia:

Examination and Prosecution Risks Will Increase for Australian Directors and Third Parties Amid the Economic Uncertainty
(DBN)

____________

Denmark:

Denmark plans further reopening reliant on corona 'passport'
(DBN)

____________

MENA:

Israeli election: Exit polls project narrow Netanyahu victory • Exit polls indicate no clear winner in Israeli election
(DBN)

____________

South Korea:

Creditors press SsangYong to cut labor costs to attract capital for revival
(DBN)

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