December 22, 2022

The Daily Bankruptcy News

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Due to the Christmas holiday, The Daily Bankruptcy News will not publish on Friday, December 23, 2002 and Monday, December 26, 2002



Law:

Law school class of 2022 may be ‘most diverse entering class in history,’ LSAC says
(DBN)

Top 50 Biglaw Firm Offers Major Bonuses In Major Market Offices
(DBN)

Biglaw Firm Makes Bonus Money Magically Appear For Associates
(DBN)

Big Law Sportsbook: Setting Odds on the Industry’s Year Ahead
(DBN)

BK Pros Weigh In
(DBN)

Lawyer who missed deadline after spending 25 minutes trying to file ECF document gets no mercy from 10th Circuit
(DBN)

Biglaw Firm Seeks Its Pound Of Bar Prep Flesh
(DBN)

Burned Out In Biglaw? You Aren't The Only One.
(DBN)

Many People Assume Self-Employed Lawyers Can Be Bothered During Work Hours
(DBN)

Hogan Lovells And Shearman & Sterling... Potential Merger On The Horizon
(DBN)

Lawyer fatally shot by client died a hero, law firm partner says
(DBN)

Girl Scouts mom is ousted from Rockettes show after facial recognition IDs her as lawyer in banned law firm
(DBN)

This lawyer tackled lifelong anxiety to free herself from ‘The Box’
(DBN)

Jay-Z’s former lawyer Jennifer Justice has career advice for women
(DBN)

Much Ado About Nothing: Law Schools Had An Odd Fixation On Free Speech This Year
(DBN)

Informant warned FBI weeks before Jan. 6 that the far-right saw Trump tweet as 'a call to arms'
(DBN)

What the House committee report says about Trump's taxes Trump tax audits required by IRS were delayed, panel says House Ways and Means Committee report Joint Committee on Taxation report Takeaways from the House committee’s report on Trump taxes Trump's tax returns show he paid no taxes in 2020, committee says Five things we’ve learned through the release of Trump’s tax records Tax returns reveal Trumps reported negative income in 4 of 6 years between 2015 and 2020
(DBN)

Read the January 6 committee’s damning summary of Trump’s election subversion efforts House committee investigating Jan. 6 attack releases dozens of interview transcripts Jan. 6 Panel Probed Four Conservative Texans Jan. 6 Committee Releases Testimony of Trump Allies — They Mostly Take the Fifth
(DBN)

The bill to prevent Trump from stealing the next election, explained
(DBN)

Florida Judge Will Not Be Granting Trump's Request To Tell New York Attorney General How To Do Her Job Federal Judge in Florida Refuses Donald Trump's Request for 'Unprecedented' Intrusion in New York AG's Fraud Case
(DBN)

Judge Scolds Kari Lake's Lawyers During Trial
(DBN)

Trump Lawyer Takes Leave From Firm After Jan. 6 Panel Allegation
(DBN)

Stefan Passantino, You Got Some Splainin' To Do!
(DBN)

Electoral Count Act set to deliver another blow to Trump
(DBN)

How Trump ignored advisers, spread election lies
(DBN)

1 woman’s story of rape convinced all Weinstein trial jurors Harvey Weinstein Avoids More Sentencing Exposure as Jury Deadlocks on 'Aggravating Factors' for Rape of Russian-Italian Model and Actress Weinstein Judge Declares a Mistrial
(DBN)

Armed Texas National Guard makes show of force on border to turn back migrants Nearly 10,000 migrants moved from El Paso as daily crossings ease Arizona to Remove Shipper Container Wall
(DBN)

'Major questions' doctrine applies to presidential authority, 5th Circuit says in federal contractor vaccine case
(DBN)

Buffalo Files Massive 'First of Its Kind' Lawsuit Claiming Gun Companies Have Created a 'Public Nuisance'
(DBN)

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Judges:

Robots Are Better At This Whole Law Thing Than The Current Supreme Court
(DBN)

Special Prosecutor Who Helped Secure Conviction of Derek Chauvin Sworn In as Federal Judge
(DBN)

Sotomayor and Kagan need to think about retiring
(DBN)

Biden announces last six judicial nominees of 2022
(DBN)

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Wall Street:

Stock futures are muted after Wall Street’s rally on Wednesday
(DBN)

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Layoffs:

Biglaw Firms Are Just Like Big Businesses -- And They Need To Conduct Layoffs, Too
(DBN)

Tesla to freeze hiring, lay off employees next quarter
(DBN)

The new remote work trend: Fear of being laid off and struggling to find a new job
(DBN)

Semiconductor maker Micron announces 10% staff reduction, suspends bonuses
(DBN)

PG&E ramps down workforce ahead of next year's fire season, says it's not 'layoffs'
(DBN)

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Movie Theaters:

AMC says it’s no longer in talks to acquire theaters from bankrupt Cineworld AMC ends pursuit of Regal Cinemas locations after bankruptcy
(DBN)

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Climate:

Bomb cyclone, Arctic outbreak put 200 million under weather alerts
(DBN)

Can capitalism and nature coexist?
(DBN)

JPMorgan Announces New Climate Targets Covering Aviation, Cement
(DBN)

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Politics:

Steve Scalise privately being prepped by Republicans to snatch gavel from McCarthy: Report
(DBN)

Romney on possible reelection bid: ‘I’m convinced that if I run, I win’
(DBN)

Did Republican Representative-elect George Santos lie about everything?
(DBN)

Hannity: I Didn't Buy Trump's Voter Fraud Claims
(DBN)

Trump Left Biden a Very Gracious Letter
(DBN)

Debt-ridden Stacey Abrams panned by Democrats for 'incredibly bad' financial planning
(DBN)

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Economy:

As the cost of living skyrockets, nearly 1 in 3 adults rely on their parents for financial support
(DBN)

‘Young adults are particularly vulnerable to delinquencies’ — 1 in 5 have debt in collections, new report finds
(DBN)

Consumer confidence bounces back, ending year on high note
(DBN)

Working Moms Thought It Couldn’t Get Worse. Then Along Came 2022
(DBN)

Suddenly Everyone Is Hunting for Alternatives to the US Dollar
(DBN)

The Fed has no choice but to cause 'undue pain' for the economy after blowing it on inflation, Mohamed El-Erian says
(DBN)

Is the US in a recession? Not yet, but experts think we could be in one soon.
(DBN)

Inflation is the 'big ghost in the attic' - but the Fed risks hurting poorer Americans by fighting it any harder, Wharton professor says
(DBN)

2022 was the year inflation changed everything
(DBN)

Billionaire investor Bill Gross warns of chaos ahead for US housing and bond markets if the Fed keeps pushing up interest rates
(DBN)

House GOP urges members to vote against government funding bill
(DBN)

NY State Will Now Require Companies to Post Salaries in Job Ads
(DBN)

More Than Half of States to Raise Minimum Wage
(DBN)

Russia May Not be Behind Nord Stream Bombing Kazakhs Scoop Up Russia Debt From Investors Trapped by Sanctions European Gas Falls Further Amid Mild Weather and Ample Supplies The UK Produced a Record Amount of Wind Power in 2022, Easing Gas Crisis
(DBN)

Dealmaking Slips by Almost a Third in 2022 Marked by Volatility, Inflation
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Home sales tumbled more than 7% in November, the 10th straight month of declines Existing-Home Sales Decreased to 4.09 million SAAR in November; Median Prices Down 10.4% from Peak in June 2022 NAR: Existing-Home Sales Decreased to 4.09 million SAAR in November
(DBN)

MBA: Mortgage Applications Increase in Latest Weekly Survey
(DBN)

Mortgage refinance demand surged 6%, as rates dropped to the lowest level since September
(DBN)

Lender takes over ownership of Dallas’ landmark Galleria mall
(DBN)

Rising rates are weighing on the housing market - and macro headwinds could keep the sector depressed in 2023.
(DBN)

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Oil/Gas:

Texas company acquired 100 oil and gas wells in Utah, then disappeared into bankruptcy
(DBN)

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Autos:

Tesla has lost almost all of its gains since the announcement the stock would join the S&P 500 index 2 years ago
(DBN)

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Cannabis:

Marijuana advocates stunned after McConnell opposition dooms banking bill
(DBN)

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Education:

GI Bill fix for vets enrolled in defunct schools heads to White House
(DBN)

Alabama’s education system was designed to preserve white supremacy. I should know.
(DBN)

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Student Debt:

The Winners And Losers Of The Student Loan Moratorium
(DBN)

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Crypto:

FTX Creditors Committee Taps Paul Hastings to Lead Legal Work FTX founder Sam Bankman-Fried to fly to New York after days of courtroom chaos Sam Bankman-Fried could be bailed and placed under house arrest after he's extradited to the US, reports say Two Former FTX Executives Plead Guilty Ahead Of Bankman-Fried's Arrival In US FTX’s Gary Wang, Alameda’s Caroline Ellison plead guilty to federal charges, cooperating with prosecutors Caroline Ellison, the former CEO of Alameda, is facing up to 110 years in prison after pleading guilty to 7 charges including fraud in the FTX collapse Read the Plea Agreements From Associates of FTX’s Bankman-Fried Here Are Some of the Allegations Against Ellison, Wang Big-name investors are looking to buy FTX customers' claims in a risky bet that they'll get paid in bankruptcy proceedings, report says FTX's Blockfolio Stake Was Paid for Mostly in FTT FTX's collapse mirrors an infamous 18th century British financial scandal
(DBN)

Giant Bitcoin Miner Core Scientific Files for Bankruptcy One of the Largest Bitcoin Mining Firms Just Filed For Bankruptcy – Here’s What it Means for the Crypto Industry Inside Chapter 11 Bankruptcy of Bitcoin Miner Core Scientific Eleven Months After Going Public via SPAC, Texas-Based Bitcoin Miner Core Scientific Files for Bankruptcy Bankrupt miner Core Scientific may sell facilities under development: report Core Scientific files for bankruptcy after losing 98% of its value Inside Core Scientific’s Prearranged Bankruptcy Core Scientific Noteholders Seek 97% Company Acquisition in Bankruptcy Restructuring
(DBN)

Celsius Bankruptcy Update: Who Owns the Crypto?
(DBN)

Gemini Creditor Committee Proposes Plan to Resolve Liquidity Issue of Genesis, DCG
(DBN)

Symbiont bankruptcy: despite big lawsuit payout, legal costs were massive
(DBN)

Is Greenidge Generation Headed for Bankruptcy?
(DBN)

Widespread Disruption in Crypto Markets Prompts New SEC Disclosure Considerations
(DBN)

Coinbase CEO Brian Armstrong talks FTX, crypto regulation and DeFi
(DBN)

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Tech:

A lawyer representing 100 ex-Twitter staff says the company's conduct has been 'incredibly egregious' since Elon Musk took over
(DBN)

Musk says Twitter in precarious position, defends cost cuts
(DBN)

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Celebs:

How Boris Becker went from tennis world No 1 to bankruptcy
(DBN)

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New Bankruptcy Opinions
(6 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (12 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (2 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 Rules:

2022 Amendments to the Bankruptcy Rules
(DBN)

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Mass Torts:

Trump to Challenge NY Sex-Abuse Law as Unconstitutional
(DBN)

Furious Alex Jones rants about "self-fulfilling prophecy" of his downfall after bankruptcy hearing
(DBN)

Alex Jones’ CT attorney, facing suspension, calls sharing of Sandy Hook medical records ‘innocent mistake’
(DBN)

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Aviation:

'I may never fly again': Horror stories from the Vancouver airport
(DBN)

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Tax:

New I.R.S. Rules for Online Sales Sow Fears About Surprise Tax Bills
(DBN)

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Religion:

20-year church abuse probe ends with monsignor's quiet plea
(DBN)

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Fraud:

Judge pauses SEC case in alleged NJ deli stock fraud in favor of criminal probe
(DBN)

Ex-Shkreli lawyer convicted in fraud scheme takes garnishment case to Supreme Court
(DBN)

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Banking:

Wells Fargo Can't Stop Abusing Customers
(DBN)

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Healthcare:

Millions could lose Medicaid by spring under $1.7 trillion U.S. spending bill
(DBN)

Parents brace for the next turn on a roller coaster of viruses
(DBN)

New York mayor: Holiday virus spike ‘extremely challenging’
(DBN)

Americans' Reported Mental Health at New Low; More Seek Help
(DBN)

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Sovereigns:

Zambia says debt restructuring proposals 'yet to be discussed' with bilateral creditors
(DBN)

Sri Lanka official creditor committee yet to form as debt talks ongoing - source
(DBN)

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UK:

Don’t get drunk: UK govt urges caution amid ambulance strike
(DBN)

Brexit Deal a 'Nightmare' for Small Businesses - Survey
(DBN)

UK Food Sales Fall After Costs Rise Most Since Since 1977
(DBN)

Royal Mail Says It’s Fighting for Survival Ahead of Strikes
(DBN)

Strike-Hit London City Pubs See Sales at Half Pre-Covid Levels
(DBN)

Panettone From Lidl Is the Taste of Christmas in Broke Britain
(DBN)

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EU:

ECB’s Guindos Says Half-Point Hikes May Become ‘New Norm’
(DBN)

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Russia:

Zelenskyy comes to Washington DC with a long military wish list. But what could he ultimately get?
(DBN)

Senate confirms new ambassador to Russia ahead of Zelensky address
(DBN)

Zelensky to America: "Russian tyranny has lost control over us" Zelensky to Congress: It's Not Charity Ukrainian President Volodymyr Zelenskyy’s unexpected visit to the US, explained Zelenskiy Wins Applause, Aid in Half-Day Dash Through Washington Spending Plan, Ukraine Aid Hung Up Over Border Policy Dispute
(DBN)

Kremlin Criticizes Biden-Zelenskiy Talks in US, Warns on Weapons
(DBN)

Kremlin says no chance of peace with Kyiv after Zelensky Washington trip
(DBN)

Russian military to reach 1.5M; Putin vows to win in Ukraine
(DBN)

Russian Army Suffers 100,000 Losses
(DBN)

Putin: No Limits on War Spending
(DBN)

As Ukraine Readies for a Second Year at War, Prospect of Stalemate Looms
(DBN)

'We will find you:' Russians hunt down Ukrainians on lists
(DBN)

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China:

WHO “very concerned” about reports of severe COVID in China Hearses line up at Beijing crematorium, even as China reports no new Covid deaths China’s Soaring Covid Cases Send People to Black Market for Pills China Is Likely Seeing 1 Million Covid Cases, 5,000 Deaths a Day China’s Abrupt Covid Shift Hits Supply Chains From Solar to Coal China’s Streets More Deserted Than During Lockdowns, Data Shows Covid Surge Hits Shanghai With Crowded Hospitals, Empty Streets
(DBN)

China’s economy looks different than it was going into the pandemic
(DBN)

China Developers’ Recovery After $74 Billion Rout Faces Covid Turmoil
(DBN)

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MENA:

Afghan women weep as Taliban fighters enforce university ban
(DBN)


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India:

India mulls rules for quicker resolution of builders' insolvency
(DBN)

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Sweden:

Sweden faces recession lasting into 2024, finance minister says
(DBN)

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