April 27, 2022

The Daily Bankruptcy News

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Law:

Numbers show slight increase in two-year bar pass rates
(DBN)

Keeping Up With The Cravathians: These Salaries Go Up To $415K
(DBN)

This Biglaw Firm Had A Meteoric Rise In 2021
(DBN)

All The Billion-Dollar Biglaw Firms: A Look At The Am Law 100
(DBN)

Morgan Lewis bankruptcy leader jumps to Kasowitz spinoff firm Am Law 100 Bankruptcy Practice Leader Kurt Mayr Joins Glenn Agre
(DBN)

Twitter's Sale Steered by Wilson Sonsini, Simpson Thacher
(DBN)

What is in the audio that led prosecutors to charge dentist in law prof's murder?
(DBN)

Biglaw Partner Treated To 37-Day Quarantine As China Launches New COVID Lockdowns
(DBN)

Not All Am Law 100 Firms Were Operating At Peak Performance In 2021
(DBN)

Crypto Industry Can't Hire Enough Lawyers
(DBN)

After 20 tries, law grad passes the bar but is barred from law practice in Massachusetts
(DBN)

Big Law Attorneys Share Why Mentoring Matters: Part Four
(DBN)

Elite Law Firm Will Offer $150,000 In Clerkship Bonuses Law firm demand for federal clerks is growing. So are bonuses
(DBN)

Hey, Associates: How's The New Normal Treating You?
(DBN)

A&O announces 39 new partners globally
(DBN)

Twitter's top lawyer, who angered conservatives with her past decisions about moderating content, reportedly cried when discussing the Elon Musk purchase with employees
(DBN)

Son of famed American artist charged in Jan. 6 Capitol riot 'Exhilarated' McConnell said Jan. 6 'discredited' Trump, book says Comment on Trump pardon could be key for Jan. 6 panel Brothers from posh Chicago suburb escape without prison time for role in MAGA riot Rick Perry's Election Lie Undone — By His Own Text Message Sean Hannity mocked after leaked texts suggest he took orders from Trump's White House: 'Yes sir, on it' Sean Hannity texted Mark Meadows a clip of McConnell condemning Trump after January 6: 'Well this is as bad as this can get' Ivanka Got Real Quiet Real Fast in the Group Text After Nov. 6 Marjorie Taylor Greene needs to 'answer one simple question' about her Jan. 6 texts: analyst Meadows texts shine new light on Trump effort in Georgia Leaked audio shows Kevin McCarthy singled out Mo Brooks and Matt Gaetz for 'endangering the security of lawmakers' Gaetz lashes out at McCarthy, Scalise after leaked comments McCarthy Feared G.O.P. Lawmakers Put 'People in Jeopardy' After Jan. 6 Congressman Raskin reveals what the Jan. 6 committee plans to do in future hearings Pot-Smoking, Trump-Idolizing Jan. 6 Defendants May Be Close to Plea Deal: Lawyers Judge Sentences Illinois Brothers Who Breached the Capitol Building on Jan. 6 to Probation and Home Detention Capitol Rioter Jenna Ryan Says She's Pulled Out of Documentary New details show extent of GOP effort to unwind Trump's loss Chaos and confusion: All the texts sent to Mark Meadows during the Jan. 6 insurrection
(DBN)

Donald Trump's longtime appraisers, Cushman & Wakefield, ordered to obey NY AG Letitia James' subpoenas Donald Trump Dealt Second Defeat in Single Day After Judge Who Found Him in Contempt Ordered Real Estate Firm to Comply with Subpoena
(DBN)

Trump's $10,000-a-day fine for ignoring subpoena kicks in today, says New York judge Trump Cries Witch Hunt As State Court Imposes $10,000 Daily Contempt Fine
(DBN)

'Trump has willfully disobeyed' order, judge says as $10K contempt fines start
(DBN)

AG Garland: 'There Will Not Be Interference' in DOJ's Hunter Biden Investigation
(DBN)

High court could free Biden to end Trump asylum policy Supreme Court Questions Biden Bid to End 'Remain-in-Mexico' Tough questions for both sides in dispute over "remain in Mexico" policy
(DBN)

Migrants in Texas increasingly subject to kidnapping, extortion, other abuse, FBI says
(DBN)

Texas' Busing of Migrants to D.C. Isn't Having Abbott's Intended Effect Yet
(DBN)

Americans Widely Favor Welcoming Ukrainian Refugees
(DBN)

DHS outlines plan to secure border after Title 42 is lifted Biden to comply with forthcoming order to keep Title 42 in place
(DBN)

As SCOTUS Considers Fate of Trump-Era 'Remain in Mexico' Policy, One Justice Says Texas Would Leave U.S. Immigration Decisions 'in the Hands of Mexico'
(DBN)

Why was death row inmate Melissa Lucio's execution delayed?
(DBN)

I've Seen Mock Trial Team Members Do Better Than Amber Heard's Lawyer. They Weren't Even That Good A judge warns Johnny Depp fans to stop laughing during trial or face being removed from court 'We Did Not Identify a Crime': Officer Who Responded to Alleged Domestic Incident Testifies Amber Heard Reported No Abuse and Did Not Appear Injured Forensic Psychologist Called by Johnny Depp Testifies That Amber Heard Has Two Personality Disorders—But No PTSD
(DBN)

Michigan chief IDs officer who fatally shot Patrick Lyoya
(DBN)

Police officer murders up 59% in 2021
(DBN)

Woman allegedly stabbed husband to death after arguing about how coffee tasted, Memphis police say
(DBN)

'Rust' video shows Alec Baldwin rehearsing drawing his gun moments before the deadly on-set shooting
(DBN)

Harvard commits $100 million to redress ties to slavery
(DBN)

US: Anti-Semitic Incidents Hit Record High
(DBN)

Biden Issues First Round of Pardons and Commutations in Cases of Former U.S. Secret Service Agent, Dozens of Nonviolent Drug Convictions — What to Know
(DBN)

As U.S. abortion access wanes, this doctor travels to fill a void
(DBN)

Tx. Abortion Ban's Unintended Consequences
(DBN)

______________

Judges:

BK MD AL: Court Newsletter
(DBN)

House panel to explore impeachment, judicial ethics in wake of Ginni Thomas texts
(DBN)

Gorsuch and Kavanaugh sour on Lemon endorsement test in praying football coach case
(DBN)

Court revives sexual harassment lawsuit targeting federal judiciary
(DBN)

SCOTUS Seems Fed Up with Trump Judge
(DBN)

The KBJ Effect: How Ketanji Brown Jackson's SCOTUS Confirmation Has Inspired HBCU Law School Students
(DBN)

______________

Wall Street:

 

Nasdaq loses nearly 4%, hits fresh low for 2022
(DBN)

Tesla Stock Plunge Wipes Out $114 Billion In Value As Twitter Deal Sparks Fears
(DBN)

Stocks sink as inflation, recession fears rattle Wall Street
(DBN)

Bank Stocks Unravel in Worst Rout Since 2020
(DBN)

______________

Layoffs:

Robinhood cutting about 9% of full-time employees Robinhood cuts hundreds of jobs as pandemic stock trading flurry slows
(DBN)

Credit Suisse Sheds More Executives After Another Quarterly Loss
(DBN)

______________

Sports:

Unvaccinated Players Set to Compete at Wimbledon, Organizers Say
(DBN)

____________

Politics:

Perdue invokes Trump election lies in Georgia GOP primary
(DBN)

Building the "Big Lie": Inside the Creation of Trump's Stolen Election Myth
(DBN)

Wall Street Journal Editor Has Had It With Republicans Who Back Donald Trump's Big Lie
(DBN)

DeSantis Signals More Disney Action After 'First Step'
(DBN)

Mitch McConnell said Trump 'put a gun to his head and pulled the trigger' on January 6 and was 'pretty thoroughly discredited' by the attack, book says
(DBN)

GOP congressman says McCarthy's taped comments pose a 'huge trust issue'
(DBN)

Trump refuses to define 'woman' to Piers Morgan: 'I'm not going to respond to the question'
(DBN)

Democrats approach a midterm message but struggle to deliver it
(DBN)

Warren tries to 'light the fire of urgency' for Democrats
(DBN)

Why Joe Biden is losing young voters
(DBN)

Dem Pollster Issues Frantic Warning on Midterms
(DBN)

Nixon's message to McCarthy: The truth always comes out
(DBN)

Lauren Boebert pushes bill to stop airport security from implementing transgender-friendly screening procedures
(DBN)

Madison Cawthorn caught with gun at airport security Madison Cawthorn implicated in potential insider crypto scheme, experts say
(DBN)

Wisconsin's GOP-ordered election investigation will continue
(DBN)

New York's top court hears arguments over whether to toss new district lines
(DBN)

Biden's Harsh Dismissal of Kamala Harris During Negotiations Left GOP Senators 'Taken Aback': New Book
(DBN)

____________


Economy:

Wall Street Pundits Rewrite Playbook as Fed Reverses Years of QE
(DBN)

Warnings appear in household finances
(DBN)

Explaining the Fed's tolerance for high inflation
(DBN)

3 charts that explain why the US isn't on the brink of a recession
(DBN)

Lael Brainard Wins Senate Confirmation to Be Fed Vice Chair
(DBN)

Deutsche Bank Sees 5%-6% Fed Target Rate and Deep U.S. Recession First major Wall Street bank to forecast a recession now sees clear outside risk it could be `more severe'
(DBN)

U.S. Consumer Confidence Eases as Inflation Surges US consumers still confident in April, but slightly less so Inflation Concerns Fueling Low Economic Confidence in U.S.
(DBN)

Huntington Bancshares CEO Sees 'Resiliency' in Face of Inflation
(DBN)

Shanghai shutdowns worsening shortages
(DBN)

Solar Group Says U.S. Trade Probe Will Cut Domestic Installations in Half
(DBN)

Inflation Has Budget-Squeezed Americans Asking Family and Friends for Loans
(DBN)

Working women facing widespread burnout, report says
(DBN)

A soft landing is highly unlikely for global economy trying to fly without its main engine of growth
(DBN)

Meatpacking CEOs set to take heat from Congress amid soaring prices
(DBN)

German Minister Says Full Embargo on Russian Oil 'Manageable' Russia's biggest state-run oil producer failed to sell 37 millions barrels of crude as companies self-sanction amid war in Ukraine Kremlin says Gazprom working on implementing roubles-for-gas scheme The EU is considering price caps and tariffs on Russian oil imports to undercut the Kremlin's finances, report says Asian Buyers Trying to Back Out of Purchases of Russian Oil Grade Russia removed as host of 2023 worlds in men's ice hockey The FBI seized Prada shoes, sunglasses, and hiking boots during raids on 2 mansions linked to a sanctioned Russian oligarch, report says Gen. Mark Milley: If Russia gets away with war on Ukraine 'cost-free,' then 'so goes' international order Ukraine war to cause biggest price shock in 50 years - World Bank Canada Wants to Use Seized Russian Assets to Pay Ukraine Victims U.S. Seeks More Authority to Seize Russian Assets to Aid Ukraine Amid the war in Ukraine, PR firms defend Russian-tied clients Biden's Russia Sanctions Coordinator to Take Leave of Absence
(DBN)

World faces biggest energy shock since 1970s: World Bank
(DBN)

Manchin and Schumer Discuss New Tax Hike, Deficit Cut Proposal Manchin stirs the pot while other Dems try to resuscitate their party-line vision Manchin: Scaled-down bill should focus on inflation, debt reduction
(DBN)

'As clueless as we are': CEOs worry about economy's landmines
(DBN)

3M CEO Says Supply-Chain Woes Are Here for 'Foreseeable Future'
(DBN)

GE falls to 17-month low after earnings reveal inflation and supply-chain challenges are weighing on industrial giant's profit outlook
(DBN)

Comparing states with the highest and lowest personal debt and income levels
(DBN)

This Is America's Least Trusted Institution
(DBN)

Mapped: The World's Largest Economies, Sized by GDP (1970-2020)
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

Sales of New U.S. Homes Drop to Lowest in Four Months March New Home Sales: Little Completed Inventory, High Number of Homes Under Construction New Home Sales decrease to 763,000 Annual Rate in March
(DBN)

Lawler: More on Demographics
(DBN)

The latest on homeownership: race and region
(DBN)

Case-Shiller: National House Price Index increased 19.8% year-over-year in February Comments on February Case-Shiller and FHFA House Price Increases; New Record Monthly Increase U.S. Home-Price Appreciation Accelerates Once Again in 20 Cities
(DBN)

81% of Flood Insurance Policyholders Will See Rate Increases, Report Says
(DBN)

Housing shortage, soaring rents squeeze US college students
(DBN)

William Lobel Launches Company to Help Business and Real Estate Owners Avoid Bankruptcy
(DBN)

____________

Municipalities:

Puerto Rico teachers fail to overturn pension changes in debt plan
(DBN)

Puerto Rico Oversight Board rejects local government budget plans
(DBN)

Easy Muni Money Vanishes and Issuers Are Paying Up
(DBN)

Florida's Contractual Obligations to Bond Holders Block Repeal of Disney's Special Taxing District, Says Reedy Creek in New Statement Disney tells investors state can't dissolve special district without paying debt Why Disney holds the upper hand in Florida battle Happiest place on Earth? 5 things to know about the Disney and Florida battle
(DBN)

'Gradually, then Suddenly' opens Freep Film Fest with tragedy, triumph of Detroit bankruptcy Son of DSO's Leonard Slatkin composed score for new Detroit bankruptcy documentary
(DBN)

____________

Oil/Gas:

U.S. oil benchmark ends back above $100 a barrel as China moves to backstop economy Uncertainty Leaves Oil Prices Stuck At $100
(DBN)

Even $100 Oil Isn't Tempting Energy-Focused Private Equity Fund
(DBN)

New Texas Oil Boom is Finally Here
(DBN)

Why U.S. Oil Companies Aren't Riding to Europe's Rescue
(DBN)

US oil production grows, but Russia's war keeps gas prices high
(DBN)

GM will start tying executive compensation to electric vehicle targets
(DBN)

General Motors now has 140,000 reservations for its Chevrolet Silverado EV
(DBN)

Ford CEO says the automaker plans to challenge Tesla as global EV leader
(DBN)

U.S. Earmarks $504 Million to Back World's Largest Hydrogen Hub
(DBN)

This Country Is Most Dependent on Oil Trade
(DBN)

____________

Student Debt:

Biden looking at forgiving most fed student loan debt, says Hispanic Caucus Biden reportedly told lawmakers he's looking for ways to forgive most, or all, federal student debt
(DBN)

Student-loan borrowers in prison who fell behind on payments are getting more options to pay off their debt. It 'will provide second chances to build a future,' Biden's Education Department says
(DBN)

____________

Fraud:

Alleged 'mastermind' of bank-fraud case is sentenced to 14 months in prison
(DBN)

____________

Movie Theaters:

How Alamo Drafthouse Cinema fought back from bankruptcy
(DBN)

____________

Collectibles:

From CNN+ to Fyre Festival: This collector seeks swag from companies with epic ends
(DBN)

____________

Tech:

Musk's Free-Speech Twitter Dream Gets EU Warning, Via Twitter Elon Musk's Untaxed Wealth Is Helping to Finance His Twitter Buyout Elon Musk's $21 Billion Mystery: Where Will Tesla Ceo Get Cash For Twitter? Tesla's stock plunged $126 billion the day after Elon Musk struck a deal to buy Twitter Twitter fears sabotage by left-wing staff after Musk takeover Musk's 'free speech' push for Twitter: Repeating history? Funding obscured: The family office behind Musk's $44 bln Twitter buyout Can Musk deliver on his vision for Twitter? Questions remain Republicans predict Elon Musk will unleash 'free speech' on Twitter while Democrats panic over misinformation Twitter becomes more expensive for Elon Musk Five things to watch as Elon Musk acquires Twitter Even Elon Musk doesn't know what he means by free speech Musk's Twitter Plans a Can of Worms Elon Musk's Twitter deal revives calls for wealth tax and warnings against billionaire power to 'warp' policy
(DBN)

Elon Musk will owe Twitter $1 billion if he can't secure financing
(DBN)

Twitter M&A Bankers Could Split Up to $130 Million in Deal Fees
(DBN)

Facebook Doesn't Know What It Does With Your Data, Or Where It Goes: Leaked Document
(DBN)

Tech Giants Duped Into Giving Up Data Used to Sexually Extort Minors
(DBN)

____________

Healthcare:

CDC says majority of Americans have had COVID-19
(DBN)

BA.2 subvariants dominate cases in New York, rising across country
(DBN)

A Former Wall Street Banker Led the Fight to Bring Down the U.S. Mask Mandate
(DBN)

Global fight against Covid hitting a snag
(DBN)

WHO Warns About the Dangers of Health Misinformation as Musk Takes Over Twitter
(DBN)

Republicans Have Stopped Trying to Kill Obamacare. Here's What They're Planning Instead.
(DBN)

Oklahoma GOP Chairman: Put Anthony Fauci 'in front of a firing squad'
(DBN)

____________

 


New Bankruptcy Opinions
(7 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 (3 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)

Mass Torts:

InfoWars touts Alex Jones' parents in defense of small biz bankruptcy
(DBN)

Alex Jones's Lawyers 'Splain To Bankruptcy Judge That Putting The Kibosh On State Tort Claims Is His Real Job
(DBN)

Sandy Hook Families Ask Judge to Scrap Infowars Bankruptcy Case
(DBN)

Alex Jones Attorney Took Break From Embarrassing Himself In Court To Do Racist Amateur Stand-Up
(DBN)

Walgreens, drugmakers blame others for San Francisco's opioid crisis
(DBN)

Congress Has to Ask How Much McKinsey Hurt the F.D.A.
(DBN)

____________

Mediation:

Mediators: Reject A Binary Equation — "Either This Or That" (In re City of Detroit)
(DBN)

____________

Bankruptcy Crimes:

Glen Allen man pleads guilty to $400,000 bankruptcy fraud scheme
(DBN)

____________

Aviation:

JetBlue Shares Tumble After Airline Slashes 2022 Growth Plans
(DBN)

Delta to begin paying flight attendants during boarding
(DBN)

FAA calls meeting with airlines to discuss wave of Florida flight disruptions
(DBN)

____________

Education:

Teacher Salaries Dropped to Lowest in a Decade During Pandemic
(DBN)

If you can buy a university for $1, you'll likely get what you pay for
(DBN)

Florida man asks schools to ban Bible following the state's efforts to remove books
(DBN)

Texas county facing federal lawsuit over banned books
(DBN)

Armed Officers Around Middle Schoolers? Yes! Math Books? Not So Much.
(DBN)

'You Like It Right There': Florida Teacher Arrested and Fired After Video Appears to Show Her Hitting Middle Schooler with Broken Broomstick
(DBN)

____________

Trucking:

Illinois trucking company files for bankruptcy after nuclear verdict
(DBN)

____________

History:

After more than 75 years, Jewish World War II service members killed in action and buried under crosses are getting proper headstones
(DBN)

____________

Religion:

Abuse survivors fire back at Rochester diocese
(DBN)

Judge: Church bankruptcy estate is 'melting ice' as abuse survivors await payment
(DBN)

Celebration Church hit 'brink of insolvency,' says report claiming fraud by founder Weems
(DBN)

____________

Climate:

Citi Investors Reject Climate Proposal as Activists Gather at HQ
(DBN)

Climate change could sweep 4% of global GDP by 2050: Study
(DBN)

Texas Republicans Bear Down on Wall Street Over Its Embrace of Climate Policies
(DBN)

Manchin signals he's willing to abandon Biden's economic agenda if he strikes a climate deal with the GOP 'Last chance': Greens push climate compromise with Manchin
(DBN)

Biden reverses Trump standard on incandescent lightbulbs
(DBN)

____________

Sovereigns:

Argentina's $44 Billion Debt Plan Remains Unchanged Despite Shocks, IMF Says
(DBN)

Sri Lanka Granted $600 Million of Aid From World Bank Amid Economic Crisis Sri Lankans Lose Faith in Leadership as Economy Spirals
(DBN)

____________

UK:

Banks Face Losses as They Finalize Latest Sale of Morrison Debt
(DBN)

Smile Telecoms – Second Restructuring Plan Sanctioned
(DBN)

Brexit Rules Caused Major Shock to Trade
(DBN)

Katie Price selling pictures of her feet on OnlyFans for £2
(DBN)

____________

EU:

Russia Halted Gas Supplies to Poland, Onet.pl Reports Europe Gas Jumps as Much as 17% as Poland Prepares for Flow Halt
(DBN)

____________

Canada:

Ontario Court of Appeal affirms annulment of discharge from bankruptcy
(DBN)

Alternate dispute resolution mechanisms becoming more of a feature in insolvency cases: report
(DBN)

____________

Russia:

Russia Considers Suspending Regional Elections Amid War, Sanctions
(DBN)

Putin gets what he didn't want: Ukraine army closer to West Nearly three-fourths of Americans support US helping supply weapons to Ukraine: poll Russia pounds eastern Ukraine as West promises Kyiv new arms 'Constantly depressing': Ukrainian town watches war close in France's victorious Macron boosts weapons, stakes in Ukraine Russia targeting Western weapons shipments in Ukraine as Donbas assault begins Tensions surge after breakaway Moldovan region reports attacks China urges 'restraint' after Russia's foreign minister raises prospect of nuclear war About 15,000 Russian troops killed in 1st 60 days of Ukraine invasion, U.K. estimates Russia threatens to attack Kyiv should Ukraine launch strikes on facilities in Russia Russia's "victory" in Mariupol turns city's dreams to rubble Shrinking U.S. Stinger missile supply faces re-stocking challenges Russian invaders disguising mass grave in Manhush, says Mariupol City Council Ukraine says Russian rockets flew over Europe's biggest nuclear power plant The mom of a captured Ukrainian says Russian-speaking kidnappers sent her a ransom video and threatened to execute her son if she didn't pay Poland confirms T-72 tank delivery to Ukraine, with Challenger 2 tanks to fill gap UK says it backs Ukraine's right to attack Russian territory as Kremlin claims NATO is fighting a proxy war Russia Left Swaths of Ukraine Seeded With Mines, Aid Group Says Putin Ally: Ukraine Will be Divided
(DBN)

Russia Seems to be Attacking Moldova
(DBN)

Russia to Cut Gas to Poland and Bulgaria in Major Escalation Russia cuts off 2 EU nations from its gas in war escalation
(DBN)

Rand Paul and Blinken spar over Putin invading countries that 'were part of Russia'
(DBN)

Nuclear chief: Russia's Chernobyl seizure risked accident
(DBN)

US diplomats travel back to Ukraine for first time since start of Russia-Ukraine conflict
(DBN)

Reports: Sweden and Finland agree to apply for NATO membership at the same time
(DBN)

Putin breaks out the Kremlin's ridiculously long table to meet with the head of the UN Putin defends Ukraine invasion in meeting with UN chief
(DBN)

'She's seen the war': What awaits Biden's Ukraine ambassador pick
(DBN)

____________

China:

First Letter Of Request From Hong Kong To Shanghai For Recognition And Assistance In Cross-Border Insolvency.
(DBN)

Xi Turns to Construction Spending as Lockdowns Hit China Economy
(DBN)

Beijing enforces lockdowns, expands COVID-19 mass testing Chinese police build Covid CAGES around homes Anger Erupts at Xi's 'Big White' Army of Lockdown Enforcers Shanghai residents are getting diarrhea and stomach pains after eating food rations handed out by officials, reports say Beijing residents clear out supermarket shelves amid fears that the capital city will soon face Shanghai-style food shortages in a lockdown
(DBN)

China Is Running Out of Ways to Stem Self-Made Market Meltdown
(DBN)

Chinese developer bonds skew as offshore creditors lose most
(DBN)

____________

Japan:

Japanese household that accidentally received $360,000 COVID subsidy says it 'can't be returned'
(DBN)

____________

Australia:

Electronic service of bankruptcy notices – through the looking glass
(DBN)

____________

India:

Guarantees, LoCs to group companies will now have taut strings
(DBN)

Realty Check: Just 4% IBC cases resolved
(DBN)

___________


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