ar December 9, 2021

The Daily Bankruptcy News

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Law:

Life's Good At The Top Of Biglaw: Another Firm Announces Massive Year-End And Special Bonuses
(DBN)

Davis Polk: Biglaw's New Compensation Champion
(DBN)

The First Magic Circle Firm To Make Bonuses Magically Appear For Associates
(DBN)

Circle Up For This Bonus Announcement, It's Magical
(DBN)

Biglaw Firm Awards Special Bonuses And Expands Bonus Pool For Extra Valuable Associates
(DBN)

Biglaw Firm Hands Out Big Bonus Bucks To Associates -- And Counsel Too
(DBN)

Top Ranked Biglaw Firm Hands Out Market Bonuses -- But Only For Some Associates
(DBN)

Sidley Names New Bankruptcy Partner
(DBN)

Law Firm Steals Future Unused Vacation Pay By *Generously* Offering Unlimited Vacation!!!
(DBN)

Biglaw Holiday Party Turns Into COVID Outbreak
(DBN)

Big Law Says Goodbye to Five-Day In-Office Work Weeks
(DBN)

Cravath, first to announce year-end bonuses, is among the firms matching Davis Polk’s special bonuses
(DBN)

7th Circuit reprimands lawyer for skipping oral arguments, relying on opposing counsel
(DBN)

If trends persist, there won’t be gender parity among lawyers arguing at 7th Circuit until 2059
(DBN)

Jan. 6 committee to start contempt proceedings against Meadows Some Jan. 6 Rioters May Use Police Brutality as a Defense Jan. 6 Rally Planner to Tell House Panel He Played No Role in Violence Mark Meadows turned over a 38-page PowerPoint called 'Options for 6 JAN' to the Capitol riot committee New info from Meadows gives the Justice Department a reason to consider criminal conduct: legal expert Ex-Trump Chief of Staff Meadows Faces Contempt Proceedings Over Jan. 6 Probe Nancy Pelosi say she will "never forgive" Trump for insurrection Meadows Knew About the Plan to Subvert the Election Meadows Sues Pelosi and Jan. 6 Commission
(DBN)

Witness alleges that Ghislaine Maxwell groped her, booked her for Epstein Ghislaine Maxwell gives Epstein foot massage in never-before-seen pics Ghislaine Maxwell's trial enters eighth day, testimony of fourth victim expected soon Prosecution is Fumbling the Maxwell Case Maxwell Prosecutors Point to Money as Motive for Sex Trafficking
(DBN)

Lawyer: Case against Smollett based on testimony of ‘liars’ Trial of Actor Jussie Smollett, Accused of Faking Hate Crime, Goes to Jury
(DBN)

'It's just crazy': 12 major cities hit all-time homicide records
(DBN)

Cartels Are Hiring Kids to Be Hitmen
(DBN)

Cops Can Cancel Their Kickboxing Membership After This 5th Circuit Ruling
(DBN)

Supreme Court to decide whether states can refuse to pay for religious education Conservative justices scoff at Maine’s exclusion of religious schools from tuition-assistance program
(DBN)

California plans to be abortion sanctuary if Roe overturned
(DBN)

Man charged after Christmas tree outside Fox News building set on fire, police say
(DBN)

Mississippi inmate reveals location of sister-in-law's body before execution for another murder
(DBN)

Wrongfully convicted Massachusetts man freed after 27 years in prison
(DBN)

The death penalty cases before the Supreme Court that could keep innocent people in prison
(DBN)

Defense attorney: All Daunte Wright had to do was surrender Video dominates as trial starts in Daunte Wright killing Prosecutor: Potter ‘failed’ Wright; defense calls it mistake How does an officer use a gun instead of a Taser?
(DBN)

Why adoption isn’t a replacement for abortion rights
(DBN)

Not Going Back to Before Roe - It Will be Worse
(DBN)

'Fox & Friends' hosts say the Christmas-tree fire outside their studio is proof of 'the crime surge in this country'
(DBN)

This Man Has Watched Hundreds of Executions. Now He's Next.
(DBN)

Scott Peterson Resentenced to Life in Prison
(DBN)

Gavin Newsom Says Violent Crime ‘Higher in Texas Than It Is in California. I Don’t See That on Fox News’
(DBN)

Father, son arrested in wildfire that threatened Lake Tahoe
(DBN)

Justice Dept. still probing civil rights era police killings
(DBN)

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Judges:

In final report, SCOTUS commission takes no position on term limits or expanding the Supreme Court
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Wall Street:

U.S. stock futures consolidate after three days of gains Stock futures are lower after major averages post third straight day of gains
(DBN)

S&P 500 closes near a record high as investors bet on minimal impact from Omicron
(DBN)

BofA Says S&P 500 Real Earnings Yield is Lowest Since Harry Truman Was President
(DBN)

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Layoffs:

Better.com delays close of $7.7B reverse merger after mass layoffs The Better.com C.E.O. says he’s ‘deeply sorry’ for firing workers over Zoom A fired Better.com employee's work email and messaging were cut off so fast after the Zoom mass firing he had to quiz ex-colleagues via Facebook
(DBN)

Morrisville based aviation services firm to lay off 119 workers
(DBN)

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Crypto:

Crypto exchange execs to call on Congress to head off SEC crackdown
(DBN)

Crypto Chiefs Face Democrat Skeptics, GOP Supporters at House Hearing
(DBN)

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Retailing:

Amazon's trucking ambitions bump up against driver shortage, competition
(DBN)

Videos show Amazon warehouse workers dancing and singing karaoke during the server outage that halted work
(DBN)

Supply-chain issues to bedevil retailers through 2022, according to survey
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Sports:

UK joins US, Australia in Beijing Winter Olympics boycott What does an Olympic diplomatic boycott achieve?
(DBN)

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Fraud:

Holmes Testimony in Theranos Fraud Trial Nears End Defense team rests in Elizabeth Holmes fraud trial Theranos founder Holmes blasts ex-boyfriend Balwani in final effort to persuade jury before defense rests
(DBN)

Trump Donor Allegedly Used Embezzled Money To Support The Former President’s Campaign And Lead A Lavish Lifestyle
(DBN)

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Tech:

The metaverse could let Silicon Valley track your facial expressions, blood pressure, and your breathing rates
(DBN)

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Utilities:

Top Texas Power Regulator Says ‘Lights Will Stay On’ This Winter
(DBN)

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Gig Economy:

Nearly half of gig workers say their companies aren't fair about benefits, according to a new research report
(DBN)

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Politics:

Kamala Harris is a 'bully,' former staffer tells the Washington Post
(DBN)

Hispanic Voters Now Evenly Split Between Parties, WSJ Poll Finds
(WSJ)

Rep. Ayanna Pressley spearheads resolution that would punish Rep. Boebert for her Islamophobic remarks More than 400 Hill staffers demand House leaders act after Boebert's anti-Muslim remarks Rep. Boebert shares picture of her children posing with guns after backlash to Rep. Massie's holiday photo
(DBN)

Why Bob Dole's unsavory American lobbying legacy matters
(DBN)

This GOP lawmaker wanted to secure funding for roads. Enraged conservatives sent him death threats
(DBN)

Trump-backed Perdue says he wouldn’t have certified Georgia 2020 results
(DBN)

Manchin says he wouldn’t defy parliamentarian on immigration
(DBN)

Georgia Republicans purge Black Democrats from county election boards
(DBN)

Trump FactCheck: Gas prices were "$1.86 when I left" the White House
(DBN)

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Economy:

US businesses advertise near-record 11 million open jobs U.S. job openings jump to 11 million; fewer workers voluntarily quitting U.S. Job Openings Near Record, Quits Rate Sees First Drop Since May BLS: Job Openings Increased to 11.0 million in October Great Resignation shows little letup as Americans quit jobs at near-record pace in October; openings surge near all-time high
(DBN)

4.2 million Americans quit their jobs in October as workers continued to search for better opportunities Americans quit jobs at slightly slower rate in October The number of people quitting jobs remained near a record in October as openings increased.
(DBN)

2021 was the year of the quit: For 7 months, millions of workers have been leaving
(DBN)

The world's richest people are atop the heap because of one basic truth: Markets are inflated, and it's made the stuff they own way more valuable
(DBN)

Wait Until You See Food Prices Next Year
(DBN)

Anthony Scaramucci says he sees inflation as transitory, not a long-term problem
(DBN)

Hearings for Fed's Powell, Brainard likely next month, senator's aide says
(DBN)

Powell’s fourth major shift raises questions about the Fed’s policy credibility
(DBN)

JPMorgan says 2022 to see full global recovery
(DBN)

Bill Gates thinks the 'acute phase' of COVID-19 pandemic will be over in 2022, despite the emergence of the Omicron variant
(DBN)

Workers Are Using ‘Mouse Movers’ So They Can Use the Bathroom in Peace
(DBN)

U.S. workers are about to see their biggest pay increase in more than a decade
(DBN)

Billionaires increased their share of global wealth more in 2020 than any year on record
(DBN)

Republicans ready new push to defund, repeal Biden vaccine and testing policies
(DBN)

Crackdown on illegal cash transactions
(DBN)

Manchin says inflation ‘unknown’ is bigger problem than the need for Biden’s Build Back Better plan
(DBN)

America’s new export problem: 12.1 million shipping containers left biggest U.S. ports empty
(DBN)

Jefferies Cancels Parties, Travel, Sends Employees Back Home Due to COVID-19
(DBN)

Lyft to Keep Staff at Home Until 2023
(DBN)

With omicron here, how to know if your return-to-office plans are actually safe
(DBN)

Mitch McConnell ignored angry threats by Trump by deciding to pursue a debt-ceiling deal with Democrats
(DBN)

The Senate has come up with a unique solution to avoid default
(DBN)

Democrats raise alarm on the 'disaster' of child tax credit checks ending as Manchin signals he'll slam the brakes on passing Biden's big bill anytime soon
(DBN)

Senate rejects Biden’s vaccine mandate for businesses
(DBN)

Lawler: Updates on Key Drivers of US Population Growth
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US Debt Clock
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World Debt Clock
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How People Really Live
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Real Estate:

Demand for office space set to rise in long term - Credit Suisse
(DBN)

NMHC: Rent Payment Tracker Shows Households Paying Rent Increased YoY in Early December
(DBN)

MBA: Mortgage Applications Increase in Latest Weekly Survey
(DBN)

Publix-Anchored Mall in Boynton Beach Goes From Bankruptcy to $80M Sale
(DBN)

Corporate HQs to apartments? Stamford’s zoning board backs rules to help redevelop underused office parks
(DBN)

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Municipalities:

Puerto Rico’s Challenges and Options for Long-term Growth
(DBN)

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Oil/Gas:

A new warning on oil investment
(DBN)

World Leaders Have To Face The Truth About Oil Demand
(DBN)

Fossil-Fuel CEOs Strike Back With Warning on Energy Transition
(DBN)

Exxon, Aramco CEOs show Big Oil's arrogance toward climate crisis
(DBN)

Transition from fossil fuels to green energy could be chaotic, with skyrocketing prices
(DBN)

Top Executive In U.S. Shale Is Worried Oil Prices Could Go To $100
(DBN)

Devon Energy Doles Out $10,000 Bonuses as Oil Boom Times Roar Back
(DBN)

BP enters U.S. EV charging services market
(DBN)

EIA reports a modest weekly decline in U.S. crude supplies, as product stocks rise more than expected
(DBN)

California’s Public Pensions Are Major Fossil Fuel Investors
(DBN)

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Tech:

How Amazon Outage Left Smart Homes Not So Smart After All
(DBN)

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Nursing Homes:

Nursing home residents more likely to die of Covid if staff is unvaccinated, study says
(DBN)

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Climate:

Biden signs executive order to make U.S. government carbon neutral by 2050
(DBN)

Biden to expand fleet of EVs in bid to make government carbon-neutral by 2050
(DBN)

Panel: Consider tinkering with oceans to suck up more carbon
(DBN)

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Healthcare:

Vaccinating the world for covid-19 would cost 0.5% of G20 spending on the crisis
(DBN)

COVID cases spike even as US reaches vaccine milestone
(DBN)

Florida researchers felt pressure to destroy COVID-19 data, faculty report says
(DBN)

Omicron could hospitalize 1,000-a-day, Sage scientists warn – as New Year lockdown ‘can’t be ruled out’
(DBN)

CDC’s Covid vaccination rates appear inflated, experts worry
(DBN)

Coronavirus tally: Daily average death toll slips, but new cases and hospitalizations keep rising
(DBN)

The Simple Math That Makes Omicron So Alarming
(DBN)

Why scientists think our immune systems will be primed to fight the omicron variant
(DBN)

Vaccine makers racing to update COVID shots, just in case
(DBN)

Pfizer says 3 of its shots work against Omicron, citing lab tests, but that 2 appear less effective
(DBN)

Biden's plan for free at-home Covid test could be ineffective, experts warn
(DBN)

U.K. Starts Trials for Covid Antiviral Drugs as Omicron Spreads
(DBN)

South Africa Records Highest Covid-19 Cases Since Omicron Find Omicron Wave Sees South Africa’s Weekly Excess Deaths Almost Double
(DBN)

Omicron Symptoms ‘Far Milder,’ South Africa Hospital Group CEO Says
(DBN)

Nearly all U.S. cases of Omicron are mild, CDC director says
(DBN)

Omicron May Change Pandemic Course Without Action, WHO Warns
(DBN)

What Data Shows About Vaccine Supply and Demand in the Most Vulnerable Places
(DBN)

Ex-FDA chief: COVID jabs could become as common as flu shots
(DBN)

Viruses like parties — doctors who specialize in infectious diseases give their verdict on New Year’s Eve
(DBN)

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Tobacco:

New Zealand’s plan to end smoking: A lifetime ban for youth
(DBN)

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New Bankruptcy Opinions
(1 new opinion today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (6 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (5 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)
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Bankruptcy Statistics:

November Commercial Chapter 11 Filings Drop 70% from Previous Year
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Bankruptcy Crimes:

CEO of Private Jet Charter Company Convicted of Bankruptcy Fraud
(DBN)

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IP:

Protecting Against Licensor Bankruptcy in Service and License Agreements Utilizing Section 365n
(DBN)

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Automatic Stay:

Lenders Beware: The Supreme Court’s Ruling in Fulton May Not Be the Final Word on Violations of the Automatic Stay
(DBN)

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Aviation:

Disgruntled neighbors and dwindling shorebirds jeopardize SpaceX expansion Elon Musk Signals Tesla Is All Grown Up While SpaceX Struggles
(DBN)

Airlines say nations overreacted to Omicron variant
(DBN)

U.S. travel stocks jump as new vaccine data eases Omicron fears
(DBN)

Passengers are back, but the market hasn’t stuck with airlines in the past
(DBN)

Southwest Airlines says travel demand is improving, forecasts fourth quarter profit
(DBN)

Nordic Aviation Prepares Bankruptcy to Give Creditors Control
(DBN)

Avianca Emerges from Chapter 11 Bankruptcy
(DBN)

Hainan Airlines core biz transferred to investor
(DBN)

Garuda ruling to decide fate of plans to cut $9.8 billion debt
(DBN)

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Autos:

Pete Buttigieg fires back after Elon Musk blasts federal spending on EVs, saying there are ‘things that don’t happen on their own’
(DBN)

GM Production Mostly Back to Normal
(DBN)

Toyota embracing small flaws as supply chain pressures bite
(DBN)

Negotiating a good price on a car comes down to this one thing
(DBN)

Hertz is celebrating an epic comeback. Not everyone's pleased
(DBN)

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Live Performances:

Broadway Box Office Slips 19% To $26M For Post-Thanksgiving Week Tally
(DBN)

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Cannabis:

West Hollywood wants to become Amsterdam of the far West. Jay-Z seems to approve.
(DBN)

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Education:

Court suggests religious schools OK to get Maine tuition aid
(DBN)

Fahrenheit 451: Texas school district pulls 400 books from library shelves for review after legislator’s inquiry
(DBN)

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Pharma:

‘Pharma Bro’ firm reaches $40 million settlement in price gouging case as Shkreli faces trial
(DBN)

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Student Debt:

Experts call for Biden to push back the return of student loan payments—again
(DBN)

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Mass Torts:

LTL Management Texas Two Steps into New Jersey Bankruptcy Court
(DBN)

Allergan to pay New York $200 million in opioid settlement AbbVie settles New York opioid case for $200 million as trial winds down
(DBN)

Jury to Hear Final Arguments in Long Island Opioid Case Against Drugmakers
(DBN)

Connecticut's attorney general wants an appeal on Purdue’s bankruptcy case
(DBN)

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Banking:

Three Directors Charged in Federal Indictment Alleging Criminal Conspiracies at Failed Chicago Bank
(DBN)

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Sovereigns:

Sudan cut off from $650 million of international funding after coup
(DBN)

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UK:

As the U.K. considers new restrictions, the government is accused of flouting rules last Christmas.
(DBN)

Rapid infection rate of omicron Covid variant is causing concern, as UK braces for 1 million cases
(DBN)

U.K. Travel and Leisure Stocks Slide on Restrictions Report
(DBN)

Omicron variant spread leads to tighter restrictions in Britain
(DBN)

Boris Johnson Issues Work From Home Guidance to Curb Omicron in U.K.
(DBN)

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EU:

The Weil European Distress Index
(DBN)

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Latin America:

'No one is solvent': Coffee crisis in Central America fuels record exodus north
(DBN)

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MENA:

With people at mercy of the Taliban, U.K. prioritized animals, whistleblower alleges
(DBN)

Afghans wait and worry at US bases after frantic evacuation
(DBN)

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Ukraine:

Biden says ground troops 'not on the table' but Putin would face 'severe' economic sanctions for Ukraine invasion Biden says U.S. won’t send troops unilaterally to defend Ukraine against Russia Biden Says He Was Clear Putin Would Pay for a Ukraine Invasion Biden didn’t accept Putin’s ‘red lines’ on Ukraine – here’s what that means
(DBN)

Tucker Carlson sided with Putin over Ukraine, saying Biden is wrong to try to stop a Russian invasion
(DBN)

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Japan:

Japan downgrades Q3 GDP on deeper hit to consumer spending
(DBN)

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Venezuela:

Venezuela Is Resurrecting Its Oil Fields With Backpacks of Cash
(DBN)

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Singapore:

Not Jabbed? In Singapore, You'll Pay for Own Treatment
(WSJ)

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China:

Evergrande Declared in Default as Huge Restructuring Looms Evergrande, Kaisa cut by Fitch to default after missed payment deadlines
(DBN)

Rights of Evergrande shareholders, creditors to be respected, says China central bank chief
(DBN)

As Evergrande teeters on the edge of bankruptcy, more Chinese developers will default
(DBN)

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Mexico:

Gunmen On Jet Skies Open Fire in Cancun
(DBN)

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Australia:

Disputed assets not “of SMSF” and found divisible among creditors of bankrupt estates
(DBN)

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