February 15, 2022

The Daily Bankruptcy News

View prior editions: Click Here
View prior case summaries: Click Here
Search prior headlines: Click Here
Search prior case summaries: Click Here

Format For Mobile Device



Law:

What will Cravath and Davis Polk do? Many law firms await more news on salary hikes
(DBN)

Biglaw Chair Explains Why His Firm Hasn't Increased Associate Salaries Yet
(DBN)

Unlike Most Law Firms, This One Is Offering Associates Milbank Money
(DBN)

M&A is hot. Litigation is not. What's next for law firms in 2022?
(DBN)

U.S. law students to receive anti-bias training after ABA passes new rule
(DBN)

Making lactating lawyer mothers pump in bathroom stall is not OK, ABA says
(DBN)

Lawyers in 2 states sanctioned over association with national bankruptcy law firm
(DBN)

Sure... You Have A Biglaw Firm Named After You, But It's Your Kid Who's The Real Star Of The Family
(DBN)

Hearing Ends In Disbarment Recommendation For District Attorney
(DBN)

What’s The Verdict On The Future Of Law?
(DBN)

Luck, Ties Drive Lucrative Big Law Corporate Monitoring for U.S.
(DBN)

Loan counseling and cross-cultural competency programing will be required from ABA-accredited law schools
(DBN)

Lactation stations and breastfeeding accommodations are needed for bar exam attendees
(DBN)

Super Bowl Brings Out Best In Lawyer Ads
(DBN)

Yes, This *IS* A Law School Scam, But It's Not What You Think
(DBN)

Emory Law Seeks New Faculty Member: Bankruptcy/Commercial Corporate Law
(DBN)

Rudy Giuliani Makes Great Show Of Pretending To Cooperate With January 6 Select Committee Trump lawyer withholds 11,000 emails from Jan. 6 John Eastman claims attorney-client privilege over thousands of pages sought by Jan. 6 investigators Judge Orders Eastman to Detail Trump Work Josh Hawley’s New Campaign Merch Features His Fist-Pump to Jan. 6 Rioters
(DBN)

Trump's longtime accounting firm cuts ties, cannot stand behind statements - filing 'You're Fired': Lawyers React to Donald Trump Being Dropped by Accounting Firm
(DBN)

Bank to My Pillow Guy: You're Fired
(DBN)

Tech exec used access to White House computers to look for dirt on Trump, says special counsel
(DBN)

Some Firms Resumed PAC Giving After Pause Prompted by Jan. 6
(DBN)

Judge Puts Michael Avenatti on the Hook for Hundreds of Thousands of Dollars in Legal Fees After Conviction in Nike Extortion Case Boies’ Billing Limits Nike’s Pay for Helping Prosecute Avenatti
(DBN)

Everyone Around Bill Cosby Knew
(DBN)

Judge throws out Palin libel case against New York Times In Surprise Ruling, Judge Signals He'll Throw Out Sarah Palin's Defamation Suit Against the New York Times—with the Jury Still Deliberating Palin's legal fight with the New York Times is far from over Judge who dealt Palin loss in New York Times case known as a maverick Appeals could keep Palin v. NYT going for months
(DBN)

Feds Hint at Possible Plea Deal with Steve Bannon's Associate in Case of We Build the Wall, the Charity to Crowdfund a U.S.-Mexico Border Barrier
(DBN)

Jury of eight Whites, three Blacks and one Hispanic person picked for hate-crimes trial of Ahmaud Arbery's killers Arbery Killer Used Racial Slur to Describe Daughter’s Black Date, Prosecutors Say Federal Trial of Ahmaud Arbery's Convicted Murderers Begins as Jury Hears an Earful of the Gunman's Racist Bile Ahmaud Arbery's murderers used litany of racist slurs, hate-crimes trial hears Arbery Killers' Racist History
(DBN)

Judge tosses Zimmerman's lawsuit against Trayvon Martin's parents
(DBN)

West Virginia Legislature Confirms Women Are Second Class Citizens
(DBN)

A college student in Utah killed his girlfriend with heroin to 'relieve her from suffering,' police say
(DBN)

A young girl's murder went unsolved for nearly 58 years. A 20-year-old college student helped crack the case.
(DBN)

He put flowers on his fiancee's grave. Her father had him arrested on a charge of littering.
(DBN)

Brian Laundrie, Gabby Petito's fiancé, died from a gunshot wound to the head, medical examiner says
(DBN)

11 stabbed in string of attacks by suspect on BMX bike, Albuquerque police say
(DBN)

Louisville mayoral candidate targeted in shooting, police say Louisville activist charged with attempted murder in shooting at mayoral hopeful's campaign office
(DBN)

Our First Look at Man Suspected of Riding Around on a BMX Bike and Injuring 11 in Weekend Stabbing Spree
(DBN)

Fifth-grade Teacher with Three Decades of Experience Is Accused of Putting Camera in Staff Restroom, Disguising It as Cell Phone Charger
(DBN)

The for-profit detention circle
(DBN)

______________

Judges:

U.S. judges faced over 4,500 threats in 2021 amid rising extremism -official
(DBN)

Judiciary senators vow not to rehash Kavanaugh during SCOTUS confirmation
(DBN)

Why Democrats can’t get a fair shake in the Supreme Court, in one chart
(DBN)

______________

Wall Street:

Dow futures jump more than 400 points as Russia pulls back some troops from Ukraine border
(DBN)

HSBC to Double Some Junior Banker Bonuses in Race for Talent
(DBN)

______________

Autos:

Ford suspends or cuts output at plants due to chip shortage
(DBN)

____________

Fraud:

What charges does ex-Goldman banker Ng face in 1MDB corruption trial? Goldman’s Most Notorious Banker Turns Star Witness in 1MDB Trial Ex-Goldman banker got millions in 1MDB-linked kickbacks -prosecutor
(DBN)

Clariant Reveals Possible Accounting Fraud; Shares Plunge 20%
(DBN)

Actor Gets 20 Years in Prison for Running $650 Million Hollywood Ponzi Scheme
(DBN)

Couple Allegedly Behind $4.5 Billion Cryptocurrency Laundering Scheme Is Ordered on Valentine's Day to Stay Apart
(DBN)

____________

Education:

New critical race theory laws have teachers scared, confused and self-censoring
(DBN)

____________

Climate:

SEC boss on climate rule: We're getting there
(DBN)

Intensified by climate change, Western megadrought is worst in 1,200 years, study finds With the worst drought in 1,200 years, LA is taking wastewater recycling to the extreme
(DBN)

Big Money Turns Saving the Planet on Its Head
(DBN)

____________

Coal:

Coal Is Still Raising Trillions of Dollars Despite Green Shift
(DBN)

____________

Tech:

Apple broke Facebook’s ad machine. Who’s going to fix it?
(DBN)

____________

Autos:

Auto industry restarts work after end of U.S.-Canada bridge blockade
(DBN)

____________

Healthcare:

Pfizer director Dr. Scott Gottlieb: Shots for kids under 5 delayed due to low Covid cases in trial
(DBN)

Unvaccinated medical workers turn to religious exemptions
(DBN)

America’s Vaccination Campaign Is Ignoring One Very Clear Target
(DBN)

How a Small Alabama Company Fueled Private Equity’s Push Into Hospitals
(DBN)

____________


Economy:

Record job-switching rates are pushing U.S. inflation higher, Chicago Fed study finds
(DBN)

'Survival mode': Inflation falls hardest on low-income Americans
(DBN)

Six High Frequency Indicators for the Economy
(DBN)

Microsoft tells workers to prepare to return to the office.
(DBN)

Why Americans feel unhappy about the economy
(DBN)

Future of Work: CEOs' new role as 'armchair epidemiologists' means more flexible plans
(DBN)

Fed’s Bullard says the central bank’s ‘credibility is on the line,’ needs to ‘front-load’ rate hikes
(DBN)

Biden has long-term inflation plan, but voter patience short
(DBN)

Federal Reserve officials call for a measured response to inflation.
(DBN)

The Huge Challenge the Fed Now Has in 2022
(DBN)

Traders Price Deeper Fed Rate Cuts With Cycle Peaking Mid-2023
(DBN)

U.S. Inflation Outlook Falls for First Time Since October 2020 U.S. Consumers' Inflation Expectations Lower In January, NY Fed Survey Finds
(DBN)

Americans Feeling the Pain as Pump Prices Hit Highest Since 2014
(DBN)

The Uneven Fallout of the Inflation Surge
(DBN)

A Few Comments on Inflation
(DBN)

Traffic is back, but rush hour isn't the same
(DBN)

Apple gives retail staff pay raises of up to 10% as it seeks to tackle the rocky labor market, report says
(DBN)

Denver is offering businesses rent-free space and $20,000 in services to open up downtown
(DBN)

Avocados to Get Even More Expensive as U.S. Halts Imports Amid Threats
(DBN)

‘Sell What You Can’ Mood Grips Credit as Goldman Says Hold Cash
(DBN)

The pandemic-era small business boom
(DBN)

Elon Musk donates $5.7 billion in Tesla shares to charity
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

Housing Inventory February 14th Update: Inventory Down 2.5% Week-over-week; New Record Low
(DBN)

Why your rent is going up
(DBN)

Where in the US are homes most affordable?
(DBN)

10 guidelines to aid tenants and landlords in eviction crisis are adopted by the ABA House
(DBN)

____________

Municipalities:

PR board, bondholders oppose credit unions' request for Plan of Adjustment delay
(DBN)

____________

Religion:

Pastor Resigns After Incorrectly Performing Thousands of Baptisms
(DBN)

____________

Student Debt:

Personal bankruptcy and the Deductibility of Non-dischargeable Student Loans for the Means Test
(DBN)

____________

Oil/Gas:

Volatile oil markets eye Russia-Ukraine crisis
(DBN)

Energy ministers are fearful of oil prices surpassing $100 a barrel
(DBN)

Oil eases as Ukraine hints at concessions to Russia
(DBN)

OPEC Chief Says Focus Is on Keeping Market Well-Supplied
(DBN)

Shale King Harold Hamm Is Passing Billions to His Heirs Tax-Free
(DBN)

Marathon Petroleum Eyes 15% Reduction in Consumer-Related Emissions
(DBN)

Hydrogen Cars and Buses Seize the Spotlight at Beijing’s Winter Olympic Games
(DBN)

Brazil has oil. Exxon can't seem to find it
(DBN)

____________

Cannabis:

Bankruptcy Court Won’t Dabble in Case Concerning a Marijuana Business
(DBN)

____________

Biofuels:

U.S. corn-based ethanol worse for the climate than gasoline, study finds
(DBN)

____________

Food/Beverage:

Tip the dishwasher? Short-staffed restaurants now take gratuities for kitchen staff
(DBN)

____________

Celebs:

IRS Coming For Erika Jayne’s Husband Tom Girardi Over $3.7 Million Debt
(DBN)

____________

Sports:

IOC Says No Ceremony If Russian Skater Valieva Medals in Event Russian skater cleared to compete at Olympics, but medals will be withheld The shocking decision to allow Kamila Valieva to skate at the Olympics, explained Sha’Carri Richardson, who missed the Tokyo Games, asks why a Russian skater can compete after failing a doping test. ‘It’s all just so unfair,’ the coach of a U.S. skater says of the call to let Valieva skate. Russian figure skater starts bid for second gold amid doping saga Russian figure skater Kamila Valieva blames medication mix-up for failed drug test
(DBN)

Rams fans ordered to leave downtown L.A. as Super Bowl celebrations turn chaotic
(DBN)

Novak Djokovic says he could skip more Grand Slams over vaccine stance
(DBN)

____________

Cruise Lines:

Genting’s unfinished Global Dream cruise ship attracts investors
(DBN)

____________

Mail:

Here's What Congress' Post Office Overhaul Bill Means for Your Mail
(DBN)

____________

History:

Eighty Years After the U.S. Incarcerated 120,000 Japanese Americans, Trauma and Scars Still Remain
(DBN)

____________

Politics:

Republican leaders are holding closed-door meetings to question Trump's power over the party, report says
(DBN)

GOP Rep. Jim Jordan says a Trump statement that suggested the execution of former Hillary Clinton campaign aides was 'right on target'
(DBN)

Wisconsin GOP looks to weaponize critical race theory in governor's race
(DBN)

Kentucky police detain suspect after ‘assassination attempt’ of candidate
(DBN)

Donald Trump couldn't be more wrong about Susan Collins
(DBN)

Trump claims he 'allowed' GOP senator to win in 2020 — in a state he lost
(DBN)

Majority of Democrat voters do not want Joe Biden to run in 2024
(DBN)

Trump’s latest political obsession: The baseball team owner not toeing his line
(DBN)

Senate ad slams transgender athletes ‘pretending to be women’
(DBN)

Faulty ballots and frustration: Texans confront 'nightmare' effects of new election law as early voting kicks off
(DBN)

The right’s would-be kingmaker
(DBN)

Ohio mayor resigns after suggesting ice fishing leads to prostitution
(DBN)

'We are absolutely political pawns here' — Gov. Abbott condemned over mistreatment of National Guard
(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 (7 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:

2021 was one of the worst years in decades for BigLaw bankruptcy practices
(DBN)

______________

Mass Torts:

Johnson & Johnson talc bankruptcy attacked by cancer plaintiffs as 'rotten'
(DBN)

J&J Defends Baby Powder Bankruptcy Strategy Cancer Plaintiffs Call ‘Rotten’
(DBN)

Architects of ‘Texas two-step’ lambast J&J for its use of the manoeuvre
(DBN)

Judge Sets March Hearing on Boy Scouts Bankruptcy After Claimant Group Signs On
(DBN)

____________

Bankruptcy Bonuses:

S.D.N.Y. Judge Holds Bankruptcy Code Prohibits Board-Appointed Officers from Receiving Payments Under a KERP
(DBN)

____________

Bankruptcy Forms:

Pending Changes in the Bankruptcy Forms
(DBN)

____________

Miscellaneous:

Wachtell Lipton Discusses Corporate Bankruptcy and Restructuring: 2021-2022
(DBN)

____________

Cross-Border:

Unit of Chinese developer RiseSun seeks U.S. recognition of debt swap
(DBN)

____________

Corporate Governance:

The Rise of Bankruptcy Directors
(DBN)

____________

Aviation:

No-Fly List Talks Intensify in U.S. on Surge in Violent Incidents
(DBN)

Airlines Find New Ways to Leverage Loyalty Programs for a Post-Pandemic Era
(DBN)

Lawyer Goes To Bat For Nanny, Gets Kicked Off Of Plane
(DBN)

Elon Musk’s SpaceX to Fly 3 More Missions Financed by Billionaire Jared Isaacman
(DBN)

Airlines Pull Services Back Further From Ukraine
(DBN)

NCLT orders Mumbai Airport not to remove assets of Jet Airways from airport premises
(DBN)

Tough call in bankruptcy cases Debt restructuring cost PAL $3M in consultancy fees
(DBN)

____________

Crypto:

SEC ratchets up crypto crackdown
(DBN)

Crypto lending company BlockFi to pay $100 million fine over charges it broke securities laws
(DBN)

____________

UK:

Monthly Insolvency Statistics
(DBN)

Investigating Directors of Dissolved UK Companies
(DBN)

British authorities seize NFTs for the first time in a £1.4 million fraud probe
(DBN)

Katie Price slashes OnlyFans price after ‘reaching new deal’ over £3.2m debt repayment Katie Price avoids court hearing after striking up last-minute deal to pay off debts
(DBN)

____________

EU:

Viability Assessment in Corporate Debt Restructuring: Optimizing the Filtration Effect of the European Directive on Restructuring and Insolvency
(DBN)

Lagarde Says ECB Will Act at ‘Right Time’ But Only Gradually
(DBN)

____________

Canada:

Osler welcomes 2 new insolvency partners
(DBN)

Insolvent Canadians Owe Highest Level of Unsecured Debt Since 2016
(DBN)

Tax and student loans drive rise in unsecured debt, study finds
(DBN)

Ontario drops vaccine proof, Canada trucker protests persist
(DBN)

Crowdfunding site for Canadian 'Freedom Convoy' disabled in possible hack Hackers Just Leaked the Names of 92,000 ‘Freedom Convoy’ Donors
(DBN)

Official: Trudeau to use emergency powers across Canada
(DBN)

____________

Hong Kong:

Hong Kong "overwhelmed" by COVID surge
(DBN)

____________

India:

Economic Survey on Cross Border Insolvency
(DBN)

____________

Russia:

US closing Kyiv embassy after 'dramatic' buildup of Russian forces Vladimir Putin suggests dialogue is still possible on Ukraine crisis Russian Troops in Attack Positions Russia says some troops returning to bases from near Ukraine amid invasion fears Russia's foreign minister urges Putin to continue talks with the West, saying negotiations are 'far from being exhausted' amid Ukraine tensions On stage at the Kremlin: Putin and Lavrov’s de-escalation dance Russian foreign minister wants "intensifying" Ukraine talks Putin Signals Talks With U.S., NATO to Continue Amid Crisis Russia’s Lavrov calls for more talks as Ukraine crisis escalates ‘Ukrainians feel that they’ve been abandoned,’ ambassador says Ukraine walks back apparent NATO concession as world leaders scramble to avoid war No sign that Putin has stopped his ‘march towards war,’ ex-U.S. ambassador says Russia could start bombing Ukraine minutes after Putin gives the order, UK defense minister warns European, U.S. leaders race to defuse Ukraine crisis amid warnings of imminent Russia attack What Conflict in Ukraine Would Mean for Oil, Gas and Food Morgan Stanley’s Wilson Says Potential Ukraine War a ‘Polar Vortex’ Risk to Stocks New U.S. intelligence on Ukraine led Israel to evacuate its citizens How Ukraine is responding to escalating threats of invasion The Lesson Stalin Could Teach Putin About Invading a Neighbor Ukraine president’s ratings fall as crisis with Russia brews How a Russian invasion in Ukraine could disrupt life in America Oligarchs Flee Ukraine on Private Jets in Face of Potential Russian Invasion America Is Focusing on the Wrong Enemy
(DBN)

____________

Spain:

Luxury Resort in Spain Must Be Demolished, Court Finds
(DBN)

____________

Indonesia:

Indonesia Eyes Lifting All Quarantine Requirements Around April
(DBN)

____________

Mexico:

A Threatening Phone Call to a US Inspector Endangers the Mexican Avocado Industry
(DBN)

____________

New Zealand:

New Zealand’s PM signals harsher stance on vaccine protest
(DBN)

____________

Jersey:

Key developments in Jersey’s corporate insolvency regime
(DBN)

___________


The Daily Bankruptcy News is primarily a curated news link gathering service.   Most of the headlines contained in the publication are a collection of links to stories posted on the Internet by various third party publications.  Such content is owned by third party sources, not The Daily Bankruptcy News, and in some cases, these links change or expire, which means you may not be able to view some news stories in prior editions of the Daily Bankruptcy News. The DBN subptption fee is not a fee for access to the content of the links, but is a charge for the considerable work involved in gathering, organizing and presenting the links. Use of this site and The Daily Bankruptcy News is subject to our Terms of Use. If you received The Daily Bankruptcy News via email (and you have a paid subscription account), to view a news story, click on the headline, and the story should open in your web browser. To view additional stories, click back to the email and click on additional headlines, which will cause new stories to open in your web browser.  You can view the most recent edition of The Daily Bankruptcy News on the web at BKInformation.com.

Advertising
Advertising is available in The Daily Bankruptcy News. Click here for details  Feel free to contact us with any questions.

Passwords/Subscriptions
Access to certain links in The Daily Bankruptcy News is available only to readers holding a paid service subscription. These links are currently marked with a "DBN" notation. The cost of a subscription is $69.00/year, payable annually.  Volume discounts are available for sites with multiple users. Click here to see a schedule of discounts. Complimentary subscriptions are available for full-time educational and governmental employees and for full time students. For information about discounts or educational/governmental subscriptions, contact us by clicking here. A separate password is required for each member of a firm wishing access to restricted links.

New readers can receive a free password good for 30 days by clicking here. 30-day passwords are not available to readers who have previously had a password, even if the password was associated with a different email address used by the reader. Refunds are not available after purchase.

Readers who wish to change their passwords should click here. Readers who have forgotten their password should click here.

Adding Your Email Address To The Distribution List
If you would like to start receiving The Daily Bankruptcy News by email each day, click here, and fill in the information requested. There is no charge to be placed on the distribution list to receive the headlines, although access to many of the links behind the headlines requires a paid subscription (see above, under Passwords). If, after adding your email address to the distribution list, you do not receive an email confirming the addition, please contact us by clicking here for help.

Removing Your Email Address From The Distribution List
If you already receive The Daily Bankruptcy News by email and you wish to remove your email address from the distribution list, click here and send the email that should appear. You do not need to type anything in the body of the email message. Note that the email asking for removal must be sent from the same email address which is on our distribution list. If you do not receive an email confirming deletion of your email address from the distribution list, contact us by clicking here for help.

If receive the publication forwarded from an older email address, you will need to contact us as described below for help removing that older address from our distribution list.

Press Releases/News Tips
Please send press releases and news tips to admin@bkinformation.com

Contact Us
The Daily Bankruptcy News is published each business day by BKINFORMATION.COM, L.L.C. You can phone or text us at 281-402-3957. You can email us at accounting@bkinformation.com (email inquiries are usually answered substantially more quickly than phone inquiries). Our mailing address is 935 Eldridge Road, No. 350, Sugar Land, Texas 77478.

Copyright 2022