August 12, 2022

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Show Them The Money: Where Are The Summer Bonuses For Associates?
(DBN)

Law firm profitability continues to decline as M&A work slows, Thomson Reuters report says
(DBN)

Brace yourself: The legal business forecast looks bleak
(DBN)

Did Big Law Learn Anything From the Demise of Dewey & LeBoeuf?
(DBN)

Where Have All The 'Intelligent' Biglaw Associates Gone?
(DBN)

Law.Com Barometer
(DBN)

'Suits' and the difference between federal and state court
(DBN)

Freshfields tells lawyers to pull 3 days a week in the office, minimum
(DBN)

UK Law Firm Profits Stymie 'Magic Circle' Bid to Compete in US
(DBN)

Attorney Arrested For Mailing Poop To Politicians
(DBN)

The Hottest Lateral Practice Area Right Now
(DBN)

Bartlit Beck Gets a Record Boost From Return of Trial Work
(DBN)

Subpoena Preceded Search Warrant in Push to Retrieve Material From Trump WaPo: FBI looked for documents related to nuclear weapons at Trump's Mar-a-Lago Garland says he "personally approved" search warrant at Trump's residence Trump calls for 'immediate release' of Mar-a-Lago search warrant, says lawyers won't oppose DOJ move Garland defends the FBI's search of Trump's Mar-a-Lago, releases portions of warrant Right About Now Donald Trump Really Wishes Merrick Garland Was On The Supreme Court DOJ files motion to unseal warrant, property receipt relating to search of Trump's home Trump, Mar-a-Lago and Merrick Garland — five key questions answered Feds seized documents from Mar-a-Lago in June Donald Trump's endless attacks on the FBI's Mar-a-Lago raid is pressuring Merrick Garland to break the DOJ's 'no comment' norm until there's an indictment — if that ever happens DOJ asks court to unseal Trump search warrant WSJ: Informant tipped off FBI about documents at Mar-a-Lago Mick Mulvaney estimates only six or eight people could be FBI informant Trump Is Peddling a Conspiracy the FBI Planted Evidence at Mar-a-Lago The Justice Department is in a no-win situation as Trump's fury rages Almost half of voters in new poll approve of Mar-a-Lago search DOJ bets its future on how it handles the search of Trump's Mar-a-Lago resort Trump baselessly bashed Obama for transferring records from the White House to Chicago. Here's why Obama was allowed while Trump is under scrutiny by the FBI LBJ Took Classified Documents Too
(DBN)

FBI Quest for Trump Documents Started With Breezy Chats, Tour of a Crowded Closet
(WSJ)

Trump Hires Attorney Who Once Called Him 'Racist Architect of Fraudulent Trump University'
(DBN)

Rudy Giuliani Promises Revenge Raid of Biden's House If Trump Wins in 2024
(DBN)

John Dean Defends DOJ, FBI Trashes Trump
(DBN)

Law enforcement association warns agents of criminal exposure after Secret Service shares personal cell phone numbers with investigators
(DBN)

US Capitol's '600 Rooms' Spurred Subpoena Confusion, Ex-Trump Aide Says in Jan. 6 Case Ex-Jan. 6 Committee Lawyer Leaves Capitol for Jenner & Block Stick-Wielding, Gas Mask-Wearing Former Police Officer Who Joined the Jan. 6 Capitol Mob Learns His Fate
(DBN)

North Carolina Man Accused of Threatening to Bomb Library of Congress Released to Home Confinement
(DBN)

Public Trust in the FBI
(DBN)

Bolton on criticism of FBI after Mar-a-Lago search: 'I think overwhelmingly they are professional'
(DBN)

Mulvaney says he never saw 'intentional destruction of documents' at Trump White House
(DBN)

An armed man tried to force his way into an FBI office in Cincinnati, then 'traded shots' with cops, law enforcement officials said The pro-Trump internet cried 'false flag' after an armed man tried to force his way into an Ohio FBI office Suspect in 'Body Armor' Fires Nail Gun at Law Enforcement in Cincinnati FBI Building, Shoots at Officers During Armed Standoff in Rural Ohio: Reports Gunman threatens agency building in Ohio, sparking shootout days after Trump raid Suspect in 'Body Armor' Dies During Police Standoff After Targeting Cincinnati FBI Building with Nail Gun, Brandishing Rifle, and Fleeing: Reports
(DBN)

How People Get Caught for Self-Managed Abortions—and Who Tips Off the Police ACLU Asks Florida Supreme Court to Review 15-Week Abortion Ban Mother And Daughter Face Criminal Charges After Facebook Divulges Their Conversation About Abortion Americans Suffering from the Fall of Roe
(DBN)

Andrew Cuomo sues New York state over legal bills
(DBN)

'Harvey was an open secret': Disney heiress says the company ignored Weinstein's sexual misconduct when it owned Miramax
(DBN)

Why murder rates rose sharply in the U.S. between 2019 and 2020
(DBN)

Man gets 12 years in case that tested broad search warrants
(DBN)

New Mexico's Muslim community reels from arrest in killings
(DBN)

Cops: Woman Made 11K Calls To Police Line
(DBN)

'Inject Her with Heroin 2 Times Per Day': Doctor Specializing in Newborn Care Turned to 'Dark Web' Plot to Kidnap, Assault and Extort Wife
(DBN)

Woman Busted For Meat Attack On Male Partner
(DBN)

Chalking tires is unconstitutional, federal judge rules, but plaintiffs won't get traffic-ticket refunds as damages
(DBN)

Police Can Legally Set You On Fire Because Someone In The 1800s Made A Copying Error
(DBN)

Heiress Used Fake Psychics to Scam Mom Out of $140 Million in Art, Say Police
(DBN)

NYC Says It Welcomes Migrants. The Reality Is More Complicated.
(DBN)

New York gun bans alarm residents of upstate bear country
(DBN)

______________

Judges:

Far-Right Extremists Are Violently Threatening the Trump Search-Warrant Judge Judge who signed Trump search warrant is targeted; critics seek 'judgment of God' MAGA Media Furious That Federal Judiciary Won't Help Them Track Down Magistrate Who Signed Mar-a-Lago Warrant
(DBN)

Federal judge sanctions Cooley lawyer for 'hubris and disregard of procedural rules'
(DBN)

Pushing Private Judging Out Of The Shadows?
(DBN)

How Republicans rigged Texas's federal courts against Biden
(DBN)

______________

Wall Street:

Stock futures gain as the S&P 500 heads for 4th straight winning week on hope inflation is peaking
(DBN)

Dow ekes out gain Thursday, but stocks end mostly lower in late-session retreat
(DBN)

Bond Traders Dismiss Stock-Market Rally as Misguided Euphoria
(DBN)

If You Work On Wall Street, Your Bonus Is Keeping Your Job
(DBN)

______________

Layoffs:

CEO posts crying selfie on LinkedIn after laying off employees — and it goes viral
(DBN)

______________

Politics:

Trump's bond with GOP deepens after primary wins, FBI search
(DBN)

America's tribes are ready for war Political Threats of Violence Spiral
(DBN)

Pro-Trump backlash to FBI search fuels concern over political violence
(DBN)

GOP Vows Revenge for Trump Probes as Pillar of Congress Takeover
(DBN)

Liz Cheney appealing to Wyoming Dems. Will it make difference? Calls on voters to switch parties to support Liz Cheney Defies Trump's Base With Ads Chiding 2020 Vote 'Lies'
(DBN)

10 House Republicans impeached Trump. Here's where they stand now
(DBN)

Republicans scramble as 'red wave' hits obstacles
(DBN)

Biden met with historians who warned him about threats to democracy and compared the current moment to the pre-Civil War era, report says
(DBN)

House report details grisly threats to election workers
(DBN)

Beto O'Rourke snaps at heckler over Uvalde shooting: 'It may be funny to you mother ------'
(DBN)

Nearly half of Americans say they see misinformation on a daily basis: survey
(DBN)

Renaming Army bases named after Confederate leaders to cost $21M
(DBN)

Whole Foods CEO John Mackey 'concerned' that 'socialists are taking over'
(DBN)

Drug prices could give Democrats a midterms lifeline
(DBN)

____________

Economy:

US unemployment claims rise by 14,000 to 262,000 Weekly Initial Unemployment Claims increase to 262,000 US Jobless Claims Rise Again, Near Highest Since November
(DBN)

With inflation running at a 40-year high, 36% of U.S. adults tapped their savings to cover living expenses: Survey
(DBN)

BofA says cash racing to stocks, bonds as inflation fears ease
(DBN)

The Fed won't slow its rate hikes because the economy is still strong enough to take more tightening, top economist Mohamed El-Erian says
(DBN)

US wholesale inflation fell in July for 1st time in 2 years U.S. producer prices fall for first time since early in pandemic
(DBN)

Inflation is finally slowing down. Will things get cheaper?
(DBN)

Americans' Grocery Bills Set to Reach New Highs on Food Inflation
(DBN)

More states cut taxes on diapers and tampons to ease hit from inflation
(DBN)

Senator Warren Blasts Fed for Withholding Trading Records
(DBN)

Pandemic over? 4 in 10 Americans say life fully back to normal
(DBN)

Rising Food Prices Could Become a Business Risk, Analysts Say
(DBN)

Americans earning $200,000 or more are flocking to these 10 states
(DBN)

Gas-Starved Europe Is About to Get a Pair of Floating LNG Units Germans Brace for Colder Apartments, Dim Streets This Winter Boris Johnson Meets Energy Firms as UK Winter Crisis Looms European Energy Crisis Deepens as Power Prices Reach Records
(DBN)

Remote workers are starting new businesses behind their bosses' backs
(DBN)

Buy now, pay later sounds too good to be true because it is
(DBN)

Astonished Democrats set to clear finish line with climate, tax, health care package
(DBN)

Gov't Analysis: Middle Class Pays Less Taxes Under New Climate Bill
(DBN)

US EV Tax Credit Rules Might Violate WTO
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

The Snowballing U.S. Rental Crisis Is Sparing Nowhere And No One
(DBN)

MBA: "Mortgage Delinquencies Decrease in the Second Quarter of 2022"
(DBN)

Home Affordability Worsens in US as Higher Mortgage Rates Bite
(DBN)

Mortgage Rates Swing Back Up, Hitting 5.22% in Volatile Market
(DBN)

New York City Rents Hit Record Highs Amid Nationwide Housing-Price Increases
(WSJ)

The Fed's Damage To The Housing Market May Last Years
(DBN)

Tepper offers $82M in Rock Hill bankruptcy settlement David Tepper plans to sell Rock Hill team HQ site, pay back creditors, company says
(DBN)

More homebuyers are taking a cue from Elon Musk and Jeff Bezos and buying up real estate to create 'compounds' in their neighborhoods and keep investors out
(DBN)

____________

Municipalities:

Jury can't reach verdict in trial of Flint engineering companies Federal Judge Declares a Mistrial in Defining Flint Water Crisis Case After Deadlocked Jury Cites 'Physical and Emotional Health'
(DBN)

____________

Oil/Gas:

Goldman: $130 Oil, $5 Gasoline by Year End
(DBN)

Gas prices are falling — Here's why it's happening and whether it can continue
(DBN)

Oil demand will get a bigger boost this year as Europe scrambles to burn crude to generate power instead of sky-high natural gas
(DBN)

Shale Profit Bonanza Frees Up Even More Cash to Reward Investors
(DBN)

OPEC Sees Global Oil Market Tipping Into Surplus This Quarter
(DBN)

____________

Tech:

Musk teases launch of Twitter rival as legal battle rages on
(DBN)

____________

Climate:

Las Vegas Has Only 40 Days of Clean Water Left
(DBN)

New Mexico Doesn't Have Enough Water for Everyone
(DBN)

Wildfires spread, fish die off amid severe drought in Europe
(DBN)

'Monster' wildfire incinerates French wine country
(DBN)

Drought Threat Puts Spotlight on England's Chronic Water Leaks
(DBN)

Arctic is warming four times faster than rest of globe, new study says
(DBN)

Lakes Mead and Powell are at the epicenter of the biggest Western drought in history
(DBN)

Rhine River Closure Puts 400,000 Barrels a Day of Oil Trade at Risk What German Companies Are Doing About the Drying Up Rhine
(DBN)

World's Largest Oil Exporter Has to Go Big on Carbon Storage
(DBN)

We talk about heat waves in a weird way
(DBN)

____________

Transit:

'No more car for me': will a $23 toll finally rid Manhattan of gridlock?
(DBN)

New York's MTA Chief Sets a 2023 Goal to Fix Ailing Finances
(DBN)

Onlookers watch in horror as NYC carriage driver whips collapsed horse
(DBN)

____________

Festivals:

Cancellation of Atlanta festival sparks new fight over guns
(DBN)

____________

Bankruptcy Crimes:

Attorney Agrees to Disbarment After Guilty Plea in Bankruptcy Fraud Case
(DBN)

____________

Autos:

Rivian Losses Cross $1.7 Billion
(DBN)

Auto Parts Supplier Ignored 460 Alarms in 3 Hours as Hazardous Chemical Flooded Waterways
(DBN)

____________

Healthcare:

Hahnemann bankruptcy agreement sidelines former owner Joel Freedman and clears way for property sale
(DBN)

For a few community health centers, serving the poor brings big surpluses
(DBN)

Striking drop in stress hormone cortisol predicts Long Covid in US study
(DBN)

CDC official: Several hundred polio cases likely circulating in New York
(DBN)

CDC's new Covid guidelines are intended to keep kids in school
(DBN)

CDC eases Covid guidance, saying U.S. has more tools to fight the virus now C.D.C. Eases Covid Guidelines, Eliminating Quarantines
(DBN)

____________

New Bankruptcy Opinions
(7 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 (11 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)

Professional Compensation:

Chapter 11 Trustee Recovers Enhanced Lodestar for Superior Result
(DBN)

BK ND and SD MS: Increase in "No Look" Fee in Chapter 13 Cases
(DBN)

____________

Bankruptcy Remoteness:

Bankruptcy-Remote Structuring: Reallocating Risk Through Law
(DBN)

____________

Safe Harbors:

SDNY: Murabaha Agreements Do Not Qualify for Safe-Harbor Treatment in Bankruptcy
(DBN)

____________

Ch. 7:

Why Corporations and LLCs Should NOT File Chapter 7
(DBN)

____________

Aviation:

New Bankruptcy Document Chronicles Masten Space Systems' Failed Efforts to Sell Company, Inability to Raise Money
(DBN)

____________

Student Debt:

Student loan forgiveness decision coming before end of August, Biden admin says
(DBN)

____________

Mass Torts:

Johnson & Johnson to stop making talc-based baby powder globally Johnson & Johnson to replace talc-based powder with cornstarch
(DBN)

Florida judge sharply questions 3M bankruptcy strategy, article with image Earplug judge can't stop 3M's bankruptcy plan, company says
(DBN)

3M Earplug Judge Sympathetic to Veterans' Call to Proceed
(DBN)

InfoWars parent sales surge, seeks more flexibility in bankruptcy, article with image
(DBN)

Protect What You Produce: Practical eDiscovery Lessons Learned from the Alex Jones Case
(DBN)

____________

Food/Beverage:

Restaurant reward programs driving sales amid food inflation
(DBN)

Arizona Wendy's worker knocks out elderly customer with sucker punch: video
(DBN)

____________

Crypto:

Crypto Assets in the Voyager Bankruptcy: Can Customers Recover?
(DBN)

Celsius Creditors Move to Block Company From Selling Mined Bitcoin
(DBN)

Will Ripple Emerge As A Saviour For Insolvent Celsius?
(DBN)

Crypto Exchange Hotbit Suspends Service After Law Enforcement Freezes Its Funds, Subpoenas Senior Managers
(DBN)

Crypto platforms say they're exchanges, but they're more like banks
(DBN)

____________

Chemicals:

Bankrupt Chemical Maker TPC Faces Creditor Opposition Over Fundraising
(DBN)

____________

Retailing:

Sears Holdings reaches $175M settlement with Lampert and company
(DBN)

____________

Cosmetics:

Revlon CFO to retire as sales continue shrinking in bankruptcy
(DBN)

____________

Tax:

Yellen tells IRS not to use new funding to increase middle-class audits
(DBN)

____________

Fraud:

Lawyer who named company 'ATM' gets 14 years for £20m fraud
(DBN)

____________

Sovereigns:

Ukraine is deferring payments on $19.6 billion worth of international bonds until 2024 as Kyiv depletes its foreign-currency reserves
(DBN)

____________

UK:

UK's South West Water Warns It May Restrict Water Supply
(DBN)

'We're dealing with people who cannot weather the storm much longer'
(DBN)

____________

Canada:

B.C. Court of Appeal says bankruptcy can't erase millions in monetary sanctions
(DBN)

Canadian Housing Correction Accelerates, Prices Seen Falling 25%
(DBN)

Toronto Power Failure Knocks Out Electricity in Financial Core
(DBN)

CPP posts 4.2% quarterly drop as equity markets slide
(DBN)

Man's $900 trillion claim against government lawyers falls flat
(DBN)

____________

MENA:

Surreal Photos From the Taliban's First Year Back in Power
(DBN)

____________

Russia:

Russia struggles to replenish its troops in Ukraine
(DBN)

Russia now controls at least $12.4 trillion worth of Ukraine's energy, metal and mineral deposits, report says
(DBN)

UN Chief: Military activity around Ukraine nuclear plant must "cease immediately" Russia Stalls on UN Access to Shelled Ukraine Nuclear Plant
(DBN)

Estonia Tightens Russian Visa Rules as Scholz Skeptical of Ban
(DBN)

____________

China:

US-China Rivalry Dividing the World in Two
(DBN)

____________

Argentina:

Argentina Raises Key Interest Rate to 69.5% in Biggest Hike Since 2019
(DBN)

____________

Mexico:

Mexico Raises Key Interest Rate to Highest Ever as Inflation Accelerates
(DBN)

____________

Serbia:

Serbia Raises Rates to 3-Year High as Inflation Pressures Build
(DBN)

____________

Rwanda:

Raging Inflation Spurs Rwanda to Hike Rate by Most Since 2009
(DBN)

____________

Singapore:

Bellwether Singapore buffeted by global headwinds
(DBN)

____________

India:

At 75, India seeks way forward in big but job-scarce economy
(DBN)

____________


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