August 5, 2022

The Daily Bankruptcy News

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Law:

What makes associates happy? Partners and billable-hour expectations are key
(DBN)

Dewey Think This Former Biglaw Leader Is Sorry His Firm Crashed And Burned In A Historic Collapse?
(DBN)

Eric L. Pruitt Named Chair of Baker Donelson's Corporate Restructuring and Bankruptcy Group
(DBN)

A Tribute to Jerome L. "Jerry" Kaplan
(DBN)

A Look At The Legal Profession's Continued Diversity Efforts
(DBN)

10 Reasons Why I Love Being In-House
(DBN)

Should the Bar Exam Be Reconsidered? Lawyers Weigh In
(DBN)

Productivity Data: Here's How Lawyers Get Work Done
(DBN)

If You're Just Finding Out Amy Wax Invited A White Supremacist To Her Class, There's So, So Much More!
(DBN)

PGA Tour, LIV Golf Battle Lures Big Law Titans on Both Sides
(DBN)

The LSAT's Potentially Numbered Days
(DBN)

Dechert agrees to pay former client £20m
(DBN)

Ex-Jones Day partner facing jail for 'burn it' order
(DBN)

Partner enrages neighbour with new mansion
(DBN)

Firm told by landlord to address 'toilet abuse'
(DBN)

Sandy Hook attorney: Jan. 6 panel asks for Alex Jones' texts Lawyer Says He Intends to Give Alex Jones's Texts to House Jan. 6 Panel Alex Jones' cellphone records include 'intimate messages with Roger Stone,' Sandy Hook attorney says Jan. 6 Rioter Who Wore 'Tactical Citizen' Hat While Inside U.S. Capitol Successfully Evades Jail Time Pro-Trump Influencer Convicted in Jan. 6 Capitol Attack Sparks Judge's Ire After Public Response to Accidental Release of Documents Revealing His Cooperation with Feds
(DBN)

Trump is brushing off concerns about the DOJ's Capitol attack investigation while his lawyers warn that indictments may be coming
(DBN)

Feds Move to Seize R. Kelly's 'Substantial' Inmate Trust Account Because Convicted Sexual Predator Failed to Pay Fines
(DBN)

Report: DHS inspector general previously accused of misleading investigators Missing Jan. 6 texts add to scrutiny surrounding DHS watchdog
(DBN)

Justice Department Sues Peter Navarro, Seeks Trump-Era Emails from Personal ProtonMail Account
(DBN)

Georgia DA defends subpoena for Graham over moves 'interconnected' with Trump
(DBN)

Rudy Giuliani's Third Ex-Wife Demands He Pay $262,000 or Go to Jail
(DBN)

Georgia Man Facing Life Sentence for Racially Motivated Killing of Ahmaud Arbery Begs Federal Judge for Leniency
(DBN)

Smoker can sue tobacco company for consumer fraud, even though she didn't use its products, state supreme court says
(DBN)

New UCLA School of Law project studies movement to undermine critical race theory teaching
(DBN)

Lawyer disbarred with espionage conviction shouldn't regain law license, ethics panel says
(DBN)

Discriminate At Your Own Risk: Colorado's Employment Discrimination Laws Are Getting Quite The Rehaul
(DBN)

Ivanka and Donald Trump Jr. sit for depositions as part of NY probe into Trump Organization's finances
(DBN)

After Supreme Court ruling, it's open season on US gun laws
(DBN)

Four current, former Louisville police officers federally charged in Breonna Taylor's death Cops Connected to Raid that Killed Breonna Taylor Falsified Paperwork, Conspired to Lie, and Violated Civil Rights Laws: DOJ What to Know About Breonna Taylor's Death
(DBN)

Parkland jury making rare visit to bloodied school building Parkland jurors hear 3rd day of heartbreaking testimony
(DBN)

Gabby Petito's mom says daughter's killer 'wanted to look like the good guy'
(DBN)

In the midterm elections, abortion rights are top issue for young voters
(DBN)

DeSantis suspends state attorney for refusing to enforce laws on abortion, transgender surgery Suspended Prosecutor Hits Back at DeSantis Senate Dems push Biden to ease access to abortion pills Senators introduce bill to help people with disabilities access reproductive health care Director: FBI has opened 'a number' of abortion-related violence investigations The outlook for an abortion rights amendment in Florida Mexico clinics flooded with requests from U.S. women seeking abortion medication The Abortion Rights Group Other Activists Want Nothing to Do With Through Her Eyes: The U.S. Supreme Court's Dobbs Decision
(DBN)

Pitching G.O.P. on Gay Marriage Bill, Baldwin Leaves Nothing to Chance
(DBN)

San Francisco's ousted district attorney won't run again
(DBN)

The ACLU says Border Patrol agents are confiscating Sikh men's turbans
(DBN)

US to issue ID to migrants awaiting deportation proceedings
(DBN)

Florida woman driving golf cart on I-95 arrested for DUI, troopers say
(DBN)

Uvalde School District Claims It Doesn't Possess Video Taken Day of School Shooting
(DBN)

Murder Charge Expected Against Texas Woman Who Allegedly Pumped Gas into Backseat of Car, Set Boyfriend on Fire, and Drove Away Smiling
(DBN)

GOP Governors Cause Havoc by Busing Migrants to East Coast
(DBN)

McDonald's worker shot over fries is brain-dead, gunman held without bail
(DBN)

'Honor Killing' Dad Molested Girls Years Before Allegedly Shooting Them, Mom Testifies
(DBN)

______________

Judges:

The NRA's Shadowy Supreme Court Lobbying Campaign
(DBN)

The most pro-business Supreme Court ever
(DBN)

Lengthier opinions and shrinking cohesion: Indications for the future of the Supreme Court
(DBN)

How Ruth Bader Ginsburg Will Have The Last Laugh on Samuel Alito
(DBN)

FBI Admits It Got 4,500 Tips on Brett Kavanaugh—Then Punted Them to Trump Team
(DBN)

Led by AAPI scholars, thousands of academics tell Supreme Court they support affirmative action
(DBN)

Alex Jones Calls Judge 'Dwarf Goblin'
(DBN)

Judges Making Mischief In The Courts
(DBN)

______________

Wall Street:

Stock futures are flat with all eyes on the July jobs report
(DBN)

Wall Street bonuses could be cut by as much as 45% Wall Street's lavish bonuses are getting slashed
(DBN)

______________

Layoffs:

Starbucks Is Firing a Huge Number of Pro-Union Workers
(DBN)

Job growth was likely strong in July, but it could slow in coming months with more layoffs
(DBN)

______________

Movies:

'Batgirl' cost a modest $90 million and was still too much of a risk for theaters — that's bad news for the movie business
(DBN)

____________

Religion:

Seven years of sex abuse: How Mormon officials let it happen 4 takeaways from AP's Mormon church sex abuse investigation
(DBN)

ID Theft, Fraud, Prison: The Wild Life of a Bishop Robbed at the Pulpit
(DBN)

____________

Autos:

Carmakers' China decline is global warning
(DBN)

Lucid sinks 11% as the EV maker slashes production forecast to as low as 6,000 vehicles on supply chain disarray
(DBN)

____________

Hotels:

Hotels: Occupancy Rate Down 3.8% Compared to Same Week in 2019
(DBN)

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Distressed Investing:

Distressed Opportunity Bulletin
(DBN)

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Nursing Homes:

Nursing home chain's tangled corporate structure and bankruptcy threats stymied litigation
(DBN)

____________

Healthcare:

Biden to declare monkeypox public health emergency White House scrambles to play catch-up on monkeypox response
(DBN)

African monkeypox cases not concentrated among gay men, experts say
(DBN)

Spain leads Europe in monkeypox, struggles to check spread
(DBN)

After repeating early covid mistakes, USA now has world's biggest outbreak
(DBN)

Long COVID comes in three forms: study Long Covid symptoms affect 1 in 8
(DBN)

Cruise Lines Relax COVID Testing and Vaccination Policies
(DBN)

How Florida Twists Science on Trans Kids
(DBN)

____________


Economy:

Applications for US jobless claims up again last week US jobless claims climb again, near highest since November Weekly Initial Unemployment Claims increase to 260,000
(DBN)

Goldman July Payrolls Preview
(DBN)

July Employment Preview
(DBN)

Jobs data could fuel recession fears and signal a pivot in sentiment. This is what you should watch for.
(DBN)

Gloomy about the economy and inflation, Americans remain upbeat about jobs.
(DBN)

A job market slowdown is expected as the Federal Reserve taps the brakes.
(DBN)

With recession anxiety growing, hiring may be cooling off
(DBN)

Elon Musk predicts the US will have a 'mild recession' for 18 months
(DBN)

More Americans Are Going Hungry, and It Costs More to Feed Them
(DBN)

Treasury Curve Inversion Deepens as Yields Jump and Then Plunge
(DBN)

Meet the Doomsayers: Five Who Say US Economy Will Keep Shrinking
(DBN)

Fed's Soft-Landing May Have Just Touched Down, Despite Hang-Ups On The Word 'Recession'
(DBN)

Remote workers pushed up incomes and home prices in these cities
(DBN)

Companies hoarding workers could keep the labor market strong
(DBN)

Sinema's Demands on Carried Interest, Taxes Imperil Manchin Deal Inflation Reduction Act drops most of Biden's proposals to tax the rich Ex-IRS heads say reconciliation bill will help agency target wealthy tax cheats Democrats say they've reached agreement on economic package Dem, Sinema reach deal on new taxes in Inflation Reduction Act Democrats Near Climate and Tax Deal, Dropping Carried Interest All 50 Senate Democrats reach agreement on Manchin's Inflation Reduction Act, Schumer says, saving Biden's agenda Revealed: Joe Manchin's price for supporting the climate change bill
(DBN)

Democrats Blast Companies Paying 1.1% Rate in Pushing New Tax
(DBN)

The I.R.S. says new funding won't mean more audits for middle-income Americans.
(DBN)

Ron Johnson suggests Medicare, Social Security be approved on annual basis Chris Wallace calls Ron Johnson's Social Security, Medicare idea 'suicidal politics'
(DBN)

'A movie set': Former supervisor at baby formula plant says flaws were hidden
(DBN)

Russian sanctions have been working in an unexpected way, and history says the West will come out on top in the economic struggle, economist Paul Krugman says Fears are growing that Russia could cut off Europe's gas supplies altogether, thrusting the continent into a deep recession A German refiner is reportedly seeing a run on oil and diesel as heat waves and supply constraints cause chaos in Europe's energy market 'There's no path out of economic oblivion for Russia': new report reveals how corporate exodus has already wiped out decades of post-Cold War growth Vladimir Putin's Rumored Girlfriend, Former Olympic Gymnast Alina Kabaeva, Sanctioned by U.S. Gazprom says gas turbine delivery to Russia 'impossible' due to sanctions European energy customers should shoulder high costs to encourage consumption changes, IMF says A price cap on Russian oil could push crude past $130 even if OPEC+ increases production, Bank of America says Beyond yachts and planes: U.S. turns to foreign agent laws to curb Russian influence
(DBN)

Trade Deficit decreased to $79.6 Billion in June
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

Mortgage rates fall below 5%
(DBN)

A 'shakeout' among mortgage lenders is coming, says bank CEO who left the business
(DBN)

GOP takes issue with 'sensitive information' released in eviction report
(DBN)

Defunct Phoenix retail center being transformed into mixed-use project with new retail, housing
(DBN)

Fund usage questions remain as GOMO bankruptcy winds down
(DBN)

Denver Real Estate in July: Sales Off 31.6% YoY, Inventory Up 81.5%
(DBN)

'Real Housewives of Beverly Hills' Star Erika Jayne and Tom Girardi Find Buyer for Pasadena Mansion
(DBN)

____________

Municipalities:

FBI arrests former Puerto Rico governor on bribery charges Former Governor of Puerto Rico Arrested on Bribery Charges After Being Swept into Office Amid Massive Government Corruption Scandal
(DBN)

____________

Oil/Gas:

U.S. oil prices fall below $90 a barrel for the first time since February.
(DBN)

Gas prices are finally coming down, but how far?
(DBN)

Why Oil And Gas Executives Are Reluctant To Pull The Trigger On New Deals
(DBN)

EPA announces flights to look for methane in Permian Basin
(DBN)

There is no quick fix to the global energy crisis with OPEC+ capacity at a 20-year low, Goldman Sachs analyst says
(DBN)

Saudi Arabia is on track for its first budget surplus in nearly a decade as the Kingdom rakes in oil revenues amid a global energy crunch
(DBN)

____________

Climate:

Firefighters make gains against deadly California fire Wind-whipped fire leaves Northern California hamlet in ashes
(DBN)

Atlantic hurricane season looks unusually active, NOAA warns
(DBN)

Personal behavior — even Taylor Swift's — is a minor part of climate change
(DBN)

Triple-digit temperatures expected across the country as heat waves hit 73 million people
(DBN)

Oncor Reports $60 Million Boost in Profits
(DBN)

Half the country is in drought, and no region has been spared
(DBN)

Phoenix Tries to Keep Residents Cool as Heat-Related Deaths Soar in Arizona
(WSJ)

A race to save fish as Rio Grande dies, even in Albuquerque
(DBN)

Source of the River Thames Has Dried Out
(DBN)

Fearing looters, Kentucky flood victims refuse to leave wrecked homes
(DBN)

Millions at risk of power and water shortages as two of the nation's largest reservoirs on the brink of "dead pool status," U.N. warns
(DBN)

Iraqis Get Days Off at Temperatures Hit 122
(DBN)

Can The World Really "Adapt" To Climate Change?
(DBN)

Cambridge scientists warn global warming could see extinction-level event in 50 years
(DBN)

____________

Flooring:

How one Armstrong Flooring employee is trying to move on from the bankruptcy
(DBN)

____________

Banking:

Credit Suisse cut by Fitch in latest ratings downgrade
(DBN)

____________

Politics:

The Case for Mandatory National Service
(DBN)

Scope of result in Kansas' abortion vote shocked Democrats Kansas referendum boosts Democrats' midterm focus on abortion 'We found common ground.' How abortion rights were won in conservative Kansas What Pro-Lifers Should Learn From Kansas
(DBN)

Trump blasted by Dick Cheney as former vice president stars in his daughter's latest ad
(DBN)

Trump-aligned challengers ousting GOP legislative incumbents
(DBN)

Far-right mayor wins GOP primary for Nashville US House seat
(DBN)

Michigan's Capitol-Rioter Governor Candidate Finished 4th But Is 'NOT CONCEDING!'
(DBN)

Trump fundraises off of civil service purge
(DBN)

Fight him, shun him ... embrace him? Mastriano's relationship with GOP leaders mirrors Trump's rise.
(DBN)

2020 deniers rack up wins, fueling concerns in both parties
(DBN)

McConnell manages midterm expectations after Trump-backed candidates win
(DBN)

Biden's standing brightens. But Dems still see the midterm prospects as dim.
(DBN)

Trump Insists Fox News 'Would Die Without Me' (Despite Ratings Dominance While Ignoring Trump)
(DBN)

Cable news networks becoming even more politically polarized, study says
(DBN)

At CPAC, Viktor Orban paints bleak picture of 'war' between progressives, Western culture
(DBN)

Dems dodge on Biden '24
(DBN)

____________

 


New Bankruptcy Opinions
(5 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (10 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (1 new filing 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:

July Commercial Chapter 11s Down 13 Percent from Last Year
(DBN)

______________

Mass Torts:

Alex Jones ordered to pay $4.1 million to parents of Sandy Hook A jury ordered Infowars host Alex Jones must pay $4.1 million to 2 Sandy Hook parents — far less than the $150 million the plaintiff's attorneys requested Jury in Alex Jones defamation case to begin deliberations on punitive damages 7 key moments from Alex Jones Sandy Hook defamation trial Mistrial denied as jury weighs damages against Alex Jones in Sandy Hook defamation trial Child porn found in documents Alex Jones sent to lawyers of Sandy Hook families, court filing says Alex Jones Goes Off on His 'Damn Lawyers' for Screwing Him Over Alex Jones Whines, Lawyers Rest, Jury Deliberates In Sandy Hook Defamation Suit Alex Jones Attorney Blunder No Help for Talk Show Host on Appeal Sandy Hook Parents' Attorney Tells Judge 'Various' Federal and 'Law Enforcement' Agencies Want Access to Alex Jones's Inadvertently Disclosed Data As Texas jury deliberates, Alex Jones has more legal troubles ahead Typically bombastic Alex Jones makes for complicated court
(DBN)

InfoWars and Subchapter V Eligibility—Again (In re Free Speech Systems)
(DBN)

Alex Jones' Infowars Pulled In A Ridiculous Amount Of Money Per Day At Its Peak
(DBN)

'A Bitter Result': Purdue Pharma, a Sackler Bankruptcy Filing, and Improving Monetary and Nonmonetary Recoveries in Mass Tort Bankruptcies
(DBN)

____________

Subchapter V:

The Benefits of Subchapter V — But Are You Guaranteed To Stay?
(DBN)

____________

SCOTUS:

Bankruptcy Code § 363(m) Is Now Up For Interpretation At The U.S. Supreme Court
(DBN)

____________

Valuation:

Bankruptcy Court Uses Purchase Price Allocation to Determine Value
(DBN)

____________

Aviation:

Two Muslim Americans sue Alaska Airlines, alleging discrimination
(DBN)

Travelers are hiding their extra clothes in pillows to avoid baggage fees, and a flight attendant says it's a great idea
(DBN)

Are airplane seats too small? FAA soliciting public comments on minimum dimensions
(DBN)

Transportation Dept. Proposes New Rule to Ease Air Travel Chaos for Passengers
(DBN)

____________

Gambling:

Las Vegas Casinos Boom Despite Fears of a U.S. Bust
(WSJ)

____________

Labor:

800 Amazon staff walk out over pay fight
(DBN)

____________

Credit Reporting:

Class-action suit filed against Equifax after millions of scores were affected by glitch
(DBN)

____________

Student Debt:

3 Republican lawmakers just countered Biden's student-loan-forgiveness plans with a bill of their own to help borrowers 'most in need'
(DBN)

____________

Private Equity:

Private Equity Doesn't Want You to Read This
(DBN)

____________

Crypto:

Whose Crypto Is It, Anyway?
(DBN)

Voyager Digital's Bankruptcy Case: The First 3 Weeks.
(DBN)

Bankrupt Voyager: 'Higher and Better' Bids Than FTX 'Low-Ball' on Table
(DBN)

Crypto Winter Is Here – What Does It Mean For Insolvency Practitioners?
(DBN)

A Crypto Giant Froze Their Accounts. Now Customers Are Begging a Judge for Their Money Back.
(DBN)

Voyager customers granted access to $300 million in latest bankruptcy hearing
(DBN)

Voyager Digital Is Cleared to Return $270 Million to Customers
(WSJ)

The crypto winter has investors gearing up for court dates to recoup their losses, while the layoffs continue
(DBN)

Schwab officially jumps into crypto, and warns about it
(DBN)

Twitch streamers are making millions from crypto gambling sites while their audience goes bankrupt
(DBN)

____________

Pensions:

Delphi pension bill hits roadblock
(DBN)

____________

Sovereigns:

In Sri Lanka, the Military Still Runs the Show
(DBN)

China Calls on Zambia Private Creditors to Join Debt Summit
(DBN)

____________

Tech:

Twitter slams Elon Musk's response to its lawsuit Elon Musk's countersuit against Twitter says the company is operating a "scheme" to mislead investors
(DBN)

____________

Pharma:

Why is insulin so expensive and difficult to cap?
(DBN)

____________

Sovereigns:

Cash-strapped Ukraine faces pushback from Wall Street in debt talks: sources
(DBN)

____________

UK:

Bank of England predicts recession at the end of the year Bank of England hikes interest rates by 50 basis points as it tries to tame soaring inflation Bank of England Raises Rates a Half-Point, Its Biggest Increase in 27 Years
(DBN)

Brexit Has Been Unmitigated Disaster
(DBN)

Here's why the price of a pint of beer in the UK is going through the roof
(DBN)

Bankruptcy restrictions totaling 48 years issued for five individuals who took Covid-19 financial support
(DBN)

____________

China:

China Evergrande to get $817.8 mln for giving up land use rights for soccer stadium
(DBN)

China conducts missile strikes in Taiwan Strait With 5 Missiles, China Sends Stark Signal to Japan and U.S. on Taiwan Moves aircraft carrier group towards island Demonstrates ability to blockade Taiwan lawmaker warns China could "invade" territorial waters Taiwan Faces Urgent Fighter Pilot Shortage as Xi Tests Defenses Furious China fires missiles near Taiwan in drills after Pelosi visit US-China ties on a precipice after Pelosi visit to Taiwan China launches 'unprecedented' live-fire drills encircling Taiwan in furious response to Pelosi's visit Putin Ally Wanted China to Shoot Down Pelosi's Plane: 'Good' for Russia China halts climate, military ties over Pelosi Taiwan visit Blinken: China military drills are 'significant escalation' Pelosi: China cannot stop US officials from visiting Taiwan China sanctions House Speaker Nancy Pelosi over 'egregious provocation' in visit to Taiwan
(DBN)

____________

Russia:

Russian judge sentences WNBA's Griner to 9 years in prison Griner apologized ahead of verdict Joe Biden calls the sentence 'unacceptable' Russia 'ready' to discuss prisoner swap after Griner jailed
(DBN)

US says Russia aims to fabricate evidence in prison deaths
(DBN)

Months into war, Ukraine refugees slow to join EU workforce
(DBN)

Ukrainian military's tactics endangered civilians, new report says
(DBN)

Inspectors OK 1st Ukraine grain ship but no sign yet of more 3 more ships with grain depart Ukraine ports under UN deal
(DBN)

Russians shell city near Europe's largest nuclear plant
(DBN)

____________

Hong Kong:

Hong Kong reports 5,020 new COVID cases on Thursday
(DBN)

____________

France:

French lawmakers approve inflation relief package.
(DBN)

____________

Mexico:

Credit Suisse at Big Risk From Credito Real Bankruptcy
(DBN)

____________

Portugal:

Portuguese wine producers on the 'brink of bankruptcy'
(DBN)

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