May 20, 2021

The Daily Bankruptcy News

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Law:

Goodwin Procter's 'Flexible' Reopening Plan: A Three-Day Workweek With 'Hoteling' Of Office Space
(DBN)

Big Law Has Never Looked More Like This Fully Remote Firm
(DBN)

The Crazy Impressive Profits Per Partner At Wachtell
(DBN)

Wait, How Many Hours Did This Biglaw Attorney Bill?
(DBN)

Rocket Lawyer Seeks Non-Lawyer Firm Ownership Test in Arizona
(DBN)

Associates Split on Generational Lines Over Office Returns • New CDC Guidelines May Change Return-to-Office Policies at Law Firms
(DBN)

State chief justice says world needs ‘healthy dose of civility,’ seeks comment on lawyer oath change
(DBN)

Big Law Expenses Are Poised to Rise. But Some May Be Forever Changed
(DBN)

Lawyers, Colleagues Can’t Ignore Impairment, Ethics Opinion Says
(DBN)

New AI-powered legal writing tool aims to help lawyers craft winning briefs
(DBN)

Florida Coastal’s teach-out plan rejected again; another school demonstrates compliance on bar pass rates
(DBN)

Yes, You Still Need To Check Your Zoom Name Before Logging In
(DBN)

Manage Client Expectations, Even If It Makes You A Buzzkill
(DBN)

White House Revives Access-to-Justice Effort Dormant Under Trump
(DBN)

Nunes Family Sues For Defamation, Shocked To Find That Discovery Comes Before KA-CHING
(DBN)

Trump Org. Criminal Probe—What We Know About Parallel Investigations Into Finances • When New York's Attorney General Grilled Eric Trump, Her Trump Organization Probe Was Civil. Now, It's Criminal. What Changed? • Trump lashes out at prosecutors over criminal probe into company • The New York Attorney General's Office Is Coming For Trump • Can Trump Outmaneuver New York’s Criminal Probes? • Seven questions about New York's investigations of Trump • Trump Faces ‘Show of Strength’ in Rare N.Y. Prosecutor Team-Up
(DBN)

Reports: Trump Organization CFO under criminal tax investigation
(DBN)

Michael Cohen mocks Trump with image of former president behind bars • Michael Cohen said he believes Trump will 'flip on all of them,' including his children, in the New York investigation into his company • Michael Cohen Makes Bold Prediction: Trump Will Face Charges 'Shortly'
(DBN)

Michigan Judge Flatly Rejects 'Last of the Lawsuits Attempting to Undermine Democracy' in Big Loss for Trump Fans Who Believed an Audit Would Show Fraud
(DBN)

New York Woman Seen Wearing 'Stars-and-Stripes Pants' on Jan. 6 Busted by Google Location Data, Feds Say • 'Irredeemably Insulting': Indicted Proud Boy Asks Judge to 'Sever' Case from Co-Defendants Because of Their Lawyer's 'Highly Inappropriate and Prejudicial Statements' • Accused Capitol Rioter Under House Arrest After Using Illegal Firearm to Kill Mountain Lion • QAnon Shaman’s Lawyer Called Capitol Siege Suspects Brain-Damaged ‘F***ing Short-Bus People.’ He Claims That’s Part of a Strategy • 'QAnon Shaman' attorney refuses to apologize for 'short-bus people' comments • Attorney for 'QAnon Shaman' questions mental abilities of his client, others in Jan. 6 riot • FBI: Capitol rioters hit cops with metal knuckles, baton
(DBN)

A divided House votes to create a commission to investigate the Jan. 6 Capitol riot. • 35 Republicans vote in favor of Jan. 6 commission • Rep. Tim Ryan ripped into Republicans from the House floor for voting against Jan. 6 commission, saying they don't live in reality • GOP Spurns Jan. 6 Riot Probe as Trump Looms Over 2022 Election • The Jan. 6 commission's Senate graveyard • Jan. 6 commission expected to get support from moderate House Republicans, despite McCarthy's opposition • McConnell Opposition Casts Doubt on Independent Jan. 6 Probe • How the Storming of the Capitol Became a ‘Normal Tourist Visit’ • Pelosi says "we will find the truth" as more GOP oppose commission • ‘Unconscionable’: Capitol Police Officers Hammer Republican Leaders for Blocking Riot Commission in Scathing Letter
(DBN)

A law professor became a police officer — and learned what’s really broken about policing
(DBN)

‘More police doesn’t prevent crime’: Mayor of America’s most murderous city vows to shut notorious prison and defund the police
(DBN)

‘I’m scared’: AP obtains video of deadly arrest of Black man
(DBN)

Lawyer Hopes To Convert 15 Minutes Of Wingnut Fame Into Senate Seat
(DBN)

Amazon's Ring Is Basically a Giant Civilian Surveillance Network
(DBN)

TX Governor signs into law one of nation's strictest abortion measures • Texas governor signs law banning abortions early as 6 weeks • What banning abortion at 6 weeks really means
(DBN)

What is the potential impact of the abortion case before the Supreme Court?
(DBN)

Abortion rights groups warn of imminent crackdown if Roe v. Wade overturned
(DBN)

Lawmakers are targeting the courts that could shoot down voter suppression laws
(DBN)

Kansas prosecutor says no to a rape charge, so a college student calls her own grand jury
(DBN)

Student’s arrest for racist post sparks free speech debate
(DBN)

Police Video of Ronald Green's Killing
(DBN)

Pa. Man with a Grudge Waited Until Couple Returned from a Motorcycle Ride and Shot Them in the Head with AR-15: Police
(DBN)

Federal Judge Rejects Florida’s Efforts to Stop Biden Administration’s Immigration Directives • U.S. Says Red States Can’t Micromanage Biden Immigration Policy
(DBN)

Police Investigate Possible Jewish Hate Crime Attack At Beverly Grove Restaurant
(DBN)

Microsoft’s ‘toxic culture’ flowed from the top after Bill Gates ‘picked out women to fulfill himself’, ex-employee says
(DBN)

Idaho teacher says she disarmed, hugged sixth grader who opened fire at school
(DBN)

______________

Judges:

Biden's Supreme Court Commission holds first meeting amid growing calls to expand the court • Biden's Supreme Court Commission Sets Contours of Its Research • Biden’s commission on court reform kicks off
(DBN)

Stephen Breyer is delusional about the Supreme Court
(DBN)

Amy Coney Barrett Made Money Off Anti-Abortion Group Going After Roe v. Wade
(DBN)

'He thought he couldn't be touched': Inside the scores of complaints against one Ala. judge
(DBN)

Outgoing immigration judge says he encountered ‘soul-crushing bureaucracy’
(DBN)

Supreme Court Delights Conservatives With Action on Wish List
(DBN)

______________

Wall Street:

The Dow is set to fall for a fourth day with futures down 100 points
(DBN)

Dow falls 160 points, ends wild session way off lows
(DBN)

______________

Layoffs:

Hiring troubles prompt some employers to eye automation and machines
(DBN)

TuSimple says its self-driving trucks shaved 10 hours off a 24-hour run
(DBN)

______________

Education:

Students protest mandatory Covid vaccinations at colleges
(DBN)

____________

Fraud:

How to Actually Prosecute the Financial Crimes of the Very Rich
(DBN)

Eight Young Men Bilked $2 Million in COVID-19 Benefits—and Flaunted Cash on Social Media, Feds Say
(DBN)

____________

Corporate Governance:

Businesses under more pressure to save society
(DBN)

____________

Retailing:

Under Armour Becomes Latest Retailer to Boost Hourly Wage to $15
(DBN)

Study: 75 Pct Of Shoppers Will Keep Digital Habits After Pandemic
(DBN)

Suit Claims Owners Drove Brooks Brothers to Bankruptcy to Avoid Paying Investor
(DBN)

____________

Sports:

Inter Milan Said to Near $336 Million Bailout Deal With Oaktree
(DBN)

____________

Transit:

NYC Subway’s Recovery Put at Risk by Crime Even as City Rebounds
(DBN)

____________

Fitness:

NYC’s Boutique Gyms Face Operational Crunch in Reopening Studios
(DBN)

____________

Hedge Funds:

Post-Archegos Hedge Fund Financing Faces Close Scrutiny by BOE
(DBN)

____________

Climate:

"Zombie fires" detected in Alaska and Canada, set to increase as climate warms
(DBN)

Inside Google's "moonshot goal" to rely on carbon-free energy by 2030
(DBN)

Large Methane Cloud Detected Over Prolific Canadian Gas Basin
(DBN)

____________

Hotels:

Queen Mary in danger of capsizing
(DBN)

____________

Mail:

Group of U.S. senators backs $46 billion in relief for Postal Service
(DBN)

____________

Steel:

Steel industry groups urge Biden to keep tariffs in place after EU truce
(DBN)

____________

Politics:

Republicans rebel against mask requirement in House chamber
(DBN)

‘Madman … racist, sexist pig’: new book details Obama’s real thoughts on Trump
(DBN)

Trump’s New Legal Nightmare Is All Part of the Plan, According to QAnon
(DBN)

Arizona election auditors found the voting data that Trump claimed had been destroyed as part of a plot to deprive him of victory
(DBN)

Arizona vote recount spurs similar calls nationwide
(DBN)

Oregon counties vote to secede to Idaho
(DBN)

Chicago mayor sparks backlash after limiting media interviews to people of color
(DBN)

____________


Economy:

The Fed hinted it could reconsider easy policies if economy continues rapid improvement • Traders are now worried that the Fed isn’t being proactive enough • Some Fed Officials Favored Taper Talk At 'Upcoming Meetings' • FOMC Minutes: Concern about "supply chain bottlenecks and input shortages" • Ahead of jobs miss, some Fed officials edged towards 'taper' debate
(DBN)

Central bank taper timelines start to come into focus
(DBN)

Fed's Bullard: Expectations of 1 million jobs a month "hyped up," half a million more realistic
(DBN)

Why Inflationary Fears May Not Outlast the Pandemic
(DBN)

This company wants to hire 35,000 people. But finding workers won't be easy
(DBN)


As GOP-run states slash jobless aid, the Biden Administration finds it has few options
(DBN)

Worsening job inequality in America
(DBN)

Lawler: Is the “Owners’ Equivalent Rent” Index Set to Accelerate Sharply?
(DBN)

Consumer Spending ‘On Fast Forward’ as Covid Hibernation Ends
(DBN)

Pandemic Hit Less-Educated Workers the Hardest: Fed Report
(DBN)

Mortgage forbearance provided vital relief to small businesses, low-income households -NY Fed study
(DBN)

GOP to Democrats: If you raise taxes now, we'll cut them back when we win power
(DBN)

Taxes would likely rise for the wealthy regardless of Biden’s plans
(DBN)

Biden’s Tax Math for $4 Trillion Runs Into Congress Scorekeepers
(DBN)

Democrats Mull Weakening Biden Tax on Capital Gains for Estates
(DBN)

‘City in transition’: New York vies to turn page on pandemic
(DBN)

Employees are feeling burned over broken work-from-home promises and corporate culture 'BS' as employers try to bring them back to the office
(DBN)

Mastercard Maps Out Plans to Return U.S. Employees to Offices
(DBN)

Amazon says vaccinated workers can ditch masks starting next week
(DBN)

Men got higher pay than women 59% of the time for same U.S. tech jobs
(DBN)

Capito Sees More Than 50% Chance of Biden Infrastructure Deal
(DBN)

The Almighty Credit Score Isn’t as Reliable Post-Covid, Fed Says
(DBN)

Pandemic baby bust: Millennials' bad luck leads to fewer kids
(DBN)

Can monthly cash payments cut child poverty by nearly half?
(DBN)

G-7 To Discuss Ways To Recognize Vaccine Certificates Globally
(DBN)

The chief diversity officer hiring frenzy
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

The Housing Market Has a Bottleneck That’s Even Bigger Than Lumber
(DBN)

Homebuyers are applying for ever bigger mortgages as home prices soar
(DBN)

MBA: Mortgage Applications Increase in Latest Weekly Survey • U.S. mortgage applications tick up, purchase applications at 3-month low - MBA
(DBN)

Home prices rapidly climbing toward $375,000
(DBN)

Investors are buying up single-family homes across the US
(DBN)

Lawler: Early Read on Existing Home Sales in April
(DBN)

What happened when a Black homeowner concealed her race during an appraisal?
(DBN)

AIA: Architecture "Design activity strongly increases" in April
(DBN)

The Five Largest CMBS Loan Losses from April 2021
(DBN)

Providence Place mall owner seeks mortgage relief after COVID struggle
(DBN)

Trump Touts Debt Deal on Office Tower He Owns With Vornado
(DBN)

How to ease out of mortgage forbearance, avoid foreclosure
(DBN)

____________

Municipalities:

Flint water crisis victims will receive $641 million. Just don’t call it ‘justice’
(DBN)

Fiscal Justice Rating Firm Will Judge Cities’ Inequity Risks
(DBN)

____________

Oil/Gas:

The IEA May Have Given OPEC A Huge Gift
(DBN)

Porter blasts oil CEOs: 'Declined to answer to the American people'
(DBN)

BP Starts Offshore Wind Recruitment Push as Green Ambitions Grow
(DBN)

____________

Crypto:

Bitcoin, ethereum plunge; crypto market cap losses nearly $1 trillion
(DBN)

Bitcoin whipsaws investors with same-day plunge, rally of 30%
(DBN)

Bitcoin's star backers, dip buyers help cryptos recover
(DBN)

Crypto Meltdown Turbocharged by Mix of Leverage and Liquidations
(DBN)

Crypto 'recipe for disaster' keeps Bitcoin, Ether under pressure
(DBN)

The crypto market has lost 47% of its value in just 7 days
(DBN)

Crypto’s Nouveau Riche Lament Sudden Losses as Bitcoin Tumbles
(DBN)

Crypto Complex Left Reeling as Bitcoin’s VIX Blasts Past 110
(DBN)

Crypto Craze Waited for Everyone to Get In Before Coming Undone
(DBN)

Coinbase Plunges With Other Crypto Stocks Amid Bitcoin Rout
(DBN)

ECB’s Guindos Says Crypto Assets Aren’t a ‘Real Investment’
(DBN)

Coinbase IPO Turns Out to Have Been Bad Day to Splurge on Crypto
(DBN)

Bitcoin dump may have been coordinated sell off to bankrupt one person
(DBN)

____________

Tourism:

As Restrictions Loosen, Families Travel Far and Spend Big
(DBN)

____________

Celebs:

Amid Erika Jayne’s Legal Troubles, Flaunting Her Wealth on ‘Real Housewives’ May Be a Risky Move
(DBN)

____________

Tech:

Facebook Removed 18 Million Misleading Posts on Covid-19
(DBN)

____________

Agribusiness:

Banks Fight $4 Billion Debt Relief Plan for Black Farmers
(DBN)

____________

Student Debt:

Student debt forgiveness would impact nearly every aspect of people’s lives
(DBN)

BK ND FL Launches New "Student Loans" Webpage
(DBN)

DeVos required to testify in student loan forgiveness lawsuit, judge rules
(DBN)

____________

Telecoms:

Frontier lied about internet speed, FTC says in post-net neutrality case
(DBN)

The prison phone kickback game
(DBN)

____________

Mass Torts:

Whistleblower: Firm partly owned by lawyer paid employees to recruit, puff up sexual abuse claims against Boy Scouts
(DBN)

Judge suggests warning label as part of $2 billion plan to limit Roundup claims
(DBN)

____________

Utilities:

Texas legislators weigh partial and total bans on Griddy-type energy plans
(DBN)

Tarrant County residents sue ERCOT, Oncor over Texas winter storm deaths
(DBN)

California readies to prevent blackouts, but threats remain
(DBN)

____________

Healthcare:

Nevada is on the verge of passing a public option
(DBN)

Fauci says people are "misinterpreting" the new CDC mask guidance • Fauci Attempts to Clarify New Guidelines: CDC 'Did Not Explicitly Say Unvaccinated Should Abandon Masks'
(DBN)

Fauci says Covid infections are decreasing in all 50 states
(DBN)

Two-thirds of California adults are at least partially vaccinated against COVID-19

New coronavirus cases fall by 20%
(DBN)

60% of U.S. adults have received at least one jab, case counts fall further
(DBN)

A company that ruined vaccine doses gave its top executives hundreds of thousands of dollars in bonuses.
(DBN)

CDC awaiting Covid vaccine data on pregnant women and kids under 12
(DBN)

My Patients Will Not Be the Same. None of Us Will.
(DBN)

Families Live in Fear as Long-Haul Covid Afflicts More Children
(DBN)

The South could still become a summertime Covid-19 hot spot
(DBN)

U.S. Autoworkers Will Continue to Wear Masks on Job
(DBN)

Dogs Sniffing Covid From Sweat Fare Almost as Well as PCR Tests
(DBN)

Restrictions reimposed as virus resurges in much of Asia
(DBN)

Medicare for 60-year-olds not guaranteed to be a better deal
(DBN)

Vaccine Holdouts in Africa Reject World’s Route to Recovery
(DBN)

___________

 
New Bankruptcy Opinions
(4 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (15 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (1 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)

______________

Tax:

Recent Tax Court Case: Unassessed Taxes are Not Discharged in Bankruptcy
(DBN)

____________

Bankruptcy Policy:

Taking Stock of Chapter 11
(DBN)

____________

Trustees:

BK MD PA Seeks Ch. 7 Trustee
(DBN)

____________

Small Business:

A Guide to The Small Business Reorganization Act of 2019
(DBN)

____________

Litigation Funding:

Litigation funding can maximize recoveries for federal equity receivers
(DBN)

____________

Tax:

Taxation Issues in Chapter 13
(DBN)

____________

Chapter 12:

Choice of Chapter and Required Filings in Chapter 12
(DBN)

____________

Chapter 13:

Recent Developments in Chapter 13 Related Case Law
(DBN)

____________

Miscellaneous:

Updated: Guide To Financial Support Measures Across Europe And The Middle East
(DBN)

UPDATED Global Insolvency Report: Impact of Covid-19 on Insolvency Laws
(DBN)

____________

Aviation:

Loss of staff and aircraft to prevent quick aviation rebound -IATA head
(DBN)

JetBlue set for transatlantic debut to London in August
(DBN)

U.S. airlines scramble to find call center staff as travel returns
(DBN)

United, American carry out repairs on Boeing 737 MAX planes
(DBN)

Singapore Airlines Posts Record $3.2 Billion Annual Loss, to Issue Convertible Bonds
(DBN)

Ryanair Scores First Wins in EU Challenges to Rivals’ Covid Aid
(DBN)

Irish aviation to shrink 30% after 'repressive' lockdown - IATA
(DBN)

Holidays abroad: EU says yes – UK says no as travel chaos deepens
(DBN)

Malaysia's AirAsia X posts record quarterly loss, eighth in a row
(DBN)

EasyJet Readies 90% of Fleet Despite Summer Doubts
(DBN)

Singapore Air, Qantas’ Diverging Fortunes Show Covid Disparities
(DBN)

Qantas Sees Path to Recovery With Forecast of Profit, Debt Peak
(DBN)

____________

Autos:

Hertz insiders dreaming of NYSE revenge: sources
(DBN)

Tesla’s Slump Wipes $300 Billion Off Market Value Since January
(DBN)

Ford to halt production of F-150, Bronco Sport and other vehicles due to chip shortage
(DBN)

____________

Banking:

Federal Judge Rules $1.8 Million Restitution Must Be Paid by Former CU CEO
(DBN)

____________

Movie Theaters:

‘It’s Magic What We Do.’ Movie Theaters Get Starry-Eyed Once More.
(DBN)

____________

Tech:

Chip Crisis in ‘Danger Zone’ as Wait Times Reach New Record
(DBN)

____________

Coal:

Will the dying coal industry leave its mess for others to clean up?
(DBN)

____________

Sovereigns:

China Backs Redistributing IMF Resources to Poor African Nations
(DBN)

Debt relief & the Paris Club historical perspective | Overview of debt in Africa
(DBN)

Colombia Cut to Junk by S&P After Failed Bid to Raise Taxes
(DBN)

____________

UK:

U.K.’s Johnson More Confident Vaccines Work Against Variants
(DBN)

Irish Imports from Great Britain Drop Again Amid Brexit Fallout
(DBN)

U.K. House Prices Register Fastest Annual Growth Since 2007
(DBN)

Skyscrapers rising next to vacant towers mark new city of London
(DBN)

Small businesses bounce back but concerns remain for Covid having a long economic tail
(DBN)

U.K. City Apartments Back in Demand After Departures in Pandemic
(DBN)

____________

EU:

EU agrees to ease travel restrictions on non-EU tourists
(DBN)

Europe Heads for Jobs Crunch That May Be Deeper Than the U.S.’s
(DBN)

____________

Canada:

Canadian consumer prices climb at fastest pace in a decade
(DBN)

____________

India:

“Clean Slate Theory” under the Insolvency & Bankruptcy Code: An Analysis
(DBN)

Cascade of Rare Complications Deepen India’s Covid Misery
(DBN)

____________

MENA:

Creditor Group to Counter Dubai Real Estate Fund's Sukuk Offer -Sources
(DBN)

Biden tells Netanyahu that he expects ‘a significant de-escalation today.’ • Biden's warning to Israel shakes up diplomacy, politics • U.S. backing on Gaza won't last much longer, Blinken tells Israeli counterpart • Biden Told Netanyahu He Wants Immediate Gaza ‘De-Escalation’ • Biden irks Israel by weighing in on violence between Jews and Arabs • Netanyahu: Israel 'determined to continue' fight against Hamas • Benjamin Netanyahu says Israel has not ruled out conquering Gaza • Biden and Netanyahu face rough early test of relationship • Russia Warns Israel It Won't Tolerate More Civilian Casualties in Conflict • Hamas willing to agree to ceasefire with Israel on 2 conditions, senior official says • Hamas lays down its terms as calls for a ceasefire get louder • Israeli military video shows scope of airstrikes against Hamas tunnels • Gaza faces food and medicine shortages without ceasefire: UN official • Fears of "third intifada" as Gaza violence spills over to West Bank • 2014 Gaza war looms large for U.S. officials handling current crisis • Riots break out at Jerusalem's holy sites
(DBN)

____________

Ireland:

Minister Troy welcomes publication of further information on Small Company Administrative Rescue Process
(DBN)

____________

Russia:

Dead Russian’s $122 Million Riviera Chateau Eludes Creditors
(DBN)

____________

Germany:

Lithuania Defends Oversight as Germany Points Finger on Wirecard
(DBN)

Germany vows to crack down on antisemitism at Israel protests
(DBN)

____________

South Africa:

South Africa Data Suggest Marginal First-Quarter GDP Growth
(DBN)

____________

Brazil:

Former Brazilian tycoon Eike Batista’s mining company declared bankrupt
(DBN)

____________

Hong Kong:

Mutual Recognition Of Insolvency In Hong Kong And Mainland China – First Steps
(DBN)

Hong Kong Jobless Rate Drops for Second Month on Better Economy
(DBN)

____________

Taiwan:

Taiwan Stocks Fall as Officials Extend Island-Wide Soft Lockdown
(DBN)

____________

Sweden:

Swedish House Prices Soar at Their Fastest Pace Ever
(DBN)

____________

Thailand:

Thailand to Prioritize Vaccines for Workers to Revive Economy
(DBN)


____________


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