April 28, 2022

The Daily Bankruptcy News

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Law:

Big Takeaways From The Am Law 100 Profits Per Equity Partner Ranking
(DBN)

Harvard Commits $100M To Begin Addressing The Whole 'Major Benefiter From Enslavement' Thing
(DBN)

Big Law's Brass Ring Remains Elusive, Even as Firms Rake in Cash
(DBN)

Big Law Model Tested in $32 Million Dentons Malpractice Case
(DBN)

Former GOP Lawmaker Quits Jan. 6 Panel for Ukraine Nonprofit Job • New Jersey Man Charged with Assaulting Police Officer Caught in Doorway Crush on Jan. 6 Sues DOJ Over 'Mistreatment' in D.C. Jail • A Missouri Member of the Proud Boys Used a Chair to Stop a Capitol Gate from Lowering on Jan. 6. He Just Pleaded Guilty.
(DBN)

Marjorie Taylor Greene's Challengers Ask Judge to Consider 'Marshall Law' Message to Mark Meadows Undermining 'Already Dubious' Testimony • U.S. Representative Greene gave 'dubious' court testimony, voters allege
(DBN)

Mike Lindell And Alan Dershowitz Team Up For Election LOLsuit To Ban All Voting Machines
(DBN)

Grand jury investigating Donald Trump for criminal conduct will come to an end: Sources
(DBN)

Man Long Suspected in Prominent Texas Attorney's Horrific Burning Death Now Faces Capital Murder Case
(DBN)

Trump appeals NY judge's contempt ruling • Trump challenges $10,000-a-day fine and NY judge's contempt ruling
(DBN)

Michael Cohen Says Not Only Do Subpoenaed Trump Documents Exist, But He Already Turned Them Over
(DBN)

Trump's Spokeswoman Calls For Arrests Over 2020 Election at QAnon Rally
(DBN)

January 6 committee wants to hear from McCarthy after new audio of warning to GOP lawmakers
(DBN)

Derek Chauvin Appeals Conviction in George Floyd's Murder, Alleges Misconduct and Bias
(DBN)

Minneapolis Officers Found to Engage in Racist Policing
(DBN)

Police union backs officer in Patrick Lyoya killing
(DBN)

Attorney objects to own question in Amber Heard-Johnny Depp trial • Officers: No Injuries on Amber Heard After Fight With Johnny Depp • Shrink: Amber Heard is Kind of Nuts
(DBN)

'None of His Arguments Hold Water': Elon Musk Loses Claim That His Consent Decree with the SEC Violates His First Amendment Rights
(DBN)

Republican lawmakers slam Homeland Security secretary over the border • Title 42, the Trump-era border policy dividing Democrats, explained • Mayorkas seeks to go on offense over border at testy hearing
(DBN)

Greg Abbott's Wasteful Imaginary Border War
(DBN)

7 Times Texas Leaders Lied About the Border
(DBN)

Prosecutor decides 82 days in jail for illegal voter registration 'is sufficient;' BLM activist won't be retried
(DBN)

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Judges:

House sends bill requiring online publication of judges' financial disclosures to Biden • Requirement for federal judges to disclose big stock trades sent to Biden's desk
(DBN)

Breyer hears last U.S. Supreme Court argument, with a tribute from Roberts • Justice Breyer's Final Oral Argument
(DBN)

6th Circuit tells judge he can't reject plea bargains for 'extraneous policy considerations'
(DBN)

Congress Looks at SCOTUS Ethics
(DBN)

Federal court officials can be sued for alleged failure to protect public defender from sex bias, 4th Circuit rules
(DBN)

Attorney's Sex Harassment Lawsuit Against Federal Judiciary Officials Allowed To Move Forward
(DBN)

Are criticisms during SCOTUS confirmation hearings a disservice to viewers?
(DBN)

Trump Judges May Openly Deploy Hate Speech, But Ketanji Brown Jackson Cited The Federalist Papers. So… WHO CAN CAST STONES?
(DBN)

Supreme Court Debates Limits of Ruling for Tribes in Oklahoma
(DBN)

Judge orders man accused of defacing gay pride mural to write essay on Pulse nightclub shooting
(DBN)

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Wall Street:

Nasdaq futures jump 2% as market attempts comeback from April sell-off
(DBN)

Stocks end mixed after another wobbly day on Wall Street
(DBN)

Mom and Pop Investors Took a Billion-Dollar Bath Trading Options During the Pandemic
(DBN)

Stock Rout Is Fed's 'Best-Case Scenario' as Powell-Put Era Ends
(DBN)

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Layoffs:

Black Diamond runs into rocky terrain, trims 30% of workforce
(DBN)

Ford cuts 580 U.S. salaried and contract employees as it restructures to focus on EVs
(DBN)

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Childcare:

Child-Care Workers Are Quitting the Industry for Good in the U.S.
(DBN)

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Tech:

Twitter Legal Executive Hit With Online Abuse Following Musk Tweet • Elon Musk Already Breached The Twitter Takeover Agreement? With His Stellar Record Of Following The Rules? • Elon Musk Thinks Social Media Isn't Rocket Science • Tesla Loses $126 Billion in Value Amid Musk Twitter Deal Funding Concern • Elon Musk's 'free speech' takeover part of new corporate activism wave • Twitter abuse victims fear Musk's plans, but may not quit • Elon Musk's two big goals for Twitter are totally at odds • Musk Tweets He'll Buy Coca-Cola Next
(DBN)

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Climate:

U.S. Lawmakers Push Insurers to Stop Underwriting Fossil Fuels
(DBN)

President Biden's Climate Ambitions Are All But Dead
(DBN)

Wall Street Fund Giants to Show Their Cards on Climate
(DBN)

Manchin's climate state of mind
(DBN)

SoCal's biggest water supplier to limit outdoor irrigation to one day per week starting June 1
(DBN)

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Celebs:

How Erika Girardi's Earrings Became Evidence in Her Husband's Bankruptcy Case
(DBN)

Boris Becker's final farewell before learning his fate
(DBN)

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Autos:

Ford lost $3.1 billion in the first quarter.
(DBN)

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Cannabis:

The Company Which Phil Ivey Is Accusing of Investing in Cannabis Has Filed for Bankruptcy
(DBN)

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Food/Beverage:

McDonald's revenue tops estimates, fueled by price hikes and overseas same-store sales growth
(DBN)

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Education:

Morris Brown College regains accreditation after 20 years
(DBN)

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Rail:

Defunct, contested Adirondack rail line gets new owner
(DBN)

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Healthcare:

Bankrupt Gulf Coast Health Care Plans to Increase Payment to Junior Creditors
(DBN)

Hit with $7,146 for two hospital bills, a family sought health care in Mexico
(DBN)

Reports of Kids' Mysterious Liver Ailment Expand in U.S.
(DBN)

America is 'out of the pandemic phase': Fauci confirms Covid-19 infections are 'at a low level' but people should still get 'intermittently' vaccinated • Coronavirus tally: Fauci clarifies that acute phase of pandemic is over in the U.S. -- but not the pandemic itself Fauci: US in 'a different moment' but pandemic not over • Fauci says he'll think about 'moving on' when pandemic is 'stable,' mum on Birx claim of resignation pact • Fauci drops out of White House Correspondents Dinner over COVID concerns
(DBN)

Officials watch and wonder as the hottest U.S. coronavirus hot spot swells to two dozen counties.
(DBN)

CDC and FDA 'altered' Covid guidance and even 'suppressed' findings while under political pressure, bombshell report suggests: Whistle-blower employees say they feared 'retaliation' if they spoke up
(DBN)

Another rare virus puzzle: They got sick, got treated, got covid again
(DBN)

CDC study highlights speed with which omicron variant infected Americans, and WHO warns testing is still crucial
(DBN)

Teladoc stock plunges more than 30% after earnings outlook slashed, massive impairment charge
(DBN)

Denmark becomes the first country to halt its Covid vaccination program
(DBN)

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Economy:

GDP Likely to Show 'Misleading' U.S. Weakness as Fed Plots Path
(DBN)

'Great Resignation' sees more companies offer equity to staff
(DBN)

The Growing Threat of a Global Recession
(DBN)

Fewer Americans Are in the Middle Class
(DBN)

American families need to earn $35.80 an hour just to make ends meet. Few earn that.
(DBN)

A 6% Fed Funds Rate? That May Be the Mother of All Shocks
(DBN)

An Amazon employee got an 11% raise as part of a companywide pay hike, but says it's not enough: 'It's just not worth it to stay here any more'
(DBN)

Ukraine's Zelenskiy Says Indonesia Invited Him to G-20 Summit
(DBN)

The U.S.'s goal of weakening Russia comes with risks • Russia Says Its Oil Output May Drop as Much as 17% This Year • Britain Can End Russian Gas Imports Sooner Than Thought • Europe is closing in on Russian oil sanctions, but looks set to stop short of a full-blown ban. Here are 3 charts to explain why. • Germany Says It's Taking Russian Threat of Gas Halt Seriously • Germany top buyer of Russian energy since war • Germany Ready to Support EU Ban on Russian Oil If It's Gradual • Germany Says It's Meeting Now With EU Partners on Gas Supplies • Russia Is Using Gas Deliveries as a 'Weapon,' Bulgaria Says • Austria says Russian gas still flowing as it scrambles for alternatives • EU Pledges Coordinated Response To Russian Gas "Blackmail" • EU Warns Russian Gas Buyers That Ruble Payments Breach Sanctions • Four European gas buyers have paid Russia in rubles for supplies, bucking the EU's urging in the energy face-off • EU Pledges Coordinated Response To Russian Gas "Blackmail" • Poland says countries paying for Russian gas in roubles should be penalised • The EU warns natural-gas companies not to pay Russia in rubles after the country cut supplies to Poland and Bulgaria • Four Buyers In Europe Have Paid In Rubles For Russia's Gas • Eni Prepares to Open Ruble Accounts for Gas as EU Warns Firms • Europe Loads Up on More North Sea Crude to Replace Russian Oil • Why Poland Isn't Panicking After Russia Shut Off the Flow of Gas • Russia to Cut Gas to Poland, Bulgaria Until Pay Demands Met • German Utility Giant Says It Can Buy Russian Gas Without Busting Sanctions • Germany Signals It Will Stop Russian-Controlled Oil Refinery • Russia's Lukoil Makes Debt Payment After Sanctioned Founder Exit • Renault May Hand Over Lada Maker to Russian State for a Ruble • Swiss implement further EU sanctions against Russia, Belarus • EU Weighs Cutting Tariffs, Quotas on Ukraine Goods to Aid Economy • Russia Rejects German Gas Payment From Seized Trading Unit • DJI is halting all shipments to Russia and Ukraine to slow weaponization of drones • A Ukrainian oligarch and former Kremlin ally says Putin is 'never going to come out victorious' • The economic war against Russia is getting hot • UN tourism body suspends Russia's membership, Moscow says it quits • Four Republicans, four Democrats vote 'no' on bill urging Biden to confiscate assets from sanctioned oligarchs
(DBN)

How is the war in Ukraine affecting global trade and international supply chains? • The Ukraine conflict has triggered the biggest commodities price shock in nearly 50 years and the impact on food and energy is set to last until 2024, the World Bank says
(DBN)

China, Russia, five others make US property rights blacklist
(DBN)

Tax Break That Lured Tesla and Samsung to Texas Is Set to Expire
(DBN)

U.S. Goods-Trade Gap Soars to Record, Surpassing All Estimates
(DBN)

Pelosi and Schumer Discuss Legislative Moves to Cut Gasoline Prices and Tackle Inflation
(DBN)

'Someone is taking too many edibles' — Despair mounts over Biden's domestic agenda
(DBN)

Big Meat CEOs Face Congress as Democrats Tag Inflation Villains • Meatpacking CEOs deny anti-competitive accusations during grilling on Capitol Hill
(DBN)

Florida is the least affordable place to live in the U.S.
(DBN)

Ideas on mute? Study: Remote meetings dampen brainstorming
(DBN)

In NYC, ads for jobs will have to say what they pay
(DBN)

Which States Lost Population in 2021
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

U.S. Mortgage Applications Slide to Lowest Since 2018 • MBA: Mortgage Applications Decrease in Latest Weekly Survey
(DBN)

U.S. Pending Homes Sales Decline on Rising Rates, High Prices • NAR: Pending Home Sales Decreased 1.2% in March
(DBN)

Real House Prices, Price-to-Rent Ratio and Price-to-Median Income in February; Worst "Affordability" since Housing Bubble
(DBN)

HVS: Q1 2022 Homeownership and Vacancy Rates
(DBN)

U.S. Homebuilders Urge Biden to Help Cut Costs for Market in 'Extreme Duress'
(DBN)

Is the US housing market headed for a price correction?
(DBN)

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Municipalities:

Disney government in dark about effect of law dissolving it • Walt Disney World's Special District Suggests It's Weighing Potential Challenge To Florida Law Dissolving It • Disney Says Florida Can't Actually Dissolve Its Special Tax District Unless Debts Are Paid Off
(DBN)

2022 Freep Film Festival kicks off with premiere of Detroit bankruptcy documentary
(DBN)

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Oil/Gas:

Oil Exporters Bagging $818 Billion Windfall Are Cautioned by IMF
(DBN)

Democrats say they will act soon to lower gas prices
(DBN)

High Oil And Gas Prices Provide Trillions Of Dollars In Tax
(DBN)

Global oil demand will peak within 5 years as more people buy electric vehicles, new report finds
(DBN)

US Oil Refiners Set for a Blow Out Year
(DBN)

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Religion:

Abuse survivors and Catholic Diocese of Rochester face off in bankruptcy court
(DBN)

Marjorie Taylor Greene tells far-right Catholics their church is ruled by Satan
(DBN)

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Entertainment:

U.S. Households Are No Longer Adding More Streaming Services
(DBN)

Netflix's Big Wake-Up Call: The Power Clash Behind the Crash
(DBN)

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Student Debt:

Biden Is Considering 'Significant' Student Loan Debt Cancellation, Say Lawmakers • Schumer says Biden is getting closer to canceling up to $50k in student debt: Talks 'have been very fruitful'
(DBN)

Young people want student debt relief. But not all want it totally canceled, poll finds
(DBN)

Government repayment program failures 'really inexcusable,' top official says
(DBN)

Republicans Are Panicking Over the Prospect of Biden Forgiving Student Debt • GOP lawmakers want to block Biden from canceling student debt and extending the payment pause 'in perpetuity' • Thune, GOP senators push bill to ban Biden from canceling student debt, as president mulls 'executive action'
(DBN)

There's a fairer way to cancel college debt
(DBN)

Mitt Romney lambasts Biden for considering broad student-loan forgiveness and calls it a 'bribe' for voters
(DBN)

Scott Jennings: Why canceling student loan Debt would be a mistake for President Biden
(DBN)

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Subscription Boxes:

This Socially Conscious Subscription Box Company Has Suddenly–And Silently–Shut Down
(DBN)

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Movie Theaters:

MoviePass Co-Founder Stacy Spikes Is Trying to Stage a Comeback–and Save Movie Theaters in the Process
(DBN)

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Politics:

Trump Administration's Covid-Aid Loan to Trucking Company Scrutinized in Probe
(DBN)

Tampa billboard greets travelers with anti-gay slogan
(DBN)

Boeing CEO Bemoans Trump's Air Force One Deal After Big Charge
(DBN)

Disney Targeted by QAnon Conspirators Using Meme-Stock Approach • Ron DeSantis' fight with Disney helped him break fundraising records
(DBN)

House Republicans give McCarthy standing ovation, brush off tapes
(DBN)

Budowsky: Why a Biden comeback may be coming
(DBN)

Dems offer reality check on Manchin, Build Back Better
(DBN)

Message to woke corporate America: Butt out of politics
(DBN)

New York's Top Court Invalidates Democratic-Backed Congressional Map
(DBN)

Hundreds of House districts are being redrawn. Here's who's winning and losing.
(DBN)

Poll: Herschel Walker dominates Georgia GOP Senate race
(DBN)

The Trump administration approved a $700 million pandemic loan earmarked for national security to a trucking company despite DOD objections, new report says
(DBN)

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New Bankruptcy Opinions
(6 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (12 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (8 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)

Deadlines:

The Critical Nature of Bankruptcy Dates and Deadlines
(DBN)

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Mass Torts:

Newtown families ask judge to dismiss Alex Jones' 'bad faith' bankruptcies as they await defamation damages
(DBN)

Shocker: Sandy Hook Plaintiffs Say Alex Jones May Not Have Been Entirely Truthful In Infowars Bankruptcy Filing
(DBN)

Facing Judgment, Alex Jones Pleads for Help From the 'Deep State'
(DBN)

How Sandy Hook lies and the Jan. 6 inquiry threaten to undo Alex Jones
(DBN)

Lawmakers scrutinize McKinsey's opioid, FDA consulting work • Lawmakers Dismiss McKinsey's Apology on Opioid Crisis as 'Empty' • McKinsey denies illegally hiding work for opioid-maker Purdue Pharma while advising FDA
(DBN)

Third-Party Releases, Forum Shopping and The Texas Two-Step: An update in the continuing battle between Bankruptcy and The Tort System
(DBN)

Johnson & Johnson shareholders called on to end talc baby powder sales
(DBN)

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Venue:

How a White Plains judge became a favorite refuge for NYC developers
(DBN)

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Professional Compensation:

Cash-Strapped Chapter 7 Debtors Get Lift in New Ruling Over Fees
(DBN)

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Subordination:

Delaware Bankruptcy Court Decision Highlights Potential Defenses to Equitable Subordination Claim
(DBN)

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Aviation:

Boeing CEO says company shouldn't have agreed to Trump's Air Force One deal
(DBN)

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Fraud:

Archegos founder Hwang pleads not guilty to fraud, racketeering charges • Archegos stock manipulation scheme was 'historic,' U.S. attorney says •
(DBN)

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Sovereigns:

A Powerful Dynasty Bankrupted Sri Lanka in Just 30 Months • 'As the current situation in Sri Lanka, the country is facing bankruptcy and financial collapse due to the family that controls the nation' - US Congressman • Sri Lanka trade unions strike asking president to resign • A political reckoning in Sri Lanka as debt crisis grows
(DBN)

Standoff with Lebanon banks could derail IMF deal, minister says
(DBN)

VP-elect denies that Costa Rica is bankrupt
(DBN)

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UK:

Brexit Explains 80% of U.K. Inflation, Former BOE Official Says
(DBN)

Johnson Warns N. Ireland Brexit Deal Needs Buy-In From All Sides
(DBN)

U.K. Retailers Had Poor April as Cost of Living Crisis Deepened
(DBN)

U.K.'s Sunak Says He'd Consider Windfall Tax on Energy Firms
(DBN)

Britain broke the law by moving hospital patients to nursing homes early in the pandemic, a court rules.
(DBN)

Rishi's £25M 'Fraud Squad' to catch Covid criminals: Under-fire Chancellor launches crack team to claw back £4.9 billion of bounce back loans squandered on luxuries or smuggled out of the UK in suitcases
(DBN)

Katie Price 'selling snaps of her feet to fans for £2.50' ahead of bankruptcy hearing
(DBN)

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EU:

How Russia's Gas Ban Rips Through the Core of European Industry
(DBN)

EU Embraces New Pandemic Phase Where Every Case Won't Be Counted
(DBN)

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Russia:

Vladimir Putin warns he will use nukes against West in 'lightning fast' strike if anyone interferes in Ukraine • Russia cuts off gas to 2 NATO nations in bid to divide West • Amid talk of World War III, diplomacy is losing steam • Ukraine warns that Russia is planning to form a breakaway government in Kherson • Biden Swaps Prisoner With Russia in Surprise Sign of Cooperation • After Russia Releases Trevor Reed, Americans Ask Where Is Brittney Griner • U.S. Sharing More Intelligence With Ukraine for Fight in Donbas • German Tank Offer to Ukraine Risks Failing Over Bullet Shortage • Zelensky: Russia trying to destabilize situation in breakaway Moldovan region of Transdniestria • Mystery fires at sensitive facilities compound Russia's war challenge • Russia reports blasts in south that Ukraine calls payback for invasion • Trained Russian Navy Dolphins are Protecting Black Sea Naval Base, Satellite Photos Show • Russia's 'champion looter' sends almost 500 kg of stolen goods home to his wife: report • The Kremlin Keeps Trying to Call Volodymyr Zelenskyy a Drug Addict • 'Red light blinking': Safety warning at Europe's largest nuclear plant held by Russian troops • They Flooded Their Own Village, and Kept the Russians at Bay • Russian forces pummel Ukrainian fighters holed up in Mariupol steel plant - mayoral aide • Ukrainians say they have no regrets after intentionally flooding their village to stop Russian tanks from reaching Kyiv • Russian-controlled region of Ukraine will start using rouble, official says • US fed Ukraine intel on Russian plans that helped it move artillery from strikes and shoot down a Russian plane, report says • Secretary of Defense Austin on how he believes the war in Ukraine will evolve • Austin says he 'does not' believe Russian invasion will end in nuclear war • Former CIA Director Warns Of Putin's Next Move In Ukraine • Germany is sending 50 tanks to Ukraine to fight Russia and will train Ukrainian troops on German soil • Moscow threatens to hit Kyiv with long-range missiles if it attacks Russian soil • Why neither Russia nor Ukraine wants to discuss the mystery explosions at strategic Russian facilities • Russia warns Britain for provoking Ukraine to hit Russian targets • Russia's presence in Ukraine could become 'cancerous growth,' says UK defence secretary • Russia says it hit U.S., European weapons in missile strike in Ukraine
(DBN)

The Bizarre Russian Prophet Rumored to Have Putin's Ear
(DBN)

Data shows tighter convergence of Chinese, Russian messaging, US analysts say
(DBN)

Most in US fear Ukraine war misinformation: AP-NORC poll
(DBN)

NATO chief says Finland, Sweden could join quickly
(DBN)

Ukrainian farmers don bulletproof vests to plough frontline fields
(DBN)

United Nations General Assembly will subject any Security Council veto to debate
(DBN)

Microsoft uncovers extensive Russian cyber operations in Ukraine
(DBN)

Belarus eyes wider death penalty use after anti-war railway sabotage
(DBN)

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Italy:

Italy Readies $6.3 Billion Aid Package Amid Russian Gas Standoff
(DBN)

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China:

China Cabinet Vows Stronger Policy to Boost Jobs as Covid Rages
(DBN)

Sinopec's Profit Recovery Faces Threat from Covid Spread
(DBN)

China's Covid Lockdown Outrage Tests Limits of Triumphant Propaganda
(DBN)

Yuan Losses Have Room to Run as Covid Puts Economy Under Siege
(DBN)

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Germany:

Germany Slashes Growth Forecast on Spillover From Ukraine War
(DBN)

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Malaysia:

Malaysia Scraps Covid Tests for Travelers, Outdoor Mask Mandate
(DBN)

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Brazil:

Exit Financing
(DBN)

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Japan:

Can Japan keep the lights on? The Ukraine war upends a big energy bet
(DBN)

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MENA:

Iran's attempts to kill Pompeo, current U.S. officials are real and ongoing, Blinken says
(DBN)

Nearly half of Israelis fear a second Holocaust is coming - poll
(DBN)

Russia's war is threatening the Middle East's food security — sparking warnings of riots and famine
(DBN)

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