February 16, 2022

The Daily Bankruptcy News

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Law:

Money Matters: Top 20 Biglaw Firm Officially Announces A Milbank Match
(DBN)

Elite Firm Shrugs At Milbank Scale, Instead Offers Starting Salaries Of $235K
(DBN)

Lawyer fights ethics allegation with ABA Journal story
(DBN)

First Biglaw Firm To Buy Serious Property In The Metaverse
(DBN)

LeClairRyan trustee, UnitedLex headed to mediation in bankruptcy dispute
(DBN)

Lawyer who claimed his paralegal likely tried to poison him may proceed with suit, Texas court rules
(DBN)

ABA Approves Revisions To Accreditation Standards Relating To Curriculum, Student Loans, And Student Wellness
(DBN)

This Law School's Disappointing Bar Exam Results
(DBN)

A few ‘begats’ and ‘thou shalts’: An abbreviated history of lawyers
(DBN)

Yale fires back at law students' lawsuit over Amy Chua probe
(DBN)

Defunct Kenyon law firm loses $9 mln appeal in Napster-era fee fight
(DBN)

Disgraced SC attorney Alex Murdaugh’s estate listed for sale, but legal hurdles remain
(DBN)

Dykema Opens Houston Office with Addition of Bankruptcy and Business Litigation Attorneys
(DBN)

Stephanie Winston Wolkoff says she is a lead witness in DC attorney general's lawsuit alleging Trump's 2017 inaugural fund misused funds
(DBN)

Jan. 6 defendants are trying to claim an unusual defense. It isn't working. • The real reason Jim Jordan is ranting against Jan. 6 committee staff • Judge accelerates review of Eastman emails being withheld from Jan. 6 panel • Oath Keepers, Prosecutors File Joint Motion to Move April Trial Date in Major Jan. 6 Case • Judge Sentences Pa. Man to Probation After He Claimed to Have 'Helped Capitol Police' on Jan. 6 • Hawley defends Jan. 6 merch: 'It is not a pro-riot mug' • Jan. 6 panel subpoenas individuals who helped Trump campaign 'alternate electors' efforts • Jan. 6 panel targets key players in false Trump elector strategy
(DBN)

Rubio: White House records at Mar-a-Lago 'not a crime, I don't believe'
(DBN)

Gunmaker Remington settles lawsuit with Sandy Hook families • Sandy Hook families settle for $73M with gun maker Remington • A Gun Manufacturer Is Finally Paying for a Mass Shooting in the United States • 'A Wake-Up Call to the Gun Industry': Sandy Hook Families Reach $73 Million Settlement Over Mass Shooting, Resolve Claims Against Remington • Why $73 million Sandy Hook settlement is unlikely to unleash a flood of lawsuits against gun-makers
(DBN)

Democrats show little appetite for Biden's call for gun control
(DBN)

2 cops plan to testify about Floyd killing; prosecutors rest
(DBN)

Prince Andrew settles sex suit with Virginia Giuffre • Lawyers: Sex abuse lawsuit against Prince Andrew settled • Prince Andrew settles sexual abuse suit 'in principle,' accuser's lawyer says • Prince Andrew settles sex case with Virginia Roberts 'for £7.5million' after exasperated Charles orders him to agree payout before Queen's Platinum Jubilee • Where Did Prince Andrew Get That Money?
(DBN)

'Alec Had the Gun in His Hand, He Shot it, Halyna Was Killed': Family of Slain 'Rust' Cinematographer Files Lawsuit Blaming Alec Baldwin for Her 'Wrongful Death'
(DBN)

Accounting firm: Trump financial statements aren’t reliable • Why Trump's accounting firm ditched him • Accountants Dump Trump, Along With 10 Years Of His Financials • Trump’s Inner Circle Freaks That His Tax Firm ‘Screwed’ Him
(DBN)

Court fight looms as questions swirl over Trump’s finances
(DBN)

New York AG Letitia James really, really wants Donald Trump to unlock his two-dozen file cabinets in Trump Tower
(DBN)

Sarah Palin’s Libel Claim Against The Times Is Rejected by a Jury • A Day After a Judge Ruled No Reasonable Jury Could Find the New York Times Defamed Sarah Palin, the Actual Jury Agrees • Sarah Palin Loses New York Times Libel Case With Jury as Well as Judge • Sarah Palin didn’t meet ‘high standard’ for proving defamation in suit against New York Times, judge says • Everything Else About The Palin Suit Was A Waste Of Time, So Why Not Its Ending?
(DBN)

US accuses financial website of spreading Russian propaganda
(DBN)

21-Year-Old Activist and Local Candidate Charged in ‘Attempted Assassination’ of Louisville Mayoral Candidate
(DBN)

Report: Conspiracy theorists fuel bump in extremist killings
(DBN)

US asks Honduras to arrest, extradite ex-President Hernández
(DBN)

Inside a Massive Human Smuggling Ring Led by US Marines
(DBN)

Here's why Trump once again is claiming 'spying' by Democrats • Turns out the real threat to ‘norms’ was the Hillary Clinton campaign • Lawyer charged in Durham probe accuses prosecutors of seeking to 'inflame media coverage' • Durham alleges cyber analysts 'exploited' access to Trump White House server • Right-wing criticizes media for lack of coverage on Durham probe • DNC Lawyer Michael Sussmann Fires Back At Special Counsel Durham • The Words 'Infiltrate' and 'Spy' Appear Exactly Zero Times in John Durham's Recent Court Filing. Here's What It Actually Says — and What It Doesn't. • Court Filing Started a Furor in Right-Wing Outlets, but Their Narrative Is Off Track
(DBN)

‘Enough Is Enough’: Asian American New Yorkers' Frustration Mounts as Deaths Rise
(DBN)

A Hacker Group Has Been Framing People for Crimes They Didn't Commit
(DBN)

He Said He Shot a Woman in the Face Accidentally, Then Fired Second Shot Because He 'Did Not Want to See Her in Pain.' Now, He's Going to Prison for Murder.
(DBN)

He shot a man over tossed popcorn, prosecutors say. His defense: Stand-your-ground.
(DBN)

Police Used Woman's Rape Kit DNA to Arrest Her for Property Crime: DA
(DBN)

______________

Judges:

BK MA: United States Bankruptcy Judge Frank J. Bailey to Retire
(DBN)

Obit: Gerald D. Fines
(DBN)

Views from the S.D. Texas Bankruptcy Bench
(DBN)

Author metadata ‘is not a smoking gun’ indicating my opinions were ghostwritten, federal judge says
(DBN)

For high court nominees ‘When’s your birthday?’ matters
(DBN)

Manchin would oppose second high court nominee right before 2024 election
(DBN)

'Like Learning to Ride a Bike with Everybody Watching': In Return to Notre Dame, Justice Barrett Discusses 'Big Shift' in Life at Supreme Court
(DBN)

2nd Cir. Returning To In-Person
(DBN)

If the Kids Had Been White, Would Any of This Have Happened?
(DBN)

______________

Wall Street:

Stock futures are down slightly after major averages snap 3-day losing streak
(DBN)

Dow jumps more than 400 points after Russia says it’s withdrawing some troops
(DBN)

Wall Street Fears Market Jolt as Inflation Pinches Low-Income Americans
(DBN)

______________

Education:

School boards get death threats amid rage over race, gender, mask policies
(DBN)

Over 100 Bills Limiting LGBTQ and Race Talk in U.S. Schools Have Been Introduced This Year
(DBN)

Is college worth it? How to figure out the return on investment
(DBN)

San Francisco voters recall three school board members
(DBN)

Texas GOP Sparks a Moral Panic Ahead of the Primaries
(DBN)

____________

Pharma:

The growing evidence against drug copay cards
(DBN)

____________

Sports:

Evander Kane bankruptcy trustee wants to sue firm that arranged his loans
(DBN)

Unvaccinated Djokovic could skip French Open, Wimbledon
(DBN)

Utah lawmakers propose panel to evaluate eligibility of transgender student athletes
(DBN)

____________

Hotels:

Marriott results top estimates as vaccinations, holiday traffic boost hotel occupancy
(DBN)

____________

Horse Racing:

California horse track affirmed at junk as Fitch cites sport's decline
(DBN)

____________

Religion:

Archdiocese reverses course on request to seal records in bankruptcy case
(DBN)

Judge told release of insurance info OK in clergy abuse case
(DBN)

In Italy, a Call for a National Investigation Into Clerical Sexual Abuse
(DBN)

Pastor facing libel suit files for bankruptcy, blocking the lawsuit
(DBN)

____________

Fashion:

Louis Vuitton set to raise price tags this week as costs climb
(DBN)

____________

Celebs:

Erika Jayne’s Estranged Husband Tom Girardi Owes $3.7 Million To The IRS
(DBN)

____________

Tourism:

Florida Tourism Tops Pre-Pandemic Levels, DeSantis Says
(DBN)

____________

Healthcare:

Biden’s FDA Chief Confirmed by Senate With Republicans’ Help
(DBN)

This 16-year-old wanted to get the COVID vaccine. He had to hide it from his parents
(DBN)

Just 20 minutes of daily exercise at 70 could stave off major heart disease: study
(DBN)

New research points to possible reason for long COVID
(DBN)

Oklahoma abortion providers see huge influx of Texas women
(DBN)

____________


Economy:

Wholesale prices rose 1% in January • Wholesale prices rise 1% in January, up near-record 9.7% over the past year • U.S. producer prices accelerate amid broadening inflation pressures
(DBN)

New York Factory Gauge Improves Slightly, Price Gauge at Record
(DBN)

Child care squeeze fuels Great Resignation
(DBN)

The pandemic is giving Americans an economics crash course
(DBN)

U.S. Wages Rose in Covid Era Despite Recent Inflation Highs
(DBN)

The pandemic ate young adults' savings, widening the gap between the Gen Z and millennial haves and have-nots
(DBN)

U.S. Fed should act soon and decisively to raise rates -World Bank's Reinhart
(DBN)

World Bank economist warns of dangers of ignoring growing debt
(DBN)

Your next job interview could be with a robot
(DBN)

GOP moves to block vote on Biden Fed nominees over Raskin ties to fintech firm • GOP senators to block vote on Biden Fed picks • Sen. Tester says Sarah Bloom Raskin will get his vote for Fed • Psaki calls Republicans 'irresponsible' for blocking Biden's Fed nominees • McConnell: Fed fight is a warning to Biden on radical nominees
(DBN)

Billionaire investor Carl Icahn says the US has far too many terrible CEOs — and blames them for spurring high inflation
(DBN)

The recession alarm is ringing on Wall Street, as the bond market spooks investors • U.S. yield curve prices for Fed tightening, shows fears of policy error
(DBN)

Biden's inflation Catch-22
(DBN)

The Fed Missed Inflation. Can Jay Powell Tame It Without Causing a Recession?
(WSJ)

Short interest in stocks tied to consumer spending is the highest in a year as soaring inflation weighs on sentiment
(DBN)

Inflation Busting Becomes Top Priority for Embattled Democrats
(DBN)

Treasury Market Liquidity Is Eroding With Fed’s Course a Gamble
(DBN)

Cramer’s message to investors and the Fed: Inflation may have just peaked
(DBN)

Investors believe the S&P 500 would need to drop another 16% before the Fed moves to stem the decline, Bank of America says
(DBN)

Elon Musk Enlisted Poker Star Before Making $5.7 Billion Mystery Gift
(DBN)

Most Californians in new poll say state is headed in wrong direction
(DBN)

Chicago Keeps Mask Rules Even With Illinois Mandate Set to Ease
(DBN)

Massachusetts Ends Recommendation for Universal Indoor Masking
(DBN)

Study finds coastal workers are trickling into Heartland states
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

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

Out-Of-Town Home Buyers Will Pay 30% More Than Locals In Hottest U.S. Markets
(DBN)

Boston: "Soft" Housing Sales in January due to Lack of Inventory
(DBN)

Renting A Home Is Even Harder Than Buying One In Unrelentingly Hot U.S. Market
(DBN)

4 Bed, 3 Bath, No Garage Door: The Unlikely Woes Holding Up Home Building
(DBN)

Homebuyers in U.S. Lose Hope as Costlier Loans Sap Affordability
(DBN)

Pandemic's impact seen in Texas senior living project defaults
(DBN)

This Is the American City With the Most Homes For Sale
(DBN)

____________

Municipalities:

This Is the American City the Most People Are Leaving
(DBN)

____________

Oil/Gas:

BP CEO refutes greenwashing accusations, says it’s a ‘greening company’
(DBN)

Continental Shares Tumble as Spending Hike Exceeds Oil Growth
(DBN)

White House, congressional Democrats eye federal gas tax holiday as prices remain high, election looms
(DBN)

Permian Roughneck Shortage Clouds Outlook for Oil Output Growth
(DBN)

____________

Agribusiness:

Highly lethal bird flu found in Ky. and Va. flocks, raising fear of wider outbreak in poultry farms • Bird Flu Menaces U.S. Chicken Industry Already Struggling to Grow
(DBN)

Fertilizer Just Got Even More Expensive as Potash Prices Jump
(DBN)

Cost of Growing Food to Rise Even More Amid Weedkiller Supply Crunch
(DBN)

____________

Climate:

Regulators pushed to examine corporate offset use
(DBN)

AP adds 20 positions to new climate desk
(DBN)

Biden administration unveils plan to spur carbon cuts in heavy industries
(DBN)

U.S. to see "regime shift" toward more severe coastal flooding, study finds • Sea level projected to rise a foot on US coasts by 2050
(DBN)

Worst Case Climate Predictions Not Plausible
(DBN)

Private equity’s dirty dozen: the 12 US firms funding dirty energy projects
(DBN)

____________

Student Debt:

Alexandria Ocasio-Cortez says that student-loan cancellation should be Biden's priority and that his hesitation has 'demoralized a very critical voting block'
(DBN)

Education Department suspends seizure of tax refunds for overdue student loans
(DBN)

Here's What I Wish Someone Told Me Before I Racked Up $180,000 In Student Loan Debt
(DBN)

____________

Festivals:

Bankruptcy case of Country and Rock USA promoter about to close
(DBN)

Coachella to return with no pandemic restrictions
(DBN)

____________

Hedge Funds:

Top 15 hedge fund managers raked in nearly $16B last year
(DBN)

____________

Movie Theaters:

The Pandemic Crushed Most Movie Theaters—But This 27-Year-Old’s Chain Doubled In Size
(DBN)

____________

Gambling:

Crown Resorts has sunk so low that private equity is the best option
(DBN)

____________

Cruise Lines:

Crystal Cruises’s Epic Demise Leaves Customers Out $100 Million—or More
(DBN)

Potential Buyers Emerging for Genting HK’s Global Dream Cruise Ship
(DBN)

CDC lowers pandemic travel warning for cruise ships
(DBN)

____________

Utilities:

Uri Fallout: Texas’ Rayburn Electric Is First Co-op To Securitize Uri Debt; Still Expected To Sue
(DBN)

One Year After Power Crisis, What Happened to Those Big Electric Bills?
(DBN)

____________

Crypto:

Fraudsters are using bots to drain cryptocurrency accounts
(DBN)

India should ban 'Ponzi' private cryptos or risk wrecking the country's financial system, a top RBI central banker has warned
(DBN)

Senate Banking Head Blasts Super Bowl Crypto Ads for Lack of Transparency
(DBN)

Coinbase Eyes Challenge to Western Union With Crypto Remittances
(DBN)

Confessions of a Bitcoin Widow: How a Dream Life Turned into a Nightmare
(DBN)

Cryptoassets Threaten Financial Stability, Top Regulator Warns
(DBN)

____________

Autos:

VW Warns of Output Cuts in Wolfsburg Amid Tensions Over EV Shift
(DBN)

____________

Politics:

Pressure mounts on Congress to curb lawmaker stock trading
(DBN)

Republicans Discover the Horror of Gerrymandering
(DBN)

No 'mass exodus,' but GOP sees Trump grip loosening
(DBN)

Document dump turns toxic for Trump
(DBN)

Ex-RNC chair pens open letter to McDaniel: You will regret censure of Cheney, Kinzinger
(DBN)

Gov. Newsom's approval hobbled by crime fears, homelessness crisis, poll finds
(DBN)

GOP positions to grab left-leaning Nashville in US House map
(DBN)

Thousands of mail ballots rejected under new Texas voting law
(DBN)

Why there’s been a surge of bipartisan activity in Congress
(DBN)

Texans are worried about Texas
(DBN)

____________

 
New Bankruptcy Opinions
(4 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 (11 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:

Where are all the COVID-19 bankruptcies?
(DBN)

______________

Mass Torts:

J&J Talc Suits Threatened Stellar Credit Rating, Ex-Treasurer Testifies
(DBN)

J&J Starts Trial on Bankruptcy Case Under Attack by Congress
(DBN)

Durbin Highlights Johnson & Johnson's Shameful 'Texas Two-Step' Maneuver On Senate Floor
(DBN)

Bestwall bankruptcy judge holds asbestos plaintiffs in contempt for failing to submit questionnaires
(DBN)

____________

Non-Debtor Releases:

Delaware Bankruptcy Court Approves Non-Consensual Third-Party Releases in Contrast to Purdue and Ascena
(DBN)

Consensual Third-Party Releases
(DBN)

____________

Mediation:

Judges Mediating Other Judges’ Cases: A Report (Harder/Sunwest)
(DBN)

____________

Cross-Border:

Foreign Debtors and Chapter 11 – Seeking Relief from Turbulent Skies
(DBN)

____________

Bankruptcy Bonuses:

Executive Compensation: Need for a Change to the Bankruptcy Code
(DBN)

____________

Plan Enforcement:

What Do You Do If a Debtor Defaults on Its Confirmed Bankruptcy Plan?
(DBN)

____________

Insurance:

Regulators Split On Plan For Insolvent Pennsylvania Health Insurer
(DBN)

____________

Sanctions:

Girardi Case Spotlights Judges’ Monetary Sanction Authority
(DBN)

____________

Aviation:

U.S. to inspect new 787 Dreamliners, says Boeing cannot self-certify • Boeing 787 Stays Under FAA Oversight for Factory-Quality Checks
(DBN)

U.S. lawmakers want review of FAA Boeing 737 MAX oversight
(DBN)

Virgin Galactic is selling tickets to space for $450,000 as it plans more commercial flights this year
(DBN)

Airlines need to negotiate Ukraine insurance cover for flights – Lloyd’s official
(DBN)

____________

Food/Beverage:

Burger King pulls Whopper off discount menu; parent RBI to hike prices
(DBN)

Tyson Foods ends mask mandate for some workers, but not at meat plants
(DBN)

____________

Telecoms:

EU Plans to Spend Billions on Satellite Fleet to Rival Musk
(DBN)

____________

Sovereigns:

Private debts pose hidden risk to developing countries, World Bank warns
(DBN)

IMF Board to Discuss Progress in Argentina Program on Wednesday • Argentina Inflation Accelerates for Second Straight Month
(DBN)

____________

UK:

Corporate Insolvency - is it all that different in Scotland?
(DBN)

R3 responds to January insolvency statistics
(DBN)

£25m fees paid to experts handling Rangers collapse - as creditors lose over £90m
(DBN)

Another U.K. Inflation Shock Will Likely Embolden BOE Rate Hawks
(DBN)

Councillors push for near maximum tax hike to avoid 'running out of money'
(DBN)

U.K. Sees Double-Digit Inflation in Almost 20% of Average Basket • UK inflation jumped to a 30-year high of 5.5% in January, putting pressure on the Bank of England
(DBN)

Soaring Inflation to Add £23 Billion to Cost of U.K. Public Debt
(DBN)

____________

EU:

Europe Heads Back to Normal as Germany Joins End of Covid Curbs
(DBN)

____________

Canada:

Canadian official: Police must act now to stop truck protest • 'Freedom Convoy,' police face off near U.S.-Canada border crossings as Trudeau invokes Emergencies Act • What is the Emergencies Act, which Canada invoked in response to Canada's trucker protests? • Canada targets crypto donations to protesters after Trudeau invokes Emergencies Act to quell anti-government demonstrations • Ottawa's police chief resigns over handling of trucker protest • 10 photos falsely linked to Canada’s ‘Freedom Convoy’ protests • Alexandria Ocasio-Cortez mocks Fox News analyst after he says Canadian government could have arrested Martin Luther King Jr.
(DBN)

____________

Singapore:

Recent developments in Singapore’s quest to become Asia’s international debt restructuring hub
(DBN)

Singapore Eyes Major Easing of Curbs Once Omicron Wave Passes
(DBN)

____________

China:

Resolving illegal guarantee and fund occupation in reorganizations
(DBN)

China courts freeze $157 million of Evergrande assets over missed construction payments
(DBN)

Shimao Seeks Repayment Extension on $947 Million in Trusts
(DBN)

____________

Spain:

With COVID rules eased, Barcelona embraces festival’s return
(DBN)

Spain’s Covid Slump Could Have Been Far Worse Without the ECB
(DBN)

____________

Italy:

Italy Now Sees Paschi Capital Gap at $4 Billion Amid Revamp
(DBN)

Italy Electricity Bills Set to More Than Double This Quarter, Regulator Warns
(DBN)

____________

Ireland:

Mallinckrodt liquidation would trigger $5.2bn financial hole, court told
(DBN)

____________

Russia:

Putin confirms "partial withdrawal' of troops but signals threat not over • Russia says some troops withdrawing from Ukraine's border; NATO chief notes 'cautious optimism' • US hasn’t verified Russian pullback of troops near Ukraine • Biden tested by brewing Russian crisis • On Ukraine, U.S. and Russia Wage Signaling War to Avert Actual War • Russia shows some troops leaving near Ukraine, seeks talks • Biden Says Ukraine Invasion Risk Remains, Awaits Russia Pullback • Ukraine Defense Ministry, banks hit by cyberattack amid tensions with Russia • Russian parliament asks Putin to recognize breakaway Ukrainian regions • What a Russian invasion of Ukraine would mean for the global economy • 'We'll believe Putin's withdrawal when we see it': NATO cautiously declares victory in battle to stop Russia invading Ukraine while Moscow claims it has 'disgraced' the West • Russians scoff at Western fears of Ukraine invasion • Putin baselessly claims 'genocide' is happening in areas of Ukraine controlled by Kremlin-backed rebels • Dow rallies 387 points after Russia withdraws some troops around Ukraine • When the president is a former comedian and his war joke falls flat • Senate to settle for symbolic rebuke as Russia sanctions talks fizzle • A ‘swift’ and ‘unified’ sanctions slam on Russia? Not exactly. • If Putin invades Ukraine, the whole world will feel it • Biden in Ukraine speech tries to appeal to the Russian people: 'You are not our enemy'
(DBN)

Putin says Russia ready to talk to US, NATO on missile limits
(DBN)

____________

MENA:

Oman Bankruptcy Law
(DBN)

Six months of Taliban: Afghans safer, poorer, less hopeful
(DBN)

A Pakistani man murdered his social media star sister in an 'honor killing.' Their parents pardoned him.
(DBN)

____________

South Korea:

S. Korean COVID deaths rise, hope rests on high booster rate
(DBN)

____________

Hong Kong:

Hong Kong Tries to End Covid Without Nightmare-Scenario Lockdown
(DBN)

____________

Zimbabwe:

Zimbabwe Re-Opens All Land Borders as Covid Cases Decline
(DBN)

____________

India:

Dewan Housing ruling gives a new direction to insolvency resolution
(DBN)

____________

Denmark:

Denmark Posts Drop in Cases to Justify Early End to Covid Curbs
(DBN)

____________

Netherlands:

Netherlands Eases Covid-19 Measures as Cases Start to Fall
(DBN)

Dutch Recruiter Randstad Sees Scarcity in the Labor Market Over the Long Term
(DBN)

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