May 6, 2021

The Daily Bankruptcy News

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Law:

World’s Largest Law Firm Announces Special Bonuses
(DBN)

Top 25 Biglaw Firm Hands Out Even More Money (On Top Of Bonuses)
(DBN)

Goodwin Hands Out $1,000 “Well-Being Payments” to Associates
(DBN)

Wishes for Well-Being Don’t Go as Far as Actions
(DBN)

The New Trend Keeping Women Out of the Country’s Top Legal Ranks
(DBN)

Linklaters to Pick First Female Leader in Its 183-Year History
(DBN)

The $4 Billion Biglaw Firms
(DBN)

Legal Operations Remains a Mystery to Many Lawyers
(DBN)

Report: Law Firms that Adopt E-Payments See Speedier Collections, Increased Revenues
(DBN)

Lawsuits pile up against M.I.A. New York real estate lawyer Mitchell Kossoff
(DBN)

That Time When A Potential Client Wanted My Advice On Doing Something Illegal
(DBN)

The Law Schools Where The Most Graduates Got State Clerkships (2020)
(DBN)

Sullivan & Cromwell 'Strongly' Encouraging July Office Return
(DBN)

Blank Rome Seeks Arbitration in Defunct Hedge Fund's Legal Malpractice Suit
(DBN)

COVID-19 Usually Is No Longer An Excuse For Routine Law Office Failure
(DBN)

2 attorneys in Bill and Melinda Gates' divorce also worked on Jeff Bezos' split in 2019 The High Stakes of Bill and Melinda Gates’s Divorce
(DBN)

Why divorce rates could spike after the pandemic ends, according to a family and divorce lawyer
(DBN)

Law firm can sue competitor for allegedly using case runners to poach clients, appeals court says
(DBN)

'RHOBH' Star Erika Jayne's $13 Million Mansion Hits The Market In Attempt To Pay Off Estranged Lawyer Husband’s Massive Debt
(DBN)

Giuliani allies press Trump team to help foot his growing legal bills: report
(DBN)

Judge orders DOJ to release Trump obstruction memo, slams Barr as 'disingenuous'
(DBN)

Rudy Giuliani Is The Dumbest Lawyer Ever, Right?
(DBN)

Biden set to flex clemency powers
(DBN)

San Francisco police arrest man suspected of stabbing two Asian women at bus stop
(DBN)

FactCheck: “Law enforcement violence is the leading cause of death for young Black men and women in the US.”
(DBN)

Atlanta board reverses firing of officer charged in Rayshard Brooks' death
(DBN)

Biden adds caveat on new refugees cap
(DBN)

ICE deportations fell in April to lowest monthly level on record, enforcement data shows
(DBN)

Woman missing since 2020 found living in tent in Utah canyon, eating moss and grass
(DBN)

Cops: Woman, 77, Hurled Whopper, Racial Slurs
(DBN)

Florida teen charged as adult in rigged homecoming queen election
(DBN)

Intense video of armed Kentucky Derby showdown in restaurant between white diner and BLM protesters
(DBN)

Will juror’s march presence impact Chauvin case?
(DBN)

Federal Appeals Court Upholds Decision to Keep Proud Boy Behind Bars Ahead of Trial for Pepper Spraying Police Accused Proud Boy Member and Capitol Rioter Seeks Venue Change Because D.C. Jurors ‘Voted Almost Unanimously Against Donald Trump’ This Capitol rioter didn’t leave a trail of evidence – but his proud wife did Guy Fawkes impersonator busted for Capitol riot: ‘They didn’t try to stop us like they should have’ Did agents raid home of wrong woman over Jan. 6 riot? Maybe.
(DBN)

Josh Duggar Ordered Released from Jail After Feds Allege Reality TV Star Had 65 Child Porn Images, Video of Kids ‘as Young as Toddlers’
(DBN)

Wisconsin Governor Tells Judge to Sanction Sidney Powell without Re-Litigating Her 'Mish-Mash Mess' of a Lawsuit
(DBN)

Vermont’s GOP Governor Signs Bipartisan Legislation to Ban Gay and Trans ‘Panic’ Defense
(DBN)

Colorado Man Who Pleaded for His Wife's Safe Return After She Went Missing on Mother’s Day in 2020 Is Now Charged with Murder
(DBN)

Prosecutors Oppose Ghislaine Maxwell’s ‘Fishing Expedition’ for Teenage Diary, Boots Jeffrey Epstein Allegedly Gave ‘Minor Victim’
(DBN)

Texas Lawyer Gets 15 Years for Scheme to Defraud Cocaine Traffickers
(DBN)

Texas anti-abortion legislation paves way for every right-to-lifer to sue abortion doctors
(DBN)

Unrestricted Open Carry Near Legal in Texas
(DBN)

As pandemic ebbs, an old fear is new again: mass shootings
(DBN)

Texas: Drink and Drive Merry
(DBN)

Feds seek forfeiture of ancient Roman statue that was headed to Kim Kardashian
(DBN)

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Judges:

BK SD NY Updates Covid Courthouse Access Rules
(DBN)

Comment Period for Tennessee Eastern Bankruptcy Judge Finalists
(DBN)

Parking lot tiff between judge and politician’s son leads to ethics investigation
(DBN)

How Amy Coney Barrett has changed the Supreme Court in ways Kavanaugh hasn't
(DBN)

Will Clarence Thomas Return To Silence Once Justices Return To Supreme Court?
(DBN)

Judge Amy Berman Jackson Delivers Epic Benchslap In Mueller FOIA Suit
(DBN)

Judge Allegedly Threatens From The Bench: 'If You Mess With My Son, I’ll Bust Your Ass.'
(DBN)

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Wall Street:

Stocks look set to add to the Dow’s record as futures inch higher, tech shares gain
(DBN)

Hedge funds had become ‘extreme’ sellers of stocks even before Yellen’s interest-rate remarks. Here’s why Hedge funds and professional money managers keep selling stocks
(DBN)

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Layoffs:

J.C. Penney's New Owners Cut 650 Jobs; Retailer Looks for Permanent Texas HQ
(DBN)

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Food/Beverage:

Biden Touts Relief Funds for Restaurants Hit by Pandemic Biden touts $28.6B restaurant relief program, orders tacos
(DBN)

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Utilities:

Survivors Stuck in Limbo as PG&E Fire Victim Trust Pays Out $50 Million in Fees
(DBN)

Gas and power sellers tally up billions in profit from Texas freeze
(DBN)

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Fitness:

Peloton recalling all treadmills after reports of injuries, one death
(DBN)

____________

Hedge Funds:

Archegos prepares for insolvency as banks seek compensation Archegos set for insolvency as it braces for legal claims from banks
(DBN)

____________

Autos:

What to know about Hertz’s new bankruptcy exit plan
(DBN)

One of Tesla's biggest emissions credit buyers doesn't need them any more, threatening a key profit source for Elon Musk
(DBN)

Sit tight, chip shortage likely to last to 2023, says top supplier to auto industry
(DBN)

GM tops profit estimates, keeps 2021 forecast despite chip woes
(DBN)

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Student Debt:

State Protections for Student Loan Borrowers: What to Know
(DBN)

____________

Forest Products:

Lumber futures extend record rally to top US$1,500 for first time
(DBN)

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Sports:

Bills GM Beane would consider cutting unvaccinated player
(DBN)

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Retailing:

Anticipating the Next Wave Of Retail Bankruptcies
(DBN)

Toys 'R' Us Creditors Call for Jury Trial on Executive Stay Pay
(DBN)

____________

Hotels:

Hilton CEO says business travel is back to about 50% of pre-Covid levels
(DBN)

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Healthcare:

Woman's Insane Hospital Bill Goes Viral on Twitter
(DBN)

U.S. cases, vaccinations continue to drop as White House sets new inoculation goal CDC projects a 'sharp decline' in Covid cases in the U.S. by July
(DBN)

Herd immunity in the U.S.? San Francisco offers reasons for optimism
(DBN)

Global cases of COVID-19 stayed at highest levels since start of the pandemic in latest week, says WHO
(DBN)

More Americans now worried about vaccine demand than supply: Gallup
(DBN)

Pressure increases for US to send vaccines to Latin America
(DBN)

They Told Their Therapists Everything. Hackers Leaked It All
(DBN)

Poll: Majority oppose proposal to temporarily waive intellectual property rights on COVID-19 vaccines Biden team says it supports waiving patent protections on Covid-19 vaccines
(DBN)

G7 Works On Vaccine Plan After Pleas To Help Poor
(DBN)

Over 1 Billion Worldwide Unwilling to Take COVID-19 Vaccine
(DBN)

Yankees, Mets to offer vaccines and free tickets to games
(DBN)

Indonesian airport workers accused of reusing nasal swabs for coronavirus testing
(DBN)

Will summer see a ‘travel window’ before fall infections rise? Experts weigh in
(DBN)

___________


Economy:

Private payrolls show big gain in April but short of expectations, ADP says ADP: Private Employment increased 742,000 in April
(DBN)

Only 4% of laid-off service workers will get their old jobs back, study finds
(DBN)

ISM® Services Index decreased to 62.7% in April Services in U.S. Expand at Second-Strongest Pace on Record
(DBN)

Fed’s Evans Says Risk of Upward Inflation Spiral Is Remote
(DBN)

Grocery Prices Up Steeply From Same Time Last Year
(DBN)

The biggest part of the U.S. economy is growing rapidly and rehiring more workers, ISM shows
(DBN)

Montana to end extra unemployment pay due to worker shortage
(DBN)

White House grapples with reports of labor shortage, inflation as recovery picks up steam
(DBN)

Resorts, theme parks short on workers as they open for summer
(DBN)

Biden Says He’s Open to Compromise on Corporate Tax Rate Hike
(DBN)

Inflation Risk Intensifies With Supply Shortages Multiplying Yellen Says She Isn't Predicting Higher Interest Rates Yellen's comments on inflation spark confusion, clarification as White House tries to navigate economic pressures
(DBN)

Cooperman Says Inflation Will Force Fed to Raise Rates in 2022
(DBN)

IMF warns global tax deal 'urgently needed' to avoid potential trade war
(DBN)

‘I’m putting my life on hold for the business’: Workers face Covid burnout
(DBN)

Poll: Americans back new spending, tax hikes on wealthy, but remain wary of economic impact
(DBN)

Biden’s families plan would cost $700 billion more than projected, new study says
(DBN)

Almost 6 in 10 support Biden's American Families Plan: poll
(DBN)

Business groups target moderate Democrats on Biden tax plans
(DBN)

‘It's Not Fair': Pizza Shop Owner Used PPP Funds to Buy Alpaca Farm
(DBN)

JPMorgan CEO says that working remotely 'does not work' for young people and those who want to 'hustle'
(DBN)

Goldman Sachs Asks Most Employees to Return to Office by Late June
(DBN)

Google Relaxes Work-From-Home Rules to Let More Staff Be Remote
(DBN)

US birth rate falls to lowest point in more than a century The U.S. birth rate is falling. Here's how other countries have tried to persuade people to have more kids.
(DBN)

Corporate America Rides Wave Of Inflation To Record Profits
(DBN)

Treasury warns of need to deal with national debt limit Treasury Warns Its U.S. Debt-Limit Tools May Run Out Faster U.S. Treasury Warns on Debt Ceiling Ahead of July 31 Deadline
(DBN)

Global Minimum Tax Near 21% Is Feasible, OECD Official Says
(DBN)

The debate over repeal of the cap on state, local deductions grows
(DBN)

Joe Manchin FactCheck: “Very few … if any” states have a minimum wage of $7.25 an hour
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

Federal judge vacates CDC's eviction moratorium
(DBN)

Rents Soar for Millions of Americans as Threat of Eviction Looms
(DBN)

Six Contracting Tips for Property Owners and Real Estate Developers to Protect Themselves from Contractor Distress and Related Bankruptcy Filings
(DBN)

Residential Construction Spending Continued to Climb in March
(DBN)

Complaints about mortgage servicers are soaring as millions of Americans still can’t make their monthly payments
(DBN)

MBA: Mortgage Applications Decrease in Latest Weekly Survey Mortgage demand stalls as rates rise and fierce competition hits home sales
(DBN)

The latest Federal Reserve meeting suggests mortgage rates will stay low for the foreseeable future
(DBN)

Another extension granted as Southern Park Mall operator continues talks to avoid bankruptcy
(DBN)

The East Bay real estate market is so hot, houses are selling for more than $1M over asking price
(DBN)

Austin: World Class files more bankruptcies, fights with lenders at foreclosure auctions
(DBN)

The Case for Post-Pandemic Flexibility in Commercial Leases
(DBN)

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Municipalities:

How COVID shocked state and local revenue
(DBN)

Puerto Rico governor vetoes delay to electric privatization
(DBN)

Puerto Rico’s Multi-layered Crisis
(DBN)

____________

Oil/Gas:

Seadrill lenders agree to extended cash use, for now
(DBN)

Pent-Up U.S. Travel Demand Poised to Trigger 30% Jet-Fuel Surge
(DBN)

____________

Live Performances:

Broadway Is Reopening. But Not Until September. Broadway readies imminent ticket sales for a fall reopening
(DBN)

____________

Education:

What Teen Vaccines Mean for School Reopenings
(DBN)

US parents excited over prospect of virus shots for children
(DBN)

Biden hits schools goal even as many students learn remotely
(DBN)

____________

Gig Economy:

Biden administration rescinds Trump gig-worker rule
(DBN)

____________

Summer Camps:

A year of lockdown has summer camp waitlists overflowing
(DBN)

Fauci Says CDC Summer Camp Guidance ‘Stringent,’ May Be Adjusted
(DBN)

____________

Religion:

Harrisburg Diocese bankruptcy case could collide with bill giving child sex abuse victims a chance to sue
(DBN)

____________

Recycling:

CarbonLite facility to be auctioned in bankruptcy case
(DBN)

____________

Pharma:

To filmmaker Gibney, opioid crisis is ‘Crime of the Century’
(DBN)

____________

Climate:

Electric vehicles and renewables need sharp rise in mineral supply, IEA warns
(DBN)

World risks runaway Antarctic ice melt if Paris targets not met Emissions Cuts Could Halve the Impact of Melting Ice on Oceans
(DBN)

White House Backs Nuclear Power Subsidies, Despite Green Qualms
(DBN)

____________

Politics:

Trump rips Cheney, McConnell, Pence over 2020 election McConnell Relies on Silent Treatment to Deflect Trump Attacks
(DBN)

GOP leaders have turned on Liz Cheney and support replacing her with Trump backer Elise Stefanik Stefanik’s Rise in House GOP Power Fueled by Loyalty to Trump Trump, House GOP leaders endorse Elise Stefanik to replace Liz Cheney The No. 2 House Republican backs Cheney’s opponent as leaders move to push her out for repudiating Trump’s lies House GOP leaders tap a Republican woman to kickstart Cheney's eviction Ernst defends fellow Republican leader Cheney — but calls for intra-GOP peace Cheney isn't fighting McCarthy push to replace her in leadership Facing an ouster from House leadership, Cheney says GOP at 'turning point' in new op-ed Rep. Liz Cheney urges GOP to reject Trump ‘cult of personality,’ says ‘history is watching’ Why the GOP Really Wants to Oust Cheney Liz Cheney's Long Game
(DBN)

Trump seen as likely to run in 2024
(DBN)

Tim Scott FactCheck: Says Democrats blocked his efforts at police reform
(DBN)

Republicans promote pandemic relief they voted against
(DBN)

GOP Lawmaker Says Counting Black People as Three-Fifths of a Human Was Justified
(DBN)

Democratic congressman tells Marjorie Taylor Greene to 'shut your seditious, QAnon loving mouth' after she called his party 'the enemy within'
(DBN)

Arizona Election Auditors Check Ballots for Bamboo Fibers After Conspiracy Theorists Claim 40,000 Votes Were ‘Flown in’ from Asia
(DBN)

US Justice Department worried about Arizona Senate recount
(DBN)

Five takeaways on the House's return to budget earmarks
(DBN)

Texas official asks judge to void rules requiring COVID-19 tests for state Capitol visitors
(DBN)

Former top Oregon state lawmaker charged with solicitation in sting
(DBN)

Steyer paid settlements to 5 former campaign staffers
(DBN)

Tennessee measure honoring gay country star TJ Osborne blocked by Republicans
(DBN)

Poll: Plurality of voters say stricter laws needed to prevent voter fraud
(DBN)

Trump attorney, other allies launch voter fraud organization
(DBN)

Despite business warnings, GOP moves ahead with voting bills
(DBN)

Overwhelming majority backs US withdrawal from Afghanistan: poll
(DBN)

With few GOP allies left, Ted Cruz takes refuge at Mar-a-Lago with his former enemy Trump
(DBN)

Ideological divisions over cultural issues are far wider in the U.S. than in the UK, France and Germany
(DBN)

Kevin McCarthy FactCheck: Joe Biden is “going to control how much meat you can eat.”
(DBN)

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New Bankruptcy Opinions
(5 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (12 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (40 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:

Epiq: April New Bankruptcy Filings Continue Steady Increase Over COVID Lows
(DBN)

Chapter 11 bankruptcy filings in Greater Philadelphia drop as government aid reaches businesses
(DBN)

BK AZ: Updated Filing Statistics
(DBN)

______________

Constitution:

Fourth Circuit: Just Because Bankruptcy Laws Must Be Uniform Doesn’t Mean They Can’t Be Different
(DBN)

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Professional Compensation:

Kirkland and Weil's Fees in Chapter 11 Work Highlight Big Law Allure to Bankruptcy
(DBN)

____________

Bankruptcy Reform:

The Impact of Recent Amendments to the United States Bankruptcy Code on Lenders
(DBN)

____________

UST:

Mary Ida Townson Appointed U.S. Trustee for Region 21 Mary Ida Townson Appointed U.S. Trustee for Florida, Georgia, Puerto Rico and the U.S. Virgin Islands
(DBN)

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Venue:

Bankruptcy Shopping: Domestic Venue Races and Global Forum Wars
(DBN)

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Commodity Brokers:

CFTC Adopts New Bankruptcy Rules for FCMS and DCOS
(DBN)

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Safe Harbors:

A Recent Ruling that Shari’a Compliant Investment Agreements Do Not Qualify for Safe Harbor Treatment May Have Broader Implications
(DBN)

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Miscellaneous:

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

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

____________

Force Majeure:

Drafting and Enforcing Force Majeure Clauses in the Wake of COVID-19: Details Matter
(DBN)

____________

D&O:

D&O premiums rise 41% YOY in 2020; loss ratios hold steady
(DBN)

____________

Discharge:

Ignore the Court at Your Own Peril: First Circuit Affirms Denial of Discharge Based on Debtor’s Failure to Comply with Orders of the Bankruptcy Court
(DBN)

____________

Aviation:

Feds fine unruly and maskless airplane passengers as violent incidents increase
(DBN)

Boeing 737 Max Victims’ Families Renew Calls for FAA Firings
(DBN)

He faked a coronavirus certificate to fly to Argentina, officials say. He was infected all along.
(DBN)

PAL wants deal with creditors before filing for bankruptcy
(DBN)

Air France-KLM operating loss widens as European recovery lags
(DBN)

Qatar Airways Was Interested In Air India Four Years Ago
(DBN)

Why Big Latin American Airlines Chose Bankruptcy During Pandemic While U.S. Airlines Didn’t
(DBN)

____________

Tech:

Facebook upholds Trump ban but will reassess decision over coming months Facebook's Oversight Board issued a scathing criticism of the company for avoiding its responsibilities in suspending Trump with an 'arbitrary penalty' Facebook Oversight Board Rules Trump’s ‘Unfounded Narrative of Electoral Fraud’ Justified Initial Suspension, But Rebukes ‘Indefinite’ Ban Donald Trump won’t be coming back to Facebook anytime soon Trump Is a Problem Facebook’s Oversight Board Was Built Not to Solve The Facebook Ban Hurt Trump in Surprising Ways
(DBN)

'The Single Dumbest 'Legal Take' of All Time': Charlie Kirk Calls for Supreme Court to Get Trump Back on Facebook
(DBN)

Trump’s new communication tool is more like a blog
(DBN)

____________

Coal:

Vast majority of existing coal plants are more costly than wind or solar plants 80% Of U.S. Coal Plants Are Uneconomic As Renewables Costs Drop
(DBN)

____________

Finance:

PPP is out of money for most businesses ahead of planned May 31 closure
(DBN)

____________

Fraud:

Actor indicted in $227M Ponzi scheme involving film rights
(DBN)

Former N.J. Advisor Sentenced In $2M Ponzi Scheme
(DBN)

Elizabeth Holmes’s Lawyers Attack Prosecution’s Expert Witness Accuracy of Theranos blood tests at heart of Elizabeth Holmes’ criminal case
(DBN)

____________

Sovereigns:

Creditors call on Government of Belize to implement policies under the IMF program
(DBN)

____________

UK:

After 242 years it's goodbye, last Debenhams to close on May 15 End of an era for Debenhams as final shops set to close
(DBN)

UK retailers set out plan to tackle £3bn in rent arrears
(DBN)

Use Insolvency Experts To Tackle Covid Support Fraud
(DBN)

U.K. Poised to Allow Foreign Trips to Just a Handful of Places
(DBN)

Liberty Steel moves to restructure after Greensill collapse
(DBN)

____________

Canada:

Trudeau plan could 'exhaust' Canada's fiscal room: PBO
(DBN)

RCMP Officer Accused of Sexual Assault Has Been On Paid Leave for 16 Years
(DBN)

____________

Ireland:

Court overturns order making Sean Dunne repay €7,000 a month to creditors
(DBN)

____________

India:

Oxygen trains in India are racing to save patients amid growing crisis
(DBN)

India reports over 412,000 new Covid cases as court wades into oxygen crisis India hits another grim virus record as oxygen demand jumps
(DBN)

As COVID-19 rages in India, scientist warns further waves 'inevitable'
(DBN)

In COVID-Hit India, a 26-Year-Old Doctor Decides Who Lives and Who Dies
(DBN)

COVID in rural India poses parallel health care crisis
(DBN)

India’s central bank introduces relief measures to prop up a COVID-ravaged economy
(DBN)

India’s worsening Covid crisis could spiral into a problem for the world
(DBN)

Covid mutant variants in rampant outbreaks like India & Brazil mean ‘no one is safe’ as pandemic could last until 2024
(DBN)

____________

Japan:

This Japanese town was awarded $7.1m for Covid relief. So they bought a giant squid.
(DBN)

____________

Spain:

Madrid lawmaker who opposed lockdown restrictions wins election
(DBN)

____________

MENA:

Criteria published for registering as a bankruptcy expert in UAE
(DBN)

Egypt to close stores, restaurants early for 2 weeks to curb COVID-19
(DBN)

____________

Australia:

Insolvency reforms cause permanent increase to the statutory demand threshold
(DBN)

Further insolvency reform – schemes of arrangement
(DBN)

Real Property, Co-Owners, and Bankruptcy
(DBN)

Unfair preferences – DOCA defence by ATO unsuccessful
(DBN)

____________

Germany:

Germany looks to loosening lockdown as COVID-19 cases fall
(DBN)

Merkel Keeps Curfew Powers After Emergency Court Review
(DBN)

____________

France:

The challenges to reopening Paris’s famous café and bar scene
(DBN)

____________

Argentina:

Argentina’s Economy Buckles After Leader Puts Politics First
(DBN)

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