April 14, 2022

The Daily Bankruptcy News

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Law:

The decline and fall of commercial law
(DBN)

Prosecutors wanted: District attorneys struggle to recruit and retain lawyers
(DBN)

Once-prominent disbarred lawyer sues bank for allegedly failing to stop his employee's embezzlement
(DBN)

California Lawyer Quits Over Allegation Newsom Meddled in Activision Case
(DBN)

Lawyers have an obligation to ensure employees don't solicit clients, new ABA ethics opinion says
(DBN)

Painter donates $1M for undergraduate and law school students
(DBN)

New York Bar Outlines Attorneys' Duty to Protect Smartphone Data
(DBN)

Advising A Client To Settle For Nuisance Value Can Be Tricky
(DBN)

2023 U.S. News Trial Advocacy Rankings
(DBN)

Trial date set in defamation suit against Fox News over U.S. election claims
(DBN)

Blame Trump? Jury hears that defense at Capitol riot trial Ex-officer convicted of storming Capitol to disrupt Congress Oath Keepers Sedition Defendants Say U.S. Has No Proof of Plan to Breach Capitol Trump White House Lawyers Headed To Jan. 6 Committee For A Little Chitchat Raskin: Jan. 6 panel's report will include 'crimes that have not yet been alleged'
(DBN)

Sorry To Say That $10K Per Day Penalty For Donald Trump's Contempt Won't Cut It
(DBN)

'I Call Bulls**t': Michael Cohen Doesn't Buy Manhattan DA's Claim That Donald Trump Investigation Is Still Alive
(DBN)

Federal Judge Refuses to Dismiss Durham Probe Case Against Michael Sussmann, Says He 'Cannot Resolve This Standoff Prior to Trial' Democrat-Linked Lawyer Ordered to Face Russia-Probe Charge
(DBN)

Feds Promise to Force Officers to Wear Name Tags but Otherwise Settle BLM Lafayette Square Lawsuit 'Without Any Admission of Liability'
(DBN)

DOJ denies panel details in Trump records probe
(DBN)

Biden Settles Lawsuits Over Trump's Removal of Black Lives Matter Protesters
(DBN)

Deaths of firefighters in blaze ruled homicides
(DBN)

LA street gangs behind brazen holdups Woman hit by car for her watch
(DBN)

Fresenius fired lawyer for reporting embezzlement, misconduct
(DBN)

Suspect in Brooklyn subway shooting is now in custody, police sources say Called tip in on self Man wanted in Brooklyn subway attack arrested, officials say YouTube Removes Account Tied to Brooklyn Subway Shooting Suspect Accused Brooklyn Subway Shooter Charged Under Federal Anti-Terrorism Statute After FBI Allegedly Traces Gun and Fireworks to His Name Police Arrest Suspect in Subway Mass Shooting, Reportedly Say He Was Involved in a Stabbing NYC Bystander Spots Subway Shooting Suspect on Security Camera NYC subway shooting suspect charged with one federal count of terrorism NYC subway shooting suspect Frank James, 62, posted unhinged race-obsessed YouTube clips warning of his intentions Accused Brooklyn Subway Shooter Charged Under Federal Anti-Terrorism Statute After FBI Allegedly Traces Gun and Fireworks to His Name Police search for motive in Brooklyn subway suspect's videos
(DBN)

Deputy who witnessed 'skivvies'-clad colleague baptize woman after traffic stop can't escape suit, federal judge rules
(DBN)

Cuba Gooding Jr. pleads guilty to forcible touch Cuba Gooding Jr. Pleads Guilty to Forcibly Kissing Waitress at New York City Nightclub
(DBN)

Feds Will Recommend 'Low' Sentence for California Woman Who Admits She Ran Off with Ex-Boyfriend and Made Up Abduction Hoax: Docs
(DBN)

Video shows Patrick Lyoya shot in back of head by Michigan officer MI: Another Traffic Stop Execution
(DBN)

Heard lawyers zero in on Depp's drug and alcohol use Johnny Depp's Friend Testifies That He Didn't See Amber Heard with Bruises, Swelling or Make-Up Around Time of Abuse Allegations
(DBN)

Texas's First Bus Full of Migrants Disembarks in U.S. Capital
Migrant bus to Washington ups stakes in GOP-Biden border fight
(DBN)

140,000 migrants are heading toward U.S. - as Mexican official warns Biden lifting Title 42 on May 23 will create 'chaos at the border'
(DBN)

Missouri Man Sentenced to Prison for Failed Murder-for-Hire Plot Against Boy He Allegedly Molested. He Had Hoped the Victim's Mom Would Kill Herself.
(DBN)

A call, a text, an apology: How an abortion arrest shook up a Texas town
(DBN)

State overrides governor's veto of abortion bill
(DBN)

Mark Meadows Will Need To Find A Different Vacant Trailer To Call Home After Getting Booted Off NC Voter Rolls
(DBN)

Prosecutors seek life for political donor's fatal fetish
(DBN)

Judge Cuts Tesla Racism Verdict to $15 Million
(DBN)

Two inmates at all-women's New Jersey jail are pregnant after both had sex with transgender prisoners
(DBN)

Leaked documents show famous ransomware group has salaries, reviews and 'employees of the month'
(DBN)

______________

Judges:

Biden to unveil five new judicial nominees, bringing total to 90
(DBN)

John Roberts Has Lost Control of SCOTUS
(DBN)

GOP opposition blocks bill to name federal courthouse after Black judge, a 'legal legend'
(DBN)

Connecticut Supreme Court Orders Investigation into Judge Who Collected $400,000 Salary During Two-Year Absence from the Bench
(DBN)

Judge Facing Child Porn Charges Placed On Unpaid Leave
(DBN)

On The Impeachment Of A Supreme Court Justice
(DBN)

District of Delaware Bankruptcy Court Seeks Chief Deputy Clerk
(DBN)

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Wall Street:

Stock futures are little changed ahead of major bank earnings Thursday
(DBN)

Stocks rally on mostly positive earnings, snapping 3-day losing streak for S&P 500, Nasdaq
(DBN)

______________

Layoffs:

Rad Power Bikes lays off 100
(DBN)

Boston University laying off up to 175
(DBN)

______________

Retailing:

UBS sees 50,000 U.S. store closures over next five years after pandemic pause
(DBN)

Amazon slaps U.S. sellers with 5% fuel and inflation surcharge
(DBN)

____________

Fraud:

Former Swiss 'Banker Of The Year' Jailed In High-profile Fraud Trial
(DBN)

____________

Climate:

23 injured in Texas storms; tornadoes forecasted
(DBN)

New Mexico wildfire destroys over 100 structures Destructive wildfires rage in New Mexico, Colorado
(DBN)

Climate change made 2020's hurricanes wetter
(DBN)

Global executives suspect their own companies of "greenwashing"
(DBN)

Apollo's head of sustainable investing says energy transition should speed up
(DBN)

Ex-Google CEO Eric Schmidt: Why climate change is the world's biggest problem
(DBN)

Battle over carbon capture as tool to fight climate change
(DBN)

There's still a way to reach global goal on climate change
(DBN)

Biden's shift from climate to oil rattles greens
(DBN)

Emergency Measures Coming for US Drought
(DBN)

____________

Education:

Vegas school district to provide teachers with panic devices
(DBN)

____________

Agribusiness:

US Midwest Has Lost 57 Bn Tons of Top Soil
(DBN)

____________

Healthcare:

Uninsured face bills for Covid testing, hospital treatment without more U.S. aid
(DBN)

Largest U.S. Hospital Systems Skimp on Charity Care, Report Says
(DBN)

WHO says Covid is still a global health emergency as deaths hit 2-year low
(DBN)

Biden enters the keep calm and carry on phase of the Covid fight
(DBN)

A million empty spaces: Chronicling COVID's cruel US toll
(DBN)

Can we trust case numbers?
(DBN)

Why Utah weathered COVID better than any other US state - and why New Jersey fared worst
(DBN)

The CDC's new Covid-19 guidelines are facing their first test with BA.2
(DBN)

____________


Economy:

Why inflation may have already peaked
(DBN)

Producer Prices Jumped 11.2% in March
(DBN)

Fed's Waller sees likelihood of multiple half-point interest rate hikes ahead Fed's Waller Says U.S. Economy Can Handle Half-Point Rate Hikes
(DBN)

What could go wrong with Biden's booming economy? Here are the big risks.
(DBN)

Jamie Dimon sees 'storm clouds' ahead for U.S. economy later this year
(DBN)

Toxic company culture is the No. 1 reason workers are quitting jobs
(DBN)

JPMorgan profits drop 42%, bank writes down Russian assets JPMorgan's Dimon downbeat as profit drops 42%
(DBN)

Biden says 70% of March's record inflation was driven by 'Putin's price hike' in gasoline
(DBN)

Where will Americans spend their next dollar? CEOs are getting worried
(DBN)

Yellen: Don't help Russia evade sanctions, or else New U.S. Sanctions, Prohibition on New Investment in Russia, and Possible Russian Countermeasures Mercedes-Benz, Daimler Truck say cannot confirm talks on Russian stake sale World's Top Oil Trader Quits Russian Crude Inflation in Russia hits highest in more than 20 years Russian Inflation Spike Fades Again as Consumer Demand Takes Hit Russian cenbank warns consumer inflation will accelerate further Russian workers face new reality as Ukraine war sanctions sap job prospects Reckitt says begins process 'aimed at' transferring Russian business Coffee maker Lavazza halts Russian activities Barry Callebaut says staying in Russia 'feels right' for now Russian oligarch Roman Abramovich has $7B in assets frozen in Jersey Roman Abramovich's $120M Riviera mansion seized by French authorities DOJ Russian Task Force Head Sees 'Sea Change' in Cooperation Russian subscribers sue Netflix for pulling service over war German Authorities Impound World's Largest Superyacht in Hamburg Kremlin-connected children grew up in the very countries whose societies their parents claim to reject Russia sanctions 398 members of Congress World's largest yacht, linked to Russian billionaire, seized by Germany
(DBN)

Russia-Ukraine war threatens billions, UN warns, as food and energy prices soar
(DBN)

Yellen Says Global Growth Will Take a Hit From Ukraine War
(DBN)

'Long time, if ever' before dollar replaced as key global currency - Yellen
(DBN)

Psaki: Abbott's border inspection rule disrupts supply chains and raises prices
(DBN)

Chinese carriers are shipping more empty containers than full ones out of U.S. West Coast ports
(DBN)

Shipping Slowdown Exposes Vulnerability of U.S. Economic Growth
(DBN)

Trucker blockade snarls US-Mexico border over Texas order Texas Governor to Halt Some Truck Inspections on Border Snarl Texas keeping most truck inspections despite border gridlock Mexican cartels outsmarting TX Gov. truck inspections
(DBN)

CLOs Face Pain From Looming Risk of Leveraged Loan Downgrades
(DBN)

Counties That Lost the Most Businesses During the Pandemic
(DBN)

Visualizing the Distribution of Household Wealth, By Country
(DBN)

IMF board approves new trust to help members deal with climate change, pandemics
(DBN)

A disorderly climate transition will exacerbate inequalities
(DBN)

Federal Tax Collections Set Record Through March
(DBN)

California #3 State for Economic Growth
(DBN)

How the End of Mining Will Change the World
(DBN)

Social Security May Jump 8.9% Next Year
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

Eastern District of New York Bankruptcy Judge Opts Out of Loss Mitigation Program
(DBN)

U.S. mortgage interest rates top 5%, buyers look to lock in rates
(DBN)

How High will Mortgage Rates Rise?
(DBN)

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

Billions of dollars in federal aid is still available to struggling renters
(DBN)

Home Panic Buying Surges
(DBN)

Office Vacancy Rates for Two SoCal Counties
(DBN)

____________

Oil/Gas:

ION commences voluntary Chapter 11 process with lender support and DIP financing
(DBN)

Oil Market's Caution Bankrupts Seismic Mapper Ion Geophysical
(DBN)

Oil prices extend gains with falling supplies in focus
(DBN)

European Gasoline Flows to U.S. Slip Amid Pain at the Pump
(DBN)

The gas station of the future isn't a gas station
(DBN)

A gallon of gas was 65 cents in 1978—here's how much it cost every year since
(DBN)

Small fluctuations in gas prices cost you. See the difference 10 cents makes
(DBN)

California Reveals Its Plan to Phase Out New Gas-Powered Cars by 2035
(DBN)

____________

Corporate Governance:

Stellantis Investors Reject Pay Plan After CEO Tavares Draws Fire
(DBN)

____________

Coal:

Coal country digs in as US Supreme Court weighs EPA climate power
(DBN)

____________

Student Debt:

Democrats face pressure from left, center on student loans
(DBN)

Schumer: White House closer to canceling student debt 'than ever before'
(DBN)

Student loan forgiveness is welfare for middle and upper classes
(DBN)

____________

Tech:

Elon Musk offers to buy Twitter for $43 billion, so it can be 'transformed as private company' Elon Musk Launches $43 Billion Hostile Takeover of Twitter
(DBN)

TikTok created an alternate universe just for Russia
(DBN)

____________

Banking:

JPMorgan Chase sees 42% drop in Q1 profit
(DBN)

Wells Fargo shares fall as quarterly revenue misses estimates, bank says credit losses to increase
(DBN)

Citigroup is set to report earnings — here's what the Street expects
(DBN)

Morgan Stanley is set to report first-quarter earnings — here's what the Street expects
(DBN)

'Injustices have persisted': Dutch bank apologizes for its role in slave trade
(DBN)

____________

Ride Hailing:

Gas Prices Forcing Uber, Lyft Drivers Off Roads
(DBN)

____________

Politics:

Biden's approval rating sinks to new low, public grows pessimistic over economy, CNBC survey shows Biden's approval craters at 33%
(DBN)

Trump joins Biden in calling Russia's war on Ukraine 'genocide'
(DBN)

Biden Gets Out Front of U.S. Policy Again With 'Genocide' Remark
(DBN)

Old-school homophobia is back
(DBN)

Cheney again breaks fundraising record in Wyoming House race
(DBN)

Trump Fails to Turn Evangelicals Against Governor He Scorns
(DBN)

California reparations panel convenes at historic church
(DBN)

Mississippi Just Declared Its 30th Confederate Heritage Month. How Is That Constitutional?
(DBN)

McCarthy faces grumbles from right over Biden impeachment remarks
(DBN)

Ben Shapiro gets into scrap with student at 'Men Cannot Be Women' event
(DBN)

Two Florida men admit to voting multiple times in the 2020 election
(DBN)

Trumpworld scrambles to contain Oz endorsement fallout
(DBN)

DeSantis to push through new Florida map that will bring big GOP gains
(DBN)

DeSantis takes on DISNEY in culture war with national implications
(DBN)

Marjorie Taylor Greene: Joining the U.S. Military Is 'Like Throwing Your Life Away'
(DBN)

Alarms Raised on Undermining US Democracy
(DBN)

Congressman Is Too Busy Being Your Pilot to Show Up in Washington
(DBN)

____________

 


New Bankruptcy Opinions
(2 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (7 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (7 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 Statistics:

Colorado bankruptcies decline 33% in March
(DBN)

______________

Mass Torts:

Epidemiologist: Drug supply fueled WVa crisis over poverty
(DBN)

Juul to Pay Washington State $22.5 Million Over Youth Vaping
(DBN)

J&J, 2-stepping through talc litigation, faces fresh claims it hid worker's asbestos exposure
(DBN)

Judge Grants Fast-Track Appeal of J&J's Talc Bankruptcy
(DBN)

____________

Cross-Border:

Bad Faith Is Not a Bar to Chapter 15 Recognition of Foreign Proceeding, Says Southern District of New York Bankruptcy Court (pdf)
(DBN)

____________

Subchapter V:

Subchapter V Changed The Chapter 11 Bankruptcy Landscape - How Should Creditors Protect Their Interests?
(DBN)

____________

Bankruptcy Research:

Bankruptcy Restructuring and Recidivism
(DBN)

____________

Bankruptcy Administrator:

Reappointment of Bankruptcy Administrator, Western District of North Carolina (comments by 5/2/2022)
(DBN)

____________

Advisora:

Rubio: Federal agencies should immediately cut ties with McKinsey
(DBN)

____________

Aviation:

Airfare surged 20% over pre-pandemic levels in March as inflation hit vacations
(DBN)

Delta sees 'meaningful' profit as travel demand hits 'historic' levels
(DBN)

Delta ends $200 monthly health insurance surcharge on unvaccinated employees
(DBN)

Biden administration extends transportation mask mandate for 15 more days
(DBN)

Holiday Travel Is Back—With Long Lines and Big Waits
(WSJ)

U.S. East Coast Jet Fuel Supplies Sink Even as Output Grows
(DBN)

____________

Utilities:

Texas power plant seeks Ch. 11 after 2021 storm leads to lawsuits
(DBN)

Puerto Rico Blackout Not Caused by Poor Maintenance, Luma Says
(DBN)

____________

Autos:

Toyota's U.S. Chief Sees No End in Sight to High Vehicle Prices
(DBN)

____________

Transit:

New Jersey Transit Ridership Grows as Workers Return to the Office
(DBN)

Anxieties resurface as gunfire erupts on NYC subway
(DBN)

____________

Sovereigns:

Russia Defaults on Foreign Loans According to S&P
(DBN)

IMF says it welcomes Sri Lanka's plans to engage with creditors Sri Lanka PM offers protesters talks as opposition eyes no-confidence vote Sri Lankan protesters mark new year near president's office
(DBN)

Debt for climate – the solution that marries economic recovery with climate action?
(DBN)

____________

UK:

U.K. Minister Quits Over Johnson's 'Partygate' Rule-Breaking Boris Johnson faces three more Covid fines as PM is warned 'worst is to come' Majority Says Johnson Should Go
(DBN)

Boris Johnson says tens of thousands could be sent to Rwanda under relocation plan for asylum seekers
(DBN)

Soaring petrol costs drive UK inflation to 30-year high
(DBN)

____________

EU:

Europe to see a sharp recession if Russia's Putin shuts off the gas taps
(DBN)

____________

Canada:

Unequal Treatment of Creditors: Paying a Supplier's Pre-filing Debt in a Proposal Under the Bankruptcy and Insolvency Act
(DBN)

Laurentian University could have avoided creditor protection: Auditor general
(DBN)

____________

Russia:

Bankruptcy moratorium introduced with effect until 1 October 2022
(DBN)

WHO: Over 70 killed in attacks on Ukraine health facilities Biden authorizes additional $800 million in military assistance for Ukraine Biden Announces $800 Million Weapons Package for Ukraine Polish, Baltic presidents visit Ukraine in show of support Chemical weapons use from Syrian war stokes Ukraine's fears Russia has yet to slow a Western arms express into Ukraine Biden: Russia war is genocide, trying to 'wipe out' Ukraine 'It can't be fixed:' In shattered Irpin, signs of homecoming Fleeing: Death on a river shows brutality of Russian occupation Putin vows to press invasion until Russia's goals are met 4.6 Million Seeking Refuge from Russian Invasion The U.S. has expanded intelligence sharing with Ukraine about Russian troops in the Donbas region Ukraine said it damaged the flagship of Russia's Black Sea fleet with missiles, while Moscow blamed ammunition blowing up onboard Russian Warship 'Seriously Damaged' in Explosion Ukraine says it damaged Russian flagship, crew evacuates Conflicting claims about Russian warship
(DBN)

Explainer-How to prove genocide, the most serious war crime?
(DBN)

Kremlin crackdown silences war protests
(DBN)

Biden gets personal with attacks on Putin
(DBN)

Poll: 82% think Putin is war criminal
(DBN)

Yes, Russians Know What Their Military Is Doing in Ukraine
(DBN)

Finland Takes First Step Toward NATO With Security Report Russia threatens new nuclear deployments if Sweden, Finland join NATO
(DBN)

Sweden on collision course with Putin after declaring wish to join Nato
(DBN)

Anonymous hijacks Putin's spy satellites using Russian hacking tools
(DBN)

____________

MENA:

Outlook For Afghan Economy 'Dire' As Household Incomes Shrink – World Bank
(DBN)

____________

China:

Xi Says China Must Stick to Covid Zero Even as Costs Mount
(DBN)

____________

Argentina:

With Argentine inflation seen topping 6%, a bricklayer struggles to survive
(DBN)

____________

China:

Hong Kong Court Issues Letter Of Request Under Mainland-Hong Kong Arrangement For Mutual Recognition Of Insolvency In Respect Of Cayman-Incorporated Company.
(DBN)

China's widening COVID curbs threaten global supply chain paralysis
(DBN)

Shanghai eases 2-week shutdown, letting some residents out
(DBN)

Yellen Challenges China in 'Moment for Choosing' on World Order
(DBN)

Apple MacBook Shipments Delayed as China's Lockdowns Slow Production
(DBN)

With 'Lady May' Stuck in France, Yacht Owner Puts Up $37 Million
(DBN)

____________

India:

NCLAT Directs Full Payment Of Provident Fund Dues To The Employees
(DBN)

Dues Of Secured Creditor Have Preference Over Crown Debts Unless Otherwise Provided By Statute
(DBN)

Whether Claim For Payment Of License Fee For Use And Occupation Of Premises For Commercial Purposes Amounts To A Claim Of 'Operational Debt'.
(DBN)

____________

Hong Kong:

Moratorium on Rent Enforcement - How does it affect landlords?
(DBN)

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