"The number of new distressed matters rivals 2008," said Rachel Strickland, the co-chair of the restructuring practice at Willkie Farr & Gallagher. "The onset of new matters due to COVID-19 has been much, much faster."This story is available exclusively on Business Insider Prime.As the novel coronavirus sweeps the globe, it will fall on a cadre of elite attorneys at the nation's top law firms to help guide companies through an unprecedented hit to revenue.
These attorneys have played leading roles on everything from the Detroit bankruptcy, to Toys R Us, to Lehman Brothers. As the novel coronavirus sweeps the globe, it will fall on a cadre of elite attorneys at the nation's top law firms to help guide companies through an unprecedented hit to revenue.to field calls from clients about loan covenants, payment obligations to creditors and — in some instances — the prospect of filing for bankruptcy.
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Coronavirus updates: US death toll doubles in 2 days to surpass 2,000 - Business Insider[Thread] 👇 Prime Minister Boris Johnson spent £5.7 million to write to all 66 million people in the UK — urging them to stay at home to fight coronavirus. Follow along for live updates on the latest coronavirus news around the globe. Deaths in the United States more than doubled in two days, as health officials reported 2,147 deaths on Saturday evening. Prior to that, roughly one month lapsed between the first reported coronavirus death in the US and the 1,000th. What a farce. Only Boris would think spending 5.7 million pounds on mail instead of front line medical supplies a good idea. Does physical mail represent a higher virus risk than electronic mail? Boris can't see past his penis. Beyond dumb. He tries to be statesman like but fails. The money could have been woene on buying ventilators or test kits instead. Complete waste of money and people resources!
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California Governor says US government sent 170 'broken' ventilators - Business InsiderInstead of 'complaining,' California Governor Gavin Newsom said 'broken' ventilators were sent to a local company to be repaired. Even if they did! 170!!! Big deal! I keep learning things I hear in corp media r FAKE, FAKE, FAKENEWS. How can independent journalist & the public verify what u say? And btw, WHAT battle? So Cal ER testing tents, & 4 THAT matter the ER's themselves r EMPTY! POTUS is right. Y'all LITERALLY make s*** up.
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The US is using mobile ad data to track people's movements during coronavirus lockdown - Business InsiderThe data is anonymized, so the governments are studying general population movement rather than tracking individuals. I thought they have spied on americans since years. I imagine they can track anyone at will regardless. They just have no reason to track the majority until now. 1GigiSims I've been leaving my phone home when I run errands more and more. I'm finding it quite liberating.
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The next wave of the coronavirus will affect people throughout the US - Business InsiderThe next wave of coronavirus outbreaks is threatening cities from New Orleans to Philadelphia, and it reveals the US is on pace for a national epidemic It’s a pandemic meaning it’s an epidemic...but everywhere
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How the US government will allocate $100 billion to hospitals: FAQ - Business InsiderWe got ahold of a document from Senate Democrats that provides clues to how the federal government will allocate $100 billion from the coronavirus stimulus to hospitals leonardkl *how they would want A bit late in the day, but makes a nice aspirational nevertheless.
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