November 10, 2021

The Daily Bankruptcy News

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Due to the Veterans Day holiday, The Daily Bankruptcy News will not publish on Thursday, November 11, 2021



Law:

Kirkland & Ellis apparently wins huge fee in contingency case
(DBN)

What The Associate Compensation Bonanza Is Costing Biglaw
(DBN)

International Biglaw Firm Raises Associate Salaries By 15% Following Record Year
(DBN)

Path to BigLaw partnership gets longer for some, new survey finds It Takes Longer Than Ever To Make It To Biglaw Partner
(DBN)

Ex-LeClairRyan CLO seeks shorter sentence in obstruction case ‘Tremendous fall from grace’: Matson asks for 37-month prison sentence
(DBN)

Elizabeth Lally Brings Notable Bankruptcy Practice to Spencer Fane in Omaha
(DBN)

Law grad’s petition blames software crash for bar exam failure, seeks law license
(DBN)

Law Student Documents Her Struggles With Long COVID During School
(DBN)

Ways To Care For Yourself During Hard Times In Your Life And Career
(DBN)

Corporate law's partisan gulf widened in 2020, analysis finds
(DBN)

Trump cannot block congressional probe of attack on U.S. Capitol, judge rules Trump Loses Bid to Hide Jan. 6 Papers
(DBN)

Trump's never-ending legal losing streak
(DBN)

How many people will go to prison for Trump's dishonesty?
(DBN)

Trump press secretary Kayleigh McEnany, other White House officials subpoenaed in Jan. 6 House probe
(DBN)

Trump advisers illegally campaigned while in office, U.S. government report finds Trump's taxpayer-funded political machine
(DBN)

Trump Legal Team Fails To Get Court To Enjoin Non-Existent Order
(DBN)

The 'QAnon Shaman' quotes 'Forrest Gump' in a new sentencing memo requesting his release for time served Man Who Scaled Capitol Wall on Jan. 6 and Posted 'I Got Kicked Out But I’ll Be Back!' Is Sentenced to Probation Merrick Garland Letting Steve Bannon Slide Is Setting a Dangerous Example Subpoenas show Jan. 6 panel's focus on Trump's plans
(DBN)

Travis Scott should have stopped Astroworld concert when things got out of control, Houston fire chief says Lawyer for Astroworld victim's family says crowd trampled 21-year-old's body 'like a piece of trash' Astroworld attendee says deadly crowd surge was like battle scene from 'Game of Thrones' Lawsuits pile against Astroworld, Travis Scott Astroworld emergency plans covered active shooter and severe weather, but not crowd surge: report
(DBN)

Prosecution rests case in murder trial of U.S. teen Kyle Rittenhouse Medical Examiner: Joseph Rosenbaum May Have Fallen Toward Kyle Rittenhouse Because He'd Been Shot, Not Because He Lunged Judge Dismisses Count Accusing Kyle Rittenhouse of Violating Curfew Because State Presented Insufficient Evidence Rittenhouse said he 'had to shoot' after opening fire, jury hears
(DBN)

One of the men accused of killing Ahmaud Arbery checked his body for a gun, court hears Greg McMichael Never Used the Word 'Burglary' in Police Interview, Called Slain Ahmaud Arbery an 'A******': Officer
(DBN)

The Louisville police officer who fatally shot Breonna Taylor is making an appeal to get his job back
(DBN)

Supreme Court Grapples With Religious Rights in Execution Chamber U.S. Supreme Court divided over condemned murderer's religious request Texas pastor to SCOTUS: What's the harm of prayer?
(DBN)

NYC Man Indicted for Murder of Girlfriend's 1-Year-Old Baby Also 'Sexually Abused the Child with a Toothbrush': Prosecutors
(DBN)

Former Little League Baseball Coach Faces Decades in Prison After Admitting to Depraved Sexual Abuse of Young Boys in Several States
(DBN)

Texas' Costly 'Operation Lone Star' Leaves Alleged Illegal Immigrants Trapped in Jail with No Due Process
(DBN)

Teen who hit 6 bicyclists with his truck while harassing them "rolling coal" faces felony charges, authorities say
(DBN)

Police Arrest Upstate New Yorker Who Allegedly Shot Passing Pickup Truck While Aiming for a Deer Across Two-Lane Highway
(DBN)

U.S. borders reopen, but not for asylum seekers stuck in Mexico
(DBN)

What’s happening at the U.S.-Mexico border in 7 charts
(DBN)

U.S. Crime Victimization Up Slightly From 2020 Low
(DBN)

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Judges:

Judge remains on Santa’s ‘nice’ list despite tweeted order banning Elf on the Shelf
(DBN)

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Wall Street:

Stock futures are lower ahead of key inflation data
(DBN)

S&P 500 snaps 8-day winning streak as investors digest latest earnings and await key inflation data
(DBN)

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Layoffs:

Volkswagen CEO tells staff there are no plans to cut 30,000 jobs
(DBN)

Pot company Hexo to shut production sites, cut jobs following acquisition
(DBN)

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Retailing:

What 3 big mall bankruptcies say about the state of retail
(DBN)

Holiday Web Shoppers Face an Increase in Out-of-Stock Goods Holiday shopping started early this year, but shoppers were hit by 2 billion out-of-stock messages in October alone due to the supply chain crisis
(DBN)

Rent-A-Center's Acima fintech unit under investigation in 39 states
(DBN)

To woo workers, Macy's boosts hourly pay to $15, introduces education benefits
(DBN)

Global Brands to wind down
(DBN)

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Education:

Experts are questioning a viral study on white college applicants lying about race. Is the phenomenon a trend?
(DBN)

What’s behind the growing gap between men and women in college completion?
(DBN)

Axios-Ipsos poll: No widespread COVID school backlash
(DBN)

A history teacher told her students Trump was still president. She's been removed from the school.
(DBN)

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Autos:

Hertz goes wheels off in post-bankruptcy listing
(DBN)

‘I Lost Everything’: More Than 160 Former Hertz Customers Are Suing Company Over Claims It Falsified Stolen Car Reports, Landing Some Drivers In Jail
(DBN)

Tesla shares drop as sell-off accelerates
(DBN)

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Healthcare:

This is one more reason some older women are afraid of health scares
(DBN)

WHO: Covid cases declining globally except Europe
(DBN)

November 9th COVID-19: 16 Days till Thanksgiving and New Cases Stuck at 70,000+ per Day
(DBN)

The light at the end of the pandemic tunnel
(DBN)

The world could face a shortage of 1 to 2 billion vaccine syringes by 2022, says the WHO
(DBN)

Pfizer CEO calls people who spread misinformation on COVID-19 vaccines 'criminals because they have literally cost millions of lives'
(DBN)

Oak Street Health Tumbles on U.S. Inquiry, Quarterly Loss
(DBN)

More Vaccinations Can Help Head Off Holiday Covid Surge, Fauci Says
(DBN)

Pfizer asks FDA to authorize Covid booster shots for all adults
(DBN)

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Economy:

U.S. producer prices increase solidly in October Gasoline, auto retailing boost U.S. producer prices Wholesale prices rose 8.6% year over year in October, tied for highest ever
(DBN)

Why Jerome Powell Must Go
(DBN)

Higher public debt, but a lower cost to service it
(DBN)

The economy is great, but voters don't believe it
(DBN)

Consumer prices likely surged last month at their fastest pace in about 30 years
(DBN)

Democrats hope Biden’s economic bills win over voters who are worried about inflation CBO: Scoring of Social Spending to Take Time
(DBN)

‘Eye-Popping’ Inflation Should Subside in 2022, Fed’s Daly Says
(DBN)

Infrastructure Bill Sparks Return of U.S. Debt-Ceiling Concern
(DBN)

U.S. credit card use returning to pre-pandemic patterns, NY Fed report finds Americans Ramp Up Credit-Card Spending in Return to Old Habits
(DBN)

NY Fed Q3 Report: Total Household Debt Climbs to Over $15 trillion
(DBN)

Federal Reserve’s Bullard expects two rate hikes next year
(DBN)

Men tend to have higher credit limits than female borrowers
(DBN)

Supply-chain vulnerabilities and 4 other threats to the US that the FBI director is worried about
(DBN)

U.S. Supply-Chain Hurdles to Last Well Into 2022, Raimondo Says
(DBN)

Biden rolls out multibillion-dollar plan to upgrade U.S. ports after passage of infrastructure bill
(DBN)

Democrats at odds over SALT changes
(DBN)

Snarled Supply Chain Is Making U.S. Warehouse Shortage Worse
(DBN)

A record 111 container ships are floating off California's busiest ports, despite Biden's 24/7 schedule and looming fines
(DBN)

A dose of optimism from JPMorgan
(DBN)

Axios-Ipsos poll: Americans are so over Delta
(DBN)

Meet a 33-year-old with nearly $400,000 in debt juggling 4 jobs to pay it all off: 'I work more than I sleep'
(DBN)

President Joe Biden has a plan to protect Americans' retirements and savings from the 'urgent and systemic risk' of the climate crisis
(DBN)

The false claim that only 11% of the infrastructure bill goes to 'real infrastructure'
(DBN)

Food Distributor Sysco Sees Inflation Moderating After 13% Jump
(DBN)

You know who's not hurting from inflation? Big business.
(DBN)

Airbnb Adds New Tools in Bet Remote Work Is Here to Stay
(DBN)

Government employees union presses Biden to extend U.S. vaccine deadline Opponents urge court to keep Biden's COVID-19 vaccine rule on hold
(DBN)

Magazine workers fight against return to office
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

U.S. Rent Hikes Are Spreading to Older, Cheaper Apartments
(DBN)

Borrowers rush to refinance, as mortgage rates drop for a second week
(DBN)

After 2 years of silence, disgraced WeWork founder Adam Neumann admits the company failed -but he still isn't apologizing to the thousands who lost their jobs in the process
(DBN)

____________

Municipalities:

Puerto Ricans fearful of plan to restructure public debt
(DBN)

DRA throws support behind Puerto Rico Plan of Adjustment
(DBN)

____________

Oil/Gas:

Oil Demand Is Back at 2019 Levels and Set to Rise, Vitol CEO Says
(DBN)

The Oil Price Rally Is Far From Over
(DBN)

U.S. Sees Oil Market Oversupplied By Early Next Year
(DBN)

Why are gas prices so high? And who is to blame?
(DBN)

U.S. will import 62% more crude by 2022 due to domestic production declines, says EIA
(DBN)

White House Says It Isn’t Considering Enbridge Pipeline Shutdown
(DBN)

____________

Fraud:

Unfortunately For Hedge Fund Fraudsters, Even Judges Have To Listen To Juries
(DBN)

Army veteran falsely claimed to be paraplegic, obtained more than $1 million in benefits, prosecutors allege
(DBN)

Theranos lab problems posed ‘immediate jeopardy’ to patients, said 2016 audit
(DBN)

____________

Agribusiness:

Farmers must file claims against Pipeline Foods by Jan. 4
(DBN)

____________

Celebs:

Elon Musk lost $50 billion in 2 days after Tesla shares plunged 16% - but he's still worth over $100 billion more than Jeff Bezos
(DBN)

____________

Food/Beverage:

Restaurant Manager Pressing Charges Against Soup Thrower
(DBN)

____________

Movie Theaters:

AMC’s profitability hangs on the domestic box office topping $2 billion in Q4
(DBN)

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Distressed Investing:

Roundtable: Distressed M&A
(DBN)

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Politics:

Desperate, angry, destructive: How Americans morphed into a mob
(DBN)

Post-Trump GOP doctrine
(DBN)

New label for moderate Democrats: "Normal"
(DBN)

GOP centrists come under increased attacks from own party
(DBN)

Trump mocks 'Old Crow Mitch' McConnell over Biden's infrastructure win
(DBN)

At 28 percent approval, say goodbye to Kamala Harris being Plan B to an aging Biden
(DBN)

Beyond Red vs. Blue: The Political Typology
(DBN)

GOP Rep. Upton shares threatening voicemail after infrastructure vote
(DBN)

Obama appeared to confuse Scotland with Ireland, then quoted Shakespeare - a playwright from England - in his COP26 speech Obama's COP26 wake-up call
(DBN)

Trump releases statement trashing McConnell for not passing infrastructure while he was president. But it was Trump who walked away from a $2 trillion deal in 2019
(DBN)

Texas voters say the state and country are worse off than a year ago and heading in the wrong direction
(DBN)

Americans now want to read about sports, not politics
(DBN)

Gosar's sister labels lawmaker a 'sociopath' after Ocasio-Cortez, Biden tweet Pelosi calls for ethics, criminal investigations into Gosar
(DBN)

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New Bankruptcy Opinions
(4 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (7 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (189 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)

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Mediation:

Mandated Mediation: An Effective Dispute-Resolution Tool
(DBN)

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Venue:

Letter From Attorneys General
(DBN)

Attorney General Frosh co-leads coalition supporting Bankruptcy Venue Reform Act Attorney General Bonta Urges Congress to Pass Legislation to Prevent Corporations from Forum Shopping When They File Bankruptcy
(DBN)

NAAG Endorses Bankruptcy Venue Reform Act of 2021
(DBN)

____________

Bankruptcy Policy:

Shocking Business Bankruptcy Law
(DBN)

____________

History:

The Evolution of Corporate Rescue in Canada and the United States
(DBN)

____________

D&O:

When Chapter 11 Hits, D&O Claims Can Take the Unsecured Director Down
(DBN)

____________

Aviation:

Airline stocks surge as US eases travel restrictions
(DBN)

United's 'Disdain' for Vaccine Objectors Is Criticized by Judge
(DBN)

United will stop flying to 11 US cities indefinitely - see the full list
(DBN)

American Air Offers $1,000 Bounties to Solidify Holiday Staffing
(DBN)

Biden Urges Net-Zero Aviation by 2050 in Huge Leap Beyond Cars
(DBN)

British Airways to Hire 4,000 in Reversal of Covid Era Cuts
(DBN)

LATAM Airlines posts $692 million Q3 loss as pandemic headwinds persist
(DBN)

____________

Climate:

Draft COP26 deal targets fossil fuels, aims to strengthen Paris plan
(DBN)

New report warns COP26 negotiators that new pledges are inadequate
(DBN)

The climate fight hits cities
(DBN)

____________

Coal:

U.S. ‘Won’t Have Coal’ by 2030, John Kerry Predicts in Glasgow
(DBN)

____________

Pharma:

Oklahoma court overturns $465 million opioid award against Johnson & Johnson J&J Persuades Oklahoma Supreme Court to Toss Opioid Award
(DBN)

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Sports:

Rodgers, Packers Get Slap on Wrist NFL fines Packers and unvaccinated players for COVID protocol violations
(DBN)

____________

Labor:

Union Push at Starbucks Expands With New Request for More Elections
(DBN)

____________

Banking:

Mashreq Bank Hit With $100 Million N.Y. Fine Over Sudan Violations
(DBN)

____________

Waste:

Fort Wayne City Leaders Demand Answers from Trash Collector About Bankruptcy Case City Council looks to subpoena CEO of Red River
(DBN)

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Mass Torts:

Judge to rule on request to halt Johnson & Johnson talc lawsuits
(DBN)

____________

Tech:

Newsmax reporter permanently suspended from Twitter after COVID-19 claims
(DBN)

____________

Sovereigns:

Lack of Progress in G-20 Debt Deals a Deterrent for Mauritania
(DBN)

____________

UK:

New laws and code to resolve remaining COVID-19 commercial rent debts
(DBN)

COP26 Host Scotland Considers Tighter Covid Rules as Cases Jump
(DBN)

Covid-19 Vaccines Made Mandatory for NHS Workers in England
(DBN)

Hard Brexit Talk Returns as U.K. Eyes Suspending Northern Ireland Deal
(DBN)

JPMorgan turns bullish on UK stocks for the first time since the Brexit vote
(DBN)

____________

EU:

ECB member says inflation could be nearing the bank’s taper target
(DBN)

____________

Canada:

Levelling The Playing Field: The Rise Of Litigation Funding In Canada
(DBN)

____________

Germany:

Still No Indication of Impending Bankruptcy Wave
(DBN)

Germany reports high number of new covid cases
(DBN)

____________

Mexico:

Corporate Mexico Feels Heat From Global Supply Chain Crunch
(DBN)

____________

China:

China property dives as Kaisa pleads for help, Fed warns of contagion
(DBN)

Evergrande teeters on edge of default as $148 million payment falls due
(DBN)

Holocaust Museum report warns China "may be committing genocide"
(DBN)

China cracks down on ‘characteristic towns’ that misused land, real estate while racking up massive debt
(DBN)

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India:

Cross-Border Insolvency a Need for India
(DBN)

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Switzerland:

Restructuring options in Switzerland: Pre-packs
(DBN)

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