May 28, 2021

The Daily Bankruptcy News

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Due to the Memorial Day holiday, The Daily Bankruptcy News will not publish on Monday, May 31, 2021



Law:

Top 50 Biglaw Firm Announces Latest Return-To-Office Date Yet, With Masks Required -- For Now
(DBN)

Biglaw Firm Plans A September Return To Office, But Has No Plans To Make Lawyers Come In 5 Days Each Week
(DBN)

You Don't Have To Go Back To The Office This Year If You Don't Want To At Wilson Sonsini
(DBN)

Dechert Targets Half Remote Hours After September Office Return
(DBN)

Slaughter and May makes switch to homeworking
(DBN)

Will You Have To Wear A Mask At Your Law Firm?
(DBN)

To Mask or Unmask in Offices? Some Law Firms Are Updating Their Mask Guidelines
(DBN)

Top Biglaw Firm Looking Forward To Associates Spending 'Meaningful Time' In The Office
(DBN)

Can employers make COVID-19 vaccination mandatory?
(DBN)

Skadden orders unvacced staff to get Covid tests before entering office
(DBN)

Survey Shows There's A Gender Divide Regarding The Return To In-Office Work
(DBN)

Elite Law Schools Would *Really* Appreciate It If You Don't Show Up In The Fall
(DBN)

Meet the power players of the booming litigation finance industry
(DBN)

University of Miami Faces Backlash After Forcing Out Popular Law Dean Florida law dean hopes school will rescind his firing; faculty resolution also supports him
(DBN)

Porzio Expands Bankruptcy & Financial Restructuring Practice with Addition of Sydney J. Darling as Of Counsel
(DBN)

For Summer Associate Programs, Several Law Firms Keep Pandemic Precautions in Place
(DBN)

Several law firms plan to make Juneteenth a permanent paid holiday; will it become an industry standard?
(DBN)

Biglaw: I Worry My Work Hurts People. This Firm: Hold My Beer!
(DBN)

The Biglaw Firm Flying Up The Rankings
(DBN)

Baker McKenzie jettisons business services staff
(DBN)

Are You Languishing?
(DBN)

Progress Report: Opening A New Practice
(DBN)

Could the Cuomo Investigation Taint Davis Polk?
(DBN)

Chemsex barrister who bought £1,000 of party drug mephedrone from BBC producer that killed his boyfriend avoids being struck off
(DBN)

Killer of 9 in California had talked of workplace attacks San Jose Gunman Plotted for a Decade
(DBN)

Which States Have Acted on Police Reform?
(DBN)

Cops who kill often catch a break at sentencing time
(DBN)

Activists: Charge Louisiana troopers in Black man’s death
(DBN)

'They have Rudy Giuliani documents too': Michael Cohen sounds the alarm that Trump grand jury is big and broad Prosecutors investigating Trump tell witness to prepare for grand jury testimony
(DBN)

Feds Oppose Handing Lev Parnas Goods from Rudy Giuliani Warrants—and Reveal More About the Probe
(DBN)

‘Clearly hyperbolic’: Rudy Giuliani denies he urged attack on Capitol in ‘trial by combat’ speech
(DBN)

Emails Tie Top Trump Exec Allen Weisselberg to Yet Another Trump Financial Scandal
(DBN)

New York prosecutors are treating the Trump Organization like it's the mob
(DBN)

What’s Behind the New York Attorney General’s Criminal Probe of the Trump Organization
(DBN)

Special Counsel Spends $1.5 Million in Probe of Russia Inquiry
(DBN)

'A whole new level': Harvard law professor says not even Nixon would have made the legal claims Trump is
(DBN)

Man Who Threatened to Kill Pelosi Denied Bail Again Because Trump Keeps Repeating Stolen Election 'Canard,' Judge Rules Oath Keepers’ lawyer claims 'the Constitution does not protect one from violence' in typo-plagued response to Capitol riot lawsuit Proud Boy rioter asks to be let out of jail so his disability payouts won’t dry up Kentucky Man Accused of Spraying Police with Fire Extinguisher on Jan. 6 Charged for Assault Self-Described 'MAGA Caravan' Leader 'Pi Annon' Charged with Assaulting Police During Capitol Siege
(DBN)

Jeffrey Epstein’s ‘recruiters, lovers and pals set to testify against Ghislaine Maxwell in her sex trafficking trial’ The Women Who Enabled Jeffrey Epstein
(DBN)

Dershowitz Sues Netflix For Making Him Look... Not Great!
(DBN)

Daily Caller News Foundation Sues Chicago Mayor Lori Lightfoot for 'Purposefully' Discriminating Against White Reporter Lightfoot Sued Over Black Only Interviews
(DBN)

Florida Social Media Censorship Law Touted by Gov. DeSantis Is a ‘Frontal Assault on the First Amendment’: Lawsuit
(DBN)

Virginia man follows Tucker Carlson's advice and harasses families of mask-wearing children
(DBN)

14-Year-Old Aiden Fucci Will Be Tried as an Adult on First-Degree Murder Charges Over Death of 13-Year-Old Tristyn Bailey
(DBN)

New Proposal Would Impose Permanent 10 p.m. Liquor Sale Curfew in Chicago Stores
(DBN)

Ex-Wife of California Rail Yard Mass Shooter Said He Once Talked About Killing Co-Workers; Ex-Girlfriend Alleged Rape, Abuse: Reports
(DBN)

'I'm Absolutely Sure': At Murder Trial, Neighbors Contradict Robert Durst's Story About His Wife's Disappearance
(DBN)

The FBI Seized Heirlooms, Coins, and Cash From Hundreds of Safe Deposit Boxes in Beverly Hills, Despite Knowing 'Some' Belonged to 'Honest Citizens'
(DBN)

Trump supporter pleads guilty to attacking elderly couple with a golf club over their Biden sign
(DBN)

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Judges:

Sotomayor's Three Pieces of Advice for Graduating Law Students
(DBN)

Years after challenging drug dealer to change, judge swears him in as a lawyer
(DBN)

Judge Says Juvenile Arrest OBVIOUS Outcome Of Liking The Rap Music
(DBN)

Trying Out My Trial Skills In A New Virtual Reality Courtroom
(DBN)

Next Pre-Trial Question for Jurors: Are You Vaccinated?
(DBN)

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Wall Street:

 

US stocks trade higher after 4th straight pandemic-era low in weekly jobless claims
(DBN)

A 42-year-old electronic technician says he made $8,000 betting on bankrupt Hertz after God told him to invest
(DBN)

AMC shares have surged 146% in just 4 days as gleeful Reddit traders squeeze shorts, pushing the stock well above January highs AMC’s Four-Day Surge Slaps Short Sellers With $1.3 Billion Loss
(DBN)

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Autos:

Consumers are borrowing more money, for longer periods, to drive trucks and SUVs
(DBN)

As world wrestles with a chip shortage, GM’s plants fire back up
(DBN)

Japan Carmaker Sales Soar While Chip Dearth Weighs on Production
(DBN)

Carmakers Forced by Chip Crisis to Rethink Just-In-Time Ordering
(DBN)

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Crypto:

Kuroda Joins Chorus of Central Bankers Casting Doubt on Bitcoin
(DBN)

Iran bans bitcoin mining as its cities suffer blackouts and power shortages
(DBN)

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Movie Theaters:

AMC surges past US$10B market value as rally hits 1000%
(DBN)

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Hedge Funds:

DOJ opens probe into Archegos meltdown that led to $10 billion in losses for banks
(DBN)

Defunct Hedge Fund Accused Of Mishandling $1B In Assets
(DBN)

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Recycling:

Indorama, DAK Americas bid for bankrupt US rPET facilities
(DBN)

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Healthcare:

Glaring Covid Inequities Persist Even as U.S. Pandemic Wanes
(DBN)

Nearly half of COVID-19 patients leave hospitals in ‘worse condition’ than they arrived
(DBN)

Resistance to vaccine mandates is building. A powerful network is helping.
(DBN)

Seychelles’s Covid Mysteries Pit Anti-Vaxxers Against Scientists Seychelles Says Unvaccinated Have Sixfold Higher Covid Risk
(DBN)

Indoor Spanish Concert Study Shows No Sign of Covid-19 Spread
(DBN)

'My family is gone!' Gut-wrenching video shows Kentucky dad driven to tears over vaccine conspiracies
(DBN)

California to pay $116.5 million in gifts, cash to those who get COVID vaccinations California to Hand Out $116.5 Million in Prizes for Vaccinations
(DBN)

Companies, states up the ante on vaccine incentives
(DBN)

Concerns about missing work may keep some from being vaccinated
(DBN)

Why a Grand Plan to Vaccinate the World Against Covid Unraveled
(DBN)

‘A whirlwind’: 1st Ohio vaccine lottery winners speak out
(DBN)

U.S. intelligence community acknowledges two theories of COVID-19 origin Trump’s Supporters Are Getting the Lab-Leak Story Backwards
(DBN)

Number of smokers has reached all-time high of 1.1 billion, study finds
(DBN)

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Economy:

Weekly Initial Unemployment Claims decrease to 406,000 US jobless claims fall to 406,000, a new pandemic low
(DBN)

Orders for U.S. business equipment rise most in eight months
(DBN)

Krugman: The Economy Is Spinning Its Wheels, and About to Take Off
(DBN)

Stronger inflation will linger throughout 2021 and fade soon after, Treasury Secretary Yellen says
(DBN)

Don't fear inflation
(DBN)

Biden pledges to tackle monopolies, supply shortages as prices rise
(DBN)

Q1 GDP Growth Unchanged at 6.4% Annual Rate
(DBN)

CEO pay surged nearly 16% in 2020, study says - dwarfing the 1.8% jump in average worker compensation
(DBN)

Senate Republicans offer nearly $1T infrastructure counterproposal GOP offers $928B on infrastructure, funded with COVID aid Biden concerned by lack of "new funds" in GOP's infrastructure counteroffer GOP Floats Infrastructure Offer With Billions Less Than Biden’s Elizabeth Warren says the GOP infrastructure plan is not a 'serious' counteroffer and leaves out women
(DBN)

Half a Trillion Dollars Is Sitting at the Fed Earning Nothing
(DBN)

Biden Tax Hikes Rely on Richard Neal, Fielding 222 Alternatives
(DBN)

Biden to Propose $6 Trillion Budget to Boost Middle Class and Infrastructure Biden budget expects growth around 2% a year over next decade
(DBN)

Federal spending keeps rising
(DBN)

GAO Identifies Billions in Gov't Savings
(DBN)

Future of work expert: Pandemic highlighted "flimsy" child care system in U.S.
(DBN)

Bank of America to Bring Top NYC Managers Back to Office on June 1
(DBN)

Fed to Hold Modified, In-Person Jackson Hole Symposium in August
(DBN)

Axios-Ipsos poll: Virus, discrimination top Hispanic concerns
(DBN)

Mnuchin: We may never know how many jobs PPP loans saved U.S.’s $795 Billion Rescue Saved Jobs. No One’s Sure How Many
(DBN)

World Faces Longer Supply Shortage as China’s Factories Squeezed
(DBN)

Yellen Pitches Budget Increase for Treasury After Trump-Era Cuts
(DBN)

Gates divorce forces US$50-billion foundation to weigh changes
(DBN)

Gender pay gap in U.S. held steady in 2020
(DBN)

Ranked: The World’s 25 Richest Millennial Billionaires
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

NAR: Pending Home Sales Decreased 4.4% in April U.S. Pending Home Sales Decline Unexpectedly on Lean Inventory
(DBN)

U.S. Mortgage Rates Dip Back Below 3% as Borrowing Costs Seesaw
(DBN)

In Tight Housing Market, Thousands of Homes Are Reserved for Certain Buyers
(WSJ)

This Is the City Where Houses Sell the Fastest
(DBN)

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Municipalities:

Puerto Rico Board Seeks Island’s Exit from Bankruptcy This Year
(DBN)

Post-pandemic New York City is laid bare as homelessness, mental illness and crime escalate and rattled locals and tourists alike believe the town 'has lost its essence' while city cheerleaders insist 'the ship has turned'
(DBN)

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Oil/Gas:

Big Oil's climate earthquake
(DBN)

Big Oil's Day of Reckoning Should Worry Executives
(DBN)

Insurance Industry May Bring Down Fossil Fuels
(DBN)

Shell’s Court Rebuke Marks the Start of a New War Against Big Oil
(DBN)

New Exxon director tapped by activist is an oil industry insider
(DBN)

A To-Do List for the New Climate Activists on Exxon’s Board
(DBN)

What Happens to Exxon Now?
(DBN)

Activist’s Fight at Exxon Started With Lessons at a Coal Mine
(DBN)

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Tourism:

Summer travel forecast calls for longer waits, fewer choices
(DBN)

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Hotels:

Hotels: Occupancy Rate Down 15% Compared to Same Week in 2019
(DBN)

Here's how much everyone who works at an American hotel makes
(DBN)

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Retailing:

Shoppers go back to stores, but retailers face challenges
(DBN)

Retail conglomerate Authentic Brands Group readies for summer IPO
(DBN)

Dollar stores hit by freight costs as labor squeeze looms
(DBN)

Best Buy boosts forecast on 'extraordinarily high' demand
(DBN)

A former Blockbuster insider chronicles its many blunders
(DBN)

Best Buy comes roaring out of the pandemic era with 37% sales growth
(DBN)

Dick's sales surge 119% as it invests in stores, private labels
(DBN)

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Sports:

Physician warns Tokyo Olympics could spread variants
(DBN)

Japan to Extend Virus Emergency Until a Month Before Olympics
(DBN)

Steven Naismith tells how administrators of insolvent Rangers rejected £2m West Brom bid for him
(DBN)

Motor racing-Indy 500 sells out, 135,000 fans expected on Sunday
(DBN)

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Cannabis:

Religious Americans are less likely to endorse legal marijuana for recreational use
(DBN)

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Food/Beverage:

Sizzler Sues the SBA to Get Access to PPP Funds
(DBN)

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Taxis:

Where Did All the Yellow Cabs Go?
(DBN)

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Pharma:

House Democrats attack GOP over drug pricing bill members also oppose
(DBN)

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Transit:

NYC Rail Tunnel Takes Key Step Toward U.S. Cash After Trump Snub
(DBN)

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Cruise Lines:

Florida Forces Cruise Ships to Take Unvaccinated Passengers
(DBN)

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Politics:

Senate tests willingness to preserve filibuster with China, Jan. 6 commission votes GOP set to block 1/6 panel, stoking Senate filibuster fight Manchin says he's not willing to abolish filibuster over Jan. 6 commission 'They continue to live in fear': Sen. Manchin criticizes McConnell, GOP for opposing Jan. 6 commission Democrat makes plea for U.S. Capitol riot probe as Senate nears vote GOP Poised to Block 1/6 Riot Probe New wedge against Manchin
(DBN)

"A new bargain": Biden's 2024 tease
(DBN)

Biden chides Rep. Beth Van Duyne for touting COVID relief she voted against: ‘Some people have no shame’
(DBN)

Trump appointees shocked and angry after his desperate payroll tax delay leaves them owing thousands
(DBN)

Arizona Election Audit is Pure Folly
(DBN)

Trump booed at Yankee Stadium — and he wasn’t even there
(DBN)

Donald Trump's Forlorn Scrutiny of 2020 Could Lead to GOP Sorrow in 2022
(DBN)

‘Most Frivolous Yet’: Georgia Governor Asks Court to Toss Lawsuit Over 2020 Election Results
(DBN)

Marjorie Taylor Greene Unrepentant Over Holocaust Remarks
(DBN)

Paul Ryan Calls for Conservatives and GOP to Move Beyond Trump
(DBN)

California Congresswoman Says She Sleeps with a Gun Nearby After Pushing Back on El Salvador’s President
(DBN)

Top Republicans think GOP can win in Puerto Rico
(DBN)

Missed deadlines hint at long congressional summer
(DBN)

‘Ammon Bundy coming soon.’ Federal water cutoffs igniting rebellion in Northern California
(DBN)

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Religion:

In both parties, fewer now say being Christian or being born in U.S. is important to being ‘truly American’
(DBN)

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Mass Torts:

NY bill would give sexual abuse survivors new chance to sue
(DBN)

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New Bankruptcy Opinions
(2 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (13 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (8 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)

______________

Safe Harbors:

Fairfield Sentry Revisited: Beyond the rhetoric of approach, US safe harbor provisions continue to apply to analogous foreign avoidance claims
(DBN)

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Corporate Governance:

The shareholders strike back
(DBN)

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Bankruptcy Crimes:

Michigan Insurance Salesman Indicted for Tax and Bankruptcy Fraud
(DBN)

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Awards:

2021 IFLR Americas Awards: Winners
(DBN)

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Aviation:

Memorial Day air travel set to boom as a rapidly expanding airline industry rises to meet demand
(DBN)

Russia blocks flights that avoid Belarusian airspace EU Flights Nixed as Russia Withholds Permits to Bypass Belarus
(DBN)

U.N. aviation body discusses call to probe Belarus airliner grounding
(DBN)

Qantas Dangles Free Flights for People Who’ve Been Vaccinated
(DBN)

Central Bankruptcy Court Postpones the Hearing to Consider THAI’s Rehab Plan to June 15
(DBN)

Garuda Confirms Debt Restructuring Plans as Covid Hit Cashflows
(DBN)

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Fraud:

Executive who steered Lori Loughlin to college scam's mastermind sentenced to prison
(DBN)

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Banking:

Bank CEOs Get Rebuke From Waters Over Overdraft Fees, Gaps in Lending
(DBN)

Banks Flex Muscle With $23 Billion Gain as Congress Scolds CEOs
(DBN)

A Credit Suisse Unit Blacklisted Gupta as Another Bankrolled Him
(DBN)

Credit Suisse scandals prompt Switzerland to think unthinkable: punish bankers
(DBN)

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Utilities:

Another summer of California power outages poses threat to Newsom as he faces recall
(DBN)

FirstEnergy fires another executive over consulting contract
(DBN)

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Climate:

Americans are talking about climate action
(DBN)

Climate change is erasing 'flammability barrier' that protects high-elevation forests
(DBN)

How Thirsty is Our Food?
(DBN)

How Americans’ attitudes about climate change differ by generation, party and other factors
(DBN)

____________

Fitness:

N.Y. Sports Club Lender Says Bankruptcy Deal ‘Destroyed’ Stake
(DBN)

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Event Facilities:

Las Vegas Visitor Authority for April: No Convention Attendance, Visitor Traffic Down 27% Compared to 2019
(DBN)

____________

UK:

Mid-Sized Firms had Historically Low Insolvency Levels
(DBN)

Boris Johnson defends virus record after ex-aide’s attack
(DBN)

U.K.’s Sunak Fears Companies May Not Engage After Greensill Saga
(DBN)

Greensill did not get special treatment, says Sunak
(DBN)

SME financial support needed if UK lockdown restrictions stay
(DBN)

U.K. Economic Data ‘Very Positive,’ Top Treasury Official Says
(DBN)

U.K. Economic Optimism Hits Highest Since 2016 as Lockdown Eases
(DBN)

Reopening U.K. Economy on June 21 Hangs ‘in the Balance’
(DBN)

Brexit minister rejects responsibility for British ESC bankruptcy
(DBN)

U.K. Considers Carbon Border Tax to Protect Domestic Industry
(DBN)

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EU:

Euro-Area Confidence Gets Boost From Services as Economy Reopens
(DBN)

ECB Expected to Keep Its Higher Bond-Buying Pace Through Summer
(DBN)

Default, Transition, and Recovery: The European Speculative-Grade Corporate Default Rate Could Fall To 5.25% By March 2022
(DBN)

____________

Canada:

Canadian banks signal a COVID-19 all-clear earlier than expected
(DBN)

Chrystia Freeland Is Trying to Supercharge Canada's Growth
(DBN)

Canada urged to relax entry rules for fully vaccinated travelers
(DBN)

'Excess exuberance' in housing harks back to the market frenzy of the 1990s
(DBN)

____________

Spain:

Spain Reaches Deal With Business, Unions to Extend Job Furlough
(DBN)

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Ireland:

Bankrupt developer Seán Dunne claims case against him over sale of children’s properties is a fraud
(DBN)

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Brazil:

Brazil Unemployment Hits All-Time High During Second Covid Wave
(DBN)

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MENA:

UN rights chief: Israeli strikes in Gaza may be war crimes UN to investigate possible crimes committed during recent Gaza crisis
(DBN)

Hamas's Sinwar: We have 500 km of tunnels in Gaza, only 5% were damaged
(DBN)

Israel Is Unsure It Deterred Hamas, and the Military Is Preparing for Renewed Gaza Fighting
(DBN)

Gaza: Life Under Occupation and Siege
(DBN)

Key Trends in U.S. Views on Israel and the Palestinians
(DBN)

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India:

Lenders To Initiate Insolvency Proceedings Against Personal Guarantors
(DBN)

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Chile:

Chile to Loosen Restrictions for Those Vaccinated Against COVID-19
(DBN)

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Australia:

'Mass exodus' out of Melbourne as fed-up residents flee their state ahead of new lockdown
(DBN)

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Singapore:

Singapore Plans to Vaccinate Students, Then Everyone Else
(DBN)

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Argentina:

Argentina posts record rise in daily COVID-19 cases
(DBN)

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Guatemala:

The need for an insolvency law in Guatemala
(DBN)

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Hong Kong:

Get Vaccinated in Hong Kong, Win $1.4 Million New Apartment
(DBN)

____________

Taiwan:

Taiwan Death Toll Jumps as Chen Warns Case Trend Is ‘Not Great’
(DBN)

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France:

France in Double-Dip Recession at Start of 2021 After Revisions
(DBN)

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Germany:

Germany Admits Genocide in Colonial Namibia
(DBN)

____________

Japan:

Japan Widens Vaccine Center Access as Thousands of Slots Remain
(DBN)

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