April 27, 2023

The Daily Bankruptcy News

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Law:

The Biglaw Attorney Billing The Most Hours In 2022
(DBN)

Biglaw Firms Are Doing Their Associates Dirty By Conducting Stealth Layoffs
(DBN)

Big Law Mistakenly Shrinks Partner Ranks to Look More Profitable
(DBN)

Some BigLaw firms decline to pay for Twitter check marks, while SCOTUSblog takes a stand Pay for a blue tick? No thanks say top tweeting law firms
(DBN)

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

Criminal defense lawyer convicted for conspiracy to launder drug cash loses federal appeal
(DBN)

Attorney Admits To Plot To Launder Russian Oligarch's Money
(DBN)

Copyright case against Ed Sheeran based on ‘an extremely common chord progression,’ law prof says
(DBN)

No More Reality TV? Kim Kardashian Says She's 'Just Going To Be An Attorney'
(DBN)

An Interview With Jazmen Jafar, A Lawyer Turned OnlyFans Model
(DBN)

Former Prosecutor Jailed For Stalking By Subpoena
(DBN)

Lawyer-turned-playwright celebrates Broadway debut with powerful legal drama
(DBN)

Civility is on the decline, ABA civics poll finds
(DBN)

Disney Sues DeSantis Over Control of Its Florida Resort Disney has a ‘strong case’ against DeSantis over his ‘retaliatory campaign,’ First Amendment experts say DeSantis says Disney lawsuit has no merit, is political Disney Litigators Take Their Turn Beating The Hell Out Of Ron DeSantis With New Federal Lawsuit Disney claims Desantis weaponized government power Disney Sues Florida Gov. Ron DeSantis Over Disney World “Retaliation” & Free Speech Disney’s Bob Iger is going nuclear on Ron DeSantis
(DBN)

E. Jean Carroll called to testify in civil trial against Trump ‘I’m here because Trump raped me’: E. Jean Carroll begins trial testimony 'Donald Trump raped me': E. Jean Carroll tells jury she's testifying to 'get my life back' E. Jean Carroll chokes up when describing alleged rape by Trump: ‘I can still feel’ pain Judge Calls Trump’s Posts on Rape Case ‘Entirely Inappropriate’ Trump Wows Court With Sh*tposts About Carroll Case During Trial Judge says Trump's Truth Social post blasting E. Jean Carroll during rape trial may be 'tampering' with jury Trump rape accuser E. Jean Carroll testifies that she didn't report alleged rape to her boss Roger Ailes because she thought he would've fired her Trump lawyers set to attack writer's rape claim at civil trial
(DBN)

Ivanka Trump splits from Don Jr. and Eric as $250 million fraud trial looms
(DBN)

Trump loses appeal to block Pence from testifying
(DBN)

Manhattan DA urges judge to bar Trump from 'misuse' of 'grand jury and other sensitive materials' Trump might use trial docs to scorch witnesses, DA says
(DBN)

Michael Cohen seeks damages from Trump, U.S. over prison return
(DBN)

Proud Boys Jan. 6 trial in hands of jury weighing conspiracy Ex-Proud Boys head rails against DOJ in Twitter Spaces event as case heads to jury Proud Boys blame Trump as defendants prepare to find out fate in sedition trial Former Fox News producer’s lawyer says Jan. 6 special counsel interested in tapes
(DBN)

Audio shows Cruz outlining plan to Fox News to delay 2020 election certification Audio: Ted Cruz on How to Steal 2020 Election
(DBN)

Prosecutors call Pentagon leak suspect an ongoing national security risk
(DBN)

JPMorgan Execs Sure Cleared A Lot Of Calendar Time For A Former Client They Say They Fired In Disgust
(DBN)

Senior Citi banker departs shortly after report of Epstein meetings
(DBN)

Active shooters in 2022 killed or injured more than 300 people, the most in 5 years, FBI says FBI reports dip in 2022 mass shootings as total casualties rise
(DBN)

Victim count in Texas after-prom party shooting rises to 11
(DBN)

New Mexico store owner sleeping inside business to prevent crime shoots, kills burglar tunneling through wall
(DBN)

Video allegedly shows former San Francisco official bear-spraying homeless in secret attacks
(DBN)

Member of 'White Lives Matter' tried to burn down a church to stop drag show, feds allege
(DBN)

Elderly man shot neighbor in head during argument over victim's use of leaf blower in his own yard
(DBN)

Judge doesn't believe woman who allegedly sicced her dogs on young children
(DBN)

People Are Invading Abortion Clinics and ‘Rescuing’ Women on TikTok
(DBN)

Ex-Harvard professor sentenced to 6 months house arrest for lying about China ties
(DBN)

The Students Using Self Check-Out to Rob Supermarkets
(DBN)

Judge tosses Devin Nunes' libel suit, ruling it 'objectively true' his family farm used undocumented migrants Bad moos for Devin Nunes' defamation lawsuit
(DBN)

Escaped jail inmate allegedly killed pastor who stopped to help him after a motorcycle wreck on the highway, stole his truck, and then died in a fire during a shootout with police
(DBN)

Uber Eats driver killed during his last delivery of the night in 'demonic' slaying, dismemberment
(DBN)

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Judges:

BK MD FL: Court Connection Newsletter
(DBN)

Opioid judge slams 'insulting' suggestion he's pressuring defendants to settle
(DBN)

Senators unveil bipartisan proposal to require Supreme Court to adopt code of conduct
(DBN)

Ex-US Appeals Judge Says Supreme Court Needs Stronger Ethics Code
(DBN)

Roberts Says Separation Of Powers Means He Can’t Testify, Senate Should Remind Him It Also Means 'Good Luck, Paying Your Bills Senator swipes at SCOTUS Chief Justice Roberts for refusing to discuss Clarence Thomas accusations
(DBN)

The Supreme Court Ethics Scandal That Just Won't End
(DBN)

Markey calls for Clarence Thomas to resign: ‘reputation is unsalvageable’
(DBN)

Who gets sued in civil courts? Civil judgments are not evenly distributed
(DBN)

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Wall Street:

Stock futures rise Thursday as traders cheer strong Meta and Caterpillar results
(DBN)

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Layoffs:

New Jersey WARN Act Amendments Expanding Coverage and Increasing Severance and Notice Requirements Now in Effect
(DBN)

Amazon starts layoffs in HR and cloud units: Read the memos announcing the cuts
(DBN)

Gap To Cut Hundreds Of Corporate Jobs In Latest Round Of Layoffs
(DBN)

Stellantis to offer buyouts amid electric vehicle transition Stellantis Has Begun Offering Buyouts to 33,500 US Employees
(DBN)

Who's getting laid off in America, by salary range
(DBN)

VEC lays off 157
(DBN)

Over 200 Durham workers to be laid off
(DBN)

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Banking:

First Republic’s dramatic slide continues, stock falls nearly 30% as bank looks for rescue deal First Republic Bank rout; unable to shake depositor anxiety The $30 billion reason for Wall Street to save First Republic ASAP First Republic Shows How Not to Bolster Confidence First Republic may not survive, even after two multibillion-dollar bailouts First Republic Bank turmoil pushes stock to plunge 95% this year as the lender seeks another lifeline from big US banks First Republic Faces Potential Curb on Borrowing From Fed
(DBN)

Fed, FDIC reviews of US bank failures to spotlight problems, fixes
(DBN)

SVB's former parent may need new funding after $2 billion cash seizure
(DBN)

SVB Financial Group stuck in bankruptcy stalemate
(DBN)

Deutsche Bank logs 11th straight quarterly profit, reveals job cuts
(DBN)

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Media:

Fox News has a secret file of damaging info on Tucker Carlson in case he starts trashing the network: report Tucker Carlson’s disparaging comments about Fox leaders led to his ouster: report Tucker Carlson releases first statement — during his old show's time slot — following abrupt ouster from Fox News Nobody Sold Out Harder Than Tucker Carlson For the Murdochs, Tucker Carlson became more trouble than he was worth Tucker Carlson’s Vulgar, Offensive Messages About Colleagues Helped Seal His Fate at Fox News - WSJ Howard Stern: Tucker Carlson Forgot He Was Just a ‘Worker Bee’ For Rupert Murdoch Tucker Carlson reportedly taken off air by Rupert Murdoch for ‘overtly religious remarks’ I Worked at CNN and Reported on Tucker Carlson. He Was Never Invincible Why some Republicans see Carlson’s departure as a good thing What’s in Tucker Carlson’s future? Plenty of options
(DBN)

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Economy:

Chances that US could default on its debt in early June grow amid weak tax collections Republicans Pass Debt-Ceiling Bill Aiming to Spark Talks With Biden House GOP inches closer to winning votes for debt ceiling package GOP leaders blink, make last-minute changes to debt bill McCarthy's debt ceiling lesson for House Republicans White House knocks last-minute changes to GOP debt bill: ‘Selling out hard-working Americans’ How McCarthy’s horse-trading stopped a GOP revolt in debt fight The human cost of McCarthy’s debt ceiling demands would be catastrophic GOP Debt Ceiling Bill Would Save $4.8 Trillion Over a Decade, but Cost 780,000 Jobs in First Year: Analyses
(DBN)

"Dramatic disparities" among the pandemic's hungriest households
(DBN)

The 401(k) generation enters a retirement minefield
(DBN)

Recession risk and inflation fears stoking investor confusion, strategist says
(DBN)

US bank turmoil seen crimping credit at double Fed’s estimate, tipping economy into recession
(DBN)

Russian oil price caps have crushed Moscow's war revenue to start the year - despite widespread violations Russian Oil Prices Surge, Put Sanctions to Test - WSJ Russia seizes assets at European state-owned energy firms in retaliation against 'unfriendly countries' Russia's seizure of two foreign firms' assets is a warning shot to the West Kremlin critics and Putin’s enemies face an ‘extremely dangerous’ situation in Russia now
(DBN)

US Chamber mostly funded by small pool of big donors: study
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

She got $0, the county got the rest for her condo sale. Supreme Court will decide if that’s fair Supreme Court weighs 'home equity theft' dispute Supreme Court seems to favor woman who got $0 in condo sale
(DBN)

The housing market downturn will send home prices 5% lower and help push the economy into a recession
(DBN)

Mortgage demand rebounds, even as interest rates hit the highest level in over a month
(DBN)

Freddie Mac: Mortgage Serious Delinquency Rate Decreased in March
(DBN)

Inflation Adjusted House Prices 4.6% Below Peak; Price-to-rent index is 8.4% below recent peak
(DBN)

America's Cheapest Housing Market
(DBN)

Home Prices in This Market Are Surging
(DBN)

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Municipalities:

PREPA bondholders argue for lien appeal
(DBN)

These are the 10 wealthiest cities in the world—3 of them are in the U.S.
(DBN)

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Oil/Gas:

Borrowing Base Redeterminations Survey
(DBN)

GM: We Will Double EV Production This Year
(DBN)

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Politics:

Inside Biden's strategy to repair Harris' image
(DBN)

Nikki Haley Predicts Joe Biden Will Die Within Five Years
(DBN)

Big money donors rally behind Biden as he launches his reelection bid
(DBN)

Man vs. Mouse: Ron DeSantis Finds Taking On Disney Is a Dicey Business Disney sues DeSantis: Lawsuit claims political effort hurt business for Florida resort Disney's LGBTQ history is complicated DeSantis' Minions Start Reshaping Disney World
(DBN)

N.J. mayor announces she's leaving office after receiving hateful letter, months after murder of councilwoman
(DBN)

GOP Megadonor Peter Thiel Won’t Fund Candidates in 2024 Because He’s Sick of the Culture War: Report
(DBN)

Michigan GOP faces existential crisis: ‘The state party is dead’
(DBN)

Trump questions why he should participate in GOP primary debates Trump suggested he won't attend a GOP presidential debate because the venue's board chair publishes the Washington Post. He took part in the same debate in 2015. Fox’s Kilmeade presses GOP party chief on Trump skipping debates
(DBN)

Tuberville blocks Warren’s attempt to begin advancing 184 military promotions
(DBN)

Montana Republicans ban trans lawmaker from House chamber
(DBN)

Making Arkansas worse again
(DBN)

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Retailing:

Bed Bath & Beyond Bankrupt How big was the ‘beyond’ section at Bed Bath & Beyond? The iconic retailer’s weirdest merchandise You Will Miss Bed Bath & Beyond Woman says company is holding her wedding dress because of Bed, Bath & Beyond bankruptcy How Bed Bath & Beyond is hedging its bankruptcy bet Bed Bath and Beyond bankruptcy: Giant ‘dancing goose’ celebrates retailer’s demise Bed Bath & Beyond apocalypse begins: Customers line up around the block to bag bargains Bed Bath & Beyond gets Nasdaq delisting notice following bankruptcy: Here’s what you need to know 'I Lost $100,000': Investors Share Bed Bath & Beyond Losses On Reddit After Company Sold Millions Of Shares Ahead Of Bankruptcy Filing A Discount Retailer Might Soon Take the Place of Your Shuttered Bed Bath & Beyond
(DBN)

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Fraud:

No prison yet for Elizabeth Holmes following last-ditch appeal Theranos founder Elizabeth Holmes’s incarceration delayed
(DBN)

Bannon ally handed 4-year prison term over border-wall fraud
(DBN)

Jury Finds Deutsche Bank Liable for $95 Million in International Ponzi Scheme Suit
(DBN)

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Tech:

Google had a ‘Kodak moment’ last year as Microsoft takes lead in AI, strategist says
(DBN)

Biden administration warns it will crack down on harmful AI business practices
(DBN)

Samsung profits plunge 95%
(DBN)

Can artificial intelligence prevent the next financial crisis?
(DBN)

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Education:

152-year-old San Francisco Art Institute files for bankruptcy San Francisco Art Institute files for bankruptcy SF Art Institute Has Declared Bankruptcy, Looks Finished After 152 Years
(DBN)

School documents leaked by hackers appear to include the most sensitive of student records
(DBN)

A Far-Right Moms Group Is Terrorizing Schools in the Name of Protecting Kids
(DBN)

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Student Debt:

A student-loan borrower just got $78,000 in debt wiped out in court after 3 decades of repayment following Biden's new bankruptcy guidance
(DBN)

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Labor:

YouTube Music contractors won a historic union election, which means Google could have to negotiate with a labor group for the first time
(DBN)

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Pharma:

Shuttered Akorn recalls all its pharmaceuticals Akorn Issues Voluntary Nationwide Recall of Various Human and Animal Drug Products Within Expiry Due to Company Shutdown
(DBN)

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Debt Collection:

CFPB Issues Advisory Opinion On Debt Collection Practices on Time-Barred Debts
(DBN)

CFPB Issues Guidance to Protect Homeowners from Illegal Collection Tactics on Zombie Mortgages
(DBN)

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Sports:

Stadium Subsidy Stupidity Hits New Record
(DBN)

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Personal Finance:

Best—and worst—U.S. states for retirees based on health care, wellness and more
(DBN)

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New Bankruptcy Opinions
(3 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Adversary Proceeding Filings (5 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:

Commercial Chapter 11 Filings Rise 79% Y/Y in March
(DBN)

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Mass Torts:

Bankruptcy Court Rejects Sex Abuse Claims Arising Outside Boundaries of Diocese
(DBN)

Plan lifting Mich.'s statute of limitations on sex abuse suits gets new push
(DBN)

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Miscellaneous:

Recent Developments in Business Courts 2023
(DBN)

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Bankruptcy Alternatives:

US companies in distress turn to debt exchanges to dodge bankruptcy
(DBN)

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Sales:

U.S. Supreme Court Rules Appellate Protection of Bankruptcy Property Sale Is Subject to Waiver and Estoppel
(DBN)

Supreme Court Rules That Section 363(m) Protections for a Bankruptcy Sale Are Not Jurisdictional
(DBN)

Supreme Court: Bankruptcy Code 363(m) does not limit appellate jurisdiction over sale orders
(DBN)

U.S. Supreme Court Clarifies Appellate Courts' Jurisdiction to Review Bankruptcy Sale Appeals
(DBN)

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Automatic Stay:

Orlansky v. Quicken Loans, LLC & ‎Violations of the Automatic Stay
(DBN)

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Interest:

District court affirms bankruptcy court's award to secured creditor of post-petition default rate interest
(DBN)

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Sovereign Immunity:

Divide Over Bankruptcy Code’s Abrogation of Tribal Sovereign Immunity Comes Before the Supreme Court: Lac du Flambeau Band v. Coughlin
(DBN)

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Aviation:

Southwest posts wider-than-expected loss as toll of holiday crisis stretches into 2023
(DBN)

EU to decarbonize air travel with the ‘world’s largest green fuels mandate’
(DBN)

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Climate:

Bringing climate risk home, one property at a time
(DBN)

Flooding from melting snow closes most of Yosemite National Park
(DBN)

The Blue-Collar Workers Left Behind by the Green Economy
(DBN)

A race against time in California town: Floodwaters rising, snow melting, worst still to come
(DBN)

Mississippi River flooding prompts evacuations, sandbagging Counties along the Mississippi River brace for potentially record-breaking flood levels Cities along the Mississippi River brace for record flooding caused by snowmelt
(DBN)

Climate change is behind the Horn of Africa drought, study finds
(DBN)

SCOTUS Declines Big Oil Appeals in Climate Suit
(DBN)

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Crypto:

Bitcoin Market Impact From Mt. Gox Repayments Will Be Limited: Matrixport
(DBN)

Out of Compute North’s Bankruptcy Rises 300MW Bitcoin Miner With Novel Energy Offering
(DBN)

Voyager Lawyers ‘Surprised’ Binance.US Canceled $1B Deal
(DBN)

Genesis Creditors Allegedly ‘Walk Away’ From Previously Agreed Bankruptcy Restructuring Plan
(DBN)

Celsius creditors demand transparency about ‘suspicious’ FTX transactions
(DBN)

Did Vauld drive CoinLoan into court-ordered liquidation?
(DBN)

Hodlnot creditors seek liquidation, reject management’s restructuring solution
(DBN)

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Healthcare:

CCRC files for Chapter 11 for third time in 9 years
(DBN)

Crisis experts: Lack of preparedness, coordination fueled unraveling of pandemic response
(DBN)

Creating circuit split, 9th Circuit rules Biden had power to require vaccines for federal contractors
(DBN)

Oklahoma woman told to wait in hospital parking lot until 'crashing' for abortion
(DBN)

Missouri judge temporarily blocks limits on gender-affirming care
(DBN)

DOJ challenges Tennessee’s ban on gender-affirming care for minors
(DBN)

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Autos:

There are only 3 EV plugs for every 10,000 Americans, a disparity threatening automakers’ $1.2 trillion investment
(DBN)

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Sovereigns:

Sri Lanka debt deal shows creditors can set aside geopolitical rivalries for debt-distressed nations
(DBN)

Some Ghana Bondholders Received Coupon Payment of World Bank-Backed Bond -Source
(DBN)

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UK:

Bankruptcies in Scotland up by a third in one year ‘Covid hangover’ for Scottish firms as corporate insolvencies rise
(DBN)

The Gloves are off for HMRC: What did we learn from the Great Annual Savings Sanction Hearing?
(DBN)

UK Sees Record Sickness And Zero Productivity Growth In 2022
(DBN)

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Sudan:

Sudan "staring into the abyss" as humanitarian situation worsens
(DBN)

UK evacuations from Sudan could be 'impossible' when truce ends, warns foreign secretary
(DBN)

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Russia:

Zelensky and Xi speak in first call since Russia invasion of Ukraine
(DBN)

Russia renews threats of abandoning the Black Sea Grain Initiative
(DBN)

'We're running out of weapons' on Ukraine front line
(DBN)

____________

South Korea:

U.S. to send nuclear submarines to dock in South Korea for first time since 1980s U.S. to send nuclear submarines in new pledge to protect South Korea from Kim Jong Un
(DBN)

____________

China:

China Evergrande Debt Restructuring Incentive To Test Creditor Appetite What's next for China Evergrande after restructuring proposal?
(DBN)

Ban on Chinese citizens, others owning property in Texas gets initial approval in Senate
(DBN)

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Brazil:

Powerful Brazilian lawmaker orders Americanas accounting probe
(DBN)

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Germany:

StaRUG a fallen Star
(DBN)

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