April 14, 2023

The Daily Bankruptcy News

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Law:

Bar Exam Scores Are Down For The Second Year Running
(DBN)

BigLaw firm confirms more layoffs in business services
(DBN)

Is This Déjà Vu All Over Again?
(DBN)

Coca-Cola Says It Was ‘Fired’ by Law Firm Assisting Opponent
(DBN)

Alex Murdaugh co-conspirator tries to use murderer's statements to reverse conviction
(DBN)

Quinn Emanuel’s Juicy Obamacare Fee Tests Litigation Insurers
(DBN)

Freshfields achieves 0% gender pay gap for non-partners
(DBN)

Cooley associate on leave after stalking ex-girlfriend
(DBN)

Firm call center worker banned after pretending to be lawyer
(DBN)

Lawyer on hot mic who used obscenities to describe decision faces possible discipline
(DBN)

This Chicago Lawyer Just Became The Most Relatable Esquire Of The Day
(DBN)

Judge Doesn’t Want Any More People Than Necessary To Have To Read Jes Staley’s Gross E-Mails To Jeffrey Epstein JPMorgan's Jeffrey Epstein messages revealed: Jokes about 16-year-old Miley Cyrus and 'Sugar Daddy' JPMorgan was urged to cut ties to Jeffrey Epstein, lawsuit claims
(DBN)

Debt Collectors Can Use AI To File Lawsuits To Harass People
(DBN)

‘Heading Downtown to Meet With a Racist’: Trump Fires Off Early-Morning Panic Post Ahead of Deposition With NY AG Letitia James Trump testifies in New York fraud lawsuit
(DBN)

Capitol Police officer who sought to protect Jan. 6 rioter sentenced to home incarceration
(DBN)

LinkedIn Founder Is Secretly Funding E. Jean Carroll’s Lawsuit Against Trump Trump Protests Democratic Donor Backing Rape-Accuser’s Suit Trump Takes A Break From Screaming Online To Demand Delay Of Defamation Case Because Of All The Publicity E. Jean Carroll's defamation case against Trump survives after appeals court punts key question No delay for Trump in rape accuser's trial, more discovery allowed
(DBN)

GOP lawmakers seek to cut off funding to Bragg, other prosecutors In Bragg v. Jordan, a familiar legal strategy emerges
(DBN)

Trump’s $500M suit against Michael Cohen alleges ‘multiple breaches of fiduciary duty’ Is Donald Trump Admitting To Campaign Crimes In His Lawsuit Against Michael Cohen?
(DBN)

Navarro Loses in Court Again
(DBN)

Judge in Fox-Dominion Trial Roasts Maria Bartiromo: ‘She’s Clearly Neutral’
(DBN)

Arrest made in SF killing of Bob Lee — tech exec’s alleged killer also worked in tech San Francisco police arrest fellow tech exec for stabbing murder of Cash App founder Bob Lee San Francisco DA blasts Elon Musk over reaction to tech executive's stabbing death
(DBN)

Feds Nab Leaker FBI arrests 21-year-old Air National Guardsman suspected of leaking classified docs Marjorie Taylor Greene defends National Guardsman suspected of leaking classified docs Pentagon leak suspect Jack Teixeira was reading a book on a porch when the feds showed up to arrest him Suspected US intelligence leaker arrested in Massachusetts Why a 21-year-old has been arrested in document leak probe What is Discord, the chatting app tied to classified leaks? Person behind leaked Pentagon documents worked on military base Big U.S. intelligence leak was by gun enthusiast in 20s Biden suggests US government is close to identifying intel leaker Leader of Online Group Where Secret Documents Leaked Is Air National Guardsman Reznikov: Intelligence leak contains 'mix' of true, false information Guardsman's arrest sparks question: What hasn't US learned since Chelsea Manning and Ed Snowden? Suspect in leak probe talked about God, guns and war secrets Biden says nothing of 'great consequence' in Pentagon leaks
(DBN)

Landmark Trial Against Fox News Could Affect the Future of Libel Law In Fox-Dominion Trial, All Eyes Are on the Judge, Too Giuliani Admitted to Fox News No Fraud in Voting Machines
(DBN)

Abortion Is Headed Back To The Supreme Court. Again. All eyes on SCOTUS for abortion pill ruling DOJ will take emergency dispute over medication abortion rules to the Supreme Court Why the 5th Circuit is allowing abortion pill sales but pausing expanded access to the drug 7 questions on the latest abortion pill ruling Florida’s GOP-controlled Legislature approves bill banning abortion after 6 weeks of pregnancy Chaos in Florida House over six-week abortion DeSantis signs Florida's 6-week abortion ban into law Abortion Is Terrifying Republicans Latest ruling on pill shifts US abortion landscape again
(DBN)

Supreme Court considers how far employers should go for religious accommodation
(DBN)

Organized retail crime growing in size and complexity, new NRF report says
(DBN)

Greg Abbott's Jury Nullification
(DBN)

Police: After shootings, man threatened California Capitol
(DBN)

2 Indianapolis Police Officers Face Manslaughter Charges in Death of Black Man
(DBN)

Minneapolis to pay $8.9M over Chauvin’s actions before Floyd
(DBN)

Mentally Ill, Left Naked Until Dead in Jail Cell
(DBN)

Torrance police officers indicted in 2018 killing of Christopher Deandre Mitchell
(DBN)

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Judges:

Skadden Adds Former SDNY Bankruptcy Court Judge Robert D. Drain as Of Counsel in New York Judge who oversaw Purdue, Sears bankruptcies to join law firm Skadden
(DBN)

Thomas Didn't Disclose Real Estate Deal With Billionaire Clarence Thomas Secretly Sold His Mom’s Home to GOP Megadonor Harlan Crow Thomas, Relatives Sold Family Properties to Wealthy GOP Donor Sold $133,363 house -- but his mother continued to live there Clarence Thomas failed to disclose 2014 real estate deal with GOP megadonor
(DBN)

Parkland shooter trial judge's hug of prosecutors comes back to haunt her in death penalty case
(DBN)

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Wall Street:

Dow futures gain after better-than-expected earnings from JPMorgan, UnitedHealth
(DBN)

Dour Earnings Loom Over Wall St. as a Slowing Economy Bites
(DBN)

Brace for big cuts to corporate earnings as companies adjust to a tougher credit environment, Bank of America says
(DBN)

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Layoffs:

Work From the Office, Get Laid Off at Home
(DBN)

Companies can't do layoffs right because they're trying to act like 'cool parents'
(DBN)

Elon Musk: I've Fired 80% of Twitter's Staff
(DBN)

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Student Debt:

U.S. Supreme Court won't halt $6 billion student debt settlement
(DBN)

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Hotels:

Hotels: Occupancy Rate Down 7.4% Year-over-year
(DBN)

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Kitchenware:

The Probability of Tupperware’s Collapse Is Looming Large Tupperware Working With Turnaround Advisers Ahead of Possible Bankruptcy - WSJ
(DBN)

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SPACs:

Ex-SPACs Face Hellish Battle to Avoid the Abyss
(DBN)

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Fishing:

Louisiana shrimpers say cheaper imports may bankrupt them this year
(DBN)

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Economy:

Weekly Initial Unemployment Claims increase to 239,000
(DBN)

The Fed could turn a mild downturn into an ugly recession if it doesn't stop raising rates soon, market veteran Ed Yardeni says
(DBN)

McCarthy Prepares Plan for the Debt Limit
(DBN)

After the easy money: a giant stress test for the financial system
(DBN)

The American consumer has bad news for the economy
(DBN)

Get a remote job while you still can: More and more companies are calling workers back to the office — or outsourcing to cheaper workers overseas Return to the office or see a pay cut: More and more companies are forcing remote workers to choose JPMorgan requires managing directors return to office 5 days a week and 'be visible on the floor' or else face 'corrective action' JPMorgan just killed Wall Street's WFH dreams
(DBN)

I'm a millennial who's quitting my job because I'm overworked and underpaid — and feel underqualified to grow my career
(DBN)

Toughest Financial Burdens: Adult Kids
(DBN)

'ChatGPT does 80% of my job': Meet the workers using AI bots to take on multiple full-time jobs - and their employers have no idea
(DBN)

What's behind the US baby bust? Americans are prioritizing careers and leisure activities over having a family
(DBN)

Russia's economy is worse than Moscow claims because military spending covers up how much the private sector is shrinking Russia's economy in 4 charts: How war, sanctions, and shifting oil flows have reshaped a world power
(DBN)

Marriages are becoming more "egalitarian." Just not with housework
(DBN)

U.S. Demographics: Largest 5-year cohorts, and Ten most Common Ages in 2022
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

America's Most Popular Neighborhoods
(DBN)

Realtor.com Reports Weekly Active Inventory Up 44% YoY; New Listings Down 32% YoY
(DBN)

Current State of the Housing Market; Overview for mid-April
(DBN)

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Municipalities:

Of Standing and Stonewalling: Chester, Pennsylvania Bankruptcy Sheds New Light on Chapter 9 Eligibility Requirements
(DBN)

Apple’s hometown risks losing tens of millions in tax revenue after an audit
(DBN)

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Oil/Gas:

Oil markets could see a supply shock of 2 million barrels a day this year as OPEC and Russia slash production
(DBN)

From black to green: How an oil-and-gas company pivoted to embrace wind energy — and is now raking in billions
(DBN)

Biden wants to coax Americans into electric cars. These 3 groups have other ideas.
(DBN)

Surging oil prices amid war in Ukraine helped push Exxon CEO's pay up more than 50% in 2022
(DBN)

Surprise oil output cuts from OPEC+ could hurt consumers, IEA warns
(DBN)

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Politics:

Trump, other 2024 hopefuls seek NRA's blessing amid spate of shootings
(DBN)

Misinformation Defense Worked in 2020, Up to a Point, Study Finds
(DBN)

Hunter Biden is out from the shadows
(DBN)

Warren's rocky return to the campaign trail
(DBN)

The uproar over Dianne Feinstein, explained
(DBN)

DeSantis supporters worry he's launching too late!
(DBN)

How pro-Trump bots are sowing division in the Republican Party: Report
(DBN)

Bob Iger says that if Ron DeSantis wants to end his feud with Disney, they could just sit down and 'discuss all of this'
(DBN)

Ron DeSantis is Not Done Yet
(DBN)

Kari Lake: Professional Victim
(DBN)

Republican presidential hopefuls are already struggling with abortion
(DBN)

Inside the GOP's 100-day "weaponization" war
(DBN)

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Climate:

Fort Lauderdale floods after a 1-in-1000 year rainfall event Fort Lauderdale Floods Under 24 Inches of Rain
(DBN)

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Banking:

SVB Failed From Mismanagement, Not Loose Regulations - FDIC Official
(DBN)

Humbling and Hopeful Reflections on Silicon Valley Bank
(DBN)

How Silicon Valley Bank’s Failure Could Have Spread Far and Wide
(DBN)

Wells Fargo shares rise after bank’s first quarter profit and revenue top the Street
(DBN)

JPMorgan Chase posts record revenue that tops expectations on higher rates
(DBN)

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Food/Beverage:

Burger King franchise with 118 restaurants files for bankruptcy
(DBN)

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Movie Theaters:

National CineMedia Soared 115% With 362 Million Shares Traded: Insight Into The Ch.11 Bankruptcy Filing
(DBN)

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Labor:

Workers for slaughterhouse cleaning firm that hired children repeatedly used stolen identities to get jobs
(DBN)

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Education:

Idaho Has the Worst Public Schools in America
(DBN)

Texas Wants to Fire Professors Over CRT
(DBN)

Ron DeSantis Created a Massive Teacher Shortage
(DBN)

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Consumer Finance:

Florida May Move Consumer Interest Rates to 36%
(DBN)

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New Bankruptcy Opinions
(7 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 (4 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)

Mass Torts:

LTL, Part Deux (now with Even More Fraudulent Transfers!)
(DBN)

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Executory Contracts:

Bankruptcy Court Rules Limited Partnership Agreement Is Not an Executory Contract
(DBN)

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Appeals:

Lexmark’s Shadow: The Future of the “Person Aggrieved” Test for Bankruptcy Appellate Standing
(DBN)

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Aviation:

Virgin Orbit bankruptcy: why the UK’s spaceport industry may still have a bright future
(DBN)

FAA says it has sent over 250 cases of unruly passengers to FBI since late 2021
(DBN)

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Crypto:

Billionaire crypto bull Mike Novogratz says the US is headed for a credit crisis and a dramatic economic slowdown that will make bitcoin's investment case stronger
(DBN)

US court issues summons to Tron's Justin Sun, threatens default judgment if no response
(DBN)

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Healthcare:

Republicans want to force doctors to mislead patients about reversing abortions
(DBN)

Nursing Schools Sold Fake Diplomats in Florida
(DBN)

Biden admin proposes expanding health coverage to DACA
(DBN)

Credit scores shed some medical debt; critics say it’s only partial help
(DBN)

Americans face $200 billion in medical debt. Will lawmakers step in?
(DBN)

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Money:

The world's largest banknote printer says printing money isn't that profitable anymore
(DBN)

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Water:

Colorado River states brace for the biggest water cuts ever
(DBN)

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Religion:

Arizona Supreme Court Finds the Mormon Church Can Conceal Crimes Against Children Because of Clergy Privilege
(DBN)

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Tech:

Third of Researchers Think AI Could Cause Nuclear-Level Catastrophe
(DBN)

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Retailing:

Omega Sports announces plans to close all of its stores
(DBN)

Amazon CEO Andy Jassy's total pay dropped from over $200 million in 2021 to $1.3 million in 2022 as he received no stock awards
(DBN)

Amazon Paid Her $60 Million to Do Nothing
(DBN)

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Autos:

Lucid Sales Struggles Continue
(DBN)

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Sports:

Bally Sports Bankruptcy: MLB Tells Judge, Unlike Diamond's RSNs, We're 'Not Going Anywhere'
(DBN)

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Utilities:

A shocking legal case against the PUC could jolt the entire Texas electricity industry
(DBN)

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Sovereigns:

A lending spree built China’s Belt and Road. Now those loans may be its problem
(DBN)

No China, no deal: Bid to break sovereign debt logjams gets weary thumbs up
(DBN)

On the brink of bankruptcy, Tunisia is sliding into populist autocracy
(DBN)

____________

UK:

Ince collapses and files for administration
(DBN)

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EU:

Banking crisis forces ECB policymakers to rethink rate hikes
(DBN)

Fears mount that European commercial real estate could be the next to blow
(DBN)

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Russia:

Leaked Pentagon documents suggest Russian government infighting Russia says China agreed to secretly provide weapons, leaked documents show New Leaked Documents Show Broad Infighting Among Russian Officials
(DBN)

Poland PM questions commitment of France and Germany on Ukraine
(DBN)

Russian UN Delegation Denied US Visas
(DBN)

Russia to Overhaul Military Draft System
(DBN)

____________

France:

France awaits constitutional ruling on higher retirement age
(DBN)

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Netherlands:

Sandwich Fashion folds into bankruptcy
(DBN)

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India:

Need to encourage innovation in IBC and desist from over-regulation: IBBI chief
(DBN)

Government plans to introduce bills to amend companies, insolvency laws in Parliament's monsoon session
(DBN)

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