November 29, 2022

The Daily Bankruptcy News

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Law:

What If This Year's Biglaw Bonus Is No Bonus At All?
(DBN)

Reminder To Laid-Off Biglaw Associates: You're Just A Product
(DBN)

The Best Biglaw Firm On Both Sides Of The Atlantic
(DBN)

Worried about the 2023 lawyer jobs market? This legal search consultant has some tips
(DBN)

A Versatile Powerhouse: How Selendy Gay Elsberg Built a Trial-Forward Bankruptcy Practice
(DBN)

Which law schools are now boycotting US News rankings? Some say they’re staying in
(DBN)

ABA asks SCOTUS to preserve long-standing attorney-client privilege
(DBN)

Michigan Law School Wins Rivalry Week
(DBN)

Lawyer Faces Ethics Complaint For Pooping In Pringles Can, Flinging It Into Victims Advocacy Center Parking Lot
(DBN)

Florida Woman Files $5 Million Lawsuit Claiming Velveeta Shells & Cheese Aren't Actually 'Ready' in 3.5 Minutes
(DBN)

Many of Donald Trump's legal problems are coming to an end as he launches his 3rd presidential run — but the biggest risks remain
(DBN)

The Don Might Have to Face Worst Nightmare: DC Jury
(DBN)

Jan. 6 committee is questioning ex-Trump aide Kellyanne Conway Inside FBI's Unprecedented Jan 6 Geofence Dragnet John Eastman's 'sorry' excuse for Jan. 6 is like a 'plea bargain': op-ed Jurors Have Questions About the Justice Department's Most Serious Count in the Oath Keepers Trial: Seditious Conspiracy Judge Refuses to Toss Jan. 6 Charges Against Proud Boys, Keeps Seditious Conspiracy Case in D.C. 'Just Here to Move on': Brooklyn 'Maniac Plumber' and Failed Political Candidate Pleads Guilty in Jan. 6 Capitol Breach
(DBN)

E. Jean Carroll Adds Battery And Defamation Counts As Trump's Lawyers Tape 'Kick Me' Signs To Each Other's Backs
(DBN)

Trump Flips S--- Over Special Master As His Lawyers Get Spanked At Eleventh Circuit Special Master Throws Curveball to Trump and DOJ, Nixes Upcoming Hearing About Various Issues and Tells Both Sides to Instead Answer Questions in Writing
(DBN)

Trump Org. lawyers almost impeach their own witness at trial
(DBN)

Republicans Next Move? Rewrite the Constitution
(DBN)

Buffalo shooter pleads guilty to domestic terrorism motivated by hate, and other charges
(DBN)

Georgia Homeowner Charged with Murder for Fatally Shooting Fleeing Stranger He Found Sleeping in Vacant House: Cops
(DBN)

Harvey Weinstein's Lawyers Launch Defense Case with Choreographer Disputing Dirty Dancing: Havana Nights Assault Claims
(DBN)

Woman Files Lawsuit Accusing Ex-Hedge Fund Exec Leon Black of Raping Her Inside Jeffrey Epstein's Townhouse
(DBN)

Judge Accepts Austin Harrouff's Insanity Plea on Morning His 'Face Biter' Murder Trial Was Set to Begin 'Face Biter' Austin Harrouff Sentenced to Treatment After Victims' Loved Ones Bash Sudden Conclusion to Case
(DBN)

Lawyer Charged in Billionaire’s Tax Case Dies on Eve of Trial
(DBN)

Judge accepts insanity plea deal for man in face-biting case
(DBN)

Judge: Nunes Can Sue Maddow
(DBN)

Hunter accidentally shot dead by his own dog in freak accident
(DBN)

Murder, fear and racist fliers in Fargo
(DBN)

“I Was Never Ready for This”: How States Limit Teen Access to Abortion
(DBN)

Man Accused of Plot Against NYC Synagogue Connected to Neo-Nazi Twitter Accounts
(DBN)

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Judges:

SCOTUS Pushes Back on Ethics Complaints
(DBN)

Barrett urged to recuse herself from Supreme Court LGBT case over Christian faith
(DBN)

Judge is accused of falsely claiming assault in dispute over bike rental
(DBN)

'That's Not How It Works': Justices Jackson, Gorsuch and Sotomayor Grill Government Attorney Arguing in Favor of Broad Wire Fraud Theory
(DBN)

An Unequal Liberty
(DBN)

'We Are Heartsick': New Mexico Man Allegedly Shot His Judge Wife, Several Pets, and Himself
(DBN)

______________

Wall Street:

Stock futures bounce as China Covid concerns ease
(DBN)

Dow falls 200 points as Chinese Covid protests dampen market sentiment Stocks close lower, Dow drops nearly 500 points as supply chain concerns mount amid China protests
(DBN)

Stocks have not yet bottomed and investors should be prepared for flat returns through 2023, Goldman Sachs says
(DBN)

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Layoffs:

United Furniture sued after firing 2,700 workers while they slept: "Stress and despair"
(DBN)

Layoffs Create Pitfalls for Finance Executives Looking to Cut Costs
(WSJ)

Crypto Lender BlockFi Filing for Bankruptcy and Conducting Major Layoffs as FTX Contagion Claims Another
(DBN)

Gannett braces for 200 more layoffs this week
(DBN)

Spectrum to lay off R&D staff after FDA drug rejection
(DBN)

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Fraud:

Iconix Founder Neil Cole Convicted in Accounting-Fraud Retrial
(DBN)

Supreme Court Suggests It Will Limit Corruption Prosecutions Supreme Court considers reach of federal fraud law in 2 public corruption cases Justices Concerned About Future Political Corruption as They Consider Bribery Appeal of Former Cuomo Associate
(DBN)

Favre Wants Out of Lawsuit for Welfare Fraud
(DBN)

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Trucking:

The Uber-ization of US Trucking Is Only Speeding Up
(DBN)

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Banking:

Credit Suisse Shares Are Having Their Worst Run in 11 Years
(DBN)

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Cannabis:

Crashed Crypto FTX Invested Millions in Cannabis-Courting Moonstone Bank
(DBN)

Federal Judge in NY Issues Preliminary Injunction to Block Retail Cannabis Licenses on Constitutional Grounds
(DBN)

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Student Debt:

DOJ Announces New Guidance Regarding Bankruptcy Student Loan Discharge
(DBN)

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Biomass:

Judge orders Maine biomass company in bankruptcy to sell assets to pay off debts
(DBN)

____________

Festivals:

Failed Blended Fest CEO Swears He’s Not ‘a Fraud’ in Email to Staff
(DBN)

____________

Celebs:

Chrisleys' Former Daughter in Law Rats Them Out
(DBN)

____________

Healthcare:

How the Visionary Hospice Movement Became a For-Profit Hustle
(DBN)

Community hospitals are facing an impossible dilemma
(DBN)

Covid deaths skew older, reviving questions about ‘acceptable loss’
(DBN)

Motorcycle Rallies Are Linked to Surge in Organ Transplants
(DBN)

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Economy:

Four High Frequency Indicators for the Economy
(DBN)

The Fed's rapid interest-rate hikes spell trouble for the US economy - and its hands may be tied if disaster strikes, ex-policymaker says
(DBN)

The Fed will slash rates by 200 basis points by mid-2024 after staying hawkish in the short term, Deutsche Bank says
(DBN)

Why the global economy is slowing
(DBN)

Fed Officials Say More Rate Hikes Coming; Williams Flags Path to Cuts
(DBN)

Fed’s Williams Says Further Tightening Needed to Cool Inflation
(DBN)

Fed’s Bullard Says Markets Underestimating Chances of Higher Rates
(DBN)

China protests over lockdown measures could mean inflation gets stuck at 4% amid supply chain disruptions, Mohamed El-Erian says
(DBN)

It's not just housing – other US sectors are about to feel the brunt of the Fed's rate hikes, Solus strategist says
(DBN)

EU States to Resume Russia Oil Price Cap Talks Monday Evening When £500,000 Isn’t Enough to Represent a Sanctioned Oligarch Russian Oil Keeps Gushing Despite Uncertainty Over Price Cap VW Warns Soaring EU Energy Costs Render Battery Plants Unviable Russia’s Flagship Oil Falls Further Below Proposed EU Price Cap Forecast for a Milder UK Winter May Soften Blow From Gas Crisis No Deal On Russian Oil Price Cap As Deadline Looms
(DBN)

New Yorkers Face Sharp Increase in Winter Electricity Prices Austin Calls for Donations to Help Households Struggling With Energy Bills
(DBN)

Some Finance Staff Spurning Return-to-Work Mandates, Survey Says
(DBN)

‘I believe the economy is the biggest bubble in world history,’ says ‘Rich Dad, Poor Dad’ author Robert Kiyosaki: ‘God have mercy on us all’
(DBN)

Freight rail shutdown could jeopardize fuel supplies nationwide Biden Tells Congress to Avert a Rail Strike 400 groups urge U.S. lawmakers to take 'immediate steps' to block potential rail strike
(DBN)

Here’s how China’s COVID lockdown protests are sparking unrest across markets and rattling the global investing landscape.
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

"Collapse" in home prices is coming, experts say
(DBN)

Robot Landlords Are Buying Up Houses
(DBN)

Where tighter monetary policy hits homeowners hardest
(DBN)

____________

Municipalities:

Court rejects credit unions' appeal on Puerto Rico bonds
(DBN)

Puerto Rico’s Troubled Power Utility Faces Make-or-Break Moment
(DBN)

Betting And A Soccer Stadium Didn’t Save Chester, Pennsylvania From Bankruptcy
(DBN)

____________

Oil/Gas:

Oil prices dip to their lowest level in 2022 as Covid protests in China intensify
(DBN)

Gasoline Prices Sink to Lowest Since February as Demand Sags
(DBN)

Crude oil prices erased most of their gains for the year and could head lower
(DBN)

Shell Buys Nature Energy in $2 Billion Push Into Biogas
(DBN)

OPEC+ Seen Considering Deeper Output Cuts as Oil Market Falters
(DBN)

Calif. To Ban Gas and Diesel Big Rigs by 2045
(DBN)

____________

Retailing:

Black Friday online shopping will hit a new record this year, even though consumers headed back to physical stores as the pandemic waned
(DBN)

Dumpster Diving to Shame Stores and Fight Waste
(DBN)

How Important is the Holiday Season for Retailers?
(DBN)

Covid Put a Dent in the Unstoppable Rise of Black Friday
(DBN)

Retailers’ Inflation-Fighting Discounts Yield Modest Growth on Black Friday
(DBN)

____________

Labor:

Judge to Amazon: Quit Anti-Union Retaliation
(DBN)

____________

Climate:

The 2021 Pacific Northwest heat wave was a climate change warning
(DBN)

U.S. warns California cities of possible water cuts and fourth year of drought
(DBN)

Dallas could ban all gas-powered lawn equipment to address noise, environment concerns
(DBN)

Drying California lake to get $250M in US drought funding
(DBN)

____________

Tech:

Elon Musk posted a bizarre photo of his 'bedside table,' featuring 2 guns, 4 empty cans of caffeine-free Coke, and a picture of George Washington Elon Musk Says Apple Has Mostly Stopped Advertising on Twitter Musk’s Twitter Risks Being EU Outlaw After Staff Exodus Musk's Twitter amnesty raises new fears over online hate A Twitter executive said she's been working more than 75 hours a week because Elon Musk fired so many people Elon Musk Takes On Apple’s Power, Setting Up a Clash Elon Musk claims Apple has threatened to remove the Twitter app Elon Musk is going to war with Apple, taking aim at its App Store fees and claiming it's against free speech
(DBN)

Meta Fined $277 Million for Leak of Half a Billion Users
(DBN)

AI experts are increasingly afraid of what they’re creating
(DBN)

____________

Education:

The College Age Population is About to Crash
(DBN)

____________

Politics:

GOP lawmakers hushed on Trump's dinner with white nationalist
(DBN)

Incoming House Intel Chair Punts on Hunter Biden Investigation
(DBN)

Trump demands election loser Kari Lake 'be installed' as Arizona governor
(DBN)

Trump Reportedly Won’t Denounce His White Supremacist Dinner Guest Because It’d Piss Off His Base Jewish Allies Call Trump’s Dinner With Antisemites a Breaking Point
(DBN)

Trump Plans Limited Role in Georgia Senate Runoff
(DBN)

Populist House Republicans Picking a Fight With US Business Over ‘Woke Capitalism’
(DBN)

GOP-controlled Arizona county refuses to certify election
(DBN)

The GOP can thank suburban NY for its slim control of the House
(DBN)

The guy who got the midterms right explains what the media got wrong
(DBN)

The not-so-lame duck session
(DBN)

House Democrats to GOP: Welcome to Hell
(DBN)

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New Bankruptcy Opinions
(5 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 (9 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:

The Changing Face of Chapter 11 Bankruptcy : Insights from Recent Trends and Research
(DBN)

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Discharge:

Judge Gargotta Nixes Non-Dischargeability Claim Against Corporate SubV Debtor
(DBN)

____________

Claims Trading:

Claims Agents Beware: Business Arrangement With Claims-Trading Platform Raises Court’s Concern
(DBN)

____________

Mass Torts:

Albany diocese's mediation with abuse survivors on brink of collapse
(DBN)

Texas Judge Backs Full $49M Jury Award Against Alex Jones Alex Jones' Ex-Wife: He's a Deadbeat Dad
(DBN)

____________

Swaps:

ISDA and SIFMA Back Dealers’ Bankruptcy Interest Swap Termination Claims over Debtor Objection
(DBN)

____________

Aviation:

Boeing Customer Goes Bankrupt
(DBN)

More than 3,000 flights delayed amid Thanksgiving travel rush
(DBN)

Odell Beckham's attorney blames 'overzealous flight attendant' for plane incident
(DBN)

Jet Airways resolution plan totters due to disagreement with creditors: Report Jet Airways creditors at odds with owners over recovery plan
(DBN)

Capital A to combine AirAsia and AirAsia X as part of restructuring plan
(DBN)

____________

Crypto:

Restructuring and FinTech: Crypto in crisis
(DBN)

FTX Tensions Intensify as Bahamas Blasts Company’s New Chief Ray Here’s the Latest on the FTX Collapse ‘No Cooperation’: How Sam Bankman-Fried Tried to Cling to FTX FTX resumes paying staff and contractors after weeks in limbo FTX logos and promotional material still everywhere despite bankruptcy proceedings FTX bankruptcy unique, losses hard to determine: Ken Feinberg Mark Cuban: If I Were Sam Bankman-Fried, I'd Be Afraid of Going to Jail for a Long Time From the NY Times to WaPo, the media is fawning over Bankman-Fried Kevin O'Leary Reveals How He Almost Secured $8 Billion to Rescue FTX Before It Collapsed Beware Congressional Oversight in FTX/Alameda Investigations The Bahamas has hit out at 'extremely regrettable' criticism from FTX's new CEO after the Nassau-based crypto giant collapsed Miami Fights to Break Ties With FTX, as Arena Curse Strikes Again FTX collapse put the Singapore government in a parliamentary hot seat
(DBN)

Crypto firm BlockFi files for bankruptcy as FTX fallout spreads Crypto's new bankruptcy move: We are not FTX BlockFi Turns to Kirkland, Haynes Boone for Bankruptcy Case BlockFi makes first appearance in bankruptcy court How FTX ‘death spiral’ spelled doom for BlockFi, according to bankruptcy filing BlockFi Sold $239 Million of Crypto, Warned of Job Cuts Before Bankruptcy More Crypto Trader Funds Trapped After FTX Collapse FTX’s BlockFi Rescue Didn’t Work BlockFi, 8 Affiliates File For Bankruptcy; Point Out FTX Exposure As Reason Behind Collapse Crypto lender BlockFi files for bankruptcy As BlockFi files for bankruptcy, what to know about crypto investor protections BlockFi Bankruptcy Filing Shows It Owes $30 Million to SEC BlockFi Liabilities are in $1B to $10B Range, Bankruptcy Filing Unveils FTX fallout spreads as crypto lender BlockFi files for bankruptcy FTX fallout spreads as crypto lender BlockFi files for bankruptcy BlockFi’s ‘Fugazi Bailout’ Condemns Crypto Lender to Bankruptcy Here’s how the BlockFi bankruptcy may affect your crypto taxes for 2022 BlockFi bankruptcy filing triggers a wide range of community reaction What Was BlockFi Hiding? BlockFi Bankruptcy Filing Makes It the Latest Casualty of the FTX Collapse Peter Thiel’s Fund Bleeds from BlockFi Bankruptcy Ripple Counsel Calls Out SEC Over BlockFi Bankruptcy Bankrupt BlockFi Sueing FTX Founder Over Robinhood Shares Promised as Collateral: Report BlockFi Sues SBF After Filing for Chapter 11 Bankruptcy Bankrupt Lender BlockFi Owes $275 Million to FTX.US
(DBN)

Mark Cuban still believes in crypto's fundamental value but thinks FTX's Sam Bankman-Fried is headed for jail
(DBN)

Crypto Crisis Latest: What's Happening With FTX's Collapse, the BlockFi Bankruptcy and Bitcoin Prices
(WSJ)

BlockFi Files for Bankruptcy, Binance Rumblings and Bitfront Closes
(DBN)

Will Crypto.com Thrive Or Take A Dive Post-FTX?
(DBN)

Miami nightclub owners mourn loss of ‘crypto nerds’ after FTX collapse
(DBN)

Blackboxes Within Blackboxes: Cryptocurrency In Your State Pension
(DBN)

Crypto Exchange AAX Looking at Potential Incoming Bankruptcy
(DBN)

We’re seeing a repeat of a cycle in the crypto industry: Bitcoin Layer founder
(DBN)

Investing in crypto is 'dangerous' and bitcoin could plummet to $10,000, billionaire investor Mark Mobius says
(DBN)

U.S. Crypto Exchange Kraken Settles With Treasury Department
(DBN)

Singapore Government Faces Parliament Grilling Over FTX Fallout
(DBN)

MakerDAO Rejects $500M Proposal to Invest in Bonds
(DBN)

Bitcoin Drops as Tremors From China Unrest Spook Global Markets
(DBN)

Crypto Fraud Leaps in UK as Scammers Target Unwary Amateurs
(DBN)

____________

UK:

KPMG’s failings led to Carillion’s collapse, High Court lawsuit says
(DBN)

Is Your Appointor Entitled to Appoint? The Importance of Checking Whether There is Power to Appoint UK Administrators
(DBN)

UK Retailers Cut Jobs, Investment as Economic Outlook Weakens
(DBN)

2/3rds Can't Afford Christmas Dinner
(DBN)

____________

EU:

Lagarde Says Would Be ‘Surprised’ If Euro-Zone Inflation Has Peaked Lagarde Says ECB Must Hike Even as Economy Weakens Into 2023
(DBN)

____________

Canada:

Arbitration and Litigation and Bankruptcy, Oh My!
(DBN)

Canadian Banks Face Second Straight Profit Drop on Loan Caution
(DBN)

____________

Russia:

Russian Exiles Struggle to Form a United Opposition to Putin
(DBN)

Surgeons work by flashlight as Ukraine power grid battered today
(DBN)

____________

China:

Bankruptcy of Stellantis’ Jeep joint venture in China could spell trouble for other automakers
(DBN)

Motorcycle Rallies Are Linked to Surge in Organ Transplants
(DBN)

Chinese stocks will struggle against persistent economic and market headwinds, and any recovery will be sluggish despite policy support from the government, UBS says Chinese Stocks in US Fall as Citizens Defy Covid Curbs in Unrest
(DBN)

China maintains zero-COVID despite unprecedented protests China faces dilemma in unwinding zero-COVID Chinese bots spammed Twitter with p---, which buried news about COVID-19 protests in China, report says Protests against Covid controls erupt across China China’s Xi faces threat from public anger over ‘zero COVID’ Why China’s COVID Protests Aren’t Like Anything Before Them U.S. criticizes China’s zero Covid strategy, says Beijing needs to boost vaccination among elderly China tightens security after rare protests against COVID curbs
(DBN)

China Clamps Down on Covid Protesters
(WSJ)

____________

India:

Standing of Government Creditors Under IBC
(DBN)

____________

MENA:

Iranian general acknowledges over 300 dead in unrest
(DBN)

____________

Singapore:

MinLaw proposes all bankruptcy cases be handled by private entities in new Bill
(DBN)

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