December 17, 2021

The Daily Bankruptcy News

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Law:

It's Raining In December! Salary Money, That Is
(DBN)

Top 50 Biglaw Firm Awards Bonuses That Go Over The Top For Big Billers
(DBN)

Top 50 Biglaw Firm Handing Out Year-End And Special Bonuses
(DBN)

Latham Still Hasn't Announced Bonuses But Has Offered Associates A Gift Basket!!!
(DBN)

Law School Enrollment Is Way Up, So Let's Hope The Job Market Stays Hot
(DBN)

Arnold & Porter Associate Takes Lead as High Court Grants Case
(DBN)

The LSATs Scores At These Law Schools Are Impressive
(DBN)

The Best Law Schools In America For Career Prospects (2022) • Which law school has best quality of life? Best career prospects? Princeton Review releases rankings
(DBN)

Which law schools have the highest and lowest median LSAT scores?
(DBN)

Refusing to budge, top Florida court says ABA imposes CLE panel ‘quotas,’ state lawyers can’t get credit for participation
(DBN)

Top 50 Biglaw Firm Announces New 'Unplug & Recharge' Program, Making Time Off Billable And Bonus Eligible
(DBN)

Prosecutor's Holiday Party Ends -- Predictably -- In COVID Outbreak
(DBN)

Trumpkin F.D.I.C. Chair Develops Newfound Respect For Rules, Order, Procedure
(DBN)

Ex-J. Crew Lawyer Claims in Suit She Was Fired Over Hearing Loss
(DBN)

Plexus Law to axe dozens of staff
(DBN)

Kirkland and Weil drop theatre funding over anti-Semitism claims
(DBN)

You've been framed! Slater and Gordon boss stars in wild homemade personal injury videos
(DBN)

Fraudulent Transfer Leads To Five-Year Suspension From Local Bankruptcy Practice
(DBN)

Suspended lawyer is accused of inflating firm payroll to obtain COVID-19 pandemic relief funds
(DBN)

Novelist James Patterson tells the stranger-than-fiction story of criminal defense attorney Barry Slotnick
(DBN)

Liz Cheney might be onto something with criminal charges for Trump, legal experts say • January 6 rioter charged with assaulting Capitol police in fight that left officer unconscious • Brad Parscale Says Jan. 6 Panel Subpoenaed His Phone Records • Details paint Trump's coup attempt in horrifying new light • Why Mitch McConnell's comment about the January 6 committee matters • Role as Trump’s gatekeeper puts Meadows in legal peril — and at odds with Trump • Olympic Gold Medalist Who Pleaded Guilty to Obstructing Congress on Jan. 6 Is Cooperating with Feds, May Testify at Trial • Photojournalist sues to block subpoena from Jan. 6 committee • Truck Driver Who Wore Gas Mask, Took John Calhoun Selfie Inside Capitol on Jan. 6 Sentenced to Probation • Michigan Man Allegedly Kept Police Helmet and Badge as 'Trophies' After Jan. 6 Capitol Assault • U.S. House Jan. 6 probe subpoenas Trump associate linked to "alarming" document • Legal Group Files Bar Complaint Against John Eastman for 'Carefully Orchestrated' Effort to 'Overturn the Results' of the 2020 Election
(DBN)

Facing Subpoenas, Trump Allies Try to Run Out the Clock on Democrats
(DBN)

Kraken Queen Says Dominion Voting Is The REAL Defamation In $10M Countersuit
(DBN)

Fox News loses bid to dismiss Dominion defamation lawsuit over election coverage • 'The Court Can Infer That Fox Intended to Avoid the Truth': Judge Refuses to Dismiss Dominion Lawsuit Against Fox News Over 2020 Election Coverage
(DBN)

Michael Cohen Sues U.S. Over Alleged Retaliation for Book • Michael Cohen Sues Donald Trump, Bill Barr and Others for Allegedly Sending Him to Solitary Confinement for Writing a Book
(DBN)

Greg Abbott’s Promise to Eliminate Rape Is Holding Up About as Well as You’d Expect
(DBN)

Defense expert: Police had duty to arrest Daunte Wright • Prosecution rests case against Kim Potter • Potter expected on stand as trial in Wright death nears end
(DBN)

Ex-Epstein worker tells jury she ‘looked up’ to Maxwell • Maxwell Judge Won’t Let Defense Call Anonymous Witnesses • Federal Judge Denies Ghislaine Maxwell's 'Unprecedented' Bid for Witness Anonymity as Defense Case Begins • 'False Memory' Expert Involved in Robert Durst, O.J. Simpson, and Harvey Weinstein Cases Testifies for Ghislaine Maxwell • Psychologist testifies Maxwell's accusers may have fallen prey to 'false memories' • 'This Is a Trial, Not an Inquest': Legal Experts Debunk Popular Misconceptions About Ghislaine Maxwell's Criminal Proceedings
(DBN)

Jeffrey Epstein’s cellmate dishes on the pedophile’s final days, suicide
(DBN)

Harvey Weinstein attorneys make appeal • New York appeals court calls Manhattan DA’s ‘pile on’ case against Harvey Weinstein ‘overkill’
(DBN)

Police officer on life support after shooting
(DBN)

Murder Victim's Mother Sues Suspect's Parents and Their Marriage Counselor for Allegedly Concealing Evidence, Stalling Investigation
(DBN)

Warrant issued for Alec Baldwin's cellphone in 'Rust' shooting probe • Extensive Search and Seizure Warrant Issued for Alec Baldwin's Cell Phone as Investigation of Halyna Hutchins Death on 'Rust' Set Continues
(DBN)

Travis Scott concert deaths due to accidental suffocation, medical examiner says
(DBN)

Georgia man accidentally shot dead by toddler who found gun, police say
(DBN)

'I'm Tired of This Baby': Dad Frustrated Over Cancellation of Comic-Con Trip Accused of Beating Infant Son to Death
(DBN)

Texas AG Ken Paxton’s Attempt to Indict Black Female Sheriff Backfires in Appeals Court
(DBN)

'The Child’s Arm Was Still in the Pen': Grandparents' Pit Bull Rips Off Arm of 4-Year-Old Oklahoma Boy
(DBN)

Senate parliamentarian rejects Democrats' third immigration offer
(DBN)

______________

Judges:

Gorsuch deals abortion providers another setback by sending Texas SB8 lawsuit to a conservative appeals court • U.S. Justices Return Texas Abortion Case to Court That Backed Ban
(DBN)

U.S. relaxes restriction on abortion pill, allows women to obtain by mail
(DBN)

Judge Removed From Bench After Calling A Judge 'Fat B----' And Another Judge 'Uncle Tom' • Alabama Judge Who Called Colleagues 'Uncle Tom,' 'Heifer,' and 'Fat B****' Booted from Office
(DBN)

Louisiana Judge Who Blamed Use of Racial Slur on 'Sedative' Will Request 'Indefinite Leave' From Bench
(DBN)

Biden Shot-or-Test Rule in the Hands of Three Mystery Judges
(DBN)

______________

Wall Street:

Stock futures are down as selling in tech stocks continues
(DBN)

Global shares slide as central bankers tackle surging inflation while Omicron spreads
(DBN)

Nasdaq falls nearly 2% as US stocks battered by Omicron volatility • Stocks fall, Nasdaq drops nearly 2.5% as tech sector stumbles
(DBN)

The rise of legal insider trading
(DBN)

______________

Corporate Governance:

McDonald’s claws back $105 million from fired CEO Easterbrook, accused of hiding relationships from board
(DBN)

____________

Retailing:

Manhattan’s Retail Rebound Threatened by Surge in Covid Cases
(DBN)

A Kentucky Amazon employee couldn't drive to work after a deadly tornado. She says HR refused to excuse her absence — until she tweeted at a top exec
(DBN)

____________

Student Debt:

Joe Biden’s Failure to Fulfill Student Loan Promise Is Angering Largest Voting Bloc in U.S.
(DBN)

Pressure builds on Biden ahead of student loan cliff
(DBN)

What the Fed’s likely rate hikes could mean for student loan borrowers
(DBN)

____________

Utilities:

Texas to Weigh Big Power Market Reforms in Wake of Blackouts
(DBN)

____________

Politics:

Spurning Masks Is Costing Two U.S. Lawmakers a Small Fortune
(DBN)

'Jim Jordan Is a Traitor' Over Mark Meadows Texts, Says Fellow Congressman
(DBN)

MyPillow CEO says he is prepared to go broke pushing false pro-Trump election claims
(DBN)

Republican Governors Have No Problem Spending the Covid Relief Money They Opposed
(DBN)

Trump allies are angling for election jobs up and down the ballot. That could have consequences in 2024
(DBN)

Election reviews persist despite no evidence of rigged vote
(DBN)

$2T bill stalled, Senate Dems seem ready to move on for now • Biden, Manchin sharply divided over $2T Dem bill • Biden Economic Bill Gets Pushed to 2022 Amid Democrats’ Discord • Joe Manchin cancels Build Back Better’s Christmas party • Mitch McConnell says delaying Biden's agenda, including an expanded child tax credit, is 'the best Christmas gift Washington could give working families' • Democrats face painful reality as priorities stumble • Failure on big bill would spark cascade of trouble for Biden • Biden's Build Back Better bill suddenly in serious danger • Graham: Build Back Better DOA
(DBN)

Young Americans motivated to make change: AP-NORC, MTV poll
(DBN)

Trump claimed that Americans are only able to wish each other 'Merry Christmas' because he fought the 'woke' and 'crazy people' who wanted to cancel the greeting
(DBN)

Fact check: Trump repeats false claim that Pelosi rejected request for National Guard ahead of Jan. 6
(DBN)

Fox News news hosts knew that Trump’s lies were lies—and they amplified them anyhow
(DBN)

____________


Economy:

US stocks climb in 'relief rally' as Fed's assesses the economy can withstand multiple rate hikes
(DBN)

Possible Fed Board Contender Spriggs Laments Powell Rates Pivot
(DBN)

U.S. Fears Inflation More Than Europe, With Recovery in Balance
(DBN)

Jerome Powell smacks down the argument that paying workers more is fueling historic inflation
(DBN)

Weekly Initial Unemployment Claims Increase to 206,000 • Weekly jobless claims total 206,000, higher than expected and above pandemic low • Jobless claims edge higher from 52-year lows as the unemployment recovery pushes forward • US jobless claims rise but still historically low at 206,000
(DBN)

U.S. economy grows a touch slower in December, but still shows plenty of muscle
(DBN)

U.S. Business Activity Softens Though Supply Snags Begin Easing
(DBN)

Former U.S. Treasurer on the economy: ‘I’m much more optimistic about 2022’
(DBN)

U.S. Factory Output Increases at Solid Pace in Broad Advance
(DBN)

Mohamed El-Erian says some Fed officials might regret unwinding stimulus so slowly, considering inflation is soaring
(DBN)

The Fed still has a lot of questions to answer about its long-term strategy
(DBN)

Why the Fed feels now is time to tighten credit more quickly
(DBN)

35% of women who left or lost jobs during the pandemic are still unemployed
(DBN)

Expanded child tax credit nears end as Senate stalls and parents' fears grow
(DBN)

U.S. Kids Go Hungry as Safety Net Ebbs and Inflation Soars
(DBN)

No. 2 Senate Democrat 'stunned' by Manchin's stance on child tax credit • White House rules out passing child tax credit as standalone bill • Democrats lack backup plan with expanded child tax credit set to lapse
(DBN)

Industrial Production Increased 0.5 Percent in November • U.S. industrial output trends higher in November
(DBN)

Biden signs debt ceiling increase, preventing first-ever U.S. default
(DBN)

Will the US shut its border over omicron?
(DBN)

Apple delays full office reopening and is giving every employee a $1,000 bonus • Apple delays return to corporate offices indefinitely
(DBN)

Citadel Tells Staff They Can Work Remotely Through End of Year
(DBN)

Citi Tells New York, New Jersey Staffers to Work From Home Again
(DBN)

‘I Was Wrong’: Omicron Wrecks CEOs’ Plans for U.S. Office Return
(DBN)

NYC Sees Offices Empty, Shows Canceled as Covid Wave Sweeps In
(DBN)

Morgan Stanley Increases Parental Leave to Woo Talent
(DBN)

Rate at which people stopped moving to California surprised researchers: 'Statewide phenomenon'
(DBN)

Health worker vaccine mandate blocked in half the states
(DBN)

Biden administration asks U.S. Supreme Court to lift lower courts hold on vaccine mandate
(DBN)

Army: 98% of active duty got COVID-19 vaccine by deadline
(DBN)

Over 100 Marines Out Over Vax Refusal
(DBN)

China’s covid-zero lockdowns loom over the global supply chain
(DBN)

Kenneth Rogoff Warns of ‘Accident Waiting to Happen’ in Emerging Markets
(DBN)

The 10 best companies for women in 2021, according to employee reviews
(DBN)

Ransomware Attack May Leave Many Americans Without Pay This Christmas
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

November Housing Starts: Most Housing Units Under Construction Since 1973 • Housing Starts Increased to 1.679 million Annual Rate in November
(DBN)

Evictions on the rise months after federal moratorium ends
(DBN)

Ellington Hedge Fund Says It's Time to Go Bargain Hunting in Mortgage Bonds
(DBN)

____________

Municipalities:

America’s New Boom Towns
(DBN)

____________

Oil/Gas:

U.S. fuel demand surges to a record on buzzing holiday activity - EIA
(DBN)

Cheap Shale Gas Boosts Refining Profits for U.S. Sour Crudes
(DBN)

GM Plots Mass-Market EV Push Under Pressure From Plug-In Rivals
(DBN)

New York Bans Natural Gas in New Buildings
(DBN)

The Slow Death of Louisiana's Oil Industry
(DBN)

Climate Change Threatens Recoverable Oil Reserves
(DBN)

____________

Lehman:

Lehman Seeks Appeal of Ruling That Boosts Deutsche Bank’s Payout
(DBN)

____________

Fraud:

How Silicon Valley enabled Theranos to run wild • Closing arguments to begin in Holmes trial • Elizabeth Holmes’s Dishonesty Led Theranos Fall, Prosecutor Say in Closing Argument • Elizabeth Holmes' Intent Takes Center Stage as Theranos Fraud Trial Draws to Close • Prosecutor in Theranos case closes by saying Holmes ‘chose fraud over business failure’
(DBN)

____________

Food/Beverage:

Several New York City Restaurants Close as Covid Cases Rise
(DBN)

____________

Celebs:

Elon Musk could owe $12 billion this year in one of the biggest tax bills ever, just as he told Elizabeth Warren
(DBN)

____________

Newspapers:

Alden Sues Lee for Rejecting $141 Million Newspaper Chain Buyout
(DBN)

____________

Healthcare:

Dr. Eric Topol says ‘we’re sitting ducks’ for next Covid wave from omicron
(DBN)

Omicron symptoms could seem like a cold — but don’t underestimate this variant, experts warn
(DBN)

The symptom that tells you you've caught omicron
(DBN)

Omicron outbreak inducing whiplash for many Americans
(DBN)

‘Striking’ vaccine resistance in Omicron variant: Columbia University
(DBN)

CDC issues grim forecast warning that weekly COVID cases will jump by 55% to 1.3 million by Christmas Day and that deaths will surge by 73% to 15,600 a week as Omicron becomes dominant strain
(DBN)

Omicron variant update: This CDC tracker and map shows where it’s spreading in the U.S.
(DBN)

Fauci says omicron will soon become dominant Covid variant in U.S., urges people to get shots
(DBN)

Biden warns of winter with 'severe illness and death' for unvaccinated
(DBN)

Full hospitals, mild cases: What an Omicron wave could look like in the US this winter
(DBN)

Maryland hospitals reaching near capacity
(DBN)

Fauci: Omicron likely dominant in US in 'few weeks,' warns hospitals could be 'overwhelmed'
(DBN)

Covid surge is gripping New York City ahead of the holidays: ‘We’ve never seen this before’
(DBN)

Why It Feels Like “Everyone” Has COVID Right Now
(DBN)

Survey ranks the safest states to live in during COVID — Number 5 may surprise you
(DBN)

Cleveland Clinic's ICU staff share their frustrations with every bed full of COVID-19 patients
(DBN)

Covid-19 is raging across the US, with a surge in cases and hospitalizations causing new disruptions
(DBN)

A Staggering 1.3M Americans Are Expected To Get COVID The Week Of Christmas, CDC Predicts
(DBN)

As Omicron Hits, COVID-19 Case Counts Don’t Mean What They Used To
(DBN)

Omicron infects 70 times faster than previous COVID strains: study
(DBN)

Omicron replicates faster than delta in airways, but lung infection appears less severe, study says
(DBN)

U.S. Health Care Spending Jumped 9.7 Percent to $4.1T in 2020, Government Report Shows
(DBN)

Unvaccinated '90 Day Fiancé' Star Dies Of COVID-19
(DBN)

CDC panel recommends Pfizer, Moderna vaccines over J&J due to rare blood clot cases
(DBN)

Regeneron Says Antibody Treatment Loses Strength Against Omicron
(DBN)

Former customers of bankrupt N.H. health care sharing ministry unlikely to get large refunds
(DBN)

____________

 
New Bankruptcy Opinions
(5 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (8 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (3 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)

______________

Litigation:

Litigation Funding In Bankruptcy And Distressed Situations
(DBN)

____________

Bankruptcy Rules:

Some Examples from the Proposed New Federal Rules of Bankruptcy
(DBN)

____________

Miscellaneous:

The Professionals Weigh In
(DBN)

____________

Cross-Border:

Don’t Ignore Bankruptcy Code’s Chapter 15 in Civil Actions; It Ends the Unpredictable Ad Hoc Comity Analysis
(DBN)

____________

Eligibility:

“Single Asset Real Estate” & Subchapter V Eligibility (In re Moore; In re McGrath; In re ENKOGS1)
(DBN)

____________

Sovereign Immunity:

The Third Circuit Lets the Katz Out of the Bag: No Sovereign Immunity for California in the Post-Confirmation Venoco Dispute
(DBN)

____________

Solicitation:

Is a Change in Culture Coming to Chapter 11?
(DBN)

____________

Insurance:

Contractor Missed Deadline to File Lawsuit For Repairs to Storm-Damaged Church
(DBN)

____________

Mass Torts:

Judge rejects Purdue Pharma’s sweeping opioid settlement • Judge tosses $4.5 billion deal shielding Purdue’s Sackler family from opioid lawsuits • Judge Overturns Purdue Pharma’s Opioid Settlement • Judge rejects Purdue Pharma's opioid settlement that would protect the Sackler family • Garland praises court for rejecting Purdue Pharma’s bankruptcy settlement • Purdue Pharma Statement with Respect to District Court Decision Vacating Bankruptcy Court’s Confirmation of the Plan of Reorganization • Attorney General Bonta Applauds Court for Reversing Purdue Bankruptcy Plan, Will Continue to Hold Sackler Family Accountable for Role in the Opioid Crisis
(DBN)

They didn't plan to be a family of 17. Then, the opioid crisis hit their community
(DBN)

____________

Aviation:

Delta forecasts profit ahead as travel demand and fares rise, despite omicron
(DBN)

Florida man kicked off United flight for using underwear as mask in protest
(DBN)

Aeromexico Plunges on Tender Offer in Bankruptcy Restructuring
(DBN)

Latam Air Creditors Slam Bankruptcy Plan, Tout Azul Offer
(DBN)

"Make it stop": Flight attendants urge feds to help
(DBN)

Families of Boeing crash victims say the U.S. failed to consult them.
(DBN)

Finland May Join Italy, Greece in Asking EU Passengers to Test
(DBN)

PAL losses since Chapter 11 filing reach P3.45B in Nov.
(DBN)

Aeromexico tender offer to value shares at fraction of market value
(DBN)

Portugal’s TAP confident EU will approve restructuring plan
(DBN)

Malaysia's AirAsia X gets court approval to restructure $8bn debt
(DBN)

____________

Religion:

America's wealthiest pastor Kenneth Copeland - who is worth $770m - dodges $150K property tax on his $7m mansion home by claiming it's a 'clergy residence'
(DBN)

____________

Satellites:

Intelsat gets bankruptcy court approval to exit Chapter 11 in early 2022
(DBN)

____________

Sports:

Premier League Delays Man United Match Amid Rising Covid Cases
(DBN)

____________

Climate:

U.S. records most hurricane-force wind reports in single day • Windstorm Hit Central U.S. With Force of a Category 2 Hurricane
(DBN)

Is Climate Making Tornadoes Worse?
(DBN)

Warm Weather That’s Spawning U.S. Tornadoes Isn’t Budging
(DBN)

Widespread Power Outages in Midwest After ‘Off the Charts’ Storms
(DBN)

Strong winds in Midwest whip up dust, blow over semitrailers
(DBN)

This is what greenwashing looks like for BlackRock
(DBN)

Biden pledges ‘whatever it takes’ to assist tornado victims
(DBN)

Workers Sue Mayfield Candle Factory
(DBN)

Goldman Sachs Unveils New Plan to Slash Its Financed Emissions
(DBN)

Wall Street Banks Face New Pressure to Cut Fossil-Fuel Financing
(DBN)

____________

UK:

Keeping the (light) Bulb on special energy administrations – what will happen next to Bulb ?
(DBN)

British surge seen as warning on omicron but responses vary
(DBN)

Queen Elizabeth cancels traditional pre-Christmas lunch as cases surge in England.
(DBN)

Payment Protection Insurance (PPI) after bankruptcy
(DBN)

City of London Workers Stay Home as Omicron Turns Off Commuters
(DBN)

U.K. Sees Possible New Hospitalization Peak in Omicron Swell
(DBN)

UK COVID cases hit record; Top doctor warns of worse to come
(DBN)

UK sets record one-day COVID-19 case tally at 88,376, most since the start of the pandemic
(DBN)

U.K. Businesses Warn Of Hit From Bank of England Rate Increase
(DBN)

U.K. Conservatives suffer shock by-election loss in another setback for Boris Johnson
(DBN)

____________

EU:

ECB ends pandemic-era bond purchases, prepares smooth transition • The European Central Bank moves to ease the end of pandemic-era stimulus.
(DBN)

Vaccine skeptics in Eastern Europe having change of heart
(DBN)

EU leaders urge booster shots, seek coordinated travel rules
(DBN)

European stocks slip as omicron concerns persist; autos, tech shed 1.7%
(DBN)

____________

Canada:

Population Growth Surges Back in Canada on Border Reopening
(DBN)

____________

Russia:

Ukraine calls for Russia sanctions, EU leaders push for Nord Stream 2 to be added to list
(DBN)

U.S. Pushes EU to Ready Russia Sanctions Hitting Energy, Banks
(DBN)

____________

Haiti:

Haitian gang releases 12 remaining kidnapped missionaries
(DBN)

____________

Italy:

In Italy’s Alps, Traditional Medicine Flourishes, as Does Covid
(DBN)

____________

China:

Evergrande Boss Leads $46 Billion in Lost Wealth for China’s Property Tycoons
(DBN)

US imposes sanctions against China over abuse of Uyghurs
(DBN)

____________

MENA:

The impact of the recent changes to UAE bankruptcy law on the construction industry
(DBN)

Afghanistan’s health care system on the brink of collapse • Only COVID-19 facility in Afghanistan's capital in crisis amid dire economic downturn: report
(DBN)

____________

Australia:

Australia’s treasurer says jobs growth shows rapid economic recovery is underway
(DBN)

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