May 7, 2021

The Daily Bankruptcy News

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Law:

Sullivan & Cromwell's July 6 Reopening Plan Is Allegedly Not Mandatory
(DBN)

Ropes & Gray's Reopening Plan Puts An End To The 5-Day, In-Office Workweek For Associates
(DBN)

Reed Smith Sets September Office Return, Adds Flexibility
(DBN)

Clifford Chance gives green light to 50% homeworking
(DBN)

The Way Back: How Law Firms Are Planning for Post-COVID Office Life
(DBN)

Whoops, Once Again
(DBN)

UK: Firms shower staff with Covid thank you cash
(DBN)

Where You Need To Be Remote
(DBN)

Zoom’s Pandemic Boom Boosts Top Lawyer’s Pay Total Near $11M
(DBN)

Law Firms in Oil Country See Green in Renewable Energy Clients
(DBN)

There’s No Well-Being Without Inclusivity
(DBN)

FBI raid exposes Giuliani and signals widening criminal search, experts say Giuliani Raid Pushed by Prosecutors Doing Things the ‘Hard Way’
(DBN)

Giuliani Fires Multiple Staff Members to Cut Costs as Legal Bills Begin Mounting: Report
(DBN)

Trump Has Lost Key Defense in Tax Return Fight, Democrats Say
(DBN)

House Democrats Ask Judge to Order Donald Trump to Comply With Subpoena For His Personal Financial Documents
(DBN)

Trump Complains of ‘Massive Election Fraud’ in a State His Own Lawyers Never Touched After the 2020 Election
(DBN)

Sidney Powell Flushes Her 'Full Of Sh*t' Defense
(DBN)

Devin Nunes’s Attorney Sanctioned, Ordered to Pay CNN $21,000 For Filing ‘Frivolous’ Defamation Lawsuit
(DBN)

FBI still after 'worst of the worst' in Capitol riot as new arrests come at steady pace ‘F*ck All of You’: Alleged Capitol Rioter Faces Mental Health Examination After Screaming During Multiple Court Hearings DC Rioter Loses It in Court ‘Zip-Tie Guy’ from U.S. Capitol Siege is Asking a Judge’s Permission to Call His Congress-Storming Mom on Mother’s Day Swalwell attorney says pro-Trump lawmaker refuses to be served in Jan. 6 lawsuit
(DBN)

TX: Protesters Face Felonies if Blocking Traffic
(DBN)

Harvey Weinstein sues former attorney to recover $1 million
(DBN)

Immigration in Focus at High Level U.S.-Mexico Talks on Friday
(DBN)

Pastor And Wife Recovering After Attacker Bit Off Parts Of Their Ears, Gouged Their Eyes In Vicious Beating
(DBN)

Is being ‘Locked Up Abroad’ any worse than being locked up at home?
(DBN)

Ghislaine Maxwell ‘likely to cut plea deal but may face same fate as Epstein if his powerful pals find out’
(DBN)

Melinda Warned Bill About Jeffrey Epstein
(DBN)

Lawyer known as ‘DWI Dude’ gets prison time for swindling Colombian drug traffickers
(DBN)

Bonkers Law Firm Website: Fisherman's Friends
(DBN)

Denver Broncos OL Ja'Wuan James Could See His Salary Stricken For A Workout Gone Wrong
(DBN)

Connecticut Supreme Court to Decide if Gyms Discriminate Against Men by Setting Aside ‘Women Only’ Workout Areas
(DBN)

Home confinees face imminent return to prison
(DBN)

Sixth Grade Girl Shoots 3 at Idaho School
(DBN)

He Was Granted Parole After Serving 47 Years Behind Bars. Now the Prison Won't Let Him Leave.
(DBN)

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Judges:

Judge Can't Duck Sanctions For Touching Legal Assistant
(DBN)

Judge scolds construction worker for wearing T-shirt during virtual hearing while at work
(DBN)

Justice Thomas turns talkative in telephone arguments after years of mostly silence
(DBN)

Justice Barrett has aligned most often in argued cases with these 2 SCOTUS justices
(DBN)

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Wall Street:

Stock futures rise ahead of key April jobs report
(DBN)

Dow jumps 300 points to hit another record close ahead of key April jobs report
(DBN)

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Layoffs:

Commerzbank Signs Deal on Thousands of Job Cuts With Labor Reps
(DBN)

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Pharma:

Massachusetts sues Publicis over ties to Purdue Pharma, opioids
(DBN)

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Hotels:

Hotels: Occupancy Rate Down 17% Compared to Same Week in 2019
(DBN)

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Food/Beverage:

Yet another pandemic shortage is here: Chicken wing prices are soaring, forcing restaurants to adapt
(DBN)

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Autos:

Tesla Investor Dumps 11 Million Shares
(DBN)

How Far Can America’s Top 10 Cheapest Electric Cars Go On a Single Charge?
(DBN)

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Trucking:

Trucking companies seek to force Indianapolis brokerage into bankruptcy
(DBN)

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Utilities:

Results tally up billions in profit from Texas freeze for gas and power sellers
(DBN)

Texas lawmakers propose electricity market bailout after winter storm
(DBN)

California fire victims see little payout from settlement
(DBN)

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Retailing:

Coach owner Tapestry sees people gearing up for weddings and office work again
(DBN)

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Climate:

Top U.S. fund leader wants voluntary climate disclosure rules
(DBN)

China's emissions surpass all developed nations combined
(DBN)

EU Says Carbon Price Has to Be ‘Much Higher’ to Hit Climate Goal
(DBN)

U.S. SEC chair tells Congress he plans new rules on climate risk, trading
(DBN)

The world needs to dramatically cut methane emissions to avoid worst of climate change, UN says
(DBN)

Climate Adaptation Should Be a Public Good, Not an Asset Class
(DBN)

____________

Politics:

Trump Spawned a New Group of Mega-Donors Who Now Hold Sway Over the GOP’s Future
(DBN)

AP FactCheck: Who Won the Election?
(DBN)

McConnell Ducks & Dives From Questions About Removing Liz Cheney Pelosi slams GOP leadership's moves against Liz Cheney Liz Cheney told the truth — and torched her career MAGA World Pans Stefanik Liz Cheney Confronts a House of Cowards
(DBN)

Ohio state senator admits to driving with a fake background of his office during a Zoom call on the same day the legislature debated a bill penalizing distracted drivers
(DBN)

Caitlyn Jenner praises Donald Trump and says she's in favor of building 'the wall' in Sean Hannity interview
(DBN)

GOP Gov. DeSantis signs Florida election bill into law amid new controversy GOP Gov. DeSantis signs Florida election law while shutting out all media but Fox News Civil Rights Groups Sue Florida Leaders Over Alleged ‘Voter Suppression’ Bill Ron DeSantis Just Signed on Fox News Paper Slams DeSantis for 'Big Lie' Voter Law
(DBN)

Chicago suburb set to pay reparations, but not all on board
(DBN)

Texas AG Ken Paxton Unblocks Twitter Critics After Being Sued for First Amendment Violations
(DBN)

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Economy:

Jobless Claims Fall Below 500,000 for First Time Since COVID Pandemic Weekly Initial Unemployment Claims decrease to 498,000 Initial Jobless Claims Drop to New Post-Pandemic Low as Recovery Strengthens U.S. weekly jobless claims drop below 500,000; layoffs lowest since 2000
(DBN)

Fed warns about potential for 'significant declines' in asset prices as valuations climb
(DBN)

Steel prices have tripled. Now Bank of America is sounding the alarm
(DBN)

The global chip shortage is starting to have major real-world consequences
(DBN)

Goldman, Pimco Detect Irrational Inflation Mania in Bond Market
(DBN)

Wager on a Hawkish Fed Surprise at Jackson Hole is Now Huge
(DBN)

Traffic returns to NYC streets as pandemic recovery continues
(DBN)

April Employment Preview Goldman April Payrolls Preview
(DBN)

Majority back vaccine proof requirements for travel, schools and work
(DBN)

Biden says corporate tax rate should be between 25% and 28%
(DBN)

The 3 economic pledges that will shape Biden's $4 trillion bareknuckle fight over infrastructure
(DBN)

Final grants given in $687M COVID-19 business relief program
(DBN)

Teetering on the edge, small businesses get another lifeline
(DBN)

Yellen Faces U.S. Debt-Limit Dance, With Covid Complications
(DBN)

With 8 million Americans out of work, why are more companies not filling jobs?
(DBN)

DeSantis tells unemployed Floridians to start looking for a job
(DBN)

S.C. governor orders end to federal COVID-related unemployment benefits
(DBN)

There's a truck driver shortage, so one Texas company is offering experienced drivers $14K a week
(DBN)

Rideshare companies say driver shortage is pushing prices up
(DBN)

2021: The year of surprise shortages
(DBN)

U.S. Births decreased in 2020, "Lowest number of births since 1979"
(DBN)

The census shows the US needs to increase immigration — by a lot
(DBN)

Baseball lifts San Diego's spirits. Can it revive a pandemic-stricken U.S. economy?
(DBN)

The limits of "Buy American"
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

CDC Eviction and Foreclosure Moratorium Held Illegal
(DBN)

‘It’s very scary for renters right now’: Federal eviction ban at risk
(DBN)

COVID-19 Mortgage Servicing Trends Report
(DBN)

Las Vegas Real Estate in April: Sales up 89% YoY, Inventory down 70% YoY
(DBN)

Northwest Real Estate in April: Sales up 50% YoY, Inventory down 45% YoY
(DBN)

Denver Real Estate in April: Sales Up 29% YoY, Active Inventory Down 62%
(DBN)

New York’s Luxury-Rent Rebound Leaves London Homes in Doldrums
(DBN)

Kauai Real Estate Is So Hot Right Now, Buyers Are Snapping Up Homes Sight Unseen
(WSJ)

New York firm wins auction to buy Henry Ford Village out of bankruptcy
(DBN)

____________

Municipalities:

Assured Guaranty units sign on to another Puerto Rico debt restructuring pact
(DBN)

California’s economy dodged a Covid budget bullet thanks to tech, but flight risk is real
(DBN)

South Florida’s population growth slowed sharply last year as deaths surged and people moved away, Census data shows
(DBN)

____________

Oil/Gas:

Marathon Oil Ditches Corporate Jets While Doubling Debt Cuts
(DBN)

Big Oil Braces for Climate Votes as Investor Pressure Mounts
(DBN)

Oil heads for back-to-back weekly gain as commodities run hot
(DBN)

____________

Cruise Lines:

Norwegian Cruise sees plans for restarting U.S. sailing in July in jeopardy Norwegian Cruise Line CEO says U.S. ships are unlikely to sail this summer
(DBN)

CDC clears path for cruise lines to sail with volunteer passengers
(DBN)

____________

Student Debt:

Warren pushes Biden to forgive student debt as White House considers his legal authority
(DBN)

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Education:

Judson College Will Close
(DBN)

____________

Tax:

Brokers Raise Billions for Green Land Deals IRS Calls Tax Scams
(DBN)

____________

Sports:

Calls to Cancel Tokyo Olympics Grow Louder as Emergency Extended
(DBN)

____________

Maritime:

Seafarer Crisis Shows Signs of Worsening Amid India Virus Surge
(DBN)

____________

Healthcare:

Global COVID-19 death toll more than double official estimates - IHME True COVID-19 death toll is double the official numbers, study finds New Study Suggests 900,000 in US Died from Covid
(DBN)

WTO urges rapid start of vaccine talks after U.S. move
(DBN)

‘Turning the Corner’: U.S. Covid Outlook Reaches Most Hopeful Point Yet
(DBN)

CDC can consider lifting indoor Covid mask mandates now, former FDA chief says
(DBN)

The race to avoid a possible "monster" COVID variant
(DBN)

In dramatic shift, California COVID-19 hospitalizations are lowest since pandemic's start
(DBN)

Anti-vaxxers aren’t the cause of America’s dropping vaccine rates
(DBN)

Moderna slumps 11% as the vaccine-maker's Q1 revenue misses estimates
(DBN)

Moderna sees no impact on COVID-19 vaccine from potential patent waiver
(DBN)

U.S. Vaccine Patent Surprise Roils Pharma as WTO Debate Heats Up Why waiving vaccine patents might be a bad idea Biden agreed to waive vaccine patents. But will that help get doses out faster? Countries Need Covid Vaccines Now, and Patent Waivers Won’t Deliver Them Pharma Has Limited Legal Options If Vaccine Patents Are Waived Biden Ramps Up Pressure on Drugmakers With Vaccine-Patent Gambit
(DBN)

EU considers COVID vaccine patent waiver but Germany, drugmakers push back Mixed response in Europe to Biden's vaccine patents bombshell
(DBN)

Bald men are twice as likely to suffer severe Covid, experts warn
(DBN)

Trump signed off on last-minute Medicaid changes. Now Biden faces the legal challenges
(DBN)

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New Bankruptcy Opinions
(4 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (8 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (4 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:

Economic Distress, Bankruptcy Filings Remain Steady in Q1
(DBN)

______________

Standing:

Creditor Committees of Delaware LLCs Should Take Action to Preserve Derivative Standing
(DBN)

____________

UST:

Alabama & North Carolina — A Bankruptcy World Of Their Own (USA Sales v. U.S. Trustee)
(DBN)

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Proofs of Claim:

Bankruptcy Court Circumvents Midland Funding LLC v. Johnson by Awarding Debtor Attorney’s Fees
(DBN)

When Is Content of Bankruptcy Bar Date Notice Sufficient?
(DBN)

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Litigation Funding:

Litigation Funding for Bankruptcy Litigation Gets a Boost from Recent Appellate Decisions
(DBN)

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Finance:

Certain Debtors Are Now Eligible to Apply for PPP Loans
(DBN)

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Insurance:

The Intersection of Insurance and Bankruptcy – Part 2
(DBN)

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Aviation:

New Airline’s Plan for College Kids on Flights Gets Pushback
(DBN)

Bombardier bets on higher revenue as vaccine rollout boosts outlook for business travel
(DBN)

British Airways Parent Subdued on Travel Rebound as Losses Mount
(DBN)

Flight club! Another massive brawl breaks out at Miami International Airport 'over masks', one week after seven people fought over seats on a plane
(DBN)

Vaccine Tourism Is Driving LATAM’s Flyer Demand
(DBN)

Indian carriers risk consolidation, plane repossessions
(DBN)

Lufthansa unit Swiss International to cut jobs, planes and flights
(DBN)

____________

Tourism:

NYC Pitches Free Vaccines for Tourists in Bid to Expedite Post-Pandemic Recovery
(DBN)

Where Can You Fly Right Now? Americans Jet South to Caribbean Beaches
(DBN)

____________

Distressed Investing:

‘It Is Quite Spotty’: Apollo Sees Lack of Distress Persisting
(DBN)

____________

Fraud:

Elizabeth Holmes’s Courtroom Vacation Ends Elizabeth Holmes’ lavish lifestyle looms over Theranos fraud case
(DBN)

Baker Donelson and the timber mogul’s Ponzi scheme: a cautionary tale
(DBN)

____________

Telecoms:

The FCC Received 22 Million Comments on the Year of Vote to Repeal Net Neutrality. Nearly 18 Million Were Fake, Says New York’s Attorney General.
(DBN)

____________

Crypto:

Crypto investors should be prepared to lose all their money, BOE governor says
(DBN)

____________

Newspapers:

In a hedge fund's bid for Tribune's newspapers, a hidden risk lurks in the fine print
(DBN)

____________

UK:

The UK has sent gunboats to Jersey as France threatens to cut power to island in Brexit fishing row UK withdraws patrol boats from Jersey after post-Brexit fishing row
(DBN)

Blockades and ballots: A wild day in the post-Brexit U.K.
(DBN)

Key Brexit Clash Would Cost Euro Swap Traders $2.4 Million a Day
(DBN)

Greensill’s U.K. Creditors Set to Lose 80% After Firm’s Collapse
(DBN)

Grenfell cladding scandal sees leaseholders betrayed and facing ruin
(DBN)

____________

EU:

Two in five euro zone banks still in denial about bad loans: ECB's Enria
(DBN)

____________

Spain:

Street Parties, Confusion Loom as Spain Prepares to Exit Emergency State
(DBN)

Spain Tourist Arrivals Slump 76% in March, Recovery Still Far Off
(DBN)

____________

France:

France Widens COVID Vaccine Rollout to 16-17 Year Olds at High Risk of Major Illness
(DBN)

France’s debt pile is surprisingly high — but experts aren’t worried
(DBN)

____________

India:

COVID-19 spreads to rural India, villages ill-equipped to fight it
(DBN)

Covid Forecasters Warn India Deaths May Double in Coming Weeks
(DBN)

India reports over 400,000 daily cases for the third time in a week as second wave hammers country
(DBN)

Delhi's popular autorickshaws become COVID-19 ambulances
(DBN)

India sets new COVID world record as oxygen demand jumps seven-fold
(DBN)

____________

Japan:

Tokyo seeks extension of COVID-19 state of emergency until May 31
(DBN)

____________

Hong Kong:

Hong Kong Residents Revolt Against Covid-19 Quarantine Camp
(DBN)

____________

Germany:

Germany’s move to electric vehicles will affect thousands of workers, study says
(DBN)

____________

Malaysia:

Malaysian ex-PM Najib fined for breaking COVID-19 rules
(DBN)

____________

South Korea:

'Korea's credit default swap premium lowest since 2008 global financial crisis'
(DBN)

____________

MENA:

Pakistan to Spend ‘Bare Minimum’ $6 Billion to Boost Growth
(DBN)

____________

Australia:

Australia’s Borders May Not Open Until Late 2022, Minister Says
(DBN)

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