November 16, 2021

The Daily Bankruptcy News

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Law:

Top 50 law firms are ‘cannibalizing’ an increasing share of legal revenue
(DBN)

‘Treated like a robot,’ contract lawyers chafe under fickle facial recognition surveillance
(DBN)

Attorney recruitment fears temper law firms' bullish outlook
(DBN)

Can your law firm afford not to redesign its website?
(DBN)

Biglaw Practice Chair Was 'Hysterical With Nerves' During Her Appearance On 'Jeopardy!'
(DBN)

Law School Professors Shocked To Learn Originalism Just An Empty Shell For Right-Wing Political Outcomes
(DBN)

25% Of The Way Through The Fall 2022 Law School Admissions Cycle: Applicants Are Up 2.3%, But Down In All LSAT Bands (Especially 170-180 (-11.2%)), Except 150-159 (+11.4%)
(DBN)

Yale Law School And The Federalist Society: Caught In A Bad Romance?
(DBN)

California bar weighs client account changes after Girardi scandal
(DBN)

Superlawyer Jenna Ellis Cooked Up Crafty Election Stealing Memo
(DBN)

Trump Organization does not have to pay Michael Cohen's legal bills -judge
(DBN)

Trump adviser Bannon surrenders to face charges for stonewalling Capitol riot probe • What Steve Bannon’s indictment means for Trump’s stonewalling tactics • Defiant Bannon warns of 'misdemeanor from hell' for Biden • Trump adviser Bannon assails Biden over Capitol riot probe charges • D.C.'s new top cop vs. Steve Bannon • Steve Bannon Granted Pre-Trial Release Pending Trial on Contempt of Congress Charges in Jan. 6 Subpoena Case • Steve Bannon’s Contempt Indictment Isn’t All that Trump Foes Think It Is • GOP revenge for the Bannon indictment may have to wait • Christie says he was unable to reach Trump on Jan. 6 • NATO chief: Jan. 6 was attack on "core values" of alliance • Mike Lindell and Mike Flynn Just Sang the National Anthem With Jan. 6 Prisoners • 'PowerHouse Patriot' Charged with Pushing Cop Inside U.S. Capitol Building on Jan. 6 Pleads Not Guilty • Meadows 'between a rock and a hard space' with Trump, Jan. 6 panel
(DBN)

Most say police shouldn't be primary responders for mental health crises: NAMI poll
(DBN)

Rittenhouse jury to begin deliberating Tuesday morning • Judge dismisses misdemeanor gun charge against Rittenhouse • Judge will ask jury to consider if Rittenhouse provoked attack: report • 'You Cannot Claim Self-Defense Against a Danger You Create': Prosecutor Argues Kyle Rittenhouse’s 'Provocation' Invalidates Self-Defense Claim
(DBN)

Judge in Arbery case rebukes defense lawyer, calls comments 'reprehensible' • Tensions flare in Arbery death trial as Jesse Jackson visits
(DBN)

US braced for verdicts from two high-profile trials
(DBN)

Texas trial begins for man accused of stalking older people, killing 18
(DBN)

Judge rejects Sidney Powell's challenge to Pentagon's vaccine mandate
(DBN)

Fox's Bartiromo called Bill Barr 'screaming' about election fraud: book
(DBN)

Local DA Faces 11-Count Federal Indictment And You'll Absolutely Believe What City We're Talking About
(DBN)

Alex Jones Gets Death Penalty Sanctions. Again • Judge Rips Alex Jones' 'Callous Disregard' in Finding Him Liable by Default in Sandy Hook Defamation Cases
(DBN)

Ghislaine Maxwell Smiles, Jokes in Court Before Jury Selection
(DBN)

Biden's new border problem: Nations won't take back migrants
(DBN)

______________

Judges:

Announcement of Retirement of Judge Christopher Sontchi • Delaware’s Judge Sontchi to serve in Singapore
(DBN)

Court lottery will determine which federal appeals court hears vaccine challenges • Court lottery gives Biden administration a chance to revive COVID vaccine mandate
(DBN)

Doctor accused of showing his gun during Zoom court faces contempt hearing
(DBN)

Judge Suspended After Wild Power Trip Demanding Court Observer Take A Drug Test
(DBN)

______________

Wall Street:

U.S. stock futures continue drift lower ahead of retail sales report • Dow futures gain after better-than-expected earnings from big retailers
(DBN)

US stocks edge lower as investors eye impact of inflation on corporate earnings
(DBN)

Wall Street bankers and traders are in line for the biggest bonuses since Great Recession
(DBN)

______________

Fraud:

Judge threatens arrests for PPP 'fraudsters' in Singaporean hotel bankruptcy
(DBN)

Second Circuit Breathes New Life Into Madoff Trustee's Efforts to Recover Ponzi Scheme Payments
(DBN)

'Greed over honesty': New York doctor stole $3.7 million in COVID-19 relief money to buy yacht, luxury cars and Rolex watches, prosecutors say
(DBN)

Federal Prosecutors Indict Joel Greenberg Associates in Alleged $12 Million Real Estate Fraud Scheme
(DBN)

Corporate Snitching to SEC Surges as Telework Emboldens Tipsters
(DBN)

____________

Food/Beverage:

Rising costs threaten restaurants' recovery
(DBN)

A former Starbucks supervisor and other restaurant workers share the breaking points that made them quit
(DBN)

High-End Arabica Coffee at 9-Year High With Supply Risks Worsening
(DBN)

Restaurateurs betting big on Midtown as tourists flock back to NYC
(DBN)

____________

History:

Is America Willing to Tell the Truth About Its History?
(DBN)

____________

Personal Finance:

Why you should 'lie like hell' in an exit interview and say only nice things about your boss, according to a careers expert
(DBN)

____________

Live Performances:

If Remote Work Empties Downtowns, Can Theaters Fill Their Seats?
(DBN)

____________

Coal:

U.S. Coal Prices Surge to Highest Since 2009 as Demand Booms
(DBN)

____________

Celebs:

Erika Jayne Hit With Bad News In $2 Million Fight Over Widows & Orphans' Missing Money
(DBN)

____________

Transit:

New York’s MTA Plans to Delay Fare Hikes for Six Months
(DBN)

____________

Biolfuels:

Biden Could Revisit Renewable Fuel Mandate to Give Drivers Relief at Pumps
(DBN)

____________

Travel:

CWT Emerges From Bankruptcy With $100 Million to Invest in Business Travel Tech
(DBN)

____________

Utilities:

Just Energy Initiates Litigation against ERCOT and the PUCT in Texas Bankruptcy Court
(DBN)

____________

Satellites:

OneWeb paid almost $50m in investors’ fees for bankruptcy deal
(DBN)

____________

Healthcare:

Coronavirus tally: Global cases of COVID-19 near 254 million and Arkansas is latest state to expand booster program
(DBN)

November 15th COVID-19: New Cases Increasing, Above 80K per Day
(DBN)

Dr. Fauci says Covid cases are starting to climb in some areas of the U.S.
(DBN)

America's lackluster booster rollout could become a big problem
(DBN)

Hospital revokes Houston doctor's privileges for 'spreading dangerous misinformation' about Covid on Twitter
(DBN)

My coworkers refused to get vaccinated. So, I quit.
(DBN)

Delta variant Thanksgiving map: the states that could be COVID hotspots on Turkey Day
(DBN)

NYC Opens Booster Shots to All Adults as Cases Tick Up
(DBN)

Covid Patients Taking Antidepressant May Have Lower Death Risk
(DBN)

Dr. Fauci troubled by political divide over Covid science, says it’s hampered pandemic response
(DBN)

'Society's very existence could have been threatened': Retired General Stanley McChrystal says the U.S. needs to 'go to school' on pandemics before we're hit again
(DBN)

Out-of-network costs spin out of control • Billed and confused: Getting stuck in out-of-network care
(DBN)

Pfizer, BioNTech, Moderna making $1,000 profit every second: analysis
(DBN)

____________


Economy:

Goldman Sachs sees U.S. core PCE halving by end of 2022
(DBN)

Older U.S. workers are 'unretiring'
(DBN)

Global Wealth Surges as China Overtakes U.S. to Grab Top Spot
(DBN)

New York Fed's Empire State manufacturing business index rebounds in November
(DBN)

Fed, elected officials now challenged to define new normal
(DBN)

Key reason for supply shortages: Americans keep spending
(DBN)

Republicans are soiling Americans' view of the economic recovery
(DBN)

Is the economy really worse off than in April 2020?
(DBN)

Seven High Frequency Indicators for the Economy
(DBN)

Build Back Better plan may clear House this week, as White House says bill will combat inflation
(DBN)

Budget Office to Publish Cost Estimate for Biden Agenda by Friday
(DBN)

Biden appoints former New Orleans mayor to lead infrastructure plan • Biden to Appoint Panel of Aides to Oversee Infrastructure Law • States have the power to make or break the infrastructure law
(DBN)

Biden signs $1 trillion bipartisan infrastructure bill into law, unlocking funds for public works • The bipartisan infrastructure law is both historic and not nearly enough • Here's what's in the bipartisan infrastructure law — and how it's paid for
(DBN)

The $65 billion internet-infrastructure plan could be an 'Eisenhower national highway system for the information age,' but it has miles to go
(DBN)

Progressives target West Virginia to win Manchin’s BBB support
(DBN)

The Labor Force Participation Rate
(DBN)

Charted: Why it’s tough to hire
(DBN)

Tightest U.S. Job Market Since 1950s Set to Drive Inflation
(DBN)

Democrats inch closer to passing spending package • Democrats face squeeze on Biden's spending bill
(DBN)

Half a million poor and disabled Americans left behind by Social Security
(DBN)

Sky-high prices are spooking S&P 500 companies, with inflation mentions hitting a 10-year high in quarterly earnings calls • Inflation emerges as a 2022 campaign dividing line • How Inflation Could Take Down Joe Biden • Minneapolis Fed chief Neel Kashkari says policy makers 'need not overreach' to the short-term jump in inflation • Inflation data spurs weak 30-year Treasury auction • Inflation is bad. But mass unemployment would have been worse • Inflation Prompts Growing Chorus to Call on Fed to Speed Taper • IBM CEO says inflation fears could trigger ‘some chaos’ • Inflation Risks Bringing Trump Back to Power, Larry Summers Says • Fed should hike interest rates immediately to cut stagflation risks: economist Stephen Roach • Fed's Barkin says he is happy to wait a few more months to gauge 'reality' of inflation • The 'dirty little secret' is that many Americans can afford inflation: NBC's Stephanie Ruhle • Inflation Set to Spoil Holidays for Struggling U.S. Families
(DBN)

As supply lines strain, some corporations rewrite production playbook
(DBN)

AmEx Requires Vaccine for Employees Returning to U.S. Offices
(DBN)

Labor unions sue Biden administration to expand Covid vaccine mandates
(DBN)

US Chamber Tells Businesses to Follow Vax Mandate
(DBN)

Elon Musk picked a Twitter fight with Bernie Sanders over tax policy
(DBN)

November advance child tax credit payments being delivered to 36M families
(DBN)

Families could be denied death benefits if their unvaccinated loved one dies
(DBN)

Industries With the Most Job Openings
(DBN)

The Zip Code With the Widest Income Gaps in Every State
(DBN)

Massachusetts: The Gold Standard
(DBN)

The pandemic changed some small business owners' attitudes about paid family leave
(DBN)

October retail sales are expected to be strong, showing economy is back on track
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

Housing Inventory Nov 15th Update: Inventory Down 1.7% Week-over-week
(DBN)

WeWork reports smaller loss on uptick in demand for office space • WeWork, in its first earnings report as a public company, shows more losses.
(DBN)

Property Investors Bet $64 Billion on U.S. Homes in Record Buying Spree
(DBN)

Chaos and Uncertainty as Developer Plans to Demolish Motel That Serves as Housing Lifeline
(DBN)

____________

Municipalities:

US states and cities are already making big plans for the $1 trillion infrastructure bill
(DBN)

____________

Oil/Gas:

Oil prices slide amid fears of supply boost, weaker demand
(DBN)

U.S. Oil CEO Tells Biden to Focus on Local Production Instead of OPEC
(DBN)

BP: Oil & Gas to Stay for Decades
(D

Biden has the power to lower your price at the gas pump, and he's facing increasing pressure to do so
(DBN)

The International Energy Agency sees a potential reprieve for soaring oil prices as U.S. ramps up production
(DBN)

The U.S. Shale Patch Is Back In Growth Mode
(DBN)

As cars go electric, Toyota chases hydrogen dream
(DBN)

Genesis is phasing out gas cars by 2030
(DBN)

California Pump Prices Rise to Record Before Thanksgiving Break
(DBN)

Biden moves to block oil, gas drilling near Native American cultural site in New Mexico
(DBN)

____________

Retailing:

Stock buybacks are back, baby
(DBN)

Walmart tops earnings estimates, wins back grocery shoppers as inflation heats up
(DBN)

Home Depot earnings top estimates fueled by 9.8% jump in sales as consumers fix up homes
(DBN)

____________

Politics:

Midterm gloom grows for Democrats
(DBN)

Former Trump aide said she was told not to play Taylor Swift at the White House
(DBN)

Trump blasts ex-Pence aide after she said he admitted he lost
(DBN)

Esper said he and Milley stopped Trump from sending soldiers with 'rifles and bayonets' into US cities amid George Floyd protests: book
(DBN)

Wyoming GOP votes to no longer recognize Liz Cheney
(DBN)

McConnell sought to disinvite Trump from Biden’s inaugural
(DBN)

Corey Lewandowski said Trump knew the election was over but wanted to 'create enough doubt' so he could say 'he didn't lose and that it was stolen': book
(DBN)

Top Senate GOP negotiator credits Trump for advancing infrastructure, who repeatedly sunk it and threatened to primary Republicans who backed it
(DBN)

Inside Chris Christie's breakup with Trump • Christie calls waiting on Trump for '24 disqualifying
(DBN)

Michael Flynn Wants to Outlaw All Religions Except Christianity
(DBN)

Long before Charlottesville, 'great replacement theory' found its champion in a racist senator
(DBN)

Steve Mnuchin called Mike Pompeo about invoking the 25th Amendment on Jan. 6: ABC's Jonathan Karl
(DBN)

Biden poised to sign $1.2 trillion infrastructure bill, fulfilling campaign promise and notching achievement that eluded Trump
(DBN)

Exasperation and dysfunction: Inside Kamala Harris' frustrating start as vice president • Biden aides offer praise for Harris after critical CNN report • Here's how you know the White House is worried about Kamala Harris
(DBN)

Pat Leahy, the Senate’s longest-serving member, announces he will retire.
(DBN)

GOP weighs trapping Democrats in Trump’s budget
(DBN)

Dems' bitter pill: Popular health provisions won't kick in until after the midterms
(DBN)

As Biden's approval dips, Democrats bank on his plans' popularity in 2022
(DBN)

Beto O’Rourke jumps into Texas governor’s race • Democrats face steep climb in Texas as O'Rourke mounts governor bid
(DBN)

It’s Not Just White People: Democrats Are Losing Normal Voters of All Races
(DBN)

‘He’s nuts and he’s got a vendetta’: Cuomo won’t leave New York alone
(DBN)

____________

 
New Bankruptcy Opinions
(4 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 (0 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)

______________

Avoidance Actions:

Second Circuit Adopts "Control Test" for Imputation of Fraudulent Intent in Bankruptcy Avoidance Litigation
(DBN)

____________

Ch. 15:

New York Bankruptcy Court Rules that Good Faith Is Not the Gatekeeper to Chapter 15
(DBN)

Eleventh Circuit Splits From Second Circuit on Finality of Chapter 15 Discovery Orders
(DBN)

____________

Solvent Debtors:

Another Bankruptcy Court Rules the "Solvent Debtor Exception" Survived Enactment of the Bankruptcy Code
(DBN)

____________

Liens:

An Equitable Tightrope: Blackjewel's Balancing Act on After-Acquired Property in Bankruptcy
(DBN)

____________

Summary Judgment:

Fifth Circuit Reminds Courts About Summary Judgment Standard
(DBN)

____________

Automatic Stay:

Kumtor Gold Challenges the Practical Application of the Automatic Stay's Global Reach
(DBN)

____________

Bankruptcy Remoteness:

Another Bankruptcy Court Joins the Debate on the Validity of Bankruptcy Blocking Restrictions
(DBN)

____________

Preclusion:

Fifth Circuit Binds Creditor To Plan Terms in Subsequent Case
(DBN)

____________

Aviation:

American Airlines bets on non-stop travel demand as it relaunches India flights
(DBN)

Airlines are gearing up for a busier — and costlier — holiday season as fuel prices rise
(DBN)

“It’s a free country”
(DBN)

Singapore to Open Vaccinated Travel Lanes with India, Indonesia
(DBN)

U.S. EPA will not rewrite airplane emissions rules finalized under Trump
(DBN)

____________

Education:

After decades of increases, a drop in the number of international students in the United States
(DBN)

New Hampshire Moms for Liberty chapter offers $500 to anyone who can catch teachers breaking a new 'discrimination' law
(DBN)

America's teacher shortage will outlast the pandemic
(DBN)

Some U.S. states dangle cash and scholarships to get children vaccinated.
(DBN)

Parents protesting 'critical race theory' identify another target: Mental health programs
(DBN)

Virginia prof under fire after saying sexual attraction to children isn’t always immoral
(DBN)

____________

Mass Torts:

Landmark opioid trial of 3 major pharmacy chains nears its end
(DBN)

McKesson Opioid Trial Begins With $95 Billion Potentially at Stake
(DBN)

9/11 Victim Fund Director Feinberg Is Named Mediator for J&J Fight
(DBN)

New York Court Permits Asbestos Claimants to Proceed Against Insurers with Buyout Agreements
(DBN)

Washington state, in $95 billion opioid trial, blames drug distributors for crisis • Washington state seeks $38 billion from opioid distributors
(DBN)

____________

Autos:

Tesla's Elon Musk spends another weekend insulting people on Twitter
(DBN)

Elon Musk exercises options, sells another $930 million in Tesla stock • More Than Just Musk Selling Tesla Stock
(DBN)

Tesla Shares Approach Bear Market Territory on Prolonged Selloff
(DBN)

____________

Climate:

Manchin set to make or break Biden's climate pledge
(DBN)

The brutal gap between ambition and reality in addressing climate change
(DBN)

What the world did and didn’t accomplish at COP26
(DBN)

Making sense of the Glasgow climate deal
(DBN)

‘A real Hail Mary’: Experts say net zero 2050 plan fails to account for billions in climate costs
(DBN)

Climate fight hinges on China’s $US6.5trn green investments challenge
(DBN)

'Down' and 'out'? COP26 wording clouds way ahead on climate
(DBN)

Sinking island nation that made eye-catching climate plea laments last-minute deal
(DBN)

New York Regulator Wants Insurers to Disclose Climate Risks
(DBN)

Insurers Are More Jittery About Climate Risk, BlackRock Says
(DBN)

Despite COP26 rhetoric, China's coal production is hitting all time highs
(DBN)

____________

Sovereigns:

Restructurings in Emerging Economies One Year into the COVID-19 Pandemic
(DBN)

____________

UK:

Johnson Warns New U.K. Lockdown Not Ruled Out as NHS Struggles
(DBN)

No 10 plans booster jab requirement for people to obtain Covid pass
(DBN)

EU Warns of Serious Consequences If U.K. Scraps Northern Ireland Deal
(DBN)

Bank of England Boss Says He’s ‘Very Uneasy’ About Surging Inflation
(DBN)

Pound rises as latest U.K. jobs data seals case for Bank of England rate hike
(DBN)

UK economy withstands end of jobs support, easing BoE worries - Metro US
(DBN)

____________

EU:

ECB's Lagarde keeps pushing back on rate hike bets and hopes
(DBN)

Specter of new restrictions rises in Europe with coronavirus cases spiking once again
(DBN)

____________

Japan:

Japan GDP: Economy shrinks more than expected as supply shortages hit
(DBN)

____________

China:

China property hit by rare convergence of demand, supply declines
(DBN)

China Home Prices Decline, Evergrande Bankruptcy Fears Rise
(DBN)

China’s property crackdown sinks economic growth to 90s levels
(DBN)

The world is watching as China’s economy heads for historic fall
(DBN)

____________

Austria:

Austria’s new lockdown applies only to the unvaccinated.
(DBN)

____________

MENA:

Israeli Inflation Unexpectedly Falls in October After Nine Increases
(DBN)

Israel economy grows at less than expected 2.4% annual rate in Q3
(DBN)

____________

Australia:

Court looks at series of transactions which as a whole aim to defeat creditors in a bankruptcy
(DBN)

____________

Cuba:

Cuban authorities crush protest plans in crackdown on dissidents
(DBN)

____________

Germany:

Germany plans curbs for unvaccinated as Europe battles Covid-19 spike • German state health ministers call to extend state of emergency as COVID cases soar • Anti-Vaxxers and Politicians Push Germany to the Brink • Merkel calls on all to get shots to avoid bad virus winter
(DBN)

Certification of controversial Russian gas pipeline suspended by Germany
(DBN)

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