October 21, 2021

The Daily Bankruptcy News

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Law:

Data Now Confirms What You Already Suspected: Having A Parent With A J.D. Gives You A Leg Up In Your Legal Career
(DBN)

Big Law’s Big Paychecks: Partner Compensation, Explained
(DBN)

What's More Important To Laterals Than Cash Compensation? Job Security!
(DBN)

Big Law Talent War Creates Openings For ‘Flexible’ Jobs
(DBN)

Biglaw Firm Affirms Its Commitment To Diversity & Inclusion With New Billable Hours Policy
(DBN)

Arnold & Porter Tries To 'Slip' One Past The Goalie, Gets Benchslapped For Its Efforts
(DBN)

Texting, Emailing, And Talking: Which Is Best When Communicating With Clients?
(DBN)

This Is Not A First Amendment Thing, Man
(DBN)

New York lawyers plead guilty in Molotov cocktail case
(DBN)

Pope Francis: Holy Father… Until Catholic Anti-Vaxxers Need A Free Exercise Suit
(DBN)

Federal Judge Rules That Vermont Law School Can Cover Underground Railroad Murals Despite Artist's Objection
(DBN)

Racism, Conservatism And Free Speech At Yale Law School
(DBN)

Big Law bankruptcy lawyers are switching gears to do deals work because Chapter 11 filings have evaporated
(DBN)

Rudy Giuliani Cosplaying as Abe Lincoln Is Somehow More Unsettling Than That Sounds
(DBN)

Michael Cohen Says He’s ‘Speaking to a Lawyer’ About ‘Batsh*t Crazy’ Christopher Steele
(DBN)

Medical Examiner Called to Scene Where Brian Laundrie's Belongings Turned Up; Partial Human Remains Reportedly Found FBI Confirms Discovery of Apparent Human Remains, Notebook, and Backpack in Florida Nature Park Where Brian Laundrie Vanished One Month Ago
(DBN)

Top state court rules against public defender who sued ACLU for calling him ‘crooked’
(DBN)

Lawyer is disbarred after disciplinary review board alleges an ‘egregious ethics history’
(DBN)

A Subway Rider Confronted Unmasked Police Officers. They Kicked Him Out.
(DBN)

Trump Organization, Already Under Indictment, Faces New Criminal Inquiry
(DBN)

Trump golf course under investigation by Westchester DA
(DBN)

Soldier with 'Hitler mustache' thrown out of military after Capitol riot charges Alabama Man Arrested in Alaska and Charged with Assaulting U.S. Capitol Cops with Pepper Spray, Throwing a Metal Rod on Jan. 6 Jim Jordan says Jan. 6 call with Trump happened after attack Bannon eyed as key link between White House, Jan. 6 riot Jan. 6 contempt fight headed for the Justice Department
(DBN)

GOP Rep. Fortenberry May Have Made One Or Thirty Thousand Campaign Finance Oopsies
(DBN)

Border arrests have soared to highest levels ever recorded, new CBP data shows Border apprehensions hit yearly high as new migrant caravan gathers in Mexico
(DBN)

9th Circ. nixes order mandating more COVID protections for ICE detainees
(DBN)

Do worker COVID-19 vaccine mandates have to offer religious exemptions? Courts differ; Breyer declines to act
(DBN)

Facebook to pay more than $14 million in Justice Dept. settlement over discrimination against U.S. workers
(DBN)

Gunman in Florida high school massacre pleads guilty to murder
(DBN)

Tiny wrists in cuffs: How police use force against children
(DBN)

Ahmaud Arbery’s Murder Trial Jury Is Proving Hard to Pick
(DBN)

The Supreme Court floats a startling expansion to police immunity from the law
(DBN)

New Hampshire Man Allegedly Kills Wife on One-Year Wedding Anniversary Celebration by Shooting Her in the Head Twice, Dismembering Her Body
(DBN)

Ex-Pain Management Doctor Got 'Numerous' Women Hooked on Opioids Over 15-Year Span to Sexually Abuse Them: Feds
(DBN)

Nikolas Cruz Pleads Guilty to Parkland Mass Shooting, Paving Way for Penalty Phase Battle 'I Hate Drugs': Parkland Mass Shooter Blames Marijuana for Nation's Problems in Rambling Speech After Guilty Plea
(DBN)

California Man Convicted of Murdering Estranged Wife While She Shielded Their Three Children from Gunfire
(DBN)

Can the 'bystander effect' explain Philadelphia train riders' reaction to a woman's rape?
(DBN)

Jurors Only Needed an Hour to Convict Texas Nurse of Fatally Injecting Air into Patients' Arterial Systems
(DBN)

Court Finds Murder Suspect Incompetent to Face Charges for Dismembering Father Who Threatened to Cut Off 'Constant Flow of Money'
(DBN)

Husband Charged with Murdering Missing Wife Used 'Spellcasters' to Steer Her Away from Divorce: Prosecutor
(DBN)

Josh Duggar Legal Case is Not Going Well
(DBN)

Police answering 4-year-old’s call confirm his toys are cool
(DBN)

______________

Judges:

Solid majority believes Supreme Court rulings based more on politics than law
(DBN)

Judge is suspended once again for social media posts—this time for soliciting hurricane donations
(DBN)

GOP Presses Ninth Circuit Pick on Transgender Bathroom Access
(DBN)

9th Circuit nominee Holly Thomas defends prior role as civil rights advocate
(DBN)

______________

Wall Street:

Stock futures slip after Dow retakes record high
(DBN)

Dow jumps to a new all-time high, S&P 500 notches 6-day win streak
(DBN)

Global stocks fall as worries over an Evergrande collapse resurface, while bitcoin loses grip of its all-time high
(DBN)

SEC’s New Report On GameStop Stock Surge Is Pretty Wild
(DBN)

Barclays’ Investment Bankers Seize on Deal Boom as Fees Surge
(DBN)

______________

History:

Congress investigated an attack on the Capitol 200 years ago. It didn't go well.
(DBN)

____________

Agribusiness:

ADM Says It’s Transferring Record Natural-Gas Costs to Consumers
(DBN)

____________

Satellites:

Intelsat judge aims to delay key bankruptcy plan hearing
(DBN)

____________

Waste:

City readies for conversations with alternative trash haulers on heels of Red River bankruptcy filing Fined $500K and filing bankruptcy, Red River stands by ‘top-notch’ service Red River Waste Solutions files bankruptcy amid missed pickup issues in Fort Wayne Red River Waste Solutions will continue to operate despite bankruptcy filing
(DBN)

____________

Autos:

Jason Bank Discusses Planning for Chapter 11 Bankruptcy on OESA’s Automotive Insiders
(DBN)

Auto parts maker Magna cuts sales outlook on chip crunch, supply chain woes
(DBN)

Trucking, Logistics Firms Left in Lurch After Auto Parts Supplier's Bankruptcy
(DBN)

Volkswagen's main plant producing fewest cars since 1958, source says
(DBN)

____________

Coal:

Americans are on track to use more coal this year — first increase since 2014
(DBN)

G-20 Leaders Lower Ambitions to ‘Consign Coal to History’
(DBN)

China Power Crisis Boosts Coal Imports From Indonesia to Record
(DBN)

____________

Food/Beverage:

Chili’s parent stock tumbles 10% after labor woes, food costs hit earnings
(DBN)

____________

Sports:

To jab or not to jab? Vaccinations still hot topic in sports
(DBN)

Ex-Washington State head football coach to sue over "unlawful" firing
(DBN)

NFL to end race-based testing in concussion settlements
(DBN)

____________

Taxis:

‘I lost everything’: Desperate N.Y.C. taxi drivers begin hunger strike for debt relief
(DBN)

____________

Utilities:

PG&E’s Tree Cutting Frenzy: Blaming Forests for Climate Change (and Its Own Negligence)
(DBN)

____________

Healthcare:

COVID cases and deaths keep falling
(DBN)

Pfizer says its booster shot has 95.6% efficacy against COVID-19 amid the Delta variant Pfizer/BioNTech Booster Shot Restores Full Covid Protection
(DBN)

October 20th COVID-19: 3 States Now at or Above 70% of Total Population Vaccinated
(DBN)

Why should healthy front-line workers get vaccine boosters? Not to protect themselves.
(DBN)

WHO: Europe the only region with rise in COVID-19 last week
(DBN)

Lockdowns Are Back as EU’s East Pays for Low Vaccination Rates
(DBN)

Surgeons tested a pig kidney transplant in a human patient — and for the first time, it worked
(DBN)

FDA authorizes mix-and-match for COVID booster shots FDA clears Moderna and J&J Covid vaccine boosters, allows ‘mix and match’ shots
(DBN)

China-linked disinformation campaign blames Covid on Maine lobsters
(DBN)

A healthcare CEO who has the same cancer as Colin Powell blamed unvaccinated people for risking their lives: 'Somebody is killing us'
(DBN)

IMF Warns Covid-19 Risks Becoming Endemic Problem for Africa
(DBN)

____________


Economy:

Fed’s Quarles Urges November Taper and Warns of Inflation Risks
(DBN)

Paul Tudor Jones says inflation could be worse than feared, biggest threat to markets and society
(DBN)

Yellen Still Sees U.S. on Track to Hit Full Employment Next Year
(DBN)

The Next Recession Could Come Courtesy of the Fed
(DBN)

Jim Cramer: Inflation Much Worse Than Thought
(DBN)

Billionaire investor predicts inflation here to stay, poses a threat to markets
(DBN)

Inflation Is Approaching a Tipping Point at the Grocery Store
(WSJ)

Millions of workers are calling it quits this year. Some told us why they left.
(DBN)

Covid means remote workers can live anywhere. So where’s 'anywhere'?
(DBN)

Sinema blows up Dems' plans to tax high earners, corporations
(DBN)

In-N-Out Burger clashes with San Francisco over vaccine mandate: 'We refuse to become the vaccination police'
(DBN)

As White House tries to finalize vaccine mandate, dozens of groups seek last-minute meetings Businesses nervously await fine print of vax-or-test rule
(DBN)

Biden focuses on climate, families in trimmed $2T plan 'Build Back Better' plan hangs on Biden's shuttle diplomacy Democrats see light at end of tunnel on Biden agenda Under pressure, Democrats cut back spending Democrats Split on Taxes, Climate, College as Deadline Nears
(DBN)

I make $20 an hour at a burger chain in Seattle. The healthcare perks, paid vacation, and 401(k) matches are just a few reasons why I love my job.
(DBN)

Millions of sidelined workers won't come back 'unless the math makes better sense to them'
(DBN)

3 reasons there's a labor shortage, according to Mitt Romney
(DBN)

Child care economics weigh on the recovery
(DBN)

L.A. Mayor Eric Garcetti: City Employees Who Refuse Covid Vaccination “Should Be Prepared To Lose Their Job”
(DBN)

De Blasio announces blanket vaccination mandate for all New York City workers
(DBN)

Chicago police union takes fight against vaccine mandate to court as some hold-out cops sent home without pay
(DBN)

Supply chain chaos set to extend further, port operator ICTSI says
(DBN)

Cargo backlog creates traffic headaches on sea
(DBN)

Supply Chain Crisis Worst Since WWII
(DBN)

Biden Tackles Supply-Chain Crisis With Few Tools, Clock Ticking
(DBN)

The shipping crisis in California is now so bad that officials should consider declaring a state of emergency, the head of the California Trucking Association says
(DBN)

The Great American Ammunition Conspiracy
(DBN)

Supply-chain disruptions are now causing a shortage of juice boxes
(DBN)

Pandemic fallout could slow U.S. online holiday spending growth: report
(DBN)

Warren Renews Assault on Private Equity Payouts, Worker Policies
(DBN)

China Meets Only Half of U.S. Trade Deal Target as Talks Restart
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

Weekly mortgage demand drops over 6% after interest rates move even higher
(DBN)

Fed's Beige Book: "Residential real estate activity was unchanged or slowed slightly"
(DBN)

'Some prospective buyers took a break'
(DBN)

MBA: Mortgage Applications Decrease in Latest Weekly Survey
(DBN)

AIA: "Demand for design services continues to increase" in September
(DBN)

Rich Homeowners Have Endangered Hawaii’s Beaches With Sand Burritos. The State Is Cracking Down.
(DBN)

____________

Municipalities:

Puerto Rico house passes bond bill to restructure debt
(DBN)

Official Wrongly Fired in Flint Water Scandal
(DBN)

____________

Oil/Gas:

Exxon board debates dropping several major oil and gas projects
(DBN)

The 2021 Oil Price Rally Is Far From Over
(DBN)

Fossil fuel production ‘dangerously out of sync’ with global climate targets, UN warns
(DBN)

Carmakers rush to build batteries for electric vehicles
(DBN)

Total Covered Up Climate Risks for 50 Years
(DBN)

Despite climate change promises, governments plan to ramp up fossil fuel production
(DBN)

Saudis say OPEC can’t solve surging natural gas prices
(DBN)

Oil Refining Renaissance Under Threat From Natural Gas Crisis
(DBN)

____________

Awards:

ABI Announces 2021 "40 under 40" Emerging Leaders in Insolvency Practice
(DBN)

____________

Retailing:

Record out-of-stocks, shipping delays expected this holiday season. Here’s who shoppers blame
(DBN)

It's not just empty shelves - online shoppers are nearly 3 times as likely to be disappointed by 'out-of-stock' warnings this holiday season as they were pre-pandemic
(DBN)

From bankruptcy to IPO in a year? It's a tune Guitar Center might play
(DBN)

Amazon is now a bigger shipper in the U.S. than FedEx
(DBN)

Neiman Marcus loses CFO to struggling retailer Men's Wearhouse
(DBN)

____________

Childcare:

As child care facilities struggle, states implement relief measures to avert disaster 1H AGO
(DBN)

____________

Student Debt:

Student loans are a 'lifetime sentence' that 66% of Black borrowers regret taking on
(DBN)

One of the biggest student loan companies in the US gets approval to shut down its services
(DBN)

____________

Crypto:

Mt. Gox Trustee Says Creditor Reimbursement Plan Is Approved Mt. Gox Bitcoin Payouts On Horizon After Creditors Approve Plan
(DBN)

____________

Resorts:

Bankruptcy court assigns Bishop's Lodge to new owner
(DBN)

____________

Celebs:

Lawyer must wait his turn to sue Erika Jayne Girardi, trustee says Erika Girardi Defends Herself During 'The Real Housewives of Beverly Hills' Reunion: 'I Was Not in Control of My Finances'
(DBN)

Randall Emmett Claimed He Was Close To Bankruptcy In Child Support Hearing Earlier This Year
(DBN)

____________

Fraud:

Execs From Now-Defunct GigaTrust Arrested in $50M Fraud Scheme
(DBN)

____________

Buses:

Dallas-based Greyhound sells to Europe’s largest long-distance bus network
(DBN)

____________

Politics:

House Democratic Retirements Pile Up as Party Fears Losing Majority
(DBN)

Senate Dem operatives privately warn about rough road ahead
(DBN)

Fiona Hill says Trump 'could win again' in 2024 and continues to stage a 'slow-moving coup' after January 6
(DBN)

Liz Cheney calls out Republican colleagues on 'false' election claims Cheney becomes GOP's Trump foil
(DBN)

“We Don’t Have a Lot of Time to Wake Up”: Rigged State Governments Are Steadily Undermining Democracy
(DBN)

Oath Keepers in the State House: How a Militia Movement Took Root in the Republican Mainstream
(DBN)

Cuomo Lawyer Asks for New Investigation Into Sexual Misconduct
(DBN)

Joe Manchin Calls Report of Him Leaving Democratic Party ‘B-------’
(DBN)

‘Down the rabbit hole’: Arizona GOP goes full fringe
(DBN)

GOP congressman forfeits committee seats after indictment
(DBN)

Republicans scuttle voting rights proposal
(DBN)

Police recommend charges against four over Sinema bathroom protest
(DBN)

‘Everyone should be very worried’: Dems seek wake-up call as Virginia goes to the wire
(DBN)

____________

 


New Bankruptcy Opinions
(5 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 (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)

______________

Discharge:

Maryland District Court Holds That Acts Prior To Bankruptcy Discharged Defendant’s CERCLA Liability
(DBN)

____________

Bankruptcy Reform:

Elizabeth Warren Floats Expanded Powers for Bankruptcy Creditors Against Private Equity
(WSJ)

____________

Miscellaneous:

AIRA Journal
(DBN)

____________

Aviation:

United Airlines CEO says to expect higher fares as jet fuel prices rise
(DBN)

Southwest Air Cuts Flight Schedule Again to Smooth Operations
(DBN)

Hawaii invites fully vaccinated travelers to return from Nov. 1
(DBN)

Morocco bans UK flights due to Covid cases rising
(DBN)

Indonesia Tightens Air Travel Curbs to Brace for Holiday Season
(DBN)

____________

Religion:

Conservative Baptists' shameful hypocrisy revealed in sex abuse scandal
(DBN)

____________

Education:

Here's the toll the pandemic has taken on school enrollment
(DBN)

ACLU sues Oklahoma, saying law restricting teaching of gender and race theories is unconstitutional
(DBN)

First-generation college grads find fewer jobs after law school than their peers, new NALP data says
(DBN)

Parents in Michigan, Virginia sue AG over action on school board threats Parents who accuse schools of trying to 'indoctrinate' students eye a new foe
(DBN)

____________

Climate:

Flooding in Venice worsens off-season amid climate change
(DBN)

Cambridge University: People rally for climate policies, but cling to meat and diesel
(DBN)

Climate policies could spark an ‘even worse’ energy crisis, Saudi finance minister says
(DBN)

The world won’t be able to reach carbon neutrality without Asia: Suntory CEO
(DBN)

Health problems tied to global warming on the rise
(DBN)

Study: More infectious diseases inevitable due to climate change
(DBN)

New Zealand passes "world-first" climate change disclosure law for banks
(DBN)

Climate change is skewing economic data — and the stakes are high for economists to get it right
(DBN)

Woolly Mammoth Extinction Caused By Climate Change, Not Hunting: Study
(DBN)

Flooding in Venice Reaches Shocking Levels
(DBN)

Extreme Heat in Cities a Growing Problem
(DBN)

____________

Banking:

Spies and lies: regulators round on Credit Suisse
(DBN)

Bank overdraft fees hit record highs during pandemic
(DBN)

____________

Mass Torts:

Arkansas abuse survivor not satisfied with Boy Scouts of America proposed settlement
(DBN)

Johnson & Johnson looking to bankruptcy to resolve 40,000 baby powder cancer suits
(DBN)

J&J Seeks Victory in Fight With Baby Powder Cancer Victims
(DBN)

____________

Building Materials:

Rice Straw-to-MDF CalPlant Moves Into Chapter 11 Bankruptcy
(DBN)

____________

Lehman:

Deutsche Bank Inches Closer to Winning a Huge Bet on Lehman Debt
(DBN)

____________

Sovereigns:

Legacy of Political Turmoil Complicates Lebanon’s Debt Crisis
(DBN)

Moody’s Cuts Ethiopia’s Credit Rating Second Time in Five Months
(DBN)

____________

UK:

Four key restrictions Boris Johnson could bring back in weeks if Covid patients rise and vulnerable don’t get boosters
(DBN)

Britain’s Economy Finds Out What It Means to Live With Covid
(DBN)

Energy boss claims 20 more suppliers face bankruptcy over '£5bn' price cap bill UK Faces Energy 'Massacre' of 20 More Bust Suppliers, Scottish Power Says
(DBN)

Britain's Lloyds Bank to close another 48 branches
(DBN)

Cladding: 'We're paying to live in a dark, dull box'
(DBN)

U.K. Spent £69 Billion Supporting Furloughed Employees
(DBN)

____________

EU:

Poland triggers an existential crisis for Europe
(DBN)

European Bank CEOs Are as Divided on Inflation as Everybody Else
(DBN)

____________

Canada:

Canada's inflation rate hits 18-year high, puts focus on central bank rate policy
(DBN)

____________

Italy:

Complex Italian Restructurings Delay Distressed Debt Recoveries
(DBN)

____________

MENA:

Afghan public hospitals turning patients away as staffing, supplies run short
(DBN)

Pentagon: About half of Afghan evacuees at U.S. bases are children
(DBN)

Egypt imposes a vaccine mandate for all government workers and university students.
(DBN)

____________

Russia:

Russia orders new business shut-down amid record daily COVID-19 deaths Moscow Orders Strict Lockdown Amid ‘Worst-Case’ Covid-19 Surge
(DBN)

As deaths rise, Russian doctors despair at low vaccine rate
(DBN)

____________

China:

Evergrande's $2.6 billion unit stake sale fails as Chinese officials seek to calm nerves
(DBN)

China Property Purge Hammers Weak Players While the Strong Gain
(DBN)

China's COVID-19 outbreak grows as cities race to trace infections
(DBN)

China Evergrande shares plunge after $2.6 billion deal with Hopson falls through
(DBN)

Evergrande is ‘just the beginning’: Prof says more firms must exit China’s property sector
(DBN)

Chinese chipmaker in talks with investors over risk of bankruptcy
(DBN)

IMF Says China Has Policy Options to Cushion Economy’s Slowdown
(DBN)

____________

India:

Alvarez & Marsal India: Insights on Insolvency & Bankruptcy Code
(DBN)

Opening Pandora’s Box: Non-Admission of Defaulting Borrower!
(DBN)

India administered over a billion vaccine doses, 75% received at least one shot
(DBN)

____________

Malaysia:

Malaysia could reopen to international tourists in November, says tourism minister
(DBN)

____________

Australia:

Australia’s farmers are not against net zero emissions target, minister says
(DBN)

In Australia, It’s ‘Long Live King Coal’
(DBN)

____________

Germany:

Surging wholesale gas prices force German power provider Ziegler to cease operations
(DBN)

____________

France:

Optimism in French Services Is at Highest in Two Decades
(DBN)

____________

Japan:

Tokyo to Lift Virus Curbs on Most Bars, Restaurants as Cases Ebb
(DBN)

____________


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