August 4, 2022

The Daily Bankruptcy News

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Law:

Biglaw Associates Really Hate The Billable Hour
(DBN)

Typos Can Be A Huge Hassle For Lawyers
(DBN)

How a Big Law Firm Went Bust: Dewey Chair Talks Stunning Demise Ten Years On – Bloomberg Releases Documentary on the Collapse of Dewey LeBoeuf Steven Davis and the Rise and Fall of Dewey & LeBoeuf (Video)
(DBN)

Law firm Crowell sues for $2.2 mln in fees after biotech client's COVID shortfall
(DBN)

Duane Morris opens in Fort Worth as Texas draws large law firms, article with image
(DBN)

Kris Kobach Might Be The Next Attorney General Of Kansas So Let's All Remember That He's So Bad At Law A Judge Ordered Him To Take Remedial Classes
(DBN)

GOP Rep. Adam Kinzinger says it's 'bad' for Trump that a grand jury investigating the Capitol riot subpoenaed his former White House counsel Durbin calls on DOD watchdog to probe 'wiped' Jan. 6 texts Esper downplays missing Jan. 6 texts: 'We need to let this process play out'
(DBN)

DOJ subpoenas Trump White House counsel Pat Cipollone
(DBN)

Justice Department sues Peter Navarro for Trump White House emails Trump Aide Navarro Sued by US Over Private Email Account Records
(DBN)

U.S. Senate panel seeks legislative path to avoid repeat of Jan. 6 violence
(DBN)

Amber Heard was accused of editing photos of her bruises during her defamation trial. Unsealed documents show her team accused Johnny Depp of the same thing.
(DBN)

Biden Praises 'Powerful' Kansas Vote on Abortion, Signs New Order 4 charts that show just how big abortion won in Kansas Abortion-Rights Win in Kansas Hints at Risks for GOP in Midterms Kansas Kicks Off String of Abortion Ballot Measures Post-Roe Number of patients traveling for abortion overwhelmingly increased post-Roe Idaho abortion ban conflicts with federal law on emergency room treatment, DOJ suit says Biden signs executive order to support patients traveling for abortions Roe jolts the midterms — 5 takeaways from a key primary night The DOJ is suing to make sure women who need medically necessary abortions can actually get them Texas Abortion Law Made Her Pregnancy a Medical Nightmare
(DBN)

Supreme Court to Hear Harvard Affirmative-Action Case This Fall
(DBN)

Lawyer Mark McCloskey, who waved gun at protesters, garners just 3 percent of GOP Senate primary vote
(DBN)

Military can court-martial reservists with 'de facto retirement status,' federal appeals court says
(DBN)

Self-defense law doesn't protect officer who shot at charging dog and injured child, top state court rules
(DBN)

Grieving father erupts at Parkland school shooter's trial
(DBN)

'Detective of the Year' Accused of Sending Sexually Graphic Messages to Online Decoy He Thought Was a 14-Year-Old Girl
(DBN)

Kidnapped Girl Chewed Out of Her Restraints, Led Authorities to Where Man Had Two Decomposing Bodies: Sheriff
(DBN)

Pennsylvania Supreme Court Nixes Republican Challenge to Mail-In Voting Law Originally Supported by State GOP Lawmakers
(DBN)

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Judges:

Prosecutor seeking judgeship says he has moved on since impregnating defendant
(DBN)

Justice Brown Jackson Won't Shift the Court, but Will She Shake Up the Liberals?
(DBN)

Samuel Alito, a workhorse on the Supreme Court, shapes its conservative path
(DBN)

Justice Elena Kagan has a prescription for an ailing Supreme Court
(DBN)

______________

Wall Street:

Stock futures tick up as Wall Street awaits new economic data
(DBN)

Dow rallies 415 points as brighter economic data and corporate earnings soften recession worries
(DBN)

Wall Street's confidence in the stock market is the lowest in 5 years as markets price in an 80% chance of a mild recession, Bank of America says
(DBN)

Wall Street Bonuses Poised to Plunge Following Slowdown in Deals
(DBN)

______________

Layoffs:

Walmart Cuts About 200 Corporate Jobs in Streamlining Effort
(DBN)

Credit Suisse Mulls Cutting Thousands of Jobs to Revive Lender
(DBN)

Beyond Meat Cuts About 40 Jobs in Cost-Cutting Move
(DBN)

Job cuts and smaller bonuses loom for Wall Street bankers amid deals slowdown
(DBN)

______________

Religion:

Mormon Church: Seven Years of Sex Abuse
(DBN)

____________

Sports:

Mickelson and 10 Other LIV Golfers Sue PGA, Calling It Illegal Monopoly
(DBN)

NFL player Calvin Ridley bet $1,500 on NFL games — was suspended and may lose $11 million in salary
(DBN)

____________

Retailing:

Bed Bath & Beyond Weighs Private Loans as Retailer Burns Though Cash
(DBN)

Walmart lays off corporate employees after slashing forecast
(DBN)

____________

Tech:

Goldman, JPMorgan Subpoenaed by Elon Musk Over Twitter Deal
(DBN)

Just 9% of tech workers feel secure about their jobs right now
(DBN)

____________

Transit:

NYC Subway Use Is Rebounding Faster on Weekends Than Weekdays
(DBN)

____________

Climate:

McKinney fire has hit the stratosphere, spewing the 'fire-breathing dragon of clouds' In photos: McKinney Fire in California burns more than 57,500 acres amid perilous conditions
(DBN)

Europe's Parched Earth Hits Corn as Climate Crisis Reverberates
(DBN)

Texas Power Grid Facing Test as 104-Degree Heat Bakes State
(DBN)

July heat records shattered across the U.S.
(DBN)

Melt record set in rapidly warming Svalbard, Norway
(DBN)

The US could stop one cause of heat wave deaths tomorrow
(DBN)

UN warns two largest US water reservoirs at 'dangerously low levels'
(DBN)

Mexico's Cruel Drought: 'Here You Have to Chase the Water'
(DBN)

More Info on the Bodies Found in Lake Mead
(DBN)

Uniper Warns on German Coal Output as Rhine River Evaporates
(DBN)

____________

Food/Beverage:

A McDonald's has banned minors from eating there after 5 p.m. without their parents after staff were subjected to 'verbal and physical abuse'
(DBN)

____________

Nursing Homes:

It was once the largest nursing home in N.J., now just 15 residents remain in a facility soon to close
(DBN)

____________

Healthcare:

Fauci: Not being up-to-date on your Covid vaccines and boosters means 'trouble'
(DBN)

LA school district drops strict COVID-19 protocols
(DBN)

San Diego County declares monkeypox public health emergency
(DBN)

DeSantis claims concern over monkeypox is overblown
(DBN)

We Beat Polio in 1979. Or So We Thought
(DBN)

____________


Economy:

ISM® Services Index Increased to 56.7% in July, Employment Contracted US Services Gauge Unexpectedly Climbs to a Three-Month High
(DBN)

Weekly Paychecks Jumped $150 in June in a Dozen US Cities, Declined in NYC
(DBN)

Labor Hoarding Holds Key to How Severe a US Recession May Get
(DBN)

Where the Fed's inflation-crushing campaign may hurt the most
(DBN)

Top Fed officials back aggressive interest-rate hikes until inflation eases
(DBN)

Electricity Is One Part of US Inflation That Congress Can Help Tame
(DBN)

Hiring slowdown? U.S. seen adding just 258,000 jobs in July
(DBN)

The confusing job market: Tech and finance brace for the worst, travel can't hire fast enough
(DBN)

Swaps Show 1-in-2 Odds of 75-Basis-Point Fed Hike in September
(DBN)

These charts show why we may not be in a recession
(DBN)

Junk Bond Market Is Signaling the US Will Avoid a Recession
(DBN)

Democrats' plan would decrease deficit by more than $100B: CBO
(DBN)

Former Treasury secretaries backing Inflation Reduction Act
(DBN)

Heavy Truck Sales Solid in July
(DBN)

No More Office High Heels: Women Go Back to Work in Sneakers
(DBN)

The Fed is fighting inflation. So is remote work
(DBN)

These 11 cities give you the best chance to earn more money than your parents
(DBN)

Estonia's Top Diplomat Wants EU-Wide Ban on Russian Visas UK's Ofgem Warns Households to Prepare for Difficult Winter
(DBN)

Don't Count on Social Security Being There
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

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

Salary Needed to Buy a Home in 50 Cities
(DBN)

American Dream fails to make $8.8M interest payment on $290M in N.J.-backed bonds
(DBN)

Call it a 'crash,' call it a 'recession': The housing market is so weird right now that no one knows how to describe it
(DBN)

New owner plans 'middle-class' housing in Cathedral City development stalled by bankruptcy
(DBN)

____________

Municipalities:

LA Mayor Hopeful Bass Sees City Gripped by Bad Business Climate
(DBN)

Court approves fourth PREPA mediation extension
(DBN)

____________

Oil/Gas:

U.S. oil benchmark ends sharply lower after rise in crude, gasoline inventories
(DBN)

OPEC's Meager Supply Hike Shows Limited Powers to Help Biden
(DBN)

Natural Gas Surges With US LNG Export Terminal Set for Fast Restart
(DBN)

Summer Gasoline Demand in US Drops Below Pandemic Levels
(DBN)

Gas prices are slipping but stubborn demand and reluctance from oil companies to expand production means its not enough, says Biden energy adviser
(DBN)

Gas nears $4 a gallon, but hurricane season may bring new pain
(DBN)

UN secretary-general urges governments to tax 'immoral' oil and gas profits
(DBN)

The Electrification of Transport Is Happening in Odd and Interesting Places
(DBN)

____________

Autosa:

Chip makers have a message for car makers: Your turn to pay
(DBN)

____________

Crypto:

Are All Crypto Entities Eligible to File for Bankruptcy Under Chapter 11?
(DBN)

Let's Make Some Crypto Law!
(DBN)

Two Sides of the Same Coin? Cryptoassets and Estate Property in Bankruptcy
(DBN)

Want to Strike Terror in Crypto Markets in 2022? Just Say You're Suspending Withdrawals
(DBN)

New York financial regulator levels its first crypto enforcement action on Robinhood
(DBN)

Solana Brings Crypto to Real World While Virtual Setbacks Abound
(DBN)

Coinbase Asks Supreme Court to Halt User Suits in Crypto Cases
(DBN)

The crypto crackdown begins New crypto oversight legislation arrives as industry shakes
(DBN)

Portuguese Crypto Exchanges Dealt a Blow as Banks Close Accounts
(DBN)

Bitcoin Miner Made Millions in Credits by Shutting Rigs During Texas Heat
(DBN)

CEO of Bankrupt Voyager Sold $30M in Company Shares Near Stock's Peak in 2021
(DBN)

Buy Crypto Now, Pay for It Later
(DBN)

Michael Saylor Bet Billions on Bitcoin and Lost
(WSJ)

Senate Plan Would Put Bitcoin, Ether Under Commodity Regulator's Watch
(WSJ)

____________

History:

Last Convicted Salem Witch is Finally Cleared
(DBN)

____________

Politics:

A losing anti-abortion referendum in Kansas cranked up voter turnout by a staggering amount, flagging a massive new problem for Republicans
(DBN)

Trump still holds sway in GOP as MAGA candidates win in key primary races
(DBN)

Impeachment Republicans dwindle
(DBN)

QAnon candidate Ron Watkins finished dead last in his Arizona GOP primary race
(DBN)

Two 'Squad' members survive primary challenges
(DBN)

Sinema Gets Earful From GOP and Business Lobby in Bid to Halt Tax Plan Sinema Seeks to Retain Private Equity Break, Curb Corporate Tax Sinema eyes changes to tax, climate portions of reconciliation bill Manchin-Schumer Bill Gets Budget-Office Nod for $102 Billion Deficit Cut Manchin Deal Tosses $30 Billion Lifeline to US Nuclear Reactors
(DBN)

The Senate climate bill may get you cheap energy, clean air, and a job
(DBN)

Sanders tears into Manchin's surprise deal, saying it dropped a lot of Democratic social programs like the child tax credit
(DBN)

Democrats at Odds Over EV Tax Credit in Manchin-Schumer Bill
(DBN)

GOP's Ron Johnson Faults 'Entitlements,' Handing Democrats a Weapon
(DBN)

Arizona Republicans Thrust 2020 Denial to Forefront of Midterms
(DBN)

AZ: Another Audit Disproves Voter Fraud
(DBN)

Meghan McCain: Arizona has gone 'full blown MAGA'
(DBN)

Election workers "in the crossfire" of fraud rhetoric, secretaries of state say
(DBN)

Indiana Trans Student Gets Support From Other States in Fight Over Restroom Use
(DBN)

Iowa school district sued over transgender student policy
(DBN)

Kinzinger on Meijer defeat: 'Democrats own that'
(DBN)

____________

 


New Bankruptcy Opinions
(6 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (16 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (10 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:

Hawaii bankruptcies on downward trend
(DBN)

______________

Bankruptcy Reform:

Corporate bankruptcy reformation in the US
(DBN)

____________

Mass Torts:

Alex Jones' lawyer accidentally sent the contents of Jones' phone, revealing InfoWars' financials and texts he claimed didn't exist: Sandy Hook parents' attorney Alex Jones's Lawyer Face Plants In EPIC Discovery Fail Judge Scolds Alex Jones For Lying On The Stand As Opposing Sandy Hook Counsel Demands Sanctions Alex Jones, Under Questioning, Is Confronted With Evidence of Deception 'Do You Know What Perjury Is?': Alex Jones' Lawyers Apparently Forwarded His Damning Texts To Opposing Counsel 'Speech Is Free, But You Have to Pay for Your Lies': Sandy Hook Family's Lawyer Urges Jury to Give Alex Jones's 'Hoax' Claims a Heavy Cost After Alex Jones' lawyers accidentally leak years of emails, Infowars financial documents are revealed in court Alex Jones Stunned as Lawyer for Sandy Hook Parents Has 'Perry Mason Moment' Exposing Text Messages and Crucial Attorney Mistake Alex Jones, seconds after being told that his lawyer mistakenly send a huge cache of texts to Sandy Hook families' attorney: "This is your Perry Mason moment" Sandy Hook families say Alex Jones' company 'fabricated' debt in bankruptcy filing Alex Jones Grilled Over Conspiracy Theories About the Trial Judge — and a Broadcast Showing Image of Her 'on Fire' Alex Jones concedes Sandy Hook attack was '100% real' Alex Jones says his Sandy Hook hoax claims were "crazy" amid defamation trial He squirmed, he sweated and then finally folded: After 10 years of causing 'utter misery' to bereft Sandy Hook parents Alex Jones finally admitted massacre of 20 children was no hoax Alex Jones Can't Pretend His Way Out of This Reality The Alex Jones Trial Is As Messy As You'd Expect Alex Jones Could Lose His $300,000 Armored Truck, Poor Guy Here Are the 5 Wildest Moments From Alex Jones's Sandy Hook Defamation Trial Alex Jones Confronted By Infowars' Attacks On Judge And 'Extremely Blue Collar' Jurors As Sandy Hook Parents Seek Defamation Damages Sandy Hook Parents Want To Stop InfoWars Bankruptcy Payments To Alex Jones New head of Alex Jones' company faces questions from lawyers for Sandy Hook families Jury begins deliberation in Alex Jones defamation case Alex Jones Sandy Hook Trial: What to Know Amid Closing Arguments
(DBN)

Church's part of BSA bankruptcy approved
(DBN)

____________

Aviation:

Airlines Set to Save Billions With Fuel Hedges After $100 Oil
(DBN)

Transportation Department proposes stricter rules for airline refunds after complaints surge
(DBN)

Passengers spent 2 hours flying at low altitude because the plane took off with too much fuel, reports say
(DBN)

Booking Forecasts Record Sales, Confirming Strength in Travel
(DBN)

Lufthansa Gives Upbeat Outlook as Fare Surge Survives Disruption
(DBN)

____________

Video Games:

Nintendo, like other game companies, reports sales decline
(DBN)

____________

Gig Economy:

Number of Uber drivers hits record high of 5 million globally as cost of living soars — with 70% of new employees citing inflation as their primary reason for joining the company
(DBN)

____________

Insurance:

Weston Insurance heads for insolvency following rating downgrade Weston Insurance Becomes Fifth Florida Insurer to Go Insolvent This Year
(DBN)

____________

Coal:

Coal industry 'shocked and disheartened' by Manchin climate deal
(DBN)

NLRB: Mine workers to pay Alabama coal company over $13M Striking Alabama coal miners refuse to pay $13.3 million in ordered damages
(DBN)

____________

Weddings:

Wedding Photographer Goes Bankrupt Leaving 800 Couples without Their Photos or Money
(DBN)

____________

Cosmetics:

Revlon: Lipstick on a Pig? Part XXV (but Chapter 11)
(DBN)

____________

Education:

Burning Down The House: Teachers Willing To Hurt Kids Over Enforcing 'Anti-CRT' Laws
(DBN)

Oklahoma Board of Education Downgrades Accreditation of Two Public School Districts for Alleged Violation of Anti-Critical Race Theory Bill
(DBN)

____________

Labor:

Reuters US Journalists Plan to Strike For First Time In Decades
(DBN)

____________

Horses:

Walden equestrian and rescue center named in rape case files for bankruptcy
(DBN)

____________

Waste:

San Antonio waste company files for bankruptcy amid rising dump fees
(DBN)

____________

Sovereigns:

Sri Lanka leader proposes 25-year plan for crisis-hit nation Real debt trap: Sri Lanka owes vast majority to West, not China
(DBN)

China bails out debt-ridden Pakistan
(DBN)

____________

UK:

Rising energy bills and staff shortages driving UK companies into insolvency
(DBN)

BOE Raises Rates by Most Since 1995, Warns of Long Recession
(DBN)

____________

EU:

Europeans Warn ECB About Fears of Rising Prices, Economic Slump
(DBN)

____________

China:

It's time to start worrying about China again
(DBN)

Pelosi Stares Down Xi's Threats, Giving China a Reality Check Pelosi's Taiwan Trip Left the White House Scrambling for a Plan How Biden bungled the Pelosi trip
(DBN)

Property crisis threatens to drag down a third of China's steel industry
(DBN)

China State-Backed Builder's Dollar Bonds Slump as Worries Mount
(DBN)

China Locks Down Part of Tropical Tourist Hub as Covid Spreads
(DBN)

____________

Argentina:

Argentina Hyperinflation Fears Overblown, Debt Adviser Marx Says
(DBN)

Argentina's New Economy Czar to Lay Out Fresh Strategy
(DBN)

Argentina Pledges to End Budget Financing Via Money Printing
(DBN)

____________

Mexico:

Mexican Economy to Stall Next Year as US Slows, BofA Says
(DBN)

____________

Germany:

Germany Rules Out Covid Lockdowns, School Closures This Winter
(DBN)

____________

Russia:

McConnell to senators looking for excuse to oppose Finland, Sweden NATO bids: 'Good luck' US Senate Ratifies NATO Membership for Finland and Sweden
(DBN)

UN: Ukraine Nuclear Plant is Out of Control
(DBN)

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