April 21, 2022

The Daily Bankruptcy News

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Law:

Cooley Tells Lawyers They Can Mostly Stay Home as Offices 'Open' Cooley to let many attorneys work remotely under office return plan
(DBN)

Congressman Blasts Six Lawyers For Collecting Russian 'Blood Money.' Only Six?
(DBN)

Judge won't toss $13B suit against Baker Donelson and insurer for alleged spying on litigant
(DBN)

Federal judge rejects plea-deal sentence for lawyer accused of stealing nearly $13M from clients
(DBN)

Culture, not cash, is key to lower turnover at law firms - report, article with image
(DBN)

The biggest law firms turned to these schools for U.S. recruits
(DBN)

Lawyers should be able to practice law in any state, says group urging ABA model rule change
(DBN)

All's Fair In Love and Law: Prof Finds A Strategic Source For Funding Ukraine
(DBN)

Record Breaking Partner Classes: Here to Stay?
(DBN)

Duane Morris Lawyers Aid McSwain Bid to Overcome Trump Rejection
(DBN)

Law Firms Fired in Whistleblower Case Get $6 Million in Fees
(DBN)

9 signs your coworker has narcissistic traits
(DBN)

Shooting Death of Milwaukee Immigration Lawyer Lands Bicyclist on Jury Stand and Behind Bars
(DBN)

Trump says he has no records subpoenaed by New York AG Trump asks judge not to hold him in contempt, says he complied with NY subpoena
(DBN)

Johnny Depp testifies about his finger getting severed in defamation case against Amber Heard Johnny sinks to new Depps: Star's testimony a disaster class in acting Amber Heard Appears to Admit Hitting Johnny Depp, Berates Him in Recordings Played in Court Johnny Depp Testifies That Amber Heard Made Him Call Himself a 'Monster,' Compares Marriage to a 'Perverse' Relationship with His Mother Meet the 'Depp Heads': Pirate Flag-Waving Johnny Depp Supporters Flock to Virginia Courthouse for Amber Heard Trial Johnny Depp to face cross-examination in defamation case against ex-wife
(DBN)

Can Texas declare a border 'invasion' and return migrants to Mexico?
(DBN)

Tim Ryan opposes Biden's border move, joining long list of Dems facing tough elections Tensions run high as Biden administration gets earful from some panicked lawmakers over Title 42
(DBN)

Marjorie Taylor Greene Might Not Be Able To Return. Like, Constitutionally.
(DBN)

Trump campaign must pay $1.3M in legal fees to "Apprentice" star Omarosa
(DBN)

Trumpland Superlawyer John Eastman Calls Supreme Court Cowards, Gets Remedial Lesson In Document Prep, Will Never Shut Up Judge Warns Lawyer for Man Accused of Assaulting Police on Jan. 6: Your Client's 'Mouthing Off' Won't End Well
(DBN)

DOJ, BLM protesters settle but state crackdowns continue, article with video
(DBN)

UK Court Formally Issues Order To Extradite Julian Assange To US
(DBN)

New Mexico fines 'Rust' for willful gun safety failures Report on 'Rust' movie shooting finds 'willful violations' on set
(DBN)

Biden's options if Russia hacks U.S. infrastructure
(DBN)

Cops Arrest COVID-19 Vaccine Scammer With 'Top Secret' Clearance Hookup
(DBN)

Florida Bride and Caterer Arrested After Allegedly Lacing Guests' Food with Marijuana
(DBN)

Accountant Gets Prison for 'Abhorrent' Plot to Murder Ex-Boyfriend's Wife Through Dark Web Scam Billing Itself as '#1 Hitmen Service'
(DBN)

Court halts South Carolina plan for firing squad execution
(DBN)

GOP mega donor Steven Hotze charged after a bogus election fraud scheme led a former cop to threaten a repairman
(DBN)

______________

Judges:

Judge's 'textualist' ruling on airline mask mandate sparks backlash Who is Kathryn Kimball Mizelle, the judge who blocked Biden's travel mask mandate?
(DBN)

Judge acknowledges using racial slur 'in an explanatory context'
(DBN)

Lawyer Who Called Judge An A-Hole At Holiday Party Disciplined
(DBN)

Ex-Brooklyn judge gets 15 months in prison for impeding federal probe, article with image
(DBN)

______________

Wall Street:

US stocks largely gain as investors look past grim Netflix results to next wave of big tech earnings
(DBN)

Dow jumps 249 points on Wednesday, but the Nasdaq is dragged down by a big plunge in Netflix
(DBN)

______________

Climate:

U.S. has permitted more wind and solar under Biden, but needs to do more -report to Congress
(DBN)

Arizona wildfire doubles in size near college town
(DBN)

Global asset managers have $82 billion in coal, $468 billion in oil and gas
(DBN)

____________

Retailing:

Amazon Europe Unit Paid No Taxes on $55 Billion Sales in 2021
(DBN)

Four Amazon drivers are suing the company after they were caught in the warehouse wrecked by a tornado. Two say warehouse staff threatened to fire them if they went home.
(DBN)

____________

Education:

Hire now, fire later. Schools flush with cash face a funding cliff in 2 years
(DBN)

____________

Autos:

Tesla revenues grow 81% from last year Tesla's Profits Jump 147%
(DBN)

____________

Entertainment:

Netflix's world has been turned upside down as stock plunges 35% JPMorgan cuts its Netflix stock-price target in half, says the streaming giant has checked every box of its bear case Netflix sheds more than $50 billion in market cap as stock plunges on subscriber loss Netflix may add commercials and crack down on account sharing
(DBN)

____________

Cannabis:

Cannabis sinks amid weed glut, Congress' inaction
(DBN)

Cannabis Investors Have Little to Celebrate on 4/20
(WSJ)

Move over, Giuliani: how loopholes sparked a golden age of cannabis in New York
(DBN)

Entrepreneur opens up about his weed business' finances
(DBN)

____________

Media:

CNN+ may be warning sign for streamed news
(DBN)

____________

Religion:

Cemeteries removed from sale in Roman Catholic Episcopal Corp. bankruptcy
(DBN)

____________

Healthcare:

America's mask manufacturers take it on the chin
(DBN)

30% of patients suffer from 'long Covid'
(DBN)

NY Gov. Hochul warns omicron subvariants driving 'rising tide' of Covid cases
(DBN)

Milwaukee requiring masks in schools just one day after mandate was dropped
(DBN)

Americans divided on judge's decision to end mask mandate Majority supports CDC mask mandate extension for public transportation: poll Administration officials are divided over whether to fight for travel mask mandate
(DBN)

How protected am I from Covid-19 if I wear a mask in public places but others around me don't? Dr. Scott Gottlieb: Covid masks work even if others around you aren't wearing one
(DBN)

Feds charge 21 people with Covid-related fraud
(DBN)

____________


Economy:

Fed's Daly says economy can handle rate hikes, but a mild recession is possible
(DBN)

Higher gas prices for American families
(DBN)

Used Car Prices Up 28% Year Over Year
(DBN)

Fed Risks Shattering Pro-Jobs Policy by Taking Hammer to Prices
(DBN)

The latest inflation threat for Biden
(DBN)

Netflix Subscriber Woes Hint at U.S. Consumer Pushback on Prices
(DBN)

World Bank Warns of Food Crisis Over Ukraine War
(DBN)

Population growth is slowing or reversing just about everywhere in the country. That has enormous implications for our future economy and prosperity.
(DBN)

Russia's Rosneft seeks roubles up front in oil tenders -sources Russia set to ban sharing of 'banking secrets' overseas European Gas Steady as Ruble Payment Risk Not Seen as Imminent EU Closes in on Russian Oil Ban Germany Rules Out Fast Russia Oil Ban All large euro zone banks can withstand Russian write-off, ECB says Russia's Fearful Elite Worries About a Way Out Wimbledon bans players from Russia, Belarus over Ukraine war U.S. unveils new sanctions as Russia continues Donbas assault US unveils latest sanctions targeting Russia US Treasury secretary and other finance ministers walk out of G20 meeting with Russia 'Insane war': Russian billionaire blasts Putin's invasion Inside Roman Abramovich's rise from college dropout and Red Army conscript to rubber-duck trader, billionaire oligarch, and wartime peace envoy A growing number of Kremlin insiders are questioning Putin's war in Ukraine, and believe it will set Russia back decades: report Russia's state-run oil producer is racing to sell its crude before tighter sanctions take hold U.S. Treasury sanctions Russian bitcoin miners as war enters its third month U.S. lobs fresh round of sanctions against people helping Russia evade penalties Russia's Surprise Rate Cut Likely Just the Start of More Easing Binance Set to Curb Services to Russia Users After EU Sanctions Akzo Warns Russia Revenue Could Fall 70% as More Business Halted U.S. Working With Fiji to Seize Russian Mogul's Megayacht Amadea
(DBN)

The Russian Oligarch With the Most to Lose
(WSJ)

Why the World Isn't Really United Against Russia
(DBN)

World needs extra $1.3 trln energy investment by 2030 - JP Morgan
(DBN)

IMF says governments must protect the vulnerable 'when things fall apart', avert unrest
(DBN)

Top 3 Years For Annual Job Growth So Far In The 21st Century Came Under Biden And Obama
(DBN)

Hunger and Blackouts Are Just the Start of an Emerging Economy Crisis
(DBN)

Poor Start to Earnings Season Reveals Pain in Emerging Economies
(DBN)

Chip-Starved Firms Are Scavenging Silicon From Washing Machines
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

U.S. existing home sales fall; house prices hit record high NAR: Existing-Home Sales Decreased to 5.77 million SAAR in March NAR: Existing-Home Sales Decreased to 5.77 million SAAR in February The price of a home sold in March set a record, as inventory dwindled and sales fell
(DBN)

U.S. mortgage interest rates reach a 12 year high, demand falters
(DBN)

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

More Analysis on March Existing Home Sales
(DBN)

It's time for the US to let renters unionize like FDR did for workers 87 years ago, a public policy professor says
(DBN)

Historic L.A. Building With Banksy Mural for Sale Following Tarina Tarantino Bankruptcy Filing
(DBN)

____________

Municipalities:

City of Detroit asks bankruptcy judge to dismiss lawsuit filed by 'White Boy Rick' Richard Wershe Jr. denounces Detroit's effort to dismiss lawsuit due to bankruptcy
(DBN)

As Bankruptcy Lifts, Puerto Ricans Rebuild Community Capital
(DBN)

____________

Oil/Gas:

Weekly exports of US oil products hit an all-time high amid a scramble to replace Russian supply
(DBN)

White House quits asking Saudis for more oil after verbal dust-up with top official: report
(DBN)

It's Getting Increasingly Expensive To Boost U.S. Oil Production
(DBN)

____________

Student Debt:

The Student Loan Moratorium Has Been Extended Yet Again. Why?
(DBN)

Lawmakers seek to repeal SC law that bans student loan defaulters from state jobs
(DBN)

____________

Labor:

Atlanta Apple store is the first to file for union election
(DBN)

____________

Mass Torts:

San Francisco reaches $10 million opioid settlement with Endo ahead of trial
(DBN)

____________

Ride Hailing:

Elon Musk says Tesla hopes to produce a robotaxi with no steering wheel or pedals in 2024
(DBN)

____________

Accounting:

Deloitte Hit With £1.45 Million Fine Over Mitie Group Audit
(DBN)

____________

Politics:

Dramatic moment Donald Trump storms off explosive Piers Morgan interview raging 'you're a DISLOYAL FOOL' 'You Lost!' Piers Morgan and Trump Trade Vicious Insults in Preview For Upcoming Interview Audio Suggests Morgan Doctored Trump Interview Exit
(DBN)

Colorado Governor Rips DeSantis For 'Socialist Attacks on the Private Sector': 'We're Ready for Mountain Disneyland'
(DBN)

Florida Senate Passes Bill to Eliminate Disney Special Tax District
(DBN)

Tennessee Republicans remove Trump-backed candidate, others from ballot Trump silent as Tenn. GOP kicks his candidate off ballot
(DBN)

DeSantis to stump for Trump-backed Nevada Senate candidate
(DBN)

80 Percent of Republicans Say 'Important' To Do Presidential Debates Following RNC Dropout
(DBN)

All hope isn't lost for Democrats in November
(DBN)

Election handicappers shift more than a dozen House races toward GOP
(DBN)

It's been a very bad few days for Joe Biden
(DBN)

Mitt Romney tells Biden to ditch his 'woke advisors' to focus on the economy, soaring inflation and the 'flood of illegal immigration' expected when Title 42 is dropped
(DBN)

GOP Rep. Mocked for Claiming a Billion Migrants Were Apprehended on Southern Border: This is What Happens When You 'Ban Math'
(DBN)

GOP lawmakers vote remotely more often after initial scorn
(DBN)

Florida Senate approves new congressional map that cements GOP gains
(DBN)

'Are You Ready to Die for Allah?': Trump Supporter Pleads Guilty to Threatening Congresswoman Ilhan Omar
(DBN)

Trump-endorsed JD Vance keeps failing to follow federal financial rules
(DBN)

Gerrymandering Leaves Texans w/ Few Options
(DBN)

With punishment ready, Florida GOP lawmakers tell Disney to rethink 'Don't Say Gay' criticism
(DBN)

____________

 


New Bankruptcy Opinions
(3 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (4 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:

Where to Next? Travel and Bankruptcy Predictions Remain Foggy
(DBN)

______________

Bankruptcy Reform:

Jacobs pitches bill to help firearms owners in bankruptcy
(DBN)

____________

Avoidance Actions:

Ten Years Gone – Delaware Bankruptcy Judge Rejects Effort to Extend Lookback Period for Avoidance of Pre-Bankruptcy Transfers
(DBN)

____________

Third Party Release:

Is it Time to Prohibit Non-Consensual Third-Party Releases in Bankruptcy Proceedings?
(DBN)

____________

Aviation:

United forecasts a 2022 profit as passengers return and pay more to fly
(DBN)

U.S. Justice Department appeals transportation mask ruling
(DBN)

The summer of revenge travel is coming. No one can afford it.
(DBN)

FAA keeps zero tolerance policy for unruly passengers even after mask ruling
(DBN)

Majority of Americans want masks for travelers: AP-NORC poll
(DBN)

Relief, confusion and disappointment after transportation mask mandate ends
(DBN)

Cathay Offers Pilots Up to $93,000 Allowances to Stem Exodus
(DBN)

____________

Insurance:

Life insurance bond seller GWG files for Ch. 11 amid SEC probe
(DBN)

Florida Agents Must Return $4M in Unearned Commissions From Insolvent Gulfstream
(DBN)

____________

Fraud:

DOJ announces $150M in Covid health fraud, bogus vaccination prosecutions
(DBN)

'Varsity Blues' Judge Won't Let Convicted Former TV Exec Leave '8,000 Square-Foot Penthouse' Condo to Attend Daughter's Law School Graduation
(DBN)

____________

Celebs:

Alex Jones Ordered To Cough Up $1 Million, Gets Defamation Suits Delayed With Conveniently Timed Bankruptcy Filing Alex Jones trial pushed back as InfoWars seeks bankruptcy protection Judge reluctantly delays Alex Jones trial in Sandy Hook case, criticizes his lawyers
(DBN)

Alex Jones signals willingness to sit for January 6 interview with Department of Justice
(DBN)

Katie Price is selling dirty shoes for £350 ahead of bankruptcy hearing
(DBN)

____________

Financial Services:

Dallas-based financial services firm GWG Holdings files for bankruptcy GWG blames SEC investigation of brokers for its collapse
(DBN)

____________

Sovereigns:

Russia faces potential default scenario after using rubles to make payments on dollar bonds, industry group rules
(DBN)

Russia Comes Closer to Default After Swaps Watchdog Rules Against Ruble Payments
(WSJ)

Pakistan to cut expenditures, development funds to revive IMF programme
(DBN)

Sri Lanka Prioritizing Debt Recast in Funds Search, Sabry Says
(DBN)

____________

UK:

The Commercial Rent (Coronavirus) Act 2022: A Solution to the Commercial Rent Arrears Problem?
(DBN)

Missguided chief quits as the online women's fashion seller teeters on the brink of collapse
(DBN)

Drum-Kit, Guitar Seller Gear4Music Suffers as U.K. Costs Crisis Hits Demand
(DBN)

Brexit Leaves British Beef Rotting
(DBN)

____________

EU:

EU Asks Citizens to Turn Down Heating, Lower Car Speeds to Cut Russia Energy Dependence
(DBN)

Pace of ECB Rate Path Jolts Markets With July Hike on Radar
(DBN)

Traders Bet on Three ECB Hikes in 2022 to Take Rate Above Zero
(DBN)

Euro Notches Biggest Drop as Global Payment Currency Since 2011
(DBN)

____________

Canada:

Alberta Court of Appeal clarifies application of Redwater to oil and gas assets
(DBN)

Canada inflation surges more than expected in March, hitting 31-year high Multiple inflation pressures complicate Bank of Canada's soft landing goal
(DBN)

____________

Russia:

Ukraine war refugees top 5 million as assault intensifies Zelensky: Lack of weapons to beat Russia in Mariupol Russia pressures Mariupol as it focuses on Ukraine's east Another Holocaust Survivor Killed In Ukraine Amid Russia's So-Called 'De-Nazification' Campaign UN Secretary-General Guterres requests meetings in Moscow, Kyiv to end war Russia pours in more troops and presses attack in the east As Russia mounts new offensive, Western allies' help for Ukraine could be too little, too late An abandoned Russian military camp in a forest near Kyiv reveals horrors of the invasion Boris Johnson casts doubt on possibility of negotiated peace in Ukraine "Crocodile Has Your Leg In Its Jaws": Boris Johnson On Talks With Putin Putin Says Russia Took Mariupol Even as Ukraine Troops Remain Putin Cancels Storming of Mariupol Steel Mill
(DBN)

How key Putin allies have died, been jailed and suffered mystery 'heart attacks' as he fights off Palace coup
(DBN)

Russian military carries out test launch of intercontinental ballistic missile
(DBN)

Sweden Plans to Speed Up NATO Analysis to Keep Pace With Finland
(DBN)

Corbyn: Time to Disband NATO
(DBN)

Ukraine Seeks Retail 'Peace Bond' for U.S., EU Diaspora
(DBN)

____________

China:

IMF's Georgieva says China should stimulate consumption as lockdowns mount
(DBN)

Shanghai Sees Number of Severe Covid Cases Triple in 24 Hours Shanghai's Moldy Covid Food Packages Prompt Outcry From Public
(DBN)

China's fiscal revenue growth slows in March
(DBN)

In Shanghai, Tesla Workers Are Forced to Sleep on Factory Floors But Tesla Owners Don't Seem To Mind Elon Musk's Shanghai Bullishness Belies Supply Chain Snarls
(DBN)

Cargo Ships Backing Up to Load at Shanghai
(DBN)

Chaos in Chinese markets shows the yuan is no threat to the dollar, veteran economist says
(DBN)

____________

MENA:

MBS threatened to move Saudi Arabia closer to Russia and China to punish Biden for ostracizing him, report says
(DBN)

____________

India:

IBBI Plan To Handle Murky Transactions
(DBN)

Nirav Modi's sister moves court seeking ED be directed to intervene in US proceedings
(DBN)

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