December 14, 2021

The Daily Bankruptcy News

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Law:

Bonuses That Wow For Associates At Top 10 Biglaw Firm
(DBN)

Sidley Austin To Raise Associate Pay to $375,000 in 2022 • No, Sidley Has Not Increased Their Compensation Scale
(DBN)

UK Magic Circle Firms Bring Back COVID-19 Remote Work Requirements Thanks To Omicron Variant
(DBN)

Bryan Garner’s 2021 legal writing tips
(DBN)

Is it Ever Plagiarism to Use Other Attorneys’ Work Product?
(DBN)

Lawyer is censured after he’s accused of shoplifting groceries worth less than $500
(DBN)

Law Student Uses Textbooks To Win Case
(DBN)

Mitch Kossoff pleads guilty to defrauding real estate clients, faces 13 years
(DBN)

Law firm earned $6.8M for indigent defense since 2016, according to state’s overbilling suit
(DBN)

BigLaw firm cancels holiday parties after gathering apparently leads to COVID-19 outbreak
(DBN)

Law School Suffers Critical Computer Collapse In The Middle Of Finals
(DBN)

Law School Discovers Student Wrote World-Famous Christmas Carol
(DBN)

Law School Finds Professor's Conduct Was 'Harassing Based On Race' After Multiple Incidents
(DBN)

Reminder: Deadline Soon For Above The Law’s 13th Annual Holiday Card Contest
(DBN)

Former Biglaw Associate Sentenced After Bank Robbery Spree
(DBN)

Trump Tells Court ‘Whole World’ Shouldn’t See His Financial Records • Appeals court weighs House push to obtain Trump's financial records • Slap Fight Over Trump Finances Continues At Appellate Court
(DBN)

Trump, The New York Attorney General, And The Future
(DBN)

Court Rules No Defamation In Claim That Mike Lindell Would Date A Normal Human Non-Pillow Woman
(DBN)

Kim Kardashian passes ‘baby bar’ exam after three failed attempts
(DBN)

Lawyer is suspended after claiming he feared ‘untimely death’ if he appeared at police officers’ deposition
(DBN)

Jan. 6 panel set to vote on holding Meadows in contempt • Meadows attorney tells Jan. 6 Committee contempt charge would be ‘manifestly unjust' • Jan. 6 committee recommends Mark Meadows face contempt charge • Meadows moves to center of Jan. 6 probe • Chris Christie says Jan 6 riot was ‘driven from the top’ • Christie blames events leading up to Jan. 6 on Trump 'C-team players' • ‘Nightmare’ Man Swung Club With Nail at Police Jan. 6, U.S. Says • House Jan. 6 probe sheds light on Trump aide Mark Meadows’ records before contempt vote • Federal Judge Rejects Key Arguments Against Jan. 6 Obstruction Charges: Counting of Electoral College Votes Was 'Official Proceeding' • Top Fox News Hosts, Don Jr. Frantically Texted Meadows During Jan. 6 Riot Begging Trump to Act: ‘He’s Destroying His Legacy’ • Texts: Trump Jr. pleaded to Meadows to have father condemn Jan. 6 attack • Cheney Reads Texts from Fox to Meadows • Meadows texts show Hannity, Don Jr. wanted Trump to stop Jan. 6 riot
(DBN)

Ghislaine Maxwell’s ‘Little Black Book’ will not be made public • Ghislaine Maxwell Trial: Defense's Lengthy Witness List Includes Some Coming from 'Abroad,' Others Seeking to Testify Under Pseudonym • Inside the abandoned sex dens Jeffrey Epstein shared with Ghislaine Maxwell • Ghislaine Maxwell defense working from familiar playbook in cross-examination of accusers
(DBN)

Prince Andrew called New York's Child Victims Act 'unconstitutional' in a request to throw out a sex-assault complaint against him
(DBN)

Accused Michigan School Shooter's Lawyers Call Massacre 'One, Isolated Incident,' Say He Should Be in School in Juvenile Facility
(DBN)

Derek Chauvin Appears Ready to Plead Guilty to Federal Charges for Depriving George Floyd of Civil Rights
(DBN)

San Francisco’s vaunted tolerance dims amid brazen crimes
(DBN)

Supreme Court rejects bid to block Covid vaccine mandate for NY health workers
(DBN)

'He Had Blood Coming Out of His Nose and Mouth and His Eyes Were Open': 13-Year-Old Ohio Boy Allegedly Beat Neighbor's Toddler to Death
(DBN)

California Couple Sentenced in 'Murder by Torture' of 5-Year-Old Boy Found Beaten and Drowned in Hotel Room
(DBN)

Maryland Man Ranted on Facebook Live Between Allegedly Murdering His Ex-Girlfriend and Ex-Wife
(DBN)

Teen Who Slashed 13-Year-Old Girl Now Accused of Trying to Get His Cellmate to Kill Her Parents, 12 Other People
(DBN)

Austin Car Dealer Hired Hitman to Kill Mistress and Blackmailer
(DBN)

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Judges:

Distinguished Bankruptcy Judge To Retire From Southern District Bench
(DBN)

United States Court of Appeals for the Second Circuit Announcement for Bankruptcy Judgeship
(DBN)

Supreme Court denies appeal by Wisconsin conservative think tank over press access
(DBN)

Judge called staffer a ‘heifer’ and a judge an ‘Uncle Tom,’ according to order removing her from bench
(DBN)

Judges Still Have A Role In A Dystopian Future
(DBN)

'We Fail Ourselves': Justice Gorsuch Dissent Skewers SCOTUS for Rejecting N.Y. Healthcare Workers Who Say Cell Lines for COVID-19 Vaccines Are 'Abortion-Derived'
(DBN)

______________

Wall Street:

Stock futures slip lower ahead of key inflation data, Fed meeting
(DBN)

Dow and S&P 500 post biggest one-day declines in almost two weeks, with focus shifting to Fed and ‘tidal wave’ of omicron
(DBN)

Meme stocks AMC and GameStop tumble to lowest levels in months as investors take off risk • GameStop, AMC Drag Meme Stock Group to 7-Month Low
(DBN)

Highly valued S&P 500 index is ‘near the top of its 85-year trend channel,’ says Deutsche Bank
(DBN)

______________

Mass Torts:

Insurer agrees to $800M settlement in Boy Scouts bankruptcy • Chubb Reaches Agreement-in-Principle with Boy Scouts of America
(DBN)

U.S. Supreme Court snubs J&J's bid to avoid Mississippi talc lawsuit • J&J Turned Away by U.S. Supreme Court Over Talc Cancer Suits
(DBN)

Nassar abuse victims to receive $380 mln settlement: report • Gymnasts reach $380 million settlement over Nassar abuse • USA Gymnastics, abuse survivors have deal for $380 million in 'full settlement'
(DBN)

Bayer's Bid to End Roundup Cancer Suits Leads Supreme Court to Ask for Biden Input
(DBN)

____________

Celebs:

Elon Musk, CEO of Tesla and SpaceX, is Time's 'Person of the Year'
(DBN)

Elon Musk rips the political class again, saying 'government is inherently not a good steward of capital' even though his companies thrived from government subsidies
(DBN)

Elizabeth Warren slams Elon Musk's 'person of the year' title, saying the tax code should be changed so he stops 'freeloading off everyone else'
(DBN)


____________

Healthcare:

AP-NORC poll: Omicron raises COVID worry but not precautions
(DBN)

U.S. edges toward 50 million confirmed COVID-19 cases and 800,000 fatalities, as New York starts week with new face mask mandate
(DBN)

Vaccines appear weak at blocking Omicron infection; shots may reduce long COVID burden
(DBN)

Pfizer stops 70% Omicron hospitalizations in South Africa study • Pfizer's Covid pill 89 percent effective at keeping people out of hospital or dying, company says
(DBN)

Why a Covid booster dose is crucial against the omicron variant
(DBN)

Bracing for Omicron
(DBN)

Minnesota hospitals warn they are 'overwhelmed' in full-page ad
(DBN)

Colorado governor says COVID "medical emergency" is over
(DBN)

Dem governor declares COVID-19 emergency ‘over,’ says it’s ‘their own darn fault’ if unvaccinated get sick
(DBN)

Northeast States Deploy Soldiers and Home Tests in Covid Battle
(DBN)

Elon Musk says he and his family are vaccinated but that mandates for the masses are an 'erosion of freedom'
(DBN)

Fauci pleads with parents to get their children vaccinated as fewer than 1 in 5 eligible American children are protected against COVID-19
(DBN)

How the Global Vaccination Campaign Has Succeeded—and Failed
(DBN)

How to deal with (even more) Covid uncertainty
(DBN)

Dr. Fauci says it's 'tough to tell' if there will be a need for annual COVID-19 booster, but if there is, 'then we'll just have to deal with it'
(DBN)

Man whose wife won a court battle to treat his COVID-19 with ivermectin has died
(DBN)

____________


Economy:

Fed to pivot on inflation fears in the face of another uncertain year • Fed Seen Delivering One of the Most Hawkish Pivots in Years
(DBN)

The Fed will halt asset purchases by March and hike rates in June, CNBC survey predicts
(DBN)

Inflation is painfully high, but some relief may be coming
(DBN)

Inflation rises at fastest pace in nearly 40 years — five experts weigh in
(DBN)

Worried About Inflation? Here’s What That May Reveal About You.
(DBN)

Americans expect higher prices for another year — with one big exception
(DBN)

Billionaire investor Bill Ackman says inflation is being underreported by the government due to soaring rent costs • U.S. Home-Price Surge Looks Much Tamer in Government CPI Report
(DBN)

Larry Summers Is Sounding the Alarm on Inflation, Again
(DBN)

More Americans see inflation as the biggest risk to their retirement plans
(DBN)

The Fed must 'quickly regain control' after missing the mark on inflation as rising prices have yet to peak, says Mohamed El-Erian

BofA: Consumers Spending at Fastest Rate
(DBN)

The top 0.01% got a nearly 10% percent raise in 2020 — that's five times more than the bottom 90%
(DBN)

Millions Can't Afford to Retire
(DBN)

Seven High Frequency Indicators for the Economy
(DBN)

Manchin, Biden set to meet this week as Democrats race to wrap up $2 trillion spending package • Manchin Leaves Door Open to Biden Plan, Cites Inflation Worries • Manchin raises inflation concerns ahead of pivotal Biden talk • What's Still in the Build Back Better Bill?
(DBN)

Worker pay isn’t keeping up with inflation
(DBN)

U.S. consumers expect short-term inflation to rise at twice pace of wage gains
(DBN)

Future of Work: Requiring workers to return to the office is a 'doomed approach'
(DBN)

Fidelity pauses return-to-office plans as financial firms tighten COVID precautions • Fidelity Halts Return-to-Office Pilot in Northeast on Covid Risk
(DBN)

Goldman Sachs Tells London Staff to Work From Home If They Can
(DBN)

Omicron derails company holiday parties
(DBN)

Philadelphia rolls out COVID-19 vaccination requirements for indoor dining establishments
(DBN)

Axios-Ipsos poll: The danger of vaccine mandates
(DBN)

California orders statewide mask requirement starting Wednesday
(DBN)

Air Force discharges 27 for refusal to get Covid vaccine
(DBN)

NFL requires coaches and some staff get COVID vaccine boosters
(DBN)

U.S. dollar gains as Fed seen wrapping up asset purchases earlier than expected
(DBN)

BlackRock Gets Ready to Rewind 2021 Playbook in 2022
(DBN)

U.S. Pitches Truce to Japan Over Trump-Era Steel, Aluminum Tariffs
(DBN)

Across the World, COVID Anxiety and Depression Take Hold
(DBN)

What could possibly go wrong? These are the biggest economic risks for 2022
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

Not all Forced-Sale Mortgage Foreclosures are Exempt from Avoidance as Fraudulent Transfers Under Section 548 – a Case Study Regarding Application of Supreme Court’s BFP Factors to State Tax Sale Statutes
(DBN)

Will the housing market continue its hot streak in 2022?
(DBN)

Housing Inventory December 13th Update: Inventory Down 3.3% Week-over-week
(DBN)

Commercial real estate faces increasingly steep costs from flood damage, study says
(DBN)

Why rents are rising
(DBN)

U.S. Home-Price Surge Looks Much Tamer in Government CPI Report
(DBN)

Bitcoin versus home prices: Here's how the crypto has performed against the residential property market over the last 5 years
(DBN)

California Proposes Deep Cut to Rooftop Solar Incentives
(DBN)

____________

Municipalities:

Puerto Rico board fight over pension laws continues
(DBN)

Robberies. Drought. Tent Camps. Los Angeles’s Next Mayor Faces a Litany of Crises.
(DBN)

Some sanitation workers in NYC earned nearly $300,000 last year as staff shortages and snowstorms boosted overtime pay
(DBN)

The Fleeing Young of Illinois
(WSJ)

____________

Oil/Gas:

U.S. Expects Permian Oil Output to Rise to Record in December
(DBN)

Kamala Harris targets 500,000 charging sites as Biden administration sticks to aggressive plan for EVs to replace 50% of auto sales
(DBN)

Where Will The Oil Industry Spend Its Money In 2022?
(DBN)

Harris rolls out plan for electric vehicle charging network
(DBN)

Toyota Shifts Gears Big Time on Electric Cars
(DBN)

Saudi Oil Minister Says Global Production Could Plunge 30% This Decade
(DBN)

Commerzbank Seeks to Reduce Ties With Fossil-Fuel Companies
(DBN)

____________

Climate:

‘Y’all pray for Mayfield’: Town grieves in tornado aftermath • Kentucky tornado toll in dozens; less than feared at factory • Determined recovery efforts begin after tornadoes wreak devastation, with officials estimating 75% of one Kentucky town gone • Thousands without heat, water after tornadoes kill dozens • Planning questions emerge at tornado-destroyed candle plant • Crews search rubble after 6 die at Illinois Amazon facility • Was tornado outbreak related to climate change? • The work release inmate who went missing after being rescued from candle factory in Kentucky that collapsed in a tornado has turned himself in, officials say • Biden to travel to Kentucky to assess tornado damage • Kentucky governor says 64 are dead, cost of recovery unknown after tornadoes • How to help tornado victims in Kentucky and other states • Was the deadly Kentucky tornado due to climate change? It’s ‘complicated’ • Experts say climate can contribute to tornado 'ingredients' • In Mayfield's Ruins, a Search for Hope • How 'Goldilocks' conditions fueled Kentucky’s devastating tornado • Candle Workers Threatened if They Left • Why Did Candle Staff Work During a Tornado?
(DBN)

Russia Vetoes UN Climate Resolution That Cited Global Security
(DBN)

Arctic Fires Are Melting Permafrost That Keeps Carbon Underground
(DBN)

Cracks could cause key ice shelf holding back "Doomsday Glacier" to collapse
(DBN)

Elon Musk tweets that SpaceX will start program to pull carbon dioxide in atmosphere and use it as rocket fuel
(DBN)

The 90 companies responsible for two-thirds of historical greenhouse gas emissions
(DBN)

____________

Food/Beverage:

Creditors for bankrupt Old Country Buffet parent target its former owners
(DBN)

Restaurant menu price inflation hit a 39-year high in November
(DBN)

____________

Politics:

Biden aims to cut bureaucratic runaround for gov’t services • Biden Aims to Slash ‘Time Tax’ for Social Security, Storm Aid
(DBN)

Florida Democrats aim to rebound as GOP voting numbers grow
(DBN)

'Conflicted Congress': Key findings from five-month investigation into federal lawmakers' personal finances • We rated every member of Congress on their financial conflicts and transparency • As the pandemic raged, at least 75 lawmakers bought and sold stock in companies that make COVID-19 vaccines, treatments, and tests
(DBN)

McConnell praises Biden for Kentucky disaster response
(DBN)

Trump and Bill O’Reilly Tour Kicks Off With Many Empty Seats • Trump and Bill O'Reilly struggled with poor turnout at tour debut, with upper-deck ticket holders 'upgraded' to fill lower bowl of 'cavernous' Florida Panthers arena, report says
(DBN)

USPS built and secretly tested a mobile voting system before 2020
(DBN)

GOP election objectors rake in corporate cash
(DBN)

The Judges Drawing Our Political Maps
(DBN)

Election Lawyers Making It Harder to Vote
(DBN)

____________

 
New Bankruptcy Opinions
(3 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 (8 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 Jobs:

(1) • (2) • (3) •(4)• (5) • (6) • (7) • (8)
(DBN)

______________

Insurance:

Eleventh Circuit Bankruptcy Decision Marks Significant Implications for Insurance Companies, Their Counsel
(DBN)

____________

Third Party Releases:

Eleventh Circuit Announces Differing Standards for Approval of Third Party Releases
(DBN)

____________

Sanctions:

The Availability of Sanctions Under Bankruptcy Rule 3002.1 for Noncompliance – the Second Circuit’s Decision in In re Gravel
(DBN)

____________

Aviation:

American Airlines CEO: U.S. COVID-19 aid 'saved' industry
(DBN)

TSA: More Anger and Guns with Passengers
(DBN)

Delta Commits $1.2 Billion to Virgin Atlantic, Aeromexico, Latam
(DBN)

Delta will stop flying to 3 US cities and cut 7 routes indefinitely as carriers continue to pull out of small markets — see the full list
(DBN)

Flight Attendants Blame Airport Drinking for Stoking Mask Anger
(DBN)

Virgin Atlantic Secures £400 Million Funding From Branson, Delta
(DBN)

U.K. Set to Scrap Red-List Hotel Quarantines as Soon as Tuesday
(DBN)

Ghana to Charge Airlines $3,500 Per Unvaccinated Passenger
(DBN)

Travelers From U.S., U.K. Sent to Quarantine Camps in Hong Kong
(DBN)

U.S. urges Americans to avoid travel to Italy, Greenland over COVID-19 concerns
(DBN)

____________

Retailing:

The cheapest stuff is finally available online
(DBN)

How dollar stores became leading retailers
(DBN)

Amazon worker killed in warehouse collapse wasn't allowed to leave when the tornado approached, girlfriend says
(DBN)

Amazon worker ‘who tried to warn colleagues’ is first victim named after more than 70 killed by tornadoes
(DBN)

Amazon’s Fatal Warehouse Collapse Is Being Investigated by OSHA
(DBN)

Flash-Mob Thefts Planned on Snapchat and Other Apps, Police Say
(DBN)

____________

Personal Finance:

The one rule to writing a great resume, from Google’s head of recruiting
(DBN)

____________

Student Debt:

Student loan payments restart in February, but survey finds 89% of borrowers aren't ready
(DBN)

Buttigieg's husband mocks Biden admin restarting student loan payments next month: 'No thank you'
(DBN)

____________

Movie Theaters:

‘West Side Story’ Falls Flat at Box Office With Disappointing $10 Million Debut
(DBN)

____________

Fraud:

Former New York Jets WR Sentenced to Prison for COVID-19 Relief Business Loan Fraud
(DBN)

____________

Crypto:

Australian man claiming to be Japanese Bitcoin inventor wins $27 billion court case
(DBN)

____________

Tax:

Rich Americans Cut Tax Bills With Money-Losing Bonds
(DBN)

Elizabeth Warren Presses IRS on Easy, Free Online Tax Filing
(DBN)

____________

Agribusiness:

Holy cow! Colorado rancher bilked investors out of $5 million in cattle Ponzi scam
(DBN)

____________

Autos:

Tesla slides into bear market as valuation falls below $1 trillion
(DBN)

Toyota Extends Production Cuts
(DBN)

Hertz: Everything Wrong with US Corporations
(DBN)

____________

Banking:

FDIC Power Struggle
(DBN)

U.S. banks tighten COVID-19 precautions as Omicron variant spreads
(DBN)

Bags of cash: NatWest fined $351 million over money laundering
(DBN)

The OCC’s suggested overdraft overhaul would hit banks’ bottom lines
(DBN)

____________

UK:

How Will the New Rent Arbitration Scheme Work for Commercial Landlords and Tenants?
(DBN)

Boris Johnson reports Britain's first known death from the omicron coronavirus variant • Boris Johnson: UK faces ‘tidal wave’ of omicron cases
(DBN)

Britons rush to get shots in booster blitz against omicron
(DBN)

Covid vaccine pass will need three doses after 'reasonable time' for booster jab
(DBN)

U.K. Lenders Prove Resilient in Bank of England Stress Test
(DBN)

Ryanair’s Twitter Jab Mocks Boris Johnson’s Christmas Party
(DBN)

London Tube Loses Almost One Fifth of Riders in One Week
(DBN)

U.K. Runs Out of Home Covid-19 Tests Online in Rush to Fight Omicron
(DBN)

____________

Canada:

“Come a Little Bit Closer”: Convergence and its Limits in Canadian Restructuring Law
(DBN)

Ontario Court Lays Down The Law On Technology Competence And Video Proceedings
(DBN)

____________

Netherlands:

Sharp increase in bankruptcies in November
(DBN)

____________

MENA:

Israel planning trial import of foreign tech workers amid shortage
(DBN)

Trump: Netanyahu 'never wanted peace' with Palestinians
(DBN)

____________

Austria:

Austria ends lockdown restrictions for vaccinated people
(DBN)

____________

Bosnia:

Bosnian ski resorts benefit from lax anti-virus measures
(DBN)

____________

Japan:

Japan's November business failures hit a 56-year low, survey shows
(DBN)

____________

China:

China’s Property Crisis Likely Dragged Economy Down in November
(DBN)

Chinese developers fall as debt worries mount
(DBN)

Evergrande's boss forced to sell an additional 277.8 million shares as China's government says it's not bailing the property giant out
(DBN)

____________

Norway:

Norway Returns to Tougher Measures to Slow Omicron Wave
(DBN)

____________

Italy:

Italy to Extend State of Emergency to March 31 as Virus Cases Rise
(DBN)

____________

India:

Need a Code of Conduct for Committee of Creditors
(DBN)

____________


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