May 18, 2021

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Elite Firm Hands Out Market-Busting Special Bonuses!
(DBN)

The Great Law Firm Reopening Tracker: Flexibility Is The Way Of The Future
(DBN)

What associates have to know about making a lateral move to a new market out of state
(DBN)

Law Revue Video Contest 2021: The Winner!
(DBN)

Supreme Court Declines Female Law Professor’s Pay Bias Suit
(DBN)

Here’s What The Second Gentleman Earned From DLA Piper Last Year
(DBN)

More Law Firms Welcome Crypto Payments. But Few Clients Are Taking Advantage
(DBN)

Why Corporate Clients Probably Don't Want You To Publicize Your Trial Victories
(DBN)

Biglaw Firm Reportedly Funneled Money To Spy On Suspected Enemies Of Donald Trump
(DBN)

The Sky-High Billable Hours Per Attorney At This Biglaw Firm
(DBN)

Avoid these 5 phrases that make you sound ‘passive aggressive and petty.’ How successful people communicate: Body language expert
(DBN)

Law school noncompliance with diversity standard should require public notice, ABA legal ed section says
(DBN)

Law School Operated 'Recklessly' According To Department Of Education
(DBN)

NCBE Opts For Bold 'Minorities Aren't Cut Out To Be Lawyers' Take
(DBN)

Working 55-hour week increases risk of death: UN Long working hours killing 745,000 people a year, study finds
(DBN)

Officer charged in death of Daunte Wright to appear in court Trial of ex-police officer who fatally shot Black motorist Daunte Wright may proceed, judge rules
(DBN)

Giuliani attorneys cite Trump communications as they challenge iCloud search Giuliani Attorneys Say Manhattan Judge Must Weigh Legality of Searches First Giuliani asks judge to block review of records seized in raid of home, office The Defense Of Rudy Giuliani: Stop Treating My Client Like 'The Head Of A Drug Cartel Or A Terrorist' Asking a Judge to Unseal Files, Rudy Giuliani's Lawyers Demand Explanation for 'Extremely Damaging' Claim That He Might Destroy Evidence
(DBN)

Trump 'not expected' to throw legal lifeline to Rudy Giuliani: report Trump Blows Off Rudy's Cries for Help
(DBN)

Preet Bharara Reads Tea Leaves, Sees Criminal Charges In Donald Trump's Future
(DBN)

The Trump Justice Department tried forcing Twitter to reveal the identity of a Devin Nunes parody account
(DBN)

'Proudest day of my life!': 43 Texans facing charges in connection with Capitol riot 'Got Tear Gassed But Okay!': Woman Charged with Entering U.S. Capitol Building Through Broken Window During Siege He was banned from having guns after his Capitol riot arrest. Then he shot a mountain lion, feds say Capitol Riot Suspect Defies Order on Guns
(DBN)

Biden Pledged To Fight White Supremacy. But One Of His Biggest Challenges May Be Rooting Out Extremists In Federal Law Enforcement.
(DBN)

GOP Not Sold on January 6th Commission
(DBN)

Trump, House Democrats close to deal on Deutsche Bank subpoenas
(DBN)

Palm Beach County prosecutor says Gov. Ron DeSantis can't stop Trump from getting extradited to New York if he's indicted
(DBN)

Supreme Court to Review Mississippi Abortion Law That May Let Conservative Justices ‘Take a Huge Bite Out of' Roe v. Wade Supreme Court to hear Mississippi abortion case challenging Roe v. Wade The Supreme Court just took a case that poses a major threat to Roe v. Wade ‘RIP Roe v. Wade’: Legal experts warn on SCOTUS decision to take up ‘biggest abortion case in more than a generation’ Supreme Court takes case that could diminish Roe v. Wade Court to weigh in on Mississippi abortion ban intended to challenge Roe v. Wade
(DBN)

White House: Biden committed to codifying Roe v. Wade regardless of Miss. case
(DBN)

Supreme Court declines to broaden police power in warrantless searches of homes SCOTUS rules against warrantless seizure of guns while man is in hospital for suicide evaluation
(DBN)

Harvard Urges High Court to Back 40 Years of Race in Admissions
(DBN)

Supreme Court declines to hear case centered on N-word in workplace
(DBN)

Durst trial to resume after long delay. Will jury be ready? Robert Durst Judge Denies Defense Attempt to Stall Trial over Cancer Diagnosis
(DBN)

Police: 2 arson suspects detained in Los Angeles wildfire SoCal wildfire challenges firefighters in area that hasn't burned in 75 years
(DBN)

Gaetz friend pleads guilty in sex case, agrees to cooperate with feds Gaetz associate pleads guilty Joel Greenberg Pleads Guilty to Sex Trafficking a Minor and Signs Plea Deal That May Be a ‘Blueprint for Charging Gaetz with Same Crime’
(DBN)

S.C. governor signs bill requiring death row inmates to choose firing squad or electric chair
(DBN)

Bill Gates crafted a public image as a likable, nerdy do-gooder. Office affairs, 'uncomfortable' workplace behavior, and Epstein ties reveal cracks in his facade Melinda Gates could be angling to change kids’ $10M inheritance in split Bill Gates' 'Thing' for Cheating w/ Employees
(DBN)

'Tiger King' seeking presidential pardon from Biden
(DBN)

Inside the Military's Secret Undercover Army
(DBN)

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Judges:

BK ND NY: Wendy A. Kinsella Selected to Serve as Bankruptcy Judge Harris Beach Practice Leader Named Bankruptcy Judge for Northern District of New York
(DBN)

BK NV: The Bankruptcy Bugle Newsletter (May 2021)
(DBN)

Colorado Judge Censured, Retires After Second DUI Arrest
(DBN)

Supreme Court Justices Hand Down Two Unanimous Decisions in One Day
(DBN)

Many liberals want Supreme Court Justice Stephen Breyer, 82, to retire. Here’s why he may not listen.
(DBN)

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Wall Street:

Dow futures rise almost 100 points after Wall Street begins week with modest losses
(DBN)

Global stocks rise after Fed officials suggest inflationary pressures will be temporary
(DBN)

Wall St ends lower, pulled down by tech stocks
(DBN)

The chief strategist at a $1.5 billion firm breaks down why stocks are staring down a period of weak returns in the months ahead as investors misjudge the recovery
(DBN)

______________

Layoffs:

U.S. Banks Could Shed 200,000 Jobs in Decade in Efficiency Drive
(DBN)

1,600 Layoffs Coming at Northern Illinois Jeep Cherokee Factory
(DBN)

Big Oil Laid Off Workers, Gave Execs Bonuses
(DBN)

Quits vs. layoffs in recessions and pandemics
(DBN)

______________

Sports:

The Olympics’ Covid-19 dilemma
(DBN)

New York City Marathon returning with smaller field
(DBN)

All hoops, no joy: NBA players describe a lonely and taxing regular season
(DBN)

Famed horse trainer Bob Baffert suspended by New York racing officials
(DBN)

____________

Celebs:

The 'Real Housewife' under real scrutiny: Erika Girardi and the hunt for the missing millions
(DBN)

____________

Student Debt:

Supreme Court Urged by Biden Administration to Pass Student Loan Bankruptcy Case
(DBN)

Student Loans: U.S. Supreme Court Can Overrule A Harsh Rule (McCoy v. U.S.)
(DBN)

____________

Banking:

The $900 Million Back Office Error
(DBN)

____________

Tourism:

Tourist sites offer vaccines to visitors
(DBN)

____________

Fraud:

Eastman Kodak says New York preparing insider-trading lawsuit
(DBN)

____________

Mass Torts:

Imerys Seeks Permission To Pursue Ch. 11 Acquisitions
(DBN)

____________

Politics:

Americans See Broad Responsibilities for Government; Little Change Since 2019
(DBN)

Liz Cheney hinted that Trump and Kevin McCarthy may have talked about setting their stories straight on the Capitol riot Liz Cheney says she won't vote for McCarthy for speaker if GOP wins House
(DBN)

The GOP Just Forced Another Trump Critic Out of Office
(DBN)

Toomey Says He Doubts Trump Will Remain GOP’s ‘De Facto’ Leader
(DBN)

'Through the looking glass': How conspiracy theories wreck lives
(DBN)

Trump Terrorized Pentagon in Final Days
(DBN)

‘Biden is not a good bad guy’: GOP rips up midterm playbook
(DBN)

Graham: 'I accept the results of the election'
(DBN)

Photo Emerges Of GOP Lawmaker Barricading Chamber Doors From MAGA ‘Tourists’ During Attack On US Capitol
(DBN)

‘Ominous’ Joel Greenberg plea deal includes 60 pages of evidence about the crimes of others: ex-prosecutor Gaetz Whistles Pasts Graveyard As Wingman Joel Greenberg Sings In Court
(DBN)

Manchin, Murkowski call for bipartisan Voting Rights Act reauthorization Manchin, Murkowski Unite in Call to Rewrite Voting Rights Act
(DBN)

Chinese businessman with links to Steve Bannon is driving force for a sprawling disinformation network, researchers say
(DBN)

Cuomo to Get $5 Million Payment From Pandemic Leadership Book
(DBN)

White House releases the Bidens’ tax return, showing their income dropped
(DBN)

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Economy:

Seven in 10 U.S. White-Collar Workers Still Working Remotely
(DBN)

Fed’s Bostic says there’s no reason to change policy despite inflation fears
(DBN)

Fed's Clarida: U.S. growth could hit 7% this year Fed's Clarida says not yet time to start taper talk
(DBN)

U.S. Adults Financially Worse Off in 2020, Checks Buffered Blows
(DBN)

This Is What Inflation Would Look Like Without Used Cars and Trucks
(DBN)

Key Inflation Gauge Overstating Prices, Harvard’s Cavallo Says
(DBN)

Why Debt-Ridden Millennials Should Be Cheering for Inflation
(DBN)

TX Gov to End $300 Federal Jobless Benefit
(DBN)

Rent's big comeback could be the thing that makes stronger inflation permanent
(DBN)

New York Factories Expand at Solid Pace, Price Gauges at Record
(DBN)

GOP-led states are cutting $300 weekly federal unemployment benefits. Here are the 19 states making the cut this summer.
(DBN)

How much have childcare challenges slowed the US jobs market recovery?
(DBN)

Hedge Fund Millennium to Try Three Office Days a Week This Fall
(DBN)

Seven High Frequency Indicators for the Economy
(DBN)

Charting the 20 Top Growing U.S. Careers Based on Real Salary Projections
(DBN)

A group of millionaires is organizing Tax Day protests - including one in front of Jeff Bezos' house - encouraging higher taxes on the rich
(DBN)

It’s time to embrace the “black box” economy
(DBN)

Child cash benefit will begin hitting millions of parents' bank accounts July 15
(DBN)

How Dems learned to stop worrying (mostly) and embrace tax hikes
(DBN)

This is the net worth Americans say you need to be financially comfortable
(DBN)

Permanently suspend the debt limit
(DBN)

U.S. Meets with Mexico, Canada on Trade as Labor Disputes Spread
(DBN)

New Jersey Residents Will Pay the Most in Taxes Over a Lifetime
(DBN)

Texas Reopening Barely Budged Economy, Virus Cases, Study Finds
(DBN)

U.S. companies are bearing the brunt of Trump’s China tariffs, says Moody’s
(DBN)

Lenders Struggle To Recoup Losses After US Corporate Debt Defaults
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

Homebuilder confidence is high, but rising costs of materials pose major risks
(DBN)

California April Housing: Sales up 65% YoY, Active Listings down 50% YoY
(DBN)

Real Estate Owned (REO) Inventory Declined in Q1, Down 58 Percent Year-over-Year
(DBN)

Distressed CRE Debt Doubles But Still Isn't The Tsunami Feared Last Year
(DBN)

Homebuilder confidence is high, but rising costs of materials present major risks U.S. Homebuilder Confidence Steady as Low Rates Buck High Costs
(DBN)

Housing Inventory May 17th Update: Slight Increase Week-to-Week
(DBN)

NAHB: Builder Confidence Unchanged at 83 in May
(DBN)

California Home Prices Shoot Past $800,000 for the First Time
(DBN)

Lumber prices decline for a 6th straight day even as supply bottlenecks persist
(DBN)

A Black homeowner had her white friend represent her during an appraisal. The value of her home shot up by $149,000.
(DBN)

Steven Mnuchin Sells His Park Avenue Co-Op After 21% Price Cut
(DBN)

64% of millennials have regrets about buying their current home—here’s why
(DBN)

San Francisco tech companies are sitting on record amounts of empty office space and offering perks to lure tenants
(DBN)

Torchlight buys $40M delinquent Fifth Avenue retail loan
(DBN)

____________

Municipalities:

NYC Among Worst Places For College Graduates To Find Work: Study
(DBN)

The Right-Wing Web Lobbying for Puerto Rican Statehood
(DBN)

The statehood push in Puerto Rico gets messy
(DBN)

____________

Oil/Gas:

IEA: World Must End All Fossil Fuel Investments Now
(DBN)

U.S. gas stations still shut, prices at 7-yr high in slow recovery from cyberattack
(DBN)

The U.S. travel rebound is leading jet fuel’s summer surge
(DBN)

Goldman Traders Caught in Mexico Stalemate Chasing $400 Million From Texas Freeze
(DBN)

____________

Autos:

Firm Led by Famed Investor Reveals Short Position on Tesla
(DBN)

A Tesla running on Autopilot smashed into a deputy's patrol vehicle in Washington state, police say, causing 'significant damage'
(DBN)

Elon Musk is no longer the world's 2nd-richest person after Tesla shares lost a quarter in value since January
(DBN)

____________

Transit:

NYC to Add More Transit Cops as Subways Resume 24-Hour Service
(DBN)

____________

Cannabis:

Pot Companies’ Hunt for New Markets Heats Up
(DBN)

____________

Crypto:

As cryptocurrency goes wild, fear grows about who might get hurt
(DBN)

The crypto market has lost 23% of its value in just the last 5 days
(DBN)

____________

Climate:

Supreme Court sides with oil companies in Baltimore case Supreme Court Gives Big Oil Another Shot to Move Baltimore Climate Change Suit to Different Court; Sotomayor Pens Lonely Dissent
(DBN)

A third of euro zone corporate loans exposed to climate hazards: ECB
(DBN)

____________

Retailing:

May retail market: Monthly sales flat, below expectations; 1 new bankruptcy
(DBN)

CDC mask update reboots challenge for retailers
(DBN)

Home Depot crushes estimates, its sales jump 32.7% as customers rang up bigger purchases
(DBN)

Del Vecchio family sued over Brooks Brothers bankruptcy
(DBN)

____________

Movie Theaters:

Will AMC Entertainment Go Bankrupt?
(DBN)

____________

Ride Hailing:

U.S. Supreme Court rejects Uber bid to avoid driver pay lawsuit
(DBN)

____________

Credit Reporting:

FCRA Claim Survives Dismissal Where Plaintiff Alleges Defendant Did Not Have a Permissible Purpose to Access Plaintiff’s Credit Report Based on Prior Discharge of Mortgage Debt in Bankruptcy
(DBN)

____________

Healthcare:

Biden to say U.S. will send 20 million Pfizer, Moderna or J&J vaccine doses abroad
(DBN)

Following new CDC mask guidelines, 13 states lifted mask mandates for vaccinated people, while New York and California kept restrictions. Here are the rules in different states California will wait until June 15 to align with CDC’s mask guidance for fully vaccinated Cuomo ends NY indoor mask mandate for vaccinated
(DBN)

NY to adopt new CDC mask guidance for fully vaccinated people, Gov. Cuomo says
(DBN)

Target ends mask requirement for fully vaccinated customers, joining Walmart, Starbucks and more
(DBN)

MGM Resorts to no longer require fully vaccinated guests to wear masks at Las Vegas properties
(DBN)

Mask mandate lifted for vaccinated people in national parks, federal buildings
(DBN)

The CDC's new mask rules just follow the science
(DBN)

Dr. Scott Gottlieb says ‘nobody is going to be wearing’ masks by June
(DBN)

U.S. Covid cases, deaths fall further amid easing of mask requirements
(DBN)

Texas records zero COVID-19 deaths for first day in over a year
(DBN)

The COVID-19 variant first identified in India has been found in the U.S.
(DBN)

WHO says pandemic is far from over despite high vaccination rates in some places
(DBN)

A hundred bucks or a chance at $1 million: What's the better vaccine incentive?
(DBN)

They’re Vaccinated and Keeping Their Masks On, Maybe Forever
(DBN)

Big vaccine makers reject offers to help produce more
(DBN)

____________

New Bankruptcy Opinions
(7 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (16 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (4 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:

Pandemic Drove Majority of U.S. Gaming, Leisure, Lodging and Restaurant Bankruptcies
(DBN)

______________

Bad Faith:

NRA Bankruptcy Case Dismissed for Cause Because It Was Not Filed in Good Faith
(DBN)

NRA Decision Illustrates Vitality of Good Faith Doctrine
(DBN)

____________

Professional Compensation:

Staggering Legal Fees In Boy Scouts Case
(DBN)

____________

Cross-Border:

The Crystal Anniversary: Chapter 15 Turns 15
(DBN)

____________

Private Equity:

Private equity firms risk losing key advantage in legal scrapes
(DBN)

____________

UST:

US Trustee Announcement of New Monthly Operating Reports
(DBN)

Fourth Circuit Rules Higher US Trustee Fees in Chapter 11 Are Constitutional
(DBN)

____________

Exemptions:

Three Arizona Democrats decide that Creditors and Debt Buyers are More Important than Homeowners
(DBN)

____________

Aviation:

Passenger who had to be handcuffed during a Seattle flight now faces a $52,500 fine
(DBN)

Maskless Man Allegedly Seen ‘Snorting a White Substance’ and Groping Female Passenger on Cross-Country Flight Arrested After Forcing Unscheduled Landing
(DBN)

Vaccination Helping Lufthansa's Eurowings to Fast Volume Growth
(DBN)

Boom Supersonic aims to fly 'anywhere in the world in four hours for $100'
(DBN)

No government bailout for Thai Airways
(DBN)

Thailand’s third wave complicates restructuring plans
(DBN)

Philippine Airlines: Filing for Chapter 11 bankruptcy?
(DBN)

____________

Non-Profits:

NRA Texas Relocation Rejected by Judge Who Dismisses Bankruptcy
(DBN)

Why I use the NRA as a case study for how nonprofits shouldn’t operate
(DBN)

Lutheran Social Services of North Dakota files bankruptcy to pay off creditors
(DBN)

Details on local council finances filed in Boy Scouts case
(DBN)

____________

Food/Beverage:

New Restaurant Relief Fund Threatens to Stiff Bankrupt Companies
(DBN)

____________

Tech:

Many Americans struggle with debt. Social media doesn’t help.
(DBN)

Bosch CEO: Chip Supply Could Remain Tight Until 2022
(DBN)

____________

Education:

Mass. High Schoolers Return to Full-Time, in-Person Learning
(DBN)

More parents pick home-schooling after pandemic
(DBN)

____________

Pharma:

Pharma executives mocked addicts as 'pillbillies' as they drowned West Virginia in opiates
(DBN)

Setting the Stage for Thousands of Opioid Lawsuits, Potentially Years of Litigation
(DBN)

____________

Prisons:

Geo Group Lenders Prep for Debt Talks With Prison Operator
(DBN)

____________

Sovereigns:

Sudan clears final hurdle for debt relief at Paris conference France Pledges $1.5 Billion to Sudan to Pay Off IMF Loan
(DBN)

IMF Calls for Major Reforms to Turn Zimbabwe’s Economy Around
(DBN)

____________

UK:

Nominee found in breach of duties in successful Regis’ CVA challenge and CVA revoked: a warning shot across the bows of accountancy firms
(DBN)

Permission to appeal granted on five grounds in New Look CVA challenges
(DBN)

High Street Insolvency – Court Decisions Favor Tenants in CVAs and Restructuring Plans
(DBN)

Monthly Insolvency Statistics
(DBN)

Virgin Active Restructuring Plan approved in a disappointing week for landlords
(DBN)

Half U.K. Firms Foresee Struggles With Debt, PwC Survey Finds
(DBN)

Firms call for more help after 'hemorrhaging cash'
(DBN)

COVID-19 restrictions ease, foreign travel restarts and the future of cinema
(DBN)

COVID-19: People working from home in UK more than doubled as pandemic struck - but at what cost?
(DBN)

Joy for UK pubs and hugs tempered by rise in virus variant More Than 2,300 People in U.K. Infected With India Covid Strain Covid variant from India could become dominant in the UK ‘in a matter of days’
(DBN)

Convoy drives through London shouting ‘f--- the Jews, rape their daughters’
(DBN)

Bankrupt Katie Price among first in UK to enjoy new travel freedoms as she jets off to Portugal
(DBN)

U.K. to Hire External Advisor to Find Post-Brexit Opportunities
(DBN)

____________

EU:

One in Eight EU Employees Worked From Home Last Year Where Europeans Get To Work From Home
(DBN)

Europe Wants Americans Back
(DBN)

____________

Canada:

Canada's home sales fall from record as COVID lockdowns bite
(DBN)

Canadian consumer sentiment hits record amid vaccine rollout
(DBN)

____________

MENA:

Saudi Arabia mulls scrapping prison sentences for debt defaulters
(DBN)

Israel-Gaza conflict rages on despite US, regional diplomacy Biden backs Gaza ceasefire for first time in call with Netanyahu' Biden Now Supports Middle East Ceasefire After a week of fighting, photos show destruction in Gaza, the world's largest 'open air prison' where Israeli airstrikes killed hundreds Nothing on the Table' to Bring Israel-Gaza Truce, Senior Israeli Official Says Associated Press slammed for claim it was unaware of Hamas in building Blinken hasn’t seen any evidence on AP Gaza building strike Israeli strikes hit Gaza tunnels as diplomats work for truce Calls mount for Gaza-Israel cease-fire, greater US efforts Blinken signals no immediate US press for Mideast cease-fire Israeli warplanes stage more heavy strikes across Gaza City EU vows to boost efforts to end Israeli-Palestinian fighting Divisions over Israel-Palestine leave EU powerless as conflict worsens ICC prosecutor warns against crimes in escalating Israel-Palestinian violence Top U.S. general warns of broader destabilization risk from Israel-Palestinian hostilities White House Defends ‘Quiet Diplomacy’ Over Israel-Gaza Crisis Israel destroys Gaza tunnels as Palestinian death toll eclipses 200
(DBN)

COVID and conflict: Gaza's hospitals strained on two fronts
(DBN)

____________

India:

Glimmer of hope seen in India, but virus crisis not over yet
(DBN)

____________

Italy:

Italy Shortens COVID Curfew, Eases Other Restrictions -Sources
(DBN)

____________

Czech Republic:

Thirsty Czechs Return to Beer Gardens as COVID Rules Relaxed
(DBN)

____________

Hong Kong:

The long-awaited development - Pilot Program for Mutual Recognition and Assistance to Insolvency Proceedings between the Courts of the Mainland and Hong Kong
(DBN)

____________

Ireland:

Limerick developer loses appeal relating to bankruptcy order
(DBN)

____________

Mexico:

Mexico City Could Sink Up to 65 Feet
(DBN)

____________

Malaysia:

Najib's son served bankruptcy notice over unpaid income tax
(DBN)

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