August 1, 2022

The Daily Bankruptcy News

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Law:

Rising Associate Compensation A 'Red Flag' For Biglaw Firms
(DBN)

Law Student Discovers Catholic Learning Institution Enforces A Religious Code Of Conduct
(DBN)

The Big Fish Of Biglaw: An ATL Infographic
(DBN)

Board of UC Hastings law school recommends name change in response to founder's role in massacres
(DBN)

Magbanua sentenced to life, plus two 30-year sentences in Dan Markel murder; Adelson trial possible for early 2023
(DBN)

Brittney Griner's Lawyer Has A Biglaw Pedigree
(DBN)

The Shoes Behind A Noteworthy Legal Career
(DBN)

Rep. Gaetz told Roger Stone 'the boss' would pardon him for obstructing justice: report
(DBN)

Rusty Bowers Trashes Trump, Defends Jan. 6 Testimony • Why Trump witness tampering would be so hard to prove • FBI failures before the Capitol siege avoided the Jan. 6 committee's scorn. Not for long • As Jan. 6 probe expands, officials worry DOJ resources are at a breaking point • The RNC 'election integrity' official appearing in DOJ's Jan. 6 subpoenas • Mulvaney says Jan. 6 committee asked about text message he sent to RNC chair Ronna McDaniel days after 2020 election • Secret Service's own secrets come under scrutiny in Jan. 6 probe • Pro-Trump influencer upset after documents detailing 'substantial' cooperation with FBI are released • South Carolina Firefighter Caught Shouting 'Civil War Two!' on Jan. 6 Gets Two Weeks Behind Bars
(DBN)

Devin Nunes Drops SLAPP Case He Lost Against Guy He Claims Is The Husband Of The Satirical Tweeting Cow Who Mocks Him
(DBN)

No, Sen. Grassley, the FBI is not corrupted to its core
(DBN)

Parkland trial a rare, curtailed look at mass shooting gore
(DBN)

House passes assault weapons ban • These are the 5 Democrats who voted against a ban on assault weapons in the House • House passes assault weapons ban that's doomed in the Senate
(DBN)

Sick 9/11 first responders on brink of losing jobs despite protective law
(DBN)

Abortions in young girls are not uncommon, experts say • More Republican Women Than You Think Have Had Abortions. Here's How I Know. • Indiana Senate narrowly passes abortion ban • VA secretary says agency looking at abortion services for female vets • Vulnerable House Dems see abortion as winning campaign theme • Overturning Roe v. Wade isn't the end for abortion opponents • Three 'trigger ban' states move closer to restricting abortion • Doctors in abortion-ban states fear prosecution for treating patients with life-threatening pregnancies
(DBN)

Lawyer Who Helped Get Abortions Banned Will Contribute To HIV's Spread In Jesus' Name
(DBN)

Republicans' next big play is to 'scare the hell out of Washington' by rewriting the Constitution. And they're willing to play the long game to win.
(DBN)

Georgia University Prof Accused of Gunning Down 18-Year-Old Student in Parking Lot
(DBN)

3 teens shot during apparent argument at Boston party
(DBN)

Jury awards $7 billion to family of grandmother who was stabbed to death in her home by a cable installer
(DBN)

70-year-old man indicted in Alabama church triple slaying, court records show
(DBN)

New Jersey city councilwoman caught on video hitting a cyclist with her SUV and driving away
(DBN)

White driver allegedly posts a video appearing to show him speeding toward Black teen cyclists and using a racial slur
(DBN)

'I'm alone': These asylum seekers find themselves on the street as they await immigration hearings
(DBN)

Number of migrants crossing border is dropping, in part due to U.S. agents helping nab human smugglers in Central America
(DBN)

Biden wants an industrial renaissance. He can't do it without immigration reform.
(DBN)

Man Shot Woman in Neck, But the Bullet Fatally Struck Him on Exit: Police
(DBN)

Docs from Heard Depp Trial Released
(DBN)

______________

Judges:

South Carolina federal judge reprimanded for lucrative contract with ex-employer
(DBN)

Biden nominates abortion rights lawyer to be federal judge • Biden Taps Abortion Lawyer From Dobbs Case for First Circuit
(DBN)

Sporting a new beard, Justice Alito defends abortion decision, remarks on 'growing hostility to religion' • Justice Alito mocks Prince Harry, Boris Johnson for opposing Roe reversal
(DBN)

Sam Alito Drops Prince Harry Diss Track, Uses B-Side To Lay Out Terrifying Religio-Fascist Vision
(DBN)

Justice Thomas told GW Law he is 'unavailable' to teach constitutional law seminar after student outcry
(DBN)

Ketanji Brown Jackson Bobblehead Easily The Greatest Perk Of Joining The Supreme Court
(DBN)

Indiana Judge Tied to Drunken White Castle Parking Lot Shooting in 2019 Resigns After Being Charged with Hitting Ex-Husband in Front of Kids
(DBN)

President Biden Names Twenty-Fourth Round of Judicial Nominees
(DBN)

______________

Wall Street:

Stock futures are flat to start August trading with market coming off best month since 2020
(DBN)

Recession or not, the stock market is doing fine
(DBN)

______________

Layoffs:

Liquidating Chapter 11 Debtor Excused from Providing WARN Act Notification of Employee Layoffs Due to Pandemic Natural Disaster
(DBN)

Tech's great layoffs: Over 30,000 tech employees lost their jobs as of July. These are their stories in their own words.
(DBN)

______________

Religion:

Pope says he'll slow down or retire: 'You can change a pope'
(DBN)

____________

Tech:

Tech companies hit the brakes as slowdown looms
(DBN)

Elon Musk countersues Twitter, but details of the suit are confidential
(DBN)

____________

Retailing:

Retail's 'Dark Side': As Inventory Piles Up, Liquidation Warehouses Are Busy
(DBN)

Olympia Sports to Close All Remaining Locations, Liquidation Sales Underway
(DBN)

____________

Education:

Students at universities push for reparations
(DBN)

Oklahoma schools now require 'biological sex affidavit' for student athletes
(DBN)

Trained, Armed and Ready. To Teach Kindergarten.
(DBN)

____________

Student Debt:

Meet a man with $47,000 in student debt who's been trapped in a student-loan repayment 'bureaucracy nightmare' for nearly 3 decades without the debt cancellation he was promised
(DBN)

____________

Celebs:

Shakira could face 8-year prison term if convicted in expected tax fraud trial
(DBN)

Evander Holyfield is bankrupt, but refuses to sell his greatest asset to pay off debts
(DBN)

Judge Postpones Cardi B Trial and Orders the Rapper to Find Another Lawyer
(DBN)

____________

Banking:

U.S. Bank illegally used customer data to create sham accounts to inflate sales numbers for the last decade. Now they've been fined $37.5 million plus interest on unlawfully collected fees.
(DBN)

Banks Used to Provide Relief From Inflation. Now They Profit Big
(DBN)

____________

Hotels:

Hotels: Occupancy Rate Down 6.0% Compared to Same Week in 2019
(DBN)

Half-built Saline hotel could soon emerge from construction freeze
(DBN)

____________

Labor:

United Auto Workers Seek to Shed a Legacy of Corruption
(DBN)

____________

Fraud:

NY Attorney Gets Three Years in Cash4Cases Litigation Funding Scheme
(DBN)

____________

Healthcare:

Employees are increasingly on the hook for their medical costs
(DBN)

CVS Scheme Diverted Millions From Underserved Population, NY AG Says
(DBN)

COVID July 29, 2022, Update on Cases, Hospitalizations and Deaths
(DBN)

How the Covid-19 Pandemic Changed Americans' Health for the Worse
(WSJ)

Biden administration to begin offering updated booster shots in September
(DBN)

Biden tests positive for Covid again; Back into isolation • 'Rare case of rebound'
(DBN)

Biden's success story
(DBN)

Biden confidant: "We are Reagan"
(DBN)

US monkeypox cases hit 5,189 • Beloved San Francisco festival presses ahead amid anxiety, uncertainty over monkeypox1 in 5 Americans fear they'll get monkeypox • New York Gov. Hochul declares state disaster emergency over monkeypox • Gottlieb predicts monkeypox will become public health failure
(DBN)

Monkeypox Vaccine Demand Soars, and Just One Small Danish Company Makes It • In race for monkeypox vaccines, experts see repeat of COVID
(WSJ)

Bob Costas criticizes unvaccinated MLB players: 'You are hurting your own team'
(DBN)

Inside the super-secure Swiss lab trying to stop the next pandemic
(DBN)

____________


Economy:

Kashkari Says Fed Committed to Slowing Inflation to 2% Target
(DBN)

Personal Income increased 0.6% in June; Spending increased 1.1%
(DBN)

How millennials made $5 trillion in 2 years
(DBN)

Young US College Graduates Face Tougher Job Market Than Average
(DBN)

Stagflation nation: America's high inflation and slowing economic growth
(DBN)

The dollar could crash from 20-year highs if the Fed pauses rate hikes in a weak economy, says top economist
(DBN)

SPAM goes on lockdown due to inflation in NYC • Why Old Spice, Colgate and Dawn are locked up at drug stores
(DBN)

Powell Pushing Asia into New Financial Crisis
(DBN)

Strange Reason for Shrinking Economy
(DBN)

Corporations on the front lines of the economy say cracks are forming
(DBN)

States boost child care money as fed efforts stall
(DBN)

How communities with low vaccination rates face costs beyond the virus
(DBN)

Germany argues over nuclear shutdown amid gas supply worries • Deutsche Bank Chief Sees Germany as Well Prepared for Gas Crisis • Meet The Russian Architect of Putin's Economic Counterattack • Gas Crisis Now Tops European Stock Traders' Long List of Risks • Europe's Looming Coal Crisis
(DBN)

Federal tourism aid funds gas stations, trash cans, jazz
(DBN)

California exodus continues, with LA, San Francisco leading the way: 'Why are we here?'
(DBN)

Most millennials, especially Latinos and Black people, are staying close to home. What does that mean for economic opportunity?
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

30-Year Mortgage Rates Decrease to 5.13%
(DBN)

Home prices cooled at a record pace in June, according to housing data firm
(DBN)

Fannie Mae: Mortgage Serious Delinquency Rate Decreased in June
(DBN)

Rent Increases Up Sharply Year-over-year, Pace Continues to Slow
(DBN)

Q2 2022 GDP Details on Residential and Commercial Real Estate
(DBN)

The mystery of NYC's high rents, solved (sort of)
(DBN)

Auraria Student Lofts Files For Bankruptcy Protection
(DBN)

'We must end this now': City may settle Badlands cases for $64M
(DBN)

____________

Municipalities:

McKinsey Payments in Puerto Rico's Bankruptcy Come Under Fire
(DBN)

Puerto Rico Status Act Loses Momentum in House
(DBN)

Puerto Rico board cites progress in asking for continued PREPA mediation
(DBN)

Puerto Rico FAFAA objects to HTA plan of adjustment
(DBN)

NYC park turning into 'disgusting' area filled with rats, homeless
(DBN)

Inside the Most Miserable City in America
(DBN)

____________

Oil/Gas:

Oil prices will stay high as production constraints will keep supplies tight, top CEOs say
(DBN)

Shale Profits Finally Blossoming After Decade of Steep Losses
(DBN)

Refiners Haven't Seen Fuel Demand Fall
(DBN)

Revenge of Old World Economy as Big Oil's Cash Flow Rivals Tech
(DBN)

Oil companies post record earnings as sky-high gas prices linger
(DBN)

Oil markets haven't yet priced in the rising risk of recession, which could lead to major declines if one transpires, JPMorgan says
(DBN)

Climate bill could be a huge help for EV buyers
(DBN)

Climate Change Lawsuits Plague Oil and Gas Producers
(DBN)

____________

Climate:

California wildfire explodes in size amid "critical" risk • McKinney Fire Becomes California's Largest of 2022, Burning 51,000 Acres • Heat, wind threaten to whip up growing Western wildfires • Wildfire Forces Evacuations on California-Oregon Border • McKinney Fire, California's biggest of year, turns deadly
(DBN)

Pacific Northwest's planning pays off after last year's heat dome served as a wake-up call
(DBN)

Las Vegas, NM has less than 50 days of clean water
(DBN)

"A perfect storm": Drought, extreme heat and two faulty wells threaten a North Texas town's water supply
(DBN)

Climate change made U.K. heat wave hotter and more likely, study finds
(DBN)

25 dead in Kentucky after catastrophic flooding in Appalachia • Floods strike new blow in place that has known hardship • Viral Plea Ends With 98-Year-Old Grandma Swimming Out of Flooded Kentucky Home • 'We're going to be finding bodies for weeks,' Kentucky governor says of floods • More rain expected in eastern Kentucky, already walloped by deadly floods
(DBN)

Monsoonal rains flood streets and casinos in Las Vegas
(DBN)

The big new climate bill's most important provisions
(DBN)

Pacific Northwest heat wave suspected in 6th death
(DBN)

Climate scientist says total climate breakdown is now inevitable: 'It is already a different world out there, soon it will be unrecognizable to every one of us'
(DBN)

California not counting methane leaks from idle wells
(DBN)

Record temperatures are sending UPS drivers to the hospital. Now they're demanding heat protections.
(DBN)

US Started NM Wildfire, Wants Victims to Pay
(DBN)

____________

Autos:

As Aston Martin Triples Loss, Survival Might Require A Takeover
(DBN)

Carvana Destruction is Nears Completion
(DBN)

____________

Golf:

Donald Trump's Sketchy Playbook for Blowing Up a Pro Sports League • Trump's Pro Golf Event Is a Mixed Bag of Big Money and Few Fans
(DBN)

____________

Politics:

US faces new era of political violence as threats against lawmakers rise • Congress on "high alert" amid security threats
(DBN)

Toomey: Dems tried to "sneak" $400B funding into veterans' health care bill • Jon Stewart knocks Cruz no vote on burn pit bill • Combat veteran says GOP senators who reversed their votes on the PACT Act 'spit in our face' • Biden Administration Challenges GOP to Get Burn Pits Bill Passed
(DBN)

Joe Manchin evasive on if he wants Democrats to keep control of Congress
(DBN)

Democrats split on Biden one-term pledge despite souring economy and polls
(DBN)

Winning Back the Working Class
(DBN)

Democrats moving full steam ahead on Manchin's spending bill • Sinema indicates she may want to change Schumer-Manchin deal • Manchin to Sinema: Believe in this bill • Manchin: Talks with Schumer on spending plan slowed by inflation concerns • Dems' health, climate deal 'may be disinflationary by causing a recession': • Senator Joe Manchin Promises Taxes Won't Go Up For Average Household In New Spending Bill • Manchin says Republicans in 'normal times' would be supporting energy, health care bill • Barrasso says Sinema 'not going to easily be twisted' on Manchin-Schumer deal: 'This is far from done' • Manchin says Sinema not involved in bill talks because he 'didn't think it would come to fruition'
(DBN)

Are Democrats Turning Around Their Dire Midterm Prospects?
(DBN)

Midterm Misery for Biden as Key Economy Gauge Flags 30-Seat Loss
(DBN)

GOP Rep. Jim Jordan says it's 'wrong' for Senate Republicans to work with Democrats on bills endorsed by Biden
(DBN)

9/11 families protest outside Trump golf course as Saudi-backed LIV kicks off • Trump's 9/11 comments mark latest in a string of public relations victories for Saudi Arabia
(DBN)

Trump son-in-law Jared Kushner says Steve Bannon threatened to break him 'in half' during bitter White House feud • Jared Kushner said he stopped Donald Trump from attacking Rupert Murdoch, according to new memoir
(DBN)

DeSantis Again Threatens CEOs Over Free Speech
(DBN)

'I'll never vote again' for former President Trump says Republican House member
(DBN)

Sen. Johnson: Can't trust FBI to 'get to the bottom' of Hunter Biden allegations
(DBN)

Republicans' Chances of Retaking Congress With 100 Days to Midterms: Polls
(DBN)

Josh Hawley Has a Masculinity Problem
(DBN)

Senate Democrats say GOP roster full of 'flawed and deeply damaged candidates'
(DBN)

Trump-backed GOP Michigan governor candidate says she disagrees with DeVos on Jan. 6
(DBN)

An antifa-fearing militia has called itself to action in Mariposa County as officials battle raging wildfires • In a California town, a militia is welcomed by some, cautioned by others
(DBN)

Russian Man Recruited U.S. Groups from Florida, Georgia and California to 'Sow Discord' and Push Anti-U.S. 'Agitprop': DOJ
(DBN)

____________

 
New Bankruptcy Opinions
(8 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (18 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (27 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)

Sovereign Immunity:

First Circuit Deepens Split on Waiver of Tribal Sovereign Immunity in Bankruptcy
(DBN)

____________

SCOTUS:

U.S. Supreme Court Bankruptcy Roundup
(DBN)

____________

Intervention:

Florida Bankruptcy Court: Chapter 11 Creditors' Committee Has No Unconditional Right to Intervene in Adversary Proceeding
(DBN)

____________

Mass Torts:

Alex Jones' company files for bankruptcy midway through Sandy Hook damages trial • Citing Millions in Liabilities, Company Owned by Alex Jones Files for Bankruptcy in Middle of Sandy Hook Defamation Trial • Alex Jones Puts Company Behind Infowars Empire Into Bankruptcy • Alex Jones' company files for bankruptcy amid Texas trial to award damages to Sandy Hook families • Alex Jones company files for bankruptcy; Sandy Hook defamation trial expected to continue • Alex Jones' media company files for bankruptcy during defamation damages trial • Alex Jones' media company files for bankruptcy during defamation damages trial • Yet Another Alex Jones Company Has Filed for Bankruptcy • Sandy Hook Lawyers Rip Bankruptcy Bid By 'Coward' Alex Jones To Dodge Damages • Lies for Profit: Can Sandy Hook Parents Shut Alex Jones Down?
(DBN)

He's 'Effectively Suing Himself': Alex Jones Files Lawsuit Against His Own Company in Alleged 'Sham' Attempt to Derail Sandy Hook Defamation Trial
(DBN)

FBI indicates it is open to settlements in Larry Nassar abuse lawsuits, emails show
(DBN)

Orthopedic surgeon diagnosed with neurological disorder allegedly caused hundreds of injuries, lawsuits say
(DBN)

U.S. judge rejects parts of Boy Scouts' $2.7 billion sex abuse deal • Boy Scouts Must Change $2.7 Billion Sex Abuse Fund, Judge Rules • Ruling leaves questions about Boy Scouts bankruptcy plan • Judge approves major parts of Boy Scouts' bankruptcy exit plan; pieces remain unresolved
(DBN)

Judge Issues Key Ruling in Boy Scout Bankruptcy That Traces History to Portland
(DBN)

Final Deadline Approaching for Claim in Dow Corning Breast Implant Bankruptcy, Announces Claimants' Advisory Committee
(DBN)

____________

Sales:

Buyer's Bad Faith in Failing to Inform Court of Right of First Refusal Precludes Statutory Mootness of Bankruptcy Sale
(DBN)

____________

Subordination:

Judgment Claim and Lien Securing It Were Properly Subordinated Under Section 510(b) of the Bankruptcy Code
(DBN)

____________

Contempt:

Another Circuit Rules that Taggart Standard for Contempt Applies Beyond Violations of Bankruptcy Discharge Injunction
(DBN)

____________

Aviation:

What it takes to get home
(DBN)

Air Canada revoked a worker's flying privileges after her daughter complained about poor service
(DBN)

Lufthansa pilots back possible strike action
(DBN)

Stuck on a delayed plane? Here are your rights as an airline passenger
(DBN)

Masten Space Systems files for bankruptcy
(DBN)

____________

Food/Beverage:

Restaurants are the one bright hope for post-pandemic New York
(DBN)

____________

Credit Cards:

Bipartisan US bill expected to take aim at credit card swipe fees
(DBN)

____________

Crypto:

Crypto Winter Is Here – What Does It Mean for Insolvency Practitioners?
(DBN)

'I have been in shock': Letters reveal financial distress after Celsius, Voyager bankruptcies
(DBN)

Crypto Turns Out To Be Nothing But A Massive Pump And Dump Scheme Fueled By Widespread Manipulation
(DBN)

SEC demands Zipmex clarify bankruptcy filing
(DBN)

Voyager Rejection of FTX Buyout Leaves Investors Searching for Answers
(DBN)

Tokens Past: The Civil War, Cryptocurrencies, And Bitcoin - This Time Isn't Different
(DBN)

Deposits at non-bank entities, including crypto firms, are not insured — FDIC
(DBN)

The death of easy money: Why 20% annual returns are over in crypto lending
(DBN)

____________

Sovereigns:

Sri Lanka leader: IMF agreement pushed back • Sri Lanka's President Says IMF Deal Delayed a Month • Bankrupt Sri Lanka seeks urgent help to feed children • International Monetary Fund agrees to pull Sri Lanka out of bankruptcy, leader says
(DBN)

Creditors Give Zambia Assurances to Unlock $1.4 Billion IMF Deal
(DBN)

Foreign press compares Hungary's economy to that of bankrupt Sri Lanka
(DBN)

Balochistan and Bankruptcy Could Doom Pakistan-China Relations
(DBN)

____________

UK:

Why the new Recovery Loan Scheme is unlikely to stem the flow of insolvencies
(DBN)

Debt-ridden Slough Borough Council 'very close' to selling assets
(DBN)

Report: Prince Charles' charity got donation from bin Ladens
(DBN)

Ailing UK Economy Is Causing Traders to Unwind Rate Hike Bets
(DBN)

£9.7 Million Lotto Winner Explains How He Went Bankrupt In Eight Years
(DBN)

____________

EU:

European energy companies are raking in record profits - as sky-high bills squeeze their customers' wallets
(DBN)

The Euro Feels the Pressure as Economy Tips Toward Recession
(DBN)

European Industry Is Increasingly Worried About Its Prospects
(DBN)

____________

Russia:

On Navy Day, Putin says United States is main threat to Russia • Drone explosion hits Russia's Black Sea Fleet headquarters • US envoy: Russia intends to dissolve Ukraine from world map • Zelenskyy calls for mass evacuations as fighting rages in Ukraine's east • Latvia says Russia should be labeled state sponsor of terror • Putin threatens 'lightning speed' response to interference • Russia recruits thousands to fill ranks in Ukraine • 'Appalling' videos alleged to show Russian soldiers castrating a Ukrainian soldier • Growing fears Putin will use nukes as Russia war effort falters, Brit expert claims
(DBN)

Ukraine could start exporting grain again for first time since war with Russia • First ship carrying Ukrainian grain since Russia invaded leaves Odesa
(DBN)

Blinken urged Russia to accept proposal for release of Griner and Whelan • U.S. judge in Russian arms dealer case backs Griner swap; ex-agent balks
(DBN)

Red Cross requests access to Ukraine prison • Ukrainian officials compile evidence that they say shows Russia was behind prison camp blast. • Zelenskyy calls POW bombing 'deliberate Russian war crime' • Kyiv and Moscow trade blame for strike reportedly killing dozens of Ukrainian POWs
(DBN)

Russian Invasion of Ukraine Widens Spiritual Rifts Among the Nations' Christians
(WSJ)

____________

China:

China Factory Activity Sees Shock Contraction on Covid Outbreaks
(DBN)

Evergrande offers sweetener for debt revamp as China property crisis worsens
(DBN)

China announces military exercises near Taiwan as Pelosi's trip looms
(DBN)

Chinese invasion of Taiwan may come sooner than expected
(DBN)

China Says They are Preparing for War
(DBN)

____________

MENA:

Iraqi protesters breach parliament building
(DBN)

Taliban are enforcing their rule with a vengeance, veteran correspondent warns
(DBN)

____________

South Korea:

Economic quadruple whammy weighs on SMEs
(DBN)

____________

Switzerland:

Restructuring procedures in Switzerland
(DBN)

____________

Australia:

Australians reminded of best practice approach to debt disputes as economic challenges continue 1 August 2022
(DBN)

Australia's Aggressive Policy Tightening Set to Weigh on Economy
(DBN)

Sydney's Home Prices Slide for Sixth Month With No Relief Seen
(DBN)

____________


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