March 3, 2021

The Daily Bankruptcy News

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Law:

What did law firms do that helped them outperform the market in 2020?
(DBN)

How law firms reacted to racial injustice and the COVID-19 pandemic
(DBN)

The Market For Lateral Biglaw Partners Is In Decline
(DBN)

Boies Schiller Spinoff Axes, Then Sues Co-Founder Alleging 'Abusive' Behavior Former Boies Schiller lawyer refused to leave new firm after partnership voted him out, lawsuit says Biglaw Spinoff Firm Removes, Then Sues Co-Founding Partner, Citing Allegations Of His ‘Alarming Rage’
(DBN)

The death of a lawyer: A journey from law school to retirement
(DBN)

Paralegal Who Refused to Notarize Affidavit Can Sue Over Firing
(DBN)

Difficulties of pandemic should be acknowledged in law school transcript, students say
(DBN)

Pittsburgh Bankruptcy Firm Files for Chapter 11, for a Second Time
(DBN)

A Very Exclusive Club: Former SGs’ Cert Success
(DBN)

Covid-19’s ‘Patient Zero’ in New York: What Life Is Like for the New Rochelle Lawyer
(WSJ)

Thriving In A Post-2020 Workplace: How Lawyers Can Leverage Lessons Learned
(DBN)

FBI chief calls Jan. 6 'domestic terrorism,' defends intel FBI director says domestic terrorism cases have soared in recent months Declares no fake Trump supporters at Capitol riot National security officials to testify on Jan. 6 mistakes
(DBN)

Pentagon report cites threat of extremism in military
(DBN)

Twice-Fired Attorney Takes To Twitter To Defend His Bonkers Legal Theories
(DBN)

NYT: Trump CFO Allen Weisselberg Flipped For SDNY. He Flipped For NYAG. And Now He’s Chatting Up Cy Vance. ‘He Knows Close to Everything’: New York Prosecutors Zero in on Trump Organization’s CFO
(DBN)

U.S. House panel reissues subpoena for Trump's tax records
(DBN)

NYC Bar Joins Push to Have Giuliani Disbarred
(DBN)

Capitol Security Heightened Over Threats Tied to Conspiracies High alert as new QAnon date approaches Thursday
(DBN)

Threats to Lawmakers Have Nearly Doubled in 2021, Police Chief Says
(DBN)

Feds Say Trump Supporter Who Dressed 'Like Antifa' on Jan. 6 So He Could ‘Get Away with Anything’ Is Now In Jail 'The Court Need Look No Further': Federal Prosecutors Use 'QAnon Shaman’s' News Interview Boast Against Him
(DBN)

Bannon’s Push for Exoneration Involves Lien on California Home
(DBN)

Democrats reintroduce gun sale background check legislation
(DBN)

First case against mandatory vaccination filed in New Mexico: report
(DBN)

Biden officials urge patience on immigration amid border surge Democrats to take up immigration reform next week
(DBN)

America’s biggest companies push for path to citizenship for ‘Dreamers’
(DBN)

Former Trump Attorney General Sessions regrets migrant family separations
(DBN)

Biden briefing calls for 20,000 child migrant beds
(DBN)

Georgia DA’s Investigation Into Trump’s Alleged Solicitation of Election Fraud Heads to Grand Jury
(DBN)

Study: 1 in 7 U.S. prisoners is serving life, and two-thirds of those are people of color
(DBN)

Police officers' immunity from lawsuits is getting a fresh look
(DBN)

The Most Important Gun Lawsuit You’ve Never Heard Of
(DBN)

Marvel Chairman Seeks Damages Against Chubb Insurance Company in Bizarre DNA Theft Lawsuit
(DBN)

California crash kills 13 of 25 people crammed into SUV
(DBN)

South Carolina School Principal’s Refusal to Include Fourth-Grader’s LGBTQ Rights Essay in Booklet Did Not Violate First Amendment, Appeals Court Rules
(DBN)

A mom reported her 6-year-old missing. She'd actually run him over and thrown him in a river, police said.
(DBN)

Man Allegedly Murdered Police Officer in New Orleans After Being Denied Entry to Basketball Game for Refusing to Wear a Mask
(DBN)

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Judges:

Public Notice for Reappointment Of Bankruptcy Judge Carl L. Bucki
(DBN)

Judge with ‘salty’ personality gets suspension partly for F-bombs, says word is ‘so common’ in his state
(DBN)

Durbin On Whether Justice Stephen Breyer Should Retire In 2021
(DBN)

Justices Sotomayor, Kagan and Breyer Had No Time for Republican Justifications of Voter Suppression
(DBN)

Trumpists love conservative judges—until those judges stand up for democracy
(DBN)

______________

Wall Street:

Futures advance as vaccines, stimulus boost bets on economic rebound Stocks are set to rebound with Dow futures up 200 points
(DBN)

Elizabeth Warren rips stock buybacks as ‘nothing but paper manipulation’
(DBN)

Goldman’s Chief Lawyer Departs With Senior Exits Growing at Bank
(DBN)

Hertz, the original ‘meme stock’, is turning out to be worthless
(DBN)

______________

Education:

According to CDC, 96 percent of schoolchildren still unsafe for full-time, in-person learning
(DBN)

Biden sends teachers to front of vaccine line
(DBN)

Defunct online charter school fights to appeal refund order
(DBN)

How to help kids regain their footing after a year of stress and disruption
(DBN)

____________

Politics:

Liberals on fire over failure on $15 minimum wage Sanders vows to force vote on $15 minimum wage
(DBN)

Biden’s Cabinet half-empty after slow start in confirmations
(DBN)

Budget nominee Tanden withdraws nomination amid opposition
(DBN)

Accuser says Cuomo must 'take responsibility for his predatory behavior' Poll: 71 percent say Cuomo purposely concealed number of nursing home deaths Cuomo hires Elkan Abramowitz to defend executive chamber in federal nursing home probe Cuomo Could Be Compelled to Testify in Sexual-Harassment Inquiry CNN's Chris Cuomo said he won't cover allegations about his brother, Gov. Andrew Cuomo, but his colleagues will N.Y. Democrat Says Party ‘Building Consensus’ on Cuomo Ouster Cuomo Faces More Democratic Calls to Resign as Scandals Grow Gov. Andrew Cuomo’s ‘casual sexism’ hinders equality for everyone, author says De Blasio joins local leaders in questioning Cuomo's pandemic response amid scandal Cuomo avoids public amid outcry over harassment allegations Cuomo's Biggest Challenge? Everybody Hates Him
(DBN)

Too little, too late? Schools deal may not alter Newsom recall politics
(DBN)

Biden aims to manage expectations with pandemic
(DBN)

Republicans Seize on Nursing-Home Deaths to Weaken Democrats
(DBN)

Voters will punish GOP in midterms for lack of COVID support
(DBN)

Trump will only 'pretend' to run in 2024 in order to make more money, his niece Mary says
(DBN)

Trump’s cash plea could complicate GOP fundraising efforts
(DBN)

GOP Senators Seek to Curtail Powers of State Election Officials
(DBN)

Supreme Court Justices Suggest Support for Arizona Voting Curbs Bad GOP Lawyer May Have Saved Voting Rights
(DBN)

Vaccine Passports, Covid’s Next Political Flash Point
(DBN)

Donors gave House candidate $8+ million. Consultants took half of it
(DBN)

Biden administration still hasn't briefed top senators on Syria strike
(DBN)

____________

Theme Parks:

Conneaut Lake Park, a 129-year-old icon, sold for $1.2 million Pittsburgh Bankruptcy Judge Approves Sale Of Century-Old Conneaut Lake Park
(DBN)

____________


Economy:

U.S. Treasury names climate economist, tax partner to senior posts
(DBN)

A $21 Trillion Treasuries Mystery Is Bedeviling Global Markets
(DBN)

States easing virus restrictions despite experts’ warnings
(DBN)

Gov. Greg Abbott says it is now time to open Texas 100%, end statewide mask mandate The COVID-19 Pandemic Is Not Over, But the Texas Governor Ended Mask Mandates: 'It Is Now Time to Open Texas 100%' Conflicting Messages Texas and other states ease COVID-19 rules despite warnings Texas becomes biggest US state to lift COVID-19 mask mandate D-FW stores and businesses scramble after repeal of COVID-19 restrictions H-E-B to urge, but not require customers to wear masks Local Texas Officials Blast Abbott's "Irresponsible Actions"
(DBN)

Democrats push Biden to include recurring payments in recovery package 10 Senate Democrats tell Biden to implement recurring stimulus checks after $1.9 trillion bill is passed Senate Democrats negotiating changes to coronavirus bill U.S. House's Hoyer expects House to return to Biden's COVID-19 aid plan next week Senate Dems wrestle with unemployment benefits in Biden's Covid aid plan GOP may hold keys to Democrats' long-sought minimum wage hike Jobless aid, direct checks could get trimmed as U.S. Senate takes up COVID-19 aid bill
(DBN)

Covid-19 herd immunity is coming by summer, top strategist says
(DBN)

Criminals stole billions in COVID-19 unemployment benefits. New relief bill won't stop a repeat
(DBN)

Sen. Warren on wealth tax: ‘I think most people would rather be rich’ and pay 2 or 3 cents more
(DBN)

Warren Urges Fed to Reject Bank Appeals to Extend Capital Relief
(DBN)

The new list of troubled federal programs is longer than ever, watchdog reports
(DBN)

Biden's trade nominee pledges to hold China to trade deal commitments
(DBN)

Global Cargo Traffic Jam Could Last Into 2022, Freight CEO Warns
(DBN)

Experts sound the alarm on declining birth rates among younger generations: "It's a crisis"
(DBN)

US infrastructure gets C- from engineers as roads stagnate
(DBN)

The pandemic is reversing gender equality progress in the workplace, PwC says
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

Look for More Landlord Protections in Retail Deferral Agreements and Extensions
(DBN)

Covid relief bill won’t extend eviction ban set to expire this month. Here’s why
(DBN)

CFPB: "Over 11 Million Families At Risk Of Losing Housing"
(DBN)

A Tale Of Two Judges As Told Through The Federal Eviction Moratorium
(DBN)

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

Mortgage demand stalls as interest rates surge to highest level since July
(DBN)

Demographics: Renting vs. Owning
(DBN)

CoreLogic: House Prices up 10.0% Year-over-year in January
(DBN)

Loan default rattles bankrupt developer’s San Jose project
(DBN)

____________

Municipalities:

Sen. Martin Heinrich to introduce plan for Puerto Rico statehood Lawmakers introduce new proposal for Puerto Rico statehood
(DBN)

Michigan Judge Won’t Hand Off Case Against Ex-Governor
(DBN)

Virus Didn't Financially Rout All States
(DBN)

____________

Oil/Gas:

Pioneer CEO sees 'very little growth' in U.S. oil production
(DBN)

OPEC demand outlook sees oil stocks falling in 2021: sources
(DBN)

Kerry urges oil industry to speed up transition to fight climate change
(DBN)

OPEC president says oil market rebalancing, pandemic still a risk
(DBN)

U.S. shale output won't return to pre-pandemic levels: Occidental CEO
(DBN)

Betting on death of petrol cars, Volvo to go all electric by 2030
(DBN)

OPEC oil has advantage over U.S. shale during pandemic recovery
(DBN)

Oil industry is getting greener more quickly as focus shifts to climate change
(DBN)

____________

Retailing:

Retail Bankruptcies’ Appeal to Investors
(DBN)

Stationary Retailer Paper Source Files For Bankruptcy, Plans Sale Paper Source files for bankruptcy, stores will remain open while greeting card retailer pursues sale Paper Source latest national retailer to file for bankruptcy in Richmond
(DBN)

Kohl’s says it added 2 million new customers in 2020, thanks to Amazon
(DBN)

Macy’s Kicks Off $500 Million Debt Sale Amid Hot Junk Market
(DBN)

Chico’s Q4 loss widens; closing 40 to 45 stores, adding in-store Soma shops Chico’s FAS Loses $360 Million in 2020
(DBN)

____________

Utilities:

Brazos Bust Spotlights Texas Menace
(DBN)

Texas electricity regulator under pressure to slash winter storm bills
(DBN)

Fallout from Texas energy crisis that left millions in the dark continues
(DBN)

‘Blood money' | California politicians and campaigns received $2.1 million from bankrupt, guilty PG&E
(DBN)

____________

Maritime:

Texas Court Removes CEO of Bankrupt U.S. Tug and Barge Operator Bouchard CEO Ordered to Step Down
(DBN)

____________

Healthcare:

Merck will help make Johnson & Johnson’s Covid vaccine
(DBN)

The U.S. coronavirus vaccines aren't all the same
(DBN)

California clinics: More vaccines going to rich than at-risk
(DBN)

Single dose of AstraZeneca or Pfizer COVID-19 vaccine cuts hospitalization risk by more than 80%, study shows
(DBN)

Daily U.S. Cases Drop Below 50,000 for First Time Since October
(DBN)

Biden says U.S. will have enough COVID vaccine supply for all adults by end of May
(DBN)

Brazil variant shown to infect some coronavirus survivors with immunity
(DBN)

41 percent say they are not willing to receive coronavirus vaccine
(DBN)

A third of all military personnel are refusing to receive the COVID-19 vaccine with alarmed commanders aiming to make the shot mandatory 'as soon as possible' Military May Revisit Making COVID-19 Vaccines Mandatory After FDA Grants Approval
(DBN)

CDC finalizing guidance on what's safe for those who are vaccinated CDC's draft guidelines for vaccinated Americans call for small steps toward normal life
(DBN)

Democrats criticize administration's guidance on aerosol COVID spread
(DBN)

Jackson Drank, Harassed as White House Doc
(DBN)

____________

Climate:

Global carbon emissions already over pre-pandemic lockdown levels
(DBN)

____________

Pensions:

COVID Relief Bill Includes Long-Sought Pension Rescue
(DBN)

____________

Food/Beverage:

Steak ‘n Shake won’t have servers, will use self-service kiosks when dining rooms reopen
(DBN)

____________

 


New Bankruptcy Opinions
(7 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Chapter 7, 12 & 13 Private Trustee Locator
(DBN)

Recent Ch. 11 Filings (17 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)

______________

Bankruptcy Reform:

Subchapter V Debt Limit Extension
(DBN)

Legislation Introduced to Extend CARES and CAA Bankruptcy Provisions
(DBN)

____________

Mediation:

Court Order For Mediation Of Plan Confirmation Disputes (In re Garrett)
(DBN)

____________

Miscellaneous:

Global Insolvency Report: Impact of Covid-19 on Insolvency Laws
(DBN)

Guide To Financial Support Measures Across Europe And The Middle East
(DBN)

____________

Corporate Governance:

Driving Nails in the Coffin of Corporate Law
(DBN)

____________

Aviation:

Not-So-Frequent Flyers: Business Travel Misses Out on Recovery
(DBN)

U.S. budget airlines plot pandemic breakthrough
(DBN)

Crisis deepens for airlines in January: IATA
(DBN)

U.S airlines remain in 'dire straits,' need new government assistance: industry group
(DBN)

Norwegian Air reaches agreement to end 36 aircraft leases, court hears
(DBN)

____________

Cruise Lines:

Royal Caribbean will be 'first' to offer 'fully vaccinated' cruise with sailings starting in Israel
(DBN)

____________

Mass Torts:

Boy Scouts releases sex-abuse bankruptcy plan, with $300 million coming from local councils Seattle lawyers rail against Boy Scouts’ bankruptcy plan to resolve sex abuse claims as unacceptable
(DBN)

Boy Scouts Will Sell Nearly 60 Norman Rockwell Works to Pay Sex-Abuse Claims
(DBN)

____________

Tech:

Rudy Giuliani's YouTube account just got hit with a 2-week suspension. One more strike, and his channel could get booted for good.
(DBN)

____________

Autos:

Hertz set to ride out of bankruptcy with $4.2 billion from investment firms
(DBN)

____________

Finance:

Greensill Says It’s Nearing Sale of Company After Fund Freezes Credit Suisse Is Gonna Go Ahead And Cut Off Its Greensill Funds, Future Legal Liability Greensill Starts U.K. Insolvency Process as Talks Continue Greensill Capital prepares to file for insolvency
(DBN)

____________

Coal:

How private equity squeezes cash from the dying U.S. coal industry
(DBN)

Blackjewel’s Bankruptcy Filing Is a Harbinger of Trouble Ahead for the Plummeting Coal Industry
(DBN)

____________

UK:

Sunak Will Extend Furlough Program in U.K. Budget, Minister Says
(DBN)

Covid-19 Virus Antibodies Found in 29% of London Residents
(DBN)

Brexit Triggers 30% Slump in German Exports to U.K. in January
(DBN)

BGC Says It Discovered $35 Million Theft of U.K. Tax Payments
(DBN)

Britain to loosen listing rules as Brexit puts London on back foot
(DBN)

____________

EU:

IMF Warns Europe’s Firms Need Equity to Save 15 Million Jobs
(DBN)

Tactical shift: Europe seeks vaccine ‘overdrive’ to catch up
(DBN)

Italy Likely to Seek Extra Stimulus as Virus Outlook Worsens
(DBN)

Virus variant races through Italy, especially among children
(DBN)

____________

Canada:

Canada’s Economy Bounding Into 2021 After 9.6% Quarterly Gain
(DBN)

Canadian economy suffers biggest contraction since the Great Depression
(DBN)

As economy recovers, insolvencies will surely rise
(DBN)

____________

Russia:

Biden to sanction Russia over Navalny poisoning, jailing
(DBN)

____________

France:

Macron to Overhaul Welfare Despite Economic Crisis and Elections
(DBN)

____________

Norway:

Norway to Target Most Infected Areas With More Vaccines
(DBN)

____________

Germany:

Germany to start easing COVID-19 lockdown next week, draft says
(DBN)

____________

India:

SC appalled over arrest of court-appointed Interim Resolution Professional
(DBN)

‘Redraft IBC to give proportional vote to operational creditors’
(DBN)

____________

Japan:

Japan: 1,100 go bankrupt as pandemic ravages businesses
(DBN)

____________

China:

Now, resolution plans for banks, insurers soon
(DBN)

Homosexuality can be called mental disorder, rules Chinese court
(DBN)

____________

MENA:

Saudi, UAE Business Activity Slows as Virus Cases Rise
(DBN)

Protests in Lebanon as local currency hits record low
(DBN)

____________

Brazil:

Much of the world is seeing coronavirus cases fall. But Brazil’s outbreak is worse than ever.
(DBN)

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