October 13, 2021

The Daily Bankruptcy News

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Law:

Top Biglaw Firm Plans Partial November Return, But Adds In Flexibility For Parents Of Children Too Young For Vaccination
(DBN)

Akin Gump’s New Office Return Date Set for Early November
(DBN)

The Massive Problem Of Biglaw Exhaustion
(DBN)

Dechert Launches Financial Restructuring Practice in Asia with New Partner Hire
(DBN)

Leader Of Firm With $6M+ In Partner Profits Says It's Time For Biglaw To Focus On Mental Health
(DBN)

Free Ethics CLE... Don't Launder $400K For Undercover DEA Agents
(DBN)

Partner Catches Heat For Turning Deposition Into Group Project
(DBN)

Missing apostrophe in Facebook post leads to defamation suit
(DBN)

Senate Democrat presses TikTok on its handling of extremist content tied to Jan. 6 • Bannon's subpoena snub sets up big decision for Biden DOJ • Does executive privilege still protect Trump after his term ends? Fight brews over congressional subpoenas • 'I Am Definitely Not an Angel': Man in U.S. on Political Asylum Thanks Taxpayers for His Federal Public Defender in Jan. 6 Case • Hairdresser linked to QAnon to be jailed for Capitol rioting
(DBN)

Here’s How Trump’s 2020 Election Lawyer Thinks GOP-Controlled States Can Cause Electoral Chaos in 2024
(DBN)

A 'source' Rudy Giuliani and Sidney Powell cited in 'Antifa' vote-rigging claim said he was working with election officials to gain 'access' to Dominion machines
(DBN)

Chris Wray said he would quit if Trump asked him to do something wrong: book
(DBN)

DHS secretary orders ICE to halt mass workplace raids
(DBN)

White House to ease overland border crossings from Canada and Mexico
(DBN)

Supreme Court dismisses House Democrats' challenge to Trump border wall moves
(DBN)

An ancient mistranslation is now helping to threaten abortion rights
(DBN)

Request for Tucker Carlson’s Performance Review Is ‘Intrusive,’ Judge Says • Judge Steers Away from Dominion's 'Intrusive' Requests for Fox News Hosts' Performance Reviews in $1.6B Defamation Lawsuit
(DBN)

White House rebukes Abbott, DeSantis for efforts to resist vaccine mandates
(DBN)

Judge allows religious exemptions to vaccine mandate for NY healthcare workers
(DBN)

Supreme Court signals it will side with Kentucky AG’s bid to defend abortion law • Divided Supreme Court considers who can defend abortion restrictions • Justice Sotomayor Grills Conservative Lawyer Over Efforts to Revive Kentucky Abortion Ban • SCOTUS Considers Whether Kentucky AG Can Litigate Abortion Case — Even When Other State Officials Say No
(DBN)

Biden administration: Texas abortion ban, in place despite constitutional questions, offers road map for other states
(DBN)

The Abortion Backup Plan No One Is Talking About
(DBN)

What's behind rising violent crime? Progressive prosecutors' non-enforcement of the law
(DBN)

Gabby Petito died by strangulation, coroner says • Gabby Petito’s cause of death characterized by ‘a lot of anger’ towards victim, says forensic pathologist
(DBN)

'Don't Worry, I'll Show Some Attention to Your Younger Sister, Too': Ex-Firefighter Sentenced to Up to Life in Prison for Attempted Child Rape
(DBN)

Drunk Pastor Allegedly Tried to Kill Two Deputies by Ramming Car into Their Vehicle: Undersheriff
(DBN)

Michigan Prisons Must Provide Kosher Meals to Jewish Inmates on Holidays, Federal Appeals Court Rules
(DBN)

Texas clerk’s ‘idiosyncratic system’ of choosing jury panels could lead to thousands of overturned verdicts
(DBN)

______________

Judges:

6 Questions For A Legendary Former SDNY Judge (Part II)
(DBN)

Posting Random Pictures Of Judge’s Wife In Motion To Recuse Earns Pricey Benchslap
(DBN)

Inmate moons judge during video hearing after he was ordered held without bail
(DBN)

7th Circuit warns of ‘catastrophe for litigants’ when judges wait too long to issue opinions after orders
(DBN)

Ex-Florida Judge Who Resigned Months Ago Amid Misconduct Allegations Was Arrested for Pulling Gun on Neighbor Over the Weekend: Police
(DBN)

Texas Court Recommends New Trial for Jewish Death Row Inmate Whose First Trial Was Overseen by 'Anti-Semitic' Judge
(DBN)

Justice Kavanaugh Will Be Back on Supreme Court Bench Tuesday
(DBN)

By Attacking Me, Justice Alito Proved My Point
(DBN)

______________

Wall Street:

Stock futures muted ahead of earnings and inflation report • U.S. stock futures inch up ahead of JPMorgan results, consumer price inflation
(DBN)

World stocks soft before U.S. CPI, oil near multi-year highs
(DBN)

Dow closes lower as U.S. stocks retreat for a third straight trading day ahead of company earnings • Wall Street closes lower on jitters ahead of earnings, Fed minutes
(DBN)

Stagflation risks hit U.S. stocks; 2-yr U.S. Treasury yield spikes
(DBN)

______________

Layoffs:

Volkswagen considering cutting up to 30,000 jobs -Handelsblatt
(DBN)

______________

Retailing:

Luxury giant LVMH says third quarter sales grew by 20% • LVMH shares flat after its Q3 revenues
(DBN)

'Retail theft on a massive scale': father-daughter duo sentenced in multi-million dollar shoplifting scheme
(DBN)

4 reasons Americans are still seeing empty shelves and long waits – with Christmas just around the corner
(DBN)

Not so fast! Supply bottlenecks strain fashion chains
(DBN)

____________

Sports:

Nets give Kyrie Irving a public ultimatum: Get vaccinated or stay home • Nets suspend Kyrie Irving until he gets vaccinated
(DBN)

____________

Personal Finance:

8 pandemic spending habits I plan to keep up forever
(DBN)

____________

Crypto:

U.S. now the top destination for bitcoin miners, beating out China
(DBN)

____________

Mass Torts:

Former Boy Scouts’ Head of Abuse Prevention Says Group Is Still Unsafe for Kids
(WSJ)

Ex-Boy Scouts official blasts child-protection efforts
(DBN)

____________

Healthcare:

Vaccines Could Have Saved 22,000 Lives in Texas and Florida, Researchers Say
(DBN)

Minnesota hospitals are nearing capacity as a virus surge batters the state.
(DBN)

FDA review finds Moderna's booster dose of the coronavirus vaccine strengthens disease-fighting response • FDA staff doesn’t take stance on Moderna Covid boosters, says two doses protect against severe disease • FDA scientists: Third jab of Moderna's COVID-19 vaccine unnecessary
(DBN)

White House Slams Texas Governor’s Ban on Covid Vaccine Mandates
(DBN)

Fight over vaccine mandates intensifies
(DBN)

Texas order reflects growing GOP vaccine mandates hostility
(DBN)

Boeing says employees must show proof of Covid vaccine by Dec. 8
(DBN)

U.S. Labor Department submits initial text of Biden's vaccine mandate to the White House
(DBN)

Houston Hospital That Fired Workers Decries Abbott’s Mandate Ban
(DBN)

Texas vaccine mandate ban likely to be trumped by federal law but could cause uncertainty
(DBN)

A Spanish hospital diagnosed a woman with homosexuality. It was all a mistake, they say.
(DBN)

A Texas man sent a threatening message to a pro-vaccine Maryland doctor, federal prosecutors allege
(DBN)

Why Some Nations Have Deadlier Outbreaks With the Same Vaccines
(DBN)

____________

Politics:

Democrats eye Hispanic candidates to boost swing-district turnout
(DBN)

The statue of a doctor who experimented on enslaved women still stands in Alabama - but now there's also a monument to his victims
(DBN)

North Carolina's GOP lieutenant governor rejects Democratic calls to resign after he called LGBTQ community 'filth'
(DBN)

Georgia election workers fired for allegedly shredding hundreds of voter registration forms
(DBN)

Pelosi: Democrats face 'difficult' choices in cutting cost of Biden's agenda
(DBN)

Sanders: Expanding Medicare benefits 'not negotiable' in package
(DBN)

Emails show Jon Gruden called Biden a 'clueless p----'
(DBN)

Dems thought giving voters cash was the key to success. So what happened?
(DBN)

Battle to commemorate a brutal Texas lynching finally gets its day in court, 91 years later
(DBN)

____________


Economy:

Fed's Clarida: employment test to begin bond taper all but met
(DBN)

The role of insolvency professionals in saving jobs and businesses as the pandemic wanes
(DBN)

CBO: 2021 Deficit was $2.8 Trillion
(DBN)

U.S. sees biggest revenue surge in 44 years despite pandemic
(DBN)

Debt Ceiling Hike Sent to Biden
(DBN)

BLS: Job Openings Decrease to 10.4 Million in August • U.S. Job Openings Decreased in August for First Time This Year
(DBN)

Why 50% of workers want to make a career change
(DBN)

40% of US Households in Financial Crisis
(DBN)

Fed’s Vice Chair Defends His ‘Integrity’ After Trading Revelations
(DBN)

Fed announces Quarles to step away from internal regulatory lead role as vice-chair term expires
(DBN)

New study blows a hole in Joe Manchin's argument that the revamped child tax credit discourages people from working
(DBN)

Transitory Is ‘Dirty Word’ as Inflation Lasts, Fed’s Bostic Says
(DBN)

U.S. consumers' inflation expectations remain elevated, NY Fed survey finds
(DBN)

Black Rock's Larry Fink blames gig economy for stoking inflation
(DBN)

Inflation has shifted to 'brutally high' from 'massive' in three months, according to Fastenal CEO
(DBN)

High inflation to last awhile, Fed's Bostic says, and it's no longer 'transitory'
(DBN)

IMF warns on inflation, says central banks should be prepared to tighten policy
(DBN)

Sharp surge in energy prices threatens economic recovery and is slowing growth
(DBN)

U.S. quits hit record high in August; hiring falls • Restaurant and hotel workers are quitting their jobs at a rate that's more than twice the record national average • A record number of workers are quitting their jobs, empowered by new leverage • A record 4.3 million workers quit their jobs in August, led by food and retail industries • Another 4 million workers quit in the 5th month in a row of record exits, and it shows how the pandemic is still making people rethink what they want out of work and life
(DBN)

No college degree? More employers than ever just don't care
(DBN)

Why some young workers are leaving their office jobs to work on farms: "This is how I want my life to go"
(DBN)

Pandemic has disrupted retirement plans for 35% of Americans, study finds
(DBN)

IMF slashes US growth forecast and warns of rising risks to the global economy • IMF cuts global growth outlook as supply bottlenecks hobble pandemic recovery • IMF foresees a slight drop in global growth from pandemic • IMF says global economy is losing momentum
(DBN)

Global growth outlook is darkening just as the next major U.S. inflation report is about to land
(DBN)

G7 advisors urge big changes to manage risks to global economy
(DBN)

Risks to global economy from financial markets at a 'worrisome juncture,' IMF official says
(DBN)

IMF says economic policymakers need to juggle continued support, risks
(DBN)

IMF Sees Risk of ‘Sizable’ Selloffs in Stocks, Housing Market
(DBN)

Another fine mess for the IMF
(DBN)

The problem with America’s semi-rich
(DBN)

PE firms avoid mandating vaccines for portfolio companies
(DBN)

Fewer in US turn to food banks, but millions still in need
(DBN)

Pelosi says proposal to take debt ceiling authority away from Congress 'has merit' • Pelosi suggests Democrats could cut major pieces of Biden’s economic plan • Pelosi Steers Democrats Toward Biden Agenda With ‘Fewer Things’ • Progressives Say They Won’t Give Up Priorities in Spending Plan • Pelosi prepares Democrats to scale back $3.5 trillion bill as liberals raise new alarms about cuts
(DBN)

I'm a California dock worker facing record cargo-ship backlogs. It'll be catastrophic if things get worse.
(DBN)

The global supply chain nightmare is about to get worse
(DBN)

White House plan aims to help key West Coast ports stay open 24-7 to ease supply chain bottlenecks
(DBN)

Rising energy prices will squeeze company profits, says business consultant
(DBN)

Boosting Walmart base pay by $5 wouldn't just mean livable wages — it could help workers live longer, new report says
(DBN)

Abbott Puts Texas Businesses in a Bad Place Again
(DBN)

China Trade Surplus with US Hits Record
(DBN)

Social Security Checks Will Be Much Bigger in 2022. That's Bad News for Retirees
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

Will House Prices Increase "a further 16% by the end of 2022"?
(DBN)

Today’s tight housing market is already overbuilt, one analyst says
(DBN)

Democrats clash over aid for first-time homebuyers
(DBN)

3-day bankruptcy auction gets underway for DeSoto Square mall property in Bradenton
(DBN)

____________

Municipalities:

State tells city residents not to drink tap water after three years of dangerous lead contamination
(DBN)

Why a majority of Silicon Valley residents want to move
(DBN)

____________

Oil/Gas:

Lender Says Limetree Bay Refinery Defaulted on Bankruptcy Loan
(DBN)

Report: Oil execs split on decarbonization plans
(DBN)

Oil falls on concerns of faltering economic growth to hit demand
(DBN)

Tesla pushing Volkswagen to accelerate electric vehicle shift
(DBN)

Rocking down to Electric Avenue? Good luck charging your car
(DBN)

IEA says clean energy progress remains ‘far too slow’
(DBN)

____________

Pharma:

Equitable Mootness Concerns Over Purdue Pharma’s Plan of Reorganization Prompt Rare Sunday Entry of Temporary Restraining Order by District Court
(DBN)

Sackler Liability Releases Are the ‘Big Dog’ in Purdue Appeal, Judge Says
(DBN)

Purdue Pharma judge to rule on bid to pause opioid deal Wednesday

Five reasons to read Unsettled by Ryan Hampton
(DBN)

____________

Agribusiness:

'Desperate for tires.' Components shortage roils U.S. harvest
(DBN)

Steaks Could Soon Become Champagne-Like Luxury
(DBN)

____________

Fraud:

Theranos Lured $400 Million Into Safeway Dream That Went Bust • Safeway ex-CEO: We did ‘at least 100 hours’ of due diligence on Theranos before deal
(DBN)

____________

Religion:

Camden Diocese makes new offer to sex abuse survivors. Their lawyers call it an ‘insult.’
(DBN)

Military Archbishop: Catholic Troops Can Ignore Covid Mandate
(DBN)

____________

Celebs:

Erika Jayne’s $600K ‘RHOBH’ Salary EXPOSED As She Fights Off Tom Girardi’s Creditors In Court!
(DBN)

____________

Tech:

Another Facebook Whistleblower Comes Forward
(DBN)

____________

Autos:

Car Loans Get Longer, Rental Vehicles Get Older
(DBN)

____________

History:

The United States Must Reckon With Its Own Genocides
(DBN)

____________

Education:

Across America, students are back in school. It's working - but it's weird.
(DBN)

Parents sue Wisconsin schools after their children catch covid-19
(DBN)

MI Father Sues School For Violating Daughter's Right To Hork Droplets On Classmates
(DBN)

Michigan Father and Daughter Complain Teachers Are Calling Students 'Anti-Maskers,' Sue School District Over Mask Mandate
(DBN)

Scared Students Are Using An Anonymous Twitter Account To Blast The Lack Of COVID Protocols At Their University
(DBN)

____________

 
New Bankruptcy Opinions
(1 new opinion today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (8 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 Statistics:

Stimulus Programs, Lender Generosity Keeping Bankruptcies at Bay
(DBN)

U.S. Bankruptcy Filings Set to Increase in 2022 After a Lull This Year
(DBN)

Biggest Bankruptcies in US history
(DBN)

______________

Critical Vendors:

Critical Vendor Status Is Not a Preference Defense Without ‘Something More’
(DBN)

____________

Exemptions:

2021 Amendments to Arizona’s Homestead Statute Confused Yet?
(DBN)

____________

Subchapter V:

ABI’s Mediation Committee: A Home For The “Facilitate” Role Of Subchapter V Trustees
(DBN)

____________

Avoidance Actions:

Is the Applicability of the Small Dollar Venue Limitation to Preference Actions Dying on the SBRA Vine?
(DBN)

____________

Aviation:

Southwest CEO apologizes as the airline begins return to normal after days of cancellations, delays • Southwest pilots' union president blames airline for widespread cancellations: "We've been sounding this alarm for about four years" • Unsupported 'sickout' claims take flight amid Southwest woes
(DBN)

Southwest CEO says he never wanted a vaccine mandate but Biden forced his hand
(DBN)

U.S. judge restrains United from placing employees receiving COVID-19 vaccine exemption on unpaid leave
(DBN)

Boeing will require its 125,000 US employees to be vaccinated against COVID-19
(DBN)

Delta Air Lines will report third-quarter earnings, giving Wall Street a glimpse at lower industry profits
(DBN)

Southwest, American airlines workers will have to get vaccinated, despite Texas order • Southwest to Comply With Biden Vaccine Order Over Abbott Ban
(DBN)

American Airlines Projects Smaller Loss Than Analysts Expect
(DBN)

Boeing delivers 35 airplanes in September, 787 dry spell continues • Boeing aircraft orders outpace cancellations for eighth consecutive month
(DBN)

Business aviation industry commits to net-zero carbon emissions by 2050
(DBN)

Ryanair bans customers who claimed credit card refunds for flights they missed because of lockdown
(DBN)

Spirited Great Dane paid the ultimate price for unfortunate timing
(DBN)

Etihad Raises $1.2 Billion in First Sustainability-Linked ESG Loan in Aviation
(DBN)

Asia's airlines ramp up flights, offers as tough COVID travel curbs ease
(DBN)

Singapore’s ‘vaccinated travel lanes’ spark a surge in flight searches: Expedia
(DBN)

____________

Tax:

Pelosi defends IRS bank-reporting proposal, says specifics open to negotiation
(DBN)

Why is the Biden administration seeking to make banks a tool of the IRS?
(DBN)

____________

Coal:

U.S. Coal Use Is Rebounding Under Biden Like It Never Did With Trump
(DBN)

____________

Sports:

Leaks to Wall Street Journal and New York Times precipitated Jon Gruden's resignation from Raiders
(DBN)

____________

Food/Beverage:

NYC’s Vaccine Mandate for Restaurants and Gyms Stays in Place
(DBN)

Food prices rise to highest level in a decade amid labor shortage and supply crisis
(DBN)

____________

Climate:

White House launches climate initiatives to arm communities against floods, extreme weather
(DBN)

Alisal Fire forces evacuations, shuts down portion of Highway 101 in Southern California • Major highway still closed by wind-whipped wildfire
(DBN)

Methane Plume Above New Mexico Gas Wells Spotted From Space
(DBN)

World must triple clean energy investment by 2030 to curb climate change -IEA
(DBN)

What sea level rise will do to famous American sites, visualized
(DBN)

____________

Utilities:

PG&E Warns of More California Blackouts to Prevent Wildfires
(DBN)

The hedge funds that left wildfire victims holding the bag on PG&E stock
(DBN)

____________

UK:

UK regulator to announce four more energy firms bankrupt
(DBN)

U.K. and EU Renew Divorce Drama Over N. Ireland: Brexit Update
(DBN)

When it comes to climate change, England must 'adapt or die,' government agency says
(DBN)

UK economy expands in August after July dip, but growth undershoots expectations
(DBN)

____________

Canada:

Chapter 11 And CCAA - A Cross-Border Comparison
(DBN)

Expanding the investigative powers of a CCAA monitor
(DBN)

____________

France:

Unvaccinated pockets of France expose inequalities, could fuel winter wave
(DBN)

____________

MENA:

Landmark bankruptcy decision in the Dubai courts – personal liability of Directors and Officers
(DBN)

____________

China:

China has ability to address Evergrande situation, still risks remain -IMF • China's property sector stalked by Evergrande default fears as developer misses third deadline • Festering Evergrande contagion worries push China spreads to record • Evergrande Exposure • As Evergrande default looms, what legal options do offshore creditors have?
(DBN)

Chinese property developers in distress
(DBN)

Morgan Stanley upgrades China property to ‘attractive’ despite default fears
(DBN)

Ark Invest's Cathie Wood says China's wide-ranging clampdown will lead to an economic downturn for the country
(DBN)

China Holds Back Fiscal Spending When Economy Needs It Most
(DBN)

A made-in-China financial crisis?
(DBN)

____________

India:

Evaluating India’s Insolvency and Bankruptcy Code
(DBN)

Resolving the Conundrum of Decree-holding Homebuyers under the IBC
(DBN)

____________

Russia:

Russia’s daily Covid death toll hits grim record as vaccinations lag
(DBN)

____________

South Korea:

Universal basic income could become a reality in South Korea under a presidential candidate who once likened himself to Bernie Sanders
(DBN)

____________

Singapore:

Some aspects of temporary insolvency programme to help small firms may be adopted: Edwin Tong
(DBN)

____________

Australia:

Books and Records: A Gatekeeper to Insolvency Presumptions
(DBN)

____________

South Korea:

'Squid Game' strikes nerve in debt-ridden Korea
(DBN)


____________


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