August 16, 2022

The Daily Bankruptcy News

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Law:

Columbia tops list of law schools charging more than $100K per year
(DBN)

This Biglaw Firm Should Do Associates A Favor And Announce Special Bonuses
(DBN)

California Takes Up Law Firm Ownership Fight After ABA Sidesteps
(DBN)

Lawyer faces 5-month suspension for lying about capital contribution to law firm
(DBN)

Why it helps to have some clients
(DBN)

Bonds Ellis Eppich Schafer Jones Opens Houston Office, Welcomes Three Bankruptcy Attorneys
(DBN)

Fort Worth's Shannon Gracey law firm shutting its doors
(DBN)

NFL's Cincinnati Bengals hire first in-house counsel in team's history
(DBN)

Restructuring Conference Announcement
(DBN)

George Conway says the Mar-a-Lago investigation is the 'shortest distance between Trump and an orange jumpsuit' DOJ Says Unsealing Probable Cause Affidavit for Trump Search Warrant Could 'Chill' Cooperating Witnesses DOJ urges judge to keep Trump affidavit sealed to protect national security investigation Espionage Isn't the Strongest Case Against Trump. It's Simpler Than That The 11,295 Trumpworld Excuses For Keeping Classified Documents ... SO FAR! Trump now claims FBI agents seized three of his passports during the Mar-a-Lago raid Former US intel officer says Mar-a-Lago is 'nightmarish environment' for secret documents and that they needed to be taken back Top lawmakers seek intelligence assessment of documents from Mar-a-Lago FBI search of Mar-a-Lago raises critical national security questions: Sources FBI warns of heightened threats as Hill Republicans demand more from Garland on Mar-a-Lago search Trump allies on House Judiciary Committee ask Biden officials to save records related to Trump search warrant Need to know: The rarified world of the government's most closely guarded secrets Trump's DOJ won a 2018 case that undermines claims about his broad declassification powers 'Nothing Trump said was accurate': CNN fact checker shreds former president's claims that Obama stole secret docs Trump says temperature 'has to be brought down' after FBI search, then repeats attacks Bolton: Trump explanations on classified documents show 'real level of desperation' Insane Partisanship And The Trump Search Warrant GOP governors rebuke party members' 'outrageous rhetoric' over Trump search
(DBN)

Pennsylvania Man Accused of Posting Threats on Social Media to Kill FBI Agents
(DBN)

Merrick Garland Weighed Search of Trump's Mar-a-Lago for Weeks
(WSJ)

Trump Org Chief Expected to Plead Guilty Trump Executive Weisselberg in Plea Talks to Resolve Tax Case
(DBN)

Jonathan Turley Reminds Us That Bill Clinton Took A Couch So Donald Trump Should Be Able To Take Nuclear Codes
(DBN)

Lindsey Graham Must Testify in Georgia Election Case, Judge Rules
(DBN)

Giuliani's A Target, Lindsey's A Witness, And Trump's ... Afraid
(DBN)

Giuliani told he's a target of Georgia probe
(DBN)

'You're Not Patriots': Judge Questions Sincerity of Guilty Plea After Jan. 6 Defendant Recites Pledge of Allegiance, Shifts Blame to Cops at Sentencing
(DBN)

Iranian official says Rushdie to blame for attack
(DBN)

This is what it's like to move an abortion clinic from Texas to New Mexico 2 top state courts issue conflicting rulings over abortion restrictions
(DBN)

Scorned woman takes out full page newspaper ad to shame 'filthy cheater' husband – and how she paid for it is amazing
(DBN)

Family Unwittingly Buys Suitcases Filled With Dismembered Bodies at Storage Unit Auction
(DBN)

R Kelly trial on whether he fixed 2008 trial set to start
(DBN)

2 former cops awaiting trial in George Floyd case reject plea deal
(DBN)

'I Need a Break': Ex-Fire Captain Repeatedly Leaves Witness Stand While Testifying in Vanessa Bryant's Suit Against Los Angeles County
(DBN)

'Cold, cold blood': why were eight Ohio relatives killed the same night?
(DBN)

Roy Moore Wins $8.2 Million Dollar Victory Against Democratic Super PAC Over '14-Year-Old Santa's Helper' Advertisement
(DBN)

Evidence ties the son of the suspect in the New Mexico Muslim killings to the crimes, authorities allege
(DBN)

Police: Boyfriend Jailed After Felonious Cheeseburger Battery At Burger King
(DBN)

'Sorry Not Sorry, Y'all Are F****ts': Texas Business Owner Faces Hate Crime Case After TikTok Parking Dispute Goes Viral
(DBN)

Virginia project hopes inmates recognize cold-case victims on playing cards and offer information
(DBN)

FBI Agents Almost Arrested Brad Pitt
(DBN)

Health care workers fired over vaccine mandate awarded $10 million in settlement
(DBN)

Amber Heard Just Dumped Her Lawyer
(DBN)

______________

Judges:

Trump Appointed Hundreds of Judges. Fear of Their Rulings May Be Holding Back Biden on Executive Orders
(DBN)

Courthouse made excuses for 'creepy' behavior from judge accused of sexual harassment, former intern says
(DBN)

Trump-appointed judge says 9th Circuit playing 'dirty' to prevent deportations
(DBN)

Egregiously Wrong: The Supreme Court's Unprecedented Turn
(DBN)

______________

Wall Street:

Stock futures are little changed
(DBN)

Every Wall Street Trend Goes Haywire as Stock Bears Are Crushed
(DBN)

S&P 500 closes higher on Monday, building on its four-week win streak
(DBN)

Wall Street bonuses are too small for many
(DBN)

______________

Layoffs:

HBO and HBO Max are reportedly laying off 70 production staffers HBO Lays Off About 70 Staffers in Latest Round of Merger Cuts
(DBN)

ProJo parent cuts staff after $54M Q2 loss
(DBN)

Apple Lays Off Recruiters as Part of Its Slowdown in Hiring
(DBN)

______________

Crypto:

The Crypto Geniuses Who Vaporized a Trillion Dollars
(DBN)

Winter in June: Distress in the Crypto Industry and Potential Regulatory Responses
(DBN)

Crypto Lender Celsius On Pace to Run Out of Cash by October Celsius' Net Liabilities Surpass $2.8 Billion – New Bankruptcy Filing Celsius Creditors Get Chance To Ask Where The Money Is Going Alex Mashinsky took control of Celsius trading strategy months before bankruptcy
(DBN)

Voyager customers beg a New York judge for a refund after bankruptcy Voyager customer lost $1 million saved over 24 years and is one of many desperate to recoup funds
(DBN)

Investors Ask Asian Crypto Exchange's CEO To Step Down, Bankrupt Exchange In Potential Fundraising Talks
(DBN)

Crypto Says Institutions Are Back, Though Retail's Got Cold Feet
(DBN)

Bitcoin Miners Are in Distress
(DBN)

Crypto audits are a practice in faith, less math
(DBN)

Crypto Rules Crackdown Looms for $150 Billion Stablecoin Market
(DBN)

Investors In Crypto Exchange Zipmex Seek CEO Lim's Resignation
(DBN)

Crypto lender Hodlnaut applies for judicial management to avoid forced liquidation of its business Crypto Lender Hodlnaut Seeks Creditor Protection in Singapore
(DBN)

Crypto community split on Treasury's Tornado Cash sanctions
(DBN)

Sri Lankans make crypto Ponzi scam claims
(DBN)

Crypto skeptics have been debating online for years. Now they're organizing.
(DBN)

Furious Lenders and A $150 Million "much Wow" Boat Are Left in The Wake of The Bankruptcy of A Cryptocurrency Hedge Fund
(DBN)

____________

Labor:

Starbucks asks labor board to suspend mail-in ballot union elections, alleging misconduct in voting process
(DBN)

____________

Agribusiness:

Northeastern farmers face new challenges with severe drought
(DBN)

____________

Transit:

The Pandemic Wasn't Supposed to Hurt New York Transit This Much
(DBN)

____________

Politics:

Abbott Holds Lead in Texas Poll, GOP's Embattled Paxton in Tie
(DBN)

The Untold History of the Biden Family
(DBN)

Liz Cheney's political life is likely ending — and just beginning What's driving the Liz Cheney presidential speculation? Liz Cheney's Chances of Becoming GOP's Presidential Candidate 2024 Liz Cheney Braces for Today's Election Loss
(DBN)

Larry Summers emerges as the unlikeliest Democratic hero
(DBN)

Ted Cruz under fire for crude joke saying Elizabeth Warren 'could' have a penis
(DBN)

A Year After QAnon Surfer Killed His Kids, Members of His Church Fear More Violence
(DBN)

____________


Economy:

Four High Frequency Indicators for the Economy
(DBN)

Roubini Sees Either US Hard Landing or Uncontrolled Inflation
(DBN)

Eight crises that provided key lessons for the Fed
(DBN)

Goldman sees a 'feasible but difficult path' for the Fed to defeat inflation without a recession
(DBN)

New York Manufacturing Plunges by Second-Most in Data to 2001
(DBN)

Fed faces balance sheet dilemma as U.S. economy slows
(DBN)

Did Covid earn workers more paid sick days and childcare? The data is scant
(DBN)

All the reasons a dozen eggs now costs up to 38% more than one year ago
(DBN)

Egg Prices Are Falling Fast in Relief for US Consumers
(DBN)

Stores and suppliers clash over price hikes as shoppers hit by sticker shock
(DBN)

'Big Short' fund manager Burry dumps portfolio, buys prison stock
(DBN)

Scope of EU Ban on Russian Coal and Fertilizers Jolts Insurers Moscow Court Launches Bankruptcy Proceedings For RFE/RL's Entity in Russia Germany Sets Surcharge for Homes to Share the Cost of Gas Surge Protests Against Soaring Energy Bills Spread Through UK, and CEOs Are Taking Notice European Gas Edges Higher as Heat, Drying Rivers Drive Demand German Power Prices Soar to Record as Energy Crisis Deepens Russia's Crude Shipments to Asia Tumble to Post-Invasion Low German Refinery Reliant on Russia Is Now Using Oil From the US Russia Unplugs Foes, Rewards Friends in Latest Market Reboot Russia's Oil Resilience Faces a Much Bigger Test as EU Ban Looms Banks Offer to Facilitate Russian Bond Trades, Reuters Reports Former USSR Member Looks to Ban Russian Language in Blow to Putin How Germany is scrambling to save energy Philippines in talks to buy U.S. helicopters after dropping Russia deal Bayer says it will continue supplying Russia with agricultural inputs JPMorgan, BofA Are Among Banks Moving Back Into Russian Bond Trading Germany is building a gas tax to protect its energy system from bankruptcy 'Floundering, not drowning': Russia's economy is withstanding sanctions onslaught — for now Germany Scrambling to Save Energy Turkey is openly boasting that vehicle trade with Russia has surged as its exports to Russia hit an 8-year high European Gas Jumps Amid Rising Demand and Moscow's Supply Grip
(DBN)

With Junk Debt Proving Hard to Shift, Banks Try Rebranding Their Loans
(DBN)

States that are hostile toward abortion face backlash from corporations. What about startups?
(DBN)

U.S. freight rates have likely peaked in another sign that inflation is easing
(DBN)

If the Job Market Is So Good, Why Is Gig Work Thriving?
(DBN)

Jamie Dimon: There's 'truth' to China's claim US is 'incompetent and lazy'
(DBN)

America's youngest adults are charting a more pragmatic and thoughtful approach toward education, work and saving.
(DBN)

Apple tells employees to work at the office three times per week starting in September
(DBN)

World Food Crisis is About to Get Worse
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

'I was in shock': California rents are spiking — and in places you might not expect
(DBN)

US Homebuilder Confidence Hits Worst Slump Since 2007 Collapse Homebuilder confidence dips for eighth straight month
(DBN)

MBA Survey: "Share of Mortgage Loans in Forbearance Decreases to 0.74% in July"
(DBN)

Homebuilders say U.S. is in a 'housing recession' as sentiment turns negative NAHB: Builder Confidence Turns Slightly Negative in August
(DBN)

Housing Inventory August 15th Update: Up 30.3% Year-over-year
(DBN)

NIMBY Marc Andreessen Gives WeWork's Adam Neumann $350 Million to, Uhh, Solve the Housing Crisis
(DBN)

____________

Municipalities:

Puerto Rico Power Utility Takes More Time to Reach Debt Deal
(DBN)

____________

Oil/Gas:

Altera Infrastructure files for Chapter 11 Offshore Energy Service Company Altera Files Pre-Arranged Bankruptcy Altera Infrastructure executes Restructuring Support Agreement with majority of secured lenders, enters Chapter 11 to strengthen capital structure and position for long-term growth
(DBN)

Oil Sinks to Six-Month Low on China Outlook, Iran Supply Boost
(DBN)

Oil industry gears up to tap U.S. climate bill for carbon capture projects
(DBN)

____________

Nursing Homes:

Receiver appointed for 8 nursing homes in 'dire' financial position
(DBN)

____________

Mass Torts:

Major bankruptcy case hits Indianapolis as veterans claim combat earplugs were faulty Dueling courts weigh controversial 3M-driven bankruptcy over military earplug litigation
(DBN)

Judge Knocks 3M Bankruptcy Strategy for Military Earplug Lawsuits
(WSJ)

Case against Alex Jones can proceed, Connecticut judge says Alex Jones will face second defamation battle against Sandy Hook victims' families Shamed Infowars host Alex Jones is still living the high life as he is seen smooching with his wife at pricey Omaha restaurant just a week after he was ordered to pay almost $50 million Why Alex Jones' lead attorney in CT is facing punishment in Sandy Hook defamation trial
(DBN)

Camden Diocese Insurers Granted Permission to Challenge Bankruptcy Plan
(WSJ)

Boy Scouts walk back $250 mln abuse settlement with Mormon church
(DBN)

____________

Food/Beverage:

Restaurant Meals Become a Relative Bargain as Grocery Prices Soar
(WSJ)

California could transform how fast food workers are treated
(DBN)

____________

Education:

After 4 Years of College, Too Many Students Don't Know Where to Go Next
(DBN)

America's kids unmasked two years later: Examining COVID mandate consequences as students return to class
(DBN)

So-called 'Don't Say Gay' law confuses some Florida schools
(DBN)

____________

Student Debt:

Biden's student loan waiting game drags on
(DBN)

Biden's Education Department took an 'enormous step' toward helping student-loan borrowers who have been shut out of debt relief, 23 Democratic senators say
(DBN)

____________

Movie Theaters:

How AMC could stage a comeback in 2022
(DBN)

____________

Cosmetics:

Citi Sues Revlon Over Lender Status After $900 Million Mistake
(DBN)

Weissmann Out at Perelman's Company as Revlon Adds Legal Chief
(DBN)

Morgan Stanley makes big bet on meme-stock Revlon
(DBN)

____________

Tech:

Chipmakers' Pandemic Boom Turns to Bust With Recession Looming
(DBN)

____________

Autos:

Drivers now pay an average $702 per month for new cars. Why that record high was 'inevitable'
(DBN)

Biden to sign law on Tuesday cutting most current EV credits New Credits to Radically Change Buying EVs
(DBN)

____________

Non-Profits:

Board member says NRA in 'survival mode,' trying to avoid 'criminal prosecution'
(DBN)

____________

Healthcare:

Want affordable health care? Make hospitals comply with posting prices online
(DBN)

The best and worst states to have a baby: report
(DBN)

UK Takes World's First Step Toward Omicron-Tailored Covid Shot British Regulators Authorize Moderna's Updated COVID-19 Booster
(DBN)

'Left to rot': The lonely plight of long Covid sufferers
(DBN)

The Medical Crisis that Finally Convinced Republicans in North Carolina to Expand Medicaid
(DBN)

Meth use is driving overdose epidemic in rural America — not opioids
(DBN)

Monkeypox misinformation is spreading faster than the virus, experts say
(DBN)

____________

 


New Bankruptcy Opinions
(4 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (4 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (5 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:

 

______________

IP:

Intellectual Property And Bankruptcy
(DBN)

____________

Miscellaneous:

Paul Weiss: Restructuring Department Bulletin
(DBN)

____________

Aviation:

Business Travel Won't Hit $1.4 Trillion Pre-Pandemic Level Until 2026
(DBN)

Heathrow Airport to extend limit on flights till October
(DBN)

Couple Tracking Lost Luggage's Journey With Apple AirTag Wows Viewers
(DBN)

Five Reasons New Airlines Form In A Crisis
(DBN)

____________

Climate:

California Braces for 109-Degree Heat That Will Test Power Grid
(DBN)

The U.S. could see a new 'extreme heat belt' by 2053
(DBN)

AP-NORC poll: Many in US doubt their own impact on climate
(DBN)

Deadline looms for drought-stricken states to cut water use Tensions grow over lack of a water deal for the shrinking Colorado River Colorado River Cuts Coming for Arizona, Nevada, and Mexico
(DBN)

CA: 4 Million Told to Stop Watering Lawns
(DBN)

European Wildfires Have Burned Areas Equal to Half of Northern Ireland
(DBN)

Rhine River Water Level Slips Further at Key German Waypoint Rhine River Is Set to Stay Low at Key Waypoint in Coming Days
(DBN)

China Joins Europe in Facing Threats From Worsening Drought
(DBN)

The Inflation Reduction Act Is a Climate Bill. Just Don't Call It One.
(DBN)

Fifth Water Company Announces Hosepipe Ban as Drought Parches England
(DBN)

World Embraces Dirtier Fuels as Gas Hits Exorbitant Heights
(DBN)

Europe on course for new wildfire record this year
(DBN)

Spain Bans A.C. Below 80 Degrees During Record-Setting Summer Heat
(DBN)

More than 100 million Americans will be exposed to extreme heat by 2053
(DBN)

Climate Catastrophe Is Coming. But It's Not the End of the Story.
(DBN)

Climate Bill Compromises Leave a Sour Taste With Activists
(DBN)

New climate deal spurs hopes of more carbon storage projects
(DBN)

____________

Coal:

Coal Miner Seriti Buys Windlab in Shift to Renewable Energy
(DBN)

'Shocked and disheartened': How coal country is reacting to Manchin's climate deal
(DBN)

____________

Fraud:

Prosecutors Struggle to Catch Up to a Tidal Wave of Pandemic Fraud
(DBN)

____________

Sovereigns:

Sri Lanka Collapsed First, but It Won't Be the Last
(DBN)

S&P pushes Sri Lankan bonds deeper into junk territory with 'default' rating
(DBN)

____________

UK:

UK Worker Shortage Leaves £60 Million of Food to Rot in Fields
(DBN)

UK real wages decline at record rate as inflation soars
(DBN)

PwC UK Scraps University Degree Requirement to Boost Diversity
(DBN)

From pandemic heroes to underpaid workers, UK bus drivers revolt
(DBN)

Liverpool Dock Workers Back Strike Over Pay in Threat to Trade
(DBN)

'Unbearable' UK Energy Bills Divide Politicians Seeking Solution
(DBN)

UK Pauses Overseas Aid Payments Amid Concerns About Overspending
(DBN)

Food Bills Rise as UK Inflation Hits Highest Level Since 2008 UK Economists See Growing Recession Risk With Jump in Inflation
(DBN)

UK Job Vacancies Fall in Early Sign Labour Market May Weaken
(DBN)

____________

EU:

Welcome to Europe's inflation hot spot
(DBN)

____________

Canada:

B.C. Court of Appeal upholds ruling that bankruptcy can't erase millions in penalties
(DBN)

____________

MENA:

Taliban's Rule Batters Afghanistan Year After US Departure Afghan opposition 'very weak' despite mounting anger against Taliban Afghanistan's staggering set of crises, explained One Year Later, Life Under Taliban Rule is Brutal 800 Americans evacuated from Afghanistan since Taliban takeover No one has been held accountable for the catastrophic Afghanistan withdrawal Burned Uniforms and Tossed Luggage: Kabul's Chaotic Fall Afghanistan suffering 'one of the world's worst humanitarian crises' under Taliban Afghanistan withdrawal began Biden's political slide Former Afghan president agrees Trump's deal with Taliban on US withdrawal was a disaster The Taliban Vowed to End Afghanistan's Heroin Trade. What Happened Next? Powerful Photos That Defined the Taliban's Return in Afghanistan
(DBN)

Israeli Inflation Exceeds All Forecasts, Hits Highest Since 2008
(DBN)

____________

Nigeria:

Inflation at 17-Year High as Bread, Gas Costs Soar
(DBN)

____________

China:

China Shocks With Rate Cut as Data Show 'Alarming' Slowdown China unexpectedly cuts 2 key rates, withdraws cash from banking system
(DBN)

China's economy slows as 'zero COVID' drags down sales, industry
(DBN)

So, Just How Bad Is China Right Now, Really?
(DBN)

Chinese Developer Bonds and Stocks Soar on Reports of State Help
(DBN)

Panic in Ikea as Shanghai Locks Down Store on Remote Covid Risk
(DBN)

China's Growth Seen Weakening in Months Ahead, Economists Say
(DBN)

US Congress Forces Joe Biden Toward Risky Faceoff With China Over Taiwan Angry China stages more drills near Taiwan as U.S. lawmakers visit
(DBN)

Hong Kong Watchdog Investigates Evergrande Over Deal Audits
(DBN)

____________

Russia:

Six Weeks of 'Hell': Inside Russia's Brutal Ukraine Detentions Austria commits to neutrality, even as Russia destroys Ukraine The focus of fighting shifts to Ukraine's south Russia building prison 'cages' to parade captured Ukrainian soldiers in Mariupol show trial Ukraine Forces Say They Wiped Out Elite Wagner HQ in Donbas Why Putin's Private Army Is Snatching Kids From Their Moms Putin knows he's made a 'grave mistake' invading Ukraine but will never admit it, says former NATO commander Russians, Ukrainians again trade blame for new shelling near nuclear power plant 42 countries and EU urge Russia to remove military from nuclear plant Russia says it will facilitate IAEA visit to Ukrainian nuclear plant

(DBN)

Brittney Griner's defense team appeals WNBA star's drug conviction in Russia
(DBN)

Billions in U.S. Aid Vanished in Afghanistan, Will Ukraine Be the Same?
(DBN)

____________

Netherlands:

Special Issue NIPR Cross-Border Insolvency
(DBN)

____________

Mexico:

Mexico Arrested 167 Cartel Members at Once. It Did Not Go Well.
(DBN)

____________

Japan:

The Restructuring Review 15th Edition - Japan Chapter
(DBN)

____________

Australia:

Tough Times Ahead Warns CEO of Australia's Largest Pension Fund
(DBN)

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