February 11, 2022

The Daily Bankruptcy News

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Law:

Associates Can Expect To Be In The Office 3 Days Each Week If The 'Kirkland Model' Catches On
(DBN)

Iowa bankruptcy lawyers warned they're accountable for 'unethical' acts of national firm
(DBN)

Senate Passes Landmark #MeToo Bill to Ease Workplace Lawsuits
(DBN)

Firm’s Good Deed Couldn’t BEE A Worse Metaphor
(DBN)

UK: The law firms with the best and worst work/life balance, revealed
(DBN)

CRS warns against 'kneejerk reactions' as Bird & Bird and DLA Piper raise NQ pay
(DBN)

Allen & Overy lawyer's distress at £10 'Percy Pig bonus'
(DBN)

Critics decry long sentence for BLM activist who says she didn’t know her voter registration was illegal
(DBN)

Law Schools Persecuting Professors By *CHECKS NOTES* Offering Unrelated Classes That Mention Racism
(DBN)

Trying To Find Love In Between IP And Torts? This T14 Law School Has You Covered
(DBN)

Kim Kardashian's Lawyerly Legal Pads Are Absolutely Amazing
(DBN)

Archives requests Justice Department probe of Trump's handling of records • Trump's Theft Of Documents Lands In DOJ's Mail Box • House panel launches probe into boxes of Trump presidential records • Trump: Return of documents to Archives viewed as routine and 'no big deal' • Trump’s unusually lawyerly response to allegations of destroying documents
(DBN)

Wads of printed paper regularly clogged White House toilet during Trump era, book claims
(DBN)

There are gaps in Trump's call logs on the day of the insurrection, NYT report • Documents handed to the Jan. 6 committee don't contain details about who was calling in and out of the White House: report • The White House Reportedly Didn’t Log Some of Trump’s Jan. 6 Calls — for Some Strange Reason • Liz Cheney defends Pence, says January 6 committee hearings will show Trump 'provoked' the insurrection • Washington Man Who Punched Two Cops at the Capitol on Jan. 6 Sentenced to Time Behind Bars
(DBN)

Deputy Virginia AG resigns amid scrutiny over Facebook posts praising Jan. 6 rioters
(DBN)

‘Colossal example of bad lawyering’: Legal experts slam Josh Hawley’s ‘shameful’ efforts to undo Trump’s loss
(DBN)

Bipartisan investigation launched into deadly arrest of Black motorist in Louisiana
(DBN)

Hackers Nabbed $1.3 Billion in Ransom Over 2 Years, a New Report Says
(DBN)

GOP bill highlights Republican rift on immigration
(DBN)

For many asylum-seekers, flying to Mexico is ticket to US
(DBN)

Senate passes bill to end forced arbitration in sexual assault, harassment cases
(DBN)

A Gun Law That Shut Wall Street From Texas Muni Market Is Now Spreading
(DBN)

Sarah Palin testifies she was devastated by NY Times editorial linking her PAC to 2011 shooting • Palin calls New York Times the ‘Goliath’ in libel dispute • New York Times offers defense in Sarah Palin libel trial: A ‘terrible’ mistake, not malice • The Cynical Spectacle of Sarah Palin’s Lawsuit Against the New York Times • Dramatic Testimony in Palin v New York Times
(DBN)

Abortions in Texas fell 60% in 1st month under new limits
(DBN)

Senators say CIA has been collecting data in bulk in secret program
(DBN)

Cuomo Files Ethics Complaint on NY AG
(DBN)

Man Sentenced to Prison for Slitting Roommate's Throat Over Baseless Claim the Victim Was Starting a Nazi Cult
(DBN)

Texas Man Indicted for Murder in Shooting Death of Unarmed Moroccan National He Claimed Was Parked in His Driveway
(DBN)

Gutsy Grandma Fends Off Armed and Naked Kidnapper for 20 Hours Until Missing Wordle Score Prompts Welfare Check: Police
(DBN)

______________

Judges:

BK ME: Judge Peter G. Cary Named Chief Bankruptcy Judge
(DBN)

Black female lawmakers warn against pitting Supreme Court candidates against each other
(DBN)

Biden seeking professional diversity in his judicial picks
(DBN)

Biden’s SCOTUS Pledge Is a Model of How Affirmative Action Should Work
(DBN)

Why Biden Should Pick a Scalia to Replace a Breyer
(DBN)

Pandemic Lawyer of the Week: Judge's fake library falls over
(DBN)

Washington Judge Who Appeared on Bus Ad Cleared of Ethics Claim
(DBN)

Judge Resigns After Learning He's Being Investigated For Encouraging A Minor To Have Sex With His Son
(DBN)

The Legal Profession’s Brain Farts
(DBN)

______________

Wall Street:

 

Dow Plunges 500 Points As ‘Market Anxiety’ Returns After Latest Inflation Surge
(DBN)

Wall Street falls as hot inflation turns Fed official 'dramatically' hawkish
(DBN)

Investors Gird for More Hawkish Fed After Sharp Inflation Rise
(DBN)

Wall Street cringes at new inflation data, bond yields surge
(DBN)

______________

Layoffs:

Laid-off Peloton workers crashed an all-hands meeting with the company's new CEO, cutting it short: report
(DBN)

Tunisair will lay off about 1,000 employees starting this year
(DBN)

______________

Education:

Jewish high school student asked to apologize for revealing Nazi salute in classroom
(DBN)

Missouri Judge Upholds Expulsion And Suspensions Of High School Freshmen Involved In ‘Start Slavery Again’ Petition
(DBN)

Students walk out in protest after public high school holds a Christian revival: 'Is this legal?'
(DBN)

Maryland Gov. Hogan urges State Board of Education to rescind school mask mandate, citing improving COVID metrics
(DBN)

Why Book Banning is Back in Vogue
(DBN)

What Happens to Middle School Kids When You Teach Them About Slavery? Here’s a Vivid Example.
(DBN)

____________

Utilities:

Texas Grid Operator in Bankruptcy Showdown Over $2 Billion Charge
(DBN)

PG&E Plans to Bury 3,600 Miles of Power Lines Over 5 Years to Reduce Wildfire Risk
(DBN)

Texas Co-op Sells Bonds to Cover Storm Costs, Sidestepping Bankruptcy
(WSJ)

____________

Politics:

Nearly 60 percent of Americans disapprove of Biden's job performance: poll • CNN Poll: Most Biden detractors say he's done nothing they like since becoming president
(DBN)

Biden faces possible trucker threat
(DBN)

Republican rift exposes choice: With Trump or against him
(DBN)

WI: Trump Backers Charged with Voter Fraud
(DBN)

Poll: A growing number of Americans don't think today's elections reflect the will of the people
(DBN)

Florida Supreme Court rejects DeSantis' redistricting push
(DBN)

Hundreds of mail-in ballots are being returned to Texas voters because they don’t comply with new voting law
(DBN)

Haberman book: Flushed papers found clogging Trump WH toilet • Trump denies flushing records down the toilet, says he was told he was under 'no obligation' to turn over documents, despite the law requiring it • Trump's complaint it takes him '10 times — 15 times' to get the toilet to flush takes on a new meaning
(DBN)

U.S. warns protest convoys could hit Super Bowl
(DBN)

U.S. majority supports tech regulation to preserve democracy
(DBN)

Neither Party Cares About the Working Class
(DBN)

GOP scrutiny of Black districts may deepen after court move
(DBN)

Stock trading ban gains steam but splits Senate GOP
(DBN)

Inside Schumer’s frayed relationship with Manchin
(DBN)

Alexandria Ocasio-Cortez responded to Marjorie Taylor Greene's 'gazpacho police' gaffe: 'She clearly banned all books from her house'
(DBN)

White House disputes reports of federal funds for crack pipes
(DBN)

Senate candidate who smoked blunt in ad burns Confederate flag in latest spot
(DBN)

Ohio mayor lambasted for saying ice fishing would lead to prostitution: He 'embarrasses our town with wild claims'
(DBN)

Adams says 'God' told him he'd be mayor
(DBN)

Wait, Now the Right Loves Traffic-Blocking Protesters?
(DBN)

Populism's new inferno
(DBN)

____________


Economy:

Cleveland Fed: Median CPI increased 0.6% and Trimmed-mean CPI increased 0.6% in January • Inflation surged again through January to its fastest rate in 40 years • Annual inflation reaches 7.5 percent, highest rate since February 1982 • Biden says consumer inflation report shows budgets of Americans are 'being stretched' • Worse to come from worst US inflation in 40 years
(DBN)

Why US inflation is so high, and when it may ease
(DBN)

Inflation keeps getting worse: A peek inside the mounting trouble for the Fed and Biden
(DBN)

The 'Great Reshuffle': A costly, ineffective fix for understaffed schools, hospitals and businesses
(DBN)

Half-Point Fed Hike in March Is a Coin Flip After Hot Inflation
(DBN)

‘Just Do It’: Yardeni Prods Fed to Get Going, and Is Fine With a Half-Point Hike
(DBN)

Fed Doesn’t Yet Favor a Half-Point Hike or an Emergency Move
(DBN)

Fed's Bullard calls for big hike in interest rates to fight inflation
(DBN)

Hot inflation jump-starts case for 'big-bang' Fed rate hike in March
(DBN)

Inflation Has Americans Shelling Out Another $276 a Month
(DBN)

U.S. Fed should stop quantitative easing 'now,' BlackRock says
(DBN)

U.S. Posts $119 Billion Budget Surplus in January; First in Over 2 Years
(DBN)

Many Remote Workers Secretly Juggle Two Full-Time Jobs—or More
(DBN)

Weekly Initial Unemployment Claims Decrease to 223,000 • U.S. Jobless Claims Fell by More Than Forecast Last Week to 223,000 • Jobless claims fall again for third straight week
(DBN)

Senator Manchin Casts More Doubt on Biden’s Agenda With Blast on Inflation • Dems face a sobering possibility: Build Back ... never
(DBN)

Biden to propose 4.6 percent pay raise for federal employees, service members: report
(DBN)

Central Bankers Face Activist Rebuke Over Dark Side of QE
(DBN)

Inflation Hot Spots: Prices Surge 9% in U.S. Mountain States • U.S. Cities With High Inflation: Tampa at 9.6%, Denver Nears 8%
(DBN)

Manchin on inflation: Congress shouldn't add fuel to economy on fire
(DBN)

U.S. Sees Record Price Surge for Online Groceries, Medical Items
(DBN)

Add Services Inflation to the Fed’s Headaches
(DBN)

Crop Prices Poised for Record, Signaling Further Food Price Pain
(DBN)

Few CEOs in U.S. Expect Quick Taming of Inflation, Survey Shows
(DBN)

America is doffing its masks ... again • Here's why mask mandates are falling across the US
(DBN)

L.A. County on track to relax some outdoor mask rules as COVID hospitalizations drop
(DBN)

Biden says states easing mask mandates 'probably premature'
(DBN)

Texas AG sues Biden over minimum wage hike for federal contractors
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

Flushing Barclay Tower sold for $10 million in bankruptcy auction
(DBN)

U.S. Mortgage Rates Surge to the Highest Level in More than Two Years • U.S. mortgage rates jump to two-year high, further squeezing buyers
(DBN)

The Impact on Housing of Higher Mortgage Rates
(DBN)

Four reasons your rent is going up
(DBN)

MBA: "Mortgage Delinquencies Decrease in the Fourth Quarter of 2021"
(DBN)

Property Firm Hines Names Chief Executive’s Daughter as Co-CEO
(DBN)

The Real Story of the Affordable Housing Development That Dave Chappelle Helped Kill
(DBN)

____________

Municipalities:

'Gringo go home:' Posters in Puerto Rico compare crypto millionaires Logan Paul and Brock Pierce to colonizers as the island's cost of living soars
(DBN)

Puerto Rico Teachers Lead Push for Higher Pay for Public Workers
(DBN)

Puerto Rico’s Ambitious Clean Energy Plan
(DBN)

House Republicans worry APEX bill could bankrupt Kansas without financial accountability
(DBN)

____________

Oil/Gas:

Permian Oil Output to Grow for Several Years, Plains All American CEO Says
(DBN)

Is BP Providing A Blueprint For Big Energy?
(DBN)

OPEC Sees Upside Potential for Oil Demand as Economy Rebounds
(DBN)

California Becomes the First U.S. State to Hit 1 Million Plug-In Cars
(DBN)

Ford’s Lincoln brand to launch full slate of electric SUVs by 2026
(DBN)

Hyundai and Kia Quietly Seize Share as Europe Goes Electric
(DBN)

EV Chargers Would Line U.S. Interstates Under $5 Billion Funding Plan • States can now move forward building and expanding electric car charging stations
(DBN)
(DBN)

____________

Mass Torts:

In Boy Scouts bankruptcy case, lawyers for some alleged victims now urging them to accept settlement • Boy Scouts reach settlement deal with sexual abuse survivors
(DBN)

Purdue's Sacklers consider adding another $1 bln to opioid settlement
(DBN)

Disgraced Chiropractor Pleads Guilty to Sex Crimes Against Nine Former Patients and Employees, Including Teens and a Minor
(DBN)

____________

Cannabis:

Schumer asks for input as Democrats finalize cannabis bill
(DBN)

Canada: Cannabis Boom or Bust?
(DBN)

____________

Religion:

Lawyers to discuss whether letters to archbishop will be included in bankruptcy trial
(DBN)

____________

Retailing:

Shoplifting reaches crisis proportions
(DBN)

____________

Cruise Lines:

Norwegian Cruise Line Is Selling $2 Billion of Debt for Refinancing
(DBN)

____________

Coal:

Peabody Surges as Demand for Coal Drives Up Fourth-Quarter Sales
(DBN)

____________

Healthcare:

COVID cases are plummeting, and deaths could decline soon
(DBN)

Abrupt end to mask mandates reflects a shifting political landscape • Masks off? Democrats try for a pandemic pivot • Under pressure to ease up, Biden weighs new virus response
(DBN)

Most vulnerable still in jeopardy as COVID precautions ease
(DBN)

Oscars: COVID-19 Vaccination Will Not Be Required for In-Person Attendees
(DBN)

People who have had covid-19 don't need three vaccine shots
(DBN)

Medicine's Worst-Paying Specialty Is Luring Billions From Wall Street
(DBN)

Former Trump adviser falsely claims states are rationing scarce covid treatments based largely on race
(DBN)

Half the world is now fully vaccinated. But the global divide is stark, experts say.
(DBN)

The benefits of vaccinating the world are clear. The catch is the price tag.
(DBN)

These parts of US are where Americans live longest and shortest
(DBN)

What it takes to persuade the unvaccinated
(DBN)

____________

 
New Bankruptcy Opinions
(3 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (12 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (2 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:

Bankruptcy Lawyers Are A LOT Less Busy Than They Used To Be
(DBN)

NH: Year starts with another record low for bankruptcy filings
(DBN)

______________

Cross-Border:

Recent Ruling Bolsters Ability of Foreign Companies to Commence U.S. Bankruptcy Proceedings
(DBN)

____________

Automatic Stay:

In re Fulton: Not The Last Word Under § 362(a) Or § 542(a)! (Cordova v. City of Chicago)
(DBN)

____________

Guaranties:

When Is a Guaranty Claim Reduced by Recovery in A Debtor’s Bankruptcy Case?
(DBN)

____________

Non-Debtor Releases:

The trouble with U.S. bankruptcy laws
(DBN)

____________

Arbitration:

Secretive courts still popular with companies
(DBN)

____________

Aviation:

Why Do International Airlines File For Chapter 11 Bankruptcy In The US?
(DBN)

A Frontier flight headed to Orlando had to make an emergency landing, after things got crazy
(DBN)

Drunk and maskless passenger hurls the N-word at Delta flight attendant – then gets fired: report
(DBN)

The 'no-fly' list and unruly passengers, explained
(DBN)

Police escort barrister from flight after row over the nanny
(DBN)

Italy Is Set to Approve Start of Process to Sell Airline ITA
(DBN)

TAP Air Portugal CEO Says Airline Passengers Will Wear Masks Forever
(DBN)

____________

Pharma:

Biden calls on Senate to pass his agenda to lower drug prices
(DBN)

____________

Autos:

Auto plants halt production amid U.S.-Canada vaccine mandate protests • GM, Toyota, Ford cut production following Canadian trucking protests • Toyota halts production at Kentucky, Ontario plants after COVID protests
(DBN)

California Sues Tesla Over ‘Racially Segregated’ Fremont Factory
(DBN)

A robot bought my seven-year-old car for more than I paid brand-new
(DBN)

____________

Sports:

Super Bowl Parking Tickets at $6,000
(DBN)

____________

Food/Beverage:

Restaurant menu price inflation highest in 40 years
(DBN)

Valentine’s Day Is Giving NYC Restaurants a Much-Needed Boost
(DBN)

____________

Fraud:

Rogue employee or Goldman scapegoat? Ex-banker’s 1MDB corruption trial kicks off next week
(DBN)

North Texas medical labs, doctors charged in health care fraud scheme, billing over $300 million
(DBN)

____________

Climate:

SEC Climate-Rule Delay ‘Unacceptable,’ Senator Warren Says • U.S. Senator Warren 'urges' SEC chief to issue new climate rule after delays
(DBN)

The U.S. Army has released its first-ever climate strategy. Here's what that means.
(DBN)

The $550 billion question: Can the climate provisions of Build Back Better be revived?
(DBN)

Extreme weather whiplash hits California with record heat and wildfires
(DBN)

____________

Sovereigns:

Zambia Expects to Conclude $1.4 Billion IMF Bailout by June
(DBN)

‘Fragile Five’ Indebted Africa Nations Red-Flagged by Top Lender
(DBN)

IMF Says Wants G20 Support to Strengthen Debt Restructuring Framework
(DBN)

IMF says Sri Lanka has not sought its financial assistance
(DBN)

____________

UK:

UK antisemitism incidents in 2021 highest ever recorded
(DBN)

Boris Johnson plans to end England’s Covid rules a month early
(DBN)

____________

EU:

ECB’s Lane Defends ‘Hold-Steady’ Stance Amid Rate-Hike Talk
(DBN)

____________

Canada:

Canada Blockade Escalates, Shutting Auto Plants and Two-Way Traffic Around U.S. Border • Canadian 'Freedom Convoy' surges beyond legitimate protest • 'Freedom Convoy' protesters who block streets could be 'arrested without a warrant,' Ottawa police warn • Auto industry already feeling the pinch from Canadian bridge blockade • Canada's capital is jammed, its border crossings are blockaded, and there's no end in sight • Mayor of Canadian-U.S. border city says protesters could be removed by force • Listen to the Canadian Truckers • Why Canada’s ‘Freedom Convoy’ truckers, whose protest has blocked trade with the U.S., can’t just be towed away • Canadian bridge blockade could worsen Biden’s economic headaches • US urges Canada to use federal powers to end bridge blockade • Canada Truckers Shut Down More Auto Plants
(DBN)

An Ohio man tried to divert police with a fake bomb threat in Ottawa, Canada to protest mask rules. But he actually called local police.
(DBN)

Manulife, Sun Life say they are raising premiums to offset cost inflation
(DBN)

____________

France:

Convoy Protesting French Vaccine Mandate Aims to Block Paris
(DBN)

French Economic Recovery Pushes Through Omicron, Supply Issues
(DBN)

____________

Ireland:

Ireland to Boost Energy Relief as Europe Suffers Surging Costs
(DBN)

____________

Russia:

ECB Urges Banks to Prepare for Fallout From Russia Tensions • U.K. Rules for Potential Russia Sanctions Take Effect Thursday • Russia starts military drills in Belarus amid warnings it could invade neighboring Ukraine any day • China is making sanctions on Russia irrelevant • UK’s Johnson cites ‘a dangerous moment’ in Ukraine crisis • Biden urges Americans in Ukraine: "Leave now" • Foreign policy "Blob" backs Biden on Ukraine
(DBN)

____________

Turkey:

Precautionary Order On the Letters of Guarantee During Concordat
(DBN)

____________

Finland:

Finland Leaves It Up to People to Test and Isolate on Their Own
(DBN)

____________

Guatemala:

Changes in the Regulations Regarding Insolvencies and Bankruptcy
(DBN)

____________

Australia:

Women Wanting High-Paid Jobs Aren’t So Welcome in Australia
(DBN)

____________

Hong Kong:

Hong Kong Risks Everything With ‘Impossible’ Covid-Zero Policy
(DBN)

Hong Kong Covid Deaths Projected to Reach 1,000 By Mid-June
(DBN)

____________

MENA:

Biden says he rejects findings of Army report on Afghanistan
(DBN)

____________


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