April 15, 2022

The Daily Bankruptcy News

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Law:

Duane Morris to Cut Office Space 20% on Remote Work, Desk Shares
(DBN)

Akin Gump NQs become the highest paid in the City on £164k
(DBN)

Jones Day out of pocket by £5.5m and HSF owed £900k after client goes bust
(DBN)

Freshfields moving its back office to Eastern Europe
(DBN)

Bar exam pass rates slump in New York, Florida
(DBN)

Law School At The Top Of The Constitutional Law Game
(DBN)

Lingering Side Effects: Young Lawyers and COVID-19
(DBN)

'Seasoned litigator' fails to persuade 7th Circuit that sanction was demeaning and too harsh
(DBN)

Kim Kardashian Is Looking Forward To Opening Up Her Own Law Firm
(DBN)

Gibson Dunn Says Sanctions Motion Presents 'False And Misleading Account'
(DBN)

California Bar’s Policies Don’t Protect Public, Audit Finds
(DBN)

Texas Client Gets Attorneys’ Fee Award Nixed for Arbitrator Bias
(DBN)

Refugee lawyer describes harrowing invasion of Ukraine
(DBN)

Prosecution careers are a tougher sell since the pandemic; positions go unfilled as few apply
(DBN)

U.S. Businesses Get Hit With Record Numbers of Disability Lawsuits
(DBN)

Man blaming Trump’s ‘orders’ for riot actions found guilty 'This Is Not President Trump’s Criminal Trial': Jury Convicts Ohio Man Who Stormed the Capitol on Jan. 6 and Said He Was Following Trump's Orders AP sources: Trump aide Stephen Miller speaks to 1/6 panel
(DBN)

Judge Slams Trump as a Charlatan
(DBN)

Amber Heard's Ex-Assistant Torches Her Former Boss, Claims She Saw Apparent 'Strategy Meeting' Over Johnny Depp Abuse Claims
(DBN)

Kentucky's only two providers stop offering abortions unless court blocks new ban ACLU Immediately Files Lawsuit After Kentucky Legislature Overrides Governor's Veto to Pass Abortion Ban It’s now practically impossible to get an abortion in Kentucky
(DBN)

Florida Gov. Ron DeSantis signs 15-week abortion ban into law
(DBN)

DeSantis tells migrants on bus from Texas to DC: 'Do not come to Florida'
(DBN)

Judge refuses to toss criminal charge against former Perkins Coie partner in special counsel probe
(DBN)

Patrick Lyoya’s dad seeks charges, officer ID in son’s death Family of Black man killed by Michigan police demands criminal charges
(DBN)

A new Supreme Court case makes George W. Bush look like a racial justice crusader
(DBN)

Judge Denies DNC Lawyer's Motion To Dismiss Durham Indictment. Can Gitmo Be Far Behind?
(DBN)

George Floyd Lawyer Joins Wells Fargo Racial-Disparity Lawsuit
(DBN)

City council won't pay jailed man the $6M he's owed after lawsuit proves evidence was fabricated
(DBN)

Subway shooting heightens NYC mayor’s focus on rising crime Brooklyn subway attack suspect ordered held without bail Suspected Brooklyn Subway Mass Shooter Appears in Court for First Time on Federal Terror Charge, Agrees to Pre-Trial Confinement
(DBN)

Texas Woman Accused of Shooting Ex During Child Custody Exchange Because She Was 'Upset' His New Girlfriend Was There
(DBN)

Four Suspects Sought in D.C. Crime Spree Involving Puppy Thefts and Gunshot Wounds: Police
(DBN)

Democratic Party Donor Ed Buck Gets 'Functional Equivalent of Life Sentence' in Prison for Deaths of Black Men Who Were Fatally Injected with Meth Hollywood Democratic donor Ed Buck sentenced to 30 years for meth ODs
(DBN)

Former Olympian and Dressage Coach Found Not Guilty by Reason of Insanity in Attempted Murder of Student
(DBN)

Feds to Return Million Stolen by CA. Sheriff
(DBN)

Wrongful conviction tracker hits milestones: One decade and 3,000 cases
(DBN)

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Judges:

9th Circuit judge urges Biden, Nevada senators to pick state AG's wife as successor
(DBN)

The Civic Duty Of Lawyers To Speak Out When The Supreme Court Dupes The Public
(DBN)

______________

Wall Street:

Fired Goldman Trader Loses Bid to Revive Claim Against Bank
(DBN)

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Layoffs:

ProQR to lay off 30% of staff
(DBN)

Better.com said to be planning third round of layoffs
(DBN)

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Climate:

BlackRock Sees Major Increase in Climate Commitments This Decade
(DBN)

California Ran on Nearly 100% Clean Energy This Month
(DBN)

New York Clears $4.5 Billion Plan to Bring Hydropower to Big Apple
(DBN)

Couple found dead as wildfire destroys New Mexico homes
(DBN)

China Is Planning Record Wind and Solar Power Additions This Year
(DBN)

NASA Scientist: We're Going to Lose Everything
(DBN)

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Celebs:

Elon Musk goes into full goblin mode Musk Says He’s ‘Not Sure’ He’ll Succeed With Twitter Acquisition Here's The Message Elon Musk Sent to Make His $43 Billion Twitter Offer Musk Not Sure He Can Buy Twitter Major Twitter shareholder Prince Alwaleed bin Talal of Saudi Arabia rejects Elon Musk's $54.20-a-share attempts to buy firm but hints he'll reconsider if Tesla tycoon ups his offer Key Twitter Investor Prince Alwaleed Rejects Elon Musk’s Bid Major Twitter investor rejects Elon Musk's bid and says $43bn offer is 'nowhere near' what he'd accept Twitter Is Weighing a Poison Pill Defense to Thwart Elon Musk’s Takeover Bid Elon Musk Also Threatened to Buy My Company. Here’s How We Handled It Goldman Sachs, Morgan Stanley Face Off on Musk Bid for Twitter Musk Draws From Classic Activist Playbook in His Bid for Twitter Twitter Bonds Signal Skepticism That Elon Musk’s Takeover Bid Will Succeed The Twitter Investors Musk Hopes to Keep May Not Want to Stay Twitter CEO Tells Employees Board Is Still Evaluating Musk Offer Is Elon Musk really going to buy Twitter for $43 billion? There are good reasons why Elon wants Twitter
(DBN)

Musk says U.S. SEC 'bastards' forced settlement over Tesla tweets
(DBN)

50 Cent Responds To Young Buck's Bankruptcy Woes With More Gay Slander Young Buck Reportedly at Risk of Losing Gold Teeth, Cash App Gifts in Bankruptcy Case
(DBN)

____________

Fraud:

SEC alleges Las Vegas lawyer shot by FBI was part of a $449M Ponzi scheme
(DBN)

You Say 'Terrible Error In Judgment,' Prosecutors Say 'Ripped Off Investors For More Than A Decade'
(DBN)

____________

Healthcare:

See's Candies must face worker's COVID lawsuit after Cal high court denies appeal
(DBN)

IMF Deputy Says World Needs to Prepare for Covid Downsides
(DBN)

Africa Covid-19 New Infections at Lowest Since April 2020
(DBN)

MS has an economic cost of $85.4 billion, study says
(DBN)

Latino Mortality Rate Spiked 48% in Los Angeles During Covid
(DBN)

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Economy:

Summers Argues a U.S. Recession Is More Likely Than a Soft Landing
(DBN)

Weekly Initial Unemployment Claims Increase to 185,000
(DBN)

U.S. Consumer Sentiment Unexpectedly Rises to Three-Month High
(DBN)

Price of Gasoline Up 48% in a Year
(DBN)

Americans' spending at stores and restaurants rose to a new record in March as inflation hit a 41-year high
(DBN)

What Past Recessions Can Teach Us About The Next One
(DBN)

Drug and Alcohol Abuse Is Slowing Labor Force Recovery, Fed Finds
(DBN)

5 charts that show exactly why everyone is freaking out about food prices right now
(DBN)

The largest consumer staples ETFs hit all-time highs as data shows Americans kept spending in March
(DBN)

‘Unretirement’ Is on the Rise in U.S. as Older Workers Return
(DBN)

Summers Suggests U.S. Focus Global Agenda Elsewhere Than China
(DBN)

Retail Sales Increased 0.5% in March
(DBN)

Amazon CEO says 'it's high time' the government increases the federal minimum wage
(DBN)

Russian Grain Still Flows to Top Customers Despite War Inflating Costs Putin acknowledges that Western sanctions have started to hurt Russia's oil and gas industry Ukrainian president Zelenskyy said European countries still buying Russian gas and oil are making money ‘out of blood’ Putin Says Europe Has No Immediate Alternative to Russian Gas EU Leaders to Discuss Joint Gas Purchases at Summit in Late May What's Keeping China From Buying More Russian Crude? Russian Central Banker Sees Room to Cut Rates Again on Inflation Indonesia Says Russia Has the Right to Attend G-20 Next Week Netherlands Tells Its Companies Not to Pay for Gas in Rubles Oleg Deripaska's Superyacht on the Move as Sanctions Bear Down The captain of a Russian oligarch's $325 million superyacht was questioned by police over customs clearance after docking in Fiji, a report says Seizing Oligarch’s Superyacht Means U.S. Now Must Pay for Upkeep U.K. Freezes 10 Billion Pounds of Assets Linked to Abramovich EU May Sanction Russian Energy Supplies as Pressure Builds, Yergin Says Citi Began Deepening its Russia Retreat Before Ukraine Invasion
(DBN)

War Risks Reversing Economic Recovery From Pandemic, IMF Warns
(DBN)

UN: War in Ukraine "supercharging" global crises
(DBN)

Biden Pushes Congress on Manufacturing Bill to Bolster Competition With China
(DBN)

Steel Demand Growth to Slow in 2022 as War Threatens Outlook Japanese Steelmakers Raising Prices and Warning of More Hikes
(DBN)

RTO Sticker Shock: Lunch, Gas and Other Costs Surge For Workers
(DBN)

Half-Point Rate Hike Is 'Reasonable Option,' Fed's Williams Says
(DBN)

BlackRock Strategists Say Traders Are Wrong on Fed's Rate Path
(DBN)

Workers Are Getting Angry About Companies Ending Vaccine Mandates
(DBN)

JPMorgan's New Headquarters Touts Yoga, Cycling to Lure Talent
(DBN)

Mexican Truckers End Initial Blockade to Shift to Other U.S. Crossings Texas Governor Further Relaxes Controversial Border Inspections Greg Abbott Backs Down on Border Inspections
(DBN)

California voters say state is moving in the wrong direction, feel financial squeeze
(DBN)

California #3 State for Economic Growth
(DBN)

Female Executives Confront the Equity Pay Gap
(DBN)

Private Fundraising Deals Slump as Public Valuations Tumble
(DBN)

Chicago to open applications for monthly $500 payments to thousands of low-income families
(DBN)

Wells Fargo CFO Says Inflation, Rising Rates Not Yet Stressing Business
(DBN)

LA Area Port Traffic: Record March Inbound Traffic
(DBN)

China Lockdowns Worry Businesses as Shipping Uncertainty Grows
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

These Cities Saw Rents Climb During the Pandemic
(DBN)

U.S. Mortgage Rates Hit 5% for the First Time Since Early 2011
(DBN)

Miami Rents Rise 58% During Covid
(DBN)

Property Taxes Topped $10,000 in 12 New York Counties in 2021
(DBN)

Uniti Group: The REIT's Recovery Climb Continues
(DBN)

____________

Oil/Gas:

U.S. Oil Drillers Ramp Up Output Amid Higher Prices
(DBN)

BMW CEO warns against EV-only strategy
(DBN)

____________

Education:

Ohio Valley University officials appear in court for bankruptcy hearing
(DBN)

Homeschooling surge continues despite schools reopening
(DBN)

____________

Agribusiness:

CF Says Rail Delays to Further Shrink U.S. Fertilizer Supply
(DBN)

____________

Sports:

Report: Bankrupt XFL wants refund from ex-commish Oliver Luck
(DBN)

____________

Coal:

Coal company CEO indicted on federal money laundering charges
(DBN)

____________

Non-Profits:

Patrisse Cullors falsely claims BLM was insolvent before $6M mansion buy
(DBN)

____________

Utilities:

Midwest Power Capacity Cost Soars 47-Fold on Supply Shortfalls
(DBN)

____________

Autos:

New Car Prices Drops, but Still Over Sticker
(DBN)

____________

Politics:

Will Trump practice 'the art of withdrawal' ahead of 2024 presidential primaries?
(DBN)

GOP votes to withdraw from presidential debate panel
(DBN)

Tennessee state senator offers Hitler as inspiration to homeless
(DBN)

Texas Governor’s Border Slowdown Risks Backlash Before Election
(DBN)

Gerrymander vs. gerrymander: How Democrats clawed the House map (mostly) back
(DBN)

Texas governor woos California donors while vilifying state
(DBN)

4 senators say 88-year-old Sen. Dianne Feinstein's memory is 'rapidly deteriorating': report
(DBN)

An 83-year-old California man was sentenced to 3.5 years in prison after stealing more than $250,000 by pretending to raise money for Bernie Sanders, Beto O'Rourke and others
(DBN)

____________

 


New Bankruptcy Opinions
(2 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (15 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (9 new filings today)
(DBN)

Jobs:

Bankruptcy Attorney Jobs Bankruptcy Paralegal Jobs Bankruptcy Attorney Jobs Bankruptcy Paralegal Jobs Bankruptcy Attorney Jobs Bankruptcy Attorney Jobs
(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:

BK NV: Updated Bankruptcy Statistics
(DBN)

Colorado second in Rocky Mountain West region for middle market bankruptcy and receivership filings Q1
(DBN)

Why are Northern Plains bankruptcy rates so low?
(DBN)

______________

Mass Torts:

Pharma giant J&J's bankruptcy will not protect it against lawsuit from workers who claim they were exposed to asbestos in the manufacturing of its baby powder
(DBN)

Boy Scouts wrap up month-long trial over $2.7 bln sex abuse deal
(DBN)

Alabama delays trial, nears opioid settlement with McKesson
(DBN)

____________

Aviation:

American Airlines Clashes With Union Over Training New Pilots
(DBN)

Air cargo hits 32-year high in February
(DBN)

Bankruptcy Declared By Turkish Airline Onur Air
(DBN)

____________

Sovereigns:

Rubles for Dollar Debt May Be ‘Considered Default,’ Moody’s Says
(DBN)

Tunisia Rules Out Debt Overhaul in Any IMF Deal, Investor Says
(DBN)

Bankrupt Sri Lanka looks to expand airline fleet
(DBN)

IMF to Hold Debt Discussions With Egypt, Sri Lanka and Tunisia
(DBN)

Sri Lanka Seeks Immediate Funds as Aid Talks Shift to D.C.
(DBN)

____________

UK:

Johnson Says Sunak Can Be U.K. Chancellor as Long as He Wants
(DBN)

U.K. Banks Plan Sharp Cut in Mortgage Lending, BOE Survey Finds
(DBN)

____________

EU:

Euro Declines to the Lowest Level Versus Dollar Since May 2020
(DBN)

Countries that agree to Putin's demand for energy payments in rubles would be violating sanctions, the European Union warns
(DBN)

ECB President Lagarde Says War Is Stoking Risks to Inflation in Euro Zone
(DBN)

ECB Sticks to Speedier Stimulus Exit as War Fans Inflation
(DBN)

____________

Canada:

Unequal Treatment Of Creditors: Paying A Supplier's Pre-Filing Debt In A Proposal Under The Bankruptcy And Insolvency Act
(DBN)

Abandonment and Reclamation Obligations, Builders Liens, and Municipal Taxes in Oil and Gas Bankruptcy Proceedings
(DBN)

____________

Russia:

Damaged Russian Warship Has Been a Symbol of Ukrainian Defiance How ageing Russian warship Moskva was blown up by 'Neptune' missiles in biggest naval disaster since General Belgrano Russia’s Damaged Warship Dents Both Its Pride and Capabilities Russia accuses Ukrainian forces of shelling Russian village Russia warns US & allies against arming Ukraine: Report Nearly 2,000 Ukrainian civilians killed since invasion began, UN says Thousands of Ukrainians returning home amid fighting Atrocities are piling up across Ukraine Russia Wages Social-Media Campaign to Label Bucha Massacre a Hoax Russian Officials Charged With U.S. Disinformation Conspiracy Pressure on US to give Ukraine more intelligence on Russia Ukrainians Come Home to Wreckage, Booby Traps and Fresh Laundry
(DBN)

Pope's Russia-Ukraine 'Good Friday' Plan Draws Kyiv's Ire
(DBN)

As Russia's war in Ukraine founders, ominous rhetoric gains ground
(DBN)

Russia Threatens Nuclear Buildup If Finland and Sweden Join NATO
(DBN)

CIA director warns Russian threat of tactical nuclear weapons should not be taken "lightly"
(DBN)

Lonely Putin Is Losing Control of His Own Spiraling Minions
(DBN)

____________

South Africa:

Covid-19 Incidence in Wastewater Is Rising in South Africa
(DBN)

South Africa Covid Vaccine Plant May Shut on a Lack of Orders
(DBN)

____________

China:

Xi Moves to Stop Shanghai Covid Rage From Sweeping Across China
(DBN)

Lockdowns Spread Beyond Shanghai to Other Cities More Chinese Cities Look to Lockdown as Outbreak Spreads
(WSJ)

Shanghai’s Frozen Meat, Seafood Imports Stall on Port Congestion
(DBN)

China's Covid Deaths Data Questioned as Tally Lags Other Nations
(DBN)

Shanghai Residents Clash With Police Over Nearby Quarantine Site
(DBN)

Congress sounds alarm bells on Taiwan
(DBN)

Chinese Refiners Cut Output At An Alarming Rate
(DBN)

PBOC Urges Loans to Logistics Firms to Ease Supply Chain Pain
(DBN)

China Central Bank Unexpectedly Keeps Policy Rate Unchanged
(DBN)

Tesla Staring Down 40,000 Lost EVs Due to Shanghai Lockdown
(DBN)

China’s Key Economic Data to Show Price Paid for Covid Zero
(DBN)

____________

India:

Distinction of decree holders from financial creditors is intelligible
(DBN)

____________

France:

Macron Backs Pay Cap for CEOs in Bid for Votes From the Left
(DBN)

____________

Japan:

Bank of Japan Poised to Predict Strongest Inflation in 30 Years
(DBN)

____________

South Korea:

Covid Standout South Korea to Drop Most Curbs as Virus Recedes
(DBN)

____________


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