December 8, 2021

The Daily Bankruptcy News

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Law:

Biggest Firm In America Gives Associates A Big Bonus IOU
(DBN)

It's Officially Bonus Time At This Top 20 Biglaw Firm
(DBN)

Cravath Returns To The 2021 Bonus Scene To Put Its Seal Of Approval On Davis Polk Special Bonuses
(DBN)

Top 5 Firm Matches Bonus Scale
(DBN)

Biglaw Firm Announces Year-End Bonuses With Lots Of Extra Cash For High Billers
(DBN)

Top 50 Biglaw Firm Announces Their Own Year-End And Special Bonuses For Associates
(DBN)

Litigation Firm Once Again Beats The Market On Bonuses
(DBN)

Cravath Matches Davis Polk’s $23,000 Special Bonus Scale
(DBN)

Lockstep Pay on Its Last Limbs After Cravath’s ‘Historic’ Move
(DBN)

Female Lawyers Work 100 More Hours Per Year Than Their Male Counterparts; Young Lawyers Are The Most Unhappy
(DBN)

Innocence Fears Raised in High-Court Case Claiming Bad Lawyering
(DBN)

To Host or Not to Host a Company Holiday Party This Year?
(DBN)

Big Law Hiring Of Law School Graduates Has Nearly Doubled In Nine Years
(DBN)

Real estate lawyer will plead guilty in case accusing him of stealing millions in client escrow cash
(DBN)

Some BigLaw firms are offering jobs to experienced associates without conducting interviews
(DBN)

Doogie Howser, J.D.
(DBN)

Exam question wasn’t only offensive behavior of UIC law professor, according to internal investigation
(DBN)

The Appellate Gender Gap Is Even Worse In Civil Cases
(DBN)

In Defense Of Yale Law Dean Heather Gerken
(DBN)

Nielsen TV ratings exec faced ethics probe over affair with company lawyer
(DBN)

Trump Lawyer's Thoughts On People Who Say She's Crazy: 'I Don't Care'
(DBN)

Mom allegedly killed baby to fulfill 'the last of her sins', murder
(DBN)

Mark Meadows to halt cooperation with January 6 committee Jan. 6 panel threatens Meadows with contempt New York Man Busted by Failed Bumble Match Reaches Plea Deal for Storming the Capitol on Jan. 6 January 6 committee casts a wide net with over 100 subpoenas for phone records Roger Stone won't cooperate with Jan. 6 panel
(DBN)

Citing Ashley Biden's Privacy, Judge Refuses to Release Documents from Investigation into Project Veritas, James O'Keefe
(DBN)

Judge sets July trial date in Bannon case Bannon Lawyers Scream Witch Hunt At Three Ring Status Conference DOJ aims to block key Bannon defense strategy
(DBN)

Michigan AG 'disappointed' district declined offer to review school shooting Could others be charged, liable in Michigan school shooting? Prosecutor criticizes school over run-up to mass shooting Prosecutions of parents of school shooters are ‘almost unheard of’
(DBN)

Rittenhouse tells podcast host killings 'nothing to be congratulated about'
(DBN)

Third Maxwell accuser says Epstein abused her when she was 14 British woman testifies about grooming by Ghislaine Maxwell At Ghislaine Maxwell trial, a fight over huge cache of photos of naked or semi-naked women FBI's 2019 Raid on Jeffrey Epstein's Townhouse Looms Large During Week Two of Ghislaine Maxwell's Trial Epstein Victim Weeps at Maxwell Trial
(DBN)

Judge dismisses Rose McGowan lawsuit against Harvey Weinstein Rose McGowan's Lawsuit Against Harvey Weinstein Dismissed with Prejudice After Plaintiff Missed Deadline for Supplemental Briefing
(DBN)

The hideous legal obstacles facing DOJ’s new anti-gerrymandering lawsuit in Texas DOJ suit over redrawn voting districts in Texas ‘puts other states on notice’
(DBN)

Shadow of Floyd, Chauvin case hangs over Kim Potter’s trial
(DBN)

Smollett back on stand after calling hoax claim ’100% false’ Jussie Smollett Gets Punchy as He’s Grilled on the Stand Snarky Jussie Smollett scolds white prosecutor for repeating N-word while reading out texts he sent Jussie Smollett Got Totally Nailed in His Cross-Examination Jussie Smollett reveals CNN's Don Lemon warned him via text in 2019 that cops didn't believe his account of attack
(DBN)

Travis Scott seeking dismissal from Astroworld suits
(DBN)

What is the revived US policy on Mexico border? US reinstates remain-in-Mexico program to comply with court order, expands people affected 'Remain in Mexico' opens old wounds among immigration advocates
(DBN)

Apple AirTags being used by car thieves: What you need to know to protect yourself
(DBN)

This Is the American City With the Highest Divorce Rate
(DBN)

Sean Spicer Is Never Getting Back On The Naval Academy Board Of Visitors. PERIOD.
(DBN)

'Why Was It Still Operating?': Utah Daycare Shuttered After Police Executing Warrant for Child Porn Allegedly Find Meth
(DBN)

Baldwin says he never pulled trigger. Experts skeptical Alec Baldwin charges reporter
(DBN)

Lawyer Who Saved Roe v. Wade Said Abortion Rights Will End
(DBN)

Texas All but Outlaws Abortion Pills
(DBN)

New report hits DOJ over lack of police shooting data
(DBN)

Biden gets walloped by the courts
(DBN)

Conservatives prepare new push for constitutional convention
(DBN)

______________

Judges:

Trump considered withdrawing Kavanaugh nomination over beer comments, being 'too apologetic': Meadows book
(DBN)

Biden Supreme Court study panel unanimously approves final report Top Court Expansion Clamor Resumes as Biden Commission Wraps
(DBN)

Latinas head for the federal bench
(DBN)

Ninth Circuit Conservatives Use Muscle to Signal Supreme Court
(DBN)

______________

Wall Street:

Stocks are set to rally for a third day after Pfizer says 3 vaccine doses neutralize omicron U.S. stock futures point to modest gains after powerful start to the week
(DBN)

Stocks rally for a second day, Nasdaq jumps 3% as investors reassess omicron risk Dow surges more than 500 points as rebound from Omicron sell-off continues
(DBN)

______________

Layoffs:

CEO who fired 900 employees on Zoom got massive investment just days before Read the memo Better CEO Vishal Garg sent apologizing that he 'blundered the execution' of mass layoffs at the online mortgage startup Better.com execs resign from company after CEO's controversial mass layoffs over Zoom
(DBN)

How To Handle A Holiday Layoff (And How Companies Like Better.com Can Do Better)
(DBN)

______________

Student Debt:

Here are 5 Changes Student Loan Borrowers Could See in 2022
(DBN)

Biden should pause interest on student-loans even after payments resume in February, 14 senators say Biden must extend the student-loan payment pause given the uncertainty with Omicron, Chuck Schumer says: 'We're not getting out of this as quickly as we'd like'
(DBN)

Mom, 48, admits stealing her daughter’s identity to run up nearly $20K in student debt. She even posed as a student in her 20s to evade detection
(DBN)

Income Share Agreements Are Making More Sense
(DBN)

____________

Autos:

Warren knocks Hertz for stock buyback while rental rates rise Warren Criticizes Hertz $2B Stock Buyback Plan While Raising Prices 147%, Massive Executive Bonuses Elizabeth Warren Wants To Know How Hertz Went From Bankruptcy To Buybacks In Six Months
(DBN)

2016 Tesla Self Driving Video was Staged
(DBN)

Balloon Payments Making a Comeback in Auto Sector as Car Prices Keep Accelerating
(DBN)

____________

Politics:

Republicans Less Trusting of Doctor's Advice Than in the Past
(DBN)

Reporter who tweeted vaccine conspiracy theory out at Newsmax
(DBN)

Chris Cuomo's upcoming book has been pulled by HarperCollins
(DBN)

New York City poised to give voting rights to noncitizens
(DBN)

Meadows says Trump's blood oxygen level was dangerously low when he had COVID-19
(DBN)

Mark Meadows compares Trump telling Americans 'don't be afraid' of COVID-19 to Lincoln's Gettysburg Address
(DBN)

Anti-Trump group led by Bill Kristol hires lobbyists to push presidential power reform
(DBN)

Second Senate Democrat to back vote against Biden vaccine mandate Senate poised to pass resolution to nullify Biden vaccine mandate White House: Biden would veto GOP resolution to nix vaccine mandate
(DBN)

Biden bank regulator pick Saule Omarova withdraws after Senate fight over her background Biden's pick for bank watchdog pulls out after GOP accusations of communism
(DBN)

Charlottesville's Robert E. Lee statue to be melted down
(DBN)

Statue of Confederate general, KKK leader removed in Nashville
(DBN)

Trump war with GOP seeps into midterms
(DBN)

Nunes retirement move seen as sign of power shift in GOP
(DBN)

Abbott Blasts CRT, Calls Beto Campaign Evil
(DBN)

GOP Rep. Dan Crenshaw derides House Freedom Caucus: 'Grifters' and 'performance artists'
(DBN)

Who just gave Donald Trump $1 billion?
(DBN)

Progressives to file resolution to strip Boebert's committee seats Ocasio-Cortez: 'Embarrassment' that Boebert punishment is delayed
(DBN)

____________


Economy:

A huge study of 20 years of global wealth demolishes the myth of 'trickle-down' and shows the rich are taking most of the gains for themselves
(DBN)

Share of global wealth held by billionaires climbs during pandemic
(DBN)

Here's how much the world's wealthiest, middle class, and poorest make in a year
(DBN)

The Counties Where the Most People Live Below the Poverty Line
(DBN)

Almost half in new poll expect economy to get worse in next year
(DBN)

As Omicron Threat Looms, Inflation Limits Fed’s Room to Maneuver
(DBN)

This chart from Gundlach shows just how hot the U.S. economy is running
(DBN)

Gottlieb says omicron may extend pandemic, still sees 2022 as a ‘transition year’
(DBN)

Americans plan robust spending this holiday season, but worry about inflation
(DBN)

Europe's middle class has been strong for 2 decades while America's was squeezed by an 'explosion of debt,' report says
(DBN)

How making $300,000 in San Francisco can still mean you're living paycheck-to-paycheck
(DBN)

Here's how much the pandemic has been worth to the average American household
(DBN)

Elon Musk says there are 'not enough people' and that the falling birthrate could threaten human civilization Elon Musk says civilization will crumble if more people don't have more children — and his comments shine light on a heated demographic debate
(DBN)

Facing record labor shortages, trucking firms battle fiercely for drivers
(DBN)

Progressives in Congress are backing a bill for a 4-day work week
(DBN)

Elon Musk on Biden's infrastructure plan: 'just can this whole bill'
(DBN)

Elon Musk says he supports a controversial tax that many of his billionaire peers despise
(DBN)

More Americans living alone as milestones slip later in life
(DBN)

Judge halts Biden vaccine mandate for federal contractors nationwide
(DBN)

Baltimore paying vaccinated city workers $1,000
(DBN)

Democrats offer bill to raise debt ceiling, avoid filibuster Senate GOP predicts they'll have 10 votes for debt deal House passes agreement on deal to allow Democrats to address debt ceiling Schumer tees up key Thursday vote on debt deal
(DBN)

Manchin warns about inflation as Democrats pursue Biden spending bill
(DBN)

It shouldn't be this hard to grow old in America
(DBN)

Millions of children would be affected if the enhanced child tax credit ends
(DBN)

Trade Deficit Decreased to $67.1 Billion in October
(DBN)

Socialism, Capitalism Ratings in U.S. Unchanged
(DBN)

People Are Sharing What Their Job Is And How Much They Make
(DBN)

Meta tells staff they can defer their office return by three to five months
(DBN)

Why billionaire Ray Dalio thinks another economic disaster is coming — and how he recommends preparing for it
(DBN)

Class 8 Truck Order Plummet
(DBN)

Economic Freedom Of North America 2021
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

CoreLogic: House Prices up 18% YoY in October
(DBN)

Brief drop in mortgage rates causes sudden surge in refinancing
(DBN)

Leading Index for Commercial Real Estate "Declines in November"; Up Sharply Year-over-year
(DBN)

Rise in U.S. house prices to halve next year, affordability to worsen - Reuters poll
(DBN)

Mortgage Loans Are Plunging in This City
(DBN)

Where People From Florida Are Moving to the Most
(DBN)

This Is America's Best Housing Market for 2022
(DBN)

Lenders balk on home loans as prices for new houses outpace appraisals
(DBN)

____________

Oil/Gas:

Halliburton Sees World Headed for Oil Scarcity Amid Spending Cut
(DBN)

Exxon Employees Won't See Big Pay Raise Despite Jump In Profits
(DBN)

Oil Prices Bounce Back As Omicron Fears Fade
(DBN)

Biden approving oil, gas drilling permits on public lands at faster rate than Trump: analysis
(DBN)

Exporting gas means higher monthly energy bills for American families
(DBN)

EIA expects U.S. power use to rise 2% in 2021 as economy recovers
(DBN)

____________

Festivals:

Troubled Music Festival Hit With Lawsuit, Claiming Fyre Fest–Like Conditions Federal Lawsuit Complains of 'Unsafe' Infrastructure and Facilities 'Overflowing with Urine and Feces' at EDM Event Likened to Infamous Fyre Festival
(DBN)

____________

Climate:

State of emergency declared in Hawaii, forecasters warn of 'catastrophic' flooding
(DBN)

DeSantis proposes plan to fight rising seas without any 'left-wing stuff'
(DBN)

____________

Sports:

NBA: Unvaccinated players that travel to Canada won't be able to reenter US
(DBN)

Olympic officials: Omicron won’t cause postponement of Beijing Games, and fans could attend
(DBN)

Australia Diplomats to Boycott Olympics
(DBN)

___________

Tech:

Apple's Tim Cook signed $275 billion deal to placate China
(DBN)

Amazon Outage Disrupts System Nationally
(DBN)

____________

Crypto:

U.S. risks 'chilling' regulations on crypto, industry warns Congress
(DBN)

____________

Agribusiness:

Go big or go bankrupt: Wisconsin farmers face daunting challenges as factory farms flourish
(DBN)

____________

Mass Torts:

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

J&J Talc Lawsuits Transferred to NJ — A Look into the Texas Two-Step Maneuver
(DBN)

One Hudson Valley Boy Scout Camp Saved, One Sold, Amid Bankruptcy Concerns
(DBN)

____________

Corporate Governance:

Corporate Directors’ Exposure to Breach of Fiduciary Duty Claims
(DBN)

Treasury rules would crack down on anonymous shell companies Treasury wants to crack down on shell companies, corruption with new rule
(DBN)

Elon Musk: CEO is a ‘made-up title,’ so he’s Tesla’s ‘Technoking’ instead
(DBN)

____________

Telecoms:

Space X Engine Production Woes Could Screw Up Musk's Starlink Broadband Play
(DBN)

____________

Education:

Some Professional Degrees Leave Students With High Debt But Without High Salaries
(DBN)

Schools Are Closing Classrooms on Fridays. Parents Are Furious.
(DBN)

College admission applications spike as January deadline nears
(DBN)

Supreme Court poised to further open the door for taxpayer funding of religious schools
(DBN)

____________

Fraud:

Elizabeth Holmes denies misleading investors Elizabeth Holmes admits she gave journalist incorrect info for Theranos cover story
(DBN)

____________

Tax:

How Real Estate and Oil Tycoons Avoid Paying Taxes
(DBN)

A Couple Stored IRA Gold At Home. They Owe The IRS $300,000.
(DBN)

____________

Labor:

Kellogg to permanently replace striking workers as union rejects new contract
(DBN)

____________

Biofuels:

The Final Years of the Ethanol Mandate
(DBN)

____________

 


New Bankruptcy Opinions
(4 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (15 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (2 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 Commercial Chapter 11 Filings Drop 70 Percent from Previous Year, Total Filings Decrease 15 Percent
(DBN)

Colorado bankruptcies decline 26% in November from year ago
(DBN)

______________

Venue:

“Confessions” of a Forum Shopper – A Debtor’s View of Venue Choice
(DBN)

____________

Proofs of Claim:

A Primer on Proofs of Claim and Objections to Claims
(DBN)

____________

Mediation:

Mediator Ousted in Boy Scouts Bankruptcy; Deadline Extended Boy Scouts bankruptcy judge ousts mediator, questioning 'impartiality'
(DBN)

Retired Judge Pushed Out of Boy Scouts Bankruptcy Mediation
(WSJ)

Can State Law Place A Limitation On The Federal Arbitration Act? (Fast Auto v. Maldonado)
(DBN)

____________

Bankruptcy Funding:

Ch. 7 debtor can't block novel litigation funding deal, says appeals court
(DBN)

____________

Discovery:

Bankruptcy Litigation Practice Tip: The Pending Proceeding Rule
(DBN)

____________

Deadlines:

When Is That Answer Due? It Depends On What Court You Are In
(DBN)

____________

Turnover:

Suggested Pleadings for Turnover Requests
(DBN)

____________

Aviation:

New COVID testing rules for international air travel start: What you need to know
(DBN)

International air travel recovery faces Omicron turbulence
(DBN)

Southwest Airlines stock rallies after revenue outlook raised, fuel cost estimate cut
(DBN)

5G now means some flights won’t be able to land when pilots can’t see the runway
(DBN)

American CEO Parker becomes latest airline chief to exit
(DBN)

Airlines defend delays, cancellations amid scrutiny from Congress
(DBN)

HNA Group divests aviation unit to strategic investor in business break-up as bankruptcy reorganisation progresses China's HNA transfers airline management to Fangda Group
(DBN)

AirAsia X seeks investors, to restructure in 2022
(DBN)

Disgruntled neighbors and dwindling shorebirds jeopardize SpaceX expansion
(DBN)

_____________

Healthcare:

‘Stalking horse bidder’ submits preliminary offer to rescue bankrupt community hospital
(DBN)

Women earned $2 million less than men during 40-year careers as a doctor, a study finds
(DBN)

CDC: 60% of U.S. is fully vaccinated
(DBN)

Experts fear a bad flu season on top of COVID
(DBN)

NYC anime convention may offer 'earliest looks' at Omicron spread in US, CDC director says
(DBN)

Michigan sets hospitalization record, leads nation in new coronavirus cases per capita Michigan doctor begs for more help as state tops covid hospitalization peak
(DBN)

Six States Have Over Half of All Covid Hospitalizations
(DBN)

Omicron: We're getting (some) answers
(DBN)

Pfizer says booster appears to provide strong protection against omicron
(DBN)

New COVID-19 cases and deaths keep climbing, as early tests show vaccines are less effective against omicron
(DBN)

Pharmacies slammed with COVID-19 vaccine demand
(DBN)

‘It’s a sore spot for a lot of people’: Why officials are raising questions about Biden’s vaccine donations
(DBN)

The pandemic weighs heavy on the minds of Gen Z
(DBN)

Omicron v. delta: Battle of coronavirus mutants is critical
(DBN)

Fauci: Omicron appears to be less severe
(DBN)

Pfizer CEO says omicron appears milder but could lead to more mutations
(DBN)

Omicron has spread to more than 50 countries and 19 U.S. states, CDC says
(DBN)

Omicron threat may be countered with extra dose of Covid vaccine
(DBN)

COVID-19 Hit This County Hard. A Weakened Health Department Still Can’t Get People Vaccinated.
(DBN)

State rep proposes unvaccinated in Illinois pay out of pocket for coronavirus care
(DBN)

Poll: Half of voters for tightened restrictions if COVID-19 hospitalizations rise in their area
(DBN)

The world’s oldest country is seeing less than one COVID-19 death a day
(DBN)

On the web and on the streets, Covid protests get nasty
(DBN)

____________

Retailing:

With omicron landing in the US, do retailers actually need the vaccine mandate?
(DBN)

Millions of dollars of stolen goods recovered in ‘organized retail crime’ bust, AG says
(DBN)

Amazon packages pile up after AWS outage spawns delivery havoc
(DBN)

____________

Newspapers:

Over 200 papers quietly sue Big Tech
(DBN)

____________

Sovereigns:

Argentina’s Losing Streak In U.S. Court Alive And Well
(DBN)

____________

UK:

Restructuring Foreign Companies in England Using a Restructuring Plan
(DBN)

Tighter Covid restrictions could reportedly be announced for England as omicron spreads
(DBN)

Boris Johnson Faces Tory Fury Again, This Time Over a Lockdown Party
(DBN)

____________

MENA:

Desperation drives thousands of Afghans a day across borders
(DBN)

British whistleblower details ‘chaotic’ and ‘dysfunctional’ Afghanistan evacuation that ignored pleas of thousands
(DBN)

____________

Ukraine:

Biden administration eying evacuation options for US citizens in Ukraine if Russia invades: report Biden warns Putin on call against Ukraine invasion Ukraine warns of a 'bloody massacre' and five million refugees fleeing into Europe if Russia invades
(DBN)

____________

China:

Insolvency petition against real estate conglomerate ready - International creditor and DMSA seek co-venturers filing for insolvency too
(DBN)

China Evergrande’s snowballing debt crisis
(DBN)

Evergrande's debt deadline passes as Kaisa adds to China's property crisis
(DBN)

Kaisa Creditors Offer Forbearance to Avoid Bond Default
(DBN)

China's middle class is starting to look a lot like America's, and that's not a good thing
(DBN)

____________

Germany:

Man killed family, then self, over faked vaccine pass -German prosecutor
(DBN)

____________

Norway:

Norway caps indoor gatherings
(DBN)

____________

India:

Insolvency Law In Review – October 2021
(DBN)

Till September, 421 cases resolved under insolvency law; 1,149 cases went for liquidation: Govt
(DBN)

____________

Malaysia:

More than 11,000 declared bankrupt since pandemic began
(DBN)

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