September 22, 2021

The Daily Bankruptcy News

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Law:

The Global 100: The Richest Law Firms In The World (2021)
(DBN)

Simpson Thacher Won't Delay Its U.S. Office Reopenings, But Adjusts Its Face-Time Expectations For Attorneys
(DBN)

Greenberg Traurig Continues Expansion of Global Restructuring & Bankruptcy Practice; Adds Brian E. Greer in New York
(DBN)

When Name Partner Asks Are You 'Banging Her Yet?' Well, You Might Have A Problem
(DBN)

New findings published on law school debt
(DBN)

Florida Bar Exam Passage Rates Fall With July Online Test
(DBN)

July 2021 Florida Bar Exam Results: Florida International Is #1 For 7th Year In A Row
(DBN)

Next Up On Netflix: Biglaw And All Of Its Partner Track Drama
(DBN)

Waving Assault Rifles At People Isn't Good For Your Law License
(DBN)

Murdaugh faces new lawsuit alleging 'whisper campaign' to protect son
(DBN)

Trump lawyer offered six-point plan for Pence to overturn election: book
(DBN)

Trump Sues NYT and Niece • Trump sues New York Times and his niece over tax report
(DBN)

Eric Trump's lawyer drops him as client in Trump Org fraud suit: report
(DBN)

Trump Campaign Knew Lawyers’ Voting Machine Claims Were Baseless, Memo Shows
(DBN)

Giuliani's ego may have prevented more Trump chaos -- here's how: CNN analyst
(DBN)

Federal officer arrested at Capitol rally won't be charged • U.S. Capitol Police Officer Fell Down Stairs After Kansas Man 'Pushed Him with Aggressive Force' on Jan. 6: Feds
(DBN)

Huge hack reveals embarrassing details of who’s behind Proud Boys and other far-right websites
(DBN)

No charges filed after twin boys were found dead in vehicle outside day care
(DBN)

U.S. says 4,000 Haitian migrants moved from border, four more flights planned -Mayorkas • U.S. preparing to nearly double deportations to Haiti • Schumer: Deportation of Haitian asylum-seekers "defies common sense" • Mayorkas vows 'dramatic results' in coming days on Haitian migrants
(DBN)

By the numbers: Haitian emigration
(DBN)

Officials: Many Haitian migrants are being released in US
(DBN)

Mayorkas says he was 'horrified' by images of horse-mounted Border Patrol agents confronting Haitian migrants • Biden Reacted With Horror to Video of Border Agents, Aide Says
(DBN)

Haitian journey to Texas border starts in South America
(DBN)

Options shrink for Haitian migrants straddling Texas border
(DBN)

U.N. concerned at U.S. pushbacks of migrants who may need asylum
(DBN)

Biden Asks Court to Let Him Scrap Trump’s Remain-in-Mexico Rule
(DBN)

Biden administration targets ransomware payment 'enablers'
(DBN)

Hundreds of female athletes call on Supreme Court to uphold abortion rights • DOJ urges Supreme Court not to overturn Roe v. Wade
(DBN)

Texas Gov. Greg Abbott signs bill limiting abortion-inducing pills • Texas governor signs more abortion restrictions into law
(DBN)

Texas Abortion Doctor Lawsuits Filed by Allies May Go Nowhere
(DBN)

House Oversight Committee to examine states' efforts to restrict abortion access
(DBN)

What it’s like to seek an abortion in Texas right now
(DBN)

More than 50 companies sign letter opposing Texas abortion law
(DBN)

Two GOP operatives indicted for allegedly routing money from Russian national to support Trump campaign
(DBN)

Search for Brian Laundrie resumes in Fla. reserve a day after authorities called it off
(DBN)

Never Talk To Or Trust The Police
(DBN)

Billionaire Leon Black accused of raping woman in Jeffrey Epstein's mansion in 2002, according to court documents
(DBN)

Gas station clerk murdered for asking a customer to wear a mask
(DBN)

Amid proposals for travel vaccine mandates, is there a right to unfettered travel in the U.S.?
(DBN)

Investigators Reveal Last ‘Odd Text’ from Gabby Petito’s Phone in Warrant Application to Search a Hard Drive in Her Van • Petito family's lawyer confirms body found in Wyoming has been identified as Gabby Petito • Coroner Confirms Gabby Petito Was Found Dead in Wyoming and Initially Rules Her Death a Homicide, FBI Says
(DBN)

Illinois professor charged with hate crime after he allegedly spat on Black woman, used N-word
(DBN)

2 dead after man jumps from N.Y. building and hits another man
(DBN)

‘The world is looking at us’: Minneapolis puts 'defund the police' to a vote
(DBN)

Bill Gross Offers Olive Branch in Yearlong Feud With Neighbor
(DBN)

Stanley Ford Found Guilty of Murdering 9 Neighbors in Separate House Fires
(DBN)

FBI director: Domestic terrorism cases have surged since 2020
(DBN)

______________

Judges:

Supreme Court Approval Drops as New Term Brings Divisive Issues
(DBN)

______________

Wall Street:

Stock futures rise ahead of Federal Reserve update
(DBN)

Market rebound attempt fails as Dow closes in the red on Tuesday
(DBN)

Dip Buying Returns as Retail Investors Pounce on Market Drop
(DBN)

______________

Student Debt:

Schumer calls on Biden to cancel $50,000 in student debt for all
(DBN)

_____________

Pharma:

Opioid prescriptions fell over past decade while drug overdose deaths climbed: AMA report
(DBN)

18 million Americans can't afford needed medications
(DBN)

____________

Gig Economy:

California court rules delivery drivers can sue over treatment as contractors instead of employees
(DBN)

____________

Personal Finance:

Job hunters are putting their vaccination status on LinkedIn and on their résumés. Should you?
(DBN)

____________

Climate:

The American West's drought isn't a disaster. It's our new, permanently arid normal.
(DBN)

Carney Says Net-Zero Plan to Be ‘Norm’ for Public Companies Soon
(DBN)

Corporate Bosses Called Out for Making Hollow Climate Pledges
(DBN)

Biden Urges Global Action on Climate and Doubles U.S. Pledge • Biden’s New Climate Pledge Wins Praise From Environmentalists
(DBN)

UN Chief Warns World Is Facing ‘Dead End’ Over Climate, Covid
(DBN)

Biden calls for additional boost for climate financing for developing countries
(DBN)

John Kerry says U.S. can recover from Trump’s ‘sheer idiocy’ on climate change
(DBN)

Bill Gates says U.S. political divide will hurt fight against climate change
(DBN)

China vows end to building coal-fired power plants abroad
(DBN)

China, US unveil separate big steps to fight climate change
(DBN)

ECB Says Ignoring Climate Change May Decimate Europe’s Economy
(DBN)

A Warning Sign of a Mass Extinction Event Is on the Rise, Scientists Say
(DBN)

____________

Healthcare:

September 21st COVID-19: 7-day average deaths is the highest since February
(DBN)

‘Soul-crushing’: US COVID-19 deaths are topping 1,900 a day
(DBN)

WHO reports global decline in new COVID-19 cases
(DBN)

Major Idaho Hospital System Says 70% of ICU Patients Have Covid
(DBN)

'I'm a firm believer in science, but I'd still like to wait': Pfizer's vaccine results for kids might not lead to quick vaccinations
(DBN)

Almost all San Francisco-area residents have received at least one COVID-19 vaccine dose
(DBN)

Poll: Roughly 20 percent of voters say pandemic will never be over
(DBN)

New Covid variant found in Kentucky nursing home has deadly mutations that could evade virus antibodies
(DBN)

CDC: Delta outbreak infects highly vaccinated prison population, few hospitalized
(DBN)

Family urges others to get vaccinated after bride-to-be dies of covid: 'Misinformation killed her'
(DBN)

Biden Plans Donation of 500 Million Pfizer Shots, Doubling Goal
(DBN)

FDA Is Expected to Decide on Pfizer Booster Shots on Wednesday • Dr. Gottlieb says CDC may soon offer greater clarity on who will be eligible for Covid boosters
(DBN)

Health care profits for me, but not for thee
(DBN)

Eric Trump to speak at conference led by prominent anti-vaxxers
(DBN)

How almost 200,000 people will get their medical debt paid off
(DBN)

____________


Economy:

Roubini Says He’s ‘Dr. Realist’ by Warning of Global-Debt Trap
(DBN)

The Fed will try to soothe markets Wednesday, while preparing investors for end to bond buying
(DBN)

70% of millennials are living paycheck to paycheck, more than any other generation
(DBN)

How families with up to $50,000 in income have used the child tax credit checks
(DBN)

How the Child Care Crisis Became a Global Economic Fiasco
(DBN)

They Never Could Work From Home. These Are Their Stories.
(DBN)

U.S. Small Businesses Rethink Reopenings Amid Health Toll
(DBN)

The Fed likely will wait until November for taper announcement, CNBC survey indicates
(DBN)

Jamie Dimon warns it’s possible the Fed could be forced into a sharp move next year
(DBN)

AOC says ending federal unemployment benefits was 'based on fantasy, not data'
(DBN)

U.S. current account deficit widens to 14-year high in second quarter
(DBN)

Berenberg’s Levy Says Stop Worrying So Much About Fed Tapering
(DBN)

Google is doubling down on returning to the office with a $2.1 billion deal for a building in NYC
(DBN)

High Quits Rates, Poaching: U.S. Firms Are Plagued by Turnover
(DBN)

States embrace vaccine mandates despite potential worker exodus
(DBN)

Amazon has given cars or $100,000 cash to eight workers for getting vaccinated
(DBN)

4 leading public-health experts describe what it would take for them to fully return to normal life
(DBN)

Congress could cost Americans $15 trillion and 6 million jobs if it doesn't raise the debt ceiling, Moody's says • Senior Republican Dismisses Default Risk, Says Treasury Can Act • House passes bill to avoid shutdown, suspend debt limit — but it faces hurdles with deadlines near • House Vote Sends Debt-Limit, Government Funding Bill to Senate • The Democrats' debt dilemma • Democrats Pursue Doomed Debt Move, With Emergency Option in Hand • House Democrats plan Tuesday vote to avoid government shutdown, lift debt limit in showdown with Republicans • Progressives Threaten Debt-Ceiling Bill Over Funds for Israel • Mitch McConnell Doesn't Get the Point of the Debt Limit • Democrats to nix $1B for Israel's Iron Dome from bill to avert shutdown • Congress keeps playing chicken with a rule that could torpedo the economy. Here's what the debt ceiling is - and why it's so dangerous
(DBN)

Here's how a government shutdown would disrupt Washington and beyond
(DBN)

More centrist Democrats question size and scope of $3.5 trillion economic package • Pelosi tells Democrats to prepare for "adjustments" to spending plan
(DBN)

House Democrats Risk Rift by Teeing Up Infrastructure Vote First
(DBN)

Democrats are holding the first hearing in 23 years on a measure to lift the elderly and disabled out of poverty
(DBN)

Birth rates declined to 'unusually low' rate during pandemic winter: Census Bureau
(DBN)

The U.S. Is Losing the Global Race to Decide the Future of Money—and It Could Doom the Almighty Dollar
(DBN)

Prime Age Participation Rate
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

Housing Starts increased to 1.615 Million Annual Rate in August • U.S. Housing Starts Rose by More Than Forecast in August • August housing starts better than expected • Comments on August Housing Starts
(DBN)

Multi-family housing segment boosts U.S. homebuilding in August
(DBN)

Warren, Bush offer bill to give HHS power to impose eviction moratorium
(DBN)

Mortgage Borrowers’ Credit Scores Reached a Record in Pandemic
(DBN)

Single-Family Home Rents Post Biggest Gain in More Than 16 Years
(DBN)

____________

Municipalities:

Puerto Rico to raise minimum wage for 1st time in 12 years
(DBN)

____________

Oil/Gas:

U.S. oil and gas leasing report coming soon, administration official says
(DBN)

US Taxpayers to Clean Up Abandoned Wells
(DBN)

Shell's Climate Bait and Switch Routine
(DBN)

ConocoPhillips CEO Sees Pre-Covid Oil Demand Returning in Months
(DBN)

The US isn’t ready for clean energy
(DBN)

German Auto Giants Bet on Hydrogen
(DBN)

____________

Education:

Kentucky schools overwhelmingly keep mask mandates after Republicans scrapped state requirement
(DBN)

Connecticut Governor Says State Will Extend School Mask Mandate
(DBN)

Refusing To Be Known As Just The Racist School District, Antivax Added To The Mix
(DBN)

Charter schools boomed during the pandemic
(DBN)

Education Department investigating Texas mask mandate ban
(DBN)

____________

Food/Beverage:

A couple wore masks inside a Texas restaurant to protect their newborn son. The owner kicked them out.
(DBN)

____________

Mass Torts:

Honeywell, Asbestos Victims Battle Over $2.3 Billion in Claims • Honeywell Sues Its Own Asbestos Bankruptcy Trust Over Payments to Mesothelioma Victims
(DBN)

Boy Scouts Press Ahead With Chapter 11 Bankruptcy Plan
(WSJ)

Boy Scouts plaintiffs' lawyers call for breakdown of local council abuse claims
(DBN)

____________

Autos:

Here’s Why Auto Safety Investigators Are Still Probing Takata Air Bag Inflators
(DBN)

The outlook for automakers gets cloudier by the day
(DBN)

____________

Crypto:

Banks say draft capital rules make cryptoassets too costly to trade
(DBN)

Crypto Risks Existential Threat as U.S. Crackdown Gathers Steam
(DBN)

Crypto Channels Targeted in Biden’s Fight Against Ransomware • Treasury sanctions cryptocurrency exchange over ransomware transactions
(DBN)

Crypto is not a viable long-term form of private money and stablecoins are equivalent to poker chips at the casino, SEC chief says
(DBN)

___________

Retailing:

U.S. retail industry seeks 90-day lead time on COVID-19 rules
(DBN)

Despite record pay and perks, few people want to work in retail this holiday season
(DBN)

The great holiday shortage
(DBN)

Macy's to Hire 76,000 for Holiday Season
(DBN)

Amazon is lobbying the US government to make pot legal •Here's why Amazon is lobbying the government to legalize marijuana
(DBN)

Amazon: Workers, applicants fired or barred during marijuana testing now eligible for jobs
(DBN)

Why Sears is not going to 'go bankrupt' in Mexico
(DBN)

Lorna Jane USA Inc files for Chapter 11 bankruptcy protection
(DBN)

Final Sears Store In New York City To Close In November Following Nearly 90 Years Of Operation
(DBN)

____________

Politics:

Biden's economic agenda in 'significant danger' of collapse. The worst-case scenario for the 2022 midterms is inching closer.
(DBN)

White House faces bipartisan backlash on Haitian migrants • Biden slips into political quicksand amid Haitian migrant buildup
(DBN)

Democrats' dwindling 2022 map
(DBN)

Biden Overall Job Approval At 50%
(DBN)

62 percent in Iowa disapprove of Biden, poll shows
(DBN)

It’s not just Republicans. Everyone’s mad at Biden over migration.
(DBN)

France is escalating its disputes with Australia and the US, seeking to derail EU trade talks with both after being dumped from a submarine contract • Australian documents showed French submarine project was at risk for years • French Call to Delay U.S. Trade Meeting Gains Support Within EU • Biden, Morrison, Johnson Celebrate Sub Deal That Angered France • No Wonder the French Are Angry
(DBN)

At U.N., Biden promises era of 'relentless diplomacy' after military mistakes • Biden to U.N.: U.S. 'will lead on all the greatest challenges of our time,' but 'not go it alone' • Biden, at U.N., calls for unity in addressing the pandemic and climate change
(DBN)

San Francisco's mayor blasted for dancing maskless at a crowded club. She called her critics the 'fun police.'
(DBN)

Republicans report cash advantage over Democrats as both rake in millions in August
(DBN)

Post Trump, U.S. Democrats offer bill to rein in presidential powers
(DBN)

For some Republicans, a party run by Trump is not worth fighting for
(DBN)

'Oh my God Jesus': Paul Ryan floored when he learned of Trump White House chaos — according to Woodward book
(DBN)

____________

Tech:

The Chip Crunch Grows Worse as Wait Times Hit Record 21 Weeks
(DBN)

____________

 
New Bankruptcy Opinions
(3 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (9 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (9 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)

______________

SCOTUS:

U.S. Supreme Court Update: Petitions Seek Review of Notable Bankruptcy Law Rulings
(DBN)

____________

Mediation:

The Four “C’s” of Mediation: Candor, Cooperation, Creativity and Courage (from Judge Rosen)
(DBN)

____________

Contempt:

Second Circuit Applies Taggart Standard to Orders Declaring Home Mortgage Loans Current
(DBN)

____________

Avoidance Actions:

Sixth Circuit Insulates ‘Arguably Bad Faith’ Secured Lender from Fraudulent Transfer Attack
(DBN)

____________

Subordination:

Voting Rights Assignment Unenforceable, but Subordinated Creditor Lacked Standing to Participate in Chapter 11 Plan Confirmation Process
(DBN)

____________

Cross-Border:

N.Y. District Court Rules that Chapter 15 Recognition Not Required to Enforce Foreign Bankruptcy Injunction
(DBN)

Follow the Yellow Brick Road: The Single Point of Entry and Chapter 15
(DBN)

____________

Discharge:

Recent Sixth Circuit BAP Case Shows Risks To Lawyers Arising From Violations Of Discharge Injunction
(DBN)

____________

Credit Bidding:

Secured Lender's Credit Bid Right in Bankruptcy Sale Denied
(DBN)

____________

Administrative Claims:

Stalking Horse Bidder May Be Entitled to Administrative Priority for Expenses Despite Failure to Close Bankruptcy Sale
(DBN)

____________

Sanctions:

Sanctions in the Michigan Election Case and in Bankruptcy Court (Pt. 4)
(DBN)

____________

Structured Dismissal:

Structured Dismissal of Chapter 11 Cases Did Not Violate Jevic
(DBN)

____________

Bankruptcy Strategy:

Selective Corporate Restructuring Strategy
(DBN)

____________

Executory Contracts:

"Work-for-Hire" Film Production Agreement Not Executory Contract in Bankruptcy Due to Lack of Mutual Continuing Material Obligations
(DBN)

____________

Aviation:

DOJ sues American Airlines, JetBlue to block "unprecedented" alliance
(DBN)

The U.S. is welcoming back international tourists — and it could complicate your holiday travel plans
(DBN)

More flights and higher prices: The travel ban lifting may affect your vacation, too
(DBN)

As America reopens, airlines hunger to reclaim transatlantic cash
(DBN)

EasyJet to Ryanair boss: focus on your own airline
(DBN)

Virgin Atlantic, British Airways Bookings Jump on U.S. Reopening
(DBN)

Takatso says it is still in talks over South African Airways investment
(DBN)

Mauritius to Inject $282 Million to Revive National Airline
(DBN)

Strapped for cash, Thai Airways puts 3 more aircraft up for sale
(DBN)

____________

Food/Beverage:

A chef who offers health benefits, paid vacation, and a 401(k) plan raised base pay to $18 to $24 per hour and says he's not struggling to hire workers
(DBN)

Texas women accused of assaulting NYC hostess say slurs were against them
(DBN)

____________

Fraud:

Accused Ponzi Schemer To Court: Money, Please
(DBN)

Faulty Theranos Test Fueled Miscarriage Fear, Holmes Jury Told
(DBN)

____________

Sovereigns:

Ethiopia Seeks IMF Deal After France, China Lead Creditors Panel
(DBN)

____________

UK:

Beer, chicken and now carbon dioxide: Why Britain's shortages keep coming
(DBN)

U.K. Has Deal to Reopen Fertilizer Output, Easing CO2 Crunch
(DBN)

U.K. Power Firms Stop Taking New Customers as Crisis Deepens
(DBN)

U.K.’s Lack of Gas Plan Leaves Country at Mercy of Global Market
(DBN)

Johnson Downplays Pressure on Britons From Winter Living Costs
(DBN)

Boris Johnson admits he has six children
(DBN)

In Biden’s Oval Office, Johnson’s Big Brexit Promise Slips Away • Biden cool on future trade pact with United Kingdom
(DBN)

Brexit Impact Will Get Much Worse
(DBN)

India slams UK’s new travel rules as ‘discriminatory,’ warns of retaliation
(DBN)

U.K. to Accept UAE Vaccinations, Boosting Key Travel Route
(DBN)

Bankrupt who claimed he burnt £50,000 sentenced
(DBN)

Six Economic Headaches Pile Up in U.K. for BOE and Rishi Sunak
(DBN)

____________

China:

'Dead duck's mouth' — CEO of China Evergrande's leaked letter to employees gets panned on social media
(DBN)

Evergrande Misses Loan Payments to Banks as Bond Deadlines Loom • China’s Evergrande says will make a scheduled payment • Evergrande Onshore Property Unit to Repay Interest on Yuan Bond • Evergrande's reassuring default • Bank of America cuts China growth forecast under Evergrande shadow • China Evergrande's debt crisis is rattling global markets. Here's why • Dalio Says Evergrande Crisis ‘Manageable’ Even as Investors Hurt • OECD’s Boone Isn’t Overly Worried About Evergrande Contagion • Is this China's Lehman Brothers moment? • Lured by promises of high returns, thousands gave Evergrande cash • Here’s why the Evergrande crisis is not China’s ‘Lehman moment’ • Evergrande crisis will hurt China’s economic growth, says former PBOC advisor • BOJ Chief Sees Global Economy Withstanding Evergrande Crisis • Morgan Stanley Sees China Restructuring Troubled Developer Soon
(DBN)

FBI director says new probes into China launched 'every 12 hours'
(DBN)

Chinese Utility Companies Face Bankruptcy As Coal Prices Skyrocket
(DBN)

Hong Kong, US hedge funds root for Luckin Coffee to overcome accounting scandal with debt restructuring pact
(DBN)

____________

Germany:

Germany braces for energy supplier casualties
(DBN)

____________

France:

France Ranks First for Small Business Survival in Europe
(DBN)

____________

Italy:

Soaring Italian Power Prices Add Urgency to Plans to Curb Bills
(DBN)

____________

MENA:

U.K. defense ministry investigating email exposing Afghan interpreters seeking rescue • As opportunity beckons in Afghanistan, al-Qaida's leader squabbles and writes 'comically boring' books • Afghanistan Aftermath’s Risk of Terrorism Cited by Senate Panel • Major companies vow to train, hire Afghan refugees arriving in U.S. • Pentagon chief orders review of deadly drone strike in Afghanistan • UN: Taliban nominate new envoy, ask to speak at General Assembly meeting • Taliban Dismantling Human Rights Gain
(DBN)

Lebanon’s Inflation Rises to Highest Globally as Crisis Deepens
(DBN)

Ravaged by war, Syrian rebel area struggles with virus surge
(DBN)

UAE Eases Mask Mandate With Daily Cases Dropping to Year Low
(DBN)

____________

Australia:

Australia's covid rules are stranding people at state borders
(DBN)

Australian State Unveils Vaccine Passport as Lockdown End Nears
(DBN)

Australia Borders to Be Open by Christmas, Tourism Minister Says
(DBN)

Construction workers, police clash in Melbourne over COVID-19 vaccine mandate
(DBN)

____________

South Africa:

South Africa’s Covid-19 Daily Vaccination Rate Plunges
(DBN)

____________


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