December 7, 2021

The Daily Bankruptcy News

View prior editions: Click Here
View prior case summaries: Click Here
Search prior headlines: Click Here
Search prior case summaries: Click Here

Format For Mobile Device



Law:

Finally! Davis Polk announces special bonuses in addition to Cravath match Davis Polk Smashes Bonus Scale Again With Year-End Bonuses PLUS More Special Bonuses Davis Polk, Other Firms Top Cravath Scale with Special Bonus
(DBN)

Top 50 Biglaw Firm Comes Out Swinging With Year-End And Special Bonuses To Delight Hardworking Associates
(DBN)

Biglaw's 2021 Bonus Bonanza, Now With Special Bonuses!
(DBN)

Top 50 Biglaw Firm Floods The Market With Even More Cash Bonus Money
(DBN)

Another Biglaw Heavy Hitter Announces Bonuses -- Both Year-End And Special Bonuses!!!
(DBN)

Paul Weiss Jumps On The New Annual Bonus Bandwagon
(DBN)

Cravath Ditches Seniority-Only Partner Compensation Model
(DBN)

The Gender Gap For Appellate Lawyers
(DBN)

One Of The Best Firms To Work For Has Sweetened The Pot
(DBN)

Biglaw Job Offers WITHOUT Interviews?? What Hath The Hot Lateral Market Wrought?
(DBN)

The Lawyer Holiday Gift Guide: The Best Gifts For The Attorney In Your Life
(DBN)

Beloved Law School Professor Making Jeopardy Debut Tonight
(DBN)

See the bizarre list of banned words and phrases in Jeffrey Epstein's 'household manual' Ghislaine Maxwell’s handbook for Jeffrey Epstein’s Palm Beach mansion revealed by prosecutors Second Accuser, 'Kate,' Tells Jury That Ghislaine Maxwell Groomed Her for Jeffrey Epstein. Judge Instructs Jury She Isn't Her Victim Partners or Partners in Crime? Maxwell-Epstein Bond Is Key to Her Trial hislaine Maxwell bragged about being friends with Prince Andrew & Trump in front of Epstein victim, trial told
(DBN)

Michigan AG volunteers to investigate school's actions before mass shooting Prosecutors "haven't ruled out" charging school officials in Michigan shooting Locked-Up 'Sullen' Crumbley Family Showing No Remorse After School Shooting, Says Sheriff Here's What Prosecutors Must Prove to Convict Ethan Crumbley's Parents in Deadly Michigan School Shooting Police to question artist linked to building where parents of Michigan shooting suspect hid Michigan authorities execute search warrant at the home of the man accused of helping the alleged school gunman's parents
(DBN)

3 more missionaries kidnapped in Haiti have been released, U.S. religious group says
(DBN)

Over 280 migrant children to be reunited with their families
(DBN)

Trump draws attention with admission he 'fired Comey'
(DBN)

Mary Trump called Biden's attorney general an 'idiot' for not prosecuting Donald Trump over the Capitol riot
(DBN)

Former D.C. Guard official accuses Army generals of lying about Jan. 6 response Realtor who took a private jet to the Capitol riot says she plans to practice yoga, detox from alcohol, and lose 30 pounds in prison His hat gave him away. Fifth Missouri resident pleads guilty in U.S. Capitol riot case Illinois Brothers Plead Guilty to Illegally Entering the Capitol Building on Jan. 6 Jamie Raskin faced a year of grief and purpose after his son's death and the Capitol attack Pence's former top aide cooperating with Jan. 6 panel Did Epstein's Mother Get Former DOJ Lawyer Jeffery Clark Out Of Testifying To Jan. 6 Committee? How many newly elected officials and Congressional candidates were ‘involved’ in the Capitol riot?
(DBN)

Justice Department sues Texas over GOP-drawn voting maps Justice Department sues Texas over state redistricting maps, citing discrimination against Latinos
(DBN)

Jussie Smollett testifies at criminal trial Jussie Smollett testifies at his trial: ‘There was no hoax’ Jussie Smollett Testifies That He and Attacker in Alleged Hate Crime Hoax 'Did Some Drugs' and 'M---------- Together'
(DBN)

Ban on bump stocks prevails when 6th Circuit splits on government interpretation
(DBN)

Black man convicted by all-white jury in room with Confederate flags gets new trial, appeals court says
(DBN)

Justice Sotomayor Calls Out Fifth Circuit's 'Highly Questionable' Reversal in Qualified Immunity Case of Man Kicked and Punched by Louisiana Cops
(DBN)

An expert draws 7 lessons about US gun laws from the murder of Ahmaud Arbery and the Rittenhouse verdict
(DBN)

Indicted Rep. Fortenberry Says It's Cool Because Prosecutors Gave Him Permission To Lie To The FBI Actually
(DBN)

Sony Executive Fired After Allegedly Being Caught in PS5 Shirt Trying to Meet 15-Year-Old Boy in Pedophile Sting Video
(DBN)

'The Lady’s Mom Was Over There Screaming': N.J. Woman Allegedly Stabbed Infant Daughter to Death
(DBN)

Woman Accused of Gunning Down Innocent Man While Searching for Kidnapped Toddler Is Denied Bond
(DBN)

NY man arrested for allegedly threatening to attack LGBTQ+ groups, Pride
(DBN)

Homicide is a leading cause of death in pregnant people, a new study finds. Black women are at greatest risk.
(DBN)

Brutal, brazen crimes shake L.A., leaving city at a crossroads Anger and Alarm Rise Around Los Angeles After Rash of ‘Follow-Home Robberies’ and Jackie Avant Shooting Death
(DBN)

Man Beheads Pregnant Sister With a Sickle, Then Poses for a Selfie With Her Remains, Police Say
(DBN)

FBI Closes Last Emmett Till Investigation DOJ Closes Investigation into Whether Woman at the Center of the Emmett Till Lynching Recanted
(DBN)

______________

Judges:

Courts Disrupted: Pew Study Finds Pandemic Caused Courts To Revolutionize Their Operations, But Says More Needs To Be Done
(DBN)

White House Supreme Court Commission Backs Modest Changes
(DBN)

Man accused of harassing judge in trial of ex-officer charged in Daunte Wright's death
(DBN)

Ousted Iowa Workers’ Comp Judge Loses Retaliation, Tort Appeal
(DBN)

______________

Wall Street:

Dow futures jump more than 200 points, continuing rebound as investors reassess omicron risk Dow futures jump nearly 300 points as rebound from omicron worries continues
(DBN)

Billionaire investor Chris Sacca says day traders are begging him for bailouts — and reveals he bought the dip
(DBN)

More than 200 Chinese companies are at risk of being delisted in the U.S.
(DBN)

______________

Layoffs:

900 Better.com employees learn their jobs are being eliminated in a Zoom call Better.com CEO accused hundreds of the 900 people he laid off on Zoom of 'stealing' by working only 2 hours daily
(DBN)

______________

Healthcare:

Watsonville Community Hospital Enters Chapter 11 Filing as It Finalizes Stalking Horse Asset Purchase Agreement California hospital files for bankruptcy Watsonville Hospital corporation begins bankruptcy case
(DBN)

Medical experts are cautiously optimistic that omicron does not cause more severe disease, based on early reports out of South Africa
(DBN)

Omicron dashboard Coronavirus tally: U.S. daily average of cases jumps 28% and death toll hits 1-month high, while omicron fears wane
(DBN)

Who the pandemic’s next phase will hurt the most
(DBN)

December 6th COVID-19: 60% of US Population Fully Vaccinated
(DBN)

‘The picture is getting pretty dark’: NH hospitals buckle under weight of COVID surge
(DBN)

As covid persists, nurses are leaving staff jobs - and tripling their salaries as travelers
(DBN)

Next pandemic could be 'more contagious, or more lethal, or both,' vaccine co-creator warns
(DBN)

Trump came into contact with about 500 people from the day he tested positive for COVID-19 in late September 2020, report says Trump responds to report that he tested positive for COVID before debate, says 'Biden goes around coughing on people all over the place'
(DBN)

'Should I visit family?' 3 ways to protect against COVID-19 omicron variant during the holiday season
(DBN)

A new study finds that most COVID-19 boosters strengthen immunity, though there is no winning shot
(DBN)

Medics slam Rep. Matt Gaetz for saying COVID-19 is the best way to protect against getting COVID-19
(DBN)

'Hold the salt!' Blood pressure increased among middle-aged Americans during COVID-19 pandemic
(DBN)

U.S. announces $400M for global COVID vaccine distribution
(DBN)

Opioid treatment access would be expanded under House Democratic bill
(DBN)

Woman wins court battle over treating her husband's COVID-19 with ivermectin. That was just the beginning.
(DBN)

Man who contracted omicron, attended anime convention urges vaccination
(DBN)

____________


Economy:

Fed is widely seen backing a faster taper next week
(DBN)

Wells Fargo sees U.S. 2022 inflation, GDP around 4% - CIO
(DBN)

Americans’ Pandemic-Era ‘Excess Savings’ Are Dwindling for Many
(DBN)

Millions Retired: Now Needed Back at Work
(DBN)

The Great Resignation is Quickly Becoming The Great Revolt: 5 Actions Leaders Should Take Now
(DBN)

Goldman Sachs sees lower US GDP growth in 2022 on worries Omicron could threaten recovery
(DBN)

NYC to impose vaccine mandate on private employers
(DBN)

New York becomes the first major city to require kids to show proof of vaccination for indoor activities
(DBN)

Oregon Health Authority moves to implement 'permanent' indoor mask mandate
(DBN)

Ford delays return-to-work hybrid plan to March amid COVID uncertainty
(DBN)

Seven High Frequency Indicators for the Economy
(DBN)

A big part of America's supply chain is for sale
(DBN)

Should New York pay Plug Power hundreds of millions to create 68 jobs?
(DBN)

Senate revs up work on $2 trillion spending proposal
(DBN)

Virtually Everyone in This US City Has a Job The American City With The Most People Out Of Work
(DBN)

This Is the American Industry Cutting the Most Jobs
(DBN)

This Is the Country Where the Rich Are Taxed Most
(DBN)

Extreme Capitalism: Elon Musk’s imaginary world
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

As Forbearance Ends
(DBN)

Black Knight Mortgage Monitor for September: "More than 750K borrowers left forbearance plans over the past 45 days"
(DBN)

Housing Inventory December 6th Update: Inventory Down 6.5% Week-over-week
(DBN)

Biden targets cash for homes deals in anti-corruption drive
(DBN)

A Black couple says an appraiser lowballed them. So, they 'whitewashed' their home and say the value shot up.
(DBN)

____________

Oil/Gas:

Judge orders new bankruptcy auction for Limetree Bay refinery
(DBN)

Strike Enters Asset Purchase Agreement with Affiliates of American Industrial Partners
(DBN)

China Could Cause The Next Massive Crash In Oil Prices
(DBN)

$3 Trillion In Latin American Oil Assets Are At Serious Risk
(DBN)

Oil prices rally over 2% to start week as omicron fears ease
(DBN)

Oil rebounds towards $72 on Omicron hopes and Iran talks
(DBN)

A Record-Warm Winter Is Killing U.S. Natural Gas Prices
(DBN)

A fraught and rocky energy transition pathway
(DBN)

Toyota to build $1.3 billion battery plant near Greensboro
(DBN)

Saudi Aramco CEO warns of social unrest if new investment in fossil fuels ends too quickly
(DBN)

____________

Events:

Kennedy Center Honors gala returns for in-person celebration of the arts
(DBN)

____________

Sports:

No US official will attend Beijing Winter Olympics, White House announces
(DBN)

____________

Food/Beverage:

Colorado restaurant group is the latest to add surcharges to bills to offset inflation
(DBN)

____________

Cruise Lines:

Cruise ship with at least 17 coronavirus cases aboard docks in New Orleans
(DBN)

____________

Fraud:

Pro-Trump scam PAC operator, PPP fraudster sentenced to nearly 4 years in prison
(DBN)

US Billionaire Surrenders Stolen Antiquities
(DBN)

____________

Religion:

Committee for sex-abuse survivors seeks more money from Camden diocese
(DBN)

____________

Apparel:

US apparel brand Sean John files for Chapter 11 bankruptcy proceedings
(DBN)

____________

Utilities:

“People Should Probably Be Worried”: Texas Hasn’t Done Enough to Prevent Another Winter Blackout, Experts Say
(DBN)

____________

Insurance:

2 Louisiana insurance companies fail after Hurricane Ida
(DBN)

____________

Pharma:

Mallinckrodt bankruptcy judge shuts down insurers' antitrust claims
(DBN)

____________

Politics:

Trump inadvertently said people who believe his election-fraud theories are stupid
(DBN)

The nagging mystery of Trump's BS
(DBN)

David Perdue's wink-and-nod campaign on voter fraud
(DBN)

Sidney Powell’s Group Raked in Nearly $15 Million in Donations Off Election Lies
(DBN)

Seven days: Following Trump's reckless coronavirus trail
(DBN)

San Francisco restaurant flooded with one-star reviews after refusing to serve 3 cops because the owners objected to their guns
(DBN)

Biden to tout Build Back Better plan's aim to slash drug prices as Democrats push to pass bill before Christmas
(DBN)

Vulnerable Dems urge Congress to preempt 2022 Medicare cuts
(DBN)

DOJ sues Texas over new voting districts DOJ cites discrimination in lawsuit against Texas over voting districts Biden Admin Sues Texas Over Redistricting Maps that Aim to Cement White 'Anglo' Minority's Political Power for a Decade at the Expense of Black, Asian, and Latino Voters
(DBN)

White Supremacists Stage Bizarro Rally in Downtown D.C., Find Themselves Stranded
(DBN)

October COVID Death Rate In Reddest Tenth Of Nation Six Times Higher Than Bluest: Report
(DBN)

My red state is already pretending covid is gone. Now here comes omicron.
(DBN)

People Thirsty to Reverse Their Coronavirus Vaccination Love This Wacky ‘Treatment’
(DBN)

Bob Dole to lie in state at Capitol as nation honors senator
(DBN)

Meet the Sheriff Who Wants to Put Andrew Cuomo Behind Bars
(DBN)

Chris Cuomo is Lawyering Up
(DBN)

Devin Nunes to leave Congress to become Trump media company CEO
(DBN)

____________

 


New Bankruptcy Opinions
(5 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 (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)

______________

Bankruptcy Statistics:

November 2021 New Bankruptcy Filings Decline
(DBN)

______________

Miscellaneous:

Bankruptcy & Restructuring Litigation Update – November 2021
(DBN)

____________

Bankruptcy Strategy:

Protecting creditors' administrative claims in Chapter 11 bankruptcy cases
(DBN)

____________

Venue:

Purdue Bankruptcy Spurs Forum Shopper Pushback in N.Y., Congress
(DBN)

____________

Bankruptcy Rules:

You Have to Follow the Rules: The Importance of Adhering to Bankruptcy Rule 2002 When Serving Claims Bar Date Notices
(DBN)

____________

Aviation:

Stricter requirements take effect for inbound travelers to the U.S.
(DBN)

Airline stocks enjoy big, broad bounce after Fauci's encouraging comments on omicron variant
(DBN)

A Southwest Airlines passenger opened a galley door and jumped out of a plane while it was taxiing, authorities say
(DBN)

Elderly Jewish Couple Claims They Were Removed From American Airlines Flight Over Prayer Shawl
(DBN)

Embraer shares jump as unit gets orders for 60 electric aircraft
(DBN)

Aeromexico says bankruptcy court accepts financing commitment letters
(DBN)

____________

Shipping:

Moody's sees dip in global shipping earnings in 2022 but still robust
(DBN)

____________

Autos:

Lucid Motors tumbles 16% as electric vehicle maker receives SEC subpoena
(DBN)

Mexico auto output, exports fall again on semiconductor shortage
(DBN)

Tesla’s Streak of Declines Reaches Four Days
(DBN)

____________

Mass Torts:

Sackler family says billions collected from Purdue not abuse of bankruptcy law
(DBN)

J&J Talc Bankruptcy Case: Events Leading Up To Potential Dismissal Battle
(DBN)

A $10 Billion Question: Did Sacklers ‘Abuse’ Purdue Bankruptcy?
(DBN)

Indiana joins others in objecting to USA Gymnastics settlement plan
(DBN)

____________

Personal Finance:

The 5 key financial rules you should be following by your 30s to avoid financial problems
(DBN)

____________

Education:

Defiant California Parents Send Child With COVID To Elementary School, Trigger Outbreak
(DBN)

A Michigan teacher was suspended over claims of 'insensitive' comments. A parent said he told students how he would've carried out the Oxford school shooting differently.
(DBN)

What happens when conservative school boards gain power at districts around the country
(DBN)

A White teacher taught White students about White privilege. It cost him his job.
(DBN)

Will My Students Ever Know a World Without School Shootings?
(DBN)

____________

Crypto:

Bitcoin falls further after weekend rout wipes more than $400 billion from crypto markets Bitcoin extends decline after weekend flash crash
(DBN)

____________

Climate:

Stuck jet stream brings blowtorch December in Lower 48, frigid Alaska
(DBN)

U.S. oil CEOs stress need for fossil fuels despite push for cleaner energy
(DBN)

Climate crisis is about saving human race, not ‘the planet’
(DBN)

____________

Sovereigns:

Hopes for Argentina IMF Deal Grow; but at What Cost?
(DBN)

____________

EU:

IMF Says Euro Zone Should Keep Supporting Economy, High Inflation Is Temporary
(DBN)

____________

Canada:

Canadian employers, facing labor shortage, accommodate the unvaccinated
(DBN)

____________

Belgium:

Anti-lockdown riot erupts in Belgium as protests sweep Europe amid Covid Xmas fears – with 2.5million cases in one week
(DBN)

____________

China:

Bankruptcy in the Time of COVID-19: Special Measures Adopted by the People's Republic of China Courts During the Period of COVID-19 Prevention and Control
(DBN)

Evergrande moves toward restructuring; state swoops in to contain risk Evergrande set for restructuring, with no word on first formal default China Evergrande's snowballing debt crisis What's next for China Evergrande after missing coupon payments Evergrande's debt deadline passes as Kaisa adds to China's property crisis Developer China Evergrande's shares set to rise 6.6% as restructuring looms
(DBN)

China GDP to Slow, Will Become Inflation Exporter, Money Managers Say
(DBN)

____________

Argentina:

Argentina detects first Omicron case, health ministry says
(DBN)

____________

Mexico:

Tourists bask on a battlefield as drug gangs fight over Mexican resort town
(DBN)

____________

Japan:

Japanese police stop foreigners in 'suspected racial profiling incidents,' U.S. embassy in Tokyo warns
(DBN)

____________

France:

France to close nightclubs, extend mask use in schools amid Covid-19 surge

____________

Italy:

Unvaccinated Italians face new restrictions as holidays near
(DBN)

____________

Greece:

Recent reforms: effects of bankruptcy on contracts
(DBN)

____________

Hong Kong:

Introduction to Hong Kong winding-up regime
(DBN)

____________

Turkey:

Changes to the Enforcement and Bankruptcy Law under the 5th Judicial Reform Package
(DBN)

___________


The Daily Bankruptcy News is primarily a curated news link gathering service.   Most of the headlines contained in the publication are a collection of links to stories posted on the Internet by various third party publications.  Such content is owned by third party sources, not The Daily Bankruptcy News, and in some cases, these links change or expire, which means you may not be able to view some news stories in prior editions of the Daily Bankruptcy News. The DBN subptption fee is not a fee for access to the content of the links, but is a charge for the considerable work involved in gathering, organizing and presenting the links. Use of this site and The Daily Bankruptcy News is subject to our Terms of Use. If you received The Daily Bankruptcy News via email (and you have a paid subscription account), to view a news story, click on the headline, and the story should open in your web browser. To view additional stories, click back to the email and click on additional headlines, which will cause new stories to open in your web browser.  You can view the most recent edition of The Daily Bankruptcy News on the web at BKInformation.com.

Advertising
Advertising is available in The Daily Bankruptcy News. Click here for details  Feel free to contact us with any questions.

Passwords/Subscriptions
Access to certain links in The Daily Bankruptcy News is available only to readers holding a paid service subscription. These links are currently marked with a "DBN" notation. The cost of a subscription is $69.00/year, payable annually.  Volume discounts are available for sites with multiple users. Click here to see a schedule of discounts. Complimentary subscriptions are available for full-time educational and governmental employees and for full time students. For information about discounts or educational/governmental subscriptions, contact us by clicking here. A separate password is required for each member of a firm wishing access to restricted links.

New readers can receive a free password good for 30 days by clicking here. 30-day passwords are not available to readers who have previously had a password, even if the password was associated with a different email address used by the reader. Refunds are not available after purchase.

Readers who wish to change their passwords should click here. Readers who have forgotten their password should click here.

Adding Your Email Address To The Distribution List
If you would like to start receiving The Daily Bankruptcy News by email each day, click here, and fill in the information requested. There is no charge to be placed on the distribution list to receive the headlines, although access to many of the links behind the headlines requires a paid subscription (see above, under Passwords). If, after adding your email address to the distribution list, you do not receive an email confirming the addition, please contact us by clicking here for help.

Removing Your Email Address From The Distribution List
If you already receive The Daily Bankruptcy News by email and you wish to remove your email address from the distribution list, click here and send the email that should appear. You do not need to type anything in the body of the email message. Note that the email asking for removal must be sent from the same email address which is on our distribution list. If you do not receive an email confirming deletion of your email address from the distribution list, contact us by clicking here for help.

If receive the publication forwarded from an older email address, you will need to contact us as described below for help removing that older address from our distribution list.

Press Releases/News Tips
Please send press releases and news tips to admin@bkinformation.com

Contact Us
The Daily Bankruptcy News is published each business day by BKINFORMATION.COM, L.L.C. You can phone or text us at 281-402-3957. You can email us at accounting@bkinformation.com (email inquiries are usually answered substantially more quickly than phone inquiries). Our mailing address is 935 Eldridge Road, No. 350, Sugar Land, Texas 77478.

Copyright 2021