August 2, 2022

The Daily Bankruptcy News

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Law:

The Biglaw Firms That Are Best For Associate Satisfaction (2022)
(DBN)

Let's All Watch Dewey & LeBoeuf Burn. Again.
(DBN)

Can Biglaw Associates Be Lured Back To The Office With New Food Options?
(DBN)

The Two Sides To 'Hurry Up And Wait' Syndrome
(DBN)

Prosecutors Seek Forfeiture of Michael Avenatti's $4.5 Million Jet Ahead of California Sentencing for Client Embezzlement Schemes
(DBN)

Life Sentence In Law Professor Murder Case
(DBN)

ABA amicus brief asks Supreme Court to uphold use of race-conscious admissions policies
(DBN)

Hogan slams 'disgusting lies' about 9/11 by Maryland GOP attorney general nominee
(DBN)

Law school applicant pool shrinks after blockbuster 2021
(DBN)

Jones Day clears hurdle to force Orrick into arbitration over ex-partner
(DBN)

Graham renews effort to block Georgia grand jury subpoena • Georgia's big Trump election investigation, explained • Sen. Lindsey Graham Moves Fulton County DA Subpoena Fight to Georgia, Hires Trump's Former White House Counsel
(DBN)

Local prosecutors can enforce Michigan's pre-Roe abortion ban, court rules • Abortion Rights Remain Safe in Michigan, for Now, After Two See-Saw Rulings on County Prosecutors Deploying 1931 Ban • 'They're Just Going to Let Me Die?' One Woman's Abortion Odyssey • Kansas voters to weigh in directly on abortion rights
(DBN)

Guy Reffitt, Texas man who brought gun to Capitol on Jan. 6, set to be sentenced • Militia Member Prosecuted in First U.S. Capitol Case to Reach a Jury Receives Longest Jan. 6 Sentence to Date • Capitol rioter Guy Reffitt gets longest Jan. 6 sentence, but no terrorism enhancement • Man who stormed Capitol with gun gets 7-plus years in prison • More than half of voters think Trump should face indictment over Jan. 6: poll • GOP governor: Jan. 6 panel has shown Trump derelict in duties, but not criminal in conduct • Alleged Oath Keeper Claims He Was Too Weak to Storm Capitol • House Lawmakers Seek to Question DHS Watchdog Staff on Missing Texts • DHS watchdog asked the Secret Service for all Jan. 6 texts, then retracted the request in an email • Top Dems allege evidence of cover-up in DHS IG Secret Service texts probe • 'I Choose Violence': Michigan Man Who Quoted Game of Thrones After Jan. 6 Sentenced to Jail Time
(DBN)

Families feel 'tricked' by embattled LA County DA over resentencing of death row inmates
(DBN)

Ex-NYC Prosecutor: Trump was Guilty
(DBN)

"Night of terror": 28 female inmates at Indiana jail allege sexual assault by male prisoners after guard sold cell keys, lawsuits say
(DBN)

'I will second-guess myself for the rest of my life.' Uvalde principal defends actions on day of shooting
(DBN)

Kaine, Murkowski Bill Codify Abortion Rights
(DBN)

New York McDonald's worker critically shot after dispute with mother and son over food, police say
(DBN)

Man Hangs Himself After Stabbing Wife Over 'Tasteless' Kebabs
(DBN)

Next on Paxton's To Do List: Starving Gay Kids
(DBN)

Early America's History with Abortion
(DBN)

Minnesota pharmacist on trial for refusing to dispense the morning after pill because of his 'beliefs'
(DBN)

Wisconsin man commits voter fraud to "expose" system "vulnerabilities"
(DBN)

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Judges:

BK RI: Closed on Aug. 8 for "Victory Day"
(DBN)

Biden Is Really Making Progress In Diversifying The Judiciary
(DBN)

Federal judge's $216K, contingency-fee separation agreement with county leads to public reprimand
(DBN)

CNN's Zakaria calls Alito's speech mocking foreign leaders 'disgusting,' 'scandalous'
(DBN)

Scientists Conclude That Wikipedia Influences Judges' Legal Reasoning
(DBN)

Clarence Thomas Quitting GW Law School Is Just Like Robespierre's Reign Of Terror Except In The Way It's Not At All And Jonathan Turley Is A Wildly Unserious Person
(DBN)

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Wall Street:

Stock futures slip as U.S.-China tensions simmer over Pelosi's expected trip to Taiwan
(DBN)

US Audit Watchdog Says Full Access Needed to Avoid Delisting of Chinese Firms
(DBN)

Credit Suisse Hands Out $300 Million in a Month to Retain Talent
(DBN)

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Layoffs:

Tech layoffs continue across the board: Here's the latest
(DBN)

Amazons Shrinks Staff by 100,000
(DBN)

Amazon Closing 40 Warehouse Sites
(DBN)

Oracle Cuts Workers in US Customer Experience Unit
(DBN)

GEICO closes all California offices, lays off workers: report
(DBN)

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Climate:

We haven't built for this climate
(DBN)

53 large wildfires burn across the U.S. amid heat wave threat • California's Largest Fire Kills Two While It Rages Uncontrolled • Thousands evacuate as California's McKinney fire spreads
(DBN)

At least seven heat-related deaths suspected in Pacific Northwest
(DBN)

Kentucky flooding death toll rises to at least 35 • Still more rain hits flooded Kentucky mountain communities • Hundreds of people are still unaccounted for
(DBN)

Climate deal's CO2 cuts swamp fossil fuel emissions: analysis
(DBN)

Amazon Says Its Planet-Warming Carbon Emissions Grew 18% in 2021
(DBN)

England Records Driest July in 87 Years Amid Sizzling Heat Wave
(DBN)

The Mediterranean as We Know It Is Vanishing
(DBN)

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Banking:

Barclays Blunder Gives Some Burned Peloton Note Holders 1,200% Boost
(DBN)

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Fraud:

SEC charges 11 people in alleged $300 million crypto Ponzi scheme
(DBN)

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Waste:

Warrior Disposal tells customers it's filing for bankruptcy; trash pickup to stop immediately
(DBN)

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Politics:

GOP's Toomey Rips Tax and Climate Bill, Looks to Sinema to Stop It • All eyes on Sinema • Senate tensions: Manchin praised a GOP colleague who then accused him of getting 'taken to the cleaners' • Why the Inflation Reduction Act isn't a sure thing • Manchin will talk to Sinema about supporting climate, tax deal • The Manchin pressure campaign: CEOs, labor bosses and Bill Gates
(DBN)

Poll: Over half of U.S. voters say abortion is "very important" for midterms elections
(DBN)

Trump-backed conspiracy theorist makes charge for chief election position in Arizona
(DBN)

Pelosi's Taiwan Tuesday • Europe braces for China-U.S. escalation risk as Taiwan tensions rise
(DBN)

Arizona Republicans want a school culture war victory. A moderate Democrat stands in their way.
(DBN)

Trump-endorsed Blake Masters leading Arizona GOP Senate primary race: poll
(DBN)

Trump Takes Center Stage Again in Michigan Congressional Primary
(DBN)

Democratic ad buy for pro-Trump Republican sparks howls of protest
(DBN)

Former Democratic leaders blast party's 'risky and unethical' meddling in GOP primaries
(DBN)

Kushner: Trump wanted to endorse Netanyahu's rival ahead of March 2020 election
(DBN)

Election skepticism goes hyper-local
(DBN)

Trump baffles GOP by endorsing 'Eric' in the Missouri Senate primary — a race with three Erics
(DBN)

'The battle continues to grow': Deep-pocketed education group targets contested states
(DBN)

With 100 days to the midterms, Democrats try to defy the odds as Republicans boast of coming wave • Democrats, GOP in dead heat in generic congressional ballot: poll
(DBN)

Veterans have been camping out on the Capitol steps after GOP blocks burn pit bill
(DBN)

12,000 Christians Condemn Taylor Greene
(DBN)

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Economy:

ISM® Manufacturing index Decreased to 52.8% in July • US Manufacturing Expands at Slowest Pace in Two Years
(DBN)

Amid Recession Concerns, The Fed's Focus Is 'Bringing Inflation Down'
(DBN)

Supply-Side Economics Isn't Just for Republicans Anymore
(DBN)

Five High Frequency Indicators for the Economy
(DBN)

Is the US Economy in Recession? Here Are Eight Offbeat Indicators to Watch
(DBN)

Here's What the Six Key Official Indicators of US Recession Show
(DBN)

Summers, Blanchard Say Waller 'Soft-Landing' Paper Has Errors
(DBN)

White Women Cut Spending the Most as Fed Hikes Rates, Study Shows
(DBN)

61% of Americans are now living paycheck to paycheck after inflation spike
(DBN)

Mad about inflation? Blame your local officials.
(DBN)

2 reasons why the NBER won't declare that the economy is officially in a recession
(DBN)

Working Americans pay income taxes — why don't billionaires?
(DBN)

Europe is hurting because Russia has cut down its natural-gas supply — but Russia is even worse off: study • Russia's Slump in Oil Exports Abates, Moscow's Revenues Go Up • Russia's cutoff of energy supplies is forcing Germany to restart oil power generation as natural gas becomes scarce • Europe's natural gas crisis is going from 'bad' to 'ugly', according to Bank of America • Russia halts natural gas exports to Latvia, sending European gas prices soaring as other nations brace for a full cut-off • 3 charts show Europe's unprecedented natural gas crisis • Baker Hughes Follows Halliburton in Russia Sale to Local Workers • German chemicals firm warns of production chain collapse as Putin squeezes flows
(DBN)

July showed that markets are dealing with a growth scare rather than a recession and inflation will fall sharply going forward, Fundstrat says
(DBN)

What 21 billion Facebook friendships say about the economic ladder in the US
(DBN)

One key to earning a higher income: Rich friends in childhood
(DBN)

Where the Fight Over a Return to the Office Is Over and the Office Won
(DBN)

Things we've learned working from home
(DBN)

A global food crisis is unfolding. We explored 13 locations around the world to learn how they're being affected.
(DBN)

Covid Exacerbates World Hunger
(DBN)

Why the American Dream is more attainable in some cities than others
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

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

Bankruptcy judge slams landlord Joshua Bruno, wrests control of six apartment complexes
(DBN)

Construction Spending Decreased 1.1% in June
(DBN)

Black Knight Mortgage Monitor: "Record-Setting Slowdown in Home Price Growth"
(DBN)

Housing Inventory August 1st Update: Up 32.3% Year-over-year
(DBN)

Home buying firm settles deceptive marketing claims for $62 million.
(DBN)

Court punts decision to shift Carolina Panthers' HQ bankruptcy to SC
(DBN)

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Municipalities:

Puerto Rico Debt Restructuring Fees Forecast to Hit $1.6 Billion
(DBN)

California Facing Risk of Revenue Shortfall as Economy Slows
(DBN)

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Oil/Gas:

Oil Companies Profiteer As Fuel Prices Soar
(DBN)

Saudi Arabia's oil exports hit a 2-year high in July as the US pleads for more output
(DBN)

The barriers to an EV revolution
(DBN)

Shifting to Electric Vehicles is Not Enough
(DBN)

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Retailing:

This is the last Sears for hundreds of miles. What can it tell us about the state of malls?
(DBN)

Amazon launches same-day delivery from some brick-and-mortar retail brands
(DBN)

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Cosmetics:

Revlon Buyers Buck Bankruptcy Filing, Hoping Something's Left for Them
(DBN)

Hearing On Friday Was A Disaster For Bankrupt Revlon Shareholders
(DBN)

Why Revlon Stock Is Skyrocketing
(DBN)

Revlon gets court approval for $1.4 billion bankruptcy loan
(DBN)

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Education:

Florida teachers are being told they can't mention their same-sex partners because it could violate DeSantis' ban on LGBTQ discussions in schools
(DBN)

Schools look to get back on track after 2 terrible years
(DBN)

Cities face crisis as fewer kids enroll and schools shrink
(DBN)

Author of "critical race theory" ban says Texas schools can still teach about racism
(DBN)

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Crypto:

Chapter 15 – A Useful Tool for Protecting and Preserving Assets in Cryptocurrency Insolvency Proceedings
(DBN)

Singapore Grants Vauld Parent Three-Month Creditor Protection
(DBN)

The total value of the crypto market has surged in recent weeks as bears start to buy back in and bulls 'hold on for dear life'
(DBN)

A publicly traded bitcoin whale's glaring (paper) loss
(DBN)

Zipmex has filed for debt moratorium, not bankruptcy: Thailand chief
(DBN)

What Happens When Cops Seize Crypto and Bitcoin?
(DBN)

N.Y. Attorney General Courts Crypto Whistle-Blowers
(DBN)

Hackers drain nearly $200 million from crypto startup in 'free-for-all' attack
(DBN)

Voyager Bankruptcy Puts US Pro Women's Soccer Player Payouts at Risk: Report
(DBN)

Recovering crypto from insolvent companies may be easier than you think
(DBN)

After a Fall, Crypto Winter Sets In
(DBN)

Celsius Network Custody Clients Tap Lawyer to Reclaim $180M
(DBN)

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Labor:

Starbucks union asks coffee giant to extend pay hikes, benefits to unionized stores
(DBN)

____________

Hedge Funds:

Hedge Funds That Charge Most Tend to Perform Best, Barclays Study Shows
(DBN)

'Greed' or 'mistake'? Platinum hedge fund manager's trial kicks off
(DBN)

____________

Healthcare:

1 in 5 Americans OK with threatening health officials
(DBN)

Biden poised to deliver on decades-long Democratic promise
(DBN)

How the U.S. Let 20 Million Doses of Monkeypox Vaccine Expire
(DBN)

Gap between monkeypox vaccine demand, supply dire in hotspot cities
(DBN)

California and Illinois declare monkeypox emergencies
(DBN)

More U.S. Parents Don't Want To Get Young Kids Vaccinated
(DBN)

Back-to-school, back to outbreaks
(DBN)

____________

 
New Bankruptcy Opinions
(9 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (23 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (9 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:

Bankruptcy Filings Take Sharp Drop
(DBN)

Bankruptcy Cases Filed, Terminated, and Pending • Business and Nonbusiness Cases Filed, by Chapter of the Bankruptcy Code (3 Months) • Business and Nonbusiness Cases Filed, by Chapter of the Bankruptcy Code (1 Month) • Business and Nonbusiness Cases Filed, by Chapter of the Bankruptcy Code • Business and Nonbusiness Cases Filed, by Chapter of the Bankruptcy Code, District, and County
(DBN)

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Cross-Border:

A Tale of Two Cities: Discharge of US-Denominated Debt in Chapter 15
(DBN)

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Bankruptcy Policy:

Can Contract Clauses Replace Bankruptcy Principles?
(DBN)

____________

Tax:

Classifying Tax Expenditures in Bankruptcy: The Case of the Federal First-Time Homebuyer Credit
(DBN)

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Bankruptcy Research:

Sponsor Control: A New Paradigm for Corporate Reorganization
(DBN)

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Mass Torts:

Alex Jones Races Back To Bankruptcy Court As Sandy Hook Defamation Case Goes Disastrously Sideways • Another Alex Jones Entity Seeks Bankruptcy Protection • Sandy Hook Families Cast Wary Eye on New Infowars Bankruptcy • Jury selection to start in CT Sandy Hook damages trial, despite Alex Jones' company's bankruptcy • Psychiatrist says Sandy Hook parents fear for their lives • 'There's a Real Threat': Sandy Hook Parents Hired Private Security for Protection from Alex Jones Fans, Court Hears • Alex Jones expected to testify in defamation case over Sandy Hook shooting • Alex Jones gloats over bankruptcy plot to tie Sandy Hook damages 'for years' • Alex Jones's Bankruptcy Lawyers Shoot For The Moon As Their Client Shoots Off His Mouth
(DBN)

Sandy Hook Families Accuse Alex Jones of Diverting Funds From Infowars Parent Company
(WSJ)

Lawyer flips the bird at opposing counsel after judge leaves the bench in Infowars host Alex Jones' defamation case
(DBN)

Boy Scouts Ruling Threatens $250 Million Abuse Deal With Mormons • Boy Scouts' bankruptcy hits snag as judge rejects LDS Church's $250M payout for abuse claims • Boy Scouts of America's liability reaches at least $2.4B in largest sex abuse settlement: Judge
(DBN)

Boy Scouts Near End of Bankruptcy, but Group Faces Challenges
(WSJ)

West Virginia cities reach $400 mln opioid distributor settlement
(DBN)

____________

Aviation:

A looming pilot strike for a major airline would hit 20 U.S. airports
(DBN)

Here's how much money you're entitled to if an airline bumps you from an oversold flight
(DBN)

CargoLogic Germany insolvency proceedings imminent
(DBN)

JetBlue forecasts return to profit in third quarter, holds back on growth as costs surge
(DBN)

An airport fined a traveler $1,874 for two McMuffins after they were discovered in his luggage
(DBN)

4 days of chaos: A maid of honor traveling to her sister's wedding in Greece says Air Canada lost her dress and turned her trip home into a 'nightmare'
(DBN)

British Airways Stops Ticket Sales on Some Heathrow Flights
(DBN)

____________

Sports:

Deshaun Watson Delivered 6-Game Suspension For 'Egregious' Behavior • What to Know About the Allegations Against Deshaun Watson
(DBN)

____________

Tech:

Did Biden Just Boost U.S. Tech — or Fund a Bunch of Solyndras?
(DBN)

Musk Sued by Twitter Investor Over Busted $44 Billion Deal
(DBN)

'Metaverse' job openings are down 81% as Facebook, Apple, and Google roll back hiring
(DBN)

Morgan Stanley, BofA Subpoenaed by Twitter in Musk Fight
(DBN)

____________

Weddings:

Bankrupt Photography Firm Leaves Newlyweds Without Photos
(DBN)

____________

Golf:

LIV Golf crowd shouts 'Let's go Brandon' to Trump, Greene, Carlson
(DBN)

____________

UK:

Londoners Most Confident About Weathering Cost of Living Crisis
(DBN)

UK Power Supplier Asks State for £1 Billion to Take on Clients
(DBN)

____________

EU:

Europe's Credit Fear Gauge Sees Biggest Monthly Drop Since 2019
(DBN)

ECB Says Oil-Price Hike to Cut Euro-Area Output by Just 0.8%
(DBN)

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Russia:

UN hails first grain shipment out of Ukrainian agricultural corridor • Wheat prices fall as Ukraine sends first shipment of grain since Russian invasion in a deal aimed at easing global food prices • Ukraine Plots Cautious Return of Grain Exports as World Watches
(DBN)

Ukraine seeks to retake the south, tying down Russian forces • U.S. to send Ukraine additional $550 million in military aid • Ukraine wages a 'deep war' to degrade Russian forces as Moscow continues its scorched-earth campaign.
(DBN)

UN chief says humanity "one miscalculation away from nuclear annihilation"
(DBN)

Hedge Fund Manager Knows Ukraine's Dealing With Some Sh*t Right Now, Is Suing It Anyway
(DBN)

Griner's trial resumes amid intensified diplomacy • Lawyer for arms dealer Viktor Bout 'confident' trade for Griner, Whelan will happen • Russia Balks at US Prisoner Swap Offer, Viewing It as Unequal • Griner's Russian trial should be over 'very soon', lawyer says
(DBN)

Hawley vows to vote 'no' on adding Sweden and Finland to NATO
(DBN)

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Greece:

Four in five firms considered insolvent
(DBN)

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China:

China's PBOC Pledges Stable Financing for Property Sector
(DBN)

Pelosi heads to Taiwan despite warnings from Xi and Biden • China says military "won't sit idly by" if Pelosi visits Taiwan • The drama over Nancy Pelosi's Taiwan travel plans, briefly explained • China military posts missile strike video as Taiwan preps for Pelosi arrival • U.S. expects military "provocations" from China if Pelosi visits Taiwan • What you need to know about Pelosi's expected visit to Taiwan • U.S. Warns China Not to Turn Pelosi's Expected Trip to Taiwan Into a 'Crisis' • White House decries China rhetoric over Nancy Pelosi Taiwan visit
(DBN)

Taiwan tensions eclipse China's economic slump
(DBN)

China's Economy Deteriorated Further in July, Beige Book Says
(DBN)

Evergrande Creditors Left With Few Options As Beijing Sets The Agenda
(DBN)

State-Backed Chinese Builder Sino-Ocean Cut to Junk by Moody's
(DBN)

China's Property Crisis Threatens to Drag Down Steel Industry
(DBN)

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Germany:

German Retail Sales Plunge Most Since 1980 as Inflation Bites
(DBN)

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MENA:

U.S. drone strike kills Al Qaeda leader Ayman al-Zawahiri in Afghanistan • Al Qaeda Leader Was Living in Posh Kabul Locality • Bin Laden was the face of al-Qaida, but Ayman al-Zawahiri was its hate-filled heart
(DBN)

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