March 31, 2021

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Nothin’ Says Lovin’ Like Special Bonuses
(DBN)

Kirkland & Ellis, World’s Wealthiest Law Firm, Enters The Bonus Fray
(DBN)

Top 10 Biglaw Firm Announces Special Bonuses Of Their Own
(DBN)

Top 50 Biglaw Firm Gets On Board With Special Spring Bonuses For Associates
(DBN)

Associate Compensation Scorecard: Which Firms Are Sharing The Wealth Through Special Bonuses?
(DBN)

Bonuses May Not Be Enough to Solve Big Law’s Associate Problem
(DBN)

Will All Of This Bonus Money Be Enough To Keep Associates From Making Lateral Moves?
(DBN)

Billing Discipline Stays on Big Law's Front Burner
(DBN)

The 2022 U.S. News Law School Rankings Are Here • OMG, The Rankings ... I Mean, Uh, Rankings Don't Matter
(DBN)

Part Of Trusting Science Is Trusting In-Person Events Again
(DBN)

How My Battle With COVID-19 Taught Me It’s Okay To Take Those Sick Days
(DBN)

Black Lawyer Knocks Davis Polk’s ‘Tactics’ in Bias Suit Battle
(DBN)

Boies Partner Returns After Domestic Violence Arrest, Probe
(DBN)

Witness Vaccine Status at Issue Before Columbia Retirement Trial
(DBN)

Election lawyer sanctioned $10K; judge says she 'bamboozled' voters who didn't realize they were plaintiffs
(DBN)

Judge voids 2016 Trump campaign staffer's non-disclosure agreement
(DBN)

Teen who shot Floyd video says he was ‘begging for his life’ • Witness who recorded George Floyd's death says she stays up at night "apologizing" to him • First witness in Chauvin trial testifies she thought police camera froze because of how long he kneeled on George Floyd's neck • MMA Fighter Who Witnessed George Floyd’s Death Tears Up in Court While Listening to 911 Call He Made (VIDEO) • Witness regrets not doing more to help George Floyd • Chauvin trial witnesses say what officer did 'wasn't right,' and George Floyd was 'going through tremendous pain' • 911 Dispatcher Called the Cops on the Cops • Teacher Seeks Justice for George Floyd, Chains Herself Outside Trial Court • Special Prosecutor Recreates Floyd’s Death Through Eyes of Kids
(DBN)

2 ex-Texas sheriff deputies indicted in Black man's death
(DBN)

Accused Capitol rioter arrested in T-shirt reading 'I was there' with Trump's photo, insurrection date • Many Capitol rioters unlikely to serve jail time • Proud Boys organizer charged in Capitol attack says he aided FBI ‘antifa’ inquiries • A San Antonio couple two of 33 Texans facing charges in connection with Capitol riot • Poll: Both parties blame social media for Capitol siege
(DBN)

Man sentenced for using Molotov cocktails to burn police cars during Seattle protest
(DBN)

America's Loves Its Mass Shootings
(DBN)

Trump’s Appeal in Defamation Case Dismissed by New York Court • Trump appeal rejected in NY defamation case, ex-'Apprentice' contestant's lawsuit can move forward
(DBN)

Migrant caravan of hundreds departs in Honduras for United States • Journalists allowed in Texas border facility reveal overcrowded conditions
(DBN)

For years, a mafia fugitive hid from police. Then they spotted his Italian cooking videos on YouTube.
(DBN)

'Absolutely disgusting and outrageous': Elderly Asian American woman brutally attacked in New York; suspect sought • Beaten Asian Woman's Friend Surprised She 'Got Up' After Attack • Asian Man Threatened at NYC Home Depot Hours After Asian Woman Beaten • New York man charged with hate crime for attack on Asian woman caught on video
(DBN)

Garland Orders DOJ to Pursue ‘Disturbing Trend’ in Hate Crimes
(DBN)

No convictions for ex-officers accused of beating colleague at St. Louis protest
(DBN)

ABA supports universal background checks, other proposals to curb gun violence, lawmakers told
(DBN)

TN: General Assembly passes ‘permitless carry’ despite last-minute efforts to stop the bill
(DBN)

Italian mafia fugitive caught in Dominican Republic after police find YouTube cooking show
(DBN)

How Ghislaine Maxwell's Epstein Case Got More Awkward for Prince Andrew • Woman claims she was 'repeatedly raped' by Epstein and Ghislaine Maxwell in front of her son • Suit: Epstein forced real estate broker to have sex with judge
(DBN)

Matt Gaetz says he's under federal investigation for sexual misconduct • Rep. Matt Gaetz claims he's a victim of $25M extortion from a former DOJ employee and says his dad has been wearing a wire and cooperating with the FBI after it's revealed he is 'under investigation for sex trafficking over relationship with a girl, 17' • Gaetz faces Justice Department investigation over alleged relationship with teen girl • Rep. Matt Gaetz probed for possible sex trafficking of girl, 17, report says — he claims extortion • Matt Gaetz blew up FBI extortion case to distract from underage sex report, ex-DOJ official, NYT reporter suggest • Gaetz Takes His Case to Tucker • Matt Gaetz May Quit Congress for Newsmax
(DBN)

Connecticut State Police Make COVID Gathering Arrests at 'Loud' 100-Plus Person Indoor Party
(DBN)

Man Hospitalized for 2 Months With COVID-19 Returns to Find Home Cleared Out
(DBN)

______________

Judges:

Biden's first slate of judicial nominees aims to quickly boost diversity in federal courts • What Biden’s first list of judicial nominees tells us about his approach to the courts • Biden Court Picks Include First Muslim-American Federal Nominee • Biden’s first judicial picks include DC Circuit nominee Judge Ketanji Brown Jackson, said to be SCOTUS contender • Biden Selects Nine Women as Nominees for the Federal Bench, with Judge Ketanji Brown Jackson Set to Fill Merrick Garland's Seat
(DBN)

Supreme Court Path Set for Potential First Black Female Nominee
(DBN)

______________

Wall Street:

Stock futures are flat after Dow slips from record levels
(DBN)

Goldman Sachs bosses reportedly sent snack boxes to junior staff after a survey revealed brutal 100-hour weeks. Rival banks sent their staff bonuses or Peloton bikes.
(DBN)

Wall Street Bonuses Rose by 1,217% in Past 35 Years
(DBN)

______________

Retailing:

Bankruptcy judge withholds confirmation of Stein Mart plan
(DBN)

Old Brands Never Die; They Just Come Back As Dot-Coms Or Smaller Stores
(DBN)

US retailers welcome consumers back to stores as e-commerce growth slows
(DBN)

Macy’s CEO says company already benefiting from vaccinations and stimulus checks
(DBN)

____________

Utilities:

Entrust Energy Files for Bankruptcy in Texas Amid Power Fallout
(DBN)

Texas Utilities Continue to Deal With Aftermath of Winter Storm Uri: CPS Energy Sues the Electric Reliability Council of Texas Alleging One of the “Largest Illegal Wealth Transfers” in Texas History
(DBN)

Texas Moves to Make Power Plants Winterize, Bar Future Griddys • Texas legislative bill will require power generators to get major upgrades for extreme weather
(DBN)

'Fiasco Waiting To Happen': Millions At Risk Of Losing Power Over Unpaid Bills
(DBN)

Texas Lawmakers Are Using the Blackouts to Make Fossil Fuel Dreams Come True
(DBN)

____________

Banking:

Do we need a Chapter 11 for banks?
(DBN)

Warren Urges Increased Banking Oversight After Archegos Blowup
(DBN)

____________

Non-Profits:

NRA Board Member Upends Bankruptcy With Demand to Probe LaPierre
(DBN)

____________

Cruise Lines:

How a COVID-Infested Cruise Ship Devolved Into Class Warfare
(DBN)

____________

Food/Beverage:

Restaurants Revitalization Fund Provides COVID Relief to Hard-Hit Industry
(DBN)

Federal relief plan shuts out new restaurants, but change is in the works
(DBN)

Here's how K&W plans to come out of bankruptcy • K&W Cafeteria bankruptcy plan keeps 14 restaurants open — for now
(DBN)

Tilman Fertitta: Our restaurants, casinos have been surprisingly strong in March
(DBN)

____________

Religion:

Majority of GOP Catholics Say No Communion for Biden Over Abortion Stance
(DBN)

After decades of debate, Colorado is one step away from giving sex assault victims unlimited time to sue their abusers
(DBN)

____________

Movie Theaters:

Movie theaters face new windowing challenges as they lift post-pandemic curtain
(DBN)

____________

Pharma:

The Sackler Family’s Bankruptcy Scheme
(DBN)

____________

Climate:

Climate Crisis is Spooking Economists
(DBN)

When companies go green, the planet doesn’t always win
(DBN)

'Active and dangerous scene': Mount Rushmore closed, 400 homes evacuated as multiple wildfires spread in South Dakota
(DBN)

South Dakota Fires: Mount Rushmore Closed Due To Wildfires That Are '0% Contained'
(DBN)

____________

Sports:

Baylor head coach says NCAA should stop testing for COVID because positive tests would ruin the Final Four
(DBN)

Evander Kane’s creditors question his threat to walk away from Sharks contract in bankruptcy hearing
(DBN)

____________

Fraud:

Victims in Elkhart businessman's alleged fraud could soon recoup their losses
(DBN)

____________

Economy:

Consumer confidence surges to a pandemic high as hiring and the U.S. economy speed up • U.S. consumer confidence surges to one-year high on job optimism
(DBN)

IMF to Upgrade World Growth Outlook on U.S. Stimulus, Vaccines
(DBN)

The soft underbelly to a looming economic boom: Millions will miss out
(DBN)

Biden Extends Small Business Loan Program Through May 31 • Biden signs PPP small-business aid extension into law one day before it was set to expire
(DBN)

What's missing in the conversation about the pandemic gig economy
(DBN)

The hybrid office is here to stay. The shift could be more disruptive than the move to all-remote work.
(DBN)

Biden Urged to Spend $4 Trillion by Labor, Environment Groups
(DBN)

21 Senate Democrats urge Biden to put recurring stimulus checks, unemployment aid extension in recovery plan
(DBN)

Biden's spending plans could mean "a new world," says Nobel Prize winner Joseph Stiglitz • Joseph Stiglitz bashes fellow economist Larry Summers over COVID-19 relief bill inflation fears
(DBN)

Rogoff: The Dollar's Fragile Hegemony
(DBN)

Inflation Concerns Cloud Prospects for Post-Pandemic Recovery
(DBN)

Biden's stimulus looks bigger than the New Deal, economics professor says
(DBN)

Behind Biden's Big Plans: Belief That Government Can Drive Growth
(DBN)

Jockeying begins over White House's infrastructure plan as details emerge • Biden to lay out infrastructure plans as part of massive economic proposal • Wall Street awaits Biden infrastructure plan, but new taxes could come with it • Here's what's reportedly in the first part of Biden's infrastructure plan - all $2.25 trillion of it • Biden's infrastructure and climate plan emerges as congressional wrangling begins • Biden is set to unveil his $2 trillion infrastructure plan – here are the details • Joe Biden to announce tax hikes to pay for huge $3 trillion infrastructure plan • The Rotten Center of the Infrastructure Debate
(DBN)

Biden unveils sweeping American Jobs Plan
(DBN)

What the Ever Given saga taught us about the world
(DBN)

The Suez Canal has reopened, but experts say you'll still have to wait 9 months for that couch to be delivered
(DBN)

Millennials aren't behind, they're just creating a new normal
(DBN)

Real-economy stirrings show U.S. leaves Europe in the dust
(DBN)

Biden's true tax priorities
(DBN)

Students Won’t be Taxed on Emergency Pandemic Aid, IRS Says
(DBN)

Marjorie Taylor Greene Calls Vaccine Passports 'Biden's Mark of the Beast' • Marjorie Taylor Greene's 'Mark Of The Beast' Theory Receives Holy Hell On Twitter • Florida Gov. Ron DeSantis says he will ban coronavirus 'vaccine passports' in the state • Republicans slam vaccine passports as dystopian, but experts say they'll help us get back to normal faster
(DBN)

What Americans really think about billionaires during the pandemic
(DBN)

Will productivity and growth return after the COVID-19 crisis?
(DBN)

World economy on 'firmer footing' but 'debt and inequality pose risks'
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

Case-Shiller: National House Price Index increased 11.2% year-over-year in January • Low Rates Fuel Biggest Home Price Surge Since February 2006 • Home prices see highest gain in nearly 15 years
(DBN)

Upheaval in the U.S. housing market - Tracking higher prices and lower supply state by state
(DBN)

Forbearance falls below 5% for the first time in a year
(DBN)

Landlords, Housing Groups Brace for Evictions in Tri-State Area
(DBN)

As Big Companies Shed Office Space, Big Cities Are Poised For Big Changes
(DBN)

Remote Work Is Here to Stay. Manhattan May Never Be the Same.
(DBN)

Office reopening patterns across the country
(DBN)

Bank of America’s 1,800 Campus Hires to Be Trained Online, Work in Offices
(DBN)

76 all-cash offers on one home. The housing madness shows no signs of slowing
(DBN)

Critics slam the Fed as home prices rise at a historic rate
(DBN)

States struggle to get rent relief to tenants amid pandemic
(DBN)

Mortgage Rate Increase Hits Lenders as Refinancing Surge Fizzles
(DBN)

The Cities Where People Are Most Likely to Refinance Mortgages
(DBN)

Eviction ban extended through June just days before up to 40 million faced risk of losing housing
(DBN)

U.S. Largest Provider of Single-Family Rent Homes Made Largest Profit Ever
(DBN)

Vengeance is served with a jackhammer or death metal: South Koreans strike back at noisy neighbors
(DBN)

American Dream lenders reportedly taking stake in owner’s other malls after default
(DBN)

Henry Ford Village Enters into $69 Million Stalking Horse Agreement with MED Healthcare Partners
(DBN)

‘Catwoman’ den in Trump World Tower sold for $2M by creditors
(DBN)

The Rise and Fall of WeWork
(DBN)

____________

Municipalities:

Puerto Rico’s Dueling Territorial Status Bills to Get Hearing
(DBN)

____________

Oil/Gas:

Automakers Vow to Spend $250 Billion on U.S. Electric Vehicles
(DBN)

Major U.S. airlines commit to carbon neutrality by 2050, trade body says
(DBN)

Auto negotiations test Biden's vow to create a climate-friendly future
(DBN)

____________

Education:

A teacher forgot to exit a Zoom call with a student. That's when her racist rant started, his family says.
(DBN)

Global education gap to grow due to uneven recovery and vaccine access
(DBN)

____________

Non-Profits:

NRA Board Approves Bankruptcy Filing…Retroactively
(DBN)

NRA Director Seeks Examiner Probe for Bankruptcy Case
(DBN)

____________

Healthcare:

WHO chief: Virus investigators had difficulties "accessing raw data" from China • WHO Chief Critiques Covid Report, Says Lab Leak Study Needed • White House Criticizes WHO Virus Report for Lack of Data, Access • The coronavirus likely traveled 800 miles to Wuhan from farms that breed wild animals for food, a WHO report found
(DBN)

‘It Felt Like Deception’: An Elite NYC Hospital Charges Huge Covid Test Fees
(DBN)

Germany to Recommend AstraZeneca Vaccine Use Only for People Over 60
(DBN)

How well are COVID vaccines working in Americans who got them? CDC reveals new data
(DBN)

Pfizer says COVID vaccine was 100% effective in trial of children ages 12 to 15
(DBN)

Despite Chile’s Speedy Covid-19 Vaccination Drive, Cases Soar
(DBN)

Turkey reimposes restrictions after sharp rise in infections
(DBN)

Coronavirus cases are rising all over the world
(DBN)

Michigan's Whitmer asks White House to surge vaccine to virus hot spots as cases climb
(DBN)

Demand for vaccines is already waning in some parts of the country
(DBN)

U.S. Covid Deaths Expected to Rise Soon With New Wave Emerging
(DBN)

America is now on track to vaccinate all adults by July 4
(DBN)

Half of all US seniors have been fully vaccinated against COVID-19
(DBN)

We're doing shots! Vaccinated or not, America wants to party again
(DBN)

The Moment Vaccine Skepticism Went Mainstream
(DBN)

Florida COVID numbers face new scrutiny
(DBN)

Covid Brazil variant triples risk of death in young people, figures suggest
(DBN)

COVID-19 Vaccines Could be Ineffective Within the Year Due Due to Virus Mutations According to Epidemiologists
(DBN)

Arkansas becomes first state to pass bill prohibiting doctors from providing gender-affirming medical care to trans youth
(DBN)

J&J to supply 400 million COVID-19 vaccine doses to African Union
(DBN)

Hospital Covid outbreaks soared in part because wrong staff given PPE
(DBN)

Why partying college students should get to jump the queue for the Covid vaccine
(DBN)

Which world leader has the worst pandemic record? The competition is fierce
(DBN)

Mapped: Uninsured Rates by State
(DBN)

____________

Museums:

Visitor Numbers To Major Art Museums Collapsed In 2020
(DBN)

____________

New Bankruptcy Opinions
(8 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (23 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (50 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:

U.S. Bankruptcy Filings Cool Off After a Busy March Start
(DBN)

Black Women Having Been Filing For Bankruptcy At Distressing Rates Since Last Year — Here’s Why…
(DBN)

______________

Bankruptcy Reform:

Congress Extends Higher Debt Ceiling for Small Business Bankruptcies
(DBN)

Expanded Bankruptcy Subchapter V Eligibility for Small Business Debtors Extended for Another Year
(DBN)

____________

Mediation:

Judge Kornreich: On Judicial Mediators And Private Mediators (An Interview)
(DBN)

____________

Finance:

NACBA Calls on SBA to Submit to the EOUST the Eligibility of Debtors for PPP
(DBN)

Gov. Jim Justice No Longer A Billionaire, After $850 Million Debt To Insolvent Greensill Capital Revealed
(DBN)

____________

Student Debt:

BK SD FL Implements Student Loan Program
(DBN)

Cardona extends pause to student loan payment for 1 million borrowers with defaulted loans
(DBN)

A year without student loans: What the past 12 months of halted payments have meant for borrowers across the country
(DBN)

Biden's DOE just canceled $1.3 billion of student debt for 41,000 borrowers with disabilities - and ended a rule requiring 230,000 to submit paperwork to qualify
(DBN)

Student loan forgiveness: 230,000 debtors with disabilities see relief in 'a tiny step' that foreshadows others
(DBN)

More than 1 million student loan borrowers in default now eligible for relief
(DBN)

Senator Warren invites CEO of student loan giant Navient to debt burden hearing
(DBN)

Biden Cancels $1.3 Billion Of Student Loans — His Plan For Student Loan Cancellation Is Becoming Clear
(DBN)

____________

Bankruptcy Crimes:

Dallas Man Pleads Guilty to Obstructing IRS Laws
(DBN)

____________

Surrender:

5th Cir. Rejects Chapter 13 Debtor’s Attempt to ‘Partially Surrender’ Different Collateral for Same Claim
(DBN)

____________

D&O:

Delaware Courts Continue To Issue Insured-Friendly D&O Insurance Rulings
(DBN)

____________

Aviation:

Airlines Give Crown Jewel Frequent-Flier Programs to Bond Market
(DBN)

Small Numbers Of Frequent Flyers Dominate Air Travel
(DBN)

What the busiest airport in Texas is like a year into the pandemic
(DBN)

Puerto Rico to reopen 2 airports for airline flights
(DBN)

CDC reiterates that Americans should 'please limit travel' as US hits 30 million cases of COVID-19
(DBN)

Italy says talks with EU on Alitalia stalled, new plan needed
(DBN)

____________

Food/Beverage:

Hundreds of Subway, Dunkin', and Burger King locations closed in 2020 - here are the chains with the most closures
(DBN)

____________

Hedge Funds:

JPMorgan Says Banks’ Archegos Hit May Be Up to $10 Billion • Wells Fargo Says It Didn’t Have Losses From Archegos Exposure • Credit Suisse Girds for Billions in Losses From Archegos Hit • Archegos makes it a trifecta of debacles for Credit Suisse • S&P Downgrades Credit Suisse on Archegos and Warns of Risk Flaws • Credit Suisse Gets Slammed in Credit Markets on Archegos Losses • Nomura faces tough questions over global plans after U.S. client loss • ‘This has to be one of the single greatest losses of personal wealth in history,’ says stock-market pro of Archegos margin call
(DBN)

____________

Autos:

Bankrupt Hertz Mulls Rival Takeover Plan From Lender Group
(DBN)

Investors Mount Competing Bids to Buy Hertz Out of Bankruptcy
(DBN)

Hertz Competing Reorganization Plans Hinge on Pending Details
(DBN)

Hertz Progresses Toward Chapter 11 Exit In Second Quarter Of 2021 As Robust Negotiations Regarding Plan Sponsorship Continue
(DBN)

Hertz sells Donlen subsidiary for $250 million, gets closer to leaving bankruptcy
(DBN)

____________

Politics:

Democrats’ new plan for passing more bills with 51 Senate votes, explained
(DBN)

MyPillow's Mike Lindell claims Trump will 'be back in office in August' in Steve Bannon podcast rant
(DBN)

House GOP memo: Trump embrace is only option for comeback
(DBN)

Trump’s Presidency Is Over. So Are Many Relationships.
(DBN)

A partisan chasm in views of Trump’s legacy
(DBN)

Dan Rodimer ran for Congress in Nevada as a suburban family man and lost. Now he's running in Texas as a gritty cowboy. Critics say it's a bunch of bull.
(DBN)

Kentucky Republicans change the rules so they could get to pick Mitch McConnell's replacement
(DBN)

Cuomo kept coronavirus tests for his 'inner circle': Report
(DBN)

Georgia faces growing number of legal challenges over new voting law
(DBN)

Gohmert's $5,000 Metal Detector Fine Stands
(DBN)

____________

Tourism:

Tourism in Antigua and Barbuda Is Sending Covid Skyrocketing
(DBN)

____________

Sovereigns:

Pakistan Selling $2.5 Billion of Bonds After IMF Bailout Resumes
(DBN)

____________

UK:

The Corporate Insolvency and Governance Act 2020 – the most significant insolvency reforms in the UK for a generation
(DBN)

UK Insolvency Protection Laws Extended – Where Are We Now?
(DBN)

UK concern over 'opaque' empire of billionaire Gupta
(DBN)

Britain’s Jobless Left Scarred by Lengthening Covid Lockdowns
(DBN)

Liberty Steel nationalization 'an option' to save jobs • The case for a rescue of Liberty Steel assets
(DBN)

____________

Canada:

Canada Looks to Immigration to Boost Economic Recovery
(DBN)

Bank error in your favor – The $900 million wire transfer mistake: Practical implications in the Canadian lending context
(DBN)

____________

Mexico:

Bankruptcies of state-owned companies
(DBN)

____________

MENA:

Israel's Flawed Corporate Reorganization Law
(DBN)

____________

Brazil:

Covid in Brazil ‘completely out of control,’ says Sao Paulo-based reporter
(DBN)

____________

South Korea:

SsangYong Motor arrives at make-or-break deadline Wednesday
(DBN)

____________

PIIGS:

Italy reports 529 coronavirus deaths on Tuesday, 16,017 new cases
(DBN)

____________

France:

French virus surge raises harrowing specter of ICU overloads
(DBN)

____________

South Africa:

South Africa Allows Greater Public Gatherings Ahead of Holidays
(DBN)

____________


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