April 20, 2023

The Daily Bankruptcy News

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Law:

Top 10 Biglaw Firm Is Conducting 'Merits-Based' Reviews That Have Resulted In Job Cuts
(DBN)

Associate Attrition In Biglaw Was Quite High In 2022
(DBN)

What's Wrong With The U.S. News Law School Rankings?
(DBN)

Biglaw Partner Tries To Be Too Cute During Deposition, Gets Benchslapped For Antics
(DBN)

Stanford Law’s Black Law Students Association pulls out of recruiting activities after Federalist Society event
(DBN)

The Most Contemptible Thing About Being Held In Contempt? It Eats Up All Of Your PS5 Money
(DBN)

Lawyers Do Not Know Everything About Every Legal Subject
(DBN)

Ron DeSantis Sticks It To Woke Disney With Hilariously Unconstitutional Law Banning Contracts
(DBN)

Lawyer repping fake Trump electors presents "ethical mess," DA says Fulton DA Moves To Disqualify Attorney For Fake Electors, Offering Glimpse Into Investigation
(DBN)

Proud Boys leader testifies that Trump can be 'pretty ridiculous' Mom, son who took zip ties into Senate convicted in 1/6 riot 'Zip Tie Guy' and mom convicted of Jan. 6 felonies, misdemeanors Capitol rioter who was armed with a gun on Jan. 6 is found guilty on all charges Jan. 6 rioter who wielded police shield invokes Ray Epps conspiracy theory at Proud Boys trial Rioter who organized 'fighters' on Jan. 6 pleads guilty, agrees to cooperate with DOJ Philly Proud Boy says he doesn't 'recall' if he used pepper spray on officers on Jan. 6
(DBN)

Suit seeks to force Archives to get DOJ help in finding missing Secret Service texts
(DBN)

Fox Settlement Deal Is Big Win for Dominion’s Trial Lawyers Lawyers win big in $787.5 million Fox defamation case Bill O’Reilly criticizes Fox News following settlement: ‘The nightmare will continue’ Defamation suit settlement will hold Fox accountable, Dominion negotiator says Fox News Settled But Dominion Still Has a Lot of 2020 Lawsuits After $787.5m settlement, will Fox change its ways? Fox News makes 'remarkable' statement just one day after massive Dominion settlement: reporter Dominion Lawyer Explains Why Company Settled With Fox News Here are the winners and losers of Fox News's $787.5 million settlement with Dominion Fox News' settlement with Dominion doesn't mean the risk of embarrassment is over, with Smartmatic saying it 'remains committed' to its own defamation case against the network Fox likely to see limited business fallout from a settlement that could remake Dominion After $787.5m Dominion settlement, what's next for Fox? Special master investigation into Fox News scrapped after Dominion settlement Fox News Producer’s Secret Recordings Helped Spur Dominion Deal Jimmy Kimmel Chides Fox News for Not Covering Its Lawsuit Settlement Fox has more headaches coming after agreeing to pay $787.5 million to settle Dominion's defamation lawsuit Forget the spin: Fox's $787.5M defamation deal is record-setting, massive and painful, experts say
(DBN)

Fox settlement part of flurry of lawsuits over election lies
(DBN)

Ex-Trump Organization CFO Weisselberg released from jail
(DBN)

Fourth Trump lawyer Boris Epshteyn set to be questioned by prosecutors investigating ex president: report
(DBN)

Judge sides with House GOP in court fight with Manhattan DA Bragg over Trump probe 'No one is above the law': Manhattan DA loses bid to block ex-deputy's deposition by House GOP Ex-prosecutor must appear before House GOP over Trump probe, judge rules
(DBN)

Attorney leaves door open to Trump’s testifying in civil rape trial Trump Says He May Skip Rape Case to Spare New Yorkers Traffic Hassles Trump Seeks to Raise Rape Accuser’s Sexual History at Trial
(DBN)

Republicans grill Biden’s refugee resettlement chief on migrant child labor House Republicans bash Mayorkas over southern border
(DBN)

IRS agent wants whistleblower protections to discuss Hunter Biden tax probe
(DBN)

The Iowa Senate just rolled back child labor laws—10 other states want to do the same Iowa Senate Republicans vote to weaken child labor protections for dangerous jobs Controversial bill to loosen Iowa child labor laws advances
(DBN)

Switzerland has a stunningly high rate of gun ownership — here's why it doesn't have mass shootings
(DBN)

Texas woman charged with murder, accused of punching pregnant hospital worker in stomach, causing loss of pregnancy
(DBN)

Maine mass shooting suspect was recently released from prison
(DBN)

Evil school shooter wrote 'LOL' in victims' blood on whiteboard after murdering 19 kids
(DBN)

Neighbor: Man in wrong-turn shooting disliked trespassers Suspect in wrong driveway shooting described as 'hot-tempered' during court hearing Boyfriend of woman fatally shot in wrong driveway: ‘We thought we were at the right address’ Father of woman killed in wrong driveway hopes alleged gunman 'dies in jail'
(DBN)

Can a doorbell ring justify a 'stand your ground' shooting? 84-year-old homeowner who shot Black teen Ralph Yarl pleads not guilty Ralph Yarl’s Classmates Demand Justice at Unity Walk A White man was ‘scared to death’ of Ralph Yarl. For Black boys, this isn’t new America is rocked by shootings of Ralph Yarl, Kaylin Gillis and Texas cheerleaders Will 'stand your ground' defend Ralph Yarl's shooter? Not exactly, experts say
(DBN)

Texas cheerleaders shot after one says she got in wrong car Texas shooter didn't say anything and fired immediately, father of injured cheerleader says Man arrested in shooting of Texas cheerleaders after one mistakenly got into the wrong car
(DBN)

Common mistakes, uncommon reactions in 3 separate shootings Hundreds of Miles Apart, Separate Shootings Follow Wrong Turns Wrong doorbell. Wrong driveway. Wrong car. What’s going on?
(DBN)

Newly released felon accused of killing 4, including his parents, and wounding 3 on highway: Police
(DBN)

Driver who struck four students, killing one, did so ‘intentionally,’ witnesses say
(DBN)

Republican legislators in Tennessee move to shield gun firms after school shooting
(DBN)

Washington set to become 10th state to ban assault weapons sales
(DBN)

Air Force halts intelligence mission of classified leak suspect's unit
(DBN)

Oklahoma official who was caught on audio making racist remarks resigns Okla. sheriff and staffers recorded discussing lynching Black people are suspended from sheriff's association
(DBN)

California police department at center of racist texts investigation to be audited
(DBN)

NYC woman sentenced to 21 years for trying to kill her lookalike with a poisoned cheesecake 'F--- you!': Dominatrix who tried to kill with poisoned cheesecake yells at judge after sentencing
(DBN)

Judge orders arrest of Ammon Bundy for ignoring hospital harassment lawsuit
(DBN)

Man Sentenced to 10 Months for Leaving Nooses and Racist Notes
(DBN)

FBI Struggles to Find Secret Foreign Police Stations in U.S.
(DBN)

Barry Morphew wants the prosecutors who accused him of murdering his wife disbarred for withholding DNA evidence and other alleged ethical violations
(DBN)

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Judges:

1st Cir. BAP: Bankruptcy Judge Diane Finkle Appointed Chief Judge of Bankruptcy Appellate Panel
(DBN)

Senate Dems weighing a Clarence Thomas invite to future Supreme Court ethics hearing AOC says there's an easy solution if Clarence Thomas wants a life of luxury: 'Resign from the court' Fox News analyst — and friend of Clarence Thomas — calls for investigation into controversy-plagued Supreme Court justice Concerns about Justice Clarence Thomas' disclosures are sent to judicial panel Judge Ho Blows Off Clarence Thomas Taking $500K In Vacations Because Some Other Judges Own Stocks So... You Know... Something Something. So, Is Clarence Thomas at Real Risk Here? Absolutely Judicial record undermines Clarence Thomas defence in luxury gifts scandal
(DBN)

SCOTUS needs a moral compass
(DBN)

Progressives Organize Fresh Nationwide Push for Changes at the Supreme Court
(DBN)

Supreme Court poised to rule on abortion pill restrictions An Abortion Drug Tests the Supreme Court Supreme Court delays ruling on abortion pill mifepristone restrictions until at least Friday Alito keeps abortion drug access in place to give SCOTUS more time to act on emergency request
(DBN)

Supreme Court weighs 'true threats' in online stalking case SCOTUS considers what makes a threat in singer Coles Whalen stalker's appeal
(DBN)

Michigan justice encourages struggling lawyers to get help as he announces mental health treatment
(DBN)

Court watch movement is growing in numbers and public attention
(DBN)

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Wall Street:

Stock futures fall as investors parse corporate earnings
(DBN)

US stocks end mixed after new batch of earnings reports
(DBN)

Don't be fooled by the strong earnings season as a credit squeeze is set to hit companies' profits, Wharton professor Jeremy Siegel says
(DBN)

Wall Street Banks Sailed Through a Quarter of Collapsed Lenders
(DBN)

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Layoffs:

Meta has started its latest round of layoffs, focusing on technical employees Meta's latest round of layoffs will hurt productivity and damage employee morale
(DBN)

Instagram Will Cut or Relocate Its London Staff
(DBN)

ESPN layoffs
(DBN)

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Economy:

Fed's Beige Book: "The labor market becoming less tight ... increases to the labor supply"
(DBN)

House Republicans to Propose $1.5 Trillion Debt Limit Increase The Fed on "Possible Macroeconomic Effects of a Temporary Federal Debt Default" McCarthy releases Republican bill to lift debt ceiling. It’s not clear it has the votes Biden fires at 'MAGA' GOP economic vision amid debt ceiling stalemate House group releases bipartisan plan to lift the debt ceiling and avert default GOP holdouts coalesce around McCarthy's debt ceiling bill McCarthy unveils debt ceiling bill that aims to cut big parts of Biden’s agenda Biden tells McCarthy to ‘take default off the table’ in debt ceiling fight House GOP debt limit plan would block Biden’s student loan agenda, prohibit future relief White House Says GOP Holding Economy ‘Hostage’ Over Debt Dispute Biden Rejects McCarthy's Debt Limit Plan Biden delivers a clear response on looming debt ceiling battle
(DBN)

Corporate Bonds Are Being Cut to Junk at Fastest Pace Since 2020
(DBN)

Fed’s Williams Says Banking Stress Likely to Tighten Credit
(DBN)

Majority of Gen Z workers would quit their jobs over company values: LinkedIn
(DBN)

Utah Tycoon Blasts His Staff in Unhinged Speech on New Return-to-Office Policy
(DBN)

Storm clouds gather over highly indebted companies, Moody's says
(DBN)

China wants the dollar’s dominance to fade – and the US should defend its reserve currency status, Biden nominee says
(DBN)

Bipartisan House group unveils plan to avoid U.S. default Biden Can Steamroll Republicans on the Debt Ceiling
(DBN)

Workers in the US now want at least $76,000 to start a new job as minimum wage expectations continue to rise in a red-hot job market
(DBN)

The banking fiasco sent shockwaves through markets - and now threatens to curb growth and lending, Goldman CEO David Solomon says
(DBN)

How graduates can get jobs even as employers cut back on college hires
(DBN)

Why U.S. vacation policies are so much worse than Europe’s
(DBN)

China and India 'launder' Russian oil and resell it to Western nations that sanctioned Moscow, study says Russian Oil Is Welcome in India as Trade Booms, New Refiner Says Cashing Out of Russia Will Come With New Tax on Foreign Business
(DBN)

LA Port Inbound Traffic Down Sharply YoY in March
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

US Supreme Court allows Mall of America to fight cheap Sears lease assigned during bankruptcy Mall of America can continue to fight Sears' new owners – who are hoping to keep the retailer's shocking $10-a-year lease
(DBN)

Recent SDNY Bankruptcy Court Opinion Lowers Cap on Commercial Real Estate Lease Rejection Damages
(DBN)

More Americans Are Losing Their Homes as Foreclosures on US Properties Rise US foreclosure filings jump 22%, and repossessions hit highest level in 3 years
(DBN)

US 30-Year Mortgage Rate Climbs by Most in Two Months to 6.43%
(DBN)

MBA: Mortgage Applications Decreased in Weekly Survey
(DBN)

AIA: Architecture Billings "Slightly Improved" in March
(DBN)

A brutal reckoning for real estate agents
(DBN)

Home prices see largest decline since 2012 as banking crisis hits demand: 'There's this fear that everything will crash'
(DBN)

Banking turmoil isn't over as regional lenders face risk of commercial-property credit losses, JPMorgan strategist says
(DBN)

Rethinking single-family living: Roommates pay bills, create community
(DBN)

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Oil/Gas:

Panic buying causes widespread gas station closures in South Florida
(DBN)

Jaguar Land Rover to Spend £15 Billion on EVs and Autonomous Tech
(DBN)

South Korea to Invest $15 Billion in New EV Battery Technology
(DBN)

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Municipalities:

Highland Park files for bankruptcy in attempt to resolve $24 million bill from the Great Lakes Water Authority
(DBN)

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Education:

The cost of college room and board is rising even faster than tuition. It's driving students into even more debt.
(DBN)

Private school principal formerly nominated Teacher of the Year arrested for sexual misconduct
(DBN)

Florida education board extends ban on gender identity lessons to all grades
(DBN)

Republican-led US House to vote on ban on transgender student athletes
(DBN)

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Water:

Let’s talk about the biggest cause of the West’s water crisis
(DBN)

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Banking:

Credit Suisse AT1 Holders’ Wipeout Challenged in Swiss Court
(DBN)

The Biggest U.S. Banks Aren't Facing SVB-Like Liquidity Crisis After All
(DBN)

Fleeing Crypto Depositors Didn’t Bring Down Signature, NY Regulator Says
(DBN)

Barclays to Shut 21 ETNs a Year After ‘Staggering’ Note Blunder
(DBN)

As Fears of Banking Crisis Surged, Members of Congress Sold Bank Shares
(DBN)

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Retailing:

Bed Bath & Beyond Renews Bankruptcy Talks as Rescue Stalls Bed Bath & Beyond Preparing for Bankruptcy Filing Within Days - WSJ Bed Bath & Beyond surges as meme traders pour in amid reports the ailing retailer is prepping for bankruptcy Bed Bath & Beyond stock down more than 20% premarket after meme-like rally
(DBN)

David's Bridal and Bed Bath & Beyond lose grip on wedding industry
(DBN)

____________

Autos:

Tesla net income and earnings drop more than 20% from last year
(DBN)

Tesla is the Most Recalled Brand of Car
(DBN)

Carvana Preps $479 Million Bond Backed by Subprime Auto Loans
(DBN)

____________

Crypto:

Taylor Swift didn't sign $100 million FTX sponsorship because she was the only one to ask about unregistered securities, lawyer says
(DBN)

Valuations and M&A Show Things Aren’t So Bad for Crypto
(DBN)

FTX US’s Former Head Kicks Off Trading Hub for Futures and Crypto
(DBN)

CEO of Collapsed Crypto Exchange Arrested in Turkey on Return
(DBN)

Bankrupt Crypto Lender Voyager Seals Fed Deal for $1 Billion Binance US Acquisition U.S. Government Allows the Bulk of Voyager-Binance.US Deal to Proceed
(DBN)

BlockFi secures extension to submit bankruptcy strategy plan
(DBN)

Crypto firms scramble for banking partners as willing lenders dwindle
(DBN)

____________

Food/Beverage:

Deliveroo Orders Fall 9% After Customers Cut Back on Takeout
(DBN)

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Celebs:

Influencer Christie Swadling carries a vape and a $2,800 Louis Vuitton handbag to court for a financial examination after filing for bankruptcy
(DBN)

Katie Price Treats Herself to Flashy New £50,000 Car Following Bankruptcy Troubles
(DBN)

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Healthcare:

Medical debt of 22,300 Trinity Health of New England patients to be erased
(DBN)

____________

D&O:

Viewpoint: D&O Market Conundrum — Softening Rates With Rising Claims Severity
(DBN)

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New Bankruptcy Opinions
(11 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (19 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (25 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)

Executory Contracts:

Maybe You are Entitled to a Cure Payment, or Maybe Not?
(DBN)

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Mass Torts:

US Boy Scouts exits Chapter 11 bankruptcy after abuse settlement Boy Scouts of America will begin to compensate sexual abuse victims from a $2.4 billion trust after emerging from bankruptcy Boy Scouts bankruptcy plan in effect; appeals likely go on
(DBN)

US veterans suing 3M over earplugs seek to stop unit's 'false alarm' bankruptcy
(DBN)

____________

Venue:

Chapter 11 ‘Corruption’ Critic Exits as Forum Shoppers Shift
(DBN)

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Aviation:

Branson's Virgin Orbit files Chapter 11 bankruptcy plan
(DBN)

Airlines Will Hike Ticket Prices to Pay for Costly Sustainable Fuel
(DBN)

Man on Orlando flight throws a fit over crying baby: ‘F--- that!’
(DBN)

Brace yourself for a summer of air travel hell
(DBN)

Southwest Network Failure Raises Concerns Over System's Strength
(DBN)

Meet the Guy Who Scored $250,000 of Tickets for $17,000 After Airline Error
(DBN)

____________

Tech:

Elon Musk says people should be cautious with AI because the tech is 'a danger to the public' Bannon says anyone who trusts Elon Musk is ‘a fool’ after Carlson interview
(DBN)

Twitter quietly changes hateful conduct policy to remove protections for transgender users
(DBN)

Apple bets big on India, but will still rely on China for ‘years’ to come
(DBN)

____________

Politics:

House Hearing Spirals After MTG Accuses Swalwell of 'Sexual Relationship With Chinese Spy' Marjorie Taylor Greene silenced by GOP-led committee after calling Mayorkas a ‘liar’
(DBN)

Representative Andy Smith files for bankruptcy
(DBN)

The Republicans who endorsed a Trump challenger in 2024
(DBN)

Trump's list of endorsements shows Republicans returning
(DBN)

Abortion politics roils Senate GOP
(DBN)

DeSantis megadonors revolt in private chat, saying if they wanted a MAGA candidate they 'would donate to Donald Trump', report says Rich GOP Donors Want a Trump Alternative. DeSantis Has Them Worried Trump, other GOP rivals mock DeSantis for getting 'absolutely destroyed' in Disney feud DeSantis appointees begin reshaping Disney World’s district ‘Don’t Say Gay’ expansion requested by DeSantis approved DeSantis is in a rut. His trek to D.C. didn’t help. DeSantis-appointed Disney board outlines aggressive changes DeSantis-picked board seeks new taxes and affordable housing at Disney after the company's 'blatant and hostile' grab for control DeSantis, allies ramp up Disney fight as more Republicans criticize his tactics
(DBN)

Trump reasserts dominance over GOP with post-indictment offensive
(DBN)

GOP drops $1M on Manchin as Justice preps run
(DBN)

Biden Summons Big Donors to DC as 2024 Campaign Nears
(DBN)

Biden will meet with the 'Tennessee Three' at the White House
(DBN)

Biden and the first lady earned nearly $580,000 in 2022, tax filing shows
(DBN)

'It was the Republicans': Kari Lake says her own party 'stole this election'
(DBN)

House GOP gains momentum on border package G.O.P. Immigration Agenda Faces Stiff Odds in Divided House
(DBN)

'Gobbledygook': Senators frustrated by classified briefing on Pentagon leak
(DBN)

Congress gets second tranche of Biden, Trump, Pence classified docs
(DBN)

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Climate:

The air we breathe was getting better. Then climate change hit.
(DBN)

Facing brutal climate math, US bets billions on direct air capture
(DBN)

World could face record temperatures in 2023 as El Nino returns
(DBN)

Why Solving Climate Change Is Not an Issue Where We ‘Succeed or Fail’
(DBN)

Farmers Won’t Save the Climate at Their Own Expense
(DBN)

Electric Vehicle Boom May Force China to Burn More Dirty Coal
(DBN)

Heat and Drought Forces Europe to Accelerate Climate Adaptation
(DBN)

Deadly Heat Bakes Millions From China to India, Raising Blackout Risks
(DBN)

____________

UK:

UK Inflation Sticks Above 10%, Lifting Prospect of Rate Hike Surging UK Prices Defy Efforts by Sunak, BOE to Tame Inflation
(DBN)

London Rents Soar at Fastest Pace in More Than a Decade
(DBN)

Shift to Cheaper Homes Holds Answer to Diverging UK House Prices
(DBN)

Credit Suisse Files Long-Awaited UK $440 Million Softbank Suit
(DBN)

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EU:

ECB May Have to Raise Rates Through July, Knot Says
(DBN)

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Canada:

Environmental Obligations Prioritised in Insolvency Proceedings
(DBN)

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Russia:

Russia is 'going backwards' and will increasingly have to rely on Cold War-era weapons, experts and Western officials say
(DBN)

A Ukrainian drone commander said Russian troops would sit around and get shot at the start of the war, but have learned from their mistakes
(DBN)

Hand over $1B of Russian ‘blood money,’ Ukraine tells Shell
(DBN)

‘A dream’: Patriot systems arrive in Ukraine
(DBN)

US looking forward to Sweden becoming NATO member before July summit: Austin
(DBN)

Russia Turns to Treason Laws as Putin Extends Crackdown - WSJ
(DBN)

Medvedev Threatens to Arm North Korea with Latest Russian Weapons
(DBN)

US Will Provide $325 Million More in Weapons
(DBN)

____________

China:

China will become the global economy's biggest growth driver in the next 5 years, doubling the US contribution, IMF says
(DBN)


Wall Street turns even more bullish on China's economy as the end of zero COVID boosts growth
(DBN)

The day supply chains stood still: What war with China could bring
(DBN)

Leaked US assessment says China readying supersonic spy drone unit
(DBN)

____________

MENA:

U.S. taxpayers may be funding the Taliban and Afghan terror groups, watchdog says
(DBN)

____________

Singapore:

So long Singapore: expats flee city as rents go through the roof
(DBN)

____________

Sudan:

Governments Race to Pull Citizens Out of Imploding Sudan
(DBN)

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