February 10, 2022

The Daily Bankruptcy News

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Law:

Boutique Firm Is Ditching Billable Hours, Lockstep Pay, Partnership Track, Titles To Make Everyone Happier
(DBN)

Biglaw Firm Announces Bonuses, Delayed Raises During Salary War
(DBN)

Big Law Firms Target February, March for Office Reopenings
(DBN)

Another Day, Another Firm Announcing An Office Return Instead Of A Milbank Match
(DBN)

As Omicron fades, Kirkland office return plan could help set legal industry trend
(DBN)

Law Firms Should Give Employees An Actual Choice About Returning To Offices
(DBN)

ABA Legal Rebel: Kellye Testy
(DBN)

Four Ways Law Schools Can Shut the Practical Skill Gap
(DBN)

Obit: Robert O Lampl
(DBN)

Lieff Cabraser's sanctions upheld in State Street class action fee row Opinion
(DBN)

AR-15 Lawyer Couple Discover Pardons Can't Save Law Licenses From Probation
(DBN)

Judge Says 'Overwhelming Evidence' of Michael Avenatti's Guilt in Nike Case Means He Shouldn't Get a New Trial
(DBN)

He Exposed LA's Notorious Sheriff Gangs
(DBN)

Why Colleges (And Law Schools) Don’t Care About Free Speech—And How To Make Them Care
(DBN)

Lawyer Uses Nude Photos To Get Matter Against His Client Dismissed, Gets Suspended Over Tactic
(DBN)

Sen. Ron Johnson attended MyPillow CEO's meeting to discuss delaying the 2020 election certification Declining share of Americans see Trump as primarily responsible for Jan. 6 Two-thirds in new poll oppose Trump's idea of pardons for Jan. 6 rioters Jan. 6 committee subpoenas former Trump trade advisor Peter Navarro Maryland Man Who Sprayed Fire Extinguisher at Cops on Jan. 6 Pleads Guilty to Felonies Three words sparked a Republican firestorm Most Americans Side with Pence Over Trump
(DBN)

National Archives asks DOJ to investigate Trump administration's handling of White House records
(DBN)

Michigan prosecutor says Giuliani asked him to turn over voting machines Rudy Giuliani Tried To Seize The Voting Machines Himself
(DBN)

Sidney Powell Finally Admits That ‘Perhaps’ the Kraken Is Not Real
(DBN)

After Plea Deals Fall Apart, Federal Civil Rights Trial Against Ahmaud Arbery's Murderers Puts Justice Department in 'Politically Difficult' Spot
(DBN)

Mississippi Men Charged with Chasing, Shooting at Black FedEx Driver. The Driver Said Police Treated Him with Suspicion When He Reported the Incident.
(DBN)

Florida department says officer thought he was deploying stun gun when naked man was shot, seriously wounded
(DBN)

Two Dallas Police Officers Face Assault Charges From 2020 Protests
(DBN)

Immigration agency reverses Trump-era changes to its mission statement
(DBN)

Soon Florida Parents Can Sue The Lunch Lady For Making Their Kids Gay With Veggie Burgers
(DBN)

Appeals Court Rules Ohio Cops Didn't Have Cause To Arrest Man Wearing 'F--- the Police' Shirt
(DBN)

Sarah Palin Takes the Stand in N.Y. Times Defamation Trial
(DBN)

School Bus Driver Shot w/ Students on Board
(DBN)

______________

Judges:

The Hon. Thomas L. Ambro Fellowship Summer Scholarship
(DBN)

BK SD GA: The Southern Scoop Newsletter - Winter 2022
(DBN)

Appeals court says judge may be ‘in the wrong line of work,’ vacates sentence for a second time
(DBN)

What a Michigan judge's courtroom behavior says about judicial impunity
(DBN)

John Roberts Suggests Some Kind Of Voting Rights 'Preclearance' Like The One He Personally Destroyed
(DBN)

Democrats accuse GOP of 'race-baiting' with court pick attacks
(DBN)

For Black women, hopes and dreams rest on Biden court choice
(DBN)

Will Republicans apply the 'Barrett rule' to Biden's nominee?
(DBN)

Reversal Rates Imperfect Tool for Judging Supreme Court Nominees
(DBN)

Sotomayor Warns Confirmation Battles Risk Undermining Courts
(DBN)

I Think I Figured Out Biden's Supreme Court Pick
(DBN)

How to Lose a Supreme Court Nominee in 24 Days
(DBN)

The Supreme Court Has Crossed the Rubicon
(DBN)

Just Another Way Being A Supreme Court Justice Is Not Like The Presidency
(DBN)

High court’s Alabama ruling sparks alarm over voting rights
(DBN)

Town justice resigns after he is accused of encouraging minor to have sex with his son
(DBN)

______________

Wall Street:

Dow futures mixed ahead of key inflation data
(DBN)

SEC Chair Gary Gensler wants to know more about what hedge funds and private equity are doing All eyes on SEC private equity transparency rules Hedge Funds and Private Equity Firms Face SEC Demand to Disclose Fees and Costs
(DBN)

______________

Layoffs:

Entertainment Weekly and InStyle to Cease Print Publication, 200 Layoffs Underway
(DBN)

Report: Crystal Cruises Closes Down and Lays Off U.S. Staff
(DBN)

Peloton slashes 20% of its corporate workforce and switches CEOs as losses mount
(DBN)

Hundreds of jobs lost as Midas shuts down
(DBN)

NewRez lays off 386 following Caliber acquisition
(DBN)

______________

Food/Beverage:

Fast food prices are jumping. They could go even higher
(DBN)

Taco Bell parent Yum Brands misses earnings estimates as higher costs weigh on profits
(DBN)

Chipotle’s CEO Singles Out Beef Amid Stubbornly Higher Costs
(DBN)

Popular Houston Meal-Prep Service Resurfaces Years After Bankruptcy and Sudden Disappearance
(DBN)

____________

Personal Finance:

There are 6 phrases that are likely to ruin your chances in a job interview, according to a job coach
(DBN)

____________

Education:

Christian revival at school prompts student walkout in W.Va.
(DBN)

Education secretary offers input on mask mandates
(DBN)

CDC Studies Advice for Easing Mask Rules as States Drop Them
(DBN)

A 10-year-old girl died of covid after her teacher appointed her the ‘class nurse.’ Her parents want answers.
(DBN)

Massachusetts to lift school mask mandate on Feb. 28
(DBN)

This Is the Lowest Paying College Major in America
(DBN)

Florida Senate committee passes "Don't Say Gay" bill that would bar LGBTQ discussions in schools
(DBN)

____________

Climate:

Going Concerns and Environmental Concerns: Mitigating Climate Change Through Bankruptcy Reform
(DBN)

California’s Drought-Relief Dreams Are Quickly Drying Up
(DBN)

____________

Trucking:

Trucking, logistics firms owed millions after oil distributor files Chapter 7
(DBN)

____________

Fitness:

Peloton and the fate of the fitness industry
(DBN)

____________

Healthcare:

Fauci: U.S. heading out of "full-blown pandemic phase"
(DBN)

Fact Check: Clips of Dr. Anthony Fauci show he “flip-flopped” on guidance for wearing masks, whether kids should be in school and whether people should change how they interact
(DBN)

BA.2 Omicron Subvariant Expected To Increase Globally, WHO Says
(DBN)

WHO laments 'tragic' 500,000 COVID death toll since Omicron
(DBN)

100M new COVID-19 cases reported in less than a month worldwide
(DBN)

WHO: COVID-19 cases down 17 percent globally
(DBN)

People Over 80 Are Still Taking Care of Their Parents and Partners
(WSJ)

CDC tells health officials to expect first Covid shots for young kids by Feb. 21
(DBN)

Covid fatigue is making the pandemic worse — and prolonging its end, experts say
(DBN)

The doctor will see you now — without the paperwork
(DBN)

Mental health damage from Covid could last a generation, professionals say
(DBN)

____________


Economy:

A Quarter of U.S. Firms Raised Wages, Gave Bonuses in Covid Era
(DBN)

3 reasons Americans are ready to go back to work, according to Biden's labor secretary
(DBN)

New York to Lift Mask Mandate for Businesses as Omicron Ebbs Masks Off: New York Is ‘Back From Our Pandemic Sabbatical’
(DBN)

Why Democratic Governors Are Turning Against Mask Mandates
(DBN)

More countries reopen to travelers, signaling a big shift in pandemic thinking
(DBN)

U.S. appeals court will not block order barring Biden federal staff vaccine mandate
(DBN)

CDC recommends indoor mask use even as states lift COVID restrictions CDC pleads for caution, but governors may be done listening
(DBN)

Increasing Public Criticism, Confusion Over COVID-19 Response in U.S. CDC weighs updating messaging around transmission and masking
(DBN)

Under pressure to ease up, Biden weighs new virus response
(DBN)

The American dream of the middle class isn’t what it used to be
(DBN)

Paycheck-to-?Paycheck Ranks Swell as Rising Prices Erode Savings
(DBN)

Wealth Inequality Is the Highest Since World War II
(DBN)

The jobs Americans want
(DBN)

Senate Democrats shift strategy after progressive agenda falters
(DBN)

Fed’s Bostic says more than 3 hikes possible this year
(DBN)

Fed’s Mester Supports Faster Pace of Rate Hikes Than Last Cycle Fed’s Mester says ‘each meeting is going to be in play’ for rate hikes this year
(DBN)

Hot Inflation Data Risk Pushing Fed Closer to a Super-Sized Hike
(DBN)

High inflation has jacked up the cost of food, gas, cars and rent – and there’s little relief in sight
(DBN)

Here’s why the chief equity strategist of one major bank sees U.S. inflation persisting for the next two to three years
(DBN)

Boston Fed Taps Susan Collins as New President, 2022 FOMC Voter
(DBN)

Fed hopes economy is on cusp of inflation slowdown as rate hikes loom
(DBN)

January consumer inflation expected to rise by 7.2%, the highest since 1982
(DBN)

Workers can keep pressing for higher wages, Fed's Mester says
(DBN)

The Real Reason America Doesn’t Have Enough Truck Drivers
(DBN)

Workers are burned out and want more flexibility -- but remote work may not be the cure, survey says
(DBN)

Wells Fargo Sets March 14 Return-to-Office Date After Delays
(DBN)

Substitute Teacher, Bus Driver: Amid Staff Shortages, National Guard Takes On Unexpected Missions
(WSJ)

Energy expenditures as a percentage of PCE
(DBN)

Record credit card debt will hit Americans mid-2022: Expert
(DBN)

New York state lifts indoor mask mandate as surge in omicron cases subsides Blue states move to drop mask mandates
(DBN)

Los Angeles Port Sees Chance to Ease Ship Backlog by Summer Peak
(DBN)

U.S. Will Make China Account for Trade-Deal Miss, Raimondo Says
(DBN)

Biden Finally Makes Tesla Part of Made-in-America EV Message
(DBN)

Engineers Dominate in New York Fed Study of Pay by College Major
(DBN)

The Federal Government's Pandemic Jobs Program Was a Resounding Failure
(DBN)

Here's one reason people hate this economy, despite low unemployment: A return of the misery index
(DBN)

The Richest People on Earth
(DBN)

Senators ask SEC to require disclosure of gig workers and other contractors
(DBN)

Dolly Parton's Dollywood says it will pay all tuition costs for employees pursuing higher education
(DBN)

A ‘Breakthrough’ in Budget Talks
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

Homes are selling faster than ever before as the spring market approaches
(DBN)

Soaring rental prices make it even more difficult to save for a house
(DBN)

Homebuyers Squeezed by Investment Firms
(DBN)

Why it's more difficult for young people to buy a house now than it was fifty years ago
(DBN)

American Dream Mall Owner Seeks Payment Extension on $1.7 Billion Loan
(DBN)

2nd Look at Local Housing Markets in January
(DBN)

Lumber prices are up 29% in February as pace of economic reopening sparks new rally in global commodities
(DBN)

Lender buys site of Fremont mixed-use project from bankrupt developer for $40M
(DBN)

This City Has the Cheapest Rents in America
(DBN)

Dave Chappelle Helps Quash Affordable Housing Plan in His Ohio Hometown
(DBN)

____________

Municipalities:

Puerto Rico’s Public-Sector Workers Protest for Higher Wages
(DBN)

NYC ‘Cannot Function’ Unless New Yorkers Feel Safe, Adams Says
(DBN)

Municipal Bond Defaults Signal Senior Living Distress
(DBN)

____________

Oil/Gas:

Oil will hit $120 a barrel if Russia invades Ukraine, strategist predicts
(DBN)

$90 Oil Offers The Best-Ever Economics For U.S. Shale
(DBN)

Could This Be The Last Great American Oil Boom?
(DBN)

U.S. Oil Market Heats Up Further as Demand Surges to Record
(DBN)

U.S. Oil Refiners Are Leaner, Tougher and Raking in Cash
(DBN)

Shaken by fracking quakes, Texas is forced to act
(DBN)

Nissan exec says new European emissions rules will make combustion engine unviable
(DBN)

New York’s Pension Fund Plans to Restrict Its Investments in Oil and Gas Companies
(DBN)

Fossil Fuel Workers Will Play A Vital Role In The Global Energy Transition
(DBN)

____________

Autos:

Honda's sales, profit drop amid rising costs
(DBN)

Hertz Ordered to Reveal Data Related to Falsely Arrested Renters Hertz Customers Who Claim They Were Falsely Arrested Score Win in Court
(DBN)

Pete Buttigieg credits Musk’s Tesla for helping make EVs ‘possible in America’
(DBN)

Tesla on Autopilot Hits Police Car
(DBN)

Tesla Accused of Systemic Discrimination
(DBN)

Blackstone’s Service King Kicks Off Debt Restructuring Talks
(WSJ)

____________

Awards:

US News: Best Law Firms for Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law
(DBN)

____________

Utilities:

Why Texas’s Power Grid Still Hasn’t Been Fixed
(DBN)

____________

Crypto:

CFTC Seeks Bigger Role in U.S. Efforts to Oversee Crypto Trading
(DBN)

Goldman-Backed Battery Maker Says Bitcoin Mine a Waste of Energy
(DBN)

Bitcoin is not an inflation hedge and its correlation with gold is near zero while its ties to the stock market are close to all-time highs, Bank of America says
(DBN)

Regulate cryptocurrencies and fintech products before it’s too late, urges author
(DBN)

____________

Politics:

Congress moves to ban members from trading stocks as Pelosi drops opposition Pelosi is working on banning stock trading by lawmakers, report says Stock-Trading Ban for Congress Hits Pushback From Right and Left
(DBN)

‘Gazpacho police’: Nazi gaffe lands Republican congresswoman in the soup
(DBN)

McConnell laughs off Trump's 'Old Crow' nickname: 'It's my favorite bourbon'
(DBN)

Cancel Culture Opponent Trump Demands Cancellation of DirectTV Over OAN Purge
(DBN)

North Carolina elections board says it has power to bar Cawthorn from running over Jan. 6
(DBN)

The Voting Rights Act Is in Real Trouble
(DBN)

Some Trump allies want him to pull his endorsement of Texas Gov. Greg Abbott
(DBN)

Texas GOP candidate 'not comfortable' around transgender children
(DBN)

____________

 


New Bankruptcy Opinions
(3 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (15 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (9 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:

Big Law’s Bankruptcy Boom Has Turned to Bust as Filings Dwindle
(DBN)

______________

Mass Torts:

Boy Scouts of America wins key support for sex abuse settlement Boy Scouts win over key abuse-survivors group on bankruptcy plan
(DBN)

Durbin: Johnson & Johnson Is Avoiding Accountability To Customers Who Got Cancer
(DBN)

Senate Committee Hears from Mesothelioma Victim Over Bankruptcy Abuses
(DBN)

Whitehouse takes aim at 'Texas two-step' bankruptcy maneuver Whitehouse Chairs Courts Subcommittee Hearing on Corporate Abuse of Bankruptcy to Avoid Accountability Rhode Island Senator Calls Out Forum Shopping As Problematic During Congressional Bankruptcy Hearing
(DBN)

Senate Dems take up cause for mass tort lawyers and claimants
(DBN)

What's Past is Prologue
(DBN)

____________

Non-Debtor Releases:

More Bad News for Non-Debtors Seeking Releases in Chapter 11
(DBN)

Companies are increasingly using a legal strategy that prevents future lawsuits
(DBN)

Caselaw Update on Third Party Releases in Bankruptcy Plans
(DBN)

Dust Off Your Magic Eight Ball – The Future of Nonconsensual Third-Party Releases in Light Of In Re: Purdue Pharma LP
(DBN)

____________

Miscellaneous:

Corporate Restructuring & Bankruptcy Practice 2021 Year in Review
(DBN)

____________

Discharge:

Lawyer can’t erase costs of disciplinary proceedings in bankruptcy, 7th Circuit rules
(DBN)

____________

Appeals:

A Critical Election: BAP or District Court?
(DBN)

____________

Make-Whole:

Driving While Unimpaired – Delaware Judge Issues Important Ruling in Hertz Chapter 11 Case on Allowance of Make-Whole Premiums, Treatment of Unimpaired Creditors, and Postpetition Interest (Part 2)
(DBN)

____________

Aviation:

Ryanair Chief O’Leary Sees ‘Dramatic’ Jump in Ticket Bookings
(DBN)

Man Arrested After Allegedly Raping Fellow Passenger on Transatlantic Night Flight From Newark
(DBN)

Spirit Airlines Will Merge With Frontier, And I Will Double Down On My Vow To Fly Delta
(DBN)

Eager for visitors, the Philippines reopens to international tourists.
(DBN)

____________

Skiing:

Labor Shortages May Wreak Havoc on Your Upcoming Ski Trip
(DBN)

____________

Agribusiness:

Pesticide Prices Are Rising, Hindering Farmers With More Costs
(DBN)

____________

Cruise Lines:

The End of Crystal Cruises as Company Headquarters Shuts Down
(DBN)

Norwegian Cruise Line to drop mask requirement from covid protocols
(DBN)

____________

Fraud:

Former casino exec gets record year in prison in U.S. college scandal
(DBN)

Lawyer Sniffs Out Covid Loan Fraud as DOJ Sleuth Suing From Afar
(DBN)

____________

Theme Parks:

Disney parks business roars back as company beats earnings expectations
(DBN)

____________

Religion:

Buffalo Diocese negotiating to settle attorney general's lawsuit
(DBN)

____________

Retailing:

Why retailers might offer you a job before you even know you want one
(DBN)

____________

Sovereigns:

Sri Lanka default rumors “totally unsubstantiated,” says central bank
(DBN)

Debt-ridden Pakistan begs China for a bailout
(DBN)

____________

UK:

Labour facing bankruptcy as biggest union donor Unite says it could pull remaining support
(DBN)

Boris Johnson Pictured at Christmas Event Near Champagne Bottle U.K. Police Quiz Downing Street Staff as Boris Johnson Photo Emerges
(DBN)

Brexit has piled up costs and paperwork for U.K. companies, according to report
(DBN)

____________

EU:

European countries increasingly ease COVID restrictions
(DBN)

European ‘freedom convoy’ eyes major Valentine’s Day protest in Brussels against COVID-19 measures
(DBN)

____________

Canada:

G.M. and Ford, with big operations in Canada, says protests have not hampered them U.S.-Canada Bridge Gridlock May Last as Police Avoid Using Force Trucker Fury Belies Reality of Canada’s Ever-Looser Covid Rules Great-grandfather, 78, is handcuffed by Ottawa cops for honking his car horn in support of Freedom Convoy The problem with Ottawa’s protesters Police Threaten Criminal Charges Against Ottawa Blockade Drivers Ottawa Police Find Kids in Protesters' Trucks
(DBN)

U.S. trucker convoy to Washington gathers steam
(DBN)

____________

Germany:

State by state, Germany relaxes its Covid rules, even as cases surge.
(DBN)

____________

Japan:

Japan to extend virus measures in Tokyo and other areas
(DBN)

____________

Sweden:

Sweden ends COVID-19 testing as pandemic restrictions lifted
(DBN)

____________

MENA:

New Iran Missile Can Reach Israel, US Bases
(DBN)

____________

India:

Insolvency and Bankruptcy Framework: India Perspective
(DBN)

FRL lenders try to skirt IBC
(DBN)

FAQs on the Insolvency Resolution Process for Corporate Persons in India
(DBN)

____________

China:

Use of reorganization service trusts in bankruptcy
(DBN)

Plight of Chinese mother of eight chained outside in winter causes public outrage despite official explanations
(DBN)

China’s Credit Growth Picks Up As Banks Extend Record Loans
(DBN)

____________

Russia:

Europe ramps up Ukraine crisis diplomacy, as Kremlin calls on West to accept its demands White House says no evacuation of US citizens being planned for Ukraine EU offers more talks, pushes de-escalation in letter to Russia The Russia-Ukraine crisis, explained Biden administration is planning for getting Americans out of Ukraine if Russia invades Russia’s Putin has a ‘spectrum of options’ against Ukraine, think tank says FactCheck: “President Trump sanctioned Russia. President Biden gave them a pipeline.”
(DBN)

____________

South Africa:

South Africa’s Capital Halts Services to Customers Who Don’t Pay
(DBN)

____________

Mexico:

Mexico Inflation Slows Less Than Expected as Rate Hike Looms
(DBN)

Mexico City gave ivermectin to thousands of covid patients. Officials face an ethics backlash.
(DBN)

____________

Kazakhstan:

On Restructuring, Rehabilitation and Bankruptcy Procedures Under Kazakh Law
(DBN)

____________

Australia:

Insolvency Australia names new director
(DBN)

____________


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