May 26, 2021

The Daily Bankruptcy News

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Law:

Focusing On ‘Empathy And Understanding,’ Sidley Eyes September Return To Office
(DBN)

How Much Do You Dread Returning To The Office?
(DBN)

Change In Vacation Policy Causes Consternation At Biglaw Firm
(DBN)

Potter Anderson Names L. Katherine Good Head of Bankruptcy Practice
(DBN)

King & Spalding Broadens Restructuring Bench in Chicago With Addition of Timothy Hoffmann
(DBN)

A Closer Look At The 2021 Am Law 200 Rankings
(DBN)

Partnership Really Is A Brass Ring At These Biglaw Firms
(DBN)

K&L Gates Expands Restructuring and Insolvency and Aviation Finance Practices with New Partner Hire in Hong Kong
(DBN)

Do Big Law Staff Have to Return to the Office? It Depends Perkins Coie Plans October Return, With Vaccines, Masks and Hybrid Work in Mind
(DBN)

Lawyers in Florida can’t get credit for ABA’s new CLE programs because of state ban on diversity quotas
(DBN)

Five Ways Summer Associates Can Wow Their Law Firms Summer Associates—Win the Season With Lawyering Skills
(DBN)

Disgruntled Former Client Sues Holland & Knight for $400 Million
(DBN)

Alan Dershowitz Secures Major Procedural Victory Against CNN in Defamation Lawsuit
(DBN)

Lawyer statements in press release aren’t protected by judicial proceedings privilege, top Texas court rules
(DBN)

Lawyer cites mother’s COVID-19 death after 6th Circuit blasts ‘striking legal emptiness’ of his brief
(DBN)

This Biglaw Firm Is Doing A Bang-Up Job Getting The Most Out Of Every Single Attorney
(DBN)

Law Firm Responds To Data Breach Claim By... Leaking Data. Checkmate!
(DBN)

Judge Grants Speedy Discovery In Kossoff PLLC Bankruptcy
(DBN)

Not Just A Party Girl: Kim Kardashian Already Knows More Than Most Attorneys
(DBN)

Under New Chair, Mayer Brown Prepares for Further Growth, Eyeing NY and Texas Mayer Brown Taps Structured Finance Partner As Next Firm Chair
(DBN)

But Could A Robot Do That?
(DBN)

Law Firm Deregulation Programs Gain Speed in Utah, Arizona
(DBN)

Trump claims 'absolute immunity' from Swalwell lawsuit over Jan. 6 riot Trump Tries to Dismiss Lawsuit Blaming Him for Inciting Jan. 6 Siege by Saying Maxine Waters Said Worse Things
(DBN)

Prosecutor in Trump criminal probe convenes grand jury to hear evidence, weigh potential charges Manhattan DA Convened Grand Jury Over Whether to Indict Former President Trump, Others: Report New grand jury seated for next stage of Trump investigation
(DBN)

Michael Cohen chases Trump fan through Central Park after she drops ‘barrage of F-bombs’ & flips middle fingers at him
(DBN)

Rudy Giuliani: 'Not Above The Law'
(DBN)

Failure to Redact Court Docs Reveals Prosecutors Who Are Investigating Giuliani Accessed Emails of Former Ukrainian Prosecutor Involved in Trump’s First Impeachment Feds Sure Have a Lot of Dirt on Crazy Rudy
(DBN)

Biden DOJ to appeal court order to release Trump obstruction memo Legal experts explain what could be behind DOJ's fight to keep William Barr documents secret DOJ Offers Apology to Judge in Dustup Over Barr Memo DOJ releases few pages of memo concluding evidence didn’t support Trump prosecution Garland Admits Barr Lied About The Mueller Report, But Insists On DOJ's Sacred Right To Cover It Up
(DBN)

Barr Is Said to Delay Legal Career Decision Until Book Is Done
(DBN)

Kristen Clarke Confirmed as First Black Woman to Head DOJ Civil Rights Division—with Support from Only One GOP Senator
(DBN)

Florida police arrest suspect in synagogue harassment case Second person arrested in assault of Jewish man near Times Square US sees startling rise in antisemitic attacks America's anti-Semitism crisis worsens White House sets second meeting with Jewish groups Young Jewish Americans rocked by new hate fueled by Israel-Palestinian conflict
(DBN)

Louisiana State Police say top cop at Ronald Greene scene initially failed to report body cam footage
(DBN)

Police do not support Texas ‘constitutional carry’ bill, Miami PD chief says
(DBN)

Police reform fight hinges on qualified immunity
(DBN)

George Floyd's family says Biden reaffirmed commitment to police reform
(DBN)

Biden to visit Tulsa for centennial of Tulsa Race Massacre 1921 Tulsa Massacre and Decades of Harm
(DBN)

Minneapolis police reform stalls as violence in the city surges On anniversary of George Floyd's death, Minneapolis reflects on how it's been forever changed
(DBN)

Justices reject chokehold case brought by retired police officer
(DBN)

George Floyd's family to meet with Pelosi on anniversary of murder George Floyd's brother on anniversary of murder: 'I think things have changed' ‘Turning mourning into dancing’: Festival to remember Floyd One Person Was Shot Near The Site Of George Floyd's Murder On The Anniversary Of His Death
(DBN)

Georgia county asks residents to stop calling 911 about cicadas
(DBN)

Nashville DA says he won't enforce 'transphobic' Tennessee bathroom law
(DBN)

Charleston shooter lawyer: Racist delusion showed incapacity Dylann Roof Wants a New Trial
(DBN)

White America: Awakened?
(DBN)

FBI investigating death threat and package sent to Rand Paul's home
(DBN)

Houston Cops 'Molested' Female Deputies During Undercover Stings, Forced One to Be 'Penetrated by 'Known Rapist': Lawsuit
(DBN)

Pennsylvanian Who Killed a Man with a Crossbow Bolt to the Neck and Fled the Scene Claims He Was Mowing a Lawn at the Time of the Crime: Police
(DBN)

Families separated at Mexico border build new American life Many wait uneasily as Biden unwinds key Trump asylum policy Biden's Giant Tent City for Migrant Kids
(DBN)

Ohio Woman, 36, Accused of Setting Her 62-Year-Old Husband on Fire During Argument About a Phone
(DBN)

‘My Mother Was Violated by Her Doctor’: Lawsuit Says Daughter’s DNA Test Shows Her Mother’s OB-GYN Is Really Her Father
(DBN)

Maserati Driver Caught on Video Emptying Magazine on Fellow Motorist Who Apparently Cut Him Off in D.C.
(DBN)

California Man Sentenced for Setting Fire to Republican Club with Molotov Cocktail
(DBN)

Ninth Circuit Rules Against Parents in Lawsuit Over School’s Encouragement of Anti-Gun Protest: ‘Alleged Peer Pressure’ Is Not ‘Government Compulsion’
(DBN)

Report: Suburbs' arrest rates surpass urban cities
(DBN)

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Judges:

Chief Justice in Rare Speech Says Law Is Way of Limiting Power
(DBN)


Court Chaplaincy
(DBN)

Federal Judge Dismisses Steve Bannon’s Indictment Due to Trump Pardon, But Not Without a Parting Shot
(DBN)

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Wall Street:

Dow Futures Higher as Fed Tames Bond Markets: Ford, Exxon in Focus
(DBN)

S&P 500 erases gains and ends day slightly lower as market rally stalls
(DBN)

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Layoffs:

Reminder to New Jersey employers: NJ WARN changes on the horizon
(DBN)

WARNing Signs When Building Your Post-Pandemic Workforce
(DBN)

Warehouses Look to Robots to Fill Labor Gaps, Speed Deliveries
(WSJ)

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Movie Theaters:

7 AMC Entertainment Facts Retail Investors Conveniently Ignore
(DBN)

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Corporate Governance:

The Duty of Oversight and the Need for Regular Board Review of Corporate Risk
(DBN)

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Politics:

Romney first GOP senator to say he would vote for Jan. 6 commission bill
(DBN)

McConnell sends warning shot on Schumer's China bill
(DBN)

Biden's job approval ticks upward to 62 percent, poll finds
(DBN)

Pelosi doesn't deliver matching donations
(DBN)

Marjorie Taylor Greene continues anti-vaxx meltdown even after being denounced by entire GOP leadership team Kevin McCarthy Leads House Republicans In Denouncing Marjorie Taylor Greene's Holocaust Remarks GOP leaders condemn Greene's Holocaust comments, but accuse Democrats of antisemitism
(DBN)

Democratic State Senator, Former Campaign Treasurer Indicted on Federal Wire Fraud Charges
(DBN)

From Guns to Gay Marriage, How Did Rights Take Over Politics?
(DBN)

McConnell, the minority leader with 'veto' power
(DBN)

MyPillow’s Mike Lindell is turned away from Republican governors event
(DBN)

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Economy:

Chicago Fed index shows U.S. economy struggling to lift off after March rebound
(DBN)

Wall Street is facing a $9 trillion problem
(DBN)

Axios-Ipsos poll: Re-emerging without trust
(DBN)

Fed makes little progress in central bank digital currency race
(DBN)

America's small business post-pandemic comeback
(DBN)

Americans' divided economic future
(DBN)

Bipartisan infrastructure talks on life support Infrastructure judgment day expected after Senate recess
(DBN)

Summers: Congress should pay for infrastructure with COVID-19 relief funds
(DBN)

GOP's latest infrastructure counteroffer to cost roughly $1 trillion Republicans plan to send Biden nearly $1 trillion infrastructure counteroffer this week
(DBN)

As deadlines slip, Biden agenda faces crucial assessment
(DBN)

Business groups form coalition to oppose all tax hike proposals by Democrats
(DBN)

Biden’s selling an ambitious agenda. Americans still aren’t sure what it is.
(DBN)

Small-Business Owners Are Scoring Dream Spots In The Most Cutthroat Market
(DBN)

China is still behind on buying enough U.S. goods to fulfill ‘phase one’ trade deal
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Real Estate Breaks Chapter 11 Lull
(DBN)

Rent deferrals in bankruptcy during the COVID-19 pandemic
(DBN)

MBA: Mortgage Applications Decrease in Latest Weekly Survey
(DBN)

Rising costs crimp new home sales
(DBN)

Home prices in March saw highest growth in over 15 years, S&P Case-Shiller says Case-Shiller: National House Price Index increased 13.2% year-over-year in March Zillow Case-Shiller House Price Forecast: "Not Slowing Any Time Soon", 14.3% YoY in April Home prices haven’t risen this fast since 2005
(DBN)

New Home Sales Decrease to 863,000 Annual Rate in April A few Comments on April New Home Sales
(DBN)

Building material prices take their toll on new home sales Lumber Firms Applaud, Home Builders Angry As U.S. Moves To Double Canadian Lumber Tariffs
(DBN)

Real House Prices and Price-to-Rent Ratio in March
(DBN)

Get ready, rents are rising fast again, even in San Francisco
(DBN)

Attorney General Bonta Announces Guilty Pleas in $6 Million Southern California Mortgage Relief Scheme
(DBN)

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Municipalities:

To Disappear a City
(DBN)

Central Falls' Bankruptcy and the Principle of Shared Pain
(DBN)

Detroit's Bankruptcy and Market Reentry
(DBN)

Illinois Supreme Court Overturns Appellate Court, Finding Taxpayer Action Challenging Constitutionality of $14B of GO Bonds Barred by Laches
(DBN)

Puerto Rico Waives COVID-19 Testing Requirements for Fully Vaccinated U.S. Travelers
(DBN)

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Oil/Gas:

IEA’s urgent fossil fuel warning earns mixed reception from producers
(DBN)

Seadrill Affiliate Emerges from Chapter 11 Bankruptcy
(DBN)

A tiny, climate-conscious player is creating a giant headache for Big Oil
(DBN)

Exxon is facing a climate rebellion it may be unable to put down
(DBN)

World Enters Endgame for the Age of Oil
(DBN)

New EU climate target requires 'complete transformation' of energy – panel
(DBN)

Big oil companies are driven by profit – they won’t turn green by themselves
(DBN)

Biden Administration Strikes Deal To Bring Offshore Wind To California
(DBN)

The $9.5b energy merger that has baffled Wall Street
(DBN)

AP Fact Check: House GOP falsely blames Biden for gas prices
(DBN)

The cost to clean up New Mexico’s oil and gas industry? $8 billion.
(DBN)

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Coal:

States warn banks — Drop coal, and we drop you
(DBN)

US coal jobs continue to dwindle in Q1'21 despite production rebound
(DBN)

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Crypto:

Bitcoin traders using up to 100-to-1 leverage are driving the wild swings in cryptocurrencies
(DBN)

Bitcoin price bounces back above $40,000 after a wild week of trading
(DBN)

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Student Debt:

Department of Education’s Office of Postsecondary Education Announces Public Hearings on Protections for Students, Loan Repayment, Targeted Loan Cancellation Programs, and Other Higher Education Regulations
(DBN)

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Retailing:

Forever 21 Owner Authentic Brands Plans IPO This Year Authentic Brands eyeing possible IPO
(DBN)

The Collected Group restructuring plan scores bankruptcy court approval
(DBN)

The Real Winner Of The Retail Apocalypses: Simon Property Group
(DBN)

US retailers face headwinds from slowing online sales, inflation
(DBN)

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Hotels:

Five Eagle Hospitality Trust properties put on auction receive qualified bids
(DBN)

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Trucking:

Is There Really A Truck Driver Shortage?
(DBN)

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Autos:

May Vehicle Sales Forecast: Supply Issues Pull Down Sales
(DBN)

Toyota forced to suspend production in Japan in June
(DBN)

Defiant Ghosn pins hopes on French probes to clear his name
(DBN)

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Prisons:

Prison Owner Geo Slides Further Into Junk Amid Cash Crunch
(DBN)

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Nursing Homes:

Publicly traded nursing home companies were not ravaged financially by pandemic conditions: study
(DBN)

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Climate:

Global climate schemes putting a price on carbon emissions
(DBN)

Canada's Top Pension Funds Boost Investments in High-Carbon Oil Sands
(DBN)

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Food/Beverage:

Subway wants to increase franchisees’ payments by 25%
(DBN)

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Distressed Investing:

Bonds of Firm That Sells $500 Sneakers Sum Up Junk’s Dilemma
(DBN)

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Healthcare:

Half of U.S. adults will be fully vaccinated by end of Tuesday, White House says
(DBN)

Mild COVID-19 cases can lead to antibody protection for life
(DBN)

COVID-19 Wuhan lab theory gets more serious look Becerra calls for 'transparent' investigation into COVID-19 origins Timeline: How the Wuhan lab-leak theory suddenly became credible HHS chief calls for follow-up investigation into COVID origins
(DBN)

The Wuhan Lab Leak Question: A Disused Chinese Mine Takes Center Stage
(WSJ)

Moderna says COVID-19 vaccine is 100 percent effective in 12- to 17-year-olds
(DBN)

Couple get married on plane mid-air with 161 guests to avoid Covid restrictions
(DBN)

In NYC’s furthest flung neighborhood, vaccine a tough sell
(DBN)

More than 30 countries could face oxygen crises similar to India amid COVID-19 surges
(DBN)

Poll: Over 1 billion people worldwide unwilling to get COVID-19 vaccine, global herd immunity at risk
(DBN)

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New Bankruptcy Opinions
(5 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (10 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (5 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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Litigation Finance:

New Jersey Sees New Battle Over Litigation Finance Disclosures
(DBN)

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DIP Finance:

Jevic Ch. 7 Ruling Highlights DIP Agreement Consequences
(DBN)

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Cross-Border:

Value Tracing and Priority in Cross-Border Group Bankruptcies: Solving the Nortel Problem from the Bottom Up
(DBN)

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Settlements:

Settling With a Party That May File for Bankruptcy: Avoiding Pitfalls That Unwind Your Hard Work
(DBN)

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Notice:

Adjust Your Focus When Due Process Requirements Are Blurry: Third Circuit Finds Kodak’s Notice of Publication Sufficient for Unknown Tort Claimant
(DBN)

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Negotiation:

Friendliness Within Hostile Relationships–A Barrier to Negotiation?
(DBN)

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Celebs:

John Oliver Bankruptcy Breakdown – Part 1: What He Got Right
(DBN)

Katie Price Back In Bankruptcy Court In Bid To Avoid Paying £3.2m Debt
(DBN)

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Aviation:

Aviation Has Lost Everything It Had Made Since WW2
(DBN)

United Airlines offering free travel for a year to promote vaccinations
(DBN)

United says domestic leisure fares are topping 2019 levels as bookings pick up
(DBN

Air passengers warned to wear masks and behave ahead of holiday
(DBN)

FAA Looks to Fine Three Unruly Passengers a Total of $34,500 for Flipping Out, Refusing to Wear Masks on Flights
(DBN)

The EU sanctions Belarus after ‘state terrorism’ — but experts aren’t convinced they’ll work EU leaders agree on Belarus sanctions after plane diversion
(DBN)

Scheme of Arrangement Approved for Multinational Aircraft Leasing Business
(DBN)

Norwegian Air exits restructuring process
(DBN)

Countries eager to reopen to travel as pandemic recedes
(DBN)

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Hotels:

Hospitality Investors Trust Operating Partnership Files Prepackaged Chapter 11 in Delaware With Plan Sponsor and Existing Preferred Equityholder Brookfield
(DBN)

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Pharma:

Many Sacklers, Many Trusts: Why Purdue Pharma Wants a Settlement
(DBN)

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Tax:

Warren offers bill to increase IRS budget to $31.5 billion
(DBN)

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Utilities:

Municipal Electricity Provider in California Files Bankruptcy
(DBN)

Texas Legislature close to approving billions to pay for winter storm financial fallout
(DBN)

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Sports:

Japanese Business Leaders Add to Chorus Against Holding Olympics
(WSJ)

Japanese hospitals on brink of ‘collapse’ with beds & ventilators running out just eight weeks before Olympics
(DBN)

Scientists: Canceling Tokyo Olympics "may be the safest option"
(DBN)

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Education:

Judson College will close and file for Chapter 11 bankruptcy
(DBN)

GOP-led states going after critical race theory in schools
(DBN)

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Gig Economy:

California gig workers say Prop. 22 isn’t delivering promised benefits
(DBN)

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Sovereigns:

Belize Defaults on Debt for Second Time in a Year, S&P Says
(DBN)

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UK:

Court claim could pay millions to Deben Transport's creditors five years on
(DBN)

Disclosure Requirements in Corporate Debt Restructuring via Schemes of Arrangement: A Comparative Approach
(DBN)

Corporate Rescue in the United Kingdom: Past, Present and Future Reforms
(DBN)

Bondholders take FNG to court
(DBN)

“Huge” numbers of nightclubs could “go bankrupt within a week” of reopening without government help
(DBN)

UK government ‘vindicated’ by Sanjeev Gupta’s refinancing efforts
(DBN)

Former Boris Johnson aide gives scathing testimony on U.K.'s early COVID response
(DBN)

Trillions Worth of Business Leaves the UK
(DBN)

EU-UK Trade Slumps in First Quarter
(DBN)

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Canada:

New insolvency rules help energy companies carve out their environmentally-compromised assets
(DBN)

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Italy:

Banca Ifis rescues Italian casualty of Greensill collapse
(DBN)

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MENA:

Dubai Property Fund Unswayed by Renegade Creditors in Debt Clash
(DBN)

Armed drones crisscross Middle Eastern skies, bringing havoc and a new threat to U.S. Blinken says US will aid Gaza without helping Hamas U.S. to reopen Jerusalem consulate to engage with Palestinians
(DBN)

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Belarus:

Belarus’ isolation grows after journalist’s dramatic arrest
(DBN)

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India:

SC has made promoters’ guarantees a potent weapon for creditors; its blow can’t be softened by limited liability
(DBN)

Developers seek protection from insolvency for a year Insolvency: Builders seek protection from government
(DBN)

Limitation Act Is To Be Made Applicable ‘As Far As May Be Possible’ To Insolvency Code
(DBN)

Vaccine inequality in India sends many falling through gaps
(DBN)

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Russia:

How Russian Oil Companies Illegally Dump Massive Amounts Of Toxic Waste
(DBN)

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China:

Why China’s Record-High Bond Defaults Should Worry Retail
(DBN)

China’s $18 Trillion Ticking Time Bomb Threatens ‘V-Shaped’ Boom
(DBN)

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Hong Kong:

Restructuring and Insolvency Laws 2021
(DBN)

HKSAR and Mainland sign record of meeting concerning mutual recognition of and assistance to insolvency proceedings
(DBN)

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Australia:

Viable businesses should ‘focus’ as Australia braces for insolvency bump
(DBN)

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Malaysia:

Malaysia now has more Covid cases per million people than India
(DBN)

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