July 29, 2022

The Daily Bankruptcy News

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Law:

Pay for 2021 law grads is at all-time high as percentage of BigLaw jobs increases, NALP says The Job Market Is Really, Really Good For Recent Law School Grads
(DBN)

Ex-Boyfriend Of Biglaw Associate Arrested For Insider Trading... Wonder Where He Allegedly Got All That Nonpublic Info?
(DBN)

Is It Defamation Per Se To Accuse Someone Of Having Sex With Elon Musk? Asking For The Wall Street Journal.
(DBN)

This San Francisco law school is changing its name. Here's why
(DBN)

MILF: Moms In Law Fight
(DBN)

Too Many Women Say Having Children Has Hurt Their Careers
(DBN)

Some Lawyers Can Be Pretty Sloppy With Their Work Product
(DBN)

Linklaters rebukes trainees for moaning about money
(DBN)

Ince CEO canned as firm seeks millions in emergency funding
(DBN)

Panel zeroes in on Trump Cabinet's conversations about invoking the 25th Amendment after Jan. 6 Co-defendant in Jan. 6 assault on officer Sicknick pleads guilty Mick Mulvaney, Trump's former acting chief of staff, testifying before Jan. 6 committee Jan. 6 committee reaches deal to share depositions with DOJ Secret Service Chief Delays Planned Exit as Agency Faces Jan. 6 Scrutiny 'No closure yet': Officer Daniel Hodges wants Trump to be held accountable Court battle looming in Jan. 6 probe DHS Texts for Jan. 6 Missing Too
(DBN)

Trump legal threat against CNN stops short of arguing that his election-fraud claims are true, says only that he 'subjectively believes' them
(DBN)

Trump is in growing legal and political jeopardy after a whirlwind week DOJ has multiple possible paths to Trump indictment: Here's what it could look like
(DBN)

For A Guy Who Doesn't Want To Get Back On Facebook, Trump Sure Is Litigating Pretty Hard To Get Back On Facebook
(DBN)

John Eastman Gets Bar Complaint, Loses Motion, Should Evaluate Life Choices Supreme Court Asked to Disbar John Eastman Over Jan. 6 Role
(DBN)

Feds 'Obtained a Second Federal Search Warrant' to Scrutinize Donald Trump Attorney John Eastman's Cell Phone: Filing
(DBN)

Steve Bannon's Complaint About Trial Publicity in Contempt of Congress Case Failed to Mention His Own Podcast and Gettr Posts: Feds
(DBN)

Jeffrey Epstein Still Using Sex-Crime Trust Fund From Beyond The Grave
(DBN)

Dems fear red states banning abortion will zero in on birth control next
(DBN)

Indiana Attorney General Is Using 'Nonsensical' Consumer Complaints to Target Doctor Who Provided Abortion to 10-Year-Old Rape Victim: Lawyer Texas Cities Push Back on Abortion Ban Overturning Roe Opened Attacks on Doctors
(DBN)

CNN Poll: About two-thirds of Americans disapprove of overturning Roe v. Wade
(DBN)

Alabama is set to execute an inmate despite pleas from the victim's family
(DBN)

DC mayor requests National Guard over migrants bussed to capital
(DBN)

ICE finds 73 migrants living in smuggler stash houses in Northwest D.C., internal documents reveal
(DBN)

4 children dead in Alaska after boy fatally shoots siblings before turning gun on himself, authorities say
(DBN)

Johnny Depp's Lawyer Breaks Silence About Ongoing Appeals in Amber Heard Defamation Drama
(DBN)

Uvalde school principal disputes findings on shooting that left 21 dead Uvalde Principle Reinstated After 3 Days
(DBN)

Judge Gives R. Kelly Fan Charged with Threatening Prosecutors a New Chance to Stay Out of Jail — After Feds Say He Flouted Rules of Release
(DBN)

Texas Man Accused of Assaulting Girlfriend, Telling Her 'You Know You're Not Going to Live Through the Night, Right?'
(DBN)

Wealthy Heir to Famous Texas Car Dealers, Former Israeli Defense Forces Member, and 2 Ex-Marines Indicted in Murder-for-Hire Conspiracy that Left Nashville Couple Dead
(DBN)

Fifth Circuit Denies Qualified Immunity Defense to Texas Deputy Who Allegedly Forced a Woman to Expose Herself to Him
(DBN)

Sleepwalking employee who got into next-door colleague's hotel bed isn't protected by disability law, 5th Circuit rules
(DBN)

______________

Judges:

Justice Department investigating data breach of federal court system US Investigating 'Significant' Breach of American Court System
(DBN)

DOJ official pressed on targeting of Supreme Court justices
(DBN)

Haunted by the ghosts of settled law
(DBN)

Justice Thomas Is Suddenly 'Unavailable' to Teach at D.C. Law School After Students Petitioned for His Firing
(DBN)

Man Accused of Attempting to Murder a Justice Asked on Reddit if 'Kavanaugh Being Removed' Would 'Help Women Long Term': Feds Kavanaugh suspect said he wanted to kill more Supreme Court justices, officials say
(DBN)

House bill would push Supreme Court justices into senior status after 18-year terms
(DBN)

'ABA Profile of the Legal Profession' report shines a light on judicial diversity
(DBN)

5th Circuit revokes federal judge's lifetime ban of prosecutor from his courtroom Federal Judge Gets Benchslapped -- AGAIN -- Over The Suspiciously Sexist Way He Runs His Courtroom Appeals Court Calls Out Federal Judge Who 'Belittled' a Prosecutor 'Based on Her Sex' and Tried to Ban Her For Life
(DBN)

U.S. Supreme Court Justice Alito mocks foreign critics of abortion ruling
(DBN)

After Ex-Rep. Fortenberry's Conviction for Lying to FBI, His Attorney Lawyers Up to Fight Judge's Sanctions Threat
(DBN)

The Supreme Court Has Too Much Power and Liberals Are to Blame
(DBN)

______________

Wall Street:

US Futures Jump on Earnings, Cooling Fed-Hike Bets S&P 500 futures gain after strong Apple, Amazon reports as index heads for best month since 2020
(DBN)

Stocks rally a second day as investors look past recession worries, Dow adds more than 300 points
(DBN)

Why stocks are so weird right now
(DBN)

______________

Layoffs:

How companies should communicate layoffs
(DBN)

F45 Training Cuts Staff, Lowers Outlook
(DBN)

______________

Media:

Meta officially cuts funding for U.S. news publishers
(DBN)

____________

Politics:

Biden's agenda is, in fact, back
(DBN)

Elizabeth Warren: President Biden "should be running" for re-election
(DBN)

Harris, Newsom top list of Democratic preferences if Biden doesn't run: poll
(DBN)

Biden's soft power has not been enough to stop would-be rivals from grabbing the 2024 spotlight
(DBN)

House Democrats to propose ban on lawmakers trading stocks: report 66 members of Congress have violated a law designed to prevent insider trading and stop conflicts-of-interest
(DBN)

America's brand tanks in Europe
(DBN)

Dynamic shifts between Fox News, Donald Trump 'Fox & Friends' Is Now Begging Trump to Love Them Again
(DBN)

Florida warns schools against following Biden's LGBTQ student protections
(DBN)

Trump defends hosting Saudi golf tournament: 'Nobody's gotten to the bottom of 9/11'
(DBN)

Can Someone Please Explain the First Amendment to DeSantis?
(DBN)

Splitsville: McConnell and McCarthy break on big votes
(DBN)

Kushner in new book claims Kelly shoved Ivanka Trump
(DBN)

Jon Stewart blasts GOP for blocking burn pits bill: 'Their constituents are dying' Veterans' groups lash out after GOP blocks toxins bill: 'I'm sick and tired of this bulls—'
(DBN)

Wisconsin's Partisan 2020 Election Review Has Produced 'Absolutely No Evidence' of Fraud, Judge Declares at Hearing
(DBN)

New Third Political Party is Going Nowhere
(DBN)

____________

Healthcare:

COVID study: Millions suffer long-term smell or taste problems
(DBN)

LA Holds Off Reimposing Mask Mandate as Covid Cases Fall
(DBN)

Rapid Loss of Smell Linked to Higher Odds of Alzheimer's
(DBN)

More than 1 in 8 LGBTQ people live in states where doctors can refuse to treat them
(DBN)

____________


Economy:

BEA: Real GDP decreased at 0.9% Annualized Rate in Q2 U.S. economy shrinks for second straight quarter, igniting recession fears What GDP does and doesn't tell us A Few Comments on Q2 GDP and Investment Recession semantics aside, the new GDP numbers are bad Biden says nation is 'on the right path' despite latest GDP report GDP declined again — but that might not mean we're in a recession GDP dips, sparking recession fears: Here's what's really happening
(DBN)

The Fed made its move - but markets priced in a recession already. Here's what to know.
(DBN)

Computers Outperform Humans for Accuracy on US GDP Forecasts
(DBN)

Yellen: We should avoid recession "semantic battle"
(DBN)

U.S. yield curve flashing more warning signs of recession risks ahead
(DBN)

How recessions haunted three presidents, and how two others recovered
(DBN)

'That doesn't sound like a recession to me': Biden refuses to admit economic crisis
(DBN)

Amazon Jumps on Strong Sales That Ease Fears of Slowdown
(DBN)

The economy may look like it's in recession, but we still don't know for sure
(DBN)

Powell: No recession right now, but anything's possible
(DBN)

Weekly Initial Unemployment Claims at 256,000 US jobless claims drop slightly, still hold near 8-month high
(DBN)

Super high inflation hits California
(DBN)

How Goes the War on Inflation?
(DBN)

Here's How Badly Central Banks Failed to Spot Inflation Shock
(DBN)

People with new jobs are making more money than those who stayed put
(DBN)

If you make less than $400,000 a year, your taxes shouldn't be affected by Manchin's new tax and energy deal Manchin-Schumer talks revived Biden's stalled agenda Read the full text of the deal that Manchin and Schumer just struck to curb inflation, tax corporations, and fight climate change Washington waits for Sinema's verdict Biden: Reconciliation is "strongest bill" to cut deficit and lower inflation Manchin says he is firm on closing tax loophole; Sinema absent from caucus meeting Carried Interest Is Back in the Headlines. What Would a New Tax Proposal Do? How Democrats plan to overhaul taxes, climate spending, and health care before the midterms Schumer urges Senate to pass deal with Manchin before August recess Dems start racing the clock — and Senate rules — to pass Manchin-blessed deal Manchin says he didn't pull a fast one on GOP with deal on Inflation Reduction Act Larry Summers plugs Schumer-Manchin deal: 'This bill is fighting inflation' Big business groups lash out at Manchin-Schumer deal Manchin: I was 'ostracized,' 'victimized' after nuking BBB Manchin's Desire to Tax Corporations Helped Resurrect Biden Agenda
(DBN)

Russian oil bans have sparked a fuel-tanker buying frenzy - pushing the cost of second-hand carriers up by as much as 60% Macron Makes Plea to Saudi Crown Prince as Energy Prices Bite Engie CEO Says Gas Demand Is Falling Amid Russian Squeeze Swiss Exports to Russia Surge in Race to Beat Sanctions Cold showers and more: German city turns off the hot water to survive gas cuts
(DBN)

Communications, media jobs projected to grow over next decade
(DBN)

Remote working prevents full recovery of U.S. coffee shop sales - research
(DBN)

Global Bonds Surge in Best Month Since 2020 on Recession Fears
(DBN)

Biden Loses Bragging Rights Against China With US Economy Fading
(DBN)

Don't expect a sudden turnaround on supply chain problems, top autos CEO says
(DBN)

Trucking CEOs expect higher prices, potential disruptions in second half of 2022
(DBN)

Regrets of the Pandemic Impulse Buyers
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

Four 'corporate landlords' engaged in 15,000 evictions despite CDC moratorium, House report says
(DBN)

The housing slowdown is here
(DBN)

Housing market demand continues to tumble even as mortgage rates dip, says Freddie Mac
(DBN)

Mortgage rates fall as fears about the US economy loom
(DBN)

Median vs Repeat Sales Index House Prices
(DBN)

Singapore, New York Tie for Highest Rental Growth in First Half
(DBN)

Rents Are Out of Reach for Minimum-Wage Workers Toiling 40 Hours a Week
(DBN)

____________

Oil/Gas:

US oil exports have hit a record as WTI crude trades at its cheapest in 3 years. Here's what's going on.
(DBN)

Natural gas hits highest level since 2008, on pace for best month ever as Russia cuts supply
(DBN)

Chevron, Exxon post record quarterly profits as commodity prices boom Shell Reports Record Profits
(DBN)

The City That Pioneered EU's Car Free Future
(DBN)

____________

Nursing Homes:

The Crisis Facing Nursing Homes, Assisted Living and Home Care for America's Elderly
(DBN)

____________

Fraud:

Ex-Obama White House Adviser Receives a Year and a Day in Prison for Scheme to Steal from the Charter School He Founded
(DBN)

____________

Climate:

What's in the "game changer" climate bill nobody saw coming Seven Key Provisions in the Climate Deal Biden's climate plan is back, and it's all about building things Manchin-Schumer deal could be historic win on climate change
(DBN)

Carbon Pricing Isn't Enough to Mitigate Climate Change
(DBN)

Why Extreme Heat Plus Pollution Is a Deadly Combination
(DBN)

When the Heat Can't Be Beat
(DBN)

Why flash floods are getting fiercer
(DBN)

New Sustainability Rules Attacked for Protecting Profits Over Planet
(DBN)

Climate Change Made Deadly UK Heat Wave at Least 10 Times Likelier
(DBN)

____________

Crypto:

US Demands Voyager Clarify Client Funds Are Not FDIC Insured FDIC Slaps Bankrupt Lender Voyager Over Deposit Insurance Claims
(DBN)

It's Getting Chilly: The "Cryptowinter" Marches On
(DBN)

Singapore-based crypto exchange Zipmex files for bankruptcy protection Bitcoin Bear Market Claims Another Crypto Firm as Zipmex Files for Bankruptcy
(DBN)

Lawyers argue 3AC founders 'continue to conceal their whereabouts' in latest hearing
(DBN)

Coinbase's artful interpretation of vague rules
(DBN)

The Crypto Collapse Has Flooded the Market With Rolex and Patek
(DBN)

Bitcoin and Ether Are on Track for Their Best Month Since 2021
(DBN)

Celsius Users Need To Be Wary Of Phishing Scams Attempting To Steal Bitcoin, Ethereum, Analyst Warns
(DBN)

Coinbase is in deep sh*tcoins—and so is the SEC
(DBN)

____________

Tech:

Reality crashes down on Meta
(DBN)

Phone Shipments Plunge to Pandemic Lows as Demand Ebbs
(DBN)

____________

Banking:

Credit Suisse Woes Spread to Singapore With $800 Million Trial
(DBN)

____________

Tourism:

Las Vegas June 2022: Visitor Traffic Down 7.8% Compared to 2019
(DBN)

____________

Food/Beverage:

Hospitality Wage Growth Reignites Tipped Minimum Wage Battle
(DBN)

N.C. Chick-fil-A asks volunteers to work drive-thru for food not pay, faces backlash
(DBN)

____________

 


New Bankruptcy Opinions
(4 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 (14 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)

Subchapter V:

BK SD TX: Solicitation of Applicants to Serve as Subchapter V Trustees
(DBN)

____________

Professional Compensation:

US Trustee's "Guidelines" For Bifurcated Fee Agreements In Chapter 7
(DBN)

____________

Constitution:

Supreme Court Invalidates Chapter 11 Fee Scheme
(DBN)

____________

Mass Torts:

3M Puts Legacy Liabilities in Chapter
(DBN)

Federal judge Casey Rogers says @3M 's feelings about the 230k earplug injury claims it faces "is not a reason.... for a bankruptcy court to offer safe haven or protection to a perfectly solvent defendant."
(DBN)

Judge Questions 3M's Use of Bankruptcy to Fight Veterans' Suits
(DBN)

How a business that looked so good turned so bad for 3M
(DBN)

Judge appoints Kenneth Feinberg to evaluate J&J cancer claims in bankruptcy
(DBN)

____________

Contracts:

The Supposed Hierarchy of "Efforts" Clauses
(DBN)

____________

Aviation:

A baggage handler at one of Europe's busiest airports says there's a 'very slim' chance luggage will reach its destination
(DBN)

British Airways Parent Posts Profit, Upbeat on Demand Outlook
(DBN)

Air France-KLM Set to Add Flights After First Profit Since 2019
(DBN)

Toxic culture and 'race to the bottom': Pilots on why air travel is in chaos
(DBN)

____________

Education:

California's crack-of-dawn school ban could set a national trend
(DBN)

____________

Horse Racing:

$6 Million to Change Hands in Zayat Stables Settlement
(DBN)

____________

Retailing:

Here comes a 'flurry' of retail bankruptcies, former retail CEO warns
(DBN)

Amazon posts 7.2 percent increase in revenue, the slowest growth rate in two decades.
(DBN)

'Dark stores' offer anything you need in 30 minutes. But there's a human cost
(DBN)

____________

Student Debt:

Biden's student loans plan shrouded in mystery
(DBN)

Democrats urge Biden administration to extend student loan payment pause
(DBN)

Biden's Slow-Walk on Student Loans Means More Pressure to Go Big
(DBN)

____________

Digital Communications:

Avaya: Chapter 22 Might Be In The Cards Now
(DBN)

____________

Festivals:

A Woke Music Fest Imploded—and Angry Fans Want Answers
(DBN)

____________

Sovereigns:

China says its massive loans, projects did not push Sri Lanka to bankruptcy Sri Lanka Inflation Climbs to 60.8% as Dollar Crunch Persists
(DBN)

Kenya Has $35 Billion of Illegal Debt, Disbarred Politician Says
(DBN)

____________

UK:

UK Mortgage Lending Slows as Higher Rates Squeeze Living Costs
(DBN)

UK Pays Lenders £352 Million So Far to Cover Virus Loan Losses
(DBN)

UK Business Confidence Falls as Firms Worry About Economic Slump
(DBN)

____________

EU:

Euro-Zone Inflation Hits Record, Backing Calls for Larger Hikes
(DBN)

Euro zone grows 0.7% in the second quarter despite gas crisis, inflation surge
(DBN)

____________

Russia:

Graham, Blumenthal call to designate Russia state sponsor of terrorism: 'Putin is sitting on top of a state terrorist apparatus'
(DBN)

Ukraine mounts counteroffensive for what could be 'a major blow to the Russian war effort' Russian forces launch missile attacks on northern Ukraine Why does Ukraine fight? So it can exist, Zelensky says.
(DBN)

Ukraine Signals Plans for Grain-Export Test Run on Friday
(DBN)

____________

Argentina:

Argentina's central bank again hikes interest rate, now at 60% Argentina Names Third Economy Minister in a Month Amid Crisis
(DBN)

____________

China:

Restructuring and insolvency increase in China
(DBN)

Creditors allowed to recommend bankruptcy administrators
(DBN)

China targets $148 billion in financing for cash-strapped developers
(DBN)

Evergrande Creditors Demand Further Explanation for Billions in Seized Cash
(WSJ)

China's Politburo Ignites Talk About $220 Billion More in Debt
(DBN)

Iron Ore Sinks as Hopes for More China Home-Rescue Plans Dashed
(DBN)

Excess Cash Piles Up in China Havens Instead of Flowing Into Real Economy
(DBN)

____________

Taiwan:

Taiwan Joins Global Slowdown With Weakest Growth Since 2020
(DBN)

____________

Indonesia:

The Indonesian insolvency and restructuring landscape
(DBN)

____________

Italy:

Italy Bracing for Right Wing Government Takeover
(DBN)

____________

Macau:

Forty pct of local start-ups facing risk of bankruptcy – Survey
(DBN)

____________

South Korea:

SsangYong Motor submits rehabilitation plan to court
(DBN)

____________

Germany:

German Recession May Have Started, Even If Rounded Data Say Otherwise
(DBN)

____________

Poland:

Polish July Inflation Stays Unchanged at Quarter-Century High
(DBN)

____________

MENA:

US, Taliban Discuss Unlocking $3.5 Billion in Afghan Reserves
(DBN)

____________


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