December 19, 2022

The Daily Bankruptcy News

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Law:

Biglaw Firm Wows With Bonuses Up To $172,500 -- If You Bill Enough
(DBN)

When McKinsey’s Top Lawyer Comes to Town—Watch Out
(DBN)

This Time, The Piper Follows The Bonus Pack
(DBN)

This Elite Biglaw Firm Gets Top Marks For Its Responsible Business Practices
(DBN)

More U.S. law firms embrace shortened names, dump ampersands
(DBN)

Some Law Schools Downgrade John Marshall
(DBN)

ATL Holiday Card Contest: The Finalists! (2022)
(DBN)

Law Firms Should Go All Out When Planning Holiday Parties
(DBN)

The Lean Law Firm
(DBN)

Alex Murdaugh charged with tax evasion; made $14M in 9 years
(DBN)

Lawyer for Chris Pettit raises concerns about ‘authenticity’ of $270 million in bankruptcy claims
(DBN)

12-Hour Armed Hostage Standoff Ended By Legal Marketer
(DBN)

Jan. 6 panel to vote on urging DOJ to prosecute Trump on at least 3 criminal charges Jan. 6 committee finalizes criminal referral plan for Trump Schiff declines to say which criminal referrals the Jan. 6 committee might make Schiff: "Evidence is there" that Trump committed criminal offenses Why a Trump Criminal Referral by the Jan. 6 Committee Would Be So Historic Trump Faces More Woes in Jan. 6 Panel’s Blockbuster Finale Trump calls Jan. 6 panel members ‘Thugs and Scoundrels’ ahead of Monday hearing After a week of sagging polls and mockery, Trump faces looming Jan. 6 action Ex-House members demand probe into sitting lawmakers linked to Jan. 6 Breaking down the Jan. 6 committee’s possible referrals — criminal and beyond House Republicans planning response to Jan. 6 panel report, GOP rep says 'The end is near for Donald Trump' with criminal referrals and bankruptcy looming: former GOP lawmaker Legal expert singles out criminal referral most likely to lead to a successful Trump conviction How Trump jettisoned restraints at Mar-a-Lago and prompted legal peril Former prosecutor explains how it will work if Trump is referred to the Justice Department for prosecution Trump threatens 'a dark period in American history' in flurry of attacks over being investigated Schiff says Trump’s political relevance may have slowed DOJ probes Accused Jan. 6 Rioter Is Now Charged with Planning 'Assassination Missions' on FBI Officials Investigating Him QAnon Follower Who Led the Pack Chasing Police Officer Up the Stairs During Jan. 6 Capitol Attack Sentenced to Years Behind Bars QAnon believer who led Capitol mob sentenced to five years in prison Jury selection to begin in Proud Boys Jan. 6 sedition trial
(DBN)

U.S. House committee set to discuss Trump tax returns on Tuesday
(DBN)

Judge unseals new details of contacts among Rep. Perry, Trump-connected attorneys
(DBN)

DC Bar Panel Finds Giuliani Violated One Or Two Rules Of Ethics. And That's No Big Lie.
(DBN)

House Democrats introduce legislation to bar Trump from office under 14th Amendment
(DBN)

Here's the fallout the Trump Org. conviction could wreak
(DBN)

New York Attorney General Asks Federal Judge in Florida to Dismiss Donald Trump's Attempt to 'End-Run' New York Fraud Suit NYAG Argues For Dismissal Of Florida LOLsuit Against Her On Grounds Of I FEEL LIKE I'M TAKING CRAZY PILLS
(DBN)

Conservative Lawyer Who Saved Madison Cawthorn from 'Insurrection' Challenge of Candidacy Sues Client for Not Paying Legal Bills
(DBN)

‘They’ve gotta have something in place’: Critics circle as Biden admin prepares for end of Title 42 Biden administration bracing for pre-Christmas border crisis Chris Christie blames Biden administration for border crisis: ‘They have induced this problem’ US judge blocks Biden bid to end 'Remain in Mexico' policy El Paso mayor grabs microphone and walks out of tense immigration press conference - as migrants are spotted emerging from sewers to enter the Texas city amid border crisis El Paso declares emergency ahead of expected migrant influx US border cities strained ahead of expected migrant surge NYC’s Adams Seeks Help, Braces for Additional Asylum Seekers
(DBN)

Anti-semitic assault of senior man ends with attacker shouting 'Kanye 2024' Antisemitic hate crimes rise in major cities Antisemitism casts darkness amid Hanukkah lights
(DBN)

White Louisiana Troopers Who Blamed Black Driver's 2019 Traffic Stop Death on Car Crash Now Face Criminal Charges
(DBN)

New JFK Docs Point to What CIA Was Hiding
(DBN)

'Bizarre': Girls' Basketball Coach Harassed and Catfished Daughter for More Than a Year, Prosecutor Says
(DBN)

5 Louisiana officers charged in 2019 death of Black driver Ronald Greene
(DBN)

US Appeals Court rules against cisgender girls in challenge to Connecticut’s transgender sports policy Connecticut's Inclusive Policy Toward Transgender Student Athletes Upheld, as Court Rejects Claim Runners Lost Their 'Chance to Be Champions'
(DBN)

Father of Suspect in Highland Park July 4th Massacre Facing Criminal Charges for Helping Son Get Firearm Owner ID Card
(DBN)

Don't Let Police, Media Mislead You About Fentanyl Exposure Overdoses
(DBN)

Virginia's abortion fight begins
(DBN)

New crime trend: jugging
(DBN)

Absolute Immunity Puts Prosecutors Above the Law
(DBN)

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Judges:

How an obscure Christian right activist became one of the most powerful men in America
(DBN)

Indiana judge backs a religious right to abort
(DBN)

Congress Passes the Daniel Anderl Judicial Security and Privacy Act N.J. judge whose son was killed thanks Congress for passing security bill
(DBN)

Britain’s Crumbling Courts Fight Fleas, Sewage and Budget Cuts
(DBN)

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Wall Street:

Stock futures rise to start the week
(DBN)

Bonus Curbs Led to Higher Pay for Top Bankers, BOE Says
(DBN)

______________

Layoffs:

Good News For Biglaw Associates: No More Layoffs?
(DBN)

Goldman Sachs to Fire Thousands
(DBN)

Self-Driving Truck Maker TuSimple to Lay Off 700 Next Week
(DBN)

AT&T to Cut Marketing, Sales Jobs
(DBN)

Cabs Without a Chatty — Or Any — Driver Are Expanding in China
(DBN)

Heartless Mass Layoffs Come for the Holidays
(DBN)

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Fraud:

'Utter betrayal': Florida pastor accused of Covid scam slammed by ex-associate's son
(DBN)

‘Porch pirates’ stole an estimated 260 million packages in the last year
(DBN)

____________

Movie Theaters:

EPR Properties: Much Depends On AMC Entertainment Bankruptcy
(DBN)

"Avatar: The Way of Water" clocking in below initial earnings expectations
(DBN)

____________

Labor:

Workers Fled Out the Back When Labor Investigators Arrived at Hyundai Supplier: Report
(DBN)

____________

Religion:

Mass Exodus from Christianity Underway
(DBN)

Vatican dismisses Trump-supporting, anti-abortion leader from priesthood
(DBN)

____________

Media:

CNN chief says ‘uninformed vitriol’ from left has been ‘stunning’
(DBN)

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Waste:

Trash Troubles: The Pandemic Started It; Inflation Keeps It Going
(DBN)

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Healthcare:

Missouri hospital seeks forbearance to buy time for turnaround
(DBN)

The story of a Kansas couple struggling to avoid bankruptcy over medical debt
(DBN)

The Long Tail of America’s Racist Medical System
(DBN)

Florida governor seeks grand jury to investigate drug companies’ COVID-19 vaccine statements GOP governor challenges DeSantis on vaccines: ‘We shouldn’t undermine science’ Is DeSantis about to leverage COVID vaccines against Trump and the Democrats? DeSantis reverses himself on coronavirus vaccines, moves to right of Trump
(DBN)

COVID Dec 16, 2022: Update on Cases, Hospitalizations and Deaths
(DBN)

'A lot of viruses running around': L.A. County hospital beds at lowest availability since pandemic began
(DBN)

Here’s How Early the Flu Has Struck This Year
(DBN)

America's historically bad flu season may be peaking
(DBN)

The Best Covid Treatments No Longer Work
(DBN)

‘I’m Not Ready’: A Mother Denied an Abortion in Texas Faces an Uncertain Future
(DBN)

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Economy:

What Will the Global Economy Look Like in 2023?
(DBN)

Powell Puts US Pay Hikes at Heart of Fed’s 2023 Inflation Fight
(DBN)

'Dr Doom' economist Nouriel Roubini says the world is on a 'slow-motion train wreck' while warning a US recession is a sure thing
(DBN)

Morgan Stanley’s Wilson Says US Profit Drop Could Rival 2008 Era
(DBN)

Missing Workers Who are Never Coming Back
(DBN)

Productivity Falls at Fastest Rate in Decades
(DBN)

Highest Interest Rates in 15 Years Are Derailing the American Dream
(DBN)

More adult children are living with their parents. Parents are not pleased
(DBN)

Congress races to pass spending bill in lame-duck session: What to expect this week
(DBN)

Car repossessions are on the rise in warning sign for the economy
(DBN)

Russian oligarchs believe Putin tricked them into appearing to support the war in Ukraine, and got them all sanctioned, report says Germany set to assume $230 billion in Uniper derivatives EU Agrees to New Sanctions Against Russia European Gas Prices Fluctuate Ahead of Key EU Talks on Price Cap Qatar Scandal Gives EU Big Gas Headache Europe’s Energy Crisis Is Just Getting Started EU Races for Deal on Gas-Price Cap Before Worst of Winter Hits EU Considers Lower Gas-Price Cap in Latest Plan to Limit Crisis UK power stations owner Uniper eyes 'possible insolvency' without £44bn state bailout
(DBN)

America’s Growing Zero-Sum Economy
(DBN)

Leaving California? A 2022 guide to what state is best to move to
(DBN)

3 California Cities Fastest Growing in Nation
(DBN)

LA Port Inbound Traffic Down Sharply in November
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

Why This Housing Downturn Isn’t Like the Last One
(WSJ)

The 5 U.S. cities expected to have the highest rent prices in 2023
(DBN)

Lawler: Early Read on Existing Home Sales in November
(DBN)

Existing Home Sales: Lawler vs. the Consensus
(DBN)

California November Existing Home Sales Down Almost 50% YoY, Prices Down YoY
(DBN)

Carolina Panthers settle failed practice site for $100M
(DBN)

The Top 10 Most Expensive US Home Sales Are Giving Us Déjà Vu
(DBN)

____________

Municipalities:

NCBJ 2022: Gradually, Then Suddenly. The Bankruptcy of Detroit
(DBN)

The Most Empty Downtown in America
(DBN)

U.S. House passes bill that could lead to Puerto Rico statehood
(DBN)

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Oil/Gas:

The Era of Cheap Oil Has Come to an End
(DBN)

Biden administration set to start refilling oil reserve
(DBN)

Oil Industry Faces the End of the Road in California
(DBN)

Earthquakes Increase Cost for Shale Producers
(DBN)

China EV Exports Surge
(DBN)

Big Oil Investors Call for More Aggressive Climate Targets
(DBN)

____________

Student Debt:

The student loan company being used to attack Biden's debt relief plan
(DBN)

____________

Crypto:

The Busiest Lawyer in Crypto is Turning His Attention to FTX Bankman-Fried is ready to ‘face the music,’ prison official says Exclusive-Sam Bankman-Fried to reverse decision on contesting extradition FTX’s Bankman-Fried could face long road to fraud trial Sam Bankman-Fried will now surrender himself for extradition before Bahamian court Monday, says source FTX Creditor Names Could Soon Be Revealed as Judge Allows Media Request to Move Forward Media Groups Win Right to Argue for Publication of FTX’s Million-Strong Creditor List FTX Creditors Could Recover up to 40% of Their Funds, Says Jefferies What to expect from FTX’s second bankruptcy hearing today; LedgerX sale, doxing creditors, custody of funds FTX saga set crypto adoption back ‘years’ — 3 ways it could reshape the industry How Sam Bankman-Fried swindled $8 billion, according to federal prosecutors
(DBN)

FTX Managers Explore Information-Sharing Deal With Bahamian Officials
(WSJ)

Crypto’s Onetime Fans Are Calling It Quits After FTX Collapse
(DBN)

Crypto’s pro-sports ties raise ethical questions Victims or chumps? Tom Brady lawsuits raise questions over celebrity endorsements
(DBN)

Binance Token Snaps Losing Streak Spurred by Worries Over Crypto Exchange
(DBN)

Senate banking chairman says ‘maybe’ to cryptocurrency ban
(DBN)

Co-Founder of OneCoin Cryptocurrency Scam Pleads Guilty
(DBN)

Treasury: Fraud is Rampant in Crypto Markets
(DBN)

Hundreds of Billions of Yen Per Person for the Lawsuit Involving Shohei Otani and Naomi Osaka and the Crypto Company FTX
(DBN)

Gemini Forms Creditors Committee With Houlihan Lokey to Resolve Genesis Liquidity Issues
(DBN)

Crypto Exchange Zipmex to Seek Creditor Support for Recovery Process: Source
(DBN)

Crypto Miner Core Scientific Sees Stock Surge 200% on Creditor Offer to Fund Insolvency
(DBN)

Founders of bankrupt crypto fund Three Arrows Capital floated ideas to creditors, says Zhu Su
(DBN)

Trump allies blast crypto announcement after FTX collapse
(DBN)

____________

Distressed Investing:

Distressed Traders See Bright Spots in Riskiest Emerging Debt
(DBN)

____________

Trucking:

TuSimple Is Ruined
(DBN)

____________

Television:

Streaming’s Golden Age Is Suddenly Dimming
(DBN)

____________

Politics:

Stacey Abrams campaign in debt after blowout loss
(DBN)

'Dimwitted' Republicans buried by Wall Street Journal over post-midterm chaos
(DBN)

Can the 'Never Kevin' caucus hold the line? McCarthy Sounds Alarm on House GOP Rebels Who ‘Have Not Moved’ From Opposing Him: ‘It’s All in Jeopardy!’ McCarthy's ongoing speaker battle paralyzes House McCarthy's tortured calculus
(DBN)

GOP lawmakers say Trump electability problem is behind cratering support
(DBN)

Donald Trump had to be told a pool of reporters would no longer follow him around because he wasn't president anymore: report
(DBN)

Toomey’s advice to Fetterman: Don’t kill the filibuster
(DBN)

How Democrats face a conundrum when it comes to Biden
(DBN)

Manchin sidesteps questions on leaving Democratic Party: ‘I’ll let you know later’
(DBN)

Donald Trump brings new meaning to ‘guilt by association’
(DBN)

Senate Republican says Trump’s 2024 campaign has had ‘terrible rollout’ Digital trading card gambit marks disastrous start to Trump’s presidential campaign ‘Saturday Night Live’ targets Trump digital trading cards announcement Trump NTF Collection Sells Out Trump struggles to regain his MAGA mojo amid anemic polls and NFT digital cards debacle
(DBN)

NC Supreme Court strikes down voter ID constitutional amendment
(DBN)

‘They Messed with the Wrong B----’: Kari Lake Vows Retaliation Against ‘Evil B-------’ She Claims Stole Her Election Kari Lake calls for imprisoning Maricopa County election officials Kari Lake: Burn It All to the Ground
(DBN)

Arizona judge dismisses Finchem’s election challenge in secretary of state race
(DBN)

Why Do GOP Voters Love DeSantis?
(DBN)

____________

 


New Bankruptcy Opinions
(4 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (14 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)

Bankruptcy Statistics:

Maine bankruptcy filings now on track to hit lowest level in decades
(DBN)

______________

Cross-Border:

Cross Border Recognition, 25 years on: the view from each side of the Pond
(DBN)

____________

Mass Torts:

Alex Jones Puts The 'E' In 'Bankeruptcy' Sandy Hook families seek to proceed with Alex Jones cases in CT, Texas amid his bankruptcy
(DBN)

Lawyers seek Catholic abuse survivors as Maryland lawmakers consider statute of limitations bill
(DBN)

____________

Avoidance Actions:

Judge Drain Tackles Private Equity and Fraudulent Transfers in ‘Tops’ Decision
(DBN)

____________

Involuntary Cases:

Non-Debtor Awarded Sanctions for an Improper Filing of an Involuntary Petition
(DBN)

____________

Aviation:

American to Drop Mesa Airlines as Feeder American Airlines to Drop Mesa Air as Partner on Reliability Concerns
(DBN)

20 injured after severe turbulence on flight
(DBN)

TSA finds record number of firearms at security checkpoints in 2022
(DBN)

____________

Climate:

States on Clock for Colorado River Cutbacks
(DBN)

Major winter storm to bring temperatures of 0°F or colder to 55M in U.S.
(DBN)

____________

Celebs:

'Real Housewives' Convict Jen Shah Must Forfeit Dozens of Luxury Bags and Jewelry — and Many More 'Counterfeit' Items
(DBN)

The Richest NBA Players Who Went Broke
(DBN)

Boris Becker Might Marry GF to Avoid Repayments to Creditors Following Release From Jasil For Bankruptcy Fraud
(DBN)

____________

Tech:

Musk’s Troubling Week Pushes Tesla Investors Closer to the Edge Elon Musk Suspends Taylor Lorenz’s Twitter Account After She Asks If He Wants to Comment for a Story Musk reinstates majority of suspended journalist accounts Are Elon Musk and Twitter heading for a clash with Europe's 'red lines?' 'Fast lane to bankruptcy': Elon Musk admits he has no successor to head Twitter Twitter users vote for Elon Musk to step down as CEO in poll he launched Musk lashes out at Schiff in now-deleted tweet: ‘Your brain is too small’ UN human rights chief calls on Musk to respect free speech Twitter announces, then quickly retracts ban on promoting other social media Will Twitter Cost Elon Musk Tesla? Elon Musk blames Tesla's $600 billion plunge in market value this year on the Fed - as rising interest rates erode the appeal of stocks Twitter says it's putting an end to 'free promotion' of Facebook, Instagram, and more Tesla Stock Rallies on Prospect of Elon Musk Stepping Back From Twitter Musk’s Volatility Is Alienating Twitter’s Top Content Creators
(DBN)

Most of Twitter’s former legal staff is gone, as is Elon Musk’s personal lawyer Alex Spiro, reports say
(DBN)

Tech trade groups petition SCOTUS on Texas social media law
(DBN)

Goodbye to the good life: The cushy perks of tech work are rapidly disappearing.
(DBN)

____________

Autos:

Poster Child of the Fed's Decade: Carvana
(DBN)

____________

Cannabis:

Schumer makes last-ditch push for cannabis banking bill
(DBN)

____________

Hedge Funds:

Alleged Lying, Bullying, Compliance-Ignoring And Possible Fraud No Reason For Hedge Fund Not To Invest $50 Million With Outgoing Portfolio Manager
(DBN)

____________

Utilities:

Efforts to restructure Puerto Rico power company debt wobble Puerto Rico power utility plan is to cut debt by 40%
(DBN)

____________

Education:

Kentucky Supreme Court rules state school choice law unconstitutional
(DBN)

____________

Autos:

Teslas Aren't As Good as Everyone Thinks
(DBN)

____________

Sovereigns:

China Agreed To Form Global Sovereign Debt 'Roundtable': IMF Chief
(DBN)

Ghana Suspends Payments on Eurobonds, Commercial Term Loans
(DBN)

____________

UK:

Sunak's Stealth Tax to Cost Families £5,000
(DBN)

Prince William cut all contact with Prince Harry over his Netflix documentary and has no plans to speak with him again, royal correspondent says
(DBN)

Retailers Dangle Credit to Get UK Holiday Shoppers Spending
(DBN)

UK Bond Investors Rush to Exit Before Bank of England Debt Sales
(DBN)

____________

EU:

ECB’s Guindos Says Half-Point Interest-Rate Hikes to Continue
(DBN)

____________

Canada:

5 dead and suspect killed in 'horrendous' condo shooting outside Toronto
(DBN)

____________

Russia:

White House leans on Congress, rallies allies, to aid Ukraine through winter of war
(DBN)

The Vultures are Circling Putin Russia Can Finally See That Putin’s ‘Days Are Numbered’
(DBN)

Why do things keep blowing up in Russia?
(DBN)

Russia to deploy musicians to front to boost morale
(DBN)

Amazon helped rescue the Ukrainian government and economy using suitcase-sized hard drives brought in over the Polish border: 'You can't take out the cloud with a cruise missile'
(DBN)

Swedish Court Rejects Extradition Erdogan Wanted for NATO Assent
(DBN)

Kissinger proposes roadmap for talks to end Russia-Ukraine war
(DBN)

____________

China:

No Clear Path to US China Reconciliation
(DBN)

Police Guard Beijing Crematorium as Covid Deaths Questioned China’s Covid Death Toll Doesn’t Stack Up, Raising Suspicions
(DBN)

Apple Suppliers Accelerate Buildup Outside China, Analysts Say
(DBN)

____________

Australia:

Restructuring & Insolvency: 2022 Year in Review
(DBN)

____________

India:

Indian banks wrote off over $121 billion loans in five years - govt
(DBN)

Govt to amend insolvency law to reduce time taken for resolution process
(DBN)

The Evolving Indian Insolvency Law Regime in a Pandemic Era
(DBN)

Clouds loom over IBC
(DBN)

____________

Singapore:

Singapore’s Latest Push As A Restructuring And Insolvency Hub – Amendments To SICC Rules.
(DBN)

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