August 8, 2022

The Daily Bankruptcy News

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Law:

The Biglaw Firms With The Best Compensation (2022)
(DBN)

The Biglaw Firms Defending Police
(DBN)

Looking To Get Fired At This Biglaw Firm? Good Luck With That!
(DBN)

Payment By Clients Should Be Thanks Enough For Lawyers
(DBN)

Law firms opt for office relocations as attorneys return to in-person work
(DBN)

Coping With Worry As A Lawyer
(DBN)

A Johnny Depp legal team member was praised by her alma mater. CUNY eventually took the post down after receiving backlash online.
(DBN)

Son who turned Capitol rioter in reacts to father's sentence • Secret Service turns over agents' cell numbers to Jan. 6 committee after wiping text messages containing possible evidence from their phones • Mastriano threatens to renege on testifying to Jan. 6 panel • Self-Proclaimed Proud Boys Member of Who Unleashed Chemical Spray on Police at Capitol on Jan. 6 Gets Time Behind Bars • Ohio Man Who Wore Company Jacket with His Name and Number to Jan. 6 Capitol Attack Pleads Guilty
(DBN)

Steve Bannon Uses 'Unusual Procedural Posture' in Last-Ditch Effort to Get Contempt Indictment Thrown Out After Trial
(DBN)

Trump Says Statute of Limitations Shouldn't Apply to His Clinton RICO Lawsuit Because He Spent Four Years 'Immersed' in the 'Unrelenting Demands' of the Presidency
(DBN)

Alex Jones lawyer could face legal consequences for phone records release • Alex Jones and His Lawyer Lost a Defamation Case. Their Legal Troubles Are Just Beginning • Alex Jones' Lawyers May Be Disciplined for Medical Data Leak
(DBN)

A Republican Lawmaker Said "Not Her Body, Not Her Choice" Before Indiana Passed A Near-Total Abortion Ban • Indiana governor signs nation's first post-Roe abortion ban moments after it lands on his desk • Indiana becomes 1st state to approve abortion ban post Roe • Large employers express opposition after Indiana approves abortion ban • Indiana state representative proposed bill to outlaw erectile dysfunction drugs in light of abortion ban • Republican lawmaker warns if party goes too far, abortion could hurt GOP in November • Candidates supporting abortion rights preferred by half of voters: Poll • Women 'Self-Manage' Abortions as Access Recedes • Republican Rep. Nancy Mace blasts restrictive abortion laws, saying they could hurt the GOP in the midterms • GOP shrugs off Kansas abortion vote — but it got their attention
(DBN)

Minnesota pharmacist who refused to fill morning-after pill prescription did not discriminate, jury rules
(DBN)

Phones Know Who Went to an Abortion Clinic. Whom Will They Tell?
(WSJ)

Lindsey Graham says let states decide on same-sex marriage • Lindsey Graham says same-sex marriage should be left to the states but pivots from question on interracial marriage
(DBN)

Orange County 'detective of the year' charged with sex crime after sending graphic messages to a decoy he believed was a 14-year-old girl
(DBN)

Actress Anne Heche crashed her car into a Los Angeles home while the owner was in the backyard. It took 59 firefighters to put out the blaze • 'Joked' about drinking vodka 'with wine chasers' -- hours before '90mph' smash
(DBN)

Pentagon denies DC request for National Guard migrant help
(DBN)

Texas governor sends migrants to New York City as immigration standoff accelerates
(DBN)

A former police officer was charged for a 2nd time in connection to the deadly Breonna Taylor raid. Experts explain why it's not double jeopardy.
(DBN)

Ex-cop gets jail time after she didn't intervene when another officer violently arrested an elderly woman with dementia
(DBN)

R. Kelly hasn't paid any of his court fees, but he has $27,828 stored in his commissary account
(DBN)

How Ahmaud Arbery's Death Changed a Coastal Georgia Community
(DBN)

Texas police were looking for teen suspects but they instead detained a Black couple in their 50s and 60s at gunpoint, lawsuit says
(DBN)

A woman visiting Alaska showed two cops who stopped her while driving a 'white privilege card' and the cops let her off
(DBN)

Buffalo Man Posted Twitter Threat to 'Kill Blacks' Two Days After Racially Motivated Mass Shooting, Feds Say
(DBN)

New Mexico Police Seek Public's Help in Probe of 4 Muslim Slayings • Police Release Pictures of 'Vehicle of Interest' in Recent Murders of 4 Muslim Men
(DBN)

6 people were shot, including a 6-year-old who's in critical condition, in an Atlanta park, police say
(DBN)

AL: City Disbands Racist Police Department
(DBN)

'We're triaging': Cops combat violent crime as ranks dwindle
(DBN)

NYPD hunting for 5 suspects in bizarre Manhattan frying pan attack
(DBN)

'I Lied': Woman Who Spent Years Alleging Alabama Police Coverup in 1999 Cold Case Murders Recants Her Story Under Oath
(DBN)

Defense lawyers for convicted Parkland, Florida, school shooter cry as victims' parents testify
(DBN)

Trump-backed Michigan attorney general candidate involved in voting-system breach, documents show • Michigan AG requests special prosecutor investigate opponent for voting machine access
(DBN)

SUV barrels through Native American parade; 15 injured
(DBN)

Ohio Man Captured After He Allegedly Killed Four People, Ranted About 'Mind Control'
(DBN)

Accused 'Duck Sauce Killer' Takes His Own Life While Out on Bail Just Before Scheduled Court Date
(DBN)

An 80-year-old liquor store owner shot a suspected robber armed with an AR-15 rifle then suffered a heart attack
(DBN)

Democratic Prosecutor Reveals Two Florida Cold Case Rapes and Murders Solved on Same Day He Was Ousted by Gov. DeSantis for 'Neglect of Duty' • Elected Prosecutor Suspended After Pledging Not to Enforce Florida's Abortion Ban Accuses Gov. Ron DeSantis of 'Illegal Overreach' • Prosecutor to Fight his Suspension by DeSantis
(DBN)

Murder Charges Planned for Man Accused of Killing McDonald's Employee After His Mom Received Cold French Fries: Reports
(DBN)

At least nine people were injured in a shooting after an unidentified person opened fire at a crowd near an Ohio bar
(DBN)

Salt Lake City man accused of stealing an excavator and 'randomly digging up the ground' in a parking lot is in police custody
(DBN)

Utah man charged after authorities say he started a wildfire while trying to kill a spider with a lighter
(DBN)

Gun makers appeal to masculinity, supremacist groups to sell guns: Report
(DBN)

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Judges:

Bankruptcy Judgeship Vacancy – Peoria, Illinois
(DBN)

Bankruptcy Judgeship Vacancy - NDNY
(DBN)

BK OR: Term Law Clerk Vacancy
(DBN)

Stephen Breyer says America goes the wrong way "from time to time" • Lawyers 'have to stand up and say something,' Breyer tells ABA assembly
(DBN)

Harvard Law Professor Argues That The Supreme Court No Longer Cares About Its Own 'Legitimacy.' What Now?
(DBN)

LexisNexis Keeping Everyone Informed About Their Voting Rights Until The Supreme Court Takes Them Away Next Year
(DBN)

Tennessee college alumni lobby to remove Supreme Court Justice Barrett from school's 'hall of fame'
(DBN)

Renatha Harris — grad of defunct Jacksonville law school — appointed again to FL Supreme Court
(DBN)

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Wall Street:

Stock futures rise following S&P 500′s third winning week in a row
(DBN)

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Politics:

Federal Bankruptcy Judge Approves Resolution Requiring Tim Eyman to Pay Down Debts
(DBN)

The gathering political storm in America
(DBN)

Majority of Americans continue to favor moving away from Electoral College
(DBN)

Two Americas Index: Red-blue migration
(DBN)

Senate Democrats slog through marathon voting session with their $740 billion climate and tax bill nearing the finish line
(DBN)

Biden to end isolation after testing negative for Covid again • Biden steps out of the room and finds legacy-defining wins • Biden's hot streak fails to quell Democratic doubts
(DBN)

Celebrity candidates threaten GOP's hopes of a Senate majority
(DBN)

Republican Prospects for Midterm Pickups Dim Amid Democratic Wins
(DBN)

Graham warned to follow decorum rule after he attacks Democratic colleague
(DBN)

Ted Cruz to "wait and see" if Trump runs before making 2024 decision
(DBN)

CPAC Still Loves Trump • Key Moments in Trump's CPAC Speech
(DBN)

State Legislatures Are Torching Democracy
(DBN)

Marjorie Taylor Greene cheered on Alex Jones after he was ordered to pay $4 million for defaming Sandy Hook parents
(DBN)

Marjorie Taylor Greene prayed over a convicted Capitol rioter who spent a day crying in a mock prison cell at CPAC
(DBN)

Rep. who voted to impeach wins primary
(DBN)

Former Trump advisor Peter Navarro suggests Jared Kushner faked his cancer diagnosis for sympathy to sell his memoir
(DBN)

Liz Cheney Is Ready to Lose. But She's Not Ready to Quit • Liz Cheney calls GOP "very sick," questions whether party can recover • Liz Cheney says she favors serving with Democratic women with national security backgrounds over GOP lawmakers like Marjorie Taylor Greene and Lauren Boebert
(DBN)

Why a Michigan Democratic Political Dynasty Just Fell
(DBN)

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Economy:

U.S. employers added 528,000 jobs; unemployment falls to 3.5% • July Employment Report: 528 thousand Jobs, 3.5% Unemployment Rate • Comments on July Employment Report
(DBN)

Black Unemployment Nearly 100% Higher Than White
(DBN)

The American City With 17.2% Unemployment
(DBN)

The US economy is splitting in 2
(DBN)

The U.S. economy has yet to face its biggest recession challenge
(DBN)

We've been living in a tent for 5 months because we couldn't afford our $1,200 rent. Now we're preparing for winter in Maine.
(DBN)

Senate Democrats approve their big climate and healthcare bill with a thumbs up from Manchin and Sinema • Democrats just agreed on a bumper tax, healthcare, and climate bill. Here's what's new, what hasn't changed — and what it means for you • Winners and losers from the Democratic tax, health care and climate change bill • Inflation Reduction Act, an Explanation • Dems near pivotal vote with climate agenda intact, prescription-drug plan dinged • Dems change some tax provisions as they ready economic bill • Bernie Sanders knocks Schumer and Manchin's big climate and healthcare bill, calling it the 'so-called Inflation Reduction Act' • Democrats go with 'the least bad' tax • Harris Breaks Senate Deadlock on Climate, Tax and Health Bill • Seven Dems vote for GOP amendment, forcing Democratic scramble • Climate groups react to Senate passing the Inflation Reduction Act • Why generic drugmakers oppose Dems' drug pricing bill • Would the Inflation Reduction Act actually reduce inflation?
(DBN)

How the Private-Equity Lobby Won—Again
(WSJ)

Democrats quash Bernie Sanders effort to revive child tax credit
(DBN)

A Starbucks barista quit her job after her manager asked her to reschedule putting down her family dog so she wouldn't miss her shift
(DBN)

The 7 states with the least credit card debt
(DBN)

Timeline: How Putin sent European Union energy prices rocketing
(DBN)

AAR: July Rail Carloads Up Slightly Year-over-year, Intermodal Down
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

New Home Cancellations increased Sharply in Q2
(DBN)

Home Price Downdraft Deepens Recession
(DBN)

Mapped: The Salary You Need to Buy a Home in 50 U.S. Cities
(DBN)

Climate change is making some homes to costly to insure
(DBN)

Isaac Hager seeks bankruptcy for Penn Plaza stake, but Churchill resists
(DBN)

Where to Find the Cheapest Rent in Every State
(DBN)

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Municipalities:

Detroit sues to stretch police and fire pension payments over 30 years
(DBN)

Miami Is Tearing Itself Apart Over Bonkers Plan to Move Homeless to Island
(DBN)

A Switch in State Bankruptcy Rules
(DBN)

States' Intervention in School Districts' Finances
(DBN)

A brush with default: Without budget, Trenton, N.J., in fiscal limbo
(DBN)

Court gives Harvey, Illinois, more time to launch bond exchange
(DBN)

____________

Oil/Gas:

Gas prices are finally dropping. Here are 4 things to know
(DBN)

Which Countries Produce the Most Natural Gas?
(DBN)

____________

Tech:

Study Says Trump's Truth Social Is Much More Aggressive, And Much More Arbitrary, In Moderating Content
(DBN)

Why the banks financing Musk's Twitter deal are unlikely to be able to help him walk away • Musk says Twitter deal should go ahead if it provides proof of real accounts
(DBN)

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Media:

Advertising Slowdown Spreads Beyond Tech Giants to Hit TV Networks, Publishers
(WSJ)

Rachel Maddow speaks highly of Tucker Carlson in a new interview: 'Tucker's doing great right now'
(DBN)

____________

Entertainment:

Is Netflix going bankrupt?
(DBN)

____________

Crypto:

'Devastated' Celsius investors beg bankruptcy judge for help
(DBN)

Bankrupt crypto lending platform Celsius withdraws motion to hire CFO back at $92,000 a month
(DBN)

Bankrupt Crypto Broker Voyager Aims To Resume Cash Withdrawals This Week
(DBN)

What a Bankruptcy Court Ruling Means for Voyager Customers
(DBN)

____________

Autos:

Used Vehicle Wholesale Prices Decreased 0.1% in July
(DBN)

____________

Student Debt:

Meet a doctor with $895,000 in student debt whose balance has surged on an income-based repayment plan: 'It's just wildly out of control now'
(DBN)

Are Federal Student Loans Even "Loans?" From Forbearance to Forgiveness to Taxpayer Expense. Fairer: Allow Bankruptcy
(DBN)

____________

Education:

North Carolina school district plans to put AR-15s in every school
(DBN)

A Boston school dean who moonlighted as a Latin Kings gang member had to pay a kid he shot in the head $10 million in damages
(DBN)

____________

Religion:

Harrisburg Diocese reaches settlement with clergy abuse survivors • Cash, school tuition and cemetery plots may be part of Harrisburg diocese's final settlement with sex abuse survivors
(DBN)

Bishop Libasci Sex Abuse Lawsuit Stalled Over Bankruptcy
(DBN)

____________

Nursing Homes:

Scrutiny of nursing home corporate ownership fires up again on multiple fronts
(DBN)

____________

Food/Beverage:

Demand for grocery delivery cools as food costs rise
(DBN)

Some consumers are cutting back on restaurant spending, but CEOs say not all chains are affected
(DBN)

Restaurant Performance Index declined 1.3% in June
(DBN)

____________

Healthcare:

Protest planned to save historic NYC hospital from wrecking ball
(DBN)

Biden administration planning to extend Covid emergency declaration
(DBN)

COVID August 5, 2022, Update on Cases, Hospitalizations and Deaths
(DBN)

Visualizing the Relationship Between Cancer and Lifespan
(DBN)

There's Just One Drug to Treat Monkeypox. Good Luck Getting It
(DBN)

An ER doctor says he's sick of seeing monkeypox patients misdiagnosed, only to end up in the hospital in excruciating pain
(DBN)

Children potentially exposed to monkeypox at Illinois day care, officials say
(DBN)

Monkeypox: The myths, misconceptions — and facts — about how you catch it
(DBN)

How colleges are preparing for a new public health threat: monkeypox
(DBN)

Stressed STD clinics struggle with surge in patients
(DBN)

Can you die from monkeypox? Infectious disease experts discuss mortality rates, severity, and risk factors
(DBN)

Man hospitalized after giving himself a nose job, prompting YouTube to remove DIY rhinoplasty video, report says
(DBN)

Dems lose key piece of health agenda in spending bill
(DBN)

GOP partially strips out insulin cap from Dems' climate, tax and health care bill
(DBN)


NY now says hundreds may be infected with polio
(DBN)

Fraud is the killjoy at the telehealth party
(DBN)

____________

 
New Bankruptcy Opinions
(5 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (28 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (7 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:

BK WD NY: Updated Filing Data for Month Ending July 2022
(DBN)

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

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Cross-Border:

Hong Kong court highlights COMI over place of incorporation when recognizing foreign insolvency processes
(DBN)

NY Court Quells Chapter 15 Doubts Raised by Hong Kong Judge
(DBN)

Chapter 15 Recognition is Necessary for Efficient and Consistent Cross-Border Proceedings
(DBN)

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Miscellaneous:

July 2022 - Recent Developments in Bankruptcy Law Update
(DBN)

____________

Avoidance Actions:

Post-Petition Payment For 20-Day Goods Does Not Reduce New Value Defense
(DBN)

The Various Methods Circuit Courts use to Define "Initial Transferee" in Fraudulent Transfers
(DBN)

____________

Bonuses:

The Effect of Insider Status on the Court's Approval of a Key Employee Retention Plan
(DBN)

____________

Structures Dismissal:

Jevic's Minimal Impact on Structured Dismissals and Bankruptcy Sales
(DBN)

____________

Trustees:

The Barton Doctrine's Applicability to Suits Against Bankruptcy Trustees When the Bankruptcy Court Lacks Jurisdiction Over the Matter
(DBN)

____________

Disqualification:

Courts Apply a Case-by-Case Analysis in Distinguishing a Meritorious Motion to Disqualify from a Delaying Litigation Tactic
(DBN)

____________

Aviation:

Storms ground US air travelers as airlines cancel flights
(DBN)

Air Canada is refusing to compensate passengers for cancellations thanks to a policy that lets them call staff shortages a safety problem
(DBN)

Under-pressure airlines in Europe push for end to big payouts for delayed passengers
(DBN)

American Airlines told mother of a 10-year-old unaccompanied passenger she couldn't collect her daughter from the airport
(DBN)

Remembering the Golden Age of Flying
(DBN)

____________

Hotels:

A Hotel Does not Meet the Definition of "Single Asset Real Estate" and may Reorganize Under Subchapter V of Chapter 11 of the Bankruptcy Code
(DBN)

____________

Mass Torts:

Alex Jones ordered to pay $45.2M more over Sandy Hook lies • Texas Damages Cap Looms Over Alex Jones Sandy Hook Defamation Case • A jury says Alex Jones should pay $49 million for defaming Sandy Hook parents. He might be ordered to pay only a fraction of that thanks to Texas law. • 'Stop the Monetization of Misinformation and Lies': Sandy Hook Family's Lawyer Urges Jury to 'Stop Alex Jones' with Punitive Damages • A forensic economist testified that Alex Jones began funneling $11,000 per day into an alleged shell company around the time he was found liable by default in defamation suits • Alex Jones and his media company have a net worth up to $270 million, forensic economist testifies, saying the conspiracy theorist has monetized 'hate speech' • I'm a Former Sandy Hook Truther, Believe Me When I Say Alex Jones is Dangerous • Don't Expect Alex Jones's Comeuppance to Stop Lies • Alex Jones may have lied in court, but perjury charge would be unusual • How Alex Jones helped mainstream conspiracy theories become part of American life • Alex Jones' $49.3M verdict and the future of misinformation • What's next for conspiracy theorist Alex Jones • The Sandy Hook defamation cases have put Alex Jones's finances under scrutiny • Massive verdict against Alex Jones isn't just vindication. It's a warning • Alex Jones says he's 'broke.' An expert says he's worth millions. What it means for Sandy Hook trials
(DBN)

Florida Man Who Spread Sandy Hook Conspiracy Theories on Infowars Is Bankrupt
(DBN)

Boy Scouts of America sexual abuse settlement partially approved
(DBN)

Veterans seek to block 3M's bankruptcy gambit
(DBN)

____________

Climate:

Record floods strand 1K people in Death Valley National Park • Tourists find safety after floods close Death Valley roads
(DBN)

Flood rescues in Denver as Kentucky braces for another possible deluge
(DBN)

Human remains found at drought-hit Lake Mead for 4th time since May
(DBN)

With record-breaking heat, zoos are finding ways to keep their animals cool
(DBN)

The Water Wars in Drying California
(DBN)

Will Phoenix Become Uninhabitable?
(DBN)

States With the Deadliest Fires
(DBN)

Former coal town comes together in face of Kentucky floods
(DBN)

____________

Fraud:

Wells Fargo Says Ponzi Victims Failed to Show Bank Knew of Ploy
(DBN)

July 2022 Ponzi Scheme Roundup
(DBN)

____________

Sovereigns:

Ukraine faces key test on debt freeze plan in bid to avoid messy default
(DBN)

Can Zambia offer a roadmap for other debt-ridden countries?
(DBN)

____________

UK:

Further bankruptcy restrictions for Bounce Back Loan abuse
(DBN)

____________

Canada:

As financial conditions tighten, insolvencies rise
(DBN)

____________

China:

China Junk Bond Arranger Predicts More Chapter 15 Bankruptcies
(DBN)

China 'rehearsing sinking US aircraft carriers with hypersonic missiles' in Taiwan war games as WW3 fears loom • Taiwan Says China Simulating Attack on Main Island in Drills • China tells U.S. it can't 'treat other countries like George Floyd' and 'bully and strangle them at will' as it severs cooperation with Washington and fires ballistic missiles after Nancy Pelosi's Taiwan trip • White House summons Chinese ambassador as crisis escalates • Pentagon chiefs' calls to China go unanswered amid Taiwan crisis • In Turbulent Times, Xi Builds a Security Fortress for China, and Himself • On Japan's Yonaguni island, fears of being on the front line of a Taiwan conflict • Blinken: China should not hold global concerns 'hostage' • China announces additional military drills near Taiwan • Taiwanese shrug off China drills: "Everyone becomes numb to it" • China, Taiwan play high-seas 'cat and mouse' as drills wrap up • China extends threatening military exercises around Taiwan
(DBN)

____________

Russia:

Ukraine grain shipments offer hope, not fix to food crisis • More Ukrainian grain shipments under way
(DBN)

Shift in war's front seen as ships cleared to leave Ukraine
(DBN)

Ukrainian unit digs in for Russian assault on eastern city • Zelensky calls for stronger international response to Russian "nuclear terror" • Nuclear Disaster 'Miraculously Avoided' During 'Suicidal' Russian Attack • Ukraine Nuclear Plant Seriously Damaged • Washington readies new US$1 bil Ukraine arms package
(DBN)

Former US ambassador predicts Griner will be released in 'two-for-two' prisoner swap
(DBN)

____________

MENA:

Israeli-Gaza Death Toll Rises • Cease-fire between Israel and Gaza militants holds overnight
(DBN)

Saudi Arabia executes 80 prisoners in mass beheading
(DBN)

____________

India:

Total 1,999 insolvency cases were going on as of June 2022: Govt
(DBN)

____________

Hong Kong:

Hong Kong cuts COVID hotel quarantine to 3 days for arrivals
(DBN)

____________

Australia:

Personal bankruptcy and liquidation of a company guidance updated
(DBN)

____________

Malta:

Reforms to Malta's Insolvency Laws
(DBN)

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