April 7, 2022

The Daily Bankruptcy News

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Law:

Yup, Kirkland & Ellis Is Still Raking In Giant Piles Of Money
(DBN)

Biglaw Firm Raises Salaries Again, This Time To Match Cravath
(DBN)

ABA's new CLE policy appears to comply with state ban on diversity 'quotas,' Florida Bar says
(DBN)

Merrick Garland tests positive for COVID-19
(DBN)

No charges filed in no-knock warrant killing of Amir Locke
(DBN)

Lawyer Accused Of Running Her Car Into Pedestrians Suspended From Practice Of Law
(DBN)

Lawyers Can Make Mistakes When Business Is Slow
(DBN)

Ex-Trump officials urge Texas to declare border 'invasion'
(DBN)

As Title 42 winds down, aid groups prepare for shift at US border
(DBN)

Abbott to Bus Migrants to Washington DC
(DBN)

A Texas County Welcomed a Border Militia Last Fall. Now Some Officials Have Grown Weary of It.
(DBN)

Alex Jones appears for questioning in Sandy Hook lawsuit Alex Jones Goes on Rant About 'Cancel Culture' Outside Deposition, Claims 'Corporate Media' Won't Cover His Apologies to Victims' Families for Calling Sandy Hook Massacre a 'Hoax'
(DBN)

Oath Keepers' Lawyer Who Likened Vaccine Mandates to the Holocaust Has Been Disbarred in Virginia
(DBN)

The Oklahoma legislature's near-total ban on abortion, explained
(DBN)

The Man Behind the Texas Abortion Ban Now Has an Even More Radical Plan to Reshape American Law
(DBN)

Jury mulls entrapment in Whitmer kidnap plot case
(DBN)

Florida Man in Custody Fight Killed His Son, Then Himself During Visitation: Police
(DBN)

Vermont Jury Awards History-Making $5.25M To Victim Of Doctor/Sperm 'Donor'
(DBN)

Judge nixes Bannon's top defense against criminal charges for defying Jan. 6 committee Judge issues first outright acquittal of Jan. 6 riot defendant New Mexico Man Who Called Jan. 6 a 'Magical Day' Found Not Guilty of All Charges in First Capitol Breach Acquittal Oath Keepers' Lawyer Who Claimed Clients Were Security Guards At Jan. 6 Riot Gets Disbarred South Carolina Man Who Texted 'Wild. Tear Gas at Capitol' on Jan. 6 Before Breaching Building Sentenced to Probation and Home Detention
(DBN)

Boogaloo Boi Gets More Than Four Years in Prison After 'Blindly' Shooting 13 Rounds into Minneapolis Police Building During George Floyd Protest
(DBN)

Federal Jury Only Needed a Few Hours to Convict Sarah Lawrence Sex 'Cult' Leader of Sex Trafficking and Racketeering Crimes
(DBN)

2 Men and Enough Fentanyl to Kill 4.7 Million
(DBN)

Ex-Tesla attorney leveraged her contract expertise into a book and thriving LinkedIn community
(DBN)

______________

Judges:

Supreme Court reinstates Trump-era water rule, for now
(DBN)

Roberts Joins Criticism of Supreme Court 'Shadow Docket' Orders Five-justice majority restores Trump-era policy on water pollution, provoking more criticism of emergency docket
(DBN)

Democrats unveil bill to impose ethics, recusal standards on Supreme Court
(DBN)

Poll: Most want Clarence Thomas to recuse himself from 2020 election cases
(DBN)

DNC Chairman Jaime Harrison slams Tom Cotton as a 'little maggot-infested man' after the Republican senator suggested Ketanji Brown Jackson would defend Nazis
(DBN)

Hypotheticals Aren't Just For Cold Calls Anymore
(DBN)

3 GOP senators buck party to back Biden court pick
(DBN)

GOP moderates send message on Supreme Court
(DBN)

GOP sends Biden warning shot on future Supreme Court vacancies
(DBN)

Barrett, Sotomayor comment on judging (the aim isn't a policy result) and collegiality
(DBN)

Is Sonia Sotomayor A Secret Poker Star?
(DBN)

Judge dies at 61 after feds raid his home Judge Who Had His Home Raided By Federal Agents Dies By Suicide Judge Dies by Suicide Amid Tax Probe, Legal Woes for Close Friend Allegedly Tied to Organized Crime: Reports
(DBN)

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Wall Street:

Stock futures rise slightly following two-day Fed sell-off
(DBN)

Nasdaq sinks more than 2% as stocks end lower after Fed minutes Dow trims earlier losses, Nasdaq down 2% after Fed minutes outline plans to significantly shrink balance sheet
(DBN)

______________

Layoffs:

Aurora and Werner Enterprises are testing self-driving trucks in Texas
(DBN)

N.Y. State Courts to Fire 103 for Refusing Covid Vaccine Mandate
(DBN)

______________

Student Debt:

Biden extends payment pause on federal student loans until September 'Cancel student debt. All of it.' — Politicians react to Biden extending student loan payment pause As Biden extends student-loan pause, analysts predict another extension closer to November's midterm elections through August Biden to erase defaults for millions of federal student loan borrowers
(DBN)

How long can Biden pause student loan payments?
(DBN)

Durbin Calls on Dept. of Education to Improve Student Debt Bankruptcy Claims
(DBN)

____________

Autos:

Toyota cuts '22 U.S. new-car sales industry outlook on supply-chain issues
(DBN)

Ford's First Quarter Sales Fell 17%
(DBN)

____________

Fraud:

Wirecard investors target EY parent for 1.5 billion euros in compensation
(DBN)

Greensill Capital creditors in limbo a year after firm's collapse
(DBN)

Leader of campaign to fund Trump border wall to plead guilty to conspiracy, tax charges
(DBN)

____________

Sports:

Bills deal renews debate over public dollars for arenas
(DBN)

Axios-Ipsos poll: Partisan politics infiltrates baseball
(DBN)

____________

Celebs:

Why 50 Cent And These Other Musicians Went Bankrupt
(DBN)

Stepmother of Venus And Serena Williams Files For Bankruptcy to Save Florida Home
(DBN)

A Celebrity Botox Doctor Blew His Budget on an L.A. Megamansion. Now, He's Facing Bankruptcy.
(WSJ)

____________

Mass Torts:

Closing arguments begin in Boy Scouts bankruptcy case Boy Scouts Abuse Settlement Attacked for Preventing Future Lawsuits
(DBN)

A big American company is using bankruptcy to get the upper hand on cancer patients. Congress should ban the practice.
(DBN)

___________


Economy:

Federal Reserve officials to tighten policy "expeditiously" FOMC Minutes: Plans for Reducing the Size of the Balance Sheet Fed officials plan to shrink the balance sheet by $95 billion a month, meeting minutes indicate Dow falls as Fed gives plan to shrink balance sheet, considers bigger rate hikes 10-year yield rises to 3-year high as Fed plans a speedier policy tightening Fed lays out tentative plan to shrink balance sheet by $95 billion a month Fed likely to swing meat cleaver at balance sheet next month
(DBN)

Aggressive Fed balance sheet runoff could jolt flattened yield curve
(DBN)

Fed primed to jack up interest rates in 1/2-point steps if inflation stays high
(DBN)

Fed's Patrick Harker is 'acutely concerned' about inflation, sees 'deliberate' rate hikes Fed's Harker: "methodical" policy tightening designed to avert recession
(DBN)

Central bankers put inflation control front and center
(DBN)

Nobel economists were dead wrong on inflation: Don't expect an apology
(DBN)

Putin ally China rejects Russian oil despite steep discounts amid Western sanctions, report says Credit insurer in Russia reports record 99% risk of default in one year Oil major Shell to write off up to $5 billion in assets after exiting Russia U.S. sanctions Putin's adult children, bans all new investment in Russia Biden targets Putin's daughters, Russian banks in new wave of sanctions Putin's mysterious daughters hit by US sanctions, barring them from the American financial system How to seize a Russian oligarch's superyacht Yellen warns that war in Ukraine will have 'enormous' global economic impact U.S. charges Russian oligarch with Ukraine-related sanction violations An exiled oligarch says sanctions targeting Russia's economy and the country's elite won't persuade Putin to abandon Ukraine ambitions Yellen Says U.S. Won't Participate in G-20 Meetings With Russia Yellen faces bipartisan pressure to ramp up Russian sanctions after Bucha DOJ seized "millions of dollars" from Russian oligarch Senators close in on deal on Russia trade, oil ban Inflation in Russia hits 7-yr high, prices jump 10% in year-to-date Russia's new car sales slump 63% year on year in March Mocked as 'Rubble' by Biden, Russia's Ruble Comes Roaring Back Treasury's Yellen: Should not 'infer anything' from ruble's recovery The Kremlin no longer pays its debt in dollars through American banks A Putin Crony Enlisted a Former Fox News Director to Tap $10 M in Frozen Assets. It Ended Badly
(DBN)

A fertilizer shortage is driving up global food prices and scarcity
(DBN)

Small businesses in need of a loan find banks are stingy
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

Developers are flooding Arizona with homes even as historic Western drought intensifies
(DBN)

Massive home price appreciation set to slow as sellers return
(DBN)

Consumer Bankruptcy , Mortgage Default and Labor Supply
(DBN)

Inside the fight to make housing more affordable
(DBN)

Rents Still Increasing Sharply Year-over-year
(DBN)

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

____________

Municipalities:

Puerto Rico economic activity revised upward
(DBN)

Puerto Rico Plunged Into Darkness After Power Station Fire
(DBN)

____________

Oil/Gas:

Lawmakers press oil CEOs on high gas prices Oil companies say they're not gouging drivers, but Americans are bracing for higher gas prices, especially those who don't have the luxury of working from home
(DBN)

Lawmaker blasts Big Oil CEOs at hearing: 'You are ripping off the American people'
(DBN)

Oil Supply, Demand and Prices Become Clear
(DBN)

____________

Religion:

Archdiocese, abuse survivors given more time on payment plan
(DBN)

First pope, now US churches face boarding-school reckoning
(DBN)

____________

Climate:

Storms batter aging power grid as climate disasters spread
(DBN)

The Texas drought is the worst in years. Are we on the brink of widespread disaster?
(DBN)

____________

Food/Beverage:

Fruit snack company seeks bankruptcy protection
(DBN)

____________

Education:

This school district's finances were built on 'house of cards,' state official warns
(DBN)

____________

Hotels:

New Senior Lender for Brooklyn Hotel Gets Approval to Participate in Chapter 11 Process
(DBN)

____________

Marketing:

Some Creditors Miffed By Shurwest's 'Sham Bankruptcy' Plan
(DBN)

____________

Politics:

Dissatisfied With Their Party, Wealthy Republican Donors Form Secret Coalitions
(DBN)

Why Biden's confrontation of Putin has barely moved his low polling with Americans
(DBN)

Whistleblower who handed Hunter's abandoned laptop to congressmen and DailyMail.com reveals he has 450 gigabytes of deleted material
(DBN)

Mark Kelly's breaks with Biden pile up
(DBN)

'All over Hunter Biden': Republicans lay plans for their own investigation, despite the DOJ probe
(DBN)

Trump is furious about the slow, botched launch of his Truth Social platform, report says
(DBN)

Ban federal lawmakers and their family members from trading stocks, 37 former lawmakers tell Congress
(DBN)

Mini-COVID wave hits D.C. elite
(DBN)

Texas support for "Don't Say Gay" law may be sign of what's to come
(DBN)

Alabama lawmakers advance transgender bathroom bill
(DBN)

Herschel Walker leads Warnock in Georgia Senate race: poll
(DBN)

Arizona Supreme Court declines GOP request to end early voting
(DBN)

GOP snarls House floor to protest Biden border moves
(DBN)

Stephen Miller's Group Threatens Disney For Not Donating Enough To GOP
(DBN)

Ohio Rep. Bob Gibbs retires abruptly, blames fight over maps
(DBN)

____________

 


New Bankruptcy Opinions
(4 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (17 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (10 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)

Aviation:

Here's why people are still flipping out on airliners
(DBN)

Here's why JetBlue is willing to shell out $3.6 billion for discount airline Spirit
(DBN)

Airlines Forecast Higher Fares After Energy Price Spike
(DBN)

Boeing Has Another Problematical Jet
(DBN)

____________

Retailing:

Ralph Lauren, Vans parent VF Corp. and off-price retailer TJX downgraded as 2022 fashion outlook grows more gloomy
(DBN)

Sheer joy in store as U.S. retailers stock up for bumper wedding season
(DBN)

____________

Banking:

NY Attorney General asks banks to end overdraft fees
(DBN)

____________

Labor:

Union election petitions surge as U.S. workers organize
(DBN)

Biden takes aim at Amazon as he touts unions "Amazon here we come": Biden endorses warehouse unionization efforts
(DBN)

Unions rally for striking Alabama miners
(DBN)

____________

Coal:

EU countries hunt for global coal stocks as Russian ban looms
(DBN)

____________

Healthcare:

US experts discuss COVID boosters for the fall and beyond
(DBN)

Protection against COVID-19 infection improves after fourth vaccine dose but wanes quickly: study
(DBN)

Anthony Fauci predicts uptick in US COVID cases from BA.2 subvariant: 'We can't claim absolute victory'
(DBN)

WHO: COVID cases and deaths continue to fall globally
(DBN)

UK has detected a new Covid variant. Here's what we know so far about omicron XE
(DBN)

GOP blocks Senate COVID bill, demands votes on immigration
(DBN)

Fauci tells Chris Wallace of 'painful' messaging under Trump
(DBN)

____________

Sovereigns:

Russia says it sent $650 million bond payment in rubles after US Treasury blocked dollar transfers Russia edges close to default on debt, pays bondholders in roubles Russia's Creditors May Have To Choose Between Getting Paid In Rubles Or Not Getting Paid At All
(DBN)

BlackRock, Ashmore part of Sri Lanka's creditor group ahead of debt talks Sri Lanka must restructure $1 billion debt, needs stability - says outgoing finance minister
(DBN)

One Creditor Is Delaying Zambia's Debt Restructuring, U.K. Says
(DBN)

____________

UK:

Boris Johnson opposes trans women competing in women's sports
(DBN)

UK Has "All Options On The Table" In Push For Energy Independence
(DBN)

Age of Engagement with Russia is Over
(DBN)

____________

EU:

Hungary's authoritarian leader breaks with the EU, saying he'll pay for Russian gas in rubles
(DBN)

____________

Canada:

Key Impacts of the COVID-19 Pandemic on Retail Insolvencies
(DBN)

Canada's Ivey PMI shows activity expanding at record speed
(DBN)

Bank of Canada to hike rates by 50 basis points in April- Reuters poll
(DBN)

____________

Italy:

Italy slashes growth outlook as Ukraine weighs, confirms deficit goal
(DBN)

____________

Russia:

Russia's failure to take down Kyiv was a defeat for the ages 'Weapons, weapons and weapons': Ukraine makes its request to NATO clear Right-wing Azov Battalion emerges as a controversial defender of Ukraine In Bucha, the scope of Russian barbarity is coming into focus Video appears to show Ukrainian soldiers executing Russian soldier captured in an ambush outside Kyiv, New York Times reports Ukrainians pore over grisly aftermath of atrocities China says Bucha images 'deeply disturbing,' but assigns no blame Russian soldiers open fire on cyclist in Bucha in video verified by The New York Times Russian media campaign falsely claims Bucha deaths are fakes In Bucha, Ukraine, burned, piled bodies among latest horrors Pentagon: Russian forces outside Kyiv, Chernihiv have 'completely withdrawn' Russian war crimes in Ukraine: So much for 'never again' Putin is preparing an eastern offensive in Ukraine. Here's how this phase of the war could unfold Why a Russia-Ukraine deal will be difficult to reach
(DBN)

China calls for probe into Bucha killings, assigns no blame
(DBN)

NATO Scours the Skies for Incursions Amid Rising Russia Tensions
(DBN)

Anonymous 'leaks nearly a MILLION Russian state network emails' in major attack on Kremlin propaganda machine
(DBN)

'We Will Kill You': How Russia Silenced Its Antiwar Movement
(WSJ)

Putin's 'secret' doctor and dancer daughters hit with sanctions after tyrant dad's horrific war crimes in Ukraine
(DBN)

Interview: Estonia PM warns against "peace at any price" with Putin
(DBN)

Most Russians Leave Since 1917 Revolution
(DBN)

____________

China:

China allows Evergrande creditors to sue locally to recoup debt
(DBN)

Debt-ridden developer Kaisa's bonds edge up after firm says it has signed joint venture agreement with state-owned builder, bad asset manager
(DBN)

Shanghai to allow parents to stay with COVID-infected kids
(DBN)

Russia Coal and Oil Paid for in Yuan Starts Heading to China
(DBN)

____________

MENA:

Governor of Lebanese central bank refutes going bankrupt Relax Everyone, Lebanon is Not Bankrupt
(DBN)

____________

India:

Obligation of vigilance under Insolvency and Bankruptcy Code, 2016
(DBN)

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