May 12, 2021

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Biglaw Firms Are Hiring Remote Associates In This Post-Pandemic World
(DBN)

Revenue Is Going Bonkers At These Biglaw Firms
(DBN)

Greenberg Traurig Adds Bankruptcy Partner In Salt Lake City
(DBN)

The Scourge Of Constant Monitoring Is (Partially) Gone At Latham
(DBN)

My Last Words On Kennedy and Volokh’s Use Of Racial Slurs In The Law School Classroom
(DBN)

Why This, Why Now? Lessons For In-House Counsel
(DBN)

How Lawyers Can Stop Being Risk Averse In Their Careers
(DBN)

February California Bar Exam Pass Rate Rises 10 Percentage Points; It Would Have Hit All-Time Low Of 23.7% Without Change In Cut Score
(DBN)

Thompson & Knight finance leader jumps to Baker Botts ahead of merger
(DBN)

Linklaters elects first female senior partner in its history
(DBN)

Reed Smith expects all US offices to be fully reopened in September
(DBN)

Ropes & Gray set to ditch 5-day in-office week for UK associates
(DBN)

UK: Revealed: Law firms’ average work from home start and finish times 2020-21
(DBN)

Defunct Kenyon & Kenyon loses $9 million battle with former IP client
(DBN)

U.S. News Law School Rankings . . . By Elevation??
(DBN)

Lawyer who told judge he had no knowledge of suit filed under his name gets no prison time for lie
(DBN)

California Bar ‘Sandbox’ May Rattle Legal Competition for Firms
(DBN)

‘Cold-Blooded Fraudster’: Founder of ‘Students for Trump’ Gets Time Behind Bars for Posing as Lawyer, Scamming ‘Clients’
(DBN)

Lin Wood Fails To Boot Judge In His Suit Against The Georgia Bar
(DBN)

House, Justice Department report deal on McGahn testimony
(DBN)

A Tiger Is Still Missing After Being Seen with Murder Defendant in Confrontation with Off-Duty Deputy in Texas Man arrested after tiger shown in a yard of his Houston home
(DBN)

In Exclusive Jailhouse Letter, Capitol Riot Defendant Explains Motives, Remains Boastful Two of Officer Brian Sicknick’s Accused Assailants Must Stay in Jail Pending Trial in Spray Case Rioters Accused of Attacking Cop With Spray Will Remain In Jail Feds Catch Capitol Siege Suspect After College Classmate Sees Him in a New York Post Tweet Capitol Police turned attention from ’200’ Proud Boys gathered on Jan. 6, lawmaker says
(DBN)

Federal Judge Dismisses Twitter Lawsuit That Accused Texas Attorney General of Illegally Retaliating Over Trump Ban
(DBN)

Pentagon chief during Jan. 6 riot defends military response
(DBN)

'They Just Launched a War’
(DBN)

Police officer convicted of murder still gets paid
(DBN)

Federal Court: Saying the N-Word to Two Black People Does Not Qualify as 'Fighting Words' Fourth Circuit Overturns Conviction Of Retired Air Force Colonel For Using Racial Slur
(DBN)

More On The Use Of The 'N-Word' In Law School
(DBN)

Prosecutor to seek death penalty, hate crime charges in Atlanta-area spa shootings
(DBN)

Three Men Charged in Georgia with Murdering Ahmaud Arbery Plead Not Guilty to Federal Hate Crime Charges
(DBN)

Indicted Parkland school superintendent gets $740K severance
(DBN)

Mother of Teen Who Hanged Himself Sues Snapchat, Third-Party Apps for Allowing Users to Anonymously Harass and Bully Her Son
(DBN)

Feds Seeking Cooperation of Matt Gaetz’s Former Girlfriend in Sex Trafficking Probe
(DBN)

Ransomware gang threatens release of DC police records Hackers release personal info of 22 D.C. police officers
(DBN)

Key facts about Americans and guns
(DBN)

Jealous Boyfriend Killed Six People After He Was Not Invited to Colorado Springs Birthday Party: Police
(DBN)

If not removed, rock with Confederate flag should be factored into custody dispute, appeals court says
(DBN)

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Judges:

Adding justices would improve Supreme Court's work
(DBN)

Chemerinsky op-ed calls on Justice Breyer to retire now
(DBN)

Bye-Bye, Breyer, It's Time To Retire
(DBN)

Judge accused of assaulting cursing defendant wishes recording of incident had audio
(DBN)

Kozinski Porn, Harassment Suit Should Be Revived, Attorney Says
(DBN)

Some Poor Guy Logged into a Court’s Zoom Call with A--- Sex-Themed Screenname
(DBN)

'You All Are Useless Government Bureaucrats': Prosecutors Are Whispering About This Judge
(DBN)

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Wall Street:

Dow futures slip more than 50 points, after its worst day since February
(DBN)

Dow tumbles as surging prices rattle the market Inflation woes hobble U.S. stocks, dollar cling to lows Nasdaq ends wild day flat after Big Tech reversal, Dow drops 470 points for worst day since February
(DBN)

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Layoffs:

Aramark lays off 139 employees after losing SCS contract
(DBN)

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Pharma:

With $2,300 Phone Calls, Purdue Runs Up Huge Bankruptcy Tab
(DBN)

US states oppose ‘unjust’ plan to shield Sackler wealth in opioid settlement
(DBN)

Pelosi drug price plan threatened by centrist defections
(DBN)

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Maritime:

Ever Given insurers say Egypt's $600 million claim is still too much, as authorities continue to impound the ship
(DBN)

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Live Performances:

Cue the lights: Broadway is back Sept. 14 with 'Hamilton,' 'The Lion King' and more
(DBN)

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Religions:

10 key findings about Jewish Americans New poll: Young U.S. Jews becoming more Orthodox as American Judaism splits between devout and secular
(DBN)

Vatican warns U.S. Catholic leaders over proposal to deny Biden Communion
(DBN)

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Gambling:

Gambling Away in Margaritaville: Roaring ’20s Lift Local Casinos
(DBN)

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Finance:

A Financial Firm’s Collapse Reverberates as Its Founder Answers Questions
(DBN)

I'm truly sorry, says Australian banker Greensill over firm collapse
(DBN)

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Food/Beverage:

SBA: 16,000 Restaurant Revitalization Fund Awards in First Week of Program
(DBN)

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Healthcare:

In poor countries, no richer but living longer?
(DBN)

Average daily U.S. Covid cases fall below 40,000 for the first time since September
(DBN)

America's mask makers face post-pandemic meltdown
(DBN)

CDC director grilled over mask guidance in heated Capitol Hill hearing
(DBN)

White House, state officials scramble to get docs’ help with lagging vaccination effort
(DBN)

Fauci predicts 'dramatic difference' in pandemic outlook if more are vaccinated
(DBN)

Doctors Watch Warily as Severe Covid Infections Target Kids
(DBN)

Study: Over 99% of hospitalized COVID-19 patients were not vaccinated
(DBN)

Britain open to talks over vaccine waivers with U.S, others at WTO
(DBN)

'I Have No More Tears': A Latin American Pandemic Tragedy
(DBN)

Medicare requires nursing homes to report COVID vaccinations
(DBN)

Biden reaches agreements with Uber and Lyft to give free rides to vaccine sites
(DBN)

‘You Are Entirely and Completely Incorrect’: Watch Fauci’s Epic Throwdown With Rand Paul on Wuhan Lab Covid Theory
(DBN)

New Outbreaks Prompt Return to Restrictions in Taiwan, Singapore
(DBN)

Major Overhaul of WHO Needed After Failures, Says Covid Panel
(DBN)

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Economy:

BLS: Job Openings Increased to Record 8.1 Million in March Job openings leaped above 8 million in March, a new record high US job openings soar to highest level on record
(DBN)

Senate Democrats skeptical of extending $300 unemployment benefit
(DBN)

Lockdown mentality still holding the economy back, banking official says
(DBN)

All eyes are on this inflation number, which could have the biggest gain in nearly a decade
(DBN)

Goldman’s Hatzius Says U.S. Inflation Rise Will Be Temporary
(DBN)

Krugman: Who’s Afraid of the Big Bad Boom?
(DBN)

As the U.S. economy restarts from the pandemic, parts of it are severely broken
(DBN)

Employees grapple with re-entry anxiety as jobs call them back
(DBN)

Stanley Druckenmiller says the Fed is endangering the dollar’s global reserve status
(DBN)

A record 44% of small businesses struggled to hire workers in April, and more than a third raised prices, study finds
(DBN)

Shortage bottlenecks are showing up in the lack of hiring, JPMorgan says
(DBN)

Factbox: Global Big Banks Plot Back-To-Office Plans as Vaccines Roll Out
(DBN)

JPMorgan to bring all staff back to office in England - memo JPMorgan Bankers Fly by the Dozens as Wall Street Norms Resume
(DBN)

COVID-19 Unemployment Rates and Assistance Benefits by State
(DBN)

Iowa governor to end federal pandemic unemployment aid
(DBN)

Tennessee governor orders end to federal COVID unemployment benefits
(DBN)

Worst-paying blue chip employers bolstered CEO pay in pandemic, report says
(DBN)

Small Business Optimism Increased in April
(DBN)

Krugman: Republicans Are Still Waging War on Workers
(DBN)

Biden's sweeping - and fluid - tax plans are making some congressional Democrats nervous
(DBN)

Gallup: U.S. Support for Vaccination Proof Varies by Activity
(DBN)

Orange County could leap into yellow tier, with widest reopenings, as soon as next week
(DBN)

The White House will allow undocumented college students access to emergency pandemic aid.
(DBN)

Americans Up and Moved During the Pandemic. Here’s Where They Went.
(DBN)

Ransomware Attacks Expanding Across America
(DBN)

GOP weighs going bigger on infrastructure
(DBN)

OECD Calls For Increased Inheritance, Estate And Gift Taxes To Curb Inequality And Raise Revenue
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

U.S. home prices surge the most on record in buying frenzy
(DBN)

We’ve got rising home prices but no housing crash in sight
(DBN)

Leading Index for Commercial Real Estate Increased in April
(DBN)

Mortgages for second homes skyrocket 178%
(DBN)

Americans Expect Home Prices to Rise; Divided on Buying Now
(DBN)

Why Lumber Remains King in American Homes Despite a 300% Surge
(DBN)

NYC Mayoral Candidates Whiff on Brooklyn Housing Price Question
(DBN)

Housing Supply: A Growing Deficit
(DBN)

____________

Municipalities:

Puerto Rico Fiscal Board Submits $10.1 Billion General Fund Budget to Legislature
(DBN)

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Oil/Gas:

Chesapeake Energy posts profit after bankruptcy exit, declares dividend
(DBN)

Fuel shortages reported in Southeast, gas prices climb amid pipeline shutdown RaceTrac Warns Fuel Is Running Short After Colonial Pipe Hack Gas Stations Run Dry as Pipeline Hacking Will Take Days to Fix Spot gasoline shortages could get worse if Colonial pipeline not back soon Like the toilet paper shortage, panic buying gas worsens impact of Colonial Pipeline hack Florida governor declares state of emergency over gasoline supply Several states declare emergency over Colonial Pipeline shutdown
(DBN)

Colonial Pipeline hack forces American Airlines to add stops on long-haul routes for gas to refuel planes
(DBN)

Gas Flowing 5 MPH Will Take Two Weeks to Reach New York Once Pipeline Is Reopened
(DBN)

Biden Waives Some Gasoline Mandates to Address Fuel Shortage
(DBN)

‘A huge moment’: U.S. gives go-ahead for its first major offshore wind farm
(DBN)

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Education:

They moved for in-person school during the pandemic. Now they must decide: Stay or go?
(DBN)

Texas Covid Cases Rose on School Reopenings
(DBN)

Schools fight to keep students, fear of dropouts
(DBN)

Part of university president's commencement speech copied from Navy admiral's
(DBN)

____________

Retailing:

Paper Source to be acquired in Ch. 11 by owner of Barnes & Noble Elliott buys US chain Paper Source with Daunt to oversee company
(DBN)

Rejecting offers, L Brands to spin off Victoria's Secret
(DBN)

Mall owner Simon’s CEO sees shopper ‘euphoria’ as people return to stores
(DBN)

____________

Fraud:

A California man got $5 million in coronavirus aid for 'sham businesses,' feds say
(DBN)

Ex-UAW president sentenced to 21 months in prison in union corruption scheme
(DBN)

‘Parental Insanity’ Drove McGlashan to College Scam, Son Says
(DBN)

Court Won't Dismiss Timber Ponzi Scheme Receiver's Suit Against Law Firm
(DBN)

____________

Crypto:

John McAfee close to bankruptcy as he fights crypto fraud charges
(DBN)

____________

History:

Timeline: Key Events in U.S. History that Defined Generations
(DBN)

Anti-Vaxxers are Nothing New
(DBN)

____________

Politics:

Schumer, McConnell Face Off Over Elections Overhaul Bill Rare Schumer, McConnell showdown previews floor fight on Dems’ election bill
(DBN)

Over 100 in GOP May Create a New Party
(DBN)

Pence Advisor: GOP is Destroying Democracy
(DBN)

Former Arizona AG who quit the GOP said the people running the recount there 'lost and they can't get over it'
(DBN)

Some Mike Lindell fans reportedly stood in line for 7 hours to watch his rally at the Corn Palace - but when the event started, the venue was half empty
(DBN)

Grievance, rebellion and burnt bridges: Tracing Josh Hawley's path to the insurrection Romney Screamed at Hawley, You Caused This
(DBN)

QAnon resembles the games I design. But for believers, there is no winning.
(DBN)

'Disturbing and reckless': Retired brass spread election lie in attack on Biden, Democrats
(DBN)

Liz Cheney won’t be speaker but she could be president Cheney prepares for martyrdom A defiant Cheney tears into Trump, GOP: 'We must speak the truth' Liz Cheney vows behind the scenes that she won’t stop fighting Trump’s ‘Big Lie’ Liz Cheney Down, but Not Out in Wyoming ‘Let’s move on‘: Congress’ other pro-impeachment Republicans stay quiet Swing-voter focus group: Ousting Cheney is a mistake
(DBN)

A GOP Civil War? Don’t Bet On It.
(DBN)

Trump's blog isn't lighting up the internet
(DBN)

Arizona 'auditors' demand access to routers and passwords. County sheriff tells them to get bent
(DBN)

Arizona Makes It Easier to Purge Voters
(DBN)

Already Harder to Vote in 11 States
(DBN)

Texit Supporters Want Vote to Leaving the Union
(DBN)

Jenner says she didn't vote in 2020. But records show she did.
(DBN)

Trump family members got ‘inappropriately close’ to Secret Service agents, book claims
(DBN)

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New Bankruptcy Opinions
(5 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (9 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (12 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)

Distressed M&A Investing: Exercising Acquisition Opportunities In and Out of Chapter 11 Bankruptcy
(DBN)

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Bankruptcy Statistics:

Largest & Notable U.S. Bankruptcies in April 2021
(DBN)

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Cross-Border:

Does Section 546(e) Bar Foreign Law Avoidance Actions in Chapter 15?
(DBN)

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Ch. 13:

An Elusive Finality: The Illusive Standard for the Modification of Confirmed Chapter 13 Plans
(DBN)

A Troublesome Prospect: Section 1322(b)(2) and a New Generation of Mixed-Use Developments
(DBN)

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Setoff:

Third Circuit Confirms Triangular Setoffs Unenforceable in Bankruptcy
(DBN)

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Bankruptcy Research:

Reorganization without Bankruptcy: Untying the Gordian Knot That Destroys Firm Value
(DBN)

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CFIUS:

Bankruptcy Can Trigger CFIUS Review
(DBN)

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Mediation:

Judge Rosen: On Mediation In City Of Detroit Bankruptcy (Part II, The Concept & The Human Element)
(DBN)

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Bankruptcy Crimes:

Hedge Fund Manager Who Said ‘I’m Going To Jail’ Is In Fact Going To Jail
(DBN)

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Non-Profits:

Judge Dismisses the NRA's Bankruptcy Petition, Calls Wayne LaPierre's Conduct 'Nothing Less Than Shocking' NRA Bankruptcy Petition Dismissed NRA’s Bankruptcy Filing Tossed, Putting Gun Group in Peril In Rebuke to N.R.A., Federal Judge Dismisses Bankruptcy Case Judge dismisses NRA's bankruptcy petition, allowing New York AG lawsuit to move forward Judge denies NRA attempt to declare bankruptcy in win for New York state attorney general Judge dismisses NRA bankruptcy case in blow to gun group Texas judge blocks NRA from declaring bankruptcy U.S. judge tosses NRA bankruptcy bid, letting New York seek dissolution Judge Rejects NRA Bankruptcy Bid; Twitter Users Offer ‘Thoughts And Prayers’
(DBN)

‘Staggering’ Legal Fees in Boy Scouts Bankruptcy Case
(DBN)

____________

Aviation:

Airlines see sustained cargo boost supporting recovery
(DBN)

Wealthy millennials are set to drive the post-pandemic travel boom, survey finds
(DBN)

Even more iconic planes are disappearing from the skies earlier than planned as the coronavirus continues to wreak airline havoc
(DBN)

Major airline CEOs call for summit to speed UK-U.S. travel
(DBN)

Boeing 737 MAX deliveries shrink to four planes in April due to electrical issue
(DBN)

Virgin Galactic plummets 21% after 1st-quarter earnings reveal uncertain flight schedule
(DBN)

British Airways Owner IAG Boosts Liquidity With 825 Million Euro Convertible Bond
(DBN)

Taiwan's China Airlines says pilot quarantines to hit freight operations
(DBN)

Thai Airways debt restructuring vote pushed back to next week
(DBN)

PAL cites 'restructuring' amid bankruptcy protection reports
(DBN)

____________

Banking:

Caribbean Banks Ask To Leave Ch. 11 Behind
(DBN)

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Autos:

Japan Prosecutors Say Ghosn Said Nissan Pay Plan Was Not Set
(DBN)

____________

Climate:

Global temperatures are cooler in 2021 than other recent years
(DBN)

‘Transition Washing’ Is the Newest Sustainability Dodge
(DBN)

____________

Sovereigns:

Creditors can’t give Zambia debt relief because of financial mismanagement – Musokotwane
(DBN)

Small island states need more financial support
(DBN)

____________

UK:

No “New Look” in the latest landlord challenge to a tenant CVA
(DBN)

Former UK PM Cameron had extensive contact with senior ministers over Greensill David Cameron Told Sunak Excluding Greensill Would Be ‘Nuts’ Lex Greensill on ex-UK PM Cameron: I wouldn't say we were friends Top U.K. Regulator Says It’s Investigating Greensill Capital
(DBN)

Boris Johnson Outlines Vision for British Revival After Pandemic
(DBN)

UK PM Johnson promises 'jobs, jobs, jobs' with post-pandemic plans
(DBN)

Spain to let Britons enter without PCR test, as vaccine passport ‘ready by Monday’
(DBN)

U.K.’s Johnson Signals Pandemic Inquiry to Start Within a Year
(DBN)

UK economy contracted by 1.5% in the first quarter amid lockdowns
(DBN)

____________

EU:

Factbox: the EU's Proposed COVID-19 Travel Certificate COVID certificate will be a signal for travel in EU, Germany says
(DBN)

EU Recovery Fund at Risk of Delay as Officials Clash in Romania
(DBN)

EU upgrades economic forecasts as vaccination campaign gathers pace
(DBN)

Central Europe's deadly pandemic blunders
(DBN)

____________

Belgium:

Eat Out, Work Out, See a Film: Belgium to Ease Lockdown
(DBN)

____________

MENA:

Hamas and Israel trade blows as Jerusalem unrest ignites Gaza Palestinians Fear Loss of Family Homes U.S. shares 'serious concerns' with Israel over planned East Jerusalem evictions Israel, Hamas escalate heavy fighting with no end in sight Israel Vows Harsher Attacks on Gaza as Sides Draw Nearer to War In photos: Dozens dead as Israel and Hamas intensify aerial bombardments 31 Dead at Netanyahu Vows More Attacks After Jerusalem erupts, deadly strikes and clashes spread across Israel and the Palestinian territories Israel to ramp up deadly assault on Gaza as rockets rain down 31 killed in airstrikes, rocket attacks as unrest spreads beyond Jerusalem More than 700 rockets fired at Israel since Monday Biden plans to send envoy as Israel and Hamas escalate toward war
(DBN)

Despair and Brawls at Lebanon’s Gas Pumps as Its Crisis Deepens
(DBN)

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India:

India's Brutal COVID Wave Brings Tragic Scenes to Small Town Hospital
(DBN)

India reports record COVID fatalities as death toll surges past 250,000
(DBN)

Bodies float down Ganges as nearly 4,000 more die of COVID-19 in India
(DBN)

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Germany:

Germany to open up as COVID-19 cases drop
(DBN)

____________

France:

Drained by COVID fight, some French ICU nurses strike for better pay
(DBN)

____________

Australia:

A theoretical dilemma: can a bankruptcy trustee release a voidable transaction claim against a company he controls?
(DBN)


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