December 9, 2022

The Daily Bankruptcy News

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Law:

As more law firms announce bonuses, some pay extra for higher hours Sidley Jumps Into The Bonus Party! Boutique Once Again Matches The Market On Bonuses Top Biglaw Firm Hops Aboard The Bonus Train -- With More Money For Associates Outside New York One Of Biglaw's Top Firms Enters The Bonus Races With A Match
(DBN)

Cooley Associates Are In A Really 'Unfortunate Situation' After Being Laid Off
(DBN)

Arnold & Porter is ordered to pay more than $150K in sanctions for discovery ‘poor judgment’
(DBN)

King & Spalding Promotes 24 New Partners and 17 Counsel Across 15 Cities
(DBN)

Be Afraid, In-House Counsel, Be Very Very Afraid!
(DBN)

‘Tis the Season: Don’t Let Office Holiday Parties Kill Your Buzz
(DBN)

Baker Tilly Shops for US Law Firm as Big Four Expand Services
(DBN)

Law Firm Sues Associates For Not Billing Enough
(DBN)

Lawyers blame favoritism and top-heavy firms for stalling their careers
(DBN)

Critics Call It Theocratic and Authoritarian. Young Conservatives Call It an Exciting New Legal Theory.
(DBN)

Lawyers Of Color Gears Up For Tenth Anniversary Promoting Diversity In The Legal Industry
(DBN)

Suspended lawyer can’t reveal what happened to missing wife of former client, appeals court says
(DBN)

Alex Murdaugh Murdered Wife and Son to Escape Consequences from Fast-Approaching 'Personal, Legal and Financial Ruin,' Prosecutors Allege
(DBN)

Federal Judge Explains Michael Avenatti's 14-Year Sentence in Final Order Laying Bare the Disgraced Lawyer’s ‘Great Evil’
(DBN)

The Beat Of Unchecked Egos Goes On ... And On
(DBN)

Trump Among Five Targets as Jan. 6 Panel Weighs Criminal Referrals
(DBN)

New York AG Objects To Trump's Florida LOLsuit Against Her On Grounds Of WTF Even Is This?
(DBN)

'Kraken' Attorneys Behind Outlandish 2020 Election Lawsuits Urge Federal Appeals Court to Overturn Sanctions That Included Bar Referrals
(DBN)

These Two Men Were Pictured Rifling Through Senate Documents on Jan. 6th. Now, They're Convicted Felons.
(DBN)

DOJ Cleared to Use Trump Mar-A-Lago Records in Criminal Probe 11th Circuit Sounds Death Knell for Donald Trump's Mar-a-Lago Suit, as Feds Reportedly Move to Hold Ex-President's Office in Contempt DOJ asks judge to hold Trump team in contempt as frustrations mount on records case: report Trump’s push for a special master in Mar-a-Lago docs case comes to an end
(DBN)

Chicago Police Officer on Vacation in Florida Caught 'Pissing' on Hotel Bar's Ice Machine: Affidavit
(DBN)

'The Whole Thing Is Horrifying': 12-Year-Old Boy Faces Murder Charge After Hit-and-Run Kills 82-Year-Old Texas Grandmother
(DBN)

The Undisputed Illest Makes A Guest Appearance In Court. Hilarity Ensues.
(DBN)

Court Upholds Conviction and Sentence for Alleged White Supremacist with Racist Memes on His Phone Who Killed Black Soldier and University Student in 2017
(DBN)

Indiana Doctor Drops Lawsuit Against Attorney General, Shifts Focus to Medical Board Investigation into 10-Year-Old Rape Victim's Abortion
(DBN)

Texas state court throws out lawsuit against doctor who violated abortion law
(DBN)

FedEx Driver Hit Girl with Truck, Then Killed Her
(DBN)

Police Searching for Car That Was 'in the Immediate Area' Around Time Four Idaho Students Were Murdered
(DBN)

______________

Judges:

Looks Like Congress Wants To Make Ginni Thomas's Job A State Secret
(DBN)

House hearing airs ethics allegations against Supreme Court
(DBN)

Christian advocate tells Congress of 2014 U.S. Supreme Court leak
(DBN)

Defendant In Antisemitic Attack Moons Judge And Flips Her Off
(DBN)

Justices, Advocates Look to Different Histories in Voting Case
(DBN)

Celebrity Chef Throws Out Christian Group. That's Just What Justice Alito Was Afraid of.
(DBN)

‘You should die in a locked closet’: Dallas judge’s admonishment reversed
(DBN)

______________

Wall Street:

Stock futures rise as traders look ahead to November wholesale inflation report
(DBN)

Stocks close higher, breaking five day losing streak
(DBN)

______________

Layoffs:

Blue Apron to Cut 10% of Jobs as It Slashes Costs to Stay Afloat Blue Apron was once valued at $1.9 billion. Now it’s worth $30 million and it just announced layoffs
(DBN)

Salesforce employees are bracing for more layoffs amid the company's major executive exodus
(DBN)

Plant closure by Colorado-based Ball Corp. to result in 98 layoffs
(DBN)

Title insurer Doma cuts 40% of workforce in third wave of layoffs
(DBN)

Elon Musk's 'Mass Termination' of Twitter Employees Violated Anti-Discrimination Law, Targeted Women: Lawsuit
(DBN)

2022 Major Layoffs Grow: Blue Apron Lays Off 10% Of Staff
(DBN)

In the U.S., you can legally ‘be fired for any reason or no reason at all’—here’s why
(DBN)

______________

Mass Torts:

After Jerking Them Around For Five Years, Alex Jones Exhorts Sandy Hook Plaintiffs To Negotiate With Him Fairly OR ELSE
(DBN)

____________

Banking:

Credit Suisse Rights Offer Set to Sail Through After Wild Ride
(DBN)

London Ex-Bankers Guilty of Libya Fund Fraud
(DBN)

Warren presses regulators to probe bank ties to crypto
(DBN)

____________

Golf:

Playing with paradise: Defunct Bali golf course another Trump fiasco
(DBN)

____________

Bankruptcy Crimes:

Former attorney Gregory Anderson to serve 18 months for bankruptcy fraud for concealing client’s assets
(DBN)

____________

Rail:

FactCheck: In the first three quarters of 2022, “the railroad industry made $21 billion in profits, provided $25 billion in stock buybacks and dividends” and CEOs are paid up to $20 million a year, while railroad workers have "zero guaranteed sick leave."
(DBN)

____________


Economy:

The Federal Reserve Is Deflating Financial Bubbles, Without a Crash
(DBN)

Bankruptcies won’t be a big issue next year, says chief market strategist
(DBN)

Yellen Still Sees US Avoiding Recession, Says Bottlenecks Easing
(DBN)

98% of CEOs Expect a Recession
(DBN)

Continuing US Jobless Claims Rise to Highest Since February
(DBN)

Harvard economist Jason Furman warns the U.S. economy could be headed for an ‘incomplete hard landing.’ Here’s what that means
(DBN)

Weekly Initial Unemployment Claims increase to 230,000
(DBN)

Holiday Discounting Drives Sharp Drop in US Online Prices Again
(DBN)

Turkey Tanker Spat Escalates With Millions of Barrels Stuck Oil Tankers Stuck Near Turkey Rack Up $13 Million Bill So Far Plunge in Wind Power Is Next Big Test for European Power Market Airbus CEO Says European Suppliers Shifting to US to Escape High Energy Costs Freezing Blast Triggers First UK Cold Weather Payments for Bills European Natural Gas Prices Surge as Winter Blast Stokes Demand EU Finds Its Russia Sanctions Largely Spared Own Economies
(DBN)

AAR: November Rail Carloads Down Slightly Year-over-year, Intermodal Down
(DBN)

WTO Rules Against US Tariffs on Steel, Aluminum Imposed by Trump
(DBN)

Democrats’ America-first trade rules leave allies fuming
(DBN)

Non-English Speakers in US Soared Since 1980
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

Inside the collapse of a top reverse mortgage lender
(DBN)

Realtor.com Reports Weekly Active Inventory Up 53% Year-over-year; New Listings Down 8%
(DBN)

2023 Housing Forecasts
(DBN)

Rates dip again
(DBN)

The average rent in Manhattan jumped to $5,249 in November
(DBN)

York County settlement with Panthers owner called ‘concerning’ as criminal probe continues
(DBN)

____________

Municipalities:

Preparing for Post-PROMESA
(DBN)

Illinois’s Pension Debt Is Rising Again as Stock Rout Takes Toll
(DBN)

____________

Oil/Gas:

Democrats to Propose Anti-Big Oil Bill to Close Tax ‘Loopholes’
(DBN)

Giant Oil Supertanker Earnings Plunge on Reduced Crude Supplies
(DBN)

Exxon Lifts Share Buyback to $50 Billion After Record Profit
(DBN)

Mysterious, Dirt-Cheap Oil Is Being Marketed to Houston Traders
(DBN)

____________

Climate:

La Nina Forecast to Fade by April, Easing California Drought
(DBN)

Americans Are Moving Into Danger Zones
(DBN)

Ohio Senate votes to redefine ‘green energy’ to include fossil fuels and drilling in state parks
(DBN)

____________

Retailing:

 

Party City and Bondholders Hire Restructuring Advisers
(WSJ)

How spending at department stores has changed in the last three decades
(DBN)

____________

Tech:

How to tell if Elon Musk's Twitter is winning? Watch the bonds.
(DBN)

Analyst: Elon Musk Can't be Trusted
(DBN)

Elon Musk’s Bankers Consider Tesla Margin Loans to Cut Risky Twitter Debt
(DBN)

Meta to Sublet Part of Dublin Headquarters After Job Cuts
(DBN)

Elon Musk and the (ahem) future of civilization
(DBN)

Elon Musk's Tunnels to Nowhere
(DBN)

I've spent more than 10 years studying social media. Here's who is really going to get screwed over by the shakeup in Big Tech.
(DBN)

Layoffs, buyouts, and rescinded offers: Amazon’s status as a top tech employer is taking a hit
(DBN)

____________

Crypto:

FTX Bankruptcy Team Meets With Federal Prosecutors in NY Inside the Frantic Texts Exchanged by Crypto Executives as FTX Collapsed Kevin O’Leary lost the $15M he was paid to be FTX’s spokesperson 7 class action lawsuits have been filed against SBF so far, records show FTX founder Sam Bankman-Fried misses deadline to respond to key US Senate committee US Senator Calls Sam Bankman-Fried to Answer for Failure of FTX and Alameda Research US House panel chair says she'll subpoena FTX's Bankman-Fried if needed Former FTX CEO Sam Bankman-Fried hit with campaign finance complaint over GOP ‘dark’ money FTX Bankruptcy Managers Hire Forensic Investigators AlixPartners FTX has reportedly hired a team of forensic investigators to trace billions of dollars missing in customer funds How CoinDesk’s FTX scoop left a hole in its corporate overlord Bankman-Fried's Parents No Longer at Stanford
(DBN)

Drones, Fertility, and Defi — A Look at Alameda Research's Massive $5.4 Billion Portfolio of Investments
(DBN)

Judge Pauses Galaxy’s $44 Million Deal to Buy Celsius Assets
(DBN)

Crypto Miner Marathon Digital Taps Advisers as It Weighs Compute North Bid
(DBN)

Crypto’s Amber to End Chelsea Sponsorship, Axe Over 40% of Jobs in FTX Fallout
(DBN)

Warren Presses Fed’s Powell on Bank-Crypto Links After FTX
(DBN)

EU Aims to Require Crypto Providers to Report Transaction Data
(DBN)

Bitcoin Miners Forced to Report Energy Use in Proposed Bill
(DBN)

Approach with caution: US banking regulator’s crypto warning
(DBN)

U.S. SEC issues new guidance on disclosing crypto risks
(DBN)

GameStop to drop crypto efforts as Q3 losses near $95M
(DBN)

BlockFi employees were discouraged from describing risks in internal communications: Report
(DBN)

Grayscale Bitcoin Trust Discount Widens to Record High Near 50%
(DBN)

The Crypto Scandal Is Missing a Secret Ingredient
(DBN)

A Row Erupts Over Texas’ Bold Bitcoin Battery Plan
(DBN)

____________

 


New Bankruptcy Opinions
(4 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (9 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (1 new filing 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)

Discharge:

Debtor Liability After Discharge Under Pre-Bankruptcy Guaranty? (Reinhart v. Schlundt)
(DBN)

____________

Aviation:

Airlines Lobby for Single Pilot in Planes
(DBN)

EU Commission Urged to Introduce Passenger Protection Scheme Against Airline Insolvency
(DBN)

____________

Autos:

Bankruptcy worries swirl around used car retailer Carvana Avoid Carvana Even if it Avoids Bankruptcy
(DBN)

Tesla Board ‘Missing in Action’ With Musk Distracted, Shareholder Says
(DBN)

It's the best time to buy a used car in 16 months — as long as you don't have to take out a big loan
(DBN)

Lucid Worried About Canceled Orders
(DBN)

Auto Dealers Gird for Softening Demand Amid Higher Rates, Uncertain Outlook
(WSJ)

____________

Student Debt:

Bankruptcy and student loans: why it's easier now to wipe out that debt
(DBN)

To Make Debt Relief a Reality, We’ll Need to Reform the Supreme Court
(DBN)

____________

Healthcare:

A Rural Hospital’s Excruciating Choice: $3.2 Million a Year or Inpatient Care?
(DBN)

Arizona State Court Issues Show Cause Order: Will Review Constitutionality of Arizona Protection from Predatory Debt Collection Act
(DBN)

Hospitals in the US are the fullest they’ve been throughout the pandemic – but it’s not just Covid
(DBN)

____________

Fraud:

Elizabeth Holmes' Ex-Boyfriend Gets More Time Behind Bars Than She Did — and Must Report to Prison Sooner
(DBN)

____________

Hotels:

Hotels: Occupancy Rate Down 7.7% Compared to Same Week in 2019
(DBN)

____________

Cannabis:

Colo. Ruling Signals Shift In Debtor Cannabis Involvement
(DBN)

____________

Labor:

GM battery plant workers vote to unionize, a key win for labor as industry shifts to EVs
(DBN)

____________

Pensions:

In Victory for Teamster Retirees, Central States Pension Fund Awarded $36 Billion
(DBN)

1,000 at Ford Retire After Pension Warning
(DBN)

____________

Politics:

The author of Florida's 'Don't Say Gay' bill resigns after being indicted on charges of swindling COVID-relief loans
(DBN)

Sinema switches to independent, shaking up the Senate
(DBN)

Private RNC member emails reveal anger to Trump, frustration with McDaniel’s response to him
(DBN)

A Republican congresswoman broke down in tears begging her colleagues to vote against a same-sex marriage bill
(DBN)

____________

Sovereigns:

S&P downgrades Ghana's credit ratings from CCC+ to CC and outlook negative
(DBN)

IMF to assess Zambia in spring, urges debt deal with creditors
(DBN)

How private creditors are plunging Nigeria’s economy into crisis
(DBN)

____________

UK:

EU Adopts Rules to Spur Clearing Shift to Europe From London
(DBN)

UK May Roll Back 2008 Financial Rules
(DBN)

____________

Russia:

WNBA Star Griner Released From Russia in Prisoner Swap Biden’s One-for-One Griner Swap Stirs Unease Alongside Elation Why Brittney Griner was released now
(DBN)

Finland Pushes Back on Turkey Weapons Demands on NATO Entry
(DBN)

Ukraine Holds Rates at 25% as Russian Attacks Batter Economy
(DBN)

Ukrainian intelligence announces seizure of propaganda in Russian Orthodox church, blurs face of cat 'agent'
(DBN)

Away From the Spotlight, a Debate Rages Over a Postwar Ukraine Economy
(DBN)

____________

Germany:

Germany Expects More Arrests After Raid on Right-Wing Extremists
(DBN)

Wirecard: Germany's biggest fraud trial to start underground
(DBN)

____________

MENA:

Iran Executes Protester as Crackdown on Unrest Builds
(DBN)

____________

South Africa:

As Investors Fret Over Ramaphosa, Bondholders Worry Most
(DBN)

____________

Sweden:

Swedish House Prices Drop Again as Market Woes Deepen
(DBN)

____________

China:

China Evergrande is said to meet with creditors Friday to unveil restructuring plan
(DBN)

‘Honest grandma’, 92, repays US$3 million in debt in 10 years after refusing to declare bankruptcy wins ‘most beautiful’ citizen award in China
(DBN)

____________

Indonesia:

Second Supreme Court Justice Detained for Alleged Corruption
(DBN)

____________

Australia:

Foreign State-controlled enterprise immune from insolvency proceedings
(DBN)

____________


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