October 26, 2021

The Daily Bankruptcy News

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Law:

Top 30 Biglaw Firm Changes Billable Hours Policy To Include Bonus Credit For Up To 50 Hours Of Diversity Work
(DBN)

Behind Biglaw's Dismal Diversity Numbers
(DBN)

Yes, Some Firms Are Actually Measuring DEI Well
(DBN)

Cleary Names Two New Bankruptcy Counsel
(DBN)

Some Texas law firms are offering signing bonuses as high as $500K to lateral associates
(DBN)

The Great Law Firm Reopening Tracker: 2022 Returns To Office And Vaccination Mandates Abound
(DBN)

Vermont Law School can cover artist’s slavery murals, federal judge rules
(DBN)

The Law Schools That Provide The 'Most Value' For Students (2021)
(DBN)

Lowenstein Sandler law clerk is set to marry Japan’s Princess Mako Bucking tradition, Japanese Princess Mako marries controversial fiance, loses royal status The world's oldest monarchy is running out of royals
(DBN)

Ropes & Gray Names 24 New Partners
(DBN)

This Lawyer Keeps Score For Steph Curry When He's Done With His In-House Work
(DBN)

Let them eat cheesecake on Shavuot, 6th Circuit says in Jewish prisoners’ case
(DBN)

Litigation funder is charged in staged accident plot; high interest rates left little cash for phony plaintiffs
(DBN)

When most of law school faculty were straight white men, how did those who were not bring change?
(DBN)

Bob Woodward finds 'seven conspiratorial actions' by Trump and Bannon Robert Costa: Trump was calling into Willard 'war room' Report: Rally organizers say GOP lawmakers worked on Jan. 6 protests Founder of ‘Cowboys for Trump’ Finally Realizes Ex-President Is a Massive Grifter Candidates tied to Jan. 6 create new headaches for Republicans Democrats say GOP lawmakers implicated in Jan. 6 should be expelled Kick insurrectionists out of Congress White House rejects latest Trump claim of executive privilege Lawmakers defer some Jan. 6 document requests, seek others
(DBN)

Men accused of plotting 'race war' may be sentenced as domestic terrorists, judge rules
(DBN)

‘Unite the Right’ Organizers Are Facing a Court Case That Could Bankrupt Them
(DBN)

Derek Chauvin Still Has To Do His Time... For Now
(DBN)

Search warrant from 'Rust' set details fatal shooting, crew member walkout over production 'disagreements' Baldwin was 'practicing' with gun when it went off, warrant says
(DBN)

Autopsy of Brian Laundrie's remains came back inconclusive, attorney says
(DBN)

Border agents who made violent, lewd Facebook posts faced flawed CBP disciplinary process, House investigation finds
(DBN)

Immigration arrests fell to lowest level in more than a decade during fiscal 2021, ICE data shows
(DBN)

How abortion laws in the U.S. compare to those in other countries
(DBN)

Oklahoma Supreme Court Temporarily Blocks 3 Anti-Abortion Laws Set to Take Effect Next Week
(DBN)

Neo-Nazis hang ‘Vax the Jews’ banner near Texas JCC, synagogues
(DBN)

72-year-old Md. bank robber heads to prison
(DBN)

No Bail for 'Cool Mom' Who Allegedly Plied Teens with Alcohol, Enabled Sexual Assaults
(DBN)

Abandoned children lived with dead brother's remains for months in Houston apartment, sheriff says
(DBN)

Alabama Nurse 'Did Willfully Torture' 12-Year-Old Adopted Daughter by Repeatedly 'Stomping on Her,' 'Starving' the Victim: Prosecutors
(DBN)

Florida Gov. DeSantis recruits unvaccinated officers with cash bonus
(DBN)

Woman injured after man drives into anti-vaccination mandate protest
(DBN)

Pablo Escobar's 'cocaine hippos' can be legally recognized as people, U.S. court finds U.S. Court Recognizes Hippos As Plaintiffs In First-Of-Its-Kind Ruling
(DBN)

Texas man who fatally shot Moroccan man in unfamiliar car in driveway charged with murder Texas Man Faces Murder Charges After Shooting Unarmed Moroccan National Who Pulled into His Driveway
(DBN)

America's gun culture is priming us for authoritarianism
(DBN)

In Louisiana, a father, a son and a culture of police abuse
(DBN)

Florida Man Plotted to 'Snatch Up a Lil Girl,' Had List and Materials For 'Abduction, Rape, Murder, and Disposal of a Small Child': Police
(DBN)

Texas Man Sentenced to Life in Prison for Beating Toddler to Death After She Put Her Shoes on Wrong Feet Days Before Her Birthday
(DBN)

‘The Practice’ vs. ‘Boston Legal’: How the original stacks up to the spinoff, part 1
(DBN)

‘I Guess Ted Bundy Was a Nice Guy, Too’: Attorney Horrified by DUI Prosecutor’s Alleged ‘Torture’ of Family
(DBN)

'Is This Chris Hansen lol': Florida Man Busted in 'To Catch a Predator'-esque Sting Operation Gets 12 Years in Prison After Pleading Guilty
(DBN)

Woman, 20, Arrested For Battering Her Mother With Tacos
(DBN)

Prince Andrew Must Testify in Sex-Assault Suit Before July 14
(DBN)

FBI says it undercounted hate crimes in 2020
(DBN)

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Judges:

BK MD AL to Return to In-Court Hearings
(DBN)

Federal judges will reportedly face stiffer stock-trading rules under proposed bipartisan bills Bipartisan lawmakers target judges' stock trading with new bill
(DBN)

PA Judge Dinged By State Bar For Filthy Ad Campaign
(DBN)

No Wonder This Supreme Court Justice Gets On Board With Lost Causes
(DBN)

Judge Suspended For... Raising Money For Hurricane Victims
(DBN)

Trump’s judges will call the shots for years to come. The judicial system is broken
(DBN)

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Wall Street:

Futures point to further Wall Street records ahead of earnings onslaught Dow futures up more than 100 points after closing at record, with big tech earnings on deck
(DBN)

Dow, S&P 500 hit fresh records ahead of mega-cap tech earnings
(DBN)

Investors Chase Trump Hype to $12 Billion
(DBN)

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Crypto:

Bitcoin Is Still Concentrated in Few Hands, Study Finds
(DBN)

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Food/Beverage:

Popeyes Is Closing Some Restaurants Early on Staff Shortages
(DBN)

____________

Cruise Lines:

Cruises will no longer be required to follow CDC rules starting in January
(DBN)

____________

Hollywood:

'Rust' is pausing production amid the investigation into prop-gun shooting that killed cinematographer Search Warrants Detail Crew-Member Walkout and More Before Deadly Shooting on Set of Alec Baldwin Film In fatal shooting, some political foes take aim at Baldwin Assistant director of Baldwin film fired after 2019 mishap
(DBN)

____________

Healthcare:

Coronavirus tally: Global cases of COVID-19 top 244 million and travelers to U.S. face new rules on vaccination COVID cases falling, but trouble signs arise as winter looms
(DBN)

Gottlieb says he’ll get his young kids Covid shots as soon as they’re eligible
(DBN)

Long Covid ‘is a very debilitating condition with serious cognitive conditions,’ says researcher
(DBN)

CDC director encourages kids to go outside on Halloween and 'enjoy your trick-or-treating'
(DBN)

Arizona's pandemic outlook worries experts as mask and vaccine mandate battles rage
(DBN)

Fox News host Neil Cavuto makes vaccine plea after breakthrough case: 'Take the political speaking points and toss them'
(DBN)

Medical debt is the leading cause of bankruptcy, data shows: How to reduce your hospital bills
(DBN)

Paying Americans to Get a Vaccine Doesn’t Work, New Study Shows
(DBN)

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Economy:

Seven High Frequency Indicators for the Economy
(DBN)

Everyday prices are soaring — so why are stocks still flying high?
(DBN)

Larry Summers Takes Inflation Debate With Janet Yellen to Twitter
(DBN)

Greenspan Sees Sustained Inflation Well Above the Fed’s 2% Goal
(DBN)

Cathie Wood disputes Jack Dorsey’s hyperinflation warning, says prices will fall after holidays
(DBN)

Fed faces challenges to credibility
(DBN)

High Inflation May Be Broadening, St. Louis Fed Economist Says
(DBN)

Biden has few options to combat surging gas prices as inflation concerns grow
(DBN)

For evidence of inflation, look no further than kids' feet
(DBN)

3M tightens full-year profit outlook on supply chain disruptions Hasbro warns supply chain bottlenecks to hit holiday sales
(DBN)

UPS stock rallies after profit and revenue beats, as all business segments top forecasts
(DBN)

Democrats are inching toward new wealth taxes to finance a scaled-down spending plan to expand the child tax credit, provide housing aid, and more Ray Dalio says he would support a billionaire tax — just not this one So what exactly is a billionaires' tax — and how would it work? Rich tax may flunk Billionaire tax criticized as Biden pushes for budget deal Dems plan billionaires’ unrealized gains tax to help fund $2T spending bill U.S. billionaire tax proposal seems to unite Democrats - but will it work? Manchin Says Framework Deal for Biden Plan Possible This Week A wealth tax is a good idea - if we had a different Supreme Court Billionaire tax gains momentum Additional Medicare, Medicaid benefits may be whittled or cut as Democrats woo moderates Democrats resurrect Warren's wealth tax, at a critical moment for Biden 5 sticking points holding back Democrats' spending package Sanders faces difficult choice on slimmed-down budget bill Manchin shutting down Sanders on Medicare expansion Democrats face critical 72 hours
(DBN)

Biden 'positive' on budget deal; Manchin OK with wealth tax
(DBN)

Denver's airport held a job fair to plug its huge labor shortage. An exec said he'd hoped 5,000 people would come - but only 100 showed up.
(DBN)

No end in sight for labor shortages as U.S. companies fight high costs
(DBN)

A record amount of Americans quit their jobs in August
(DBN)

A Gen Zer who quit 2 jobs during the pandemic says it's time to seize the day: 'There are so many openings in my area and I know what I'm worth'
(DBN)

The State Where the Most People Are Quitting Their Jobs
(DBN)

Quits in the private sector vs. quits in government
(DBN)

The pandemic pushed hospitality workers to make a switch
(DBN)

Business groups ask White House to delay Biden Covid vaccine mandate until after the holidays
(DBN)

I own a Texas business. I believe in vaccines - but not mandates anymore.
(DBN)

Emergency Workers Come Out in Force in Mass Protest Against New York Vaccine Mandate ‘We will not comply!’: NYC workers protest vax mandate with march across Brooklyn Bridge
(DBN)

Political Views Not Grounds for Vaccine Exemption, EEOC Says
(DBN)

New York Police Union Sues to Block City’s Covid Vaccine Mandate
(DBN)

Alabama Gov. Kay Ivey joins states pushing back against Biden administration's vaccine mandates
(DBN)

Biden on the sidelines of 'Striketober,' with economy in the balance
(DBN)

Why many Black employees don't want to return to the office
(DBN)

Chicago poised to create one of the nation's largest 'guaranteed basic income' programs
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

Emergency rental relief ticked up slightly in September, but issues getting money out the door persist Federal Aid to Renters Picked Up to $2.8 Billion in September
(DBN)

Freddie Mac: Mortgage Serious Delinquency Rate decreased in September
(DBN)

MBA Survey: "Share of Mortgage Loans in Forbearance Decreases to 2.21%"
(DBN)

Housing and Recessions
(DBN)

Housing Inventory Oct 25th Update: Inventory Down Slightly Week-over-week
(DBN)

Manhattan Luxury Apartment Sales See Biggest Week Since 2013
(DBN)

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Municipalities:

Puerto Rico Bankruptcy Judge Threatens Dismissal of Case Without Plan
(DBN)

Puerto Rico debt restructuring at risk amid uncertainty over key bill
(DBN)

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Oil/Gas:

Dwindling Oil Supply at U.S. Hub Is Rippling Into Global Markets
(DBN)

Oil prices edge lower, still close to highs on short supply
(DBN)

Exxon CEO Floats Pay Hikes to Combat ‘Major’ Employee Attrition
(DBN)

Tesla Touches Trillion Dollar Mark as EVs Go Mainstream Hertz order for Teslas ranks among biggest-ever EV purchases
(DBN)

Americans are buying Teslas, not EVs, but experts say that’s about to change
(DBN)

____________

Mass Torts:

Stay and Direct Appeal Requests Denied in Purdue Pharma; District Court Commits to Shielding Case from Equitable Mootness Concerns
(DBN)

____________

Education:

Howard students occupy University Center after weeks of living with mold, rats in dorms
(DBN)

Parents Caught on Video Dragging Driver Off of School Bus, Beating Her in the Street While 'Screaming' and 'Scared' Students Watched
(DBN)

Longer Covid School Closures Seen Denting Students’ Future Earnings
(DBN)

____________

Retailing:

Amazon says it’s prepared for supply chain snarls as holidays loom
(DBN)

A mom told Jeff Bezos that Amazon was underpaying her $90 a month, sparking an internal probe that found the company was shortchanging some workers, a report says
(DBN)

____________

Sports:

Supporters of unvaccinated NBA star Kyrie Irving storm past barricades outside game
(DBN)

Texas Gov. Greg Abbott signs Texas law targeting trans youth in sports
(DBN)

Unvaccinated athletes face 21-day quarantine at Beijing Olympics
(DBN)

____________

Theme Parks:

Disneyland Raises Highest Ticket Price by 6.5% to $164 a Day
(DBN)

____________

Religion:

Young People Say Disconnect Keeps Them From Church
(WSJ)

Crimes against houses of worship are on the rise
(DBN)

____________

Politics:

How unpopular is Joe Biden?
(DBN)

Axios-Ipsos poll: Confidence in Biden COVID recovery tumbles
(DBN)

What drives Sinema? A different view of politics
(DBN)

Democrats hope spending deal this week can turn around Biden's polling slide
(DBN)

Judge Rules James O’Keefe's ‘Project Veritas’ Is ‘Political Spying’
(DBN)

Donald Trump Jr. sells T-shirts mocking Alec Baldwin's fatal shooting
(DBN)

Greene fined a third time for refusing to wear mask on House floor
(DBN)

The Trump team and Fox News alleged dead voters. Most cases were either debunked or actually involved Republicans.
(DBN)

The Death of White America Has Been Greatly Exaggerated
(DBN)

____________

 


New Bankruptcy Opinions
(4 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (8 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (3 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)

______________

Bankruptcy Statistics:

COVID to Test Bankruptcy Infrastructure
(DBN)

______________

Proofs of Claim:

Lending Money to a Friend, You Lose Both the Friend and the Money
(DBN)

____________

Bankruptcy Remoteness:

Bankruptcy Court Dismisses Company’s Chapter 11 Case, Holding That LLC Agreement that Limited Right to File Bankruptcy Did Not Violate Public Policy
(DBN)

____________

Bankruptcy Strategy:

Companies Often Overlook Planning for Post-Bankruptcy Success, New FTI Consulting Study Finds
(DBN)

____________

Student Debt:

Private equity firms are screwing over student-loan borrowers, workers, and consumers, Elizabeth Warren says in a call for fixing the bankruptcy process
(DBN)

A growing number of colleges are abolishing student loans to avoid making the $1.7 trillion debt crisis worse
(DBN)

____________

Labor:

‘Suicide Shifts,’ 7-Day Weeks Fuel Rare Flare-Up in U.S. Strikes
(DBN)

____________

Aviation:

United Tells Judge Unvaccinated Pilots Are Costing It Millions
(DBN)

The CDC has no plans to stop flights coming from the UK despite the rise of a new Delta-related variant
(DBN)

Administration unveils new Covid vaccine, testing requirements for entry to U.S. U.S. releases updated vaccination, testing rules for foreign travelers U.S. to require contact tracing, Covid tests when international visitor curbs lift next month Travel ban will end Nov. 8 for international visitors who show proof of vaccination, negative coronavirus test
(DBN)

JetBlue stock gains after a narrower-than-expected loss, revenue that rose 4-fold to beat forecasts
(DBN)

ADM Bets Big on Clean Jet Fuel as Airlines Aim to Cut Emissions
(DBN)

____________

Tech:

The Facebook Papers: dozens of stories based on leaked whistleblower documents just dropped 10 Shocking Revelations From the Facebook Papers Facebook admits site appears hardwired for misinformation, memo reveals People or profit? Facebook papers show deep conflict within Not stopping 'Stop the Steal:' Facebook Papers paint damning picture of company's role in insurrection As a mob breached the Capitol, anger and dissonance coursed through Facebook's ranks Facebook froze as anti-vaccine comments swarmed users Whistleblower Haugen says Facebook makes online hate worse Facebook documents offer a treasure trove for Washington’s antitrust war Facebook researchers saw how its algorithms led to misinformation Facebook Staff Complained for Years The massive Facebook leak shows how investigative journalism is changing
(DBN)

Mark Zuckerberg reportedly helped reinstate a video that falsely claims abortion is 'never medically necessary,' caving to complaints of Republican politicians
(DBN)

Facebook invests billions in metaverse efforts as ad business slows
(DBN)

____________

Autos:

Tesla soars 8% to a nearly $1 trillion valuation after Hertz orders 100,000 Model 3 vehicles
(DBN)

Just months after bankruptcy, Hertz says it will buy 100,000 Teslas for new electric fleet Everything You Need to Know About Renting a Tesla at Hertz Elon Musk’s Fortune Surges to $281 Billion on Hertz Order Elon Musk made $36 billion in a single day on Tesla's historic stock surge
(DBN)

October Vehicle Sales Forecast: "First Month-to-Month Improvement Since April"
(DBN)

Chip shortage drags down sales at car parts maker Faurecia
(DBN)

Prelude to a cover-up: Truth strikes out at Nissan
(DBN)

____________

Fraud:

Georgetown's Former Tennis Coach Pleads Guilty in ‘Varsity Blues’ Case
(DBN)

The legacy-admissions racket, explained
(DBN)

Software executive sentenced to 9 years for role in $50 million horoscope text-messaging fraud
(DBN)

“Uh, no”—Pfizer scientist denies Holmes’ claim that Pfizer endorsed Theranos tech
(DBN)

____________

Climate:

Climate Change-Related Breach of Fiduciary Duty Lawsuits?
(DBN)

UN: Nations' official climate plans fall far short of Paris goals Ahead of COP26 climate summit, world remains on a dangerous trajectory and financial pledges are falling short Greenhouse gas levels hit a new record, cuts fall short, U.N. finds UN Says World On Course to Warm 2.7°C Based on Current Plans
(DBN)

Majority in US concerned about climate: AP-NORC/EPIC poll
(DBN)

Rich Nations Fail to Meet Climate Finance Target in Blow to COP
(DBN)

Atmospheric river unleashes record-setting rain, flooding in California ‘Bomb Cyclone’ Snuffs Out California’s Massive Dixie Wildfire Mudslides Shut California Highways After Storm Dumps Record Rain
(DBN)

This State Is About to Get Hit Hard by Drought
(DBN)

The climate catastrophe is here, whether governments face it or not
(DBN)

NYC Faces Flash Flooding Risk as Storm Moves In
(DBN)

Australia pivots on climate with 2050 net zero target, but won't adopt steeper 2030 commitment
(DBN)

____________

Sports:

American businessman looking to rescue English team Derby
(DBN)

____________

Sovereigns:

Sovereign debt restructurings in Latin America: A new chapter
(DBN)

____________

UK:

Insolvency Service cracks down on Bounce Back Loan abusers
(DBN)

U.K.’s New Hourly Minimum Wage Falls Short of Voters’ Hopes
(DBN)

Covid in Scotland: Hundreds refused entry in vaccine passport 'chaos'
(DBN)

____________

Canada:

Laurentian University president says no option but insolvency, former prof begs to differ
(DBN)

____________

Italy:

Decline and near fall of Italy's Monte dei Paschi, the world's oldest bank
(DBN)

____________

China:

Evergrande: International bond investors facing 22.5 billion USD write-offs
(DBN)

____________

Cambodia:

Cambodia’s Rarely Used Bankruptcy Laws in Spotlight After Online Seller’s Plea
(DBN)

____________

Mexico:

Shock Contraction Is ‘Bad News’ for Mexico, Sows Recovery Doubts
(DBN)

____________

India:

A Proposal to Add Mediation within India’s Corporate Insolvency Resolution Process
(DBN)

____________

New Zealand:

Prime minister flags vaccine mandate for 40% of New Zealand workforce
(DBN)

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