November 19, 2021

The Daily Bankruptcy News

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Law:

Profits Per Partner Expected To Go Up Over The Next Year
(DBN)

Unlike Most Other Biglaw Firms, Cravath Bucks The Trend Of Record Partnership Class Sizes
(DBN)

Sidley Austin implements executive training and new titles for associates
(DBN)

Pay wars continue as Clifford Chance and Reed Smith hike salaries
(DBN)

Paralegal who married Japanese princess failed bar exam ‘due to language difficulties’
(DBN)

Lawyer facing ‘world of financial claims’ could be jailed for refusing to turn over records in bankruptcy
(DBN)

Judge orders lawyer jailed so he can be deposed behind bars
(DBN)

Litigation funder’s contracts leave some lawyers owing double the amount borrowed
(DBN)

There’s Only One 'E' In Judgment
(DBN)

Lawyer once bragged about thinking 'like a criminal' in viral ad. Now, he's convicted felon
(DBN)

Attorney Seeking Witch For Nonbillable Activities
(DBN)

'I'll do my beast': Lawyers confess more of their worst typos
(DBN)

How The Traditional Law Practice Model Drove Me To Find God
(DBN)

Learn To Productize Legal Work By Picking A Law Prof’s Brain For Just $108
(DBN)

Law prof sees uphill climb for admission of EyeDetect lie-detecting technology in court
(DBN)

Law School Student Killed In Collision With Oncoming Train
(DBN)

Yale Law School Sued For Jerking Around Students In Amy Chua Dust-Up
(DBN)

Anxiety builds waiting for verdicts in the Rittenhouse and McMichael-Bryan trials
(DBN)

Trump urges court to overturn 'rubber stamp' of Jan. 6 committee • The 'QAnon Shaman' thanked the judge at his sentencing hearing for allowing him to have a fully organic diet in jail • Steve Bannon Is BRINGIN' IT To Joe Biden ... Eventually • Wine-Drinking, Book-Stealing Capitol Rioter Pleads Guilty to Theft of Federal Property
(DBN)

As states pursue a wave of anti-LGBTQ laws, cities move in the opposite direction
(DBN)

Vandal spray-paints 'Mike is a cheater' on wrong vehicle
(DBN)

Travis McMichael testifies Ahmaud Arbery did not threaten him • Accused Murderer Travis McMichael Concedes Ahmaud Arbery Was 'Just Running' When He Drove After Him • Defense attorneys rest their cases at Arbery death trial
(DBN)

In Charlottesville trial, jurors learn to decode the secret slang of white supremacists
(DBN)

Judge in Rittenhouse trial bars MSNBC from courtroom • Judge Ejects MSNBC from Kyle Rittenhouse Courthouse After 'Extremely Serious' Incident of Freelancer Allegedly Following Jury Bus • Kyle Rittenhouse jury completes third day of deliberations without verdict • Rittenhouse jury returning for 4th day of deliberations • Black pastors rally outside trial over Arbery’s killing
(DBN)

Wait what? FDA wants 55 years to process FOIA request over vaccine data
(DBN)

Justice Department charges 2 Iranians who pretended to be Proud Boys, sent Republican officials a fake ballot fraud video, and threatened tens of thousands of Democratic voters
(DBN)

Man accused of lacing wife's cereal with heroin convicted of murder
(DBN)

'Self-Absorbed Narcissist' Sentenced for Murdering Estranged Wife While She Shielded Her Three Children from Gunfire
(DBN)

'I Want Him Gone': Mom of 5-Year-Old Found Dead in Massachusetts Woods Allegedly Compared the Boy to Ted Bundy, Jeffrey Dahmer
(DBN)

Stepdaughter Watches as Stepfather Who 'Sexually Assaulted Her Three Times in Front of Her Dying Mother' Is Put to Death
(DBN)

Oklahoma governor commutes Julius Jones' death sentence
(DBN)

Convictions of 2 men for murdering Malcolm X are tossed after new investigation
(DBN)

White supremacist prison guards work with impunity in Fla.
(DBN)

High Society Bracing for Ghislaine Maxwell Trial
(DBN)

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Judges:

Judge 'Prayed' About It and Decided That Prison Time for Admitted Rapist of Teen Girls 'Isn’t Appropriate' • A judge sentenced a rapist to probation. One of his victims warns "he will offend again"
(DBN)

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Wall Street:

Stock futures rise as S&P 500 seeks to score a winning week
(DBN)

Dow lags as S&P 500, Nasdaq Composite end at records
(DBN)

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Banking:

Panel to question controversial Biden nominee for top bank regulator
(DBN)

Senators snipe at each other in heated hearing for Biden bank regulator pick
(DBN)

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Climate:

The chaos on Canada's west coast is a preview of climate change woes to come
(DBN)

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Fraud:

A California couple vanished after stealing millions in Covid-19 relief funds. They left a goodbye note for their three kids
(DBN)

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Hotels:

Occupancy Rate Down 4% Compared to Same Week in 2019
(DBN)

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Student Debt:

Why student loan forgiveness is excluded from Dems’ $2 trillion spending bill
(DBN)

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Education:

Parents sue Wisconsin school district over gender transition policy
(DBN)

Parents sue Park Hill School District over students’ punishments for slavery petition
(DBN)

Community Colleges Face Steep Losses in Black Freshmen Enrollment
(DBN)

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Sports:

Bucs’ Antonio Brown accused of obtaining fake vaccine card

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Tech:

Riverbed Technologies files for Chapter 11 bankruptcy protection following pandemic 'headwinds'
(DBN)

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Economy:

CEOs join the Great Resignation
(DBN)

Weekly Initial Unemployment Claims at 268,000
(DBN)

How debt is making global inequality worse
(DBN)

Millions of people quit their jobs in the ‘Great Resignation.’ Here is why it may not last long
(DBN)

Why Jeff Vinik is “taking the over” on workers going back to the office
(DBN)

Lobbyist for truckers on the 'driver shortage': 'If the job that you're offering sucks, is the solution really go find more suckers, or should you improve the job?'
(DBN)

Inflation explained in 3 charts
(DBN)

Thanksgiving inflation: The cost of a turkey feast is up 14%
(DBN)

Democrats urge Biden to do more about inflation
(DBN)

If Biden picks Brainard over Powell for Fed chief, expect an immediate market impact
(DBN)

Banks favor Powell over Brainard to lead the Fed. Here's why
(DBN)

Investor Ackman says U.S. facing 'classic bubble' fueled by Fed's easy money policy
(DBN)

88% of Americans are worried about inflation. Where they’re planning to cut back
(DBN)

Inflation turns Biden's Fed decision upside down
(DBN)

Dems brace for score on massive Biden bill
(DBN)

Larry Summers: IRS proposal will generate more revenue than CBO estimate
(DBN)

Manchin signals he's OK with Biden spending vote this year • Manchin undecided on helping start debate on Biden spending bill • Sen. Manchin: Don't cut early learning relief for working families • Democrats draw up plan B for paid leave after Manchin veto
(DBN)

House moves toward OK of Dems’ sweeping social, climate bill • Biden’s social and climate plan is set for a House vote after a CBO analysis said it would slightly boost the deficit
(DBN)

GOP donors “furious”
(DBN)

In hourslong rant, GOP's 'angry' McCarthy stalls Biden bill • McCarthy's 8-hour speech forces Democrats to delay social spending vote
(DBN)

Bernie Sanders and Nancy Pelosi clash over handing the rich a massive tax cut in Biden's spending bill
(DBN)

Could Biden's spending plans push inflation even higher?
(DBN)

White House looks to rescue plan funding to ease burden of high heating costs
(DBN)

Democratic heartburn grows over middle class tax provision that also benefits the wealthy
(DBN)

Some firms thrived during Covid and then got their PPP Covid relief loans forgiven
(DBN)

Biden plan to run LA port 24/7 to break backlog falls short
(DBN)

Surging shipping costs will drive up prices for consumer products, UN says
(DBN)

Army to Begin Forcing Out Soldiers Who Refuse COVID Vaccine, Including Guardsmen
(DBN)

Biden administration suspends enforcement of business vaccine mandate
(DBN)

Mitch McConnell shrugs off Trump's taunts and attempts to defuse the debt ceiling crisis
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Shortage of homes for sale continues to plague housing market
(DBN)

U.S. homebuilding drops, construction backlog surges as shortages worsen
(DBN)

Housing Predictions: Guesses and the Data
(DBN)

California holds 70% of the country's priciest ZIP Codes for home buyers
(DBN)

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Oil/Gas:

Limetree Bay refinery sold to St. Croix company eying restart $20 million
(DBN)

Ford CEO touts auto maker's EV plans: 'Whatever it takes, find a way' • Ford plans to increase EV production to 600,000 vehicles by 2023
(DBN)

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Cannabis:

Cannabis bust on Indigenous land highlights legal divide
(DBN)

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Retailing:

How Retail Ownership is Changing in the Pandemic
(DBN)

CVS Health lays out plan to close hundreds of drugstores • CVS to close 900 stores over three years, as it shifts to digital strategy
(DBN)

Macy’s to announce 10 store closures in January while delaying other closures
(DBN)

Macy’s raises its full-year outlook after strong third-quarter sales.
(DBN)

Victoria's Secret plans to spend $150 million to manage supply chain problems that could suppress sales growth
(DBN)

Target says measures to manage the supply-chain bottleneck has pressured margins, but analysts say it's worth it
(DBN)

A shortage of shipping containers has companies rethinking 'how they stock shelves'
(DBN)

____________

Politics:

Trump vs. DeSantis: Let the war games begin
(DBN)

Trump ally’s group received over $20M in 2020, then funneled cash to other nonprofits
(DBN)

House GOP Leader Kevin McCarthy has spent more than 3 hours delivering a rambling, erratic speech referencing Elon Musk, Abraham Lincoln, China, and Afghanistan in bid to delay passage of Biden spending bill
(DBN)

GOP senators appalled by 'ridiculous' House infighting
(DBN)

GOP Rep. Paul Gosar's sister celebrates his censure and says she hopes this is 'not the end' of his punishment
(DBN)

House Republicans used to police their own members, now it's anything goes
(DBN)

Biden's approval dips to 36 percent in new Quinnipiac poll
(DBN)

Democratic retirements spark worry over holding House majority
(DBN)

Democrats question whether Biden will actually run in 2024
(DBN)

Cheney knocks Ted Cruz: 'A real man would be defending his wife'
(DBN)

The Federalist Society’s newest enemy: Corporate America
(DBN)

Elizabeth Warren asks SEC to investigate Trump media company
(DBN)

Indicted Rep. Jeff Fortenberry Wants Change Of Venue, Prosecutor's Dismissal, Maybe A Pony
(DBN)

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New Bankruptcy Opinions
(3 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Adversary Proceeding Filings (4 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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Non-Debtor releases:

Nondebtor Release Prohibition Act of 2021
(DBN)

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History:

Ending The Tragedy Of Debtors Prison (U.S. Supreme Court — Beers v. Haughton)
(DBN)

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Aviation:

Airlines staff up for holiday onslaught
(DBN)

Thanksgiving air travel will suck this year
(DBN)

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Cruise Lines:

Disney Cruise Line to require passengers 5 and older to receive COVID vaccine
(DBN)

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Healthcare:

Critically ill flown to other states due to lack of Boston ICU beds
(DBN)

Upper Midwest faces spike in COVID-19 infections: "It's unprecedented"
(DBN)

Holiday COVID alarm as cases rise 20%
(DBN)

Chicago Health Officials See Covid Surge Before Holidays
(DBN)

America's new COVID vaccine flashpoint
(DBN)

Michigan is now worst COVID-19 hot spot in nation; hospitals pushed to capacity
(DBN)

Florida becomes first state to impose fines on businesses and hospitals that require the COVID-19 vaccine
(DBN)

‘Zero-Covid is not going to happen’: experts predict a steep rise in US cases this winter
(DBN)

As Pediatric COVID Hospitalizations Rise, Doctor Warns ‘There’s Trouble Around the Corner’
(DBN)

Rural America’s False Sense of Security
(DBN)

Nearly One Third Of Healthcare Workers In U.S. Hospitals Are Still Not Vaccinated Against Covid-19, CDC Study Finds, As Vaccine Mandate Looms
(DBN)

Mask-wearing reduces COVID incidence by 53%, study shows • Face masks and distancing are most effective measures in reducing COVID-19 spread, study finds, as experts clamor for U.S. to expand booster program
(DBN)

State officials are already telling all adults to get Covid boosters
(DBN)

Antibody protection after mild COVID-19 may not last; an estimated 100 million people have had long COVID
(DBN)

Dr. Fauci says he expects babies and toddlers will have a COVID-19 vaccine by spring 2022
(DBN)

Hospitalizations rising among people fully vaccinated but not boosted, Fauci says
(DBN)

Conflicts mount on easing COVID-19 restrictions amid autumn case spikes
(DBN)

Florida Republicans vote to limit vaccine mandates • Florida Republicans pass bills setting stage for clash with Biden over vaccine rules
(DBN)

AstraZeneca antibody cocktail more than 80 percent effective in preventing COVID-19: research
(DBN)

U.S. scientist touts "strong evidence" COVID came from Wuhan market
(DBN)

Florida governor signs bills limiting COVID vaccine mandates
(DBN)

Health groups urge businesses to voluntarily implement Biden's vaccine rule
(DBN)

I'm a pediatrician and had no paid parental leave. At 8 days postpartum, I was in the ICU and had a medical bill of over $400,000.
(DBN)

____________

Celebs:

Erika Jayne and Tom Girardi’s Pasadena Mansion Gets Another Gigantic Price Chop
(DBN)

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Autos:

Apollo poised for big returns on $1.5 billion Hertz stock buyback
(DBN)

The Lawyers Who Helped Build, and Bring Down, Carlos Ghosn
(DBN)

____________

EU:

ECB’s Lagarde says a rate hike unlikely for 2022
(DBN)

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India:

Cross-border insolvency cases: Government will soon put out for consultation the draft legal framework • Personal guarantors may be part of cross-border insolvency framework
(DBN)

Modi vows to repeal India farm laws after prolonged protests
(DBN)

____________

Austria:

Two Austrian regions to go into full lockdown next week • Austria re-imposes a full Covid lockdown and makes vaccination mandatory
(DBN)

____________

China:

The founder of Evergrande is said to have used $1.1 billion of his own money to pay down company debt, pledging mansions and selling art to raise funds
(DBN)

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Hungary:

Business registrations up, bankruptcy declarations down in Q3
(DBN)

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Germany:

Germany bans unvaccinated people from restaurants as continent goes on 'red alert' for Christmas lockdowns • Germany limits public gatherings on unvaccinated
(DBN)

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MENA:

Driven to bankruptcy: The corrupting forces behind Lebanon’s economic meltdown
(DBN)

Thousands of Afghans seek temporary US entry, few approved
(DBN)

____________

Africa:

Scientists mystified, wary, as Africa avoids COVID disaster
(DBN)

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