August 9, 2022

The Daily Bankruptcy News

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Law:

Trump says FBI conducted search at his Mar-a-Lago estate FBI Search of Trump's Home Means DOJ Believes Evidence of 'Crime or Crimes' Was at Mar-a-Lago, Former Federal Prosecutor Says Trump's Mar-a-Lago home raided by FBI in unprecedented move FBI search at Trump's Mar-a-Lago home tied to classified material, sources say Assessing Trump's risk if he mishandled White House documents Trump Search Was Unprecedented, But Records Case Will Be Tough Agent With Machine Gun Photographed Outside Of Compound Disqualified from holding office ever again? US Code on records could bar him Mar-A-Lago 'under Siege, Occupied' McCarthy vows probe of DOJ over Mar-a-Lago raid Republicans erupt over FBI's Mar-a-Lago raid The extraordinary political storm unleashed by the FBI search of Trump's Florida resort
(DBN)

Biglaw Associates Need A Break From Their Never-Ending Billable Hours
(DBN)

'Early Warning' Over Law Firm Profits Comes as Demand Drops
(DBN)

Classes Future Restructuring Lawyers Should Consider
(DBN)

The Price of Getting Bigger: Law Firm Hiring Hits Conflicts Snag
(DBN)

Dentons' UK LLP reports 14% jump in revenue
(DBN)

How could mistaken release of cellphone data affect Texas lawyer for Infowars founder Alex Jones?
(DBN)

The Making Of A Biglaw Memelord
(DBN)

Freshfields continues strategic growth with Global Restructuring partner hire
(DBN)

New York is first state to require CLE course in cybersecurity
(DBN)

85 Years Is A Really Long Time To Be An Attorney
(DBN)

Bert Fields, Lawyer to the Hollywood Elite, Dies at 93 Bert Fields, Consummate Hollywood Lawyer, Dies at 93 Famed Lawyer Fields on Firing Trump as Client
(DBN)

Rudy Giuliani seeks delay of testimony before Georgia grand jury investigating Trump Giuliani's Testimony to Georgia Election Grand Jury Is Postponed
(DBN)

Trump real estate appraiser hands over thousands of documents to N.Y. AG in civil probe
(DBN)

Trump Lawyer John Eastman's Request for 'Destruction of Evidence' Could Impede 'Future Charging Decision,' DOJ Says
(DBN)

Donald Trump Was Far Too Busy Posting To Be Bound By Statutes Of Limitations, Lawyers Argue
(DBN)

Trump Turns to Lawyer on Bannon's Losing Case for DOJ Talks Ex-Fed Prosecutor Represents Trump w/ DOJ
(DBN)

DeSantis ousted official who won't enforce abortion laws — but is silent on sheriffs who won't enforce gun laws: report
(DBN)

'Alarming' video shows Mississippi trooper assaulting handcuffed Black man
(DBN)

Police departments struggle with staffing shortages
(DBN)

Father and son sentenced to life in prison for federal hate crimes in Ahmaud Arbery's killing A lawyer for Ahmaud Arbery's killer says being sent to a Georgia prison would be a 'backdoor death sentence.' A judge disagreed.
(DBN)

Gabby Petito's family files $50 million wrongful death suit against Utah police
(DBN)

In wake of Uvalde shooting, North Carolina sheriff is putting AR-15s in every school "to make sure my deputies are prepared"
(DBN)

He Allegedly Broke Election Law—and Could Be Elected His State's Top Cop Michigan AG alleges conspiracy by Trump backers to break into voting equipment
(DBN)

5 Abortion Providers on How Bans Are Putting People's Lives in Danger States Where Abortion Is Illegal Also Have the Worst Support Systems for Mothers Republicans turn on each other amid post-Roe chaos
(DBN)

Seattle 'Karen' Calls Cops on Black Man for Standing on His Own Property
(DBN)

'You Are a Predator,' Judge Says While Sentencing Indiana Man to 130 Years in Prison for Cold Case Murder and Rapes
(DBN)

Woman Who Was Acquitted of Murdering Husband Gets Probation for Cleaning Up the Scene Where She Killed Him
(DBN)

Actor Ezra Miller Charged with Burglary
(DBN)

Biden to end "Remain in Mexico" border policy after court order
(DBN)

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Judges:

The Problem with Originalism
(DBN)

Arkansas judge found dead at bottom of lake
(DBN)

Supreme Court's Polls are in Free Fall
(DBN)

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Wall Street:

U.S. futures mixed amid focus on earnings, inflation
(DBN)

US stocks give up early gains to end mixed after Nvidia's revenue warning drags down tech companies
(DBN)

Bed Bath & Beyond shares jump more than 50% as message board mentions soar Bed Bath & Beyond Jump Brings Some Meme Frenzy to Broad Rally
(DBN)

The market's biggest winners and losers in the climate, health and tax bill
(DBN)

Bed Bath & Beyond jumps nearly 40%, AMC surges as meme chatter on message boards increase
(DBN)

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Layoffs:

Puppet's new owner is laying off staff
(DBN)

Groupon cuts over 500 staff
(DBN)

Daily Harvest is latest startup to announce layoffs
(DBN)

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Marketing:

Billing and marketing firm OSG Group files prepackaged Chapter 11 case
(DBN)

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Distressed Investing:

KKR Sees 'Golden' Chance to Snap Up Risky Debt Amid Market Chaos
(DBN)

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Television:

Want to watch free TV? This station owner is here to help
(DBN)

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Utilities:

Regulators' foot-dragging on public records hides the full story behind Ohio's utility corruption scandal
(DBN)

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Firearms:

US Gun Sales Collapse in 47 States
(DBN)

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Celebs:

John Caudwell regrets loaning Boris Becker a million pounds
(DBN)

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Politics:

Biden's BFD White House worked behind the scenes to push Senate toward breakthrough win Biden Is on a Roll That Any President Would Relish. Is It a Turning Point? Biden Gets Big Economic Win Just as Inflation Threatens Legacy
(DBN)

Dems' '60% Chance of Holding Senate' GOP tempers expectations for Senate majority
(DBN)

Trump supporter believes he won in 2020 because 'everybody that I've talked to voted for him'
(DBN)

Trump, The Big Lie, And The 2024 Republican Primaries
(DBN)

Trump's Violent Vision for 2024 Victory
(DBN)

Herschel Walker Ex-Wife Accuses Him of Threatening at Gunpoint.
(DBN)

"Great and irreparable harm": Milley assailed Trump in draft resignation letter Milley vowed to fight Trump from the inside: book excerpt Milley's Resignation Letter Hit Trump Hard
(DBN)

The second highest-ranking US general told Trump his idea for a big military parade in DC is 'what dictators do,' book says
(DBN)

Trump asked Kelly why he couldn't be more like German WWII generals: book
(DBN)

Paul Manafort admits sharing info with the Russians during 2016 Trump campaign
(DBN)

Haberman shares photos of Trump-era White House toilet clogged with wads of paper
(DBN)

WSJ editorial warns Trump's 'chaotic and self-serving brand of politics' is crippling the GOP
(DBN)

Ex-Ohio court mediator allegedly sent over 30 letters containing feces to Republican lawmakers
(DBN)

DeSantis: So Many Enemies, So Little Time
(DBN)

Dick Cheney Anti-Trump Ad to Air on Fox TV
(DBN)

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Economy:

Four High Frequency Indicators for the Economy
(DBN)

Why the Inflation Reduction Act Is a Big Deal
(DBN)

Why Wall Street celebrating Inflation Reduction Act could be premature
(DBN)

Are we in a recession (yet)?
(DBN)

'Quaking in Our Boots': Kraft, Kellogg Join Pullback in Corporate Investment
(DBN)

Are Older Workers Propping Up The U.S. Economy?
(DBN)

What caused the Great Recession? Understanding the key factors that led to one of the worst economic downturns in US history
(DBN)

Ending Covid Jobless Benefit Aided US Employment, Fed Study Says
(DBN)

Consumer expectations for inflation improve in July Consumers' US Inflation Expectations Drop Across All Time Horizons
(DBN)

For tech workers who missed IPO payday, time for job market rethink
(DBN)

Looming change in worker classification rules will cost small businesses big bucks
(DBN)

5 of Turkey's banks have adopted Russia's payment system, and Western officials are concerned it could be used to skirt sanctions Russian crude is quietly flowing to European buyers like Italy and Spain as EU sanctions loom German Power Rises to Record as Heat Wave Scorches Europe German economy to lose $265 billion in added value due to war, high energy prices-study Russian Oil Flows Halted Through Pipeline to Central Europe European Natural Gas Prices Ease Amid Rising Inventories The Great European Energy Crisis Is Now Coming for Your Food
(DBN)

These are the top 10 best and worst places to live in the world—and you won't find the U.S. on either list
(DBN)

The coming scramble for clean energy workers
(DBN)

Supply chain bottlenecks beginning to clear up
(DBN)

Johnson steps on political land mine with Social Security, Medicare comments
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

Housing Inventory Growth Has Slowed in Recent Weeks
(DBN)

Confidence in the housing market hits the lowest point in over a decade
(DBN)

Consumers' Home-Price Expectations Moderate Further, NY Fed Survey Shows
(DBN)

____________

Oil/Gas:

National average price of gas expected to fall below $4: GasBuddy
(DBN)

Oil Supermajors Continue to Hold Back on Investment
(DBN)

No electric vehicles on the market today qualify for the new EV tax credit
(DBN)

Electric Cars Too Costly for Many, Even With Aid in Climate Bill
(DBN)

Gasoline Use Is Falling in US as Decades-High Inflation Hits Consumers
(DBN)

Oil Drilling on Federal Land Gets a Rare Shake-Up in Climate Bill
(DBN)

Oklahoma's Schusterman Family Faces Trial Over Oil Company's Bankruptcy
(WSJ)

Burning cash, commercial EV startups race to deliver vehicles
(DBN)

____________

Ride Hailing:

Japanese giant SoftBank dumps its entire stake in Uber as losses mount at its investment unit
(DBN)

____________

Crypto:

Bankrupt Lender Celsius' Token Surges on Twitter-Driven Short Squeeze
(DBN)

Insider Misconduct To Be Investigated by Celsius' Creditor Committee
(DBN)

Voyager customers can withdraw up to $100K in cash via ACH transfer
(DBN)

Hodlnaut Is Latest Crypto Lender to Halt Withdrawals, and Warns Funds May Be Frozen for Some Time
(DBN)

Bitcoin Miner Marathon's Loss Widened as Coin Prices Tumbled
(DBN)

Novogratz 'Doubtful' Bitcoin Will Push Through $30,000 Soon
(DBN)

Zipmex to Ease Some Bitcoin, Ether Withdrawals After Altcoins
(DBN)

FDIC Makes Clear That It Does Not Insure Crypto Exchanges
(DBN)

Coinbase Hit with New Securities Suit and Derivative Suit
(DBN)

Crypto, Govt Headed for Decisive Showdown
(DBN)

____________

Student Debt:

Here's a list of 30 companies that will help pay off your student loans
(DBN)

Former students of defunct Manchester college could see student loans canceled
(DBN)

Student Loan Forgiveness: 5 Major Takeaways From New Plan To Cancel Student Debt
(DBN)

____________

Fraud:

New laws extend statute of limitations to 10 years in PPP, EIDL fraud cases
(DBN)

Lawyer pleads guilty in scheme to defraud program intended to benefit farmers subjected to discrimination
(DBN)

MAGA Firm Fined for Removing Made in China Labels
(DBN)

____________

Climate:

How the Inflation Reduction Act Will Affect U.S. Emissions
(DBN)

'Dry lightning' sparks the most destructive, expensive wildfires in California: study
(DBN)

Every Baby Sea Turtle in Florida Seems to Be Female. We Warned You, Scientists Say
(DBN)

Earth sees a top 3 hottest July, marked by deadly heat, flash floods
(DBN)

"Terrifying" study links risk of over 200 infectious diseases to climate hazards like flooding, heat waves and drought
(DBN)

Biden surveys Kentucky flood damage, vowing to help "as long as it takes"
(DBN)

UPS Denied Worker a Fan Amid Dangerous Heat
(DBN)

Taylor Swift, Kylie Jenner and the very real climate consequences of private planes
(DBN)

ConEd Asks Brooklyn Residents to Conserve Power Amid High Heat
(DBN)

'Very critical situation': Almost half of EU countries suffering from drought
(DBN)

Soaring Temperatures Across Europe Trigger Weather Warnings
(DBN)

Tokyo Has Already Broken a Record For Severe Heat Days in a Year
(DBN)

US Set to Deliver More Offshore Wind Energy in New Climate Bill
(DBN)

Spain Air Conditioning Crackdown Set to Take Effect
(DBN)

____________

Healthcare:

A Very Dangerous Place to Be Pregnant Is Getting Even Scarier
(DBN)

After a long wait, it's still a struggle to get young kids vaccinated against COVID
(DBN)

Masked, Vaccinated Students Didn't Catch Covid in Classrooms
(DBN)

GOP physicians in Congress: Drug price control in reconciliation bill will impact patient care
(DBN)

Conspiracy Theories and Uncertainty About Monkeypox Are Spreading Really, Really Fast
(DBN)

Republicans cite shaky argument on Senate procedure for killing a $35 cap on insulin in major spending bill
(DBN)

Desperate blood center offering beer for donations
(DBN)

____________

 


New Bankruptcy Opinions
(2 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 (6 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)

Arbitration:

Analysis of Courts' Discretion to Enforce Arbitration of Core Claims
(DBN)

____________

Cross-Border:

Enforceability of Third-Party Releases in Foreign Proceedings Under Chapter 15
(DBN)

Hong Kong court gives creditors the nod to sue despite Chapter 15 scheme recognition
(DBN)

____________

Intercreditor:

Bankruptcy Court Holds That Noteholders' "Sacred Right" Was Not an Anti-Lien Subordination Provision in Permitting Uptier Transaction
(DBN)

____________

Administrative Claims:

ERISA Withdrawal Liability Claims Unlikely to Receive Administrative Expense Priority Status in a Chapter 11 Reorganization
(DBN)

____________

Subchapter V:

A Debtor's Eligibility for Relief Under Subchapter V of Chapter 11
(DBN)

Chapter 11 As Alternative to Conversion Or Dismissal in Subchapter V
(DBN)

____________

Environmental:

Recent Developments at the Intersection of Bankruptcy and Environmental Law
(DBN)

____________

Finance:

Servicer's Duty to Respond Upon Receipt of Borrower's Notice of Error Concerning its Management of a Loan
(DBN)

____________

Ch. 13:

The Approval of Retirement Contributions in Chapter 13 Payment Plans
(DBN)

____________

Aviation:

Airline passengers might need to brace for more turbulence, as climate change increases severe weather
(DBN)

Nearly 950 US flights were canceled and more than 7,700 were delayed on Sunday as travel chaos took its toll
(DBN)

Why India Produces Twice as Many Women Airline Pilots as the US
(DBN)

UK Airfares Up 30% as Bumper Demand Runs Up Against Flight Caps
(DBN)

Thai Airways' B80bn capital-raising plan led by govt
(DBN)

Qantas asks executives to work as baggage handlers for three months
(DBN)

Flight Bookings to Hong Kong Surge 249% After Quarantine Cut
(DBN)

____________

Mass Torts:

Infowars Bankruptcy Contends With Alex Jones' Defamation Verdict Why Alex Jones isn't the only one who lost big in the Sandy Hook verdict Fox News Host Blasts 'Abhorrent' Alex Jones: 'He Was the False Flag' Marjorie Taylor Greene says it's unfair to ruin Alex Jones for defaming Sandy Hook parents, claims Infowars is right 'most of the time' Alex Jones likely to win large cut in Sandy Hook punitive damages award - attorneys 'He has done more to further the cause of hate in the US than almost anyone': the rise and fall of Alex Jones The Rise and Fall of Alex Jones
(DBN)

____________

Tax:

Reconciliation bill includes nearly $80 billion for IRS including 'enforcement'
(DBN)

____________

Agribusiness:

Andersons CEO Says US Farm Production 'Really Good' Despite Heat
(DBN)

____________

Retailing:

US Retail Cargo Seen Cooling in Second Half as Inflation, Rates Bite
(DBN)

US online retail sales to reach $1.6 trillion by 2027: report
(DBN)

____________

Sovereigns:

Sri Lanka shares mark longest gaining streak since early January
(DBN)

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

Ghana Doubles IMF Funding Target to $3 Billion Over Three Years
(DBN)

____________

UK:

Cash withdrawals in the UK soar as Brits grapple with the rising cost of living
(DBN)

Sunak Vows More Cost of Living Support If He Wins UK Premiership
(DBN)

Litigation Funders Are Betting Big on a Rise in UK Class Actions
(DBN)

UK Heading for Recession on BOE View Even With Truss Tax Cuts
(DBN)

____________

Canada:

Judge rejects Nygard bid to use money from firms in receivership to pay criminal case lawyers
(DBN)

____________

Russia:

Pink Floyd's Waters backs Russia, calls Biden a 'war criminal' over Ukraine Roger Waters defends labeling Joe Biden a "war criminal"
(DBN)

In war-battered Mykolaiv, authorities search for informers helping the Russians Russia lures 'volunteer' army recruits with high salaries to make up for battlefield losses North Korea offering 100,000 troops to help defeat Ukraine, Russian state media says Fears grow of nuclear catastrophe after attacks on power plant in Ukraine A nuclear power plant twice the size of Chernobyl has been shelled. Now come fears of a 'catastrophe.' Attacks on nuclear power plants are 'suicidal,' UN chief warns as artillery strikes land near Ukraine's Zaporizhzhia plant Ukrainian resistance grows in Russian-occupied areas US to send Ukraine US$5.5 billion in new fiscal, military aid
(DBN)

Russians Are Snitching On Friends and Family Who Oppose the War in Ukraine
(DBN)

Russian disinformation spreading in new ways despite bans
(DBN)

First Crop Ship to Leave Ukraine Is Now Stuck Without a Buyer
(DBN)

____________

China:

COVID lockdown at 'China's Hawaii' widens
(DBN)

China Seizes on Pelosi Visit to Set 'New Normal' for Taiwan
(DBN)

China Property Woes Spark Longest Mortgage Debt Halt Since 2015
(DBN)

One of the Decade's Hottest Bond Markets Is Imploding in China
(DBN)

____________

Nigeria:

Man kills creditor to avoid repaying loan
(DBN)

____________

Lithuania:

State support ending more companies in Lithuania go bankrupt
(DBN)

____________

India:

Supreme Court Decision in Vidarbha: Return to the Pre-IBC Era
(DBN)

Is accumulated interest a part of operational debt in Indian Insolvency laws?
(DBN)

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