April 1, 2022

The Daily Bankruptcy News

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Law:

Paul Hastings unveils hire of 'extraordinary' 18-partner Stroock restructuring team
(DBN)

With some partners earning as much as $20M, older lawyers may consider retirement
(DBN)

The $20 Million Biglaw Partner AKA 'The Kirkland Effect'
(DBN)

Jones Day Leader Said to Step Down, Four Possible Successors
(DBN)

Law student files 'motion' for homework extension to see UNC-Duke game
(DBN)

Associate Lateral Moves Increased By Nearly 149% In 2021
(DBN)

How law firms are structuring partnership agreements to curb lateral movement
(DBN)

Survey: Legal Departments' Failure To Adopt Technology Forcing In-House Lawyers To Return To Office, Despite Clear Preference For Hybrid
(DBN)

Lack of progress on innovative pricing 'deep rooted issue' for legal profession, new research finds
(DBN)

Former BigLaw partner's lack of 'introspection' leads to recommendation against reinstatement
(DBN)

'Woke Curriculum' Based On Actual Supreme Court Cases Terrifies Conservatives
(DBN)

Davis Polk Loves This Law School
(DBN)

Zoom 341 Meetings Coming Soon
(DBN)

Here's what could have been behind the shake-ups in US News rankings, say some deans
(DBN)

'Placid' lawyer pleads guilty to assaulting former colleague
(DBN)

Lawyers forced to work for sanctioned Russian bank
(DBN)

Ukraine Government Taps Big Law Firms for War Crimes Task Force
(DBN)

Schadenfreude: From Misbehaving Clients To Misbehaving Celebrities
(DBN)

Lawyer fired after cancer treatment leave was unfairly dismissed
(DBN)

Are Attorneys Responsible For $600M 'Stupid' Mistake?
(DBN)

Man tells jury: I never agreed to kidnap Gov. Whitmer
(DBN)

First caravan sets off from Mexico bound for the US after Biden revealed he would end Title 42 • Manchin opposed to Biden plan to drop Title 42 at border
(DBN)

These four Ukrainians tried to cross the U.S. border. Here's what happened.
(DBN)

Ukrainians in US mobilize to help 100,000 expected refugees • To Accept Ukrainian Refugees Biden Needs to Reverse Trump Immigration Cuts
(DBN)

Biden administration border plan poses midterm danger for Democrats
(DBN)

Florida LGBTQ+ groups, families challenge 'Don't Say Gay' law in new lawsuit
(DBN)

CNN: 'Realistic chance' Hunter Biden could be indicted • New details emerge about federal investigation into Hunter Biden • Federal investigation of Hunter Biden heats up • Inside Hunter Biden's multimillion-dollar deals with a Chinese energy company
(DBN)

Bolton pushes back on Trump, says he was familiar with burner phones • Official review found Jan. 6 White House phone records complete: report • New Clue on Trump Call Gap • Jan. 6 Panel Weighs Subpoena of Trump's Personal Phone Records • Kushner Appears Before Jan. 6 Panel • Justice Dept. expands Jan. 6 probe to look at rally prep, financing • Trump aides can be prosecuted for contempt -- thanks to this important ruling • DOJ expands Jan. 6 probe to include planning of 'Save America' rally • Federal prosecutors expand criminal probe into January 6, examining rally planning and fake electors • Trump's 8-hour gap: Minute-by-minute during Jan. 6 riot • Ohio Couple Who Pulled Police Barricade into Crowd Before Breaching the Capitol Building on Jan. 6 Sentenced to Probation • 'You Guys Are Losing a Lot of Bodies': Missouri Man Accused of Accosting, Taunting Police at U.S. Capitol on Jan. 6 • 'We Took It. They Ran. And Hid.': Florida Man Who Pushed His Way Inside the Capitol Rotunda on Jan. 6 Pleads Guilty to Felony • Jan. 6 committee revelations are crucial for preventing the next coup • FBI in Dallas Is Still Looking for Alleged Capitol Rioters from North Texas
(DBN)

Federal judge complains prosecutors want more jail time for Jan. 6 breach than for Kavanaugh protester
(DBN)

Michael Sussmann's Attorneys Slam 'Unprecedented' Prosecution, Say Alleged Lies Weren't 'Material' to Whether the FBI Investigated Trump
(DBN)

Judge Tells Charged Indianapolis Cop to Go Downtown, Get Booked and Photographed Like Any Other Defendant
(DBN)

Academy: Will Smith refused to leave Oscars after Rock slap • TMZ: The Academy lied about asking Will Smith to leave after slapping Chris Rock • Pressure Mounts On Academy To Release Secret Three-Second Video • LAPD Wanted to Arrest Will Smith
(DBN)

Alex Jones faces fines for skipping Sandy Hook deposition • Alex Jones, Get Out Your Checkbook! • Alex Jones Takes Sandy Hook Contempt Ruling to Connecticut Supreme Court, Balks at 'Difficult Task' of Paying More Than '$100,000 Per Day' in Sanctions
(DBN)

'You're here about the body in my kitchen': Texas man reportedly kept son's remains in house since 2018
(DBN)

Silence by Brian Laundrie's Parents After Gabby Petito Disappeared Was 'Legally Permissible, Constitutionally Protected,' and 'Not Outrageous': Defense Attorney
(DBN)

Historian confirmed as envoy to fight antisemitism
(DBN)

Jeffrey Epstein helped Ghislaine Maxwell's father Robert hide his stolen Mirror pension millions to avoid tax, new BBC series says
(DBN)

South Dakota AG Pulled Rank on Tickets
(DBN)

Police shoot 'hero' after he disarms gunman, is mistaken for suspect, lawyer says
(DBN)

5 fetuses found in D.C. home of woman charged in abortion clinic blockade
(DBN)

______________

Judges:

Graham to vote against Jackson's Supreme Court nomination • Graham, Once a Backer of Jackson, Says He Will Oppose Her Confirmation
(DBN)

The Hyperbole and Horror of Ginni Thomas
(DBN)

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Wall Street:

U.S. stock futures rise ahead of payrolls data
(DBN)

Losing 5% Was Best You Could Do in Stocks and Bonds This Quarter
(DBN)

Goldman's Oppenheimer Sees U.S. Stock Rally Running Out of Steam
(DBN)

______________

Layoffs:

More Americans apply for jobless benefits; layoffs still low
(DBN)

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Crypto:

Russian invasion thrusts crypto into spotlight
(DBN)

Ukraine's Crypto Banker Describes How War Is Changing His Life
(DBN)

Turkey Seeks Thousands of Years Jail Time for Missing Crypto CEO
(DBN)

New Survey Finds That 21% Of Americans Are Embracing Cryptocurrency
(DBN)

Why some charities are rethinking cryptocurrency donations
(DBN)

____________

Climate:

Climate change that happened gradually is accelerating suddenly
(DBN)

7 hurt in Arkansas tornado as storms move into Deep South • "Everything is gone": Destructive tornadoes, storms tear through South
(DBN)

U.K. Emissions Rose 4.7% in 2021 as People Went Back to Work
(DBN)

Hedge Fund CFM Sees 'Big Repricing' for Banks Over Climate Risks
(DBN)

____________

Healthcare:

COVID pandemic's end may bring turbulence for US health care
(DBN)

112 million Americans struggle to pay for healthcare: report
(DBN)

Biden says U.S. turning corner on COVID, but experts are worried that BA.2 is pushing cases higher in 15 states
(DBN)

Senators trade offers in scramble for coronavirus deal • U.S. Senators Near Deal on Smaller Bill to Fund Covid-19 Fight
(DBN)

Ivermectin ineffective at preventing COVID-19 in new, large study
(DBN)

Omicron More Severe for Unvaccinated Children Than Other Strains
(DBN)

WHO unveils plan to end global COVID-19 emergency in 2022
(DBN)

Politics undermined essential lessons and solutions during the pandemic
(DBN)

Many of Us Want to Age at Home. But That Option Is Fading Fast.
(DBN)

Even after Singapore lifts restrictions, residents stick to their masks
(DBN)

____________


Economy:

A key inflation gauge sets 40-year high as gas and food soar • Risk of 1970s-Style Shock Rising
(DBN)

Weekly Initial Unemployment Claims Increase to 202,000
(DBN)

March Employment Preview
(DBN)

Personal Income increased 0.5% in February; Spending increased 0.2%
(DBN)

Wall Street Is All-In on an All-In Fed Hiking Rates by Half-Points
(DBN)

Governments Must Act to Ease Tight Labor Markets, IMF Study Says
(DBN)

Barclays Hikes U.S. Minimum Wage to at Least $20.50 in Tight Labor Market
(DBN)

U.S. Inflation-Adjusted Spending Falls as Prices Temper Demand
(DBN)

Putin Says Gas Exports to Be Halted If Payments Not Made in Rubles • Seafood biz braces for losses of jobs, fish due to sanctions • Despite sanctions, ruble and banks • How Russian oligarchs are finding safe havens outside the West • Opinion: Why Russia's elite are the key to Putin's downfall • Russia raises stakes by insisting on rubles for gas • Quitting Russia LNG Proves Tough as Nation's Exports Stay Strong • Russia: Gas payments must be made via Russian bank accounts • Russia Offers Oil to India at Steep Discount to Pre-War Price • U.S. Criticizes India Over Russia Talks as Lavrov Visits Delhi • US, UK say they won't tell India what to do on Russian imports • War Sanctions Snag Russia's Building of Nuclear Plant in Turkey • ECB in Daily Contact With Banks on Russia Sanctions • Russian Rail Among Firms That Miss Bond Deadlines Due to Banks • Russia Gives First Peek Into Currency Reserves Since War Started • U.S. Targets Russian Chip Exporter in Fresh Round of Sanctions • The US Can't Seem to Quit Russian Uranium • Silicon Valley distances itself from oligarchs • Russia is Finished as a Major Energy Supplier
(DBN)

Global Food Security Is Facing Serious Threats, Syngenta Says • East Africa faces worst hunger crisis in decades • World Bank urges support for poor as food prices soar
(DBN)

WI: Foxconn Debacle Continues to Bite
(DBN)

Romney: Cut Retirement Benefits for Young
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

Fannie Mae: Mortgage Serious Delinquency Rate Decreased in February
(DBN)

Corporate landlords are gobbling up U.S. suburbs. These homeowners are fighting back.
(DBN)

Dented dishwashers and missing floor tile: The war in Ukraine has made it a lot harder to build homes in America
(DBN)

Federal Reserve warns of "brewing U.S. housing bubble"
(DBN)

U.S. Mortgage Rates Soar Again, Reaching Highest Since Late 2018 • Mortgage rates are rising faster than they have in more than a decade
(DBN)

Soaring Mortgage Rates in U.S. Dent Demand for Vacation Homes
(DBN)

California lawmakers extend eviction ban for some renters
(DBN)

Don't Compare the Current Housing Boom to the Bubble and Bust
(DBN)

____________

Oil/Gas:

Ruby Pipeline Files to Reorganize Under Chapter 11 of The Bankruptcy Code
(DBN)

Oil Drillers Say Scarce Steel Is One Reason for Flat U.S. Output
(DBN)

IEA to Hold Emergency Meeting on Oil Prices
(DBN)

Biden Wants Oil Companies to Pay Penalties on Unused Drilling Leases
(DBN)

OPEC sticks to modest boost in oil despite war jitters
(DBN)

Biden administration announces largest-ever oil reserve release • What a 180-Million-Barrel Oil Release May Mean for the Market • U.S. Oil Curve Flattens as Strategic Release Blunts Supply Risk
(DBN)

Biden Invokes Cold War Powers to Boost EV Battery Production
(DBN)

Toyota Poised for Sales Victory Lap as Gas Prices Boost Hybrids
(DBN)

____________

Religion:

A Jan. 6 pastor divides his Tennessee community with increasingly extremist views
(DBN)

First Nations members urge Pope Francis to revoke papal decrees
(DBN)

____________

Retailing:

Some of J.C. Penney's retirees are still in limbo as bankruptcy winds down
(DBN)

____________

Agribusiness:

U.S. Farmers Pivot From Corn to Soy Amid Fertilizer Crunch
(DBN)

Chocolate Is Big Money—But Not for Farmers
(DBN)

____________

Student Debt:

Who will pay if Biden cancels student debt?
(DBN)

Student loan servicer misled borrowers about relief program, CFPB says
(DBN)

Durbin, Murray, Schumer, Senators Call on Department of Education, DOJ to Follow Through on Pledge to Improve Handling of Student Debt Bankruptcy Claims
(DBN)

Senate Democrats urge changes for student loan borrowers in bankruptcy
(DBN)

____________

Aviation:

Airlines want to drop COVID-19 travel precautions. Is now the right time?
(DBN)

Airline Chiefs Want Government Aid to Reduce Carbon Emissions
(DBN)

Congress is moving to curb toxic fumes on airplanes
(DBN)

Ryanair Says Summer Travel Demand Will Withstand Oil-Price Surge
(DBN)

Qantas Places Burden of Cleaning Up Aviation on Sustainable Fuel
(DBN)

South Korea reopens to fully vaccinated foreigners, quarantine-free
(DBN)

____________

Labor:

Some agencies resist Biden's pro-labor orders, federal union says
(DBN)

____________

Autos:

Ford, GM to halt production at two Michigan plants due to parts shortage
(DBN)

US Senators Call for Investigation of Hertz Stolen Vehicle Reports
(DBN)

____________

Hotels:

Hotels: Occupancy Rate Down 5.5% Compared to Same Week in 2019
(DBN)

____________

Celebs:

Venus and Serena's stepmom, 43, files for bankruptcy in a last-ditch effort to keep the crumbling Florida home where 80-year-old husband 'King' Richard Williams turned his daughters into tennis superstars
(DBN)

____________

Politics:

Trans athletes become campaign flashpoint for GOP
(DBN)

Pence unveils Republican policy agenda for midterm elections
(DBN)

'He's an embarrassment': Republicans threaten to primary Cawthorn over controversial antics • Madison Cawthorn's antics miff GOP
(DBN)

Trump's push for Russian dirt on Biden is latest GOP headache • Trump is asking a US enemy to damage the American commander-in-chief
(DBN)

Trump can't get his Georgia allies to back David Perdue for governor
(DBN)

Arizona enacts new retroactive proof-of-citizenship voting law that could throw elections into chaos: report
(DBN)

AZ: Law Limits Transgender, Abortion Rights
(DBN)

Biden faces fire from left on increased defense spending
(DBN)

New York judge strikes down Democratic-drawn maps • New York Told to Redraw Voting Map
(DBN)

Federal Judge Blocks Florida's New Voting Law
(DBN)

The House Map's Republican Bias Will Plummet In 2022 — Because Of Gerrymandering
(DBN)

SCOTUS' Assaults on Voting Rights
(DBN)

___________

 
New Bankruptcy Opinions
(14 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (15 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (19 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 Reform:

Expanded Subchapter V Access Rides Off Into the Sunset
(DBN)

____________

Discharge:

Copper Creek Confirms That Bankruptcy Discharges Have No Effect on the Statute of Limitations in Washington State
(DBN)

____________

Make-Whole:

Hertz Bankruptcy Court Weighs In on Make-Whole Premiums, Solvent-Debtor Exception, and Pendency Interest
(DBN)

____________

Sovereign Immunity:

A Growing Circuit Split: Does the IRS Have Sovereign Immunity from Fraudulent Transfer Claims under 11 U.S.C. § 544(b)(1)?
(DBN)

____________

Plan Confirmation:

Modification of Secured Loan under Cram-Down Chapter 11 Plan Warranted Due to Plan Feasibility Threat
(DBN)

Confirmation Denied: Chapter 11 Plan Did Not Satisfy New Value Exception to Absolute Priority Rule Without Market Testing
(DBN)

____________

SCOTUS:

U.S. Supreme Court Bankruptcy Roundup
(DBN)

____________

Cross-Border:

Cross-Border Bankruptcy Update: Bad Faith Not a Basis for Denying Chapter 15 Recognition
(DBN)

____________

Cannabis:

Federal marijuana legalization is stopped in its tracks
(DBN)

____________

Sovereigns:

Russia Bondholders Have No Hope With Default, Top Lawyer Says
(DBN)

Bondholders Brace For Russian Expulsion From $842 Billion Club
(DBN)

Russia Evades Default Again as JPMorgan Processes Bond Payment
(DBN)

Russian Isolation Chills Debt Markets for Ex-Soviet Neighbors
(DBN)

IMF in Talks With Tanzania Over Potential $700 Million Loan
(DBN)

____________

UK:

Commercial landlords and recovery of rent – where are we now?
(DBN)

U.K. Consumers Added $35 Billion More to Savings at End of 2021
(DBN)

U.K. Households Cut Back On Saving as Inflation Bites
(DBN)

London Covid-19 Hospital Cases Rise to Almost Two-Month High
(DBN)

U.K. Plans £71 Million Compensation for British Steel Pensioners
(DBN)

U.K. Economy Grew More Than Expected as Omicron Variant Raged
(DBN)

U.K. House Prices Post Biggest Jump Since 2004, Nationwide Says
(DBN)

____________

EU:

Euro Zone's Consumers Face €230 Billion Energy Shock This Year
(DBN)

Russia Threatens to Cut Off EU's Gas Supply
(DBN)

Regulators raid companies involved in natural gas in Europe.
(DBN)

Europe is preparing to be cut off from Russian natural gas
(DBN)

Putin Says Gas Exports to Be Halted If Payments Not Made in Rubles • Italy: Russia won't seek payment in rubles for gas
(DBN)

____________

Canada:

Former Mississauga MP gets conditional sentence for false bankruptcy filing
(DBN)

RBC warns on 'worst-ever affordability' ahead for homeowners
(DBN)

____________

Russia:

Heavy fighting rages near Kyiv as Russia appears to regroup • Ukraine braces for all-out Russian assault in the east as war enters sixth week • Russia bombards areas where it pledged to scale back • Peace talks set to re-start today; Zelenskyy strips two generals of military status for violating 'allegiance' to Ukraine • Putin ordering draft of 135,000 amid difficulties in Ukraine war • Evacuation buses held at Russian checkpoint • Ukraine again tries to evacuate Mariupol residents after Russia allegedly blocked buses, stole aid • Ukraine's Richest Billionaire Decries Russian Siege in Mariupol • UK spy chief says Russian soldiers disobey orders in Ukraine • Putin popularity up since start of conflict • Russians Embrace Putin's Ukraine War as Kremlin Muzzles Dissent • Former Russian TV host explains surprising Putin poll • U.S. military veterans answer Zelensky's call to fight, but not all are chosen • Ukraine President Appeals for More Military Aid from Australia • Russian Soldiers Leave Chernobyl With Radiation Illness, Energy Company Says • The Belarus 'railway rebels', who dare stop Vladimir Putin's invasion in its tracks • A Belarusian battalion fights in Ukraine 'for both countries' freedom'
(DBN)

Russia's War Is the End of Magical Thinking
(DBN)

Baltics fear NATO membership isn't sufficient to protect against Russia
(DBN)

Chris Wallace rips Putin in first appearance on CNN
(DBN)

'I can fight with a keyboard': How one Ukrainian IT specialist exposed a notorious Russian ransomware gang
(DBN)

Ukraine's Economy to Shrink by a Fifth This Year, EBRD Says
(DBN)

____________

Ireland:

The economics of debt relief during a pandemic: lessons from the experience in Ireland
(DBN)

____________

MENA:

Prime Minister: Israelis with gun licenses should carry arms • Three dead as West Bank violence escalates • IS linked attacks spark fear of new enemy • Jews dreading Ramadan
(DBN)

Middle East at 'Breaking Point' Over Food Prices, UN Says
(DBN)

____________

France:

French Inflation Jumps More Than Expected, Reaching Fresh Record
(DBN)

France's Far Right Turn
(DBN)

____________

Italy:

Italy Weighs €1.5 Billion Boost to Defence Budget
(DBN)

Italian Inflation Surges to 7% on Energy Prices Stoked by War
(DBN)

____________

Germany:

German Unemployment Falls for 11th Month Amid Labor Shortages
(DBN)

____________

Hong Kong:

Hong Kong Retail Sales Plunge 14.6% as Covid Measures Bite
(DBN)

____________

Argentina:

YPF Is a Rare Bright Spot for Argentine Debt After 2021 Default
(DBN)

____________

China:

China Weighs Raising Billions to Rescue Troubled Financial Firms
(DBN)

Tesla Extends Shanghai Plant Shutdown Again as Outbreak Persists
(DBN)

VW to Close Part of Its Factory in Shanghai Amid Covid Lockdowns
(DBN)

Shanghai Will Lock Down 16 Million in Toughest Virus Test Yet
(DBN)

China Factory Activity Contracts as Cities Go Into Lockdown
(DBN)

Trapped Traders Skip Showers, Lose Sleep in Shanghai Lockdown
(DBN)

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