August 17, 2022

The Daily Bankruptcy News

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Law:

An 'Eye-Popping' Law School Price Tag To Match Biglaw's 'Eye-Popping' Salaries
(DBN)

Inappropriate Compensation For First-Year Law Firm Associates?
(DBN)

The Politics Of Bar Admission: Lessons From The Pandemic
(DBN)

Freshfields ups office days for UK lawyers
(DBN)

Big Law Talent Poachers Wrestle to Keep Star Hires on Board
(DBN)

We Finally, Really, May Be Nearing The End Of The Dewey & LeBoeuf Case
(DBN)

The Biglaw Firms With The Best Compensation For Women (2022)
(DBN)

Law firm profits sag amid rising costs and slowing demand, Wells Fargo finds, article with image
(DBN)

Why Quiet Quitting Is Simply A Signal That Workplace Burnout Is Real
(DBN)

The Rise Of The Suburban Law Firm?
(DBN)

Savills U.S. Law Firm Activity Report Q2 2022
(DBN)

Federal prosecutor reaches settlement over discrimination in US attorney's office
(DBN)

Top Democrats say Trump-appointed inspector general is not helping with inquiry into missing Secret Service texts House Dems put the subpoena squeeze on over Secret Service's missing Jan. 6 text messages Virginia Cop Fired After Breaching Capitol on Jan. 6 Gets Lighter Sentence for 'Fulsome' Cooperation with Feds, Testimony Against Former Mentor 'Texas Pleather' Man Accused of Confronting Police Inside Capitol on Jan. 6 and Tipped Off to Feds by Ex-Girlfriend Pleads Guilty to a Felony Pennsylvania Woman Accused of Stealing Nancy Pelosi's Laptop Gets Reprieve from Home Detention to Attend Renaissance Faire
(DBN)

Trump's passports returned after Mar-a-Lago search, DOJ official says Trump Lawyer Threatens 'Mayhem,' Demands To Know Who's Snitching To The Government 'Outright Lunacy': Lawyers React to Trump Attorney's Suggestion to Potentially 'Uncover' Witnesses Behind Mar-a-Lago Search Florida judge to hold hearing Thursday on request to unseal Mar-a-Lago affidavit Michael Cohen says Trump likely kept classified documents at Mar-a-Lago as a 'bargaining chip' to avoid any potential jail time Trump attacks the DOJ and a Florida judge hours after saying that anger around the Mar-a-Lago raid had gone too far Graham pushes for release of Trump search affidavit: "We're flying blind" 'Viper' Merrick Garland's Trump FBI Raid Is Only the 'First Inning' You Don't Have to Be a Spy to Violate the Espionage Act Tucker Carlson: Trump 'obviously' going to be indicted Man charged with threats to kill FBI agents after Mar-a-Lago search Trump Steamrolls His Way Past Accountability. The Mar-a-Lago Search Might Be Different Declassification Claim May Not be So Crazy Thoughts on the Mar-a-Lago Search and the President's Classification and Declassification Authority Trump attorney: Inventory list from Mar-a-Lago search 'borderline worthless' Former White House lawyers interviewed by FBI over Mar-a-Lago documents Trump warns 'terrible things are going to happen' in US after 'sneak attack' FBI raid If Trump is convicted for violating the Espionage Act and two other federal laws, he could face up to 33 years in prison, legal experts say A Timeline of Trump's False and Misleading Statements on the Mar-a-Lago Search
(DBN)

Trump is privately pushing the theory the attack on an Ohio FBI office by a Trump supporter was a false flag, report says
(DBN)

Trump is rushing to hire seasoned lawyers — but he keeps hearing 'No'
(DBN)

Trump's Truth Social — where users called for violence against FBI agents — notes in its fine print that it would turn over user information to the feds Trump supporters calling for violence and 'war' against the FBI could face criminal charges for their online vitriol, ex-law enforcement says
(DBN)

Hannity: Trump felony charge 'not a disqualification' from seeking presidency
(DBN)

Spike in FBI threats unsettles the right "Defund the FBI" complicates GOP's midterm messaging
(DBN)

Giuliani on being told he's target of election probe: 'We're starting to live in a fascist state' Giuliani 'Nervous' Over Georgia Investigation, Former Aide Says: His Goal Now 'Is To Die a Free Man'
(DBN)

Georgia election data copied under direction of Trump attorney
(DBN)

Former Rep. T.J. Cox arrested by FBI in California
(DBN)

Second attempt to recall Los Angeles prosecutor George Gascón fails to make ballot
(DBN)

Judge won't ban potential jurors who watched 'Surviving R. Kelly' docuseries
(DBN)

Florida court blocks teen from getting abortion, must continue pregnancy Parentless 16-Year-Old Hasn't Proven She's 'Mature' Enough for an Abortion, Florida Judges Rules US Asks Judge to Dismiss Texas Suit Over Emergency Abortion Rule New Biden abortion rights push addresses both women and men A Louisiana mother said she was denied an abortion despite her baby likely being unable to survive due to rare condition: 'I'm carrying it to bury it'
(DBN)

Asian Americans are buying guns in record numbers
(DBN)

Alabama put inmate through '3 hours of pain and suffering' in 'longest execution ever'
(DBN)

TX: CPS Workers Tells Teen to be a Hooker
(DBN)

Police used a NJ baby's mandatory blood sample to pursue a criminal case. Public defenders and a newspaper are now teaming up to sue over privacy concerns.
(DBN)

FBI rescues more than 200 trafficking victims, including 84 children, in "Operation Cross Country"
(DBN)

Alec Baldwin Suggests He Was 'Fanning' Revolver During Film Set Shooting: 'Only' Question Is 'Who Put a Live Round in the Gun'
(DBN)

LA County Sheriff's Deputy Admits Sending Kobe Bryant Crash Photos to Fellow Deputy While Playing 'Call of Duty' Was A 'Very Callous Mistake' LA County Sheriff's Chief Apologizes to Vanessa Bryant During Trial Over Sharing of Helicopter Crash Photos
(DBN)

______________

Judges:

Bankruptcy Court in Delaware Weighing In-Person Chapter 11 "Mechanics"
(DBN)

Biden's Supreme Court Commission Members Still Await Response
(DBN)

Term limits for justices gain new attention, but prospects for passage remain dim
(DBN)

The Grace and Promise of Justice Ketanji Brown Jackson
(DBN)

Groups call on judge to clear way for first Latino on upstate New York court
(DBN)

New York man arrested and charged with assault after attack at courthouse
(DBN)

Justice Kavanaugh's Protege on D.C. Circuit Issues First Amendment Ruling in Favor of Federal Judicial Branch Agency Employees
(DBN)

Judge rejects plea deal in spy case because sentences weren't harsh enough
(DBN)

A Christian Nationalist Court Is Strangling Us
(DBN)

______________

Wall Street:

Stock futures fall as Wall Street rally looks to take a breather after Dow's 5-day winning streak
(DBN)

S&P 500 near unchanged
(DBN)

Bed Bath & Beyond's 75% Surge Extends Huge Rally, Defies Bears
(DBN)

The Market Is About to Get Inflation Wrong for the Second Time
(DBN)

The stock market hit a bottom in June but it will drop again if the Fed hikes rates to 4% or beyond, says Wharton Professor Jeremy Siegel
(DBN)

______________

Layoffs:

Best Buy reportedly cuts store jobs
(DBN)

Sema4 lays off 250 employees
(DBN)

ThredUp Lays Off 15% of Corporate Workforce
(DBN)

Cannabis advertising company Weedmaps lays off 10% of staff
(DBN)

______________

 

Student Debt:

Biden administration cancels $3.9 billion in student debt for 208,000 borrowers Education Department wipes out $4 billion in ITT Tech student loans.
(DBN)

The CEO of a major student-loan company says 'it's hard for us to believe' Biden won't extend the debt payment pause 'given where we are in the calendar' Student-loan borrowers will know 'soon' if the debt payment pause will be extended before it expires in 2 weeks, Biden's Education Secretary says
(DBN)

Fiscal watchdog argues against Biden student debt action
(DBN)

____________

Politics:

Study: What Americans really think
(DBN)

'She has to have an endgame': Cheney faces her Trump-backed challenger in Wyoming Cheney facing GOP music in Wyoming primary Liz Cheney's primary is all about Donald Trump — except in Wyoming Lawyer Set to Defeat Cheney Spent Career Fighting Environmental Rules Liz Cheney may lose Wyoming primary but says it's the "beginning of a battle" that will go on Liz Cheney loses GOP primary to Trump-backed Harriet Hageman Liz Cheney pays the price for taking on Trump
(DBN)

New leaks show Pence allies 'might be slipping the shiv' into Trump: columnist
(DBN)

Demings up by 4 points in challenge to Rubio: poll
(DBN)

Trump surprises some Republicans with endorsements
(DBN)

A new, powerful signal that Dems' midterm hopes aren't lost
(DBN)

Republicans plot subpoenas tied to Afghanistan withdrawal
(DBN)

NBA won't play on Election Day
(DBN)

Marjorie Taylor Greene Tells Republicans to Do a Little Bit of Voter Fraud
(DBN)

Conservative nonprofit plans to spend millions bashing 'woke' left in midterms
(DBN)

Arizona GOP secretary of state nominee kept 'Treason Watch List' and posted about stockpiling ammo
(DBN)

The Jaw-Dropping Moment Trump-Backed Candidate Reveals He Thinks 'Banana Republic' Refers to the Store
(DBN)

Sarah Palin advances to November election for Alaska's U.S. House seat
(DBN)

Sen. Lisa Murkowski, Trump-backed foe advance to general election
(DBN)

Poll: Most Texans think state headed in wrong direction
(DBN)

TX: Elections Chief Resigns on Death Threats
(DBN)

____________


Economy:

The world's economic engine is sputtering Clouds gather over the world economy
(DBN)

Holes in the Recession Story
(DBN)

How Loan Market Concentration Hurts Distressed Corporate Borrowers
(DBN)

'Dr. Doom' economist sees 'hard landing' or rampant inflation for US economy
(DBN)

Industrial Production Increased 0.6 Percent in July US Factory Output Increases for First Time in Three Months
(DBN)

The electric car Battery Belt is reshaping America's heartland
(DBN)

US Economy Faces 'Lot of Uncertainty' in Coming Year, White House's Deese Says
(DBN)

Finally, U.S. inflation slows, but will the reprieve last?
(DBN)

Why Americans are so confused about what's happening with inflation
(DBN)

Sky-high inflation is driving America's wealthy families to Walmart
(DBN)

S&P 500 industrial and consumer stocks face the biggest hit from a pickup in labor costs as the US sees the tightest job market since World War II, Goldman Sachs says
(DBN)

Jim Chanos Says Market Believes Fed Will Ease in Early 2023
(DBN)

The American Splurge on Merchandise Is Grinding Slowly to an End
(DBN)

More Than 75% of US Businesses Prefer to Hire Freelancers in Uncertain Economy
(DBN)

'COVID? What COVID?' More and more people say they've returned to normal.
(DBN)

Axios-Ipsos poll: Vacations trump COVID worries
(DBN)

Remote Work Is Hurting Productivity, New York-Area Firms Say
(DBN)

Welcome to the office, Gen Z. You're the only one here.
(DBN)

Corporate culture in the age of remote working
(DBN)

Royal Bank of Canada Asking Employees to Come to the Office More
(DBN)

Climate bill could create 1,000 new companies, says investor at Gates climate VC
(DBN)

Biden's new corporate tax hike won't hurt most U.S. companies
(DBN)

The U.S. supply chain is now facing two trade hurdles
(DBN)

Visualized: The Value of U.S. Imports of Goods by State
(DBN)

Russia's economy gets boost from wartime grain shipments German households face levy of hundreds of pounds on gas bills German recession fears deepen as economy is hit by 'perfect storm' Germany inks deal with natural gas suppliers to keep terminals stocked through the winter as Europe prepares for deeper cuts to energy supplies Biden administration plans Russian oil price caps to fight inflation Europe's worsening energy crisis pushes Germany to postpone the closure of its remaining nuclear plants, report says Russia's ruble sinks as Moscow allows 'friendly' countries to re-enter the bond market Russian gas exports slump by a third in blow to Putin Heat Wave Intensifies Energy Crisis in Europe IKEA to liquidate Russian unit as part of sanctions-led pullout Russia warns of winter pain as gas prices hit new records Uniper Posts 12 Billion-Euro Loss in a Glimpse Into Crisis RWE Seeks Debt Funding as Europe's Energy Crunch Deepens
(DBN)

Trump once again says economic data is fake news
(DBN)

Biden signs Inflation Reduction Act into law, setting 15% minimum corporate tax rate
(DBN)

The jobs that make each generation happiest
(DBN)

4 underrated parts of the Inflation Reduction Act
(DBN)

A $379 Billion Hole Emerges in Developing Nations' War Chests
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

Why rents are soaring pretty much everywhere in the U.S.
(DBN)

Lawler: Early Read on Existing Home Sales in July
(DBN)

Mortgage apps decline 2.3% to the lowest level since 2000
(DBN)

July Housing Starts: Units Under Construction Declined Slightly Housing Starts Decreased to 1.446 million Annual Rate in July US Housing Starts Decline to Lowest Level Since Early 2021
(DBN)

New Construction Continues Downward Trend Amid Housing Slowdown
(DBN)

Homebuyers are backing out of more deals as recession fears linger
(DBN)

US home prices could sink as much as 15% in a market crash but a moderate downturn is still more likely, Fitch says
(DBN)

The 12 least affordable housing markets in the U.S.
(DBN)

Is the 'home price correction' coming for your housing market? These interactive maps show Moody's 2023 and 2024 forecasts
(DBN)

How to Investigate Your Next New York Apartment Like a Reporter
(DBN)

Ex-WeWork CEO sets sights on housing market with new startup
(DBN)

____________

Municipalities:

PREPA deadline extended to Sept. 9
(DBN)

____________

Oil/Gas:

Altera Starts Chapter 11 Process To Ease Debt Restructuring
(DBN)

Oil prices drop as positive signals on Iran nuclear talks raise the prospect of a massive supply influx
(DBN)

OPEC not to blame for soaring inflation, new chief says
(DBN)

U.S. Shale Faces More Than $10 Billion In Hedging Losses
(DBN)

Big Tech Helps Big Oil Pump More, Belying Climate Pledges
(DBN)

Oil majors' climate visions 'inconsistent' with Paris targets
(DBN)

Dodge discontinuing gas-powered muscle cars
(DBN)

____________

Crypto:

Largest Bitcoin Miners Lost Over $1 Billion During Crypto Crash
(DBN)

Celsius CEO Was Controlling Trades Leading Up To Bankruptcy Bankrupt Celsius Lost Users' Funds Trading Bitcoin at CEO Alex Mashinsky's Request: Report
(DBN)

Celsius is conducting its own misconduct investigation as customers tell a bankruptcy court that the company's founders misled them
(DBN)

Bankrupt Crypto Lender Celsius Considers Financing Proposals
(DBN)

Bankrupt Crypto Lender Celsius Gets Cash-Injection Offers, Approval to Sell Mined Bitcoin Bankrupt Crypto Lender Celsius Gets Cash-Injection Offers, Approval To Sell Mined Bitcoin
(DBN)

Crypto Nomads Move Back to Big Cities Like London, New York in Bear Market
(DBN)

Crypto's downturn has taken a toll on another sector: scammers
(DBN)

Crypto Hackers Have Stolen Nearly $2 Billion This Year
(DBN)

Why Coinbase's Balance Sheet Has Massively Inflated
(DBN)

____________

Education:

DeSantis wants cops, other first responders to help fill teaching vacancies
(DBN)

Judge refuses to toss financial aid lawsuit against top colleges
(DBN)

Schools Are Looking in Unusual Places to Deal with Teacher Shortage
(DBN)

White teachers will be first to be dismissed to 'remedy effects of past discrimination'
(DBN)

____________

Retailing:

Home Depot Defies US Housing Slowdown With Results That Beat Estimates
(DBN)

Walmart tempers profit gloom, finds footing after forecast cut
(DBN)

Target Misses Lowest Profit Estimate, Still Predicts Rebound
(DBN)

Amazon is hitting third-party sellers with a first-ever holiday fee hike to offset surging costs
(DBN)

____________

Healthcare:

Buy a rural hospital for $100? Investors pick up struggling institutions for pennies
(DBN)

Idaho Health Data Exchange files for bankruptcy, with $4 million owed to creditors
(DBN)

Hospital Finances are Deteriorating, Fitch Says
(DBN)

COVID public health emergency appears to be headed for extension
(DBN)

NYC Schools Abandon Covid Health Screenings and PCR Tests Public Divided on Student COVID-19 Vaccine Requirements
(DBN)

First Lady Jill Biden Tests Positive for Covid on Vacation
(DBN)

States are unhappy with how the feds are handling monkeypox
(DBN)

Monkeypox Vaccine Maker No Longer Certain It Can Meet Demand
(DBN)

CDC updates monkeypox guidance after dog tests positive for virus
(DBN)

Polio has been circulating in NYC area and poses risk to unvaccinated, CDC says
(DBN)

____________

 


New Bankruptcy Opinions
(4 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (87 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (4 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:

U.S. States With the Most Bankruptcies in 2022
(DBN)

______________

Mass Torts:

3M Faces $100 Billion in Losses From Veterans' Earplug Suits, Expert Says
(DBN)

Florida judge won't block 3M from asking bankruptcy judge to stop earplug suits
(DBN)

Bankruptcy Court Refuses to Halt Sandy Hook Defamation Trial Against Alex Jones in Connecticut After Alex Jones is stripped of bankruptcy protection, CT judge sets Sandy Hook jury selection date
(DBN)

Endo files for bankruptcy as U.S. opioid litigation drags Drugmaker Endo files for bankruptcy, lenders to take control State Attorneys General Reach $450 Million Nationwide Settlement as Part of Opioid Maker Endo's Bankruptcy Endo creditors looking at putting company up for sale through bankruptcy
(DBN)

J&J Unit Tells Appeals Court Only Bankruptcy Can Settle Talc Claims
(WSJ)

____________

Cross-Border:

Cross-border restructuring between northern and southern Ireland
(DBN)

____________

Negotiation:

Reputation For Honesty = Protection Against Deception In Negotiations (A Study)
(DBN)

____________

Aviation:

A pilot says they cleaned planes and loaded bags to avoid flight delays amid staffing issues
(DBN)

American Airlines buys 20 supersonic planes to zip travelers across the globe in half the time
(DBN)

An American Airlines passenger says her 11-year-old daughter was required to check her carry-on for a flight to North Carolina and hasn't got it back 2 months later
(DBN)

Heathrow extends passenger limit into fall amid ongoing travel chaos
(DBN)

Pilots at Lufthansa Unit Eurowings Threaten to Strike Over Staff Shortage
(DBN)

____________

Distressed Investing:

Distressed M&A: opportunities, strategies and disruption
(DBN)

____________

Autos:

Electric 'self-driving' BMW test car veers into oncoming traffic leaving one dead and nine injured
(DBN)

____________

Tax:

What the new $80 billion for the IRS really means for your taxes The $80 billion question: What will the IRS do with all its new money?
(DBN)

____________

Tech:

Elon Musk scores a rare win in Twitter acquisition lawsuit as the company is ordered to hand over documents from fired general manager Twitter Has to Give Musk Only One Bot Checker's Data, Judge Rules
(DBN)

____________

Labor:

Amazon workers at California air hub walk off job
(DBN)

Amazon Labor Union Is Set to File for Election Near Albany
(DBN)

____________

Nursing Homes:

Judge allows deal with second-place bidder for bankrupt senior living operator
(DBN)

____________

Coal:

US coal exports rise in Q2'22 amid global energy crisis
(DBN)

____________

Festivals:

Music Festival Canceled After City Authorities Realize Bands Are Nazis
(DBN)

____________

Movie Theaters:

Cineworld plunges as lack of blockbusters adds to debt woes
(DBN)

____________

Transit:

The M.T.A.'s Money Woes
(DBN)

____________

Cruise Lines:

Carnival Cruise Bookings Nearly Double After Covid Curbs Eased
(DBN)

____________

Climate:

Is hurricane season starting earlier? Some scientists think so
(DBN)

U.S. officials say Arizona, Nevada and Mexico will get less Colorado River water after reservoir levels hit critical low Feds cut Colorado River allocation to Arizona, Nevada as talks fail US states hit by extreme drought face more water cuts Arizona Told to Cut Water Use from River 21%
(DBN)

South Texas is Close to Running Out of Water
(DBN)

White House climate official sanctioned by key science body
(DBN)

Heat Returns to the Pacific Northwest
(DBN)

Bill Gates and the secret push to save Biden's climate bill
(DBN)

America Is Going to Have a 'Heat Belt' Map shows 'extreme heat belt' projected to cover a quarter of the US in 30 years, where temperatures would breach 125 degrees Fahrenheit
(DBN)

Drought-Ravaged States Face Another Round of Water Cuts
(DBN)

How the Western drought is pushing the power grid to the brink
(DBN)

Heat is not an equal-opportunity killer
(DBN)

German industry at risk as Rhine level falls Vessel Is Blocking Rhine River in Germany Near Kaub Chokepoint
(DBN)

I'm a UPS driver. Our trucks are 120 degrees — and I'm walking through yard sprinklers just to survive it.
(DBN)

____________

Sovereigns:

Pakistan Assets Rally as Investors Bet on IMF Bailout This Month
(DBN)

Newly elected Sri Lanka president seeks coalition govt to save economy How Sri Lanka's new president plans to revive the economy An interview with the president of Sri Lanka Sri Lanka won't extend state of emergency
(DBN)

____________

UK:

British Steel Raises Prices Again on Surging Energy Costs
(DBN)

Nationwide offers 11,000 workers a £1,200 bonus to help with bills
(DBN)

UK inflation hits new 40-year high of 10.1% as food and energy price surge continues
(DBN)

Britain's Poorest Households Hit Hardest by Surge in Inflation
(DBN)

UK's Over-65s Return to Work as Cost of Living Crisis Bites
(DBN)

Ladbrokes Owner Hit With Record Fine and Warned License At Risk
(DBN)

Britons Face Days of Travel Upheaval as Transport Strikes Spread
(DBN)

____________

MENA:

When hunger takes over, some Afghans resort to selling their organs or children Interview: Former U.S. envoy Khalilzad on leaving Afghanistan to the Taliban The Afghan Abyss Families of 9/11 victims urge Biden to direct $3.5 billion worth of frozen assets to the Afghan people. 'This is their money, not ours,' they argue Afghans' long wait
(DBN)

Saudi Woman Gets 34 Years for Using Twitter
(DBN)

____________

Russia:

New blasts rock Russian sites in annexed Crimea Moscow blames saboteurs for explosions that rock ammo dump in Russian-annexed Crimea Putin brags that Russian weapons are 'years, perhaps even decades' ahead of rivals as his army pulls old Soviet-era tanks out of deep storage due to losses in Ukraine Ukraine makes gains in Kherson, but Russia's advantage holds. High-profile attacks behind Russian lines hint at how Ukrainian special forces may be using their US training
(DBN)

____________

China:

China rations electricity to factories as heatwave sees power demand surge
(DBN)

China will step up policy support for economy, premier tells state media
(DBN)

The Impact of China's Economic Slowdown
(DBN)

China Ambassador Warns US Over Taiwan
(DBN)

____________

Norway:

Norway's Wealth Fund Lost $174 Billion in First Half
(DBN)

____________

Australia:

Sending Disclaimer To The Sawmill: A Liquidator's Power To Disclaim Land Subject To Environmental Liabilities Following The Australian Sawmilling Case
(DBN)

____________


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