November 30, 2021

The Daily Bankruptcy News

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Law:

Associate Compensation Scorecard: Biglaw’s 2021 Bonus Blowout
(DBN)

LeClairRyan trustee reaches $10M settlement with firm’s former leaders
(DBN)

Credit Suisse Reportedly Dumps Biglaw Firm Over A Lost Briefcase, Firewalls, And Conflicts
(DBN)

Litigation Finance Companies Eye Law Firm Ownership in Arizona
(DBN)

New program guarantees diverse students admission to law school New Program Guarantees Law School Admission For Diverse Applicants
(DBN)

Ohio law school back in compliance with program standard, ABA legal ed section’s council finds
(DBN)

One-Third Of The Way Through The Fall 2022 Law School Admissions Cycle: Applicants Are Down 4.4% And In All LSAT Bands (Especially 170-180 (-13.6%)), Except 150-159 (+0.3%)
(DBN)

Yale Law School Is A Microcosm Of A Failing Democracy
(DBN)

Court hearing for 'Jesus Christ Superstar' actor goes off the rails as the Jan. 6 suspect declares himself a 'sovereign citizen': report Jan. 6 committee will vote on holding former DOJ official in contempt 'QAnon Shaman' Recently Sentenced to Prison Now Has a New Lawyer, May Claim Ineffective Assistance of Counsel on Appeal New Jersey Man Who Bragged on Facebook About Urinating in Pelosi’s Office Pleads Not Guilty in Jan. 6 Case Jan. 6 investigators prepare to hold former Trump admin official in contempt Judge lets actor charged in Jan. 6 riot head home despite ‘gobbledygook’ at hearing
(DBN)

Appeals court to weigh Trump arguments to withhold records
(DBN)

Prosecutors say Bannon seeking to 'try this case in the media' DOJ Comes Out Swinging As Bannon Attempts To Turn Case Into Public Circus
(DBN)

Jeffrey Epstein's Ex-Pilot Takes the Stand as Witness Testimony Kicks Off in Ghislaine Maxwell's Sex Trafficking Trial 'Dangerous Predators': Prosecutor Opens Long-Anticipated Trial of Ghislaine Maxwell with a Tale of 'Jane' and Jeffrey Epstein An Anonymous Jury Has Been Selected for Ghislaine Maxwell's Sex Trafficking Trial. Here's What We Know About the Panel Maxwell, Epstein were ‘partners in crime,’ prosecutor says
(DBN)

D.C. faces spike in homicides
(DBN)

21-year-old Kansas state lawmaker arrested for second time in a month
(DBN)

California Man Shot and Killed His Four Young Kids and Mother-in-Law, Then Walked into Lobby of Sheriff’s Office: Sheriff
(DBN)

Texas Mom Gunned Down by 15-Year-Old Son While Babysitting Her 2-Year-Old Granddaughter: Police
(DBN)

Hunter Accidentally Shot and Killed His 11-Year-Old Daughter: Deputies
(DBN)

Pregnant Librarian Drove into Motorcyclist on Purpose and Pulled Gun on Him When He Followed Her Home, Cops Said. The Man Allegedly Shot and Killed Her.
(DBN)

To protest COVID mandates, this California town declared itself a 'constitutional republic'
(DBN)

Police investigating antisemitic fliers left at homes in Beverly Hills
(DBN)

Cosby prosecutors urge Supreme Court to restore conviction
(DBN)

9 Democrats urge DOJ to free lawyer who won lawsuit against Chevron
(DBN)

Marilyn Manson's house raided by LA police
(DBN)

Lawyer: Jussie Smollett ‘a real victim’ of attack in Chicago
(DBN)

Texas SWAT Blew Up Innocent Woman's Home
(DBN)

'Y’all going to kill me?' Years apart, mother and son die in police restraints
(DBN)

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Judges:

Judge Homer Drake’s Top 10 Confirmation Opinions – Part 5 (#2)
(DBN)

How the Supreme Court could overrule Roe v. Wade without overruling Roe v. Wade Roe v. Wade hangs in balance as reshaped court prepares to hear biggest abortion case in decades Supreme Court to hear landmark abortion case this week Lone Mississippi clinic on front line of U.S. Supreme Court abortion battle
(DBN)

Supreme Court Justices Are People Too
(DBN)

Conservative group targets Biden court pick ahead of Mississippi abortion case
(DBN)

4th Circuit judge rescinds plan to take senior status Judge's Senior Status Reversal To Screw Joe Biden Just More Reason For Sweeping Judicial Reform
(DBN)

Judicial vacancies open door for Biden to offset Trump's legacy in court system
(DBN)

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Wall Street:

Dow futures down more than 500 points as reopening stocks get slammed on Omicron fears Stock futures tumble anew as Moderna CEO predicts existing vaccines will be less effective against omicron variant
(DBN)

Global markets rattled by omicron vaccine worries
(DBN)

Strategists Say Virus Turmoil Is Overdone as Stocks Bounce Back
(DBN)

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Food/Beverage:

Big restaurant chains including Olive Garden, Applebee's, IHOP, and Cheesecake Factory are cutting back on delivery amid staff shortages
(DBN)

New Fla. law could punish compliers with Biden's vaccine mandate
(DBN)

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Healthcare:

Omicron adds urgency to vaccinating world 'This is not going to be good' — Moderna CEO on what scientists are telling him about the omicron coronavirus variant Omicron mutations alarm scientists, but new variant first must prove it can outcompete delta WHO says Omicron poses "very high" risk WHO: Not yet known whether Omicron leads to more severe disease All adults should get a Covid booster shot, CDC says People with the Omicron variant have 'extremely mild' symptoms and haven't had to be hospitalized yet, says the South African doctor who first reported it Biden: Omicron coronavirus variant 'cause for concern, not a cause for panic' Omicron appears to be producing more mild cases of COVID-19 so far. Public health officials are encouraged—but cautious First North American Omicron cases identified in Canada As omicron emerges, a tired public has little appetite for new restrictions Why You Shouldn't Panic Over Omicron
(DBN)

Supreme Court won't exempt Mass. hospital workers from vaccine mandate
(DBN)

Some Hospitals Prepare to Lose Staff Over Covid-19 Vaccination Mandate
(WSJ)

Federal workers who don't meet vaccine mandate won't face discipline until January
(DBN)

Michigan hits new record for adult COVID-19 hospitalizations; 80% of beds full
(DBN)

NYC Advises Indoor Mask Wearing as Omicron Variant Spreads Around World NYC urges masks indoors "at all times" regardless of vaccination status
(DBN)

WHO warns against travel bans on southern African countries I studied covid travel bans. It's already too late for them to stop omicron.
(DBN)

Pfizer/BioNTech, Moderna expect data on shot's protection against new COVID-19 variant soon
(DBN)

BioNTech has already started developing a new Omicron version of its COVID-19 vaccine
(DBN)

Pfizer CEO confident Covid treatment pill will be effective against omicron variant
(DBN)

Moderna extends 2-day gain to 32% after it says Omicron vaccine will be ready in early 2022 Moderna CEO says it will take months to clear a new Covid vaccine targeting omicron
(DBN)

We don't need universal booster shots. We need to reach the unvaccinated.
(DBN)

'Exactly what experts have been warning': Omicron linked to global vaccine inequality Omicron brings COVID-19 vaccine inequity ‘home to roost’
(DBN)

As the omicron variant arrives in the West, wealthy countries are reaping what they sowed
(DBN)

China’s Xi Pledges Additional 1 Billion Vaccine Doses to Africa
(DBN)

Biden administration focuses on booster shots as best strategy against new coronavirus variant
(DBN)

A couple who visited South Africa were arrested for escaping their quarantine hotel in the Netherlands and trying to flee the country Dutch police say they’ve arrested couple who were trying to flee Covid quarantine Dutch Covid hotel saga raises quarantine questions
(DBN)

Hundreds of People Queued Up to Be Injected With an Illegal ‘Homemade’ Vaccine
(DBN)

6-foot social distancing rule doesn’t protect from COVID-19 whether indoors or outdoors
(DBN)

The State Where Fatal Drug Overdoses Are Rising Fastest New opioids, more powerful than fentanyl, discovered in DC amid deadly wave of overdoses
(DBN)

Justices Give HHS Chilly Reception in Case About Federal Funding for Hospitals Serving Low-Income Patients
(DBN)

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Economy:

Powell to tell Senate omicron variant poses downside risk to economy, complicates inflation picture Fed Chair Powell: "Factors pushing inflation upward will linger well into next year"
(DBN)

Tracking the pandemic's unequal impact
(DBN)

Workers Quit Jobs in Droves to Become Their Own Bosses
(WSJ)

GDI and GDP
(DBN)

What Happens When You’re the Investment
(DBN)

GOP courts anti-vaxxers with jobless aid
(DBN)

Biden: Fight against Omicron won't include "shutdowns or lockdowns"
(DBN)

Only 10% of financial market participants see the new Omicron variant as a significant event, Deutsche Bank survey shows
(DBN)

Biden faces uncertain threat with Omicron variant as evolving pandemic tests nation's patience
(DBN)

Inflation has risen around the world, but the U.S. has seen one of the biggest increases
(DBN)

U.S. Commerce chief says too soon to tell if Omicron will impact supply chains
(DBN)

Companies still cautious on impact of Omicron
(DBN)

Biden to meet with CEOs on supply chain amid new COVID threat
(DBN)

Administration tells some agencies they can delay firings of unvaccinated federal employees until after the holidays
(DBN)

The 12 days of Christmas are more expensive this year
(DBN)

The remote work revolution hasn’t happened yet
(DBN)

Seven High Frequency Indicators for the Economy
(DBN)

White House holiday decor honors COVID-19 frontline workers
(DBN)

Judge halts Biden vaccine mandate for health workers in 10 states
(DBN)

Pentagon rejects Oklahoma's request to exempt Guard from vaccine mandate
(DBN)

House Democrats Eye Mid-to-Late January as Next Stopgap Deadline
(DBN)

No deal in sight as Congress nears debt limit deadline Congress hopes to avoid a government shutdown as Friday deadline approaches 'No appetite' for a shutdown as Congress readies funding fix Congressional failure to raise the debt ceiling could "eviscerate" pandemic recovery, warns Treasury Secretary Janet Yellen
(DBN)

Top economist warns conditions are ripe for 1970s-style 'stagflation'
(DBN)

Rolling back U.S.-China tariffs would ease inflation: Former U.S. Treasury secretary
(DBN)

Travel bans upend holiday plans amid new virus fears
(DBN)

Omicron Fails to Halt Art Basel Miami as People Crave Normalcy
(DBN)

Why Northern States are Economic Laggards
(DBN)

America' s Coming Population Collapse
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Pending home sales rebounded sharply in October, despite rising mortgage rates U.S. pending home sales surge in October NAR: Pending Home Sales Increased 7.5% in October U.S. Pending Home Sales Rebound to Highest Level of the Year
(DBN)

2022 Housing Forecasts
(DBN)

Housing Inventory Nov 29th Update: Inventory Down 2.6% Week-over-week
(DBN)

The State Where the Most People Are Behind on Their Mortgages
(DBN)

States, cities running out of rental assistance monies
(DBN)

Black Knight: Number of Mortgages in Forbearance Increased Slightly
(DBN)

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Oil/Gas:

Seadrill bags multiple contracts as it prepares to emerge from bankruptcy
(DBN)

Oil heads for biggest monthly loss since March 2020, after Moderna boss questions vaccine effectiveness against Omicron
(DBN)

Oil prices are set to rise as high as $150 a barrel as OPEC+ controls supply in the face of Omicron concerns, JPMorgan says
(DBN)

Nissan makes its move on electric vehicles Nissan to invest $17.6 billion in bid to ramp up electric vehicle offering
(DBN)

Buttigieg: Families who buy electric vehicles 'never have to worry about gas prices again'
(DBN)

Oil-and-gas leasing plan shows climate agenda's limits
(DBN)

Natural Gas Plunges 12% on Demand-Killing U.S. Weather Outlook
(DBN)

Morgan Stanley Slashes Oil Price Forecast On Omicron Fears
(DBN)

In shadow of Texas gas drilling sites, health fears escalate
(DBN)

____________

Politics:

Dems fear supply-chain blame
(DBN)

The CIA said briefing Trump was 'far and away the most difficult' than with any other president
(DBN)

ABC News correspondent already concerned about coverage if Trump runs in 2024 because he is 'essentially an anti-democratic candidate'
(DBN)

Trump was unprepared for the 2016 transition because his team didn't think they'd win the election, CIA-published book says
(DBN)

Democratic midterm fears mount as policies fail to resonate with voters
(DBN)

Schumer: 'Goal' is to pass Biden spending bill before Christmas
(DBN)

Trump allies work to place supporters in key election posts across the country, spurring fears about future vote challenges
(DBN)

QAnon-linked ex-CEO moves for Michael Flynn to be named president if Trump 'doesn't want' to be reinstated
(DBN)

Congress returns to work staring down fiscal deadlines and unresolved fights over Biden's agenda
(DBN)

Showdowns Loom in Congress Over Debt Limit, Shutdown, Biden Agenda
(DBN)

Rep. Nancy Mace Pushes Wildly Different Covid Messages in Same-Day Appearances on Fox and CNN
(DBN)

Fauci responds to Ted Cruz's suggestion he should be prosecuted: 'I should be prosecuted? What happened on January 6, senator?' Paul, Cruz fire back after Fauci says criticism of him is 'dangerous'
(DBN)

'Fox & Friends' hosts baselessly suggested that Democrats are making up new COVID-19 variants to buy them time to fix the supply-chain crisis Trump's WH doctor calls omicron a midterm elections trick
(DBN)

New Jersey GOP plans to boycott Statehouse vaccine requirement
(DBN)

‘This Smacks of Something Gone Awry’: A True Tale of Absentee Vote Fraud
(DBN)

'Self-humiliation': GOP House leader torched by conservative for 'bending the knee' to Marjorie Taylor Greene
(DBN)

Omar, Boebert blast one another after tense call Islamophobia controversy worsens after Boebert calls Omar
(DBN)

CNN host Chris Cuomo used his media sources to find out info on brother Andrew’s accusers, records show
(DBN)

Supporters gear up to collect signatures on petition to decide presidency by popular vote
(DBN)

Tucker Carlson: Fauci is Like Mussolini Lara Logan: Fauci is Like Nazi Doctor Mengele
(DBN)

Chinese titan lavished Hunter Biden with 3-carat gem, offer of $30 million
(DBN)

____________

 


New Bankruptcy Opinions
(5 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (8 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (9 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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Indenture Trustees:

Two Important Rulings on Payment of Indenture Trustee Fees in Chapter 11 Cases
(DBN)

____________

UST:

Delaware Bankruptcy Court Rebuffs U.S. Trustee Effort to Collect Statutory Fees from Litigation Trust Distributions
(DBN)

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Bankruptcy Crimes:

Former Richmond Attorney Sentenced for Obstructing Investigation of Bankruptcy Embezzlement
(DBN)

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Preclusion:

5th Cir. Rejects Borrower’s Bankruptcy Claim Objection as Barred by Res Judicata
(DBN)

____________

Aviation:

TSA: Sunday marked busiest day for air travel since start of pandemic
(DBN)

Thanksgiving air travel surges but omicron poses new challenge
(DBN)

Travel sector sees recovery slip from grasp amid new coronavirus scare
(DBN)

How Boeing Was Set on Path to Disaster
(DBN)

Ryanair CEO says Omicron no reason to cancel flights
(DBN)

Omicron already playing havoc with travel and tourism
(DBN)

Musk: SpaceX Could Face Bankruptcy
(DBN)

International travelers stranded, angry in omicron's wake: 'The first thing I did was cry'
(DBN)

Japan, Israel, and Morocco ban all foreign travelers from entering over Omicron variant fears
(DBN)

Brazil's Azul backs off from LATAM bid, citing valuation concerns LATAM presents reorganization plan, rejects Brazilian group offer, and has to wait until January 27 LATAM Airlines Shares Plummet 85% After Restructuring Plan Revealed Flight plan: LATAM Airlines eyes Chapter 11 exit
(DBN)

Turkish Air Denies It’s Mulling an Investment in Portugal’s TAP
(DBN)

____________

Sports:

NBA star on COVID-19 battle: 'I really thought I wasn't going to make it'
(DBN)

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Private Equity:

Private equity’s biggest Ponzi scheme
(DBN)

____________

Retailing:

More than half of shoppers are going into debt this holiday season, study finds
(DBN)

Amazon poised to pass UPS, FedEx in U.S. deliveries by early 2022, exec says
(DBN)

Winners and losers of Black Friday 2021
(DBN)

Organized Retail Thefts Continue Over Thanksgiving Weekend
(WSJ)

'I can’t even afford to buy a cart of groceries': Spiraling inflation leaves some grocery workers struggling
(DBN)

____________

Student Debt:

Old Myths Die Hard: District Court Reverses Bankruptcy Court’s Discharge of Student Loan Debt Under Brunner
(DBN)

Here are 5 changes student loan borrowers could see in 2022
(DBN)

____________

Movie Theaters:

Thanksgiving box office shows theaters have long road to recovery
(DBN)

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Religion:

Catholic nuns lift veil on abuse in convents
(DBN)

____________

Coal:

Striking US Coal Miners Say Windfall For Private Equity Forced Pay To Be Cut
(DBN)

____________

Agribusiness:

Delta farmers file suit after Missouri bank seizes harvest in grain elevator bankruptcy
(DBN)

____________

Mass Torts:

2 N.J. Boy Scout councils selling camps to pay for sexual abuse settlements
(DBN)

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Climate:

Cautious hope for CO2 capture after "false starts"
(DBN)

Storms pummel flood-hit Pacific Northwest as border river overflows
(DBN)

A changing climate is buckling concrete and flooding roads. States are moving slowly to guard the nation's infrastructure.
(DBN)

These Australian Coal Mines Are Methane Super-Emitters
(DBN)

How ‘Climate Migrants’ Are Roiling American Politics
(DBN)

____________

Fraud:

Considering the Conduct of Two PPP “Fraudsters,” Bankruptcy Court Shows Its Teeth but Declines to Bite (For Now)
(DBN)

Holmes' testimony reaches fourth day in U.S. Theranos fraud trial ‘I Adore You’: Elizabeth Holmes’s Romance With Sunny Balwani  Creeps Back Into Her Trial Elizabeth Holmes accuses ex-boyfriend and Theranos COO Sunny Balwani of rape, coercion Elizabeth Holmes Continues to Blame Others
(DBN)

Texas man who got $1.6 M in PPP loans, bought Lamborghini is sentenced to 9 years
(DBN)

____________

Hotels:

Hotel Industry Braces for Bankruptcies Amid Uneven Pandemic Recovery
(DBN)

____________

Utilities:

Texas Hasn't Done Enough to Fix the Power Grid Abbott: The Power Will Stay on This Winter
(DBN)

____________

UK:

How Does the New UK Code Of Practice Assist Landords and Tenants in Rent Negotiations?
(DBN)

U.K. Urges Booster for All Adults, Second Shot for Ages 12-15
(DBN)

The stock price of Amigo Loans has plummeted by more than 25% as the company admits it is on the verge of bankruptcy
(DBN)

More panic in the UK energy crisis, as a gas giant with 65,000 customers is on the verge of going bankrupt.
(DBN)

____________

EU:

Eurozone inflation rocketed to its highest ever level in November as energy prices sent the cost of living soaring Euro zone inflation rate hits a record 4.9% for November
(DBN)

____________

China:

Evergrande shares fall after chairman cuts stake; Fantasia suspends trading
(DBN)

Ashmore Doubled Down on Evergrande Debt as Others Hit the Exits
(DBN)

Evergrande’s bankruptcy still just a matter of time
(DBN)

China promotes domestic tourism to Xinjiang, site of ongoing genocide
(DBN)

____________

MENA:

HRW: Over 100 former Afghan security members dead or missing under Taliban rule
(DBN)

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