December 7, 2022

The Daily Bankruptcy News

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Law:

Law firms plan big billing rate increases, even as discounts and write-offs proliferate
(DBN)

Biglaw Firm Goes Over The Top On Bonuses For High Billers Huge Firm, Big Bonus Bucks! Global Firm Takes A Chance On A Bonus Match New Litigation Boutique Shows It Can Throw Bonuses Around Like Biglaw After A Tumultuous Year, Biglaw's Supplemental Bonuses Are A Prize For Just A Few
(DBN)

The Price Tag Of Law School Isn't The Only Thing Weighing Law Students Down
(DBN)

Biggest U.S. law firms hit hardest by declining demand, report says
(DBN)

Law prof sues over New York law requiring bloggers and websites to address online hate speech
(DBN)

Jan. 6 House Panel Will Recommend Criminal Prosecutions, Chairman Says Jan. 6 panel will make criminal referrals McCarthy demands January 6 committee preserve all records and vows to hold hearings next year After Deadlocked Jury, Federal Prosecutors Dismiss Theft, Obstruction Charges Against Accused Nancy Pelosi Jan. 6 Laptop Thief Special counsel Jack Smith subpoenas local officials in Trump investigation Jan. 6 Congressional Gold Medal Honorees Snub Kevin McCarthy, Mitch McConnell Jury Selection Underway in Second Trial of Oath Keepers Members Accused of Seditious Conspiracy
(DBN)

Manhattan Jury Convicts the Trump Organization of All Charges Alleging More Than Decade-Long Tax Fraud Scheme Trump Org Guilty Of Criminal Tax Fraud. If You Can Even Believe It! Trump Organization found guilty of tax fraud; maximum penalty is no more than ‘a rounding error’ How the Trump Organization cheated on taxes
(DBN)

Trump Lawyers Earn Yet More Judicial Side Eye In E. Jean Carroll Defamation Case
(DBN)

Rudy Giuliani defends election suit, claims persecution in ethics hearing that became ‘a tad argumentative’
(DBN)

Trump’s Niece Seeks to Revive Fraud Suit Over Family Fortune
(DBN)

'Only the Most Serious Sanction Is Sufficient': Feds Seek Life Sentence for Michigan Man Convicted in Gov. Whitmer Kidnapping Plot
(DBN)

Biden Says North Carolina Grid Sabotage Suspects Still Unknown North Carolina county enters 3rd day of outages as authorities probe motive
(DBN)

The Supreme Court Took a Redistricting Case. It Could Transform Elections
(DBN)

Federal appeals court considers whether driver has right to livestream traffic stop on Facebook
(DBN)

Suspect in LGBTQ club massacre is charged with 305 counts, including murder and hate crimes
(DBN)

Epstein Estate Promises Not To Sell His Islands To A Fellow Sex Criminal
(DBN)

Remains of Missing New Jersey Teen Found More Than 50 Years Following Disappearance After Easter Sunday
(DBN)

Gabby Petito's Parents Want to Name Laundrie Family Attorney as Defendant in Emotional Distress Case
(DBN)

5 Women Sue Bill Cosby for Sexual Assault
(DBN)

10 Year Old Kills Mom, Charged as an Adult
(DBN)

Customer Charged with Murder for Allegedly Shooting Shoplifter Who Was Fighting Family Dollar Employees
(DBN)

Suspect Punched a Restaurant Employee Who Stood Up to Him for Being a Bully, Caused Her to Lose Her Right Eye: Cops
(DBN)

Jarring New Claim About Lee Harvey Oswald's CIA Involvement 70% Wants JFK Assassination Records Released
(DBN)

Feds cite rarely used law to charge 12 with violent scheme to 'monopolize' business at U.S./Mexico border
(DBN)

Ex-Miami Congressman Arrested
(DBN)

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Judges:

Fear Of A Black Santa: Sam Alito Goes WILD At Supreme Court Oral Argument
(DBN)

Quinn Emanuel Partner Warned By Federal Judge About Losing His Cool
(DBN)

Gorsuch Slammed for SCOTUS Comments
(DBN)

Time to Censure Clarence Thomas
(DBN)

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Wall Street:

 

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Layoffs:

Morgan Stanley to cut 1,600 jobs
(DBN)

How United Furniture went from state-funded darling to coldly laying off 2,700 workers
(DBN)

3 Strategies To Ramp Up Your Job Search If You’re Facing A Layoff
(DBN)

Jim Cramer says he expects ‘many layoffs’ at companies after Christmas
(DBN)

The Biden Administration Should Extend The 60-Day Grace Period For Laid-Off Skilled Immigrant Workers
(DBN)

2022 Major Layoffs Grow: Morgan Stanley And BuzzFeed Reportedly Cut Jobs
(DBN)

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Politics:

DOJ sending federal election monitors to several Georgia counties for runoff After 1.9 Million Votes, Warnock-Walker 2.0 Reaches Decision Day With Runoff He Never Should Have Run Democratic Sen. Warnock defeats Republican Walker in Georgia runoff Democratic Sen. Warnock wins Georgia runoff against Walker Warnock's win expands Democratic power in the Senate as his own star rises Warnock's win in Georgia gives Joe Manchin and Kyrsten Sinema far less power over Biden's agenda
(DBN)

GOP smells blood with wounded Trump
(DBN)

Far Right Turns on Marjorie Taylor Greene
(DBN)

Girl, 14, is hospitalized after she was found with self-inflicted knife wounds at Ted Cruz's home Senator Ted Cruz’s daughter ‘taken to hospital’ after police respond to ‘family matter’ at River Oaks home
(DBN)

WA appeals court largely upholds Eyman campaign finance violations
(DBN)

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Economy:

Goldman CEO Sounds Warning on Pay, Job Cuts on Uncertain Outlook
(DBN)

Solomon Says Pay to Fall as ‘Bumpy Times Ahead’: Goldman Update
(DBN)

European Gas Advances as Winter Freeze Boosts Demand
(DBN)

Trade Deficit increased to $78.2 Billion in October
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

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

Q3 Update: Delinquencies, Foreclosures and REO
(DBN)

Harborside retirement community facing more financial problems, letter says
(DBN)

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Municipalities:

America's Fastest Shrinking Cities
(DBN)

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Oil/Gas:

Oil steadies after three-day drop as demand concerns multiply
(DBN)

You're Being Lied to About Electric Cars
(DBN)

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Crypto:

The Questionable Virtues of Chapter 11 in the FTX Bankruptcy
(DBN)

Crypto CEOs fearing worst is yet to come are cutting more jobs
(DBN)

Crypto Bank Silvergate Asked by US Senators to Explain FTX Ties Silvergate shares fall despite CEO letter seeking to diffuse concerns over FTX fallout If Bankman-Fried Is Telling The Truth, Ellison Has Some Explaining To Do Sam Bankman-Fried is said to hire defense attorney in wake of FTX probes Sam Bankman-Fried hires defense attorney as US authorities probe FTX: Report Sam Bankman-Fried's venture unit reportedly invested in a military drone maker, fertility clinic, and a vertical farming company. Here are some of the defunct crypto giant's biggest and most bizarre bets Kevin O’Leary defends SBF, says FTX should be audited Another giant joints the crypto graveyard Sam Bankman-Fried’s Robinhood stake is tied up in FTX bankruptcy proceedings, CEO Tenev says SBF's Alameda racked up $55,000 Margaritaville debt by snapping up around 20 premium suites for workers, who took bus across tropical island to work, report says
(DBN)

JPMorgan CEO Jamie Dimon Calls Crypto Tokens ‘Pet Rocks’
(DBN)

Binance Counters 'Wrong Narratives' About FTX — CZ Calls SBF 'One of the Greatest Fraudsters in History'
(DBN)

5 Takeaways From Three Arrows Capital’s New York Bankruptcy Hearing
(DBN)

Bitcoin Miner Marathon Expects to Recover Less Than Half Its Deposit From Bankrupt Compute North
(DBN)

Cryptocurrency has become a playground for fraudsters
(DBN)

Help Us Regulate Crypto: Concerned Senator Sherrod Brown asks Treasury Secretary for Help After FTX Collapse
(DBN)

Financial Stability Board aims to address crypto-related risks following FTX’s collapse
(DBN)

Crypto Firm Orthogonal, Victim of FTX Contagion, Now Faces Internal Dissent
(DBN)

The world's largest stablecoin looks shaky
(DBN)

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Banking:

FDIC: Problem Banks Increased to 42 in Q3 2022
(DBN)

Credit Suisse Slides as Rights Offering Weighs Again
(DBN)

Citigroup’s $500 Million Blunder on Revlon Loan Near Final Resolution
(DBN)

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Mass Torts:

Juul settles more than 5,000 lawsuits for undisclosed amount
(DBN)

Suspended New Orleans deacon pleads guilty to molesting preteen boy
(DBN)

Hertz to Settle Most False-Arrest Claims for $168 Million
(DBN)

Factory workers across the U.S. say they were exposed to asbestos on the job
(DBN)

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Student Debt:

Biden's administration asks the Supreme Court to take on another student-loan forgiveness lawsuit, saying the lower court blocking the debt relief 'profoundly erred'
(DBN)

These Student Loan Forgiveness Programs Are Not Blocked — Here’s How To Apply
(DBN)

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Agribusiness:

Mississippi grain company's ex-CEO indicted on fraud charges
(DBN)

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New Bankruptcy Opinions
(5 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (19 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (3 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:

US corporate bankruptcy filings fell in November
(DBN)

BK ME: November 2022 Statistics
(DBN)

BK WD NY: Caseload Data: Month Ending November 2022
(DBN)

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Bankruptcy Rules:

Subchapter V Bankruptcy Rules Permanently Amended
(DBN)

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SCOTUS:

Justices skeptical of bankruptcy protection for 'unwitting' beneficiaries of fraud Wiping Away Debts From Others’ Fraud Weighed by Supreme Court
(DBN)

Justices dubious about rejecting jurisdiction of appellate courts to review bankruptcy orders
(DBN)

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Aviation:

Airlines See 2023 Profit as US Growth Offsets China Barriers
(DBN)

Airbus Cuts Full-Year Delivery Target Amid Supply Glitches
(DBN)

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Food/Beverage:

Bertucci’s shutters Connecticut locations after bankruptcy filing Another NJ restaurant chain files for bankruptcy Bertucci’s files for bankruptcy for the second time in four years
(DBN)

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Fraud:

Elizabeth Holmes Looks to Stay Out of Prison Pending Theranos Fraud Appeal, Cites 'Soon-to-Be-Born Child'
(DBN)

A congressional report says financial technology companies fueled rampant PPP fraud
(DBN)

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Healthcare:

2022: Worst Flu Season in Decades
(DBN)

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Celebs:

RHOBH star Erika Jayne’s 6-carat diamond earrings ‘could fetch $350K at auction’ amid ex-husband’s bankruptcy case
(DBN)

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Autos:

Tesla Factory Berlin in Total Chaos
(DBN)

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Retailing:

Zales Owner Signet Climbs as Demand Rises for Higher-End Jewelry
(DBN)

Walmart May Close Some Stores Over Theft Rate
(DBN)

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Sovereigns:

IMF Board to Discuss Egypt Next Week as Loan Approval Awaited
(DBN)

Poorest Nations’ Debt-Service Payments Surge 35% to $62 Billion
(DBN)

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UK:

UK Accused of Cover Up Worth Billions to Rush Bulb Sale Through
(DBN)

UK Sleepwalks Toward Food Crises as Higher Costs Hobble Farmers
(DBN)

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EU:

ECB ‘Very Near’ to Neutral, More Hikes Due, Herodotou Says
(DBN)

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Russia:

Blinken warns against 'phony off-ramp' for Russia
(DBN)

Blasts deep inside Russia hand Putin a fresh problem
(DBN)

Vodka Brands Seized From Kremlin Prove a Hard Sell For Yukos
(DBN)

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China:

China eases anti-COVID measures following protests China abandons key parts of zero-Covid strategy
(DBN)

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Germany:

Germany: 25 arrested on suspicion of planning armed coup
(DBN)

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MENA:

US Jews fear collision with expected Israeli government
(DBN)

Saudi Crown Prince Mohammed bin Salman Immune from Suit Over Jamal Khashoggi's Murder, However 'Strong' Case May Be, Judge Rules
(DBN)

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