November 23, 2021

The Daily Bankruptcy News

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Law:

Biglaw's Choices In The War For Talent: More Flexibility Or More Money
(DBN)

Cravath kicks off year-end bonus season with payouts reaching $115K • Cravath is first to announce year-end associate bonuses with more money for every class year
(DBN)

LeClairRyan Defendants Reach Partial Settlement With Trustee
(DBN)

Former LeClairRyan attorney Matson starts 44-month sentence immediately • Ex-chief legal officer of law firm LeClairRyan gets 44 months in prison
(DBN)

Fired K&L Gates partner is charged with cyberstalking former colleagues • Ex-Biglaw Partner Arrested, Accused Of Cyberstalking Former Colleagues
(DBN)

Biglaw Firm Encourages All Employees To Use Gender Pronouns In Email Signatures
(DBN)

Former Richmond lawyer and bankruptcy trustee sentenced to prison in $4 million case • Richmond bankruptcy attorney sentenced in $800,000 embezzlement • Former Richmond attorney sentenced for obstructing bankruptcy embezzlement investigation
(DBN)

For second time, ABA Legal Education Section seeks public comment on diversity accreditation standard
(DBN)

Two Law Firms Must Force Vaccines In Biden Contractor Order
(DBN)

Women Resign From Law School FedSoc Board After Realizing What FedSoc Is All About
(DBN)

Lawyer is suspended for texting witness during phone deposition; how did opposing counsel find out?
(DBN)

Ethics Awareness, Education Up as Attorney Discipline Falls
(DBN)

Judge imposes default judgment against former Littler Mendelson client for ‘subversive approach to discovery’
(DBN)

Ex-Trump lawyer Cohen ends home confinement, will continue aiding probes • Michael Cohen Suggests More Trumpworld Prosecutions Are Coming in First TV Interview After Release from House Arrest
(DBN)

'They need to take responsibility': Federal judge orders hefty fees assessed against two lawyers who filed suit challenging 2020 election • Judge Says Lawyers Challenging Election Fomented Unrest With ‘Pointless, Unjustified Lawsuit’
(DBN)

Jan. 6 Committee tells court it urgently needs Trump records • Court Urged to Let Jan. 6 Panel See Trump White House Files • Release of Trump White House papers key to stopping 'future attacks on democracy,' Jan. 6 panel argues • A Judge Who Felt Burned After Giving A Capitol Rioter Probation Threw The Book At Another Defendant • Man charged with carrying loaded firearm to the Capitol on Jan. 6 • Jacob Chansley Hires Kyle Rittenhouse's Ex-Lawyer, Signals Possible Appeal Based on 'Ineffective Assistance of Counsel' • Jacob Chansley's Longtime Counsel Disputes Claims That Kyle Rittenhouse's Ex-Lawyer Retained His Client for Possible Appeal • 'Brought the Government to a Screeching Halt': Judge Sentences Former School Board President to 60 Days for Jan. 6 Capitol Breach • Jan. 6 committee subpoenas Alex Jones, Roger Stone and other Trump allies • Capitol riot suspect’s court hearing turns to potential criminal charge for Trump • Bannon indictment does little to jumpstart Jan. 6 committee's subpoena talks with top targets
(DBN)

House COVID-19 panel seeks interview with former Trump FDA leader Hahn
(DBN)

New York prosecutors eye Trump Organization property valuations: report • Which Is Faker, Trump's Tan Or His Real Estate Valuations?
(DBN)

Lin Wood says he'll sue Rittenhouse's lawyer for calling him an 'idiot' for how he initially handled the case • Kyle Rittenhouse Rips Lawyers as They Feud Over His $2M Bail • Civil rights attorney says Kyle Rittenhouse trial 'with a different jury, you would have a very different outcome'
(DBN)

Prosecutor: Three men had no cause to chase Ahmaud Arbery • A 'duty' to chase Ahmaud Arbery? Jury in murder trial hears clashing accounts • Prosecutor says defendants attacked Arbery because he was 'a Black man running down the street' • Outside the courthouse, supporters of Ahmaud Arbery’s family keep watch • The Arbery murder defendants say they were attempting to make a citizen’s arrest. Is that legal? • There Is 'No Evidence' That Ahmaud Arbery Regularly Jogged in Georgia Neighborhood Where He Was Killed, Defense Tells Jury • 'Schoolyard Bullies': Prosecution Picks Apart 'Self-Serving' Defense Claims of Ahmaud Arbery's Accused Murderers • Defense claims he was armed 'with fists even if he had no weapon'
(DBN)

Darrell Brooks identified as Waukesha parade ‘person of interest’ • Brooks Has Long Criminal Record • Witnesses describe carnage at Wisconsin Christmas parade: ‘Bodies flying everywhere’ • Milwaukee Dancing Grannies say members killed in parade crash • Waukesha parade crash driver may have been fleeing a crime • Biden mourns 'horrific act of violence' at Wisconsin holiday parade • Suspect faces 5 counts of intentional homicide in deadly parade tragedy • Police: Parade-crash suspect was in a domestic disturbance • At least 18 children were hospitalized and 5 people died after SUV crash into Christmas parade • Waukesha Christmas parade attack suspect was out on ‘inappropriately low’ bond, DA admits
(DBN)

Everything You May Have Missed About the Trial That Could Bankrupt the Far-Right
(DBN)

Florida clears Groveland Four of 1949 rape of white woman
(DBN)

Black officer targeted by police chief's "Ku Klux Klan" note files complaint and speaks publicly for first time: "It was offensive and humiliating"
(DBN)

U.S. added to list of "backsliding" democracies for 1st time
(DBN)

Man Pardoned of Gun Charge by Chris Christie in 2012 Faces Attempted Murder Charge After a ‘Shooting Incident’ in Colorado
(DBN)

Woman Said She 'Saved Her Babies' by Stabbing Them to Death with a Steak Knife: Prosecutor
(DBN)

2-Year-Old Child Fatally Shot Father in the Back Using a Rifle: Police
(DBN)

Georgia Man Who Murdered Couple in Their Home Is the Brother of a Man Who Fatally Stabbed Pentagon Cop in August: Cops
(DBN)

Judge Lets Ghislaine Maxwell Call 'False Memory' Expert Involved in Robert Durst, O.J. Simpson, and Harvey Weinstein Cases
(DBN)

Former Baltimore County Officer Sentenced To Home Detention For Rape Of 22-Year-Old Woman
(DBN)

'There Is Evil in this World': Ex-Cop Abducted and Killed Two Daughters, Killed Accomplice and Himself After Police Failed to Execute Emergency Protective Order
(DBN)

Kevin Spacey ordered to pay $31 million to studio behind Netflix’s ‘House of Cards’
(DBN)

Texas Deploys 10,000 to Border
(DBN)

A Sheriff's Gotta Do What The Law Says. Unless They Don't.
(DBN)

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Judges:

N.Y. ‘Mega’ Bankruptcies Get Random Judges After Purdue Uproar
(DBN)

Al Gore 'was a man' about his election loss, unlike Trump, federal judge says
(DBN)

Judge who searched litigant’s home for marital property gets censure and fine
(DBN)

Supreme Court Reform Has 'Considerable Bipartisan Support' And STILL No Chance Of Passing
(DBN)

Someone's Gotta Keep All Those Supreme Court Justices In Line
(DBN)

Judge, Accused Of Sexual Abuse Of Prosecutor Appearing Before Him, Insists 'My Rulings Were Fair'
(DBN)

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Wall Street:

Stock futures are mildly lower after rout in tech stocks
(DBN)

US stocks rise after Biden taps Powell for a new Fed term
(DBN)

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Mass Torts:

J&J unit, talc claimants look to February hearing over bankruptcy validity
(DBN)

J&J’s Push for Settlement Talks Rebuffed by Talc Cancer Victims
(DBN)

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Hotels:

‘I hope to rebuild my good name’: Ex-Queen Mary operators take the stand in bankruptcy case
(DBN)

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Healthcare:

45-year-old Texas EMS provider files for bankruptcy
(DBN)

US Covid infections rising again as upper midwest sees biggest jump
(DBN)

Michigan kids hospitalized with COVID-19 nears peak. Doctor: 'We're a little bit on edge.'
(DBN)

Kids Ages 5-9 Outpacing Other Age Groups In COVID Cases In Massachusetts
(DBN)

Gottlieb says breakthrough Covid infections more common than people realize
(DBN)

Fauci warns time running short to prevent ‘dangerous’ Covid surge in US
(DBN)

These Fools Thought a COVID Party Sounded Fun. Now They Are on Respirators.
(DBN)

A woman in a coma and on a ventilator with COVID-19 woke up the day her family planned to pull her life support
(DBN)

Former FDA commissioner says CDC will likely eventually require COVID-19 booster to be 'fully vaccinated'
(DBN)

Fauci says you don't need to wear a mask for family gatherings this Thanksgiving – but only if everyone is fully vaccinated against COVID-19 • Busy Thanksgiving travel sparks U.S. COVID spread worries as Europe's crisis worsens • As Thanksgiving Approaches, U.S. Virus Cases Tick Upward Once More
(DBN)

Fauci warns about 'prematurely' dropping mask mandates as DC lifts requirement
(DBN)

In the midst of a record-setting surge, we're learning we have to live with COVID-19
(DBN)

How COVID shots for kids help prevent dangerous new variants
(DBN)

Pfizer: Vaccine is 100 percent effective in adolescents
(DBN)

Failure to vaccinate poor countries fans fears of uncontrolled outbreak
(DBN)

Island anger: Guadeloupe closes schools after COVID rioting
(DBN)

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Economy:

Biden taps Jerome Powell for another term at the Fed • Wall Street sees Powell as best choice to lead Fed even as inflation hits 31-year high • U.S. bank stocks rise as welcome Powell renomination as Fed chair • Powell's reappointment gives investors stability • Here’s what Jerome Powell’s second term as Fed chairman means to your wallet • Warren to oppose Powell for new Fed term, citing regulation 'failures' • Behind the Powell pick: a bet the economy has room to grow and inflation will fade • Biden Bets Big on Continuity at the Fed • Biden renames Powell to lead Fed, risking the left’s wrath • Biden backing Powell to chair the Fed is another stiff arm to progressive Democrats • Biden's Fed pick puts progressives on notice • Why Biden picked Powell • Here's what Jerome Powell's second term as Fed Chair means for your wallet
(DBN)

The Fed Must Think Creatively Again
(DBN)

Seven High Frequency Indicators for the Economy
(DBN)

FactCheck: “No economist out there is projecting that (the Build Back Better bill) will have a negative impact on inflation.”
(DBN)

Why the global inflation surge could signal an economic collapse
(DBN)

75% of Americans think the government should help them save for retirement
(DBN)

More than 90% of federal workers got COVID shot before deadline • Administration expects 95% compliance with federal worker vaccine mandate
(DBN)

American Medical Association warns halting Biden Covid vaccine mandate will cause severe harm
(DBN)

U.S. consumer credit demand back to pre-pandemic levels - NY Fed survey
(DBN)

Americans are mad about the economy, but still ready to shop
(DBN)

43 percent in new poll say Biden spending package will make inflation worse
(DBN)

Las Vegas strip club shuts down audition after more than 1,000 women signed up to try out | Daily Mail Online
(DBN)

Minimum wage for workers on new federal contracts will rise to $15 starting Jan. 30
(DBN)

Here’s how the National Guard is combating the labor crisis
(DBN)

Yes, there are turkeys for Thanksgiving - for a price
(DBN)

Office holiday parties are back and smaller than ever
(DBN)

Democrats’ child care plan could help millions — or it could be a big mess
(DBN)

California ports report supply chain progress, delay fines for lingering cargo containers • 6 Signs the Supply Crisis is Easing
(DBN)

Samsung Picks Texas Site for Advanced U.S. Chip Plant
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

NAR: Existing-Home Sales Increased to 6.34 million in October • More Analysis on Existing Home Sales • Existing-home sales rise slightly as demand remains strong for housing • U.S. home sales rise to nine-month high; supply still tight • Home sales rose in October as investors rushed into the market • US home sales on track for the best year since 2006
(DBN)

Housing Inventory Nov 22nd Update: Inventory Down 2.3% Week-over-week
(DBN)

Mindspace REIT Sees Office Rentals Rising on Supply Crunch
(DBN)

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Municipalities:

Mayors are more worried about your mental health than whether or not their cities are dead
(DBN)

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Oil/Gas:

OPEC Not Oil Market Savior, Even Under US SPR Threat
(DBN)

U.S. Shale Is Refusing To Reinvest Despite Record High Cash Flow
(DBN)

Oil Very Cheap Relative to Other Assets, JPM’s Kolanovic Says
(DBN)

US, Japan, Others to Release Oil Reserves • Biden eyes SPR crude oil release in coming days • U.S. oil down early Tuesday as White House announces release of 50 million barrels from strategic reserves • Oil Extends Loss as U.S., Allies Tap Oil From Emergency Reserves • India Plans 5 Million Barrel Oil Reserve Sale With Odds of More
(DBN)

Lawmaker Says White House is Mulling Ban on Crude Oil Exports
(DBN)

New homes in England must have EV charging points, government says
(DBN)

Fifteen States Threaten to Cut Off Banks That Refuse to Service Coal, Oil Industries
(DBN)

BP goes on hydrogen hiring spree
(DBN)

Texas adds 2,300 oil exploration, production jobs in October
(DBN)

How high are today's gasoline prices compared with recent history?
(DBN)

____________

Climate:

Study casts doubt on climate emissions pledge estimates
(DBN)

The Supreme Court Wants to Make It Even Harder for the Government to Solve Climate Problems
(DBN)

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Autos:

Here's How Hertz Might Save Itself From A Catastrophic End
(DBN)

____________

Education:

Expanding Pell Grants to for-profit colleges benefits institutions, not students
(DBN)

Here Are the Books Parents Want to Ban in Schools Now
(DBN)

____________

Coal:

As a coal plant fights for life, it could enrich Manchin
(DBN)

____________

Trucking:

‘Indentured servitude’: low pay and grueling conditions fueling US truck driver shortage
(DBN)

____________

Nursing Homes:

A nursing home where 83 residents died of Covid is still in business under a new name
(DBN)

____________

Movie Theaters:

AMC CEO Adam Aron has led insider sales at the theater chain as executives cash out $70 million in 2021
(DBN)

____________

Agribusiness:

‘Once We’re Gone, We’re Not Coming Back’
(DBN)

____________

Student Debt:

5.6 million student-loan borrowers could be subject to 'abusive practices' next year at the hands of a new company, Elizabeth Warren warns
(DBN)

Peace Corps Volunteers Fall Through the Cracks of a Student Loan Fix
(DBN)

____________

Crypto:

U.S. Pursues Young Briton Over $8.5 Million Bitcoin Plunder
(DBN)

____________

Trucking:

Poor conditions and low pay for truckers helped fuel supply chain crisis
(DBN)

____________

Politics:

Ted Cruz Gets Shut Down On CBS For Indulging Voter Fraud Lies
(DBN)

Bret Baier and Chris Wallace Reportedly Protested to Fox News Leadership About Tucker Carlson’s Patriot Purge • I left Fox News after 12 years. Tucker Carlson’s ‘Patriot Purge’ was the final straw
(DBN)

Trump-backed Senate candidate in Pennsylvania suspends campaign
(DBN)

"Overwhelming evidence" Cuomo engaged in misconduct • Cuomo's conduct while in office was 'extremely disturbing,' N.Y. Assembly finds
(DBN)

AOC calls out the 'enormous' amount of executive power Biden could have on student debt, climate change, and immigration while she's watching him 'hand the pen to Joe Manchin and Kyrsten Sinema'
(DBN)

What's next for Biden's Build Back Better Act? Possible big changes in the Senate
(DBN)

Poll shows Sinema's popularity dropping further among Arizona Democrats
(DBN)

Kyrsten Sinema threatened to torpedo Biden's social spending plan if Pelosi didn't hurry up and pass the infrastructure bill, report says
(DBN)

Chris Christie says 2020 election lies were his 'red line' with Trump
(DBN)

The QAnon JFK Cult in Dallas Is Tearing Families Apart
(DBN)

Gohmert to Run for Texas Attorney General
(DBN)

Trump poll tests his 2024 comeback map
(DBN)

____________

 
New Bankruptcy Opinions
(5 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (5 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (14 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)

______________

DIP Finance:

Do Lenders Extract Rents When Financing Bankrupt Firms?
(DBN)

____________

Bankruptcy Strategy:

Restructuring Support Agreements: A Means to Eliminate Uncertainty in the Reorganization Process
(DBN)

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Miscellaneous:

The Cramdown Podcast: Restructuring Challenges in a Pandemic World
(DBN)

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Mootness:

Eighth Circuit Adopts Rigorous Standard for “Equitable Mootness” Dismissal
(DBN)

____________

Holdouts:

How Holdouts Put Restructuring at Risk
(DBN)

____________

IP:

Intellectual Property Licenses in Cross Border Insolvency: Lessons from In Re Qimonda
(DBN)

____________

Aviation:

A vaccine mandate for domestic air travel is not currently necessary because 'strategies' like masking are 'highly effective," Buttigieg says
(DBN)

Congress to airlines: Where did all that Covid money go?
(DBN)

Virgin Atlantic sees U.S.-UK planes 60-70% full in coming weeks
(DBN)

Officials identify convicted felon as suspect in accidental firearm discharge at Atlanta airport
(DBN)

Air Canada agrees to $4.5 mln settlement over delayed U.S. passenger refunds
(DBN)

Why do unsuccessful companies survive? US airlines, aircraft leasing and GE, 2000-2008
(DBN)

Delta to receive 20% of new shares of Aeromexico under restructuring plan
(DBN)

____________

Insurance:

South Carolina Balks At Pennsylvania Plan For Insolvent LTC Insurer
(DBN)

____________

Fraud:

Holmes arrives at court to resume testimony in Theranos fraud trial • Here are some of the prosecution’s key pieces of evidence.
(DBN)

____________

Sports:

NHL Star Evander Kane Ordered Back To Court With Sexual Assault Accuser, Bankruptcy Judge Signs Off On Alleged Victim's Plea
(DBN)

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Festivals:

Macy’s Parade Is Back This Thanksgiving, Without Kids on Floats
(DBN)

____________

Newspapers:

Hedge fund Alden in hunt for another big newspaper chain
(DBN)

____________

Retailing:

Looters strike high-end San Francisco-area stores for third day in a row
(DBN)

Walnut Creek police warn of more group robberies; stores urged to close early after Nordstrom was ransacked
(DBN)

Target to close stores on Thanksgiving for good
(DBN)

The Great Shopping Reset: How the Pandemic Helped Fix Retail
(DBN)

Best Buy beats expectations and raises guidance, but stock slumps
(DBN)

____________

Sovereigns:

African Nations Mend and Make Do as China Tightens Belt and Road
(DBN)

____________

UK:

Katie Price swerves final bankruptcy hearing AGAIN as court date is pushed back to February 2022
(DBN)

UK's Bulb to go into administration as funding talks collapse
(DBN)

As the latest energy company goes bankrupt, taxpayers will be hit with a hefty bill: the government is now a supplier.
(DBN)

Germany Tells U.K. to ‘Come to Your Senses’ on Northern Ireland
(DBN)

U.K. Lets Thousands Apply to Remain Long After Brexit Cutoff
(DBN)

U.K. PMIs Show Record Inflation and ‘Green Light’ for BOE Hike
(DBN)

____________

EU:

As Covid Sweeps Europe Again, Nations Tighten Rules and Protests Erupt
(DBN)

Dutch PM lashes out at 'idiots' after third night of violence
(DBN)

Riots give EU a headache as fourth Covid wave hits eurozone recovery
(DBN)

As Virus Cases Rise in Europe, an Economic Toll Returns
(DBN)

ECB Officials Urge Sticking to Stimulus Wind-Down Amid Inflation
(DBN)

ECB’s Knot Says New Lockdowns Won’t Delay Wind-Down of Stimulus
(DBN)

Europe’s Recovery at Risk From Covid Wave, Inflation Pressure
(DBN)

____________

Germany:

Germany debates forced vax
(DBN)

____________

China:

Evergrande Shares Worth $1 Billion Appear in Clearing System
(DBN)

Evergrande Shares Jump in Late Afternoon as Group Units Rally
(DBN)

One Investor Makes a Quick $582 Million in Evergrande Fire Sale
(DBN)

China Ramps Up Aid to Small Businesses Hurt by Economy’s Slump
(DBN)

____________

Japan:

Relatives of virus dead question Japan's stay-at-home policy
(DBN)

____________

Germany:

Merkel Says Covid Spike ‘Worse Than Anything We’ve Seen’

Germany Reasserts Lockdown Warning With Covid Cases Spiking
(DBN)

German minister's 'vaccinated, recovered or dead' warning is dead wrong, says top virologist
(DBN)

____________

France:

French Prime Minister Tests Positive as Covid-19 Wave Spreads
(DBN)

____________

India:

Limitation to file Appeal under Insolvency and Bankruptcy Code 2016 Starts Running from the Date of Pronouncement of Order
(DBN)

India has no COVID vaccine booster plan yet as natural infection rate high -sources
(DBN)

____________

Austria:

Vaccine Holdouts Face $4,000 Fine in Austria’s Virus Crackdown
(DBN)

Austria Lockdown May Cost $4 Billion, Push 400,000 to Jobs Plan
(DBN)

‘Annoyed’: Austria’s national lockdown dampens holiday mood
(DBN)

Ski slopes avoid closure despite nationwide lockdown in Austria
(DBN)

____________

New Zealand:

New Zealand to end tough Covid curbs, adopt new virus-fighting system next week
(DBN)

____________

Kenya:

Kenya will impose widespread restrictions on the unvaccinated starting next month.
(DBN)


____________

South Africa:

Eskom’s Biggest Creditor Sees Barriers to Debt-for-Equity Swap
(DBN)

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