August 11, 2022

The Daily Bankruptcy News

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Law:

"The Next Great Category of Restructuring Advisory"
(DBN)

Ex-Law Firm Partner With Parkinson's Disease Loses ERISA Appeal
(DBN)

Boies Schiller and Hausfeld will get big chunk of $626.6M in legal fees in insurance antitrust case
(DBN)

Promising Young Biglaw Partner Killed In Highway Crash
(DBN)

Judge Orders Forfeiture of Michael Avenatti's Jet, Purchased with Stolen Client Money and Seized in 2019
(DBN)

How Suspended Bankruptcy Lawyer Derailed NRA Donors' $1 Billion Claim
(DBN)

Newest U.S. law school has big plans, few students so far, article with image
(DBN)

This Federal Circuit Stands Alone On Attorney Fees
(DBN)

Some Lawyers Offer Interesting Fee Arrangements
(DBN)

U.S. trustee drops appeal challenging $21 mln LeClairRyan settlement
(DBN)

Colorado could be next to let non-lawyers provide limited legal services, article with image
(DBN)

Donald Trump arrived Wednesday morning for his long-awaited deposition in the NY attorney general's 3-year probe of his business Trump invokes Fifth Amendment in N.Y. AG's civil probe of his business practices Trump says he invoked Fifth Amendment in N.Y. attorney general deposition Flashback Trump Takes The Fifth Like 'The Mob' Trump Took Fifth Amendment 440 times in Deposition Donald Trump's Fifth Amendment Assertions Can Protect Him Criminally — But May Hurt Him in a Civil Case What Trump's pleading the Fifth means for New York AG Tish James
(DBN)

Trump campaign won't enforce NDAs, attorneys say After Losing in Court, Donald Trump's 2016 Campaign Abandons Confidentiality Provisions That Silenced Workers
(DBN)

D.C. Circuit Rules Against Trump in Tax Return Dispute: Ex-Presidents Are 'Subject to the Same Laws as All Other Citizens' DC Circuit rules against Trump on tax returns, says subjecting ex-president to laws is not 'bug' in system
(DBN)

Online supporters of Trump grow louder, but the scene outside Mar-a-Lago is a different story Federal Magistrate Judge Orders DOJ to Respond to Media and Non-Profit Requests to Unseal Trump Search Warrant FBI agents took around 12 boxes from Trump's Mar-a-Lago home in their raid, his lawyer says Trumpworld speculates about "flipped" aide after FBI search A mole! Pretextual! Planted evidence! — Trump world rife with theories about the FBI search With Feds Circling, Trump Asks Allies: Who's 'Wearing a Wire'? An Informer Told the FBI What Docs Trump Was Hiding, and Where Biden in a tough spot on Trump after FBI Mar-a-Lago search Trump lawyer says FBI teams focused on three areas at Mar-a-Lago Why the Trump search warrant is nothing like Hillary's emails Comparing Hillary Clinton's emails and Donald Trump's boxes of files McConnell calls for 'thorough and immediate explanation' of Mar-a-Lago raid FBI search makes clear Trump is target of probe The One Thing That Is Very Clear from the Search of Trump's Home Grassley expresses concern to FBI director in wake of Mar-a-Lago search How the FBI got the keys to Mar-a-Lago FBI searched Melania's wardrobe, spent hours in Trump's private office during Mar-a-Lago raid FBI's search of Trump's Florida estate: Why now? Did Trump break the law? FBI search raises fresh questions Trump Made It A Felony To Mishandle Classified Documents In 2018 FBI warrant for search of Trump home may involve suspected violations of Espionage Act, former chief of DOJ national security says Trumpworld Goes All In On The Marion Barry Defense After FBI Raid Eric Trump's Accidental Confession About His Father Has Twitter Users Howling It'd Be Hard for Trump to 'Avoid Conviction' if Feds Brought Classification-Related Charges Against Him, Top National Security Lawyer Says FBI chief: Threats to law enforcement after Mar-a-Lago search "dangerous"
(DBN)

Secret Service protection would follow Donald Trump to the slammer if he ever ended up there, former agents say Trump Could Still Serve As President From Prison
(DBN)

Here's what the Jan. 6 Committee asked Mike Pompeo: reporter First Amendment Scholars Say Jan. 6 Rioter Is Subject to 'Constitutional Command' Disqualifying Insurrectionists from Holding Public Office
(DBN)

The guide to Trump's increasing legal threats
(DBN)

Lindsay Graham Still Fighting GA. Subpoena
(DBN)

Rod Rosenstein Must Sit for Deposition in Fired FBI Agent Peter Strzok's Suit Over Disclosure of Anti-Trump Texts
(DBN)

FBI seizes Rep. Scott Perry's phone Why Scott Perry stands out in the FBI's investigations of Trump allies
(DBN)

Secret Service officer assaulted outside White House
(DBN)

An Iranian national is charged in a plot to kill John Bolton
(DBN)

HIPAA faces test in new abortion reality Montana Supreme Court upholds ruling blocking abortion restrictions Poll: 70% of Americans want to vote on abortion in state ballots 90% of Texans Want Abortion for Rape, Incest Online Privacy in a Post Roe World
(DBN)

'A cascade of online hate': anti-LGBTQ+ discrimination, disinformation flourishes on social media
(DBN)

'Disaster' Kevin McCarthy slammed by local newspaper editorial for his 'threats' against Merrick Garland
(DBN)

Texas dad left five kids in hot car without AC: cops
(DBN)

Trial over grisly Kobe Bryant chopper crash pics set to begin
(DBN)

Abbott dares Adams to 'make my day' in migrant war
(DBN)

7 murder convictions overturned in a single day after prosecutors stop backing group of cases tied to alleged misconduct by disgraced former Chicago police detective
(DBN)

'Freaky' Public Defender Gets Prison Time After Sending Heroin, 'Photos of Herself' to Flirtatious Convicted Murderer in Envelope Marked 'Legal Mail'
(DBN)

Security Specialist at Supermax Federal Prison Testifies About Notes Found in Toilet After Alleged Mexican Mafia Lawyer's Visit
(DBN)

Texas Man Convicted of Fatally Shooting His Daughters in Obsessive 'Honor Killings'
(DBN)

California Man Caught His Dermatologist Wife Poisoning His Lemonade with Drano: Police
(DBN)

Jury is told 2 men wanted to kidnap Whitmer, start revolt
(DBN)

______________

Judges:

The Supreme Court Wants to End the Separation of Church and State
(DBN)

N.Y. federal judge who rescinded retirement still won't step down, article with image
(DBN)

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Wall Street:

Stock futures gain as the market looks to build on Wednesday's rally
(DBN)

Wall Street roars after inflation cools more than expected
(DBN)

Latest Meme-Stock War Is Hedge Fund Versus Hedge Fund
(DBN)

______________

Layoffs:

War & World Economy Spark Mass Tech Layoffs
(DBN)

GoHealth lays off 800 employees as online health insurance seller cuts back
(DBN)

Sweetgreen announces layoffs and office downsizing
(DBN)

After a series of clinical stumbles, Atara lays off 20% of staff
(DBN)

______________

Crypto:

Voyager, Celsius, and Possible Bidding Opportunities
(DBN)

Mark Cuban faces class action lawsuit for promoting Voyager crypto products
(DBN)

Ripple Labs interested in bankrupt crypto lender Celsius' assets
(DBN)

Coinbase Global's second quarter reflects crypto slowdown
(DBN)

DOJ demands more insight into Celsius' severance payments, bitcoin sales
(DBN)

Australian crypto ownership warrants consumer protection, says regulator
(DBN)

____________

Politics:

Biden approval rating jumps to its highest level in two months in Reuters-Ipsos poll
(DBN)

Miami mayor eyes White House
(DBN)

Republicans Are Rooting for Civil War The Conservative Political Action Conference Encouraged Domestic Terrorism In Broad Daylight. Are We Prepared For Speech Like That?
(DBN)

Republicans who blast FBI's Trump search are prepping to snag Joe in a Hunter Biden probe
(DBN)

Top Wisconsin lawmaker targeted by Trump wins GOP primary
(DBN)

Trump's 2024 boost
(DBN)

A shocked John Kelly told Trump 'those are the heroes' after the president said having wounded veterans in a military parade 'doesn't look good,' book reveals
(DBN)

FBI thunderbolt scrambles political predictions on Trump
(DBN)

Omar ekes out win in surprisingly close Minnesota primary
(DBN)

Former sheriff pardoned by Trump loses political bid for a third time
(DBN)

House incumbents face historic primary peril
(DBN)

Secession, Anti-LGBT and 'The Big Lie': Texas Republicans Have Gone Far Right with New Platform
(DBN)

____________


Economy:

Consumer prices rose by 8.5% year over year in July as the summer of inflation wears on Consumer prices rose 8.5% in July, less than expected as inflation pressures ease a bit Fed's Evans says July CPI data was 'positive,' but 'nobody can be happy' with 8.5% annual inflation rate Inflation rate drops to 8.5% in July—too soon to say it's peaked, says economist Lower prices offer Americans slight reprieve from inflation Grocery prices in July had largest price increase since 1979 — with one food staple rising by 38% on the year U.S. Inflation Hits Food Staples Hardest Inflation cooled off in July as tumbling gas prices offered Americans much-needed relief US Inflation Runs Cooler Than Forecast, Easing Pressure on Fed Inflation drops to zero in July due to falling gas prices Cleveland Fed: Median CPI increased 0.5% and Trimmed-mean CPI increased 0.4% in July BLS: CPI Unchanged in July; Core CPI increased 0.3% Inflation eases in July but remains near 40-year highs
(DBN)

Biden's inflation jujitsu
(DBN)

U.S. budget deficit narrows by record amount in July by one measurement
(DBN)

The Effect of Minimum Wages on Consumer Bankruptcy
(DBN)

ServiceNow CEO: I believe a recession would be 'short-lived'
(DBN)

What's in it for you? Five cash benefits in the Democrats' climate and health bill
(DBN)

Discounts on Russian crude oil are shrinking as Moscow regains pricing leverage in a tight energy market A Radical Plan To Reduce Europe's Oil Demand By 33% European natural gas prices jump 7% as Russia squeezes supplies and Germany's Rhine river runs low Europe's streets go dark to save energy Russians buy last goods from H&M, IKEA as stores wind down Germany is now the fulcrum for Vladimir Putin's pressure Aluminum foundry fights for survival in European gas crisis Europe can withstand a winter recession Americans are still using Russian oil and money is 'flowing into the Kremlin's coffers,' says Ukraine's chief economic advisor Europe's Energy Crisis May Get A Lot Worse
(DBN)

Investors like the climate deal
(DBN)

AP Fact Check: GOP skews budget bill's impact on IRS, taxes
(DBN)

Summers Says Carried-Interest Tax Break Is 'Outrageous'
(DBN)

Ready or not, the supply chain transformation is underway
(DBN)

Enactment timeline for Dems health, climate and tax package
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

Homebuyers Hit Brakes in July, Sellers Hold Back
(DBN)

Evictions spiking as assistance, protections disappear
(DBN)

Owner of Edison Mall & Port Charlotte Town Center files for bankruptcy
(DBN)

WeWork investor enters Chapter 11 on DTLA "metaverse hub"
(DBN)

Alleged DFW slumlords delay lawsuit with bankruptcy filing
(DBN)

____________

Municipalities:

How Detroit moved on from its legendary bankruptcy
(DBN)

Chicago Budget Gap Narrows to $128 Million as Revenue Rebounds
(DBN)

____________

Oil/Gas:

Oil prices have tumbled almost 30% in 2 months. Here's why, and what could happen next.
(DBN)

National average for a gallon of gas drops below $4
(DBN)

Are Gas Stations Really Inflating Prices For Profit?
(DBN)

Global physical oil market weakens as recession jitters mount
(DBN)

EV tax credits in Democrats' climate bill could hurt electric vehicle sales
(DBN)

____________

Mass Torts:

Alex Jones and the Lie Economy What's next for Alex Jones after $49M Sandy Hook verdict? Punitive Damages Cap In Alex Jones Case Is The Ultimate Jury Nullification
(DBN)

Endo, under siege from opioid lawsuits, says bankruptcy filing 'imminent' Endo Bondholder Group Continues to Call on Company Not to File for Bankruptcy
(DBN)

Walgreens prescriptions added to San Francisco's opioid epidemic - judge
(DBN)

The Features and Limitations of Asbestos Settlement Trusts: A Primer
(DBN)

____________

Bankruptcy Crimes:

Licensed Attorney Pleads Guilty to Bankruptcy Fraud, Agrees to Disbarment
(DBN)

____________

Radio:

Rocking M Media Circles Which Stations It Wants To Auction In Bankruptcy Reorganization.
(DBN)

____________

Climate:

Drought threatens 60% of EU and U.K. as Europe faces "critical situation"
(DBN)

'Getting harder and hotter': Phoenix fire crews race to save lives in America's hottest city
(DBN)

Americans endure scorching heat amid a summer for the record books
(DBN)

Fate of world's biggest ice sheet is in human hands, scientists say
(DBN)

New Jersey issues first drought watch since 2016
(DBN)

'We're back, baby': New bill boosts US climate credibility
(DBN)

Europe's energy crisis has gotten so bad that French power stations are being allowed to break environmental rules as a fresh heatwave looks set to cause more chaos
(DBN)

Green-ifying your home is about to get lots cheaper
(DBN)

London Businesses Next to Face Water Restrictions Amid Drought
(DBN)

____________

Entertainment:

Disney raises streaming prices after services post big operating loss
(DBN)

____________

Hotel:

Eastdil and A&G seek to broker sale of bankrupt Williamsburg Hotel
(DBN)

____________

Cosmetics:

Revlon shareholders seek official representation in bankruptcy case
(DBN)

Revlon Names Interim CFO Amid Bankruptcy Process
(WSJ)

____________

Healthcare:

Biden signs bill to expand benefits for veterans exposed to toxic burn pits
(DBN)

London children offered polio booster vaccine as more virus detected
(DBN)

Polio unlikely to spread widely in U.S.
(DBN)

Most vaccinated people 50+ will get a booster: poll
(DBN)

The US is on a Covid plateau, and no one's sure what will happen next
(DBN)

Clear results elusive in long COVID studies
(DBN)

Fewer Americans say COVID-19 situation is improving: Gallup
(DBN)

WHO: COVID-19 deaths fall overall by 9%, infections stable
(DBN)

America's New Monkeypox Strategy Rests on a Single Study
(DBN)

Bar Tabs: Getting Hit With A Stiff Bill After Surgery Is A Hard Drink To Swallow
(DBN)

'People will die waiting': America's system for the disabled is nearing collapse
(DBN)

____________

 


New Bankruptcy Opinions
(2 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (7 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (2 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)

Avoidance Actions:

Subsequent Transferee's Good Faith for Value Defense: The Second and Ninth Circuit's Perspective
(DBN)

When a Critical Vendor may be Insulated from Preference Liability
(DBN)

____________

Bad Faith:

Circumstances Under Which a Court Will Dismiss a Chapter 11 Filing Made in Bad Faith
(DBN)

____________

Executory Contracts:

A Non-Party's Ability to Assert a Cure Claim Under 365(b)(1)(A) in New York
(DBN)

____________

Subordination:

Equitable Subordination of a Claim Depends on Insider Status, Conduct of the Claimant, and if There was Harm
(DBN)

____________

Discharge:

NDA Obligations Are Not Discharged In Bankruptcy
(DBN)

____________

Aviation:

Business travel costs are expected to rise through 2023, industry report says
(DBN)

Pacific aviation is struggling to take off after the pandemic – how can the 'blue continent' stay connected?
(DBN)

____________

Student Debt:

Biden is expected to announce student-loan forgiveness in the next 3 weeks, but the White House says he's not 'ready' to make that decision yet
(DBN)

Taxpayers are owed more than $1 billion related to the student loan program — but not from borrowers
(DBN)

Debt strike: How student-loan borrowers are finding ways to stop payments without defaulting
(DBN)

The Role a Debtor's Age Plays When Determining Whether to Discharge Student Loan Debt
(DBN)

____________

Retailing:

Amazon lawsuit accuses company of selling fake seller feedback
(DBN)

____________

Tax:

$4,104,725,000,000: Federal Tax Collections Set Record Through July
(DBN)

GOP rails against IRS funding in Inflation Reduction Act
(DBN)

Increased Funding To The IRS Could Result In A Faster Refund And A Higher Chance Of A Tax Audit
(DBN)

45 percent in new poll concerned IRS will increase number of audits
(DBN)

____________

Golf:

Judge rules LIV golfers can't play in PGA Tour postseason
(DBN)

____________

Fraud:

'Corrupt Test Administrator' Sentenced to Home Detention for Conspiracy to Commit Racketeering in College Admissions Scam
(DBN)

____________

Autos:

Ford CEO doesn't expect electric vehicle battery costs to drop anytime soon
(DBN)

____________

Celebs:

Real Housewife Hit With Major Lawsuit After Luxury Vacation
(DBN)

____________

Transit:

Driving Into Manhattan Is About to Get Even More Expensive New York Congestion Charge: $23 a Trip
(DBN)

____________

Sovereigns:

The high price of a Sri Lankan family's bid to flee crisis
(DBN)

Ukraine's creditors agree 2-year freeze on $20 billion overseas debt Ukraine's sovereign and corporate debt crunch
(DBN)

____________

UK:

Is a rise in CDS defaults on the horizon?
(DBN)

Credit Suisse steps up $440 million Greensill legal dispute with SoftBank
(DBN)

____________

EU:

Facing Russian Gas Cuts, Europe Dims Lights, Cools Pools and Shortens Showers
(WSJ)

____________

Russia:

9 Russian warplanes were destroyed in Crimea blasts, Ukraine says Russia 'almost certainly' has established major new ground force to fight in Ukraine: UK intelligence Top Ukrainian Official Admits It's 'Impossible' to Defeat Russia Without Greater Western Support Austin Reaffirms Pledge of Indefinite US Support How Putin Is Pushing His Army Bosses Through a 'Meat Grinder' of Death Russia Offers 'Lucrative Cash Bonuses' to New Troops Going to Ukraine: U.K. Russia has endured 80,000 casualties, US official says; oligarch's $90 million plane may be seized
(DBN)

Russia sent Steven Seagal to occupied Ukraine to spread propaganda, part of his role as a Kremlin spokesman
(DBN)

China calls U.S. 'main instigator' of Ukraine crisis
(DBN)

G7 ministers demand Russian withdrawal from Ukraine nuclear power plant Fighting in Ukraine endangers big nuclear plant Ukraine accuses Russia of using nuclear plant for deadly rocket attack
(DBN)

____________

China:

China's Didi EV joint venture with Li Auto applies for bankruptcy
(DBN)

Secoo, once China's top online luxury goods retailer, files for bankruptcy amid waning consumer demand
(DBN)

China's youth face bleak job market as COVID slows economy
(DBN)

China appears to wind down threatening wargames near Taiwan China withdraws promise not to send troops to Taiwan if it takes control of island
(DBN)

____________

Italy:

Crisis and Insolvency Code finally in force
(DBN)

____________

MENA:

White House warns of 'severe consequences' if Iran attacks any US citizen
(DBN)

____________

Netherlands:

More freelancers give up, bankruptcies also rise slightly: CBS
(DBN)

____________

India:

Promoter Ownership and Bankruptcy Reforms: Evidence from India
(DBN)

The Next Phase of the IBC - Introducing Pre-packs for MSMEs
(DBN)

____________

Mexico:

Mexican Shadow Banks' Collapse Wipes Out Bondholders Abroad
(DBN)

____________


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