November 5, 2021

The Daily Bankruptcy News

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Law:

Get Ready For 'Aggressive' Biglaw Rate Hikes In 2022
(DBN)

UK: Cooley and Ropes & Gray sail into £140,000+ NQ club
(DBN)

Some California law firms turn down work amid associate shortage; six-figure signing bonuses reported
(DBN)

Remote Work Is Making Better Lawyers
(DBN)

New York Wants Firms To Cap Attorneys' Billable Hours. HAHAHAHAHAHA [Sad Face]
(DBN)

Gibson Dun Names New Bankruptcy Partner
(DBN)

Which law firms have the youngest and oldest partners?
(DBN)

Law School Halloween Party Turns Into Rockin' COVID Party!
(DBN)

Florida lawyer is disbarred over alimony dispute that led to imprisonment
(DBN)

‘No one can stop me’: Lawyer tells bar he isn’t really suspended, and it can’t block his paralegal work
(DBN)

Someone Take Lin Wood's Keyboard Before He Gets In More Trouble
(DBN)

Lawyers suspended in Dubai for 'upsetting powerful Emirati'
(DBN)

More On The Yale Law School Email Controversy • The Newest Insanity Out Of Yale Law School
(DBN)

Ex-Clifford Chance trainee loses court battle to force parents to pay him maintenance for life
(DBN)

'Yours sensually': Lawyers reveal their best typos
(DBN)

Majority of Latinos Say Skin Color Impacts Opportunity in America and Shapes Daily Life
(DBN)

Rep. Cheney: Jan. 6 committee has interviewed more than 150 people • Rioter who punched police officer at US Capitol should get over 3.5 years in prison, prosecutors say • Federal judge skeptical of Trump's efforts to block release of presidential documents • 'That Is Literally Congress's House': Judge Skewers Donald Trump's Argument That Jan. 6 Investigation Lacks Legislative Purpose • Rioter who bragged she wouldn’t go to jail gets prison term • Trump DOJ lawyer Jeffrey Clark to testify before Jan. 6 panel Friday • Woman Who Went to D.C. on Jan. 6 'Clearly Anticipating' Violence Is Sentenced to Probation, Home Confinement • Committee interviews Jan. 6 rioter who witnessed state GOP contacts with Trump allies • 2 federal judges are poised to quietly begin unlocking reams of Jan. 6 secrets for Congress • Former Trump Justice Dept official to testify before Capitol riot panel on Friday • The January 6 committee reportedly interviewed a Capitol riot defendant with knowledge of contacts between state-GOP officials and Trump allies
(DBN)

Timeline of the coup: How Trump tried to weaponize the Justice Department to overturn the 2020 election
(DBN)

The Manhattan DA's office has convened a second grand jury to weigh potential criminal charges against the Trump Organization, report says
(DBN)

Biden: Payments for families separated at border "not going to happen" • W.H. softens Biden's opposition to family separation settlements
(DBN)

GOP strategist was charged with sex trafficking minors. Then he tried to 'threaten' law enforcement, judge says.
(DBN)

Language matters in the Kyle Rittenhouse trial • Rittenhouse trial: Someone else fired into the air first • Kyle Rittenhouse Trial: Juror Removed Over Joke About Jacob Blake Shooting • Kyle Rittenhouse Trial Judge Boots Juror Who Joked About Why It Took 'Seven Shots to Shoot Jacob Blake' • Chief Video Director for Conservative Website Founded by Tucker Carlson Testifies at Kyle Rittenhouse Trial • Man cursed, lunged for Rittenhouse's gun before teen shot him -witness • Witness Testifies That Man Kyle Rittenhouse Shot Said 'If I Catch Any of You Guys Alone Tonight, I'm Going to F***ing Kill You' • Jurors see graphic videos of men shot by U.S. teen in Wisconsin
(DBN)

Only 1 Black Juror Is Chosen for Trial Over Ahmaud Arbery’s Killing • 15 of The 16 Potential Jurors In The Ahmaud Arbery Trial Are White. Problem? • Arbery death trial dominated by race before it even begins • Murder or self-defense? Jury to begin hearing case in killing of Ahmaud Arbery
(DBN)

Neo-Nazi told leader of group at deadly 2017 Charlottesville rally: 'We're all doing it together'
(DBN)

Russian Analyst Arrested in Probe by Trump-Era Special Counsel • Key Steele dossier source indicted on charges of lying to FBI • Analyst who aided Trump-Russia dossier is arrested
(DBN)

Florida Man Attacked Pregnant Nurse Just Weeks Away from Due Date, Killing Her Unborn Baby: Police
(DBN)

Kansas Woman Pleads Guilty to Brutal Murder of Boyfriend's 3-Year-Old Daughter. She Kept the Toddler 'Locked in a Dog Kennel.'
(DBN)

Feds Say Mississippi Woman Used WhatsApp and Paid Someone in Bitcoin in Murder-for-Hire Plot. The 'Hitman' Was Actually an Undercover FBI Agent.
(DBN)

This Is the State That Sells the Most Guns
(DBN)

Industry pushes back on federal, congressional cybersecurity mandate efforts
(DBN)

Texas police search thousands of drivers and find nothing
(DBN)

______________

Judges:

Kyle Rittenhouse Judge Gives Impromptu Sermon On Biblical Hearsay
(DBN)

Federal Judge's Ethical Lapse In 100+ Cases
(DBN)

______________

Wall Street:

Stock futures are muted ahead of October jobs report • Stock futures rise, pointing to more Wall Street records as investors await October payrolls
(DBN)

S&P 500 notches 63rd record close of 2021 amid encouraging jobless-claims data and tech strength
(DBN)

Fed taper elicits market yawn
(DBN)

Legendary investor Jeremy Grantham says US stocks are in a 'magnificent bubble' even crazier than in 1929
(DBN)

______________

Autos:

Rental vehicle stocks pop after turn to electric vehicles
(DBN)

Hertz in talks with Tesla for EV delivery timeline • Tesla, Hertz Fight Over Delivery Schedule
(DBN)

Dozens of customers allege Hertz had them falsely arrested over rental cars reported stolen: "It was just terrifying"
(DBN)

Tesla’s Breakneck Rally Opens Biggest-Ever Chasm With Analysts
(DBN)

Tesla Buyers Have Longest Loan Terms
(DBN)

JPMorgan’s refusal to increase Hertz bid costs co-investors billions
(DBN)

A tale of two automakers
(DBN)

How much money you’d have if you invested $1,000 in Tesla 1, 5 and 10 years ago
(DBN)

Ford to retire $5 billion in high-interest debt, issue green bonds • Ford to Cut Debt Costs in Half by Retiring ‘Covid Bonds’
(DBN)

____________

Pharma:

Medicare drug negotiations may not be as limited as we thought
(DBN)

____________

Tech:

Airbnb profits surge 280% in third quarter
(DBN)

____________

Retailing:

Amazon just rolled out a bunch of perks for working parents, like customized scheduling, caregiver support, and up to 20 weeks of parental leave
(DBN)

Forget the supply chain ruining Christmas. Companies are prepping for a blowout holiday season.
(DBN)

Wayfair's sales fall nearly 20% as consumers shift spending
(DBN)

Private equity-owned PetSmart under scrutiny from Elizabeth Warren after activist group's report
(DBN)

____________

Utilities:

PG&E to spend $125M for igniting massive California fire
(DBN)

____________

Religion:

Diocese of Norwich racks up additional $1.1 million in legal fees in bankruptcy case
(DBN)

____________

Nursing Homes:

The Forgotten Nursing-Home Tragedy
(DBN)

____________

Tourism:

Armed Gang Storms Beach at Cancun Luxury Hotel
(DBN)

____________

Healthcare:

New Hampshire hospital group to wind down
(DBN)

COVID cases fall by 20%, deaths down 15%
(DBN)

November 4th COVID-19: Over 70,000 New Cases per Day
(DBN)

Delta Covid Offshoot Rising in UK
(DBN)

Western Australia sets 90% vaccination target for reopening
(DBN)

Study shows dramatic decline in effectiveness of COVID-19 vaccines over time
(DBN)

New COVID-19 pill cut hospital, death risk by 90%
(DBN)

Will the newly vaccinated in the U.S. be protected for the holidays? The calendar is tight.
(DBN)

Covid study finds some 28 million extra years of life lost in 2020, with U.S. male life expectancy badly hit
(DBN)

Fauci blasts Paul for saying he is responsible for COVID pandemic
(DBN)

Europe Is Covid Epicenter Once Again As Cases Surge, WHO Says
(DBN)

Florida businesses, cities and schools risk big fines for defying the governor with pandemic mandates
(DBN)

Oxford Scientists Find Gene That Doubles Risk of Dying From Covid-19
(DBN)

____________


Economy:

U.S. weekly jobless claims fall to new 19-month low • Weekly Initial Unemployment Claims Decrease to 269,000 • U.S. jobless claims drop to pandemic low of 269,000 as firms avoid layoffs during labor shortage
(DBN)

U.S. Seasonal Job Postings Reach Record of Almost 1 Million
(DBN)

Subsiding Delta wave seen boosting U.S. job growth; worker shortages still a constraint
(DBN)

The latest data on the economy say it's totally recovered, but it still feels like a struggle for the working poor, experts say
(DBN)

Taking the pulse of business applications
(DBN)

Goldman October Payrolls Preview • October Employment Preview
(DBN)

October’s jobs report is expected to show a rebound in hiring as Covid cases declined
(DBN)

Economists think America is getting back to work
(DBN)

Clinton Treasury Chief Sounds Alarm on Inflation: Biden Administration ‘Still Not Fully Recognizing the Gravity of the Situation’
(DBN)

Higher inflation may be ‘more entrenched’ than transitory: CEO of major Asian bank
(DBN)

Holiday Hiring Is on a Tear, Signaling Wages Can Still Climb
(DBN)

Global Food Prices Are Getting Closer to a Record High • Meat 'sticker shock' looms as US$3,000 bonuses fail to end worker shortfall
(DBN)

U.S. labor costs surge in third quarter due to higher wages and production snafus
(DBN)

Citi’s Matt King on Why Inflation Isn’t Transitory and the Fed May Induce a Recession
(DBN)

Fed pulls back economic aid in face of rising uncertainties
(DBN)

Powell steers markets through Fed decision as international counterparts struggle
(DBN)

American Milk Is Getting More Expensive, With Prices Up 26%
(DBN)

Business activity surged in October
(DBN)

From a 'slow-up' to the 'Great Reshuffle,' Gen Z is demanding a better workplace. And it's working.
(DBN)

'Burned out'? Why won't more women return to the job market?
(DBN)

No more 9-5: Puma hopes hybrid work will power U.S. growth
(DBN)

Fed chair Jerome Powell on the meaning of transitory inflation
(DBN)

U.S. Productivity Falls Most Since 1981, Damped by Slower Growth
(DBN)

Central banks head for stimulus exit, but some take the slow lane
(DBN)

Biden sets a hard deadline for vaccine mandates • Biden mandates vaccines for every company with 100 employees or more by January 4 - or if not, regular testing • Workplace Vaccination Rule Released as Red States Prepare to Sue • Biden’s Covid Mandate for Business Could Make Hiring Even Harder • Conservative Website The Daily Wire Sues Biden Admin, Calls OSHA-Enforced Employer Vaccine Mandate 'Unconstitutional' • Business groups split over Biden vaccine-or-test mandate • Several big business groups aren’t happy with Biden’s Covid vaccine mandate • Republican governors lead attack on Biden vaccine mandate • American Airlines delays employee vaccine mandate deadline until 2022 after Biden postpones deadline • The legal challenges awaiting Biden's vaccine mandate
(DBN)

5-year-olds soon have to show vaccine cards in San Francisco
(DBN)

Thousands of intel officers refusing vaccine risk dismissal
(DBN)

Does your job description now include vaccine bouncer? This is what you need to know
(DBN)

Vaccine mandate is key to GDP, Biden economic adviser Bernstein says
(DBN)

Vaccine deadlines hit with a whimper
(DBN)

U.S. trade deficit jumps to record high in September • Trade Deficit Increased to $80.9 Billion in September • Trade Deficit in U.S. Widens to a Record as Exports Decline
(DBN)

Truckers at backlogged ports say they've waited in miles-long lines for up to 8 hours without pay
(DBN)

Progressives declare victory in spending bill fight • House set to vote Friday on revised social spending plan and infrastructure • Manchin will get last word, even as House races to pass megabill • Manchin says Democrats 'can't go too far left' • Tax Hikes in House Version of Biden Plan Come to Nearly $1.48 Trillion, Panel Says • Democrats put 401(k) and IRA restrictions back into Build Back Better plan • Democratic leaders amp up pressure on holdouts of Biden agenda • House Democrats reintroduce 4 weeks of paid leave • Here's what's in and out of Democrats' big social-spending bill — for now • House Democrats Hunt for Votes to Pass Biden’s Domestic Agenda • Biden’s big bill on brink of House votes, but fights remain
(DBN)

Energy Costs Push Inflation to 13-Year High in OECD
(DBN)

Hanesbrands CEO: 30% of our inventory is tied up in transit, higher than pre-Covid
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

Mortgage rates reverse course but are expected to continue their climb • Mortgage Rates in U.S. Slip to 3.09% for First Drop in Four Weeks
(DBN)

The pandemic was hard for everyone — except maybe landlords
(DBN)

Wealthy boomers aren't just keeping millennials from homeownership - they're screwing up the retirement plans of the rest of their generation
(DBN)

Zillow's $1.2 billion of mortgage bonds in focus after company abruptly exits home-buying business
(DBN)

Opendoor shares soar as investors predict gains in home buying market after Zillow’s exit
(DBN)

Three Prime Office Buildings Up for Sale at Bankruptcy Auction
(DBN)

Owner of Canada's most valuable mall plans to add apartments
(DBN)

This Is the State With the Most Houses Where No One Lives
(DBN)

This Is the State Where the Most People Own Their Homes
(DBN)

____________

Municipalities:

Michigan city on edge as lead water crisis persists
(DBN)

Two Rich Men Decided to Fund a Failing City. Some People Say They Made It Worse
(DBN)

This Is the American Town With the Smallest Income Gap
(DBN)

____________

Oil/Gas:

OPEC+ rebuffs Biden's demands to speed up oil production
(DBN)

COP26 takes aim at fossil fuels — with caveats
(DBN)

Big shale drillers enjoy cash flow, earnings boost from high gas prices
(DBN)

Bill Gates: Some oil giants won't make it
(DBN)

More than 20 countries promise to end financing for international fossil fuel projects at COP26
(DBN)

Shell to Move Away From Crude at Germany’s Biggest Refinery
(DBN)

Greece Brings In Climate Law, Banning Fossil-Fuel Cars From 2030
(DBN)

____________

Military:

USS Connecticut's leadership fired over submarine's collision with undersea mountain
(DBN)

____________

Student Debt:

16 million student-loan borrowers could be facing 'millions of mistakes and problems' at the hands of new student-loan companies, Elizabeth Warren says
(DBN)

____________

Hotels:

Hotels: Occupancy Rate Down 6% Compared to Same Week in 2019
(DBN)

____________

Ride Hailing:

Uber Makes First Operating Profit
(DBN)

____________

Fitness:

Peloton shares fall 25% as company posts wider-than-expected loss and slashes full-year outlook
(DBN)

Planet Fitness CEO says gym membership has almost reached its pre-Covid peak
(DBN)

____________

Cannabis:

Support for Legal Marijuana Holds at Record High of 68%
(DBN)

____________

Climate:

Al Gore warns of $29 trillion 'bubble' in global economy
(DBN)

The global carbon emissions rebound of 2021
(DBN)

The 3 most important wins from COP26 so far
(DBN)

The COP26 climate summit is drawing parallels to the disastrous Copenhagen meeting of 2009
(DBN)

Bill Gates calls for ‘green industrial revolution’ to stop climate change
(DBN)

World doesn't spend nearly enough preparing for climate disasters, U.N. report says • UN climate chief warns of ‘catastrophic’ consequences of inaction
(DBN)

Top Energy Agency Says COP26 Pledges Signal 1.8°C of Warming
(DBN)

The world has pledged to stop deforestation before. But trees are still disappearing at an 'untenable rate.'
(DBN)

____________

 
New Bankruptcy Opinions
(9 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 (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)
(DBN)

______________

Bankruptcy Reform:

Rep. Katie Porter - How Companies Use Bankruptcy to Avoid Liability
(DBN)

____________

Abandonment:

“Scheduled” Property & Automatic Abandonment (§ 554(c)): What About Listing Only On SOFA? (Stevens v. Whitmore)
(DBN)

____________

Professional Compensation:

Texas Courts Move Closer to Federal Standard in Proving Up Attorneys' Fees
(DBN)

____________

Corporate Governance:

Rehabilitating Corporate Criminal Liability
(DBN)

____________

Ch. 13:

Sixth Circuit Affirms Holding that Contributions to a 401(k) Plan Made More than Six Months Prior to Bankruptcy Cannot be Excluded from Disposable Income
(DBN)

____________

Aviation:

FAA refers 37 unruly passenger cases to FBI for criminal review
(DBN)

U.S. airline disruptions cast a pall over holiday travel
(DBN)

U.S. Airlines Scramble to Hire Workers to Prevent Mass Holiday Flight Cancellations
(DBN)

Elon Musk shares meme of Judge Dredd saying 'You have been judged' after Blue Origin loses NASA lawsuit over SpaceX contract
(DBN)

Boeing investors reach deal to settle safety lawsuit over 737 MAX -sources
(DBN)

____________

Education:

More Florida Professors Told Not to Testify
(DBN)

"Anti-CRT" school board candidates are winning
(DBN)

Are teachers overpaid or underpaid?
(DBN)

How Glenn Youngkin plans to address jobs, taxes and education after winning Virginia’s gubernatorial race
(DBN)

Students expelled for the year over video mocking death of George Floyd
(DBN)

____________

Labor:

Kellogg warns of earnings hit as workers' strike drags on
(DBN)

U.S. labor costs surge in the third quarter; productivity falls sharply
(DBN)

____________

Debt Collection:

A Paradigm Shift in Consumer Collections: How the CFPB's Final Rule is Certain to Affect Creditors and Debt Collectors
(DBN)

____________

History:

This tribe helped the Pilgrims survive for their first Thanksgiving. They still regret it 400 years later.
(DBN)

____________

Agribusiness:

Nitrogen Shortage to Force U.S. Farmers to Scale Back Fertilizer, CF Says
(DBN)

____________

Movie Theaters:

AMC stock slips after another analyst turns bearish, saying retail investors will eventually 'cash out and move on'
(DBN)

____________

Coal:

Several countries pledge to phase out heavily polluting coal • COP26: More than 40 countries pledge to quit coal
(DBN)

____________

Fraud:

Holmes said she was decision maker at Theranos in 2017, contradicting her defense team • Theranos swiped logos from Pfizer and another pharma giant for fake reports
(DBN)

Former USC athletic official to plead guilty in U.S. college admissions scandal
(DBN)

____________

Food/Beverage:

Casa Bonita Sale: Bankruptcy Judge Clears The Way For ‘South Park’ Creators Trey Parker And Matt Stone To Buy Iconic Restaurant
(DBN)

____________

Mass Torts:

J&J Takes Second Shot at Halting Baby Powder Suits in Bankruptcy
(DBN)

J&J fails in final bid to appeal Australian pelvic mesh class action ruling
(DBN)

____________

Politics:

Tim Eyman defaults on court-ordered payments
(DBN)

ADL, Jewish groups in rare move press Senate to 'immediately' consider antisemitism envoy
(DBN)

How These Ultrawealthy Politicians Avoided Paying Taxes
(DBN)

5 lessons from election night 2021
(DBN)

Non-Trump Republican surge
(DBN)

Republicans see Youngkin win as blueprint for midterms
(DBN)

Reeling From Surprise Losses, Democrats Sound the Alarm for 2022
(DBN)

House Dems’ suburban foundation at risk of crumbling after Tuesday’s results
(DBN)

Manchin says he won't vote to overrule Senate parliamentarian
(DBN)

Carville blames 'stupid wokeness' for Democratic losses
(DBN)

New Jersey Truck Driver Ousts Senate Boss After Spending $153 on Race
(DBN)

Murphy Faces Pressure on N.J. Taxes, Jobs Growth in Second Term
(DBN)

Biden hits the gas • Democrats need to produce results after dismal election night, Biden says
(DBN)

All eyes on vulnerable House Democrats after election losses
(DBN)

Nikki Haley calls for cognitive test for older politicians
(DBN)

Newsmax pulls reporter who tweeted vaccine conspiracy theory off air
(DBN)

____________

Sovereigns:

IMF says it is engaging with Ethiopia but not holding talks on loan program
(DBN)

____________

UK:

COP26 host U.K. pledges to phase out coal power while considering its first new coal mine in 30 years
(DBN)

Bank of England’s Bailey says ‘the warning signs are there’ on inflation
(DBN)

UK to Raise Interest Rates Soon, Setting Pace for Major Central Banks
(DBN)

Bitterness Over Brexit Lies Behind Fraying France-U.K. Relations
(DBN)

____________

EU:

In 2020 number of impact of companies in imminent insolvency at highest level in last years
(DBN)

'Grave concern' over Covid in Europe as German cases soar
(DBN)

Euro zone retail sales record surprise fall on weak Germany
(DBN)

Euro zone housing cost may be adding more to inflation than thought: Holzmann
(DBN)

____________

China:

Chinese developer Kaisa unit misses payment, debt worries mount • Chinese real estate developer Kaisa halts trading in Hong Kong, as debt concerns escalate
(DBN)

Covid-19 Lockdowns Ripple Across China—‘I Wonder How Long I Can Hang On’
(WSJ)

____________

Singapore:

Singapore is set to execute a mentally disabled man for trafficking 1.5 ounces of heroin
(DBN)

____________

MENA:

Rabbi From Hell at Center of Gruesome Cult Murders
(DBN)

____________

India:

Tracing the evolution of Bankruptcy Code
(DBN)

IBC Needs A Stronger Push After Rs 2.5 lakh Crore Recovery: CRISIL
(DBN)

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