December 14, 2022

The Daily Bankruptcy News

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Law:

This Biglaw Firm Has The Greatest Social Impact
(DBN)

This Currency Crisis Isn't Driving Biglaw Firms To Hunt For Cheap Associate Talent
(DBN)

Litigation Boutique Offers Bonuses Of Up To $575K To Hardworking Associates
(DBN)

Susman Godfrey Tops Big Law With $160,000 Associate Bonuses
(DBN)

Looking To Beat The Market? Pay Attention To This Litigation Firm
(DBN)

SBF claims law firm Sullivan & Cromwell pressured him into bankruptcy filing for legal, consultancy fees
(DBN)

Help Wanted: Self-described GOAT law firm seeks associate with kindergarten-acquired skills, dial-up internet
(DBN)

From Law School Grad To College Football Coaching, Mike Leach Defied Convention
(DBN)

Ex-Husband Allegedly Murders Ex-Wife's Divorce Attorney and Sets His Law Office on Fire in Georgia
(DBN)

Will Trump’s bad polling help send him to prison?
(DBN)

Proud Boys Abruptly Shifted Focus to Anti-LGBTQ Action in 2022
(DBN)

A moment of truth is fast approaching for both Trump and the DOJ
(DBN)

Fix for Electoral College Law to Ride on Year-End Spending Bill, Schumer Says
(DBN)

House Panel Wants to Know If Trump Still Has Secret US Records
(DBN)

Dozens in GOP Demanded Martial Law on Jan. 6
(DBN)

Good Bye Trump Special Master, Hello Trump Special Counsel
(DBN)

Greene creates new headache for McCarthy over Jan. 6
(DBN)

A notorious Trump judge just fired the first shot against birth control
(DBN)

Biden Signs Gay Marriage Law
(DBN)

Uvalde parents have filed a federal lawsuit against gun manufacturers, the school district and others Only 20% of Uvalde sheriff deputies had active-shooter training at the time of the Robb Elementary School shooting, third-party investigation says
(DBN)

The concept of a 'good guy with a gun' stopping violence was floated by the NRA after Sandy Hook. A decade of shootings later, it's still a fantasy.
(DBN)

Breonna Taylor's boyfriend gets $2 million settlement over shooting
(DBN)

For sale: Ghislaine Maxwell’s husband’s $7 million oceanfront home. Proceeds go to her legal fees
(DBN)

Internet sleuths spot mystery group walking in background of grainy bodycam footage two doors down from Idaho murder house - just ten minutes before cops said four students were slain in their beds State Police Obtain Surveillance Footage that Could Provide Key Insight into Car Being Sought in University of Idaho Student Murders Case
(DBN)

New York's Concealed Carry Gun Law Creating 'Restricted Areas' Remains Safe for Time Being as Federal Appeals Court Grants Another Stay
(DBN)

Sexual abuse rampant in federal prisons, bipartisan investigation finds
(DBN)

1,000 migrants in the largest caravan in history crosses the Rio Grande into El Paso
(DBN)

Newsom: Immigration System 'About to Break'
(DBN)

Florida Woman Accused of Ramming Car Full of Children and Using Her Vehicle to Pin Man to a Fence
(DBN)

'Like an Episode of CSI': Cold Case Rape and Murder of 89-Year-Old Florida Woman Closed After Nearly 30 Years
(DBN)

'Monster' Who Raped and Killed Teen and Young Woman in 2011 Sentenced to Prison After Spit on Sidewalk Links Him to LA Murders
(DBN)

How a Curious Cop Led to the Arrest of Man Decades After He Killed a Woman
(DBN)

'A plotline straight out of The Americans': Suburban New Hampshire husband who ran popular online craft store with wife and 'blended' into their neighborhood is indicted for 'smuggling nuclear and quantum computing tech to Russia'
(DBN)

Man Leads Violent Mob to Abduct Woman After She Rejected His Marriage Proposal
(DBN)

OR: Governor Commutes All Death Sentences
(DBN)

______________

Judges:

Justice Jackson uses originalism to undercut 'conservative juristocracy'
(DBN)

Our Supreme Court Has Gone Rogue
(DBN)

Brett Kavanaugh Hangs Out With Matt Gaetz In Most Obvious Turn Of Events Ever
(DBN)

A Federal Appeals Court Is Being Politely Rushed To Figure Out Title 42's Enforcement
(DBN)

______________

Wall Street:

Stock futures are muted as investors await the Federal Reserve’s rate decision
(DBN)

Wharton professor Jeremy Siegel says the Fed will start cutting rates by mid-2023 and stocks are set up for a strong year
(DBN)

Don't expect the Fed to save the day – it'll keep interest rates high even even if a recession crushes stocks next year, BlackRock warns
(DBN)

Mastermind of Tax Scam Gets 8 Years in Prison
(DBN)

In 60 Seconds Before CPI Hit, Heavy Trading Drove Mystery Rally
(DBN)

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Layoffs:

NPR cancels internships, citing economic woes
(DBN)

Laid off tech workers are being wooed by the federal government
(DBN)

Berenberg Lays Off Dozens in Second Round of London Redundancies
(DBN)

Mortgage Lender Lays Off 119 Melville Employees, State Filing Reports
(DBN)

______________

Movie Theaters:

All eyes on Avatar to save struggling box office
(DBN)

____________

Climate:

Hotter, rainier, wetter — climate change is dramatically transforming the Arctic, report finds
(DBN)

Europe Reaches Historic Deal to Put Pollution Price on Imports
(DBN)

Colorado River Users Convene Amid Crisis
(DBN)

Starving seabirds on Alaska coast show climate change peril
(DBN)

World's Permafrost is Rapidly Melting
(DBN)

____________

Tobacco:

New Zealand imposes lifetime ban on youth buying cigarettes
(DBN)

____________

Labor:

Unions, rails clash over hiring data as Union Pacific faces heat in Washington
(DBN)

____________

Autos:

Chapter 11 Is the Best Route for Troubled Auto Part Suppliers
(DBN)

Tesla extends declines amid broader market rally as the EV maker sees stock slashed in half in 2022 Tesla Stock Rout Puts Market Cap Below $500 Billion Tesla Isn't Having the Epic End to the Year Elon Musk Predicted
(DBN)

Carmax Reaches Settlement with 36 States
(DBN)

____________

Fraud:

4 red flags can show when people like Sam Bankman-Fried are lying
(DBN)

Danske Bank Pleads Guilty to US Fraud, Will Forfeit $2 Billion
(DBN)

Fine Wine Ponzi Scheme Accused Facing US Extradition Over Fraud
(DBN)

____________

Healthcare:

Teachers’ union chief won’t testify at last COVID hearing after GOP invitation
(DBN)

Warren, Welch press Pfizer CEO on COVID vaccine price hike
(DBN)

World’s first ‘artificial womb facility’
(DBN)

The White House prepares for an end to the Covid-19 PHE
(DBN)

DeSantis Seeks Florida Supreme Court Probe Into Covid Vaccines
(DBN)

Long Covid Killed More Than 3,500 Americans, CDC Study Shows
(DBN)

____________


Economy:

Fed set to extend inflation fight with 7th rate hike of 2022
(DBN)

Consumer prices rose less than expected in November, up 7.1% from a year ago Tampa Inflation Below 10% Is Best Sign Yet Worst May Be Over for Consumers Powell’s ‘Most Important’ US Inflation Indicator Cools Again US Inflation Relief Is Finally Happening, Putting Fed Pause in View Bond Traders Now Lean Toward Quarter-Point Fed Hike in February Biden Hails Inflation Data as ‘Welcome News’ Ahead of Holidays
(DBN)

The November inflation report won't change Wednesday's Fed decision but could influence a slower pace of tightening next year, economist says
(DBN)

BLS: CPI increased 0.1% in November; Core CPI increased 0.2%
(DBN)

Consumers may feel relief after inflation slowed in November Why America's inflation cooldown might be here to stay Biden hopeful prices will return to normal by end of 2023
(DBN)

The Fed has to portray itself as tough on inflation even as it pushes through a smaller rate hike
(DBN)

Nearly Half of Young Adults Still at Home
(DBN)

Wrong-Way Bets on Inflation Exposed Ahead of Fed Rate Decision
(DBN)

10-year Treasury yield hovers below 3.5% ahead of Fed rate decision
(DBN)

IMF Urges Fed, Central Banks to ‘Stay the Course’ on Inflation
(DBN)

Federal Deficit Widens to Record
(WSJ)

Americans are draining the money they saved during the pandemic
(DBN)

McConnell raises pressure as government funding talks churn on Why the government is constantly on the verge of shutting down McConnell: We're Close to a Spending Deal
(DBN)

Housing, Inflation and Why the Fed Should Consider a Pause
(DBN)

Accounting giant EY is axing holiday bonuses for US staff over uncertain economic outlook: FT
(DBN)

Hate Elon Musk all you want, but he's got one management trick that every boss should emulate
(DBN)

Gallup: Government listed as top problem
(DBN)

US Treasury Warns Social-Security Cuts Would ‘Decimate’ Retirees
(DBN)

EU Gets Closer to Gas Cap But Still Haggling Over Price UK Energy Suppliers Face Soaring ‘Bad Debts’ Over Unpaid Bills UK Grid Paid £27 Million to Keep Lights on in Monday’s Freeze Dutch Shell Companies May Face Measures to Cut Off Russian Money UK’s Grid Says Tests to Cut Household Power Demand Are Working Europe’s Power Grid Strains With High Cost of Low Temperatures Russian Billionaire’s Luxury Riviera Villa Continues to Feel the Freeze European Gas Prices Fall as Cold Blast Forecast to Break in Days Oil Prices May Rally Next Year as Russian Exports Sink, IEA Russia Oil Revenues Dropped in November Amid Discounts, IEA Says Europe Imports Huge Amounts of Diesel With Russia Sanctions Near Russia To Post A Massive $55 Billion Budget Deficit In December
(DBN)

Shippers Decry ‘Notoriously Difficult’ Railroads at US Hearing
(DBN)

ECB to Allow Staff to Work Remotely for About Half of the Time
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

Mortgage rates drop after inflation comes in cooler than expected
(DBN)

Applications to Buy US Homes Rise as Mortgage Rates Hold Steady
(DBN)

CoreLogic: 1.1 million Homeowners with Negative Equity in Q3 2022
(DBN)

Hawaii's Kilauea volcano spews lava everywhere
(DBN)

Top 10 cities that offer homebuyers a better value for money spent
(DBN)

Crown Bank Building Bankruptcy Hearing Postponed
(DBN)

Henderson to purchase defunct casino, redevelop property
(DBN)

Ohana snags Tillary Hotel from bankruptcy as it battles squatters
(DBN)

____________

Oil/Gas:

Oil Giants Set to Slash Overseas Growth Plans, Evercore Says
(DBN)

Ford boosts production of electric F-150 Lightning pickup truck
(DBN)

China’s Covid Pivot Is Set to Worsen the Global Energy Crunch
(DBN)

____________

Crypto:

Gibson Dunn Plays 'Too Big To Fail' Argument For Their Crypto Client
(DBN)

SBF diverted FTX customer funds to political campaigns, SEC says The FTX money trail: Bankruptcy lawyers shift attention to these FTX donees FTX Used Client Assets for Margin Trading at Alameda, Confirms Bankruptcy Lawyer FTX’s Systems Gave Alameda Trades a Secret Speed Edge, CFTC Says $1.6B FTX International Customers Group Hires Law Firm to Create Official Bankruptcy Committee Bankman-Fried Denied Bail Sam Bankman-Fried Sits in Bahamas Jail After Lightning-Fast US Probe FTX’s implosion and SBF’s arrest, explained Sam Bankman-Fried has been arrested following FTX collapse. Here’s what happens next Sam Bankman-Fried Says FTX’s Law Firm Pushed for Bankruptcy The socially sanctioned arrogance of SBF Who is John J. Ray III, FTX’s new chief executive? Sam Bankman-Fried charged with criminal fraud and money laundering Bankman-Fried criminal charges unsealed: Conspiracy to defraud the U.S., wire fraud, securities fraud, and money laundering ‘I F----- Up’: Sam Bankman-Fried Prepared Draft of His Testimony to Congress Before His Arrest in the Bahamas Sam Bankman-Fried’s Stanford Professor Parents Tangled in FTX Probes The Many Lies of Sam Bankman-Fried Sam Bankman-Fried’s ‘Absolutely Insulting’ Written Testimony Blasted at House Hearing FTX CEO Says Sam Bankman-Fried Released Crypto in Bahamas to Undermine Chapter 11 Sam Bankman-Fried Appears in Bahamas Court After His Arrest Bankman-Fried’s Arrest in Bahamas Sets Up US Extradition Fight Bankman-Fried’s Arrest on Eve of FTX Hearing Steals Thunder From Lawmakers New FTX CEO tears into Sam Bankman-Fried in Congress - hours after his arrest - and blames staff of 'grossly inexperienced and unsophisticated individuals' who kept no records Their silence is deafening: Stars including Gisele and Tom, Larry David and Shaquille O'Neal who took SBF's cash to advertise his doomed FTX crypto exchange say nothing as he's arrested and charged Inside Sam Bankman-Fried's $256.3M Bahamas property empire that the island nation is now trying to claw back - including $16M vacation home he bought for his Stanford Law professor parents Fallen FTX founder SBF and his parents arrive at Bahamas court - as his Congressional testimony blames depression, claims he's victim of anti-Semitism and that his failed crypto exchange is solvent and can cover $1.8B losses 5 questions loom about FTX collapse amid congressional hearings Sam Bankman-Fried is a world-class manipulator and the implosion of FTX is an 'old-school fraud,' Congressman says FTX committed ‘old fashioned embezzlement,’ CEO tells lawmakers in blistering hearing Attorney supervising FTX bankruptcy proceedings: Company run by 'grossly inexperienced' execs who went on $5 billion 'spending binge' FTX CEO Details Mismanagement, Says U.S. Customer Funds Could Be at Risk FTX's John Ray Speaks at US House Hearing: Key Takeaways FTX’s new CEO says that it could take months to track down the company’s assets and that there was ‘no record keeping whatsoever’ at the now-bankrupt exchange FTX CEO's bewilderment that company used QuickBooks for its accounting echoes a scene in 'Breaking Bad' Bankman-Fried FTX Fraud Probe Is ‘Ongoing,’ US Prosecutor Says FTX Is ‘Lehman of the Crypto Industry’ With Damage Contained to Sector Crypto exchange FTX fights Bahamas demand for data access Bahamas Told Bankman-Fried to Mint New Crypto as FTX Collapsed, Lawyers Say FTX CEO questions actions by Bahamian authorities amid bankruptcy FTX Bankruptcy – How Does it Impact Other Exchanges Where did the money go in FTX crypto collapse? Hong Kong investors in FTX maintain an eerie quiet one month after bankruptcy filing and as founder is arrested in Bahamas Crypto blame game back on US politicians' menu following SBF arrest
(DBN)

The FTX implosion and the role of litigation finance in “black swan”events
(DBN)

Celsius Seeks $7.7M From Voyager's Estate as Bankruptcy Cases Intertwine
(DBN)

Judge Approves Sale of Self-Custody Platform to Galaxy Digital in Celsius Bankruptcy
(DBN)

World's largest crypto exchange Binance suspended withdrawals after $1.9B was cashed out in 24 hours Binance CEO says deposits are ‘coming back in’ but sees ‘bumpy’ road ahead for the crypto firm Crypto’s Binance Seeks to Reassure Over Reserves, Says Debt Free
(DBN)

Congress considers crypto consumer protection bill that Bankman-Fried backed
(DBN)

Coinbase at record lows as fear takes over: What happened and what next?
(DBN)

After FTX Fall, These Crypto Entities Are Grabbing the Spotlight
(DBN)

____________

Tax:

Billionaire Ken Griffin sues the IRS after his tax records were disclosed
(DBN)

____________

Religion:

Pope warns he has seen 'omens of even greater destruction and desolation' for mankind
(DBN)

2 in 5 Americans, nearly half of Christians, believe 'we are living in the end times': poll
(DBN)

Charges dropped against 'mushroom rabbi' who promotes religious psychedelics
(DBN)

____________

Furniture:

Mattress Firm Serta Simmons Prepares to File for Bankruptcy Protection
(DBN)

____________

 


New Bankruptcy Opinions
(4 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 (6 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)

Mass Torts:

Please Don’t Forget the Victims: Mass Torts, Third Party Releases and the U.S. Bankruptcy Code
(DBN)

Mass Tort Bankruptcy Goes Public
(DBN)

CVS, Walgreens settle opioid lawsuits for $10B
(DBN)

____________

Sales:

Supreme Court Arguments: Can A Party Protected by § 363(m) Get Away With Trickery? (MOAC v. Transform)
(DBN)

____________

UST:

USTP to Resume Debtor Audits
(DBN)

____________

Bankruptcy Crimes:

Former Minnesota mayor avoids prison, will serve probation for bankruptcy fraud
(DBN)

____________

Aviation:

Weathering storms: Avianca survives pandemic, bankruptcy and ‘painful’ changes
(DBN)

Court Approves Hong Kong Airlines’ $6 Billion Debt Restructuring
(DBN)

Delta expects 2023 earnings to nearly double thanks to ‘robust’ travel demand
(DBN)

Massive US Storm Unleashes Blizzards, Tornadoes and Snarls Air Travel
(DBN)

Gender Nonbinary Flight Attendant Files Complaint Against Alaska Airlines over 'Discriminatory' Uniform Requirements
(DBN)

____________

Education:

TX: School trustees approve policy that could allow campus staff to carry guns
(DBN)

____________

Politics:

DeSantis tops Trump by 23 points among Republicans in new poll Shock Poll: Republican support for Trump 2024 craters Whopping 61% Republicans Want Another Candidate for 2024 Ron DeSantis is now beating Trump AND Biden: Florida governor's popularity surges as GOP support for Donald's 2024 run collapses, poll shows
(DBN)

McConnell Pins Blame for GOP Midterm Losses on Candidates, Trump
(DBN)

The RNC's lopsided power struggle
(DBN)

Liberal Jewish groups push back on McCarthy plan to remove Omar from committee
(DBN)

Republicans fear Trump civil war could cost them in 2024
(DBN)

Five challenges Republicans face in taking back the Senate in 2024
(DBN)

Lame duck Congress churns mightily before the final curtain falls Schumer: Omnibus expected to include Electoral Count Act, Ukraine funding
(DBN)

Democrats tiptoe around Sinema’s political future
(DBN)

Manchin says 'there's no certainty' he will remain a Democrat
(DBN)

Kari Lake was unflinchingly loyal to Trump. Then her campaign unraveled.
(DBN)

'Losing value': Mary Trump reveals the real reason why Ivanka and Kushner distanced themselves from Trump
(DBN)

Leaked tape turns LA City Council member into a fugitive in his hometown
(DBN)

____________

Retailing:

Costco CFO says membership price hike is ‘a question of when, not if’
(DBN)

Walmart rolled out self-checkout to streamline operations and reduce labor – but employees and customers say it's causing a surge in thefts
(DBN)

____________

Tech:

Musk’s Twitter reportedly hasn’t paid rent on its office spaces for weeks Elon Musk was booed in Tesla's backyard. It shows how the Twitter mess has eroded his support among some of his biggest fans Musk Drags Twitter Down a Dangerous Rabbit Hole Anti-LGBTQ Tweets Increased After Musk Takeover, Report Says Elon Musk Is Now Promoting QAnon The Trumpification of Elon Musk Elon Musk Still Loves the Communist Party
(DBN)

Lawmakers Intro Bill to Ban TikTok is USA Maybe Trump was right about TikTok
(DBN)

____________

Sovereigns:

Rwanda Secures $319 Million Under IMF’s New Climate Funding Program
(DBN)

Creditors' assurances critical to securing $3bn IMF loan programme
(DBN)

Sri Lanka Expects up to $8 Billion More in Loans, Asset Restructuring
(DBN)

____________

UK:

Bankruptcy firms expect boom as downturn bites
(DBN)

Bank of England Warns of Rising Pressure on UK Households and Businesses
(DBN)

Parliament warns UK police, armed forces at risk of extreme right-wing recruitment
(DBN)

UK Inflation Eases More Than Expected From Highest in 41 Years
(DBN)

Train Strikes Damage UK’s Retailers More Than Omicron
(DBN)

Women in the UK Are Being Denied Medical Treatment Because They’re Virgins
(DBN)

Branson: No New UK Investment Due to Brexit
(DBN)

London Home Rents Lag Rest of UK After Shift Toward Remote Work
(DBN)

Strikes and Snow Turn London’s Office Districts Into Ghost Towns Britain’s new ‘winter of discontent’ deepens as widespread strikes mount over festive period
(DBN)

London suffers IPO ‘drought’ as fund raising plunges by 90% this year
(DBN)

UK Energy Bill Support Contributing to Labor Shortages, MPs Say
(DBN)

____________

EU:

EU democracy 'under attack' as parliament rocked by Qatar bribe claims Suitcase full of cash seized as EU Parliament scandal grows
(DBN)

European Central Bank set for 50 basis point rate hike on peak inflation hopes
(DBN)

____________

China:

China is telling people to stop eating canned peaches as a COVID remedy as the country barrels into its abrupt reopening China won’t report asymptomatic COVID cases in further shift China’s Care Homes Scramble to Protect Elderly From Covid Surge Covid Disrupts Life in Beijing as Key Government Events Canceled China’s New Covid Approach Is to ‘Let it Rip,’ Analyst Says China Gives Up Counting All Covid Cases After Ending Mass Tests Morgan Stanley Raises China GDP Forecast on Reopening, Easing
(DBN)

US Adds 30 More Chinese Companies to Blacklist
(DBN)

Bipartisan Senate Bill Would Bar Huawei From US Finance System
(DBN)

Chinese Tycoon’s Luxury Prison in the Sky Shows Wealthy Can Make Up the Rules
(DBN)

____________

Russia:

US to send Patriot missile defense system to Ukraine Ukrainian foreign minister says Russia may be able to launch a 'large offensive' in January or February
(DBN)

Paul Whelan’s family defends Biden efforts amid criticism from Trump
(DBN)

Putin’s war on Ukrainian power grid reveals more than he’d like
(DBN)

Macron Lobbies French Businesses to Help Rebuild Ukraine
(DBN)

Rain and Blackouts Strand Third of Ukraine’s Corn Crop in Fields
(DBN)

____________

Germany:

Germany estimates 14,700 company to go bankrupt in 2022
(DBN)

Germany Aims to Oust Extremists in Military After Overthrow Plot
(DBN)

Germany to Issue Record €539 Billion in Federal Debt Next Year
(DBN)

____________

Australia:

Bankruptcy, Insolvency & Rehabilitation Proceedings in Australia (Update)
(DBN)

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