March 9, 2021

The Daily Bankruptcy News

View prior editions: Click Here
View prior case summaries: Click Here
Search prior headlines: Click Here
Search prior case summaries: Click Here

Format For Mobile Device



Law:

The Best Law Schools In The World (2021)
(DBN)

More people are applying to law schools, and those with top LSAT scores are also increasing
(DBN)

Vegas parties, celebrities and boozy lunches: How legal titan Tom Girardi seduced the State Bar
(DBN)

Bar Examiners Willing To Bankrupt Applicants Before They’ll Admit These Policies Make No Sense
(DBN)

McDermott Expands Restructuring Practice in Atlanta
(DBN)

Will the Legal Industry Experience a K-Shaped Recovery Too?
(DBN)

‘Real Housewives’ lawyer had close ties to some state bar officials, never faced ethics charges despite accusations
(DBN)

One Year Of Challenges And Changes For The Legal Industry
(DBN)

Midland firm's partner named to lawyer hall of fame
(DBN)

Bankruptcy attorney James Patterson: ‘You miss that connection’
(DBN)

Review says Capitol Police ill-equipped to deal with threats, more security measures needed
(DBN)

Capitol needs a permanent Guard team in case of security emergencies, report says
(DBN)

Jacob ‘QAnon Shaman’ Chansley Kept Behind Bars as Reagan-Appointed Judge Hammers His Lawyer for ‘Publicity Stunt’ Interview on ‘60 Minutes’ Authorities arrest Oath Keeper seen with Trump adviser Roger Stone on morning of insurrection Roger Stone’s Oath Keeper Bodyguard Charged by Feds in Capitol Riots A Trump appointee who was arrested over the Capitol riot asked a judge if he could be transferred to a cell with no cockroaches FBI Still Hunting Hundreds of Capitol Rioters
(DBN)

Supreme Court rejects final Trump election challenge Supreme Court Rejects Lin Wood's 'Emergency' Petition to Stop Senate Runoff Elections in Georgia ... Months Later
(DBN)

Protests erupt outside Trump Tower demanding ex-president’s arrest after he returns to NYC
(DBN)

Trump ‘greeted by single supporter’ as he returns to New York for first time since presidency
(DBN)

Tense, empty, boarded up: Minneapolis braces for unrest ahead of Chauvin trial
(DBN)

Biden to offer temporary legal status to thousands of Venezuelan immigrants living in U.S.
(DBN)

Supreme Court keeps ex-students' lawsuit alive in college speech zone case
(DBN)

Biden's picks for key Justice Department posts face confirmation scrutiny
(DBN)

White House says it must ‘work more’ to discourage illegal migrants coming to US
(DBN)

DHS won’t test thousands of migrants before releasing into US and is relying on border communities
(DBN)

Judge permanently ends criminal case against Breonna Taylor's boyfriend
(DBN)

Jury selection delayed in Derek Chauvin trial Uncertainty Surrounding Third-Degree Murder Charge Throws Wrench in Jury Selection for Derek Chauvin's Trial in the Death of George Floyd Here's Why Derek Chauvin Could Beat Murder Charges for George Floyd's Death Fiery chants for justice from marchers at Chauvin trial
(DBN)

1 killed in shooting near George Floyd memorial in Minneapolis
(DBN)

White supremacists are trying to join the ranks of law enforcement and US military
(DBN)

As hate crimes grow more violent, here are some policy recommendations to protect the communities they impact
(DBN)

US journalist arrested while covering protest goes on trial
(DBN)

66-Year-Old Florida Man Allegedly Buried Newlywed Wife in Yard, Told Cops She Was ‘Swimming with the Fishes’
(DBN)

Ohio college student dies after alleged hazing incident
(DBN)

City to probe why cop accused of murder kept job
(DBN)

Police pursue hundreds of tips after violent party
(DBN)

LGBTQ rights bill a debate over religious liberty
(DBN)

______________

Judges:

3 female Guatemalan judges defend rule of law despite attacks, attempts to remove them
(DBN)

U.S. Courts Considering Changes to Amicus Brief Funding Rules
(DBN)

Chief Justice Roberts Stands Alone in Unusual and Surprising Supreme Court Case Supreme Court sides with Christian students silenced on Georgia campus
(DBN)

Roberts Calls His Justices Advice Columnists
(DBN)

______________

Wall Street:

Nasdaq futures jump 2.5% as bond yields retreat, Dow futures gain 170 points
(DBN)

Nasdaq 100 Tumbles, Ends 11% Below Feb. 12 Record: Markets Wrap It's official: Nasdaq in a correction, with 10% fall from Feb record close
(DBN)

One year later, a look back at Wall Street's wild ride in a pandemic economy
(DBN)

GameStop jumps more than 40%, other 'meme stocks' rally on stimulus hopes
(DBN)

______________

Layoffs:

Austin school district plans to eliminate 200 positions amid falling enrollment
(DBN)

ON Semiconductor to terminate more than 700 employees in its second wave of pandemic layoffs
(DBN)

______________

Student Debt:

A Heroes Jubilee
(DBN)

____________

Firearms:

Remington must make bankruptcy plan changes for Sandy Hook families, judge says
(DBN)

____________

Retailing:

Eden Prairie's iMedia wants to give Christopher & Banks a new life
(DBN)

____________

Hotels:

Bankrupt Fairmont hotel can help spur downtown San Jose rebound, following reorganization
(DBN)

Times Square Luxury Hotel Moves Step Closer to Foreclosure Sale
(DBN)

____________

Agribusiness:

Kingsburg Grain & Feed insolvency stopped from hurting farmers
(DBN)

____________

Healthcare:

CDC releases guidance on what people can do after Covid-19 vaccination CDC not endorsing travel for vaccinated individuals Fully vaccinated Americans can meet in groups indoors without masks or distancing – but must cover faces in public
(DBN)

Despite the fact that Trump got vaccinated, nearly a third of all Republicans say they ‘definitely won’t’ get vaccinated, citing Trump’s Covid falsities
(DBN)

Time to double down — not let up, WHO chief scientist warns as Covid cases rise
(DBN)

Connecticut governor defends easing Covid rules, says many older residents vaccinated Arizona to fully reopen
(DBN)

U.S. Coronavirus Cases Post Slowest Spread Since Pandemic Began
(DBN)

Ouch! Fear of needles may keep many people away from Covid vaccines
(DBN)

'Mask off' party to celebrate Texas lifting Covid mandates blasted by Houston officials
(DBN)

Big-name Dallas gyms will drop mask requirements, open occupancy to 100%
(DBN)

Black churches have become indispensable in Covid-19 vaccination effort
(DBN)

A new lab study shows troubling signs that Pfizer's and Moderna's COVID-19 shots could be far less effective against the variant first found in South Africa
(DBN)

I was fully vaccinated and still caught corona - here’s why
(DBN)

Top disease expert says US in the 'eye of the hurricane' as COVID cases decline amid growing concern over spread of UK variant
(DBN)

The Pandemic That Won’t End
(DBN)

Mississippi governor says his goal 'has never been to get rid of the virus' in defense of his decision to end COVID-19 mask mandate
(DBN)

Infectious Disease Expert Warns Next Coronavirus Surge Will Hit Younger People, Too
(DBN)

CDC study finds about 78% of people hospitalized for Covid were overweight or obese
(DBN)

Melinda Gates says we could reach global herd immunity from Covid in 2022
(DBN)

Guilt, envy, distrust: Vaccine rollout breeds mixed emotions
(DBN)

Chicago's United Center tightens vaccine rules after non-residents book most slots
(DBN)

5 groups of people less likely to want a COVID vaccine
(DBN)

COVID claims 15 people in life of one woman
(DBN)

In 2018, Diplomats Warned of Risky Coronavirus Experiments in a Wuhan Lab. No One Listened.
(DBN)

Spring-break partying falls victim to COVID-19 crisis
(DBN)

What the Pandemic Cost Teens
(DBN)

____________


Economy:

Yellen Expects U.S. Economy to Return to Full Employment in 2022
(DBN)

CBO: Deficit Tops $1 Trillion for 5 Months
(DBN)

Goldman: Job Market About to Boom
(DBN)

U.S. wholesale stocks rise; inventories-to-sales ratio lowest in six years
(DBN)

Fed extends small business liquidity facility three months to June 30
(DBN)

‘Significant’ scarring will limit pent-up consumer demand, Stephen Roach predicts
(DBN)

Seven High Frequency Indicators for the Economy
(DBN)

Conference Board's Employment Trends Index Rises in February
(DBN)

Wholesale inventories jumps 1.3% in January
(DBN)

New Economics in a World of Cheap Money
(DBN)

Fifth of men think media reports about gender pay gap are 'fake news'
(DBN)

COVID-19 widens the gender gap in labor force participation
(DBN)

'The world has changed': The scrambled new politics of the minimum wage The 8 Senate Democrats who voted against raising the minimum wage are collectively worth over $43 million
(DBN)

White House: Covid relief checks could reach millions by end of month House prepares to pass $1.9 trillion Covid relief bill Schumer leads Dems to messy but major win on Covid aid The pandemic has been terrible for parents. Help is on the way.
(DBN)

A $39 billion lifeline for American child care
(DBN)

Congress Is Poised to Upend Tax Season With New Break for Unemployment Benefits
(DBN)

$1,400 stimulus check or unemployment tax relief? Covid bill creates tax problem
(DBN)

These Are The States That Americans Are Leaving The Fastest
(DBN)

BP's Office Staff to Work From Home Two Days a Week Under Hybrid Model
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

Commercial Landlords & Tenants: Amendment Provides Opportunities to Negotiate Deferred Payment Arrangements
(DBN)

MBA Survey: "Share of Mortgage Loans in Forbearance Decreases to 5.20%"
(DBN)

Soaring Home Prices Worry Policymakers
(DBN)

Black Knight Mortgage Monitor for January
(DBN)

Las Vegas Real Estate in February: Sales up 13% YoY, Inventory down 57% YoY
(DBN)

Housing Inventory March 8th Update: At Record Lows
(DBN)

Homebuyers on a $2,500 Monthly Budget Stand to Lose $23,250 in Spending Power as Mortgage Rates Rise from Record Lows
(DBN)

With Protections Expiring, Millions are in Danger of Losing Their Home
(DBN)

____________

Municipalities:

Puerto Rico debt restructuring faces several obstacles
(DBN)

Democrats fracture over Puerto Rico statehood
(DBN)

In court filing, lawyers seek up to $202.8M in fees from Flint water settlement
(DBN)

____________

Oil/Gas:

Oil rises to $69 as focus returns to tighter market
(DBN)

A Better Way to Cut the Orphan Well Backlog?
(DBN)

Average LA County gas price rises for 47th time in 48 days
(DBN)

Pennsylvania agrees to settle gas drilling royalties lawsuit Pa. Attorney General: Chesapeake to pay $5.3 million in restitution to landowners
(DBN)

Big Oil Prepares to Capture Carbon
(DBN)

US Refineries Still Down and Out
(DBN)

____________

Climate:

Lower 48 had coldest February since 1989: NOAA
(DBN)

Wells Fargo Pledges $500 Billion Toward Net-Zero Emissions by 2050
(DBN)

____________

Politics:

Trump To GOP: I Am The Party! But Don't Try To Fundraise Off My Name. RNC brushes back Trump on 'cease-and-desist' demand Trump Wants GOP Campaign Funds to Go Through Him
(DBN)

Trump's House GOP fans don his mantle as they seek higher office
(DBN)

Republican Sen. Roy Blunt announces he won't seek re-election in 2022 Roy Blunt becomes fourth Republican senator to announce retirement since Biden inauguration
(DBN)

Don’t Resign Gov. Cuomo, But It’s Time To Take Notice Lawyers tapped to probe Cuomo sexual harassment claims, GOP to seek impeachment Why Officials Like Cuomo Won't Resign
(DBN)

Two Visions Of Trump's Future
(DBN)

Congressional Ethics Complaint Targets New Jersey Democrat for Failing to Disclose More Than 100 Stock Trades Worth Up to $5 Million
(DBN)

Former neo-Nazi says Fox News radicalizes people by saying the same stuff he used to say
(DBN)

Fact-checking misleading attacks on the HR 1 voting rights bill
(DBN)

Sen. Joe Manchin, a Democrat, says he will fight for Republicans to get a say in Biden's infrastructure bill and block it if they don't
(DBN)

Biden nominates female generals who were passed over by the Pentagon because they feared Trump's reaction
(DBN)

A GOP senator who opposed impeachment defends Cheney, Murkowski after Trump amps up attacks
(DBN)

With virus aid in sight, Democrats debate filibuster changes Manchin wants to make filibuster 'painful' to use
(DBN)

Outrage as Georgia Republicans advance bill to restrict voting access
(DBN)

Entire Staff of Nevada Democratic Party Quits
(DBN)

____________

Religion:

Missouri pastor on leave after preaching wives need to look good for their husbands
(DBN)

____________

Education:

Biden eyes trashing Trump-era rules that advocates feared would silence sexual assault survivors on college campuses
(DBN)

____________

Food/Beverage:

COVID-19 bill includes billions for restaurants
(DBN)

____________

Finance:

Court Dismisses Bankruptcy Case to Enable Debtor to Seek a Paycheck Protection Loan
(DBN)

Greensill Capital files for insolvency, administrators appointed Greensill Files for UK Insolvency After Losing Insurance for Debt Repackaging Business SoftBank-Backed Greensill Capital Seeks UK Insolvency Protection UK unions to meet with Gupta's Liberty Steel after Greensill insolvency From farming to finance, Greensill's crusade sparked supply chain reaction Greensill, from sugar cane fields to international empire and finally insolvency Whyalla steels itself as financier files for insolvency GFG Set for Crunch Talks With Unions as Pressure Mounts on Gupta Lender Fails, Fears Rise for 5,000 UK Workers
(DBN)

Most Small Biz Owners PPP Loans Not Forgiven
(DBN)

____________

Tech:

Trump plans ‘tectonic plate shift’ return to social media despite being blocked by almost every site
(DBN)

____________

Autos:

Tesla loses a third of its value for the third time in a year Tesla loses more than quarter of a trillion in a month as rally fizzles
(DBN)

____________

Recycling:

CarbonLite files for Chapter 11 bankruptcy Recycler files for Chapter 11 bankruptcy protection
(DBN)

____________

Coal:

Coal Company Blackjewel Ordered to Clean Up Kentucky Mine Site
(DBN)

____________

Investment Services:

Medley Management commenced voluntary case under chapter 11
(DBN)

____________

Telecoms:

GTT Communications slips on report on formal talks on bankruptcy plan
(DBN)

____________

 


New Bankruptcy Opinions
(6 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (21 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (18 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)

______________

Prepacks:

Usain “Belk” — The Fastest Prepack Alive?
(DBN)

____________

Bankruptcy Reform:

ABI Sends Letter to Senate Judiciary Leadership Supporting the Bipartisan "COVID-19 Bankruptcy Relief Extension Act" Letter to Congress in Support of Extending Deadline of Bankruptcy Provisions in CARES ACT
(DBN)

New Legislation May Extend Bankruptcy Relief Provisions of CARES Act
(DBN)

____________

Jurisdiction:

The Consent Trap
(DBN)

____________

Exemptions:

It’s Time to (Carefully) Secure that Guaranty
(DBN)

____________

Bankruptcy Rules:

BK CD CA: New local bankruptcy rules re small business chapter 11
(DBN)

____________

Aviation:

American Airlines unveils $7.5 billion debt sale to repay government loans American Air Borrowing $7.5 Billion in Loyalty-Backed Debt
(DBN)

American Airlines: Issues Run Deeper Than Bankruptcy Risk
(DBN)

Budget carrier Frontier Airlines files for an IPO again
(DBN)

At Dubai airport, travelers' eyes become their passports
(DBN)

Analysis: Leasing deal push evokes past glories to shape aviation's future
(DBN)

Air India Employees Cannot Acquire Air India Now; Tata Group All Set To Acquire Air India, Very Soon
(DBN)

Cape Town Convention: Malaysian Court Rules That Airasia X Restructuring Scheme Is an ‘Insolvency Related Event’
(DBN)

Norwegian Air says Boeing dispute to be decided in U.S. court
(DBN)

____________

Theme Parks:

Disney shares pop on promise of California Disneyland reopening
(DBN)

____________

Utilities:

The deep freeze windfall for Wall Street giants could prove to be elusive
(DBN)

Even Texans with fixed electricity plans may face high energy costs due to this fee
(DBN)

Second Texas utility commissioner exits amid power outage fallout
(DBN)

There’s Only One Power Regulator Left in Texas After Crisis
(DBN)

Texas city-run and rural electric firms face bailout over storm crisis
(DBN)

Despite Losing Power for Days, Texans Will Pay Higher Power Bills—Perhaps for Decades to Come
(DBN)

Deregulation Aimed to Lower Home-Power Bills. For Many, It Didn’t.
(WSJ)

Deregulation Aimed to Lower Home-Power Bills. For Many, It Didn’t.
(DBN)

Texas power, utility ratings are falling in wake of deep freeze
(DBN)

Cost of Winter Storm to Texans Now $130 Billion
(DBN)

TX: Bills to Fix Power Likely Fairly Useless
(DBN)

____________

Movie Theaters:

As the domestic box office inches toward recovery, studios move up major titles
(DBN)

____________

Mass Torts:

Insurers, Abuse Victims Blast Boy Scouts Reorganization Plan
(DBN)

____________

UK:

In All but Name – the Impact of A 'HARD Brexit' On UK-EU Cross-Border Restructurings
(DBN)

Virgin Active braces for fight over plan to 'cram down' landlords
(DBN)

Schemes and Plans so far in 2021
(DBN)

The palace hasn't responded to Meghan and Harry's interview, but the rest of the world has Harry and Meghan's Oprah interview may have a lasting impact on Britain's royal family Meghan Markle says there were "concerns" over color of Archie's skin in royal family Hurtful and upsetting - some Britons empathize with Meghan over racism Calls to #AbolishTheMonarchy went viral after Prince Harry and Meghan Markle's Oprah interview Joe Biden praises the Duchess of Sussex's 'courage' during her Oprah Winfrey interview The 20 biggest bombshells Prince Harry and Meghan Markle dropped in their Oprah interview Meghan Markle says she was told she couldn't get help despite having suicidal thoughts, but royals have seen therapists before Harry reveals he’s living on Diana’s inheritance: ‘I have what my mum left me’ Harry says Prince Charles stopped taking his calls before he stepped back as a senior royal Prince Harry on Prince Charles: 'I feel really let down by my father' Meghan Markle says she had no idea she had to curtsy to Queen in private and didn’t Google Harry Explosive Harry, Meghan interview reverberates across globe Piers Morgan: Meghan and Harry's nauseating two-hour Oprah whine-athon was a disgraceful diatribe of cynical race-baiting propaganda Boris Johnson backs queen but steers clear of royal racism storm Palace’s reaction in focus after Harry and Meghan’s bombshell interview
(DBN)

Tax rises to pay for 60% of UK deficit reduction, OBR says
(DBN)

Bank of England's Bailey: COVID scarring won't be as bad as past crises
(DBN)

Children who receive false positive Covid tests at school to be banned from class for 10 days
(DBN)

Most Britons think you should be barred from the pub if you can't prove you've had a vaccine When will pubs and restaurants reopen after lockdown?
(DBN)

UK must prepare for 'hard winter' with threat of Covid and flu surge, health expert warns
(DBN)

____________

EU:

Restructuring Plans in European Cross-border Restructurings – One Gate Closes but Another One Opens
(DBN)

ECB fails to raise emergency bond buys, blames redemptions
(DBN)

____________

PIIGS:

Telecom Italia eyes up to 1,300 redundancies in Italy this year - sources
(DBN)

____________

Canada:

Briones: Many Ottawa businesses face bankruptcy due to COVID
(DBN)

____________

Japan:

Harvard professor ignites uproar for saying WWII 'comfort women' were willing sex slaves
(DBN)

____________

MENA:

UAE Bankruptcy Law Update – Emergency Financial Crisis
(DBN)

‘Everyone is freaking out’: Saudi Arabia’s ultimatum rattles big business
(DBN)

____________

France:

Girl who sparked online hate campaign ending in French teacher’s beheading 'never attended class’
(DBN)

____________

India:

NCLT can rule only on insolvency of corporate debtors, says Supreme Court
(DBN)

NCLAT’s Imagination – Laudable or Unpalatable?
(DBN)

The Committee of Creditors and Its Commercial Wisdom
(DBN)

Farm shadow over bankruptcy reform
(DBN)

____________

Hong Kong:

Hong Kong’s UA Cinemas lowers curtain for final time amid ‘devastating pressure’ of coronavirus pandemic; chain had operated in city since 1985
(DBN)

____________

Brazil:

Bankruptcy law reforms in Brazil introduce new DIP financing provisions
(DBN)

____________

Vietnam:

Businesses want more help from the government
(DBN)

____________


The Daily Bankruptcy News is primarily a curated news link gathering service.   Most of the headlines contained in the publication are a collection of links to stories posted on the Internet by various third party publications.  Such content is owned by third party sources, not The Daily Bankruptcy News, and in some cases, these links change or expire, which means you may not be able to view some news stories in prior editions of the Daily Bankruptcy News. The DBN subptption fee is not a fee for access to the content of the links, but is a charge for the considerable work involved in gathering, organizing and presenting the links. Use of this site and The Daily Bankruptcy News is subject to our Terms of Use. If you received The Daily Bankruptcy News via email (and you have a paid subscription account), to view a news story, click on the headline, and the story should open in your web browser. To view additional stories, click back to the email and click on additional headlines, which will cause new stories to open in your web browser.  You can view the most recent edition of The Daily Bankruptcy News on the web at BKInformation.com.

Advertising
Advertising is available in The Daily Bankruptcy News. Click here for details  Feel free to contact us with any questions.

Passwords/Subscriptions
Access to certain links in The Daily Bankruptcy News is available only to readers holding a paid service subscription. These links are currently marked with a "DBN" notation. The cost of a subscription is $66.50/year, payable annually.  Volume discounts are available for sites with multiple users. Click here to see a schedule of discounts. Complimentary subscriptions are available for full-time educational and governmental employees and for full time students. For information about discounts or educational/governmental subscriptions, contact us by clicking here. A separate password is required for each member of a firm wishing access to restricted links.

New readers can receive a free password good for 30 days by clicking here. 30-day passwords are not available to readers who have previously had a password, even if the password was associated with a different email address used by the reader. Refunds are not available after purchase.

Readers who wish to change their passwords should click here. Readers who have forgotten their password should click here.

Adding Your Email Address To The Distribution List
If you would like to start receiving The Daily Bankruptcy News by email each day, click here, and fill in the information requested. There is no charge to be placed on the distribution list to receive the headlines, although access to many of the links behind the headlines requires a paid subscription (see above, under Passwords). If, after adding your email address to the distribution list, you do not receive an email confirming the addition, please contact us by clicking here for help.

Removing Your Email Address From The Distribution List
If you already receive The Daily Bankruptcy News by email and you wish to remove your email address from the distribution list, click here and send the email that should appear. You do not need to type anything in the body of the email message. Note that the email asking for removal must be sent from the same email address which is on our distribution list. If you do not receive an email confirming deletion of your email address from the distribution list, contact us by clicking here for help.

If receive the publication forwarded from an older email address, you will need to contact us as described below for help removing that older address from our distribution list.

Press Releases/News Tips
Please send press releases and news tips to admin@bkinformation.com

Contact Us
The Daily Bankruptcy News is published each business day by BKINFORMATION.COM, L.L.C. You can phone or text us at 281-402-3957. You can email us at accounting@bkinformation.com (email inquiries are usually answered substantially more quickly than phone inquiries). Our mailing address is 935 Eldridge Road, No. 350, Sugar Land, Texas 77478.

Copyright 2021