April 6, 2022

The Daily Bankruptcy News

View prior editions: Click Here
View prior case summaries: Click Here
Search prior headlines: Click Here
Search prior case summaries: Click Here

Format For Mobile Device



Law:

After Matching Milbank Months Ago, Biglaw Firm Finally Gets Around To Offering Cravath Cash To Associates
(DBN)

Gibson Dunn On Wrong End Of $854K Sanctions Motion
(DBN)

Supreme Court won't hear challenges to mandatory state bars
(DBN)

Law firm plots $50 mln lawsuit against Girardi 'criminal enterprise'
(DBN)

Simpson Thacher Tops M&A Law Firms as Dealmakers Eye Headwinds
(DBN)

Big Law Attorneys Share Why Mentoring Matters
(DBN)

Lawyers could carry guns in court if Kentucky governor signs bill
(DBN)

'We need to sometimes decompress;' lawyer sees lesson in his high-profile partner's gunshot death
(DBN)

You Know What's Better Than Being A Lawyer? Starring In Bridgerton
(DBN)

Honey, He Masked The Kids!
(DBN)

Biden's Granddaughter, A D.C. Biglaw Associate, To Marry T14 Law School Grad At White House
(DBN)

Ivanka Trump testifies before Jan. 6 committee • Proud Boys Leader Enrique Tarrio Pleads Not Guilty to Jan. 6 Conspiracy Charges Linked to Oath Keepers Militia Group • Trial opens for police officer charged with storming Capitol • Pickup Artist Who Stormed Capitol Scores Long-Term Relationship With Prison • U.S. House expected to back contempt charges against former Trump aides • Jan. 6 Rioter with Guns Gets 3.5 Years
(DBN)

Court Disbars Jan. 6 Defense Attorney
(DBN)

John Durham Claims Michael Sussmann Lied to the FBI in Writing, Wants Text Messages Entered into Evidence
(DBN)

Could prosecutors convince a jury that Trump knew he lost in 2020?
(DBN)

Black Lives Matter Secretly Bought a $6 Million House - Allies and critics alike have questioned where the organization's money has gone
(DBN)

Oklahoma House approves bill to make abortion illegal • Oklahoma House Passes Near-Total Abortion Ban With Threat of Prison for Providers
(DBN)

Restrictions Vs. Protections: How States Are Taking Sides on Abortion
(DBN)

Anti-Abortion Activist Tries to Explain Just How She Wound Up With 5 Fetuses in Her Fridge
(DBN)

Red states consider Florida-style 'Don't Say Gay' bills
(DBN)

People living with handgun owners face twice the risk of homicide, study says
(DBN)

DC: Mayor Bowser wants 30% women police force by 2030
(DBN)

Prosecutors in this city are 'leaving in droves;' what's to blame?
(DBN)

Texas Border Mission Needs Another $500M
(DBN)

2nd man arrested on gun charges in Sacramento mass shooting • Brothers arrested in Sacramento mass shooting
(DBN)

Trump aide seeking NH House seat voted in 2 states in 2016
(DBN)

Parkland, Florida, school shooter's jury selection begins
(DBN)

NYC law department staffer fired after confronting mayor on toddler mask mandate
(DBN)

'Please Don't Let Her Die; I Can't Be Alone': Police Release Heartbreaking 911 Call of Ohio Girl Who Reported that Her Dad Shot Mom and Himself
(DBN)

State Seeks Death Penalty For Lawyer Who Dated Client, Allegedly Helped Him Plan Murder
(DBN)

The FBI is spending millions on social media tracking software
(DBN)

U.S.-German operation shuts down world's largest darknet marketplace • Germany seizes $25 million in bitcoin as it shuts down a Russian-language darknet marketplace for illegal drugs
(DBN)

Florida lawyer gets emergency suspension after she is accused of driving her car into 4 people
(DBN)

______________

Judges:

Are Judges Randomly Assigned to Chapter 11 Bankruptcies? Not According to Hedge Funds
(DBN)

Roadways to the Federal Bench: Who Me? A Bankruptcy or Magistrate Judge?
(DBN)

Trump Moves To DQ Judge For Crime Of Being Clinton Appointee In Garbage Barge RICO Suit
(DBN)

'Read the Opinion': In Speech at Reagan Library, Justice Amy Coney Barrett Says Supreme Court Is Not Trying to 'Impose a Policy Result' • 'Read The Opinion' Urges Supreme Court Justice Constantly Ruling Without Written Opinions
(DBN)

Inside the little-known company run by the wife of Supreme Court Justice Thomas • Klobuchar claims Ginni Thomas advocated 'for an insurrection'
(DBN)

Dan Rather: Treatment of Jackson by GOP senators 'beyond shameful' • Nomination of Judge Ketanji Brown Jackson moves to Senate with some GOP support • Schumer tees up Jackson's nomination • An Update On Ketanji Brown Jackson's Confirmation
(DBN)

McConnell: Biden must move to center to get future Supreme Court pick through a GOP majority
(DBN)

With divisive Supreme Court rulings coming, Barrett says: 'Read the opinion'
(DBN)

______________

Wall Street:

Stock futures fall for a second day as rates jump with the Fed set to tighten policy aggressively
(DBN)

Dow loses 200 points, Nasdaq drops 2% as investors fear Fed rate hikes will slow the economy
(DBN)

There's no shortage of aspiring Goldman bankers as record 236,000 students apply for internships
(DBN)

______________

Layoffs:

Facing mass layoffs, the Senate's cafeteria workers are asking the lawmakers they serve to come to their aid
(DBN)

Bluebird bio to slash 30% of workforce as part of restructuring
(DBN)

Judges unsure if COVID is 'natural disaster' under layoff notice law
(DBN)

______________

Climate:

Climate scientists' message to the financial world: dig deeper
(DBN)

White House climate adviser: "We can no longer wait" to cut emissions
(DBN)

The story of climate change right now in 9 charts
(DBN)

Wind energy needs dramatic increase to hit net-zero goals, new report says
(DBN)

Gallup finds worries about environment have grown since Trump
(DBN)

Manchin criticizes SEC's climate risk disclosure proposal
(DBN)

UN report warns unless action is taken quickly, planet will be uninhabitable
(DBN)

____________

Education:

Kids struggling with speech delays, writing and social skills since the pandemic
(DBN)

Teachers who mention sexuality are 'grooming' kids, conservatives say
(DBN)

____________

Corporate Governance:

Court Strikes Down California Board Diversity Statute
(DBN)

____________

Politics:

Vulnerable Democrats brace for border surge
(DBN)

Washington Post calls for media 'reckoning' on 'accurate and relevant' Hunter Biden stories
(DBN)

A Democratic lawmaker bought 31 different stocks — including shares of defense contractor Raytheon — the day Russia invaded Ukraine. His office blamed a 'miscommunication' with financial advisors.
(DBN)

Biden to nominate first woman to lead a military service
(DBN)

How election conspiracy theories turned local politics 'toxic' in one Wisconsin city
(DBN)

Florida Republican pledges to make gender transition-related medical care for minors felony child abuse
(DBN)

GOP Rep. Upton, who voted to impeach Trump, will not seek reelection
(DBN)

Senate GOP campaign arm raises $43 million in Q1
(DBN)

____________


Economy:

ISM® Services Index Increased to 58.3% in March • U.S. services sector regains momentum; inflation clouds outlook • U.S. service sector regains speed in March; high input prices persist - ISM survey
(DBN)

Economist: Retirement for Most is Financial Suicide
(DBN)

Jamie Dimon says the Fed will raise rates much more than markets currently expect, if there's a strong recovery
(DBN)

Fed's Brainard sees balance sheet reduction soon and 'at a rapid pace' • Stocks fall, bond yields jump following Brainard comments
(DBN)

Fed's Mary Daly says high inflation 'is as harmful as not having a job'
(DBN)

Fed Minutes to Reveal Long-Awaited Details on Balance-Sheet Plan
(DBN)

The US economy is booming. So why are economists worrying about a recession?
(DBN)

Deutsche Bank Predicts U.S. Recession in '23 as Fed Boosts Rates
(DBN)

An item-by-item look at how much more expensive groceries are, due to inflation
(DBN)

Not earning enough? Many workers are unhappy with their pay
(DBN)

Key people from the Fed just spooked the markets — here's what they said
(DBN)

Congress should reassess the Fed's dual mandate and focus exclusively on inflation
(DBN)

What yield curve? Bond strategists see a flat line all year- Reuters poll
(DBN)

'Great Resignation' not that great after all, study says
(DBN)

US Struggles to Contain a Global Food Crisis
(DBN)

Trade Deficit Mostly Unchanged at $89.2 Billion in February
(DBN)

Ex-Google CEO Eric Schmidt: People should return to the office — here's why
(DBN)

Hybrid work for many is messy and exhausting
(DBN)

Here's what consumers plan to cut back on if prices continue to surge
(DBN)

Inflation fears force Americans to rethink financial choices
(DBN)

Elizabeth Warren's plan to break up Big Everything
(DBN)

EU proposes ban on Russian coal, working on oil sanctions •U.S. accuses Russian oligarch Vekselberg of bank fraud, money laundering as his yacht is seized • U.S. impedes Russia's debt payments as new sanctions package emerges • Russia says it received $3.6 billion less than it forecast from March oil and gas sales, suggesting the Ukraine war and Western sanctions hit exports • Ukraine tells EU to play rough with Russia on gas prices • U.S. suspends tax information exchange with Russian authorities • Russian auto boomtown grinds to halt • EU targets coal, vodka, vessels in new Russian sanctions sweep • Sanctioned Russian bank VTB pays bond coupons in roubles • Airbnb cancels reservations in Russia and Belarus • Russian banks need to be recapitalised as losses loom, VTB CEO says • U.S. set to impose fresh round of sanctions against Russia over Bucha • Ex-Oligarch Says Putin Sees War With the West Already Underway • U.S. imposes sanctions on Russian darknet market and crypto exchange • Russia's ruble actions are monetary theater of the absurd • Russian Art Worth €42 Million Seized in Finland Under Sanctions • Twitter Restricts Russian Accounts, Bars Prisoner-of-War Content • Russian Car Sales Collapse as War Leads to Supply, Price Shocks • Europe's Russia Coal Ban Foreshadows Higher Global Energy Prices
(DBN)

Yellen to Warn War Threatens 'Enormous Economic Repercussions'
(DBN)

The US will enter recession in the coming 3 years, insurers managing $13 trillion say: Goldman Sachs survey
(DBN)

Global Bonds Slump to a Discount for First Time Since 2008
(DBN)

NYC salary transparency law in question as businesses push back
(DBN)

World may be on cusp of new inflationary era, BIS central bank group says
(DBN)

Top US general: Potential for 'significant international conflict' is increasing
(DBN)

The Richest in 2022 • Forbes finds Trump's net worth up $600 million since leaving office • Wealth of Billionaires Fell to $12.7 Trillion
(DBN)

Labor shortages could be contributing to American workers testing positive for drugs at the highest rate in decades
(DBN)

Even Slack's CEO is still trying to figure out hybrid work
(DBN)

Sinema throws cold water on Build Back Better revival
(DBN)

Entrepreneurs Thrive in Pandemic That Was Supposed to Crush Them
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

What's next for the US housing bubble? Industry experts break down the bull and bear cases for home prices in the months ahead.
(DBN)

30-year fixed mortgage crosses 5%
(DBN)

Surging interest rates push mortgage demand down more than 40% from a year ago
(DBN)

Report: Home buyer demand shows signs of slowing
(DBN)

Lumber prices are flirting with a crucial level as mortgage rates jump above 5% for first time in years
(DBN)

The housing market is hot but certainly not 'unhinged'
(DBN)

A Dallas neighborhood that's being demolished for high-rise condos shows how the housing crisis is changing the face of American cities
(DBN)

Building near deadly Surfside condo collapse ordered evacuated
(DBN)

Austin real estate developer Nate Paul sued by law firm over unpaid legal fees
(DBN)

CMBS Delinquency Rate Continues to Fall in March 2022 – Another Big Gain for Hotel Loans
(DBN)

____________

Oil/Gas:

Oil steadies as coronavirus worries offset more Russia sanctions
(DBN)

Democrats find themselves on the defensive over gas prices
(DBN)

This Is How the Global Energy Crisis Ends
(DBN)

GM and Honda to develop affordable electric vehicles that cost less than $30,000
(DBN)

Saudi state oil producer set to raise prices amid Ukraine crisis
(DBN)

____________

Fraud:

U.S. charges fraud over bogus $13.8 billion Textron takeover bid • Fraudster Pitched Sham $14 Billion Takeover Bid of a Fortune 500 Company in New York Times Before Getting Caught: Feds
(DBN)

U.S. Fed bars six former bankers over COVID grant fraud
(DBN)

____________

Cruise Lines:

Carnival Corp. reports record week of bookings, shares rise
(DBN)

____________

Celebs:

Inside Mohamed Hadid's legal, financial troubles — is he actually broke?
(DBN)

____________

Trucking:

Young Truckers and Indentured Servitude
(DBN)

____________

Student Debt:

Biden administration expected to extend student loan pause this week • Biden expected to extend payment pause for student loan borrowers through August
(DBN)

GOP senator calls Biden student loan freeze extension 'an insult' to Americans who pay their debts
(DBN)

NAACP calls on President Biden to cancel student loans debts
(DBN)

____________

Autos:

CEO of rental giant Hertz vows to fix false theft reports
(DBN)

VW to scrap models and focus on premium market
(DBN)

____________

Ride Hailing:

SF cab drivers say pilot program that connects taxis to Uber could harm their industry
(DBN)

____________

 
New Bankruptcy Opinions
(4 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 (15 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:

Bankruptcy filings are creeping back up in early 2022
(DBN)

March Total Bankruptcy Filings Increase 34 Percent from Previous Month
(DBN)

BK AZ: Updated Filing Statistics
(DBN)

______________

Bankruptcy Reform:

Senate Bill Seeks Permanent Expansion of Eligibility for Small Business Chapter 11 Filing
(DBN)

____________

Swaps:

How to Handle Swap Agreements in Bankruptcy
(DBN)

____________

Negotiation:

Study Finding: Self-Centeredness Is A Barrier to Effective Negotiation
(DBN)

____________

Litigation:

Is The Pandemic Era A 'Watershed' For Litigation Finance?
(DBN)

____________

Aviation:

Hit by staff shortages, airlines and airports struggle with travel recovery
(DBN)

US airport security screening to become more gender-neutral
(DBN)

CDC lowers travel warnings for Canada, two dozen other destinations
(DBN)

____________

Mass Torts:

Walgreens goes to trial in Florida over opioid epidemic
(DBN)

EPA proposes "historic" plan to ban cancer-causing asbestos
(DBN)

Boy Scouts reject bid to stop sale of Killingworth camp to developers
(DBN)

____________

Labor:

Over 50 Amazon warehouses in U.S. contact union after New York vote • Amazon workers' union victory is turbocharging a new labor movement
(DBN)

Staff walk out over pay at Amazon France's eight logistics centres
(DBN)

As the workforce changes, employees want to be treated like customers
(DBN)

____________

Crypto:

Treasury Secretary Janet Yellen will deliver her first speech on crypto and call for a 'comprehensive policy framework'
(DBN)

____________

Healthcare:

Healthcare district needs $20M by July to buy California hospital
(DBN)

More contagious omicron BA.2 on track to displace other variants in U.S. in next two weeks
(DBN)

Why Nurses Are Raging and Quitting After the RaDonda Vaught Verdict
(DBN)

Over a quarter of 12-to-19-year-olds have prediabetes, research shows
(DBN)

American women more likely to die from preventable causes
(DBN)

White House COVID chief: "It's in our national interest" to vaccinate world
(DBN)

Why the Covid cult of ivermectin won't die
(DBN)

Title 42 dispute threatens to hold up $10 billion COVID relief package
(DBN)

Pfizer's $5 Billion Bill for Covid Pills to Take Big Bite from New Pandemic Funds
(DBN)

Experts eye a new game plan for COVID vaccines
(DBN)

CDC announces sweeping agency review
(DBN)

____________

Sovereigns:

U.S. won't let Russia pay its debt at American banks, forcing Moscow to default or drain money from its war machine • Here's how Russia has avoided defaulting on its debt. • Russia debt default prospect resurfaces as U.S. blocks bond payment • A 'nightmare' Russian debt default is now very likely after the US blocked payments, BlueBay strategist says • Explainer-Can Russia make payments on its sovereign debt? • Russia is back on the brink of a debt default after the US blocked its dollar payments. Here's what happens next • Russia default risk over the next 5 years soars to nearly 90% after US blocks bond payment • Russian state-owned companies edge closer to debt defaults as sovereign bonds near the brink • Russia Says Foreign Banks Rejected $649.2 Million Bond Payment
(DBN)

Sri Lanka President Revokes Emergency Order, Govt in Disarray as Economic Crisis Deepens
(DBN)

____________

UK:

Grant Thornton set to earn millions from Russian oligarch's bankruptcy proceedings
(DBN)

Rent Arbitration – A Useful or Useless Tool?
(DBN)

U.K. Covid Cases at Highest Level as Immunity Wanes, Study Finds
(DBN)

Women Make Up Just 15% of Top-Paid Staff in City of London Banks
(DBN)

____________

Canada:

OCA addresses fraudulent transfers under Bankruptcy and Insolvency Act
(DBN)

Caught between climate warnings and economic realities, Canada and the world face tough fossil fuel choices
(DBN)

____________

Russia:

Blinken accuses Russian forces of 'deliberate campaign' to commit atrocities against Ukrainian civilians • Zelensky accuses Russia of atrocities, says 'entire families' killed • New York Times' analysis of satellite images pokes holes in Russia's denials about civilian bodies found in Bucha • Ukraine activists say they ID'd 'Butcher of Bucha' commander leading 'genocide' • In Bucha, where Russian war crimes are suspected, civilians say they saw 'horrific things' • Russians 'killed entire families, adults and children and they tried to burn the bodies,' Zelenskyy told the U.N. Security Council • Zelensky says Russian soldiers 'cut tongues out of civilians' in Bucha massacre • In shattered Chernihiv, Russian siege leaves a city asking why • Mystery of Ukraine's 'Lady Death' sniper who became national hero battling Putin's troops – but keeps identity secret • José Andrés: Russia is "totally" using starvation as a weapon of war • NATO says Ukraine to decide on peace deal with Russia - within limits • Maps show the territory Ukraine has taken back after Russia's invasion • US to Give $100 Million in Military Aid to Ukraine
(DBN)

Former UK ambassador to Russia says Russians are shocked to learn their country has an 'inept' military
(DBN)

China, Ukraine FMs Discuss Peace on Call
(DBN)

Town by town, Ukrainian prosecutors build Russian war crimes cases • France opens war-crimes probes as more countries expel Russian diplomats • Why Proving War Crimes Is Difficult and Rare
(DBN)

Ukraine's president to tell UN Security Council about war • Zelenskyy criticizes U.N. for inaction, details atrocities in Ukraine • Zelensky tells UN "it's time to transform" its system • Zelensky calls for Russian expulsion from UN Security Council
(DBN)

Merkel said she stands by her 2008 decision to block Ukraine's NATO bid after Zelenskyy blamed her for war atrocities
(DBN)

Ukraine zoo boss says they will put all their animals down after Russian shelling
(DBN)

Wisconsin Mother with Russian Roots Murdered Her Little Boy After She Became 'Amped Up' over Ukraine War, Husband Alleges
(DBN)

____________

China:

China's cash-strapped Kaisa in strategic pact with state firms
(DBN)

COVID outbreak 'extremely grim' as Shanghai extends lockdown • 10,000 health workers sent to help control Shanghai outbreak • China's extreme COVID lockdowns cause widespread suffering • Shanghai Woman's 16-Hour Bus Ride Into Quarantine • China reports 20,000 daily Covid cases, most since start of pandemic
(DBN)

____________

Germany:

German Factory Orders Fall as Economy Faces Ukraine War Fallout
(DBN)

____________

MENA:

Afghans' Lives in Tailspin After Taliban's Return
(DBN)

Taliban Returns, Majority of Afghans Seek an Exit
(DBN)

___________


The Daily Bankruptcy News is primarily a curated news link gathering service.   Most of the headlines contained in the publication are a collection of links to stories posted on the Internet by various third party publications.  Such content is owned by third party sources, not The Daily Bankruptcy News, and in some cases, these links change or expire, which means you may not be able to view some news stories in prior editions of the Daily Bankruptcy News. The DBN subptption fee is not a fee for access to the content of the links, but is a charge for the considerable work involved in gathering, organizing and presenting the links. Use of this site and The Daily Bankruptcy News is subject to our Terms of Use. If you received The Daily Bankruptcy News via email (and you have a paid subscription account), to view a news story, click on the headline, and the story should open in your web browser. To view additional stories, click back to the email and click on additional headlines, which will cause new stories to open in your web browser.  You can view the most recent edition of The Daily Bankruptcy News on the web at BKInformation.com.

Advertising
Advertising is available in The Daily Bankruptcy News. Click here for details  Feel free to contact us with any questions.

Passwords/Subscriptions
Access to certain links in The Daily Bankruptcy News is available only to readers holding a paid service subscription. These links are currently marked with a "DBN" notation. The cost of a subscription is $69.00/year, payable annually.  Volume discounts are available for sites with multiple users. Click here to see a schedule of discounts. Complimentary subscriptions are available for full-time educational and governmental employees and for full time students. For information about discounts or educational/governmental subscriptions, contact us by clicking here. A separate password is required for each member of a firm wishing access to restricted links.

New readers can receive a free password good for 30 days by clicking here. 30-day passwords are not available to readers who have previously had a password, even if the password was associated with a different email address used by the reader. Refunds are not available after purchase.

Readers who wish to change their passwords should click here. Readers who have forgotten their password should click here.

Adding Your Email Address To The Distribution List
If you would like to start receiving The Daily Bankruptcy News by email each day, click here, and fill in the information requested. There is no charge to be placed on the distribution list to receive the headlines, although access to many of the links behind the headlines requires a paid subscription (see above, under Passwords). If, after adding your email address to the distribution list, you do not receive an email confirming the addition, please contact us by clicking here for help.

Removing Your Email Address From The Distribution List
If you already receive The Daily Bankruptcy News by email and you wish to remove your email address from the distribution list, click here and send the email that should appear. You do not need to type anything in the body of the email message. Note that the email asking for removal must be sent from the same email address which is on our distribution list. If you do not receive an email confirming deletion of your email address from the distribution list, contact us by clicking here for help.

If receive the publication forwarded from an older email address, you will need to contact us as described below for help removing that older address from our distribution list.

Press Releases/News Tips
Please send press releases and news tips to admin@bkinformation.com

Contact Us
The Daily Bankruptcy News is published each business day by BKINFORMATION.COM, L.L.C. You can phone or text us at 281-402-3957. You can email us at accounting@bkinformation.com (email inquiries are usually answered substantially more quickly than phone inquiries). Our mailing address is 935 Eldridge Road, No. 350, Sugar Land, Texas 77478.
Copyright 2022