December 21, 2021

The Daily Bankruptcy News

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Law:

Judge slams Davis Wright for failing to mention settled, adverse caselaw, orders $40K in sanctions
(DBN)

Quinn Emanuel Says Lawyers Can Work From Home Indefinitely Quinn Emanuel Will Allow Lawyers To Work Remotely, Indefinitely, From Anywhere In The Country This BigLaw firm is the first to allow its lawyers to work from home indefinitely
(DBN)

Sidley Bans The Unvaccinated From The Office
(DBN)

Two Big Law Firms Extend Work From Home Amid Omicron Spread
(DBN)

National Firm Not Matching Davis Polk Scale
(DBN)

Special Bonuses? No Problem! This Firm Can Handle Market Comp With Ease
(DBN)

Firm Brought In Record-Breaking Revenue, But Left Associates Disappointed By Bonuses
(DBN)

Kramer Levin lawyers are sanctioned for ‘vitriolic and unsubstantiated’ anti-Semitism claims
(DBN)

In 2021, we were all Zoom cat lawyer
(DBN)

2 law schools found to be out compliance with ABA’s bar passage standard
(DBN)

Former legal chief at Farmers Insurance awarded $150M in punitive damages in firing suit
(DBN)

Wanna Be Taught By The Best? Check Out This Law School
(DBN)

The Best Law Schools For Women (2022)
(DBN)

ATL Holiday Card Contest: The Finalists! (2021)
(DBN)

Florida Supreme Court Doubles Down On Rule Banning Quotas In Forming CLE Panels 'Quotas Are Divisive': Florida Supreme Court Bans Diversity Initiatives in Continuing Legal Education
(DBN)

Trump turns to small N.J. law firm for latest lawsuits
(DBN)

After Benchslap, Court Stays Ruling Granting Trump Tax Returns To House Committee Pending Appeal
(DBN)

Trump sues NY Attorney General Letitia James to block company probe Trump files lawsuit accusing New York's attorney general of trying to 'harass' him with investigations Trump's 'Attempted Collateral Attack' Sets Stage for Blockbuster Lawsuit Between Trump Organization and N.Y. Attorney General
(DBN)

Meadows contempt vote poses thorny questions for DOJ The smoking gun in the Mark Meadows' texts Kinzinger says Jan. 6 panel examining whether Trump acted criminally Alex Jones sues Jan. 6 committee, indicates plan to plead the Fifth Jan. 6 panel seeks info from GOP Rep. Perry Jan. 6 rioter gets nearly 4 years in prison for assaulting cop Alex Jones sues Jan. 6 select committee Capitol Riot Panel Asks to Question First Lawmaker in Probe
(DBN)

Pro-Trump California Man Who Threatened Brian Stelter, Don Lemon, and Others After Biden’s 2020 Win Is Sentenced to Prison
(DBN)

Chuck Schumer vows to 'keep fighting' to pass Biden's agenda after Manchin tanked its passage: 'We simply cannot give up'
(DBN)

Closing arguments begin in trial of officer who fatally shot Daunte Wright Here are the charges that Kimberly Potter faces Kim Potter Endangered Not Only Daunte Wright, But Also Her Fellow Officers During Fatal Shooting: Prosecutor 'That's the Cause': Kim Potter's Attorney Blames Daunte Wright for His Own Death
(DBN)

Maxwell Jurors to Hear Closing Arguments in Sex-Abuse Trial Prosecution gives scathing closing argument in Ghislaine Maxwell trial Ghislaine Maxwell was ‘a sophisticated predator,’ a prosecutor says Epstein Kept Secrets From Ghislaine Maxwell, Defense Says in Trial Closing Ghislaine Maxwell's Defense Team Picks Apart 'Lapses of Memory,' as Prosecutors Ridicule the Argument Accusers Are 'All Liars'' It Is Time to Hold Her Accountable': In Closing Argument, Prosecutor Tells Jurors to Convict Ghislaine Maxwell of Sex Trafficking Jeffrey Epstein Flight Logs, Showing Detailed Passenger Lists, Entered into Evidence at Ghislaine Maxwell Trial
(DBN)

A Plan Forms in Mexico: Help Americans Get Abortions
(DBN)

Foreign-born population soars to new record under Biden; highest rate of immigrants since 1910
(DBN)

Trump’s Big Border Wall Is Now a Pile of Rusting Steel
(DBN)

Satanic Temple Holiday Display to Be Installed at Illinois State Capitol Building
(DBN)

'I Just Got Frustrated and Started Shaking Her': Dad Allegedly Murdered Infant Girl Because She Was 'Crying for the Longest Time'
(DBN)

Florida Mom Who Researched 'Alligator Ponds' and Highways with 'Huge Cliffs' Gets Life in Prison for Killing 11-Year-Old Daughter
(DBN)

Texas Man Indicted Because He Allegedly Murdered People as 'Sacrifices'
(DBN)

______________

Judges:

6th Circuit reinstates workplace vaccine mandate, says OSHA authority isn’t limited to hard hats, goggles Sixth Circuit Brutally Roasts Fifth Circuit So Bad It Should Be An OSHA Violation
(DBN)

Businesses, Republican states ask Supreme Court to halt Biden vaccine and testing mandate Justice Kavanaugh Receives Flurry of Requests for Supreme Court to Block Biden's Employer Vaccine Mandate
(DBN)

______________

Wall Street:

Stock futures rebound after three-day rout due to omicron fears, Dow futures gain 320 points
(DBN)

Stocks slide to start the week as omicron fears intensify, Dow falls 430 points
(DBN)

Wall Street predicts expensive, bumpy 2022
(DBN)

______________

Cruise Lines:

Carnival’s near-term cruise bookings under pressure on Omicron concerns
(DBN)

Carnival Results Miss Estimates as Covid Weighs on Cruise Industry
(DBN)

Royal Caribbean Ship Reaches Miami After Covid Outbreak
(DBN)

48 test positive for Covid on world's biggest cruise ship
(DBN)

____________

Climate:

New Biden rule reducing climate emissions from cars and SUVs reverses major Trump rollback
(DBN)

Manchin may have doomed American climate policy How the Biden climate agenda could be rescued after Manchin stunner
(DBN)

Biden's big climate goal faces challenge with federal workforce
(DBN)

Drought-denting rains, feet of mountain snow to plaster West Coast
(DBN)

U.S. Solar Stocks Decline After Biden’s Climate Plan Fizzles
(DBN)

Coal-fired power generation on track to hit all-time high this year, IEA says
(DBN)

Himalayan glaciers are melting at an extraordinary rate, research finds
(DBN)

____________

Sports:

COVID is wreaking havoc in the sports world again
(DBN)

NHL pauses season through Christmas due to COVID surge
(DBN)

Covid could turn NBA's Christmas showcase into a dud
(DBN)

____________

Autos:

Tesla Loses All the Gains From 35% Rally Stoked by Hertz Electric Vehicle Deal
(DBN)

____________

Religion:

Archdiocese battles to raise enough money to settle with abuse victims
(DBN)

RC Church Considers Bankruptcy Protection Toward Settling Abuse Claims Archbishop in Newfoundland and Labrador warns of financial woes due to abuse claims
(DBN)

Utah’s Richest Native Rips Mormon Church in Letter Announcing His Resignation as Member
(DBN)

Lawyer for Mount Cahsel victims working with insolvency specialist as archdiocese considers creditor protection
(DBN)

American ex-priest in East Timor found guilty of sex abuse
(DBN)

____________

Healthcare:

Europe gives US gloomy portrait of what's to come with omicron
(DBN)

ER doctors say this COVID-19 wave is forcing them to deny treatment to other patients who can die as a result: 'Every shift I'm working these days is like the worst shift in my career'
(DBN)

At least 52 Texas hospitals were out of ICU beds last week
(DBN)

CDC: Omicron accounted for 73% of recent COVID-19 cases Omicron Surges to Nearly Three Quarters of U.S. Virus Cases
(DBN)

US official: There will be "stark difference" between vaccinated and unvaccinated people's Omicron experience
(DBN)

Covid-19 Rationing of Hospital Care Ends in Hard-Pressed Idaho
(DBN)

Why omicron could bring the deadliest phase in the pandemic yet
(DBN)

Collins warns 1 million COVID-19 infections per day possible in US
(DBN)

Andy Slavitt: 'It's going to be a surge like we haven't seen before'
(DBN)

Top health expert says there's 'no indication' omicron causes more severe COVID-19
(DBN)

‘It is embarrassing’: CDC struggles to track Covid cases as Omicron looms
(DBN)

GOP lawmakers back Navy service members' lawsuit over vaccine mandate
(DBN)

The unvaccinated and their impact on the health care system
(DBN)

NYC Closed Testing Sites Before Omicron Surge Due to Demand Drop
(DBN)

Biden to pledge 500M free COVID-19 tests to counter omicron
(DBN)

America once again faces COVID test shortages
(DBN)

U.S. will deploy troops to help hospitals during omicron wave, distribute free Covid tests starting in January
(DBN)

WHO urges holiday caution: ‘An event canceled is better than a life canceled’ What to do about Omicron over the holidays
(DBN)

____________


Economy:

Biden to add 20,000 guest-worker visas amid labor shortages
(DBN)

For the Fed, taming inflation has risks
(DBN)

Fewer Americans saying coronavirus situation is improving: Gallup
(DBN)

With Christmas in the balance, nations eye UK omicron surge
(DBN)

U.S. motor vehicle travel rose by 7.1% in October over 2020 levels
(DBN)

Omicron uncertainty prompts WEF to delay Davos summit to mid-2022
(DBN)

Employers Should ‘Have a Plan’ for Coming Covid-19 Inspections
(DBN)

DC to reimpose indoor mask mandate after COVID infections rise
(DBN)

Companies Get Covid-19 Vaccine Mandate Reprieve as Legal Battle Continues
(WSJ)

Bank of America Tells NYC Staff They Can Work From Home Over Holiday Weeks
(DBN)

Omicron Cancellations Starting to Pile Up: Here’s a Short List
(DBN)

Gen Z was hit hardest by the pandemic
(DBN)

Sen. Joe Manchin told colleagues he believes parents will use child tax credits to buy drugs and people will abuse paid leave to go hunting, report says
(DBN)

Here’s What Families Are Actually Using the Child Tax Credit to Pay For
(DBN)

Joe Manchin demands that only parents working and making less than $200,000 get the full child tax credit — otherwise he'll tank it
(DBN)

Manchin Outlines Tax, Policy Changes He’d Want in Biden Bill
(DBN)

Goldman Sachs says Joe Manchin's rejection of Biden's $2 trillion spending plan is bad for the US economy Joe Manchin is costing the US economy $60 billion by tanking Build Back Better, Goldman Sachs says
(DBN)

Biden’s Promise of More Equal U.S. Takes Hit With Spending Plan
(DBN)

Coal Miners Urge Manchin to Rethink Opposition to Spending Bill
(DBN)

Global Goods Trade Hits Covid Bumps as Risks Tilt to Downside
(DBN)

Inflation Crashes the Holidays, Shrinking Menus and Spoiling Traditions
(DBN)

LA Area Port Traffic: Disappointing Traffic in November
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

U.S. home sales to rise 7.1% in 2021, fall next two years - Fannie Mae
(DBN)

Unfair and Unpaid: A Property Tax Money Machine Crushes Families
(DBN)

Bankruptcy Court Ruling Secures $93M in Additional Coverage for Refinery Owners
(DBN)

MBA Survey: "Share of Mortgage Loans in Forbearance Decreases to 1.67%"
(DBN)

"Mortgage Rates Moderately Higher"
(DBN)

Supply Chain Disruptions and Housing Inventory
(DBN)

Lumber prices have spiked 95% in 5 weeks as supply issues arise following Canadian floods while demand stays strong
(DBN)

Home flipping is getting more competitive – and less profitable
(DBN)

The Great Home Price Bubble
(DBN)

____________

Municipalities:

Former Puerto Rico Education Secretary Is Sentenced to Prison
(DBN)

____________

Oil/Gas:

ION Geophysical Corporation: Pre-Packaged Bankruptcy Likely After Missed Debt Payments
(DBN)

EPA, St. Croix Energy at odds over potential restart St. Croix Energy Objects as West Indies Petroleum Declared Winner of Limetree Auction
(DBN)

Omicron and Manchin Fallout have Oil Prices Plummeting
(DBN)

Oil Prices Slide as Rapid Omicron Spread Dims Fuel Demand Outlook
(DBN)

Robots Are Taking Over Oil Rigs
(DBN)

Oil Prices Crash On Renewed Omicron Panic
(DBN)

____________

Live Performances:

No ‘Hamilton’ Until After Christmas, as Virus Upends the Performing Arts
(DBN)

____________

Retailing:

ABC Carpet customers are fuming over undelivered goods
(DBN)

Nordstrom reportedly hires AlixPartners to review possible Rack spinoff
(DBN)

Amazon drivers sought safety at warehouse as tornado hit but found only death and destruction
(DBN)

____________

Fraud:

Nikola to pay $125 million to settle fraud charges as SEC cracks down on SPAC claims
(DBN)

Why Elizabeth Holmes’ trial hinges on intent
(DBN)

____________

Autos:

Furious Customers Are Suing Hertz for $529,675,000. Here's the Lesson Every CEO Should Learn
(DBN)

Toyota to Halt Production at 5 Plants in Jan.
(DBN)

____________

Nursing Homes:

Feeling powerless, families bring elderly home in pandemic
(DBN)

____________

Celebs:

Britney Spears’ father Jamie wants pop star to continue paying his legal fees Britney Spears’ Lawyer Drags Her Father After He Asked that She Cover His Legal Fees
(DBN)

____________

Private Equity:

Private Equity’s Lumps of Coal for Miners—And Supermarkets, Newspapers, and Nursing Homes
(DBN)

____________

Student Debt:

Black Wealth Could Get 40% Boost if Biden Heeds Calls to Cancel Student Debt
(DBN)

____________

Politics:

Rumors swirl that Manchin could defect from the Democratic Party after he sank Biden's Build Back Better spending plan Manchin undercuts Biden, leaving his agenda in limbo Manchin hits back at White House pressure on Biden plan White House incivility is what 'lost' Joe Manchin What Joe Manchin doesn't like about Build Back Better Senate to vote on Biden’s social spending plan despite Manchin’s opposition White House Calls Out Manchin for ‘Inexplicable Reversal’ on Build Back Better The Squad’s fears about the Build Back Better Act were right Democrats descend into finger pointing after Build Back Better implodes Senate to Vote Early Next Year on Biden Agenda, Schumer Says Manchin to Dems: Redo the whole thing, maybe I'll vote for it How 14 policies could survive — or die — after Manchin’s ‘no’ Democrats try to ‘build back’ after Manchin tanks $2T bill Democrats Wrestle With Where to Cut Wish List to Satisfy Joe Manchin
(DBN)

Joe Manchin made a big $1.8 trillion pitch to Biden that excludes monthly child tax credit checks to families
(DBN)

Miners Union Urges Manchin to Vote for BBB
(DBN)

Progressives Want Biden Executive Actions on Social Spending
(DBN)

Biden Taps Billionaire Campaign Donors for Ambassador Posts
(DBN)

Trump says he received a vaccine booster shot MAGA Fans Boo Trump After He Reveals He Got Vax Booster
(DBN)

Have to be Vaxxed to Work at Fox News in 2022
(DBN)

Marjorie Taylor Greene Falsely Claims New York Passed Bill to Forcibly Vaccinate People
(DBN)

Millions of Angry, Armed Americans Stand Ready to Seize Power If Trump Loses in 2024
(DBN)

Pentagon updates rules to combat rising extremism
(DBN)

Why is the Right in the US So Angry?
(DBN)

Biden approval rating at historic low in NPR/PBS NewsHour/Marist poll
(DBN)

Democratic Rep. Albio Sires won't run for reelection in New Jersey: report
(DBN)

Key centrist Democrat Stephanie Murphy won't seek reelection
(DBN)

Democratic retirements spark worry over holding House majority
(DBN)

Maryland governor tests positive for covid-19
(DBN)

DeSantis Awkwardly Dodges When Maria Bartiromo Asks If He Got a Booster Shot: ‘I’ve Done Whatever I Did, The Normal Shot’
(DBN)

Almost 50 in GOP Back SEAL Vax Lawsuit
(DBN)

Pentagon issues rules aimed at stopping rise of extremism
(DBN)

____________

 


New Bankruptcy Opinions
(2 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (4 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (9 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)

______________

Non-Debtor Releases:

Purdue Pharma's ripple effect on bankruptcies
(DBN)

Purdue Plan Rejection Sets Stage for Liability Release Clarity
(DBN)

Sackler Family Fails in End Run around Justice
(DBN)

After ‘startling rebuke’ of multibillion-dollar bankruptcy settlement, ‘these Sacklers don’t deserve a pass — again’
(DBN)

SDNY Rejects Third-Party Releases in Purdue Pharma Bankruptcy Appeal
(DBN)

____________

Equity:

Oh, and Section 105, as well—Limitations on the Bankruptcy Court’s Equitable Powers
(DBN)

____________

Bankruptcy Rules:

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

____________

Aviation:

The Covid surge is putting many Americans on edge about traveling.
(DBN)

Aeromexico creditor opposes bankruptcy restructuring plan
(DBN)

Invictus Global Management Sends Letter to Delta Airlines’ Board of Directors Regarding Apparent Conflicts, Disclosure Issues and ESG Lapses in Aeroméxico Bankruptcy
(DBN)

Nordic Aviation Capital seals US Chapter 11 deal with lenders Nordic Aviation Capital’s Largest Creditors To Take Control Of Lessor Following Chapter 11 Bankruptcy Lessor Nordic Aviation Capital Files For Chapter 11 Bankruptcy Debt-laden airplane leasing giant has bankruptcy stopover in Richmond Nordic Aviation files for Chapter 11
(DBN)

How air travel compares to two years ago
(DBN)

Mask-wearing on planes may be here to stay, Fauci says
(DBN)

HNA units under investigation linked to embezzlement: sources
(DBN)

Indonesia stock exchange warns it may delist airline Garuda
(DBN)

____________

Mass Torts:

Sackler ruling could delay Purdue's payment of billions by years
(DBN)

AG Nessel: Five investigations looking into Boy Scouts of America claims
(DBN)

____________

Tax:

The ‘Cowboy Cocktail’: How Wyoming became one of the world’s top tax havens
(DBN)

____________

Corporate Governance:

Founder-CEOs stop adding value 3 years after IPO, research suggests
(DBN)

____________

Labor:

Starbucks says it will negotiate with workers in Buffalo, New York, union
(DBN)

____________

Education:

School Closings Surge as Omicron Spreads Across the U.S.
(DBN)

Are Schools Ready for the Next Big Surge?
(DBN)

____________

Food/Beverage:

A Papa John's restaurant manager says he was fired after 13 years with the company for closing 3 hours early amid ongoing hiring and retention challenges
(DBN)

The $1 Pizza Slice Becomes Inflation’s Latest Victim
(DBN)

____________

Agribusiness:

U.S. overpaid corn farmers $3 billion in Trump trade aid, GAO finds
(DBN)

____________

UK:

Crackdown on directors who fold firms to rip-off creditors
(DBN)

Insolvency faces new regulator and crackdown
(DBN)

Independent watchdog to oversee UK insolvency sector
(DBN)

UK company insolvencies hit new pandemic highs in November
(DBN)

Britain's omicron cases soar as new lockdown party allegations at Boris Johnson's residence come to light
(DBN)

U.K. Holds Off Pre-Christmas Virus Curbs With Eye on Economy
(DBN)


Boris Johnson has gone from life of the party to liability
(DBN)

Johnson Holds Off on Extra Virus Restrictions Amid Omicron Surge Boris Johnson puts off decision on fresh coronavirus curbs
(DBN)

London Covid Hospitalizations Rise Amid Restrictions Speculation
(DBN)

U.K. Firms Brace for a Great British Resignation in 2022
(DBN)

London Christmas Shopping Takes Major Hit as Omicron Spreads
(DBN)

U.K. Households Face £18 Billion Increase in Energy Bills
(DBN)

U.K. Debt Costs See Fastest Spike Since 2010 as Inflation Bites
(DBN)

____________

EU:

Winter infections soar on the continent as Belgium rages with anti-lockdown riots
(DBN)

Greece Warns Europeans Face a $395 Billion Hike in Energy Bills Next Year
(DBN)

Power Surges to Record as Europe Scrambles to Keep Lights on
(DBN)

____________

Canada:

'You're going to see a wave of bankruptcies': Ontario Chamber calls for business subsidies in face of new restrictions
(DBN)

Tomavo Closes Final Stores As Creditor Protection Case Continues
(DBN)

____________

Spain:

The Council of Ministers gives the green light this Tuesday to the bill to reform the Bankruptcy Law
(DBN)

Catalonia Set to Impose Curfew With Omicron Spreading in Spain
(DBN)

____________

China:

China moves to contain property defaults
(DBN)

2 cities in China have repossessed land owned by Evergrande amid scrutiny over assets of the debt-laden developer
(DBN)

Chinese Developer Kaisa Follows Evergrande Into Restructuring Talks
(WSJ)

M&As seen as solution to troubled properties
(DBN)

____________

Haiti:

U.S. missionaries kidnapped by Haitian gang escaped captivity, Christian aid group says
(DBN)

____________

MENA:

Israel bans travel to the United States, other countries amid omicron fears
(DBN)

Dubai Ruler Must Pay Princess £554 Million in Royal Divorce Case
(DBN)

____________

Germany:

Germany Plans to Impose Tighter Contact Curbs to Confront Omicron
(DBN)

German Economy May Shrink This Quarter on Covid, Bundesbank Says
(DBN)

____________

Cayman:

Cayman court rules on the test of insolvency for receivership of a segregated portfolio of an SPC
(DBN)

____________

Poland:

The number of consumer bankruptcies up by 47.9%
(DBN)

____________

France:

French mining group Eramet reports financial fraud
(DBN)

France is Planning No New Covid Restrictions for Now
(DBN)

____________

New Zealand:

New Zealand Delays Reopening on Omicron
(DBN)

____________

Iceland:

Iceland Tightens Covid Curbs Amid Surge in Cases
(DBN)

____________

Thailand:

Thailand Halts Quarantine-Free Entry as Omicron Tops Tourism
(DBN)


____________


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