April 29, 2022

The Daily Bankruptcy News

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Law:

BigLaw 'Super Rich' club expands; one firm had $8.4M in profits per equity partner
(DBN)

Salary Wars Still Going Strong: This Firm Is Officially Sharing The Wealth With Associates
(DBN)

The New Biglaw Hotness: Firms With Not 1 But 2 Billion Dollars In Revenue
(DBN)

Reed Smith deepens bankruptcy, creditors' rights and litigation bench with addition of two partners in New York
(DBN)

Regional Firms Seek Mergers to 'Stay Relevant' as Big Law Swarms
(DBN)

Firm cuts pay by 20% for homeworkers
(DBN)

Quinn Emanuel Representing Ukraine Against Russia
(DBN)

If you pass the bar on first attempt and want to be a lawyer, you're likely to get hired, 2021 grads say
(DBN)

One-time jailhouse lawyer creates legal jobs program for the formerly incarcerated
(DBN)

Unexpected Law School Stands Among Members Of T14 For Best Bar Exam Pass Rates
(DBN)

Harvard Law's Ron DeSantis Flunks Disney's Contract Issue Spotter
(DBN)

Many Regulators Have Traded In Outdated Rules On Law Firm Trade Names – Yet Most Lawyers Don't Realize It
(DBN)

A Brain Not Even A Zombie Could Love
(DBN)

What Keeps Attorneys Up At Night?
(DBN)

Hiring Professionals is Changing: Culture Wars and the Battle for Talent
(DBN)

Lawyers split over their firms' gender identity policies
(DBN)

Anti-Semitic Speaker At Georgetown? Let's See Who's At The Bottom Of This. Black People!
(DBN)

Despite 12 negative COVID-19 tests, Perkins Coie partner is stuck in 37-day hotel quarantine in China
(DBN)

Bonkers Law Firm Website: Walk of Fame
(DBN)

Former Manhattan prosecutor blasts Trump and Barr in new book
(DBN)

Informant in federal probe into Trump Deutsche Bank relationship found dead A year after disappearing, federal informant in Trump probe found dead at L.A. high school
(DBN)

Feds seek $3M from Paul Manafort over failing to disclose offshore accounts
(DBN)

"Hang Mike Pence" Rioters Took Orders from Above House Capitol riot probe sets 8 days of public hearings to begin in June Jan. 6 Committee Discovers Linear Time, Asks Court To Expedite Mark Meadows Case Before GOP Shuts This Whole Thing Down Oath Keepers Member Jailed in Seditious Conspiracy Case Accused of Obstructing Justice in Recorded Jailhouse Calls New York Man Who Suffered Mental Health-Related Injury After Joining Jan. 6 Mob Sentenced to Probation Texas Man Who Breached Capitol After Traveling to D.C. with Parents and Siblings Pleads Guilty Capitol Police sergeant says he's reliving Jan. 6 riots as tourists return
(DBN)

Oklahoma passes Texas-style 6-week abortion ban
(DBN)

Former U.S. ambassador accused of illegal foreign lobbying
(DBN)

Survivors unite to deliver message on Holocaust remembrance
(DBN)

Men on motorcycle rob 6 women in 90 minutes in NYC
(DBN)

Mayorkas fields onslaught of GOP attacks over border Biden admin struggles to calm the Democratic storm over immigration
(DBN)

Most Americans want to see changes in elections, new ABA civics survey finds
(DBN)

Johnny Depp's Security Guard Testifies That Amber Heard Called 'Defecation' in His Bed a 'Horrible Practical Joke Gone Wrong'  Heard Paid Less Than Half of Pledged Donation to the ACLU, Whose Lawyers Helped Write Op-Ed at Center of Johnny Depp Case: Testimony The latest on Johnny Depp vs. Amber Heard
(DBN)

British Virgin Islands premier arrested on US drug charges
(DBN)

______________

Judges:

How is 'amicus' pronounced? Justice Breyer and Judge Jackson disagree with each other and the majority view
(DBN)

Bill toughening financial disclosure for federal judges heads to Biden's desk
(DBN)

Chief Justice Roberts Not Writing Abortion Opinion In Case You Still Had Any Delusions About How Bad This Will Be
(DBN)

SCOTUS Rules 6-3 Against Deaf and Blind Woman Seeking Damages for Disability Discrimination; Dissenting Breyer Says Ruling Leaves Victims 'No Remedy at All'
(DBN)

Supreme Court raises stakes with review of death row inmate's DNA request
(DBN)

______________

Wall Street:

Stock futures fall as Amazon and Apple retreat after earnings
(DBN)

______________

Layoffs:

Netflix Staffers Voice Fears of Cut Backs Netflix lays off 'Tudum' writers following disastrous Q1 earnings
(DBN)

Ford announces job cuts impacting 580 workers
(DBN)

Flagstar Bank reduces its mortgage staff by 20%
(DBN)

______________

Food/Beverage:

Price increases help McDonald's beat profit estimates
(DBN)

Hershey raises annual profit forecast on higher prices, robust demand
(DBN)

____________

Tech:

What Musk's free-speech Twitter could unleash Twitter reports increase in users for latest quarter Tesla stock slide puts Musk's Twitter deal in jeopardy Tesla's stock could fall much further Elon Musk's criticism of Twitter staff sparks backlash Elon Musk sold around $4 billion worth of Tesla shares as he moved to buy Twitter Elon Musk buying Twitter could stress SpaceX fundraising Elon Musk is Beloved by Texas GOP
(DBN)

Attention economy slowdown
(DBN)

Once Wall Street's stars, Big Tech falls back to Earth
(DBN)

Apple shares dip after company warning of a possible $8 billion hit from supply constraints
(DBN)

____________

Autos:

Hertz Faces New False-Arrest Claims for Cars Reported as Stolen
(DBN)

Hertz CEO says rebounding business travel could tighten an already-constrained used car market
(DBN)

____________

Climate:

Tropical forest losses emitted as much CO2 emissions as India in 2021
(DBN)

The World's Future with Climate Change
(DBN)

CEO: Naive to Think We'll Stop Big Oil Quickly
(DBN)

GOP-led states ask Supreme Court to block key Biden climate accounting measure
(DBN)

Global forest loss kept rising in 2021
(DBN)

Mining Giant Glencore Is Losing Support for Its Climate Plan
(DBN)

Buffeted by weather, a historic Black town strives to endure
(DBN)

Lake Mead plummets to unprecedented low, exposing original 1971 water intake valve
(DBN)

____________

Utilities:

Megadrought Threatens California Power Blackouts This Summer
(DBN)

____________

Crypto:

Is Crypto just one big Ponzi scheme?
(DBN)

Edward Snowden Revealed As Key Participant In Mysterious Ceremony Creating $2 Billion Anonymous Cryptocurrency
(DBN)

____________

Telecoms:

Thousands Of Hawaiians Could Lose Phone And Internet Service Amid Bankruptcy Dispute
(DBN)

____________

Cannabis:

Pachulski Stang Ziehl & Jones LLP Formalizes Cannabis Restructuring Group, Led by Jason Rosell
(DBN)

____________

Mass Torts:

Opioid victims' families seek support for CT's Purdue Pharma settlement
(DBN)

Appeals Court to Consider Paving Way for Purdue Pharma Deal
(DBN)

____________

Healthcare:

Eagle Senior Living sees 'significant debt relief' in restructuring plan
(DBN)

COVID cases rise across bulk of the U.S.
(DBN)

A timeline of Fauci's predictions about the COVID pandemic Fauci Walks Back Out of Pandemic Comment
(DBN)

Nation hears mixed messages on pandemic
(DBN)

Hospitals press for more federal aid as fortunes turn
(DBN)

UN: Measles cases surge 79% after pandemic disruptions The Uneven Progress in the Fight Against Measles
(DBN)

Probe finds Medicare Advantage plans deny needed care to tens of thousands Medicare Advantage debate rekindled by report on coverage denials
(DBN)

Cathie Wood-Bet Teladoc Slumps 44% on Cost, Sales Warnings
(DBN)

Increased infectious disease risk likely from climate change Climate change could spark animal-to-human pandemics
(DBN)

Reports of Kids' Mysterious Liver Ailment Expand in USA
(DBN)

Transmittable Diseases Causing the Biggest Health Burdens
(DBN)

____________


Economy:

Omicron, trade weigh on US economy in first qtr; GDP declines at 1.4% rate Economy contracts for first time since 2020 in first quarter as GDP fell 1.4% Economy shrinks for first time in nearly two years BEA: Real GDP decreased at 1.4% Annualized Rate in Q1 US GDP falls in first quarter as surging imports knock down growth US economy shrinks, threats loom, but growth likely to last U.S. economy shrank by 1.4 percent in Q1 but consumers kept spending A Few Comments on Q1 GDP and Investment
(DBN)

Bad economic vibes are having a moment
(DBN)

Yellen Defends Biden's Stimulus in Face of Inflation Criticism
(DBN)

Yellen says more shocks likely to challenge economy
(DBN)

U.S. Treasury's Yellen Calls for Better Automatic Stabilizers to Fight Recessions
(DBN)

Weekly Initial Unemployment Claims Decrease to 180,000
(DBN)

The cost of Zoom
(DBN)

Biden Hears 'Stagflation' Cry, Answers With 'Technical Factors'
(DBN)

Trojan Condom Maker Cautions About Potential Recession Risk
(DBN)

Gasoline Price Gouging Targeted in Bill Backed by Top Democrats
(DBN)

Mastercard Sees Spending Soar as Covid Restrictions Fall Away
(DBN)

White House unveils plan to sell Russian oligarchs' houses and yachts to help Ukraine Biden Seeks New Authority to Sanction Wealthy Allies of Putin Companies Sell Their Businesses In Russia Top Polish Clothier LPP Starts Talks to Sell Russian Operations Several European traders have started to pay for Russian gas in roubles - sources Europe Sees Ambiguity in EU's Advice on Russian Gas Demands Europe Starts Splintering in Its Response to Russia's Gas Threat Putin natgas cutoff shakes up Europe at little cost to Kremlin Is the Russia-Europe energy bind about to unravel? Germany says it's ready to stop buying Russian oil, paving the way for the EU to impose a full embargo Europe Struggles to Keep United Front Against Russia Gas Threat These top European energy companies are set to pay for Russian gas in rubles to meet Putin's demands despite EU warnings: report Austria Says European Commission Approved Russia Gas Payments Flood of Discounted LNG Stretches Europe's Gas Terminals Russia has made $66 billion from fuel exports since it invaded Ukraine - and the EU is still its biggest buyer, study finds Gazprom's 2021 Annual Earnings Hit Record on Gas Price Rally Binance Blocks Accounts Tied to Relatives of Kremlin Officials US tries to seize yacht in Fiji. But which oligarch owns it? A sanctioned steel mogul's $100 million superyacht is heading towards the Suez Canal but will likely travel to Turkey, report says
(DBN)

Senate group to start immigration talks Thursday
(DBN)

Upper Echelons of Global Finance Still Very Much a Man's World
(DBN)

In NYC, ads for jobs will have to say what they pay NYC Poised to Delay Salary Disclosure to November After Business Pushback
(DBN)

California Expects Record $68 Billion Surplus After Tax Surge
(DBN)

Countries With the Worst Work-Life Balance The Countries With the Best Work-Life Balance
(DBN)

Manchin's moves leave Democrats doubting their agenda will pass
(DBN)

The Economy is Great. The Middle Class is Mad
(DBN)

Welcome to the virtual staff retreat
(DBN)

Texas Has Lost $4 Billion from Border Disruptions
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

MBA: Median Mortgage Application Payment Up 5.0% in March compared to February
(DBN)

U.S. Mortgage Rates Hover at the Highest Level Since 2010
(DBN)

Homebuyers face mortgage cliff
(DBN)

First-time homebuyers sidelined by higher mortgage rates
(DBN)

NMHC: April Apartment Market Survey shows Tighter Conditions
(DBN)

Pimco's Kiesel, Who Called Housing Top and Bottom, Says It's Time to Sell
(DBN)

'This decision is heartless': Two Republican governors turned down federal rental aid, angering affordable-housing advocates. So what's going on?
(DBN)

____________

Municipalities:

Resolution of Puerto Rico bankruptcy in final stretch
(DBN)

FirstBank CEO: 'It's Puerto Rico's time to achieve economic growth'
(DBN)

Disney tells investors that Florida is out of line Disney strikes back and says Florida is responsible for its $2B bond debt after Gov. DeSantis stripped it of 55-year-old special status DeSantis's office denies Disney move will up Floridians' taxes Is Disney's Reedy Creek a Real City?
(DBN)

Documentary on Detroit bankruptcy fosters discussions 8 years after events Kevyn Orr speaks at premiere of documentary - "Gradually, Then Suddenly: The Bankruptcy of Detroit"
(DBN)

____________

Oil/Gas:

Hess Puts Unit in Bankruptcy to Untangle Asbestos Claims
(DBN)

Valeura Energy buys Thai oil assets from bankrupt KrisEnergy
(DBN)

Oil prices fluctuate in the face of supply and demand concerns
(DBN)

Why are Gasoline Prices So High?
(DBN)

Rising Food And Fuel Prices Could Cripple Global Economic Growth
(DBN)

To cut gas costs, Democrats to focus on oil company 'price gouging'
(DBN)

The Permian Basin Oil Field Is Running Out of Workers, Materials—and Cash
(WSJ)

Biggest U.S. Gas Driller Eyes Investing in Exports as War in Ukraine Roils Supply
(DBN)

Top autos CEO warns of battery supply scarcity as EV competition heats up
(DBN)

____________

Student Debt:

Biden 'taking a hard look' at some student debt forgiveness
(DBN)

Biden Eyes Student-Loan Forgiveness, Spurns $50,000 Schumer Plan
(DBN)

Three Things The Country Needs To Do About Student Loans
(DBN)

28,000 student-loan borrowers just got $238 million in debt wiped out after being 'misled about the quality of their programs,' Biden's Education Secretary says
(DBN)

____________

Tourism:

Las Vegas March 2022: Visitor Traffic Down 10% Compared to 2019
(DBN)

____________

Education:

Georgia Law: Can't Talk Race in Schools
(DBN)

____________

Non-Profits:

Why Did BLM Buy a $6 Million Home?
(DBN)

____________

Labor:

Bernie Sanders Wants Democrats to Make Unions Their Biggest Message
(DBN)

____________

Politics:

GOP channels Trump anger in primary battles
(DBN)

A quick recap of the audio leaks hitting Kevin McCarthy Here are the GOP lawmakers targeted by McCarthy in new audio recordings
(DBN)

Manchin-Murkowski meeting could be the start of a bipartisan energy bargain
(DBN)

Manchin says he never seriously considered joining Senate GOP caucus
(DBN)

Dismal polls have Dems split over how hard to push Biden agenda
(DBN)

Trump said he'd be in White House instead of Mar-a-Lago if it weren't for McConnell: book
(DBN)

McConnell overestimated number of GOP senators who'd vote to convict Trump: book
(DBN)

George Will points to Hawley while arguing senators should be barred from presidency
(DBN)

Birx book: First meeting with Trump lasted 30 seconds before he flipped on Fox News
(DBN)

'Ask me nicely': Trump demanded loyalty from governors for help, says book
(DBN)

Tennessee lawmaker on books he objects to: 'I would burn them'
(DBN)

Kyrsten Sinema Boasts of Charming Her GOP Colleagues With 'Cleavage,' Book Claims
(DBN)

It's Trump vs. Cruz in Ohio and Pa. Senate races
(DBN)

Democrat admits 'unparliamentary language' after criticism of Greene
(DBN)

Deposition Transcript Reveals Trump Fear Of Flying Fruit
(DBN)

Millionaire candidates pour cash into Ohio, Pa. Senate races
(DBN)

House Republicans attempt to force vote on transgender sports bill
(DBN)

Ferndale in Northern California is a popular tourist town that's split into two Americas
(DBN)

Kansas legislators uphold governor's veto of trans athlete ban
(DBN)

'Egg on our face': New York redistricting mess spooks House Dems
(DBN)

____________

 


New Bankruptcy Opinions
(10 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Adversary Proceeding Filings (4 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)

Subchapter V:

Infowars Bankruptcy Strategy Spotlights Subchapter V
(DBN)

____________

SCOTUS:

Precedential Value Of 1885 Supreme Court Opinion On Bankruptcy Discharge Issue? (Bartenwerfer v. Buckly)
(DBN)

____________

Miscellaneous:

April 2022 - Recent Developments in Bankruptcy Law Update
(DBN)

____________

Advisors:

Lazard profit beats estimates on robust financial advisory revenue Deals at Historic High Despite Recession Risk, Lazard CEO Says
(DBN)

McKinsey helped 'turbocharge' opioid sales while working for US regulators, House committee says
(DBN)

____________

Bankruptcy Rules:

Advisory Committee on Bankruptcy Rules; Meeting of the Judicial Conference
(DBN)

____________

Aviation:

Southwest Airlines predicts solid annual profit as travel rebounds Southwest Air Says Pop in Business Travel to Help Fuel 2022 Profit
(DBN)

Democrats ask TSA to crack down on guns after Cawthorn incident
(DBN)

Wizz Air Extends Halt to Ukraine, Russia Flights Through October
(DBN)

Russia May Need Half Its Planes for Spare Parts, Kommersant Reports
(DBN)

EasyJet Exits Leases on Russia-Owned Jets in Sanctions Turnabout
(DBN)

____________

Tax:

Most Americans Can File Their Taxes for Free, But Only 3% Do
(DBN)

____________

Religion:

Catholicism Withering in Latin America
(DBN)

Conservative Catholic group calls Greene a 'disgrace' over comments about church
(DBN)

____________

Fraud:

Ex-NBA Player and 18 Others Indicted for Elaborate Scheme to Allegedly Defraud $5 Million from League's Health Care Plan
(DBN)

____________

Celebs:

Boris Becker could be jailed as he faces bankruptcy sentencing Advantage, Becker? Tennis ace Boris Becker wears Wimbledon tie as he sets off for fraud sentencing which could see him jailed for up to seven years 'What the heck's gone wrong with him?' Anne Diamond baffled by Boris Becker bankruptcy
(DBN)

____________

Sovereigns:

War in Ukraine Pushes Public Debt Ratios to 20-Year High in Africa
(DBN)

A Tournament of Lawyers: Who Should Sri Lanka Hire to Manage its Debt Restructuring? Sri Lanka central bank says all creditors will be treated equally Complex web of creditors, politics threatens Sri Lanka restructuring Workers strike to pressure Sri Lankan President Gotabaya Rajapaksa to step down Sri Lankan president 'agrees to replace brother as prime minister'
(DBN)

S.Africa offers to co-chair Zambia creditor committee on French request
(DBN)

G20 debt relief talks should take three months, says IMF Africa head
(DBN)

____________

UK:

English company insolvencies hit 10-year high as COVID support fades
(DBN)

Number of firms in critical financial distress rises sharply
(DBN)

Number of people going insolvent in England and Wales jumps 17%
(DBN)

How Should UK Officeholders Deal with Notices Where the Rules Require Information that is Irrelevant?
(DBN)

Accessing a bankrupt's pension in a case of fraud
(DBN)

____________

EU:

EU employment rate above pre-COVID levels in 2021 - Eurostat
(DBN)

Euro zone inflation hits record high for the sixth month in a row
(DBN)

More of Europe's crude supply is coming from deep in the heart of Texas
(DBN)

____________

Canada:

Norton Rose Fulbright appoints Bankruptcy Partner Luc Morin as new Montréal Managing Partner
(DBN)

Priority of Lien Claims in a Post-Redwater World
(DBN)

____________

Germany:

Energy Prices Bump German Inflation To Four-decade High German inflation rises slightly more than expected in April
(DBN)

Germany Is Preparing in Case Russia Halts Gas Supply, Says Scholz
(DBN)

____________

Russia:

Biden sends Congress $33 billion request for Ukraine aid Biden goes all-in on Ukraine with massive cash infusion Biden Seeks $33 Billion More for Ukraine, Girding for Longer War NATO: Ukraine War Could Last for Years White House's $33B Ukraine aid bid already tangled up in Congress U.S. push for Ukraine "win" raises the stakes for Russia Here are the 10 Republicans who voted 'no' on the Ukraine lend-lease bill U.S. says credible reports indicate Russians executed surrendering Ukrainians Microsoft: Russia has conducted hundreds of cyberattacks against Ukraine A chilling Russian cyber aim in Ukraine: Digital dossiers UK: Despite 'embarrassing losses,' Russian fleet can still strike Ukrainian targets Ukraine's Forces Get Boost From Arsenal of Old-Fashioned Artillery Kyiv Still Unsafe as Russia Continues War on Ukraine, Mayor Says East Ukraine under heavy fire in advance of Russian holiday Fears Are Mounting That Ukraine War Will Spill Across Borders Could there be war between Russia and the West? Strategists lay out the risks Lawmakers fret over dwindling Javelin supply Zelensky: Russian missile strike on Kyiv speaks to Moscow's efforts 'to humiliate the UN' Ukrainian soldier says Elon Musk's Starlink satellites 'changed the war in Ukraine's favor' as they're helping troops stay online amid Russian strikes Explosions rock Kyiv again as Russians rain fire on Ukraine A 22-year-old US Marine veteran was killed after being hired to fight for Ukraine, reports say U.S. accuses Russia of planning to shut down Ukrainian democracy
(DBN)

Brennan: Putin will threaten West after collapse of Ukraine invasion plan
(DBN)

How Russia is framing the war: Critical race theory, organ harvesting and Nazis
(DBN

Occupied Ukrainian city fears sham Russian referendum plans
(DBN)

Swedish PM rejects referendum on possible NATO membership
(DBN)

____________

Brazil:

Brazil Household Debt Hits All-Time High as Interest Rate Soars
(DBN)

____________

Ireland:

Former tycoon Sean Quinn 'refuses to accept blame for his downfall', claims new book
(DBN)

____________

China:

U.S. Views of China Worsen as Xi Maintains Ties With Russia
(DBN)

Beijing orders schools closed in tightening of virus rules
(DBN)

Shanghai Ship Jam Spells Supply Chain Trouble
(DBN)

China is set to stick to Covid controls; luxury mall in Beijing temporarily closes
(DBN)

Biden team split on China tariffs
(DBN)

____________

MENA:

Israeli PM's family receives death threat and bullet in mail
(DBN)

Israel halts for Holocaust day, honors 6 million Jews killed Nearly half of Israelis fear second Holocaust coming
(DBN)

____________

Mexico:

Mexican moms searching for their missing children increasingly in danger
(DBN)

____________

Cayman Islands:

Restructuring The Offshore Debt Of Chinese Real Estate Developers.
(DBN)

____________

Bermuda:

Defining Digital Assets In Insolvency Proceedings.
(DBN)

____________

South Korea:

Four out of 10 bankrupt Koreans in 2021 are 60 years old or older
(DBN)

____________

Hong Kong:

Do Trustees in Bankruptcy Owe an Implied Duty Towards a Major Creditor?
(DBN)

____________


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