December 22, 2021

The Daily Bankruptcy News

View prior editions: Click Here
View prior case summaries: Click Here
Search prior headlines: Click Here
Search prior case summaries: Click Here

Format For Mobile Device

Due to the Christmas holiday, The Daily Bankruptcy News will not publish on Thursday and Friday, December 23 and 24, 2021



Law:

Bonuses Bring Holiday Cheer Courtesy Of Reindeer
(DBN)

Top 30 Biglaw Firm Sends Bonuses To The Moon For Associates With Sky-High Billable Hours
(DBN)

Biglaw Firms Delay Reopenings Due To Omicron Variant, Setting Returns For April (And Beyond) Some law firms push back dates for return to office amid omicron concerns
(DBN)

Reed Smith Tells N.Y. Lawyers to Stay Home, Citing Virus Spread
(DBN)

The Great (Law Firm) Resignation: How To Resign (Part I)
(DBN)

By the Numbers: Five New Big Law Leaders Taking Charge in 2022
(DBN)

The Use Of The GRE In Law School Admissions After The ABA's Green Light
(DBN)

Law School Rankings By Fall 2021 Acceptance Rate
(DBN)

Law School Rankings By Fall 2021 Median UGPAs
(DBN)

Who Would've Guessed That Britney Spears Could Get You Into Law School?
(DBN)

Why Spider-Man's lawyer in 'No Way Home' is such a big deal
(DBN)

Lawyer is fined after her process server delivers subpoena to another attorney during murder-trial break
(DBN)

UIC law prof must receive online diversity training, coaching before classroom return, letter says University Of Illinois-Chicago Law School Reassigns Jason Kilborn's Spring Classes While He Undergoes Mandatory Diversity Training More On The Jason Kilborn Controversy At The University Of Illinois-Chicago Law School
(DBN)

Ghislaine Maxwell jury requests accusers’ testimony in Epstein sex crime case Here's What the Jury Notes Reveal About the First Full Day of Ghislaine Maxwell Deliberations Maxwell Left to Await Her Verdict
(DBN)

Marvel chairman Perlmutter's wife sues Kasowitz Benson over 'malicious' lawsuit
(DBN)

GOP Rep. Scott Perry says he won’t cooperate with House probe of Jan. 6 riot Jan. 6 panel threatens subpoena after GOP lawmaker rebuffs request for interview Alex Jones Sues Jan. 6 Committee Citing Compelling Legal Theory Of YOU AIN'T MY DADDY! 'Journalist' Alex Jones Sues to Fight Jan. 6 Committee Subpoena, Claims Liz Cheney Is Only 'Purportedly a Republican' Florida Actor Who Yelled 'Hey Nancy, Go F*** Yourself' on Jan. 6 from Top of Capitol Media Tower Pleads Guilty Federal judge rules against Oath Keepers, upholding felony charge 81-year-old US Capitol rioter sentenced to three years of probation Oldest Known Jan. 6 Defendant, 81, Said He Had a Right as Taxpayer to Enter the Capitol. He Was Just Sentenced Following a Guilty Plea. Donald Trump apparently will spend Jan. 6 rationalizing this year's violence Jan. 6 Committee Weighs Possibility of Criminal Referrals Michael Flynn sues January 6 committee to block phone records subpoena
(DBN)

University Of Iowa Ordered To Pay $2m To Christian Student Groups Denied Recognition For Rejecting Gay Students In Leadership Roles
(DBN)

Harvard Professor Convicted By US Jury For Lying About Ties With China
(DBN)

Logs show Trump flew more often on Epstein jets than was known
(DBN)

‘Constitutional sheriffs’ contend they have the power to determine what the law is
(DBN)

Employer must face worker's lawsuit over husband's COVID death -California court
(DBN)

Jury suggests possible deadlock in trial of ex-Minnesota officer who killed Wright
(DBN)

Jussie Smollett Special Prosecutor's Report: Kim Foxx Shouldn't Be Charged, But Her Office Exhibited 'Substantial Abuses of Discretion and Operational Failures'
(DBN)

District Attorney Asks Court to 'Reconsider' 110-Year Sentence of Truck Driver Who Killed 4 People in Catastrophic Crash
(DBN)

Retirement and Back Pay, But No Charges, for Miami Cop Who Struck Woman for Saying He Was Acting 'White'
(DBN)

Chicago mayor calls for federal help to fight violent crime
(DBN)

Police charge man with stealing 58-foot bridge
(DBN)

Effort to aid Afghanistan's women judges draws in U.S. law firms
(DBN)

Texas Woman Who Brutally Murdered Pregnant Roommate Because She 'Wanted Her to Feel the Pain of a Miscarriage' Is Sentenced to Prison
(DBN)

'This Is the Work of the Devil': Tennessee Mom Convicted of Murdering Her Four Young Children by Slitting Their Throats
(DBN)

Police Considering 'Genetic DNA Testing Processes' to Solve JonBenét Ramsey Murder DNA and JonBenet's Death
(DBN)

Thousands of federal inmates freed over COVID concerns don’t have to return to prison, DOJ announces
(DBN)

______________

Judges:

Biglaw Partners Benchslapped Over 'Bitter' Post-Trial Claims Of Anti-Semitism
(DBN)

The Supreme Court Is Straight Money
(DBN)

______________

Wall Street:

Stock futures point to slight losses for Wall Street after a volatile start to Christmas week
(DBN)

Dow jumps 560 points as market rebounds from omicron-triggered 3-day slide Dow, S&P 500 book best day in two weeks after Biden vows no return to March 2020-style lockdowns as omicron rages
(DBN)

The Fed is set to hike interest rates in 2022. Here's what that means for US stocks.
(DBN)

Wall Street firms made big promises to increase the number of women and people of color at their companies. Here's how they're actually doing.
(DBN)

______________

Climate:

Visualizing the climate stakes of Build Back Better's downfall
(DBN)

____________

Healthcare:

CDC chart shows how Omicron went from 0.7% to 73% of US COVID-19 cases in just 2 weeks
(DBN)

Global cases of COVID-19 top 276 million and South Africa's omicron surge may be over
(DBN)

Nurses Quit in Record Numbers
(DBN)

CDC director says initial Covid shots ‘may not be enough’ as omicron rapidly sweeps the nation
(DBN)

Biden administration to stockpile 4 million COVID-19 therapies by end January: report
(DBN)

The first American to die of the Omicron variant was an unvaccinated Texas man who had previously caught COVID-19
(DBN)

Massachusetts activates National Guard to support hospitals
(DBN)

Stunning spike in COVID rattles New York
(DBN)

Walgreens and CVS struggle against 'unprecedented' holiday demand for home tests amid omicron surge
(DBN)

Should you change your holiday plans? We asked 6 epidemiologists what they’re doing.
(DBN)

Biden assures Americans vaccinated against Covid-19 that they can go ahead with holiday plans despite Omicron surge
(DBN)

Biden bolsters COVID-19 effort as highly contagious omicron variant spreads fast and WHO urges people to cancel Christmas parties
(DBN)

10% of people on a flight from Miami to Tel Aviv tested positive for COVID-19, despite rules mandating a negative test to fly
(DBN)

America tunes out Omicron news despite ominous threat
(DBN)

A COVID-Denying Kickboxing World Champion Just Died From COVID
(DBN)

Fully vaccinated people who catch Covid ‘have super immunity’
(DBN)

Why Covid vaccine booster shots are so important, according to an omicron expert
(DBN)

Army's Super Vaccine Works on All Covid Variants
(DBN)

SpaceX headquarters in Hawthorne sees COVID-19 outbreak with 132 cases SpaceX Just Reported the Largest Covid-19 Workplace Outbreak in America
(DBN)

‘Humanized’ mice provide clue to why COVID hits some harder than others
(DBN)

Fauci calls for Fox News host to be fired 'on the spot' for 'kill shot' comments
(DBN)

Doctors becoming overwhelmed by constant visits from ‘frequent attenders’
(DBN)

This Is the City Where Doctors Make the Most Money
(DBN)

US Death Rate Soared 17% in 2020
(DBN)

CDC: Life Expectancy Fell Almost 2 Years
(DBN)

____________


Economy:

It’s unlikely the monthly child tax credit will be extended next year
(DBN)

‘Considerable’ risk that U.S. and much of Europe will need COVID lockdowns this winter, Credit Suisse says
(DBN)

Omicron casts a new shadow over economy’s pandemic recovery
(DBN)

Americans are tired of Covid – and the response to omicron has only created more frustration
(DBN)

Omicron fears are 'rightly' placed but strength of U.S. economy ‘cannot be denied’: Strategist
(DBN)

De Blasio says ‘No more shutdowns’ as NYC faces virus spike
(DBN)

Broadway League president on Omicron spike: 'We don’t anticipate being shut down at any time soon’
(DBN)

Chicago to require vaccination proof at indoor venues amid COVID-19 surge
(DBN)

Latest COVID-19 Wave Dents U.S. Optimism
(DBN)

Wells Fargo will announce new plans for full employee return in the new year
(DBN)

Congrats, holdouts! You get to work from home for the foreseeable future
(DBN)

The United States’ unusual recovery from pandemic recession
(DBN)

U.S. population growth falls to record low
(DBN)

Debt tsunami of the pandemic
(DBN)

A Kentucky Democrat says solving the labor shortage is 'cultural' because young people now 'can make as much money being a barista as they can being an assembly-line worker'
(DBN)

Unplanned pregnancies cost the U.S. billions but sex education is lacking
(DBN)

Grinch hits candy cane makers with sugar shortage, twisted supply chain
(DBN)

Dems' 2022 prospects hit with one-two blow on economy
(DBN)

Biden's economic ratings are worse than Carter's
(DBN)

US population growth at lowest rate in pandemic’s 1st year
(DBN)

Here’s where workers can earn a $15 per hour minimum wage
(DBN)

The Privatization of Everything
(DBN)

Here's how the US government spends your income taxes
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

Rents for single-family homes are rising three times as fast as in 2020
(DBN)

Americans Are Less Likely Than Before COVID-19 To Want To Live in Cities, More Likely To Prefer Suburbs
(DBN)

____________

Municipalities:

Puerto Rico Oversight Board Sues to Stop New Pension Benefits Puerto Rico Oversight Board sues governor, agencies over pension laws
(DBN)

____________

Oil/Gas:

A refinery rained oil on thousands of St. Croix homes. Now it could reopen Bankruptcy judge approves $62 million Limetree Bay sale to Jamaican company
(DBN)

U.S. oil benchmark ends 3.7% higher as crude attempts to bounce back from omicron selloff
(DBN)

____________

Education:

Duke joins list of universities requiring boosters
(DBN)

____________

Corporate Governance:

Boeing and the Ongoing Evolution of Director Responsibilities
(DBN)

____________

Consumer Finance:

CFPB shuts down payday lender it calls ‘a darling’ of venture capital
(DBN)

____________

Food/Beverage:

Judge dismisses Koffee Kup bankruptcy petition
(DBN)

____________

Utilities:

Ex-CEO won't face charges in nuclear fraud case
(DBN)

____________

Politics:

Donald Trump Is Not Letting Go of Melania's Christmas Tree Criticism
(DBN)

Bill O’Reilly: I Had to Console Trump After MAGA Fans Booed Him for Getting Vaccine Booster
(DBN)

Details released on the Trump administration’s pandemic chaos
(DBN)

Manchin says Democrats tried to 'badger and beat' him into voting for Build Back better, and that he'll only endorse it if a brand new bill is crafted Biden’s social-spending bill ‘not dead yet’ as Joe Manchin could back parts of it, analysts say Manchin tanked Biden's spending bill as payback for a White House statement he thought was rude to him, ally suggests Republican senator texted Joe Manchin about joining GOP Coal miners want Joe Manchin to reverse opposition to Build Back Better For Some, Manchin’s Sign Off Is A Matter Of Life And Breath Biden says he and Manchin are 'going to get something done' Angry liberals don't want to talk about scaling back their ambitions to bring back to life some of what Joe Manchin killed What you need to know about Joe Manchin’s hold on the Democratic agenda
(DBN)

Manchin’s private offer to Biden included pre-K, climate money, Obamacare — but excluded child benefit
(DBN)

Bette Midler, 76, draws the ire of conservatives AND liberals after branding people in West Virginia 'poor, illiterate and strung out' during attack on Manchin
(DBN)

Biden administration sounds open to working with Romney after he calls for bipartisan approach to child tax credit payments
(DBN)

The CEO of the world's largest hedge fund is gearing up to run for Senate in Pennsylvania
(DBN)

Biden Overall Job Approval: 46% Approve, 49% Disapprove
(DBN)

19 states enacted voting restrictions this year State legislators gear up to pass a 'tidal wave' of voting restrictions ahead of crucial 2022 midterms
(DBN)

Lincoln County looks to eliminate all polling places but one
(DBN)

Trump aide set up meeting where election worker was pressured
(DBN)

Pelosi faces pushback over stock trade defense
(DBN)

Kyle Rittenhouse gets standing ovation from conservatives, says he may sue media outlets
(DBN)

____________

 


New Bankruptcy Opinions
(2 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (17 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (1 new filing 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)

______________

Bankruptcy Policy:

COVID-19 Debt and Bankruptcy Infrastructure
(DBN)

____________

Discharge:

Understanding Unliquidated Securities Claims Under §523(a)(19) in Chapter 7 Cases
(DBN)

____________

Subchapter V:

Subchapter V debt limit is set to decrease March 28, 2022
(DBN)

____________

Executory Contracts:

Arbitration Clause As Executory Contract: Rejecting In Bankruptcy To Forestall Arbitration? (Highland Capital v. Dondero)
(DBN)

____________

Aviation:

Mild or not: Omicron variant doubles risk of catching Covid aboard a plane
(DBN)

Not much Omicron effect on domestic flight bookings: BofA
(DBN)

Holiday travel outlook: Expect 2019-level crowds in airports this Christmas, economist says
(DBN)

Video captures brawl at Miami airport; 2 taken into custody
(DBN)

Portugal's TAP to compete globally despite tough rescue plan - minister
(DBN)

____________

Sports:

NFL could become trend-setter for COVID-19 testing policies
(DBN)

____________

Tax:

The Federal Income Tax Treatment Of Debt
(DBN)

____________

Fraud:

Criminals have stolen nearly $100 billion in Covid relief funds, Secret Service says
(DBN)

An employee embezzled $154 million from Sony then converted it to bitcoin — now the feds are trying to return it
(DBN)

Man posing as NFL player to plead guilty in Super Bowl ring fraud At a 2018 auction, one of the rings sold for more than $337,000. 5H ago
(DBN)

____________

Banking:

NatWest unit pleads guilty to Treasury market manipulation scheme -U.S. Justice Department
(DBN)

What’s Gone Wrong at Chicago’s Last Black-Owned Bank?
(DBN)

____________

Religion:

Archdiocese of St. John’s files for bankruptcy protection
(DBN)

____________

Autos:

Both used and new cars are going to cost even more in 2022, Goldman says
(DBN)

Fed Up Tesla Owner Blows Up Car
(DBN)

____________

Retailing:

Drugstore chain Rite Aid to close at least 63 stores in the coming months Rite Aid follows CVS in announcing store closings
(DBN)

Can this year's department store recovery last?
(DBN)

____________

Labor:

Kellogg's cereal workers approve contract, ending 11-week strike and averting job losses
(DBN)

____________

Movie Theaters:

‘Spider-Man: No Way Home’ provides hope for the box office, but hurdles remain
(DBN)

____________

Agribusiness:

Indicators suggest correction coming in ag economy
(DBN)

____________

Celebs:

Sean 'Diddy' Combs buys back bankrupt label Sean John for $7.5 million
(DBN)

____________

Student Debt:

Restarting student loan payments could be a chaotic disaster
(DBN)

Biden administration may extend payment pause for student loan borrowers
(DBN)

____________

Mass Torts:

Purdue Pharma seeks to continue temporary protections for Sacklers
(DBN)

United Methodists to join in plan for Boy Scouts bankruptcy
(DBN)

Boy Scouts Bankruptcy Plan Hearing Pushed to February from January
(DBN)

Moral bankruptcy doesn't count in Sackler family protection deal
(DBN)

District Court Rejects Purdue Pharma’s Chapter 11 Plan Over Non-Consensual Releases Provided to Sackler Family
(DBN)

____________

UK:

UK offers 1 billion pounds to firms hit hardest by Omicron
(DBN)

____________

France:

French police uncover 182,000 fake covid health passes
(DBN)

____________

Spain:

Spain streamlines bankruptcy process to get EU recovery funds
(DBN)

____________

China:

In Tough Times, China Needs to Act on Personal Bankruptcy
(DBN)

China Developers' Rally Loses Steam After Some Companies Flag Risks
(DBN)

Troubled Chinese developer Evergrande says will 'actively engage' with creditors
(DBN)

____________

Austria:

Bankruptcy, Insolvency & Rehabilitation Proceedings in Austria
(DBN)

____________

India:

5 Years Of Insolvency And Bankruptcy Code And Its Role In Streamlining Recovery And Restructuring
(DBN)

____________

Australia:

Applicability of set-offs as a defence against a liquidating claim of unfair preference
(DBN)

____________


The Daily Bankruptcy News is primarily a curated news link gathering service.   Most of the headlines contained in the publication are a collection of links to stories posted on the Internet by various third party publications.  Such content is owned by third party sources, not The Daily Bankruptcy News, and in some cases, these links change or expire, which means you may not be able to view some news stories in prior editions of the Daily Bankruptcy News. The DBN subptption fee is not a fee for access to the content of the links, but is a charge for the considerable work involved in gathering, organizing and presenting the links. Use of this site and The Daily Bankruptcy News is subject to our Terms of Use. If you received The Daily Bankruptcy News via email (and you have a paid subscription account), to view a news story, click on the headline, and the story should open in your web browser. To view additional stories, click back to the email and click on additional headlines, which will cause new stories to open in your web browser.  You can view the most recent edition of The Daily Bankruptcy News on the web at BKInformation.com.

Advertising
Advertising is available in The Daily Bankruptcy News. Click here for details  Feel free to contact us with any questions.

Passwords/Subscriptions
Access to certain links in The Daily Bankruptcy News is available only to readers holding a paid service subscription. These links are currently marked with a "DBN" notation. The cost of a subscription is $69.00/year, payable annually.  Volume discounts are available for sites with multiple users. Click here to see a schedule of discounts. Complimentary subscriptions are available for full-time educational and governmental employees and for full time students. For information about discounts or educational/governmental subscriptions, contact us by clicking here. A separate password is required for each member of a firm wishing access to restricted links.

New readers can receive a free password good for 30 days by clicking here. 30-day passwords are not available to readers who have previously had a password, even if the password was associated with a different email address used by the reader. Refunds are not available after purchase.

Readers who wish to change their passwords should click here. Readers who have forgotten their password should click here.

Adding Your Email Address To The Distribution List
If you would like to start receiving The Daily Bankruptcy News by email each day, click here, and fill in the information requested. There is no charge to be placed on the distribution list to receive the headlines, although access to many of the links behind the headlines requires a paid subscription (see above, under Passwords). If, after adding your email address to the distribution list, you do not receive an email confirming the addition, please contact us by clicking here for help.

Removing Your Email Address From The Distribution List
If you already receive The Daily Bankruptcy News by email and you wish to remove your email address from the distribution list, click here and send the email that should appear. You do not need to type anything in the body of the email message. Note that the email asking for removal must be sent from the same email address which is on our distribution list. If you do not receive an email confirming deletion of your email address from the distribution list, contact us by clicking here for help.

If receive the publication forwarded from an older email address, you will need to contact us as described below for help removing that older address from our distribution list.

Press Releases/News Tips
Please send press releases and news tips to admin@bkinformation.com

Contact Us
The Daily Bankruptcy News is published each business day by BKINFORMATION.COM, L.L.C. You can phone or text us at 281-402-3957. You can email us at accounting@bkinformation.com (email inquiries are usually answered substantially more quickly than phone inquiries). Our mailing address is 935 Eldridge Road, No. 350, Sugar Land, Texas 77478.

Copyright 2021