December 13, 2022

The Daily Bankruptcy News

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Law:

Is This The Most Prestigious Biglaw Firm Of Them All?
(DBN)

New Top Law Firm Ranking Comes With Extra Knife Twist
(DBN)

Why Aren't More Biglaw Firms Conducting Layoffs Now? Because The Recession's Layoffs 'Punished' Them
(DBN)

Magic Circle Firm Makes Bonus Money Magically Appear For Associates
(DBN)

New York law firm ups pay for newly trained London lawyers to £165,000 a year
(DBN)

Elite Boutique Proves Biglaw Compensation — And Then Some — Isn’t Just For Biglaw Firms
(DBN)

Jones Day Hires Seven Supreme Court Clerks in Annual Spree
(DBN)

Law students and professor who oppose same-sex marriage settle speech case with school
(DBN)

Last T14 law school announces stance on US News rankings; which two are staying in?
(DBN)

How Much Should Associates Gift Support Staff?
(DBN)

Law firm gives staff nonfungible tokens for mental health services
(DBN)

How an Am Law 200 firm created an incubator program for associates to learn business, leadership skills
(DBN)

Firm Posts EPIC Job Listing Seeking Associates Wearing 'Sweatpants Covered In Dog Or Cat Hair'
(DBN)

Jan. 6 panel eyes new beginning with DOJ as partner in Trump probe Appeals court struggles with Jan. 6 obstruction of Congress charges Federal Appeals Court Hears Challenge to Obstruction Statute, in Controversy That Could Wreak Havoc on Hundreds of Jan. 6 Cases What the Jan. 6 select committee’s final report will look like Prosecutor: Oath Keepers saw Jan. 6 as ‘first battle’ in war TPM Has Obtained Explosive Evidence Uncovered By The January 6 Select Committee Massachusetts Man Sentenced to Prison After Bragging About Getting 'Two Hits in on the Same Rookie Cop' Following Jan. 6 Attack 300 Oath Keepers May be Current or Ex-DHS
(DBN)

Texts of GOP Trying to Overturn the 2020 Election
(DBN)

Judge Tosses Trump’s Battle Against Mar-a-Lago Raid
(DBN)

Fresh Off Sanctions Order, Kari Lake's Lawyers File Yet Another Wacko Election Challenge
(DBN)

Why Trump Wasn’t Charged in New York Criminal Tax Probe
(DBN)

Trump Special Counsel Subpoenas Georgia Secretary of State Raffensperger Special Counsel Smith speeds ahead on criminal probes surrounding Trump
(DBN)

Inside the secret $32M effort to stop ‘Stop the Steal’
(DBN)

A Minnesota man who said he was at 'war' with squirrels on his property was arrested after missing his target and shooting through his neighbor's window
(DBN)

Mass Migrant Crossing Floods Texas Border Facilities Thousands of migrants flood over border at El Paso — many brought by Mexican authorities
(DBN)

Supreme Court will consider ban on encouraging illegal immigration in case of ‘adult adoption’ promoter
(DBN)

Breonna Taylor’s boyfriend settles lawsuits over shooting
(DBN)

'Dance, B****': Prosecutor Tells Jury Tory Lanez Shot Megan Thee Stallion After She Insulted His Skills as a Musician With Trial Opening, Tory Lanez's Lawyer Says Kylie Jenner's House Party Is Key to Defense in Megan Thee Stallion Shooting
(DBN)

'You Chose Not to Knock': Former Fort Worth Cop Who Killed Atatiana Jefferson Grilled by Prosecutor as He Testifies in Own Defense at Murder Trial
(DBN)

Reported hate crimes drop after police agency participation plummets
(DBN)

Father reveals Idaho murder victim had 'big open gouges' as he blasts cops as 'cowards'
(DBN)

Conspiracy Theorists Have Come for US Couple Denied Abortion in Europe
(DBN)

Colorado Bail Bondsman Behind Bars After Allegedly Shooting and Killing Client
(DBN)

Jon Ossoff-Led Senate Report Finds Thousands of Cases Alleging Sexual Abuse of Women Behind Bars, Spanning Two-Thirds of U.S. Prisons
(DBN)

Ex-College Soccer Player Scores Win in First Amendment Suit Against Coach Who Benched Her After She Refused to Take a Knee
(DBN)

US is Not Longer the Arsenal of Democracy
(DBN)

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Judges:

Obituary of Judge Walter Homer Drake, Jr. Judge W. Homer Drake, Jr. (1932-2022)
(DBN)

Life Trustee remembered for commitment to Mercer and bankruptcy reform
(DBN)

What a 51–49 Senate means for judicial nominations
(DBN)

Kavanaugh’s Holiday Party Appearance Renews Supreme Court Ethics Questions
(DBN)

Trump Lawsuit Seeking the Return of Files Seized from Mar-a-Lago Is Officially Dismissed by Judge Who First Came to Former President's Aid
(DBN)

Being a judge is among top five jobs for importance of stress tolerance, ranking says
(DBN)

Judge’s failure to recuse because of stock ownership doesn’t require vacating decision, 5th Circuit says
(DBN)

Dem Lawmaker Wants Justice Clarence Thomas To Resign, But, Like, For Real This Time
(DBN)

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Wall Street:

Stock futures rise as investors await key November inflation report
(DBN)

Stock Market’s Defining Moment Arrives With CPI, Fed Decision
(DBN)

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Layoffs:

Vice quietly cuts staff as company credit cards get declined
(DBN)

Robots set their sights on a new job: sewing blue jeans
(DBN)

2022 Major Layoffs Grow: Goldman Sachs Cutting Hundreds More Jobs, Report Says Goldman Sachs plans to cut hundreds more jobs: Report
(DBN)

Startup Podium Adds To The Growing List Of Tech Layoffs
(DBN)

Utah tech layoffs continue, as yet another company valued over $1B sheds hundreds of workers
(DBN)

Motive lays off 6% of workforce, blames slowing demand
(DBN)

Playtika to cut workforce by about 15%
(DBN)

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Transit:

Free ride: DC unveils bold plan to boost public transit
(DBN)

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Retailing:

Sears Hometown Files for Bankruptcy in Delaware
(DBN)

Is Party City Going Bankrupt?
(DBN)

Pandemic e-commerce boom here to stay
(DBN)

CEO Libby Wadle on the Course J. Crew Is Charting
(DBN)

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Climate:

Drought-ravaged L.A. seeks surprising source of water: A contaminated Superfund site
(DBN)

Drought and a Less Mighty Mississippi River
(DBN)

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Labor:

The year labor organizing came to tech
(DBN)

____________

Student Debt:

Biden Bankruptcy Shift Eases Path for Student Loan Discharges
(DBN)

Supreme Court takes up another clash over Biden’s student debt relief plan
(DBN)

Where things stand with Biden's student loan forgiveness plan
(DBN)

____________

Healthcare:

Pandemic's financial toll weighing on Texas hospitals
(DBN)

Moody's downgrades California hospital's revenue bonds
(DBN)

How Medicare Advantage plans dodged auditors and overcharged taxpayers by millions
(DBN)

Childbirth Costs More in the US Than Any Other Country
(DBN)

Two Decades After 9/11 Inquiry, Congress Weighs a Similar Plan for Covid
(DBN)

Fauci denounces 'low-life' trolls for harassing his wife and daughters and says disagreeing with Trump 'triggered a lot of hostility' White House calls attacks on Fauci ‘incredibly dangerous’ after Musk tweets
(DBN)

Court: Catholic providers can’t be forced to provide gender transition care
(DBN)

COVID Trend That Spelled Big Trouble in 2020 Is Back
(DBN)

These are the most common COVID symptoms currently being reported, study finds
(DBN)

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Economy:

Economic confidence ticks upward: Gallup
(DBN)

IMF says global debt well above pre-pandemic levels despite steep 2021 drop
(DBN)

The asset bubble that’s quietly popping
(DBN)

Four High Frequency Indicators for the Economy
(DBN)

A US recession is coming - here are 5 reasons why
(DBN)

Higher Inflation Target Could Bring Lower Wages
(DBN)

Why your salad costs 40% more: Vegetable prices in the US are increasing due to farming states like Arizona being plagued by drought and the nation's ongoing inflation
(DBN)

Schumer says Senate likely headed for short-term funding bill to stave off shutdown
(DBN)

US Government Debt Spending Soars to $103 Billion for Two Months
(DBN)

The 10 most stressful jobs in the US: Judges, retail managers, gynecologists rank among top
(DBN)

EU energy crisis could worsen next year, agency warns Vitol Cashes in as UK Consumers Pay Record Price for Cold Snap Dimon: Europe's Energy Crisis Will Get Worse Germany at Risk of Gas Shortages
(DBN)

Regardless of party, moms in Congress agree: It’s time for paid family leave
(DBN)

Gen Z spotlights high cost of living on its way to Congress
(DBN)

Let’s make a deal: White House ready to bargain over expanded Child Tax Credit
(DBN)

U.S. November deficit rises sharply as revenues fall, outlays jump
(DBN)

Holiday Break Will Be Anything But for Guilt-Ridden US Workers
(DBN)

A Reality Check for Nuclear Fusion
(DBN)

Plunge in US imports accelerates; volumes near pre-COVID levels
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

37% of real estate agents in the US couldn't afford to pay their rent in November— yet another bad omen for the housing market. Here are 3 key takeaways for sellers right now

Housing December 12th Weekly Update: Inventory Decreased 2.5% Week-over-week
(DBN)

Why no one is buying downtown San Francisco's luxury condos
(DBN)

____________

Municipalities:

Puerto Rico doesn't expect to sell bonds before 2025
(DBN)

LA mayor declares state of emergency on homelessness on first day in office
(DBN)

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Oil/Gas:

Oil Prices Continue To Climb As China Reopens
(DBN)

More Uncompleted Wells Is Latest Sign of US Shale Slowdown
(DBN)

Biden announces $2.5B loan for electric vehicle battery hubs in three states
(DBN)

The Start of Shale's Twilight
(DBN)

____________

Tech:

The Twitter account that tracks Elon Musk's private jet has been shadowbanned, its owner says
(DBN)

Musk’s $5.7 Billion Mystery Gift Went to His Own Charity
(DBN)

Twitter disbands its 'Trust and Safety Council' that tackled harassment and child exploitation
(DBN)

Elon Musk set to relaunch Twitter Blue with higher price for iPhone users
(DBN)

Twitter HQ Is Auctioning Off Hundreds of Items, Including a Kegerator and a Giant Blue Bird Statue
(DBN)

Utah governor orders TikTok ban for state government employees
(DBN)

____________

Pharma:

Clovis Oncology finally throws in the towel, files for bankruptcy
(DBN)

Rough Medly for VC Investors
(DBN)

____________

Ticketing:

Ticketmaster is in hot water — again — and facing a fine after an 'unprecedented' number of people were sold fake tickets to a Bad Bunny concert
(DBN)

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Radio:

FCC Tells Bankruptcy Court Rocking M Faces Near-Million Dollar Fine For EEO Violations.
(DBN)

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Education:

Tennessee’s list of defunct colleges keeps growing
(DBN)

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Ride Hailing:

Lyft: Likely On Its Last Breath Before Bankruptcy
(DBN)

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D&O:

D&O Risks Relating to Trade Sanctions, Money Laundering, and Export Rules
(DBN)

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Tobacco:

Supreme Court declines to block California’s flavored tobacco ban
(DBN)

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Autos:

Carvana plans to open Denver car vending machine 'in the new year' despite bankruptcy worries How Bad is Carvana? Yeah, That Bad Carvana: Yahoo Finance's Worst Company of '22
(DBN)

Tesla approval rating dips into negative territory: survey
(DBN)

Half-Price Tesla Stock Is Still No Bargain
(WSJ)

Growing Popularity of Trucks Dents Fuel-Economy Gains, US Finds
(DBN)

Major car companies like Ford, Tesla, and Toyota are at 'high risk' of sourcing parts made by Chinese forced labor, a report finds: 'It's an industry-wide problem'
(DBN)

____________

Politics:

FTX Bankruptcy Means $73 Million in Political Donations at Risk of Being Clawed Back
(DBN)

Greene says Jan. 6 Capitol attack ‘would’ve been armed’ if she planned it White House lashes out at Marjorie Taylor Greene’s Jan. 6 remarks Greene says Jan. 6 remarks were ‘sarcasm’
(DBN)

Lake's Arrogance Kept Her From Winning
(DBN)

Trump who? GOP senators rave over a potential Tim Scott presidential run.
(DBN)

Schumer calls out Trump, warning of ‘dramatic resurgence’ of antisemitism
(DBN)

Biden forms interagency group to draft antisemitism strategy
(DBN)

House Oversight Committee to hold hearing on surging anti-LGBTQ violence
(DBN)

Poll finds US evenly divided on confidence in Biden, GOP House
(DBN)

Manchin says he has no intention of leaving Democratic Party
(DBN)

A sign of moderates running scared: What everyone is getting wrong about Sinema’s party switch
(DBN)

Richmond removes its last Confederate monument
(DBN)

Fallout from LA racism scandal keeps shaking City Council
(DBN)

DeSantis Ally Found Dead in Parking Lot
(DBN)

Texas GOP Proposes Election Police Force
(DBN)

Texas GOP Votes Against RNC Chair
(DBN)

Kushner Qatar Link is a Ticking Time Bomb
(DBN)

____________

 


New Bankruptcy Opinions
(8 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (17 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (4 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 bankruptcy cases closing in on 17-year low
(DBN)

______________

Mass Torts:

Families of Sandy Hook victims file to be excluded from Alex Jones bankruptcy filing
(DBN)

____________

SCOTUS:

Court requests government’s views on pending petition with bankruptcy issue
(DBN)

____________

Avoidance Actions:

A Bankruptcy Giant’s Swan Song: Judge Drain Expands the Lookback Period to Bring Avoidance Actions & Calls on Congress to Curtail the Safe Harbor Exception
(DBN)

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Contempt:

Another Appellate Court Vacates a Bankruptcy Court Contempt Judgment
(DBN)

____________

Bankruptcy Research:

Bankruptcy Law and Angel Investors around the World
(DBN)

The Effect of Tenure, Specialization, Conservatism, and Fees on the Relationship between Going-Concern Opinions and Client Bankruptcy
(DBN)

____________

Insurance:

South Florida insurance company files for Chapter 11 protection Severe Storms Push Florida Home Insurer FedNat to Bankruptcy
(DBN)

____________

Aviation:

Passenger who didn’t know she was pregnant gives birth mid-flight
(DBN)

United Airlines is buying at least 100 Boeing Dreamliners to replace aging wide-body jets
(DBN)

Belgium Cracks Down on Private Jets
(DBN)

____________

Crypto:

Crypto Punked? Industry Bankruptcies Rattle Markets and Expose Major Sector Vulnerabilities
(DBN)

Bankruptcy and Estate Planning Considerations for Crypto Assets
(DBN)

Fallen Crypto Billionaire Sam Bankman-Fried Has Been Arrested in the Bahamas, as U.S. Authorities Announce Federal Indictment in New York FTX’s implosion and SBF’s arrest, explained US Reps question timing of Sam Bankman-Fried’s arrest Lawmakers to hold FTX hearing despite former CEO arrest Sam Bankman-Fried was playing the game Storybook Brawl and said in an interview he didn't think he would be detained just hours before his arrest Sam Bankman-Fried’s FTX Apology Is as Hollow as His Empire Sam Bankman-Fried's sudden turn from white knight to detainee $75M worth of FTX’s political donations at risk of being recalled due to bankruptcy: Report How effective altruism let Sam Bankman-Fried happen SBF Blames FTX Bankruptcy Decision On ‘Pressure, Stress’ From This Group Sam Bankman-Fried Interview: FTX Founder Blames ‘Bad Legal Advice’ For Crypto Firm’s Bankruptcy Everyone SBF Planned To Blame In Front Of Congress Today — Before He Was Arrested The 11 Juiciest Parts From SBF’s Draft Testimony To Congress It's stacking up: SEC to file separate charges against FTX's SBF Sam Bankman-Fried Arrested in Bahamas After US Files Charges SBF arrested in Bahamas, criminally indicted in New York, charged by SEC Sam Bankman-Fried's parents are reportedly in the Bahamas with him, and his father pushed a Stanford law class he was set to teach to the next semester Sam Bankman-Fried’s Parents Were There for FTX’s Rise, and Now Its Fall Sam Bankman-Fried's Parents No Longer On The Stanford Law School Course Calendar How Congress might get Sam Bankman-Fried to explain himself on Tuesday SBF misses the Senate hearing but promises to testify to the House FTX founder Sam Bankman-Fried says he’ll testify before House panel virtually Sam Bankman-Fried to testify before Congress remotely: ‘Quite overbooked’ How Congress might get Sam Bankman-Fried to explain himself on Tuesday FTX CEO to Testify About 'Utter Failure' He Found New FTX CEO to tell Congress about bankrupt crypto firm’s ‘spending binge,’ loans to insiders FTX Local Clients’ Withdrawals During Implosion Is Focus of Bahamas Probe 5 things FTX did with its money — including customer assets — according to its new CEO 10 Questions for FTX CEO John J. Ray III From a Securities Lawyer Collapsed crypto firm FTX splurged $5BN on investments that may now be worth 'only a fraction' of that in the year before bankruptcy FTX Bankruptcy CEO Says Record-Keeping Had Been ‘Near-Zero’ FTX's new chief blasts previous leadership for "unacceptable" practices FTX US 'Was Not Independent' of Parent Company, New FTX CEO Will Say in House Testimony In the Wake of Collapse, FTX Fortune Cookies Are Still on the Menu SBF’s Inner Circle Was Gathering in “Wirefraud” Signal Group Three Surprising Takeaways From Bankman-Fried’s Interview With Forbes Caroline Ellison hires lawyer as US reportedly weighs fraud case against Sam Bankman-Fried FTX's Bahamas Liquidators Seek to Exclude Over $200M Worth of Luxury Properties From Liquidation FTX spent $256 million on Bahamas real estate — now the island’s government wants it back FTX debtors attempt to seal corporate identities to obfuscate bankruptcy proceedings FTX Remains Attached to Miami Heat Arena Month After Bankruptcy Timeline: The rise and spectacular fall of FTX The Doctor Who Helped Take Down FTX in His Spare Time
(DBN)

Argo Blockchain reports insufficient funds, 'no assurance' it can avoid Chapter 11 bankruptcy Bitcoin Miner Argo Blockchain Says It's Close to Restructuring Without Having to Declare Bankruptcy
(DBN)

Cardano Protected Much Better Than FTX from Crash and Bankruptcy
(DBN)

60% of Americans see crypto investing as highly risky—but millennials are still its biggest fans
(DBN)

Binance under scrutiny by US Justice department, prosecutors split In FTX Collapse, Binance Sees a Chance to Become the New Face of Crypto Binance Withdrawals Surge as Concerns About Its Reserve Report Spook Traders
(DBN)

Genesis V.s DCG Bankruptcy: Creditors To Make A Difficult Choice
(DBN)

Bitcoin, Ethereum, Dogecoin Mixed Amid Possible Trouble For Binance: Analyst Says Crypto Traders More Concerned About Insolvency Risk
(DBN)

Crypto winter end in sight as Ethereum looks to shake the chills- analysts
(DBN)

____________

Celebs:

NFL’s Brady, Under Legal Siege for FTX, Turns to Latham for Help
(DBN)

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Sovereigns:

IMF Board will only approve $3 billion Ghana loan package with "comprehensive" debt restructuring - IMF mission chief
(DBN)

____________

UK:

The “momentous” UK Supreme Court Decision on Directors’ Duties in Respect of Creditors’ Interests You Need to Know About
(DBN)

Collapsed DeTrafford vehicles owe £56m to creditors
(DBN)

____________

EU:

EU Nations Agree to Unblock Ukraine Aid, Approve Hungary Funds
(DBN)

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Russia:

Newly freed Russian arms dealer Viktor Bout said he 'wholeheartedly' supports Russia's war in Ukraine and would 'certainly' volunteer: report Trump says he turned down deal to release Paul Whelan ‘The Merchant of Death Is Back in Action’
(DBN)

US, Russia Discuss Imprisoned US Ex-Marine Paul Whelan
(DBN)

Burning through ammo, Russia using 40-year-old rounds, U.S. official says
(DBN)

Sickly Putin cancels major press conference for first ever as he ‘battles cancer & faces coup over Ukraine war disaster’ Zelenskyy says Ukraine invasion would stop if Putin suddenly dies
(DBN)

G7 Pledges to Rebuild Ukraine
(DBN)

____________

Germany:

Wirecard: Defense slams key witness as 'main perpetrator'
(DBN)

____________

China:

Japan to Join US Effort to Tighten Chip Exports to China
(DBN)

China to Further Relax Covid Measures, Beijing’s US Envoy Says
(DBN)

China's vibe shift
(DBN)

____________

India:

Supreme Court revisits section 238A of IBC
(DBN)

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MENA:

Why the protests in Iran are so hard to understand
(DBN)


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Netherlands:

Most bankruptcies in over two years; Still below pre-Covid levels
(DBN)

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