December 5, 2022

The Daily Bankruptcy News

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Law:

Cooley Layoffs Spotlight Risk in Big Law Boom-Bust Hiring Cycle
(DBN)

U.S. legal jobs inched up in November amid demand slowdown
(DBN)

This Top Law Firm Just Brightened Their Employees’ Day With An Early Gift: Bonus Money! How Far Will This Biglaw Firm Go For Associates? About $115,000 Far Piping Hot New Bonuses, Fresh From The Biglaw Oven Milbank Rushes Into The Year-End Bonus Fray Davis Polk Is Here To Announce Its 2022 Bonus Scale Hear Ye, Hear Ye! Paul Weiss Is In! Bonus News Came Upon A Midnight Cleary Skadden's Bonuses Contain Extra Good News For Senior Associates Top 50 Biglaw Firm Enters The Bonus Game With Cold, Hard Cash For Associates This Top 10 Biglaw Firm Is Making It Rain On Associates Associate Compensation Scorecard: Biglaw's 2022 Bonus Bash Leader Of Top 25 Biglaw Firm Offers Incredibly Frank, Colorful Reasoning Behind Slow Bonus Season
(DBN)

Promotions To Biglaw Partnership Are Up This Year
(DBN)

Legal Industry Harassment Is Not Rare, But Rarely Shared
(DBN)

Michael Avenatti Is to Be Sentenced for Defrauding Clients in California. Here's What You Should Know.
(DBN)

Has Yale Changed The Law School Rankings Game? Stay? Go? Law schools diverge in US News rankings revolt
(DBN)

Representing Individuals Is Very Different From Representing Companies
(DBN)

Jan. 6 rioter attempted to sell footage of insurrection to Pelosi’s daughter: DOJ
(DBN)

Trump loss ignites next steps for DOJ in Mar-a-Lago investigation
(DBN)

Jan. 6th Committee member Jamie Raskin on Trump: "People are hungering for justice and for accountability and consequences" Pence says Trump ‘seemed genuinely remorseful’ about family’s wellbeing after Jan. 6
(DBN)

What Congress can do with Trump’s tax returns
(DBN)

Trump's legal woes just keep piling up
(DBN)

Unindicted Trump looms large over closings in company's New York tax fraud trial
(DBN)

Holder: Hunter Biden should be treated "like any other American" in federal probe
(DBN)

Ohio Cops Decide First Amendment Doesn’t Exist, Arrest Newspaper Editor For Committing Journalism
(DBN)

Defamation Suit Against Fox Grows More Contentious
(DBN)

Harvey Weinstein LA Rape Trial Heads To Jury For Deliberations Harvey Weinstein’s Abnormal Testicles Are Key Focus of Final Arguments in Trial 'Regret Is Not the Same Thing as Rape': Harvey Weinstein's Lawyer Reduces Prosecutors' Sexual Assault Case to 'Take My Word for It' Jury Begins Deliberating in Harvey Weinstein's Sexual Assault Trial After Prosecutor Sarcastically Rebuts Defense Closing
(DBN)

Polygamous leader had 20 wives, most under age 15: FBI affidavit Bentley-driving Arizona 'Mormon prophet' had 20 wives as young as nine including his own daughter, FBI says - and drove them around in a trailer with a bucket for a toilet
(DBN)

Amber Heard appeals for new trial in Johnny Depp defamation case
(DBN)

'Reckless driver' turns out to be dog behind wheel of Texas parking lot crash
(DBN)

Parents of murdered Idaho student say two victims' 'means of death don't match'
(DBN)

Antisemitic celebs stoke fears of normalizing hate
(DBN)

A history lesson for Ye: Hitler would have sterilized your children Masked Ye goes on antisemitic tirade on Infowars: ‘I like Hitler’
(DBN)

Immigration naturalizations in the US highest in a decade
(DBN)

How the Respect for Marriage Act will heal of one of America’s most toxic divisions
(DBN)

Supreme Court again confronts case pitting free speech against LGBTQ rights The big stakes in the Supreme Court’s new LGBTQ rights case
(DBN)

Advocates warily eye legal challenge to abortion pills Some Republicans say the midterms were a mandate for further abortion restrictions
(DBN)

Bad blood: Taylor Swift fans sue Ticketmaster
(DBN)

'Go Back to China': Driver Allegedly Rammed Vehicle into Asian Man, Carrying Him for About '200 Yards' Before Knocking Him into Construction Ditch
(DBN)

City of Uvalde Sues County District Attorney for 'Complete' Investigative Materials for Elementary School Mass Shooting
(DBN)

Ohio Prison Inmate Indicted for Sexually Assaulting and Murdering Florida Nurse in 1980 Cold Case: Police
(DBN)

Indiana Judge Finds Attorney General Violated State Law, Caused 'Irreparable Harm' to Doctor Who Cared for Pregnant 10-Year-Old Ohio Rape Victim
(DBN)

Texas Woman Makes Bond After Allegedly Stabbing Boyfriend for 'Not Helping Her with the Bills' on Thanksgiving Day
(DBN)

A Detroit father was fatally shot by a man for letting a group of women enter an elevator first. His mother wants his assailant caught: 'My son was just being a gentleman'
(DBN)

A Kentucky city canceled its Christmas parade after someone threatened to shoot members of a group who planned nearby protests against Emmett Till's accuser
(DBN)

Mississippi Man Pleads Guilty to Federal Hate Crime After Burning a Cross in His Front Yard to Intimidate Black Neighbors
(DBN)

82-Year-Old Woman Arrested for Not Paying $77 Trash Bill
(DBN)

ACLU Lawsuit Claims Grandmother's Home Was 'Illegally' Raided by SWAT Team Searching for Stolen iPhone 11
(DBN)

Druggings, Deaths and Robberies Put New York’s Gay Community on Edge
(DBN)

______________

Judges:

Many federal judges want clerkship diversity but say the topic is rarely addressed in court, new study says
(DBN)

What happened to the investigation into the Dobbs draft leak?
(DBN)

'Most important case': Supreme Court weighs increasing state lawmakers' power during elections Eric Holder "extremely concerned" about Supreme Court elections case The Deranged SCOTUS Case That Could Kill Democracy
(DBN)

Eleventh Circuit Sh*tcans Trump Special Master In Withering Takedown Of Lower Court Ruling Judge didn’t have jurisdiction to appoint special master in Trump documents case, 11th Circuit says After the 11th Circuit's Beatdown, Donald Trump Fights to Keep Moribund Mar-a-Lago Case Alive Until Ruling Takes Effect Next Week
(DBN)

Judge who displayed gun during hearing, resigns
(DBN)

2 federal appeals judges boycotting Yale Law clerks see progress in campus tolerance for conservative views
(DBN)

This SCOTUS Loophole Is a Conflict of Interest Nightmare
(DBN)

______________

Wall Street:

Stock futures slip slightly to start the week as traders look ahead to more economic data
(DBN)

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Layoffs:

United Furniture Industries owner reportedly has vanished and is staying silent after laying off 2,700 staffers right before Thanksgiving
(DBN)

From CNN to PARAMOUNT, Perfect Storm in Media Propels Layoffs
(WSJ)

CNN Boss Who Fired Hundreds Of Staffers Had Security Detail During Network Bloodbath
(DBN)

Cryptocurrency exchange Bybit plans to cut 30% of workforce: CEO Ben Zhou
(DBN)

I was laid off from DoorDash and was depending on it for my H1B visa.
(DBN)

______________

Politics:

‘Only By Bullets Now’: GOP Candidate Openly Calls For Violent Revolution Over Hunter Biden Laptop Drop
(DBN)

Trump is still the go-to guy for GOP hate
(DBN)

Benjamin Netanyahu hopes Trump will condemn antisemitism
(DBN)

Trump Calls For Termination of the United States Constitution Trump calls for ‘termination’ of election rules in Constitution to overturn 2020 election Top House Intel Republican condemns Trump’s calls to suspend Constitution over 2020 election Cheney calls Trump ‘enemy of the Constitution’ after he proposes terminating it Lawmakers react to Trump's call to suspend Constitution
(DBN)

Musk’s ‘free speech’ Twitter vision put to test by Ye Rick Scott thanks Musk for 'standing up against' antisemitism by booting Ye from Twitter Ye's praise of Hitler is scary. But Jews like my grandmother have survived worse Elon Musk explains why Ye was suspended from Twitter Jewish UFC Fighter Shares Blunt Message for Kanye West Surging Twitter antisemitism unites fringe, encourages violence, officials say Alex Jones Has a Playbook for Hedging Outrageous Statements. Ye Ignored It.
(DBN)

Here’s where Trump’s GOP rivals stand on potential 2024 bids
(DBN)

Republican flips Northern California congressional seat
(DBN)

Jeffries downplays notion of Democrats voting for moderate GOP Speaker
(DBN)

Biden Is Staffing Up for GOP Probes Even While Downplaying Risks
(DBN)

Dems Move SC to First in Presidential Contest, Supplanting IA Biden triggers Democratic battle with primary vote
(DBN)

Taking on the elite becomes go-to brand for DeSantis
(DBN)

Why Biden is keeping his distance from Georgia’s Senate runoff Georgia shatters single-day early voting record again 'I've never been hiding': Walker defends campaign ahead of Tuesday's runoff 3 takeaways from the big early voting numbers in Georgia’s Senate runoff GA. Lt. Gov: Walker Worst Candidate in History
(DBN)

Senate Democrats reject proposal to share more power
(DBN)

Jeffries hits back at McConnell over ‘election denier’ charge: ‘Hypocrisy is not a constraint to their behavior’
(DBN)

Arizona judge orders Cochise County board to certify election results after refusal
(DBN)

The winners and losers in Democrats' 2024 primary shakeup
(DBN)

Newt Gingrich warns GOP: Biden's winning
(DBN)

Pennsylvania Republicans reconsider their war on mail voting
(DBN)

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Economy:

Savings rate plunges to lowest level since 2005
(DBN)

The 'yes, but' economy. Yes, we're worried about recession — but the economy remains resilient
(DBN)

The booming labor market isn't cooperating with the Fed
(DBN)

The economy just doesn’t make sense anymore
(DBN)

Larry Summers predicts Fed will need to raise interest rates more than market anticipates
(DBN)

Jobs are up. Wages are up. So why is this economist so gloomy?
(DBN)

More Americans Leave the Workforce as Participation Rate Drops Again Where Did Young Male Workers Go?
(DBN)

U.S. economy adds 263,000 jobs in November
(DBN)

Demand for remote jobs outpaces supply
(DBN)

35% of Millionaires Worried About Retirement
(DBN)

Russia rejects $60-a-barrel cap on its oil, warns of cutoffs Russia to ban oil sales under price cap, Kremlin says The Russian oil debacle OPEC+ agrees to stick to its existing policy of reducing oil production ahead of Russia sanctions Energy hungry Europe can't look to U.S. shale to fill any OPEC gap VW: Energy Costs Make New EV Plants Unfeasible
(DBN)

GOP says Inflation Reduction Act should be factored into spending fight
(DBN)

From chicken wings to used cars, inflation begins to ease its grip
(DBN)

Biden signs rail agreement into law, thwarting strike
(DBN)

World population at 8 billion — by the numbers
(DBN)

The 10 countries with the least paid vacation — the U.S. is No. 2
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Home price growth is slowing most in these cities, data shows
(DBN)

Why Office Buildings Are Still in Trouble
(DBN)

A controversial fix for America's housing market: more foreclosures
(DBN)

Homeowners looking to move are eyeing cities in this state
(DBN)

Here's how much US home prices will plunge in current market bubble: expert
(DBN)

Panthers owner David Tepper scrutinized in criminal probe
(DBN)

____________

Municipalities:

PREPA fuel line lenders reach deal giving them priority over bondholders
(DBN)

DeSantis Reportedly Backing Down from Plan to Target Disney’s Self-Government District
(DBN)

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Oil/Gas:

 

Gas Prices Are Dropping: Here’s How Much Lower They Might Go
(WSJ)

____________

Crypto:

Shoba Pillay, Examiner in Celsius Network Bankruptcy, Files Interim Report
(DBN)

Bankruptcy lawyers stand to benefit greatly from crypto turmoil - report Crypto meltdown a boon for bankruptcy lawyers
(DBN)

The Confession of Sam Bankman-Fried Moonstone: How a state charter for a tiny bank in Farmington could have built a financial empire Former FTX users say the failed crypto exchange was a ‘Ponzi scheme.’ Here’s how those work, and what we know about how Sam Bankman-Fried operated Crypto ‘smart’ money? Big traders fell for Sam Bankman-Fried Anna Sorokin says Sam Bankman-Fried's media apology tour is a scam: 'He's just trying to save himself' FTX’s LedgerX Up for Sale as Restructuring Process Picks Up FTX’s bankruptcy triggers global squabbles over ownership and control of crypto firm’s assets Elon Musk Suspects Former FTX CEO Sam Bankman-Fried Donated Over $1 Billion to Support Democrats Billionaire investor Bill Ackman is walking back on comments seemingly defending SBF — says 'nothing could be further from the truth' Disgraced crypto exchange billionaire Sam Bankman-Fried says he will testify before the House but there is one big hurdle as Democrat Maxine Waters praises FTX founder for his 'candidness' Jim Cramer Calls FTX Co-Founder Sam Bankman-Fried a Pathological Liar, Conman, and Clueless Idiot Mr. Crypto goes to Washington Did You Miss the DealBook Summit? Justice Dept. requests independent review of FTX collapse Crypto community weighs in on SBF’s ‘apology tour’ Sam Bankman-Fried said it's 'not who I am' to shun the press. But legal experts say his recent interviews could come back to haunt him FTX Investors Are Squeezed by US for Information on Firm and Bankman-Fried Sam Bankman-Fried says he 'misaccounted' $8 billion after FTX customers wired money to hedge fund Alameda and the cash was counted twice Coinbase CEO Armstrong says Bankman-Fried’s US$8 bln ‘accounting error’ doesn’t stand up
(DBN)

Clashes Over FTX Bankruptcy Go Global
(DBN)

FTX-Gisele Partnership Highlights Risks of Celebrity ESG Roles
(DBN)

FTX fallout: Why running a crypto exchange just got a lot harder
(DBN)

How two crypto hedge funds dodged the market collapse
(DBN)

Most crypto companies will 'crash' after years of industry Ponzi schemes: Palantir co-founder
(DBN)

Crypto Stocks Teeter Near Abyss as Fink’s Warning Adds to Angst
(DBN)

Bitcoin sinks further 70% in StanChart’s list of possible 2023 upsets
(DBN)

Crypto broker Genesis owes Winklevoss exchange’s customers $900mn Crypto lender Genesis allegedly owes $900M to Gemini’s clients: Report Genesis Creditor Groups' Loans Amount to $1.8B and Counting: Sources Alameda Research invested $1.15B in crypto miner Genesis Digital: Report
(DBN)

Is the worst over for bitcoin and the rest of crypto?
(DBN)

Is Bitcoin the only crypto that will survive FTX? FTX downfall threatens crypto existence
(DBN)

Crypto Crashes, but the Awards Go On
(DBN)

Celsius clients with collateral stuck on failed crypto platform turn to bankruptcy process for relief
(DBN)

BlockFi may have a plan to exit bankruptcy The unraveling of $3 billion crypto lender BlockFi amid FTX's 'death spiral', according to bankruptcy filings
(DBN)

AAX clients storm exchange's office in Lagos following operations halt
(DBN)

3AC bankruptcy process faces challenges amid unknown whereabouts of founders Three Arrows Capital says its founders still not cooperating with asset recovery Three Arrows Liquidators Seek to Subpoena Missing Founders Via Twitter Three Arrows Capital Liquidators Seize $35.6M From Singaporean Banks Legal team for 3AC liquidators blast founders for shifting blame to FTX, media blitz amid bankruptcy
(DBN)

Galaxy wins bid for collapsed crypto lender Celsius' GK8 unit
(DBN)

Tim Draper predicts bitcoin will reach $250,000 next year despite FTX collapse: ‘The dam is about to break’
(DBN)

____________

Tech:

‘This will be awesome’: Musk leaks Twitter's Hunter Biden files Musk vows 'more smoking guns’ from Twitter after Hunter Biden bombshell Left-wing journos attack reporter Matt Taibbi for exposing Musk's Twitter files Comer wants Twitter employees to talk to Congress about Biden laptop story Musk's "Twitter Files" spotlights Hunter Biden story ban FBI warned Twitter during ‘weekly’ meetings of Hunter Biden ‘hack-and-leak operation’ before censoring The Post Ro Khanna Warned Twitter of Backlash for Suppressing Hunter Biden Story You may think Twitter was wrong to censor the Hunter Biden laptop story but it wasn't a violation of the First Amendment
(DBN)

Elon Musk claims risk of his assassination is ‘quite significant’
(DBN)

Twitter Keeps Missing Its Advertising Targets as Woes Mount
(DBN)

Hate Speech Rises on Twitter After Musk Takeover, Researchers Say
(DBN)

Migration to other social media platforms shows no signs of slowing after Elon Musk's Twitter takeover
(DBN)

Elon Musk and Twitter: Is he in over his head?
(DBN)

EU: Social faces fines or shutdown if it does not comply with law
(DBN)

____________

Movie Theaters:

Cineworld creditors mull sale of east European theaters
(DBN)

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Food/Beverage:

America’s staggering food waste problem
(DBN)

____________

Cannabis:

Senate plots pro-pot move for lame-duck
(DBN)

____________

Retailing:

This discount chain is lowering prices
(DBN)

____________

Transit:

As federal funds dwindle, New York transit stares down deficits
(DBN)

____________

 


New Bankruptcy Opinions
(4 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 (8 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)

SCOTUS:

A bungled house sale, a bankrupt couple, and a statutory puzzle involving debts incurred through fraud
(DBN)

Justices to consider jurisdiction of appellate courts to review bankruptcy orders
(DBN)

____________

Bankruptcy Fees:

Second Circuit Reaffirms that Debtor Can Obtain Refund for Non-Uniform Bankruptcy Fees
(DBN)

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Exemptions:

Federal judge wants high court to weigh in on 'homestead' law
(DBN)

____________

Mass Torts:

Alex Jones's Bankruptcy After Sandy Hook Verdicts, Alex Jones Declares Personal Bankruptcy. Also Claims To Be Owed $55 Million By His Company. Alex Jones files for bankruptcy after Sandy Hook verdict Alex Jones has filed for personal bankruptcy Sandy Hook attorney calls Alex Jones "cowardly" for filing bankruptcy Facing $1.5B in court judgments, Infowars host Alex Jones files for bankruptcy Alex Jones files for bankruptcy, bringing all post-trial activity by Sandy Hook families to a halt
(DBN)

Will AG's settlement change how Buffalo Diocese handles allegations? Some are skeptical.
(DBN)

Bishop of Santa Rosa Diocese says ‘perfect justice’ not possible in clergy abuse cases
(DBN)

Matano: A path forward for the Rochester diocese
(DBN)

2022 Third Quarter Asbestos Bankruptcy Trust Alert
(DBN)

____________

Aviation:

Delta pilots would get more than 30% in pay raises under new contract deal
(DBN)

How electric air taxis could shake up the airline industry in the next decade
(DBN)

Chris Christie's niece accused of biting, injuring cops during violent plane meltdown Chris Christie's niece bit and kicked deputies trying to escort her off a Spirit Airlines flight after she asked passengers who she thought were Latino if they were 'smuggling cocaine,' report says
(DBN)

Laughing baggage handlers caught slamming bags at airport
(DBN)

TSA Wants to Scan Your Face at Security
(DBN)

____________

Autos:

Is Carvana going out of business? The ‘Amazon’ of cars tumbles
(DBN)

____________

Labor:

The New York Times Newsroom Gets Ready to Walk Out 1,000+ NYT union members threaten to walk out
(DBN)

____________

Trucking:

Elon Musk announces Tesla has started delivering electric trucks to Pepsi
(DBN)

Uber, Aurora to expand self-driving truck ops in Texas to meet holiday rush
(DBN)

____________

Utilities:

Potential criminal act causes over 40K to lose power in North Carolina
(DBN)

____________

Fraud:

Elizabeth Holmes appeals Theranos fraud conviction, prison term
(DBN)

____________

Climate:

Parking lots are becoming as important as cars in climate change efforts
(DBN)

GOP plans climate probes the left might like
(DBN)

Wildfires are burning through state budgets, Pew report says
(DBN)

10 Years of Carbon Offsets Have Done Nothing
(DBN)

Addressing Climate Change Will Not “Save the Planet”
(DBN)

World leaders have 2 weeks to agree on a plan to save nature
(DBN)

____________

Celebs:

Kevin Spacey's Accuser Owes House of Cards Star Nearly $40,000 After a Jury Rejected Sexual Abuse Claims, Court Finds
(DBN)

NFL World Furious with Brett Favre
(DBN)

____________

Pharma:

Why does the US keep running out of medicine?
(DBN)

____________

Student Debt:

DOJ, DOE announce process for discharging federal student loans in bankruptcy
(DBN)

Supreme Court will consider challenge to Biden’s student-debt relief program, puts case on fast track
(DBN)

____________

Maritime:

DOF Reorganization Proceeding Without Minority Shareholder Consent
(DBN)

____________

Healthcare:

Twice as many Texas hospitals at risk of closure than before the pandemic, report says
(DBN)

Dallas CCRC backs away from restructuring plan, supports sale in bankruptcy agreement
(DBN)

Why are so many people sick right now?
(DBN)

'Off the charts': California hit with very high flu activity, among worst in U.S.
(DBN)

COVID cases surging in California after Thanksgiving holiday
(DBN)

44 states experiencing high levels of respiratory illness
(DBN)

Defense bill could roll back Covid vaccine policy, top Dem says
(DBN)

How Dobbs Triggered a ‘Vasectomy Revolution’
(DBN)

Biden administration will end monkeypox public health emergency
(DBN)

These record-breaking twins were born from 30 year-old frozen embryos. Their mom is only 3 years older than that.
(DBN)

____________

UK:

UK government could mitigate strike action with military to help keep public services running
(DBN)

British View of Brexit Has Shifted Dramatically
(DBN)

Brexit Bites the Poor in England Hard
(DBN)

____________

Canada:

They were an iconic Toronto family who built an empire off furs, fashion and dry cleaning. As business after business failed, others paid the price
(DBN)

____________

MENA:

US Intelligence chief: Iranian government doesn’t see country’s protests as ‘imminent threat’ Iran protesters call for 3-day strike as pressure builds Iran abolishes morality police amid Mahsa Amini protests
(DBN)

‘One of the oldest hatreds’: Netanyahu sees new source of antisemitism
(DBN)

____________

Russia:

US Intelligence chief says officials seeing ‘reduced tempo’ in Russia-Ukraine war ahead of winter
(DBN)

Ukraine blasts Macron for suggesting security guarantees for Moscow
(DBN)

Ukraine aid and stealth bombers: Pentagon lays out consequences if Congress can’t pass a budget deal
(DBN)

Blinken labels Putin's Ukraine strategy as ‘barbaric’
(DBN)

Agents of Influence: How Russia Deploys an Army of Shadow Diplomats
(DBN)

____________

China:

Manufacturing orders from China down 40% in demand collapse
(DBN)

China begins loosening COVID restrictions after massive protests
(DBN)

China operating over 100 police stations across the world with the help of some host nations, report claims
(DBN)

____________

India:

IBBI chief bats for putting valuation of IBC entities in public domain
(DBN)

____________

Germany:

Germany’s housing market is facing a serious downturn in prices, analysts say
(DBN)

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