August 29, 2022

The Daily Bankruptcy News

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Law:

Busting the Myth That Clients Are Driving Big Law Diversity
(DBN)

New York City Bar's Trump Warning Highlights False Claims Issue
(DBN)

Lawyers Fight Bill Forcing Them to Report Suspicious Client Acts
(DBN)

California lawmakers pull plug on legal industry reforms
(DBN)

Down With The LSAT?
(DBN)

The Inequity Of Who Gets The Corporate Work
(DBN)

Not Even Superheroes Can Escape Their Law School Loans
(DBN)

Covid vaccine patent litigation, a Jones Day exposé, and other legal news from the week that was
(DBN)

How Much Do Small Firm Lawyers Make?
(DBN)

Some Clients Might Like To Pay Higher Legal Fees
(DBN)

Twitter Lawyers Depart as Court Battle Over Musk Deal Looms
(DBN)

Minnesota lawyer is accused of beating his ex-wife to death in front of their kids
(DBN)

Former Prosecutor Charged with Murdering Ex-Wife in Front of Their Children Claims He's Not a Risk to His Kids
(DBN)

FBI found 184 classified documents in boxes returned by Trump, redacted affidavit says, prompting search DOJ Sought Redactions of Mar-a-Lago Search Warrant Affidavit to Protect 'Significant Number of Civilian Witnesses' and Law Enforcement, Unsealed Filing Shows Judge indicates she may grant Trump's request for a special master to review documents seized at Mar-a-Lago Trump's Bid for Neutral Review of Seized Records May Be Granted No parts of the Mar-a-Lago affidavit should've been publicly released Trump's Attorneys Criticize 'Heavily Redacted' Warrant Affidavit, Fail to Mention the Actual Law Cited in Support of Mar-a-Lago Search Trump Lawyer Tried to Fend Off DOJ Probe into Mar-a-Lago Docs by Citing a Law the Feds Didn't End Up Using to Support Search, Unsealed Letter Shows FBI: Trump mixed top secret docs with magazines, other items Trump Search Affidavit Details Timeline of FBI's Records Probe Trump Mar–a-Lago affidavit reveals 'handwritten notes,' highly classified material led to warrant request Trump search: What may come next in inquiry with legal peril It's Over: Trump Will Be Indicted NY Times demands 'criminal prosecution' of Donald Trump despite the risks: 'greatest crisis since Civil War' Donald Trump Is Not Above the Law Alan Dershowitz Tells Fox News 'There Is Enough Evidence Here to Indict Trump' Ex-Bush Senior Advisor Karl Rove says the Secret Service could be the mole in Mar-a-Lago who reported Trump for stashing top-secret documents because they 'have a responsibility to report a crime' The FBI's Mar-a-Lago affidavit paints an unsettling portrait of Trump Trump Attacks DOJ Ahead of Affidavit Release: 'Hacks and Thugs' Had No Right to 'Storm Mar-a-Lago and Steal Everything in Sight' Trump Adviser Melts Down After Being Named in Affidavit Inside the 20-month fight to get Trump to return Presidential material Republicans, once outraged by the Mar-a-Lago search, become quieter as details emerge U.S. intelligence to review security risks from Trump's Mar-a-Lago documents Why the redacted affidavit for the search of Trump's home is so concerning National Archives hit with threats after Trump search Reading between the lines of the Mar-a-Lago affidavit Sen. Lindsey Graham said if Trump is prosecuted for mishandling classified information 'there will be riots in the streets' GOP Sen. Roy Blunt says Trump should've turned over 'all' documents before Mar-a-Lago raid: 'I imagine he knows that very well now'
(DBN)

Trump election probe in Georgia cites voting system breach Of all the legal threats Trump is facing, is this the one that could take him down? Mark Meadows ordered to testify in Fulton County probe of Trump election overturn efforts Pro-Trump lawyer says subpoenaed by Georgia grand jury investigating 2020 election
(DBN)

"Deposing Trump Is Looking for The Icing on The Cake": Letitia James's Trump Investigation Is Nearing Its Endgame
(DBN)

Trump fan who assaulted Capitol cops with Trump flag, billboard on Jan. 6 gets over 3.5 years in prison A 72-year-old Capitol rioter who beat a police officer with a Trump flag has received a nearly 4-year prison sentence NAACP backs banning New Mexico official and Cowboys for Trump co-founder from public office, citing his involvement in the Jan. 6 Capitol riot Jan. 6 Panel to Follow the Money Trail
(DBN)

Feds investigating Russian-speaking immigrant who infiltrated Mar-a-Lago - Posed as member of European banking dynasty
(DBN)

The pair who stole Ashley Biden's diary tried to sell it to the Trump campaign but a representative refused and told them to turn it over to the FBI, prosecutors say
(DBN)

FBI responds to Mark Zuckerberg claims in Joe Rogan show
(DBN)

Woman carrying fetus without a skull to seek abortion in another state following Louisiana ban Her Fetus Has No Skull. She Wants Abortion Nonsense to Stop Biden calls abortion restrictions 'beyond the pale' Democrats: Abortion rulings may be 'a blessing in disguise' Breaking Water: Southern Gambling Loophole Inspires A Dobbs Work Around
(DBN)

Vermont sheriff's captain fired after video appears to show him kicking handcuffed detainee
(DBN)

California Police Department's Racist Texts Scandal Gets Even Worse
(DBN)

Jeffrey Epstein's mentor and Ponzi schemer Steven Hoffenberg was found dead in his Connecticut apartment
(DBN)

Netflix's 'Partner Track' star Arden Cho talks sexism and racism in big law
(DBN)

At $249 per day, prison stays leave ex-inmates deep in debt
(DBN)

Bills' investigation of Araiza didn't include alleged victim
(DBN)

Former Police Chief and Later Chief Deputy Sentenced for Punching Compliant Arrestees in the Face While They Were Handcuffed
(DBN)

Law Enforcement Has an Extremist Problem
(DBN)

HUD, Texas at odds over flood relief discrimination claim
(DBN)

Toddler Shot Himself With Gun Found in Unlocked Case
(DBN)

5 people shot on Coney Island boardwalk
(DBN)

3 dead, including suspected shooter, in Oregon grocery store attack
(DBN)

A Rochester couple denied allegations of racism. Then came a confession
(DBN)

A Catholic charity hired a man to simulate a mass shooting at their building, complete with actors covered in blood. The drill ended with his arrest.
(DBN)

New Mexico man accused of trying to create ISIS "safe haven"
(DBN)

Former Air Force Sergeant and 'Boogaloo' Extremist Gets Sentenced and Hauled to Prison Wearing Handcuffs of Sheriff's Deputy He Murdered
(DBN)

U.S. border patrol finds baby, toddler abandoned by smugglers in desert
(DBN)

DeSantis suspends 4 Broward school board members after Parkland report
(DBN)

Florida man convicted in hate crime road rage attack on Black martial artist dad who fought back
(DBN)

Florida woman tries — and fails — to beat DUI test by Irish folk dancing
(DBN)

Mississippi scrubbed racial taint from its constitutional ban on voting by some felons, 5th Circuit rules
(DBN)

Suspected pedophile slits throat on Facebook Live after confronted by 'hunters'
(DBN)

Registered Sex Offender Tried to Buy Girl for $100,000 at Grocery Store: Police
(DBN)

Daycare Operator Sentenced to 40 Years in Prison After He Used It to Run a Drug Trafficking Operation
(DBN)

Police: Houston tenant kills 3 others, set fire to lure them Evicted, Armed Tenant 'Very Evilly' Started Fire at Rental Complex So He Could Ambush Others Who Were Fleeing the Scene: Police
(DBN)

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Judges:

Stumped On How To Spend The Untaxed $1.6 Billion Gift You Just Received To Remake The Judiciary? Here Are Some Ideas...
(DBN)

'The Deep State Still Runs on Windows 95': PACER Crashes While Everyone Was Waiting for the Trump Mar-a-Lago Affidavit to Drop
(DBN)

Alito's Crusade Against Secularism Isn't Over
(DBN)

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Wall Street:

Dow futures slide more than 200 points, building on last week's sharp sell-off
(DBN)

Dow closes down 1000 points, Nasdaq falls 3.9% after Powell warns of pain to households in inflation battle Powell comments fuel 1,000-point market rout Friday as stocks slide a second week
(DBN)

Rookie Bankers at Goldman Sachs Quit En Masse Over Bonuses
(DBN)

Retail investors are incurring billions in hidden costs using 'free' brokerages, study says
(DBN)

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Fraud:

Secret Service recovers $286 million in stolen Covid relief funds
(DBN)

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Politics:

What is Christian nationalism? The belief gaining ground in the GOP that says the US is and should always be a Christian nation
(DBN)

Pennsylvania Candidate Mastriano Posed in Confederate Uniform at Army War College
(DBN)

Judge declines to require hand count of Arizona ballots in November election
(DBN)

Sanders has highest favorability among possible 2024 contenders
(DBN)

GOP, Dems seek political boost from student loan debt plan
(DBN)

Trump-backed Arizona Senate candidate Blake Masters scrubs website of extreme anti-abortion stance as GOP frets over impact of Roe reversal on the midterms
(DBN)

Kinzinger says GOP in trouble ahead of midterms: "We have no leadership"
(DBN)

RNC fires national spokesperson
(DBN)

Colorado Secretary of State says "extreme" GOP might strip voting rights
(DBN)

Trump Didn't Kill Reaganism. These Guys Did.
(DBN)

GOP seat lead shrinks as Biden approval ticks up Democrats see the once unthinkable: A narrow path to keeping the House
(DBN)

____________


Economy:

Federal Reserve chair Jerome Powell sees inflation battle lasting 'some time,' warns of economic pain Powell: Fed could keep lifting rates sharply 'for some time' Powell blows away doubts about his war on high inflation Fed Chair Powell: "Higher interest rates ... will also bring some pain to households and businesses"
(DBN)

Q3 GDP Forecasts: Around 1%
(DBN)

Personal Income increased 0.2% in July; Spending increased 0.1%
(DBN)

Fed tackles inflation with its most diverse leadership ever
(DBN)

Fed Can't Fix Fiscal-Driven Inflation: Jackson Hole Paper
(DBN)

Central banks will fail to tame inflation without better fiscal policy, study says
(DBN)

Warren 'very worried' the Fed will cause a recession Warren Says Fed Policies Could Tip US Economy into Recession
(DBN)

Energy Crisis Tearing Through Markets Leaves a Trail of Losers
(DBN)

Collective punishment or effective sanction? Europe weighs banning Russian tourists Ukraine calls on foreign countries to ban Russian travelers after six months of Russia's invasion Le Maire: French households 'will not be affected' by soaring electricity prices Wall Street predicted Russia's economy would collapse after it invaded Ukraine. These 3 charts show that hasn't happened. France Nears Deal With Algeria for More Natural Gas Imports German Finance Chief Sounds Alarm on Soaring Electricity Prices Prague court declares bankrupt Czech subsidiary of Russian Sberbank Europe faces terrible winters without a gas price cap, minister warns
(DBN)

The 10 best U.S. cities for new grads to start a career
(DBN)

Glory Days: In Michigan, Nostalgia For A Romanticized Past Outstrips The Reality of An Economic Rebirth
(DBN)

Americans keep moving to where the water isn't
(DBN)

Next year's food crisis will be different from this year's. Here's how it could change — for the worse — in 2023.
(DBN)

Democrats hammer Republicans over Social Security as conservative candidates grab the 'third rail'
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

Small businesses feel the pinch from slowing housing market
(DBN)

Black Knight: Median House Prices Declined in July; First Decline in 32 Months
(DBN)

Is America on the verge of a house price collapse? Prices could crash by up to 20% and homes are overvalued by as much as 72%, expert warns
(DBN)

____________

Municipalities:

California billboards seen in LA and SF warn against moving to Texas by invoking mass shooting
(DBN)

____________

Oil/Gas:

California's gas car ban will change how everyone drives
(DBN)

France Prepares $100 a Month Electric-Car Leasing Plan
(DBN)

Saudi Arabia's game is simple: keep oil prices high as threats to its revenue loom, analysts say
(DBN)

____________

Education:

'Keep This Between Us' Exposes the Grooming Epidemic in America's Schools
(DBN)

School districts move to ease teacher stress, burnout
(DBN)

1/3 of US Kids Still in Segregated Schools
(DBN)

____________

Autos:

Soon electric vehicles could charge faster than your iPhone
(DBN)

Avis charged a customer $6,000 after claiming she drove a rental car 23,000 miles in 3 days, reports say
(DBN)

Thieves across America are stealing Hyundais and Kias in seconds
(DBN)

Cash is king for EV makers as soaring battery prices drive up production costs
(DBN)

____________

Pharma:

Lower prescription prices to take time in new law
(DBN)

____________

Student Debt:

Marco Rubio slams the White House's 'lame attempts' to bash GOP lawmakers who got their PPP loans forgiven but are calling Biden's student-debt cancellation 'unfair' GOP critics of Biden's loan forgiveness call it 'astonishingly unfair.' Here's how much college tuition cost at their alma maters when they graduated compared to now. Elizabeth Warren points out Mitch McConnell graduated from a school that cost $330 a year amid his criticisms of Biden's student-loan forgiveness: 'He can spare us the lectures on fairness' Sanders pans GOP response to Biden canceling some student loans Sanders answers debt relief criticism: 'The solution is not to deny help' Richmond says debt forgiveness offers many benefits 'Monumentally unfair' - Senators duke it out over Biden's student-loan bailout Student Loans Highlight Democrats' Divide in Tough Election Year Sen. Marco Rubio — who called student debt cancellation 'unfair' — said he had $100,000 in student loans but paid it off by writing a book Curt Schilling complains about student debt relief, Twitter immediately reminds him about 38 Studios Bernie Sanders says Republicans complaining about student debt forgiveness didn't complain when Donald Trump declared bankruptcy 6 times GOP critics of Biden's loan forgiveness call it 'astonishingly unfair.' Here's how much college tuition cost at their alma maters when they graduated compared to now.
(DBN)

Nobel laureate Paul Krugman shoots down claims that Biden's student-debt relief plan will fuel inflation
(DBN)

Biden's student loan forgiveness may erase savings of climate, drugs law
(DBN)

Applications for student loan relief will be available early October, White House says
(DBN)

'It feels like enslavement': This working mom owes $240,000 in student loans. Now she's fighting for full cancellation to live her American Dream 'freely.'
(DBN)

Singletary: Don't count on another big break in student loans like the one that just happened
(DBN)

A Democratic Economist's Case Against Biden's Student-Loan Plan
(DBN)

Fact-checking 6 Criticisms of Biden's Student Loan Forgiveness Plan
(DBN)

____________

Lighting:

Apollo's Lumileds Files for Bankruptcy in $1.3 Billion Debt Plan Lumiled's U.S. and Dutch units file bankruptcy five years after Apollo investment
(DBN)

____________

Crypto:

Celsius bankruptcy proceedings show complexities amid declining hope of recovery
(DBN)

Bankrupt Crypto Lender Celsius Strikes Back
(DBN)

Bankrupt Crypto Broker Voyager's Native Token VGX Skyrockets by Over 125% in 24 Hours Amid Takeover Rumors
(DBN)

'The Merge': The risky move the crypto world can't wait for
(DBN)

Tether will be "technically insolvent" if assets fall by 0.3%
(DBN)

Millionaire at 18 and bankrupt by 22: The 'influencer' who personifies the danger of investing in cryptocurrencies
(DBN)

Bitcoin drops below $20,000 to lowest level since mid-July
(DBN)

____________

Outsourcing:

Exela Technologies: No Way Out. Likely Going Bankrupt
(DBN)

____________

Movie Theaters:

What's ahead for Regal amid bankruptcy talks? Fall movies won't solve financial woes
(DBN)

APE shares, bankruptcy warnings crater 2 theater stocks
(DBN)

After Buying The Company Out Of Bankruptcy, Stacy Spikes' MoviePass Says It's Had 460,000 Signups For Its Waitlist In A Day
(DBN)

Cineworld's Greidinger brothers in blockbuster pay deals
(DBN)

Cineworld landlord files winding up petition against cinema chain
(DBN)

The movie business is in shambles. It likely won't be 'back' for over another year.
(DBN)

____________

Healthcare:

The stories, faces behind the 100 million Americans touched by medical debt
(DBN)

COVID August 26, 2022, Update on Cases, Hospitalizations and Deaths
(DBN)

How a Big COVID Relapse Could Soon Hit America—and the World
(DBN)

Omicron booster shots are right around the corner
(DBN)

Latest Covid Boosters Are Set to Roll Out Before Human Testing Is Completed
(WSJ)

Government to pause free at-home COVID tests by Sept. 2
(DBN)

____________

 


New Bankruptcy Opinions
(4 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (32 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:

Colorado bankruptcies decline 16% in July
(DBN)

______________

Mass Torts:

Sandy Hook families accuse Alex Jones of transferring millions to himself while claiming bankruptcy Conspiracy theorist Alex Jones accused of hiding millions in assets while claiming bankruptcy The ongoing legal troubles of Alex Jones
(DBN)

3M Bankruptcy Tactic Fails as Combat Earplug Suits Move to Trial 3M Cannot Use Bankruptcy to Halt 230,000 Suits, Judge Says 3M combat earplug lawsuits to proceed, judge rules, despite bankruptcy case 3M loses attempt to halt thousands of earplugs lawsuits 3M stock suffers worst day since 2019 after judge denies protection from earplug lawsuits Bankruptcy judge rejects 3M's plan to minimize earplug liability 3M bankruptcy tactic fails as military earplug suits move to trial: 'This is not an altogether surprising development' 3M (MMM) Responds to Bankruptcy Court Decision Regarding Aearo Technologies Costly settlement now likely for 3M over soldiers who claim hearing damage
(DBN)

____________

Aviation:

Airline's bankruptcy sends Reno, Bay Area airports into tailspin
(DBN)

American Airlines Flight Attendants Just Made a Startling Revelation, and Basically Nobody Is Happy
(DBN)

As Summer Travel Ends, Large U.S. Airlines Face Unit Revenue Challenge
(DBN)

Pilots from a bankrupt airline were just offered jobs by a competitor without a single interview
(DBN)

Strike cancels 60 flights at Portugal's Lisbon airport
(DBN)

Air France Pilots Suspended After In-Flight Cockpit Brawl
(DBN)

____________

Celebs:

Musk tests limits of governance by having children with aide
(DBN)

Elon Musk Is An Idiot
(DBN)

Why Elon Musk's Mom Maye Musk Sleeps in a Garage When She Visits Him in Texas
(DBN)

____________

Labor:

California weighs rules giving fast food workers more power
(DBN)

____________

Tech:

Stiffed vendors, huge financial losses, and a trademark denial: Truth Social faces an uncertain future amid concerns over Trump's dwindling popularity and continued controversies
(DBN)

Short-sellers, lawyers, and academics predict the odds Elon Musk will be forced to close on a $44 billion deal he hates
(DBN)

____________

Climate:

In one Louisiana bayou city, Hurricane Ida is still wreaking havoc
(DBN)

Roman ruins reappear from river in drought-stricken Europe almost 2,000 years later
(DBN)

California to install solar panels over canals to fight drought, a first in the U.S.
(DBN)

Mississippi governor declares state of emergency ahead of massive flooding
(DBN)

____________

Cannabis:

New Yorkers with pot convictions will now be the first to get to sell it
(DBN)

____________

Newspapers:

They were some of the last journalists at their papers. Then came the layoffs.
(DBN)

____________

Agribusiness:

Dried-Out Farms From China to Iowa Put Pressure on Food Prices
(DBN)

Irish farmers say they will be forced to cull cows to meet climate targets
(DBN)

____________

Hotels:

Hotels: Occupancy Rate Down 2.8% Compared to Same Week in 2019
(DBN)

____________

Cruise Lines:

Sinking in Debt of Over $73,000,000,000: The Big Three Cruise Lines Move to Abandon COVID-19 Vaccination and Testing Requirements
(DBN)

____________

Sovereigns:

Default Jitters Stalk Egypt, Sending Traders on a Wild Ride
(DBN)

____________

UK:

Boris Johnson's caretaker government accused of silence as UK energy bills are set to soar 80%
(DBN)

Britain Bets on Futuristic Batteries to Cut Dependence on Gas
(DBN)

UK's Summer of Misery Was Just a Prelude of What's to Come
(DBN)

____________

EU:

Europe is facing a shallow recession due to a worsening energy crisis - but it could get worse if natural gas rationing occurs, UBS says
(DBN)

____________

Russia:

Radiation tablets are handed out near Ukrainian nuclear plant as fears of a leak mount Ukraine, Russia trade more blame on threats to nuclear plant Ukrainian nuclear plant reconnected to grid after Zelenskyy says Europe narrowly avoided disaster Ukraine war 'could last for years,' German foreign minister says Cities near Ukrainian nuclear plant shelled Workers at Ukraine's Zaporizhzhia nuclear plant fear Russian torture ahead of UN visit How Putin's chiefs are being blown up, poisoned & shot by Vlad's enemies as 'net closes on Russian tyrant' Inspectors on way to Ukrainian nuclear plant at center of radiation disaster fears
(DBN)

____________

Peru:

Indigenous leaders get a choice: Join the narcos or run for your lives
(DBN)

____________

MENA:

US Colonel blocked busloads of Americans, allies trying to escape Afghanistan: doc
(DBN)

One year after the Taliban reclaimed power, an Afghan judge reflects on her work overseeing domestic violence cases and adjusting to a new life: 'You take a tree from one place, it's not able to grow tomorrow'
(DBN)

____________

China:

Two Chinese local banks enter bankruptcy procedures
(DBN)

US sails warships through Taiwan Strait in 1st since Pelosi
(DBN)

____________

Italy:

Tens of thousands of businesses risk going bankrupt due to soaring energy prices in Italy
(DBN)

Hundreds of migrants reach Italian shores over weekend
(DBN)

____________

Poland:

In Poland, where coal is king, homeowners queue for days to buy fuel
(DBN)

____________

Australia:

Western Australian man charged with several offences under Bankruptcy Act
(DBN)

____________

France:

French PM Leaves Door Open for Windfall Tax on 'Super Profits'
(DBN)

France Pledges to Shield Households From Soaring Power Prices
(DBN)

____________

Austria:

Austria's largest energy supplier becomes insolvent
(DBN)

____________

India:

IBC prevails over Customs Act once moratorium is executed: Supreme Court Customs department can't sell assets of 'companies in bankruptcy' to recover dues: Supreme Court
(DBN)

Bank credit grows at 15.3%, fastest in 3 years
(DBN)

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