March 5, 2021

The Daily Bankruptcy News

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Law:

At these top law firms, profit boosts followed layoffs of lawyers and staff members
(DBN)

Norton Rose Fulbright unfreezes salaries
(DBN)

Roundup Plaintiffs' Lawyers Spar Over $800 Million in Fees
(DBN)

The Biglaw Firm With An Impressive Promotion Rate For Associates
(DBN)

Garland's AG nomination delayed by GOP roadblocks
(DBN)

Gibson Dunn M&A Leader Elected Firm's First Female Chair
(DBN)

AI for Litigators? How McDermott Is Using Algorithms to Flag Potential Issues for Clients and Get Their Hands on Hot Docs Faster
(DBN)

Trump election fraud investigation in Georgia enters new phase with grand jury set to be seated
(DBN)

Trump Claims Constitution Still Protects Taxes as Ex-President
(DBN)

Rudy Giuliani, who helped lead Trump's bogus election-fraud conspiracy theory, is being mocked after warning of the dangers of misinformation
(DBN)

Personal Injury Lawyer Opens Up About Being Mocked for Saying 'Philly-delphia’ During Trump Impeachment Trial
(DBN)

Texas AG Ken Paxton Gets Absolutely Destroyed By Cop On Twitter
(DBN)

Police uncover ‘possible plot’ by militia to breach Capitol Capitol Police request extension of National Guard to protect Congress, defense officials say Trump must tell his supporters to 'stand down' from new threat to storm Capitol, GOP Rep. Michael McCaul says Capitol Officials Seek Two More Months of National Guard Help
(DBN)

Feds warn threats are harder to track as extremists shift to encryption
(DBN)

"QAnon Shaman" claims he wasn't attacking country during Capitol riot 'QAnon shaman' is 'wounded' Trump hasn't helped him Man pictured with feet on Pelosi's desk yells at judge: "It's not fair" Man Who Stormed Capitol And Broke Into Nancy Pelosi's Office Pitches Fit In Court Hearing Defendant Flips Out in Federal Court, Says ‘It’s Not Fair’ He’s Been Locked Up ‘For a Whole Month’ After Putting His Feet on Desk in Pelosi's Office Family Drama: Two of Capitol Rioter's Relatives Sent Authorities His Father's Texts Identifying Him, FBI Says ‘God Put Me in That Window’: QAnon Adherent from Idaho Who Filmed Herself Inside Capitol Building Has Been Arrested QAnon Shaman’s Mom Goes to Bat for Her Son: ‘He Walked Through Open Doors’
(DBN)

DOJ Seeks Dismissal of Charge Against Ex-Littler Associate Arrested in Portland Protests
(DBN

Prosecutors: Officer was on Floyd’s neck for about 9 minutes
(DBN)

George Floyd’s Death Sets Up Court Collision of Race, Spectacle
(DBN)

Leaked HHS docs spotlight Biden's child migrant dilemma
(DBN)

FEMA would help with border surge in Texas under new Biden proposal
(DBN)

Republicans call for hearing on Biden's handling of border surge Data show growing backlog of unaccompanied migrant children in Border Patrol custody
(DBN)

Texas family detention centers expected to transform into rapid-processing hubs
(DBN)

Biden's bungled claims about the Hispanic population
(DBN)

Texas Gov. Abbott blames Covid spread on immigrants, slams Biden’s ‘Neanderthal’ comment
(DBN)

Justices raise bar for noncitizens to challenge removal from US after conviction
(DBN)

'It Is a Direct Challenge to Roe v. Wade': Arkansas Lawmakers Send Bill Banning All Elective Abortions to Governor’s Desk
(DBN)

Reporter Robbed At Gunpoint While Covering Car Break-Ins At San Francisco’s Twin Peaks
(DBN)

Federal Prosecutors Charge Founder of Jewish Neighborhood Watch Group Accused of Raping a 15-Year-Old Girl
(DBN)

Colorado Man, Now 70 Years Old, Arrested in Murders of Two Women. The Cases Had Been Cold Since 1982.
(DBN)

Black school resource officer fired by Tampa police for using N-word
(DBN)

Sheriff’s captain suspended for post about Black teens
(DBN)

North Carolina Cop Dangles K-9 Officer from Leash, Bangs Dog's Body Against Police SUV
(DBN)

New York doctor charged with five murders for alleged 'depraved' prescription abuse
(DBN)

Dallas Police Officer Arrested, Charged in Two 2017 Murders
(DBN)

Texas SWAT Destroys Home, Owner Has to Pay
(DBN)

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Judges:

BK CO Seeks Law Clerk, Temporary
(DBN)

Biden Can Flip Second Circuit After Judge Hall Goes Senior
(DBN)

White House primes "pipeline" of federal judges
(DBN)

'Fetch, Judgey! Get It Boy!!!': Judge Does Not Take Kindly To Being Treated Like A Dog In Epic Benchslap
(DBN)

Barrett Rejects Sierra Club in First Opinion for Supreme Court Breaking Away from Norms and Traditions, Justice Breyer Does Not 'Respectfully' Dissent Against Justice Barrett's First Majority Opinion
(DBN)

Supreme Court Code of Conduct Included in House-Passed Bill
(DBN)

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Wall Street:

Stock futures rebound slightly from steep sell-off
(DBN)

Dow plunges 467 points as Powell comments trigger fresh tech sell-off Dow drops 500 points after Powell triggers a jump in yields, S&P 500 and Nasdaq go red on year
(DBN)

Why 'Average Folks' Could Be Getting Hit Hardest By Hertz Bankruptcy
(DBN)

Market Has Crisis of Confidence in the Fed
(DBN)

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Education:

Theodore Decker: Years after its collapse, ECOT still costs Ohio plenty
(DBN)

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Tech:

YouTube CEO Says Trump Channel Stays Suspended on Violence Risk
(DBN)

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Social Clubs:

New York’s Historic Down Town Association Files for Bankruptcy
(DBN)

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Talc:

New ownership brings Montana talc plants out of bankruptcy
(DBN)

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Politics:

Biden says he will sign election reform bill House Democrats poised to pass sweeping elections bill as GOP legislatures push to restrict voting
(DBN)

GOP AGs say House voting rights bill unconstitutional
(DBN)

Is America a Christian nation? Pastors at odds about fusion of faith and politics
(DBN)

In Democrats' progressive paradise, borrowing is free, spending pays for itself, and interest rates never rise
(DBN)

Democratic NY legislator: Sexual harassment allegations show 'clear pattern of Cuomo's abuse of power' Poll: 71 percent say Cuomo purposely concealed number of nursing home deaths Cuomo Faces Probe by Hard-Charging New York AG Seen as Rival for Job Gov. Cuomo reportedly ‘groomed’ ex-aide for sex, ‘derailed’ her career Some Cuomo staffers are 'waking up to the fact that we were in a cult' amid sexual-harassment scandal, according to a new report 'The knives come out': Cuomo fights for political survival as pressure mounts In First TV Interview, Former Aide Speaks Out About Cuomo’s Alleged Sexual Harassment: ‘He Felt Like He Was Untouchable’ Most Don't Want Cuomo to Quit, or Run Again
(DBN)

New Jersey man allegedly carved a QAnon hashtag into a centuries-old stone at 'America's Stonehenge'
(DBN)

Murkowski a critical player in Biden's push for GOP aid
(DBN)

Trump advisors are telling him to drop Pence for a Black or female VP in a potential 2024 run, report says
(DBN)

Georgia governor says he'd back Trump in 2024, despite Trump calling for him to be jailed for refusing to overturn election results
(DBN)

Pence’s new op-ed pushes same election fraud lies that inspired the January 6 insurrection
(DBN)

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Food/Beverage:

17 percent of food produced annually is wasted: UN report
(DBN)


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Sports:

Official in U.S. Bankruptcy case consulted with USA Gymnastics on sexual abuse issues
(DBN)

Spurs coach blasts Texas governor for lifting mask mandate: 'Ridiculous' and 'ignorant'
(DBN)

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Student Debt:

Student-Loan Forgiveness: Here Are Questions Borrowers Need to Ask
(DBN)

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Hedge Funds:

Energy Hedge Fund Deep Basin Returning Capital After Retail Rout
(DBN)

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Economy:

U.S. weekly jobless claims rise moderately; labor market regaining footing Jobless claims rise to 745K in final week of February Weekly Initial Unemployment Claims increased to 745,000 Weekly jobless claims total 745,000 vs. 750,000 expected
(DBN)

U.S. job growth likely regained steam in February
(DBN)

U.S. likely added 210,000 jobs in February — and hiring is ready to speed up
(DBN)

California, Hawaii, and Nevada saw the largest jumps in unemployment last year, government data shows
(DBN)

New York’s Stubbornly High Covid Rates Complicate Reopening
(DBN)

February Employment Preview
(DBN)

Roubini: The Covid Bubble
(DBN)

U.S. Debt Set to Reach Double Economy’s Size by 2051, CBO Says
(DBN)

Pushed out by pandemic, women struggle to regain footing in U.S. job market
(DBN)

COVID recovery requires addressing economic inequities
(DBN)

Fed's Powell likely to restate "patient" approach in public appearance
(DBN)

Fed Chairman Powell says economic reopening could cause inflation to pick up temporarily Powell: Higher inflation temporary, no rate hikes in sight
(DBN)

GOP pulling out all the stops to delay COVID-19 package Inflation debate heats up over Biden relief bill As Senate rushes $1.9 trillion bill through Congress, Biden faces doubts over whether it's still the right package Schumer says Senate will stay through weekend to vote on COVID relief Senate faces long but dull road to weekend coronavirus aid package approval Poll: People favor expansive Covid-19 relief over a targeted bipartisan package 'This is pure politics': Fewer Americans will get a stimulus check this time around — here's exactly how many Senate begins debate on Covid relief bill after limiting $1,400 checks, adding other spending Hours-long reading of legislation delays debate on Biden's $1.9 trillion COVID-19 bill Senate GOP to Stall Out Covid Relief Bill
(DBN)

Next stimulus bill will be big, or bigger
(DBN)

Biden to Meet With House Members in Infrastructure Funding Push Biden Wants Bipartisan Infrastructure Deal
(DBN)

Biden supports making a temporary $3,000 payment to parents in the stimulus bill permanent going forward Expanded $3,000 child tax credit would help 10 million kids living in poverty
(DBN)

Unemployment benefits will expire in 10 days if Congress doesn't pass a stimulus bill. Here's what else could expire this month.
(DBN)

Yellen Adds $9 Billion in Funding for Underserved Communities
(DBN)

Former Sanders aide bashes Democrats 'unwilling to hold the line' on $15 wage Intercept bureau chief: $15 minimum wage was not 'high priority' for Biden in COVID-19 relief Republicans are trying to exchange a minimum wage hike for a crackdown on undocumented workers
(DBN)

U.S. Treasury launches $9 billion coronavirus aid for low-income lending
(DBN)

Experts warn US risks delaying 'normal' summer Murphy Expects a ‘Much More Normal Summer’ at New Jersey Shore
(DBN)

COVID Reopening: San Francisco Bar, Restaurant Owners Cautiously Optimistic About Move To Red Tier
(DBN)

A city gave people $500 a month, no strings attached, to fight poverty. It paid off, study says.
(DBN)

What the pandemic teaches us about the need for parental leave
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Mall Owner Washington Prime Is Said to Prepare Bankruptcy Filing
(DBN)

Mortgage rates top 3% for first time since last summer
(DBN)

Manhattan apartment discounts may be ending soon as sales soar 73% in February
(DBN)

Inland Empire Home Prices Jump
(DBN)

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Municipalities:

AOC-Velázquez Puerto Rico bill sets needed path to decolonization, progressives say
(DBN)

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Oil/Gas:

Oil hits almost 14-month high after OPEC+ extends output cuts
(DBN)

Oil Production Could Fall in Permian Basin
(DBN)

Exxon outlines plan to expand carbon capture efforts
(DBN)

GM in talks to build second U.S. battery plant with LG Chem in Tennessee
(DBN)

U.S. oil prices log highest finish since 2019 as OPEC+ agrees to extend production curbs
(DBN)

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Climate:

Mounting emissions data paints bleak picture on Paris climate goals
(DBN)

Vilsack Says ‘No Time to Waste’ on Farm Climate Initiatives
(DBN)

The pandemic caused a record drop in carbon emissions. Then they bounced back.
(DBN)

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Healthcare:

Historic Mercy Hospital In Bronzeville May Soon Be Sold And Could Avoid Closure
(DBN)

Covid-19 death rates 10 times higher in countries where most adults are overweight, report finds
(DBN)

Abbott defends scrapping mask mandate: It 'isn't going to make that big of a change' Abbott Didn't Ask 3 of His 4 Covid Advisors on Masks Texas doctors respond to mask repeal: We have 'capacity' but not 'morale' for another surge Barbecue Joint Owners Aren’t Happy About the End of the Mask Mandate in Texas TX: Many Companies, Gov't Office Want Masks
(DBN)

U.S. COVID death toll above 518,000 as Biden adds voice to outrage at Texas and Mississippi for reopening
(DBN)

Fauci: Decisions to ease virus restrictions 'inexplicable'
(DBN)

Taking a foot off the gas on Covid? Experts say 'not yet'
(DBN)

One year since pandemic hit New York, new strain emerges in upper Manhattan
(DBN)

Alabama extends mask mandate 1 month, bucking other GOP-led states
(DBN)

Republican governor of West Virginia says there's no plan to lift mask mandate
(DBN)

US traffic deaths spike 8 percent despite coronavirus pandemic
(DBN)

Spring Break COVID-19 Mayhem Is Coming for Florida
(DBN)

Largest Vaccine Maker Warns of Delays as U.S. Prioritizes Pfizer
(DBN)

Novartis to Help Make CureVac Covid-19 Vaccine
(DBN)

Folks, Let's Not Shame People For Getting Vaccines
(DBN)

Fact-check: No link between COVID-19 vaccines and those who die after receiving them
(DBN)

‘Falling through cracks’: Vaccine bypasses some older adults
(DBN)

"Fludemic" model accurately maps where COVID hotspots will crop up a week out
(DBN)

Ultra-rich Florida community got COVID vaccinations in January
(DBN)

Great apes at San Diego Zoo become first non-humans to receive COVID-19 vaccine
(DBN)

How future generations will judge humanity's performance against the coronavirus
(DBN)

Fake coronavirus vaccine seizures in several countries are 'tip of the iceberg,' Interpol warns
(DBN)

Covid tongue? Why new Covid-19 symptoms keep popping up.
(DBN)

This Pandemic Will Not be the Last
(DBN)

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Mass Torts:

Boy Scouts given more time to respond to lawsuit over assets
(DBN)

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New Bankruptcy Opinions
(4 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (8 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (49 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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Cross-Border:

Keeping Chapter 15 Ancillary – Standalone Litigation in the Cross-Border Context
(DBN)

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Subchapter V:

When Subchapter V Management Misbehaves: “For Cause” Expansion Of A Subchapter V Trustee’s Management Duties
(DBN)

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Jurisdiction:

Bankruptcy Court's $1.2M Defective Tattoo Removal Suit Axed
(DBN)

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Aviation:

Airlines urge relaxation on refunds as EU probes passenger rights
(DBN)

I flew business class for 9 hours, and it made me wish I saved my money and bought an economy ticket
(DBN)

Boeing Said to Seek Another $4 Billion of Liquidity From Banks
(DBN)

Thai Airways debt revamp plan gets support from finmin
(DBN)

Covid-19 Will Limit Aviation’s Growth for 10 Years
(DBN)

‘Vaccine passports’ will help you travel abroad this year, but challenges remain
(DBN)

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Insurance:

Capacity limits on businesses can be a ‘direct physical loss’ covered by insurance, judge rules in bellwether cases
(DBN)

Insurers rewrite business policies after pandemic legal tussles
(DBN)

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Hotels:

Hotels: Occupancy Rate Declined 25.8% Year-over-year
(DBN)

Debt Investors Step Up Hotel Lending in Bet on Life After Covid
(DBN)

Marriott to Pay Hotel Employees for Getting Covid-19 Vaccines
(DBN)

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Gig Economy:

Women make less in the gig economy. A new study asked why.
(DBN)

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Crypto:

Crypto Fraudster Sentenced to 8 Years in Token-Offering Scheme
(DBN)

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Sports:

NFL closing in on new TV, streaming deals, paving way for 17-game season
(DBN)

Boys of Spring Return, With Trickle of Cash for Baseball Meccas
(DBN)

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Retailing:

Ascena restructuring approved post-bankruptcy
(DBN)

Disney is closing 60 stores in the US and Canada
(DBN)

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Autos:

Hertz Lenders Push Alternate Plan for Exit From Bankruptcy
(DBN)

GM Expands Plant Closures Over Chips
(DBN)

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Utilities:

Texas Watchdog Says Power Grid Operator Made $16 Billion Error
(DBN)

House Oversight panel investigates Texas power grid operator after devastating storm
(DBN)

Texas electric industry financial crisis to grow as more costs surface
(DBN)

Tx. Names Electric Firms That Can't Pay Bills
(DBN)

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Finance:

Greensill in crisis as regulators step in to freeze payments
(DBN)

Credit Suisse winds down Greensill-linked funds
(DBN)

Inside the murky Greensill corner of shadow banking
(DBN)

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Maritime:

Valaris Receives Court Approval for Bankruptcy Reorganization Plan
(DBN)

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Sovereigns:

IMF, Zambia to continue debt relief talks
(DBN)

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UK:

Sunak Faces Backlash Over Business Tax Hike as U.K. Budget Sours
(DBN)

U.K. Youth Not in Work or Training Increase Most Since 2011
(DBN)

U.K. Scraps EU Caps, Tripling Covid Cash Companies Can Claim
(DBN)

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Canada:

Insolvencies expected to rise in 2021
(DBN)

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France:

France Tightens Regional Covid Restrictions, Speeds Up Vaccines
(DBN)

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MENA:

Anger in Lebanon as currency, prices spiral out of control
(DBN)

Saudi prince pushes on with $500 billion megacity as U.S. points the finger over Khashoggi killing
(DBN)

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Germany:

Germany agrees easing of COVID-19 curbs, more testing and vaccinations German business decries gradual easing of coronavirus curbs as "disaster"
(DBN)

Scholz Says Germany Will Lift Debt Spending to Help Tackle Virus
(DBN)

Greensill Problems Spread to German Municipality’s Treasury German bank auditors say lodged Greensill Bank complaints in 2020 German town fears $46 million loss on Greensill Bank accounts
(DBN)

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Latin America:

Coronavirus crisis in Latin America made worse by poverty, inequality, U.N. agency says
(DBN)

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China:

Americans increasingly see China as an enemy
(DBN)

Covid Origin Probe Controversy Heats Up as Scientists Protest
(DBN)

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Australia:

Up to 250,000 more unemployed when JobKeeper ends within weeks
(DBN)

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Mexico:

Despite Covid, Mexico lets tourists in speedily
(DBN)

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Hong Kong:

Hong Kong Turns Empty Hotels Into Apartments as Tourists Vanish
(DBN)

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