August 31, 2022

The Daily Bankruptcy News

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Law:

How Jones Day's 'conservative machine' helped shape policy in the Trump administration Jones Day Is Divided Between 'MAGA Jones Day' And 'Lawyers Who Enable MAGA Jones Day'
(DBN)

23 Year Prison Sentence For Murderer Of Mayer Brown Partner
(DBN)

Top Ohio Court Rejects Dentons Appeal Testing Big Law Model
(DBN)

Lawyer accused of trying to file fake news article doesn't show up for sanctions hearing
(DBN)

Religious School Pushes To Maintain The Right To Keep LGBTQ Group Off Campus
(DBN)

Maine Religious Schools Would Rather Render It Back To Caesar Than Accept Gay Students
(DBN)

Being A Movie Star Is A Lot More Fun Than Being A Lawyer
(DBN)

Secret Service Official Tony Ornato's Retirement Could Complicate Jan. 6 Probes The phony Trump electors in Michigan inspired a group in NYC to attack the Capitol on Jan. 6: court records show D.C. Officer Daniel Hodges testifies against Capitol rioter who 'crushed' him with shield
(DBN)

Donald Trump 'boasted that he had intelligence' about Emmanuel Macron's sex life Trump lawyers' arguments are already getting into 'very bizarre territory': NYT's Maggie Haberman No, Hillary Clinton's email scandal not the same as Trump's Mar-a-Lago scandal — an ex-FBI agent explains why Trump adds former Florida solicitor general to legal team working Mar-a-Lago probe Trump Hires Former FL Solicitor General To Explain Why Keeping Classified Docs In The Pool Shed Is Very Cool, Very Legal DOJ opposes special master for Trump raid; more than 100 classified docs found U.S. Justice Dept says Trump team may have moved classified papers amid probe
(DBN)

Harvard Law Professor Has Some Clutch Legal Advice For Donald Trump
(DBN)

Judge Vacates Hearing in John Eastman's Motion Over Seized Phone for Lack of 'Good Faith Argument'
(DBN)

Should Trump be indicted? It's still too soon to say
(DBN)

Timeline comes into focus for possible Trump prosecution in Georgia
(DBN)

Their Country Banned Gay Marriage. This Lesbian Couple Got Married Anyway.
(DBN)

Even Artwork About Abortion Is Legally Risky Now Republicans fight abortion backlash with ads — and stealth website edits FTC suit seeks to stop broker's sales of cellphone data that could be used to track visits to abortion clinics A Look At Texas's Abortion Lawsuits: 'The Litigation Is Just Getting Started'
(DBN)

Ghislaine Maxwell prison besties with 'evil,' 'sadistic' murderer Narcy Novack
(DBN)

Top FBI agent resigns amid claims he shielded Hunter Biden from probe: report GOP pols demand Facebook hand over FBI communication on Hunter Biden
(DBN)

Safeway shooter wrote eerie manifesto planning Columbine-style slaughter Safeway Gunman Bought Guns Legally
(DBN)

Intoxicated man kills neighbor while shooting at targets in his backyard, authorities say
(DBN)

Cincinnati Fires Police Officer Heard Using Anti-Black Racial Slur While on Duty
(DBN)

'Brighton Ax Murder': Case Against Former Economics Professor Heads to Trial More Than 40 Years After Wife's Death
(DBN)

Violent street gang broke into Atlanta homes of celebrities, athletes and influencers, prosecutor says
(DBN)

'We'll Leave No Stones Unturned': Last Living Member of The Monkees Sues the FBI to Get Full, Unredacted File on the Iconic Rock Band
(DBN)

'I Was Guilty Before Proven Innocent': Florida Teacher Vindicated After Prosecutors Drop Child Abuse Charge Involving Student Who Threatened Her Online
(DBN)

Colorado Mom Convicted of Plotting to Kidnap Son from Foster Home with Help of QAnon Supporters in Munchausen by Proxy Case
(DBN)

California bill sealing criminal records for many offenders awaits governor's signature
(DBN)

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Judges:

Judge is suspended after he's accused of pointing AR-15-style rifle at stepson
(DBN)

Arizona Judge Rips Rep. Paul Gosar and Other Republicans for Filing Defamation Lawsuit 'Primarily for Purposes of Harassment'
(DBN)

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Wall Street:

Stock futures tick higher as Wall Street tries to recover from third straight day of losses
(DBN)

Wall St falls for 3rd straight session on worries about Fed rate hikes
(DBN)

Shares tumble, yields jump as data fuel rate angst
(DBN)

European Stocks Close Lower On Recession Fears And Rate Hike Concerns
(DBN)

Aggressive Fed Spurs Worries Over Stock Valuations
(DBN)

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Layoffs:

Snap plans to cut staff by 20%
(DBN)

Washington Post weighs cutting 100 jobs
(DBN)

DFW Airport vendor for budget airlines laying off 134 workers
(DBN)

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Retailing:

Best Buy's Profit Tops Diminished Estimates as Demand Slumps Best Buy's quarterly sales drop, as inflation-weary consumers pull back on spending
(DBN)

Bed Bath & Beyond stock soars more than 40% amid 3-day win streak since 'strategic update' announcement Bed, Bath & Beyond's $375 Million Loan Is Temporary Relief Ahead of Crunch Holiday Season
(DBN)

Bed Bath & Beyond shares crater after meme stock files share offering
(DBN)

It's not just inflation. People aren't visiting clothing stores like they used to because they're sick of loungewear.
(DBN)

Amazon Seller Pharmapacks Files for Bankruptcy
(DBN)

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Tech:

Musk attacks Twitter deal over whistle-blower as feud escalates
(DBN)

____________

Student Debt:

Is Joe Biden's student debt forgiveness plan legal?
(DBN)

Education Department cancels $1.5 billion in student debt for 79,000 borrowers
(DBN)

Biden student debt plan fuels broader debate over forgiving borrowers
(DBN)

Planning On What You'll Do With That Extra 10-20k From Student Loan Forgiveness? You Might Want To Put Some Aside For Tax Day.
(DBN)

Higher education is about to get even more political
(DBN)

Republicans Should Bring Back College Debt Bankruptcy, And Here's Why
(DBN)

____________

Autos:

Toyota's July global vehicle output drops again, puts annual target in doubt?
(DBN)

Tesla Owners Complaints on Service Grow Norway: Tesla Owners Out on Hunger Strike
(DBN)

____________

Labor:

Fast-Food Workers Might Finally Get Some Power in California After Years of Disrespect
(DBN)

Unions reach highest approval in US since 1965 71% of Americans Favor Labor Unions
(DBN)

Embattled OHSU faces possible strike of 7,400 health and support workers
(DBN)

____________

Cannabis:

NewAge: Equity Holders Likely To Be Wiped Out In Bankruptcy NewAge, seller of health and wellness products, files for bankruptcy in Delaware
(DBN)

Marijuana use is outpacing cigarette use for the first time on record
(DBN)

____________

Healthcare:

Covenants violated by second junk downgrade for Ohio-based ProMedica Healthcare
(DBN)

US life expectancy lowest in decades after dropping nearly a full year in 2021
(DBN)

Jill Biden tests negative for COVID after rare rebound infection, and U.S. cases are rising in 12 states
(DBN)

Texas confirms first U.S. death in monkeypox outbreak, says patient was "severely immunocompromised"
(DBN)

Unraveling the Interplay of Omicron, Reinfections, and Long Covid
(DBN)

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Economy:

Job openings climb to 11.2 million and show U.S. labor market still going strong BLS: Job Openings "Little Changed" at 11.2 million in July U.S. labor market defies interest rate hikes as job openings rise high in July
(DBN)

Is the Great Resignation Losing Steam? From Great Resignation to Great Regret?
(DBN)

'We're Going To Have One Whopper Of A Recession In 2023': State of U.S. Economy Remains Uncertain
(DBN)

Powell Abandons Soft Landing Goal as He Seeks 'Growth Recession'
(DBN)

Consumer confidence rises for first time in four months on cheaper gas and slower inflation U.S. consumer confidence rises more than expected in August
(DBN)

Global Bond Index Tumbles Toward Bear Market on Powell Push-Back
(DBN)

`Exponentially powerful' fear of losing grip on inflation expectations is driving Fed's need to keep hiking rates Fed knows it has 'a fight ahead' to bring inflation down, Bostic says
(DBN)

Former CBO director warns inflation will take 'years, not months' to cool off
(DBN)

Fed's Barkin says recession 'is obviously a risk' in the process of getting inflation under control
(DBN)

Fed's Williams pushes back on market expectations of a rate cut next year
(DBN)

Fed's Williams Sees No Early End to Balance Sheet Runoff
(DBN)

Fed could 'dial back' 75-basis-point hikes if inflation slows, Bostic says
(DBN)

U.S. needs 'miracle' to avoid recession, Economist Stephen Roach says
(DBN)

Count on a Fed pivot only after this happens, says JPMorgan Funds strategist
(DBN)

The World's 25 Richest Countries
(DBN)

Mapped: The Wealthiest Billionaire in Each U.S. State in 2022
(DBN)

UN says the global food crisis is about affordability, not availability Global food crisis sees 150 million more women than men going hungry
(DBN)

The third richest man in the world behind Musk and Bezos is a college dropout whose fortune has surged $60 billion this year
(DBN)

A Shocking Number of Californians Are Moving to Texas Unless You Do Basic Math
(DBN)

It now costs $310,000 to raise a child: "Something has to give"
(DBN)

France: Russia is using gas supply as 'weapon of war' EU paths to hit Russia dwindle as countries split on visa ban Gazprom says it will halt gas supplies to France's Engie, cites lack of payment Gazprom says H1 net profit $41.8 bln, will pay dividends How could Europe cap surging energy prices? Gazprom to shut down Nord Stream 1 pipeline for 72 hours Europe's Alternatives if Russia Cuts off Gas Supply Why Russia drives European and British gas prices Brits Fear Grim Choices His Winter Austria makes a $ 2 billion loan to a troubled energy supplier Europe Braces for Rationing Risks
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

'Prices are clearly increasing at a slower rate': Housing market cools from April's peak, led by Seattle, San Francisco and San Diego
(DBN)

Mortgage demand falls even further, as rates shoot back up to July highs
(DBN)

MBA: Mortgage Applications Decrease in Latest Weekly Survey
(DBN)

The housing recession will continue and eventually flatten house prices, Goldman Sachs economist says
(DBN)

Case-Shiller: National House Price Index "Decelerated" to 18.0% year-over-year increase in June Comments on June Case-Shiller and FHFA House Price Increases
(DBN)

U.S. house price inflation to plunge in 2023, fair value still a distant dream
(DBN)

Home buyers, panicked by rising rates and prices, are making critical mistakes when buying a house
(DBN)

Roomster accused by U.S. FTC, six states of bilking renters with fake reviews
(DBN)

Mall REITs: Survival Of The Fittest
(DBN)

Rent for a one-bedroom apartment in NYC nears $4,000 for the first time
(DBN)

Months after bankruptcy sale, The One spawns another suit
(DBN)

____________

Municipalities:

America's Fastest-Growing Small Towns
(DBN)

Jackson Out of Clean Water Indefinitely Jackson's Water Crisis Didn't Start Overnight
(DBN)

New Mexico Town About Out of Drinking Water
(DBN)

____________

Oil/Gas:

U.S. gasoline futures settle at lowest since before Ukraine crisis
(DBN)

U.S. Diesel Prices Are Back Above $5
(DBN)

Oil dives nearly $6 a barrel on demand fears, Iraq exports
(DBN)

Inflation Fears Push Oil Prices Back Down
(DBN)

An Iran nuclear deal revival could dramatically alter oil prices — if it happens
(DBN)

____________

Rail:

US Now Has a Freight Rail Crisis Too
(DBN)

____________

Tourism:

Las Vegas July 2022: Visitor Traffic Down 5.3% Compared to 2019
(DBN)

____________

Celebs:

Sylvester Stallone denies 'intentional dissipation' of marital assets amid divorce
(DBN)

Elon Musk's $251 Billion Fortune Increasingly Hinges on SpaceX
(DBN)

____________

Mass Torts:

Will Aearo Bankruptcy Affect 3M Earplug Lawsuits?
(DBN)

Bankruptcy Courts Are Good At Adjudicating Tort Claims
(DBN)

Amicus briefs filed in support of Johnson & Johnson's bankruptcy in appeal
(DBN)

Explained: What is the controversy around J&J's talc-based baby powder?
(DBN)

____________

Personal Finance:

Want to have a better job interview? Avoid these 10 'off-putting' behaviors
(DBN)

____________

Agribusiness:

'There's no sign of any rain': Farmers warn extreme weather will hit food supply
(DBN)

US asks farmers: Can you plant 2 crops instead of 1?
(DBN)

____________

Crypto:

Coinbase, FTX, Binance get inquiries as Congress looks to crack down on $1 billion crypto fraud
(DBN)

Stablecoin Issuer Tether Dismisses Wall Street Journal's Claim of Inadequate Reserves
(DBN)

____________

Radio:

Audacy Denies Bankruptcy Report
(DBN)

____________

Religion:

The long-forgotten Inuit survivors of Catholic abuses
(DBN)

____________

Electricity:

Nuclear Power Is Staging A Remarkable Comeback
(DBN)

____________

Tech:

Truth Social Rejected by Google Play Store for Insufficient Content Moderation
(DBN)

Musk requests to delay Twitter trial to November
(DBN)

____________

 


New Bankruptcy Opinions
(7 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (19 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (18 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)

Cross-Border:

Must Foreign Debtors Have U.S. Property to be Eligible for Relief Under Chapter 15?
(DBN)

____________

Trustees:

Court Says Creditor Can Sue a Liquidating Trustee without Prior Permission
(DBN)

____________

Corporate Governance:

Court Held That Those In Control Of A Limited Liability Company May Owe Fiduciary Duties To The Company And Its Members
(DBN)

The Important Legacy of the Sarbanes Oxley Act
(DBN)

____________

Standing:

Fifth Court: Twenty-Plus Years of Precedent on Bankruptcy Trustee's 'Exclusive Standing' Implicitly Overruled by SCOTX
(DBN)

____________

Mediation:

What To Do With A Mediated Settlement After Breach? (Rivera v. Sharp)
(DBN)

____________

Obits:

Passing of Attorney Thomas Eugene Allen, III
(DBN)

____________

Aviation:

Ryanair 'hopeful' of hitting 1 billion euro profit this year - CEO
(DBN)

Europe short-haul aviation won't match pre-COVID peak before 2025 - Ryanair CEO
(DBN)

Ryanair CEO says recovery remains fragile, risks remain
(DBN)

China's top airlines post steep Q2 losses on COVID curbs
(DBN)

Mexican judge declares local airline Interjet bankrupt Interjet Formally Enters Into Mexican Bankruptcy Process
(DBN)

____________

Newspapers:

Frustrations Mount at Washington Post as Its Business Struggles
(DBN)

____________

Fraud:

Spain's Abengoa wins dismissal of U.S. shareholder lawsuit alleging fraud
(DBN)

Former Maryland mayor who died in January accused of embezzling $2.2 million from DC charter school system
(DBN)

Settlement in the works between imprisoned Matson and LandAmerica trustee
(DBN)

____________

Lighting:

Lumileds Receives Court Approval of First Day Motions
(DBN)

Lumileds Cleared to Borrow $175 Million Despite 'Rich' Fee
(DBN)

____________

Climate:

Labor Day heat wave will bring scorching triple-digit temperatures up to 115ºF in California
(DBN)

What are travelers prepared to do for sustainability?
(DBN)

Lake Mead's water level has never been lower. Here's what that means.
(DBN)

How Is Climate Change Affecting Floods?
(DBN)

Deadly storms strike Midwest
(DBN)

First Solar pledges big U.S. factory expansion thanks to climate law
(DBN)

After the slowest start in decades, hurricane season may be heating up
(DBN)

____________

Politics:

With legal peril rising, Trump turns to QAnon and 4chan memes for support Trump shares barrage of QAnon content and other conspiracy theories on his social media platform
(DBN)

Trump is losing it on Truth Social as his legal troubles continue to mount
(DBN)

'There's enormous frustration': Trump forces Republicans off-script… again
(DBN)

GOP starting to distance from Trump — but 'it's too late to cut the cord' before midterms: MSNBC's Heilemann
(DBN)

'Neighbor from hell': Trump fan terrorizes local woman by hanging mutilated dolls and pro-gun posters on his fence
(DBN)

Antifa members clash with Proud Boys protesters at Texas kids' drag brunch
(DBN)

Commission calls for stripping Robert E. Lee of honors at West Point
(DBN)

____________

UK:

Britons borrow on credit cards at fastest pace in 17 years as inflation bites
(DBN)

Mass closures for pubs and brewers as energy bills spike 300%
(DBN)

Goldman warns UK inflation could top 20% as recession nears
(DBN)

____________

EU:

Chorus backing big ECB rate hike grows
(DBN)

Euro zone inflation hits another record of 9.1% as food and energy prices soar
(DBN)

Near 50-year high German inflation strengthens case for larger ECB rate rise
(DBN)

ECB's Lane sees euro area slowdown, does not rule out technical recession
(DBN)

____________

Canada:

Canadian banks brace for uncertainties after mixed quarter
(DBN)

____________

Germany:

German Inflation Accelerates to Record as ECB Weighs Next Hike
(DBN)

____________

China:

China Evergrande bondholders push own plan for debt restructuring
(DBN)

'Only the fittest can survive', says China property giant Country Garden after reporting 96% fall in profit
(DBN)

China's largest banks show wounds from property sector crisis
(DBN)

Biden administration to ask Congress to approve $1.1B arms sale to Taiwan
(DBN)

Millions in new COVID lockdown as China keeps strict policy
(DBN)

____________

Russia:

Kherson counter-attack could give Vladimir Putin a bloody nose – or provoke his wrath Russian Proxy Leader Reportedly Flees Amid Ukraine's Kherson Counteroffensive Biden Wants to Block Another Crimea-Style Land Grab by Russia Ukraine has hobbled Russia's Black Sea Fleet. Could it turn the tide of the war? Ukraine lures Russian missiles with decoys of U.S. rocket system
(DBN)

First of 'hundreds' of Iranian drones arrives in Russia
(DBN)

The Vatican, for the first time, calls Russia the aggressor in the war.
(DBN)

Rotting food and dirty cells: Recently freed Trevor Reed discusses life in Russian prison
(DBN)

Russia and the U.S. are entering 'dangerous and uncharted' nuclear territory
(DBN)

____________

MENA:

Iraqi Kurdistan faces prospect of decline in oil output, insolvency
(DBN)

____________

India:

Supreme Court upholds the overriding effect of IBC
(DBN)

____________


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