March 4, 2021

The Daily Bankruptcy News

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Law:

Davis Polk Tells Associates ‘Thank You’ With Extra Special Gifts
(DBN)

Marvel CEO seeks punitive damages for alleged theft of his DNA during a deposition
(DBN)

Partners Worked Harder Than Ever Last Year, Creating New Risks
(DBN)

Boies Partner’s Domestic Violence Case Prompts Internal Review
(DBN)

Gibson Dunn Names First Woman Chair in 131st Year After Founding
(DBN)

Ropes & Gray Targets Early September for Return to Office • Top Biglaw Firm Sets Its Sights On A September 2021 Office Reopening
(DBN)

Biden Turns to Ivy League for Lawyers as Policy Battles Loom
(DBN)

Prosecutors move to drop charges against former Littler associate charged in Portland demonstration
(DBN)

Quantifying The Legal Industry’s Response To The Killing Of George Floyd
(DBN)

Is Impartial Impossible? George Floyd Jury Choice a Daunting Job
(DBN)

NYC Bar To Rudy Giuliani: Nice Law License You Got There, It Would Be A Shame If Something Happened To It
(DBN)

Lin Wood Booted From Lawyers Club After Calling for Pence’s Execution
(DBN)

Paralegal who refused to notarize affidavit because of its contents can sue over her firing, appeals court says
(DBN)

Juries For Online Trials Are Younger And More Diverse
(DBN)

Report: 2020 was the worst year for democracy in recent history
(DBN)

General: Pentagon hesitated on sending Guard to Capitol riot • National Guard chief: Pentagon's "unusual" Jan. 6 restrictions led to 3-hour delay • 'Three Hours and 19 Minutes Later': D.C. National Guard Chief Testifies About Protracted Delay Between Alert to the Army and Pentagon Approval • Takeaways: What hearings have revealed about Jan. 6 failures
(DBN)

Capitol Police warns of attack by "an identified militia group" on March 4
(DBN)

Alleged Proud Boys leader wins pretrial release • 1st trial set in riot • Feds: Remorse Doesn't Trump Evidence
(DBN)

House Democrats Argue Republicans Lack Standing to Sue Because They Are Doing the Very Thing They Claim Is Illegal
(DBN)

Dems Jumpstart Gun-Control Efforts
(DBN)

House passes police reform bill
(DBN)

SUV in crash where 13 died came through hole in border fence • SUV Filled with 25 Passengers in ‘Mass Fatality’ Crash Initially Drove Through Hole in Border Fence as Part of ‘Migrant Smuggling Operation’: CBP
(DBN)

Biden Risks Border Crisis as Migrant Children Fill Up Shelters
(DBN)

'Not quite ready yet': Democrats won’t take up Biden immigration plan this month
(DBN)

Officers who fired stun gun at man doused in gasoline, setting him ablaze, aren’t liable, appeals court rules
(DBN)

Police: Woman Attacked With Sock Full Of Coins With Son On Subway
(DBN)

Shocking video shows man beaten and robbed on Bronx sidewalk as people walk by
(DBN)

A precious metal that costs 15 times more than gold is driving a surge in thefts of catalytic converters
(DBN)

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Judges:

Judiciaries Need More Resources During This Difficult Time
(DBN)

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Wall Street:

 

Wall Street drops as high-flying tech stocks retreat
(DBN)

XL Fleet slumps 20% as famed investor Carson Block goes short, says the market is in a SPAC bubble full of 'garbage'
(DBN)

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Layoffs:

Britain's Sainsbury's to cut 500 more jobs, shrink office space
(DBN)

Sinclair Broadcasting Fires 5% of Workforce
(DBN)

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Healthcare:

Mercy Hospital enters deal that could keep historic Bronzeville hospital from closing
(DBN)

Biden says it's a 'big mistake' for states to lift mask mandates • New mask wars threaten Biden's pandemic response at critical moment • 'Masks required' signs are coming down after Texas, Mississippi lift restrictions • Schools, stores divided
(DBN)

The danger of a fourth wave
(DBN)

Fauci says U.S. must stick to two-shot strategy for Pfizer, Moderna COVID-19 vaccines
(DBN)

Best and Worst States for One Vaccine Dose
(DBN)

Biden Invokes Federal Law To Broker Merck, J&J COVID Vaccine Manufacturing Alliance
(DBN)

Dr. Fauci has a stunningly simple way to explain how Johnson & Johnson's COVID-19 vaccine differs from Pfizer's and Moderna's shots
(DBN)

California to give 40% of vaccine doses to vulnerable areas
(DBN)

States rapidly expanding vaccine access as supplies surge
(DBN)

The data is in: COVID-19 vaccines are proving to be crucial in curbing the pandemic by slashing infections, hospitalizations, and deaths
(DBN)

Shippers ready to meet faster vaccine timeline
(DBN)

Staff at some major U.S. firms to keep masks on in Texas even as state lifts mandate
(DBN)

Exhausted Texas ICU Nurse Says She’s Scared About The Upcoming End To The TX State Mask Order
(DBN)

'When will it end?': How a changing virus is reshaping scientists’ views on COVID-19
(DBN)

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Gambling:

With sale of the Venetian, Las Vegas Sands exits the Strip
(DBN)

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Tax:

The Billionaire Behind the Biggest U.S. Tax Fraud Case Ever Filed
(DBN)

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Credit Reporting:

Mitigating FCRA Risks in The Covid-19 World
(DBN)

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Mail:

U.S. Postal Service will offer early retirements, consolidate postal districts
(DBN)

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Travel:

STA Travel Files Subchapter V In BK DE - First Day Dec
(DBN)

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Investment Firms:

Highland Capital faces plan confirmation appeal from Dondero’s entities
(DBN)

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Student Debt:

Medical School Graduate Who Worked Odd Jobs For Years Gets $440,000 Of Student Loans Discharged In Bankruptcy
(DBN)

Senate Bill Would Discharge Substantial Student Loan Debt to Medically Distressed
(DBN)

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Rail:

Train Disaster Case Appears to Run Aground in 1st Circuit
(DBN)

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Economy:

New Biden economic hires point toward infrastructure, manufacturing emphasis
(DBN)

Fed survey finds modest gains in the US economy in February • Fed's Beige Book: "Economic activity expanded modestly"
(DBN)

Minneapolis Fed casts broader net to gauge state of U.S. economy
(DBN)

Fed may be forced into action to avoid repeat of 2013's 'taper tantrum'
(DBN)

So... just how concerned should we be about America’s $28 trillion debt?
(DBN)

U.S. Inflation Expectations Hit Decade High as Yields Resurge
(DBN)

USPS, Census, Small Business Loans on ‘High Risk’ List: GAO
(DBN)

U.S. Services Sector Growth Eases in February — ISM
(DBN)

Lack of gender equality laws bring economic cost, heightened by pandemic
(DBN)

ADP: Private Employment increased 117,000 in February • U.S. Private Sector Job Growth Slows in February, Missing Expectations — ADP • U.S. private payrolls rise modestly, worker shortages emerging
(DBN)

The Fed could be firing up economic stimulus in disguise
(DBN)

Walmart Aims to Invest $350 Billion in U.S. Manufacturing Over Next 10 Years
(DBN)

Biden cuts 16 million people off from stimulus checks after striking deal with moderate Senate Democrats, study says • Republicans are balking at how much state aid is in Biden's stimulus, but Democrats maintain it's necessary for a full recovery • Dems tighten relief benefits, firm up support for virus bill
(DBN)

Biden faces backlash over small business rescue overhaul
(DBN)

'Neanderthal thinking': President Biden decries Gov. Abbott's decision to drop COVID restrictions • Texas plan to lift Covid mask mandate branded ‘absolutely reckless’ by California Gov as state says it will reopen fully
(DBN)

COVID In Colorado: Gov. Jared Polis Envisions A ‘Very Close To Normal’ Summer
(DBN)

U.S. Senate negotiates limits in Biden's $1.9 trillion COVID-19 bill before vote
(DBN)

Stockton’s Basic-Income Experiment Pays Off
(DBN)

Billionaire Leon Cooperman confirms the wealth-tax implementation problem: rich people will hide assets
(DBN)

U.S. Heavy Truck Sales up 9% Year-over-year in February
(DBN

Banks voice need for staff to return to office as pandemic takes toll on culture
(DBN)

Minor Setback in NACM’s February Credit Managers’ Index Hints Toward Promising Months Ahead
(DBN)

How Much Money Do You Need To Join The Top 1%?
(DBN)

Krugman: Too Much Choice Is Hurting America
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

The Trumps are trying to sell a Florida home for $49 million after buying it from the former president's sister for $18 million in 2018
(DBN)

Abandoned Mansions of Rich and Famous
(DBN)

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Oil/Gas:

Why gas prices are back up
(DBN)

The oil market’s wild pandemic ride is about to take another turn
(DBN)

Exxon scales back shale ambitions to focus on lower costs, dividend preservation
(DBN)

Norway's Seadrill writes down $2.9 billion on its oil rigs
(DBN)

Valaris receives court approval of Chapter 11 Plan of Reorganization
(DBN)

Big Oil Commits to Net Zero Emissions
(DBN)

Fuel Efficiency Top Priority for New Car Owners
(DBN)

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Renewable Energy:

DOE reviving loan program, Granholm says
(DBN)

Rooftop solar could kill—or save—the Texas electric grid
(DBN)

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Autos:

GM extends vehicle production cuts due to semiconductor chip shortage
(DBN)

February Vehicles Sales decreased to 15.67 Million SAAR
(DBN)

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Climate:

House Energy and Commerce leaders unveil sweeping climate change legislation
(DBN)

US-China tensions threaten global climate change efforts
(DBN)

Historic drought deepens in the West as window for rain, snow closes
(DBN)

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Politics:

The future of QAnon, explained by 8 experts • QAnon: Trump Becomes President Again Today
(DBN)

The danger of the new skepticism
(DBN)

Biden's Labor Advisor Helped Uber Gut Workers' Rights
(DBN)

Eager to act, Biden and Democrats leave Republicans behind
(DBN)

Mike Pence torn to shreds for justifying insurrectionists' conspiracies: 'These lies almost got you lynched'
(DBN)

Cuomo addresses harassment claims, vows to stay in office • Cuomo Approval Drops to 38 From 71 in a Year Amid Multiple Controversies • The Cuomo sexual harassment allegations are a test for Democrats • Cuomo: "I am not going to resign" • Democrats' hypocrisy moment • Tom Reed hiring team for New York governor run • ‘New Yorkers Deserve Better’: Charlotte Bennett’s Lawyer Says Gov. Cuomo’s Apologetic Presser Was ‘Full of Falsehoods’ • Double standard? Gillibrand in spotlight after Cuomo scandal
(DBN)

'Ticked off' Republicans vote against Marjorie Taylor Greene after third attempt to adjourn House
(DBN)

House prepares to pass landmark voting rights, ethics bill
(DBN)

Jim Jordan's Missing Campaign Funds Problem
(DBN)

Majority appears poised to uphold Arizona voting rules
(DBN)

IG: Elaine Chao Used DOT to Help Family • Probe Made Criminal Referral for Chao
(DBN)

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Finance:

Inside the murky Greensill corner of shadow banking
(DBN)

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Bankruptcy Crimes:

Shreveport: Owner of Local Energy Service Companies Indicted for Bankruptcy Fraud
(DBN)

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Fitness:

New York Sports Clubs' former owner settles NY attorney general lawsuit over billing
(DBN)

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New Bankruptcy Opinions
(5 new opinions today

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (41 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (6 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)

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Bankruptcy Statistics:

Slowdown in US corporate bankruptcies continues as COVID-19 recovery looms
(DBN)

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Prepacks:

All in a Day’s Work. Belk Achieves Confirmation of Pre-Packaged Plan in Record Time
(DBN)

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Out-of-Court Restructuring:

New York Court of Appeals Splits from Second Circuit on Minority Bondholders' Rights in out of Court Restructurings
(DBN)

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SAREs:

SAREs Revisited
(DBN)

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D&O:

D&O and Professional Liability - 2020: A Year in Review
(DBN)

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Aviation:

Boost for holidays as new vaccine passport app for international travel launches in next two weeks
(DBN)

NY testing 'COVID passport'
(DBN)

Lufthansa beats forecasts, may scrap more jets • Lufthansa weighs faster plane retirements after record loss
(DBN)

Norwegian Won’t Fly The Boeing 737 MAX Again
(DBN)

SpaceX Nails Landing, Still Blows Up
(DBN)

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Tech:

Facebook to lift political ad ban imposed after November election
(DBN)

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Utilities:

Texas power grid operator ERCOT fires CEO after deadly blackouts
(DBN)

Texas electricity regulator cuts some emergency fees tied to winter storm
(DBN)

Texas power grid names firms with unpaid bills, cuts off second • A Second Power Provider Defaults After Texas Energy Crisis
(DBN)

Texas Power Company Seeks Bankruptcy Protection; Others Likely to Follow
(DBN)

Exxon and Macquarie in $11.7 million U.S. lawsuit over gas contract
(DBN)

Mississippi's Clean Water Crisis
(DBN)

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Movie Theaters:

Alamo Drafthouse files for Chapter 11 bankruptcy, closing some theaters • Alamo Drafthouse Files for Chapter 11, Announces Sale to Altamont Capital, Fortress Investment • Alamo Drafthouse, Beloved Cinema Where You Can Eat While Watching a Movie, Files for Bankruptcy • First Day Dec
(DBN)

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Sports:

Newsom confident MLB fans can return to California stadiums in April
(DBN)

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Food/Beverage:

Fast-food workers in LA face unmasked customers and unsafe workplaces, and are punished for speaking up about COVID-19, a damning new report says
(DBN)

Restaurant Performance Index increased 0.5% in January
(DBN)

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Retailing:

Disney to close at least 60 North American stores, focus on e-commerce
(DBN)

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UK:

UK businesses told to review COVID-19 claims as UK cracks down on fraud
(DBN)

U.K. Sets Out Plans to Raise Taxes to Claw Back Covid-19 Costs
(DBN)

Britain launches new pandemic loan support scheme
(DBN)

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EU:

WHO says cases rising in Europe after six weeks of decline
(DBN)

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Brazil:

Brazil's Covid outbreak is global threat that opens door to lethal variants – scientist
(DBN)

Virus surge forces Sao Paulo to shut as Buenos Aires reopens
(DBN)

Rio de Janeiro announces curfew as Brazil battles brutal COVID wave
(DBN)

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China:

China makes COVID-19 anal swabs mandatory for foreigners
(DBN)

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France:

Sarkozy conviction triggers right-wing backlash against ‘judges’ republic’
(DBN)

'It's over': Macron risks losing left in Le Pen battle
(DBN)

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MENA:

The Saudi Bankruptcy Law: A Seismic Shift
(DBN)

Lebanese anger at economy grows as political deadlock persists
(DBN)

Senators Introduce Bill to Prevent Biden and Future Presidents from Justifying Military Force in Middle East with 'Outdated' Authorizations
(DBN)

International Criminal Court opens Israel-Palestine war crimes probe
(DBN)

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Brazil:

Brazil GDP Contracted 4.1% in 2020 After Pandemic Shut Down Businesses
(DBN)

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India:

Would a moratorium imposed under IBC bar Consumer Court proceedings against erstwhile company directors? Supreme Court to examine
(DBN)

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Germany:

German business decries gradual easing of coronavirus curbs as 'disaster'
(DBN)

German far-right party put under surveillance first time since Nazi era
(DBN)

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