December 15, 2022

The Daily Bankruptcy News

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Law:

Restructuring Partner Scott Atkins announced as the Norton Rose's next global chair
(DBN)

Should The Victims Of Cooley's Layoffs Be Blaming Themselves For Losing Their Jobs?
(DBN)

Sidley Elects New Bankruptcy Partner
(DBN)

Top 30 Biglaw Firm Wishes Associates A Happy Hump Day By Announcing Bonuses -- Plus Extra Cash For High Billers
(DBN)

‘Complicit bias’ and ‘lawfare’ among top new legal terms in 2022
(DBN)

3 law schools dinged for low bar pass rates
(DBN)

Some Clients Like To Play Lawyer
(DBN)

Why this BigLaw firm recently started a legal ops division
(DBN)

UChicago Medicine partners with legal aid lawyers to offer legal help to victims of violence
(DBN)

Biglaw Firms At The Top Of The Pro Bono Game
(DBN)

2022 Legal Industry Report Reveals A Lot Of Firms Still Relying On Generic Solutions
(DBN)

Go Army, Beat Opposing Counsel?
(DBN)

Trump special counsel has subpoenaed officials in these 7 battleground states
(DBN)

34 Congressman's Jan. 6 Texts to Meadows
(DBN)

Trump sues Pulitzer board for defamation in defending winning Russia collusion stories
(DBN)

Once Election Year Kicks Off, So Will a Trial Accusing Donald Trump and His Family of Promoting a Pyramid Scheme
(DBN)

10th Circuit upholds sanctions for lawyers who filed election suit on behalf of every US voter Big Lie Election Lawyers Still Sanctioned, Still Full Of S---, Tenth Circuit Confirms
(DBN)

Iowa Six Week Abortion Ban Blocked
(DBN)

A Crackdown on the MS-13 Is Causing More Arrests at US Border
(DBN)

El Paso residents on edge over migrant surge
(DBN)

N.Y. Attorney General Fights First Amendment Lawsuit Over State's Online Hate Speech Law, Argues Challengers Have Statute 'Wrong'
(DBN)

Former Texas Hooters Waitress Accused of Egging on 'Massive Bloodletting Event' Requests Lower Bond So She Can Pay with OnlyFans Money
(DBN)

DNA Evidence Disproves Elderly Woman's Goose Bite Claim More Than 30 Years After Her Husband Was Found Shot in the Back of the Head: Police
(DBN)

Knife-wielding 'Hamburglar' robs nuggets, burgers from Bronx McDonald's
(DBN)

Son of Ohio Judge Sentenced for Murdering Wife by Shooting Her Three Times in the Head in 2021
(DBN)

Texas AG Ken Paxton sought data on transgender Texans, report claims
(DBN)

Voter fraud crusader Mark Meadows may be charged with voter fraud after registering at mobile home
(DBN)

Weinstein Jurors Haven’t Reached a Verdict in 9 Days of Deliberations
(DBN)

Ohio Teacher Says School Forced Her to Resign After She Refused to Call Students by Their Preferred Names, Pronouns
(DBN)

As hate crimes continue to rise, LAPD chief blames social media, Kanye West Kanye West’s Love of Hitler Allegedly Goes Back 20 Years
(DBN)

54 School Shootings Since Sandy Hook Sandy Hook parents reflect on 10th anniversary of mass shooting, work to curb gun violence
(DBN)

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Judges:

Suspension recommended for judge who called defendant ‘Quick Draw’ and police officer ‘Mr. Know It All’
(DBN)

Sure, This Federal Judge Was Supposed To Recuse Herself But 5th Circuit Says Too Bad, So Sad
(DBN)

Texas Court Recommends Vacating Conviction of Jewish 'Texas 7' Inmate After Trial Judge's Clear 'Anti-Semitic Bias' Exposed
(DBN)

Conservative Activist Poured Millions Into Groups Seeking to Influence Supreme Court
(DBN)

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Wall Street:

Stock futures fall a second day on fears the Fed will tip the economy into a recession
(DBN)

Stocks stumble after Fed hikes rates, signals more to come
(DBN)

Equities Decline as Fed Shock Halts Global Rally
(DBN)

Powell Sees Rates Higher for Longer, But Market Doesn’t Buy It
(DBN)

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Layoffs:

Washington Post to conduct layoffs in coming year
(DBN)

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Climate:

World’s first carbon border tax lands in Europe
(DBN)

New Orleans: Large tornado strikes Lower Ninth Ward, Arabi just 9 months after picking up the pieces New Orleans area hit by deadly storms as tornado outbreak continues in South
(DBN)

Fusion power is still decades and billions of dollars away, despite this week’s major breakthrough
(DBN)

Bitter cold from Siberia to send USA into deep freeze
(DBN)

Drought emergency declared for all of Southern California
(DBN)

Behind the Key Decision That Left Many Poor Homeowners Without Enough Money to Rebuild after Katrina
(DBN)

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Utilities:

Analysis of Just Energy Group bankruptcy proceedings
(DBN)

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Politics:

Trump hits 7-year low in new national poll as Biden approval climbs Trump favorability sinks to lowest level since 2015: survey
(DBN)

In Congress, Republicans confront divisions posing long-term threats
(DBN)

Kari Lake's doomed legal battle: The holiday grift that keeps on giving
(DBN)

Paul Pelosi attack: Police officer says he saw it happen
(DBN)

Trump's 'Major Announcement' Sparks Speculation About VP Pick, Lawsuit
(DBN)

DeSantis holds early lead over Trump among GOP primary voters
(DBN)

Senate Dems prepare to join the investigative fray
(DBN)

Dems agonize over Sinema 2024
(DBN)

Thiel Breaks Silence: Calls midterms 'disastrous, depressing'
(DBN)

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Economy:

Fed raises interest rates another half point, slowing pace of hikes Fed raises interest rates half a point to highest level in 15 years The Fed projects raising rates as high as 5.1% before ending inflation battle Here’s what changed in the new Fed statement FOMC Projections and Press Conference FOMC Statement: Raise Rates 50 bp; "Ongoing increases appropriate" Fed tightens grip on economy even as inflation cools Powell Says Fed Still Has a ‘Ways to Go’ After Half-Point Hike
(DBN)

House set to vote on stopgap funding fix with broader deal still under wraps
(DBN)

House set to vote on stopgap funding fix with broader deal still under wraps
(DBN)

The Biggest Threats to the U.S. Aren’t What You Think
(DBN)

The Cost of Living Crisis Is Ruining Sex
(DBN)

AIG unit that had big role in 2008 crisis nears official end AIG subsidiary files for Chapter 11 bankruptcy
(DBN)

Poland, Lithuania Hold Up New Russian Sanctions, Minister Says
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Current State of the Housing Market; Overview for mid-December
(DBN)

AIA: Architecture Billings Index Declines Further in November
(DBN)

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

Judge denies approval of Tepper Co. bankruptcy plan in failed Rock Hill Panthers site Panthers project bankruptcy deal in SC delayed after judge disagrees with Tepper’s plan
(DBN)

NY: Insolvent rent-aid program will close Jan. 15
(DBN)

Flagler County Sues Cynthia d’Angiolini, Lone Dunes Hold-Out, And Her Attorney Wants Off Bankruptcy Case
(DBN)

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Municipalities:

As PREPA plan deadline extended again, mediators accuse Oversight Board of dishonesty
(DBN)

Despite budget deficits and bankruptcy, Chester should not sell off its water system
(DBN)

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Retailing:

Sears Hometown’s ‘Sad Day’ Arrives as Liquidation Bankruptcy Begins
(DBN)

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Crypto:

Bankruptcy Lawyers Are Bootstrapping Their Way Into Crypto Cases
(DBN)

FTX Bankruptcy Standoff Heats Up as Bahamas Challenges US Case FTX's bankruptcy lawyers say they "do not trust" Bahamas government FTX Bankruptcy Court Is Warned Against Granting Bahamas 'Dangerous' IT Access Highlights of the House Committee Hearing on FTX FTX Executives Used ‘Korea’ Account to Mask Giant Alameda Liabilities 'Like Using Windows Movie Maker to Edit Hollywood Productions': One-Time Multibillion Dollar Company FTX Used QuickBooks For Accounting Bankman-Fried's Fraud Lasted for Years 'It's not fit for humanity': Sam Bankman-Fried's Bahamas jail is infested with rats and maggots and inmates at high risk of TB get bedsores from lying on the ground - while kids are detained with adult prisoners Ex spotted in NYC as rumors of her flipping swirl Sam Bankman-Fried tried to use his vegan diet to get released from jail after he was arrested in the Bahamas: reports In sweltering Bahamas courtroom, Bankman-Fried fights incarceration Photos show squalid conditions at the Bahamas prison where Sam Bankman-Fried will spend his holidays Photos show disgraced FTX founder Sam Bankman-Fried cuffed in Bahamas on his way to jail Sam Bankman-Fried Confirmed He Wears an Emsam Patch. What’s an Emsam Patch? New FTX CEO is getting paid $1,300 an hour, and customers will foot the bill Bankman-Fried Charges Showcase U.S. Prosecutor's Growing Role in Crypto Enforcement A South Dakota trust company is aiding FTX in bankruptcy proceeding 'Wolf of Wall Street' Jordan Belfort tells jailed FTX founder Sam Bankman-Fried to 'shut up' and 'listen to his lawyers' Samuel Bankman-Fried's Criminal Indictment And Civil Lawsuits Could Provide Enhanced Tax Benefits To Those Who Lost Money On FTX After Sam Bankman-Fried's Arrest, the FTX Show Goes On FTX’s top executive blew the whistle on SBF for probable fraud Top FTX Group Executive Tipped Off Bahamas Authorities About Comingling of Funds in November FTX executive Ryan Salame tipped off Bahamian regulators to possible fraud Lawmakers grapple with sheer size of FTX’s missing billions ‘Where is Gary Wang?’: FTX’s other ex-billionaires lie low after SBF arrest Senate Banking hearing set to take aim at FTX and cryptocurrency industry: ‘The largest Ponzi scheme in history’ Sam Bankman-Fried denied he was part of a secret chat group called 'Wirefraud' alongside other top FTX executives Former Madoff attorney on Sam Bankman-Fried charges
(DBN)

After FTX: Explaining the Difference Between Liquidity and Insolvency
(DBN)

Investors take flight as crypto crisis spreads: World's largest exchange, sees rush of withdrawals
(DBN)

Shark Tank's Kevin O'Leary says comparing crypto to gambling is the same way the stock market was described before it was regulated FTX creditor Kevin O'Leary blames Binance for former exchange's bankruptcy, urges need for regulation Kevin O'Leary Tells US Lawmakers FTX Failed Because Binance Intentionally Killed It
(DBN)

Binance Founder ‘CZ’ Insists We Can Trust His Crypto Exchange – but Can We? Read the full memo the CEO of Binance sent to staffers after the exchange was hit by more than $1 billion of withdrawals in a day amid the FTX fiasco
(DBN)

Bitcoin Miner Core Scientific's Lender Wants to Give Miner $72M to Avoid Bankruptcy
(DBN)

Bitcoin drops following Fed decision after topping $18,000 for first time in over a month
(DBN)

Major cryptocurrency cases probed by U.S. authorities
(DBN)

Democratic Senator Elizabeth Warren launches bipartisan bill to crack down on money laundering in cryptocurrency
(DBN)

Brown on FTX: Crypto Puts Consumers and Our National Security at Risk
(DBN)

FTX crypto implosion focuses scrutiny on SEC chief Gensler
(DBN)

Let’s Stop Treating Crypto Trading as If It Were Finance
(DBN)

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Autos:

Still No Bottom on Tesla Stock Elon Musk sells yet another $3.6 billion in TSLA stock to fund Twitter disaster
(DBN)

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Fraud:

‘We’re Robbing F*cking Idiots’: Twitter Influencers ‘Bragged and Laughed’ While Pumping and Dumping Stocks, SEC Says
(DBN)

Florida Pastor and Son Arrested for Alleged $8 Million Covid Relief Fund Scheme
(DBN)

ABC Capital: a Philly real-estate company critics call a 'big fat nasty scam.'
(DBN)

Live Well trustee looks to Hild criminal ruling to move bankruptcy case along
(DBN)

Eight Social Media Influencers Charged by SEC, DOJ in Alleged $100 Million ‘Stock Manipulation Scheme’ on Twitter, Discord
(DBN)

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Education:

Antisemitism Is Rising at Colleges, and Jewish Students Are Facing Growing Hostility
(WSJ)

20% of Adults Struggle to Read
(DBN)

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Media:

Journalists are being jailed and killed in record numbers
(DBN)

A newspaper vanished from the internet. Did someone pay to kill it?
(DBN)

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Celebs:

Boris Becker freed from prison and facing deportation over bankruptcy debt convictions Boris Becker breaks down in tears as he addresses hitting 'rock bottom' in prison
(DBN)

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New Bankruptcy Opinions
(5 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (23 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (22 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)

Cross-Border:

Bankruptcy Court Denies Chapter 15 Recognition Request of Cayman Islands Joint Provisional Liquidators
(DBN)

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Mass Torts:

Citing bankruptcy judge's 'errors,' 3M begs appeals court for stay in earplugs MDL
(DBN)

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Ch. 13:

BK WD WA: Presumptive Fee Increased for Chapter 13 Cases
(DBN)

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Bankruptcy Strategy:

A Playbook for Borrowers Facing Economic and Debt Market Pressures
(DBN)

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Impairment:

Latam Creditors Get a Negative Ruling on Postpetition Interest
(DBN)

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Insurance:

Top D&O risk trends outlined
(DBN)

FedNat files for Chapter 11 bankruptcy protection
(DBN)

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Mass Torts:

Ex-Macomb Co. Boy Scout Leader Sentenced To Prison For Molesting Boys
(DBN)

Honeywell Announces Court Approval of NARCO Trust Buyout and Planned Acquisition of HarbisonWalker by Platinum Equity
(DBN)

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Aviation:

Azul: The Cash Burn Continues
(DBN)

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Food/Beverage:

Stalking Horse Bidder For Bankrupt Winc Emerges — WX Brands
(DBN)

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Tech:

Twitter suspends account that tracked Elon Musk's jet Elon Musk’s son X ‘followed by stalker who climbed on car hood’ as Twitter CEO suspends Jack Sweeney jet tracker account Jet-tracking teen lashes out at Elon Musk for suspending Twitter account If Only He Were As Good At Maintaining A Legal Department As He Was At Racking Up SEC Charges Jack Dorsey criticizes Musk’s ‘Twitter Files’ rollout, attacks on execs: ‘If you want to blame, direct it at me’ QAnon is finding new life in Elon Musk's conspiracy theories
(DBN)

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Labor:

Federal lawyer asks judge to block bankruptcy of former Milford strip club owner sued by dancers
(DBN)

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Healthcare:

Owners of senior facilities file bankruptcy
(DBN)

Feds Propose Crackdown on Scam Medicare Ads
(DBN)

Medical Care and Politics Go Hand in Hand at a Chicago Safety Net Hospital
(DBN)

Dobbs decision is "devastating" U.S. maternal health, Biden administration says
(DBN)

White House to restart free Covid home test program White House reveals winter COVID-19 plans, more free tests
(DBN)

Omicron subvariants are serious threat to boosters and antibody treatments
(DBN)

Federal Judge Strikes Down Part of Montana’s Far-Reaching Anti-Vax Law
(DBN)

DeSantis Asks for Grand Jury to Investigate Pfizer and Moderna Over COVID-19 Vaccines: Pharma Has 'Notorious History of Misleading the Public for Financial Gain'
(DBN)

As Workers Battle Cancer, The Government Admits Its Limit for a Deadly Chemical Is Too High Why the U.S. Is Losing the Fight to Ban Toxic Chemicals
(DBN)

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Sovereigns:

Uncertainty in Debt Restructuring from Creditors is Delaying Sri Lanka’s IMF Bailout Package; Chinese Debt under Focus Sri Lanka expects up to $8 bln more in loans, asset restructuring Negotiations with creditors will be complete in January 2023 – Governor
(DBN)

Venezuela creditors say they support Mexico talks, UN fund
(DBN)

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UK:

Last Chance To Get It Right – Pleading Causation And Quantum Arising Under S.212 (Misfeasance) And/Or S.214 (Wrongful Trading) Insolvency Act 1986.
(DBN)

Who is Adam Afriyie? Tory MP declared bankrupt
(DBN)

Bank of England hikes key rate by 50 basis points
(DBN)

British lawmakers defend accepting 'lavish' Qatari gifts before World Cup
(DBN)

Creditors of collapsed Testerworld come forward but likely to lose more than £28m
(DBN)

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Canada:

Reverse Vesting Orders: Popular In Canada And Going International?
(DBN)

Prosecution collapses against execs caught up in CannTrust cannabis scandal
(DBN)

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China:

4 Startling Ways China Is Challenging the U.S.
(DBN)

A week into China’s easing, uncertainty over virus direction
(DBN)

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Russia:

How the UAE helped the U.S. with Brittney Griner's release
(DBN)

U.S. Air Force veteran freed in Ukraine-Russia prisoner swap
(DBN)

What can the Patriot missile do for Ukraine?
(DBN)

The Ukraine War Has Split Russian Into Five Tribes
(DBN)

Viktor Bout's Lawyer Confirms That Trump Passed on Deal for Paul Whelan, Skewers Don Jr.'s Tweet About 'Terrorist' Client
(DBN)

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Bermuda:

Provisional liquidation as a restructuring tool
(DBN)

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