October 27, 2021

The Daily Bankruptcy News

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Law:

If Biglaw Firms Want Lawyers Back In The Office, They Better Make It Worth Their While
(DBN)

Law firms encourage workers to return to office with these perks
(DBN)

Biglaw's Throwing Around $500,000 Signing Bonuses In Red Hot Lateral Market
(DBN)

Law Firm For Sale
(DBN)

Top 20 Biglaw Firm Encourages Associates To Bill For Diversity Work And Community Service
(DBN)

Hunt for Girardi Keese assets leads to some unusual recoveries and Erika Girardi appeal
(DBN)

Consumers increasingly desire remote legal services, Clio CEO says
(DBN)

Here are your options for secure real-time chat with your legal team
(DBN)

Emojis help make one case and destroy another; corruption defendant used winking emojis
(DBN)

Lawyer Takes Day Off, Cuts Hair, Marries Princess
(DBN)

Temporary Win For Vermont Law School's Right To Veil
(DBN)

Your 'Liberal' Law Professors?
(DBN)

Retired prosecutor, disbarred for withholding evidence, says law practice is ‘a screwed-up obscenity’
(DBN)

Did pandemic make jurors more skeptical of scientific evidence? Some see a change
(DBN)

Lawyer Disbarred After Asking Colleague To Lie About Sexual Assault
(DBN)

At least five former Trump White House staffers are talking to the House January 6 committee Jan. 6 Witnesses Spilling Their Guts Mo Brooks says he would 'be proud' if staff helped organize Jan. 6 rally Rep. Mo Brooks shifted blame onto his staff after he was accused of helping to organize the January 6 Capitol rally Biden's refusal of executive privilege claim ignites new firestorm with Trump Jan. 6 Rioter Accused of Attacking Officer Michael Fanone Can Go Home, But Can't Watch Political Talk Shows: Judge Marjorie Taylor Greene is now trying to justify the January 6 riot Marjorie Taylor Greene defends Jan 6 as ‘just a riot’ and insists Declaration of Independence says ‘to overthrow tyrants’ Marjorie Taylor Greene and the Right’s Creeping Embrace of Revolution
(DBN)

Hollywood's rules were broken if "Rust" assistant director handled the gun before deadly shooting, armorer says ‘Rust’ actor says filming felt ‘life-threatening,’ raised fears of Brandon Lee-style death There’s no denying Alec Baldwin’s role in on-set shooting tragedy ‘Rust’ producers hire lawyers after fatal on-set shooting
(DBN)

Terrifying Ring Camera Video Shows Cops Raiding Wrong Apartment at Gunpoint
(DBN)

Police arrest 150 in joint US-Europe dark web sweep
(DBN)

Investigators confused Brian Laundrie's mother for him while watching their home, police reportedly acknowledge
(DBN)

Chicago-area hospital workers sue over vaccine mandate, citing religious objections
(DBN)

Antifa Boogeyman Rears Head During Jury Selection in Charlottesville White Supremacist Trial
(DBN)

Judge Won’t Let Prosecutors Say Kyle Rittenhouse Killed 'Victims,' Will Allow Defense to Call Them 'Looters' and 'Arsonists' if Warranted
(DBN)

Anti-Chevron Crusader Steven Donziger Denied Reprieve, Says He Must Report to Prison Within a Day
(DBN)

Texas Professor Allegedly Fired After Tweet About Mike Pence's 'Little Demon Mouth' Files First Amendment Suit Against College
(DBN)

Florida AG's Staff Called Texas AG Ken Paxton's Lawsuit to Overturn Other States' Election Results 'Batsh*t Insane'
(DBN)

Judge Rules Loudoun County Male Teen Wearing Skirt Sexually Assaulted Female Student in Girls’ Bathroom
(DBN)

Arizona Dad Said He Placed Weeks-Old Infant in Bathroom Sink and Left the Water Running, 'Observed' YouTube Video in Failed Attempt to Save Her: Cops
(DBN)

13-Year-Old Charged with Murdering 'Kind-Hearted' Woman at Her Home
(DBN)

Mother, Boyfriend Charged in Gruesome Child Abandonment Case
(DBN)

Three Teenagers Ambushed, Murdered 18-Year-Old with Sword Over Romantic Squabble
(DBN)

The 10 US states with the most hate groups
(DBN)

Gun Rights Group Backs Abortion Providers Over Texas Ban
(DBN)

Conservatives sound like anti-racists - when the cause is gun rights
(DBN)

Prince Andrew says Epstein deal releases him from assault claim
(DBN)

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Judges:

Senate Democrats blast Supreme Court on one-year anniversary of Barrett's confirmation
(DBN)

Judiciary plans new financial disclosure system to identify conflicts
(DBN)

Judiciary Takes Action to Ensure High Ethical Standards and Transparency
(DBN)

The Supreme Court Fix We So Desperately Need
(DBN)

Biden Court Picks Fast-Tracked as Democrats Follow GOP Playbook
(DBN)

Supreme speed: The court puts abortion on the rocket docket
(DBN)

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Wall Street:

Stock futures are mostly flat after Dow, S&P close at records
(DBN)

Trump stocks plunge after ex-president touts social media plans
(DBN)

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Layoffs:

 

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Cruise Lines:

CDC extends Covid restrictions for cruise ship industry into January
(DBN)

Despite the industry’s successful restart, the pandemic has claimed another cruise line
(DBN)

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Food/Beverage:

First Watch CEO says its 'no night shifts ever' model has helped it staff up as other restaurant chains struggle to find workers
(DBN)

Sweetgreen Warns of Worker Strife and Layoffs Over Covid Vaccine
(DBN)

Coca-Cola earnings top estimates as consumers drink more beverages away from home
(DBN)

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Autos:

Strategies for Success in the Hertz Chapter 11 Case
(DBN)

Doomed to fail? How carmakers' climate vows fall short - and who's to blame
(DBN)

General Motors wants to help build 40,000 electric vehicle chargers in the US
(DBN)

GM to resume limited production at EV plant in Michigan
(DBN)

Drivers Are Interested in Electric Cars. Dealers Don’t Know How to Sell Them
(DBN)

Hertz’s $4.2 billion deal to buy 100,000 Teslas created $119 billion in stock market value Hertz teams with Uber, Carvana in another shift to EVs
(DBN)

Tesla Joins Trillion-Dollar Club As Electric Vehicles Advance
(DBN)

Tesla's Constant Price Hikes Are Getting Out Of Hand
(DBN)

____________

Coal:

Coal Piles Drop to 24-Year Low at U.S. Utilities on Demand Surge
(DBN)

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Mass Torts:

Judge in J&J talc liability bankruptcy may kick case out of North Carolina Bankruptcy judge resists J&J’s move to resolve 35,000 talc lawsuits in Charlotte; Transfer to NJ pending
(DBN)

When juror misconduct doesn’t matter: opioid MDL edition
(DBN)

J&J strikes $297 million Texas-specific opioid settlement
(DBN)

USA Gymnastics moves closer to settlement with Nassar abuse survivors USA Gymnastics to send plan to resolve sex abuse claims to a vote
(DBN)

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Sports:

Creditors on the odds that Sinclair's regional sports network group will enter bankruptcy
(DBN)

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Climate:

Majority in US concerned about climate, blame oil firms: polls New poll shows Americans are becoming increasingly concerned about climate change
(DBN)

Biden plan expected to include at least $500B for climate
(DBN)

Congress' investigation of fossil fuel companies is only the beginning
(DBN)

New York and New Jersey under state of emergency as nor’easter strikes Nor'easter slams East Coast with flooding rain and powerful winds
(DBN)

CA: Historic Downpour Interrupts Drought
(DBN)

French Bank Watchdogs Criticize Climate Pledges as Vague
(DBN)

Climate Change Risks Shrinking African Economies 30% by 2050
(DBN)

At McKinsey, Widespread Furor Over Work With Planet’s Biggest Polluters
(DBN)

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Retailing:

U.S. Retail Lobby Sends S.O.S. to Congress on Supply-Chain Chaos
(DBN)

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Environmental:

Bankruptcy Is a Well-Appointed Fallout Shelter for Corporations
(DBN)

When Bankruptcy Law and Environmental Law Collide: Maryland District Court Holds That Confirmed Chapter 11 Plan Discharged Cleanup Costs Without Any Payment
(DBN)

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Economy:

Nearly 2 in 3 women who left the workforce during Covid plan to return
(DBN)

U.S. consumer confidence improves in October after three straight declines
(DBN)

The Bond Market Says Inflation Will Last. You Should Be Listening.
(DBN)

Higher prices are the new norm, with no end in sight
(DBN)

Former Obama Economic Chief: Inflation is Here to Stay
(DBN)

Cramer says to look at corporate earnings to understand inflation debate
(DBN)

Sanders draws red lines on Medicare expansion, drug pricing plan in spending bill Biden to host lawmakers as negotiations over agenda hit critical stage Manchin objects to IRS bank-reporting proposal Manchin Opposes Bank Reporting to IRS as Democrats Scrounge for Dollars Pelosi implores Democrats to 'embrace' emerging deal Pelosi Says Democrats at Decision Point on Biden’s Economic Plan
(DBN)

Democrats Set to Unveil Billionaire Levy in Drive for Tax Deal
(DBN)

Elon Musk rips Democrats' billionaire tax plan that could slap him with a $10 billion annual bill
(DBN)

Democrats’ New Tax Target Is $5 Trillion in Billionaire Wealth
(DBN)

Mitt Romney says a billionaire tax will push the rich to buy paintings or ranches instead of stocks
(DBN)

Democrats Unveil Corporate Minimum-Tax Option as Talks Drag On
(DBN)

Manchin backs raising debt ceiling with reconciliation if GOP balks
(DBN)

Hyperinflation warnings are ‘totally ridiculous’: Economist David Rosenberg
(DBN)

Former Fed Chair Alan Greenspan warns high inflation isn't going away soon as 'other forces at play'
(DBN)

Industrial giant 3M to hike prices as inflation, logistics woes bite
(DBN)

Lockheed tumbles 10% as supply chain woes hammer forecast
(DBN)

Immigrants could fix the US labor shortage
(DBN)

Energy squeeze will trigger social unrest, Blackstone's Schwarzman says
(DBN)

Supply-chain disruptions cause some people to panic shop again — but they're looking beyond toilet paper
(DBN)

New EEOC guidance focuses on religious exemptions from vaccine mandates
(DBN)

Biden Turns Focus Toward Fed Vacancies as Powell’s Tenure Wanes
(DBN)

A Deep Dive Into Squid Game's World of Inequality
(DBN)

The U.S. May Need Another 1 Million Truck Drivers Over the Next Decade
(DBN)

The Return to the Workplace Means New Rules for Office Dressing
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Case-Shiller National Index up Record 19.8% Year-over-year in August; The Deceleration is coming New Home Sales Increase to 800,000 Annual Rate in September U.S. new home sales hit six-month high; median price stays above $400,000 New Home Sales Up By 14% In September, Says Census Bureau New Home Sales: Record 106 thousand homes have not been started
(DBN)

U.S. home price growth slowed in August- S&P Case-Shiller Home prices in August hinted at possible cooling in the market, S&P Case-Shiller says
(DBN)

GM to resume limited production at EV plant in Michigan
(DBN)

Commercial Real-Estate Sales and Values Surge to Records
(WSJ)

Zillow’s Zeal to Outbid for Homes Backfires in Flipping Fumble
(DBN)

Zillow Case-Shiller House Price Forecast: September Price Growth Will Remain Strong
(DBN)

A last-minute bankruptcy filing aims to block auction of ‘The One’ mega-mansion
(DBN)

Missouri Landlord 'Viciously Stabbed' Tenant More Than 30 Times in Front of Fiancée Over Complaint About Lack of Heat: Cops
(DBN)

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Municipalities:

Judge Laura Taylor Swain: On the Radar, Chapter
(DBN)

Puerto Rico debt-restructuring bill advances amid criticism
(DBN)

Puerto Rico’s Plan of Adjustment in peril, we all face unknown journey
(DBN)

The Days of the Puerto Rico Bankruptcy are Numbered
(DBN)

‘Gradually, Then Suddenly: The Bankruptcy Of Detroit’ Wins $200K Library Of Congress Lavine/Ken Burns Documentary Prize
(DBN)

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Oil/Gas:

Seadrill nets court approval to cut debt, exit bankruptcy
(DBN)

Climate reckoning for oil and gas CEOs
(DBN)

A Global Oil Shortage Is Inevitable
(DBN)

The Oil Bulls Are Running Riot
(DBN)

Toxic Fracking Water Seeping into Calif. Groundwater
(DBN)

Charts suggest oil prices may peak soon, Cramer says
(DBN)

Oil edges up to new multi-year highs on short supply U.S. oil futures post another finish at the highest since 2014
(DBN)

Third-Quarter Profits to Sparkle for Shale Producers Without Hedges
(DBN)

Dutch pension giant spurns fossil fuels as funds shift before COP26 One of world’s biggest pension funds to stop investing in fossil fuels
(DBN)

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Fraud:

Luckin Coffee reaches $175 million class action settlement over accounting fraud
(DBN)

How Elizabeth Holmes Lured Rich Families to Back Theranos Theranos investor Betsy DeVos was misled by Elizabeth Holmes, representative testifies
(DBN)

Ex-Hedge Fund Trader Swindled Millions After 2019 Industry Ban, SEC Says
(DBN)

Former Georgetown tennis coach pleads guilty to accepting admissions bribes
(DBN)

____________

Religion:

Camden diocese boosts fund for clergy sex abuse claims, but still faces criticism
(DBN)

North Texas congregation files for bankruptcy protection over ACNA’s ‘scorched-earth tactics’
(DBN)

Pastors Who Maintain Trump is Still President
(DBN)

____________

Debt Collection:

Judge Denies Defendant’s Motion in FDCPA Bankruptcy Case
(DBN)

____________

Healthcare:

Colorado hospital bounced back after being on brink of bankruptcy, closure
(DBN)

Stacey Abrams group donates $1.34M to wipe out medical debts
(DBN)

Federal judge rejects Southwest Airlines pilots’ request to block vaccine mandate
(DBN)

Louisiana lifts mask mandate except for some schools
(DBN)

October 26th COVID-19: 30 Days till Thanksgiving; Need to Get Daily Cases Down Before Holidays
(DBN)

Birx testifies that Trump’s White House failed to take steps to prevent more virus deaths Birx: Trump White House could have reduced COVID deaths by 30 to 40% Brix: Trump Only Cared About the Election
(DBN)

Vaccines for Young Kids May Be Coming. An Expert Explains Why That Matters.
(DBN)

Kids under 12 could soon get vaccinated against COVID-19 — Here are answers to 5 key questions for parents
(DBN)

Pediatric Covid Hospital Visits Plunge in U.S. as Schools Reopen
(DBN)

Pfizer Covid Vaccine for Younger Kids Wins FDA Panel's Backing
(DBN)

CDC says some immunocompromised people can get fourth COVID shot
(DBN)

Moderna to supply African Union with up to 110 million doses over the next year
(DBN)

____________

Politics:

Confidence in Biden's ability to rescue economy from pandemic slips: poll
(DBN)

NRCC poll shows GOP in the lead over Democrats to retake House
(DBN)

Manchin jokes on party affiliation: 'I don't know where in the hell I belong'
(DBN)

2020 dented American trust in local government, Gallup poll finds
(DBN)

Senator Brown Sees Biden Unveiling ‘Slate’ of Fed Nominations
(DBN)

'I'm Gonna Put a Bullet in You': Man Arrested for Alleged Death Threat Against Rep. Matt Gaetz
(DBN)

Trump stars in both sides' ads
(DBN)

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New Bankruptcy Opinions
(6 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 (11 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)

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Bankruptcy Policy:

Who extracts the benefits of big business bankruptcy?
(DBN)

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Cross-Border:

Mexican Grupo Posadas contemplates a rapid bankruptcy process
(DBN)

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Construction:

Preference Claims, Clawbacks in Bankruptcy Can Disrupt a Construction Project
(DBN)

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Mediation:

Study: Effectiveness Of Deadlines For Responding To Offers
(DBN)

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Art:

Mitigating Bankruptcy Risk to Artwork Consignments in the United States
(DBN)

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Accounting:

Global Accountants' Liability Update – October 2021
(DBN)

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Aviation:

Southwest Air’s Vaccine Mandate Allowed to Proceed During Pilots Union Case
(DBN)

Avianca Requests U.S. Court to Confirm Reorganization Plan Avianca Will Be a U.K. Company If Judge Approves Reorganization
(DBN)

Latam Airlines will reduce costs and emissions during bankruptcy Latam willing to accept a mediator to advance its bankruptcy plan
(DBN)

Government Prepares to Takeover Garuda Indonesia Routes if it Declares Bankruptcy Stakeholders urged to help salvage Garuda Indonesia from bankruptcy
(DBN)

Airfreight is Latin American aviation’s real pandemic winner
(DBN)

Australian border openings boost demand for flights
(DBN)

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Personal Finance:

Financial abuse is alarmingly prevalent in Gen Z relationships
(DBN)

Boomerang boomers: the over-50s moving back in with their parents
(DBN)

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Education:

GOP Demands Justice Department Back Off Threat To Protect School Board Members From Violent Mobs
(DBN)

College enrollment notched the largest two-year decline in 50 years, due to Covid
(DBN)

Study: Fear of debt keeps Latinos out of college
(DBN)

TX: Court: Long Haired Boys Can Go to School
(DBN)

____________

Celebs:

Anderson Cooper admitted he posed as his mom's fake assistant on Instagram for 3 years to sell her artwork
(DBN)

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Tech:

Upsolve is trying to convince Americans that bankruptcy is a core part of their identity
(DBN)

The Facebook Papers: A bulleted guide to the biggest revelations from troves of leaked documents
(DBN)

Nobel Winner Maria Ressa Demands Laws to Fix Facebook’s ‘Bias Against Facts’
(DBN)

Chip Lead Times Begin to Slow, Suggesting Shortages Have Peaked
(DBN)

____________

Crypto:

FDIC Is Preparing Guidance on Banks and Crypto
(DBN)

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Sovereigns:

The Duty of Creditors to Cooperate in Sovereign Debt Workouts
(DBN)

____________

UK:

Toxic debt held by 52% of all businesses as money owed increased by £1.9tn in 2020
(DBN)

Security for settlement? A petitioning creditor’s prerogative
(DBN)

UK finance minister to outline spending plans for a ‘new economy post-Covid’
(DBN)

'I cried for weeks': Cladding victims face bankruptcy after being told flats are 'valueless'
(DBN)

U.K. Serious Covid Cases Hit Levels Last Seen in March
(DBN)

Rishi Sunak tries to have it both ways as UK budget looms
(DBN)

Ditch ‘impractical and potentially dangerous’ vaccine passport plans, Government told
(DBN)

UK Brexit minister hints at light-touch checks on EU imports
(DBN)

____________

EU:

ECB expected to hold steady as economy slows and inflation soars
(DBN)

____________

Italy:

Italy seeks EU approval to stay in MPS for "years" - source
(DBN)

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Belgium:

Beer Flows in Brussels as Local Covid Rules and Border Measures Fall
(DBN)

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India:

Adding Mediation to India's Corporate Resolution Process
(DBN)

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China:

Evergrande’s crisis puts Hong Kong-China debt restructuring accord to the test before ink runs dry on pilot agreement China Evergrande expects to deliver 32 projects in Pearl River Delta by end-2021 - local media Evergrande owes its creditors over $500 million that is due by the end of the year. Here's a breakdown of the payments it needs to make Is Evergrande China’s Lehman Moment? After Evergrande, other Chinese enterprises are on the verge of bankruptcy China Urges Hui to Tap Wealth; Firms to Repay: Evergrande Update
(DBN)

China developers propose offshore debt maturity extension, restructuring to regulators - sources
(DBN)

Ted Cruz will lift his confirmation blockade for Biden’s ambassador to China
(DBN)

US backs Taiwan's participation in UN
(DBN)

Top general: China's hypersonic missile test "very close" to a "Sputnik moment"
(DBN)

____________

MENA:

Biden administration objects to Israeli settlements plan
(DBN)

____________

Mexico:

Mexican hotel chain Grupo Posadas files for Chapter 11 in U.S.
(DBN)

Mexico Sends Troopss Into Tulum After Shootout Kills Two Tourists
(DBN)

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Australia:

Fake art victim chases defacto as fraudster claims bankruptcy
(DBN)

Insolvency Statistics Update – No Insolvency Tsunami (Yet…)
(DBN)

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Cayman Islands:

Legal changes made to attract insolvency work
(DBN)

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Vietnam:

New financial support package to create new momentum for business recovery
(DBN)

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Cambodia:

Woman dead after assault by creditor
(DBN)

Authorities rescue captive Vietnamese from creditors
(DBN)

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Brazil:

Brazil senators vote to recommend criminal charges for Bolsonaro
(DBN)

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Sweden:

Swedish Covid Death Toll Crosses 15,000
(DBN)

____________

Malaysia:

Govt to review laws on bankruptcy Govt to review bankruptcy laws, remove stigma
(DBN)

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