December 30, 2022

The Daily Bankruptcy News

View prior editions: Click Here
View prior case summaries: Click Here
Search prior headlines: Click Here
Search prior case summaries: Click Here

Format For Mobile Device

Due to the New Year's holiday, The Daily Bankruptcy News will not publish on Monday, January 2, 2023



Law:

Biglaw Firm Matches Bonuses... After A Little Drama
(DBN)

Firm Telling Associates They Won't Be Getting Bonuses After Claiming To Match Market
(DBN)

Law School Rankings 'Boycott' Seems Like... Not So Much A Boycott
(DBN)

Funny Or Not?
(DBN)

The Partner Track: An Interview With Helen Wan
(DBN)

What Is The Endgame For Law Schools Boycotting The U.S. News Rankings?
(DBN)

Student group with anti-LGBT positions alleges religious discrimination at UNH Law School
(DBN)

Should Deans Tell Their Faculty To Get Off Twitter And Get Back To Work?
(DBN)

Pass Rates For First-Time Bar-Takers Decrease; Are Online Classes The Cause?
(DBN)

Judge: Jan. 6 committee evidence suggests Trump asked rally crowd to break the law • Jan. 6 committee withdraws Trump subpoena, points to investigation’s ‘imminent end’ • Was the LibsofTikTok Creator at the Capitol on Jan. 6? • Five most interesting moments from Jan. 6 transcripts • Melania Trump was ‘angry’ with Meadows and ‘wary’ of lawyers ahead of Jan. 6: Grisham • Trump Jr. details efforts to sway father on Jan. 6 in panel deposition
(DBN)

Michael Best, Trump Lawyer Passantino Part Ways, Law Firm Says
(DBN)

Trump Tax Returns' Release to Start Tit-for-Tat Battle in Congress, GOP Aide Says
(DBN)

Ex-press secretary: Trump wanted to fire usher for helping Bidens move in
(DBN)

Here’s what the Supreme Court’s decision on Title 42 means • Thriving network of fixers preys on migrants crossing Mexico • Russians fleeing Putin's war are among the thousands at the US border in Mexico
(DBN)

Polygamous leader accused of taking over 20 wives, including underage girls, pleads not guilty as FBI investigates his community
(DBN)

Fired Smoothie King Employee Kidnapped Manager, Threatened to Throw Her into Traffic: Cops
(DBN)

'I Just Woke Up and Shot My Friend in the Chest': Colorado Man Allegedly Killed Roommate with Bow and Arrow After 'Possible Acid Overdose'
(DBN)

Report: Tenn has broken its lethal injection rules since ’18
(DBN)

Waffle House: Fists, Food and Chairs Fly In WWE-Style Brawl
(DBN)

Federal Judge Tosses Lawsuit Opposing Concealed-Carry Ban on D.C. Metro, Finding Challengers Did Not Show 'Any Threat' of Prosecution
(DBN)

FBI Releases Video of Suspects Who Allegedly Vandalized Historic Black Church in Atlanta, Offers $10,000 Reward for Information
(DBN)

Florida police officer fired after video shows him dragging handcuffed woman into jail
(DBN)

U.S. Virgin Islands allege JP Morgan "turned a blind eye" to Jeffrey Epstein's crimes
(DBN)

One of the FBI's Most Wanted Fugitives Was Found Living as a Yoga Teacher in Mexico
(DBN)

‘Devil made me do it’: Boston woman sets fire to ‘haunted’ apartment building
(DBN)

______________

Judges:

Judicial Law Clerk - Term, Pittsburgh, PA
(DBN)

Supreme Court makes a mockery of Title 42 law in latest ruling
(DBN)

Biden outpacing Trump, Obama with diverse judicial nominees
(DBN)

______________

Wall Street:

Stock futures inch lower as Wall Street awaits final trading day of 2022
(DBN)

Dow gains nearly 400 points Thursday as Wall Street attempts a year-end rebound
(DBN)

Just 5 trading days accounted for 94% of the S&P 500's decline in 2022 - and they could signal what's to come in 2023, DataTrek says
(DBN)

Nasdaq Back From Brink of Worst December Ever as Fed Angst Dims
(DBN)

Investor sentiment is worse than it was at the depths of the Great Financial Crisis in 2008 - but that suggests a stock market bottom is near, Fundstrat says
(DBN)

After US$18 trillion rout, global stocks face more hurdles in 2023
(DBN)

______________

Cannabis:

How the marijuana ‘green rush’ fell apart
(DBN)

New York’s first legal dispensary for recreational marijuana opens doors
(DBN)

____________

Student Debt:

What borrowers need to know about the payment pause on federal student loans
(DBN)

____________

Hotels:

Crowne Plaza Times Square Hotel owners file for bankruptcy
(DBN)

____________

Climate:

Buffalo roads reopen as search for storm victims continues • How blizzard stunned even winter-wise Buffalo • These factors combined to make NY's deadly holiday blizzard a catastrophe • Buffalo blizzard fuels racial and class divides in polarized city • In Buffalo, Finger-Pointing and Growing Complaints Over Storm Response
(DBN)

Green hydrogen: Fuel of the future has ‘big potential’ but a worrying blind spot, scientists warn
(DBN)

Taiwan c.bank to incorporate climate change risks into forecasting
(DBN)

____________

Politics:

Federal prosecutors are probing Rep-elect George Santos' finances after he admitted to lying about some of his work and education history: reports • George Santos puts GOP in a tight spot • Santos reportedly used ‘Anthony Zabrovsky’ alias on charity GoFundMe page • Santos scandal crashes into McCarthy speakership battle • Disgraced Rep.-elect Santos claimed 9/11 attacks killed mom — who died in 2016 • Santos called Biden a ‘pathological liar’ in tweet last year • Tiny Paper Broke Santos Scandal, No One Cared
(DBN)

Democrats quietly enter 2023 with momentum at statehouse level
(DBN)

Republicans rethink abortion strategy after bruising midterms
(DBN)

GOP doubts grow over Kari Lake’s future in Arizona
(DBN)

Divided GOP enters 2023 attacking itself
(DBN)

Biden doesn’t trust some Secret Service, doesn’t believe ‘details’ of dog biting incident: report
(DBN)

The Presidential Race Is Entering a New Phase. Here’s Who’s Best Positioned.
(DBN)

The best, worst, and just plain dumb of American politics in 2022
(DBN)

Former top Trump aide: Kayleigh McEnany ‘a liar and an opportunist’
(DBN)

MAGA Congressman Tells Fox News He Will never Vote for McCarthy’s Imperiled Speakership Bid
(DBN)

____________

Healthcare:

At least 82 children in Ohio infected with measles, more than half of whom are unvaccinated babies and toddlers • Ohio measles outbreak may be fueled by vaccine misinformation, health official says: ‘We’re all going to pay dearly’
(DBN)

U.K. medical practice mistakenly texts patients they have "aggressive lung cancer" instead of wishing them a merry Christmas
(DBN)

Here are the states planning to restrict gender-affirming care next year
(DBN)

Biden administration seeks to rescind Trump-era ‘conscience’ protections for health workers
(DBN)

____________


Economy:

Weekly Initial Unemployment Claims increase to 225,000 • US Jobless Claims Rise Slightly But Remain Near Historic Lows
(DBN)

How jobs and housing saved the economy in 2022
(DBN)

The Myth Of American Income Inequality
(DBN)

Credit Card Debt Pressures Millennial, Gen Z Paycheck-to-Paycheck Borrowers
(DBN)

An Epic Dollar Rally Goes Into Reverse—and Investors Expect Further Declines
(WSJ)

Americans still haven't felt the worst of the war on inflation, meaning 2023 will be 'survival of the fittest'
(DBN)

US stocks will perform 'pretty well over the next several months' and the risk of a recession is waning, says Credit Suisse's chief US equity strategist
(DBN)

'Nobody works, nobody gives a damn' anymore because of 'socialism', says Home Depot's 93-year-old cofounder
(DBN)

The ‘Great Resignation’ isn’t going anywhere—at least among baby boomers
(DBN)

Top Heavy: Countries by Share of the Global Economy
(DBN)

Ranked: The 100 Biggest Public Companies in the World
(DBN)

Russia Set to Export Large Amounts of Diesel Before EU Sanctions • Zelenskyy made a secret phone call to Mitch McConnell urging him to pass a provision that would give Ukraine the seized fortunes of Russian oligarchs: report
(DBN)

Millions of People Are Still Moving to Florida. They Might Regret It.
(DBN)

US investors are underestimating how painful a recession could be for some companies, strategist says
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

Mortgage Rates in the US Rise for the First Time in Seven Weeks
(DBN)

Inflation Adjusted House Prices 3.8% Below Peak
(DBN)

The US housing market is stuck in the 'doldrums' as mortgage rates edge higher, says Freddie Mac
(DBN)

They Were Promised an End to Homelessness. Now They Face Eviction.
(DBN)

Most Americans couldn’t afford to buy their own home today: survey
(DBN)

Miami is the least affordable housing market in the U.S.—see which other cities made the list
(DBN)

Federal jury finds 2 defendants guilty of participating in nationwide foreclosure rescue scam
(DBN)

The top 5 cities around the world where even the rich soon won't be able to afford renting an apartment
(DBN)

____________

Municipalities:

Remote Work Will Devastate US Cities
(DBN)

____________

Oil/Gas:

Shale Bosses Worried About US Labor Shortages Going Into 2023
(DBN)

UK Oil Lobby Warns Financing May Dry Up After Windfall Tax
(DBN)

Fossil Fuel Power Plunged Up to 68% as Blackouts Hit US South
(DBN)

Germany's Energy Crisis Powers Hydrogen Switch
(DBN)

____________

Mass Torts:

US Sues AmerisourceBergen Claiming Suspicious Opioid Orders
(DBN)

US bankruptcy court approves $121M clergy abuse settlement
(DBN)

Special Report-Boy Scouts, Catholic dioceses find haven from sex abuse suits in bankruptcy
(DBN)

____________

Crypto:

Sam Bankman-Fried's Alameda Research sells $1.7 million in crypto amid bankruptcy and still holds over $112 million in tokens • FTX used $200 million of customer funds for venture capital investments, SEC complaint shows • Sam Bankman-Fried 'surprisingly optimistic' at meeting with crypto influencer • Bankman-Fried Met With White House Aides on Crypto Policy Before FTX Collapse • Sam Bankman-Fried funded more than 90% of a leading DC ethics group's political arm in 2021 • FTX customers ask bankruptcy court to keep their names secret • FTX Scandal: Crypto Accountants and Lawyers Failed to Sound Alarm • FTX Customers Seek Privacy in Crypto Bankruptcy Case • FTX customers are reportedly taking huge losses on their outstanding investments so they don't have to wait months for bankruptcy claims • FTX Japan to return assets to clients from February • Regulators in the Bahamas Are Holding $3.5 Billion in FTX Customer Assets • Bahamas Seized $3.5 Billion FTX Assets on Custody Concerns • Bahamas regulator holds FTX assets pending delivery to customers, creditors • ‘Irreconcilable Conflict’ Emerges in FTX Crypto Bankruptcy As Non-US Investors Push Fight • Bankman-Fried’s Risk Tolerance Was the Big Red Flag
(DBN)

Crypto Miner Bitfarms Says CEO Grodzki Resigned
(DBN)

FTX Customers Want Identities Redacted From Bankruptcy Filings
(WSJ)

____________

Tech:

Elon Musk responds to Twitter's first widespread outage under his leadership by saying the platform is working for him • Twitter back online after widespread outage Wednesday night • Elon Musk’s Latest Delusion: He Thinks Twitter Can Replace Journalism • Elon Musk Sells Another $3.6 Billion In Tesla Stock To Prop Up Twitter
(DBN)

Amazon lost half its value this year as tech stocks got crushed and recession fears grew
(DBN)

____________

History:

The Men Who Escaped Auschwitz to Try to Warn the World
(DBN)

____________

Fraud:

Why hasn’t pandemic aid fraud become a bigger scandal?
(DBN)

College scandal middleman blames ‘winning at all costs’
(DBN)

____________

Distressed Investing:

Distressed Investing Is Back. These Trades Are Defining the Game
(DBN)

____________

Autos Racing:

Former NASCAR car owner ordered to pay $31 million in bankruptcy proceedings: report
(DBN)

____________

Entertainment:

2022 was tough for media stocks like Netflix and Disney, and 2023 doesn’t look good, either
(DBN)

____________

Celebs:

Kanye West missing? Ex-business manager can’t find rapper to serve him lawsuit • Where's Ye? The lawyers who dropped Kanye West after his antisemitic tirades can't locate him to say they've quit.
(DBN)

____________

Tax:

Donald Trump paid $0 in taxes in 2020. He’s not alone: 60% of households paid no federal income tax that year, but for very different reasons.
(DBN)

____________

Retailing:

The pandemic didn't kill stores but they'll never be the same again
(DBN)

____________

 
New Bankruptcy Opinions
(3 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (9 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 Alternatives:

ABC Details In Illinois: Under Common Law Of Trusts
(DBN)

____________

Avoidance Actions:

Third Circuit Rules That Pre-Bankruptcy Termination of A Purchase Option is Not an Avoidable Fraudulent Transfer
(DBN)

____________

Miscellaneous:

FTX and beyond: The year in review for corporate bankruptcy
(DBN)

____________

Substantial Contribution:

Substantial Contribution: A New Decision from the Third Circuit
(DBN)

____________

Autos:

Tesla owners share videos of their cars failing in arctic freeze • Elon Musk's conservative politics are hurting his personal brand and alienating Tesla's main customers, Nobel laureate Paul Krugman says • Used Tesla prices are plummeting four times faster than other cars • The Vibes are Off at Tesla
(DBN)

____________

Aviation:

Southwest Airlines says it expects normal operations on Friday after meltdown • With Only Dozens of Cancellations on Friday, Southwest Steps Closer to Normal • Southwest passengers stuck in a "free for all" baggage claim nightmare • ‘Absolutely shocking’: Traveler records airport police threatening to arrest Southwest customers • Southwest Owes Passengers Refunds. This Is What They’ve Been Doing Instead. • Southwest Airlines' troubles continuing: Thousands more flights canceled • Southwest Cancels More Flights as Chaos Shows No Sign of Abating • Southwest's cancellation nightmare sends ripples across travel industry with rental car shortages, inflated flight prices, and ongoing delays • Union blasts Southwest: ‘Leadership shortcomings’ have led to ‘repeated system disruptions’ • Southwest Airlines meltdown: When ultra-efficiency is not supported by technology • Southwest Airlines chaos sparks new calls to make airlines pay passengers when flights are delayed or canceled • Southwest scrambles to fill key staff shortages with HQ workers, memo reveals • Buttigieg Faces Airline Ire Amid Claims He Ignored Flight Chaos Warnings • Southwest Workers Say They Suffered Frostbite During 16-Hour Shifts • Southwest Airlines says holiday meltdown will ‘certainly’ hit fourth-quarter results • Southwest could face stiff fines as Buttigieg slams 'unacceptable' chaos • Progressives take aim at Buttigieg over Southwest fiasco • 2 teachers missed their $4,000 honeymoon cruise after their flight was canceled and they were met with 'radio silence' from Southwest
(DBN)

UK and France say no plans to follow Italy with Covid tests for China arrivals • Here’s where Covid rules for visitors from China are changing • China Responds to U.S. Covid Testing Rule With a Collective Shrug • EU Advises Tighter Covid Surveillance Amid Concern Over China • Spain to Require Covid Test for Passengers Arriving From China • Malaysia to Test Wastewater From Flights Arriving From China • Thai Businesses Prep for Return of Chinese Tourists With Caution
(DBN)

Thai Airways on track with its rehabilitation plan
(DBN)

Hong Kong Scraps Quarantine Rules for International Air Crews
(DBN)

____________

UK:

Joules left creditors £100m out of pocket when it went bust this month
(DBN)

Debt-ridden Slough Borough Council seeks tax rise above legal cap
(DBN)

UK Won’t Be Held to Ransom by Striking Unions, Minister Says • Britons Facing More Travel Disruption in Road Officers Strike
(DBN)

UK Labour Has 26-Point Lead Over Sunak’s Tories in Latest Poll
(DBN)

UK House Prices Fall for Fourth Month After Key Rate Surges
(DBN)

UK Set to Halve Energy Support for Businesses, Times Reports
(DBN)

British Consumers Opt for Nights In After Utility Bills Soar 33%
(DBN)

Deloitte cuts UK office temperatures by 2C to save energy
(DBN)

Asos Is Worst UK Stock in 2022 as Consumer Crisis, Inflation Hit
(DBN)

____________

Canada:

Table Talk Pies expands to Canada with purchase of bankrupt Pâtisserie Gaudet
(DBN)

____________

Russia:

Russia launches "most massive" missile attack on Ukrainian cities • Russia launches biggest missile strike in weeks as up to 120 rockets and ‘kamikaze’ drones bombard Ukraine • Russia Claims It Will ‘Never’ Run Out of Missiles After Ukraine Barrage • Russia follows up day of bombardment with overnight drone attack
(DBN)

Putin, Xi Hold Talks as Russia Struggles With War in Ukraine
(DBN)

Putin, unaccustomed to losing, is increasingly isolated as war falters
(DBN)

Murder, Putin wrote?
(DBN)

Putting Putin and Company in the Dock
(DBN)

Vladimir Putin’s 2022 Has Really Not Gone to Plan
(DBN)

First Javelins. Then HIMARS. Now Patriot. What’s next? • US Weighs Sending Bradley Fighting Vehicles to Bolster Ukraine
(DBN)

____________

China:

Most Chinese shoppers are very cautious about going out, survey finds
(DBN)

Lack of info on China’s COVID-19 surge stirs global concern • U.S., global officials worried about lack of transparency from China on Covid • Risk of a dangerous new Covid variant in China is ‘quite low,’ U.S. health expert says • China Covid Wave Sparks Scramble for Vital Drugs Across Region • China’s Economic Activity Rebounds in Cities Where Covid Peaked • China Faces Deluge of Covid Deaths in First Lunar New Year Without Pandemic Curbs
(DBN)

China Warships Near Guam in Warning to USA
(DBN)

Chinese Jet Came Within 10 Feet of US Aircraft
(DBN)

China’s Overnight Funding Cost Increases Fourfold Into Year-End
(DBN)

____________

MENA:

Israel swears in most right-wing government in its history • Israel’s Hard-Line Government Takes Office, Testing Bonds with Allies • Biden says US will continue to support two state solution as Netanyahu is sworn in • Biden congratulates Netanyahu on his return to power in Israel • As Israel’s Netanyahu returns to office, troubles lie ahead
(DBN)

Taliban Divisions Inflamed by Sweeping Restrictions on Women
(DBN)

____________

India:

Global Investors Cool On India’s Bad Debt Reconstruction Firms
(DBN)

An Indian student activist spoke out about government discrimination. They demolished her house.
(DBN)

____________

Germany:

3 ways Germany’s migration crisis is different this time around
(DBN)

____________

Italy:

Italy tightens rules for asylum seeker rescue ships
(DBN)

____________

Spain:

Spanish Inflation Slows More Than Expected, Hitting 5.6%
(DBN)

____________


The Daily Bankruptcy News is primarily a curated news link gathering service.   Most of the headlines contained in the publication are a collection of links to stories posted on the Internet by various third party publications.  Such content is owned by third party sources, not The Daily Bankruptcy News, and in some cases, these links change or expire, which means you may not be able to view some news stories in prior editions of the Daily Bankruptcy News. The DBN subptption fee is not a fee for access to the content of the links, but is a charge for the considerable work involved in gathering, organizing and presenting the links. Use of this site and The Daily Bankruptcy News is subject to our Terms of Use. If you received The Daily Bankruptcy News via email (and you have a paid subscription account), to view a news story, click on the headline, and the story should open in your web browser. To view additional stories, click back to the email and click on additional headlines, which will cause new stories to open in your web browser.  You can view the most recent edition of The Daily Bankruptcy News on the web at BKInformation.com.

Advertising
Advertising is available in The Daily Bankruptcy News. Click here for details  Feel free to contact us with any questions.

Passwords/Subscriptions
Access to certain links in The Daily Bankruptcy News is available only to readers holding a paid service subscription. These links are currently marked with a "DBN" notation. The cost of a subscription is $74.00/year, payable annually.  Volume discounts are available for sites with multiple users. Click here to see a schedule of discounts. Complimentary subscriptions are available for full-time educational and governmental employees and for full time students. For information about discounts or educational/governmental subscriptions, contact us by clicking here. A separate password is required for each member of a firm wishing access to restricted links.

New readers can receive a free password good for 30 days by clicking here. 30-day passwords are not available to readers who have previously had a password, even if the password was associated with a different email address used by the reader. Refunds are not available after purchase.

Readers who wish to change their passwords should click here. Readers who have forgotten their password should click here.

Adding Your Email Address To The Distribution List
If you would like to start receiving The Daily Bankruptcy News by email each day, click here, and fill in the information requested. There is no charge to be placed on the distribution list to receive the headlines, although access to many of the links behind the headlines requires a paid subscription (see above, under Passwords). If, after adding your email address to the distribution list, you do not receive an email confirming the addition, please contact us by clicking here for help.

Removing Your Email Address From The Distribution List
If you already receive The Daily Bankruptcy News by email and you wish to remove your email address from the distribution list, click here and send the email that should appear. You do not need to type anything in the body of the email message. Note that the email asking for removal must be sent from the same email address which is on our distribution list. If you do not receive an email confirming deletion of your email address from the distribution list, contact us by clicking here for help.

If receive the publication forwarded from an older email address, you will need to contact us as described below for help removing that older address from our distribution list.

Press Releases/News Tips
Please send press releases and news tips to admin@bkinformation.com

Contact Us
The Daily Bankruptcy News is published each business day by BKINFORMATION.COM, L.L.C. You can phone or text us at 281-402-3957. You can email us at accounting@bkinformation.com (email inquiries are usually answered substantially more quickly than phone inquiries). Our mailing address is 935 Eldridge Road, No. 350, Sugar Land, Texas 77478.
Copyright 2022