May 21, 2021

The Daily Bankruptcy News

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Law:

Biglaw Firm Announces Special Bonuses, But Takes A Different Approach Than The Rest Of The Market
(DBN)

Top 10 Biglaw Firm's Flexible Reopening Plan, Complete With 2- Or 3-Day In-Office Workweek
(DBN)

Leopard Solutions Data Shows Skyrocketing Demand for Lawyers and Highest Number of Open Legal Jobs in Years
(DBN)

The Secret To Going In-House
(DBN)

In-House Lawyers Feel Burn of Big Workloads, Blurred Boundaries
(DBN)

Permanent Remote Associate Positions For Biglaw Would Ease The Pain Of Returning To The Office
(DBN)

This Biglaw Firm Isn't Making Much Cash Off Each Attorney
(DBN)

Following 2018 Trenk Tie-Up, Group of McManimon Bankruptcy Lawyers Head to New Platforms
(DBN)

'Punish the trainee who seduced my husband!' demands furious wife of K&L Gates lawyer
(DBN)

Microsoft Boosts Efforts to Build a Diverse Legal Pipeline
(DBN)

LegalMatch Hit With Fines, Dismissal in California Bar Feud
(DBN)

Law student investigated for saying men are stronger than women
(DBN)

More Bad News For Troubled Law School
(DBN)

20% of Linklaters' London secretaries take voluntary layoff
(DBN)

Quinn Emanuel Wins Attorneys’ Fees in Client Billing Dispute
(DBN)

'Not a positive development': What the new criminal probe could mean for the Trump Org. New York AG criminally investigating Trump Organization CFO Weisselberg Trump says 'corrupt' New York criminal investigation is 'in desperate search of a crime' Ex-Trump Organization exec thinks CFO Allen Weisselberg has already flipped on the president because he is facing TWO criminal tax probes and 'wants to protect his children' The Country Is on the Cusp of a New Era
(DBN)

Pardon-probe ruling roils legal teams for Trump ally Broidy, associate
(DBN)

Feds Seized 18 Electronic Devices From Rudy Giuliani and His Employees, Unsealed Letter Reveals
(DBN)

House narrowly approves $1.9B Capitol security bill after 'squad' drama Ron Johnson: Jan. 6 Capitol riot was a largely 'peaceful protest' Man charged in Capitol riot after allegedly showing video from mob at dentist's office ‘Thank you for the question’: Kevin McCarthy refuses to say whether any GOP lawmakers were in contact with Trump rioters
(DBN)

Alabama woman in racial justice protest convicted on federal anti-riot charge
(DBN)

Footage shows troopers stunning, hitting, and dragging a Black man before his death. Police initially claimed he died in a car crash.
(DBN)

Appeals court hears case of 3 ex-cops charged in Floyd death
(DBN)

Durst’s defense says dismemberment helps prove innocence
(DBN)

In amazing feat of strength, sheriff's deputy lifts car to free woman pinned underneath
(DBN)

ICE to close 2 troubled detention centers in Georgia and Massachusetts Two ICE Facilities Dogged by Claims of 'Nightmarish' Abuses Will No Longer Be Used by Biden Administration
(DBN)

Lawyers find the parents of 54 more migrant children from families separated under Trump
(DBN)

Mariska Hargitay responds to girl who used tip from 'SVU' to fight off kidnapper 'Hero' 11-Year-Old Girl Speaks Out After Fighting Off Brazen Attempted Kidnapper Who Was 'Caught Blue-Handed'
(DBN)

Massive Northern California explosion caught on video caused by three kids playing with fire, officials say
(DBN)

In a Small Town, a Battle for Racial Justice Confronts a Bloody Past and an Uncertain Future Dubious Arrests, Death Threats and Confederate Loyalists: Welcome to Graham, N.C.
(DBN)

2 former Colorado officers charged in arrest that injured woman with dementia
(DBN)

Neo-Nazi Group The Base Is Recruiting Again, Despite FBI Takedown
(DBN)

Government Seizes Dozens of Big Cats and a Jaguar from Tiger King's Jeff Lowe and Lauren Lowe
(DBN)

Ohio mother allegedly faked daughter's terminal illness to obtain funding for trips and housing
(DBN)

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Judges:

Justice Thomas remembers ‘rapid’ RBG
(DBN)

Senate panel advances Biden's first group of judicial nominees
(DBN)

Biden Court Reform Commission Meets, Supreme Court Raises With 'LOL, We're Banning Abortions'
(DBN)

Senate Panel Advances Jackson’s Nomination to D.C. Circuit
(DBN)

An alarmist take on the Supreme Court’s agenda
(DBN)

What Supreme Court’s jettisoning of precedent may mean for future
(DBN)

Ethics case accuses judge of making racist and sexist remarks, mouthing N-word, criticizing overweight people
(DBN)

Miami judge who skipped work, used staff for personal errands resigns from the bench
(DBN)

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Wall Street:

Stocks are set to rise for a second day with Dow futures up 100 points
(DBN)

Dow ends up nearly 200 points, stocks snap 3-day skid on brighter economic data
(DBN)

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Student Debt:

Federal Judge Rules That ‘Extraordinary Circumstances’ Require Betsy DeVos to Testify in Student Loan Forgiveness Lawsuit
(DBN)

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Hotels:

Hotels: Occupancy Rate Down 16% Compared to Same Week in 2019
(DBN)

Hotel REIT Hits Ch. 11 In Del. For $1.3B Debt Rework
(DBN)

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Retailing:

Half of Americans have seen their favorite local store shut down because of pandemic
(DBN)

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Crypto:

Bitcoin bounces above $42,000 as cryptocurrencies stage a comeback from brutal sell-off
(DBN)

Dogecoin jumps after Elon Musk tweet fans more wild cryptocurrency trading
(DBN)

Washington is rushing to regulate crypto. It’s a mess U.S. Treasury calls for stricter cryptocurrency compliance with IRS, says they pose tax evasion risk
(DBN)

'He has to take his lumps': Behind a Rhode Island real estate deal involving 160,000 dogecoins
(DBN)

Major Forces Behind Bitcoin’s Worst Losses Since 2013
(DBN)

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Economy:

Jobless claims drop more than expected for a new pandemic low Weekly Initial Unemployment Claims decrease to 444,000 US jobless claims fall again as some states end federal aid
(DBN)

Only about one in 28 unemployed people actually turned down jobs to stay on expanded unemployment, Fed study says
(DBN)

Nervous workers struggle to adjust to new mask policies
(DBN)

High inflation? A generation of investors has never felt it
(DBN)

No let-up for inflation that is haunting emerging markets
(DBN)

Number of 401(k) millionaires hits record one year after Covid, Fidelity says
(DBN)

Treasury estimates tax gap of $600B in 2019
(DBN)

Poll: Majority say it's important to pass infrastructure bill with bipartisan support
(DBN)

The US is reportedly proposing a 15% global minimum tax rate on corporations Germany welcomes U.S. call for a 15% global minimum tax rate
(DBN)

Pandemic population change across metro America: Accelerated migration, less immigration, fewer births and more deaths
(DBN)

Does Working Remotely Hurt Your Career?
(DBN)

OECD GDP growth slows to 0.3% in the first quarter of 2021
(DBN)

The U.S. differs from most other countries in how it sets its minimum wage
(DBN)

A growing number of companies are facing investor backlash against fat C-suite pay packages
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Black Knight: National Mortgage Delinquency Rate Decreased in April
(DBN)

Quarterly Starts by Purpose and Design
(DBN)

Real-Estate Frenzy Overwhelms Small-Town America: ‘I Came Home Crying’
(WSJ)

In Phoenix, Million-Dollar Homes Can’t Sell Fast Enough
(WSJ)

Phoenix Real Estate in April: Sales Up 37% YoY, Active Inventory Down 67% YoY
(DBN)

Fannie alters 2021 forecast due to housing market shortage
(DBN)

Malls redeveloped as mixed-use snare higher rents across all sectors
(DBN)

6 reasons why lumber prices are soaring in record-setting fashion - and why demand won't die down anytime soon, according to 2 experts
(DBN)

Home prices will keep soaring through 2023 as construction will fail to meet demand, study says
(DBN)

Can Simon Property Group Keep Its Earnings Up By Buying Its Tenants?
(DBN)

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Municipalities:

Illinois Supreme Court rejects taxpayer challenge to GO bonds
(DBN)

Puerto Rico board plans include debt service in FY2022
(DBN)

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Oil/Gas:

Elk Petroleum Ch. 11 Trustee Sues Execs For 'Gross' Failures
(DBN)

End of Yukos saga may be in sight – ultimate attempts to set aside $57 billion awards are likely to fail
(DBN)

Is The IEA Report A Tipping Point For Oil Investing?
(DBN)

BP CEO sees IEA's net-zero-by-2050 report as aligned with company's strategy
(DBN)

Ford already has 20,000 reservations for new electric F-150 Lightning pickup
(DBN)

Daimler Truck says batteries, hydrogen are the future
(DBN)

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Agribusiness:

Bankruptcy auction set for Paso Robles winery and estate residence
(DBN)

LDS church company to bid on Easterday properties
(DBN)

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Bankruptcy Crimes:

Jackson man charged in bankruptcy fraud scheme
(DBN)

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Celebs:

A complete timeline of 'Real Housewives' star Erika Jayne's divorce and legal troubles
(DBN)

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Healthcare:

Health care in America 'is completely out of whack' as millions face medical debt collections
(DBN)

U.S. reports fewer than 30,000 Covid cases for five straight days
(DBN)

Rapid school reopenings may have led to thousands of COVID cases, hundreds of deaths in Texas
(DBN)

COVID fight could return 'to square one': experts sound vaccines alarm
(DBN)

When do I still need to wear a mask?
(DBN)

Iowa governor banning mask mandates
(DBN)

Fauci: If 70% of Americans get vaccinated, U.S. can avoid a fall surge
(DBN)

Pelosi, McCarthy feud over mask rules on the House floor
(DBN)

US to extend restrictions on travel across Canada, Mexico borders
(DBN)

How Long Do Vaccine Protections Last? Science Can’t Say for Sure
(DBN)

Latinos want COVID vaccines but can't take time off
(DBN)

New York offers $5 million lottery shot to newly vaccinated people
(DBN)

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New Bankruptcy Opinions
(10 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Adversary Proceeding Filings (7 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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Subchapter V:

Subchapter V Eligibility: Engaged In “Activities,” Not “Operations” (In re Offer Space)
(DBN)

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Tax:

Biden proposes doubling IRS workforce as part of plan to snag tax cheats Biden's IRS Crackdown Plan Targets Rich Hiding Half Of Income
(DBN)

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Non-Profits:

Wayne LaPierre, NRA head, assures members organization remains 'strong and secure' following bankruptcy petition
(DBN)

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Aviation:

Dutch freighter carrier dream dies as Aerotranscargo NL goes bankrupt
(DBN)

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Education:

Colleges in 15 states won't require the Covid vaccination. Is yours one of them?
(DBN)

What We Learned From the School Reopening Debate
(DBN)

Texas Won't Teach Slavery, Racism in Schools
(DBN)

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Utilities:

As PG&E Fire Victim Trust Racks Up $51 Million In Fees, Survivors Wait For Help
(DBN)

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Distressed Investing:

Certares and Knighthead Close Inaugural $1.5 Billion Fund Focused on Distressed Travel, Tourism and Hospitality Assets
(DBN)

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Climate:

White House launches sweeping climate risk initiative Biden issues order to guard US from climate-related financial risks
(DBN)

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Politics:

Michelle Obama's Secret Service agent says she couldn't do anything about racist slurs
(DBN)

New name emerges in Gaetz investigation
(DBN)

Trump, even in exile, is the Republican Party’s cash cow
(DBN)

Arkansas Has the Second Lowest Voter Turnout in the United States. Rights Groups Just Sued Over Bills That Further Restrict the Ballot.
(DBN)

Feds Expand Cuomo Probe, Will Look at Whether He Gave Family ‘Priority’ Access to Covid Testing Chris Cuomo took part in strategy calls advising his brother, the New York governor, on how to respond to sexual harassment allegations
(DBN)

Rep. Louie Gohmert said his SAT score would 'shock people that think I'm the dumbest guy in Congress'
(DBN)

The Congressman Who Chased Covid Profits
(DBN)

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UK:

UK launches consultation on amendments to insurer insolvency arrangements
(DBN)

Regis – Another Loss For UK Landlords In Their Battle Against CVAs
(DBN)

New Draft UK Legislation- Ability to Disqualify Directors of Dissolved Companies
(DBN)

UK regulator takes adviser to court over defrauding creditors
(DBN)

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Canada:

Bankrupt company obtains protection under the CCAA
(DBN)

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EU:

EU officially approves entry for vaccinated travelers
(DBN)

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MENA:

Distressed M&A in the Middle Market – Where We’ve Been and What’s Ahead
(DBN)

Israel unleashes strikes as expectations for truce rise Israel and Hamas approve ceasefire in Gaza Netanyahu thanked 'my friend' Joe Biden for his support during Israel's offensive in Gaza, and threatened to attack again if Hamas did Israel, Hamas Both See Victories as Fighting Follows Gaza Ceasefire Deal Israel launches more airstrikes after Biden calls for de-escalation How did Hamas grow its arsenal to strike Israel? Biden’s pattern with Israel: public support, private scolds Gaza’s health system buckling under repeated wars, blockade WHO calls for humanitarian pause in Israel-Hamas conflict
(DBN)

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India:

Supreme Court upholds IBC provisions on personal insolvency
(DBN)

Supreme Court's order on defaulter tycoons plugs an important bankruptcy loophole
(DBN)

SC dismisses pleas against lenders invoking insolvency proceedings against promoter guarantors
(DBN)

Oyo seeks $600 million loan amid virus surge
(DBN)

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Argentina:

Argentina resumes strict pandemic lockdown after case surge
(DBN)

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China:

Huarong Bond Losses Spread Onshore, Risking Downward Spiral
(DBN)

China Has Bought 37% of Next Year’s Corn Imports Just From U.S.
(DBN)

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